CHIEF CONSOLIDATED MINING CO
DEF 14A, 1997-10-24
MINERAL ROYALTY TRADERS
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SCHEDULE 14A
(Rule 14a-101)

INFORMATION REQUIRED IN PROXY STATEMENT
SCHEDULE 14A INFORMATION
Proxy Statement Pursuant to Section 14(a) of the Securities 
Exchange Act of 1934

Filed by the Registrant    X

Filed by a Party other than the Registrant  

Check the appropriate box:

	Preliminary Proxy Statement		   	Confidential, 
For Use of the 								
	Commission Only (as Permitted by 					
			Rule 14a-6(e)(2))

 X	Definitive Proxy Statement

	Definitive Additional Materials

	Soliciting Material Pursuant to Rule 14a-11(c) or Rule 
14a-12

CHIEF CONSOLIDATED MINING COMPANY (FILE # 1-1761)			
	
	(Name of Registrant as Specified in Its Charter)
											
	(Name of Person(s) Filing Proxy Statement, if Other 
Than the Registrant)

Payment of Filing Fee (Check the appropriate box):

      X    	No fee required	(Vote on Directors and 
Accountants Only)

   	Fee computed on table below per Exchange Act
	Rules 14-a6(i)(1) and 0-11.

	(1)  Title of each class of securities to which 
transaction applies:
	COMMON STOCK; PREFERRED STOCK					

	(2)Aggregate number of securities to which transaction 
applies:
											

	(3)  Per unit price or other underlying value of 
transaction computed pursuant to Exchange Act Rule 0-11 (set 
forth the amount on which the filing fee is calculated and 
state how it was determined):
					N\A						

	(4)  Proposed maximum aggregate value of transaction:
					N\A						

	(5)  Total fee paid:
					N\A						
   
      	Fee paid previously with preliminary materials.	
		
	





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