The Fairmont West Virginian. (Fairmont, W. Va.) 1904-1914, 1906-09-06

PpENRsY WILL PRoBAHLY DIS;
u POSE or lTs or lN as ytH
BIG sou RN Road.

PHILADELPHIA, Sept Ga sup,
elemental statement issued by the.
pennsylvania Railroad Company made
known the fact that total OF 100000.
shares Of stock in the Baltimore g
Ohio and the Norfolk q Western rail.
roads had been sold to Kuhn, Loeb e
Co. instead Of $4,000 shares, as re-
ported on Monday.
The official statement said that the.
Pennsylvania interests had sold
about 40O. 900 shares OF Baltimore g
Ohio stock and about 100000 shares
Of Norfolk G Western stock, thus re-
ducing the aggregate holdings Of the
Pennsylvania system to about 90 per
cent. in each Of the said companies"
lit became known, too, that the man
aeement has under consideration the
Sale of the remaining stock OF the
two roads named, as well as the stock
it holds of the Chesapeake & Ohio
railroad.
OF the total stock OF the Baltimore
& Ohio company owned by Pennsyl-
|vania interests the PennsylVani Rail
road Company owned $4,000 shares
OF the preferred and 902,9s3 shares
{of common. The pennsylvania COM
pany owned $4,000 preferred and no.
l446 common, the Northern Central
company 10000 preferred and 1915
common, and the philadelphia, Balti-
more & washington railroad 10000
preferred and 1915 common. This is
total OF $4,000 shares of preferred
stock and 100000 shares Of common
aggregating 10000 shares, with par
value OF $71,SOO0OO
OF the total stock of the Norfolk
& Western railway owned by Penn
sylyania interests the Pennsylvania
Railroad Company owned 2O3.3O0
shares Of common and $4,000 shares
OF adjustment preferred, the PeHnsyl-
Company $4,000 preferred and 5000
common, the Northern Central Rail-
way Company 5000 adjustment prefer
red and 10000 common. The Philadel-
,phia, Baltimore & Washington road
held no stock Of this company. This
makes a total of 10000 shares Of adj
Justment preferred and 22S.3O0 shares
of common stock, with a par value OF
500 $3.50, 900.
While melting Of directors OF the
Baltimore & Ohio railroad has not
been called, it was admitted at the
general offices of the Pennsylvania
railroad that a part of it's representa-
ton on the board will resign. One OF
those to withdraw will be John B,
Thayer. Fourth Vice President OF the
Pennsylvania railroad, in charge Of the
traffic department. He has served no
Etice on the executive committee OF the
Baltimore & Ohio board that this ac-
ton will be taken. Other members
representing Pennsylvania interests
Include John p. Green. first vice pres
,tdent; Samuel Rea. third vice presl-
dent, and James McCrea. first vice
president of the Pennsylvania lines
west of Plttsburg. The four named
were members of the executive COM
mittee. It is rumored that Rea will
retire with Thayer.
William A. Glasgow. Jr., special
counsel for the Interstate Commerce
Commission, expressed great pleasure
when he learned of the action of the
Pennsylvania railroad. He said:
at was bound to come, and you can
take my word for it that 1t will not
be long before the chesapeake & Ohio
stock held by the pennsylvania will
be offered for sale 1t means untold
/; prosperity to the State OF Virginia and
that section Of the country as well
as greater things for Baltimore
through the Baltimore & Ohio rail
road"