The Hattiesburg news. (Hattiesburg, Miss.) 1908-1917, 1908-11-10
Of
THE SOUTH
Northern Capitalists Are Eager For
Southern Bonds and Buy
Them Readily.
DEMAND IS BETTER
Than FOR MANYYEARS|
At No Time Since the Civil War Has
There Been So Much Inquiry For
Southern enthusiastically is
Returning.

The New Orleans Times-Democrat
Of recent date contains the following
excellent article:
Active inquiry from investors in 9TH
er cities regarding bonds Of the New
Orleans Railway and Light Company
is believed to have been largely re-
sponsible for the firm movement which
the local market has shown in these
securities during the last week. and
Is also believed to have contributed
the cause for the rapid advance in
the value of the securities recorded
during the last weeks trading on the
floor of the stock exchange.
In the last few days several letters
regarding these securities have been
received here, and one bank is said
to have had in one day letters from
Denver, Detroit, Boston and Battle
Creek, Mich, regarding the bonds.
The inquiry developed an active de-
mand for the bonds that steadily ad-
vanced the price during the week. and
the securities sold at higher prices
than they have commanded since the
financial trouble began last year. The
last sales of the bonds made last week
were at and above n, while fort
night ago these same securities were
selling at II and 70.
In connection with the outside de-
mand for Railway and Light Company
bonds it has been noted with interest
that Southern bonds of all characters
are receiving increased attention from
all classes of investors in the North
and East, with the result that there
is now a better demand for these
bonds than there has been since the
civil war. During the war several of
the Southern municipalities default
ed on their bonds and money invested
in other Southern securities was lost
by the investors. Hence their re-
luctance about placing more money in
the South.
OF late, however, Eastern and North
ern investors are declared to have
thrown off this timidity and are ac-
lively in the market for Southern Sc
curities One banker here said Sat
urday that the credit of the Southern
cities was apparently much better and
that comparatively little trouble was
experienced in marketing the bonds
So far this year one New Orleans
banking house has placed nearly S4,-
100000 in Southern bonds, a good
part of which represented a portion
of recent issue made by the city
of Mobile.
Timber bonds, too, are holding up
well and are still in good demand.
/ Thousands of dollars in timber bonds
have been handled by local banking
houses within the last few years, and
significant fact developed in con-
nection with these securities was that
during the worst part of the financial
trouble the values held up well. The
fact that these bonds are still in good
demand is believed to indicate that
little trouble will be experienced in
floating a $4,000 issue just author
lied by the Krause & Managan Lum-
Der Company, Limited, of Westlake,
La, which has just put out that
amount Of bonds on a tract of timber
in Calsacieu parish. The securities
are per cent first mortgage gold
bonds, dated September 1, 1908, and
are payable $4,000 semi-annually
from March 1, 1910, to September 1,
1917. The bonds are secured by first
mortgage upon 1S,477 acres Of COM
pact, well-located virgin timber land
in Calcasieu parish and estimated to
contain 223,O65,OOO feet of long leaf
yellow pine short leaf yellow pine and
hardwood timber.
These bonds are now said to be
ready for the market and circulars de-
scribing them are already being dis.
tributed among prospective investors.