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About Capital journal. (Salem, Or.) 1919-1980 | View Entire Issue (April 26, 1956)
9 o o O o tSa1eiff, Oregon, Thursday, &pri 26, 1956 o o SHU CAPITAL J6TlNAfi BUSINESS MffiROR No Slmi'taw Appearing Yet Farmer Isn't Alone Of Farm Labor With Money Woes Come Until Berry Harvesting Big Demand Will Not new york ai-Sbe farmer isn t the only one with money trouble today. Tight money and costly credit plague many busines ses especially the smaller and .... ... least known ones tnnkinp with I ny MAnuAKIST MAtiEK ,i;fr it. r uTi raoltal Journal uvii difficulty for the loans or new cap Capital Journal Writer ital th m u One thing that has not crime' growth For those jobs that do need to be! . ., . , D.iimtiA oat uh ueiuanu lor done by hand there is an adequate supply of men Claude Litchfield of the local labor office said this week. Berry Picking Demand Both Litchfield and Don Rasmus sen of the Marion county agent's office said that the big demand for labor on the farm will not come until strawberry picking time. It will depend on the weather as to when that will be. though pick ing is not expected to start until some time in June. This means schools will be out and school chil dren can help with the harvest. Even during strawberry picking time there probably will not be the loans is eiieciively drying up available funds. Insurance com panies, with total assets above 90 billion dollars, report they are largely loaned up in carrying for their regular customers. At the same time, rising in terest rates and investor choosi ncss are making some new cor porate financing "sticky," and have caused some companies and local governments to cancel ear lier plans to seek money in the market. The prices of marketable U. S. government bonds have fallen meaning that the yield on them has risen in line with the increase demand for labor there has been in returns on other forms of lend in past years. The crop will be ing or investing, somewhat reduced this year, Ras- 0n nrim indicator of the mon- tiie board isn't trying to make money tighter t just isn't doing anything to make it easier. Why the big rush this spring to borrow money? Over and above the usual need for credit in busi ness operations have been two factors. One is that business in ventories have been, climbing. It takes money or credit to carry these inventories until they are used up eventually in production or through soles to consumers. A second factor has been the unexpected stepping up of plans to spend for new plants and equip ment. This has usually been ex plained as an urge to increase production capacity to meet future sales anticipation or to modern ize and thus trim production costs. But bankers say that fear of inflation may be behind the rush of business at this time to build up inventories and to place build ing Contracts and pnninmnnl orders. tie Reds- Fire Cepicka In Cult Drive Gottwald's Sort-in-Law Ousted F rowi Parly And Top Jobs VIENNA, Austria LfJ-Once one of Czechoslovakia s most powerful LonimtmHlA. Gen. Ale.xei Cepicka. is the hiie.M casualty in thu Red drive against the "cult of the in dividual," 1'raguc radio announced Cepicka, 46-year-old son-in-law o the late President Klement Gott-j wald, had been fired from his 1 posts as deputy premier and de-1 fense minister. He was also kicked ! out of the government politburo and dropped from the Central Committee of the Czech Commu nist party. The broadcast said, "Cepicka j committed serious mistakes in his capacity as minister as well as party leader." It said he was re I iftowd "frofti enrV sts by I t If ( ,.. C. It Ml lift A -111 .1 SIM- icfal meeting April 2 andthat President Antonin tipotocky nau approved the commit tea decision. Czech newspapers last week, ac cused Cepicka of practicing the "Cult of the individual." the charge now being; raised through out the Soviet bloc against- Stalin and many of his assuciat&s. Rohumih Loin sky, Copickas for mer deputy, was named new de fense minister by President Za 'petueky. The broadcast said the Central Committee also adopted an exten sive reform program including reorganization of the leadership of thu nation's economy, reorganiza tion of courts and state prosecu tion offices, decentralization of i tasks of national committees and reformation of the cuntiy's mass organizations. Section 2 Page m HUNGARIAN Pit ELATE DIES VIENNA, Austria LH Arch bishop Gyula Czapik, Hungary's highest ranking Roman Catholic prelate not under confinement, died Wednesday night, the Buda pest Radio announced. The broad cast said the 69-year.old Archbish op of Eser died in Budapest's Ferenc Hospital after an opera tion for intestinol cancer. mussen said this week, because of ey market the U. S. Treasury's injury 10 uie pianis. mere nasim j. i,:n cu ,,j, .i. oecn root ro ana also damage just climbed to 2.788 per cent. ,ie from wet soil as well as freeze highest cost for such borrowing damage. since the IBM hank holidnv when The next big demand for farm I it touched 4.259 per cent. How help will come during bean pick' ing season. However, it is still too early to tell what the demand will be at that time. Hoeing Jobs Right now there are a few jobs in hoeing strawberries, but ade quate help is available. Some arc also used in harvesting asparagus, for that still has to be cut by hand, but there are not many fields in this area. Sometime between the middle of May and the end of that month harvest of rhubarb will get under way, however, the only growers of rhubarb are in the Woodburn and Jefferson areas and these are few in numbers. This harvest is anoth er one of the farm jobs that has not been mechanized. It is pulled by hand and topped right in the field. Stringing beans is a farm job depending on the weather. How ever, here there is ample help and there is a machine that some of the growers use in this work. Hops, which used to demand ex tra labor in the spring time no longer do. There are now machines to do the work. May Overlap With the strawberry season in in the valley and the hill area ex tending over a period of from five to six weeks it is possible it may overlap with part of the cherry picking season. This could mean an extra demand for farm labor After the strawberries, the cane berries wilf begin to bear. The major cane berries acreage is Evergreen blackberries and Boy sen berries. However, gooseberries are on the increase. Loganberries, once a heavy crop in this area, are decreasing and Claude Litch field at the employment olticc said there had been heavy winter dam age to many of the fields of logan berries remaining. Red and black raspberries are also among the cane berries grown in this area and Rasmussen said there arc a few commercial grow ers of blueberries. Later in the summer there will be corn harvesting and picking of cucumbers. Corn is a crop bene fiting from the machine age and little hand labor is needed. Most of it is picked by a machine if it goes to the processor. Only that going to (he fresh market is picked ; by hand. Harvest of cucumbers does notl demand extra labor for most of the patches arc small and growers t try to see that they have pickers i from within their area for the ri pening of cucumbers depends a lot on the weather. Machinery Replaces Men Time was when hay and grain harvest time meant extra farm hands, but more and more machin ery is replacing men. Combines have taken the place of the old threshing machine and the hay is haled right in the field. However, they still haven't found a machine to take the bales from the field .and load them nor to handle the; sacks of grain. But even here the demand for labor does not exceed the supply. Onions, a major crop in this area, do not create a labor prob lem either. The grower can take cake of preparing the ground and planting and machinery does the harvesting. There is a time, how ever, when they demand extra help, but not in excessive num bersthis is when they are toppir them and preparing them for sell ing. Also this is a job that may come any time during the year, as some growers hold their onions for sale. much the Treasury has to pay to borrow each week usually shows how tight or easy the market may be although weekly fluctuations themselves may reflect on tem porary or special conditions. Bankers say the federal reserve has been following rather than leading the money market that its recent hike in the interest it charges member banks when they borrow was chiefly a step to get in line with rising interest charges everywhere as demands for loans have risen and available lending funds have shrunk. Bankers say Shot Through Head Causes SACRAMENTO, Calif, on A rifle bullet went through William H. Miller's head but he com plained only of a "slight head ache." Miller told authorities his .303 caliber rifle discharged accidental ly yesterday while he was clean ing it. The bullet entered just above his right eye. He said he walked half a block for help. 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