If you are knitting a Bag from the Top Down, you can finish the bottom of the bag in several ways. Here's a rectangle bottom done in stocking stitch. You could also do it in garter stitch.
After knitting the bag down to the desired length, pick out 4 stitches for the corners of the bottom. As you work around your last round, work a phoney seam at each corner. This is a set of photos for this technique how to do a phoney seam .
*On the next round, at each corner, work a Double Decrease (see below). Work a knit round.* Repeat from * to * until you run out of stitches on the short side of the rectangle, ending with a Double Decrease round. Turn it inside out and work a 3-Needle Cast Off across all the bottom stitches.
The Double Decrease involves 3 stitches, the centre stitch is the corner stitch.
Work to 1 stitch before the corner stitch, slip the next 2 stitches together as if to knit, K1, Pass 2 slipped stitches over.
Just need to work my strap and I'm done.
-Deb
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