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Newspaper
Danville Register
Location
Danville, Virginia, United States of America
Date
Jun 27, 1965
Page
10
A cluttered Danville era page shows multiple real estate ads for brick homes, building lots, and trailers with prices and contacts. It also contains legal notices, zoning hearing schedules, and a New York financial market roundup noting the Dow Jones industrial average drop amid tax cuts and Viet Nam news.
A Chicago market scene shows a shopper stunned by rising Toasts steaks chops and hams as meat prices surge. The butcher offers little solace while prices are forecast to stay high or rise, reflecting years of market adjustments as hog and cattle producers cut back and government quotas stay off the table.
AP reports heavy bond financing in 1965 across federal, corporate, municipal and state sectors with near record volume. Treasury gains supported by Federal Reserve purchases while municipal yields rose to 3.3 percent, and the Dow fell about 5 points from May peaks as AP averages dropped sharply.
Chicago reports show major farm commodities strengthening in the first half of 1965. Corn futures stay above 1964 levels as prices average around $1.30 per bushel or more, aided by government supplies and a large withdrawal from storage to meet export and private bookings.
Domestic cotton futures were steady to firmer overall in New York trading. July 1966 deliveries led declines as bids were scaled down, while non-traded foreign futures held steady to inch higher. Government holdings fell by 123,000 bales, with a total stock near 12,209,000 bales split between the Commodity Credit Corporation and loan collateral.
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