Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-10-06
BANKERS TO STUDY
CHANGES|N TRENDS
Bond Market and Status of
Credit Furnish Problems
for |. 3. A. Convention.
Special Dispatch TO The Star.


CHICAGO, October 5-Appraised
from its unusually detailed official pro-
gram, the eighteenth annual conven-
ton of the Investment Bankers AS
ISOLATION of America, which will bring
more than 300 foremost representatives
of the worlds largest buy-and-seli
business to Quebec october IL to 18,
gives assurance of being one Of the
most productive meetings in the history
of that organization.
Following precedent, the major por-
ton of each business session will be de-
voted to the presentation and discussion
of the reports and studies of the as
sociation's % standing committees and
four important subcommittee. Thirty
reports, dealing with every major form
of business and governmental activity
wherein finance is involved, with taxa
ton and legislation as they affect
securities, and with the problems
trends and ethics of the investment
banking business, are scheduled TO be
laid before this meeting.
Bewildering Changes Noted.
These reports, to which some 400
men have given their time and effort
will undoubtedly reflect the enormous
expansion and bewildering array OF
changes which the business of supply
ing long-term credit has faced within
the last few years.
An unusual feature of the Quebec
meeting will be the presidents recep-
ton to all delegates and guests, shortly
after the close of the business session
on Tuesday, october is. The recep-
| ton will be followed Immediately by the
uniqueness in that there will be nc
speeches of any kind to disturb the
! appetite of the guests. The reception
| and luncheon were planned wholly ano
! simply to enable all delegates and guests
| in attendance to meet President Rollir
A. Wilbur and the other officers of the
association.
Speakers of international prominence,
! including Hon. L. A. Taschereau, K. c.,
LII D., premier of the Province of
Quebec, his honor, Henry George Car
roll, K c., LII. D., ACKNOWLEDGEMENTS
of the Province of Quebec, and z. w.
Beatty, K c., LII. D., chairman and
president of the Canadian Pacific Rail-
way, will address the delegates at each
| Of the four business sessions.
Bond Market Opinions Differ.
The late revolutionary transition of
investment funds, the conflicting ideas
which continue to characterize bond
uldIhc1 OpullOll, dklO IIlC pcIpAcAulS
problems attending the rapid rise Of
investment companies in this country
will doubtless bring a wealth of interest
to the reports of this meeting.
OF paramount interest will probably
be the reports Of the foreign securities,
investment companies and industrial
securities committees The work Of the
business problems committee, and its
| four subcommittee on cost account
Ing, distribution, Salesmen's compensa-
| ton, and trends Of the business, is also
expected to bring interesting comment.
The activities of these latter COM
mittees, which relate to purely internal
problems, have engaged the interest of
investment bankers to greater degree
within the past several years than any
! other phase of the associations work.
This years report of the business prob
lens committee will be presented by
Arthur H. Gilbert, Spencer Trask &
Co., Chicago.