24 AUGUST 1861, Page 1

Tile harvest of Europe seems doubtful, though that of Great

Britain will be up to the average. In France the reports of drought are only partial, but in Northern Italy the crops, more especially of Indian corn, are supposed to be destroyed. It is possible that there is exaggeration in the accounts as yet received, but, allowing for that pro- bability, Western Europe will still, as a whole, be compelled to import more than an average of food. The short crop of Europe will keep up English prices, but the danger of scarcity seems to have passed away, and if we have to meet short time in the North, that heavy calamity will not be increased by a deficient supply of bread.