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Newspaper
Lovington Leader
Location
Lovington, New Mexico, United States of America
Date
Dec 08, 1955
Page
7
An eight decade study shows money supply expanded thirteenfold from 10 billion to over 130 billion while real output more than tripled since 1910. World War II rapid credit growth raised demand deposits 33 to 100+ billion by 1946, funded by government borrowing. Postwar growth remains ~3 percent annually, aligning with output growth.
United Press notes a rising DIY home painting trend in the United States with the paint industry surging from 158th to seventh in 1933. Projected to exceed 150 million gallons annually, the movement spans all income groups and even pleases professional painters who see redecorating as a mood trigger.
President Hargroves and students from the Christian College in Dallas visited the First Christian Church in Lovington. Special music by the group included boys and girls quartets during the 11 o clock service. Rev Hargroves preached in Hugh Harris absence. The ladies provided dinner, and the group later headed to Amarillo where they would perform. One student minister stayed to lead the evening service.
About eight per cent more butter and thirteen per cent more margarine were bought for household use in April 1955 than in April 1954, reflecting increased consumer demand.
Hobbs youths Jerry Ray and Gerald Roy Murrell twins 17 enlist in the Navy. They live at Cities Service Camp and attend Hobbs High School previously. They are now at San Diego for boat training.
Advance inspection of table linen silverware china glassware and extra equipment reveals items to address before Christmas. This helps prevent embarrassment or a last minute rush that could distract from cooking the Christmas dinner.
The USDA releases its 1955 Yearbook of Agriculture a 72 page study on drought floods and water uses. It covers history water needs weather cycles cloud seeding desalting watersheds erosion irrigation and water laws. The yearbook is a congressional document distributed by Congress and sold for two dollars.
Pope Pius XII greeted pilgrims in several languages during his first general audience since returning to the Vatican. About 5,000 followers filled the Hall of Benedictions and 10,000 cheered in St. Peter's Square. A Vatican paper published the authentic version of his illness message from last December. East Berlin’s Communist paper derides the miracle claim as hallucination while denying Western reports of religion bans, though it concedes religion may fade in a Communist society.
Salif reports Joe Pica is employed as a printer in Santa Ana.
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