Medford mail tribune. (Medford, Or.) 1909-1989, July 13, 1938, Image 2

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Medford mail tribune., July 13, 1938, Page 2, Image 2

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Newspaper Page TextP3TGE TWO' MET)FOTtP MATL TRTBUTCE. rETVFO'RD. OREGON, TTEDNESD'AT, JTTLT 13, 1938. FARM LOAN UNITS ARE CONSOLIDATED Stockholders Give Approval ; to Mergers, Name Boards Excellent Loan Rec ords Mark Business Here Legal consolidation of National Tarm Loan association In the south ern Oregon district were eonounoed today by A. A. Rogers, Oregon field representative of the Federal Land bank. At a special meeting of stockhold ers last night in the office uf Warren Petterson, aeoretary-treaaurer. In the Liberty building, ratification wa unanimously voted of the tcnaollda tlon of the Medford, Ashlsnd and Gold Hill National Farm Loan asso ciations. The action had been sanc tioned by the directors. The con solidated association will be known as the Bear Creek . National Perm Loan association. Consolidation Into the Jackson County Farm Loan association of Medford was apprved at a meeting last Saturday of the stockholders of the Central Point, Phoenix and Rogue River National Farm Loan associa tions. Take Assets, Liabilities. The consolidated associations take ever all assets and assums all lia bilities of the predecessor associa tions. The Bear Creek National Farm Loan association has an authorized capital stock of $30,000. with neraly $28,000 held by member borrowers. Stockholders elected the following directors of the Bear Creek associa tion: Charles A. Wing. Medford, F. L. Nutter, Ashland, 8. 8. , Abbott, Central Point, M. Bernlce Kovl, Ash land, and ' J. 8. Lydlard, Medford. The directors elected Mr. Wing presi dent, Mr. Nutter vice-president and Mr. Patterson secretary-treasurer. Capital B0,ooo. ' The new Jackson County National Wrm Loan association starts busi ness with an authorised sapltal of SO100 and 138 member borrowers who now own a0,B3S of the fully paid stock, the ennouncement by Mr. Rogers said. The following di rectors were elected; C. K. Taylor, Central Point, Clifton F. Smith. Cen tral Point, Julius W. Blrkholu. Cen tral Polnt.Edward E. Dlmick, Rogue River, and WUllam J. Ferns. Medford. The board elected Mr. Taylor presi dent, Mr. Smith vice-president and Mr. Patterson secretary-treasurer. The three associations Included In the Jackson county consolidation had been In business for more than 30 years and had lent more than 1500, 000 to their members without loss to the stockholders, Mr. Rogers' state ment said. This record, he added, should be maintained by not elect ing to membership sny applicant unless his farm had shown nn earn ing power over a period of years that would sustain the loan sought. Over $800,000 Lent. The associations Included In the Bear Creek consolidation hart loaned their members more than saoo.OOO since organization In 1917, figures presented at last night's meeting showed. Entire loss to stockholder members was shown to be only about i percent. All association borrowers will con tinue to pay 8 percent Interest on their loans on all Installments ma turing prior to July 1, 1040. Present lending rate Is 4 jtercent. Prior to July 11, borrowers had the privilege of not paying on the prin cipal. This srrangement has expired and sll are now required tu meet the principal portion of maturing Installments. HERE'S NUMBER 1 7 IN THE MAIL TRIBUNE'S GUESS WHO CONTEST. , f Jv t ' Hz k , , ii . . a : NO. 17 . Can You Identify the Prominent Medford Girl Whose Picture Appears Above? A different picture Is being published each day for a days. Each depicts a well known Medford ' resident. A number appears under each picture. Contestant, merely Jot down the num ber. and their guess as to the persons shown. At the ena o, the contest mall or bring 1 the list with contestant's name and address on same sheet of paper. , $8 will be given for the most accurate list $5 for second best and $2 for third best. The contest is open to all It costs nothing to Picture No. 1 appeared in the June 23 issue. GUESS WHO! enter. checked. Extreme gains of II to more than 3 In leading Issues were mit. tn half in the last hour, and a few Issues dipped under yesterday's Ilnal prices. An early rise In steel stocks, with fresh buying Inspired In part by con tinued advances In steel scrap prices si Chicago, was about cancelled, as Wall UrMt'i recent rumors of the poslblllty of an early wage reduction were pretty rnorougniy scotcini. ' Trading was In large volume, es pecially In the early dealings, as yes terday afternoon's advance attracted heavy overnight buying orders. The day's transactions approximated 3, 600.000 shares. , Today's closing prices for S3 select ed stocks follow. Al. Chem. As Dye Am. Can .- Am. it Fgn. Pow A. T. li T Anaconda Atcb. T. & S. F Bendlx Avla. Beth. Steel Caterpillar Tract. Chrysler Coml. Solv. Curtlss-Wrlght DuPont Oen. Elec. den. Foods Oen. Mot. .... Int. Harvest. I. T. & T. Johns-Man. .............. Monty Ward North Amer. Penney (J. C.)- Phllllps Pet Radio Sou. Pac. Std. Brands . St. Oil Cal. St. OU N. J Trans. Amer. .................. Union Carb. .... .. TTnlt. Aircraft . U. S. Steel 8634 Sfin Frnnclsco Butter. SAN FRANCISCO, July 13. (AP USOA) Butter unchanged. , 180 . y. . 141 . 33 ft . 37 . 1714 . 58 . S3 . 68 sy. . !4 Mfi 40 . 34 30 . 6314 . 10'. . 83 K . 44, . 33 . 80 . 42 !4 . 714 - 1614 - 8y, . 33 - !4 -13 7914 2814 MOUNTAIN STATES EXPECT TO REAP T Region of the Rockies Looks ' for 10 Million Vacation ists With $50,000,000 to Spend in Summer Months By Wlllard naselbnsb (United Press Staff Correspondent) DENVER, Colo. (UP) The West's million-dollar tourist Industry build up around Jagged peaks, cool valleys, trout-flshtng streams snd mile after mile of scenic oddities may attract 10,000,000 American va cationists to six Rocky Mountain states this summer. The estimate was made ny a na tional travel bureau as the entire scenic paradise from O'.e Canadian border south to tne inaian pueoioo of New Mexico prepared for the 1938 tourist rush. Through' cash registers will pour at least 60.000,000 before Septem ber 1 as the great American sight seer and his family pay for their food, lodging and fun as they stare at the western -scenery. Wvom n( Is upiiiumie "Tills business of showing off our natural resources has become a gi gsntle Industry," said Charles B. Stafford, employed by the state of Wyoming to advertise the cow coun try's last frontier; "1 expect summer travelers to leave at least lt.uou,- 000 In my state this year." 'The tourists get ineir money s worth," added Joe K. Thompson, travel bureau director. "They get a million dollars worth of fun for every thousand dollars they spend sliitseelng." The travel bureau made Its esu-- mate of 10,000,000 visitors after a survey of early travel, advance res ervations snd a study of business condition. The figures Indicated more persons would cross Wyoming, home of famed Yellowstone park, than any other mountain state except New Mexico, which has an all-year tourist season. " The bureau estimated that 1.773,- 000 persons would enter Wyoming, a h .hhaI that nerhsos 700.000 of thom tvnulri nirti at once to Yellow. stone park to see the bears and gey sers. . Montana Rated High vitimiiH fnr other states la the scenery-for-sale region Included: Col orado, 1.609,000; Utah. 1.041.UUU-. l!!X-snd9eut . HELP II U.M.... " - . Eraythmi htm Sous le nuts Tti tlomith rtouM SliM lo pmMM mt (oSfc or hn Jm i. bound or dm ctU-jour rloauk sou" out loo Broth Bui. Sum. niuieo. ptln or oour lonuth. Tou lool lour, lck and upltt oil mi. .m Doctor! mj noror ulit lowUfo for ftomoes Mi bU Ubl.u eaUot BaU-ra laSlSHlM , niko Uio tictn iwatch SuldJ hiraliu, ttln tuum In o annum no put rou "' "' J" tn " uu't "v-7 uo sraf m u. sis m iw - Montana. 1.600,000: Idaho, 1,600,000; New Mexico, 3,000.000. From all six states came reports that early tourist travel was five to 13 percent higher than It was at the same time last summmer. tvio inM increase In tile number of automobile trsllerltes was expect ed to swell the tide oi persons sw ing two weeks of relief from the sweltering east and middle west. Wyoming, which hss a population of 250,000 and entertained five times as many tourists last year, MMari "hivm times" at sll trailer camps. Colorado scenic centers were crowded with house trailers aespi the business recession, snd every road leading to the other ststes was Jammed. Road Building Speeded M.nnmiiiK. wllllne to Invest a portion of their profit to "keep 'em coming, tne six saws speeuou way butfdlng programs designed to network the Rockies with high-speed roads. Colorado's highway department led Special This Week FREE Hot Oil Shampoo with each paid Finger Wave MILDRED DURRELL welcomes her friends here, Wineland Beauty Shop In Jackson Hotel Barber Shop Phone 1018 the rest with an outlay of 815.O00. 000 to complete three arterial routes across tbe two-mlle-hlgh Continen tal divide. Crews of road builders with almost as much to spend were at work In the other five states. Said the engineers snd chamber of commerce heads: "The better the rosds the farther they drive and the longer ttiey stay." THURSDAY AT SAFEWAY Assorted Lunch Meats 25c lb. Dills ea.1c 11c COTTAGE CHEESE pt. Livestock I ao.lS-SD; best. 9.40; bulk handy weight fat ewes. 83.00-35: overweights ! mostly 3.75 down. . Approve Road Coin WASHINGTON. July 13. (AP) Presidential approval has been given to a 8100,000 WPA project for road Improvements In Baker and another 819,000 project for school Improve ments at La Grande. The North American Indian em ployed a language of gostures as well as a spoken Isnguage. Portland PORTLAND. Ore., July UBDA) Hogs 00; market oiuu B . .... inn 1h. down 810, mostly eiu-"i - - ... 336-80 lb. butchers. 80.60-75, lew lisht lights. 89.60-75; pocking sows mo., choice W ,Mler mm un 810.00 or above. CATTLE 300, Including 14 direct: calves 60. Including IB direct; mar- sctlv. mostly steady-strong; fjw medium steers, 87.50 8.50; strictly Jood grass eligible to 88.00 or above; fomon 86457; common - medium heifers, 85.509 7.50; good light up to S8.00: low cutter and cutter cows 83.50 3 4.00; common-medium, 84." iM h.r ss.506.00; bulls 85.50i6.36; good-choice vealers most ly (800-60; select up SHEEP 600, including 60 direct, market slow; few early sales steady weak; fairly good, 75-85 lb. spring lambs, 88.36; strictly good kinds quotable to 88.60: medium. .80 0.00; few yearling wethers. 84.36-80, older 83.35; good siaugnwr 12.50 3 00. South San Frnnclsco SOUTH SAN FRANCISCO, July 19 (AP-USDA) Hogs 800; butchers nrv. hloher: about two loads good to choice 175-300 lb. overage, 811.10; over ou per cviiv i h.irf tnr k mllnr aavaiivo. niimo qsn- RptlvA. all classes stesdy; short load 900 lb. California gross (at steers, so.uu; omer scm- tnm dmu Klenrtt down to 80 60; inn ih .., fol helfcra 80.75. llp,UUy sorted; common to good grass cows, 4 6035.75; low cutters una 3.00u4.35; fleshy dairy cows, 84.60; medium bulls up to so., waives . Including 30 direct; nominal; good to choice vealers quotca arounn $8.00vt9.00. SHEEP 1000; active, spring Iambs fully steady: port deck good to choice 74 lb. wooled Calllornlno. 87.60: few weightier kinds 8735: double medium 64 lb. Oregons, 88 50; bulk good to choice 74-80 lb. Coll tornlos shorn lembs, 88 86 b 7.10; ewes firm, half deck 131 lb. snorn ciover pastured Callfornlas. 83.15. The Importance of lleing Neaiigst When you etny at The Palace Hotel in San Franrinco, you are nearest to the places you will want to visit the things you will want to do. It stands where five principal streets meet near business, finan cial, smart shopping, and theatre districts. Its courtesy and comfort are a tradition modernly interpreted. 6.VI Rooms earn aim bath From 8.1.6(1 (lni np. WTe Palace Hotel Market at Now Montgomery SAN FRANCISCO IH.HI10 H. PIICI WONAOIt Portland Produce PORTLAND. July 13. (AP) BUT TER: Prints. A grade, 38V4o lb. in parchment wrappers. 3914c In car tons; B grade. 370 lb. In parchment wrappers, 38o lb. In cartons. BUTTERFAT , (Portland delivery, buying price: A grade, 3636H lb. in country stations; A grade, 34 lb.; B grade, liio less; O grade 8c lb. less. . EGGS Buying prices by whole salers: specials, 34J4o; extras, 32o; standards. 31V4c: special medium, 31c; extra mediums, 30c; under grades 19c dozen. Cheese, live poultry, oountry meats and turkeys unchanged. SACRAMENTO, July 13. (AP) Churning cream butterfat: First grade, 3014; second grade 36. TOIWBlKEN BY WHEEL OF CAR Little Lloyd Bendlckaon, 2U, son of Mr. and Mrs. Alfred Bendlckaon of McAndrewa road, suffered a severe ly broken hip yesterday evening about 7:30 o'clock when he was run over by the front wTieel of his father's automobile. Ttm Hf-fln Knit la nntnaA In Vila home, with his leg and hip In a cast, ana is progressing niceiy, accoraing to the attending physician. He also aiiafn tnoH mlnnr hnilana Tha nrtv1f lan said the cast would remain on uoyas1 nip for three or rour weeks. Aorrwf Ins tri Wnt 1 nAnH1r1rann Lloyd's uncle, the little tot ran from tne - direction or his home just as Vila f nMiai- Tun hnf'Vtnjr nut. nf tliA ririvnwflv nnri at.itmhltvl nnri fnll nn. der the front wheel of the car. He was taken immemateiy to commun ity hospital, where the hip was set. Portland Wheat Low .70 .89 Vi .70 Close .70 .60 H .70 828.00: PORTLAND, Ore., July 13. (AP) nraln: (whoat) Open High July 70 .70 Sept. : .6014 -6014 nee. 70 .70 Cash grain: Oats. NO. 3. 38-lb. white No. 3. 38-lb. gray 83500. Barley, No. 3, 46-lb. B. W. 824.60. Corn, NO. 3, E. V. Ship. 839.75. Cash wheat (bid): Soft white 6814c; western white eaWjC; western red 871ic. Hard red winter, ordinary 66140: 11 ocrcent 67c; 13 percent 70c; 13 percent 74c; 14 percent 78c. Hard red spring orainary ooc; u porcent 87c; 13 percent 70c; 18 per cent 74c; 14 percent 78c. Hard while, Boart ordinary 68!jo; tl percent 70c; 13 percent 734c; 18 percent 77c; 14 percent 79c. Today's cor receipts: wheat 33; bar ley 4: (lour 18: corn 5; oats 4; mill teed 1. Chicago Wheat u,,nrirri of Thrifty Buyer are snapping up unsurpassed Public Bank Sale Prices. Don t wait till iney are au buu. it at.iii o-onrl Take ad- WllllQ our wiwwu" o vantage of Liberal Trade-in on your present car. Note how greany eacn car reduced for immediate liquidation and special long easy terms designed for every- ALBANY COLLEGE MOVE IS RATIFIED BY SYNOD Hrmprwu:. .Tulr 13. API Removal of Albany college from Albnny to Portland was ratified here today without objection by the Presbyter- ion aynoa or uregon. meeung nere for Its 48th annual session. The sy nod voted approval of a previous action of the board of trustees of the institution. All nr th u'nrk formerly fflven at Albany, as well as the work started and continued In Portland, will be continued In one Institution, It was decided. The synod named two new trustees for the college, Dr. J. Hudson Balard and Hopkln Jenkins, both of Port land. Terms of other trustees were continued. In the little town of Bunde. Ger many, Is a "clar museum" which rnntnlna the world's lamest clear; nearly six feet In length and over two feet In clrcumierence. Chicago. CH1CAOO, July IS. (AP-USDA) Hoes 1000; uneven, mostly 10-15c hUher thsn Tuesday's average on Doc. weights 340 lbs. down; top, 810.30; packing sows mostly steady; good light kinds 8 00-50; medium weights and helrles. 87.00-76. CATTLE BO00: calvei 1300: choice snd prime fed steers and yi-nrllngs steady: such kinds mostly 813.00 up ward: early top. 613.75; other grades weak to 35c lower with plain and medium kinds showing most de cline: cows draggy early, but more active later to small killers: light and medlumwelght bulls. 10- 15c: vealers steady ot 810.00 down. BHEEP 30O0. Including 1J00 di rect; folrly active; fat Iambs steady to etront with spots slightly higher; fat sheep steady: two doubles good to near choice 83 lb. Idahoa, 9 35 with 50 head out at 88 00: bulk good ana rew cnoice native sprincis, CHICAGO, July 13 (AP) Wheat: Open High Low Close July .78 -73's -73 t Sept. .75 .76 .73 V, .73 H .77H .77H .76H Wall St. Report SAVE TIME Travel while you sleep! MI mum m u u m - Ml DM Forced LIQUIDATION OF CHRYSLER-fbYmuuxn xiwav CLOSING OUT o.i. Ml 1ST CONTINUE Daily and Late Evenings Uait- itavw. - , Including Sunday 144 Cars Keieasea one's budget. This is not an orainary op- eration but strictly a lorceo. uquiuanuu regardless of financial losses. Don't pass up this great Money-Saving Chance-to buy a better car for so little money. Come right now I Let us quote a deal you cannot afford to turn down. Only a few more days to go at Public Bank Sale Prices. ;4' j i t. E. Douglas, Liquidating Engineer, Newly Appointed Liquidator In Charge inder Dire Stress Conditions Year Select Your Car by tteadlne These Price Reductions Original Stock Price Was public Bank Sale Price Now DOWN PAYMENT Cash - Trade-In Approximate Installments Semi '37 Ply Touring Sdn '37 Chry Imp Cpe ... '37 Chry Sdn '37 Ford Fordor . . . '36 Packard Sdn . . 795 1145 .995 745 900 695 845 865 645 225 275 265 215 765 250 15.00 18.00 20.00 14.50 20.00 '36 Chry Sdn ...... 825 '36 Dodge, Sdn .;. '36 Ply Sdn ...... '36 Stude Sdn .... '35 Ford Panel ... 745 695 775 495 '35 Ply Sdn ....... 575 '35 Chry Cpe 660 '35 Ford Sdn 500 '35 Chev Panel .... 520 '35 Ford Tudor . . . 495 NEW YORK, July 13. (--A new bull drive In the stock market was halted by selling In the late trading today, which cancelled a gond part of the day's earlier advance. It was not until scores ot Issues hod registered new high prlw since last autumn that the upswing was WHY SUFFER? WHY BE DISCOURAGED? HEMORRHOIDS (Pitta) I Coltti Ccmittptnon Ku,. 1 Colon nd Stomach uonblti 11 tbtr mtthoda hv 4 ma. w a na vi nono. u (or thonunda of itira w eta do It for yon. I yrara tn Portland. ffJTK BOOKLET anf r ypat rfgusm. Ctll or writ Dr. C.J. DEAN CLINIC Phyttclmm mnd turgmon K K. Cor. C Burnnt and Grand Ar. Tfltprin FAt Said PnrtUH OiinB eCrt . v. IllllllllllllliP liiS ..r o r' . . ' ,rt v e .erf ,t' . '". in JV rllLTlLJjdilSjlI les-e in the evening. Next morning tiu're in Portland or San Francisco, rtfrtsbed snd ready for work or pleasure, after a good night's sleep. You'll save a lot of time. Train fares are low. For example: SAN FRANCISCO TouriFare $9.45 $18.00 lower Berth 1.7$ 3.50 trrei. Mr!'. la Coaches 8.42 18.00 PORTLAND 1st Oats Fare $9.18 $14.8$ Lower Berth 2.80 5.00 II. S4.t4 riLM.) In Coaches 8.S9 10.6$ For detailed Information on train scSdules, just phone: Southern Pacific r. O. MOKRIS, Agent. Phone it '34 Chev Ch '34 Chev Cpe, good '34. Chev Truck .. '34 Stude Cpe '33 Chev Cpe '33 Ford Sdn 480 465 500 .... 485 .... 395 .... 365 725 645 585 645 395 "465" 465 295 395 365 365 365 395 395 295 265 235 215 185 215 130 l50 150 130 130 120 120 120 135 130 95 80 15.00 14.00 14.00 14.50 10.00 11.50 11.50 10.50 13.00 12.00 12.00 12.00 12.00 11.75 10.00 9.00 ER 30 REAL BARGAINS IN CHEAP GARS! -that have been traded in during our sale ranging in price from $12 to $30 including Fords, Chev, Buicks, Dodges, Essex, Studes. No reasonable offers will be refused. We must liquidate at once. Hurry, hurry, hurry! '32 Ply Sdn 325 '31 Ford Cpe 255 '31 Chrysler Sedan 285 '30 Pontiac Sedan . 200 '30 De Soto Coupe . 240 200 225 265 75 75 125 145 85 30 35 50 45 9.50 7.95 7.80 7.50 8.00 Brand New G '30 Chevrolet Coupe '30 Chevrolet Sedan '30 Ford Fordor Sdn '30 Plymouth Sdn . . '30 Ford del. Fordor '29 Chevrolet Sedan '29 Ford Tudor .... '28 Durant Rdstr . . '2& Ford Coune .... '27 Buick Senn . . . ConvrttM B . 125 135 195 165 175 135 65 35 65 35 40 50 65 55 265 225 250 "200" 135 75 100 85 . Donglas. 19Sg, All Rights Beseirerl 7.50 7.50 7.50 10.00 60 11.00 40 30 17 25 30 7.60 7.65 5.00 6.95 6.00 ars WITH BONUS DISCOUNTS TO BE DEDUCTED FEOM SALE PRICE 1938 CHRYSLER Touring Sedan, brand new 1938 PLYMOUTH Pickup, brand new Balance of Our Stock Not Listed Here for Lack of Space Is Like wise Reduced and Carries Our 30-Day Service Guarantee. Chrysler Plymouth Sponsor 25 So. Riverside 38 No. Riverside