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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (July 14, 1938)
4 MEDFOBD'MAIL TRTBUOT, MEDFOKD. OREOOy. TUFT? ST) AY. JULY 14. 1033, PAGE THREE WHEAT LOAN RATE IS ANNOUNCED FOR THIS MS CROP Producers May Obtain Be tween 59 and 60 Cents Per Bushel On Grain Held for Price Improvement WASHINGTON, July 14. (AP)- Secretary Wallace announced today the government will make loans on 1038 grown wheat at rates averaging between 58 and 60 cents a bushel to producers who want to hold their grain for better prices. The loan was made mandatory un der provisions of the new farm law on the basis of an official forecast of a huge wheat crop. The crop Is esti mated far In excess of a normal year's domestic consumption and export needs of about 750,000,000 bushels. The crop was forecast at 037,412,000 bushels and In addition there is a surplus of 300.000,000 bushels from last year. Minimum Under Law Wallace said the loan rates will average the minimum allowed by the law, which Is 62 per cent of the "parity" price of $1.14 a bushel. Loans will be extended only to wheat producers who did not exceed their 1938 soil-depleting acreage al lotments by more than 5 per cent. Wheat must be stored either In com mercial warehouses or elevators or In approved farm bins or granaries. The loan program set up a scale of base loan rates for principal terminal grain markets. Better grades will be eligible for higher loans than lower grades. Likewise, rates on grain stored distances from these terminals will decrease as the distance Increases. In a few minor wheat arens flat loan rates were established. Basic Rates Listed The basic rates for the terminal markets were announced as follows: Kansas City, Mo., and Kansas City. Kas. No. 2 hard winter, 72 cents; No. 2 red winter, 70 cents. Omaha, Neb., nd Council Bluffs. Iowa No. 2 hard winter, 71 cents. Chicago No, 2 hard winter, 77 cents; No. 2 red winter, 75 cents. St. Louis, Mo., and East St. Louis. HI. No. 2 hard winter, 75 cents; No. 2 red winter, 73 cents. Minneapolis, St. Paul and Duluth. Minn. No. 1 dark northern spring, 81 cents; No. 1 northern spring, 70 cents; No. 2 amber durum, 72 cents. Portland, Ore., and Seattle. Wash. No. 1 soft white, white club, west ern white, hard winter or western red, 67 cents. San Francisco and Los Angeles No. 1 soft white, white club, western white, hard winter or western red, 71 , cents. Galveston and Houston, Tex., and New Orleans No. 2 hard winter, 77 cents; No. 2 red winter, 75 cents. The loan ra'te on wheat stored dis tances from these terminals will bo the terminal rates less all-freight charges plus 4 cents. Hint Export Goal Secretary Wallace has hinted that the United States would attempt to regain lost foreign wheat markets even at the cost of government sub sidies on exports. Deferring until today announce ment of the wheat loan rate, he proposed that all wheat producing nations cooperate to assure each Its normal share In the world markets. He pointed out that this country was ready to act If Its hand were forced. World cooperation, Wallace Indi cated, would require other nations to recognise that normal American exports were considerably larger than the 100. 000. 000 bushels he said this country shipped abroad during the last 12 months. Wallace said that during the 1034 36 drought period, when this coun try exported very little wheat be cause of short supplies, many other wheat producing countries expanded production. He suggested that other wheat nations should not expect the Unit ed States to be content with a smaller than normal foreign market, now that good crops have piled up a 250,000,000 bushel exportable sur plus. Former Export Heavy Before the depression and drought. American wheat exports normally ex ceeded 150.000,000 bushels annually. Wallace said he hoped other na tions would agree at an International wheat conference opening in London today on a program of sharing ex port markets and preventing further expansion In wheat acreage. Asked if this government would subsidize exports in an attempt to regain old American markets, Wal lace said: "I hope other countries will not engage In practices that would make it necessary for us to do so. We can go further along that line than any other nation." 1 Funds are available for subsidies, he said, recalling that in 1934 this country spent $6,500,000 to subsidize export of 28,000,000 bushels of sur plus Pacific northwest wheat. The Reconstruction Finance cor poration meanwhile, made $100,000. 000 available for the wheat loan pro gram. The money will go to growers desiring to hold grain until prices' improve. , SCORING SPREES FOR 1939 SESSION .FJ. SALEM. July 14. JP Pendleton was selected tor the 1939 encampment of Veteran! of Foreign Wan aa they wound up an annual meeltr.g here yesterday. Grants Paaa had sought tha honor. Elected, according to custom with out opposition. Leslie A. Williams. Portland, became commander and John H. Schum, Portland, was ad vanced to senior vice-commander. Williams had been senior and Schum Juntor vtce-commander. Ira D. Canfleld, Medford. was elect ed Junior vice-commander ovtr Perry Smith. Roseburg. W. r. McOufJln. Portland, was re-elwted quartermas ter; Loula E. Starr. Portland. Judge advocate: I. a. Shaw, RoMbury. chap. i lain, and J. W. Ingram, The Dalles, surgeon-eeueral. District commanders aret District 1, Monte Walton, Portland; No. 3. Joe M. Stranaky, Mltwaukie. No. 3. P. L. Dowell, Garibaldi; No 4. Jack Hayes, Dallas; No. 8. J. H. McAlpln. Albany: No. 7, Walter Hyatt,' Toledo: No. 8, John Huddleson. Grants Pass: No. 9. E. D. Bronson. The Deltes; No. 10, O. V, Johnson, Pendleton. SALEM. July IS. (AP) The blue and white uniformed drill team of Joaeper C. Lent post auxiliary of Portland, won the silver trophy In the uniformed drill group competi tion at the conclusion of the 18th annual Veterans of Foreign Wars en campment parade Tuesday. Other awarda were: Grand sweepstakes for stunt Cor vallls post, with Its acrobatic tumb lers; entertainment Mt. Hood (Baby) post, Portland, Italian muslcsl trio: originality Lincoln county post. Newport, "Sons of the. Beaches", a clown band; costume Let 'Er Buck post, Pendleton, Umatilla Indian war dancers, sponsored Jointly with the Round-up association. Bands First in music, Salem high cchool; first In marching, Tillamook high school: first In uniform, Silver ton American Legion Junior: first In music for Junior bands, Salem Master Bread: first In marching, Seaside Qlrls, official auxiliary convention band. Drum corps First In music and marching, Aatorla Anchor Olrls. , PORTLAND. July 14. (If) Ti; laundry Industry renewed contracts yesterday with three unions repre senting 1300 workers. Negotiations had been underway alnce the 1937 agreement expired In May. Buster Brown July Clearance Starts The annual Buster Brown sho store July clearance sale starts to morrow, according to an announce ment tday by Noble "Buster" Vin cent, local Buster Brown manager. Mr. Vincent says: "We hold only two clearance sales a year we try to make each one so attractive that our shelves will b emptied In a short time. We hava reduced prices on men's, women's and children's shoes to make room for our large Incoming fall stack.' A Games Toiupnt Division A Wooden Box vs. Zorlc. 8 p. m. Plche vs. Lam ports. 6 p.m. Catholic Men vs. Jennings Tire. 9 p. m. Division B Elks vs. Lewis Super Service 9 p- m. 0 p.m. Catholic Men and Timber Product ran wild last night at the stadium to swamp Maid-Rite and Lamports. respectively, in Division A softball games. Behind the four-hit hurling of Father Meyer, Catholic Men handed Maid-Rite an 11 to 1 lacing, collect ing 15 safeties off the delivery ol Ken Leavitt, Maid-Rite pitcher. Wally Rlckert belted two home runs, Ray Lewis hit for the circuit once, and Meyer, himself, socked a double and a triple to pace the winners' attack. Lamport'a committed 10 errors in their game "With- Timber Products, enabling the first-half champions to score 21 runs on 12 hits while the losers were tallying twice. In Division B embrogllos, Western States Grocery nosed out Elks, 8 to 7, and Office Boys served notice of their determination to get back in the top loop by swamping Gasco, 17 to 5. Division A scores: R. H. E. Catholic Men 11 16 ' 2 Maid-Rite 14 5 Meyer and P. Sakralda; Leavitt and G. Gitzen. R. H. E. Timber Products 21 12 2 Lamport'a . 2 4 10 B. Smith. Hammack and J. Smith; Walker, Monte! th. Barker and GU- lisple. Closing time for Too Late to Clas sify Ads is 1:30 p m. I'm all steamed up hot enough to blow the lid off and tell what I really think. They keep me on the job 18 hours a day heating water for every thing from breakfast dishes to the baby's bath. What this family needs is a new automatic gas water heater. It would cost them less than keeping me constantly' on the fire, and they wouldn't have to wait ' for hot water"." Mr. T. Kettle is right. An automatic gas water heater is the most efficient appliance for the "purpose ever developed. Low operating cost: Terms to suit your purse. Inquire today. Modttnijt, conomijt wltk lEPARTMENTSToRE DON'T FORGET that when you trade at the M. M. Department Store, whether it is on sale or not, that every sale must be 100 satisfactory. All good will be exchanged. There is never any charges for alterations. And when you get home, if your purchases are not 0. K. your money will cheerfully be re funded. We never give due bills. PAY LESS and DRESS BETTER STORE WIDE CONTINUES THROUGHOUT JULY FREE TIES for Men! Men, visit our store Friday and Saturday. With every sale amounting to $1.00 or up we will give you a beautiful summer wash tie that sells regularly at 25c ABSOLUTELY FREE MEN'S SUITS $22.50 Suits Now $14.85 If you don't need a suit for months j-ou mnnot afford to pass up the alues we are now show-Ins. Now you inn buy good staple 100 all wool worsted suits, suits that fit. suits that are well tailored, suits that you are proud to wear. . JULY PRICE $14.85 PIECE GOODS 1 oi Hundred of yards, of suiting, voiles, etc. These yard goods sold up to 45c a yard. Don't delay ; come early. July Clean-up price, 2 yd. REMNANTS After our spring and summer selling we have hun dreds of wanted remnants. These are all marked at a small part of the original price. EXTRA SPECIAL The Teqiiot mills for our July Clearance Hale are allowing us to offer Pe quot sheets and cases at unusunl low prices. These prices arc In ef fect only during this July Hale. Take advan tage nnd buy sheets and cases for month 'i ?2x99 Pequot sheets now $1.19 81x99 Pequot sheets now ... $1.20 81x108 Pequot sheets now $1.39 12x38 Pequot cases now 29 Visit every Department, you will find bargains after bargains. Many of the lots are small but are priced for quick olose-out. DRESSES You'll buy two or three dresses when yon see the prices on these astonishing values. . Come early while showings are at their best. Sizes for misses 12 to 20, sizes for ladies 38 to 60. LINEN SUITS-DRESSES Values to $3.95 HERE ARE BUYS! Men's sanforized covert work pants Men's blue -chambrav work shirts; full cut. $1.00 3for$l Men's engineer and fireman soxs. No better work soc't2for25c CANVAS GLOVES N Men's 12-ounce canvas gloves, BROADCLOTH SHORTS Men's broadcloth shorts. Fast colors. . . MEN'S OVERALLS O f Men's express stripe overalls, pair O C 9c pr. 19c W. L. Douglas OXFORDS for MEN They sell regularly for $5.00 and now you can buy these famous 100 all-leather oxfords for only $3.95 MEN'S DRESS OXFORDS $2.98 98 pairs of men's fine dress oxfords, values to $3.95; July Sale, Enna Jettick SHOES Oxfords; ties, straps and pumps. Regular $5.00 and $6.00 values; July Sale, $3.95 ENTIRE STOCK THIS SEASON'S WHITE SHOES Open toes, medium and high heels. Values to $3.95. July Sale, $2.98 July Sale Bargains I Ml' JULY SALE $1.98 Cotton Formals and House Pajamas One lot of cotton printed formals and printed house pajamas.. Values to $2.98. JULY -SALE FINAL CLEAN-UP All Summer millinery; On all summer millinery. Rust, black, white, and navy straws. Lovely white felts, stitched crepes and Dwarf hats in assorted oolors. Your choice, $1.00 PASTEL DRESSES Every dress has been greatly reduoed for this July Sale. These include the famous Madame Renauld sheers and wash shark skins. Sizes 14 to 44. Values to $16.85. $6.95 $8.95 and $10.95 COATS and Wool Tailored SUITS None reserved, all go at just ONE HALF PRICE! 98c k J" BUY SHOES FOR ALL TME FAMILY LADIES' SHOES See the large showing of ladies' shoes. Broken lines that sold up to $4.86.. Oxfords, straps, sandals; whites, browns, and black. July Sale, $1.98 Men's White Oxfords $1.98 Values to $2.98 Not many left but if your size is here, choice, MEN'S OXFORDS $1.79 Men's ventilated brown leather sole oxfords, pair .raft BARGAINS FOR BOYS Boys' Polo Shirts One speoial grou" 75c MEN'S WORK SHOES $1.68 Men's black work shoes, composition soles V- Boys' Sport Shirts Boys' broadcloth sport shirts made by Tom Sawyer 25c Boys' Sport Shirts Worth 48c to 75c, spe cial lot to close out. 25c each BOYS' BIB . OVERALLS All ages 2 to 16 years. Blue or express stripe. 48c BOYS' UNION SUITS Boys' summer union suits to close out, 19c M. M. DEPARTMENT STORE 220 222 East Main Street Chat. S. Adair, Mgr.
