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.