Democratic Sentinel, Volume 16, Number 38, Rensselaer, Jasper County, 7 October 1892 — BROOM-CORN TRUST FAILING. [ARTICLE]

BROOM-CORN TRUST FAILING.

Crop-Buyer* Outwitted by Nature and the Manufacturers. The syndicate formed by the large manufacturers and brokers in broom corn early last fall is going to pieces, and the prices of broom corn are dropping fast. The attempt being made to keep up prices and yet unload the large stook of broom corn! which is stored in the Western market cannot be maintained much longer. It is expected that the syndicate will go to pieces during the first of October. The combine bought up all the crop in the States of Illinois, Kansas, Nebraska, Missouri and Tennessee last fall and put the prices from 3A cents a pound up to 7£ and even 8 cents. They hoped to force the smaller manufacturers and others who were not in tho deal to buy at their prices. But the broom corn manufacturers shut down or worked on half time, using up what corn they had in stock, and refused to buy, and the large firms who carried the stock are now anxious to unload. The price of broom corn has dropped from 7 and 6 cents a pound to 5 and 6 cents. Now comes the news from broom-corn brokers that the crop was never better, and this, it is thought, will finally swamp the combine.