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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Aug. 2, 1928)
flrEfiroTtn amr; trtbttxk mtctvfotcp, ot?f,oo-. TTrrnsraY.' ahifst 2. PAtTR RTX -cr o Medford Airport Where Todays Aerial Circus Is Being Held o : Special Welcome to the American Legion and Ladies' Auxiliary A giant aerial circus is being held by Medford Post No. 15 foi Legionnaires, Auxiliary members and convention visitors at the Medford airport this afternoon. This circus will feature some breath taking stunts a"nd ove rthirty planes are participating in the preat aerial exhibition. Medford's airpcrt was the first official air mail landing field in Oregon and was recently the stopping place for the reliability air tour. It was oiiginally known as Barber field, being named in honor of Lowell Barber, a Medford flyer who was killed in combat during the World War. J m SIESTA WALL STREET E AFTER BUSIEST SIX MONTHS NRW YOrtK Wnll Street Ih lakinK rft nfter wlmt prnhnhly was the tuiHlcHt nix rnnnllm in Its; hlHinry. ,larkttp havo horn nm rnmpara tlvcly fitk-i; rumors ami runiMlm;? t iniperifltntr viMirt hnvi riown yon ! ; tin hill In ar" Hnintl 1 f' rual ini; anri Ihc hcarH less p I'M il -ln. CuMi'iihtm" niiims In lirnkcr ;tti IniiiHfs arc i atlHM' lHCrlMl tluriiiK Ihc hat wmher. I'l U-p? uf ltotli KlM-ltn aiul IhiikIh have been easing. Whlh' nuininally thtve arc tin' dayw itf ihc "liar jain liuntcr."' even Dial u.-ually 'uctivo bi'fd Iuih iK'cn lfn liUH.v. OHSt!llHUM lf Ullllil1 HCC1HS I t'f that until fall, at lpant, the niark yt vi . coiitimitt t f Piijuy siesta. Thft rpcord-lirPiiUinff first half i- !.' a iiifiiHy, hut it l a mem nry si con and alive. The HI root h;i.f not loiKoitrn the hull mailt- iH wliich foatinucit Cor more than four years and in May and .lui.1 in' I ;"'K developed lnla a sucrcHH Inn nf4,00n.(MHl-Hliare flayn and steadily ' rising prieOH. llrnlteiH' loaiiH exceeded fri.ooo.noo for Ihe Urm time In ItlHtory. Nw hlph price rorordt were lnatlc ami hrokcu only lo he nuidc anew. The cont (if Hlot'k Kelian.e inem heivhlps Hoarded to around (-l.on-itan. (VinnnlH.sion houweH were worked to capacity and record lrofiiH. The activities of the mar ket were "firs! pae irews" in the lomitry's newsiiapers and the en lire public became deeply interest . id The market kept hnilim; tint i 1 late J line, the strain I in icnslnK. l'reiliciiuns thai t his was only a I eL'InfllQK and that specula 1 ion would' !ft lain even greater vtduni" wit helnir made. Then the brejik. I'rohaldy fenr Hiat fni-ihcr eximn- ' sion of hriikers' loans would strain : the counlrty's credit l'aclllt ii-s Caused t he hreuk. A sudden de- li'llne in the at nek of the Ham-Italy Corporation, in vol veil wit h loun at hfuli rates nulled for payment 'far nut mi ihc I'aelllc ('nasi, made Iriiili'iM ii-rvnlis. A further drop of a few dollars a share from Die IiImIi levels I'.ancitaly had readied. dcspll wurnliiKS or its sponsors that It was "sellliiK out of line" with true value, made the entire speculative structure t reiuhle and soon the house of paper came slltheriiiK down, kIvIiik the mar ket its first :,. (-share day. Snl ccit tien t developments were quite as interesiln;. The f;u-t the ' con ti try had exported more than ; f400.ono.noo In nold within a few months attracted attention. The t Federal UcHervc, by Increasing its i redi'ount rate, put kick In H hiiiKestlon that hanks reduce tlieii-' borrow ins and so vcurh specula -; lifiu. Hanks henan ti withdraw Ion dm to obtain funds wit li which , to put their houses in order pre paratory to the J nne ;0 call by (lie com pi roller of 1 he currency for slat eiiient uf condition. Cor pora lions which had placed funds In I he money market to take ad vaniaue of rising interest rat ps suddenly withdrew their nfl'er injfs to meet their own mid-year InlcrcM ii nd dividend payments, which incidentally established a billion dollar record. Hates on call and time money. Hfchhoui of tin- market, heu;in 10 rise anew as demand for cash, rather than credit, became increav inuly Insistent., Call money touch ed ten percent, the highest since 1 " I . Time money rose to seven prr.'ent. lmmediatelv attention i shifted from the stock to the money market. Itrokers loans (declined; Kederal Ileserve hanks j Increased their rediscount rates to five percent; money became i 'Hp.ht' and the- tide of specula tion ebbed. Possibly the first half establish ed still another record. Whil. stock market prices dropped many ' points, wipiiiK out millions of dol I lars in paper profits and causing j lar'p losses to amateur and pro fessional speculators alike, the rte- cllno was ho orderly and under- lyitiK credit eonditiunH so sound I that t here were virtually no fail I uies and scarcely menalon of rin-lam-ial panic. The climate ol .Medford Is said to he much like that of northern Italy, wher etliere is abundance of ( sunshine and as a rule no very cold or very hot weather. The city has an elevation of l.tliK feel ubovc sea level, and in a mean temper mature of about Jin ilcKrecs. The ; mean temperature for the three I summer months Is about 111 de Kroes, ami for the three winter ! months 3ii decrees. Merlfoid Crater Take rjntoway. and fish Sportsmen of the Uokuo Hlver valley kno. wthe-deliht of landing the Itnya I Chinook salmon that weih twenty to forty pounds and even larger. They conic with ihe March a nd Apr(l snow,-flood wat ers of the ItoKtie and may he found in the river In the pools at the foot of rapids where ihe bin fellows link until ihe spawning season in ( ictobcr. The skilled nnnler uses the spoon or spinner In entice tiiem lo strike when I hey are in t heir sportive mood and are hooked. Sportsmen come annually irvni Seattle to l.os Angeles on ihe coast to enjoy this sport, one of the most recent prominent men to try his luck in the Kokuc beiliK Herbert Hoover, candidate for president of Hie Cniled States. Jackson county offers an ideal opport unity for the sportsman j uuriiiK me open season lor same dally for the annler. and the rod. reel nnd line are lare factors inducing the tourist to he on his way when weather .condi tions are propitious, HnKorinn long where a fly can be cast and deni zens of la lie and stream eagerly strike the deceiving yet tempting In re. Ilonue I liver valley is well supplied with streams fed from snow ami springs in and upon the mo 11 tit a in ra imes so short a dis tance to the eastward, anions them beiiiK the majestic peak praned with a crown of perpetual snow. Mount Mrl.ouKhlin, that for scenic beauty cannot he surpassed, 1 ho it may lie topped in height, by its Kister.s of t he group of snow capped peaks ihnt K'nce the Cas cade mi mi ut a 1 mh. HrcakliiK out from this ninun tain fastness, these clear cold streams work their tortuous way 1 hrotuih primeval forests seeking out the way to join the Hokuo to the sea. Some of these streams are of a size to he dignified by the name of river. They are fed by .smaller laical branches, and whether it he the stem nr branches the fisherman will always find the sportive trout he seeks, for branches and stems are the home of the trout, the most toothsome fish that inhabits the western waters. ! GREETINGS To Legionnaires and Members of the Auxiliary PEOPLES ELECTRIC STORE 214 W. Main Phone 12 WEL COME Legionnaires . and Auxiliary "This Is a Great Country" and OUR DRUG STORE. Is a good place to Buy Your PILLS Jarmin Woods THE OWL DRUG STORE Day Sgobel & Shippers of the Famous POLLY BRAND DEL RIO BRAND FOOTHILL BRAND WEEK'S MOUNTAIN BRAND I Crawford C. Lemon, Dist. Manager Phone 172 Medford, Ore. Minium GREETINGS IM THE WEST ART EUBBS, Mgr. WELCOME 1 Legionnaires and Auxiliary HUBBARD BROS. &m , , t, H-: Piiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiim Greetings to Legionnaires and Ladies' Auxiliary Members 4tt REX CAFE Open Night and Day Welcome Legionnaires and Women's Auxiliary CLUB CAFE Here you get the best at moderate price. Meals 3 5q and up o Open Day and Night Just off Main on the Pacific Highway T. P A. o AAA 121 East Main
