The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1861-03-06

dpced many 70 SELL After the frat board ser,
Of panic prevailed for some time, sad leading
stocks like New York Central declined / per
cent making the total decline since the early hour
e. the morning ~ per cent. After this there was
rather sharp rally, then smother decline and
the market closed weak. The whole question of
the future of the stock market seems to turn On
the Interpretation which must be given to the In.
augurA Message Of President Lincoln. On the
face Of 1t it looks like declaration of war against
the South, and il seems hardly possible that the
Southern people can help attacking tie forts after
SO plain an enunciation Of the policy Of tho
new government. But, on the other hand, il 10
noticed that while the President promises to COL
iect duties, he does not say when he viii begin to
DO so, but on the contrary eulogizcs delay: and
while he says be will execute the laws he adds the
important qualification" wherever this is prac-
tiosble." Again, it is positively asserted BY the
friends ofthe Southern revolutionists that no attack
viii be made on the forts, at all events for long
period Of time to come; a. such an attack would
be quite likely to deprive the South Of all the
friends they have not only in the Northern but in
the border States also. These conflicting opinions
constitute the staple Of the arguments Of the bulls
civil war, stocks could not fail to decline But
If Mr.. Lincoln's inaugural is weli received
in the border States, and no overt act of war is
committed until further breathing time shall have
been afforded to the cotton States, 1t seems to be
expected that they will rise. The following were
the closing quotations Of the day United States
SIS 1874, IS $50; Indiana SIS, S4S; Virginia 6s,
Is a rs; Tennessee 6s, 72T Is; Missouri 6's, GA
8424; Canton, IA l51S; Cumberland Coal prefer.
red TX; Pacific Mail, 81 s4l4; New York Gen.
trsl, n 771s; Erie, 3O54 3lh; Hudson River, A
a4414; Harlem, Is I5144; do preferred, 3sI. 80;
Reading, Az 42s44; Michigan Central, 5614 56L;
Michigan Southern and Northern Indiana, l4L a
Is; do. guaranteed, 3411ls 34s44; Panama, ll5%
lie; Illinois Central, 1875 1874; Galena and Chi
cage, 695S 6924; Cleveland and Toledo, SO 33l<,,
Chicago and Rock Island, 565s 56s4; Chicago,
Burlington and Quincy, 70 y0ll; Delaware, Lacka-
wanna and Western, SO; Illinois Central bonds, Us,
81 a 9714.
The following rather remarkable circular has
been issued by the well known firm of Messrs.
Edward Lambert & Coz
GsN1nEN--As you doubtless have learned, the storm
proved too much for Our senior, after paying for
twenty years disbursing millions Of dollars, finds him
se through this unfortunate agitation unable 70 meet
Aside from the extreme pain and modification incident
70 such misfortune, At Is doubly 70 like
selves whore willingness to sacrifice our all TO pay our
just debts has ever been our pride and ambition.
Tho worst feature in the present unfortunate state Of
things 10, your best friends 10 metropolis the
greatest sufferers" II the ruin had only fallen those
VINO were instrumental IN bringing these evils tho
country, Abe punishment would have rested where u
ricoiy mered Ours, gentlemen u no ordinary default
You can testify 70 the prompt honorable and pleasant
rs TINT has characterized business relations. We
have esar aimed 70 DO Just, not seciiona lending no
counteuance to the miserable policy that would endorse
particular of political views, either North South,
with view OF buying favor Our course az you know,
has been manly, straightforward and Independent.
In misfortune appeal 10 your sympathy and
Justice. We ask you to do what you can for VI.
Our assets have passed out o. our hands and where
notes are not met ut maturity we are exposed 10 suit on
the enforcement Several Of ths kind have already
occurred We therefore beg, under the circumstances
you will mako every effort to pay your maturing notes
TO us particularly. We use nc threats; atiempt
rcon TO your great O. edit, throughout ths whole
excitement have said time and again baye vet to
hear the word "repudates from merchant south u
Mason & Dixons line
In a short time our old partner Mr.. William A. Ba-
Mister gentleman well known to you, viii Wait you,
with view Of putting our a,aIs In such shape as, We
trust will eventuete IN the continuance OF Friendly
relations sns sns o. ~ S @0 SSen 70
psv IN fun with interest at the eariieet possible period
Commencing Mr. Banisier his arrival 10 your usla,
cyAiiiiss, We remain pensieTeai yopr fsisrasS, m
We VITA divide the exchange II all cases rheso il ex
ceeds &c per eoot. 49,
The following was the business Of the Sub
Treasury to-day
Reoeipts 5i2 81
For customs o. Ng 90
PAYMENTS Observation-Disclosures. 43s $50 IS
Batsnss. sias ,sS7 81
The exchanges at the Bank Clearing House this
morning were 223sO, 800 As, and the balances
$s75, 654 "a.
The Jefferson Insurance Company has de-
clarcd a semi-annral dividend Of three dollars
per share, ten per cent payable on demand;
the Phenix Bank OF Hartford, Conn, semi
annual dividend OF six per cent, payable on the
9Th inst.
The California steamship Northern Light arrived
this afternoon with Soe5,716 in specie, large
sum is expected per Australasian.