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Newspaper
Lubbock Avalanche Journal
Location
Lubbock, Texas, United States of America
Date
Aug 11, 1957
Page
12
Multiple city homes change hands this week via J. W. Chapman and Sons, Billy Mepke Co., and Beacon Realty. Buyers acquire residences on 94th St, 17th Pl, 41st St, and 30th St with features like brick veneer, attached garages, air conditioning readiness, and fenced yards.
The notice details numerous new resident entries with names and addresses moving from cities such as Abernathy San Angelo Memphis Amarillo Shamrock Abilene Waco Seagraves and more. It also mentions recent home purchases and sales at several Amarillo addresses including 1520 38th St 3615 47th St 2318 6th St and 2818 6th St with features like paneled rooms air conditioning central heating and garages.
New York reports show construction machinery prices set to rise after a mid year pause. A survey of four firms finds three anticipate increases up to ten percent due to higher labor and steel costs.
Pacific Finance Coop vice president M L Goeglein says tight money shows no need for direct consumer credit controls. Lenders pick the best risks, ensuring financing remains available for buyers with good credit. State Farm agents Frank Campbell and Dan K Williams returned from a Dallas career club meeting recognizing top U S and Canada members. Albert Hugh Newsom Jr and Bill F Sims of Lubbock were elected to the American Institute of Certified Public Accountants, both with Edwin E Merriman and Co.
A local project aims to begin warehousing operations this week with an estimated cost of 25 000 dollars. The plan involves zoning and permitting steps before opening. Officials say the start will create jobs and boost nearby commerce.
Dr Thomas W. Rogers of the American Finance Conference cites the SEC report showing consumer credit remains manageable. Americans spent heavily in 1966 but saved more with $16.8 billion in securities purchases and $8.6 billion in cash deposits across savings banks and savings and loan associations. Total consumer financial assets reach $460.4 billion with liabilities at $126.7 billion, leaving net cushion of about $333.7 billion.
Plaza Apartments, built after World War II by Homer Maxey with government insured loans, were taken over by the government in the early 1950s and have operated since. The complex has averaged about 90 percent occupancy over the last 18 months according to the real estate office.
Paris August 10 France faces a severe housing shortage. The National Institute of Statistics reports 23 percent of young newlyweds live with in laws 12 percent in hotels or separate apartments and 80 percent feel badly housed. Sixty percent of those with relatives want better housing. Pat Longdown of Haslemere England has won four straight aviation squadron leader titles.
The Forrest Lumber Co and multiple builders began constructing homes across the city this week. Projects include a parsonage at 2207 Ave P costing 9000 dollars and a 921 square foot house at 2324 56th St with a N. wall furnace, among others.
London August 10. T. B. Rice, named principal of an English country school, described needed skills for his first year. He cited plumbing rural drainage electrical wiring and knowledge of the local dialect plus ability to scale ladders retrieve balls from the roof dig long jump pits direct traffic and perform other antics.
The board of directors declared a dividend of 35 cents per share on outstanding common stock. Payment is set for Sept. 5 to stockholders of record at the close of business Aug. 22.
A grand jury returned indictments against former officials of a trust company including Willis V. Lewis and J. Hugh Hope for mail fraud and related offenses under federal laws. Bench warrants were issued by Federal Judge Allen B. Hanting for all but Shoemake, with potential penalties up to 50 years imprisonment and $31,000 in fines on all counts.
A twin engine Beechcraft engaged in arson against sugar cane fields near Havana crashed on a highway and burned after flight, with Cuban air force intercept and refusal to land at Camp Columbia. second such incident reported.
Nees Beard of Waco was found dead in a park and Justice of Peace Vic Hall ruled he took poison. His wife Mrs. Beard drowned in a well last February 14 at Oaklawn community nearby. Beard left a note.
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