This free knitting pattern shows you how to knit an adorable draw string bag.
Base
Cast on 12 sts
increase into first and last stitch
K1 row
increase into first and last stitch
K1 row
Continue working in this manner until you have 26 sts.
Now K 10 rows without increasing
Now decrease into the first and last stitch.
K1 row
decrease into the first and last stitch.
K1 row
Continue until you have 12 sts.
Cast Off.
Sides
Cast on 74 sts
st-st 48 rows
this can be plain or striped (your choice)
Top
Right side facing K4 cast off 1 st, K4 cast off 1 st, continue to the end of the row.
K4,K1,M1,K4.K1,M1,
Now work 6 rows of garter st.
Cast off.
Make a chain with your yarn, sew up the side seams. Pin the bottom base into place with the sides and sew them together.
Thread chain through eyelets to form the drawstring.
The rest of article with photos is here
http://www.craftbits.com/project/knitted-drawstring-wrist-purse
Other free pattern are located here http://lanahobby.blogspot.com/search/label/knitting%20free%20pattern
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