Image provided by: Ashland School District #5; Ashland, OR
About Southern Oregon miner. (Ashland, Or.) 1935-1946 | View Entire Issue (Jan. 12, 1950)
Thursday, Job-Seeker List Grows In Oregon P L A Y B E C O M E S A S C IE N C E —The lu c k le it child re n In Washington, D. C „ are those liv in g around P art« Ido playground w hich was rece ntly dedicated as a dream land fo r ch ild re n. B u ilt by the fathers o f Parkside's 430 child re n on th e ir spare tim e, the pla ygio un d features a cind er-block alrplnne, a ship, hurdles, tunnels and an am phitheater. Parkside g b ” s' the child re n a chance to use some im agination in m aking th e ir own games. 1949 Successful Year For First National Bank In Oregon “In 104» the First National Bank of Portland experienced one of its most successful years,” said President F N. Belgrano, Jr., In an interview today. "The year 1048, generally known us a banner year in business, pro duced net earnings per share for the First National Bank of Port land, of $10 34 On a comparable basis, the 1940 earnings per share were $10 67 The First National Board of Directors availed themselves of the us«- at u valuation reserve permitted by the Commissioner of Internal Revenue and set up from 194» earnings, the sum of $598,492 61, as a reserve for pos sible loan losses which may be applied against any loan losses which may develop in the fu t ure, and not allocated to any particular loan or type of loan The deduction of this sizeable amount from net earnings re sulted in a net per share earn ings after this deduction of $9.00 per share during 1949. Belgrano stated. After the pu^nent of d ivi dends, there was an addition to capital funds of $2,521.586 83, bringing the capital funds of the First National Bank of Portland to a new high of $33,042,322 69 This addition is an Increase of $7.00 per share in the book value of the bank's stock, which is re- ported at a new high of $91.78® per share In December, First National transferred $3,000,000 from the undivided profits account to the surplus account, making the sur plus $15,500,000. With capital of $4,500,000, this gives total capi tal and surplus of $20,000,000 In addition to these capital funds, the undivided profits account is $13,042,322 69, or a total capital fund of $33,042,322.69 “Although the earnings of The First Nulional Bank were great er In 1949 than in 1948, we look forward with confidence and cn thusiasm to 1950, with every reason to believe that earnings can be maintained at a high lev el." Belgrano concluded. Sportsmen To Participate In 1950 Angling Rules Sportmen are making numer ous recommendations regardinj the 1950 angling regulations stated Mr Charles A Lockwood Oregon State Game Director Lockwood reminded anglers tha the public hearing ccncerninj angling regulations w ill be hek in the Portland office of th< Oregon State Game Commissior at 10:00 a m , January 13. The public is invited, and rep resentatives of organizations an< individuals w ill all be heard. Foi accuracy in the record, though Lockwood requested that all im portant facts and statements b< submitted in writing. SOUTHWEST PRESBYTRY Tentative regulations for th< MEETS TUESDAY coming year w ill be announce The Southwest Oregon Presb after the public hearing Th tery met on Tuesday, January Commission w ill reconvene afti 10th at Rogue River. The two a two week interval, make an delegates from the local Presb- changes deemed necessary, an yterian church were the pastor, set the final angling regulation Rev George S Shuman and j for the year 1950 Elder C. C. Hartley. An i n v i t a t i - ----------------——-------------------------- on was extended to Presbytery to hold its next regular meet Pet Foods and Farm Supplies ing in Ashland in April. January 12, 1950 Ashland, Oregon Sc- them Oregon New* Review TO MINNESOTA J. B Austin, Ashland city re Oregon's employment offices reported 69,000 persons actively seeking work this week for the I largest year-end figure since the war This compared with 55,- 300 a month ago and 59,600 a year ago, according to the State Unemployment Cqmpensation Commission. Most of last month’s newly unemployed came from lumber and logging districts, where cold weather and snow bjryght about curtailment of operations. The December increase of 13,700 was considerably under the 22,000 lay-offs reported during Decem ber, 1948, and officials remain ed hopeful that this winter’s peak, probably in February, would fall short of the 93,000 al-time high reported a year ago Highest numerical increase from any local office area came from Eugene, where 6,200 were available for jobs compared with 4,850 a month ago and 3,600 a year ago. The biggest percen tage increase, however, was at B e n d , w h e r e unemployment jumped from 600 to 1,300 dur ing December because of season-1 al shutdowns in construction, lumber and logging, and food processing. In the Portland area 22,500 were reported out of work _ 1,200 more than a month ago and about 5,000 more than a year ago. Exact comparisons with last year, however, were not available because of the estab lishment last May of a new em ployment office at Hillsboro to serve Washington county. Snow in the foothills and other seas onal conditions upped Hillsbor o’s idle workers from 1,600 to 2,600 last month. Other offices with increases of more than 50 per cent includ ed: Medford 1,400 to 2,250 Oregon City 1,950 to 3,100 The Dalles 525 to 800; Baker 625 to 950; and Lebanon 1,200 to 1,800. Least change was noted at Free water, where only 15 were ad ded to December 1 report of 600 workers. corder, and Fritz Koester, man ager of the Copeland Yards here, left Friday for Minnesota, where Austin will visit a sister, Mrs. C. V. Phillips, at Wadena, and Koester wilt visit relatives at ZONOLITE Austin. INSULATION A T T IC -F ILL FIREPROOF. Mr Austin will also visit his family liomc at Milner, North Dakota, and transact business while there. The two men expect to re turn in about two weeks Here’« Ht» «My, pU*»*irt » *y * • *«o**yl ZONOLITE* intwUtioR »ill cut at •n*ck M 40% oH yo*» tu*l bill, tad M left reel *<©»*«ay! 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