Wilmington daily commercial. [volume] (Wilmington, Del.) 1866-1877, 1872-01-25

Few securities have ever been placed upon the
stand or become a. widey nonns ,,h rgt ~
investors as have the First Mortgage Bonds Of the
Northern Paci4c Railroad Company. The Seven
Thirty Gold Loan OF this Great corporation is
already solid and gratifying success, aud the
present daily sales are
LARGER THAN EVER BEFORE
GErom the N. Y. World.l
The most prominent feature in financial affairs at
the present time is the increasing demand fer first
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
contaminated In Europe, and the bankers market
ing new bonds here report great activity and q
widespread 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 Trlbune.l
"Milllons OF the $50 bonds have been exchanged
for those OF apparent equal seundness, but which
bear a more tempting rate OF interest," included In
these bonds are those of the Northern Pacific Rail-
way Company, offered by Messrs. Jay Cooke a Co.,
at par, In currency, aud 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-ralway enterprises
Speaking Of the r,turning abundance Of loanab'e
capital the financial editor of the Tribune also re-
marks:-
"If 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 price!'
[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
held by investors is Indicated by the large sales,
which. thus far during January, have been at the
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 are now ready for sale,
and those on the western terminus soon viii be. The
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 o1 .ial 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 the obligation of the best government on
EARTH
1--WE heartily commend them to all having invest
ments to make as EMINENTLY SAFE AND DE-
SIRABLE"
Maps pamphlets and full Information will be fur
nished on application to
JOHN McLEAIs 81 SON,
Bankers, and Dealers in U. s., State and City
Securities
No. 6o2 Market Street.
dec16 smd&w wilmington Delaware.