Wilmington daily commercial., 1872-02-08

Few securities have ever been placed upon the
market which, In so short time have taken so high
Investors as have the First Mortgage Bonds OF the
Northern Paci ic Railroad Company. The Seven
| Thirty Gold Loan OF this Great corp JratlOn Is
already solid and gratifying success, aud 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 fow-
ing steadily into American railroad bends. which
are attracting shrewd and conservative capitalists
and investors 10 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 a
wide spread demand. Many depostors 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
"Millions of the 500 bonds have been exchanged
for those OF apparent equal soundness, but which
bea- more tempting rate OF interest. included In
these bonds those Of the Northern Pacific Rail-
way Company offered by Mes5rs Jay Cooke Co,
at par, In currency, and which bear gold interest
at seven and threetenths per cent. per annum.
They are first and only mortgage upon one Of the
greatest-lf not the greatest-railNa ay enterprises
Speaking OF the r turning abundance of loanabe
capital, the financial editor Of the Tribune also re-
"If we are to drift into the condition Of things
prevailing before the Chicago nre, II would not be
sur rising II all tnat Class OF securities 10 which Tine
Northern Pacific belongs were materially advanced
In price!'
From the N. Y. Independent
"As an Investment security we know Of none
whatever character, equal to the Northern Pacinc
T-80s. 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 salos
which, thus far during January, have been at tn
rate of two millions per month
1.-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
pany lands in Minnesota arc now ready for sale,
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 rad TO he
Subsequently appraised and paid for. The fact Is
conceded that the sales Of land will build the road
We recently saw Off .ia report OF an engineer,
River OF the North 70 the foot hills of the Rocky
/ Mountains there but a single strip Uf poor
| land the whole distance.
"The future OF this great enterprise is promising
| In the extreme and the bonds OF the Company are
as sure as the obligation Of the best government on
/ earth.
awe heartily commend them to all having IA vest
ments TO make as EMINENTLY SAFE AND DE
| SIRABLEn
Maps, pamphlets and full information will be fur
nished IN application to
JOHN McLEAR ~ son,
Bankers, and Dealers in U. g., State and City
Securities,
No. eo2 Market Street
deolG-smd&w wilmington Delaware
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