Nashville union and dispatch. [volume] (Nashville, Tenn.) 1866-1868, 1867-07-18

London adYIces OF the ltth INST quote
United States 5-20s at 725.
Corporation checks were bought by the
brokers yesterday at 14@15c discount, and
sold at 13@14c.
Tennessee bonds sold in New York on
the 18th inst as follows: 81, 900 ex. eou-
pons at &c, $4,000 new at 64sc, 5000
new at 65c, and $4,000 new at Gee North
Carolina ex. coupons sold at 500 594c, and
new at 59@595c. Georgia rs sold at 8Sc
and Missouri 6s at l0O4@101c.
The Comptroller of the Currency. has
decided that loans with United States
stocks and bonds as collateral security,
should be included in the item" time &C
commodation loans" in bank reports.
The Monetary Conference at Paris has
adopted the five franc piece as the unit of
gold coins. 1t is understood the United
States will reduce the value of the gold
dollar to FIVE francs. The French govern
ment will coin pieces of twenty-five francs,
which will then be of the same value as the
United States FIVE dollar gold piece; while
England, by a slight reduction in the value
of the sovereign, will bring it down to the
same standard. This virtually makes the
American dollar the unit for gold.
On the position and prospects of the
money market, the New York Financial
Chronicle of the 18th inst. has the following
observations.
In forecasting the immediate future of the
money market one of the most significant facts
IS the payment on Monday of tWenty-One mil
lions of currency from the Treasury. OF this
six millions are on account of the interest on the
seven thirties and fifteen millions for the prin-
cipal and interest Of the July compounds. The
tendency which is likely to be produced by these
disbursements in adding 10 the abundant sup
ply of currency, and ia facilitating the move
ments of capital is very obvious. The sudden
furry in Wall street last evening interPOses tor
the moment a sslutary restraint on the too buoy
ant forces, which for fortnight or more have
been impelling quotation higher and higher
with an apparently resistess movement The
advance in the values of all descriptions of secu-
rites has been unusually rapid, and to be per-
manent it should from time to time receive a
check.
- The immediate cause of this sudden trouble
was rumor that a large national bank in
Broadway had suspended payment. The story
was speedily cOntradieted. IL took its origin
from the fact that the President of the bank is
said to be special partner in one of the dry
goods hrms reported at present in difficulties. As
to the bank itself resources are ample, and its
constituency extensive; its management for
some time past has been extremely cOnserYa-
tive, and its position is regarded as unusual
strong.
There are in other directions no threatening
symptoms to impede the further movement of
the money market in the direction of increased
ease. Hence the disbursements of tWenty-One
millions from the Treasury may not improbably
result in the fulhllment of some at least of the
predictions of monetary ease and speculative
buoyancy which they have elected"
The exports of specie from New York
to foreign ports last week amount ito
1859, 935, against 81, $780, go the cores
ponding week las year. The total ex-
port of specie has been as follows from
January to July 13, in the years
noted