New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-10-08
THE PRINT CLOTH MARKET.
ALI. RECORDS FOR SALES BROKEN-BROK
ERs ARE BEING FROZEN OUT"
TT

Fall River Mass. Oct (speciaD.-The sales n
the print cloth market have broken all records this
week They have reached over 800 900 pieces, and by
some mill men are estimated 10 BE- nearer 10000
Contrary 70 expectations the price has not been
marked up, and probably Will be until Tues
Gay when the Advisory Committee holds its regu-
lar weekly meeting The Selling Committee has
made the bulk II this weeks sales, though there
have been large operations in wide counts. which
are sold by Individual troasurcrs some Of whose
mills are not at all engaged upon any Of the stYes
that the Selling Committee has in charge.
The principal topic Of discussion has been whether
the Selling Committee parted with extras OF mar
row odds less than pa cents, OF on that basis
On one hand, the brokers are much at sea. They
canno; positively state that the mills did not keep
the commissions. through the operations Of the
committee nor are they certain whether the mills
and the buyers divided the commission. The feel
ing is however. that the goods were billed 10 the
Philadelphia buyers at the market price. less the
commission Of y OF per cent, and taking this as
fact the Selling Committee has been criticised
somewhat severely to-day, the contention benB
that to give buyers the commission means the
breaking Of the market. Il the gossip OF the
Street to-day that the Philadelphia purchasers
were men who have exhibited an aversion to the
Selling Committee ever since the same was organ
lied and these men are large buyers at times
the committee sought 70 have them re-enter ms
market as regular customers by granting them the
OF goods without commission loses money for
the mills who would have to pay the brokerage II
the purchase came through the ordinary channels,
but II has developed the suspicion stated. that
the market IS practically of 2 Of per cent. and It
has led 10 a sore feeling among the brokers The
sale IS supposed have been about 100000 pieces.
How many Of these We're spot goods IS not known,
but II is believed that only small proportion
we're for immediate delivery, the rest being con-
tracts 10 January. The sale has led 10 the sus-
pcion that the Selling Committee is COINS TO do
business direct with the buyers. NOT particularly
for the purpose Of freezing out the brokers as for
the purpose Of keeping the details Of price and the
volume OF trade away from the general public.
Some OF the Advisory Committee have been In
New-York and Philadelphia during the last week
for the purpose 1t is said Of getting back into this
market.
The printers who did not get into the combina-
ton bid Of last April had TO pay the pegged prize
after the big sale. which sent the market 70 "a
cents until October |. The transaction saved 5000
70 the buyers and lost that much 10 the brokers
and indicated saving that Will probably be
ATTEMPTED under the new condition Of affairs IN
the mills. Members OF the Advisory Committee say
that It is not the intention to deal IN the market
without the brokers' but the transaction this week
seems 10 notice the brokers that As far as
possible their services will be dispensed with. u
order that the business may he better controlled
and kept within the knowledge Of q few men.
Brokers said 10 be looking up outside markets
in which to place orders but this is much more OF
a surmise than e fact. Brokers did 50 per cent OF
the trading this week The record breaking sales
and the largest UP date for week have had
little effect on the matter OF a trust bid Mil men
seem 10 have forgotten al about the syndicate IN
the activity OF the market Most Of them say that
the syndicate has peteTed out anyway bur the
singular Of the situation that at to-days
auction sales stocks sold off a point or TWO
from last Saturday. and this IN the face OF the