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Newspaper
Ada Weekly News
Location
Ada, Oklahoma, United States of America
Date
Dec 02, 1937
Page
4
The piece warns that federal road aid masks state borrowing and taxes, creating a cycle that could bankrupt states. It argues Jackson and Cleveland’s debt payoffs show fiscal responsibility, urges restraint on federal programs, and laments federal coercion and AI.
A Sunday School lesson argues that true rest comes from Jesus not conquest or law. Hebrews links rest to inner peace and obedience, with examples from Luther Wesley and Booth showing faith amid persecution. The column also notes advertising pays, a CIO Ford clash, Roosevelt tax plans, real estate foreclosures, and a hopeful turn toward 1938.
Magnolia Petroleum announces three new wells in the Fitts field and West Fitts area including No. 4 F. C. Norris and No. 1 Nance Campbell. Daily tests report Choctaw and Statler wells producing with early 400 barrel flows and ongoing drilling in Jesse and Cromwell sands.
In Seminole County northwest and west of Allen activity moves quickly as wells progress. Barbra Oil moves to the No 2 Mount, Neustadt No 1 Fee is drilling below 2,387 feet, Magnolia No 2 Reed targets Hunton lime, and Carter No 1 Claytor drills near Centrahoma. A Sunray Oil banquet in Allen marks 55 days of continuous refinery operation. A Shawnee sale of acreage near 31-27 and 32-27 fetches about 6,000 dollars, with a California syndicate likely buyer. Total recovery on the two tracts is around 1,000,900 barrels. current gross output about 1,200 barrels per day.
Oil developments across Ada area draw interest as Riddle No. 1 Fee wildcat near Latta nears derrick completion and potential Wednesday spudding. Magnolia No. 2 Reed on South Sasakwa pool edge shows strong Hunton lime tests after acidizing, with water setback noted and depth around 1 465 feet.
Markets report for Oklahoma City shows cattle notables with beef calves near 4.25 to 6.00, stockers weak, heifers and cows mixed. Hog prices around 7.50 to 7.75 for good choices, sows and stags weaker. lambs 7.50 to 8.00 with scarce sheep and mixed demand. overall tone unchanged from prior session.
Chicago markets report poultry live 1 car 33 trucks steady with 4 1 2 up white 18 1 2. Dressed market steady with young tom turkeys 25 old 22. Butter firm with creamery specials 39 1 4 to 3 4. eggs 2 624 steady with refrigerator extras 19 1 4 refrigeration standards 19 and refrigerator firsts 18 1 2.
New York on December 1 reported cotton futures easing as private crop forecasts ranged up to 18,491,000 and 18,367,000 bales. March declined from 7.97 to 7.90 and settled around 7.92 as the overall list showed 3 to 6 points lower amid farm bill progress uncertainty, signaling negative sentiment.
Spot cotton closed quiet in New Orleans on December 1 with a 7 point drop. Sales totaled 1,846 bales. variety prices ranged from 6.53 for iowa middling to 8.58 for good middling with 938,349 stocks reported.
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