Show FOR f NEVI NEV Special to The Herald New York June 36 George E Lear Leu Learnard Leunard Learnard nard president of the Mines Smelters corporation said yes yesterday yesterday yesterday that negotiations are re to be con eon concluded concluded eluded shortly for erecting a custom smelter at Nev This smelter will win be independent of the company Mr fr Learnard but will be erected bl bj people very ver friendly to When asked about a rumor heard rd that a re receivership receivershIp for was wa in prospect Mr Learnard said that such talk was liS s absurd What possible reason reson could there be for such a step Mr Learnard L asked Reports have been published of the company having a 1 bond issue I want to say that the company has no bonds boRds outstanding has bas no float floating fl floating at ing debt whatever and aDd has bas an ample cash balance |