Show MOR GAS LAND LEA iSID D Great Salt Lake Company Secured Se-cured the French Farm BOEING IS TO COMMENCE WELLS WILL BE PUT DOWN IX THE PRO3IISIXG TRACT American Aatural Ga Conipniiy < i Mtxinct Nearly to tHo Vtxvm Springs Treacle IVill Come Down Tlilrd t IVcst Annviiiscmoitt of tIle Prop octies of the Provo siiicl Dcscrct IVooIou aiHln to Commence OIL aiondny Froiiosccl ConsolidatIon Slay Lead to n General UlerKlue of Interests For some days past quiet negotiations looking to the leasing of the old French I farm now the property of Le Grand Young located directly west of the I tract upon which the now famous Tus carora natural gas well is situated by the Great Salt Lake Natural Gas and Fuel company have been on and yesterday I yes-terday afternoon thirty acres of the farm were leased to the company by I the owner A bond to purchase is given by the purchasing incorporation I and within the next week or ten days j I drilling for gas is to Commence on the j tract and several wells are to be putdown I put-down to the gas stratum which is some 500 feet below the surface of the lake Experts who have visited and tested the ground involved in the lease have expressed an opinion to the effect that the natural gas reservoir will be encountered I en-countered fully as soon there as on the tract owned by the American Natural I Gas company and the other operators at the Xalce Shore fields and that the flow will be as steady as from the veteran I vet-eran wells which are soon to begin supplying j I sup-plying the city of Salt Lake with gas for heating and lighting purposes I Within the next few days the contract con-tract for the driving of the wells will > be awarded in fat is now proC tiCaHy j awarded but still lacks some important I signatures One of the incorporators being an expert gas man and the owner of a driving plant that gentleman will have charge of the mechanical part of I the companys affairs I At a meeting of the stockholders held j yesterday afternoon it was unanimously I unani-mously decided to pool all of the 750 i 000 shares of stock This will prevent any hawking of the stock and all transfers trans-fers will be made directly from the treasury the proceeds of the sales to be devoted to the development of the I properties of the company In addition to the thirty acres secured yesterday this company owns 160 acres of very i promising ground south of the present wells and another tract of SO acres southeasterly Arthur Murphy yesterday i yester-day made a purchase of 20000 shares of the capital stock from the treasury at 10 cents per hnre and the block I went back into the pool I Good progress was yesterday made by the contractors on the mains of the American Natural Gas company and when work was knocked off last nIght the trench lead reached a point almost directly opposite the Warm Springs on j Third West street down which the pipe is to be laid > to South Temple street accOrding to tle present plans The mains were nearly half a mile behind but few lengths having been laid during dur-ing the past three days in order to allow al-low the trenchers to get ahead out of the way It has been very hard work excavating in the road between the Warm Springs and Polsoms but 11oW better progress will be made the line i having been moved farther west As far as completed the pipe has been i tested and is in firstclass shape It Is anticipated that South Temple street i will be reached within the next three I working days The new well at the gas fields has I attained a depth of over 350 feet according ac-cording to the reports of the officers of the > company and the sam indications II are present as were encountered in the driving of the old spouters |