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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Nov. 29, 1955)
o tlX MEDFORD (OREGON) MAIL TRIBUNE Tuesday. November 29, 1953 any Farmers To Enter ith Larger Debts, Less Cash "Washington (U.P.) The Ag riculture Department said today many farmers will enter 1956 with larger debts, less cash, but more assets than a year earlier. The explanation for this par adox, the department said, "lies in the value of farm real estate which has continued to rise in 1955 despite lower farm in come." Describing the farm real es tate situation as "unusual," the department's periodical, "The Agricultural Finance Outlook for 1956," said it apparently stemmed from: "The desire of farmers to en large their farms; more liberal loan policies of some mortgage lenders; generally favorable crop yields in 1955; the favora ble outlook for the economy at large; and the expectation that the demand for farmland will be favorable in the long run, partly because of a continued high rate of population growth in the United States." Trends Reviewed The farm financial outlook was issued in the midst of the 33rd annual Agricultural Out look Conference. This is a meet ing of state extension economists and educators for a review of current economic trends both at home and abroad. Extension per sonnel use the information to carry on educational work with farmers and homemakers. The department said the "larg er debts and less cash" situation occurred because some farmers bought more land; some installed irrigation systems, many added to their machinery and livestock and used more fertilizer and in- i secticides. Some made large out ; lays to repair storm damage. These expenditures, made when farm receipts were lower, re duced the financial reserves or I increased debts. Additionally, some farmers "were unable to adjust expenditures to the lower level of income because of the cost-price squeeze, or crop dam age from drought or storms." Reserves Reduced Little In the aggregate, the depart ment said, liquid financial re serves of farmers were reduced little during 1955, but farm debts were increased considerably. Most of the expansion in farm debt resulted from increased ex penditures for capital and oper ating purposes, including an in crease in the number of cattle on feed. Most farmers queried by the outlook survey reported they are able to pay their obligations on schedule and that they have no difficulty in obtaining the credit (Vodka in orange juice) jgf It leaves you , ' breathless s II mirnoff ie qrtaiett name -VODKA 80 proof. Mid (torn 100 Jtratrtneutril spirits. Sg:. PictreSmimaffFli.lrK..Hartford.Conn. mm Church To Face Integration Test Erath, La. OJ.R) A Roman Catholic priest said today the "big test" of possible further violence over a racially integrat ed church school will come Dec. 5 when the catechism classes are reopened. The classes were closed about two weeks ago after the alleged beating of a woman lay teacher who was on her way to say ros ary. Two women accused as her attackers were excommunicated over the week end. Father A. J. Labbe, pastor of our Lady of Lordes church, said the integrated classes would start again Dec. 5 and added "that will be our big test." Labbe also disclosed that he usually had someone to accom pany him when he went out but he said he is not afraid. The priest said he had receiv ed no letters or threatening calls although friends had expressed fear he was in danger. The Most Rev. Jules B. Jean mard, bishop of Lafayette, who Issued the excommunication de cree, warned parishioners that "any further act of violence" would result in the closing of the church. they request. Lenders reported some increase in delinquencies, but said most delinquencies are low and most of their farm cus tomers are in good financial condition. Ruling in Favor Of Jack Benny in Tax Case Rapped Hollywood, Fla. OJ.R) The Federal Taxation committee cf the Investment Bankers associa tion today criticized the U.S. Su preme court for ruling in favor of comedian Jack Benny in his long contested income tax trou bles. The committee charged the high court decision abetted those who use loopholes in the tax laws to avoid full payment. "One of the great problems faced by the drafters of tax laws is that of tax avoidance," the committee said. ". . . It can be expected that as long as tax rates are punitive as at present, the wits of the tax avoiders will continue to be pitted against the taxing authorities. Comfort From Court "This year the tax avoiders received comfort from the Su preme court when in the long contested 'Jack Benny' case the court ruled that a transaction entered into for the purpose of diminishing tax liabilities was legal if it conformed to the let ter of the tax laws." It recommended a ceiling on earned income taxation be set at 50 per cent and described high progressive personal in come tax rates as a "basically anti-social situation." The report estimated the ceil ing would cost the Treasury less than 3 per cent of all it collects from income taxes during a year's time. Pendleton Woman Auto Crash Victim Pendleton (U.R) Miss Clara Hutchinson, 63, of Pendleton, died in a hospital here today of injuries suffered in an auto crash yesterday. State police said Miss Hutchin son's car was wrecked in a one car accident on Highway 30 east of Sheridan, Ore. They said, the pavement was icy at the time. Use Tribune Want Ad on-Paid Consultants To Escape lkes New interest Regulation Washington (U.P.) Non-paid consultants on some 300 govern ment advisory committees will escape the tightened conflict of interest regulations issued by President Eisenhower, officials said today. The President's order placed new curbs only on businessmen advising the government on de fense production matters, the of ficials pointed out. They said that of the 100 government ad visory committees now in exist ence about 700 were established under the defense production act of 1950. No Statutory Basis But the remaining groups have no statutory basis and hence es cape the President's new regula tions. These committees advise government leaders in such fields as commerce, agriculture and small business. The officials also said that contrary to an opinion ex pressed" by Presidential Press Secretary James C. Hagerty, the new regulations would not have applied to Adolphe H. Wenzell, former adviser to the Budget Bureau on the controversial Dixon-Yates contract. Advisor on D-Y Matter Wenzell acted as an adviser to the Budget Bureau on the Dixon Yates matter while still a mem ber of the New York investment firm handling Dixon-Yates fi nancing. His alleged dual role led the Atomic Energy Commis sion to declare last week that a conflict of interest matter was involved in the now-abandoned contract and that, therefore, it was refusing to pay cancellation costs on it. Officials pointed out the new regulations would not have cov ered Wenzell because his job was one dealing with public and private power matters and was not covered by the defense pro duction act. Auctioneer's Sale Alarming To Briton Newmarket, England (U.R) Horse trainer Dick Pea cock heard the auctioneer at the New Market bloodstock sales announce: "Mrs. Peacock at 10 guineas. Any advance?" Peacock looked around fran tically for his wife but it was too late. Mrs. Peacock was "going, going, gone" for 84 pounds (about S235). Peacock calmed down when he learned "Mrs. Peacock" was a three-year-old horse, owned by Miss Dorothy Paget. McCarran's Successor Not To Be Candidate Reno (U.R) t Sen. Alan Bible, 46, Nevada Democrat ser ving out the unexpired term of the late Sen. Pat McCarran, will not be a candidate for reelection next year. Bible announced last night that he wishes to return "to the quieter role of private life." Nevada Democrats had hoped Bible would seek election and were confident he would win. His decision not to run was cer tain to touch off a scramble among members of his party for the nomination. The first reinforced concrete skyscraper in the US was built here in 1902. Use Mail Tribune Want t PICTURE TUBES REJUVENATED Is your picture tube dull and weak? Most pietureubes can be restored to original brightness at only a fraction of the cost of replacement. For further information CALL Electronic Service 18 N. GRAPE PH. 3-1971 Haines Girl One of Best 4-H Junior Homemakers Chicago (U.R) Alice Anne Loennig, 18, of Haines, Ore., to day was chosen one of the six best junior homemakers at the 34th national 4-H Club Congress and was awarded a $300 schol arship. The other winners were from Illinois, Kentucky, Missouri, New York and North Carolina. Projects ranged from preparing and serving meals to caring for livestock. Each girl has been active in her 4-H club. Slides Force Use Of One-Way Traffic Salem (U.R) One-way traffic was in force on the Col umbia river highway five miles east of Clatskanie and on the Siletz highway four miles east of Kernville because of slides, the State Highway Department said today. Elsewhere pavements were bare except for spots of ice at Warm Springs junction, Bend, "' ' lore Sold Than Any Other lake There must he a reason! SAVE MONEY! SAVE WORK! .i iua.TO -st--i.w&r-?;. :cx. LOWEST OPERATING COST DIRECT AIR FLOW AUTOMATIC DOOR FILTERED AIR NOW ONLY MODEL AD1 LOW DOWN PAYMENT you can in sogg... it iTiestinioase Tune In On "Studio One" KBES-TV-Monday, 7 p.m. OPEN WEDNESDAY EVENINGS 'TIL 9 P.M. EASY TERMS SPECIAL! Play Santa For Everyone at Hubbard's TTme will fly between no. WE WILL BE OPEN EVERY WEDNESDAY UNTIL 9 P.M. UNTIL CHRISTMAS! REG. $1.00 WALL Copper Tea Pot Shaped Wall Ther mometer Cooper Brand. NOW ONLY ALL COPPER FINISH Houseware Items! Copper is popular and Hubbard's have assembled many items in this popular finish. Here are just part of the items. ' CANISTER SETS STOVE SALT & PEPPER SET MEASURE SPOON SET CAKE CARRIER SET SALAp MOLDS SALAD BOWLS ELECTRIC PERCOLATORS ELECTRIC WALL CLOCKS WAFFLE SETS Heat-proof tianHlo clntteft ror nanging .Two W v spill-proof jf pouring lips Special Price Cast thick as 9o silver dollar! Thick bottom and sides spread heat evenly throughout skillet Also available with tight-fitting covtr at special pries of $6.95-'gularly $8.95 The beautiful skillet you see here, once you've tried it, will make you a Magnalite fan for life. You'll love it so much that, before you know it, you'll be doing all your cooking with a complete set of Magnalite utensils. That's the reason for this Cet-Acquainted low, low price of $4.45 lona by Wagner THI METAL THAT RADIATES HIAT LIKI AM OVIH layaway WOlyi ELECTRIC Hair Dryers o Several models of dryers which de liver ample warmed air to dry hair thoroughly and quickly. to $6 $195 0 MEASURE SPOON SET There are few homes which can't use this five piece STAINLESS STEEL Measuring Spoon Set. Handles are long enough to reach the bottoms of cans. Four spoons and wall rack. STEEL NEW STAINLESS bbL DtO M JUST RECEIVED I r ,c STE I FIRST SHIPMENT All Stainless Steel New Automatic Air Vent New Pressure Regulator New Cooking Guide Thermometers We are all interested in the weather even if we can't do anything about it. See Hubbard's selection of ther mometers for indoors or for out doors. Several models for mounting outside a window. 75c to 4OO Also Registering Minimum Maxi mum Thermometers. $T0 and 15 00 WALL TYPE SHOE RACKS These three tier wall type Shoe Racks will help keep a closet neat and easy to clean. Bright chrome plated finish. Rack space totals 60 inches. $400 FRANCISCAN WARE New "Autumn Leafo Pattern of California Dinnerware! "Autumn Leaf" is oven-safe and cannot fade in any washer. A flecked body decorated with a gay swirl of brown, blue, green and yellow leaves. Modern Americana "Flair" shape. 16-PIECE STARTER SET $4S5 the only way to id: COOKY and PASTRY PRESS Ttie vmuu jwxts." Genuine MIRR0 set indoon 12 forminf plates, 3 pestry rJpt, veoden storage reck, htttroe- ooot, recipes. Complete, onty !25 MAIL BOXES SEE HUBBARD'S FINE SELECTION OF RESIDENTIAL MAIL BOXES. Models in All Brass, Brass and Black and All Black Finishes. Upright models with outside magazine holder racks and also the new Ranch House horizontal models which easily contain and protect magazines from the weather. All models designed to add attraction to the home. S25t0l795 TREE STANDS 1 : . And to hold the tree you can rely on the "Lifetime" Tree Stand. The brace to the cone at the bottom makes the stand ab solutely rigid. Two sizes for medium and large trees. $1.65 & $2.25 Christmas Tree Lights 15 Light Weather-proof Outdoor or In door Set with clip on socket M QO C 9'2 American Made Globes.... HsOO 15 Light Indoor Tree Set with clip on sockets equipped with C 74 ?Q QQ UllU 1.79 American Made Glomes 7 Light Indoor Tree Set with C iy American Made Globes. it See Murray-Ohio's New Children CHAIN DRIVE - Police Patrol CYCLE The Newest Item in the Wheel Goods Line A really snappy Riding Cycle built like Medford's police department uses. Has an tenna and siren. Has compartment with hinged door. Ball bearing drive. 50Q95 Ball bearing wheels Hubbard Medford Ft ros.. in r Phone 2-6189 Main and Riverside 214 W. Main Medford Phone 2-5211
