The weekly Panola star. [volume] (Panola, Miss.) 1857-1881, 1870-07-23
Probable Eject OF the War.

ItVuAtAN hahAbh VI INV U0As
The prospect Of on increased demand
in Europe for American breadstuffs, in
consequence of the war, is advancing
prices in this market, and, to q less eys-
tent, in those of New Yefin and Liver.
pool. There Is little doubt that QUOTA
items will be even higher than at present,
as the recent rise in the currency quota.
tons Of our exportable products is but
little moro than the advance in the gold
premium. If the war in Europe should
prove to be of considerable duration,
wheat may touch Sits and corn $t.l0
per bushel, in this market.
Bat il should not be forgotten that the
probabilities are that there will be but q
brief contest. Modern war is so terribly
destructive and expensive, that few ma
tons which have large existing debts, can
indulge in the luxury for more than a few
months, without being brought to the
verge of bankruptcy. A nation which
Is overloaded with debt at the be-
ginning of the contest, as France Is
to-day, and menaced by short crops
and internal dissensions, may be able to
keep up her spirits through a series of
brilliant successes, but could scarcely pre-.
serve them after two or three defeats in
the field. The probabilities are that active
hostilities between France and Prussia
viii not be continued beyond one cam
paign, and may be ended by one encoun-
ter, as was the case at Sadowa.
This Is really m important point for
grain growers and dealers of the North.
west to consider. The crops Of the pres.
cnt year will be bounteous. especially
corn, and large quantities Of The old crop
yet remain in the cribs, while the eleva-
tors of this city contain more grain than
Is usual at this season of the year. The
farmers will scarcely find il to their inter
est TO hold back their grain in hopes of
large advance in the future. 1t will BIZ
much the safer, and will, In all probability
prove to DO the wiser course, to send theil
grain forward while they can realize goot
prices, than TO wait till the opportunity
has passed away, with the return of peace
-ChIcago Tribune, J&y IS.
The wal which has broken out in Ell
rope may possibly be confined 10 the tw,
powers already emhroiled but, from tn,
reckless and careless manner in which |
has been commenced, it IS not unlikel,
, that it may spread to surrounding nations
In great political, or in great physical dis
!, ~tnrhances, the effect is felt far beyond the
| immediate scenes of agitation.
1t does not appear likely that this con
!, test will end speedily. Agreat battle los
t or won on either side, will DO the prelud,
only to another, The forces are nearl,
evenly matched, and the struggle will b
deadly. tits Just possible that the Fronc'
may succeed in their first attack, as the,
} are mercurial in disposition, and muc'
more remarkable for dashing bravery TIA
I their phlegmatic opponents; but such a.
. achievement would indicate nothing as
the final result.
The immediate effect upon this countr
Of this clash of arms will be seen In tn
depreciation Of Il bonds held abroay
+. But we do not believe this result will b
: long maintained. Our national securitis
: rest upon a basis too strong and stapl
, to be affected by panic for on
: considerable period. If, as appear
quite probable, a growing Europea
demand for the surplus of OF
: breadstufis and provisions should folio
the Inauguration of hostihtles, the gre,
West will gain by enhanced prices m
additional markets for It's staple export
n And should the war be either prolonge,
! or embroil other Powers, our merchal
! marine could not fail to be largely benefi
ed, leaving U maritime position, at Il
4 close Of the struggle, far in advance
what II ia at the present. Such was Il
general advantage which accrued to Il
. United Statca during the Napoleonic wa
carly in this century, and the game gen,
raj cause may be expected now to pr
duce the same general result. The COLI
ion OF Europe may thus become the O
portunity Of America. To employ a al