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Medford Airport Where Todays Aerial Circus Is Being Held
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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
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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.
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AAA
121 East Main