WALL STREET, AUGUST 2ND.

Respected Sir: Acting upon your suggestion that, despite the repugnance

with which the truly artistic mind must ever view it, Commerce was a

rising institution, and that amongst the thousands of the refined and

haughty who read PUNCHINELLO with feelings of astonishment and awe,

there were some misguided men whose energies had been perverted to the

pursuit of filthy lucre, your contributor yesterday descended into the

purlieus of the city in quest of information wherewith to pander to the

tastes of the debased few.

It would be useless to point out to you that 10 A.M. is not the hour at

which it is the custom of Y.C. to tear himself from his luxurious conch.

His conception of the exalted has always been associated with late

breakfasts. On this memorable occasion, however, duty and a bell-boy

called him; and at the extraordinary hour to which he has referred he

arose and set about his investigations.

A party of distinguished and sorrowing friends accompanied him as far as

BANG'S. The regard which he cherishes for poetry and art had hitherto

marked out this pleasant hostelrie as the utmost limit of his down-town

perambulations. The conversation of his distinguished friends was

elevating: the potations in which they drank their good wishes were

equally, if not more so. Having deposited $2.35 for safe-keeping with a

trusted friend, your contributor hailed a Wall Street stage and sped

fearlessly to his destination. He has gone through the ordeal safely.

Annexed are the result of his labors, in the shape of bulletins which

were forwarded to but never acknowledged by a frivolous and unfeeling

editor.

WALL STREET, 10-1/2 A.M.--The market opened briskly with a tendency

towards DELMONICO'S for early refreshments. Eye-openers in active

demand. Brokers have undergone an improvement.

11 A.M.--On the strength of a rumor that a gold dollar had been seen in

an up-town jewelry store, gold declined 1.105.

11.15 A.M.--In consequence of a report that Col. JAS. FISK, JR., has

secured a lease of Plymouth Church, and is already engaged in

negotiations with several popular preachers, Eries advanced one-half per

cent.

HALF-PAST ELEVEN A.M.--A reaction has commenced in Eries, it being given

out that Madame KATHI LANNER had sustained an injury which would

necessitate her withdrawal from the Grand Opera House.

TWELVE O'CLOCK.--Just heard some fellow saying, "St. Paul preferred."

Couldn't catch the rest. It seems important. What did St. Paul prefer.

Look it up, and send me word.

HALF-PAST TWELVE.--Market excited over a dog-fight. How about St. Paul?

ONE.--Police on the scene. Market relapsed. Anything of St. Paul yet?

Send me what's-his-name's Commentaries on the Scriptures.

HALF-PAST ONE.--News has been received here that Commodore VANDERBILT

was recently seen in the neighborhood of the Croton reservoir. In view

of the anticipated watering process, N.Y.C. securities are buoyant.

Many, however, would prefer their stock straight. But what was it St.

Paul preferred? Do tell.

TWO O'CLOCK.--Immense excitement has been created on 'Change by a report

that JAY GOULD had been observed discussing Corn with a prominent

Government official. A second panic is predicted.

QUARTER PAST TWO.--Later advices confirm the above report. The place of

their meeting is said to have been the Erie Restaurant. Great anxiety is

felt among heavy speculators.

HALT-PAST TWO.--It is now ascertained that the Corn they were discussing

was Hot Corn at lunch. A feeling of greater security prevails.

THREE O'CLOCK.--Intelligence has just reached here that a dime-piece was

received in change this morning at a Broadway drinking saloon. Gold has

receded one per cent, in consequence. Eries quiet, Judge BARNARD being

out of town.

P.S. I haven't found out what St. Paul preferred. What's-his-name don't

mention it in his Commentaries.

HALF-PAST THREE.--Sudden demand for New York Amusement Co.'s Stock.

HARRY PALMER to reopen Tammany with a grand scalping scene in which the

TWEED tribe of Indians will appear in aboriginal costume. NORTON, GENET,

and _confrères_ have kindly consented to perform their original _rôles_

of _The Victims_.

P.S. Unless I receive some definite information concerning that

preference of St. Paul's, I shall feel it incumbent on me to vacate my

post of Financial Editor.

FOUR O'CLOCK.--On receipt of reassuring news from Europe, the market has

advanced to DELMONICO'S, where wet goods are quoted from 10 cents

upwards. Champagne brisk, with large sales. Counter-sales (sandwiches,

etc.,) extensive. Change in greenbacks greasy.

P.S. Asked a fellow what St. Paul preferred. He said, "St. Paul

Preferred Dividends, you Know." Perhaps St. Paul did. A great many

stockholders do. But what stock did St. Paul hold? Was it Mariposa

or--"Only just taken one, but, as you observe, the weather _is_

confounded hot--so I don't mind if I--"

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