Step 1: Harmonic numbers
Closed pipe: the $n$-th overtone is the $(2n+1)$-th harmonic, so the fourth overtone is the 9th. Open pipe: the fifth overtone is the 6th harmonic.
Step 2: Equal frequencies
$9\cdot\frac{v}{4L_c}=6\cdot\frac{v}{2L_o}$, so $\frac{9}{4L_c}=\frac{3}{L_o}$.
Step 3: Result
$\frac{L_c}{L_o}=\frac{3}{4}$, the second option.
Final Answer:
The length ratio is $3:4$.
\[ \boxed{\text{(B) }3:4} \]