The herald., 1896-11-29
ELECTION EFFECTS
ON FOREIGN TRADE
Reported by C0nsuls and
Merchants
ENGLAND FINDS BUSINESS BETTER
And Expects Further Improve.
ment this Winter
FRENCH EXPORTS INCREASE
Though Manufacturers Are Anxious for
More Orders
FRENCH EXPORTS INCREASE
Though Manufacturers Are Anxious for
More Orders
Other Nations Ascribe Good Times to Am
ericas Election
Satisfaction Over Silver's Defeat Is
Generally Modified by the Fear of
Legislation Which Will In
crease the Tariff.
Associated Press Special Wire

Associated Press Special Wire
LONDON, Nov. 2S.-Representative
of the Associated Press have been MAX
ing inquiries in vatious British and con-
tinental circles as to the effects upon
trade already traceable to the result of
the presidential election. These inquir-
les have been made among the leading
export houses, at the American consul
ate and of the larger forwarding agents.
In England the Increase in the number
of invoices presented for authentication
at all consulates in the first week
after the election of Mckinley was more
marked than during the second and
third weeks. But the increase for the
second and third weeks over the same
period in October was at many consul
ates over 60 per cent.
Among forwarding agents there is the
general belief in good times abroad,
many of them having since November
made contracts for large amounts or
cubic space. Exporters and large COM
mission houses report greatly increased
activity, which they expect to continue
for some time. American stocks OF dry
goods, etc., have been allowed to fall
very low. The winter buyers, due short
ly. are expected to order heavily
In Dublin the election of Mckinley has
been very cordially received by the ex-
porters, There is everywhere notice
able general expectation of improved
trade during 1897 This feeling is based
in part upon the assurance Of policy
of continuity in monetary affairs, and
<,f -, CT
few weeks of returning prosperity in the
United States One large exporter,
however, qualities this generally held
opinion by saying: international trade
Is dependent upon so many fuctuating
quantities that no absolutely safe pre-
dction can be laid down as to the fu-
ture"
In Paris the increased shipments to
the United States have been marked and
considerable since election. The indica-
tions 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
by American importers conditional upon
the election of Mr.. Mckinley, and that
GOOD
until the result was known.
Another cause assigned for the actual
and prospective increase in French
trade with the United States is that this
widespread anticipation in France OF an
increase in the tariff creates the idea
that money will be saved 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 satisfaction at Nc
Kinley's election, which arises from his
position on the currency question, Is
somewhat tempered, by the fear that it
will result in tariff changes prejudicia!
to the interests of French manufacture
ers and producers.
The beneficial effects noted in Paris
were also reported from Bordeaux. An
immense quantity of merchandise was
shipped from that port to the United
States as soon as the result of the elec-
ton was known. Bordeaux shippers
anticipate a period of prosperity.
In Germany, more particularly i'll
Frankfort the defeat of the free silver
coinage proposition has also been re-
ceived with satisfaction. This is per-
haps the more natural at Frankfort,
when it Is remembered how largely
American national railway and indus
trial securities are held by all classes.
A leading exporter writes: 1T Is gen.
orally recognized that the financial pol
icy which shall most fully secure 10
American national finances permanency
and stability and render the American
people prosperous will be the policy
most conducive to a healthy and legiti-
mate international commerce."
At Dresden the exporters, while ac-
tive, are q little more conservative in
expression. They go only so far as to
admit that the fear of the adoption of a
silver standard has only been temporar-
lily dispelled. Even so international
trade has been already benefited. But
the uncertainty of a new tariff schedule
and the fear of extreme tariff legislation,
combined with the belief that the silver
battle will have to be fought over again,
will cause merchants to move very eau
tiously along the lines of export and i'm
port for some months to come.
The prevailing opinion among the ex-
porters at Zurich and Geneva is one Of
extreme satisfaction with the result.
The situation in Australia Is thus sum-
med W " Nj. Max Judd. consul-gsn.