The Austin weekly statesman. (Austin, Tex.) 1883-1898, 1883-12-20
BUSINESS NOTES.

The prosperous condition of the cot
ton industry in This country is shown
10y the statistics of exports. In 1925
there were no exports Of cotton goods;
IN 1885 the value was s.. S5S,6SI; in
in 1916 it was 81 327, 92S: 1850. So, S57.-
Isl; 1865, 50, ga, 800; 1875, S3,071 1922;
1882, Sl3 pa, 900; and for the first eight
months of the present year, IS, 414. 433.
OF this industry the Economist says:
Americans have driven the English
not only from the American markets,
but largely from the European mar
kets. and even in the English mark cts
we have commenced a not unSuccl, j.
full competition. We do not hope. nor
do we expect, to at once step TO the
front in Eastern markets, under pres.
ent conditions, but with time, study
and patience, our excellent manufac-
lures will gain an mistaken foothold
and compete on anything like even
terms with those of other countries. "
business IS almost wholly among
the brokers and room traders, outside
Investors still giving the market a
wide berth. While there has been ::
slightly improved feeling in the mar
ket the last Few days, and while the
| belief seems ut times to be gaining
| strength that better market is 81 )se
at hand, the dizziness remains, and in
| deed, seems to increase. The worst
| feature of this most discouraging
state OF affairs, is the fact that the
prospect for really active market al
dn early date is not promising. Gov
eminent bonds are strong and active
as are also most of the railway mort
cages.
An iAmense dressed meat depot il
10 be erected in Pittsburg this win
ter. 1t Will be q stock concern, will
Il capital of 100000. The idea of The
promoters Is to crowd out all the cit,
butchers and dealers. The plan is t
rent and to fit up butchers shops il
various parts OF the city, probably 15'
or 200 of them, and supply them Will
Western slaughtered beef, carried
there in refrigerator cars. The com
plny will hold the ownership of thes
new shops. but will let them out t.
responsible parties, who must tax
their meat from the proprietors.
The following statistics afford goo
evidence of the prog ress and materia
prosperity, in spite of the unsatisfaC
tory condition of industry and CON
merce. The cotton crop of the yea
1928 was 6,950,000 bales, againS
5,456,000 bales in 18S1-S2, and 1881 OF
in 1874-75. The consumption OF cot
ton in Southern mills has increase
J from 10000 bales in 1874-75, and 287
COO bales in 1881-72, to $4,000 bales
1928. In Northern mills the 90
! sumption in 1882 was 1,61. ,k
bales; in 1928, 1,759,OO0 bales. III
/ railroad mileage of the United Stat
at the close of the year 1882 was If3
329 miles, the gains within the yc,
beginning 1851 miles, against 97e
miles in 1881. The mileage conss rug
. ed in 1883 will be about half as larG
as that of 1882. In the past year III
{ Northern Pacific was completed, ma!
ing the third of our transcontinent
routes, and the Canadian Pacific Il
; fourth, was considerably advance
f toward completion.
The Bureau of Statistics report {
, the foreign commerce Of the Unite
!, States for the month of October, al
for the ten months ended with TIL
> month, compared with the correspcn
ing periods last year, is as follows:
-