Wilmington daily commercial. [volume] (Wilmington, Del.) 1866-1877, 1872-02-17
A SUCCESSFUL AND POPULAR
LOAN.

Few securities have ever been placed upon the
market which, in short time, have taken 80 high
stand or hecome 80 wlaey popular wiSn % pruuene s EN-
Northern Pac &c Railroad Company. The Seven
Thirty Gold Loan OF this Great corporation is
already solid and gratifying success, and the
present daily sales are
LARGER THAN EVER BEFORE
[From the N. Y. World.l
The most prominent feature in financial affairs at
the present time is the increasing demand for first
class railway bonds. both here and in Europe. The
large surplus of money seeking investment is now-
ing steadily into American railroad Dends which
are attracting shrewd and conservative capitalists
and Investors TO an unprecedented extent. During
the month some important negotiations have been
consummated in Europe, and the bankers market
ing new bonds here report great activity and
wide spread demand. Many depOsltors In savings
banks are removing their funds, and are investing
in the new railroad bonds now Offering on the mar
ket.
From the New York Tribunel
nMillions OF the 5-2O bonds have been exchanged
for those OF apparent equal seundness, but which
bea- more tempting rate OF interest. included IN
these bonds those OF the Northern Pacific Rail
way Company, offered by Meslrs. Jay Cooke \ Co,
at par in currency and which bear gold interest
at seven and three-tenths per cent. per annum.
They are first and only mortgage upon one OF the
greatest-if not the greatest-railway enterprises
the world has ever seen"
capital the financial editor OF the Tribune also re-
aif we are to drift Into the condition Of things
prevailing before the Chicago nre, IL would NOT be
q orthern Pacific belongs were materially advanced
in pricel'
[From the N. Y. independently
LAS an Investment security we know Of none
whatever character, equal to the Northern Pacinc
1905 They combine the two great requisites, safe
ty and profit. The favor In which these bonds arc
held by investors is Indicated by the large sales,
| which, thus far during January, have been at the
rate of two mill ons per month
"The inquiry for bonds by those VINO intend puT-
chasing lands gives assurance OF large settlements
| upon the lands during the next season The COM
| pany lands in Minnesota are now ready Tor SAFE
| and those on the western terminus soon Will be. The
| Company are prepared to permit parties to take up
land at any point along the line of the read, 10 be
| .bsequently appraised and paid for. Ihe fact IS
conceded that The sales of land will build the road
We recently OIL iial report OF an engineer,
| stating that from the garden valley OF the hea
| River OF the North to the foot hills OF the ROCKY
| Mountains there was but single strip OF poor
| land the whole distance. ,,
1.-THE future OF this great enterprise is promising
in tile extreme, and the bonds OF the Company are
as the obligation Of the best government on
1--WE heartily commend them to all having IL vest
| ments to make as EMINENTLY SAFE AND DE-
| SIRABLEn e.,
| Rished IN application to
JOHN McLEAR 81 son,
Bankers, and Dealers in o. s., State and City
Securities,
No. COZ Market Street
dccl6smd&w wilmington, Delaware