Nice reel! It bears a strong resemblance to Ocean City's J.C. Higgins No.311.3171 and Striper King No.333, but with (what looks like) a narrower spool.
Paul Manuel was nice enough to send me the article on Macy's Associates reels written by Dr, Todd that appeared in the July 2007 Reel News. Thanks Paul !
The article confirms this reel was made by Ocean City, Circa 1956. It does not say which Ocean City model it is.