Stockholders of the Baltimore & Ohio Railroad were as popular last week as a fare cut to commuters. Three weeks ago the money-making Chesapeake & Ohio Railway offered to buy 80% of the B. & O.'s stock, and won the blessing of B. & O.'s management. Last week the New York Central Railroad, afraid of such a merger, which would create the second largest railroad in the U.S. and make competitive life hard for the Central, also made a move to woo B. & O. stockholders.
It said it wants to acquire 60% of the...
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