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Show SALT LAKERS' BIO PURCHASE. LOS ANGELES, April 16. One of the largest transfers In copper properties made lately was consummated a few days ago in the sale of the Ray and Cavan-augh Cavan-augh properties in Pinal county, Arizona, to Utah and Colorado capitalists for $3,000,000. Charles M. MacNeill, copper and smelter magnate of Colorado and Utah; Sherwood Aldrlch, mine operator of Colorado Springs and Rhyollte; D. C. Jackltng, manager of the Utah Copper company and several other large Interests Inter-ests in Utah and Colorado form the syndicate syn-dicate that has taken over the properties. Several of the men who are in the purchasing pur-chasing syndicate have Just returned from Arizona. The headquarters of the company Will be here and the establishment establish-ment here- of a smelter to handle the output of the property is being considered. consid-ered. Manager .Tackling is now in Los Angeles An-geles attending to the closing up of the details for this mammoth copper property, which he and his associates have had under consideration for some time. The property was recommended to Jackling and MacNeill, and they sent out engineers engi-neers to make a careful inspection of the ground. From these they received favorable reports, but it was not until they had gone down and made a personal Inspection of the mines that they finally decided to take the ground and capitalize capital-ize the company for millions. The company com-pany will begin the operatoln of, the ground under Manager Jackling from his local offices in this city. |