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Newspaper
Cheyenne State Leader
Location
Cheyenne, Wyoming, United States of America
Date
Sep 08, 1917
Page
15
Denver reports a light cattle run with no material price change though demand remains strong for good cattle. Beef steers and cows sold steady to higher while feeding cattle and stockers show fair demand. hogs and sheep markets are steady with premiums for packing demands and light supply.
Chicago September 7 hog receipts 7000 and market firm showing gains over yesterday. Bulk hogs bring 16.90 to 18.05 per hundredweight while light 16.45 to 18.20, mixed 16.45 to 18.30, heavy 16.25 to 18.36 and rough 16.35.
Oil quotations and bids appear for multiple firms including Merritt Oil Corp and Glenrock Oil with prices noted. Kansas City and Omaha livestock reports show hog and cattle receipts, market directions, and price ranges for native beef cattle, western steers, stockers, cows, calves, and sheep with specific figures.
Livestock producers meet with the food administration and the department of agriculture to discuss meat production controls and pledge cooperation with regulations. A 25 member committee oversees cooperation with officials, with J M Wilson of Wyoming representing meat shippers and Senator John A Kendrick representing livestock growers. Archie Eaton of Rawlins visited Washington on related business and may stay several days.
Work starts on a standard rig six miles west of Fort Bridger for Wyoming Consolidated Oil company. A second Utah venture, Western Oil, begins on section 23 near Spring Valley station. Both rigs target depths around 1200 to 1400 feet as Utah capitalists push Bridger Valley oil development.
Apportionment of 14.55 million dollars from government funds to aid rural post roads, announced by Secretary Houston for the year ending June 30, 1919. The federal aid roads law provides 20 million for 1920 and 25 million for 1921, with western state allocations listed.
The Senate approved the income tax section of the war revenue bill, drafting provision 4a to raise about 842.2 million dollars in new revenue from incomes. It would add 442 million from individuals and 260 million from corporations while resisting higher revenue requests from tax advocates.
Shiloh Oil and Refining completes the purchase of 2880 acres in Teapot Dome and 520 acres at Powder River Dome from Western Exploration for development. The deal spurs Western Exploration stock up to $2 a share as Shiloh’s plans draw on adjoining naval reserve land and are praised by geologists as premier undeveloped territory in Wyoming.
Yellowstone Brokerage plant opens at 127 North Second Street Douglas Wyoming with partners WM Avatin T P Anderson and WH Wynne. Mercantila Oil & Refining plans several wells in the Big Muddy field and near the city financed by old timers from Colorado Nebraska and Wyoming hoping for oil yields.
Dudley Field Malone the New York customs collector resigned in a letter to President Wilson. He objects to the president not pressing the federal suffrage amendment and to the imprisonment of women pickets. Malone notes his promise to back suffrage and resigns to devote himself to the cause. He is son in law of former Senator O Gorman.
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