Weak Hog Market Outlook Forecast by Virginia Agriculture Dept
The Virginia Department of Agriculture warns of modest hog price softness in the next two to three weeks before seasonal decline. Supplies are set to rise 4 to 5 percent vs last year while pork stocks stay about 5 percent below 1963-64 levels. Slaughter should rise in Aug and Sep, cold storage is down, and broiler supplies are ample. Virginia prices in various markets range from about 24.75 to 26.50. Feeder cattle prices are seen improving this fall with state sales at Dublin and Winchester reporting mixed steers prices.
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Bank of Newport News to Take Over Crown Savings Assets
The Bank of Newport News seeks authority to assume Crown Savings assets after its 1964 collapse. FDIC runs Crown Savings pending transfer. capital provided by Holdin brothers stands at 200000, with 100000 to be retained. The bank plans to issue 10009000 shares at 10 dollars each and elected D W Morris as president.
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Inflation Pressure Grows For Businessmen And Housewives
AP analysis notes inflation clouding both businessmen and housewives as the economy nears resource limits. Monetary restraints and voluntary guidelines limited price rises but muted growth, while rising costs in food services and taxes clip incomes.
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New York
Turtle causes mystery kerplunk in Roach car
In Memphis a car noise baffled owner C B Roach. He ordered a mechanic to inspect until a turtle was found wedged behind an upholstery panel. The reptile had apparently nested there for about four months.
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Tenn
C.B
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Kerplunk
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