Treasury adopts new gold policy to curb inflation
Treasury officials unveil a plan to freeze gold inflows and regulate loanable funds by purchasing all gold with treasury receipts, placing new gold gains in an inactive account, and using market actions to counter gold flows. The move aims to prevent inflation and tighten credit in collaboration with the Federal Reserve.
MENTIONED IN THIS ARTICLE
William S. Ardery
Washington
Treasury
British Equalization Fund
Federal Reserve Banks
Marriner S. Eccles
Federal Reserve Board
Morgenthau
Roosevelt
Eccles
Reserve Board
Nation’s oil output reaches new weekly high
Tulsa report from Dec 22 shows crude oil production at 3 137 340 barrels daily for the week ending Dec 12, up 33 373 barrels from the prior week. Major regions like Oklahoma East Texas Texas Louisiana California and Kansas rose, while Eastern fields including Michigan fell slightly. Rocky Mountain area rose to 65 390 barrels daily. outlook for Dec 19 compared with the prior week noted.
MENTIONED IN THIS ARTICLE
Mid-Continent
West
Oklahoma
East
Texas
Louisiana
California
Kansas
Michigan
Rocky Mountain
Oklahoma City
East Texas
West Texas
Texas Panhandle
Gulf Coast
Southwest
State of Texas
Arkansas
Southeastern
Rocky Mountain Area
U. S
Roosevelt weighs executive consolidation of agencies
Washington reports President Roosevelt may seek executive authority to consolidate or eliminate minor agencies. The first step shifts the relief agency to the Agriculture Department under Rexford Tugwell and Secretary Wallace. The reorganization panel studies public works and welfare departments and under secretaryships.
MENTIONED IN THIS ARTICLE
Washington
Congress
Roosevelt
Resettlement Administration
Agriculture Department
Rexford Tugwell
Wallace
Day Bound Over In Hijack Case
Ray A. Day was bound over to district court without bond after a preliminary hearing before Justice A W Oliver on armed robbery charges with a second and subsequent offense clause. Day, returned from Lubbock to answer charges tied to the October 25 hijacking of Lowery Lee, a tourist camp operator, for a large sum of money. Sam Lynch of Harden City pleaded not guilty to possession charges, posting a 2,000 appearance bond.
MENTIONED IN THIS ARTICLE
Ray A. Day
A. W. Oliver
Day
Ada
Lubbock
Tex
Lowery Lee
Sam Lynch
Harden City
J. B. Mec Keel
Lawmakers adjourn for Christmas with debate over capital funds
Oklahoma City December 22 lawmakers recessed until Monday after passing a $975 000 state office building and a $650 000 armory bill but denying the emergency clause. The senate backed a $1 000 000 combined cap itol project with federal aid adjustments while committees examined highway claims and proposed tax cuts for schools and homesteads.
MENTIONED IN THIS ARTICLE
Oklahoma City
House
Senate
James C. Nance
Phillips
Leon C. Phillips
Capitol
PWA
State Historical Society
Nance
Oklahom
Marland
Revenue and Taxation
Highway Department
F. G. Baker
Revenue and Taxation Committee
William Cullen Bryant
Norman
Kid Charles Warren Spends Night in Woods
In Arkansas, 2 year old Charles Warren endured 24 hours in freezing woodlands. He wandered to a farm house four miles from home as more than 200 National Guardsmen and locals searched. The boy, seeking oatmeal over hot chocolate, was brought to the Army and Navy hospital with his parents Variously described as his third disappearance in a year.
MENTIONED IN THIS ARTICLE
Charles
W. O. Posser
Hot Springs
Ark
Chrles Warren
Harold Warren
Army and Navy
Colbert Adult Club Holds Christmas Meeting
The Colbert Adult Club met Monday December 21 for a regular session. Members shared Christmas recipes and candy cake ideas while Mrs A R Selph demonstrated gift sewing from cambric flour sacks. They drew Christmas pals. next meeting will be January 4 as a call meeting.
MENTIONED IN THIS ARTICLE
Colbert Adult Club
A. R. Selph
Miss Shipman Marries In Okmulgee
Miss Ruby Jewel Shipman, age 24, of 404 East Twelfth, married Jack Farr of Henryetta in Okmulgee on Thursday evening December 21. The ceremony took place at the bride’s sister Mrs Joe Hacker home with the First Christian church pastor officiating.
MENTIONED IN THIS ARTICLE
Ruby Jewel Shipman
East Twelfth
Jack Farr
Henryetta
Joe Hacker
Okmulgee
First Christian Church
Carter No 22 Richards Leads Wilcox Field Drilling Output
New Carter No. 22 Richards well in the Wilcox sand at Fitts field shows early productivity with a 350 barrel per hour rate during drilling and 475.65 and 626.51 barrel outputs in successive hours as tank space ran out. Other notable results include Magnolia No. 8 Norris and Sinclair Woolley A in Hunton lime, with multiple wells sharing impressive potential figures. The piece covers field expansion, Kansas oil scouts efforts, and ongoing potential testing across Hunton and Upper Simpson plays.
MENTIONED IN THIS ARTICLE
Wilcox
Fitts
Richards
South Fitts
Magnolia
Norris
Hunton
Sinclair
Woolley A
Jesse, Lucien
Edmond
South Britton
East Sasakwa-Wilcox
Fitts-Upper Simpson
Fitts-Wilcox
Crescent
Simpson
Oilfield Drilling Notes with Multiple Twin Wells
Phillips stakes No 4 Bates location NW NE NW of 26 27 to twin No 2 Bates in Hunton lime. No 3 Bates SW NE NW of 26 26 drilling below 2150 J E Crosbie to drill No 4 A J Harden NE NE NE of 30 2 7. Heenan Co stake No 1 A Burris SW NW SW of 22 2 7 twin to north line. Continental No 1 Thompson in Jesse area SW NW SE of 2 1 7 shows Viola lime at 4120 and 4210 feet with gas shows.
MENTIONED IN THIS ARTICLE
North Line
E. H
Woolley
E. H. Moore Inc
Mack
Atokas
Moore
Luceta Saddler
Ackley
Burris
Hunton
Wilcox
Patrick
Wirick
Phillips
Bates
J. E. Crosbie Inc
A. J. Harden
Heenan-Coe
Jesse
Thompson
Sandbach and Norris well drilling near Ada updates
Sandbach and No 1 Norris, located just north of Ada, reached 408 feet after setting pipe several days ago. On Thursday drilling advanced to about 520 feet, adding roughly 100 feet in a day after resuming. East of Ada, Delaney et al No 2 Alexander, at 24-4-7, was drilling Thursday at 3798 feet, changing from gas to fuel oil.
MENTIONED IN THIS ARTICLE
Sandbach
Norris
Ada
Delaney Et al
Alexander
Fitts
Delaney No. 2
Hunton
Coal County
Kirby
King
Wilcox
Daniels
Continental
Coalgate
Woodford
Lovelady
Johnson
State Commission Raises Jesse Pool Allowable to 100 BPD
The state corporation commission increased the Jesse pool minimum to 100 barrels per day from 75 BPD, noting conditions differ from the Fitts area with a denser less porous producing sand. Choctaw Oil and Gas asks for a minimum not less than 159 BPD and the 75 BPD minimum had been in effect since April.
MENTIONED IN THIS ARTICLE
State Corporation Commission
Jesse Pool
Choctaw Oil and Gas Company
Fitts
Ada Area Drilling Ramps Up Wildcat Tests In Hunton Lime
Field activity near Ada includes several Hunton lime tests and oil shows. Wells such as Delaney No 2 Alexander and Carter No 1 Warne report progress with depths near 3,900 to 5,560 feet and oil shows amid shifting from gas to fuel oil. Potentials in Hunton lime exceed 103 000 barrels across 36 wells as seven more producers are tested.
MENTIONED IN THIS ARTICLE
Hunton
I-27
Moore No. 2
G. C. Walker
Waite
Huyton
Toen
Ada
Delaney No
Alexander
Coal County
Norris
Wilcox
Fitts
Richards
Ramsey No
Johnson
NWSW
Lovelady
Viola
Delaney Et al No
Lula
Warne
Carter
Simpson
Westheimer
Magnolia
Samedan
Holkum
Akin No
Daniel
Sinclair Prairie
Burris
Amerada
Woolley
Moore No. 1
Moody
Statewide Wheat Acreage Reaches Record High
Oklahoma farmers sowed a record 5,246,000 acres of wheat this year, but crop condition is below average at 68 percent due to moisture shortages in the northwest, west-central and southwest. Last year 4,845,000 acres were planted and the ten year average is 4,685,000.
MENTIONED IN THIS ARTICLE
Oklahoma City
Oklahoma
K. D. Blood
Oklahoma tax commission sees four year rise in costs
An audit by state examiner John Rogers shows the Oklahoma Tax Commission collected 22,127,346 in 1931 32 and 31,968,451 in 1934 35 with costs of collection increasing from 458,996 to 908,730. Income tax take grew from 978,207 to 2,296,989 over the four year span.
MENTIONED IN THIS ARTICLE
Oklahoma City
Oklahoma Tax Commission
Department
John Rogers
Tax Commission
Oil mat road officials tour southwest Oklahoma area
Dr W E Grisso a state highway commission member and chief engineer Van T Moon and W R Black of Ada with two or three Seminole men visited Ada Sulphur and the oil mat project north of Tishomingo on 48 to inspect work on No 12 and discuss regional industrial growth.
MENTIONED IN THIS ARTICLE
W. E. Grisso
State Highway Commission
van T. Moon
W. R. Black
Ada
Seminole
Altus
Mangum
Tishomingo
Oklahoma
Three-Cent Drop in Wheat Prices
Wheat futures fell after the agriculture department reported record winter wheat acreage in the southwest. December wheat dipped to about 1.36 a bushel from a prior high near 1.408 July contracts slid to roughly 1.15. Rye dropped about two cents to near 1.14 for December and under 1.05 for July.
MENTIONED IN THIS ARTICLE
Chicago
Department of Agriculture
Also Mentioned on This Page
Midcontinent
Tulsa
The
Oil and Gas Journal
W. A. Melton
Tom Cheek
State Farmers Union
Supreme Court
Hil
Munson
Herne
Albright
Church
Whitaker
McDonald
Bushyhead
Ritzhaupt
Rinehart
Chamberlin
Mauk
E. P. Hill
McAlester
Louis Ritzhaupt
William J. Browne
Highway Commission
Browne
Pontotoc County
Maurice
Miesse
Phillips Company
Wichita
Kan
National Oil Scouts Organization
New Mexico
National Organization
Aldridge Hotel
Buford Sutherland
Shawnee
Atlantic Company
Mr. Carpenter
Skelly
Park College
Akin
Moore No
Akin Oil Co
Blackstock
D. Harden
Magnolia No
J. F
J. Paul Getty
Minnehoma Oil Co
Stahl No
Dennis
Blackstock No
A Schaurer
Skelly No
Fitts Field
Jesse Field
E. H. Moore
Walker
Ada News
Keegioci,s
Wuoa
State
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