THE NENANA NEWS
Application ma de Octol^r 30, 1916, at the Postoffice at N’enaua, Alaska, lor
entry as second-class mail matter under the act ol March 2, 1S79, by The Xe- i
nana Printing Company.
Published Weekly by The Ncnana Printing Company
Day ok Publication Saturday Kditkd by R. G. Southwoktii. |
:
SUBSCRIPTION’ RATES:
Per month; by carrier.S 1.00 Single copies.Two bits
Six months, in advance .... 5.00 One year, in advance. 10.00
Ncnana, Alaska, Hay 12,1917
A new chapter in the history of
board of trade operations was op-,
ened this morning when the board i
of directors of the Chicago Board
of Trade ordered the market for;
May wheat closed and all sales
recorded at the close of trading!
yesterday to be taken up in cash;
at the closing figure of $3.18 a
bushel. The far-reaching effect of
this order is self-evident. The j
fact is well known that practically
every bushel of wheat, and in fact1
every sale recorded in board ofj
trade transactions, is handled on;
a time and point basis, and the j
new order will mean that the men j
who have bought the thousands of
bushels of May wheat, paying the
customary few cents per bushel to
hold it on a margin rise will have
to pay cash to the full value of
their holdings if they wish to cover
and will then be compelled to pay;
the storage and all other charges
on the wheat until such time as j
they can dispose of the cereal to j
the consumer. j
The logical result will be a wild
scramble to unload and this will
result in a forcing down of the j
price. Mav wheat is bound to;
lose its inflated valuation, and it
will carry with it all the other com
modities which reach the consum- s
er thru the exchange brokers.
The only regrettable feature of
the new condition is the disaster;
it will bring to the thousands of
dabblers in the market, many of1
whom have no doubt risked hard,
earned money or savings, or per- j
haps money to which they had no'
right, in the hope of taking advant-!
age of the phenomenal profits
which have been made in May
wheat in the past few weeks. No
sympathy should be felt for the
professional gamblers who will be
hit by the order, for they are only
getting their just deserts. There
is no justification in any man so
manipulating the market as to
make it pay him a profit of millions
in the short space of a few weeks,
such as was done by Joseph Leiter
on the Chicago board of trade thru
the medium of May wheat. The
law frowns on any form of gam
bling for money, and the punish
ment for such an offense is certain
and severe. The cards and stakes
are all on the table, however.
What an infinitely more heinous
form of gambling is this market
speculation* where the ultimate
loser is always the consumer, and
yet the law does not step in and
control these gamblers.
_
NEWS IN NEW HOME;
BIG PLANT COMING
The office and plant of the Nena: a
News was moved during the week to the
new building at the corner ot First and t
B streets, where the paper will-be issued
hereafter. The new building, which was
constructed under the direction of Theo
dore Thompson, was built especijlly for
the accommodation of a newspaper and
job printing establishment, and is suffic-.
iently lar..e to meet all the requirements
of Nenaua for many years to come. The
building is a one-story log structure,
well lighted and \vi.h foundations spec
tally designed to bear die weight of heavy
printing machinery.
The first boats arriving from Fairbanks
will bring much additional machinery for
the News, including a Mergenthaler type
setting machine, large cylinder press, job
press, folding machine and other equip
ment which will make tile plant of the
Nenana News as complete as any ami
larger than most newspaper plants iu
Alaska.
The shipment will also include a three
peal supply of newsprint paper aud a
considerable quantity of other paper,
more than a ton of which was shipped
over the trail last winter. When ilie
new things arrive the Nenaua News job
printing dspartment will be prepared to !
turu out any class of work from a full
sheet poster to an illustrated book.
CALL FOR BIDS.
Sealed bids will be received at the of
fice of the Alaskan Engineerin'' coin mis
sion, Nenaua, until 2:00 d. ni., May 19,
1917, for furnishing any or all of the fol
lowing items: Item 1—600 telephone
poles. Item 2—500 telephone poles. Item
3 —500 telephone poles. Poles shall be
25 feet long, not less than 7 inches at the
tip, nor more than 8 inches when i>ee!ed;
of straight, sound spruce, free from large
knots or sharp crooks, and so straight
that a line stretched from the center of
the butt to the center of the tip shall
nowhere be off the center of the pole <
more than three inches; all bark must be
neatly peeled; ends must be sawn straight;
delivery may be made at a specified place
in the delivery yard at Xenana, piled on
supports at least one foot above the ground
or at any point approved of by the Dis
tnct Engineer, on like supports, on the
right-of-way between Xenana and the
bridge crossing of the Xenana nver; pro
vided that not less than 250 poles are de
livered at Xenana. Delivery must com
mence not later than June 20th, and
must be completed by August 1st. Bid
ders must specify where they propose to
make delivery. Bids should be marked
o i the envelope, ‘ Proposal for Telephone
Poles.” Thomas Riggs, Jr., Member of
Commission.
At a recent meeting of the Nome city!
council that Ijodv conferred on the mayor '
the authority to pardon persons convicted i
of offenses in the municipal court, there
by raising a storm of protest from the
residents of the city.
George and Tim Vogel, pioneer resi- j
3Jilts of Haines, have organized the;
Haines Packing company and will build !
ind operate a one-line cannery at Chil
kat Inlet this season. They expect to
put up 25,000 caes jf fish this \ear.
DAILY PROGRESS OF THE WORLD WAR
MONDAY
Washington: It is estiinateil that the
government is loaning the Allies on an
average of :-4<X',<.XX> 000 monthly.
Paris: German counter attacks along
the enure French front during the past
24 hours have been repulsed. Since April
16th the French nave captured 29,000
German prisoners.
London: A report issued by the ad
miralty this morning states that the subs
are sinking six limes as many ships at
preseiit as they were during the first of ,
their ruthless submarine jampaign.
Paris: During the fighting Saturday
and Sunday the French forces captured
6iHX> German prisoners, and captured an
important position on the Ancre on the
northern crest of the Ailette valley.
New York: American and British ref
ugees arriving in this city front the prov
ince of Orientes, Cuba, state that negro
revolutionists are burning and pilaging
homes and proper y of Americans there.
Washington: A report to the state de
partment this morning statfs that von
Hinc.enburg scoffs at the enlrv of Amer
ica and declares that the Germans will
win before American troops can land isi
Flu rope.
Hlkbart, Ind.: As a result of brooding
over a defeat which he recently suffered
in congress at the hands of Jeanette
Rankin, congresswoman from Montana,
Col. Crull committed suicide at his home
in this citv last nite.
'
London: The 3400-ton Japanese steam-'
er Kirschimazouu Marti was reported by
the marine underwriters to’ have been
submarined off the coast of Africa this
corning. She was bound for Boston
with a million dollar cargo.
Washington: It was officially announc
e<i this morning that American troops ;
will go to France, but all particulars will
be withheld until they have taken their
place at the front. It is expected that '
the initial contingent will be of selected
troops.
Kansas City: In a speech delivered
during the visit of the French commis
sion in this citv Premier Yiviana said 1
that the sacred union between the United
States and France will not be dissolved
until German Imperialism has been de
stroyed and the peace of the world as
sured.
.
London: Advices from the British
headquarters in France state that more
than half of the German prisoners now I
being taken bv the French and British ;
are l>ovs averaging 19 years. Thev are I
convinced of the iiopelessnessof the strug
gle and freely state that the w hole A us- j
tro-German army would quit if they had
the opportunity.
Petrograd: An official order has lieeu
issued forbidding the Russian troops
from fraternizing with the enemy on the
Austro-Geruian frontier. It was reported
from the arm v headquarters this morning
that German forces are being withdrawn
rotn the Russian front and transferred
to die Western front to meet the French
and British offensive.
Washington: The navy consulting'
board announced that as the result of a 1
recently perfected invention which has j
passed all final tests and been accepted
by the government this morning the de- ;
struction of submarines and coast fortifi- ;
cations is now an assured fact. Thomas
A. Edison, president of the board, is giv
en credit for perfecting the invention.
Seattle: Chairman Edes of the Alask
an Engineering commission stated before
leaving this city for Anchorage that it!
had practically been decided to build a i
wooden bridge across the Tanana at Ne- j
uana because of the high cost of steel j
and the uncertainty of delay due to the
enormous demand. He also said: “We !
hope to lav more track than last year,
but scarcity of materials and slow deliv
eries may make it impossible to carrv
out our program. We hone to connect I
Fairbanks with the Matanuska coalfields
seme time in 1918.”
TUESDAY
Chicago: May wheat sold this morning j
at J2.85 1-2 a high record price. . j
Minneapolis: Fancy patent flour wa=
jnoted iu ;hi; city this morning at ;!5 a j
barrel, the highest price evir tecorded it: '
this city.
Waslington: President Wilson this
morning completed the proclamation for j
drafting recruits for service in Kurope.
Tile bill will go to the senate for final 1
passage.
I’.riston. Tern.: A minor explosion in !
the Itul’ont factory near this city last
nite resulted in the injury of a number
of persons and the destruction of several 1
buildings. i
Amsterdam: The kaiser this morning .
sent a message rf congratulation to the
Crown Prince at th“ front, the occasion j
being the latter's tllirlv-fitth birthday i
anniversary.
London: A lone German aviator flew j
over the northern section of this city last j
lute, dropping a number of bond s which |
injured one man and one woman and did
considerable prop-city damage.
Washin . ton: The naval •••'nsul'ing ;
t
board aunomi v l is niornt . i-> > t: o*e
than one milii n '•>:> of l: ; ; g lr\e
been- sunk !>v submarines in the tour
weeks ending last Satuidat.
l’.iirlianks: 'J he Fairview hotel was!
totally destrmi d by fire last nite. ])e-'
t i s a< to the origin are meager, but it
is reported that the dues caught fire due
to art accumulation of creosote, l'ractic- '■
ally nothing was saved
Washington: Dr. R. G. Martin. f<*r-;
tnerly in charge of the Alaska 1 ranch of
the Geological survey in the absence of
Prof. Brooks, lias been placed in permu- :
nent charge. Prof. Brooks lias been |
transferred to the army service.
Washington: On motion by Senator
Martin the senate went into secret exec
utive session this morning. Xoexplana- j
tion was given, i his is the first time in ;
the history of the United States that a
secret session of tile senate liaslieen held i
_ I
New York: While flying at an altitude
of two thousand feet over Hempstead
Plains yesterday Merrick and Slender,
two reservists attached to the aviation
corps, were plunged to their deatli ujicit
the gasoline tank on the plane exploded.
Paris: A report front the French war
office this morning slates that the Ger
man losses in tlieir counter attacks in
the ptjst 4h hours have l»een enortnous,
one instance taring cited in which a whole
hattulkm was annihilated l»y machine jjun
tire.
Washington: A bill now before the
house, and one which will probable pass
within a few days, proposes a tax ot two
per cent on all single men whose incomes
amount to jilOtlO a year or over, and on
all married men earning over *2000 a
year.
Home: A dispatch from Zurich this
morning states that an unidentified man
tired three shots at Kaiser Wilhelm while
he was motoring in the suburbs of Kerlin.
The stranger was struck by the tonneau
of the machine and is reported to have
b en seriously injured.
Petrograd: This city was given anoth
er and more concre'e warning this morn
ing of an impending German attack bv
wav ot I.lhau when an order was issued
by General Korniloff, commander ot the
city garrison, for the disposition of troops
for the defense of the city.
Washington; The war department is
formulating plans for the sending of nine
regiments of engineers to Fn nee for
service ou the communicating lines. It
is also reported that it is planned to
increase the engineer force ot the armv
in addition to the force for service in
France.
WEDNESDAY
Washington: —Secretary Daniels and
one of the highest ranking naval officers
met with the naval consulting board this
YOU HAVE FRIENDS
ywFui
in other sections of Alaska and
in the States who are as much
interested in Nenana and the
development of Interior Alaska
as you are.
Why not have The Nenana News mailed
to some of these friends? Save a lot of letter
writing and help build up the community in
which you live.
If you are in business, no matter
how limited may be the scope
of your enterprise, you require
Printed Stationery and News
paper Advertising to insure the
fullest measure of success.
Investing in Printers' Ink is now univer
sally recognized as THE Modern Business Re
quirement.
&