, 1860-07-16

"With these liabilities hanging over The
French money market, IL il cledr tkdt Eodns for
,oor pusposes toxid only h raistd at sueh sacs.
foe 10 ~ eoznxntty, dnd BY such an iajurious
posfpohsHaent Of The 1ssistdncs promaed to i'm
portaxt coTnmfrciai insertsts, that it would ap-
Emperor to fush into an unnecessary war
But the most important suggestion Of our
London contemporary is IS to 'ruE GRAIN ouKs'
rloR, AND THE NEW FEATURES OF AMERICAN SET"
FIJI" wherein he BaTs:
"IHs +anstdsondbit tcedther brings tn question
Of tAtsuep'y cf grai. TO tie t.Efaee: 4 eaa
hasp6st tcoutd b. PARTICULARLY lNcoSykNIlSf
TINS sEAsoa. THEnE Is NO SAYING WHAT TUE E1-
1oEsc1Es or TUE PUBLIC BEnvlcK NAT ns nEFoRK
THE YxAn IL ovkR."
In case this contingency should arise. the
writer then says:
"should, unbappily, our harvest fail, and it
be necessary to import large supplementary
f}denoe to t6e barns and store houses and ele-
vators' Of the Western States" =.
And again he says:
"a good deal has been said about the prob
pect Of late and deficient grain harvest, but
sufficient attention does not seem to have been
di' ected 10 the eflect-9ess important. it is
-taue, yet still considerable--of u prospective
d Efficiency in tho Hay crop. Owing to the long
continuance of cold wet weather, the grass has
AZ luired neither the height nor the weight
usual at this season, and there is reason to mp
prrhend that when the hot weather now due
sets in the forcing process to which it will sud
d. nly be subjected will not do much to improve
theprospects Of The farmers snd grazle1s. But
there ia another feature which points in an
equally strong manner to deficient hay crop.
The stocks Of fodder are 80 completely ex-
hausted that it has become necessary to have
recourse already, to an unusual extent, to the
growing craps Of grass" ......
These remarks are cotemporaneous with q
costly war now going on between England and
France on one hand and Chlna on tue other.
At the same moment We are advised that numer-
Gus American aud other ships are chartered at
high prices for conveyance Of troops to the seat
Of war. As quoted in our last, from letter
duted Bombay, May "a:
"Ships are making fortunes now. Large
ships get from here to China 100, 900 rupees and
over. The passage can be made at this season
cept sailing, to bs paid By the charterera. We
| hare tweiye American ships in port Nearly all
will leave within nweek."
! Avar ter thousand miles oH-a bad hatTes,
| heavy Government lonns in prospect for ths
| Continent-ali these point to the probability o
severe disturbances Of the European money
! market, md consequently our own.. Hence t1t
Importance Of caution on the part Of our bank
inE institutions and capitalists. They are no"
strong and they should Keep SO. The Lonoof
7imes paris correspondence) Of June 27sh' re-
The Weather has changed considerably fol
the better within the last two days, and it Is te
BE- hoped that i will continue .i rs ing fas q
the wheat crop, which is now in blossom. The
accountsreceived from the south Of France con
tinue TO announce the favorable appearance o.
the growing crops. The reports from the whta'
growing districts in the neighborhood Of Pari'
represent one.thi1d Of the wheat crop, 10 be e1
ceilent, one-third passable aad one.third bad
Al viii depend on the weather; Ecorchinl
sun ia now as much dreaded is rain. Letter.
from Algiers state that the wheat crops Of tht
province Of Ozan was much Injured By the CT
cessiye heat, which set in ut the moment it wa:
arriving at maturity The last accounts from
the north Of Italy announce that the wheat cto9
is rioening. hut that the present LarEest canno
be reckx med among the most abundant. Th'
news from Germany announces that the con
stant rain has seriously injured Tue rye crop
This is the more unfortunate as The people o
Germany rely upon that grain for their suosls'
ence.