PAGE SEVEN
You Can't Afford to Miss the Buying Opportunities Listed Here
MEDFORD MAIL TRIBUNE, MEDFOKD. OREGON, TUESDAY. XOEMBER 21, 1933.
Why -
Not '
Try a
Want-Ad?
WUTl to Mil rout noma? Wut
to got rid ol tew odd ana
tads In nousenotd tunuantngei
Oo you need toole lot rui gar
den An mexpenalve want-Ao
in the Uall moune olaaeilieo
Pag will find the answer tc
mas and man otbei perplexing
oroblema.
H re Are the Rates:
pat word tint insertion at
(Minimum 35c)
eacb additional Insertion.
pei word lc
(Minimum fto)
pat Una pet month, without
eopj change
a 75
Phon
LOST AND FOUND
lost In Medford, oval brooch, pur
pie setting: belonged to dead ulster
Reward. Return to Mall Tribune.
LOST Between Klamath Palls and
Ashland. black traveling bag. Re
ward. Leave at Tribune Office.
LOST Little black dog. white spot
on neck. Please return to Carglll
Court. Reward. Mri. B. H. Porter.
LOST Dark brown kid glove for lelt
hand. Please return to Margaret
Hensley. Mall Tribune.
LOST 11 dog missing, call 1516.
WANTED MALE HELP
nw wanted between the age of 16
and 18 as companion to man In the
country this winter.-hot i'"".
une.
WANTED SITUATION ,
WANTED Party with cows to Tease.
Equipped dairy ranch. Box 986. Mall
Tribune.
MOTHER and three daughters must
have emplovment to keep four
younger children in school. House
keeping, care of children or any
other work. Local references. Box
955, Tribune.
WANTED Position by experienced
stenographer and bookkeeper. Write
box 1039. Tribune.
WANTED Children to care for. Tel.
1368-X. - -
WANTED MISCELLANEOUS
WANTED Used Maytag 'with gas
motor. Phone 35-F-3, Eagle Point.
WANTED To lease ranch by experi
enced man with equipment; living
quarters for family; also barn. Fair
distance from school. Write Box
1002, Tribune.
WANTED Two-way plow. Must he
In good shape and reasonable.
Phone 776-B-3.
WANTED Cross-cut and drag saw.
Mrs. Wilson, Talent.
WANTED Used electric range, give
price, make and condition. Box 903,
Mall Tribune.
WANTED Blacksmith forge. P. O.
Box 650. Medford.
WANTED Lady unincumbered be
tween 35 and 50 for housework on
ranch. Address Box 972. Mall Trlb-
I Un' '- -DO
YOU OWN a flat-roofed building?
Vou should have the same Inspect
ed free of charge before the rainy
season. Phone 7, Timber Products
,Co.
WANTED Twin cylinder motorcycle
Jennings Tire Co., 127 N. Riverside.
WANTED To buy good horse, weight
about 1400 lbs. KC, care Mall Tri
bune. tr
WANTED To keep good team horses
for board. Good feed. Adolf Schulr..
Beagle. Ore.
WANTED Used Harley 74 motorcycle
809 So. Newtown.
WANTED Light 3-whcel trailer.
Must be cheap. Box 1101. Trloune.
WANTED Electric radio. Must be
reasonable. Box 368. Tribune.
WILL care for elderly sick people In
my home. Phone 437-X.
WANTED Household good, stoves
tools or what have you Medtord
Bargain House. 37 N Grape St. Tel
1063.
JUNR WANTED
'We pay cash tot JUNK BATTERIES
ft RAOIAIORS ALUMINUM
BRASS. COPPER ft unk of ail
descrlDtlons
MEDFORD BARGAIN HOUSE
37 No Orepo Tel 1M3
WANTED Raw furs. Prices advanced
from 25cj to 50"!.. It will pay you
to trap. New and used trips for
ale. Medford Barcsln Horn. Med
ford. Oreson. 27 North Grape St..
Phone 1063.
FOR RENT HOUSES
FOR RENT Nice house for sroil!
family; unfurnished. Inquire 2S4
Beatty St.
11 UNFURNISHED 3 room modern.
821 Oak St.
FOR RENT 7 room modern hou.
range and heater $12.50; water paid.
Inquire 413 Benson St.
FOR RENT 931 Queen Anne. 4-roo;n
stucco home; jhardwood floors, (ire
Place, electric ramie, basement and
pipeless houir lurnace, 125 00 and
water. Charles R Rsv. Realtor.
Medtord Bid. Phone 302.
POR RENT Residence, good location.
Phone 25B-J.
POP RENT 6-room house. part:y
furnished; nwly decorated, clean
8'.h and 0.kd.e. ca.l at 5.8 tso
Oad..
FOR REM HOUSES
FOR RENT Modern 4-room furnish
ed house, garage; adults; reason
able. 44 Willamette Ave.
Homes for rent Call
FOR RENT s-room house, partly
inrnisnea; garden and irult. Tel.
873 or 1315-W.
FOR RENT 8-room house. 338 No.
Central. Inquire at Klein the
Tailor.
NEAT modern turn. .4-room house,
336 Crater Lake Ave.
FOR RENT 5-room modern house,
east side. Tel. 1658.
Pol RENT Homes, furnished or
unfurnished. Brown 6s White.
houses 110. $120 and $16. water
paid; wood range. Phone 105.
FOR RENT 7-room modern home, 3
bedrooms. 0. A. DeVoa, 523-J-2.
n par month, 5-room house on
$sQ vew lot at 115 Willamette:
- fireplace, wash trays, hard
wood floors; very modern. Key at
union savings as Loan, 45 so. cen
tral. FOR RENT New modern 4-room
house, with basement. Redden 6s
Co.
FOR UliNl APARTMENTS
FURNISHED apt.; radio, oil heat, prl
vate entrance. 518 s. Oakdale.
FURNISHED apartment. 317 W. 2nd.
FOR RENT Apts. 625 No. Riverside
FOR RENT 4-room' duplex apart
ment, electric refrigerator and
range, breakfast nook lurnace
otherwise unfurnished Phone 442
or call w A Gates at Groceteria.
FOR RENT ROOM AND BOARD
BOARD AND ROOM at 716 E Main
Rates very moderate.
FOR RENT FURNISHED ROOMS
ATTRACTIVE rooms. 404 8 Grape.
FOR RENT MISCELLANEOUS
BACHELOR cabin. 445 So. Front.
FOR EXCHANGE
FOR SALE OR TRADE 1926 Ford
pickup In good condition. River
side Apt. No. 9.
EWES and city property to trade for
what have you? C. A. DeVoe. Ph.
523-J-2.
TO TRADE Milch cows and wood for
closed car. Zemke. Rt. 1, Talent.
FOR SALE 2 good milch cows or
win trade for grain or poultry.
Mrs. Tucker. Ross Lane.
FOR SALE OR TRADE White electric
sewing machine for light sedan.
Box 638. Tribune.
FOR EXCHANGE REAL ESTATE
FOR TRADE 70 acres. 16 acres al
falfa, 5 room bungalow, large good
.....barn, garage and chicken house. Has
wen and pump for irrigation, a
very desirable place. No incum
brance. Will consider unlncumber
. ed house In Medford for first pay
ment end give terms on balcnce
J. C. Barnes, Real Estate, Phone
910-Y. 20 No. Peach St.
FOR SALE REAL ESTATE
ACREAGE homes, large Az small; city
property: placer mines and dalrys.
Plenty water. Roberts, 720 W. 2nd.
rnone iob-j.
BARGAIN PRICE 2 acres garden
land and smsll house. Geo. Mcclain.
Phoenix.
WHEN you think ol real estate, think
ol Brown & white.
FOR SALE HOMES
A DREAM HOME BARGAIN
AJ . Consisting of 5 rooms.
mZ I Nil living room, hardwood
floors, fireplace; dining
room, hardwood floor; kitchen with
the very latest of modern butlt-lns;
2 light, cheerful bedrooms, large
clotlvs closets! tile bath, shower;
home In excellent condition, paint
ed walls, newly painted outside,
concrete foundation, cement drive
way and curbing, good garage,
abundance of shrubs and lawn, in
good location on East aide. Form
erly sold for $5500.00 listed with
us exclusively for the ridiculously
low price pf $2100.00 $500.00 down,
balance on terms to suit responsi
ble parties.
ALSO
I M ft n n Dairy and stock ranch In
$42 00 Applegate country.
noted for Its dairy ana
stock raising. 80 acres, about 18
acres in allalla, 35 acres grain and
corn land, balance of acreage In
timber and pasture, paid up water
rlgnt. creek inrougn place, o-room
house, good barn, place all fenced.
4 mile from school. 3 miles from
store and Post Office, good r-Mrt.
Total price $420000. Some terms.
or might take home In Medford as
part payment, unaries a. wing
Agency, inc.. 109 E. Main St.
HOME near school Phone 1233-W.
WANTF.D REAL ESTATE
WANTED To buy 5 or TO-acre tract
with house and barn. Box 1066.
Tribune.
FOR SALE POULT RT
TURKEYS FOR SALE Dressed or
live. Phone 539-J-l. Mrs. D. W.
Luke.
FOR SALE A few choice bronze
toma for breeding purposes 18c on
foot. S me a soon as possible.
Phon I8-X-1, Clyde Hanson, Cen
tral point.
FOR SALE Blalt Minorca rooster,
pure strain 1 00. I O. I. C. hour
300 lb. 12.00. Coxa trade for pul
lets. H-iiph WHsoa, Central Point,
phone 111-X-l.
FOR SALE Rhode Island Rd cock
ercls selected from trapnested high
1 producing stock, for breeding. Cum
mines Poultry Ranch, 5 mllea out
Msdwa? Road.
rOR MI.LDOliS AM PETS
! ROLLER CANARIES. Phone 521-J-2.
FOR SALE MISCELLANEOUS
TWO wed heating stoves for sale. 109
E 8th St.
FOR B.fe IJVKJ4TOCK
! FOR SALE weaner p-a- Adolph
j o:iuz. fiefcjLe ' "
FOR SALE LIVESTOCK
FOR SALE Good family oow. also
ton of hay. Price right. M. J.
Randall, Jacksonvllle-Phoenlx road.
$1000.00 worth of black raccoons for
quick sale, $250.00 cash. Rainbow
Gibson, Weasku Inn, Grants Pass.
FOR SALE Weaner pigs.
Farm, central point.
FOR SALE One 3-year-old Jack. P.
O. Box 95, Phoenix.
FOR SALE MISCELLANEOUS
FOR SALE 2 Servian rugs, large
walnut chest, cedar lined; uphol
stered chair, large heating stove,
and other nouschold furniture.
Tel. 108-J-2.
FOR SALE 20 ton of hay. Phone
98-J.
NEW shipment of apartment or end
table radios. $33.50. Don's Radio
Service. Phone 668.
FOR modern, quick Fuel OH Delivery
call 332. Relnklng Trucking Co. We
give S. As H. Green Stamps.
FOR SALE Delicious apples. Big Sev
en Warehouse.
FOR SALE Hubbard squash. $1 per
100 delivered. Phone 1368-X.
APPLES from 20 to 75 cents a box in
small or large lots. O. V. Myers
Orchard. Phone 258-J.
FOR SALE Seed barley, also straw.
Phone 17-F-3.
FOR SALE Heating plant, across
from Medford Hotel.
FOR SALE CHEAP EASY TERMS
A Delco light plant.
A 1-horse electric motor.
A refrigerator, electric.
A piano; a new oil burner.
Commercial Finance Corporation.
Phone 31.
FOR SALE Hay. wheat, barley and
corn. O. A. DeVoe. Tel 623-J-2.
FOR SALE Hungarian vetch eeed
Phone 623-J-4.
FOR SALE Used sewtng machine, all
makes; term if desired All
makes rented and repaired White
Sowing Machine Co. 24 N Bartlett
FOR sand, gravel, sediment, fertilizer
and teaming. Phone 912-J.
PERSONAL
GIFTED CLAIRVOYANT and Palmist
Truthful advice on business love,
marriage Rainbow Auto Camp
cabin 3.
. FOR SALE AUTOMOBILES
1931 67 Bulck 4-door sedan.
1929 Bulck 4-door sedan.
1929 Bulck sport coupe.
1930 Chevrolet coupe.
1927 Chevrolet touring.
1926 willy's Knight 4-door sedsn.
1928 light 6 Studebaker 4-door se
dan.
SKINNER'S OARAGE '
Bulck - Pontlac Sales As Service
So. Riverside. Tel 102
USED CARS
BETTER CARS for lew money.
30 to 60-Day Guarantee.
Low Finance Rates.
1931 Chev. Sport Coupe.
1930 Bulck Coupe.
1928 Chev. 4-door Sedan.
1927 Chev. 4-door Sedan.
1929 Chrysler 75 Coupe.
1932 Terraplane Coupe.
1929 Ford A Sedan.
1927 Chrysler 0 Sedan.
Also a number or others to choose
from.
ARMSTRONG MOTORS, INC.
38 N. Riverside.
MISCELLANEOUS
BUY SELL TRADE
GUNS, boats, motors, sporting goods,
store, office fixtures, etc. 317 No.
Riverside.
DIABETICS: Seattle man finds com
plete relief In "severe cases with
simple natural method after spe
cialists failed. No needles, no star
vation. All letters answered. N. H.
Boles. 321 Bay view Bldg., Seattle,
GOLD BOUGHT Redden Sc Co. Got
our new prices.
IP YOUR ROOF leaks phone No. 7.
Timber Products Co., for inspection
and repairs.
WE HAVE BUYERS for Gold Prop
erties, both placer and lode. Send
complete information to Harry S.
Fry & Company, 417 Davis BIdg..
Portland, Ore.
I BUY gold and loan money. Cecil
Jennings, corner Front and Main
Authorized FrtgldaLre Service. Other
makes rep. Tel. 427; aigbt flow
BUSINESS OPIMJKTUNIITIB8
POR SALE Interest in gold mine
Partner wanted with some cash to
operate. Big pay uncovered Box 93.
Phoenix. Oregon,
BUSINESS U1UECTOBY
Abstract a.
MURRAY ABSTRACT CO. AO tracts
of Title. Title Insurance. Rooms s
and 6, No. 32 North Central Ave
upstaira.
JACKSON CO.
ABSTRACT CO.
Abstract of Title and
Title I nt ti ranee. The
only complete Title
System in J ark ion
County.
Expert tVlnovw Cleaners.
LET GEORGE DO IT Tel 1172
House cleaning Flout Waxing Ori
ental Rug Cleaning, specialty.
Money to Lend.
WE LEND MONEY ON FURNITURE
AND LATE MODEL AUTOS
Three pei cent per month oo un
paid balance No other charges fl
W E Thomaa. 4A SouUi CesiMi
ground floor Craterian Theater
Bidg. State License No 6-157.
Ji Printing.
MAIL TRIBUNE JOB DEPARTMENT
Beat equipped plant in aoutnvD
Oretton Printing of all kinds; ook
binding: loose -leaf ledgere. a o d
olank. billing systems, duplicating
cash sales dip and everything tn
in- printing une 8-4U N. urape
Phojia J4, - -
BUSINESS DIRECTORV
BADS TRANSFER Si aTORAOB CO.
Office 1016 No. Central. Phone 315
Price right Service guaranteed
RFINK1NG TRUCKING CO. Trans
fer and storage. We haul anything
at a reasonable price. Ill No. Fir
Street, phone 332.
HAWLEY TRANSFER Expert pack
ers and movers. Special livestock
moving equipment, prices right
619 North Riverside. Phone 1044-X
Painting and Paperhangltlg.
M. A BLISS Painting and paper
banging Tel. 649-W 313 8 Grape
LEUAL NOTICES
NO. 13771
Treasury Department
Office of Comptroller of the Currency
Washington. D. O.. September 11. 1933
. Whereas, by satisfactory ovldenoe
presented to the undersigned. It has
been made to appear that "Medford
National Bank. in the City ol Med
ford. in -the County of Jackson and
State ol Oregon, na compiled witb
all the provision of the Statutes ol
the United States required to be
compiled with before an association
shaii be authorized to commence the
ousineas ol Banking;
Now. therefore. I. J. F. T. O'Connor
Comptroller ol the Currency, do here
by certify that "Medford National
Bank," in the City of Medford. in the
Cuunty of Jackson and State of Ore
gon, is authorized to commence the
business of Banking as .provided in
Section Fifty-one Hundred and Sixty
nine of the Revised Statutes of the
Un.ted States.
In testimony whereof, witness my
hand and seal of office this eleventh
day of September 1933.
(Seal of the Comptroller of the Cur
rency. Treasury Department.)
(Signed) J. F. T O'CONNOR
Liquidation Notice.
The MedJrod National Bank locatea
at Medford in the State of Oregon la
closing ita affairs. All note-holders
and other creditors are he rem noti
fied to present the notes and other
claims against the association for
payment
Dated Sept. 20, 1933.
GEO T. FREY. Cashier.
Reorganization Notice.
Medford National Bank.
Medford National Bank locateo at
Medford in the state of Oregon re
ceived charter No 13771 dated Sep
cemoer n, iwaa anu commenced tms
ness September 13. 1633 The new
bank is a continuation of the old
baxk -excepting that it is organized
under the Banking Act of 1933. and
has an entirely new Capital ol 100,-
000 CO
Dated Sept 20. 1933.
GEO. T. FREY. Cailier.
Notice of Henrlng on Final Report
anu Account or-Administratrix.
In the County Court of the state of
Oregon for the County of Jackson.
In the Matter of the Estate of liach
cameron (also sometimes known as
Zachery Cameron. Deceased.
Notice is hereby aiven jsv th un
dersigned as the Administratrix of
we estate of the above named Zach
Cameron, deceased, that said Admln-
atratrix aid on the 20th day of No
vember, 1933, file In the above en
titled Court and cause her verified
Final Report and Account, asking that
the same be approved, the Adminis
tratrix discharged, her bond exoner
ated, the property of the estate dis
tributed to Corinne Murphy, sole heir
of the said decedent, and that final
settlement of the estate be made, and
tne estate be closed: that actlntr unon
said Final Report and Account tie
Honorable Earl B. Day, Judce of the
said Court, duly made and entered an
order setting the hour of 11 :00 o'clock
a. m., on December 20th, 1933, as the
time, and the court room of the above
entitled court as the place, for the
?.'ail Tribune Daily
ACROSS
1. Pretense
E. Cold dish
10. Unable to find
the way
M. Outdoor frame
15. Uraw forth
18. Notion
17, Masculine
name
IK. Is furious
19. Implement for
dressing the
hair
Cylindrical
22. Genus of th
candvtuft
24. Units of
weight
W. Metal
27. Hefctaurnrit
10. Communica
tion
St. Rmljelllfth ,
3S. Tear apart
$7, European
rlnch
t. Small horst
i?. Haltpeter
4L Any Hindu
deity
4?. Rcforo
41. CookinR con
trive n re
4S. Openwork
fahric
IS. Small In-
closed forti
fication I. tTrexpectedly
So. Heap
11. Diy
Solution of Yesterday's Puzzle
QUDSC4MPcRlyl
f L ASo nMo RIbTTt &
I VYl4 PAL jjC ON
ikAPHTuMPlEiR
S Yr1uP4 BftALT
1MMle jJiLA NMI
2.9. U RwlLT TJE N
O P SR I pE FiM 6 F
S3. Palty
5. Character In
"Pickwick
Papers"
69. Continent
SO. Ltftt name of
Columbus'
M. Terrible
fiV Orderly
Coral island
til. Wicl.e.l
fS. Venture
65. Narrow parts
nf hot l Its
70. Refuse
2 3 I Viys I4 17 lfl I? V-7, I" 'Z M
ym
4 ?fTt T " w re-
2i ; si
l
11 2B 21 yafsf
t: m
. 3S 3i 37
4 gw
.
BS' SI
snz-tr -Tf- r
V, : V: '
.Mil rm 1 sH 1 1
hearing of any objections to said
Final Report and Account, and requir
ing any heir, creditor or other person
interested In said estate to, on or be
fore the day so appointed for such
hearing and settlement, file his ob
jections thereto, and to any particu
lar items thereof, specifying the par
ticulars of such objections, and di
recting that this notice be published
as provided by law.
Notice is therefore given that all
such person having any such ob
jections file the same In this court
and cause prior to said hearing and
settlement.
Dated at Medford. Oregon, this 20th
day of November. 1933.
CORINNE MURPHY.
As Administratrix of the Estate
of Zach Cameron, Deceased.
Notice or Sheriff's Sale.
By virtue of an execution on fore
closure duly Issued out oi and under
the seal of the Circuit Court of the
State of Oregon, tn and for the Coun
ty of Jackson, to me directed and
dated on the 26th day of October,
1933. in a certain action therein,
wherein The United States National
Bank of Eugene, as Plaintiff, recov
ered decree against Ira A. Baker And
Effie D. Baker, husband and wife, r-he
defendants, for the sum of Three
Thousand and no-100 ( 93000.00) Dol
lars, with interest thereon at the rate
of six per cent per annum from the
21st day of April, 1932. with costs
nr.d disbursements taxed at $12 83.
and the further sum of $450.00. as
attorney's fees, which decree was en
rolled and docketed In the Clerk's
office of said Court n said County
on the 25th day of October, 1933.
Notice is hereby given that, pur
suant to the terms of the said exe
cution, 1 will on the 2nd day of De
cember. 1033. at 10:00 o'clock a. m..
at the front door of the Courthouse
In the City of Medford. In Jackson
County. Oregon, offer for sale and
will sell at public auction for cash
to the highest bidder, to satisfy said
Judgment, together with the costs of
this sale, subject to redemption as
provided by law. all of the right,
title and interest that the said 1e
fendants, Ira A. Baker and Effie D.
Baker, husband and wife, had on the
21st day of October. 1931. or now have
in and to the following described
property, situated in the County of
Jackfon. State of Oregon, to-wlt:
Commence at the Southwest Cor
ner of the Northwest Quarter of
the Northeast Quarter of Section
36 In Township 37 South of Ran;e
2 West of the Willamette Meridian,
and running thence East along the
Public Highway 702 feet; thence
North b65 feet and 3 Inches; thence
West 70? feet to the West line of
said Northwest Quarter of the i
Nortneast Quarter of said Section:
thence South 665 feet and 3 Inches
to the place of beginning, contain
ing 10.72 acres, more or less.
Dated this 28th day of October,
1933. WALTER J. OLMSCHEID,
Sheriff of Jackson County, Oregon.
By OLGA E. ANDERSON. Deputy.
LADIES PUN DINNER
Ladles of the Jacksonville Grange
are to give, another oi their well
known dinners, Friday evening from
8 until 7:30 o'clock. A well planned
chicken dinner with all the trimmings
has been prepared ror the pleasure
of those attending. The dinner will
be served in the dining room of the
Grange hall.
A good program and dancing will
be included In the price of the even
ing. Added attractions will be the
candy sale, fancy work booth and
other booths.
There will be something doing trie
whole evening.
For window glass see Hubbard Bros.
Cross-Word Puzzie
11. Scent
12. Half: prefix
13. Shoe latcheti
31. Lacerated
23. Political dicta
tor SB. Marked with
small par
allel grooves
36. Momentum
27. Antic
38. Worship
29. Havlriff the
bones re
moved 81. Sphere of
action
33. Donor
33. Growing out
3. Pronoun
39. Teer
40. Extensions of
subscriptions.
43. Destroy
44, Uncommon
47. Narcotic
43. United by
fusing het
2. Finely divided
fork
KJ. On the ocean
54. One v,ho can
not he be
lieved RflKide
57. Ireland
M. Depend
si. devoured
fii. Fn bilious bird
ti Kind or clan
DOWN
1. Smnll quarrel
2. Oalty
I. Wlnglfke
4. Pertaining to
money
5. rsim
fi. City In Okla
homa 7. Carry with
ilifTlculty
1. P'aying card
10. IlavtniT au
thoritative ptrmltalon
Cfhe WEEK'S TREND
- in Business and Finance
By Laurence W. Schmidt, Director ef Research
O Administrative and Research Corporation, Nev York
By Lawrence W. Schmidt,
Director of Research, Administrative
and Research Corporation.
Uttle Change In Business Activity.
The trend of business for the past
week ' shows no appreciable change
from the previous week's level. Al
though a seasonal decline la normal,
the steel Industry operated at about
25.5 per cent of capacity, the same
a& last week. Electric power produc
tion for the week was up sharply
with a gain of 6.3 per cent over a
year ago. as against a 3 8 Increase ol
the week before. As an lmpertant
business Index, the record of elec
tric output substantiates the opin
ions of last week that a moderate
revival In business was imminent.
Improvement was Indicated partic
ularly in the Industrial sections.
Automobile output, continued lta
seasonal decline t and dipped below
the volume of the same week of last
year. Freight car loadings, coal
production and petroleum output
were also off slightly.
Aflmlnlstrutlvc Accord on Monetnry
Policy.
With Henry Morgcnthau, Jr., gov
ernor of the farm credit administra
tion, relieving Dean Acheson of his'
position of under secretary of the
treasury and assuming the direction
of the treasury department during
an extended absence of William H.
Woodin, a spirit of harmony was es
tablished this week In high admin
istrative circles on the policy of de
pressing the value of the dollar by
dealing in gold.
While the price of gold fixed by
the reconstruction finance corpora
tion Wednesday was 33.56 per ounce
unchanged from the previous
day's flpure speculative reaction to
the change In personnel in the
treasury department pushed the val
uation of the dollar on foreign ex
changes below 60 cents for the first
time since the government agency
began Its gold purchases.
Essence of New Monetary Theory.
Behind the administration's cur
rency policy Is the belief that by
raising the price of gold and thereby
reducing the value of the doll at
commodity prices will advance at
about the same rate. On the other
hand, the belief Is that by selling
gold at reduced prices t.he trend oi
commodity price levels can be turn
ed downward. By this process. It is
held, the price level of commodities
can be brought up to the 1026 av
erages and maintained at those lev
els. How K Has Worked so Far.
Tho RFC has advanced the price
of gold from 29.80 an ounce on Oc
tober 32 (date oX. inception of new
policy) to $33.66 an ounce, an in
crease of approximately ia per cent.
Prices of wheat and other farm com
modities have gone up at about the
same rate, while cotton prices have
advanced In the enlghborhood of 7
per cent. Industrial stocks are about
18 per cent above the levela of Oc
tober 32.
Criticism or the Policy.
Bust new men and bankers gravely
doubt not only the efficacy of the
unorthodox monetary policy but em
phatically contend that there is real
danger of uncontrolled and extreme
Inflation. Lack of confidence is re
flected by the erratic movements In
security and commodity markets and
the continued flight of capital to
Europe.
Silver to the Fore.
Increasing la the belief that stiver
will play an Important part In the
future monetary policy of the United
States. Numerous plana for Its use
are being submitted to Washington
and the subject will be up before
congress when Vie silver pact adopt
ed by the world economic conference
is presented for ratification.
The possibility of Injection of ad
ditional silver Into the monetary
metal reserves of the country Is re
flected In the recent rise of silver
prices to around 44 cents an ounce
about 30 cents above the price a
year ago.
Leading among the plans advocat
ed is the suggestion that the dollar
when revalued contained a certain
amount of gold at a fixed price and
that the balance be silver. ' For ex
ample, If tho dollar should contain
00 cents of gold the remaining 40
cents would be backed by silver at
the market value.
Recovery of Earnings.
More than ten times ahead of last
year are earnings of 236 industrial
companies for the first nine months
of 1033. The figures compiled hy
the Standard Statistics company
show that the total net Income ol
industrial corporations which .have
thua far reported on their results ot
operation for the first three-quarters
of this year reached $183,400,000 as
compared with $17,313,000 in the
corresponding period of 1032.
The earnings of 25 railroads iggre
gated $20,676,000, In contrast to a
net deficit of $1,430,000 last year,
Unfavorable, however, were public
mimy earning., which for 20 com
panles totalled $242,742.000 a de
cline of 14 3 per cent from the $283,-
385,000 earned for the first three
quarters of 1032.
Improvement In earnings was fair
ly well distributed among major In-
induatdiai groups la apparent, th
report states. T.he best relative ner.
formancea were Indented In the
chemical, oil, automobile, steel and
textile trad.
Ortoher Hairs for Chain Stores tp
filthily.
A gain of 4 8 per cent In aales dur
ing October over the an me month
of last year la Indicated by the re
ports of the first twenty chain
store whleh have been received.
NBA Profiteering I ndrr Hcrutlny.
Back at his dak after a "swing
around the circle," National Recov
ery Administrator Johnson an
nounced that ihe drive aaalnst
rhiaeiera" would begin In earnest
wit,, a series of public hearings be
ginning December 13 on complaint
of profiteering muter the crKi and
blue ratrle agreements.
HebuUdlnf the Baiiklni fctruvliue.
Evolving Irom tho lar-llung activ
ities of aeveral government agencies
1 a centrally controlled banking
structure for this country.
At the top of the structure Is the
Federal Deposit Insurance Corpora-
tion, of which federal reserve mem
bcr banks automatically become
members when the Insurance plan
goes Into effect January 1. Already
more than M per cent of the state
banks not membera of the federal
reserve system have applied for
membership. There are 8,300 banks
of this class In tthe country. Up to
tho end of last week over 4.500 had
filed their applications.
In order to re-open closed bsnks
In communities without banking
service and to rebuild tho capital
structurea of weakened banks so
that they may qualify for member
ship In the Insurance fund, the re
construction finance corporation 1
purchasing and making loans on pre
ferred stock and capital notos from
banks.
Since the passage of the emerg
ency banking act, the RFC ha
agreed to purchase 960,070,900 ol
preferred stock In 138 institutions,
nnd $36,740,000 of capital notes and
debentures In four Institutions, The
corporation has authorized $16,078,
300 In loans secured by preferred
stock to 30 banks and trust com
panies. In addition to these author
izations, tho RFC has made condi
tional agreements to subscribe for
$114,080,000,000 of preferred stock ot
capital notes and debentures In
banking Institutions.
Recovery Program to Cost Fifteen
1(1 II Ion.
The total cost of the Roosevelt re
covery program. Including conting
ent liabilities of the federal govern
ment, are estimated at $11,735,000,
000 by the national Industrial con
ference board. With the total lend
ing ability of the Reconstruction
Finance Corporation, which was
formed during the Hoover adminis
tration, the grand total Is $16,136,
000.000. Living Costs Determine Electric
Rates.
Electric light rates subject to the
costs of living were established this
week by the Tennessee Valley au
thority under the contract to supply
electric power to Tupelo, Mississippi,
which Is to be tho model under
which municipalities are to bo of
fered Muscle Shoals power.
If the Index of living cast com
piled by the department of labor for
any six-month period should bo 30
per cent or more lower than It waa
In tho month during which tho con
tract waa signed, Tupelo may ask
the authority for an an adjustment
in rates, conversely, the authority
may request an Increase In ratea 11
the Index shows a 20 per cent or
more Increase. Tho constract run
for 20 years and tho rates provided
are estimated to be 60 per cent low
er than now paid to a private util
ity. Long advocated by tho utllltr In-
dustry has been tho yardstick es-
iBDiisnea ny tno contract for com
paring operatlona and rates of a mu
nicipal system buying from the goy
ernment power plant with those ol
private utilities.
(Copyright, Administrative and Re
search Corporation.)
Meteorological Report
November 21, 10.13,
Forecasts.
Medford and Ticlnlty: Fair tonight
and Wednesday, with fog tonight. No
change in temperature.
Oregon: Fair tonight and Wednes
day, except unsettled northwest por
tion; valley fogs west portion tonight.
No change In temperature. .
Local Data.
Temperature a year ago today:
Highest, 50: lowest, 40.
Total monthly precipitation, .01
Inch: deficiency for tho month, 1.39
Inches,
Total precipitation olnco Septem
ber 1, 1033. 1.47 inches: deficiency
for tho season, 1.81 Inches.
Relative humidity at 6 p. m. yes
terday, 88: 6 a. m. today, 99.
Tomorrow: Sunrise, 7:10 a. m
sunset. 4:46 p. m.
Observation Taken at 5 a. m.,
110 Meridian Time.
Olty
Boston ........... 44 22 Clear
Cheyenne h.. .hh 66 28 .... Clear
Chicago 54 48 T. Cloudy
Eureka .. .......... 44 Cloudy
Helena 44 36 Cloudy
loa Angeles ...... 68 48 Clesr
MEDFORD 67 32 .... Foggy
New Orleans 80 66 T. Cloudy
New York ........ 50 34 . P.Cldy
Om.ilm . 78 40 Clear
Phoenix .... 78 46 Clear
Portland 84 48 Cloudy
Rno . 62 30 Clesr
noseburg . 68 48 Cloudy
Salt Lake 62 34 , Clear
Kan Francisco... 60 50 .... Foggy
seattlo 62 50 .10 Cloudy
Spokane 46 40 T. Cloudy
Walla Walla 64 48 Clear
Washington, D.C. 63 38 ... P. Cldy
Warrant Call
Nolle ia hereby given that School
Disittct No. 10. Jackson County, war
rant Noa. 400, 401 and 7 to 17 in
clusive ar called for payment. Inter
est to cease on November 20. 1933.
Warrant to be presented for payment
at the First National Bank In Med
ford, Orezon.
MABEL THORNTON. Clerk.
febwi . (0, ;j,
mi
Trail
TRAIL, Nov. 21. (Spl.) Mr. and
Mrs. Wayne Doak called at the D. B.
Hutchison home recently.
A few of Fred Sturgls' many friends
surprised him on his 60th birthday
anniversary at his home November
18. The evening was spent making
csndy, playing games and visiting.
During the course of the evening
delicious supper ws served.
Peggy Proctor Is expected homo tho
early part of this week from Rogue
Elk, where she has been working the
last couple of weeks.
Carl Chlldreth hauled lumber No
vember 19 for Roy Proctor, while Mr.
Proctor assisted with tho banquet
given at Rogue Elk In honor of Hugh
Rankin.
Mr. and Mrs. Howard Ash attended
the banquet at Rogue Klk Sunday,
as also did Mr. and Mrs. Glenn How
ard, of Elk Creek.
Messrs. Dave and Orval Peterson ar
the proud owners of a sedan, pur
chased In Medford Saturday.
Frank Ragsdale and Davo Peterson
called on the latter slater, Mildred
Young. Friday.
D. E. Hutchison made a business
trip to Medford Monday.
PROSPECT, Nov. 21 (Spl.) No
vember 7th 22 ladles met at Cascade
Gorge and listened to an Interesting
lecture on mental hygiene by Miss
Runels. The first Tuesday In De
cember Miss Runels will -speak on
tuberculosis In tho Prospect gymna
sium.
November 22 there will bo a horn
economics meeting from 10 to 3 In
tne prospect gymnasium. Cooking of
vegetables will be demonstrated by
two ladles from tht McLcod unit.
Allowing the home economics meet
ing tno regular meeting of tho Pros
pect P.-T. A. will bo held.
A new cement foundation la being
put under tho gymnasium.
A dance wsa held Saturday night
In tho gymnasium under the auspices
of Ihe high school.
Mrs. Georgia Stlckel returned to
her homo In California November 17
to apend tho winter.
A surprise shower waa given Mra.
Margery Bkeiton at her home In Pros
peot November 18.
Rube Moore la building a back
porch and an addition to his house.
Nelson Nyo has nearly completed
hla now log house with the aid of
neighbors and relatives.
ANTELOPE, Nov. 21 (Spl.) Rev.
D. D. Randall preached at the Ante
lop school house Sunday.
Mr, and Mrs, Leo Cannon of Med
ford apent November 11 at the homo
of Mr. and Mrs. Bob Baize.
Antelope Social club met November
IS at tho home of Mr. and Mra. S. W.
Dalre. Present were Mr. and Mrs. T.
T. Hatlett, Mr. and Mr. Carl Von
der Hellen, Mrs. Bill Blgham, Mrs.
Clyde Canon, Mra. Rosa Bales, Mr.
Thomas Riley. Darrel Stanley, Mrs.
trances currier, Mr. B. K. Rises,
Mrs. John C. Oreb, and the hostess
and family, Mr. and Mrs. S. W. Balza
and aona.
Antelope Social club met December
20 at tho homo of Mrs. Bill Blgham.
Mr. and Mrs. Ted Ortsham of Med
ford announce tho arrival of a on.
born November 7. He was named
Arnold Fay.
Mra. Helen CulberUon and Mra. B.
K. Rlggs wer In Medford shopping
November 17.
Mr. and Mrs. Roy Buckingham and
Mra. Lester Thompson of Modford At
tended tho Antelope Literary club
November 10. Mrs. Buckingham and
Mrs. Leota gava a talk on tho mil
situation In Jackson county which
waa enjoyed by all.
Jack Wooda I building a new brn
on hi ranch.
J. Allen lias his new homo almost
completed near the Antelope school,
and It la hoped they will move soon.
Mr. and Mrs. Elbert Blgham en
tertained with a birthday dinner No
vember 12 In honor of Mr. Blgham
birthday. A number of relative of
Sam Valley attended, also Mr. and.
Mra. T. T. Hatlett of Antelope and
Mr. and Mr. Bill Blgham.
Ill'
SHARE RELIEF WORK
PORTLAND. Nov. 31. AP) Unem
ployed , women, as well a unemploy
ed men will receive consideration la
tho allocation of 21,000 Jobs In Ore
gon under the hug program under
Uken by th state civil ork ad
ministration. Raymond B. Wilcox, chairman, sa;J
"red tape will be ewipt away. My com
mittee will be governed by It Judg
ment In getting results."
Call for School Warrant.
District No. 30 of Same Valley will
redeem school warrant from No. 371
to 263 inclusive at the Farmers and
Fruitgrowers Bank. Interest ceases af
ter November 21, 1933.
S. S. ABnOTT.
School Clerk,
Warrant call
Warrant No. 21 Issued on School
Dlst. No. 3 Is called for payment at
the First National Bank. Interest
ceasea on the 32nd day of November,
1933.
RUOBNI N. MEE, Clerk.
Heating coat can b reduced. For
complete heating service call Art
SchmldlL 4181663.
Broken window listed by
Trowbridge Cabinet Work.
Dr. 3. 9. Johnson ha moved hi
office from tho Phlppa Bldg. to tht
Medford comet Bldj.
Prospect
Antelope