Cream Skimmed

Like most U.S. business, War Assets Administration had a whopping first quarter. WAA sold surplus goods with a face value of $2.3 billion for $668,314,000, about 30¢ on the dollar. But unlike other merchandising organizations, WAA has found that its market is fast disappearing. It has already skimmed the cream. Last week WAA Boss Robert McGowan Little-John reported that WAA still has $13 billion of unsold surpluses on hand. But he did not think much of this could be sold. His chances of selling much of what's left seem so poor that he plans to ask Congress to let...

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