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Newspaper
Ada Weekly News
Location
Ada, Oklahoma, United States of America
Date
May 04, 1937
Page
2
The Associated Press reports firm New York stocks with industrial leaders up on light volume. Bonds and utilities show gains while foreign exchange softens after Monday rally. Cotton climbs with New Orleans demand as cattle and sheep prices vary, with top lambs near 11.75 and wool lambs around 11.40.
Chicago markets show May wheat prices lower as deliveries rise. Corn offers limited and firm amid scarce offerings. Cattle hold steady to 25 cents lower. Hogs ease 10 cents with top bid at 10.35.
New York May 4 stock market today paused recovery pace but showed firmer tone aided by strong earnings and dividend optimism. Heavy industrials led early gains with American Telephone up about four points on revenue growth and rate cuts, though some of this was erased in the afternoon. Volume around 850000 shares with steels oils coppers motors and specialties active.
A list of stock prices shows notable values for Am. Steel Bethlehem Steel Am. T. & T. Exxon sources indicate varied activity across sectors with majors like U S Steel and U S Rubber posting mid range quotes. The roundup highlights leading industrials and consumer names trading near prior levels.
Arkansas Natural Gas and Gulf Oil show notable moves in early trading with eight and seven eighths and fifty seven cents respectively. Cities Service and Humble Oil also register gains while Ford Motor Company stalls amid a broad market mix.
Cattle numbers 1 800, calves 500, slow opening but around steady. Yearling and heifer ranges, beef cows 5.50 to 7.00, low cutters 3.00 to 4.75. Vealers to 9.00, stockers steady 6.00 to 7.50. Hogs 1 200 with packer top near 9.95, sows 8.25 to 9.25. Sheep 900 spring lambs 10.75 to 11.25, other classes scarce.
Kansas City hog buyers push prices up to 10.15 for top 180 300 lb hogs with good to choice ranges from 9.90 to 10.15. 140-170 lb hogs bring 9.00-9.85 while sows sell 9.25 to 9.65. Stock pigs remain scarce. Cattle offerings total 3,500 with 800 calves. Beef steers and yearlings start slow, steady to weak, fed heifers and mixed yearlings scarce, cows steady.
Chicago reports prices for butter creamery specials and extras with scores ranging 90 to 93 and similar grade listings. Eggs show receipts and local grades while poultry prices list cars trucks and bird varieties with multiple regional figures.
U S Department of Agriculture reports May 4 in Chicago with total U S shipments 366 and old stock steady. Prices: Idaho russet Burbanks U S No 1 2 50 2 85 per cwt while U S No 2 2 40. Minnesota early Ohios U S No 1 2 50. Wisconsin round whites U S commercial 1 80 new stock firm. Alabama Bliss U S No 1 3 85. California white rose U S No 1 4 00.
District Judge Tal Crawford ruled for the state in the Hancock case involving about 400 acres in Pontotoc county valued at 3 000 to 4 000 dollars but ruled against the state in the National Life case over 100 acres valued at 1 000 dollars. Appeals were filed in both matters.
Cash wheat No 1 hard 1.36 1 2. Corn values range No 3 mixed 1.37 1 2 No 2 yellow 1.40 No 3 yellow 1.37 1 4 to 1.38 No 3 white 1.37 1 2. Oats No 1 white 56 No 2 white 55 to 56 No 4 white 52 1 4 to 1 2.
In New York trading on May 4, cotton rose in light dealings as foreign financial centers issued favorable reports and stocks and wheat rose. July futures climbed from 13.02 to 13.13, then traded around 13.08 with advances of 6 to 11 points on local and Wall Street buying.
New Orleans May 4 dull spot cotton market with a 5 point uptick. Sales 140, low middling at 11.84, middling 13.34, good middling 13.89. Receipts 3,060 stocks 437,314.
J H Pryor commissioner of streets and water announced the reappointment of the entire Adam public library board. Dr O B Lee pastor of First Presbyterian will again serve as chairman. Other officers include Mrs E H Schroeder secretary treasurer with Edmon Low Emma K Keller and Mrs R W Huff as members.
Only game scheduled in the American League slate was postponed due to rain. The game at Cleveland versus St. Louis was called off and not completed.
Albert Gannon filed a district court suit against Wayne Vickers and United States Fidelity and Guaranty for $1,000. He alleges Vickers beat him while arresting him at Fifth Street and Broadway, while he slept in a field, and again after being placed in the city jail. Injuries include a broken rib and internal injuries. U S Fidelity acts as bondsman for Vickers, a city police officer.
The article notes that she won freedom from her second marriage to Ernest Aldrich Simpson and will wed the duke, likely in May or June. A steel box found with Edward at the chateau is believed to contain jewelry, and a box of Edelweiss plus a dirndl are mentioned as artifacts from the duke's long exile.
The Duke of Windsor sought an injunction in his libel case against Geoffrey Dennis author and William Heinnemann Ltd publisher of Coronation Commentary. The hearing in chambers occurred today with no result announced, as the duke pursues damages.
Senators clashed over primary aid worth millions with Ritzhaupt urging a substitute bill while House leaders pressed to adjourn. The debate centered on education funding, chain store tax fate, coin machine taxes, and a statewide election bill.
Thomas Jim Ashby was sentenced to two years in the McAlester state penitentiary after pleading guilty to second degree burglary. He faced charges for stealing a typewriter adding machine and other equipment from R. S. Mahoney, alleged to have occurred March 29.
Rev. John E. Brown evangelist said revival comes from prayer not preaching or singing. Christians urged to pray for success as crowds grow during Sunday Monday and Tuesday sessions. Brown, a renowned speaker, runs a prominent private school in Siloam Springs Arkansas.
In Washington on May 4 Secretary Perkins urged expansion of state labor mediation services to settle and prevent strikes amid the development of collective bargaining. She spoke at her second labor industry conference, noting initial conference progress toward adopting Wagner Act defined collective bargaining.
Oklahoma City officials opened an inquiry into school punishment methods as funeral arrangements were made for Wilson Oliver a 12 year old who shot himself after being whipped for truancy The coroner said the boy used his father's shotgun The note near his body claimed abuse and his father said the whipping was not severe The case prompts debate from school leaders and PTA officials about disciplinary practices.
Stanolind Pipeliners beat Coca Cola Battlers 5 to 4 in a last inning rally. Bakers defeated Randolph in a called game. Hollis Riggers led Phillips 66 4 to 1 before rain postponed the match. Wednesday schedule lists Coca Cola, Phillips, Hollis, Johnson, Randolph, Stanolind. Glen Vail went 3 for 4 for the Bottlers. Standings show Stanolind atop with 3 wins, 1 loss. Coca Cola 1 win, 0 losses. others 0–0.
Alex Riley, a Stonewall resident, was treated for a deep neck cut and wrist wounds after a suspected razor attack. Ester Riley, his wife, was jailed pending the wound outcome. Since the injured party declined to prosecute, county officials dropped the case.
Mrs Ed Branscome hosted a covered dish dinner for Wimodausis club executive board members on Monday evening. Guests were seated around a table with a centerpiece of pink rosebuds and white tapers. attendees included Mrs Harold Strohm, Mrs O W Robinson, Mrs W F Dooley, Mrs Fred Oliver, Mrs S B Cox, Mrs O B Tiffin, Mrs Joseph Anderson, Mrs C D Clements, Mrs Joe Hunsaker, Mrs L E Sanford, Mrs Frank Tillack, and Mrs W B Grigsby.
The Ohoyohoma club delays its Friday gathering to Monday evening May 10. The meeting will be held at Mrs. George Taylor’s home, 134 West Twenty second street.
Ada police department sponsors a dance Thursday evening May 20 at Oak Hills Country Club. Proceeds benefit playgrounds civic enterprises and injured or ill officers. Music by Al Denny and his orchestra.
Willard Ross 21 died yesterday when his motorcycle struck an automobile driven by Dr. G. W. Presnell of Sikeston. Ross, son of E B Ross of Clarkesville Tennessee, was employed on a surveying project in Scott County.
A 60 foot iron flagpole fractured near its base and fell, striking 10 year old Mary Elizabeth Gibear who was playing about 25 feet away. She died from the injuries sustained in the accident.
Quaker State Oil Refining Corp of Oil City Pennsylvania reports a March quarter net profit of 8737 dollars equal to 42 cents a share on capital stock. This compares with 163,752 dollars or 18 cents a share a year ago.
Tokyo May 4. Japan's wrestlers, national wrestling association labor idols, threaten to strike as the summer season nears. They demand a greater share of receipts from the association that employs them.
Fremont resident George Klare read about a bottle carried around the world by ocean currents and created a wax wrapped balloon that sailed eastward. He received a letter from Louis H. Langman saying he found the balloon on a highline in the Catskill mountains near Oxford New York.
An auto collision left Stepin Fet cher unconscious according to bystander accounts. Emergency responders treated him at the scene before transport to a local hospital for further evaluation.
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