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Thursday, September 19, 2013

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Jeweler founded shop by chance

BY PHIL MULKINS
World Business Writer

ONG
FROM E1

and payment, price, corporate citizenship, communications, customer service and eld service. The study found that gas companies are communicating more e ectively with their customers on the energy-savings programs that are o ered. We believe our customers are embracing our energye ciency programs, said ONG spokeswoman Cherokee Ballard, who noted that ONG is thrilled and honored to receive the honor for the second time. We attribute a lot of that to the fact that the Oklahoma Corporation Commission has authorized us to launch the energy-e ciency programs and keep it going for another three years. We think its a great way to educate Oklahoma on the benets of natural gas and the rebates we o er. Ballard said ONG o ers rebates on the purchase of new, natural gas dryers and water heaters and even a $30 rebate on 27-point plumbing inspections. In some cases, thats more than half of what that would cost you, Ballard said. Lower gas prices are also credited with the increase in customer satisfaction with the natural gas industry. The company reports that customers are paying an average of $75 a month, which is down from $78 in 2012 and $98 in 2009. Monthly gas bills are the lowest weve seen in years, and the gas utility companies are e ectively communicating with their customers regarding conserving energy and saving money, said Je Conklin, senior director of the energy practice at J.D. Power, in a statement. Thats the perfect recipe for higher satisfaction. Companies like ONG in the large utility segment serve 400,000 or more residential customers.
Susan Hylton 918-581-8381
susan.hylton@tulsaworld.com

Ernest Moody Jr. got into the clock repair business in 1944 at age 19, and traveling jewelry salesmen set him up with enough stock to expand his shop into a edgling jewelry business that 70 years later is one of the nations leading independent chains. Thats the origins of the business as described by his son Kevin Moody, who today is president and CEO. Ernest Moodys parents had moved to Picher in far northeast Oklahoma in 1926 to start a steam-powered laundry that served the lead and zinc miners there. But the Great Depression hit their business hard and it folded, so the family returned to Tulsa when Moody was 4. Over the next 10 years his parents su ered illnesses, and Ernests father died when he was 14. As a junior in high school, Moody spent much of his time pulling a wagon around the neighborhood picking up neighbors laundry for his mothers

Ernest Moody Jr. stands in his shop, a rented building at 1130 S. Harvard Ave., in 1945. Courtesy

laundry business, which brought in just pennies a day. They had an alarm clock that he needed for getting up on time for school, and one day it broke. She sent him with the clock to Gilmores Repair Shop on North Lewis Avenue, but having no money for the 50-cent spring it needed, Moody took the part-time

job that Mr. Cupples, owner and chief repairman at Gilmores, o ered him as a way to pay o the repair. Working after school, Moody xed his own clock and learned the watch repair business. He continued this job for years, developing a love for clocks and repairing them. Moody contracted tuberculosis when he was 17,

and when his Tulsa doctor couldnt help him he underwent experimental treatment at a U.S. Army hospital in Colorado. One of his roommates there was also a watch repairman, and during Moodys 18-month recovery they joined forces to form a hospital watch repair service. Surviving TB, Moody returned to Tulsa to resume

his education at Rogers High School, where he learned he had received a Cornell University engineering scholarship. This would have qualied him to move into an emerging technology eld that interested him keenly television. But fate would not have it that way. When Moody excitedly hurried to the repair shop to tell Mr. Cupples of his good fortune, the owner congratulated him but dropped a bombshell that would change Moodys life. Cupples told him he had to give up the shop and move out of state to care for an ailing family member, but he wanted to sell Moody the business. Moody said he had very little money just $106 his mother had saved for him. Cupples shook his hand and said, Sold! Moody changed the shops name to Moodys Time Service, and later added gems to its inventory. It was 1944 and Moody was 19. His store Moodys Jewelry proved to be as durable as the diamonds it has sold through the years.

MOODY
FROM E1

ing situation they look for work to do just to keep themselves busy so they dont have to su er through thoughts of the loss. Our sta pulled together as they knew it was going to take extra e ort on their part to keep the ship upright and stable and did a champion job. The company is as strong and vibrant as its ever been, Moody said. He said all seven locations 12th Street and Harvard Avenue, 71st Street and Lewis Avenue, 51st Street and Sheridan Road, 68th Street and Memorial Drive, 71st Street and U.S. 169, Utica Square and 145th East Avenue and 71st Street in Broken Arrow are as strong as theyve ever been with projected growth for the future. Utica Square Moodys manager Mike Guillory said in his 19 years with the store

hes sold betrothed their wedding rings and years later sold their kids betrotheds their wedding rings. His favorite duty is guiding those who have no idea what they want to nding something sparkly they cant do without. Customers have an idea of what they want and it is usually diamonds in white gold, an item becoming more and more popular. What is really catching on now is the Henri Daussi cushion cut diamonds (cushion describing the outer shape of the diamonds). Its cut helps it disperse 30 percent more light meaning a 1 carat stone looks like a 1.3 carat stone, Guillory said. Moodys continues to grow its line, adding three major production expansions in the past few months. We have seen a lot of strong interest in the last two years in rare colored gems, Kevin Moody said. We had really been driven by white diamonds and ne watches over the last few years but

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our customers had been telling us they missed the big color pieces so we inventoried two, huge new color collections one fancy colored diamonds: pink, blue, yellow, cognac, champagne, that full range. Yellows lots of the intense yellows. Moody calls it the Fantasy Collection on display at the Utica Square and Woodland Hills stores. The second collection, called the Royal Gem Collection, brings back gorgeous large ruby, emerald, sapphire, tanzanite and alexandrite. Its really fabulous to see exciting, large, rare, genuine gemstone pieces back in the store, he said. The Royal Gem Collection is on display at

Moodys 51st and Sheridan store combining rare fancy diamonds and precious colored gemstones. Moodys third major expansion is the Tacori diamond bridal line. Tacori designs fuse classic elegance with modern inspiration, Moody said, creating some of the worlds most highly regarded, exquisite jewelry. Tacori is widely regarded as the most sought, ne diamond bridal engagement ring. We have them in our 71st and Lewis and 68th and Memorial stores and in another month will have them at Utica Square as well. Oh yes, Moodys still sells watches, a favorite line of Ernest Moody IIIs, his brother noted. The stores successfully added Rolex last year and

also feature Brietling, Omega and Tag Heuer. All told, we have 20 of the industrys biggest brands were still watch dominant, Kevin Moody said. Moodys is still brick and mortar but has increased its Internet presence connecting with shoppers around the nation and world. The majority of business, now as always, has remained regional in nature. Oklahoma, Arkansas and Kansas people drive all the way here to visit our Tulsa stores, Moody said. We are passionate about the jewelry business and love helping clients nd special pieces of treasure for their loved ones.
Phil Mulkins 918-699-8888
phil.mulkins@tulsaworld.com

CD ANNUAL YIELD
E ective Sept. 18 from Tulsa bank and S&L institutions.
American Bank & Trust American Heritage Bank ONB Bank Patriot Bank Security Bank Tulsa Federal Credit Union 6 mo. 0.30 0.50 0.50 0.50 0.50 0.50 12 mo. 0.40 0.60 0.60 0.60 0.60 0.60 18 mo. 0.55 0.75 0.75 0.75 0.70 0.70 24 mo. 0.75 0.95 0.95 0.95 0.95 1.00 36 mo. 0.95 1.10 1.15 1.15 1.15 1.35 48 mo. 1.21 N/A 1.30 1.30 1.25 1.55

APPLE
FROM E1

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stand app can now be banished into a folder as well. iOS 7 marks the debut of iTunes Radio, Apples take on streaming music a la Spotify or Pandora. Its got a dedicated button on the bottom of the music screen. I havent had much of a chance to play with it yet, but Ill relay more impressions in a future blog post. Safari, Apples Web browser, can now pull up as many tabs as youd like, and theyre now displayed in a Rolodex-style carousel. A single option button allows you to share Web pages over message, mail, Wi-Fi or social network, as well as add information to a reading list, bookmark and more. Additionally, searching and Web address entry can be done in the same window. If its not a Web address, your entry will go into the search engine of your choice. Wall Street for months. It was widely expected the Fed would cut back on its bond buying at the September meeting. Tom di Galoma, a bond trader at ED&F Man Capital, said he was completely shocked that the Fed decided to wait. Some investors advised caution, even as the stock market hit all-time highs. While the Feds decision is positive for the market in the short term, investors need to take a step back and consider the idea that maybe the U.S economy is on weaker footing than we originally thought, said Marc Doss, regional chief investment o cer for Wells Fargo Private Bank. Bond prices also rose sharply, sending yields lower. The yield on the 10year Treasury note fell to 2.68 percent from 2.87 percent a minute before the Fed released its statement. It was a rush into bonds not seen since October 2011. The yield on the 10-year Treasury note is a benchmark for many kinds of lending rates, including home mortgages. Investors said there were two reasons why bond prices jumped Wednesday. First, since the Fed decided to keep up its bond purchase program, it keeps a big buyer of bonds in the market. Also, the Feds lowered economic outlook gave traders another reason to seek long-term safety in their portfolios. As bond yields plunged, investors snapped up stocks that tend to pay

tions and apps such as Wi-Fi, airplane mode, music controls, the calculator and compass. Theres even an overdue ashlight function. Notications still slide down from the top, and include a missed lter for things that come in when the phone isnt in use. Spotlight search is now accessed by sliding down anywhere on the phone except for the top, which takes some getting used to. Oddly, Web searching has been taken out; you can only search for things loaded on your phone. Multitasking has gotten a boost, with thumbnails appearing above each app icon. Apps seem to resume much faster from the multitask list, and you can now close apps by inging the thumbnail upward. Since Ive downloaded far too many apps, I appreciate the fact that individual folders can now hold an innite number of them. That pesky News-

Apples stock camera app is still pretty basic, especially when compared to many Android phones, but it now o ers a few lter options and support for rapid-re shots for action pictures and slow-motion for video. Photos can now be arranged by location or date. I especially like the function for dates initially theyre separated by day, but a tap instantly groups them into multiday moments, and another arranges them by year. The calendar also glides from week to month to year views in a similar way. Theres a host of other changes youll actually notice an optional male voice for Siri, automatic app updates, condensed email options, app recommendations by location, additional weather information, automatic music playlist selections and more. Theres always the danger that iOS 7 could have an annoying bug or two pop up, but other than that theres little downside to downloading it. Apple has created a polished, convenient, intelligently designed upgrade that will make your old iPhone or iPad feel like a new device. richer dividends, such as utilities. The Dow Jones utility average jumped 3 percent, its best day in two years. Stocks of home builders also rose as investors speculated the Feds pledge to keep interest rates low would continue to benet the housing market. Pulte Homes, Hovnanian and Toll Brothers were up more than 5 percent each, while D.R. Horton jumped 7 percent. The price of gold jumped $55, or 4 percent, to $1,364 an ounce. In June, Fed Chairman Ben Bernanke laid out a possible timetable for easing up on the bond purchases, and pledged to end them by the middle of 2014, if the economy continued to improve. The Feds next meeting is October 29-30, another opportunity for the central bank to start reducing the program. Wells Fargos Doss and other investors said the Fed might be waiting to see what happens in Washington, D.C. in the coming weeks. A debate over the debt ceiling and a showdown between Congressional Republicans and the White House over the budget looms. Bernanke probably kept the stimulus in place because he wanted to be certain the economy was ready to function without the Feds help, said Matt Tom, head of public xed income at ING U.S. Investment Management. Cutting back before the economy was ready would have been much more destabilizing to the market, he said.

Tulsa World Quotes are annual percentage yield for accounts with minimum deposits and are subject to change.

OKLAHOMA AGRICULTURE
Oklahoma markets
The state Department of Agriculture reported the following closing prices Wednesday. U.S. No 1 HARD RED WINTER WHEAT: Mixed, mostly .02 to .03 higher. 6.22-6.87. Davis 6.22, Manchester 6.67, Hobart, Shattuck 6.68, Alva, Bu alo 6.69, Banner, Cherokee, El Reno, Geary, Lawton, Medford, Okarche, Okeene, Ponca City, Temple, Watonga 6.72, Frederick 6.73, Perry, Stillwater 6.74, Clinton 6.75, Eldorado, Weatherford 6.78, Hooker, Keyes 6.87, Gulf 7.625. MILO: .03 to .05 higher. 7.16-8.19. Manchester 7.16, Weatherford 7.42, Keyes 7.44, Alva, Bu alo, Medford, Ponca City, Shattuck 7.60, Hooker 8.19. SOYBEANS: .05 to .06 higher. 13.0813.43. Alva, Bu alo 13.08, Stillwater 13.12, Hooker 13.28, Medford, Ponca City, Shattuck 13.43, Gulf 14.40. CORN: .02 to .03 higher. 4.31-4.84. Medford, Ponca City 4.31, Manchester 4.36, Keyes 4.82, Hooker 4.84, Gulf 5.18. CANOLA (CWT) 18.52-19.02. Red Rock 18.52, El Reno 18.92, Yukon 19.02, Apache, Dacoma, Enid, McWillie, Clyde, Hillsdale, Bison N/A. COTTON: Grade 41, Leaf 4, Staple 34 Cotton in southwestern Oklahoma averaged 83.00 cents per pound. EGGS: Large 1.25; medium 1.00; small 82 cents. Compared to last week: Feeder steers 3-5 higher, feeder heifers steady to 1 higher. Demand good for steers, especially those weights that will nish next spring. Steer and heifer claves mostly steady except for a few under 400 lbs 10 lower. Demand moderate to good for calves as many farmers are busy planting wheat. Quality plain through average, few attractive. Receipts this week totaled 63 percent over 600 lbs and 37 percent heifers. Feeder Steers Medium and Large 1 Calves: 350-400 lbs (387 lbs) 191-201 (193.58); 400-450 lbs (419 lbs) 191-203 (195.27); 450-500 lbs (468 lbs) 188.50192.50 (189.22); 500-550 lbs (512 lbs) 171-176.50 (173.11); 600-650 lbs (620 lbs) 150-165 (160.50); 650-700 lbs (666 lbs) 150-159.50 (156.69); Yearlings: 600-650 lbs (625 lbs) 166-169 (167.31); 650-700 lbs (680 lbs) 161-170 (164.16); 700-750 lbs (733 lbs) 156-167.50 (163.17); 750800 lbs (774 lbs) 152-162.50 (156.38); 800-850 lbs (814 lbs) 150.50-156 (153.64); 850-900 lbs (873 lbs) 148.50153 (150.35); 900-950 lbs(915 lbs) 143145.50 (144.56); 950-1000 lbs (966 lbs) 138.05-141.50 (140.45). Feeder Heifers Medium and Large 1 Calves: 350-400 lbs (368 lbs) 160-179 (176.39); 400-450 lbs (439 lbs) 155173.25 (171.60); 450-500 lbs (484 lbs) 153-165 (161.87); 500-550 lbs (517 lbs) 156.50-164 (160); 550-600 lbs (574 lbs) 153-158.50 (155.94); 600-650 lbs (625 lbs) 141-150 (143.86); 650-700 lbs (677 lbs) 138-146 (140.17); Yearlings: 600-650 lbs(616 lbs) 156-161 (159.01); 650-700 lbs (673 lbs) 150-156.50 (153.17); 700-750 lbs (726 lbs) 144-149.75 (147.33); 750800 lbs (776 lbs) 135.50-143 (138.65); 850-900 lbs (878 lbs) 137-137.25 (137.04).

STOCKS
FROM A1

Fed policymakers decided to maintain the central banks $85 billion in monthly bond purchases, a program that has been in place since December 2012. The bond purchases encouraged borrowing by keeping interest rates low and encouraging investors to buy stocks by making bonds more expensive in comparison. While the U.S. economy appeared to be improving, the banks policymakers decided to await more evidence that progress will be sustained before deciding to slow the bond purchases. The bank also cut its full-year economic outlook for this year and next. Stock traders shrugged o the Feds dimmer outlook and focused on the prospect of continued stimulus. The S&P 500 surged 20.76 points, or 1.2 percent, to 1,725.52, slicing through its previous high of 1,709.67 on Aug. 2. The Dow Jones industrial average jumped 147.21 points, or 1 percent, to 15,676.94, also above its previous record high of 15,658.36 from Aug. 2. The Nasdaq composite rose 37.94 points, 1 percent, to 3,783.64. The fate of the Feds stimulus program has been the biggest question on

Oklahoma livestock
The state Department of Agriculture reported the following prices Wednesday at the Oklahoma City Stockyards: Receipts: 7,694; week ago: 8,097; year ago: 8,841.

UNIONS
FROM E1

We were very interested in telling them about our strong support for the merger, Glading said in a telephone interview. We wanted to make sure they clearly understood how important the merger is to our jobs and our careers. We told them weve been in limbo too long. Baer and Deputy Assistant Attorney General David Gelfand were attentive and interested in hearing the union leaders views, Glading said.

Baers decision to sue wouldnt be a ected by pressure from workers, said Tyler Baker, co-chairman of the antitrust group at Fenwick & West LLP. Being open to hearing different opinions is something that he would want to do on a merger of this signicance, Baker said by telephone from Mountain View, Calif. It is conceivable that the union people would have information that would actually bear on the antitrust analysis. The combined airline would become the worlds biggest and keep Americans name and headquarters.