New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-04-29
BANKING AND FINANCIAL.
BANKING HOUSE OF FISK & HATcH.

BANKING HOUSE OF FISK & HATCH. I
No. NAssAU-sT., NEW YORK, April y, -si3.b
The present high price Of Government Securities
is increasing the demand for drst-class Railroad
Bonds and as the amounts now Offering are COM
parativey small it is reasonable to suppose the pres
ent difference of from TWENTY 10 THIRTY per cent
cannot be obtained for any great length Of time.
Government Bonds are higher now than for several
years past. A " Five-twenty' Bond az 120, paying
six per cent on the par value, yields but a small in
come on its market price, and if an entirely .afe in
vestment can be obtained with difference OF $50
to $500 on each 600 it is largely to the interest Of
the holders to make tine exchange.
We are recommending the following for such ex-
changes OF for new investments-a Of them payable
in gold. principal and interest:
The CHESAPEAKE AND ONO SIX PER Cents ar S
and accrued interest, interest payable May and No
vember; these bonds issued in denominations #
800 $500 and $1,000. The road. 80 miles IN length.
is now completed, and the business Offering is very
large and increasing daily.
The WESTERN Pacific SIX PER CENTS az the mar
ket price which il to-day 80 Fat. These bonds are
of 81 900 each interest payable January and July
This road having been consolidated with the great
CENTRAL PACIFIC, and payment Of It's bonds, primer
pal and interest, assumed by then we see no good
reason why they should not soon approximate in
price 10 Central Pacifcs-now l03 and becoming very
scarce in the market
Also the CHESAPEAKE AND OHIO SEVEN PER
CENTS. interest payable January and July, secured
by First Mortgage On the extension 10 deep water
on Chesapeake Bay, on the proposed Kanawha
River Branch and on the Great Bridge TO be built
over the Ohio River ar Hunting n, and a Second
Mortgage on the Main Line with all its equip
ments depOts. &c.
OIL, - If vii he
for sale at present Price 30 and accrued interest.
We consider them amply secured, and a very
desirable investment The proceeds viii be used in
adding largely to the present equipment. and in ex-
tending to deep water on the Chesapeake Bay.
where the largest steamers in the world can load
and unload alongside the cars.
The amount Of money tG be invested within the
next few months will be very large the Govern
ment disbursement alone for the next three months
will reach 500 100000. and the May and July dyi-
dends of the banks railroads and other corporations
much more
We continue to deal in Government and Central
Pacific Bonds, receive deposits on which We allow
interest, make collections, execute orders at tho
Stock Exchange for cash, and conduct general
banking business FISK x HATCH.
THE CONSOLIDATED 80 YEARS : pER CENT GOLD
BONDS Of the ST. LOUIS AND SOUTH-EAsTERN RAIL
WAY Co, issued upon a completed trunk line be
tween ST. Louis and Nashville. Tenn.,l earning more
than enough to pay interest and operating expenses
Price, 80 and interest Sold by
WLNsLOW a. WILSON.
20 WIlliam-st..
HOwEs & MACY, Bankers, No. 80 Wall-st.. New
York offer the same facilities to DeDOsitors a. In
corporated Banks ana allow Interest On daily ball
ances at the rate of -Four per cent.
COLLECTIONS made on any point at current rates,
with immediate returns.
Special attention paid to choice Stock, Bonds, &c.
&c, for Investors.
AUSTIN BALDWIN & Co.
Bankers, No. - Broadway,
Issue Letters OF Credit on
CITY BANK OF LONDON,
AND
LHERBETTE, KANE & Co PARIS.
Travellers Letters Received aud Forwarded