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Newspaper
Ada Weekly News
Location
Ada, Oklahoma, United States of America
Date
Aug 01, 1940
Page
2
New York markets show uneven progress with selective gains in stocks and mixed price activity in bonds. In Chicago and poultry markets, cattle and hogs rise while hogs reach a top near 6.65, with steady poultry and varied egg and butter receipts across the Midwest.
A snapshot of stock quotes includes Al Chem & Dye 150 Amerada 13 Am Roll Mill 11 Am Stl Fdrs 24 Anaconda 203 AT T 162 Chrysler 734 Du Pont 165 Eastman 1243 Gen Mot 453 IBM not listed. Shell Un 83 United Gas 12 U S Steel 533 Woolworth 333 and other prices across industries.
Readable lines include Ark Nat G A Cit Sve El Bond Humble Oil Lone Star Gas Niag H Pr 43. The text presents a jumbled catalog of company abbreviations and numbers with no clear news event or context.
Cattle salable 1600 with calves 900 and meat classes steady to active. Hogs salable 1100 with top 6.20 and most 5.25 to 6.10. Sheep salable 500 with spring lambs up to 7.50 and ewes 7.00 to 5.00.
Hogs 2,000 with uneven demand 180-230 lbs at 5.75 to 6.25 top 6.25 and heavier weights scarce 140-170 lbs at 4.85 to 5.90 sows 4.15 to 5.15. Cattle salable 1,400 total 1,800 calves 500 total 600 beef steers steady other classes little changed. Vealers strong stocker and feeder classes steady. Good to choice fed steers 9.25-10.65 common to medium grass steers 6.25-7.75 mixed yearlings 9.50 grass heifers 7.50 down. Grass fat cows 4.75-5.75 good cows 6.00 good to choice vealers 7.50-9.00. Sheep 2,000 spring lambs about 25 higher other classes steady early top native lambs 8.00 Texas 7.75 fed clipped spring lambs 7.35 fed yearlings 6.10.
Chicago reports 198 total U S shipments with 32 arrivals and 163 on track. Demand is light for good quality cobblers and Russet Burbanks, with market strength for poor stock. Prices shown include Idaho Russet Burbanks No 1 at 1.85 to 1.95 and Idaho Bliss Triumphs at 1.40 to 1.55 per unit.
Chicago market notes cash wheat with No. 4 red at 7 3, No. 3 hard 7 6 3, No. 3 mixed 7 5 3, No. 4 7 6, No. 1 dark hard 7 8. Corn quotes show No. 1 mixed 7 4, No. 1 yellow 6 6 7 4, No. 2 6 5 3 6 7, No. 3 6 5 3. Oats quotes include No. 1 mixed 3 1 32, No. 1 white 3 3 34, No. 3 3 1 32, No. 4 3 1 3, No. 1 white heavy 3 3 3, No. 2 3 3 34, No. 3 white heavy 3 2 4, No. 1 red heavy 3 2 4, No. 1 mixed heavy 3 1 4, No. 2 3 2 3.
Chicago prices show wheat and corn largely steady as private August crop estimates suggest July weather reduced prospective corn and spring wheat yields by about 5 and 13 percent. Trade expected, some gains due to better corn weather and wheat revisions, mills active buyers. Wheat steady to lower. September 76.75, December 76.25 76.4. corn unchanged to 2 cents off. oats 2 to 3 lower.
In New York and New Orleans today cotton futures moved irregularly within a narrow range. Hedge selling and scattered liquidation followed weak demand from enlarged dry goods business, while mill price fixing and New Orleans absorption of May limited the downturn.
Spot cotton closed quiet with no sales. Quotations show low middling 10.30 and good middling 10.75, with receipts and sales listed as none. Stock stands at 550 769 bales.
Forecaster Harry Wahlgren predicted fair and warm conditions through Friday. Rains and cooling winds today brought relief after two weeks of extreme heat. Death toll reached 1,002 with 482 heat prostration and 520 drownings. Lightning struck many, and a late Washington D C rain helped cool the worst heat since 1930. Albany hit 57, Pennsylvania mid 80s with cooling outlook tomorrow. Michigan dipped to 55 while Nebraska remained hot amid storms.
A classified item notes higher yields for invested funds in Ada, detailing improved returns for holders who commit capital. The notice emphasizes favorable terms and potential benefits from the new investment plan.
The Ada Missionary Baptist Church invites all readers to Wednesday or Thursday prayer meeting at 8 p.m. under Pastor Elden D. B. Weston. Brother Roy Kendrick leads tonight as they study St. Matthew chapter five. attendees are urged to bring a Bible and join for blessing.
Harry F. Sinclair told a statewide proration hearing before the railroad commission that the oil industry suffers because those who set prices refuse to sell petroleum products at fair levels. He argued refiners reduce gasoline and blamed price settings for losses, urging restraint on government control while warning of possible federal takeover if states do not reform.
The Senate Banking Committee approved a Roosevelt backed plan to create a 500 million dollar fund to help the western hemisphere weather war induced economic stress. The measure would raise Export Import Bank authority from 200 to 700 million dollars amid earlier policy rifts noted by Chairman Wagner.
Charles Goodall takes over management of the Tia Juana night club as it reopens for the Firemen's Sixth annual rodeo. The remodeled venue will host Yewel Smith and the OU Varsity band on Saturday with a 50 cent admission on orchestra nights.
Edward J. Flynn of New York accepted the post to succeed James A. Farley as head of the Democratic National Committee. The appointment takes effect August 17 after a White House conference with Roosevelt aides and others discussed as potential successors.
A columnist discusses John F. Kennedy's new book Why England Slept amid wartime tension. The piece notes Kennedy's age twenty three and reflects on his views on England's prewar leadership and dissent within politics.
Hollywood reports Gene Towne bought a paper from Robbie Cooper, a Chicago born newsboy, and gave him a screen test. Towne announced Cooper has been signed for a role in Little Men. Cooper says he will not quit his newsboy job due to the uncertainty of the film business.
Shipstead, long time Minnesota senator and farmer-laborite, filed for the Republican nomination in the September 10 primary. He opposes a third Roosevelt term and did not mention Wendell Willkie.
A Stephens county grand jury will convene August 12 to investigate evidence of probable felony by county officials. County Attorney Marmaduke cooperates with state investigators and the attorney general. Claims filed for payment of guards who took prisoners to penal institutions.
Washington August 1 The post office admits a problem with flag imagery on stamps amid patriotism. H E Rhoads of San Diego proposes an unfurled flag air mail stamp but concerns about canceling holes ink and smudges raise questions. The department will decide later and has not committed.
Two truckloads of fresh peaches arrived Thursday at the Pontotoc Commodity House on East Tenth Street. County administrator Harve Lambert invites commodity clients to come and get them, noting the fruit is of excellent quality.
Senator McNary of Oregon said he would deliver five or six major campaign speeches mainly in the west and may do radio talks from Washington. He will accept the vice presidential nomination in Salem on August 27 and delay further speeches to September and October.
Miss Francise Allen hosted a Tuesday buffet honoring Miss Mary Louise Osborne and Miss Virginia Patton. Osborne plans to move to Maud while Patton will attend Chillicothe Business College in Chillicothe Missouri. Attending guests included Dorothy Witherspoon, Dorothy Ross, Peggy Leonard, Lou Jean Evans, Emiline Core, and the two honorees.
Announcement of the marriage of Miss Farris C. Lee to James Huff of Oklahoma City. The wedding occurred December 31, 1939 and was kept secret until now. Miss Lee, a graduate of East Central State college, has many Ada friends. Mr Huff works for Nelson Roofing and Metal Works in Oklahoma City.
The Dorcas class of the First Christian church held its monthly social with a picnic Tuesday night at Wintersmith Park. Hostesses were Mrs. C. E. Dawson, Mrs. Walter Ferguson and Mrs. Joe Hunsaker. Si Freeman teaches the class and Mrs. Fannie Le Barge is the president.
World War II dispatches describe a British battle squadron with battleships and an aircraft carrier heading toward the Mediterranean from Gibraltar on an undisclosed mission. German raiders attacked the Thames estuary and Bristol Channel as radio stations in Germany fell silent.
London reports the British war inventions committee weighs armor for troops with doctors and technical experts. A reinforced plastic type is among materials studied. Prime Minister Churchill backs the project, recalling his role in tank development. Main challenge to keep weight light while stopping splinters and shell fragments.
Seventeen patients were treated at the city county health unit on Wednesday for tuberculosis checks. They joined twenty five examined at a recent clinic at Valley View hospital. Local physicians cooperate in chest examinations and X ray interpretations. Typhoid clinics with diphtheria immunization for interested parents are planned across the county with listed schedule.
The district court issued a decree of annulment to Margaret Louise Hill Rand, formerly Margaret Louise Hill, from Rolle Rand. The suit, filed by Leona Steed Hill, states the couple wed in Purcell Oklahoma on January 29 1940 under a license with Hill listed as 18 though she was 17. The marriage is annulled and the maiden name is restored.
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