Evening star. [volume] (Washington, D.C.) 1854-1972, 1928-08-30
INVESTMENT TRUST
IN ''CAlL' MARKET
New Source of Loans Is Said
to Have $3.50, 600, 900
for Borrowers.
By JOHN r. SINCLAIR.

Special Dispatch to The Star and the North
American Newspaper Alliance.
NEW YORK, August 3o.--Where does
the New York Stock Market get all the
"call" money being used to carry it
along?
Factors have entered during the last
few years such as the surplus money
OF individual investors and of large
corporations and of country banks.
But another important group has
come into the "can' loan field in re-
cent months, and that is the invest
ment trust. Scores Of these trust or
CARNATIONS during the last few years
have invested many millions of dollars
In different listed stocks. Many Of
these trusts liquidated their stock as
sets at large profits in recent months,
and this liquidation left them generally
supplied with cash funds, which in turn
they have placed back on the market
on call" They have found the call"
market the best adapted for their pres
ent needs. 1t is estimated that APP
proXimately $3.50, 100000 of investment
trust funds are so engaged in the mar
ket at present.
Robert De Forest Boomer of the
investment banking house of e. H.
Rollins & Sons. New York believes
the United States Department of State
should work much closer than in the
past with American international
bankers
1T is not the international banker
who is lending his money to foreign
countries" said Mr.. Boomer. He
merely serves as an agent or trustee
for thousands Of individual American
investors
One person in 40 today In the United
States Is bond holder OF the 3,000,-
900 bondholders, about 1000, 900 have
bought foreign bonds for investment.
Mr.. Bloomer shows that for 1928, up
to July 81. the United States invested
about $256,00 900 in Latin America,
while all other nations invested only
S39 100000 He estimates that we have
stake Of about $4,000 900 900 in IS
republics south of the Rio Grande.
1T Is not Wall Street that has a
stake in Latin America" says Mr..
Boomer at is the farmer, the doctor,
the college professor. whose savings are
building a new world to the south
of us"
How far the Government of the
United States should interest itself in
the private investments of its citizens
in foreign lands Is much discussed
question So far no definite Govern
ment policy has been fixed.
DR. A. F. Woods. United States De-
partment of Agriculture. says the men
OF the United States supply products
equivalent to the nations requirements
for 1863 days a year All America needs
TO import now is enough for two days
supply every year.
To stimulate dairy production from
now on will result in overproduction
says DR.. Woods. He warns against the
"boarder" cow-that COW which pro-
duces less than 1t consumes. There are
| 81, 900 900 cows in the United States
and one-third are in the "boarder"
| class.
The average cow in the United States
produces 4,500 pounds of mink a year,
| containing a little better than per
| cent butter-fat. But the cows in the
| dairy herd Improvement associations
| average 7,4lo pounds of milk with 293
| pounds of butter-fat. The cow-testing
! associations in Denmark. In contrast
| With this record, have increased their
production per COW to 1900 pounds,
| with an average of about per cent
| butter fat.
THE greatest progress in the dairy
| industry lies not in increasing the num-
Der OF dairy COWS. but in increasing the
production per cow" says DR.. Woods.
IF all our dairy cows produced as
much as those on test at the dairy as
| sociations. we could dispose of one
| third OF them and still maintain cur
present supply of dairy products st an
enormous saving in feed. stable room
and labor"
| (Copyright. 1928 BY North American News
paper Aliance.l