The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-02-08
PARK RECORD JoTTINGs.
''The Valeo Looks Better Today
Than Ever"

''The Valeo Looks Better Today
Than Ever"
The announcement in the Salt Lake
Tribune that a two foot vein of ore
had been cut in the lower tunnel of
the Valeo mine was purely the crea-
ton of the distorted imagination OF
some hit or miss sensationalist. No
such strike has been made in this
property, and the only ore encountered
in the long tunnel is that which makes
its appearance in stringerS of the width
of a half inch and less. The char
acter of the ground through which the
tunnel is being driven is of the most
reassuring nature, and the owners OF
the mine are in iubilant spirits over
the outlook They are secure in the
belief that they have in the Valeo a
great property and as evidence OF
that fact not one of them will part
with a single share Of his holdings.
The effort Of some schemers in salt
Lake to bear the stock the past week
is fully understood in the Park. 1t
was quoted as low as $1.05 in the Salt
Lake mining exchange, but legiti-
mate transfer was not maze. II there
had been the books of the secretary
would be apt to show it by this time.
1t is a well known fact that consider
able money was placed in the hands
of Park City agent of Salt Lake par
ties with which to buy Valeo stock
before the bear movement was lnaugu~
rated. but the scheme failed of fruition.
Very few transactions have been re-
corded, Notwithstanding that the stock
is in strong demand-in the Park at
$3.50 The incorporators of the mine
have pooled their holdings and entered
into an agreement not to sell share
of the stock, until such time as ma
jority of them shall so decide. So
bear movement, even if successful, can
not result in any material advantage
to it's projectors. The ValeO looks bet
ter today than ever.
THE JUNCTION AT SILVER.
c. E. Ford dropped into this office
yesterday and exhibited a piece of ore
taken from the shaft in the Junction
group at Silver City, which looked
showed that it did not belle its looks.
1t carries 100 ounces in silver. The
Junction is owned by Park City peo-
pie and the boys have stayed with the
property through thick and thin for Il
long time, and it now looks as though
their pluck will soon meet with sub
stantial reward. There is a small
vein of the ore in the bottom of the
shaft, and it gives strong evidence of
developing into greater width with in
creased depth. z. II. Buchanan, for
merry editor of this paper, is large
owner in the Junction, and is now on
the ground giving intelligent direction
to prospecting work.
THE SNOW KING.
c. w. Thompson arrived in the Park
Tuesday from the much-advertised
Rosebud mining district in Box Elder
county, where he made his recent dis
covery He brought with him another
lot of fine looking specimens, and says
there is plenty more where they came
from. Mr.. Thompson says that the
vein in his property is nine inches wide,
strong and we'll defined. A force of six
men is employed in development work.
A substantial three-roomed house has
been erected on the ground, and the
men in consequence are comfortably
quartered for the winter The company
has located ten claims, nine of which
are included in the Snow King group.
j. H. Nichols of Salt Lake and Captain
Horn buckle, the latter of whom built
the Mercur railroad, are in the district,
and an examination of the SnowKing
group satisfied them that the showing
was good enough to warrant them in
making locations, which they are now
doing. Mr.. Thompson will return to
Rosebud district Monday. where he
will remain till spring, and he is conf
dent that by that time he VIII have
something uncovered that viii startle
the natives.
THE GREAT ONTARIO.
From a reliable source the Record is
informed that development work below
the L500-leVel of the great Ontario is
up ore bodies Of an extent and
grade that surpass anything ever found |
"a 1Iurar- laxyplG the mine This /
news will gladly be received by Park !
ties and the best of it is the informa- !
ton is direct and perfectly authentic. !
The Ontario will certainly prove as
great a wonder in the future as she
has in the past
CAMP CROSSCUTS.
The sleighing is fairly good, and in
the DAILY West is again |
enc of the Parks regular shippers.
Nine men were laid off permanently /
at the Silver King the 1st of the month. |
No cause was assigned for the draft, |
and the boys are wondering why it |
happened.
w. c. Lyman, president; w. H. West,
vice president, and z. L. Lyman, di-
rector, of the Constellation Mining COM
0any, came up from Salt Lake Tuesday |
to attend the meeting of the directors
If the CORPORATION.
DR.. G. w. Shores and J. L. Thomas,
heavy stockholders in the Creole, came
Up from Salt Lake Sunday on visit of
Inspection to the property. They found
working smoothly and re-
-ur1ed TO the city with their faith in
he ultimate richness OF the Creole
greatly strengthened.
The Anchors shipment this week is
# very high grade-in fact, the equal
If ally ore that this property has ever
Produced. The Anchor has been a good
iieEd to Park City, and the hope is in
iulged that its management will soon
see their way clear to again place the
nine on the Parks list OF regular ship
,ers.
.ENSIBLE MINING REGULATION
BYLAWS Adopted in the New District
of Randsburg.
In the organization: of the Randsburg