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Newspaper
Ada Weekly News
Location
Ada, Oklahoma, United States of America
Date
Apr 16, 1936
Page
4
The Ponca City News notes Oklahoma banks report no failures and a likely all time high record due to cash liquidity, cautious lending, and fewer banks limiting injurious competition. It cites prudent regulation and a six year low mood as factors shaping the banking health and warns of possible small failures as activity rises.
Readable sections cover Jesus parables about the lost sheep coin and prodigal son with emphasis on God’s forgiving love. The rest shifts to astronomy progress the Oklahoma initiative and referendum debate, then jokes on laziness and Alaska farming trials and local Dem politics in the Fourth district.
Oil activity in Pontotoc County oil fields centers on the Jesse pool and Chiles Dome area with drilling in the MeLish and Viola formations. Wells such as Continental No. 1 James are acidized or awaiting deeper pay, while the Fleetborn No. 2 John Norris and Julia Smith No. 2 resume production or testing. Seismograph work and royalty activity continue in several spots as operators chase Wilcox sand yields.
Two far east wells, Blackstock-Deaner No. 1 Moody and Samedan No. 2 Holkum, were undergoing gas volume and pressure tests Friday with production extending three locations eastward at Moody. Officials continue tests as Continental Oil asks re classification of Jesse pool from Class D to Class C, seeking field allowable by potential rather than a fixed 100 barrels daily.
Continental drilled three deep sand wells in the Jesse pool NE of 12-1-7 with No. 1 James showing oil after Friday sand entry. The No. 1 McCarthy discovery last November and No. 1 Simpson in March frame a growing field as Texas No. 1 Simpson remains shut at 5997 feet. A state hearing on reclassifying the Jesse pool to a percentage of potential basis could set May production allowances.
Fleetborn No 5 Woolley in NE NE SE of 28-2-7 completed with 3845 barrels per day. Fourth Upper Simpson producer on the lease with a fifth gas well. two more wells drilling including a twin of the gasser. Deep Rock No 4 Harden retake found water and pegs 2777 BPD. Shell No 3 Hill wildcat in 30-3-10 on Chiles dome driling at 5735 feet. Shaw No 1 Bankers Life 1-4-5 near Ada at 2762 feet in Viola lime.
The Bronx court dismissed the extortion charge against Bruno Richard Hauptmann in the Lindbergh kidnapping case, accepting a motion to quash the $50,000 ransom indictment after Hauptmann was handed to New Jersey authorities. Also noted are travel notices of local residents and a Washington breakfast invitation for Mrs. McKeown.
Potentials were taken on two edge wells of the John Fitts field Tuesday and a third Wednesday. The Blackstock-Deaner No 1 Moody well showed about average field output at 3,700 to 3,800 barrels daily. The Fleetborn No 2 J Norris well slow in third attempt to take potential rated 534.60 barrels daily. Crosbie No 3 Burris also had potentials on Wednesday. J L Shaw No 1 Bankers Life wildcat near Ada is shut down at 2,855 feet.
George Stagg, resident east of Ada, was seriously injured when his car collided at the intersection of Fourteenth and Stockton at 9:30 Monday morning. He suffered a broken arm and nose, severe shock, and possible internal injuries. His brother in law Ewell Hays, the driver, had minor injuries. Louis Boswell, the other driver, was uninjured. Two other Ada men escaped unharmed as their car overturned between Centraloma and Stonewall Sunday night, with M. A. Waits Jr, Wilbur Thomas, and Seth Crain sustaining minor injuries.
George Stages was injured Monday in a collision at Fourteenth and Stockton and remains unconscious in hospital in serious condition. He suffered a fractured right arm and nose a severe head injury heavy shock and possible internal injuries. The two other men in the crash were uninjured.
A poor Iowa couple named Yorboss started west in an old car seeking California fortune. They found fortune, sewing $6,000 in large currency into a coat lining sent to Olympia cleaner O. E. Keiffer. The money had likely been hidden by Mrs. Yorboss' mother who died seven years earlier.
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