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Show WALLACE DENIES STORY Of SALE Says Bell Company Has Not Absorbed Utah Independent, Independ-ent, Concern Nor Is It Trying To. j A dispatch from Boston saj-s: "The Bell Telephone company has begu absorbing thhe independent companies com-panies which have sprung up throughout through-out ihe country. Only yesterday it came! out that the Rochester, Y., company had been absorbed: and today it is announced that the Utah Independent Independ-ent company has been purchased. "The poficy of absorption is to be' pursued, it is understood, wherewr the game is worth while, the big concern's con-cern's treasury beine full to overflowing. overflow-ing. Terms of purchase are not given giv-en out and may only be learned rom the annual report. , . . "The Rochester company controls several hundred miles of lines in Utah in addition to the lines in central New York and western Pennsylvania. The Euiraase price is said to .be $14,000,-00. $14,000,-00. j "A dispatch from Allentown, Pa., says I the International Telephone Association As-sociation of America, the rival of the ! Belli monopoly, is the real purchaser of tie Rochester company. Ceorge Y. W'allace, president of the Rocky Mountain Bell Telephone company, com-pany, said at noon today: "So far as I know the Bell company has not absorbed nor is It trylnf to tbaoA tag Athes comjjaa't |