SURPLUS PROPERTY: A Deal for the Inches

With a great sigh of relief, the War Assets Administration last week got rid of the tangled problem of the Big and Little Big Inches. For the whopping sum of $143.1 million WAA sold the pipelines (subject to Department of Justice approval) to the Texas Eastern Transmission Co., a new company of Natural Gasman E. Holley Poe and four associates.

The bid, high among the ten submitted, was only $2.7 million less than the Government spent to build the lines. It was $33 million more than the favored bid last November when WAA Boss Robert M. Littlejohn...

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