Wilmington daily commercial., 1872-02-06


market which, in so short time have taken 70 high
stand. OF become 50 widely popular with prudent
Northern Pacl ic Railroad Company. The Seven
Thirty Gold Loan OF this Great corporation is
already q solid and gratifying success, and the
LARGER THAN EVER BEFORE.
[From the N. Y. world.I
The most prominent feature in financial Affairs at
the present time Ia the increasing demand fer rst
class railway bonds. both here and in Europe The
large surplus OF money seeking investment is now
ing steadily Into American railroad bends. which
are attracting shrewd and conservative capitalists
and Investors 70 an unprecedented extent During
the month some important negotiations have been
consummated in Europe, and the bankers market
,ng new o9nds mere report great acviy ana
banks are removing thelr funds, and are Investing
IN me new railroad bonds now Offering on the mar
.I# [From the New York Tribunel
Millions OF the $40 bonds have been EXCHANGED
for those OF apparent equal seundness but which
bear more tempting rate OF interest. included In
these bonds are those Of the Northern Pacific Rail-
way COMPANY, offered by Messrs Jay Cooke Co.,
At par, In currency, and which bear gold interest
az seven and three-tenths per cent. per annum.
They are first and only mortgage upon one OF the
greatest-if net the greatest-railEay enterprises
the world has ever seen"
Speaking OF the returning abundance of loanab.e
capital the financial editor Of the Tribune also re-
"if we are to DRIFT luto the condition of things
prevailing before the Chicago fire, 1t would not be
surnrisng II all that class Of securities TO which the
nortnern racine belongs were materially advanced
In priceI" 7'4
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
" 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
pany lands in Minnesota are now ready for eale,
and those on the western terminus will be. The
Company are preparedt to permit parties 70 take up
land al any point along the line OF the road 70 be
subsequently appraised and paid for. The fact is
conceded that the sales OF land win build the road.
We recently saw an oni lal 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 the extreme, and the bonds OF the Company are
as sure as the obligation Of the best government
"we heartily commend them to oil having IA vest
ments m; s. t2 . make as EMINENTLY SAFE AND DE
Maps, pamphlets. and full information VIII be fur
nished on application TO 1tr .gaI L1f1 t-1
,t". li4. 4.d.es 20 gif Nse I,>-. als
JOHN McLEAR g. SON,
ZfL 1.t i.Ea .n.. Ts-HD
BanIxars. and naalara in II q Htata and c;tr