anaheim-gazette 1934-11-29

May Reissue Production Credit Groups’ Stock if Fair Value Demands a Change; First Annual Meetings To Be In January California’s Chattel Mortgage Laws Out-of-Line With Purposes of Associations in Cutting Costs of Handling, As Fees for Registration Required; Remedial Legislation is Suggested First annual stockholders meetings of production credit associations under the farm credit administration will occur in January and should prove the most important episode in the life of such organizations, according to Production Credit Commissioner S. M. Garwood, of Washington. The commissioner attended upon the California Farm Bureau Federation conference at Bakersfield. 4-H Club Members Realize a Profit For Year’s Work Greater Percentage Making Money This Year; Girls Still Lead Boys By ERIC E. EASTMAN, Assistant Farm Advisor The annual summarization of the 4-H Club projects in Orange county reveals that despite the lowered demand and prices of agricultural products, a substantial profit was realized by the members. Also a large number of members completed their projects—251 this year as compared with 224 last year. The percentage completions is also higher 92 percent this year as compared with 84 percent in 1933. The girls still lead the boys in completing their projects, as 94 percent of the girls enrolled finished their work, as compared with 90 percent for the boys, which is the highest record yet achieved in Orange County. “We are hoping every effort will be made by directors of the 30 production credit associations in the administration's eleventh district to secure a full attendance of members,” said Commissioner Garwood, “because it will be our purpose at these meetings to present to the stockholders a clear and complete statement of the operations of their association. We believe Class B stockholders, who are the voting members, are entitled to know how the funds have been spent and what the value of their stock is.” The books of each association will be examined before the annual meeting, Garwood said, and the fair book value of the Class B stock will be determined. He added this significant outline of policy: “If there is an impairment in such stock, it is our intention to call in all of it and reissue the stock on the basis of $5.00 par value. We do not think it good business, or sound cooperative principle, to permit impairments to be carried over from year to year and to require borrowers to pay $5.00 for stock when the fair book value may be less than that amount. "So the borrowers, both present and future, from production credit associations can be assured that at the end of each fiscal year they will know the The total value of products recorded in the 4-H records for the year 1934 is $8875.78. The total cost of production was $6289.61, which leaves a profit of $2586.17. The size of a farm that would be required to duplicate the production of the 4-H Clubs may be imagined from the requirements for the following: 13 colonies of bees, one-half acre of berries, three acres of citrus trees, six head of dairy animals, eleven ducks, 925 laying hens, nearly four acres of corn and potatoes, three acres of flowers, three acres of forest, two landscaped farmsteads, one third acre of tree nursery stock, mostly citrus and avocado, nineteen pigs, 201 pigeons, 305 young poultry for brooding, 526 rabbits, nine sheep and nearly eight acres of mixed vegetables. Over 400 garments and more than that number of miscellaneous articles of clothing would also be available for the farmerettes" of this imaginary farm. Only two project lines proved unprofitable this year, namely ducks and dairy stock. This is the second consecutive year in the red for the duck raisers, 4-H profits, of course, should be considered as comparable to a sideline with some other enterprise carrying the overhead; although in certain instances the boys do pay rent, water, and other charges particularly in the larger truck crop projects. WEAK AND SKINNY MEN, WOMEN AND CHILDREN Saved by new Vitamins of Cod Liver Oil in tasteless tablets. Pounds of firm healthy flesh instead of bare scraggly bones! New vigor; new energy instead of tired listlessness! Steady, quiet nerves! That is what thousands of people are getting through scientists' latest discovery—the Vitamins of Cod Liver Oil concentrated in little sugar coated tablets without any of its horrid, fishy taste or smell. McCoy's Cod Liver Oil Tablets, they're called "Cod Liver Oil in Tablets", and they simply work wonders. A little boy of 3, seri- stock, it is our intention to call in all of it and reissue the stock on the basis of $5.00 par value. We do not think it good business, or sound cooperative principle, to permit impairments to be carried over from year to year and to require borrowers to pay $5.00 for stock when the fair book value may be less than that amount. "So the borrowers, both present and future, from production credit associations can be assured that at the end of each fiscal year they will know the value of their stock and how successfully their directors have managed the association's lending business." "The Washington executive said the farm credit administration had done all in its power to reduce to a minimum the cost of closing loans from its several credit agencies; but, he added, in several states — notably California — present chattel mortgage laws require fees for registration and other legal necessities out of line with general custom. The FCA, he said, could not go further in reducing closing costs to borrowers without remedial legislation in such states. "The success of the production credit scheme as worked out under the farm credit administration now lies with the farmers themselves," Commissioner Garwood concluded. "The plan is being operated in this country for the first time anywhere; the success of its operations up to the present justifies a belief that it is permanent, but without cooperation from agriculture it cannot continue long." "Thanksgiving" Is Topic for Sermon "Thanksgiving" was the subject of the Lesson-Sermon in all services held on Thanksgiving day in Churches of Christ, Scientist, branches of The Mother Church, The First Church of Christ, Scientist, in Boston, Mass. These words from II Corinthians 9:15 were the Golden Text: "Thanks be unto God for his unspeakable gift." A Scriptural citation from II Corinthians presented Paul's words: "And God is able to make all grace abound toward you; that ye always having all sufficiency in all things, may abound to every good work: . . . Being enriched in every thing to all bountifulness, which causeeth through us thanksgiving to God." One of the correlative passages from the Christian Science textbook, "Science and Health with Key to the Scriptures," MEN, WOMEN AND CHILDREN Saved by new Vitamins of Cod Liver Oil in tasteless tablets. Pounds of firm healthy flesh instead of bare scrummy bones! New vigor, vim and energy instead of tired lifestyles! Steady quiet nerves! That is what thousands of people are getting through scientists latest discovery—the Vitamins of Cod Liver Oil concentrated in little sugar coated tablets without any of its horrid, fishy taste or smell. McCoy's Cod Liver Oil Tablets, they're called "God Liver Oil in Tailmets", and they simply work wonders. A little boy of 3, seriously sick, got well and gained 10% lbs. In just one month, a girl of thirteen after the same disease, gained 5 lbs. the first week and 2 lbs each week after. A young mother who could not eat or sleep after baby came out all her health back and gained 10 lbs. in less than a month. You simply must try McCoy's at once. Remember if you don't gain at least 3 lbs. of firm healthy flesh in a month get your money back. Demand and get McCoy's—the original and genuine Cod Liver Oil Tablets—approved by Good Housekeeping Institute. Refuse all substitutes—insist on the original McCoy's—there are none better. INSTANT blade change The Schick INJECTOR Razor gives you a new convenience in shaving. The Injector, which contains 20 blades is always ready to insert a new blade when needed. A new blade is inserted Instantly, at the same time ejecting the old blade without your hand touching either of them. $1.50 COMPLETE including INJECTOR with 20 blades sealed in it. Try this new razor. You will experience not only an added new convenience, but also a new shaving sensation. Schick Injector RAZOR MAGAZINE REPEATING RAZOR CO. 230 Park Avenue, New York, N.Y. Safe Representatives: Harold F. Ritchie & Co., Inc., 40 E. 34th St. N.Y. A Scriptural citation from II Corinthians presented Paul's words: "And God is able to make all grace abound toward you; that ye always having all sufficiency in all things, may abound to every good work: . . . Being enriched in every thing to all bountifulness, which causeth through us thanksgiving to God." One of the correlative passages from the Christian Science textbook, "Science and Health with Key to the Scriptures," by Mary Baker Eddy, stated, "We shall obey and adore in proportion as we appehend the divine nature and love Him understandingly, warring no more over the corporeality, but rejoicing in the affluence of our God." In these Thanksgiving services, Christian Scientists in the congregations gave testimonies appropriate for the occasion. Highway Patrol Is Starting Campaign To Cut Casualties With December at hand, the worst month of the year for pedestrians in city areas, E. Raymond Cato, chief of the California highway patrol, is again urging all traffic officers throughout the state to be especially vigilant in controlling motor vehicle travel during the next month. A year ago, a similar effort was made, with the result that for the first time in a number of years accidents to pedestrians were considerably reduced, while deaths declined from 155 in 1932 to 141 in 1933. Records compiled by the statistical department of the California highway patrol commencing in 1928, show December to always lead the other months in motor vehicle accidents, especially accidents involving pedestrians in urban centers. The only people who are in a sassy ones who have some sound ent upon the Those and those of whom there I have one consists of real city. His great fortune which which has nowment as truste ANAHEIM GAZETTE Urges President To Ask Jobless To Stay at Home Secretary of State Jordan Says Unemployed Would Be Helped by Plan Secretary of State Frank C. Jordan announces that he is forwarding a request to President Roosevelt in which the chief executive would be asked to urge the people with limited funds throughout the nation not to migrate away from localities in which they are known, in search of employment this winter. "It will assist in solving the nation's unemployment problem if friends and relatives will encourage those out of work to heed such a warning during present unsettled conditions as individual communities will be more apt to remedy their own unemployment situation if they do not have to contend with an added influx from other localities," said Secretary Jordan. "National advertising campaigns as conducted by the All-Year Club of Southern California and Californians, Incorporated, of Northern California, during the last five years have stressed such a warning in every advertisement and at the same time have featured the attractions which appeal to well-financed tourists." "We are on the threshold of what looks like a great winter tourist season for California. The majority of current arrivals are legitimate pleasure visitors." SERA Employs 1984 Persons Here During Week Ending Nov. 8 Orange county SERA projects em 2nd Hand Mattress Law Violator Pays $200 for Neglect The laws of California provide that any mattress of which prior use has been made shall be sterilized before it shall be offered for sale. J. S. Casey, chief of the division of weights and measures, state department of agriculture, emphasized in calling attention to the stiff fine recently imposed upon the Coast Furniture Company, Inc., Samuel Berkowitz, president, of Los Angeles, upon a plea of guilty to selling second hand mattresses unsterilized. Three violations were included in the charge to which the company official pleaded guilty, Mr. Casey said, with the result that Judge Leo Aggeler of the Los Angeles municipal court fined the company $200. Invite Growers to Attend Conference At Tustin, Friday Floyd Young, U. S. Weather Bureau specialist in charge of the Fruit Frost Service, who is well known in Orange county for his daily forecasting of cold spells that might seriously affect fruit crops, will be the principal speaker at a special conference next Friday. This will be the only meeting in Orange county at this season, says Farm Advisor Harold E. Wahlberg, at which the latest developments in orchard heating and frost forecasting will be considered. The meeting will be held Friday morning, November 30, 9:30 A.M., at the Tustin high school. Mr. Young is one of the best informed officials on all phases of orchard protection. The meeting has been arranged by the farm advisor to provide an opportunity to all growers in Orange Optimistic Forecasts In Citrus Industry General Manage Increase of 35 Per Cent in Revenues; Great Problems For Production Increases A graphic survey of the past year and a more optimistic forecast for report of C. P. Earley, general manager five year of cooperative marketing efforts. "Generally speaking," he said, has been a decided up-swing in purchasing power of California citrus fruits. Based on the returns made year to our members, we estimate the total income to the industry for 1933-1934 season should exceed $000,000.00, an increase of more than 35% over last year. Under our operative methods, this increase is actually added income for our members. In addition to these better returns operating costs of the Mutual Orange Irrigation tributors have been sharply reduced. "This increase in returns and savings in costs already has been reflected better business conditions in the various citrus districts since it has substantially to the buying power of California citrus growers." The better average returns were attributed by Earley to five major factors which are: improved consumer buy-power, a reduction in volume of co-petting non-citrus fruit crops, increased favorable weather and health conditions, general operations of federation marketing agreements, and a considerable volume of fruit having gone into export. In speaking of the future, Earley stated: "Looking ahead, one sees great problems. During the four years ended in 1934, orange and grapefruit production... SERA Employs 1984 Persons Here During Week Ending Nov. 8 Orange county SERA projects employed 1984 persons who received $22,198.55 for their services during the week ending November 8, according to figures announced this week. Throughout the state the SERA payroll reached its highest peak, with 97,938 persons earning $1,162,693.45. This represents an increase over the previous fiscal week of $89,974.48 in wages and of 5,336 persons actually working. All but three counties shared in the increase. Mr. Young is one of the best informed officials on all phases of orchard protection. The meeting has been arranged by the farm advisor to provide an opportunity to all growers in Orange county to bring their questions on any detail of the orchard heating problem that may confront them at this season. The discussion will include such questions as type of orchard heaters, desirable adjustments, reducing the smoke output, fuel specifications, number of heaters per acre, cost of operation, windjammer machines, effect of cover crops on temperature, and many other subjects. All growers are invited to attend. TODAY AND TOMORROW By FRANK PARKER STOCKBRIDGE CREDIT . . . its obligations The whole trouble, as a banker friend of mine explains it to me, is that the people who are asking for credit are not entitled to it and those who are entitled to it are not using it. To be entitled to credit at a bank, a man must either be owner of property which can be thrown on the market and converted into cash quickly, to meet his loan when it comes due, or else be able to show that there is a better than even chance that by using the borrowed money in business he can make enough to pay off the loan and leave himself a profit. Too many people have the idea that everybody ought to be able to walk into a bank and borrow money, regardless of his prospects of repaying it. The honest banker, responsible to his depositors for the careful investment of their money, can't lend it out that way. Very few people in any community know how to use money profitably; if most of us did more of us would be rich. I think one of the principal causes of the present distress is that too much credit was extended in boom time to people who were not entitled to it and who did not know how to use it. CASH . . . it's scarce The other day I talked with five or six of my country neighbors in the course of one Saturday morning. Every one of them said that cash was harder will be the only meeting in Orange county at this season, says Farm Advisor Harold E. Wahberg, at which the latest developments in orchard heating and frost forecasting will be considered. The meeting will be held Friday morning, November 30, 9:30 A.M., at the Tustin high school. Mr. Young is one of the best informed officials on all phases of orchard protection. The meeting has been arranged by the farm advisor to provide an opportunity to all growers in Orange county to bring their questions on any detail of the orchard heating problem that may confront them at this season. The discussion will include such questions as type of orchard heaters, desirable adjustments, reducing the smoke output, fuel specifications, number of heaters per acre, cost of operation, windjammer machines, effect of cover crops on temperature, and many other subjects. All growers are invited to attend. Real estate comes the nearest to offering security of anything I know of. But not when it is mortgaged. INVESTMENTS . . . diamonds I talked the other day with the diamond expert of America's most famous jewelry house. He told me that the prices of good quality, well-cut diamonds are nearly double what they were three or four years ago. In another store, I asked the head of the diamond jewelry department how business was. He replied that they were selling more diamonds, and at better prices, than for years. People with some capital reserves, he explained, are putting their money into diamonds as the safest way of conserving their capital, possibly increasing it and converting it back into cash. In speaking of the future, Earley stated: "Looking ahead, one sees great problems. During the four years ended in 1934, orange and grapefruit production averaged 68,000,000 boxes coated with 44,000,000 boxes in the first year 1924-1927, or an increase of 50%. The estimated production in 1934-1935 was nearly 77,000,000 boxes of orange and grapefruit means roughly about pounds per capita for the entire population of the United States. Under my favorable conditions within the next few years, not including new plantings this output can increase to 100,000,000 boxes." There is an upward trend in food products in this country which will make it more difficult to continue the expansion of consumption of citrus fruits, particularly in families with small incomes. Foreign markets, where know how to use money profitably; if most of us did more of us would be rich. I think one of the principal causes of the present distress is that too much credit was extended in boom time to people who were not entitled to it and who did not know how to use it. CASH . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . It’s scarce The other day I talked with five or six of my country neighbors in the course of one Saturday morning. Every one of them said that cash was harder to get hold of than it had ever been in their memory. I went to New York and met a couple of business men whom I know well. Both reported that business was good — one said better than for years in volume and price but that collections were slower than ever. Even the largest corporations were taking from two weeks to two months longer to pay their bills than they had ever done before. As I write this I have just come from lunching with another business man. He gave it as his opinion that people are feeling the repression worse this year than at any previous time. More folk are going "on relief" because they have come to the end of reserves. Thy cannot buy anything because they have no money left with which to buy. I have a distinct feeling that nobody in or out of Government, has yet put the finger upon the weak spot in our economic system which makes it possible for such conditions to continue. SECURITY . . . “clear” real estate The only people, men or institutions, who are in a secure position today are the ones who owe nothing and who have some source of income not dependent upon the daily turnover of trade. Those and the self-sustaining farmers of whom there are many. I have one friend whose property consists of real estate in a large eastern city. His grandfather founded the fortune which his father conserved and which has now come under his management as trustee for all the heirs. The prices of good quality, well-cut diamonds are nearly double what they were three or four years ago. In another store, I asked the head of the diamond jewelry department how business was. He replied that they were selling more diamonds, and at better prices, than for years. People with some capital reserves, he explained, are putting their money into diamonds as the safest way of conserving their capital, possibly increasing it and converting it back into cash over night. Europeans, taking advantage of the depreciated dollar, are sending to America to buy diamonds. These diamond purchases represent largely, capital that ordinary would go into industrial or commercial investments now, but they can get it out quickly if the upturn comes, and the diamond market has always been an instantaneous market, in which minimum prices are rigidly maintained by South African Diamond Trust. PRICES . . . In the city City folks are paying more for what they eat and wear than for several years. Prices are going up. But how far that benefits the farmer I am somewhat doubtful. The general effect, as far as I can observe it, is that most city people are cutting down on their food, either eating less or buying cheaper grades and kinds of food than they have been accustomed to. So far as clothing is concerned, there is a great turnover in the very cheapest lines of men's and women's clothing, but many merchants who handled only highgrade garments are closing their stores. More men that I meet are wearing old clothes than ever before. More women are doing their own dressmaking and making over last year's clothes to this year's styles. It is a fact that city people's incomes, from salaries, wages or investments, are not going up but, in many cases, are still going down. Anaheim, Calif., Nov. 29, 1934 Historic Forecast For Near Future Citrus Industry Made by M.O.D.’s General Manager C. P. Earley Report Of 35 Per Cent in Returns for Past Year Based Upon Five Years; Great Problems Foreseen as Orange and Grapefruit Production Increases 50 Per Cent in Short Period Public survey of the past several season’s business in the citrus industry, the optimistic forecast for the immediate future are contained in the C.P. Earley, general manager, at the completion of the 28th consecutive marketing operations of the Mutual Orange Distributors. Finally speaking,” he said, “since the citrus season of 1932-1933, there is decided up-swing in the power of California citrus based on the returns made this year members, we estimate that income to the industry for the season should exceed $90,-an increase of more than last year. Under our methods, this increase is acted income for our members. To these better returns operation of the Mutual Orange Disadvance been sharply reduced. Increase in returns and savings already has been reflected in various conditions in the vari-districts since it has added to the buying power of citrus growers." For average returns were at-Earley to five major factors improved consumer buying reduction in volume of com-citrus fruit crops, more weather and health condi-tional operations of federal agreements, and a consider-able fruit having gone into ring of the future. Earley looking ahead, one sees great During the four years end-orange and grapefruit production normally have taken 7% to 8% of the orange and grapefruit crop of this country, under current exchange rates. 23 Nations Exhibit At Big Exposition The flags of 23 foreign powers will be unfurled over the California Pacific International Exposition in San Diego next year, Frank Drugan, director of foreign relations, announces. Accelimating the California Exposition's foreign participation plan as a step forward toward world unity, the countries pledged their cooperation and participation in the $10,000,000 spectacle which will be opened May 29. The nations which will exhibit at the Exposition are Argentina, Colombia, Bolivia, Brazil, China, Costa Rica, Czechoslovakia, Ecuador, El Salvador, Germany, Gutatemala, Haiti, Honduras, Japan, Luxembourg, Mexico, Netherlands, Panama, Persia, Peru, Siam, Spain and Uruguay. GAFFERS & SATTLER Gas Heaters, Circulating Type, Porcelain finish, $9.95. Other values from $3.75. VINCENT FURNITURE CO. Center at Palm St., Anaheim a new idea! Instant Blade Change The Schick INJECTOR Bator gives you a new convenience in shopping. The Injector (shown above) contains 20 blades is always ready to insert a new blade when needed. Earley to five major factors improved consumer buying reduction in volume of com-citrus fruit crops, more weather and health condi-ral operations of federal agreements, and a considera-ble of fruit having gone into ring of the future. Earley looked ahead, one sees great During the four years end-orange and grapefruit pro-ruged 68,000,000 boxes com-44,000,000 boxes in the four 1927, or an increase of 50%. Production in 1934-1935 177,000,000 boxes of oranges fruit means roughly about 46 capita for the entire popula- United States. Under most conditions within the next not including new plantings, can increase to 100,000,000 an upward trend in staple acts in this country which it more difficult to continue on consumption of citrus particularly in families with ties. Foreign markets, which Breaking a decline begun last June, the California gasoline tax for October has reached a total of $3,422,047.20, an increase of $240,038.38 over the corre-sponding figure for the same month of 1933. This is a gain of 7.5 per cent in contrast with losses ranging from 9.7 per cent to 4.4 per cent for each of the four preceding months. normally have taken 7% to 8% of the orange and grapefruit crop of this country, under current exchange rates and tariffs, present greater difficulties. In working out reciprocal trade agreements, particularly with Canada and the United Kingdom, it is imperative that California citrus be protected. "Increased competition in world markets must be expected, not only because certain competing crops are subsidized abroad, but due to actual increase in foreign grown oranges and grapefruit. The 1934-1935 outlook is for a large supply of citrus fruits." Instant Blade Change The Schick INJECTOR Razor gives you a new convenience in shaving. The Injector (known above) which contains 20 blades is always ready to insert a new blade when needed. 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OW TO PROTECT YOURSELF Get the HART SCHAFFNER & MARX LABEL ...it guarantees all-wool All-wool is important in your clothes because after it's properly sponged it doesn't shrink All-wool tailors better than other fabrics All-wool holds fast dye All-wool is live, resilient: has a natural give All-wool is important in your clothes because after it's properly sponged it doesn't shrink All-wool tailors better than other fabrics All-wool holds fast dye All-wool is live, resilient; has a natural give and take that means comfort All-wool takes cleaning and pressing All-wool wears longer All-wool holds a press All-wool is a perfect insulation against heat or cold Get all-wool clothes; the Trumpeter label is your guarantee $30.00 to $40.00 Our other high quality standard makes as low as $20.00 F. A. YUNGBLUTH 145 West Center Street