The Cincinnati daily star. [volume] ([Cincinnati, Ohio]) 1875-1880, 1875-07-24
From New York.

COniEneTclal EactS ana comm entS-
Last Nights StOrm-A Review of
the Crop Prospects = Criminal
Matters = Escape Of Prisoners,
Etc., Etc.
NEW YORK, July M.-The Express, on
the subject of the commercial situation,
says the reaction in wheat at New York
and Chicago had tendency in the late
dealings to weaken slightly the share
speculation and produce a tirmer feeling
in gold and exchange. For many days
both flour and wheat have experienced
large and continuous advances, and it is
only remarkable that the reaction did
not come before. New York had got be-
yond Liverpool in prices, and Chicago
puts the different markets ON more
equal:footing, and ought to lead to more
business for export. The movement in
breadstuffs has already caused a marked
Improvement in the earnings Of the West
ern roads, ~ ~ st-f.5i' y. 3
The Commercial Advertiser, on the
same subject, says: The sudden and un.
expected start in the grain market,
which was. first noticed a week or ten
days ago, attracts general attention in
business circles as promising better
things for everybody, and not without
reason. These things mean that West
ern farmers have promise of seeing their
crops, both the garnered and the pros.
pective, speedily turn into greenbacks
on remuneratiye terms-that shipping OF
all sorts will find better employ ment-
that more cheerful movement will take
place along the line of the canal and
lakes-that expectation OF specie for the
discharge of obligations abroad will. be
paid, at least in part, by the expectation
of grain as q substitute-and finally, that
the boarded money of our banking insti.
tutions will find profitable employment,
and at last find its way into general cir.
culation. ~,
The rates to Liverpool by steam are
now s against 10A@10H last January, so
that owners OF tonnage are not satisfied,
though every steamer runs full. A large
supply of vessels is greatly needed to
move grain in sight, and q large prospec-
tive crop Of spring wheat warrants the
apprehension that we shall not have
half. tonnage enough to move it in the
coming autumn.
An unusually heavy shower visited
this city shortly before 8 o'clock last
evening, lasting about twenty minutes.
It was preceded by heavy ale, and
while the storm lasted rain fell in tor.
rents. The weather during the day was
extremely close and sultry, and the
shower cooled the atmosphere.
The McKillop ,& Sprague Com
pany's circular Of July 24th, 1875, CON-
tains the latest crop reports from various
States as follows: In Ohio the wheat
crop is short in quantity, but excellent
In quality; Of corn and hay there is a |
very heavy crop, much above the aver
fp.tit ic fn In ~
toes there is a large and good crop. In |
Indiana the tobacco planted promises |
an unusually large quantity, and good |
crop; wheat has been injured, but the |
entire State will not fall more than 10 per |
cent. short Of full average; fruit is a |
failure of hay and oats there is heavy |
crop; corn promises well, though the |
rain in some places as'preyented a thor
ough cultivation.
III Michigan there are excellent pros.
poets Of large crops Of everything, ex-
sept fruit, which will be deficient. The |
wool clip isa trifle larger than last year,
md in unusually good order. +
In Georgia more corn and considera.
,ly less cotton has been planted this |
,ear. Wheat is harvested, and is a |
;ion, and promises well.
In Wisconsin two counties, Crawford
ind Richland, complain of injury BY the
,hinch bug. Both wheat and corn prom.
Sc we'll. -A
In Tennessee the cotton and tobacco
'rops, are better than any year since the
var, aud all grain crops are excellent.
In Iowa complaint 10 made that corn
m low lands has suffered from too much
ain, but wheat, oats and barley will be
large and good crop.
In Kentucky, the esouthwestern- part of
he State promises the finest crops OF corn
nd tobacco known for twenty years.
lay will be- a heavy crop. Wheat Will
ot exceed an average and fruit Will be
hort. In Alabama, Indications are that
be crops of both corn and cotton will
xceed that of any year since the war.
n North Carolina, oats, wheat, corn and I,
obacco promise we'll. Crops Of every
ind, except fruit, will be the best for
everal years. There is increased area
nder cultivation. Ii
In West Virginia wheat will probably Il
al one-third short OF an average, and Ii
,uit is almost failure; the corn and
ats crop will probably be fifty per-. cent.
bove an average, and the area under Il
has been increased: thef I