The Providence news. (Providence [R.I.]) 1891-1906, 1896-11-28
Has Been Most Beneficial in
Industrial World.
Exports to This Country Have In
creased Sixty Per Cent.
Belief General That an Era OF Good
Times Has Been lnsugurated.



LONDON, Nov. 2s.-Reporters of the
Associated Press have been making in
quiries in various British and Contiuen-
tai trade centres as to the effect upon
trade that is tracea bic to the election re-
suit In the United States. these inquiries
have been made among the leading ex-
port houses, at American consulates and
the larger forwarding agents. In Eng
land the increase In the mum ber of in
voices presented for authorization at all
the consulates in the tirst week after the
election of Mckinley Vas more marked
than during the second and third weeks.
But the increase for the second and third
weess over the same period in October
was at many consulstes over go per cent
At all the consulates the percentage OF
increase its expected to continue.
Among the forwarding sgeuts there is
the liveiiest belief in good times abroad,
many of them having since the Novem-
Der election made contracts for large
amounts Of cubic space. Exporters and
large commi ission houses report greatly
increased activity, which they expect to
continue una abated for at least six
months, American stocks of dry goods,
etc., having been allowed to fall low.
The winter buyers, due shortly, are ex-
pected to order heavily.
In Dublin the election of Mckinley has
been very cordially received by the ex-
porters. There Is everywhere noticeable
a general expectation of improved trade
during 1897. This feeling is based in
part upon the sssurapcs of a policy OF
certainty in monetary affairs and partly
upon the indications of the past few
weeks OF returning prosperity in the
United States. One large exporter, how
ever, qualities this generally held opinion
by saying: "International trade Is de-
pendent upon so many fiuctuating guam
titles that no absolutely safe prediction
can be laid down as to the future"
In Paris the increase in ship ments to
the United States has been marked since
election. Indications in trade circles
are that the exports during the next few
months will be heavier than for long
time past. This arises partly from the
fact that many orders for merchandise
had been given out, but were conditional
upon the election of Mckinley, and that
great many others had been withheld
until the result was known. Another
cause assigned for the actual and prespee-vI
tive increase In French trade with the
United States is that there is a wide
spread anticipation in France OF en- in
crease In the tariff and it is thought wise
TO anticipate such au event by large ship
ments OF French goods to the United
States while the existing schedules re-
main In force. so far as can be judged
by the expressions of exporters doing
business through the United States con-
sulate at Paris. the qualification ut Nc
Kinley's election is lessened by the fear
Judicial to the interests OF French man
ufscturers and producers.
In Germany, in Frankfort particularly,
tho defeat OF the free silver coinage pro-
position has teen received with express
sion of delight. This is perhaps the more
natural at Frankfort, when It is remem-
bered how largely American National,
railway and industrial securities are held
by ali clssses. The advance In values
which has followed McKinley's election
has produced so much satisfaction that it
cannot fail TO have large influence on the
volume OF exports.
a leading exporter writes alt is gen.
orally recognized here that the fscel
policy W wbich shall most fully secure TO
American National finances permanence
and stability and render the American
people prosperous. will be the policy,
most conducive to a hesltby and legiti-
mate international commerce"
At Dresden, the exporters, while active.
are a little more conservative in express
sion. They 60 only so fer as to admit
that the fear OF the adoption OF the silver
has only teen temporarily dis.
pslied. Even so, international trade has
been already benefited. But the fears OF
n new tariff schedule and the fear oi ex-
treme tsrin legislation combined with the
belief that the silver battle will have 10
no fought over again, will cause mer-
chants to move very cautiously slong the
lines OF export and import for some
months to come.
Tss prcvsiiine sentiment among the
exporters OF Zurich aud Geneva is one CT
extrsme sstisfsction at the result.