PRR stock holdings of N&W

[NW Mailing List]

On Mon, May 19, 2014 at 7:30 AM, Ed wrote:

> Most of the shares were sold as a condition of N&W’s 1964 merger and PRR’s
> upcoming merger with NYC.  There was a drawdown of the remaining shares and
> divestiture was not complete until 1972.
>
> I don’t know any web references.  My information came from the N&W Annual
> Reports, available from the Society.

Wasn't there an article in Trains a few years ago about Stuart
Saunders, the rapid steam-to-diesel conversion, and stock prices for
both the N&W and PRR? I seem to remember it was written by one of the
decent authors, William Middleton or H. Roger Grant, and was well
researched to support the conjecture.

Bruce in Blacksburg