P3TGE 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