Show I gets bonus bid for Gilsonite lands The Bureau Land Management received in bonus bids recently for gilsonite leases approximately 35 miles southeast of J. E. Land Office manager in Salt Lake said 28 acres were offered in 10 Bids were r on nine of the American Gilsonite of Salt Lake City entered bids on five of the parcels of land and were successful with four of their They obtained the right to lease on acres for total bids of American's bid of for acres was the highest single bid received and a-mounted to approximately per Minimum bid's accepted were per Keogh and the lowest successful bids were per Devon Development of Salt Lake City were high successful bidders on two parcels of land totaling Their successful bids amounted to or per acre in each Other successful bidders were Miles B Newport 65 for Standard Gilsonite Salt Lake for and Arthur L. Salt Lake for In addition to their bonus the successful bidders will pay an annual rental for use of the public land plus royalties on the value of materials The competitive bidding Thursday was for the privilege of leasing the lands to mine native solid and semisolid and bituminous Keogh explained |