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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Feb. 28, 1960)
SHOP MONDAY FROM 9:30 A.M. TO 9 P.M.! 1959 Farm Income Dips 16 Per Cent, Report Discloses Washington (DPB Farm in come plunged 16 per cent to $11 billion in 1959 while oth er segments o the economy went up, the Agriculture De partment reported Friday. The drop was 1 per cent greater than department economists forecast in pre dictions published last No- MAIL TRIBUNE, M4fnJ, Or. 9 Sunday, Fab. 28, 1960 A PPtertmy9 fflM ' ' ii' -i I - I " I .Mi mi iil,lpiiM..llll III! I III I l.lll III I ..II.. .1.1 III II Nil II. I I ' "frmm ILIJUIU-II11IHIUIIIIIU1..UUM I J " ' The 1959 net farm income what was left of cash receipts from marketings after the farmer paid production ex penses, taxes, interest, and the like compared with 1958 income of $13,100,000,000. Net farm income in 1959 was about the same as that in 1957. The big decrease was ex pected to furnish plenty of campaign fodder for the Democratic party in this presidential election year. Gross farm income in 1959 was estimated at $37 billion, down nearly ZV2 per cent from 1958. Production ex penses kept pace, rising 3Ji per cent to a new high of $26 billion Drop in Prices . The decline in gross income reflected a 4 per cent drop in average prices received for farm products. This was only partly offset by a 2 per cent increase in volume of sales, plus a reduction in govern ment payments due to discon tinuance of the acreage re serve section of the soil bank program. Total cash receipts from marketings were down 2 per cent to $32,800,000,000. Government payments drop ped more than one-third, or about $400 million. Despite a decline in the number of persons living on farms, the per capita income of the farm population from all sources was down 8 per cent from 1958 to $960. Russian Premier Warns Japan Jakarta, Indonesia (DPS -Soviet Premier Nikita Khru shchev Friday warned Japan that by signing a new secur ity treaty with the United States she was playing "a dangerous game." The Soviet leader's tough talk to Japan came in an ad dress before the Indonesian Parliament, billed before hand as the most important of his 12-day tour of this re public composed of a thous and islands. "Japan's action cannot be disregarded," Khrushchev said, because she is "endanger ing peace" in the Far East by signing the pact. "Japan is not faced with any danger," he said. "Why does Japan want to maintain foreign bases on her soil? This is a dangerous game - most dangerous to Japan." Khrushchev returned here today from Bali to address Parliament, which gave him a standing ovation. Hatfield Lashes at Defense Attacks Denver - (UPD - Oregon Gov. Mark Hatfield said Thursday recent attacks by Democratic presidential hopefuls on Presi dent Eisenhower's defense program will backfire against the Democrats. Hatfield addressed a Colo rado Republican luncheon at the Denver Petroleum club. Hatfield, one of the few Republicans elected governor in 1958, says he is convinced the American public is react ing unfavorably to the Demo cratic attacks. He charged that such Demo cratic aspirants as John Ken nedy, Stuart Symington and Hubert Humphrey are trying to downgrade this nation and the President's peace offen sive in the eyes of the world. Cape Canaveral, Fla.-flJPB-A Navy Polaris test vehicle was destroyed in flight 90 sec onds after firing at the cape Friday. PRE-HUNG DOORS Complete $ g5Q Includes Mahogany Door Casing Jambs Stanley Hinges Yale Latch Sets LEWIS Wholesale Builders Supply 443 S. Riverside SP 2-7133 Gtraob ffhis big chance! Special values go on safle tfomoBTOwS "500" FASHION FUN IN TWO-PIECE PLAYSETS Easy to wear! 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