Bisbee daily review. [volume] (Bisbee, Ariz.) 1901-1971, 1914-11-29
ARIZONA MAN NOW
IN GERMANY TELLS
OF COPPER FUTURE
Former Private Secretary of F.
N. Murphy Writes Price of Red
METAL Has Doubled in Ger
many Since War Broke Out.

PRESCOTT Nov 2s.-In a letter
from T. e. LeJaenne formerly private
secretary to F. NJ Murphy, well known
in Prescott, the writer speaks optimis-
tically concerning the copper pros
poets The letter is written from Ber-
lin, Germany. where Mr. LeJuenne is
now engaged in the metal business, a
fact which renders him thoroughly
competent to talk on the copper ques-
tion from an intelligent standpoint
and with reference to prospects in
country which is one Of the largest
importers Of the American red metal
OF any other in Europe On this sub
ject be says:
Il am not surprised that the large
copper properties of Arizona are de-
creasing their output as shipments
from the port of New York have
dropped to fifty per cent of the usual
amount At the same time the price
Of the metal in Germany has gone up
fully fifty per cent since he beginning
OF the war, and look for still further
advances in price. l believe an iu-
yestment in some good copper stock.
which can be had cheaply now. would
not be q bad idea. as enormous guam
titles of the metal are being used up
during the war, and there is no doubt
in my mind that prices viii go up
sharply after the war is over"
All this is in direct accord with
predictions of mining men in the
United States ever since the deprecia-
tion in the price OF copper at the out.
set OF the war According to reports
not only Germany, but, all the coun-
tries now engaged in deadly combat
are gathering up every piece Of old
scrap metal possible and converting
the same into war munitions. using
the same as a substitute for copper in
war implements which have hereto.
fore been manufactured out Of the red
metal This is on account OF the
scarcity of copper
f. NJ Murphy, speaking on this
subject yesterday said that he was
practically sure this country would
ultimately see a boom in copper such
as it had never known as result or
the conditions mentioned in the let
ter Of Mr.. lie Jueune He also said
that he looked for rapid Improvement
in financial conditions soon, stating
that already the sunlight of better
things in the financial world was
breaking through the clouds OF adver-
sity which gathered as soon as the
war broke out In Europe "When the
war commenced" A" he said. there was
/ an enormous demand for American
/ gold and the balances were so much
against us that it became a herculean
[ task to handle the situation This
caused a depression IN an financial
centers. which affected the business
OF the whole country And from such
a situation it takes time 10 recover.
81 believe. however. that business
has already gone far toward the re-
adjustment of these difficulties, and
/ look for more rapid improvement
from this time forward And AT the
close Of the war the prediction OF Mr.
LeJuenne with reference TO copper
will undoubtedly become q reality"
Asked why the capitalists had not
organized copper holding companies
and continued the production of the
red metal pending the good times
spoken or Mr. Murphy said there was
a very good reason" money was not
available under the distracted condi
tions that we're precipitated when fhe
European guns commenced 10 roar
He would not predict that holding
companies would become the order
p but intimated that when conditions
reached certain stage Of improve
ment such might be the case.