The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1892-04-04

The local financial and trade situation has
presented no features OF special interest during
the week. Trade generally is not picking up as
fast as some merchants had anticipated, though
there is a general improvement right along.
The more far-sighted business men did not
look for sudden revival on the approach of
spring, and this class Is feeling much encour-
aged at the present outlook.
Henry Clews, New York banker In his last
financial review, after referring to the fact that
public opinion is constantly rising more and
more In opposition to trusts and pooIs and
every form OF organization tending to prevent
competition and savoring of MONOPOLY. gives
the following admonition to dealers in stocks:
With this prospect before our monopolies
what 10 the market status OF their immense is,
sues? Many OF them are already illegal, and
others are destined to become So When that
result comes, the profits they are now making
out OF an exclusive control of prices will djsap-
pear. The stocks issued by these ORGANIZATIONS
have been "watered" to the extent OF many
times over the true value of their assets; what
then will be the market valuation when the law
has deprived the organizations of the power to
artheialy initiate prices? 1t requires little fore
sight to discover that these issues constitute a
most formidable danger in the future of the
stock market Any day new law or decision of
the supreme court of the United States NAV
within twenty-four hours wipe out tens of
millions of the market value of this
Legitimate scrip, with consequences of
the most far-reaching character The
action OF the Standard Oil in dissoiving ia
trust arrangements is significant warning
Spite OF its enormous wealth and solidity and
its unouestioned power of resistance its ssra-
eious managers deem it imp-udent to face the
omnpotence of the coming assertion OF the pub
Lie will, and the trust is forearming itself by
putting its great interests under some more
normal form OF management. In striking con-
trast TO this prudence, the sugar monopoly, with
no choice between early failure and a more
complete grasp upon the entire industry, is
making another enormous issue of stock at an
enormously exaggerated imitation of its true
value. The flooding OF the stock market with
such vast issues of scrip that has no true and
permanent basis of value cannot be regarded as
anything short OF standing grave menace to
Wall street interests. Operators and investors
should be warned that the chief aim of the
promoters of these schemes is to transfer their
scrip into other hands at the highest posi- BILE
prices and then maybe leave the disorganized
concerns to their fate.
GENERAL SHIPMENTS
. During the past twenty -four hours z GODS and
merchandise have been shipped from Seattle in
the following amounts: By rail--Nor thern Pa
cifc, 2S6 tons; Columbia & Puget Sound, 81 tons;
Seattle, Lake Shore & Eastern, &c tons; Great
Northern, 6S tons. BY water-Mabel 81 tons;
Puget Sound and Alaska Steamship Company's
boats, IS tons; Henry Bailey, 20 tons: State of
Washington, 10 tons; Glide. tons; Buckeye, 8
tons Angeles, % tons; Multnomsh, 80 tons.
Total shipments, GIG tons.
MERCHANDISE AND PRODUCE RECEIPTS
Produce and merchandise have been received
o. the port of Seattle during the past twenty
four hours as follows: By rail-Northern Pa
cifc, $50 tons; Columbia & Puget Sound, % tons;
Seattle, Lake Shore Il Eastern, 23l tons: Great
Northern, IS tons. BY water-City of Puebla,
go tons; Puget Sound and Alaska Steamship
Company's boats, Is tons; Muituomah, 10 tons.
Total receipts, $50 tons