The log cabin Democrat., 1914-08-06
EUROPEAN WAR
 70 hvR! SOUTH COTTON PRICE SUFFERS HOP1E FELT THAT PEACE WILL BHI RESTORED BY MARKET
 ING TIME.

The general war into which prac- tically all Europe seems to have been plunged will work a particular hard ship on the cotton belt, as it will n1ean,, if the war is continued for more than few weeks, that all En- ropeah markets for cotton will be closed and big surplus left on the American markets. Before the New York and New Orleans markets had closed in a panic of selling Friday the price of cotton had fallen about $14 per bale, October future in New York standing at 9 1-2 cents when that market was closed By pecu- liar coincidence, on the day the mar kets were closed the government con- dition report and estimates were pub lished, and were regarded as the most ''bullish' issued in recent years. No attention, however, was paid to them the European situation overshadow- ing everything. A strong hope is felt, however, that with the modern weap- ons of warfare the struggle will either come to an early close or the efforts of the neutral nations Tn be- half of peace will be effectual.
 With the invasion of Frame by German troops yesterday, however, the war clouds were darker than ever before and it seems that only a mira cle can avert the most terrible strug- gle known to history. Today's Ga zette publishes the following summary of the war situation over Sunday:
 Four great powers of Europe Austria Hungary, Russia, France and Germany-are engaged in actual war. Germany and France have not open ly declared war and have not even severed diplomatic relations. The explanation of this would appear to be that Germany and France are each seeking to throw upon the other the onus of beginning war that may plunge all Europe into bloodshed. In fact, while the nations of Europe are flying at each others threats, they are vieing with each other in protesting their desire to maintain peace.
 In this curious situation, France was the last to mobilize and took the greatest precautions to avoid frontier collisions.
 On the other hand Germany, in ac- cordance with invading French terri tory without making formal declare ation of war, has violated the neu- trality of Luxemburg and declines to give any promise to respect Belgian neutrality.
 It is difficult to see how Great Brit ain can avoid being drawn into the conflict to protect Belgian and Dutch neutrality. On this point Premier As quitlls official announcement in par liament Monday is awaited with in- tense anxiety.
 Short of actual formal mobilization the British government is taking all necessary steps to meet a situation unprecedented in the nations history.
 Russia has begun an invasion of Germany Reports from Berlin indi- cate that forces have crossed the bor- der in two places.
 French aviators are reported to have dropped bombs near German cit ies One birdman is said to have at tackled and destroyed dirigible in midair.
 Japanese ministers are considering their relation to the European crisis. It is probable that nation will inter- vene should Great Britain become in- volved
 Iron-clad censorship continues in all European capitals All news of mill tary movements is carefully guarded. Even in London a strict censorship IS being enforced.
 It is reported that Germany has seized two British vessels at German ports.
 The German ambassador to France still remains in Paris.
 News of the progress of hostilities is vague and conflicting, owing to the severe censorship everywhere. 1t IS alleged that the Germans poured into Luxemburg 100 900 men, who will concentrate on the French frontier. Actual German invasions of France occurred at Nancy and Longwy, while a battle is reported to have taken place at Nancy.
 Servia, the original cause of the up- heaval, seems to have been almost lost sight of. The Austrians, according to reports from Nfsh, virtually have ceased operations against Servia Tn order to meet the greater danger in Russia.
 Montenegro has mobilized to assist Servia and is reported to be lombard ing Cattaro, in Dalmatia.