The New York herald., 1879-08-06
THE CROPS IN EUROPE.
HAY AND BARLEY CRoP-DEFICIENr HARVEST
IN FRANCE


HAY AND BARLEY CRoP-DEEIcIENr HARVEST
IN FRANCE.
[BY cABLE TO THE HERALD
LONDON, August 5, 1879.
The Times publishes review of the agricul-
tural prospects in which it is estimated that the
condition Of the hay and other fodder crops
throughout England and Wales is many mill
ions of pounds short OF the average value. In
the principal barley growing district the worth
of the barley is nearer 60 to f6 than f1O per
acre, which has been the average value in other
years.
THE GRAPE CROP IN FRANCE.
The Times Paris despatch says reports from
the Gironde indicate that the grape crop is
much improved, but that the yield will be only
half great as that of last year. The beet
root crop will be forty per cent less than it was
last year.
The Times Geneva despatch says crops of all
kinds in the Departments of Aisne and Jura, in
France, are superb.
THE DEFICIENT HARVEST IN FRANCE AND
AMERICAN SUPPLIES CONSIDERED.
The Journal des Debdts has q long article from the
pen of Paul Leroy Beaulieu the probable deficient
harvest in France aud its effect on the economical
condition of the country The writer thinks says
the american Register, that thanks to the bountiful
harvest almost assured in the United States there
is danger of high prices He ridicules the French
agricutursts on their fears Of foreign competition
which they recently manifested. He says, speak
ing Of the United States 1--WE have in short in that
vast country granary of abundance which frightens
our agricuturists. but which reassures our con-
sumers. We hope that this year there will be no
complaint that America has been discovered that
steamboats, have been invented. without America
and without tho steamboats, the population of France
would have to fast. Abiding to the recent motion
of NJ. Estancen in the French Parliament raise the
duties foreign to 81. per quintal. NJ. Leroy
Beaulieu insists that. had the proposition been
carried through the Chambers. it would have had to
have been Withdrawn for fear of starving the coun-
try" The writer estimates that. supposng the prico
of wheat to remain at 25f per hcctolitrc France will
to expond this year ooof sl25 ooo in
tho purchase of foreign wheat. He does not think
that such u prospect ought to alarm the coun-
try, does he think that there will
be q drain of gold from France in con.
sequence of the bad harvest. He points out that
wheat supplies may be expected only from Amer
lea. but also from Russia and Austria ungary that
u large portion of the public debt of the last two
named countries is held in France. and that, as to
America. its citizens annually spend vast sums Of
money IN France; therefore. he concludes that the
wheat will be paid for. either by the coupons of
tho foreign debts held in Franco, or by tho
personal expenditure of foreigners them
solves. Wheat cultivation is now spread
such vast territories the American CONT
nent over such an immense tract of virgin soil I'm
Southern Russia, the of transport are so great
rapid and easily obtainable that any hing like
great advance In the price of cereals is not to bo
anticipated. With regard to any anticipated dminu-
ton in the wealth OF France consequent the pur-
chase of foreign wheat, il may safely be assumed
that u nation which transferred Ave ,milliards 10
Germany without compensation will not be much
impoverished by the payment of 625, 5,O0oOO0f. for
bread supplies even II that payment, contrary to
all expectation, should take the form of Shipments
OIL btllliou.