Canal Capital Cp (COWP)

[Mr. Bill]

COWP- 8K out -- $400K Operating income on $1 MILLION sale of 25 acres of land
http://yahoo.brand.edgar-online.com/fetchFilingFrameset.aspx?FilingID=3753052&Type=HTML

SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported): June 13, 2005

CANAL CAPITAL CORPORATION
(Exact Name of Registrant as Specified in Charter)

Delaware 2-96666 51-0102492
(State or Other Jurisdiction of (Commission File Number) (I.R.S. Employer
Incorporation) Identification No.)

490 Wheeler Road, Hauppauge, NY 11788
(Address of Principal Executive Offices)

Registrant's telephone number, including area code: [phone]

Not Applicable
(Former Name or Former Address, if Changed Since Last Report)

(This document contains 2 pages)




Item 8.01 Other Events

On June 13, 2005, the Company sold approximately 25 acres of land located in
Sioux City, Iowa (formerly used by the Company for stockyard operations) for One
Million ($1,000,000) Dollars. This was a cash sale which generated operating
income of approximately Four Hundred Thousand ($400,000) Dollars and will be
included in the Company's third quarter operating results.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

Canal Capital Corporation
Registrant


/s/ Reginald Schauder
---------------------------------
Reginald Schauder
Chief Financial Officer
Secretary and Treasurer

Date: June 23, 2005