Business: Railroad Week

MOP. Through J. P. Morgan & Co. and Guaranty Trust Co. last week Alleghany Corp.. holding company controlled by the Van Sweringen brothers of Cleveland, offered a $25,000,000 bond and a $12,500,000 preferred stock issue. Securing the issue were $7,000,000 Missouri Pacific convertible bonds, 60,000 shares of Missouri Pacific convertible preferred stock, 100,000 shares of Missouri Pacific common stock (MOP).

Inquisitive people, wondering why Alleghany Corp. has so large an interest in MOP, were told that the Van Sweringen:, are estimated to have one-third control of the road. Suddenly the realization dawned...

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