Show B 0 REORGANIZATION REORGAIIZATONI I New Management Will Try to Run the Road New York June 21The Baltimore Ohio reorganization committee announced I an-nounced the plan of organization today I In substance the plan creates 70000000 of 3Y per cent prior lien bonds on the main line and 563000000 of 4 per cent first mortgage bonds which are a second sec-ond mortgage on the main line There wl be 40000000 preferred stock and 35000000 common stock The present common stock is to pay 520 per share assessment and will receive an equal amount of preferred slock The total annual charges under the reorganization reorganiza-tion will be 6250000 The net earnings for the year ending June 30 next will be i is believed 1500OCO more than this An ample reserve is provided for future capital needs and the syndicate agrees to provide over 30000000 of cash required under the plans he A property five year voting trust will manage |