Show OHIO COPPER SOlO SOLD FOR I BY ORDER Of COURT The sale of the Ohio Copper was made toay today by order of the court cour and th the property property property prop prop- erty was bought In by E. E H. H Sykes of the law firm of Sullivan Sulvan Cromwell Cromwel of or New e York The bid accepted was Wa for and It I Is 11 understood that the purchase was wal made In the Interest of the bondholders bond holders committee The Injunction sought by the stockholders to prevent this sale having been refused by the court the or order order order or- or der of ot sale was carried out and the next move will wi be for some action before tl federal court that was started acton In the East last lat wee week It wa H It I seems that the bondholders have taken a considerable length of time to take possession of the Bingham estate which they claim they were authorized to todo todo todo do under the conditions prescribed when the bond issue was made By waiting until this time they have taken taen over the company at the most mOlt favorable moment or a according to one of t the witnesses s forthe for forthe the h stockholders stockholder d s at Ofa a time r I when eh the company has cash resources of There Is 18 more than enough money on hand according to this statement to pay payal all al of the default Interest account accounts andI and It I is reasonable to presume that bondholder bondholders bond pond holders holder have an excellent chance to get their money back bak from the tile property Ohio Copper has had a stormy career Its It's a property with sufficient merit to have shown a considerable profit from metal leasing operations since the tIle red prices were advanced sharply by reason of the unusual demand for tor the metal metal The l property is opened dISe extensively e and i has a mill fr plant ra which hel H is of small capacity capacity capa capa- city compared to the mills mis that are usually usually ally aly Installed for treatment of the porphyry por por- ores Under Its present leasing arr arrangement arrangement ar ar- ar- ar r the mine has been a steady producer and the report Just made indicates indi Indi- cates cats that fine profits have been made for all l concerned It I Is probable that no change will wi be made In operations for the present as there appear to be some matters matter that will wi have to be straightened out before actual possession can be given The leasing until It company Is md dispossessed Ks will ed continue though to the operate railroad railroad rail rail- road strike may change all al these plans plane as the smelters smelter have advised that they will wl not guarantee acceptance of ores en route here that are not received within a afew afew afew few days |