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Newspaper
Lawton Constitution
Location
Lawton, Oklahoma, United States of America
Date
Nov 23, 1955
Page
10
Chicago based Sears, Roebuck and Co chairman Theodore V. Houser warned that excessive installment buying could depress the economy in 1956. He noted Sears' installment sales have climbed by 80 million dollars so far this year, signaling broader credit expansion concerns.
The largest Tuesday hog shipment in four years, numbering about 131000 hogs at 12 major terminals, pulled prices down 25 to 50 cents per hundredweight. Top prices touched 12.25 at Chicago and Indianapolis and 12.50 at East St. Louis.
Maj James A. Dunn The Artillery and Guided Missile School Printing Plant executive officer retires Nov 30 after 28 years in the Army. He served at Sill much of his career, enlisted in 1923, and saw World War II and Korean War service. He and Mrs Dunn will settle in Lawton with son Sfc James B Dunn stationed in Korea.
The Agriculture Department ordered a 0.25 percent rise in interest rates paid to banks for price support loans on 1955 crops. Banks will charge farmers 3.5 percent, while farmers will not see the increase pass through. The move aligns with higher short term borrowing costs. Also, Mayor Wagner announced the first U S world trade fair for April 14 to 27, 1957 in New York, to be held in the new Columbus Circle coliseum.
Fort Sill notices list multiple November births to military families. Entries include sons and daughters born to Lt. and Mrs., SFCs, sergeants, and privates across various units such as 97th Army Band, 522nd Inf Bn, 36th FA Bn, 587th FA Bn, and 692nd FA Bn. Dates span 15 to 20 November with parental and unit details.
Washington report says the Federal Reserve Board announced that its Dallas bank would raise its discount rate 1/4 percentage point to 2.5 percent, completing the year’s fourth move to curb credit as banks nationwide follow with higher borrowing costs. Credit had been rising, spurring action to guard against inflation.
A public health discussion reports that experts estimate between one and two percent of people have mental retardation. The remark highlights the prevalence and informs clinical and social support considerations.
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