)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
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------
....
g
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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