Show PROGRESS OF UTAH MERGE MERGER fR F new york march 20 activity in tata gutaj and shares accompanied by r ra ports that plans are maturing for taking I 1 over by kennicott of utah have IKY not reached a stage where an official annil announce D 11 cc ment may be looked for shortly giving a the details ra I 1 it is understood has i ii creased its stockholdings stock holdings of utah to 46 shares through the purchase of shares in open market it is asserted tin th the guggenheim interests control somi som thing like shares more and that b bi stockholders not affiliated with kennedo and controlling in the neighborhood of 30 shares would give their assent to consolidation making a total of shares or more than enough to insure t tin t success of tile the proposed merger it i is s understood that an exchange oa 0 stocks is being discussed at tile the ratio 0 1 shares of and 3 lor in cash for one share of utah I 1 va |