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Virginia Bond Sales
In January Highest
In Five Years
Traditionally the sale of Saw. ings Bonds in January are good it* Virginia. This was true 1 a at month when for the first time since July. 1956 Series H Bond sales exceeded a million dollars in the state; The sales of Series E and H Bonds together totaled $8,765,931, which was $326,915 more than the same month inl957., January sales were the highest for anv.monih since 1954.
Last month . for the first time Series E and ff Bonds were purchasable by all comers except banks that afccept time and demand
deposits. The ijedr classes of investors accounted;*for approximately $163,000 of Virginia’s sales.
- -— 1 1 ■ Weekly Farm, Price
Outlook .
_ STOCKER? and FEEDER
CATTLE
Prices on feeder and Stocker cattle should soon begin their pickupas grass season gets closer. The uptrend usually lasts until April and then flattens out for awhile.
Demand is strong, reflected in a $5 to $6 higher level than last year this time. Because of that higher \ level, improvement by April may not be as much as last year.
U. S. cattle inventories of January 1 showed all cattle down 1 . per cent from last year, th« second decrease in two years, which indicates we’re in the downtrend pf the cattle cvdle. Of these, beef cows show a 1 per cent drop.
Contra rilv, Virginia cattle numbers have remained steady since 1954. There was a slight drop last year—1 per cent—which' we regained this year. ■' ' v;
54.6%