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Newspaper
Danville Register
Location
Danville, Virginia, United States of America
Date
May 04, 1966
Page
9
Treasury issues were largely unchanged with 25 flat, nine gains, six slips. NYSE volume totaled 10.75 million. Notable closings included Alc0a 3s of 1979 at 79 down 2, Erie Ss of 2020 at 374 down 1 and Ohio Edison 3s of 1974 at 86 up.
Standard and Poor's indexes show mixed results with industrials and railroads varying. Chicago potato market reports US shipmet demand and old-supplies moderate, prices steady to slightly weaker for Idaho russets and Red River reds, with Florida carrot round reds selling in 50 pound sacks at 2.75 to 3.00.
Losses widen in major commodities with rye and soybeans down more than a cent a bushel in spots. Corn shows narrow gains after early firmness tied to export demand. Soybean oil decline fuels speculative liquidation while wheat trades near standstill with mixed moves across May contracts.
Greensboro AP report notes Cone Mills Corp. leadership announced a rapid shift toward synthetic blends in department production. President Lewis S. Morris said first quarter output was 45 percent all cotton and 55 percent blends, marking Cone’s first move above the 50 percent threshold into synthetics.
Fifteen people from the Southern Pines area were docketed for hearings May 24 on liquor law violation charges. Judge J Vance Rowe granted postponement at the solicitor's request as more prep time was sought. ABC officers arrested the 15 in raids April 22 at about six establishments with charges including illegal sale of liquor.
New York AP reports cotton futures closed seven and a half cents lower per bale with May contracts at 29 cents a pound and bid slipping to 27.50 cents. The market showed light activity and only the May 1966 contract remained open. Government weather data noted varying planting progress across Texas Arizona California New Mexico Mississippi and South Carolina with rains delaying Southeast and Central Belt plantings and insect pressure rising in the Rio Grande Valley.
A letter compares political concepts by humorous cow metaphors for socialism communism fascism nazism capitalism and The Great Society. The piece cites Dewey Swicegood of Swicegood Funeral Home Danville Va and hints at a recurring column by Frank Swicegood next week.
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