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Newspaper
Ada Weekly News
Location
Ada, Oklahoma, United States of America
Date
Nov 06, 1941
Page
6
Markets show firmness in rails and steels with higher bonds and quiet foreign exchange. Cotton and wool inactive while sugar and copper outlooks hint at supply moves. Chicago notes sharp wheat gains, higher corn on Paris weather, hogs up 10 to 25 cents, and cattle mixed with varied weight classes and prices.
The market rose into higher territory with improved volume as industrial leaders posted gains. Rails buying supported the late push amid Roosevelt board findings toward railway wage settlement. Bonds rose, and Chicago wheat, corn, soybeans, and cotton posted gains.
Livestock market update from Oklahoma City reports cattle around 3 200 head with calves 1400 and various loads of beef steers and yearlings steady while cows and lower grades fall. Hogs 2400 mostly 20 higher with top 10.50 to shippers and city butchers and packing sows 9.00 to 9.50. Sheep and lambs 600 head steady to strong with good to choice weights 10.00 to 10.50 and ewes to 5.25.
Market summary from Kansas City shows hogs mostly 20 to 30 higher with top at 10.50 and bulk 180 to 300 pound pigs 10.35 to 10.45. Sows sold 9.10 to 9.85. Cattle and calves totaled about 5,600 and 1,100 respectively with varying prices noted.
U S Department notes varied potato demand with Bliss Triumphs leading in sections and stock quality firm to slightly stronger. Northern Cobblers and Idaho Russet Burbanks show moderate to strong demand. Colorado Red McClures and Minnesota North Dakota Bliss Triumphs appear in price ranges from 1.60 to 2.65 per cwt. Wisconsin rurals trade 1.25 to 1.40.
In Chicago Navy district markets butter creamery 93 score 364 92 36 with other prices unchanged. Eggs firm graded extra firsts local 373. cars 73 firsts local 35. Poultry live steady with springs up 4 lbs Plymouth rye? 16 geese 12 lbs and down 15 over 12 lbs 133 with other prices unchanged.
Fort Worth market notes wheat No 1 soft red winter 1 28 to 1 29 per bushel No 1 hard 1 26 to 1 273. Barley No 2 59 to 60 No 3 58 to 59. Sorghums No 2 yellow mile 1 12 to 1 14 per cwt No 3 1 07 to 1 09. Corn shelled No 2 white 81 to 84 No 2 yellow 88 to 91. Oats No 2 red 54 to 55 No 3 red 2 to 53.
Wheat moved higher with 50 cars as futures rose, led by No 2 dark hard and No 2 hard contracts in December May and July. Corn advanced with 10 cars trading. No 2 white and No 2 yellow showed nominal gains while No 2 mixed remained steady. Additional cars showed minimal changes with December and May bids listed.
Cash grain prices listed for Chicago on November five show no bid for wheat. Old corn values include No 2 mixed at 74 to 75 cents, No 1 yellow 76 3 4 cents, No 2 74 4 5, No 3 75, No 9 72 7 3, and sample yellow 68 to 70. New corn includes No 2 yellow 75, No 3 72 7 5, No 4 68 72, No 5 64 67 4, sample yellow 61 to 64. Oats quotations: No 1 mixed 49 4, No 1 white 50 4 13, No 2 49 3 5, No 3 48 4 9, No 4 47 3.
Chicago wheat and soybeans climbed after renewed demand fueled by international developments and wet weather. News of Russia possibly importing U.S. wheat and reports on German submarines and Japan U S relations supported gains. Wheat closed 24 to 34 cents higher, corn up 1 to 3, oats up 1 to 3, rye up 3, soybeans 8 cents higher.
Cotton futures rose in late New York trading after an earlier decline. Trade and commission houses aided by lower levels and wheat strength lifted prices 10 to 30 cents per bale as New Orleans and hedge selling eased.
In New Orleans on November 5, cotton futures edged higher as mill price fixing and short covering reduced losses. Closing values were mostly up, with front month and later contracts trading around the 16.2 to 16.6 cent range, while spot cotton quotes showed limited activity.
In San Francisco officials report eight chemical compounds found in crude oil's kerosene range. Rosini and Mair of the U S Bureau of Standards isolated these substances, with Dr J Bennett Hill presenting to the American Petroleum Institute. Naphthalene is the most common, used for moth balls explosives and dyes. the others are long named hydrocarbons. This raises the total known compounds in gasoline and kerosene portions to 62.
San Francisco dispatch reports Hooper Foundation researchers at UC Yakima have traced brain fever to two related viruses and identify the Tarsalis mosquito as the carrier. The study links barnyard exposure to infections such as Western Equine encephalomyelitis and American sleeping sickness, with vaccine development and transmission duration yet to be determined.
Senator Downey said 75 to 80 percent of Californians favor neutrality act revision while Senator Johnson disputed him arguing that arming ships would risk war. The exchange followed White House remarks urging passage of pending defense bills without amendments.
A presidential emergency board recommended temporary wage increases for 1,150,000 railroad workers. It proposed a 7% raise for 350,000 in the five operating unio ns and a 13% average increase or 9 cents per hour for 800,000 non operating employees in 14 other brotherhoods. The report also urged a paid week off each year beginning 1942 for non operating workers and a 7 ½ cents per hour rise for Railway Express Agency staff.
Beaver Oklahoma uses proceeds from waterworks bonds to buy defense savings bonds totaling 29600, with a firm purchasing the bonds at par plus accrued interest and a 276 premium. The remaining funds will retire several thousand dollars of outstanding bonds, per Mayor H. H. Hubbart.
The United States Census Bureau defines illiteracy as the inability to read or write in any language for anyone aged ten or older. This ruling frames educational assessments and literacy statistics used in demographic analyses.
Spot cotton closes 13 points higher with sales of 2,158 bales. Prices show low middling 14.85, middling 16.25, good middling 16.75. Receipts total 4,973 and total stocks stand at 534,405.
SAN FRANCISCO November 5 Oil can win the war Rep William P Cole Jr leader on oil in congress told the American Petroleum Institute this is an oil war The outcome depends on how we use our oil and deny it to enemies He urged readiness for a demand of about 5 000 000 barrels one fourth more than current production He warned of possible curtailment in petroleum use despite summer east coast shortage concerns W R Boyd Jr of New York urged industry to help government and preserve industrial freedom by full cooperation Ada News Classified Ads
White House conference reports President Roosevelt backs enacting the neutrality revision in clear form to remove arms limits on merchant ships. Capitol Hill leaders say the Senate will act by Friday on the measure limiting changes to neutrality law and avoiding labor amendments. The president seeks swift action amid a grave international situation to signal U S foreign policy.
W F Graham Tulsa city water commissioner spoke to Ada Rotary on the value of water resources for community growth and defense readiness. He traced Tulsa’s water history and solutions, noting inland sites for defense facilities and the role of water in development. The club honored Dr J A Rutledge, fatally injured in a weekend automobile crash.
Salisbury report notes the annual Policemen's Ball will be December 6 at Oak Hills country club to raise funds for new uniforms. Tickets cost $1.10 and are sold by police officers. In a separate case two men were fined $1 plus costs for gambling, with two pairs of dice and a nickel cited as evidence.
In a grim analysis, the Crimea campaign shows air superiority overwhelming seapower in constrained waters. German dive bombers and fast mechanized units cut lines of Russian defense, isolating Kerch and Sevastopol while threatening supply routes from the Caucasus. The fleet faces a major task as surface ships retreat to Novorossiysk and Batum and the oil-rich Caucasus looms.
Washington reports California Congressman John Tolan's defense migration probe moves to Hastings Nebraska for a oneday hearings session. The study targets small towns, showing 4500 homes, 21 churches, 29 industries and local effects from defense contracts and labor shifts.
A fragmented Washington note compares a $100 billion defense program with America’s $26.5 billion railroad system. It mentions the Coast Guard’s cutter frozen at Sault Ste Marie to aid the ore fleet, Dakar’s peanut oil bus line, and Japan seeking scrap iron from sunken ships.
New York reports that shoppers anticipate a peak gift and gadget season as the wartime economy and scarce merchandise drive a buying surge unseen since 1929. Merchants expect the rush to exceed last year and promise a bustling pre Christmas period.
Vernon Black, 32, told police two men jostled him at his front step and one taunted him about his blindness before stabbing him in the side and back. He is under treatment.
Oklahoma faces rising highway fatalities with 46 predicted deaths by year end and 104 total funerals if trends continue. Walter B. Johnston, state public safety commissioner, notes a 20 percent national rise and urges motorists to maintain full windshield visibility and heightened vigilance to prevent further wrecks. Dead in 10 months total 441, up 49 from last year.
The readable lines warn that a worn shirt style phrase about oil and water force is needed to move parts. The fragment suggests urgent mechanical guidance but lacks complete details or context.
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