The morning news. [volume] (Savannah, Ga.) 1887-1900, 1888-09-15
HITTING AT THE TRUST.
COTTON FACTORS ORGANIZES a
BAGGING POOL.

The Covering of Last Years Cotton
to be Brought Back and Used IN
Place of New Covering-The Syndi-
cate onto the Scheme, and Bagging
Offered at IA Cent to Ia Cent
Less Than Quotations - Factors
Getting Even with the Big Combine
ton.
1t looks very much as if the cotton fac
tors have solved the cotton bagging prob
lem by going into little pool Of their own,
which is likely to reduce the price of bag
bling, which has been roosting high-too
high to last long.
The secret has leaked out that the factors
of Savannah have been quietly investigat-
ing whether or not cotton bagging used on
last years cotton can be used on a second
crop. They have evidently been acting
carefully, for samples OF the secondhand
bagging were received from Europe, aud it
was found after investigation, that the
article viii answer the purpose. The only
difference is that where the bagging has
been rent, loose pieces, or patches have to DE
placed between the cotton and the outer
covering The cotton ties will keep it in
place, however, so that the cotton will be
as safely covered AID protected as with the
new article.
THE TRUST ONTO TIRE SCHEME.
A leading factor who is in the pool in
formed the MORNING NEWS yesterday that
at least one-haIf of the factors in the city
have joined the pool. They have ordered
the secondhand bagging and expect to have
it here within three weeks-in ample time
for the season. The same factor also said
that the baggiug trust has evidently smelled
a mouse, for offerings of bagging have since
been made at from d to II cent less than
quotations He would not say that it was
offered by the bagging trust, for it was not,
but he suspects that it was some of the syn
dicates bagging Besides, the formation Of
the local pool is having tendency to stop
the further advance OF bagging.
A DECLINE IN TBUST BAGGING.
1t is known that offerings have been made
to factors here, but those who are in the
pool importing secondhand bagging have
but one answer, and that is, 1--WE have all
the baggng we want for this season." This
reply no doubt led to an investigation on
the part of the bagging syndicate. Where
could factors get it but from the syndicatei
They thought that they had the factors aud
planters at their mercy, and find out, before
the season fairly opens, that they have mis-
calculated the genius of those whom they
intended to fleece, who, being put upon by
arbitrary prices, which were advanced at
every complaint, turned to secondhand
bagging as answering the double purpl 50 Of
baling the cotton and circumventing the
syndicate, so that sharp decline may rea-
sonably be expected to follow the organiza-
ton of the Savannah pool.
The bagglng imported will be shipped in
bales, and as it comes from the cotton when
received at the mills it will be just the right
length. 1t will of course require more yards
than the new, as the rents must be under
laid with other pieces.
BROUGHT BACK AT A LOW PRICE.
1t will DO brought here at a much lower
price than the manufacturers OF bagging
are now asking in this country, and the
more of it that is used the greater must be
the decline in the manufactured article for
which the bagging trust has been asking I'M
heard of prices.
Compared with the prices which obtained
before the bagging trust was formed it
would not be profitable to import the second
hand article, but under existing circum-
stances it can be brought here at great
saving The factors are not inclined to
make the figures public at present, or to say
to what extent their orders have been placed.
Prior to the new demand for secondhand
hagging on this side of the water it has
been used in the manufacture of paper, and
when it has served its purpose to break the
backbone of the trust 1t will find its way
back into its old channel.
WHAT THE MILLS PREFER
For nearby mills the osnaburgs are pre-
ferred by the mills, as the weight is less,
but factors say that it will not do for long
shipments. Some Of the cotton coming
into market is not well covered, owing to
the scarcity of bagging aud the mako shifts
of planters. Cotton thus imperfectly COW
cred has to be recovered here by factors.
Secondhand bagging is called 'tares,"
and a factor, who is not in the pool, having
laid in full supply of domestic bagging,
says that his house was offered the "tares'
at 81 cents per pound, duty free, in New
York. He says it is not new idea. by any
means, and that the mills In the country
have reshipped the "tares" to factors, who
have handled it; but when new bagging can
be had at anything like a reasonable
price, the use Of the "tares" is not encour.
aged