i
:-TWO MEDFORD (OREGON)
Farm Wage Rates
Hii Record High,
Farm Prices Gain
Corvallis National farm
wage rates to hired workers
are now at record highs, ac
cording to Mrs. Elvera Hor
rell, extension agricultural
economist at Oregon State
college.
Wages advanced faster than
rural living costs in both
1956 and 1957, resulting in
buying power greater than at
any time except in 1945 and
1946.
Preliminary estimates show
that farm operators in the
nation also fared well, in spite
of risingo perating costs. In
comes were up for the sec
ond consecutive year.
Oregon and national farm
prices followed different pat
terns throughout the year. At
the close of 1957, farm pric
es in Oregon dragged a little
behind the close of 1956. Na
tional prices, on the other
hand, were as much as 3 per
cent higher than the 1956
close. Both Oregon and the
U.S. averaged higher for the
year.
Farm prices in Oregon
crept up 1 per cent during
December, due mainly to sub
stantial increases in meat an
imal and egg prices which off
set lower prices in many of
the crops. National farm pric
es leveled off from Novem
ber to December as higher
prices for meat "animals and
sweet potatoes counteracted
price declines in cotton, to
matoes, milk and oranges.
Although farm costs contin
ued to rise, the rise was too
slight to have much effect on
farm-product buying power,
Mr. Horrell reports. A slight
rise in prices of production
items, especially feeder live
stock and motor vehicles
more than compensated for a
drop in family living items.
WASHING CASUALTY
Dover-Foxcroft, Me. (ffl
Two-year-old Patricia Nutting
crawled into her mother's
washing machine. It took fire
men and mechanics working
with blow torches and crow
bars three hours to free her.
This Week's
IS
rjc
Here's a home to fall in
love with. Across the rear the
family area extends in easy,
open space from the family
room, through the kitchen
area, to a family eating room.
Wide glass doors open in sum
mer to include the patio for
sun. play and relaxation.
Built-in oven refrigerator,
barbecue and cabinets are
along one wall. The range is
located against a half-wall
which opens to the family
room. Cabinets between the
kitchen and eating area open
on either side.
There's space in the service
area for washer and dryer, as
well as a freezer and a sew
ing table.
For enertaining, the living
room and dining area extend
II. IZ .. - - "-J .
I I ....
i i to
.1 re N iML
MAIL TRIBUNE
New Order Explained
About Vaccinations
Salem Vaccinates under
30 months of age in beef
cattle, and vaccinates under
24 months of age in dairy
cattle may now be removed
from a herd quarantined for
brucellosis in both range and
dairy areas, according to an
administrative order of the
state department of agricut
ture. This change in the depart
ment's regulations came as a
result of conferences with
cattlemen from the Klamath
county area, who maintained
the former regulation, which
allowed vaccinated calves
under 18 months of age to be
removed, was too strict. After
investigation, department ex
perts decided the rule could
be changed without risking
effectiveness of the program.
Don Parker, assistant at
torney general with the state
department of agriculture,
Many Oil Meters
Checked in 1957
Salem Oregon residents
who heat their homes and of
fices with fuel oil will be reas
sured to know the state de
partment of agriculture in
spected more than 3,000 fuel
oil meters for accuracy in
1957.
Of these liquid measures
tested, 446 were over two in
ches in diameter, and 2,562
were two inches or under in
size.
More than one-third of the
meters tested by department
inspectors last year needed
minor' adjustments, and 150
were condemned for repairs.
After repaired and retested,
the condemned meters were
put back into service.
In order to do this inspect
ing, over one million gallons
of gasoline and other fuel oils
were pumped into the depart
ment's testing equipment.
After checking the amount de
livered, the oil was returned
to the companies' tanks.
The department's two test
trucks used for meter inspec
tion traveled 30,106 miles dur
ing 1957.
Town, Country House
LI VIN DININ
PLAN NO. 360 ; ...jTU
1889 5 (2 FT. .T;
to a spacious 28 feet, bright
ened by a corner fireplace
and an expanse of casement
windows.
The master bedroom suite
includes a private three-quarter
bath and dressing room
with built-in dressing table,
linen closet and wardrobe.
The wide sliding-p a n e 1
wardrobes in the family bed
rooms have drawers below
and storage shelves above.
The family bath has a pull
man with two lavatories, plus
both tub and stall shower.
Closets line the halls, pro
viding ample storage for lin
ens, brooms, family storage,
a forced air heating unit and
water heater.
The modern exterior of this
home would make it an at-
Thursday, January 23. 1958
said that this order points
up the advantages of a flex
ible brucellosis law. The 1957
legislature authorized the
department to adopt and issue
regulations necessary for en
abling the state and the var
ious counties to become modi
fied certified brucellosis free
areas, to maintain that status.
The regulations adopted by
Oreeon's deDartment of ag
riculture must be in line with
minimum federal stadards.
Discussion Welcomed
If the regulations had been
a part of the state law, Park
er continued, it would have
been impossible to change
them until the next time the
legislature meets. The at
torney added that the depart
ment welcomes talks with
cattlemen about their ideas
for improving the program
Another important change
contained -in the administra
tive order concerns brucellosis
susDects originating from bru
cellosis-infected herds that are
moved to or sold through a
stockvard or livestock auction
market. The new regulation
stipulates these animals must
be sold only for slaughter and
moved directly to a slaughter
ing establishment that has fed
eral, state or municipal meat
inspection.
This section was added to
Oregon's rules because the
department had received re
ports that some out-of-state
sellers are bringing brucellosis
suspects into Oregon in an at
tempt to sell them.
The administrative order,
signed Jan. 13, also declares
owners of cattle herds must
use 'the official veterinarian
in their area for vaccination
and testins for brucellosis and
tuberculosis. However, with
approval of the department,
the owner may use another of
ficial veterinarian of his
choice, provided he pays the
cost of required testing and
vaccinations.
' The order states this re
quirement is necessary in Or
der to achieve the most effi
cient and economical use of
the tax funds which have
been appropriated to carry
out the program in Oregon.
a.
i-
tractive addition to any neigh
borhood. Cedar shakes form
the interesting lines of the
roof. The rough-cut stone in
the chimney and planters
lends textural contrast to the
vertical board on board sid
ing. Box-framing around the
windows repeats the long,
low lines of this 1889 square
foot home.
Comolete workine drawings of
the above plan can be obtained at
a cost of S7.50 for the first set
and $5 for each additional set,
when ordered at the same time.
This plan will be available for a
period of four months from this
date. Please allow two weeks for
delivery. If the above home does
not entirely meet with your satis
faction, a new home plan book,
TOWN & COUNTRY HOMES, may
be purchased for SI. Send all or
ders for either plans or books to:
Hiawatha Estes, P. O. Box 401-1,
ortariage, cam.
Jm
Animal Industry
Conference Dated
At Oregon State
More than a dozen of the
country's top animal nutri
tionists and chemists will re
port latest research findings
to help farmers increase live
stock feed efficiency, Feb. 6
and 7, at Oregon State col
lege. The Oregon Feed and Seed
Dealers association and OSC
will co-sponsor the 16th an
nual Animal Industry confer
ence. J. E. Oldfield, OSC ani
mal husbandman, is program
chairman.
Opening day speakers in
clude F. H. Kratzer, poultry
nutritionist, University of
California, discussing protein
for poultry; V. H. Cheldelin,
director, science research in
stitute, OSC, speaking on the
contributions of basic research
in animal nutrition; and A.
O. Shaw, head of dairy hus
bandry, Washington State col
lege, reporting . dairy cattle
feeding research at WSC.
Hormones " and other feed
additives in beef cattle nu
trition will be discussed by
Wise Burroughs, nationally
prominent animal husband
man of Iowa State college.
The place of agricultural
chemistry research in animal
nutrition will be reviewed by
J. R. Haag, OSC agricultural
chemist.
Other first day speakers
are Laurent Michaud, scien
tist for the Merck, Sharp and
Dohme research laboratories,
Rahway, N. J., reporting med
icated feeds for turkeys; and
George Arscott, OSC poultry
researcher, who will review
latest findings in poultry nu
trition research at the col
lege. Tranquilizing drugs in live
stock feeding, a highlight of
the second day program, will
be reported by D. C. Church,
OSC animal husbandman.
Other topics include roughage
utilization by cattle by Bur
roughs and a talk on Pakis
tan's people and livestock by
Shaw, who returned recently
from a world tour.
Greater feed efficiency
through supplementing Ore
gon's low-cost roughages with
concentrates will be discussed
by David C. England, OSC
animal husbandman. Kratzer
will report research findings
on feeding turkey breeder
hens.
Ag Dept. Chemist
Gets High Rating
Salem James Launer of
Salem, chemist with the state
department of agriculture,
ranks among the top three
feed analysts in the nation ac
coring to J. D. Patterson, the
department's chief chemist.
This announcement was the
result of information released
by the Association of Ameri
can Feed Control Officials.
Every other month, iden
tical feed samples are sent
for analysis to more than 125
laboratories throughout the
nation, including most of the
state laboratories. The entries
are reconciled for accuracy
by the Association of Ameri
can Feed Control officials.
Launer's rank among the. top
three was determined from
analyses submitted during a
five-year period.
Market Influences Noted
By Promotion Leader
R. A. Patterson, manager of
the Oregon-Washington-California
Pear Bureau, was a
guest speaker of the Medford
Pear Shippers association at
meeting held recently.
Patterson noted the market
ing of the winter pear crop
has been influenced by sev
eral major factors: the large
volume of pear production
this year, the heavy supply of
apples on the domestic mar
ket at low prices, the good
supply of bananas and a
weaker economic picture in
the prime markets.
Food and produce items feel
the pinch first in a depressed
economy, Patterson said, with
other consumer items taking
precedure with the buying
public. He noted increased in
dustry promotion is needed to
stimulate consumer demand in
the face of buyer resistance
and competition from other
produce items for the food
dollar. Two promotion pro
grams are planned for the
coming months, in addition to
the program completed in De
cember of 1957. The first one
was launched January. 16 and
continues through mid-February,
with another planned
for March.
Patterson expressed the
thought that a reduction in
the supply of tangerines, due
to the freezing weather in
Florida, would have a bene-
The Sunapee, or golden
trout has been found in only
four places: Lake Sunapee,
and Big Dan Hole Pond in
New Hampshire, Averill Lake
in Vermont and Floods Pond
in Maine.
CHIT CHAT
By JOE COWLEY
Mail Tribune Farm Editor
People are making plans for a Pear Blossom Festival
here again. Tentative date set is April 12. So far no definite
plans have been made. During the recent meeting held in
Medford it was suggested this year the annual event be
called "The International Pear Blossom Festival." This
sounds, like a step in the right direction. We think this should
be more thm just a community celebration. Why not start to
lift it up to the level of the "Apple Blossom Festival" in
Wenatchee, Wash.? This would have two advantages. It
would give an already well-promoted industry even more
promotion and it would attract more tourist business. As
chamber of commerce officials are so fond of remarking
every tourist car attracted to Southern Oregon means an
average of $16 to $18 a day spent figuring an average of
three persons to a car.
It takes ideas to put on such a celebration so anybody
having them should drop a card or letter to "Pear Blossom
Festival," 11 Almond st., Medford. This is a good chance
for various farm organizations to stick in their oars and pull
with the rest of the community in putting on a first class
celebration.
Those pear growers and shippers following the experi
ment on controlled atmospheric storage of pears at ' the
Myron Root and company packing'plant will be glad to know
the project is proceeding satisfactorily. Eventual aim is to
keep the oxygen in the air-tight tent at a 5 per cent level.
Don Root says this week the 10 per cent barrier was passed.
A big problem is preventing the sodium hydroxide solution
used in the air-scrubbing process from changing to sodium
carbonate chrystals. However, so far that problem is under
control.
Don't forget the annual meeting of the Jackson County
Stockmen's association slated for Feb. 11, starting at 10:30
a.m. in Central Point. Guest speakers will include Robert
Stewart, director of the state department of agriculture, and
Ted Hyde, chairman of the beef commission committee of
the Oregon Cattlemen's association. Those responsible for
the program are Collier H. Buffington and Merton Bradshaw.
Both the Jackson County Stockmen's association and the
auxiliary organization, the Jackson County Cow Belles, will
elect officers. Members of the nominating committee for the
former are Herb Carlton, Prospect; Ernest J. Lathrop, Central
Point, and Richard R. Hein, Ashland.
When the Talent irrigation project hits full operation
farmers will have to seriously consider rotation of pastures.
Since agricultural authorities believe reclaimed land bene
fitted by this project will consist of small subsistence farms
it means daily rotation. Those with larger acreages may be
able to rotate their acreage on a five-day basis. The -chopping
system is used in a few cases now in the county, we
are told. However, this is a costly method and one which most
farmers are unable to afford. It consists of keeping stock in a
feed lot and using machines to cut the pasture and chop it
up for feeding. More grass in a pasture is utilized by keeping
it away from the trampling hooves of the stock, but it also
means constant daily feeding of the chopped material.
Such methods are necessary to prevent the animals from
picking up worms which they have a good chance of doing
if allowed to stand in the same irrigated pasture constantly.
Also, better use is made of the pasture by alternating the
grazing. One county farmer estimates he carried stock on
30 acres less by using this method. It's something to think
about anyway.
Considerable interest in forestry practices has been de
veloping lately in the county, according to local agricultural
authorities. ASC officials said of the first 50 applications made
under the agricultural conservation practices program, 15
were for forestry. This covers the period from Jan. 1 to the
present. Authorities say this represents more such applica
tions than have been made for the past three years.
One farmer figures he can make $1,000 an acre by plant
ing forestry seedlings. There is a reported shortage of such
seedlings in several nurseries throughout the state. While
farmers become interested in the acreage reserve program
of the soil bank they should also bear in mind that cut-over
land should not be neglected either. Anyone can come under
the ACP program while the acreage reserve requirements
are much stricter. Cut-over land should not be neglected,
an agricultural authority pointed out.
Research Being Conducted
On New Irradiated Foods
Corvallis ' A roomful of
1,200 white rats at Oregon
State college is helping to
answer questions about the
wholesomeness and safety of
irradiated foods that some day
soon may be on tables in
homes across America.
The irradiated: foods
promising new product of the
atomic age are being fed to
the rats to see whether they
affect length' of life, gains, or
number of off-spring.
f icial effect on the winter pear
demand in the coming months.
The trip to Medford is a part
of a tour of the major pear
producing districts on the
West Coast, and after visiting
the California districts he will
attend the United Fresh Fruit
and Vegetable association con
vention in San Francisco- Sun,
day, Jan. 26.
Bank Stockholders
Hear Annual Report
Portland Three vice presi
dents were elected arid 1957
net earnings of $5,389,885
were reported Monday by the
First National bank t of Port
land at the bank's annual
meeting of stockholders at the
Portland head office.
New vice presidents are
Stetson B. Harman, an assist
ant vice president and trust
officer, Grant W. Perry, as
sistant vice presdent in the
head office loan department,
and Arthur E. Zerbe, assistant
vice president and loan offi
cer at the Main office.
This was the third highest
net profit in the bank's 93
year history, and amounts to
$3.37 net earnings per share
on the 1,600,000 shares of
stock outstanding C. B. Ste
phenson, president, said.
The 1957 earnings are 2.2
per cent less than the all-time
record reported at the end of
1956, the bank president said.
Interest paid on savings de
posits last year was $7,364,
314, an increase of $1,660,657,
or 29.1 per cent over 1956.
To date, no differences
have been found between rats
on irradiated and non-irradiated
foods, according to Dr.
Edward C. Bubl, leader of the
project started in September
1954. Foods under test are
pork, peaches, carrots and
jam.
The foods are irradiated for
preservation at the ' Idaho
Falls, Idaho, atomic energy
installation and then shipped
to OSC in cans. They are
stored for it least six months
at room temperature as part
of the test of the effectiveness
of the food treatment.
Ten other U. S. research
centers are also working on
other phases of the research
that is sponsored by the sur
geon general's office, depart
ment of army.
Since OSC started its diet
studies with rats in 1954, it
has been awarded some $128,
000 by the surgeon general's
office. A new grant of $33,600
was received this month to
continue the work through the
fall of 1958.
The white rats that are the
test animals are carefully
picked and observed, Bubl
pointed out. Brothers and sis
ters are used in comparisons
with one third receiving un
treated foods, one third re
ceiving normal-dose level ir
radiated foods, and one third
receiving a double-dose ir
radiated food diet.
When the rats die, body tis
sues are examined by Dr.
Jesse F. Bone, agricultural ex
periment station veterinarian,
to see if they have been
changed by the irradiated
diet. No differences in body
tissue have been noted in
tests to date. Some of the rats
have been on test two years,
long past the usual life span
of ordinary rats.
Bubl and other ag chemists
at OSC are also studying
problems of flavor changes
that develop in irradiated
foods. Still other studies on
irradiated foods are under
way at OSC in the food tech
nology and bacteriology de
partments. Special grants
have been received for all of
the various projects. '
Dead Line on Classified Ads: 5:30
p.m. for following day. except 10
a.m. for Monday;- far Sunday, noon
Saturday.
Further Information
Given On Saff lower
A new type of agricultural
industry may be started in
the Rogue River valley fol
lowing a few commercial
plantings this spring and more
extensive research, it was
learned last night.
Approximately 19 farmers
met in the agronomy station
of the Southern Oregon
Branch Experiment station to
hear how the Safflower can
be raised profitably. H. H.
White, station superintendent
emphasized that his organiza
tion is not pushing develop
ment of the plant commerci
ally and that "a lot of work
has to be done."
The 19 were among the
group of farmers who have
shown an interest in develop
ing the plant for commercial
sale of the seed and their
farm lands represent a wide
variety of soil types. White in
dicated this particularly is im
portant to gain more knowl
edge of the plant's growing
conditions. Total plantings
will be limited to 300 acres in
the county.
The plant is a member of
the thistle family and pro
duces a bright yellow blos
som. Used in Paint
Oil from its seeds is used
in high quality paint and
enamels, some in synthetic
resin materials and could
even be used in plastics, ac
cording to John A. Yungen,
agronomist at the station.
Del Chapman, representa
tive of L. G. McLaren, Shell
Oil distributor in Medford,
said he had contacted the Pa
cific Vegetable Oil company
in the San Francisco Bay area
to learn of marketing arrange
ments. .
The seed would be pur
chased from the company at
a cost of approximately $3 an
acre figuring plantings of 30
to 35 pounds of seed per acre.
Chapman said company offi
cials informed him maximum
freight rate would probably
be $10 a ton. The company
would pay $70 a ton FOB for
the produced seed at the Rich
mond, Calif., plant, he said.
However, Don Patterson,
manager of the Grange Co
operative at Central Point, if
he were to haul it for the
farmers he would want more
than $10 a ton. "deadheading"
(coming back empty) and
might take as little as $8 a
ton on a back-haul basis. He
said his company would prob
ably haul it in 22 ton loads.
Patterson said it would also
squeeze him if, as specified,
the Safflower crop were to be
harvested the first of Septem
ber and had to be delivered
to Richmond by Oct. 1. Chap
man said arrangements might
be made to give the haulers
more time.
White urged the farmers at
tending the meeting to make
sure they could handle the ex
perimental planting efficient
ly "then go ahead and do the
best you can and make a go
of it."
"I can't emphasize too much
that one failure will do lots
of damage and hundreds of
successes cannot erase the ef
fect of that one i failure!"
White pointed out. "It will
take careful management."
Explained Experiment
White explained that he
had experimented with the
crop for six years, starting in
1951. Lots of work has to be
done yet, he emphasized. This
would cover experiments and
studies of fertility, rate, of
seeding and other phases.
"You won't get rich, neither
will it cost you a great deal
of money," the station super
intendent said. "I would fig
ure you would make about as
much money as you would
from a grain drop, then you
won't be disappointed at
first."
Chapman explained follow
ing the meeting that his com
pany is interested in a plant
which may help the farmers
and he first noticed it when
in California where it is
grown extensively in some
sections. His company also
handles fertilizers through
Shell Chemicals corporation,
he said.
White explained he became
interested in the plant when
he learned the seeds could
possibly produce a substitute
for tung oil which is now im
ported. That imported oil has
become almost essential in
certain war materials. If hos
tilities should shut off normal
trade the overseas source of
tung oil may be curtailed also,
he said.
Yungen explained to the as
sembled farmers that the
Safflower is now grown in the
semi-arid areas of the Middle
East and Northern Africa, In
GREEN FIR WOOD
Prompt Delivery
PHONE SP 3-6297
McGINTY FUEL CO.
dia, Egypt, United States
Northern Great Plains Ne
braska, Colorado, Wyoming,
Idaho, Oregon, California,
New Mexico, and Utah.
Climatic requirements in
cluded semi-arid, hot dry at
mospheric conditions and at
least 120 days growing season.
It needs also a good supply of
soil moisture for satisfactory
yields.
Grows Tall
Annual growth is from 18
to 40 inches in height. Tallest
growth reached at the experi
ment station with one variety
was 40 inches, Yungen said. It
requires a soil temperature of
40 degrees or more for germi
nation. Shoots start through
the soil in five to 20 days
after planting.
Seedlings will stand tem
peratures of from 10 to 15 de
grees, but seedlings four to
six inches in height may be
damaged at 25 degrees. Yun
gen said seedlings at the sta
tion were not damaged when
the frost did severe damage
to pears in the district.
Yungen said the stalks are
strong enough so there is no
lodging. Also, it does not pre
sent a weed problem the fol
lowing year, he added.
The Safflower can be plant
ed in deep, well-drained sandy
loam or light clay loam soils
and requires a little more ac
tual nitrogen fertilizer than
grain approximately 50 to
60 pounds per acre It yields
fairly well in dry soils but
much better in irrigated soils,
Yungen said.
The plant also tolerates
alkalinity in the soiL How
ever, Yungen said he and
White figure it would be sub
ject to possible lour main dis
eases leaf spot, ruts, root rot
and bur rot. None of these
has been observed in the ex
perimental plantings here, he
added. No insect damage has
been noticed.
Yungen suggested farmers
plant no sooner than March
25 and up to April 10. Seeds
should be planted about '116
inches deep. An ordinary
grain drill can be used. Where
a farmer would plant 15
pounds of grain to an acre he
would plant about 25 pounds
of Safflower.
Poor Weed Competitor
Safflower is a poor weed
competitor so the field should
be cleared of all weeds, and
2-4D cannot be used on this
member of the thistle family.
The plant can be harrowed
before it comes up since it has
a strong tap-root and can be
harrowed again when it is
two to four inches tall. A reg
ular grain cultivator can also
be used.
When used, irrigation
should be applied at flowering
and about seven to 10 days
after ilowering has 'Started.
The plant flowers for a per
iod of 10 days to three weeks
and the buds range from five-
eighths of an inch to an inch
in diameter. However, when
irrigating by flood irrigation
made sure the water does not
"pond-up", Yungen cautioned.
Safflower is adapted to di
rect combine harvesting, with
possibly a few minor adjust
ments as reducing the cylin
der speed to 500 to 600 revo
lutions per minute to prevent
cracking the seed.
Time of harvesting depends
on when the heads are 98 to
100 per cent dry and easily
threshed by hand, Yungen ex
plained. In oilcake form its feeding
value is equal to soybean
meal when fed on an equal
basis. Dairy cows, beef, sheep
and poultry all eat it readily,
the agronomist said. Oil meal
or cake when made from
hulled seed is higher in pro
tein than linseed oil meal but
when made from unhulled
seed has only 18 per cent pro
tein and 40 per cent fiber
as much fiber as straw, Yun
gen added.
Kapers Tickets on
Sale from Members
Tickets to the Annual Med
ford Kiwanis Kapers can now
be obtained from members of
the club.
The annual musical variety
show will be presented on
Feb. 26, 27 and 28 and March
1 at the senior high, school
auditorium. Name of the show
is 'Krazy Kapers of '58."
There will be a special
price for students only on
Wednesday night of the pro
duction. The Kapers will feature all
local talent with professional
direction.
SF Banks Lending
Money al Lower
Interest Rates
San Francisco (tPl Three
big banks with headquarters
in San Francisco began lend
ing money to their best cus
tomers today at a slightly
lower interest rate.
The banks were American
Trust Company, Crocker-Anglo
National Bank and the
Bank of America. They cut
the so-called prime rate of in
terest from 4Vfe per cent to 4
per cent.
The action followed a sim
ilar cut announced by Chase
Manhattan Bank in New York
on Tuesday. Several other
New ;York banks followed
suit.
'Wait and See' Attitude
Other major California
banks adopted a "wait and
see" attitude towards the cut.
However, it appeared likely
they will have to go along
with it if they want to remain
competitive.
Only 1 a rg e corporations
with impeccable credit ratings
qualify for the prime rate on
loans.
The cut in the prime rate
was a reaction to a Federal
Reserve Board announcement
that that the Federal Reserve
Bank in Philadelphia had cut
the discount rate from 3 per
cent to 2 per cent.
The discount rate is the in
terest rate which the Federal
Reserve bank charges on
money borrowed by commer
cial banks.
As of Wednesday, none of
the 11 other Federal Reserve
banks had lowered their dis
count rates.
The executive committee of
the San Francisco Federal
Reserve Bank met Wednes
day to discuss the discount
rate. Later, it sent a telegram
to the FRB in Washington,
presumbably asking approval
for whatever decision it made.
Might Not Be Too Good
Herman M. Mangels, presi
dent of the Federal Reserve
Bank of San Francisco, de
clined to tell what action the
committee took. He merely
commented that "under pres
ent conditions, it might not be
too good" to. hold the redis
count rate higher here than
in Philadelphia.
However, some observers
believed here that the local
Federal Reserve Bank might
want to hold the present 3
per cent rate on grounds eco
nomic conditions are better
in the west than elsewhere in
the country.
Oregon Leads States
In Filbert Production
Oregon ranked first among
the states in 1957 in the pro
duction of filberts and second
in the production of pears,
prunes, sweet cherries and
English walnuts. This is re
vealed in a rating of the states
made by the Oregon depart
ment of agriculture from the
nation's production figures re
cently issued by the U. S. De
partment of Agriculture.
Ex-Medford Man Opens
Office in Sunnyville
Leo E. Glascock, son of
Mrs. Nora Glascock, 264
Beatty st., Medford, has open
ed an office in Sunnyville,
Calif., where he is a certified
public accountant.
A eraduate of Medford High
school, he received his CPA
training at Golden Gate col
lege in San Francisco. He
was connected with the Cali
fornia Oregon Power company
and the First National bank
of Portland while in Medford.
Bedford Motors
Your Only
AUTHORIZED and
FRANCHISED DEALER
For Willys
OFFERS
k Largest Stock of Willyi Parts
South of Portland
ir Complete Stock of Winches,
Cabs and Accesories
k Most Modern and Best
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Medford Motors Inc.
UNCOLN-MERCURY-WILLYS
225 South Riverside
Phone SP 2-6157