The copper era and Morenci leader. [volume] (Clifton, Ariz.) 1911-1929, 1914-08-07

Like a thunderbolt out of a clear
sky came the announcement this
week of hostilities among European
nations giving promise of the great
est wars since the time of Napoleon.
Battles on sea and land have already
been fought and all nations of
Europe are mobolizing their immense
armies preparatory for any unseen
developments.
The opposing countries now In bat
tie array include the German Empire
and Austria-Hungary, who have made
common cause, against Great Britain,
France, Belgium, Servia, Montenegro
and Russia.
Latest dispatches state that Spain,
Italy and Turkey are holding aloof
from the conflict at present.
Contrary to expectations Italy has
against Great Britain and France.
The first great battle of the war
has been fought at Liege, frontier
town of Belgium where the Belgians
opposed the division of the German
army marching through that country
toward the frontier of France. The
battle has lasted for the past three
days, the German army withdrawing
to await re-inforcements which are
coming. Belgium was considered
neutral territory but its neutrality
was openly violated by the German
army in their eagerness to reach the
French frontier.
Formal declarations of war hax
been made between France and Ger
many; between Great Britain and
Germany; between Servia and Aus
tria; between Russia and Austria and
the German empire and between
Montenegro and Austria. 1t is ex
pected that fifteen million soldiers
will be arrayed against each other.
Uncle Sam Neutral.
President Wilson has issued the
customary proclamation of neutrality
on the part of this nation and has
offered the "good offices" of the
United States in an attempt to restore
peace.
Owing to the heavy liquidating
by the dumping of Euro
pean securities on the New York
market, the New York Stock ex-
change was closed the first part of
the week followed by the closing of
the principal exchanges throughout
the United States.
Secretary McAdoo of the Treasury
has been constantly in New York in
with bankers. To meet
the emergency $500, 100000 In cur
rency has been issued by the govern
ment and more will be issued If nee
essary. Government officials and
bankers are agreed that. there is no |
Danger Of a panic in this country.
Local Condition.
Owing to the fact that Arizona Is |
he greatest producer of copper in the |
United States, and the European |
market for copper being cut off, this /
;tate will more keenly feel the effect |
# the war in the beginning than any
'ther state in the union. The policy i
# the copper producers of Arizona
nd throughout the United States is
ne Of curtailment of production and
his will mean a dull period in Ari-
ona for the present, the extent Of
yhich remains to be seen as the war
Other states where
and agriculture are the h
lain industries will experience
eason Of prosperity at the beginning Il
the war in Europe occasisned by II
ne great demand in this country for n
upp1ies of every description. The ]
European market for COPPER has been
1iped cut with the beginning OF hos i
lities. No copper can be delivered {
/ Europe as 1t is considered and IL
~
opper market therefore is confined {
, the United States and South e
merican countries. c
1t is the intention of the copper pro- I
ucers not to pile up surplus of cop t
er and curtailment Of operations G
ave been ordered as a consequence. g
here will be no complete shut down '
copper properties unless the very t
orst happens. q
Carmichaels Statement
During the week the general mana 1
ers of the Shannon, Detroit Copper g
ompany and Arizona Copper company q
ave been in Phoenix appearing be- c
IRE the State Board of Equalization.
Just as the Era goes to press the Ip
blowing statement was received by s
ire from General Manager Carmich-
Ell: 7
he Copper Era, t
Clifton, Arizona. t
Replying to your enquiry by wire. 1
he war in Europe has caused a stop t
age of all shipments of copper over t
lere as copper is contraband of war.
ixty-fve per cent of the copper pro- S
uced by the United States Is export 1
d to Europe. There Is now no market 4