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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.

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