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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (July 11, 1963)
Your Money's Worth By SYIVIA PORTER Caayrieht, Hall SyndkaM, Ik. WHAT YOUR SAVINGS CAN EARN YOU The""upheaval in the savings field in our country -has reached a point without parallel in our generation. The relationships between what you can earn in various savings mediums have turned upside down. The pattern of interest dividend rates is a crazyquilt, astounding and disturbing the authorities. TChe competitive war for your savings is fiercer than ever.- Money is flowing from one type ot financial institu tion to another at a roaring pace in response to rate changes. - It's a pattern no expert dared forecast even a few months ago. You can earn a dividend ot as much as 5 per cent a year by putting your money in the West Coast savings and loan associations which recently hiked their rates to this new nigh. You have no chance to profit but you take a minimum risk, need just open an account to get 5 per cent. ; You can earn an average of only 3',3 per cent on a cross section of industrial corporation stocks. You have a chance to profit but you definitely take a risk while your savings earn this much lower average annual return. - . You can earn 3U per cent a year tax-free on a highest calibre state or municipal bond - and this tax-free angle means, that 3U per cent is the equivalent of 6',j per cent to .the 'investor in the 50 per cent bracket and is worth more than that. to. a very wealthy individual. You can earn only 3V par cant on a U. S. savings bond ' and,, than only If you held the bond to maturity in seven years, nina months. You can earn just a bit over 2'i per cant if you held the bond a ytar and a half. You alto must ' pax a tax on this intartii. -'. There are contradictions all over the savings map. While many savings & loan associations are reducing their dividend ' rates because they can't earn enough on their investments to cover, the rates- without taking undue risks, the California associations have gone all out to attract funds via the highest dividend rates in the country.' While many commercial banks across the nation still pay only picayune interest on savings deposits, big-city banks have raised rates as high as 4 per cent on deposits, left over a year. While financial institution advertising is traditionally stuffy, many of the ads being placed and gimmicks being used by supposedly stuffy in stitutions to pull in funds are pure Madison Avenue. ' . Hera's what your savings can earn now if you put them in: U. S. Treasury bills due in 90 days: 3 per etni. .These bills are -about as safe and short-term an investment as you can make.,' - - U. S. Treasury bonds due in 20 lo 30 years! 4 par cent-plus. These bonds fluctuate in price, but if you hold them to ma turity, you can get that 4 per cent or more a year and on due date you will be paid back 100 cents on the dollar. -U. S. Savings Bonds: 34 par cant if held to maturity. Savings banks: IV to 4'i per cant. : A savings account in a commercial bank: 3Vi to 4 par eaht. It was the Fadaral Raserve Board's ruling as of Jan. . 1. 1JS2, permitting commercial banks to pay up to 3'4 par cant annually on regular savings accounts and up to 4 par cant on savings deposits left over a year which triggered in convulsion in the savings field. Top-rated mortgages: i'A to i'A par cent. Highest-grade corporate bonds: 4' to 43t par cant. Ten-ratail ihunieloal handt! nmr ent liy.frM. Savings and loan associations: 4' to 5 par cant. Cross-saction of common stocks: 3'i par cant. This is the average yield of stocks in the Dow Jones industrial average. Many popular. stocks return less, many return more. (.. You, the saver, are in a real buyer's market. As you accumulate savings, decide what your aim is in investing and Study this guide on rates to see which medium would be best for you., Fire Protection Dilemma in State Discussed at Lunch "I do think too much of a burden is placed on the land owners." That was the declaration yesterday of Deputy State Forester Ed Schroeder who spoke to Medford Kiwanis club members on the "fire protection dilemma in' Ore gon." Schroeder pointed to forest fire protection as a basic thing which is demanded and costs money but he said peo ple are not able, or willing to pay for the protection de sired. . The deputy forester ex plained that one-half of the 30 million acres of forest land in Oregon is protected un der state statute by the state department of forestry. This includes state, county, pri- SECTiON C PAGES 1 to 10 Medford Tribune MEDFORD. OREGON, THURSDAY, JULY 11, 1963 A -'i?A.i u rrxv. vv mm m vate and contracted lands.' Under the Oregon system landowners pay for 64 per cent or more of fire protec tion that is provided. About 16 per cent of the cost is from federal funds and 20 per cent from the State of Oregon, principally through payment of salaries. This system is in contrast to that for the fed eral forest service which has its fire protection cost dis tributed over all the people. Schroeder remarked that it is dangerous to compare ac tion on forest fires by the amount, color and nature of equipment used and he de scribed the financial ' struc ture of fire protection as a critical point. He brought out that the means available for fighting fires is governed by 3 fry. r1 COOL. CANINE - Rex, a five-year-old German Shepherd, knows how to spend a hot day in Austin, Texas. He has his own swimming pool and uses it frequently, especially when the temperature soars over the 100 degree mark, as It did when this picture was made. (UPD funds available and that ac tion on a fire is not to. be measured by. the amount of effort. The forestry man said that Oregon is only state with the acreage assessment system to such an extent for paying the cost of fire protection. He stated that the system puts a burden on marginal areas and discourages the practice-of forestry and ownership of private land. ' . Schroeder reported 69 per cent of forest fires are man caused with 36 per cent of these caused by those who contribute nothing to fire pro tection. Through a democratic pro cess, landowners determine how much protection they want, Schroeder reported. He said that fire protection pro gram for the 1,730,000 acres of the southwestern Oregon district is based on an assess ment of 16 cents per acre. Schroeder told Kiwanians that emergency funds for fighting fires is limited and that the timber industry is the biggest contributor, to suppression of big fires. The deputy forester men tioned the need of more fi nesse in analysis of this area to apply protection measures. He advised criticism of the system and not of the man of the local organisation. Fire fighting ' philosophies of the state.' and federal forest agencies are the same but the means available are different, Schroeder said. . Discussing what is done about the fire protection I auemma, senroeder spoke of the concentrated fire preven tion program but said that there are still a big percent age of man-caused fires. Research in Program He stated that fire protec tion program research in cludes probe of why man caused fires occur. A possible solution is "do ing for yourself - forming your own protection associa tion," Schroeder said, re marking that people are too willing to let someone else do the job. Schroeder reported that Curtis Nesheim, south west district warden, already made "some radical departures we are looking at." He said, for one example, that there is no cook for the fire crews at the district headquarters this sea- staggered service during the day. Indicating that - others should share the burden of fire protection with the land" owners, Schroeder mentioned the multiple use benefits ob tained by people, even though being son and men are working on land is privately owned. Schedules Hearing Salem (LTD The Oregon Scenic Area Commission will hold a public hearing here Tuesday on establishment of scenic areas along the North. Santiam highway from Salem to Sisters. A. N. Weir, commission chairman, said the hearing would be held at 10 a.m. in room 203 of the Labor and Industries Building. Petitions for the area wera made by the Mill City Garden and Women's clubs. T - - " V7 i. V scrr. No car ver carried better recommendations, lathe final analysis the success of a car musti stand on wholehearted acceptance by the people 'with complete freedom of choice. The 1963' Cadillac is the best, liked Cadillac of' all time. Don't you think it merits your consideration?, "'' VISIT YOUR LOCAL AUTHORIZED "fttC DEALER SKINNER BUICK-GADILLAC 143 SOUTH RIVERSIDE The Skimmer LlTrfc;lTn-Tt dnce over lightly - the fit ting story of fashion's loveli est skimmer! Couldn't be quicker to sew, and it looks marvelous! Send now. ' Printed Pattern 9493: Misses' Sizes 10, 12. 14, 16, 18. 20. Size 16 requires Vi yards 43-inch fabric. FIFTY CENTS In coins for this pattern - add 13 cents for each pattern for first-class mailing and special handling. Send to Marian Martin, Med ford Mail Tribune, Pattern Dept., 232 West 18th St.. New York 11, N.Y. Print plainly NAME, ADDRESS with ZIP CODE. SIZE and STYLE j NUMBER. FREE OFFER! Coupon in Summer Pattern Catalog for one pattern free - anyone you choose from 300 design ideas. Send 50 cents now for Cata-t log. CZXCH YOUTHS JAILED . 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