The Austin weekly statesman. (Austin, Tex.) 1883-1898, 1885-01-15
BUSINESS PROJECTS.

Ird;cations in almost every branch
Of Industry begin to she W thai bust
ness revival has already begun. In
the east, especially, real estat5 is again
and a good many Industries
that have been inactive are beginning
to take new life. Railway building
is starting in quite vigorous manner
in many portions Of the Union, AMI
the iron mills, in which business has
been at so low On ebb for so long IL
time, are beginning to put on activity.
Notable, as-evidence of such revival,
are the late heavy advances in grain
and provisions. Cash wheat has al
yanced to-over ninety cents IN Chi
cago and st. Louis, when not long ago
if was down to seventy cents, While
futures are bouyant aud higher. Corn,
oats, rye, flour, hay. and almost
all the great provision staples have
advanced. Aside from these indica-
lions, there are none more Certainly
suggestive Of better days than the
news which. has come to US from
PittsAPe, that tbe iron mills OF that
place. many of which have been iylng
idle, have begun operations agalo.
All Of them will be moving ina lew
days, with orders ahead. In the las
few DAYS, too, the cotton factories OF
New Englande have been resuming
operation, while, it is said, all those
at Baltimore are again under fuiI
head, with plenty of orders to Keel
them busy. Ali the Virginia tobacco
manufacturers are preparing to rur
their establishments with full force
and they express the belief that trade
will be active enough henceforWarC
to keep them well employed. A PITTS
burg iron manufacturer shows con
clusively that the lowest point In TIT
iron and steel depression has beer
reached, and that the reVlYa
is destined to be decided
and permanent. Wages in the the mill
| cannot be advanced at once, but tn,
operators are willing enough to re
sumo labor a. old rates, hoping 10
better remuneration in the near III
ture. We have before insisted, tina
with the abundance of crops. and VIII
all the natural resources of this coun
try,great permanent financial distres:
| is impossible. In such country, witt
resources constantly being developed
there must necessarily be suspende.
activity for only short period. WIFI
revival of business there must surel.
follow renewal Of confidence, ant
| with this a ne and brighter era Q
prosperity must exist. There is MOI
money than eyer before. 1t has simF
ly been locked up by the capitalist
who have been afraid TO trust it il
the hands Of business, involved Il
unremunerative men. Hundreds o
millions of money have beer
hoar4ld, and when it is again
turned loose, to become productive tn
country will advance more rapid.
than ever before. In Texas the revi.
val has begun. The crop has BE-
marketed and the differences betH''
creditors and debtors have bee =,
justed; the cattle men have set. 4; III
their hsa Wy baI5~rcc00nts; our 44iI
44-eay Companies are putting exten
sions of lines under contract, and tht
general belief prevails that 1885 is t,
be year of plenty. Should the legis
lature provide for the more certain
utilization Of our dblic lands, and re
duce the expenses of government, i
will have added its quota to the caus
Of a renewed prosperity, which at tn
end of three more years mag raise Ii
taxable values of Texas to one billion
| dollars