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About Brookings-Harbor pilot. (Brookings, Curry County, Oregon) 1946-1978 | View Entire Issue (Sept. 5, 1946)
)Ay, SEPTEMBER 5, 1946 Financing eases. Says C. Tiling, Cashier rry County Banker its Out Soundness of Financial Stand. BEACH — Oregon agri- is currently in a stronger position than it was at of World W ar 1. accord- C. H. Young, cashier of County Bank, who has been ated by the Oregon Bank- ssociation as C urry county inker. jrdmg to a national sur- the use of bank credit, made by the agricul- mmission of the Am erican Association, Oregon far- 1945 used only a fourth bank credit available to from the 67 Oregon banks make agricultural loans, ing last year the banks of late served 17,042, or 27% 64,268 Oregon farm ers by ife 35,094 agricultural loans total of $38.431,000. Of this olume. $17,245,000 rem ained Hiding on Jan. 1. 1946. The i had on that date, $137,386,- littional f o r ag ricultural if there had been a demand ich loans, it the credit extended by the for their farm custom ers useful tool of agricu ltu re is by a breakdown of these ! figures: last year 15,107 s procured farm production n an aggregate am ount of *000 and of this volume "000 was outstanding on gy 1 Loans on crops in stor- insnrod hy the Commodity Corporation w ere made by fenks to 3,100 farm ers for a $8.547,000. and of these $4500,000 rem ained o u t - at the beginning of the Farm real estate loans were t 625 farmers for a total -’4.000, Th«' amount of long- real estat paper, held by I - v S2 508,000 on Jan. th i' fact that Oregon fa rm e rs' found it necessary to use small art of the bank variable tr to them indicates' 1 in a fa r s ronger finan- ition to d a v than in any Period of prosperity,” Mr. ‘During the w ar comes have been ’s have wisel y used to pay down debt “ savings in w arj accounts. se ts' »•■I ot hank assets ¡egrcc of liquidity > Oregon farm ers Tcidt in the fu tu re brookings uarbor pilot . bropkings O regon ..... of tAe C roft LUy * ” - ~ CSX *....77 “ ’ ■ .....« — to m eet all of their needs. At th e ’ Q i i a t r ^ t i n n ^ 17 i o f l a s t v n a r » ------ .... g € S I1OIÌS F evening tor a visit at Yakima \ \ » end of last year, Oregon country y ' lJ*!^eî'*,,w*«s Eor ('rowing Labor Day Shortens natehee and Seattle, Wash The banks had an average of cash and d Of ( rott Lilies In NW. W o rk Week Here ladies had visited the Voys for a United S tates government bonds With practically all businesses few days last week Thursday. Continued From Pag< Su equal to 81% of their deposits .closed Monday, Brookings seemetl Mr and Mrs Leslie Cody, who By contrast, in 1919 country banks in this state had cash and gov will bring this tem perature back like a desserted place Many la- had been visiting a t Seattle, a r ernm ent securities equal to 28% up to 110 degrees, usually in a bored in the lilies, while others rive«! to visit Ins cousins th«' Vo\s, of deposits. This high ratio of few minutes, but the one hour divided the day betw een fishing only to find that they had evident should be from and attending the fair at Ores- ly passed Mrs Voy en route ]*he liquidity is one of the most prom- I exposure hT , u W counted coul i« in < r J lht tlnw lhe tem perature < lty. Codys rem ained until Friday be ism g indications for the continued restored t0 ^ d e g r e e s has cent The shortened week ham pered fore going on to San Francisco. financial well-being of our farm . . . . u«gi<«s the Pilot in obtaining its usual» com m unity.” Bulb Mites -r- , i run of news, being robbed of t h e 1 Mr and Mrs J W, Riebanlson Providing bank credit to meet There is eyM en» day, Monday, when lh< bulb of of Dayton w ere visitors, bneflv, the needs of agriculture for con- that bulb mites should be cred- news is collected. Saturday afternoon in Brookings, structive purposes is only one of ¡Red with being mors of a factor en route to the Bay area Mr. the sendees being rendered by the in the production of lily bulbs banks to th ir farm customers, Mr than they have been. Certain types Yisitcd Cousins In Area Richardson, a realtor, at Newberg, Mrs. W allace Voy, and ccusins, was surprise«! at the productivity Young pointed out. Working with °f root disintegration or decay Mrs. Van Cello ot Grand Coulee. of the soil in this area They vis their sta te association and with have been traced to no other pos- the American Bankers Association I slble cause than the destructive Wash., and Mrs. C arlstedt of Ed ited a num ber of form er Dayton ag ricultural commission, the banks activities of these mites. In turn, monds. Wash , left last Wednesday residents, now in this nrea. have been promoting a program this seems to bring on a sort of which will result in many benefits I prem ature ripening of the bulb. Heavy infestations seem to result to the farm community. “One immediate aim of this in injury to the basal plate and program ." Mr. Young said, "is to scales. Fortunately, the hot-water- prevent post-w’ar inflation. The formalin treatm ent will destroy banks are encouraging their farm these mites; so will methyl-bro Curry County’s Finest Bulb Land and custom ers to continue to save mide fumigation (Breakey, E. P through purchase of U. S. Saving The Effect ° f Methyl-Bromide Fu- \ Croft Easter Lily Stork Bonds, and to avoid going into migation on the Subsequent De 20,000 Medium Bulblets debt to buy farm land at high velopment of the Croft L i l y . Journal of Economic Entomology, 10,(HH) Jum bo and L arge Bulblets prices. The average price of farm land in Oregon is now 79*% abt>vc 37:377-279, 1944), Use a concen 4,000 3-inch Y earlings the 1940 level. This rise is a p tration of two pounds per 1000 4,000 4-ineh Yearlings proxim ately equal to the rise cubic feet of fum igator spa«?e 2,000 5-inch Yearlings. during World W ar 1 period ol the i ° r ®n ••’‘Posure of 2 4 hours at boom peak in 1920. Bankers are) '* ,? ecref?s F ahr. Fum igate lhe 1,000 6-ineh Yearlings. w atching this situation closely bulbs within two or three weeks How’s that for A Start in the Bulb Business? and are urging their customers to j j ' 1 ’ keep in safe financial positions. Records It is advisable for the grower For the long term, the banks are This price indues rental on D » acres of new encouraging farm ers to engage to m aintain a record book in land each year fo r two years. in well-rounded and diversified which he records such items as farm production, and are placing planting dates, periods of frosts, If interested you may see land and stock that p a rticu la r emphasis on conserva-! dates of mulching, date of mulch; your planting w ill come fro m any day ol the tion of the productivity of the soil, removal, date of spring clean-out. week on Ocean View Drive at lhe .Metier Place A nother part of this program is date of side dressing with ferti-) concerned with education ol farm lizers, date of full bloom, har- youth through sponsoring activi-jvest date, etc. ties of 4-11 d u b s and Future | BOX 36 HARBOR, OREGON Try Classified Ads i h, y / a > ’ .. Farm ers." Besides the $17,215 iKX) of agri- cu ltu ral loans reported outstand- ing by Oregon banks at the begin- 4 rung of 1946, th«* American Bank-1 e r s Association survey reveals jf that banks in farm ing areas had J as least $137.386.000 available for J additional loans to farm ers if the, J demand existed. 4 H E R E ’S L A N D AND PLANTING STOCK And All For $4,500.00 L A R R Y M E T L E R Ward’s Clofehcng Store Banks today are in a tar strong g ßnieujitU f ßnaoJzieUfA Ute. ß e A t cr position than in any previous period of prosperity, and the sur- vey indicates that country banks should be able to meet any shrink* age of deposits which might !> • expected to occur without cur* tailing their ending to farm ers, untry banks studied have The aggr« ite cash and government securities equal to 81 ’ < ol their deposits. By contrast, in 1929. the country banks in Or ton had cash and United S tates s< 'uriti« •«pial to 280 of thei •P ‘ F ne Insur Pete J. Lesm & 8* Cofc Open 7:00 a. m. to 8:00 p. nt. D IN N F R S AND SH O RT ORDERS CLOSED EVERY TUESDAY FLOSSIE BUCHANAN. Proprietor ILY bulb insurance Arrange now for fire insurance coverage from digging to shipping a n d re-planting ’me- You cannot afford to gamble against re u hile bulbs are in storage. £TE J. LES5IEISTER AGENCY R eal estate and insurance Antral Builidnsr Sew»f Brookings, Ore. I Boys School ( lotlies, Jackets, Pants, Sweaters, Sox, and many other new items, needed lor play and schoo1, are due to arrive he'ore School starts. MEN! We have a few 'Cruisers” left! We have anything in mens work clothes Including Gloves! c M w aa . 9 to 6 IW W !* * * * I j
