The Washington herald., 1914-09-09

comes the question OF price. and second
i that Of supplies. All jute. and tute ma
terial used In the manufacture OF bag
ginE for the baling Of cotton comes from
India. Shipments have stopped owing 70
the war and Il Is q question how long
4 period VIII elapse before freight routes
| from the Far East viii get back 10 nor
NAL Jute baEging. or buriaps, suitable
for baIiriK purposes is held at high prices,
/ and the user of goods of this sort is nat
lurally turning to goods which are cheap
er and can be secured promptly.
A EFFORT to night the jute bagging trade
in the early SOS by the Farmers Alliance,
made It quite common for a short while
TO see cotton sent to market in snowy
white bales. The higher price of cotton
as compared with jute, and the greater
adaptability OF. Jute to the requirements
Of cotton bagging prevented the ultimate
success Of the efforts to substitute cot
ton bagging for jute.
Old time members of the cotton goods
trade state that coarse cotton goods can
be turned out much cheaper today than
was the case in the early SOS. and with
Jute bagging.- burlaps, and raw jute at
current prices, and supplies for future use
decidedly uncertain, cotton mills win find
1t pays TO 90 after the trade on cloths for
cSton baling purposes Once won for the
hard, il Is claimed, to take the trade
away. even when jute and jute fabrics get
back to something more like a normal
price basis.
Opening Depends on War.
Demand that trading in securities be
Permitted under restrictions continues
insistent in certain quarters, but there
is not the remotest chance that the spe-
cisl committee of the stock exchange will
change its present policy of strictly en-
forcing the rule adopted when the ex-
change closed more than a month ago
that is prohibiting trading and even
OF making Quotations-until conditions
abroad improve. ,r -'
The stock exchange authorities will
not permit the resumption OF regular
business until danger of financial up
heaval has passed. When trading is
finally renwed II must Oe very nearly
on normal lines. This means that the
governors OF the exchange, men Of expe-
rience, will demonstrate their calmness
and wisdom and not defer to hysterical
demands from unfortunate individuals
for relief
Brokerage houses in a broad sense are
without revenue of any character. High
rents for offices continue, leases cannot
be Cancelled, clerks who are actually be-
ing pensioned are drawing in some in
stances at least a part of their former
pay for which no service is now per-
formed. and the numerous other fixed
charges necessary TO a properly con-
Quoted office continue. To meet these
expenses, there is not one cent Of reve-
nue..
Coal Trade Better.
The anthracite trade is still quite as
active as was expected. There was some
August orders untitled which will be filled
at September prices. the maximum for
the coal year. There has been fairly
active times at the mines some Of the
leading companies working only three or
four days per week and others full time.
1t is believed the output will be more
than 100000 tons.
The line and tidewater trade has been
apparently more active than was ex-
pected. and a good deal Of coal has gone
West, the market In that direction hav-
ing distinctly improved. The scarce size
Is stove. which has commandeG a slight
premium. while concessions were made
in slow sizes. Generally prices have been
quite as well held. or better than usual.
in August The war influence has