Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1895-12-28
BALTIMORE l. OHIO.
Break in the Price Of The Stock from
40 10 50.
REPORTS OF 4 nEcEN ERs"r.


NEW YORK. December 1.-THE TEA
,,re Of the trading AT the New orN
stock Exchange to-day was the Dre'A H'
poltirnore and ohio from 80 IL TO 81 on
s,les Of less than 1000 shares on the
reiteration Of the reports OF receiver
shin and rumors Of an intended issue
of new stock TO take mp the floating
debt II was also stated that The com
many had sold. or would sell It's block
Of Western Union Telegraph stock.
President kim. OF the Baltimore and
Ohio. when asked about the rumors said
you may unaualihedly deny the rumor
that the Baltimore and Ohio Railroad
Company ls selling its holdings OF West
ern Union Telegraph stock-nOt a single
share of the stock has been disposed Of
and all the reports Of an impending de-
fault on the part Of the Baltimore and
ohio Railroad Company or any or IT'S
affiliated lines.
"The money TO meet all interest charges
due January /. 1896. for all lines has
been provided for. and Is now in bank
Finally. the report that the meeting
discussed the issue Of from Sl0.W00n 10
N5O00.OO) of new stock is entirely with
ont foundation"
General Louis Fitzg raid. president Of
the Mercantile Trust Company. and one
Of the newly-elected directors Of the
company. said.
There Is 10 be no receivershp for
the Baltimore and Ohio. There is no oc-
casion for one. The company has now
on hand the money TO pay the interest
on its bon-s and the dividend on the pre-
ferrsd stock due January lst
THE attack on Baltimore and Ohio stock
was made by bears In Western Union
stock who wanted 10 create the idea
that the Baltimore and Ohio would
be obliged to let go its Western Union
William A. Read. Of Vermilye q
Co another director. said
There Is 10 be no receiver for the
Baltimore and Ohio. The company has
not the authority TO issue second-pre-
ferred stock 10 take mo IT'S floating debt
as it has been reported it would DO"
STATUS IN BALTIMORE
BALTIMORE MD. December 27.-Bal-
timore and Ohio shares were even weaker
In the local market to-day than ON the
New York Exchange. and the pressure
10 sell was greater than at any other
time since the downward movement be-
gan. a few weeks ago. Sa,es We're mada
az the opening - the market at 35 3-s-a
decline Of SIS. compared with the closing
bid price yesterday. The last sales We're
made al ga net loss for the day Of s
points.
The talk of a receiver was more gene
rally INDUCED in to-day than at any other
time since the financial condition OF the
company begun 10 attract attention. The
talk too. was heard in the offices of the
best-posted brokers Of the city. There
may be no NOR foundation. however. for
the alarming stories current to-day than
for the reports that have been circulated
from time 10 time during the past year.
and 10 which the Baltimore and Ohio has
paid little attention
one Of the reasons FOR the slump to-
day was "a rumOr which emanated In
Wall street and was telegraphed here.
that the directors had decld a % issue
100000 second preferred stock for the
purpose OF providing the company with
necessary funds. The outstanding second
preferred stock amounts tO S2100.00O
A private telegram was received from
New York stating that the Baltimore ana
Ohio had to-day sold ifs holdings of
Western Union Telegraph Company stock.
said % amount 10 sey raj thousand
shares.