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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (May 19, 1963)
A SUNDAY, MAY It, 1983 MEDFOHD MAIL TRIBUNE, MEDFORD, OREGON Financial Health Of County People Reported Better The flrancia health of the average J.ckson county resi dent is better than it has been or some time. Evidence of this is seen in the amount of money he has accumulated in bank accounts in the past two years, in the increase in his savings In gen eral and in the control he has maintained over his outstand ing debt. This buildup of savings has created an unprecedented pool of spending power that has favorable portents for the Jackson county population as a whole and for local business in particular. It could spark a big buying surge. The Big Unknown How soon will this power be unleashed and to what ex tent? These are the big un knowns. They depend upon consumer moods. Details concerning the in crease in individual savings in the local area and elsewhere in the country during the two year period are contained in figures released by the Fed eral Reserve System and by other agencies. As might be expected, the reports show that the amount a family sets aside as savings is directly related to its in come. Among families with dis posable incomes of $2,900, the ability, to save is small. They put away about 2.0 per cent for the purpose. Reaches 4.8 Per Cant At $5,000 net income, the rate of savings reaches 4.8 per cent. It rises steadily from this point, reaching more than 20 per cent in the top brack ets, it is found. . In Jackson county, where the latest annual figures list net income per family at $5, 735, the average rate of sav ings is 5.9 per cent, based on these findings. It comes to an estimated $338 a year per family. For the community as a whole, savings are running at the rate of $8,251,000 a year. Tim Deposits Rlsa , Throughout Jackson coun ty, according to the Federal Reserve, time deposits in local banks, consisting chiefly of personal savings, rose from $22,846,000 in June, 1080, to same $28,960,000 in June, 1962. : . 1 Other types of savings, such as Government bonds and shares in savings and loan in stitutions, have also increased considerably, Nationally, it Is reported, a record $53 billion has been amassed by Americans in the two years, bringing their total savings to $313.8 billion. Three Appear in Circuit Court Here Three porsons appeared in Jackson county circuit court last week. Clarence A. Tingleaf, 48, of 2225 Fowler rd., White City, . pleaded guilty to a charge of non-support and had a pre sentencing report ordered. Ronald Raymond Barron, 22, of Rodeo, Calif., pleaded innocent to a charge of en tering a motor vehicle with Intent to steal and trial date was set for June 5. Melvyn McCann, 20, of 3279 Fish Hatchery rd.. Grants Pass, had contempt charges against him dismiss ed. The charge had been filed after McCann failed to appear on a subpoena in Jackson county May 3. It was learned that he had been In custody In Josephine county at the time of his scheduled appear ance here. Four Area Students Get Scholarships The list of scholar ship awards recently announced at the University of Oregon medical school for the aca demic year carried the names nf four southern Oregon stu dents. Willard R. Lilly, Mcdford, received an Avalon Founda tion cash scholarship; and Martha L. Casad. also of Med fnrd, was awarded a state scholarship by the University of Oregon school of nursing, where she is a student. Other winners of medical school scholarships were John S. Corson, Grants Pass, and Jean H. Eberhart, Ashland. LOST AND FOUND Los Angeles -UPI- Lucius S. Simpson, 80, lost control of his car Thursday and ended up inside the lost and found room at tho Metropolitan Transit Bulldlng-car and all. Damage was extensive, but in juries were minor. mmmmm S&W Floor Cover Shop Q32 H"u7if3T1flif cTPf-l7Ii fTI'P' Tn -i- v 1 ft TS-.V, mm 7 V ft. 1 --.l WK vi-S. 1 : -r . 1--4.-V.iy',,v'.,"'l.:i,' ' -J..4. , . ''.i. :(?v. .r. :'; 4t. CompltUly Intlallid CROUP 1 100 WOOL TWEED Twttds, Plains, vary modtrn sew tt. lures, pracHeol end lonq-wtorlnq, easy o cart far. Biq rangt of new dseorotor. . colon to stltct from. Groat value 3 Compltltly Inilallod GROUP 2 501 NYLON PILE Tweeds and Textured fabrics, t very good selection in full spectrum of brilliant colors. Every one a truly outstanding value. Completely Installed ' GROUP 3 ACRILAN In this group, a wide range of qual ities to choose from.- Loop piles in marvelous colors. See theml 2s 1 "A CARPET STORE AT YOUR DOOR" Phone for free "shop at home" service. Our expert will call at your convenience with samples, will assist you in every way, without obligation. Accurate meas urements and costs will be given. The latest colors, weaves and textures will be shown, all at the same low prices as in our showroom. Cil FLOOR COVER SHOP 709 South Riverside. LOG ENDS Quick Dtlivcry MEDFORD FUEL CO. S A H Qftn Stimpi PMONI77MU1 Phone 772-7376
