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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Dec. 7, 1955)
O EIGHT MEDF9RD (OREOOH) MAIL TRIBUNE V Wednesday, December 7, 1953 O O o o Benson Sees Possibility of 90 Per Cent Price Supports on Top Products Editor's note: The United Press submitted a series of questions to Secretary of Agriculture Ezra T. Ben son on the farm problem which has become the center of a heated politi cal debate. The following dispatch is based on his replies. By BERNARD BRENNER United Press Correspondent ' Washington (U.R) Secre tary of Agriculture Ezra T. Ben son said today there is a pos sibility the administration will restore 90 per cent price sup ports orr)"top quality products only." Benson emphasized, in reply to a United Press questionnaire, that he is not abandoning the administration's flexible support program which has been under ' heavy fire from Democrats. But he said "we are explor ing" a limited 90 per cent sup porUplan "especially as it con certo next year's wheat crop." He does not regard this as a "compromise" with high-support advocates. "I think that we must recog nize and will recognize differ-' entials for quality," he said. "Therefore, I think that there may be some possibilities for 90 per cent of parity supports on these top-quality products only." The general idea of restoring 90 per cent supports on top grade basic farm crops already has attracted backing from sev eral leading farm belt senators, including Chairman Allen J. Ellender (D-La.) of the Senate Agriculture committee. Possible Compromise Ellender described the pro posal as a possible compromise between Benson's flexible pro gram and the rigid high price guarantees in effect under prev ious Democratic administrations. Under the former program, or iginally drafted to spur war time production of scarce foods and fibers, the government sup ported six basic crops at 90 per cent of the so-called "fair" par ity price. Under present law, supports may range from 75 to 90 per cent. " The "basics" are wheat, corn, cotton, peanuts, rice and tobac co. Tobaco still is supported at 90 per ent under a special law. An aide emphasized that Ben son was not commenting direct ly on Ellender's proposal. He said the secretary merely was dealing with the general idea of a price support differential based on quality. In his replies to the question naire, Benson stoutly defended flexible supports as an overall farm program. "I do not believe we can get anywhere by raising prices above the levels where commodities will sell," he said. ". . . We must market what the public wants and at what price levels that will clear the market." In a letter to farm organiza tion leaders on Nov. 21, Ellender asked for consideration of "the feasibility of, say, rigid price supports to encourage produc tion of desirable and salable basic commodities" and flexible I supports on poorer grades. Wheat, mentioned specifically by Benson as a crop on which the plan might be tried, was Exclusive at Swem's o ..for M EN Tri-Taper, Fiberglass Reinforced. Specially designed to accommodate today's extra long jackets. Scuff and scratch resistant, dents bounce out, cleans with a soap cloth. Resort Tan, American Blue, or Tourister Gray. Also Complete Women's Luggage Line. n Main Floor o " " relp? Wall Street New York (U.R) Prices on the Stock Exchange moved ir regularly today in moderately active dealings. A handful of specialties, how ever, managed to tack on good gains. But in the main list price movements were very narrow. Railroad shares as a group were mostly lower with losses running to a point or better. Today's closing prices on se lected stocks: American T & T 179 Anaconda 70 Chrysler 92 Curtiss Wright 28 General Electric 54V6 General Motors 47 Montgomery Ward 96 Penn R R . 26 Penney" J C 1024 Radio 46 Southern Co 19 Southern Pacific 57 S Oil of Calif 91 Texas Gulf Sulphur 34 Transamerica 43 Tri-Continental 26 United Aircraft 69 U S Rubber 497s U S Steel 59 Youngstown 100 selling at an average of 78 per cent of parity on Nov. 15, the date of the government's last of ficial farm price survey. The support level is 82.5 per cent of parity. On top grade, number one heavy northern spring wheat, has been selling at or above the support level since last August, however. Last year, when sup ports were 90 per cent of parity, this grade also sold on the open market at near or above support prices most of the season. PORTLAND HAY, GRAIN Portland Wholesale Hay Prices: No. 2 green alfalfa, baled, f.o.b. trucks, Portland and Seattle, 339-40 ton. U. S. No. 1 Timothy hay. S48 ton, f.o.b. Seattle; No. 1 Timothy mixed hay, $41-42, Seattle. Prices as reported by the USDA market news service: Wheat, No. 2 soft white, S72.50 ton; No. 2 white oats, 38-lb. test, coast delivery, S50; No. 2 Western barley, S46.50 f.o.b. Portland, coast delivery: soybean meal S77.50 ton, delivered Portland: standard mill run S42-42.50: No. 2 yel low corn. Eastern shipments, f.o.b. Portland, S63 ton. Benson has set the average thority to raise support prices support level for 1956 crop for higher grades while cutting wheat at 76 per cent of parity, the support for lower grades, SI. 81 a busheL Under current thus leaving the overall average farm law, however, he has au- support level unchanged. Four Rescued in Douglas County Roseburg (U.R) Four per sons were rescued from snow bound mountain areas near here in two separate incidents yester day. Two Roseburg truck drivers lost overnight while hauling micro-relay equipment to the top of 5000-foot King mountain south of here were brought to safety late yesterday afternoon. They were Wally Mentzger and Frank Guse. Two Stayton, Ore., loggers were hospitalized at Roseburg yesterday suffering from frost bitten feet and exposure after a 33-hour hike to safety from the snow-clogged Diamond lake area 50 miles west of here. The loggers, William Stinnet, 22, and Frank Benson, 25, were marooned when their .truck slip ped off a snowbank into a ditch at 1 a.m. Sunday. They hiked until they found a California Oregon Power" company cabin, Monday, where they were dis covered by Pacific Telephone and Telegraph company crews some four miles from the micro wave site at the mountain's sum mit. Mentzger and Guse said they spent Monday night in a shelter after their truck became lock ed in a snowbank. Market prices of wheat, cotton and other crops have been de pressed by surpluses in govern ment warehouses. "I would like to add," Benson said, ' "that I think we need broader authority in this general field of moving our surpluses." Exhibit Under Way McMinnville (U.R) The 1 14th annual Pacific Coast Turkey ex hibit opened here today with a record number of entries in live and dressed divisions ready for judging. ; Judges for the Northwest's biggest turkey show were M. M. Reiman of Planada, Calif., and Prof., E. Y. Smith of Cornell University, New York. Field curing is a poor way to preserve alfalfa for dairy cattle feed, compared with silage, ac cording to the U.S. Department of Agriculture. PORTLAND LIVESTOCK Portland (U.P.) Cattle 300. hold over 250. Cutter steers and heifers $10-12; medium stock heifers $11; canner-cutter cows mostly $6-7.50; shells down to 5: utility cows S8.50 10:50: cutter-utility bulls S10-12. Calves 100. Good-low choice vealers S18-20; some $22; medium-good stock calves $14-16, culls down to S7. Hogs 200. holdover 185. U.S. 1 and 2 butchers 180-235 lb. $12.50-13; No. 3 lots $12: sows $9-10.50.. Sheep 500. Choce wooled Iambs $17.50; good-choice grade $16-17; choice-prime No. 1 pelt lambs $18; good-choice feeder lambs $14-16; ewes S2-5. PORTLAND PRODUCE Portland (U.P.I Eggs To retail ers: Grade AA large, 62-63c: A large, 59-60c; AA medium, ' 57-69c; A me dium.. 57-58c; small, 48-39c; carton, l-3c additional. Butter To retailers: AA grade prints, 66c lb.; cartons. 67c: A prints, 66c; carton. 67c; B prints, 64c. Cheese To retailers: A grade Ched dar. Oregon singles. 40 ','2 -45 lie; 5-lb. loaves, 46l2-491,2C Processed Ameri can cheese. 5-lb. loaf 392-41c lb. Farm Market Portland (U.P.) California ' cab bage sold mostly at $6-6.25 a crate today; bunched turnips cost retailers 4:50-4.75 for 2 ','2 dozen lots at some houses: top California tomatoes sold at S4.25-4.75 for best two-layer lugs. Poultry, Rabbits Dressed Chickens No. 1 dressed to retailers: Fryers, New York style, 34 35c lb.:' whole drawn, 41-44c: cut up. 46-49c; hens, light type, lfew York style, 2H-3lc; cut-ups, 4i-44c; nens, heavy type, N.. style, 33-34c; whole drawn, 43-46c lb. Turkeys To producers for A grade young hens, f.o.b. farm, N.. dressed, nominally 36c lb.; A grade toms, 29c; A grade hens, eviscerated, 41 Vc; evis cerated toms, 31I2C lb.; fryer turkeys, live weights, 6 ',2 -10 lbs., 34c lb. Dressed Turkeys To retailers: A grade young hens, 53-55c lb. eviscer ated A grade young toms, 45-52c lb. eviscerated, depending on weight; eviscerated fryer-roasters. 57c lb. Rabbits (Average to growers f.o.b. killing plants) Live white. 3-4V2 lbs., 23-26c; 5-6 lbs., 18-21c: colored pelts, 4c under; old does, 10-14c lb.; a few higher. Fresh killed fryers to re tailers, 58-61c; cut up, 62-65c. Dead line Sunday Classified Is at noon Saturday: 10 a.m. Monday for Monday: other days 5:30 previous day. O 117 S. 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Washable blend of rayon-cotton-nylon. 72x84" 16.88 $1 DEPOSIT HOLDS ANY ELECTRIC BLANKET UNTIL DECEMBER 17 Rules: Buy a new Ford Car or Truck by December 16th. Then write a letter in 25 words or less "Why I Bought a New Ford." Winning letter will win the Thunderbird Junior. Judges decision will be final. All letters must be submitted and postmarked before midnight December 16th. Judges: Rev. George Bolster, Eugene Thorndike and Otto Frohnmayer. LAKE KJiTO YOUR MEDFORD FORD DEALER Can you find the - guarantee" in this picture? You buy a refrigerator only two or three times in your lifetime. Yet you don't hesitate to buy one without getting so much as a look at the intricate "works" that makes it run. ; ' How do you dare make such an important purchase without, having an expert check it over for you? What makes you so sure you're getting your money's worth when you say, "I'll take . that one"? The answer's obvious. You look for the brand name on the refrigerator your "guarantee." You've learned to follow this first jule of safe and sound buying: A good brand is your best guarantee No matter what kind of product you want to MEDFORD MAIL buy, you know a good brand won't let you down. You know the maker stands back of it guar antees it. And so, when you buy a good brand you know you're right. Read this newspaper to find out which are the good brands (and the stores that sell them.) The more good brands you know, the surer you are about all your shopping. BRAND NAMES FOUNDATION Incorporated A Non-Profit Educational Foundation 37 West 57th Street, New York 19, New York TRIBUNE
