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OPTION PROBABLY WILL BE CLOSED. Denver Colo., March 3. A telegram from W. A. Ke-id dated at Portland. Oregon, this morning, stated that he would reach Denver Thursday. Mr. Read, who represents a syndicate of. Canadian capitalists, has an option for the purchase of Overland Park at 5123,500. It is said that arrangements have already leen completed for thirty-two days of racing on this track during the coming summer. The first meeting probably will last seventeen days, beginning Juno 13. Mr. Reads local connections state that he Mill probably take tip his option and complete the deal this week.