International: Scorched Earth

Although few Americans are aware of it, the world has just suffered a major crop disaster. But United Nations officials who are figuring how to feed Europe's starving millions and how to stretch the world's limited supply of shipping know it well. The Southern Hemisphere has had a five-months' drought and its two chief food-producing countries, Argentina and Australia, are hardest hit:

Argentina. This year's estimated wheat crop of 156.000,000 bu. is about 60% of last year's; the 76,000,000-bu. corn crop is 22%. Other grains are hard hit, but because of considerable carry-overs Argentina...