Wilmington daily commercial., 1872-03-08
SUCCESSFUL And POPULAR
LOAN.

LOAN.
Few securities have ever been placed upon the
market which, in short time, have taken 80 high
stand or become 30 widely popular with prudent
investors as have tho First Mortgage Bonds of tho
Northern Pacl lc Railroad Company. The Seven
already a solid and gratifying success, and the
present daily sales are
LARGER THAN EVER BEFORE.
tFrom the N. Y. Worldl
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 fow-
ing steadily into American ralplad bends. which
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 Tribune.l
millions OF the $50 bonds have been exchanged
for those of apparent equal saundness, 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 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
Speaking OF the It turning abundance OF loanab.e
capital, the financial editor Of the Tribune also re-
| marks:-
Wif we are to drift into the condition Of things
prevailing before the Chicago fire, 1t would not be
SUR rising II all that class OF securities TO which the
Northern Pacific belongs were materially advanced
| in prlceW
[From the N. Y. Independent
"As an investment security we know Of none OF
/ whatever character equal TO the Northern Pacific
1905 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,
| 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 OF large settlements
upon the lands during the next season. The Com
| pauy lands in Minnesota are now ready for sale,
and those the western terminus soon VIII be. The
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 an 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 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 the obligation OF the best government on
earth.
ments to make as EMINENTLY SAFE AND DE-
Maps, pamphlets, and full information win be fur
nished on application to
JOHN McLEAIS ~ SON,
Bankers, and Dealers in U. S., State and CITY
Securities,
No. eo2 Market Street
dec1o- -smdkw wilmington, Delaware