Wilmington daily commercial., 1872-02-12
| SUCCESSFUL And POPULAR
LOAN.

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 &c Railroad Company. The Seven
Thirty Gold Loan OF this Great corporation is
already a 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 s the increasing demand for 1rst
class railway bonds. both here and in Europe. The
large surplus Of money seeking investment is now-
ing steadily into American railroad bends which
attracting shrewd and conservative capitalists
and investors 10 an unprecedented extent During
the month some important negotiations have been
consummated Ia Europe, and the bankers market
ing new bonds here report great activity and a
widespread demand. Many deposItors 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 seundness, but which
bear more tempting rate Of interest. Incnded in
these bonds are those OF the Northern Pacific Rail-
way Company, offered by Messrs. Jay Cooke n Co,
at par, in currency, and which bear gold interest
at seven and three-tenths per cent. per annum.
They are a first and only mortgage upon one of the
greatest-if not the greatest-railwa enterprises
the world has ever SEEM
Speaking OF the returning abundance Of loauab' e
capital, the financial editor Of the 7ribun also re-
marks:-
"lf we are to drift into the condition OF things
prevailing before the Chicago fire, 1t would not be
surerisng IL all that class of securities which the
Northern Pacific belongs were materially advanced
in priceln
[From the N. Y. Independent
"As an investment security we know OF none o
whatever character, equal to the Northern Pacific
I-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,
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 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 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 ON ial report OF 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 as the obligation of the best government on
earth.
ave heartily commend them to all having IN vest
ments to make as EMINENTLY SA E AND DE
SIRABLE"
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