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NYC President Negotiates For Merger
Albany NY UP I reports New York Central President Alfred E Perlman says talks are underway with Chesapeake and Ohio and Baltimore and Ohio to form a vast eastern rail system with over 30000 miles of rights of way and assets around 6 billion dollars He suggests a Pennsylvan ia merger previously floated may be return ed if current talks fail The move aims to create a dominant eastern network while Central’s current year business shows a noted decline in steel haulage and weaker second quarter prospects
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