The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1844-03-21
MONEY MARK EFT.
Wedne sdaY, March 2O-6 y. NJ.

The stock market little frmer to-day. Prices
show some improvement. The sales were to moderate
extent Kentucky 6's advanced Indiana Illinois };
North American Trust Long Island declined ! ; Mo-
hawk Norwich !; Harlem . Ohio est The panic
appears to have subsidized for the present but there
number Of different opinions on the probable complexion
of future The first explosion has been very Sc
vere understand several brokers have been
swept down in the fall Of stockssome of them of some
strength in the street. There is still warm controversy
going relative to the probability Of treaty OF annex.
son-its effects the market-and the discussions and
excements hatlmay be readily produced Thesbalance
Of opinion that the very uncertainty of eur foreign
laions, and the discussions the Oregon, Texas and
Tariff questions will tend gradually to unsettle trade
cause the banks curtaand produce further decline
IN the stock market 1t is much feared that the like
scenes will from the topics Of the pre-.
sent day. that were caused by the discussions the
Northeastern Boundary There is a manifest feverish
ness ahoat.
Within the past two weeks several Legislatures have
adjourned leaving great deal undone they should have
ione doing great deal they should have left undone
The Legislatures of Massachusetts, New Jersey sMary
land, Mississippi, and by this time Ohio and Michigan
have dissolved and the members gone home In Massa-
chusets laws have been passed injurious to the interest of
all stockholders in banks restricting their power
over the institutions they own. The tax on hanks has
been reduced seventy thousand dollars, and that
amount levied on property of other descriptions The
banking capital Of the State reduced S07O00O several
railroad charters have been granted and the differences
between some of the companies already in existence set
led The Legislature of New Jersey have not accom-
plshed much The whole session was consumed in at
tending petitions for DIVORCE and sc 'araton oil coun-
ties law to raise $40 900 by taxation and resolution
the Governor appoint Commissioners to in
vestigate the Paned Bank passed. The last reso'
on is of more Importance than all the others put to-
pethcr II will put check upon the abuses pracsed by
that institution and to teach future legislatures
little experience in such matters The Legislature Oh
MARYLAND adjourned before perectng many eli the bs
before it, Petitions have already been presented to the
Governor calling for extra session, to hnish seVera
important acts that laid over The tax bill was the
only one of consequence carried through successfully
The defeat of the bill sell the bank stocks held by the
state and that auhorising the completion of the Chesa.
peake and Ohio Canal have given great dissatisfaction to
those particularly interested To create strong preu.
dice against the last Legislature and to get mp All excite
ment sucien induce heGovernor to call an extra ses
sion the State stocks wererun down "a per cent They
have improved very much since the disappointment has
worn off little and quotations rule at 7l3 IT, The
Legislature of Mississippi held very short session. The
principal acts of the term investigation int the
affairs of the Planters Bank arepor of its complete i'll
solvency and the passage of tax law to meet the cur
rent expenses Of the eah, and provide as far
possible for the payments OF the bonds Of the Planters
Bank The Legislature of Ohio have passed very few
laws affecting commercial affairs The Senate refused to
pass great number of bank bills sent from the Lower
House for concurrence for which they deserve vast
deal of credit Had either of the two bank bills sent up
from the heen passed the currency OF that state
would have been worthless and the spirit
of speculation would have had full sway The last ac
counts Michigan stated that the bill to Advance IN
| ternal improvements had become law The puonc
works of Michigan have increased in as
ter than those of any other State in the Union retained
by the State and protected they WILL in few years. be
great source Of revenue and of great importance az
| channels Of commune alton with the West
The Boston money market presents no new iea'ure'-
Stocks all firm, and prices show some h"e improve
ment United States bs sold at "a q advance Northefn
| Railroad 623 Lowell 90 advance Maine - Concoro
~ Fitchburg II Worcester 10 Providence % East
| ern g New Hampshire advance. 30 ofered LOT NOT
;cb on for Portland 22 for Reading, and 75 for Long
lsland Insurance stocks firm Manufacturing stocks
are rather quiet in consequence Of the feeling regards
tho new tariff The Lowell companies enlagng their
mills and making extensive arrangements to produce
snufactures a very extensive scale. The an
nexaon of Texas to this country would open another
market for our northern manufactures to supply besides
bringing within our limits another large cotton growing
district It is the policy Of this government TO secure
within the limits oil its jurisdiction the whole Oh the coun
try producing this valuable material the
manufacturers Of Great Britain depend upon thei'
supplies of this article from this country Iney
have made efforts, attended with an enormous ex
pense cultivate the plant within their own posses
sions They have consequently great inducementt '
promote its growth in independent OF this
the Of few years Texas Will become g'ea'
growing section and the importation OF supplies from
that country into Great Britain, would enable the Eng
sh manufacturers to compete with ours more successful
w. and curai the demand for cotton crop This fac
alone IL sufficient to bring forward every party In tn
country in favor Of an annexation, The manufacturing