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Show NEWHOUSE INVESTS 5 MILLIONS. Millionaire Mine and Smelter Owner Shows His Faith In Utah, Salt Lake City. The most gigantic Individual Meal in commercial real estate es-tate ever attempted n Salt Lako City ,nnd ono of the most important, and significant transactions of its lunu mo west has known In years was consummated con-summated hero Friday night, when Samuol Nowhousc, the multl-nillllou-alro miningmagnate? of jfthls city, , so' cured tho llnal option that fives' him control of practically" a. complete half 'block of property Imthejioart of Salt Lake's retail business" ''district and threo big corners outsldo the block In Its Immediate vicinity In nil throo. quarters of a mllo of business street "frontage nnd TOlovcir tidwn-tnwn business busi-ness comers. . v The dearinvolvoH h cohnldefraU6n ol $l,OuO,000, to bcpald out In cash for tho property now held undor option by Mr. Nowhousb within tho next sixty dnys; tho expenditure of $5,000,000 in Improving the property, Including tha erection of two1 sky-scrapers, and fin; illy tho Immeitliito acquisition of more property In tho vicinity of tho hall block purchase, i |