The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1875-07-22

Among business men there is an intense
interest conferred upon the few weeks i'm
mediately ensuing which will determine
the outcome of the years production. The
past week has certainly modified the pros
pect very much from what it was one week
ago. Admitting that the aggregate crops
will yet be abundant it must be also con-
coded that the storms OF the last six days
have caused the destruction of many thous-
All the lower counties of the state
have been flooded as was scarcely
ever known before. The water courses have
overleaped their boundaries and deluged
the lands prolific with the wealth of the
husbandman. The harvested wheat has
hoated away upon the driving.currents; to
bacco plantations are torn to pieces, and the
corn is laid low, so that great amount OF it
is ruined. 1t would require columns TO re-
cite in detail the marvellous work of the
waters as it comes reported by the press, of
the counties along the Ohio river. On Fri
day morning at 8 O'Clock, a storm almost I'M
paralleled in its destructive work,
visited the northwest counties, doing
very great damage to crops
which the day before offered promise of
remarkable fruitfulness. Mr.. Parnham
Boswell, great land owner and very old
resident of Benton county, gave his judg-
ment on yesterday that in his county the
yield of corn had been reduced by the storm
at least five bushels per acre. and oats ten
bushels per acre. On the Wea prairie, one
Of the most prolific regions of Tippecanoe
county, many of the crops are completely
ruined, the corn is PROSTATE on the ground,
and a large reduction of the yield
must be the result. Across the
state line in Illinois similar reports
are made, so that these effects are not local
and limited, but assume something ola gem
arsl character This on the eve of harvest
and when very fair crop of wheat seemed
assured and the corn prospect was upsur-
passed, in single week millions of dollars
have been destroyed. 1t can not be other
wise than that this loss will be felt ia the
sum ming up of business influences and
lpon the markets very soon. As matter
If fact, wheat in Chicago has advanced
within the past three days from 81 06 and
Il 0S to 81 1215, and the probability is that
he coming week will see it still higher, es-
,ecially if the terrific thunder storms and
orrents of water continue for ire next
ew days. In the larger portion ofthis state
he wheat harvest will be at its height this
week, and heavy rains will be great incon-
as well as the cause OF immense
oss. These statements are not made to ex-
lite the market, but as matters of fact OF
great Importance, changing the aspects of
rade considerably from what they were one
week ago. During the week past the pro-
vision market has been mostly quiet, but
he close yesterday left better feeling, with
Indications of more activity and better prices.
mong merchants there will not
20 occasion for much comment
or few we 3ks, though the general expecta-
ion at trade centers is for an early opening
his fall. There is nothing in a practical
rav to be said OF money, as that important
Iuhiect has been turned over for the time to
heorists and politicians. Money is plenty
f one has the consideration which will COM
nand IL