Deficiency of the last harvest in France.
The
European (
Liverpool)
Times says:
‘
The most painful intelligence from
France is the deficiency of the last harvest.
This deficiency it is now ascertained is much more extensive than was previously supposed
France, it is estimated, will be compelled to spend forty millions sterlings this year to make up the deficiency.
The price of flour is rising throughout
France.
We stated recently that large quantities of flour were being shipped from
Liverpool to various ports in
France, and we now learn that sixty millions of francs in gold have been sent to
Russia to purchase grain.
This sad disaster will react upon the
English market, and will affect, more or less seriously, all the grain markets in the world.
Happily, plenty of grain for expertation is to be had in
Russia and on the western shores of the
Atlantic.
Both
Canada and the
United States will be importing largely into
France the moment this intelligence arrives out.
’