The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-07-20
COTTON BAGGING AND TIES.
Eject Of the Tariff ON the Users of
TIIcsc Articles.

- +ba senate conferees do not succeed
an having cotton bagging and ties put on
che free list the proposed tariff will hardly
eject the business in these arti-
[lss for the coming season.
II might be possible, however, that those
nbo have not already bought full sup
riy of these necessary coverings for raw
cotton. will have to pay an advance on
nresent prices. 1t is a creditable fact,
mat the most prominent factors in sea is
land cotton had the forethought to order
their stock early in the season, and have
nearly all of it already on hand.
few months ago English manufacture
ers made offers of bagging on a cash basis
# ordered at that time. They also quoted
,.,so advance for delivery on each sue
ceeding month. In order to get in on the
ground floor, dealers had to pay premium
and some of them took advantage of the
offers in order to be prepared to supply
their customers at the lowest rate.
The sea island cotton factors. as rule,
supply the bagging to those from whom
they receive consignments of the staple,
and in order to control the business, offer
every inducement possible in the way of
the lowest prices for bagging and ties.
The entire supply of sea island cotton
tagging is imported. There is not a yard
manufactured in the United States. Sew
eral years ago northern mills undertook
TO make bagging for sea island cotton and
at that time it sold at "a cents a square
ward. When the crop increased
from year to year; the demand became
greater for bagging, and the price of sea
island cotton declined it became necessary
for planters to look to cheaper market
for their bagging. The northern mills re-
duced their prices gradually, until it was
sold as low as 10 cents. Then the mills
decided to discontinue manufacturing 1t,
claiming that they could not make profit
at the reduced price. The price of the i'm
ported bagging is now about cents
yard.
Bagging for upland cotton does not en-
ter into the matter of tariff. For years
all of the jute bagging used on the upland
crop has been manufactured in the north,
the tute butts being imported from India
free of duty On several seasons, when
the manufacturers formed trusts and ad-
Vanced prices. there were attempts made
to substitute sugar bags and cotton cloth
for bagging. but they did not meet the
demand for iute, and. although their intro
duction had some effect upon the opera
tons of the trusts, the manufacturers
usually held their own and succeeded in
supplying the trade at remunerative
prices
Manufacturers of steel ties have begun
to advance prices. based on the tariff
rates, and during the past month the quo
tations have been increased about 10 cents.
The latest prices quoted for arrow ties is
So to 80 cents 1t will be remembered that
at this time last year the manufacturers
of ties advanced the price about 30 per
cent. which raised dissension throughout
the country. They had held the price
down before the beginning of the season,
in order to keep the English manufactur-
ers out of the market. After it became
too late to import ties and the immediate
demand opened up, they took advantage
Of the situation and advanced the prices.
As in the matter of 'sea island" bagging
those who supply the planters have laid
in a full stock, and the early buyers will
get the advantage of the present prices.
Inc factors and commission merchants,
VINO depend upon shipments from their
correspondents in the country, use every
EFFORT TO supply bagging and ties on the
smallest margin of profit The sharp COM
petition existing between the factors ne
cessltates their giving every inducement
possible to their customers, In order to
hold and increase the volume of their
business