Medford mail tribune., June 30, 1955, Image 25

U.S. Government Has
$7,300,000,000 Tied
Up in Surplus Items
By GAYLORD GODWIN
United Pre Correspondent
Washington J.R) Uncle
Sam's supply of surplus food
and fiber represents millions of
bales and bushels, and billions
of pounds and dallors.
Final figures of weights and
measures of Government stocks
and the money they cost tax
payers in the 1955 fiscal year
which end today won't be known
for several weeks. But the fig
ures are a cinch to be higher
than those now available.
$7,500,000,000 Surplus
The government as of April
30 had a total investment of
about $7,300,000,000 in surplus
products. A year ago the invest
ment was $6,188,000,000. The
huge amount represents outright
ownership of food and fiber cost
ing about $4,600,000,000. The re
maining $2,700,000,000 was made
up of outstanding loans to pro
ducers by the Commodity Credit
corp. The products involved in
cluded cotton, dairy products,
grains and seeds, naval stores of
resin and turpentine, tobacco,
wool, and oils from cottonseed,
linseed and tung nuts.
It not only costs the govern
ment billions to buy up the sur
pluses in these products, it pays
plenty to store them. Storage
costs for all products amount
to about $1,000,000 daily. The
cost of wheat storage alone rang
es upward from $150,000,000 an
nually. The government inventory
will receive a notable skyward
kick on Aug. 1 when price sup
port loans become due on more
than 6,600,000 bales of cotton
costing an estimated $1,135,000,
000. CCC will take over the cot
ton. Wheat Biggest Item
The biggest item in the inven
tory now is wheat 956,000,000
bushels which cost $2,478,000,
000 in tax money. Corn occupies
the next largest niche 580,
500,000 bushels worth $972,000,
000. Cotton exclusive of the
carryover due Aug. 1 totals
1,674,000 bales worth $292,115,
000. The government - owned but
ter, cheese, dried milk, and whey
products total 668,000,000
pounds, representing an invest
ment of about $267,000,000.
Barley, beans, flaxseed, grain
sorghums, oats, rice; rye, soy
beans, hay seeds; clover seeds,
peanuts vegetable oils, tobacco,
Sensational Offer from
SHEFFIELD STAINLESS
with the inner parchment covers
from TWO Pint Packages of
TSordeni
COTTAGE
CHEESE
and wool make ud the remainder
of the inventory. The total, both
weight and dollarwire, is con
siderable. Crown Zellerbach,
Gaylord Container
Study Merger Plan
San Francisco (U.R) Crown
Zellerbach Corp. and Gaylord
Container Corp. announced plans
for a possible merger yesterday
on a basis of two shares of Crown
Zellerbach common for three
shares of Gaylord.
-J. D. Zellerbach, president of
Crown Zellerbach and Edwin J.
Spiegel, president of Gaylord
Containers, jointly announced
the merger had been agreed to
in principle and that the trans
action would be completed as
soon as all legal requirements
are fulfilled.
The transaction would in
volve approximately 1,800,000
shares of Crown Zellerbach
common, now authorized, but un
issued, and 2,700,000 Gaylord
common now outstanding.
With the completion of the
merger, Zellerbach said his com
pany would increase the divi
dend rate of Crown Zellerbach
to match the present dividend in
come of Gaylord.
Crown Zellerbach is the larg
est western producer of printing,
wrapping and specialty papers,
with large holdings in the Pac
ific Northwest and British Col
umbia. Gaylord Container, with
its headquarters in St. Louis,
has 16 converting plants in the
Middle West and South.
BP A Purchases Mobile
Transformer Unit
Portland (U.R) Bonneville
Power Administration said to
day it had purchased a $62,925
mobile transformer from the
Portland General Electric Com
pany, i
The unit will be transported
on a standard semi-trailer and
will be used for emergency re
placement at substations in event
of equipment failure or service
overhaul.
Purchase of the 15,000 kilo
volt ampere portable transform
er will give BP A two such units
for emergency replacements.
MM KNIVES X
(FROM ENGLAND)
VM CTIB TUtC UA in ABIC
PRFMIUA1 OFF&t AT
m Ti
CHANCELLORSHIP CHANGES Dr. Charles D. Byrne, (left
above) for five years chancellor of the state system of higher
education, turns over the reins to Dr. John R. Richards (right)
July 1. Richards came to Oregon in 1953 as vice-chancellor, from
New York University. Both have been frequent visitors to south
ern Oregon.
New Record Forecast
In Auto Production
Detroit (U.R) The boom
ing automobile industry, whose
activity is one of the best pulses
of the nation's economy, finish
ed up the first half of 1955 to
day with the biggest year in its
history the first seven million
car year on record almost
assured.
The fear that many had earlier
in the year that the keystone in
dustry wouldn't keep up its rap
id early pace was all but gone.
Strike Only Threat
The only possible trouble in
sight appeared to be the threat
of a steel strike.
Production was expected to be
down for the three month quar
ter starting tomorrow, as the
industry prepared for model
clean-up and introduction of new
models. But the "slack quarter"
will be one which would have
looked like a rip-roaring produc
tion period in any other year.
Slack Period
With sales still booming at
record rates, production is sched
uled to slacken to only a 1,500,
000 mark for July, August-September
summer months while
the industry finishes selling
1955's and readies plans for
1956.
But one and a half million
cars for a quarter is turning
them out at a better than a six-million-car-a-year
mark. Only
twice before in history in
1950 and 1953 have more than
six million cars been turned out
.imported stainless
sharp serrated edges that
smart, sturdy, simulated horn
YOURS all three wonderful knives! with only $1.00 plus the inner
parchment covers (which include directions for mailing) of TWO "
Pint Packages of Borden's Cottage Cheese!
IMSBet
COTTAGE
CHEESE
in a year. The record of 6,674,
933 in 1950 was expected to be
left far behind by Dec. 31 this
year.
Dr. Byrne Stepping
Down as Chancellor
Eugene (U.R) Dr. Charles D.
Byrne will step down as chan
cellor of the State Board of
Higher Education tomorrow.
Successor to Dr. Byrne will be
Dr. John R. Richards, who has
served two years as vice-chan
cellor and board secretary.
Byrne, who had been with the
state board since its formation
in 1932, became head of the or
ganization in 1950 after serving
as director of information, board
secretary and assistant chancel
lor. The outgoing chancellor at the
December meeting asked to be
relieved of administrative du
ties. He said he planned to re
turn to the board on a "part-
time, non-administrative" basis
Richards came to Oregon in
1953 from New York Univer
sity. He has been on the staff of
Penn State and Wayne Univer
sity, and is a former educational
adviser to the Secretary of the
Army.
Caraway seeds are brown,
hard, about 3-16th of an inch
long, curved and tapered at the
ends.
STEEL
Sheffield steel blades 1
cut meat like butter 1
handles I
Western Pacific Preparing
To Start 'Piggy Back1 Haul
From Bay Area
San Francisco -UK Stock
holders of the Western Pacific
Railroad have cleared the way
for the company to enter the
"piggy back" business.
Stockholders approved a pro
posal to amend the company's
articles of incorporation to "al
low it to haul loaded trucks and
trailers on flat cars.
As a result, the company ex
pects to start "piggy back" oper
ations between the Bay Area and
the Northwest about Sept. 1, in
cooperation with Great North
ern. All directors were reelected
at the annual meeting.
Stock Retirement
President F. S. Whitman told
stockholders that earnings in
the first half of the year should
be about $1,682,000 or $12.97 a
share. For the same period last
year, they were $1,757,000, or
$1.87 a share. The net this year
is higher because of preferred
stock retirement.
Whitman also fielded a point
ed question from a stockholder,
who wrote a letter asking why
the 15 directors together own a
little more than 1000 shares of
WP stock.
The stockholder charged this
showed "not only a complete dis
regard of the affairs of the com
pany . . . but also indicates a
complete lack of confidence in
its stability."
Whitman replied that the
company chose its directors for
their skill and judgment rather
than for the amount of stock
they own. He said he is "well
acquainted" with all 15 directors
and "could not say enough" for
their help in directing the com
pany's affairs.
Should Be Proud
"I think the stockholders all
can be proud of our directors
whether they own stock or not.
Whitman said.
Whitman also reported that
shipments from the new Ford
plant at Milpitas are higher than
expected. He said Ford had ex
pected to assemble 440 cars a
day, but instead it is assembling
550 a day.
Hence, he said it appears the
WP will gross from $2,500,000
to $2,750,000 from Ford ship
ments, instead of the $2,000,000
Electronic Fish
Thing for La?y Fishermen
By JACK L. HEES
United Press Correspondent
Hamburg, Germany flJ.R)
Two inventors here have figured
out a way to take all the fun out
of fishing. It's an electronic
fishing pole, about the most
diabolic invention to come out
of Germany since the V-l rocket.
Just Press Button
You stick your pole into the
water and press a button. All
fish within a 10-foot radius stop
in their tracks and swing around
like compass needles pointing
at the tip of your pole. All you
have to do then is reach in with
a net or your bare hands and
pick them out.
Sportsmen already are shout
ing that there ought to be a law
7H5LB
mum int
M.C.P. KITCHEN
rrsoo IOC? MUTUAL CITRUS MOOUCTS, CO.
kS--" "J ANAMftM. CALIF.
HERE'S WONDERFUL NEWS FOR THOSE
WHO HAVE TO COUNT CALORIES!
i jam, jelly, custards, pie fillings, etc, with less, little, or
sugar at all! With it you can now make delicious recipes
which also meet the ritrid sugar and starch restrictions of
diabetic diets, the exacting requirements of weight control diets, or simply
your taste preference for things less sweet than asuaU Make them the
year 'round, too, for you On use fresh, frozen, canned, or bottled fruit
and juices. This "low sugar" Pectin is an exclusive M.C.P. development
and not yet available in stores. But, you can find out more about it, and
how to get some to try, by writing to the M.C.P. Kitchen Laboratory,
Anaheim, Calif., Dept. N3.
THIS IS THE EASY, ENJOYABLE WAY
TO HELP YOU "BEAT THE HEAT"!
takes no time at all
TTTTT H.nH
, Ul;b BU.l, ..Kit OlIU lh. W . ! 'J m V
delightful, cooling, old-fashioned lemonade that's the best, easiesMo-
Srepare, least expensive "heat beater" of all . . . for the whole family.
.CP. LEMON JUICE is pure, unadulterated, full strength, rich ia Vita
min C. It's NOT "reconstituted'' juice . . . contains no preservative of any
kind, such as unwholesome sulphur dioxide or benzoate of soda. (Be sure
to examine the label carefully when you buy any lemon juice, canned er
bottled.) M.C.P. LEMON JUICE is available the year 'round at a uniform
price to provide you with pure, ready-to-use lemon juice for all the many
uses there are for this most useful of Nature's product in salad dres
sings, jam and jelly making, cooking and baking, as a daily "tonic" in
glass of water. Write the M.C.P. Kitchen Laboratory for a FREE Recipe
Folder. (If you prefer, you can also get M.C.P. FROZEN LEMON JUICE.
Your grocer has it, or can get it for you easily.)
IMAGINE BEING ABLE TO MAKE JAM
WITHOUT COOKING AND BOILING!
They get more jam, too a pint for every cup of fruit! It's nice, also, not
to have to work over a hot stove. Another great thing about M.C.P.
uncooked jams is that you can make them with either fresh or frozen
berries, with almost equal economy. So, if fresh berries are scarce or high .
priced, simply use frozen berries (they're always available), and you'll
get as many as 13 half-pound glasses of M.C.P. uncooked jasa for lew than
lit a glass. Remember, only M.C.P. JAM AND JELLY PECTIN (3'j-oz.
package) has these extra-fine, uncooked jam recipes. They're in every
package . . . along with those for the regular cooked jams and jellies, if
you prefer to make that kind.
. ' H-l
Thursday. June 30, 1S35
to Northwest
anticipated originally. WP hand
les about 90 per cent of Ford's
inbound parts shipments and 20
per cent of outbound auto ship
ments.
397 Enrolled in
Adult Classes
A total of 397 persons have
enrolled in adult education
classes offered by Medford City
Schools this summer, according
to the school superintendent's
office.
Self-improvement classes of
fered are braided rug making,
tailoring, cake decorating, cloth
ing construction, hooked rug
making, casualty and surety in
surance, fire and marine insur
ance, radio workshop, drawing
and sketching, watercolor work
shop, parliamentary procedures,
and identification of mineral
ores.
Apprenticeship related train
ing classes include auto mechan
ics, body and fender repair, car
pentry, dental technician, inside
wireman, optical technician, ma
chinist, plumbing, power line
man, sheet metal worker, and
welding.
Fees charged for class work
make the program virtually self
sustaining, the office reported.
Tuesday Night Frost
Harms Klamath Crops
Klamath Falls (U.R) Early
grain, clovejr and grass seed
were "considerably damaged" by
frost Tuesday night, when temp
eratures in the Klamath Basin
dropped to as low as 19 de
grees. The county extension agent's
office said the basin's potato
crop, except in protected areas,
was generally frozen. Temper
atures ranged from 19 at Mt.
Hebron, Calif., to 29 at Merrill
and Tulelake.
The county agent's office said
undamaged crops should turn
out all right, provided that the
remainder of the season was
warm.
Pole Sure
against it, and there probably
will be.
But the inventors don't care.
Herbert Preglow and Conradin
Kreutzer said they didn't have
lazy anglers in mind when they
devised the "Salmo-Super,"
which is what they christened
their shocking brainchild.
Like Machine Gun
"It's the same as if a hunter
would go after deer with a ma
chine gun," Preglow admitted.
"Nevertheless, the Salmo-Super
for the first time in history al
lows controlled fish-breeding
and fish-farming."
Preglow and Kreutzer in
vented the electronic pole in
cooperation with the West Ger
man Federal Institute for Fish
ing Research at Hamburg.
rmffs
rxnuui
LABORATORY
IT'S A NEW TYPE OP PECTIN . . . the only ene of it
kind . . . called, appropriately, M.C.P. "LOW SUGAR"
PECTIN because it enables you to make fruit dessert.
HOMEMADE LEMONADE ... the natural, wholesome
beverage that really refreshes ! And, the easy way to make
lemonade is to use M.C.P. LEMON JUICE that conven
iently canned for instant use without iuss or bother. It
with a small can of M.C.P. LEMON
1 :M M.lr. nul. 9 a
SOUNDS STRANGE ... but more and more women are
pleased to find they can row make the finest jama ever by
using the amazing uncooked jam recipes developed exclu
sively by M.C.P. JAM AND JELLY PECTIN. They're
getting better-flavored jams because, without having to
cook and boil them. ALL the fresh fruit flavor is retained.
Bill of Exceptions
Filed for Sack
Portland (U.R) Defense
Attorney John P. Hannon yes
terday filed a bill of exception
in, Multnomah County Circuit
Court here on behalf of George
F.' Sack, Portland apartment
house owner convicted of the
first degree murder of his wife,
Goldie.
Hannon claimed the court err
ed in refusing to grant a contin
uance of the trial after the de
fense contended that newspaper
articles "inflamed and prejudic
ed the jury," against Sack.
Sack was originally sentenced
to die last December for the
slaying, but preparatiton of the
appeal has delayed execution.
r
CRISP TENDER
i m nzj
Green Onions
f .
tk itamsnes bun.
360 Size
Lemons
Nice and Juicy
T
doz.
) POTATO
CHtPS)l
If?,
Giant Foil Bag
TEA TIME - 10-Oz.
fi fl
Marshmallou U u
Swiffa Premium
NEBERGALL'S SKINLESS
0)
HICKORY SMOKED SLAB
0)
Fryers
Pan Ready
mass
o o PAULSEN'S o o
CENTRAL POINT'S MOST COMPLETE
SHOPPING CENTER
We Reserve the Right to limit Quantities
Lots of Free Parking Spaeo
M2DF0RD (OREGON) MAIL TRIBUNE NINE
URBAN LAND
Trenton Of New Jersey's
total land area, about one-sixth
is classified as urban.
n
Daily's U Drive
Medford Airport
Sat.
Onlyl
Del Rogue
Tomato
JuDce
2e
46
Oz.
Can
l2 lb. .... . 78c
16 bags. . . . 21c
PURE
GROUND
t
Solid Heads
lettuce