The New York herald., 1871-11-13
RINANVIAL and COMMERCIAL.
WALL 1THEET.

ID NVHsas.ssf Nf.c a. ass SUNDAY NOV. IL l65l.i
Tho Intervention OF election day and the wider In
terest taken In the canvass ON this occasion rem
dered trade ess act,ve the past week. but some al
lowanoe ID Of to 30 made for the natural de-
cline incident to the season The uptown trade has
been slack on account OF the hne weather, but with
sucn temperature as prevailed Saturday we may
have better accounts next week. The retailers arc
beginning TO thlnk OF holiday ass0rtments. ana
would doubtless be moro engaged In that way were
their winter goods little lighter on their shelves
Downtown there mas been iair trade In exportable
products without important change IN prices N
eI.s uae THE MONEY NAKKET. sl
The speculative relaxation given tho money mar
ket BY tine clique operators has been followed BY
relaxation which has every appearance Of being
natural All VIII remember the experiment Of
making piece OF iron magnetic BY the steady ap-
plication OF . loadst0ne. The cliques have 40 re.
slstcd q stringent working OF the money market
that Il lost It's rigidity, especially as during
these efforts time given for moderation OF the
extreme caution with which capital was seized i'm.
mediatey alter the Chicago connagrarion. the
many Insurance companies In tine Middle and
Eastern States who hal risks In the nre are pre-.
paring TO pay Losses at the end Of the time stpula
ted In their various contracts; and New York being
the centre Of the domestic exchanges is temporarily
the recipient or the money deposited Tor these settle
ments. Borrowers on coll were supplied at i've TO
Six per cent with exceptional transactions at four
anu seven per cent
Prime mercan lie paper was easter OF sale. and
rates which previously had ranged from to Is per
cent settled to 10 II per cent Tor actual business
during the week. RwsrN ~
Foreign exchange closed steady ON the basis Of
1851 l0SX for prime bankers sixty day ster-
ling and l09x o loJ51 Ior sight bills. sss II
.fag s J THE STOCK MARKET. 8s ,'spnn
tina nteuaetOn m tne atOOk ularkAt undorW0nt no
important chanRe either n regards the relations OF
the speculative elenents of the street Or In respect
to prices which were - . rule better, however.
The general ana common understanding u that
clique usually bearlsh In sentiment are now largely
interested In having higher market but their posa-
taon 10 regarded with apathy ana tndinerence, and
excltes wish ON the part Of the street 70 begin
speculation q point which wouid be decidedly
advantageous starting point for them. The delight
and confidence inspired bv the result OF the election
communicated strength and 0uoyancy or, Wednes-
day, and might have been more useful In the same
direction had not the Ciique, or some OF their less
patient parrlsanA sold our great deal Of stock
on the rise rhe latter half OF the week was In.
tensoy dull, aud given over entirely 10 Q brokers'
market There is thus only one organized party In
the street. The numerous p00s Of last summer are
scattered, or represented at best by small rem.
nants, who, having lost portion Of their bonds In
the panic ana possessing btl bHlall JuCcToStv are
doing nothing to help rise for. curious as It may
seem, when the average speclIster. holding thou
sand shares Of stock, Is compelled to part with nve
hundred Of It, ne would rather have the market
still 60 down. In order ne may get rack mis- last
hve hundred. than have the Market rise and give
him certain profit on his retained fve hundred.
the numerous so-calied vanderbilt cliques are in
just this position. They are afraid to buy
bGck their stocks a. present prices lest
the market should 20 down. and they
don't wish the market to rise unless they have all
the stock they possessed before they were shaken
out Dv the Chicago panic. Whatever the extent OF
their present interest In their numerous speciales
they seem have kept most OF their Western Union
Telegraph, which and Lake Shore both preserved
most OF the Improvements of the week.
re THE GOLD MARKET.
Tho gold market was weak and declined under
the succeeding influences Of quiet and satisfactory
electlou ana tho gain OF bullion by the Bank OF Eng
land and Bank OF France. the cotton crep is aso
coming out moro freely and 10 quantities. promising
larger yield than was anticipated. The extreme
fluctuations daily IN the price OF gold during the
week were as follsws:- seT a8aN5 s