Show TEME OF OPTION Independent Telephone Co Granted Until March MarcIl to Raise Purchase Price Will Pay Interest It was officially announced yesterday esterday that the Utah Independent Telephone company had bar secured of the pur purchase purchase purchase chase price of t f the securities held by b the United States Telephone company compan Ow Owing OwIng Owing ing to the stringency in the money mar market market market ket the tho full amount of has not yet been secured A telegram from El EI Elmer Elmer mer B Jones and George T Odell two of officials officials officials who are In Rochester looking after alter the Interests of ot the company stated that these two directors tors of the new company had secured an extension c until March 15 in which to take talce up the option and com corn complete complete the payments on the enterprise When the new ne company compan was organized last summer through the payment of 50 an option was secured on the corn com property and Interests the deal dertl dealto dealto to be bo closed on Oct 15 Walker alker Brothers bankers on Saturday made a second pay payment pa payment ment of ot 30 00 on behalf of the under underwriting underwriting underwriting writing syndicate to hold the option until the final payment is made It is understood that In consideration of the extension of time granted by the holding company compan the new company will pay pa the Interest Int rest on the money mone to March 15 which will amount to about |