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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (March 14, 1934)
MEDFORD HAIL TRIBUNE, MEDFORD, OREGON, WEDNESDAY, MARCH 14, 1934. Electrie company has launched an Im pressive ssles and advertising cam paign for 1834 which fully demon strates this company's fslth in the future. Among visitors at the meeting were: Judge Appleton, of New York, vice- president of the O. B. Co., Carl Sny der, of Cleveland, Ohio, manager of the dishwasher division of the G. E. Co., George Ruck, of San Francisco, Faclflo coast manager of the G. E. aales department, George Boring of Portland, district manager of the O. E. Supply Co., and L. A. Iserman, te frlgeratlon sales manager of the O. B. Supply Co., of Portland.. ; C , On your way to Crater Lake, stop at Union Creek Restaurant. Open Sunday. Bars Local Business line L. D. Sanderson, representing a wholesale Jewelry house, Norman and Orlck of San Francisco, left Tuesday morning for the south after spending three days here on business, and as guest of Homer Fellett. He reported business fine- throughout his territory, which extends from Sacramento, through Eureka and Orants Pass, to Medfo:d, but this city in better condition than any of the others, Judging from busi ness gslned here. He placed hi, largest order In this city, he stsied, and ?ound Medford, In other respects, too, looking mighty good. Bs correctly corseted In an Artist Model by Etbetwyn B. Hoffmann. In keeping with the times Drugs snd Toiletries at Cut Prices at JAS MIN'S DRUG STORE. Seed Potatoes. Earliest of All, Bliss Triumph, Quick Lunch, Esrly Ohio, and Esrly Sunrise, bee us for prices. Medford Seed As Feed Co. TO BE MADE ONLY Farmers Can Obtain Credit Over Period of 3 to 12 Months if Security War i ii i rantsCharges Kept Low PXGT5 EIGHT mm 0M 0 0 . Application for production loom to termers In Curry, Josephine, Jack- ton, Douglas sod Coos counties are now being received by L. J. Deuel, eecretary-treasurcr of the Medford Production Credit association. Ac cording to Mr. Deuel all loans will be made on a business basis and ao oordlng to the security furnished by the applicant. "The loans that will bs made In this county and the other four counties carved by the Medford as sociation muse tie good loans and loans that are collectible If the as sociation is to continue as a perma nent service to farmers In this and other communities, as Intended," Mr. Deuel said. Not All Need Credit. "Fortunately, not all farmers In this county need credit," hs con tinued, "but for those who do the association stands as a business or ganizationnot as a charity Insti tution. Loans may be obtained for periods of 8 to 13 months by any eligible deserving farmer who needs credit and has security; but u a farmer is eligible for credit It must be extended on a business bssis." Each applicant has to-state In his application what property he Is offer ing to secure the loan, Mr. Deuel aald. Security for these loans will consist of first Hens on crops, live stock or other personal property on which a lien or chattel mortgage be taken on property already In the possession of the borrower, or to be purchased with the money borrowed. It la not intended that production loans shall be secured principally by mortgages on real estate. Where this type of security Is taken It will be regarded only as additional collater al. Keep Charges Low. ' Mr. Deuel said that ths charges on production loans would be as low as possible In keeping with business credit. A small fee is charged to Inspect the property offered as secur ity by the applicant, The mimlmum amount of a pro duction loan la $00. The Interest rate at present Is 4 per cent cent, charged only for the actual number of months the loan Is .outstanding. The Interest Is not oollected until the loan Is due. Loans may be obtained' to purchase such Items as seed, equipment and fertilizers, or to oover the cssh costs of growing, cultivating, or marketing crops: and for the production of live stock, and dairy and puoltry pro ducts. Most of the loans will run from 8 to 12 months, and are to be due and payable at the time when the crops and livestock flnanoed are sold. Loans such as those on dairy cattle may extend longer up to 18 months and ordinarily will be repaid from the sale of products of the dairy fi nanced. t Join Association. Each farmer borrowing for the first time automatically becomes a mem ber of the association, since each Is required to own voting stock In the association equal to 5 per cent of the amount he borrows, The stock may be purchased with a part of the loan proceeds. It Is the only voting atock of the sasoelatlon and may be purchased only by borrowers, each having only one vote regardless of the amount borrowed. A farmer who becomes a member of an association does not havs to "stand for" the loans of the associa tion or the debts of other borrowers. The stock carries no double liability. . Any possible Impairment in the val ue of the stock of ths association will affect the Individual borrower only insofar as his ovn stock .holding Is concerned. The Medford P-.oductlon Credit as sociation, vrhlcti Is authorized to make loans lr. this county. Is one of seven which hire been established In this str.ee. Most of the cspltal of the assrclstlon Is provided by the Production Credit Corporation of 6pok'ne, Washington, which Is sup ervising the work of associations In t'.ls state. SALES MEETING IS HELD INJjDFORD An Important sine meeting of southern Oregon aid northern Cali fornia dealers snd power company representstlves was held at the Colo nial club Tuesday with severs! wail known members of the General Eleo trto company present to discuss plsns for .spring snd summer aslea cam paigns, i Tlie meeting opened with a lunch eon at noon followed by a business session during which those present lesrned msny things of Interest about Uie new 1034 sales snd advertising plans which will feature the popular General Electrio refrigerators, ranges and dish washers. An interesting film showing the conversion of an old fashioned kitch en Into a.modern all-electric kitchen was exhibited during the afternoon session and demonstrated fully the ; ease with which this transformation may be accomplished In any home. Business conditions throughout the nation now appear to be on a definite trend upward aocordlng to the east ern visitors who are completing a tour of msny of the principal cities and buslneas centers of America. Tangible evidence of Improved con ditions among the genersl public Is shown by greatly Incressrel sales of electric equipment ror the home dur ing the past few month. The CMneral 3 AT WARDS LOW PRICE... jj Cushion Dots! si .00 1 paw Favorite styles (priscilla, cottage sets, criss-cross) in the ever fa vored cushion dot grenadine. Don't miss this chance to save I 3 6 Run,,inf w Super-Service Wardoleum ft, widths Cover your floors with wear-tested Wardoleum. Save. $5;59 SMI Wardoleum 9x12-ft. Rugs Choice of patterns. Suitable for bedrooms too. 9k 12 -ft. Rugs $00 95 Seamless Axmin- ters in Oriental de- ITS, All ' . y- . iWiJ 1 Studio Couch $28 so tl down, 15 monthly flirt tarrying tharg Often to dnnVila nr twin beds. 3 pillows. Longwear Sheets Famous for wear and value. 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