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Show Bondholders Are Under- j i stood to Have Purchased California Concern. . SAX FKANX-ISCO, Cai.. SeuL 29. Property of the Pacific Sugar corporation, corpora-tion, consisting of about yn-00 acres of land, a sugar factory located at Tracy, Cal.. was today sold at public auction by the Sa rings Un ion Bn nk & Trust company of San Francisco, trustee, under a trust deed t'or $9!3.U00 to Oscar Sutro of San Francisco and H. K. Macmillan : of Salt Lake. Mr. Sutro and M r. Macmillan are the attorneys for the bondholders, for whom it is understood, they p-urclui sed (lie property. The Amalgamated Sugar com- . pany of Ogden, Utah, whh the holder of the majority of the bonds, the balance being scattered among holders in the east and in England. A new corporation is be i rig organized I by the bondholders and the property is to be transferred to the rit w company. 1 |