The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1849-11-13
Our Philadelphia Correspenasnc..

PHILADELPHIA, Nov. IL ls49.
The Balls and Bears EauIi-7ne Late Operefions in
State Fires-John Bal IN the Market-.7myssmsnts-
Stocks, Markets &c.
The continued steady demand for State fves accom-
panied by large Gales and adasnce In price, while Il
has astoundnd the bears, has puzzled while IL has
pleased the sapgune bulls IL Is one Of those financial
mysteries that few solve while all are prompt In
assigning the cause for result tory to nearly
all parties concerned except the buyers Some have It
that the demand aud advance ore in CONSEQUENCE Of
the State Tree being in the market a. heavy
purchaser others attrbate IT to the remarkable al
vance In cotton and others again are equally certain
that the cause is to be found in the influx California
gold, and the consequent seeking OF investment by
capital. All these causes combined would, no doubt
iavorably Affect all sound securities But the imme-
dae cause OF the advance in State ves IL beyond the
ken OF Third str ct brokers bankers sd as
they are, and we'll booked up they contrye 10 be
The truth sand my information Is DERIVED from tina
IN ner temple OF the money that the large
amount OF PENNEY aua hyes which has been
In tie New York and Philadelphia markets during the
lhst week. has been bought on English and Dutch az
count, 70 hl orders which received by the steam
chip HibsrEia Large as the purchases have been,
tho,e oidsrs have not been aed up by considerable
amount and il T. shrewdly suspected that the nomi-
nal quotations Of State nyes. the other side OF the
Atlantic. have been made with n view Of facilitating
the operations Of the foreign purchasers nov Ia
our market Bull. 10 seems. is some what dagus tea
With hs late operations in railway shares aud hayas
tupefahundanee Of money at the present time,
aud no foreign enemy on his hands. he has con.
cluded TO speculate; ard as cotton aud State ayes
aiofd vide mars In tor profits he has entered the
market Win bis usual liberalty aud as line will
show, with his usual tbstnary OF purpose
The news which reached yesterday In the rerul,r
and extra editions ot the Herald all parts of the
world. literally Electrified the whole city aud IN,
woishippeTs at the various sancusrrs had more Of
nsnmon than godliness In their thoughts Verify the
dsys Of speculsinz in town lots and water lots bank
ftocks aud railway stocks, nt hand This lons
hrshed cooling notes of brokers bankers dpaucisrs
and spectators, again heard; aud IL there A. any
faith To be placed In prem sntoy ptons the wear
1850 will be az remarkable for expansions and explo
stems enormous frtuues made aad lost as the sgnd.
ling years even Of 1885 and 1886.
Nr. and Mrs. Conner have met With 40 much sus
oSt at rarnuns that they have been re engsspi for
grtthcr week. Mrs Cushmsa closes her engagement
at tie Walnut en- Saturday evening next Mis- Daven.
port ditto az the Arch. Dempsters farewell concert
taxes place on wednesday evening. Miss KiInbesley
gives Der t'Ird reading 90. morrow evening"
The foreign news has had other effect on our mar.
kets than eighty depressing bresdstus aud tlasnipr
cotton the holders Of the latter having pus up heiy
priees-but purchasers have not yet met their vews
iehow corn has declined cents per busheI a small
sae having been cfs cted at 90 cent?
The taes at the stock board we're Largo tbis ,orn;,
the market coting buoyant Annexed are the sales -
First Boord.- SSCOe Reading Railroad Mort Dds
% 10 she Girard Bank. 12i4; Kentucky Bank 1851
SOU y Loas, us, &c, les $1,000 Ciiy Ga rs Ios
5000 State 6's 1o0k; $1,000 Tennessee Bonds $50;
5000 do, S5k; 200 Wilmington Railroad ga sgr
Second BoardS1bc0 State Sc, 100f $1,000 rbssspcate
ana Delaware Csnal; 6s; s9fi $1,000 do s9'l; $1,000
Lehigh &c t6'i; 4 chs Philadelphia Bank l2sL, $4,000
I. s. Loan 6s 'G7 I1slk loo chs T. states Bank 81
10 ths. New Orleans Bonds ll2lS; i6 Commercial
Bank EEK ~ - N'"a