Show SOLD AT PUBLIC AUCTION Committee of Bondholders Secured Independent Telephone Proper Properties Properties ties for Sum of x Special to The Herald Rochester N Y Feb 4 The properties proper tiel of the United States Independent Tele Telephone Telephone Telephone phone company and the Independent Tele Telephone Telephone Telephone phone Securities company were sold at public auction this mornIng at the court hous under a foreclosure sale Telephone magnates from all over the country at attended attended tended the sale but only one bid was of offered offered feted Walter alter B Duffy as chairman of the reorganization committee c of the bond bondholders bondholders holders of the States company bid In both properties In bulk He paid for or the United States company and for the securities company compan These two tw companies control practically all the in independent independent dependent telephone interests In central and western New York and their pur pun purchase purchase chase by b the representatives of the pres present ent eat owners insures a continuances of 0 fres the independent management The owners of 83 per cent of the bonds hernia of the United States company com pan had trans transferred transferred erred their holdings to the reorganization committee and the holders of ot 90 per cent of the Securities company bonds had made similar transfers The bond owners of the United States company compan will wilt receive In cash about 10 for each 1000 bond and the bond of the Securities company compan will ill receive about for each 1000 bond It Jt had been expected that the representatives representatives of the Bell company compan would woula make a bid but none of them put put In an appearance at the sale The Utah tah com corn company company pany which was as formerly owned by h the United States company and was one of its most valuable assets had been dis db disposed posed of at private sale s le recently so It did not figure In the t e sale s le this morning |