Thursday, August 7, 1952
BRO O K IN G S-H A RBO R PILOT. BROOKINGS, OREGON
FINANCING IMPORTANT FOR Hereford Entered
ID IN 'NATIONAL ECONOMY
P.-l. Competition
GOLD BEAL H Adequate capital is of increasing im portance in
PAGE SEVEN
LOCAL N E W S
r"tny Thomas, insurance m an
of
Portland, who periodically calls
Mr. and Mrs. E R Mickelson
expect to move into their new on clients here.
home being painted this week, on
T anbark Lane. The Mickelsons
have been living at W inchuck Vil
lage. Roy Dimmick did the house Screened Sand, and Gravel
building.
F r a n k Chaprrtan, prominent
cattlem an of Pendleton, was a vis
itor here the first of the week with
m aintaining high production of vitally needed farm products, related
The national Hereford show a t
C. H. Young, executive vice-president of C urry County Bank, who tracted the first entry for the ’52
represents the Oregon Bankers Association as C urry County Agri Pacific International Livestock
cultural chairm an. “O perating a successful farm or ranch today Show an entry from the Coffer
requires a m uch larger investm ent than it did a few years ago.” he Hereford Ranch at Chehalis. Wn.
said. ”The average Oregon farm is larger than it was ten years This year's P.-I. is scheduled for
ago. In the face of the shortage of farm and ranch labor, this means O ctober 4th to 11th.
that more of the work m ust be done by machinery.
Four additional entries h a v e
"High levels of production are
been received, the largest o n e sition. It is the biggest c a ttle show
necessary not only to provide the banks made 1.112 additional farm being “Double M” Herefofrd ranch and sale of any breed held any-1
basic comm odities the world needs, and ranch real e state loans in an w ith space reservations for a herd 1 where in the United States. A ,
but also to justify the large in aggregate of 6.280.000. Yet. so of 25 head. The Haybrook H ere minimum of 400 head is expected
vestm ent in m odern agriculture. much of the m ortgage debt was ford ranch and the Joe F is h e r ; to be entered. The sale date is
In recent m onths, farm ers and paid off during the year that, on I lereford ranch have also in d i-1 1:30 p. m., Tuesday, Oct. 7.
ranchers have been faced with Dec. 31. 1951, the total am ount of cated their intentions to show.
rising costs of the things they buy this long-term debt outstanding
E ntries will be open until Sept.
and lower prices of the things had risen only $1,355,000 to a 20. Herds from all over the U. S.
they sell. Production is the key total of $10,622.00.
will be represented, according to
it) keeping agricu ltu re profitable.
“The fact that the sta te 's banks W alter Holt, exposition m anager,
“To fill th eir needs for capital, are serving particularly the oper especially from Wyoming. Idaho,
farm ers and ranchers have turned ators of small and moderate-sized Utah, M ontana and W ashington,
mostly to banks throughout the farm s and ranches is shown by the and Oregon.
The Coffer ranch entry will be
sta te .” Mr. Young said. Quoting size of the average loan made by
12
head of the famed white-faced
from the eleventh annual national banks during the year. The aver
survey of ag ricultural lending by age production loan was $3,485 cattle to compete in the National
7 »'re ford show at the big expo-
the /Xgricultural Commission of during 1951. and the average farm
the Am erican B ankers Associa real estate loan was $5,647.
tion. he noted th at “the vast m a
“The total of bank-held agricul
jority of farm and ranch loans tu ral debt outstanding in Oregon
Summer Cut Prices!
made by banks are for production on Janpary 1 of this year was
and operating requirem ents. In $42,086,000. excluding C. C. C.
Î951, the last full year of opera loans,” Mr. Young concluded.
tion Oregon banks serving agri
•
•
•
cultural com m unitiec loaned $88.-
Mill-wood, cord
$10.00
Dale W ard, employed at Gold
867,000 t o 24.807 farm ers and
ranchers for all types of financial Beach at the S tandard Stations Plywood Cores, cord $12.00
needs. Of this am ount, $82,587,000 was a caller here for a couple of
was borrowed by 23.695 farm ers days early this week. A m em l»
Any Length!
and ranchers to finance produc of Eve P rentice’s Accordion Bant
tion and operating needs. This he plans on entering Oregon S ta '
Phones 2546 or 2341
com pares w ith 23,628 production College this fail.
loans, totaling $70,106,000, d u r
ing 1950. These production loans
w ere quickly repaid, too. and only
^31,464.000 were outstanding at
"The Greatest Evangelistic Campaign oj the Era!"
Tii»' end of 1951
“The year 1951 was m arked by
a very small increase in the total
of bank-held farm and ranch m ort
Billy Graham's Portland Campaign
gage debt. indicating that this type
of borrowing is kept to a mini
ALL COLOR SOUND FILM
mum. At the beginning of the
PRODUCED ON THE SCENE RY
year, the total agricultural m ort
HOLLYWOOD EXPERTS
gage debt held by Oregon banks
was $9,267,000. D uring the year.
Salvage Sand
and Gravel
Top Soil
Fill Dirt
Drainage Rock
Phone 2341
Leonard Real E state
ARKS
BERUTIFULLy REBUILT
L & D. Wood Yard
TH E P O R T L A N D S T O R Y
©
Jake's Barber Shop
£
0
A
qj
HOURS:
f)
£
£
0
SEE AND HEAR:
The Men Behind the Campaign
i'he 1000-Yoice Choir
Cliff Barrow s and Bev Shea
The E ntire T ram , in action
The Man Who Talked to the Blind and the Deaf
The Unending Lines of Converts
Many of the 629.000 Who Attended the Cam paign
The Giant Tabernacle, by night anti da\
W eek Days, 9 a. m. to 6 p. m.
• • •
SATURDAYS
9:00 a. m. to 7:00 p. m.
• • *
At Baptist Community Church, at H:oo p. in.,
Ttco Barbers on Saturdays
FRIDAY, AUGUST 8, 1952
•Next
RICE
GUARANTEED— Beautifully Re-Built
Because of your many request«, STA RK 'S will have a representative
in Brookings next week and at regular intervals in the future.
V rite to 5 P. IK K ’S. 702 Willamette, Eugene.
W RITE TODAY
EOR F R E E HOME
DEMONSTRATION!
E U G E N E
To N ook Cafe
—
BROOKINGS
CLINK
A s k F o r G A M E R ’S
Office hours. 9 a. m. 5 p. m.
DR. R. E. S M IT H
D E N T IS T *
PH O N E 2831
Dr. Richard L. Smith
O PTO M ETR IST
ftuffy White Fine Breed
DR. ROY M W H IT E
OSTEOPATHIC PHYSICIAN
and Surgeon
T£’m cr0cncfrs at d a y Hour
I
PH O N E 2701
fi'icni«£7« by A ppointm ent
Afc Your Local Grocery