Daily American organ., 1856-08-15
New York Correspondence.
New YORK, Aug. l3, 1855.

NEW YORK, Aug. IL, 1855.
Yesterday was quite an exciting day among the
bulls and bears of Wallet In the fancy stocks
such as Erie and Reading Railroads, the sales were
very large, at great reduction in price. In fact
all descriptions of stocks felt the pressure in the
money market, and the tendency was downward,
both at the first and second boards. Money is in
demand, at one and two per cent. higher rates
than 1t was week ago, the banks are reducing
their loans and the specie in their vaults has not
been 30 low since early in May last as at the pres
ent moment. 1t is the impression among the
knowing ones of the street" that the panic. long
expected, has actually commenced, and should
the banks continue the contraction already begun,
the consequences cannot but be most disastrous
| am glad to learn, as do from good authority,
that the idea OF locating the Post Office in st.
Johns Park has been abandoned. Petitions are
now in circulation for signatures to have it retain
ed where it ia. This ground can be purchased at
fair price, with many additional lots as may be
required, and the location would give general sat.
isfaction. The purchasers of the 'Brick Church.
begin to feel uneasy, fearing Uncle Sam will not
offer them 100000 for this property And, as
they are not able to improve it, the chances are
that they will not make so much out of the pur-
chase as was at one time expected. / think the
property might change hands at much lower fig-
ure than 100000, should bona fde purchaser
come forward. Still, am satisfied, it is the pro-
per place for the Post Office, and will so continue
to be for at least the next fifty years. At present
the building has the appearance of some castle
hall deserted" monument of previous age.
Bennett of the New York Herald, says a good
thing occasionally, although what he says does not
always appear in his paper. The following is said
to be true TO the letter:
Bennett was asked, the other day, what he really
and canddly thought Of FremontY "Why," said
he, / think he would make domed guide show
for Barnum, but dell bit Of one has he for the
Presidency"
Fruit is very scarce in our markets A few
bushels of peaches arrived by Savannah steamer
day or two since, and they were rapidly sold at
about two dollars per bushel Farmers in West
chester county are finding ready market for ap-
pies at five dollars barrel, not of very good
quality either. Grapes are about the only fruit
which bids fair to be abundant. They never look
ed better than now.
Five of our principal suctioneers have paid to
the State for the past six months, in duty the sum
of $37 ,42l "a. All other auctioneers in the State
together paid about ~, 900.
The number Of dogs killed in this city from July
% to August 8, was 1900. SO far there has not
been single case of hydropLoba since the dog
law went into effect.
The Whig Convention, which meets at Albany
tomorrow, bidsfar to be largely attended. Among
the notables, learn that Thomas Corwin, of Ohio
and Hon. Francis Granger, of this State, will be
present. . t.#
The excitement at quarantine, on account of the
yellow fever, still continues The fever, however,
Is evidently on the decrease, and all cause for
alarm is removed by the vigilance of the authori-
ties, who watch every vessel entering the port with
great care OMIcRoN.