The cast iron pipe is in 10 foot lengths, with bell and spigot joints that are filled with oakum and then lead. That was the method used in 1965 when this was built. Today it would be mechanical joints (MJ). The Code required hangers at 5 foot centres. I would expect that there would be a hanger beside each joint (plus another mid-length between joints). I do not think that I would rely on the joint to take any significant moment.
It seems I am getting conflicting advice, so I better give it some further thought.
Hokie66 and Kootk: Under the scenario you suggest, how would you calculate what load comes onto the hanger? The soil is a sandy silt till with gravel, about 10 blows per foot, but changes to a very dense silty sand till of 60 blows per foot, at a few feet below the pipe (see attached 1965 soil boring).
(By the way, from the original design drawings, it does not look like the slab where the pipe is suspended was designed for anything more than the slab self weight and 50 psf classroom live load, but that is another issue. There is no sign of excessive deflection or any other problem with this 50 year old slab, so I am a bit doubtful that a very large soil load actually comes onto it from the pipe hangers, although admittedly it was designed by working strength design and I cannot see the actual slab surface to look for cracks).