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Show STOBY IS DENIED. N'KVY YORK. Feb. 2.--Thomas Kearns and David Keith when asked concerning statements published by the Salt I.ake Herald in regard to a proposed pro-posed merger of certain interests at Park itv. both denied emphatically that the Silver King or any of its re cent purchases of other properties at Park City will be absorbed. There is absolutely no foundation for the story that the Ontario and Dalv West of the Guggenheim interests inter-ests will absorb all or any of the Sil ver King holdings. AskM about anv new smelting in terests in the field in connection with the Cole or Ryan interests, both de clined to make a statement. If is reported re-ported here, however, that the Coif and Heinze interests have joined in an issue that mav control many interests in I'tah. outside of and independent of the Guggenheim interests. Judging from the present operations and fall of the American Smelting stock, there mav be a strong enmpanv organized to oppose the great combination combi-nation at an earlv date. Many believe here that if would be better for all mining interests should an organization be effected sufficiently powerful to combat the American Smelting company. If is pointed out that the tremendous resources of I'tah and Nevada afford a field for the sue cessfu! operation of two or more big smelting concerns, and fo this end it is believed to be to the interest of the stockholders of Silver King properties to encourage the bringing of r.ew smelting capital into the field. Heirr.e has demonstrated with wonderful wonder-ful ability in a financial way. and has been so successful in both mining and smelting that his great know f edge and wealth, coupled with the abilities of his associates, will make his influence felt should he enter the T'tah and Nevada field as s rival of the American Smelting company. |