Wilmington daily commercial., 1872-03-06
SUCCESSFUL AND POPULAR


- A-Ah@
Few securities have ever been placed upon the
market which, in so short time, have taken so hg
a stand. or become 80 widely popular with prudent
investors as have the First Mortgage Bonds of the
Northern racl &c Railroad Company. The Seven
Thirty Iold 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. Worldl
The most prominent feature in financial affairs ut
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 iow-
ing steadily into American railr 1ad bends which
are attracting shrewd and conservative capitalists
and investors TO an unprecedented extent. During
the month some important negotiations have betn
consummated in Europe, and the bankers market
ing new bonds here report great activity and
widespread demand. Many dep0sltOrs 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 Tribune.l
"Millions OF the 500 bonds have been exchanged
for those of apparent equal soundness, but which
bear more tempting rate of interest. Included in
these bonds those of the Northern Pacific Rail-
way Company, offered by Messrs. Jay Cooke n Co.,
at par, I'm 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 IFbans also re-
marks:-
| prevailing before the Chicago fire, it would not be
surUrisng II all that class of securities to which the
northern Pacific belongs were materially advanced
| in pricep 81
[From the N. Y. independently
| "As an investment security we know of none OF
whatever character, equal to the Northern Pacific
T-30s. They combine the two great requisites safe
ty and profit. The favor in which these bonds are
held by investors is indicated by the large sales,
i which, thus far during January, have been at the
| rate of two millions per month.
"The inquiry for bonds by those who intend pur-
chasing lands gives assurance oil large settlements
| lands during the next Tlg Com
| pany lands in Minnesota are now ready for sale,
Company are prepared to permit parties to take up
land at any point along the line of the road to be
subsequently appraised and paid for. The fact is
conceded that The sales of land will build the road.
| We recently saw Official report of an engineer,
| stating that from the garden valley Of the Red
River of the North to the foot hills OF the Rocky
| Mountains there was but a single strip OF poor
land the whole distance
"The future of this great enterprise is promising
in tile extreme, and the bonds Of the Company are
as sure as the obligation of the best government ON
i've heartily commend them to all having IL vest
ments tosmake as EMINENTLY SAFE AND DE-
Maps, pamphlets, and full information will be fur
nished on application to
JOHN McLEAR 81 SON,
Bankers, and Dealers in U. S., State and City
Securities,
No. 6o2 Market Street
dec169md&w Wilmington, Delaware
TCHN DAVIS.
eJ CLoThIER AND MERCHANT TAILOR,
I2O MARKET STREET,
wilmington, Del
Clothing ready made or made to order. Ia
4 Care taken to please, accommodate, and nt M
| customers. W.
PRICES REASONABLE -A&-
AND
! PRoMPTNEss A SPECIALITY. jan2-9m