STATE OF BUSINESS: Facts & Figures, Jul. 7, 1947

Canol Sale. A 577-mile stretch of the Canol Pipeline, costliest flop of the war, was sold to Cleveland's United States Truck Sales Co. for $700,000. Sale included bridges, trucks, mess halls, etc. which cost the U.S. an estimated $70 million—total installed cost including the refinery (excluded from the sale). The Truck Sales Co., which has grown big and rich dealing in Government surpluses, bought the stretch from Norman Wells to Whitehorse sight unseen; its information came from a surplus property catalogue. The company intends to salvage Canol equipment, estimates that it will have...

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