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Show PEARSON OIL COMPANY NOT SOLD NEW YORK. July 15 Lord Cow-dray, Cow-dray, head of tho Pearson oil td1i-cate, td1i-cate, whs haa been in New York for .event) dava on a biisineaa miaaion, haa issued a formal denial of Wnil street rtinors that he intends to sell out his Mexirau oil interest, to th. Texas Oil company, whirh John W. Oates eontrol. Both th. Pearson syndicate and the Texas Oil company have heen in ai-tiv. competition with the Waters-Pierc company, but the relations of th. Texas ronipanj' with the Waters-Pitirre peonW were mora friendly than thos. of thf r'nitlisn roinpany and Wall street believed be-lieved that the transfer of the Pearson holdings to them was contemplated tn orkr tn place the competition to the Waters-Pierre company on n mure profitable basis. "1 have not sold tnv holding.' said Lord t'owdray, "and I have uol been negotiating for the sale of thcni. Kotb the Texas Oii company and my own I syndicate are in the asm. buaineHS. tni-j Helling; of oil. and we have had certain ; matters to talk over wMrh were profit-1 able ta both of us. That ia ail there is to it- " - |