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Newspaper
Fredericksburg Standard
Location
Fredericksburg, Texas, United States of America
Date
Aug 25, 1917
Page
2
Treasury Department message by Carl C. Van Dyke urges 38,000,000 Americans to save $5 monthly for twenty months to buy Liberty Bonds. It argues savings culture abroad and the tax exempt, secure bonds will boost national thrift and labor profits, calling on all to participate in the next issue announced by Secretary McAdoo.
W G McAdoo argues a comprehensive war insurance bill to support soldiers families, provide indemnities for death and disability, and fund re education. The piece stresses moral duty, civilian morale, and cost efficiency, urging Congress to act now to protect dependents and honor service.
Chicago August 21 hogs and sheep delivered a shock to the nation with hogs reaching $20 a hundred at the stock yards. Light butchers sold at the high level as wool producers and buyers discussed ways to boost sheep raising and prevent a textile crisis. Only one sale reached $20, but experts expect higher as the new hog crop nears. The surge reflects an unusual between seasons shortage, with Canadian buyers taking much of the early surplus.
Sea supply tight for fall as shortages hit the market. Since January 1 Chicago runs show 4,890,000 hogs against 6,471,000 last year for the same period, signaling weaker demand amid high prices. Western packing also low at 289,000 hogs for the week versus 389,000 prior week and 497,000 a year ago. Since March 1 total hogs 14,022,000, down 777,000 from last year.
Washington reports state a price for government wheat will be set Sept. 1. Committee has not agreed on a tentative price, likely above $1.65 per bushel. Focus on licensing elevators warehouses and data to base government grain price. A subcommittee may go to New York for separate headquarters.
Houston Post reports General Pershing to remain in command of forces in France while senior generals Wood Bell and Barry head U S training camps for three new National Army divisions drafted for France. If Pershing is promoted to lieutenant general or full general, Wood Bell and Barry would be in line for lieutenant general commands of army corps. Edwards Parker and Liggett, major generals not ranking Pershing, lead National Guard divisions ready to sail under Pershing’s authority.
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