Show CONVENTION OF INVESTORS ENDS t In Investment estment Bankers Banke Discuss Discuss Dis Dis- cuss Various Industrial Securities and Bonds CHICAGO Oct 30 Discussion 30 Discussion n not of ot In Investments Investments Investments In vestments rang ranged from electrical securities ties to railroad bonds at the closing closing- business bust busi ness nen session of ot the Investment Bankers Bankers' AS Association of or Am America C today Delos A. A Ch of ot Los Angeles ad addressed addressed ad- ad dressed the convention on the Financing and Development of or Hydro Electric Power Power Pow Pow- er The enormous amount of or power consumed in California for tor Irrigation and agricultural purposes had A been een ble ho he said to for l' l many reckless promotions promotions promo promo- calling for the Intro introduction u of some coine financing methods to to stamp them out Bonds on now new or construction properties properties properties proper proper- ties should be issued only a as the work progressed ed in the o opinion of or Mr Chappell on on a percentage ba basis of ot mon money y expended expanded nde as ss certified to by the construction en en neer Rec Receiverships and reorganizations reorganization then would disappear ho he predicted d an anthe and the securities of public service corporations corporations corporations corpora corpora- then would be elevated to a Q plane pUne where they rightfully belong Iong The Tho accumulation in the tho hands of or a a few Individuals of ot the tho tho enormous timber Umber re resources resources re- re sources B In the United States was responsible On- On sible for tor the comparatively small amount amoun of or timber land bonds onda outstanding in hands of or investors investor's according to Clark L. L Poole Poola of or Chicago There Thero was a rees lees than tOOn worth of ot the these thee e bonds bond outI outstanding out out- I standing ho said although the value o othe ot of the lumber Jumber Industry reached the enormous enor enor- mona mOlls total of or Official government government gov gov- i Investigation In had shown he ho said that three r persons r on owned nearly 11 pe per cent cant of or the privately owned timber Umbel in the entire country and that holders own over 42 per per cent Other speakers were John E. E Oldham of oC Boston discussing Public l Bonds John K Eo Blunt Jr of or Chicago whoso whose subject was Railroad Bonds Donds an and Samuel Insull of or Chicago talking on Electrical Securities The convention will ill be brought to a close tonight ht with a banquet James JamM J J. Hill Bill and Frank A A. A arc listed among the speakers |