Show Ing CUP UP Arc 10 Under Way II to 0 Three I Now York July Jul 24 How probable Is In n a Tate race fur for the tho Americas cup next year Mr May Maybe Maybe lla be he judged from tIne tho tact fact that already plans LIla aro way lIa to tl build thice for COI the tho th defense of or tho ma trophy The fhe ala 1110 to tu be ne by b tint thc naval cUl in III Iney lne wu w who bo ho trout trio of or Nat ol oh Henry and auitt of ot William Tho Thu yachts will compete in lit tiiu races raced to the present Idea tel ell anu tine the best OC Of the thO selected to raco fortine for tor fortha tine tha cup CUll All unco of ot the he I In question have hao guarded thu tho fact that they the have hav hat han II under nuttier Neither will they tho tito Identity or ortho orthe the tho Intending builders It Is however that M I 1 Smith owner or ortho ortho orI tho I ho Kings Ings lI tugs cup cun winner vI Ii rt Is Itt tho Iho t Ito Gielow C boat boa t tins that t John 1 ohm 11 II I I I I anion and a tnt hula his III wins Will ulI G o and lira fire behind the tha bon boat I antI and syndicate la Is I behInd tine tho holt boat boni While It II Is la true that thaI there ben been benno no negotiations n nn liS yet ct et with respect r Itel to U a It has hOIl been a well understood fact sinco Sir nir lIpton Upton left this country COUll t 1 last lait winter that ho he would dial chal lengo at nl the thu end of ot o tho the present racing |