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Show Natural lias company, was lighted on Monday Mon-day morning and lias been allowed to burn uninterruptedly night and day ever since. The gM burns ith a steady flame and at night is a gland sight. Official of this company are disappointed at. their franchise ordinance being tabled again last night. They cannot understand why it was QOt allowed to pass after meeting with the approval of a majority of the council. 'Hie price limit in the ordinance was raised from 30 to 40 cents but the natural gas folks urged it raised to fiO cents. They want as liberal a margin as possible In order to readily obtain the capital capi-tal in the east necessary to carry out the terms of the franchise. It is not intended in-tended to charge that amount, for the reason that it could not be obtained but capital always wants strong inducements in-ducements before investing. Ono of the I directors said today that he did not see j why a natural gas company providing S fuel should be limited to a price at which they could charge for it, when no such restriction was imposed on artitieial gas and electric light companies The interests of the company lie maintained' would necessarily cause them to market their article at as low a priee as was profitable becaUH the franchise was not exclusive and other natural gas companies could compete for the business. HERE'S THE BOOM! Salt Lake Onoe Moro Movea Forwud on the March of Progress and Prosperity, Capital Bashing to Zion's Metropolis Seeking Opportunities for Imiestment, NATURAL GAS BRINGS IT! Bir Real Estate Sale of Business Property Prop-erty This Afternoon to a Colorado Man FOR $85,000 SPOT CASH ! He Will Tut Bp u Ten-Story Offlre Building Build-ing l usting Half a Million Another An-other Natural Hah strike This Hornldg. When the Oral .efficient supply of natural jras was tapped a few weeks tfo, and that trttcle obtained in quantity sufficient to settle set-tle all doubt as to the exittetlCC of il in tills. vicinity in iarge quantities Tun TtMW called the attention of the puKih to it and predicted the immense benefit! as a consequence that would result to fcalt Lake. This prediction has already been fully verified and the attention of capital ill oil I ectlohs of the country is directed to this city. Today there was consummated for cash OOfl of the largest real estate transactions that has been recorded for some time, aud vsiich will re.-ult in the expenditure here of nearly half a million dollars. Through the efforts of It. S. Holmes and .lainc-Rlcketts .lainc-Rlcketts the negotiations for th' sale of the corner lot of ground on the southeast corner of Third South street and State road were eio-ed this afternoon, and David fiwick- hetaMI Of Moo,) krforado", becomes the owner of this piece of property, paying therefor the sum of 85,S00 In oath. The lot is 115 feet on cccli street, and was the property of Mr. Rleketts. The purchaser, Mr, Bwlck-lieimer, Bwlck-lieimer, who is a very wcnltny banker and mine owner of Rico, will improve the property prop-erty at OBCS and will erect upon it a handsome hand-some office building of iron and stone. It will lie either eight or ten stories in height. The money received for 1 hi- property will b( cxpeiidi d by Mr. lib kctts in the ltBtt. dlatu improvement of his other lot on the southwest comer of State Koad and Third . South streets. This lot is 105 feet frontage on State Koad and '.'00 feet along Third South street. The building to be erected Will be a line business block. Willi the elegant ele-gant K uutsford on one corner, the splendid business block now about completed across State road, and the two magnificent office buildings to be commenced by Messrs. Kicketts .v. Swickhiincr on the oilier two corners, that vicinity is destined speedily to become one of the principal bUainOM eeu-ters. eeu-ters. Mr. Swickhiincr has also purchased loot) acres of land on the east 6ide of the city, and Is negotiating for a large tract of land near Libe rty park, lie believes Salt Lake will rapldlj become the principal city in the west, and lliinks that the. natural gas discoveries made here Justify him in his conclusions and in the investment of large capital here. Another fias Strike. This morning natural gas was struck at a well being drilled on some properly northwest north-west Of the city. The Salt Lake Natural lias company organized by Messrs. Karri ok, Benson and Wittemore are the owners of the new well. The company was incorporated this afternoon with a capital of $360,000 io shares of the par value of $1 each, with the following well known gentlemen gentle-men as trustees: Messrs. U C. Karrick, C. (). Wittemore, Wendell Benson, t. S. Holmes, Ira TVrego, James Kicketts, John tiray, I. K. Hammond, .lohu Qrey and Mr. Chancy. The cmnuauy has all of its machinery ma-chinery and material on hand and several 4ays ago commenced the drilling of a small well for the purpose of obtaining fuel. At an early hour this morning natural gas was obtained the Mow and pressure both being of a quantity and pressure to insure an abundant supply of fuel for the machinery machin-ery employed in drilling the big ten inch trail that this company will drill htnme- tiately. The gentlemen who are interested ill the Company are all well known citizens and business men of Salt Lake, except Ira Perego, K.sq., of New York. The latter is a wealthy gentleman from Gotham sojourning so-journing at the Kiniisford, and appreciates a good thing whi n he seel it. He II confident Of Salt Lake's future and of the reliability of the. natural gas deposits and was anxious to invest money In the development of them, satisfied of the great results to be Obtained. This strike of gas this morning is of the greatest importance im-portance to Salt Lake. It will do much to confirm the Impression that ei-ts as to plenty of natural gas being found, and will convince many that have hitherto been skeptical skep-tical on the subject. It will also attract thorn-ami Of dollars to Suit Lake. II is a direct benefit to the entire community and aspects lft to those engaged iii prospecting ami drilling for gus. .Money willjbe readll) forthcoming fromJUOW ou for natural gas enterprises. The big pouter at Lake Rhone, the pion-tcr pion-tcr gas Wolf, V property of the American |