Business: Deals & Developments

Wire for Oil. News leaked out last week that Aluminum Co. of Canada, sector of the Mellon Empire, had sold $1,000,000 worth of aluminum wire to Russia, will take crude oil in payment (some reports said half the payment would be cash). The oil received in the deal, which Aluminum Co. called a barter "in effect but not literally," will be sold to Montreal's La Salle Petroleum Refinery, Ltd. (incorporated only last May), refined and placed on the Canadian market. Canada's oilmen spoke of "disturbing effects," pointed out that Mellon-controlled Gulf Oil Corp....

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