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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (May 30, 1962)
8 B WEDNESDAY, MAY 30, 1962 MEDFORD MAIL TRIBUNE. MEDFORD, OREGON Shows Increase Washington-WD-The aver age size of farm mortgages has gone up, the mortgage term lengthened, and the rate of interest increased, accord ing to an Agriculture Depart- mpnl Mturiv. Between 1949 and 19S9 the average size of farm mort gages increased more than 100 per cent from $4,500 to $10,000. The average term of farm mortgages lengthened from 8.S to 10.T years. The average interest rate Increased from 4 S3 to 5.41 per cent. Magnitude Varits The direction of change was the same for all regions and lenders but the magnitude of the change varied, the depart ment said. For example, life insurance companies increased their average maturity from 17.2 to 19.1 years, whereas bank mortgages increased only from 4.1 to 4.5 years. The size of loans made by indi viduals Increased 160 per cent during the decade compared with a 95 per cent increase for banks. Differences in Sis Farm mortgage loans In the Appalachian, Southeast, and Delta regions were for small er amounts, carried shorter terms, and had higher rates of interest than did loans In the rest of the country. Re gional variations were due partly to differences in the size and character of farms but more especially to the varying extent to which the different lender groups par ticipated In lending. Banks customarily made relatively small, short-term, high inter est rate loans, while mort gage loans of life insurance companies and federal land wnni, war comDaratively large and on the average had longer terms and lower raies Court Records JUSTICE COURT Aihland Dlitrici. Joe Francis Molino, evcrwldth, Maurlc Eugene McAfee, over load, $24. Guy Abner Hof.ua, no PUC per mit, 1U0. , J mM .Tames H. Creaier, overload, $22. Glenn H. Murray, overload, $2B. Raymond I. Hatfield, overload, 3- Roland J. Harper, one licanae plate, 9A. Wayne VanBIarcum, no horn, $10. William Z. Lally, overload, n. David W. Taylor, no dealer'! li cense, $25 , A Roger H. Sttlwagen, overload, $22. Hex C. Goble, overwldth, SIS. John F. Neeie, overlength, $15. Peter Bremer, overload, $22. Fred A. Height, no operator'! li cense, .V , , Vern D. Dahlman, expired motor vehicle license, 13. Raymond L. Konopaselc, failed to atop for school bus, $15. Millard J. Robinson, no operator's license, $9. , , Chester Fitch, Jr., no vehicle 11 ceiwe, $5. Joseph D. Stephens, Improper muffler, $10. Dee P. Hord, disobeyed stop sign, $15. William n Lay ton. disobeyed top sign, S1A. Willard A. Roicoe. overload, fl.1. James G, Ormandy, bus speed in. $o. Onis Brien Boyd, no muffler, m. Sandra R. Shelton, fail to obey Operating restrictions, $.Y Lewis C. Calhoun, overload, $22. Dayton J. Marcott, overload. 26. Joseph G. Dabaron. overload. 30. Kenneth W, Sledge, overwidth, $13. JUSTICE COURT Gold Hill IHstrirt Sergie S Fernandas, disobeyed atop sign. $Y James Austin Dollar, failure to yield right of way, sin. Katherine Pnlricla Conover. dis obeyed stop sign, $7. ."SO. Lou 1 1 Fredrick Lorsung, no rear view mirror, $. Mary Ann Brazil, no vehicle li cense. $5. Joe Everett noblnton, Inadequate brakes, $5. Sharon Marie Cooley, no oper ator's license. $.Y Howard Leroy Young, wrong Wiv on one way highway, $7 SO. Robert Floyd Denmn, four in driver's seat, $7 SO. Robert E. Baize, overhetfht. SI A Ira Vern Snippy, no operator s teens. $9. CIRCUIT COURT Clara E. Lopet vs. Denny L. Lo prr. divorce complaint. Eileen Lenore Hostetter vs. George Kirkham Hostetter, divorce compla.nl. Mary Jane Cook vs. Tom Tony Cook, divorce complaint. Ilia Mae Castel vs. William Da vid Caste), riivorre decree. Sandra Jean Johnson vs. John Dean Johnson, divorce decree Caralin Joy Ramos vs. John C. Ramos, divorce decree. Velma M. Klime vs. Gerald Eva KHme. divorce decree. Gary Cart vs. Patricia Cart, di vorce decree. Ro.e Barrow vs. Floyd Barrow, divorce complaint. Charlene Settle vs. Gerald Allen Settle, divorce decree. Nanette Fontaine vs. Kenneth Paul Fontsine. divorce decree Yvonne Joyce Munsell vs. Russell A Munsell. divorce decree Ralph R Stuart vs. Virginia N. Stuart, divorce decree. MXRRIACiF LICENSE APPLICATIONS David Alan Maxwell, mute S. box i:wm, Klamath rails, and Mar i) n Sue Mooney, 2675 Hlllcreit rd.. Medtorn. Odell Hayes Jr., route I box 718. Eagle Point and Margaret Flue ttenti. McMillan ranch. Kla math. Calif Bobbie Franklin Cratf. So First St , Phoenix, and Alma Kav De ATera. 4730 South Pacific highway, Med ford David Stephen Soma, 1001 South Third st . Jacksonville, and Bettv Lcii.nr Ciinimings El!ingj.on route 1. box MBM. Central Point. Fred A. Heideman. route J. box 320, Central Point, and Geraldtne Ignore Flbert. route 2, box 3i0. Central Point Joseph DeVere Morgan, route L box I7fl. Gold Hill, and June Graves, 603', First St.. Gold Hill, Limestone is the most wide ly use of AVI rocks ccause of its great variety and im portance of its industrial use, and also because of its wide spread occurrence. HOME PERMANENT TO Mm F 1 r M 1 1 I M 7 1 Ik f flD .III! i"".) Ad'uH" HatJ V I With 42 Spin Curlers ( PAY LESS JJLJ T ( CC-AJ I i !yOLAsUJ-J 1 IJLfl f J) w,rm " Ce" Gtn"' " Y . ( phone I" PRESCRIPTION DRUG STOREiCM ) 7 Wfe 773-7474 ' LCD "5 lf3l88 I V ISfcSSll NOW f SALE DATES EFFECTIVE MAY 30-31, JUNE 1-2-3, INCLUSIVE limit Rights Reserved f-' :'L tl I rT ujjtw , just I i , I fMs. w.' -.-Xvs Dl liKlfi J I nl" rOTkritT WOODEN errbwna dv,ii.e. iw . g VUUN I if-, ? MVv'V, 4QC X MM490 MUITI- SALAD Oil CAPS BUFFERIN KNITTING COnON O I ITS-Li BOiLnt TABLETS BAlls rSCSJ S VITAMIN J "7" pruning as' Tbdec waste" iwawSi &-'CTABS( WAFERS SUCARYL SHEARS BASKeI ) S DRT IRON ( ( 100 M6. ')! LIQU,D "smawi S " YOUR CHOICE ! 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