Show BANKERS TOLD U UI U. S Si S. BOND SALE HAS IMPROVED Government Issues Worlds World's Best Investment Ballantine Ballantine Ballantine Bal- Bal lantine Says n Br By Fr n WHITE SULPHUR SPRINGS W. W Va Oct Ocl 26 26 Arthur Arthur A. A Ballant Ballantine ne undersecretary of the treasury today told old the Investment Bankers' Bankers association association tion convention that demand for gov gay securities has shown re improvement during pas past months and that government bonds remain the worlds world's best Investment security In December 1931 Ballantine said it was advisable to provide for treasury financing on the basis of is issues issues issues is- is sues of not more than a years year's ma ma- In recent months it has become become be be- become come possible to increase the maturity of oC notes up to five years The financial problems ahead unquestionably unquestionably unquestionably un un- un- un questionably require firm CInn and intelligent intelligent intelli- intelli gent handling Ballantine said and do not admit of any any weakening in adherence a to sound methods and prin principles Yet the improvement in the position of government securities augurs well for the future It reflects dangers avoided th threat the great reat progress made in budget legislation legis legis- lation lotion of ot last year and draws support from large reductions In government expenditure which are in process an and from Crom that lessening demand for tor gov gay funds It rests also upon the substantial progress which is being reported in business and in indu industry try and which will be augmented as the program o of oC recovery and reinvigoration goes forward for tor- ward 1 |