Show THE JOHNNY MINE Beporfc of an Option on It With I 8300000 the Figure A story comes from the south that at the solicitation of parties representing represent-ing foreign investors Frank Wilson and others have fixed a price at which they I are willing to part with the Johnny mine at Stateline and that the fguro named in the dicker Is no less thru SSOOOOO a large part of it spot It Is also mentioned in the story that Victor M Clement representing a London crowd Is the gentleman for whom the price was fixed and that he will at least take time to make an examination examina-tion Although the ground has been opened up only to a depth of a little over 100 feet It Is claimed by Wilson who sold the April Fool for 100000 after af-ter taking out about 700000 worth of gold that the Johnny has already exposed ex-posed ores of the value of about 250 POO and that the ore chute Is continuous continu-ous he feels pretty well assured A small mill which has been running has demonstrated the presence of good values val-ues while nol a small amount of the1 highgrade ore shows free gold To Treat New Zealand Ores C Rhodes no relation of the South African celebrity notwithstanding tlv nlmllarlty In names came in from New Zealand where he is managing the mines of the New Zealand Mining com pany Limited yesterday and nCler a few hours with George Moore of the L American Smelting and Tleflniug com pany left last night for Argentine Kan where ho will visit the big smelter and refinery on the banks of the Kaw At present Mr Rhodes Is examining fnto the various methods employed In the separation of gold from its associate metals and having selected oijc will return to his faraway camp to Install it At present his company is i operat ing ab many aa four mines In New Zealand that arc productive of about 50OCO ounces of gold and silver bullion per month Hip product coming out on a ratio of three parts or the while metal to one of the yellow He now proposes to separate them and to that end has Bought this country for the most eco nomical method He reports the dig gings in his country quite active at presrjjt L with a constantly increasing output of gold b Mr Holden Coming Today Bert Holden managing director for the < Centennial Kurcka and United Staler Mining companies Is scheduled to arrive in town again this morning and after looking Into the physical condition oC the properties ivill begin the organization of his forces that work upon the prospective Kmellur may begin be-gin whilo the weather Is favorable to it Indeed there has already been aomu light house cleaning upon the silo which the smelter Is i to occupy on the bunks of the Jordan and once the worl of construction Is begun a very lusy spectacle will present Jtsylf around tncre It Is said that since the exam ination of the properties of the United L States Mining company for which the smelter is to bo reared was com pleted by the Messrs Devertux others have been moisurlngup the ore bodies and that with their findings every opeck har disappeared from the horizon with nothing left to do but to erect the plant and put it Into commission The Centennial Eureka will distribute lid regular quarterly dividend of 1 1 a share or 100000 tomorrow thus making a total of 200000 since January 1st |