26 JANUARY 1861, Page 2

The harvest of 1860 is pronounced by competent authority to

be, on the whole, the most deficient gathered in for the past twenty-five years. The grain is wanting in bulk and weight, and the total loss is not less than 4,000,000 quarters. The deficiency must be supplied from other countries, and will raise our importations from five to eight millions of quarters of wheat and flour, to the further depletion of the Money Market. With large stocks of grain to purchase, and incessant rumours of war, Consols are likely to continue to rule low.