Manila In A Panic

London, July 5. - A Hong Kong dispatch to The Times says: "Manila is n a state of excitement boröering on panic. Thousands of foreigners, anticpating bombardment, have taken refuge on the neutral ships of the harbor. Meanwhile General Aguinaldo's wild evies continue to atack the Spanish outposts incessantly. They have tightened the cordon round Manila on the south side and have captured and destroyed a Spanish magazine. General Aguinaldo is confident of being able to prevent General Monet from effecting a junction with the garrison at Vlanila."