The Electra News (Electra, Tex.), Vol. 27, No. 7, Ed. 1 Thursday, October 19, 1933 Page: 2 of 4
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PRICE-FIXING REMOVES OIL GAMBLE” ?-?
- Headlines say “Price-Fixing^ Takes Gamble From -.Oil In-
dustry'.” President Roosevelt, Secretary Ickes, and General
Hugh (NBA) Johnson have decreed that if the oil producers
_;wfil keep within allowable orders, et cetera, they will .fix the
price of crude at a minimum of more than a dollar and a dime
a barrel on high gravity crude, thus stabilizing the market: On
the other hand, IF Texas, Oklahoma and Kansas do not toe the
mark, they will, be summarily spanked and put on the figura-
tive “bread and water.”
Hurrah for $1.11 crude for the North Texas area, .and we
hope the producers obey orders and thus speed stabilization. But
we doubt that much of the gamble will be removed with price-
fixing, It’ will be a great thing for the producer and royalty
holder to*know just how much he will get for a barrel of oil
of known gravity once he gets it out of the ground and ready
for the pipeline and no one thing could do more for the oil
business as a whole but as to removing the element of chance
that would take all the glamour and romance out of the game.
In fact, it would make the oil business prosaic, and the -south-
west will resent that. There will still be pitfalls. There is
water encroachment, per well allowable, overhead, depreciation
of equipment, and 57 varieties of taxes beside the labor bill.
The new high price is a wonderful boost but there is still enough
risk for the operator to make it interesting.
Better times are not just coming. They are here for the
oil business if the producers themselves will play the game ac-
cording to rules and not jaw the umpire.
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' S/App r oximaiely - 3,000: people .wit-
nessed!^ the, humiliating 38-6 ^defeat
of
nab1 Indians;" Friday mgfitj^on; the
local--’gridiron^ ■ Included ‘ in the '-mass
of spectators were, some: 500; ;Indian
supporters, bolstered - hy /their „ band,
that' came on a '.specialtrain’. and
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LETS BOOST IK)WNS PARTY OCTOBER 25TH
The Arlington Downs excursion is one of the most ambitious
projects undertaken by the Electra Chamber of Commerce in re-
cent years, but one in which it is assured success. The Wag-
goner interests are Electra’s interests. The fact that the racing
stables were first established here, then moved to Arlington,
makes us a bit jealous of the Downs prestige which might have
been Electra’s had circumstances been different. As it is, we
have only best wishes and congratulations over the realization
of long cherished dreams of the aged horseman, W. T. Waggon-
er, and we feel that the excursion to the Downs on October 25th
will be a fitting time to celebrate with him and his sons.
Electra has every reason to boast of the success and the
vastness of the Three-D interests here. The Waggoner refining
and oil producing industry is of major importance. In fact, If
we should be deprived of them we would suffer as a town and
as an industrial center. We are glad of the opportunity to see
one of the most wonderful racing plants in the world and of
the chance to see the kings and queens of the turf perform.
Let’s make it the biggest and best party Electra has ever at-
tended away from home, and see to it that a representative del-
egation > fills the Electra section and cheers the Red, white and
Blue, the Three-D colors, on Wednesday, October 25th.
by automobile. - Pep squad represen-
tatives of 'both teams presented
stunts * between halves. • The Electra
pepsters, attired in their new red
corduroy -dresses with white acces-
sories and under the direction of
Miss Ethel Varnell, at least, out-
shown the Quanah backers.
-The Tigers dealt the Braves plen-
ty of 'damage in the first half,'-
being ■ only one touchdown - behind
and making 7 first downs to their
opponents 6. 'Removal of injured
linesmen in the last of the third
quarter tore down all resistance,
and they were smotherel under” a
volley of touchdowns by the Indian
backfield.
Thp Quanah backfield, composed
of Wells, Hall, Wheat and Newton,
clicked to precision in the last half
and scored four touchdowns in the
one period. Folsom and Franz did
a good job in the invaders’ forward
wall.
Boutwell was the only Tiger ball
carrier that could gain consistantly
and he was timely aided by Minton
and Fischer. Cryer, Blakely and
Hall did well in checking the op-
position in the early part/ of the
game but were unable to stand the
strain all the way.
The Indians scored first and in
the first few minutes of play when
they recovered a fumble on the
Electra 35 yard line. Two first
downs carried the ball to the 4-
yard stripe and passed on the
fourth down for the counter.
Not to be outdone, the Tigers
took advantage of a fumble soon
after and marched from the Qua-
nah 32-yard line across the final
marker with Boutwell carrying it
over. The remainder of the Quanah
touchdowms w’ere made by Hal),
Wheat, Newlotn and Wells 2, and
added two extra points.
FT .FC TRA
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ELECTRA? TEXAS
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FINANCIAL STATEMENT
v.
OCTOBER 17/1933
RESOURCES
W'
'; '*->%• * $vs*
Loans and Discounts______________________$135,526.64
Building ________________________'__________ 12,000.00
x*-
Rocky Point P.-T. A.
Elects Officers
Rocky Point P.-T. A. gave a pie
supper at the school auditorium last
Tuesday evening which wfas a grand
success. An interesting program
was presented. This included music
by Messrs DeCamp and Hart. Four
girls, Beulah Harris, Maxine Bow-
ery, Ardella Roberts and Pauline
Hunter, gave a playlet. A song,
“Petting in the Park,” was sung
by Pauline Hunter and Ardella Rob-
erts. Mrs. Grover Johnson of Wich-
ita jFalls made an interesting talk
on “Why A P.-T. A.”, after the
program, Mrs. H. E. Peeples w*as
elected president and Mrs. C. Rob-
erts treasurer. They are to fill the
offices vacated by Mrs. P. J. Weav-
er, former president, and Mrs. S.
Y. McAllister, former treasurer.
Mr. Beecham proved to be -a very
successful auctioneer in selling pies.
A total of $18 was realized from
their sale. The proceeds are to be
used for the school.
Mr. and Mrs. A. L. Williams spent
the week-end at Denton visiting
their daughter, Miss Golden, who
is a student in College of Industrial
Arts.
PROFESSIONAL
—Dirtctort—
Insurance
Dickey &
McGann
“Health” Is Topic
At P.-T. A. Meeting
“The Relation of Health to Char-
acter Building” was the theme
stressed in the meeting of the
Thompson Ward Parent-Teacher As-
sociation Thursday afternoon at the
school auditorium. Mrs. W. R. Skin-
ner, president, presided and* she led
the opening prayer. Reports were
heard from the organization of a
study group, and Mrs. R. D. Cun-
ningham, study group leader, re-
ported that “Living together witn
the family” was the subject dis-
cussed in an ineresting group meet-
ing Tuesday. Mrs. W. M. Austin
reported on the recent meeting of
the county council of Parent-Teach-
er Associations.
Mrs. Cunningham read a splendid
paper on “Health,” and Mesdames
Jere Barnes, Cunningham and R. F.
Sehmann were hostesses in serving
refreshments to approximately fifty
members and guests during the so-
cial half hour. “
H. B. Scales and other farmers
in the iiorth Electra area reported
theft of cotton from wagons left in
fifelds during the past week.
- '■■■'■£*i?-.
Furniture and Fixtures_____‘_______________ 1,500.00 v_ ^
Acceptances ______________________________ 17,776.87
Cash in Vault and Due from Banks__$166,119.97 , .
Liberty Bonds __________________ 50,500.00
State Warrants ______T__________ 20,371.26
TOTAL CASH________________________ 236,991.23
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- $421,794.74'
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RESOURCES
Capital Stock______________________________$ 35,000.00
Surplus ________________________________ 7,000.00
Undivided Profits ________________________ 7,118.54
DEPOSITS________________________________ 372,676.20
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$421,794.74
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Car Is Stolen And
Four Are Fined For
Reckless Driving
A Chevrolet sedan belonging to
W. D. Cross was stolen from the
garage at his home on West Sum-
mit avenue last Wednesday nite be- j wiV charged’only $JA5o7judg“e* Coff
man reported.
tween 8:30 and 10 o’clock. Officers
were notified but no trace of the
car had been found last week.
Constable O. E. Whisnand and his
force arrested four men here Wed-
nesday night on charges of reckless
driving. All pleaded guilty in Judge
W. H. Coffman’s court*. Three were
assessed fines of S15 each and one
Child Is Bitten
By Rattlesnake
Ella Mae, eight-year-old daughter
of Mr. and Mrs. J. L. Edwards who
live on the Magnolia lease west of
town, was bitten on the right ankle
by a rattlesnake, Saturday after-
noon while playing in the yard at
her home. The snake was killed
by members of the family and the
little victim was rushed to Parmley-
Ogden hospital where anti-venom
serum was administered. She re-
mained overnight at the hospital
and was then taken to her home.
Dr. W. H. Ogden reports that she
is recovering nicely.
B0-SANNI
TEA
Reducing Agent
Par Excellence
REDUCE
A SAFE, SURE
PLEASANT WAY
^Prepare and Serve as Tea”
ALSO A SPLENDID
HEALTH-BUILDER
GOLDSMITH’S DRUG
STORE
Constipation 6 Years,
Trouble Now Gone
John J. Davis had chronic consti-
pation for six years. By using Ad-
lerika he soon got rid of it, and
feels like a new person. Adlerika is
quick acting—safe. Tarlton Drug
Co. adv. ‘
Ru-No-Ma
for
RHEUMATISM
DON’T SUFFER
Positive Relief
in
RU-NO-MA
ONE TRIAL
CONVINCES
GOLDSMITH’S DRUG
STORE
Mr. and Mrs. Johnnie .; Brown,
Misses Loma Lee and Muriel Rich-
ardson and Mildred - Jean Horn;
Messrs. Otto Hardcastle,’ Elmez* Rat-
cliff and Wheelis Cooper;. • Mr. and
Mrs. C. L. Aven' Jr., of • Vernon;
Messrs. Bill, Roy and James Rob >
were among the Electra contingent
which went on the excursion to the
State Fair at Dallas, Saturday
night, returning Monday moraing.
Good Used Cars
*
1 STUDEBAKER SEDAN, 6 Wire Wheels; fender wells;
in good condition; looks extra good, and runs perfect.
1 CHEVROLET TRUCK and TRAILER, with cotton bod>.
1 MODEL T FORD COUPE.
J. F. Robertson Auto Co.
215 North Main St.
Phone 603
Buy Them in
Cartons of Six—
6-60’s - 60c
Here you are—60-watt General Electric lamp bulbs for a
dime apiece. There’s absolutely no need to let sockets stay
empty any longer—fill them all up with these high-quality,
low-price globes.
lEXAS
Service
w CTBJ C
f Company
Easy IRONING
It’s been quite awhile
since we said much about
automatic electric irons
but these new ones are so
good we just can’t keep, it
to ourselves: We want to
tell you they’re better
than ever, prices are low-
er than usual and we
think you need one.
Come in and look them
over.
Other Models 1
as Low as $¥.95;
Convenient Terms
Perfect Time Electrically
Here"*s the answer to the
*T wonder if that’s the
tight time?” question-^—
electric clocks are tKe last
word in timekeepers and
when they say it’s. 10
o’clock, it’s 10 o’clock
New styles are more at-
tractive than ever-^-and
there never was a finer
gift. Let us show you
these we’ve just received.
Other Models
as Low as $3.95
Convenient Terms
Texas -
Service 1
rCJMC
! CbMPANY
10-3C
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The Electra News (Electra, Tex.), Vol. 27, No. 7, Ed. 1 Thursday, October 19, 1933, newspaper, October 19, 1933; Electra, Texas. (https://texashistory.unt.edu/ark:/67531/metapth892777/m1/2/: accessed June 28, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; crediting Electra Public Library.