16 May 1917
Page 1
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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
May 16, 1917
Page
1
The note indicates that the maximum for grain futures has been removed from speculators. Details are sparse in the fragment, but the action affects market limits and trading dynamics for grain futures activities. Further specifics are unavailable in the text.
Chicago May 15 delegates from major grain exchanges including Chicago New York Toledo Winnipeg Minneapolis Kansas City Omaha and St Louis fixed a maximum wheat futures price and banned May options to curb speculation. They extended the embargo to July and September oats and corn and pledged further action if needed.
National and regional items are listed with brief alerts on court decisions, local government actions, and public issues including a tax bill fight, grain pricing, and new county formations. Noted items mention naval yard fires, submarine losses, and effects on tourism, plus civic developments like hospital plans and school construction.
Generally fair Wednesday with much cooler conditions east of the divide. Thursday should be fair with rising temperatures in the western portion.
London reports a favorable weekly submarine loss tally with fewer ships torpedoed and many ships escaping. Officials note intensified anti submarine activity aided by good weather and aircraft strikes, with more submarines sunk in the past week than the month before.
Petrograd reports the executive committee of the council of workmen and Soldiers delegates backed socialist participation in the provisional government by 10 votes to 4. Just before the resignation of the minister of war General Guchkoff, generals Alis Brassiloŭ and Gurke requested relief from commands on the southwestern and western fronts. Replacement choices for Guchkoff will be considered after his successor is named.
A five story brick building at the New York navy yard was consumed by a fire of unknown origin shortly before 11 pm. The blaze wrecked the receiving building and large quantities of clothing and supplies burned. Several navy prisoners in a guardhouse on the pier were moved to safety as the fire burned for about an hour.
Lieut. Melchior Eberts U S aviation corps was killed when his airplane fell during a flight at Columbus New Mexico. His companion James J Linsworth was injured but expected to recover according to his physician. A congressional bill increasing navy and marine corps enlistments and pay passed the house.
A long House debate on the revenue bill includes fierce fights over increased taxes and second class mail rates. Republicans push to replace with English excess profits provisions. Johnson and Young argue against taxing newspapers and free advertising costs.
The German offensives along the Lens to Soissons area are described as sporadic counter-attacks rather than a full spring offensive. Intensive fighting around Bullecourt saw four German assaults Tuesday with heavy casualties and limited British gains. French artillery clashes persisted with French positions holding. Italian forces expanded operations in Isongo with frontal attacks, and Venizelist troops aided French efforts in Macedonia, capturing and holding two works amid counter-attacks.
Washington May 15 The largest war budget in the nations history aggregating 3 390 948 000 will be taken up tomorrow by the senate and given the right of way until passed The bill already passed by the house provides for war expenditures of the army and navy and as increased by the senate appropriations committee today would appropriate 730 000 000 of which 40 60 000 would be immediately available for the shipping boards merchant fleet program The measure carried 2 827 500 000 virtually all for military needs of the war
Berlin May 19 The German chancellor Declines to state war aims or a peace program, citing premature timing and the need to avoid party pressure. He affirms general principles while resisting demands for a detailed plan, saying no party or faction will force his stance or alter the nation’s course.
The Montana Supreme Court sustains the 1917 act creating Carter and Wheatland counties, ruling that replacing a general law with special acts on county creation is a legislative prerogative. Justice Halloway writes for the court with Justices Lanner and Brantly in dissent or concurrence on various points.
Chicago May 15 A "business as usual" program urged by J Ogden Armour meat packer and Illinois state council of defense member argues swift adoption will sustain prosperity during war. He says the nation must keep high wages and full employment and cooperate with President Wilson to maintain national resolve and normal life while producing crops and goods.
Portsmouth May 15 shipping circles report Britain captured two flotillas of German submarines bound on a hostile mission to American shores. Seizure said to have occurred early in April but specifics of location and method were not revealed.
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