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Newspaper
Cheyenne State Leader
Location
Cheyenne, Wyoming, United States of America
Date
Mar 14, 1918
Page
5
Henry Clews analyzes wartime effects on securities with cautious optimism. He notes the war boosts American investment power, ship construction, and Liberty bonds, while anticipating the April launch of the third war loan at about 4 percent. He discusses price pressures, liquidity shifts, and the overall favorable long term outlook for US securities.
Washington reports a shortage of skilled farm hands but ample potential in boys ages 16 to 21. The United States boys working reserve mobilizes youth via schools and farms to supply labor, with states shortening terms and extending six day weeks to have boys ready for farm work this season. Detroit coordinates teacher support to supervise boy labor on farms.
Combined figures from 63 industrial corporations show 29.92 percent earnings on common stock for 1917, compared with 31.37 in 1916. Analysts expect the market to stay linked to war developments with a cautious investment stance and potential for higher prices.
In Manville Wyoming on March 13 the preliminary hearing for Phelps charged with assault with attempt to kill began before Judge Kearns. The county attorney insulted the judge and tried to sway the court, failing to secure an acquittal. The judge adjourned to March 27 and offered to resign if a new prosecutor was appointed, which was accepted to prevent a repeat confrontation.
A Thermopolis school board meeting heard teachers petition to extend a full week of classes for the balance of the term. The board approved sessions for grades four and up to close the year fifteen days early as a wartime measure to aid farm work.
A public service commission hearing on rates for all departments of the fire fishing of power and light in Casper is in the district court room this afternoon. The session, led by KR A Forsyth and H J Gates of Cheyenne with A Floyd as secretary and Anna O Connor as reporter, starts at 2 p.m. and may run late as the panel reviews expenses and determines a fair price for Naboon company’s power.
Washington report details December 1917 visible wheat stocks about half of December 1916, with fluctuations in flour stocks and regional holdings. It notes 660 million bushels of wheat produced in 1917, compares Aug 1917 flour stocks to prior years, and cites state leaders Minnesota California New York Pennsylvania as top wheat and flour stockholders with millions of bushels and barrels.
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