The New York herald., 1872-11-05
!. s2S4, ,0el, 7so $685. 40 saeo. o.o7s, 729

Slnce Jan. H.. 1854 780 $32S 40 $780, 729
THE ELECTION HOLIDAY.
The last Legislature having made the day OF the
State election legal holiday, no business win be
transacted In Wall street tomorrow, and the Stock
and Gold Exchanges and the banks will be closed,
as on Sunday. The Cotton and Produce Exchanges
have also voted to adjourn over until Wednesday.
THE TREASURY PROGRAMME FOR NOVEMBER
was announced from the Sub-Treasury this morn
ing substantially as contained in our Washington
dispatches, but was modified during the forenoon
% as to provide for the occurrence OF the Thanks
giving holiday, and now stands as follows:-
SALES OF GOLD
Thursday, November lone million.
Thursday, November 14One million.
wednesday, November 27-One million.
PURCHASES OF BONDS.
Wednesday, NOyember Gone million.
wednesday, November 2o-One million.
Tuesday, November 26-One million.
MONEY ACTIVE.
The money market was more active, owing to q
general disturbance Of loans in the gold market
Incidental to q speculation therein, and the early
rate on call ranged from per cent currency to =
per cent gold, with perhaps occasional transac-
tion at l-32 per day. After two O'Clock there was
Better supply and dealings took place at as low as
per cent, the quotation closing al per cent
Prime mercantile paper was quoted o ~ per
cent discount.
FOREIGN EXCHANGE WEAK.
Foreign exchange was lower by an actual reduc-
ti0n Of rates and at the same time nominal owing
to the extravagant terms exacted for the use OF
gold. The following shows the closing and latest
schedule of rates es:-Sterling, sixty days, 1O72
1881; do. good to prime bankers, 1881 1Osh;
do. short sight, 1O9X o 1097s; Paris sixty days,
hs3X 5.2sk; do. short sight, 5.25 5.2SX; Prus-
sian thalers, 71z 7N; Antwerp, $50 s. 25;
Switzerland. $50 5239z; Hamburg 359s 35zS;
Amsterdam, 39s 40; Frankfort 4O1S a Al Bremen,
s4K 95lz.
GOLD sTRoNa-111% A 1929.
Ihe gold market was frmer, owing at first, to
the smaller amount OF gold offered for sale in the
Treasury programme for the current month, and
later, on squeeze" in cash gold, which was
made worth as much as 2 per cent In this after
uOOns deliveries Some accounts were SO late
that gold was borrowed up to as late as quarter
70 four O'Clock, when the rate paid for one lot Of
$4,000 was x per cent. 1t Is even said that some
private transactions occurred at per cent for the
interval to next Wednesday, to which time all
loans were made, owing to the holiday tomorrow.
THE STORY RUNS
that somebody hoaxed the administration clique,'
"a they call certain set of bankers in Wall street.
with report Saturday afternoon that the govern
ment would sell at least eight to ten millions of
gold this month, whereupon the clique went
'enOrt' OF g0d very heavly, one or the most con-
spicuous bears being recent ally OF this clique,
Jay Gould, who sold out his long gold and went
short about as much more The principal opera.
tors on the ''bulr' side were the
BANK OF MONTREAL CLIQUE.
The squeeze" was an eminent success, as al
ready SHOWN, and the "bearsn who sold at even
much higher than the current quotations for gold
have been shorn Of their profits The "cornern will
doubtless invite the interference again OF MIR. Bout
well to help the Treasury clique. The course OF the
market Is shown In the table,