Roanoke Times
Copyright (c) 1995, Landmark Communications, Inc.
DATE: WEDNESDAY, February 8, 1995 TAG: 9502090032
SECTION: BUSINESS PAGE: B-8 EDITION: METRO
SOURCE:
DATELINE: LENGTH: Medium
Virginia cattle numbers are on the rise, according to a January survey by the Virginia Agricultural Statistics Service.
Cattle and calves on Virginia farms were estimated at 1.75 million head on Jan. 1, a 3 percent increase from a year earlier. The fifth straight year of increases is not good news for farmers, who have seen prices plunge in past months.
Most of the current increase is in beef cows and beef heifer replacements, both up 6 percent from last year, the service said. Steers are up 5 percent to an estimated 160,000. Calves born in 1994 totalled 790,000, a 3 percent increase.
Low cattle-slaughter prices in 1994 caused farmers to hold on to older cows for an extra year and keep heifers and steers in hope of higher prices this spring, the service said.
Nationally, cattle numbers were up 2 percent as of Jan. 1 to 103.3 million.
- Staff report
Mitsubishi given to high school
Mitsubishi Motor Sales of America Inc. on Tuesday donated a 1994 Mitsubishi Galant to William Fleming High School for use by its automotive technology students. The car is the first vehicle with front-wheel drive components available to Fleming students, said Wayne Maddox, general manager of Holiday Mitsubishi of Roanoke, which arranged the gift. It is one of a series by the automaker and its dealers to high schools and colleges to update training equipment.
- Staff report
Signet to swap shares in spin-off
Signet Banking Corp., Richmond parent of Signet Bank, on Feb. 28 will distribute one share of Capital One Financial Corp. common stock for each share of Signet Banking common stock held by investors on Feb. 10. The action, announced Tuesday, will finalize the previously announced spin-off of Capital One, currently Signet's credit card operations. Beginning March 1, the companies will operate as independent corporations. Capital One stock will be listed on the New York Stock Exchange, as is Signet's.
- Staff report
Central Fidelity to buy branches
Central Fidelity Banks Inc. of Richmond said Tuesday it will acquire 14 branches in Northern Virginia of Household Bank, a subsidiary of Household International of Prospect Heights, Ill. Terms of the deal were not disclosed, but Central Fidelity said it would pay a market premium on all of the $465 million in deposits. Accounts are to be transferred in early June.
- Staff report
by CNB