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Newspaper
Danville Register
Location
Danville, Virginia, United States of America
Date
Aug 01, 1965
Page
11
The Danville market shows the week’s hog slaughter smallest in four years yet prices remain mostly steady. Veal and steer prices rise slightly from last week while spring lambs stay steady to higher, with overall markets reflecting modest gains amid weak slaughter totals.
In New York financial week wrap up the market fell sharply early but recovered after President Johnson outlined Viet Nam era defense plans. Draft quotas were boosted, defense spending expected to rise, though no specific totals were stated. July trading ended with a weekly gain and the month posting a best performance for the averages and volume.
Washington reports intensified training is planned for select priority units of the National Guard and reserves as part of ongoing defense readiness measures.
Viet Nam developments dominated the week on Chicago grain futures as prices eased from peaks after President Johnson's new military policy seemed weaker than expected. Soybeans swung widely with gains up to 4 cents, wheat up 2 cents, corn and rye mixed, and oats down. By week end, prices ranged modestly higher or lower across contracts with August soybeans at 2.77 4 to 2.81 4.
Officials announced Friday that Chicago grain guards and reserves will sharpen readiness for active duty as a precaution against possible callups to back regular forces deployed or slated for Vietnam. President Johnson has not mobilized reserves now but left open future use. Readiness training will likely include eight divisions and eight brigades in top priority, with possible added attention to Air National Guard and Air Reserves. The National Guard Bureau prefers to keep Air National Guard squadrons out of federal service.
Price activity on the New York Cotton Exchange showed little net change for the week. Active Dec contracts closed with minor moves amid a lack of cotton legislation developments, while the season’s supply near 13.24 million bales with about 9.28 million used. Public notice segments mix zoning and local sale items with various appeals and real estate offerings.
U S Treasury bonds fell slightly as the Treasury Department disclosed a 7.3 billion refunding. Corporate bonds were largely unchanged. The weekly trading showed 31 of 40 government issues down, seven up, while two were flat, with activity tied to the bond on a note basis. Priority Reserve units will undergo intensified training with new gear and increased weekend drill sessions, aiming for higher Army-standard qualifications.
Three bedroom brick house with large bulletin kitchen and two full baths. Includes family room in basement, near school and shopping center at 426 Westview Drive. Contact Lea A. Harley for details and payments. W 32635 W Kat Blanks Agency.
Artie Ray Burge 79, longtime AP teletype operator and maintenance man, died Saturday morning at Lynchburg General Hospital after a 25 year AP tenure. He joined AP in 1924 in San Antonio and worked for the Lynchburg newspaper since January 1930. survived by wife Julia McKenzie Burge and daughter Barbara Alice Burge.
A chimney on the South Main street elementary school building was hit by a lightning bolt twice. The first strike knocked out bricks and damaged the chimney, and a second strike days later caused further brick damage before repairs could be completed.
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