THE HARVEST AT HOME AND ABROAD.

Globe, Volume XX, Issue 1593, 28 March 1879, Page 3

THE HARVEST AT HOME AND ABROAD.

The “ Economist ” derives the following remarks on the results of the harvest of 1878 from foreign sources Tho production of corn during the year 1878 was estimated as follows in hectolitres (the hectolitre —say 22,gallons); -Franco, 82.500,000; Russia, 78,000,000; Gertmit y, 46 000,000 ; Spain, 40,000,000 ; Taly, 38,000,000; Austro-Hungary,4o,ooo 000; Great Britain, 37,000,000 ; European Turkey, 14.000. ; Roumania, 13,000 000 ; Belgium, 85.000. Portugal, 3 000 000; Holland, 1,850 000 ; Greece, 1,750,000 ; Servia, 1,400,000; Denmark, 1,000,000; Sweden, 850.000 ; Switzerland, 680 00C ; Norway, 100.000 ; other countries of Europe, 200,000 ; together, 406,630,000 hectolitres United States, 120,000,000; Algeria, 7,500,010; Canada, 6,000,000; remaining countries ou r of Europe 3,000,000; in all, 553 630,000 h ctolitres. If we estimate the pr >tu f.ion of corn in a got d average year at 567 950,000 hectolitres, Europe alone shows a deficit of above 20 million hectolitres, which, when the harvests of other countries i? taken into consi

i J e-atian, is dimi ishad to 14,320/X)0 hecto--1 tres. As, however, the consumption of vi i us States is decidedly larger than what is produced in an average harvest, an import of corn from 65 to 67 millions hect litres at least will be necessary for the States of Europe this year. In this import the share of Great Britain will be 35 millions ; France, 20 millions : Norway, 3£ millions ; Italy, 3 millions ; Holland, 1,800 000 ; and Belgium, H million hectolitres. How different the proportions in the different States are may be seen in this, that France has sufficient with an import of 20 million hectolitres, that is to say, with what brings its requirements up to an average, while Great Britain, on the other hand, must import 35 million hec'olitrea, in spite of an average harvest. Russia, again, although she may not have an average harvest, can export nearly 17 million hectolitres, but does not herself need so much as 63 million hectolitres of corn. The export of corn from Austro Hungary and Roumania together is estimated at millions. The extra demand for corn in Europe amounts to about 65 to 63 million hectolitres ; this would naturally take some time to cover, if it is taken into consideration that from the collective export of Russia, Austria, Hungary, Roumania, and some other States together, 25 to 27 millions of corn flow into those States of Europe which require it. There remain, then, about 40 bullion hectolitres to import. These 40 millions will be, it is supposed, almost entirely supplied from the United States; the prices of corn there remain normal, and are not likely to be screwed up to such a point, through an unseasonable rise that Europe will be forced partially to circumecriie her requirements.