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.
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