The towns of Hynes and Clearwater, later incorporated as Paramount, were the center of the hay and dairy industry in Los Angeles and Orange Counties from the 1920s through the 1960s. Known as the "Milk Shed of Los Angeles," Paramount developed into the largest hay market in the world, and each day the price of hay sold there was quoted by brokers in Chicago and New York City as the international standard. Major hay sellers gathered each morning under a 120-year-old camphor tree to determine the day’s price, and the tree also became a cherished place where truckers, workers, and farmers met for lunch or games of cards. The camphor tree is the last remnant of the "World’s Largest Hay Market."