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Show UTAH MINES BRING ILLI1AI SALE 6HERIFF SELLS AT AUCTION PROPERTIES AT BINGHAM AND TOOELE Subsidiary of Anaconda Copper Company Com-pany Is Successful Bidder; Work Will Be Continued Con-tinued Salt Lake City. The Utah Consolidated Consol-idated Mining company properties, including the mines and equipment at Bingham and the smelter at Tooele, were sold Monday afternoon on the steps of the city and county building at public auction by Sheriff Ben R. Harries for $1,000,000. The International Smelting company, a subsidiary of the Anaconda Copper company, were the successful bidders and purchasers. The sale of the Utah Consolidated Mining company's properties was to satisfy a judgment of approximately $2,000,000 obtained by - the International Interna-tional Smelting company in the United Uni-ted States district court for a note due and unpaid. The smelting company com-pany had loaned the money to the mining company on a note with the company's properties as security to, meet a judgment levied against the Utah Consolidated Mining company in favor of the Utah Apex in one of the most famous apex suits in the west. The case involving ore bodies in the famous Bingham district came up in the local federal court several years ago when the Utah Consolidated Consolidat-ed claimed rights to certain ores, under un-der apex rights, considerable of which the Utah Apex alleged had already al-ready been extracted by the Utah Consolidated. The case when it came up for trial brought some of the most famous geologists and engineers of the- country to Salt Lake as expert witnesses on both sides. Judge Tillman Till-man D. Johnson decided in favor of the Utah Apex company and awarded award-ed the apex rights and damages amounting with interest to approximately approxi-mately $2,000,000. The case was carried car-ried to the United States supreme court where Judge Johnson's decision was upheld. In order to meet the judgment the Utah Consolidated, it H stated, found it necessary to borrow money from the International Smelting company. Unable to meet the obligations under the note the Utah Consolidatd was forced into the local federal court by I the International Smelting company and its properties were ordered by Judge Johnson to be sold at public auction to satisfy the judgment. Through the auction sale Monday the Internatonal Smelting takes possession pos-session of the Utah Consolidated properties, one of the largest and most extensive, outside of Utah Cop-pr Cop-pr company, in Bingham. The company com-pany Is the second largest producer in the Bingham district and one of the largest producers in the state. |