, 1861-10-19

The latest intelligence from Europe represents a
quieter condition Of the English wheat markell, ,but
does not show that the deficiency in the crop falls
below the estimate we formed from our previous
adTices.
The French purchasers having slscksned their
operations, the English market, thus LETT to the
home demand, gaTe way to an extent Of from one
70 Two shil1ngs per quarter }eight bnahels) The
Paris market Is similarly affected, Us are those Of
Belgium and come other countries. Bnt a differ
ent state Of things existed at Odessa, where the
transactions Of the last week In September reached
The hdgh figure Of eleven hundred and forty thon5-
Fluctuations Of markets, unaccompan1ed By any
change IN estimated at the deficient ctopa, can
6nxs e Ma als
cepion OF Hungary, we find no statement ofab1n-
dant crops from any country within the same, or
alleged deficiencies 81 wheat in the British Islands,
in Portugal, Spain, France, and Italy, remaining
substantially 4nGontradfeted as far az our obser-
So far from there being any 1ednction IN the es-
innate of wheat deficiency, We incline to think
dciency is actually greater II France and probably
In Italy, If not tn other countries aboge named,
than the highest estimates, exc pt one, have here
Patrie, which says that the joint deficiency in
France and England may not exceed that which
existed II England alone last ye4r-t; e., about
however, PLACES the deficit far beyond that amount
judy ing from the sum Qorty millions sterliug}
which it deems requisite for supplying the def
thdt journal more than snstsins al We have assert
The most paipial1 j: iatsgs3es 5sosn F5snss i
i i is now ascertained, Is much gTtaisr tsaa
4oas preriousty aupposed. France IT is estimated,
IN Be compelled 2 sRsna torty 9;iigs stsr1iag
to make up the dedciency-au enormous sum,
greater even than the failure which last years
harvest en.ailed npon ourselves " Great BE,tain}
| We stated recently that large quantt-
ties Of -four were being shipped from Liverpool to
various ports in France; and we now learn that
Eix1J millions of francs in go3d have been sent Y
/! react upon the English market, and will affect,
more of leas seriously. all the grain markets n
world HsPi Res3ty Of grain tS ios ezpsrt
shores Of the Atlantic. Both Canads and the
| Tinted States will be importing largely into
France"
eomber in reference to Frenth crops. One OF ite
| correspondents mentions the harvest IS - one Of
TIE ve5y worst the eonnttg has safHsed { tor "a loaS
truth is, the harvest IL very bad one" The
statements of the Reriew add darker colors ever
H. siR5s e ias in
sthe result sppears to be- that tor anything like
te 1syelt east he Year 1 ss'
majority OF farmers declare this tn he cnns:d
erably the wosat Of the no THAT rot only Is tht
yielo@ @ Of 'he year inferior as to quantity
amsli, Light wfthered and dly-16st lie hard 5eia
Ter having done tts work, many agricu1t tar1st
Ro:Eht refuge By sowing II March, ous the IA
" htch in certain localities means bee1). is in til
eame etate as wheat, ard that oats, which prom
ised the best OF the three, have also patGhed q
just s. they were about to be reaps1-thst th
small yield Of corn, giving also Of Course su1al
yield Or straw manure for the coming year, is de
deient and ID The immense ma5odty Of French farm
s thsir M stocE e ofeste III hese th1nss D. afe selioa
and all these things are concealed.
Although there WIS lull in The market an!
Europe, where Is there anything to contro7ert sue
| statements as We have made, and low repeat
presenting the London Times IS authority for
deficiency in France greater eTsn than we hay
A French correspondent OF the London 1imsG
dating from Paris On the 9Th OF September, say
considerable especially asfhe. abolition Of th
. "ending scals comes this year, for the first time
"gal3s quantity, The French wheat harvest IS COZ
..fi1erab,y below the average; Indeed that it b.
been the seautiest known for the last twentyaV
*sAn additional disadvantage" it 1s added, 'see1n
.sto be, that, contrary to other years very litt
remans The geT Of Lat Ssar re sofae
ss nsstsn aaffs Il q sale M nsd eae
. lated that the deficit Viii approach one-tourth
"e1s IN orethird, below the average
; Tic political difficulties involved in the graf
Z delciercy are hnted al In the conclusions Of tt
i. 7Tmes cofteapondent's letter from Paris: The on
the Temed5 against Ills Is Il the greatest posi-
J, Bile publicity Of the market transactions as vi
g ttas Of expectations and importatious. Strans
"it seems, therefore, that just at this moment Il
. "goyernmcnt haf-1 know not from what cause
% ceased to publish the monthly returns of expo
! .t tation and Importation Of g;ssin. They ha;
= The Paris 1adustrial .7ournet declares that !
p French wheat crop ia one.third less IN quanti
aaaltts % ~ *esy poor Il @ Generai, tie ca}.1va1o ID
are diaeontented; son such limited yield y
III added '.itis easy to account for the progret
&s and that rise Il bsead is already raising mu
= dIseontent In France and Italy. The mob IN Q
Of the italian cities lately became 60 turbulent
.e Whtle Il Psrs similar spirit manifested itself
n necessity whieh faduesd Napoleon 70 @eve -,
40 lands where grain can be bought, for preservi
his subjects from suffering, not his throne n
tote.ing Ths latest aexs shoM that PsEs
arrest Of numerous Workmen accused Of partt
At papcy In movements like those which on forn
II occasions 1evelatton5ed @ paris and France vi
n view Of all the ctrcumsts come of Wh1
Id Europe for all the wheat and muck Of the corn Ii
ia can be spared from the United States-onr e
=. being required to ELL the deficiency oecAsloned
III the prevalent diseaae> OF the Eutopesn pota
The demand thus great and widespread =
n. probably 1atse prices go as to compensate the
"a hcle1cy Of the American Wheat crop OF the pres
~ year, gSe great and needed impulse 70 our 81
III ping interests, and meazutab1y supply tof us
in pecuniarJ gap occasio1ed by the cessation Of I
cotton exports for European maEkets.-N.
The Commerce OF Montreal