Thanks.
Guess I missed the memo?
I see a limited offering here. http://www.lionel.com/search?query=WOOD%20CHIP
The GM&O's were shown with red paint; when they were shown in the catalog, I politely complained to Lionel that the GM&O's were black only. They said thanks and that they would adjust the paint. Needless to say I am not going to buy them if they are red, GM&O or not. Note that the catalog still shows red (BTW, they show a "Portlant Terminal" set; is that in Oregont?), so no purchase for me, until when and if.
THIS is correct - black; ironically, it is ancient, factory-lettered Weaver.