TEXAS BUSINESS REVIEW Bureau of Business Research The University of Texas Vol. XVI, o. 11 December, 1942 A Monthly Summary of Business and Economic Conditions in Texas and the Southwest Bureau of Business Research, The University of Texas, Austin, Texas .lntcred as second class matter on May 7, 1928. at the post office at Austin, Texas, under Act of August 24, 1912 COMPOSITF INDEX Of BUSINESS ACTIVITY IN TEXAS ''0 "0 ')0 .. 0 ')0 "0 '' 0 ,J "'""­'00 ' -"80 70 1929 1930 t. c ' u 0 ' < I I & .. (. " I J / A 1932 1934 1937 1938 1939 t940 1941 INOC:X or EMPLOYMENT AND PAYROLLS IN T(XA,S 2~!---f---+-1,­.,-,,,L.-.,~,---l'---i----l--l--l----il---i----1--1---11 " 0l---1---+"'·­-;':.:".::;";_:c":..'.'~·---1'--+----1--1--l-l--l--+----l--l---ll '' o1---1---+-l--l---l---l--+--l--1--+--l--+-~-l-l-~I 0 101~+--t---l--f--+-+--l---l--f--+-+--+---A-/f--~I• / J 1929 1930 19)1 193219)1193.4 19J:.19J619)7 19381939 19401941 19421943 v I 0 I ·, ' .. ' ) 1943 or RUNS or CRUDE OIL TO :HILLS JN TEXAS INO(X or CONSUMPTION ELECTRIC POWER IN TEXAS 21of-+-+--J---!-~lf--f-+--+--+---l--f--+--+--+---ll 2>0l--+-+--~-!---11--l--!--~-+-l--l--+--~--l--ll ·~1---1--1---1--1---11--+--~--l--+--l--l--+--,Jll...-l--ll 2 'of-+-+--l---l-f--f--+--+-+-+---l--lr-·W--H-+-11 L.. ,, 0101--!--+-+-+-+-+-+--l.,,-.Jr+"\,.,-+--+-+' -+V.!.-1--I ·~t--+-+-+--t--t--t---+f.J-/l--;!--t--+-+--t--+--1 / INOtX or MISCL. rRtlGHT CARLOADING!) IN SOUTHWCSTr.:RN DIST I I I I I I I ::~ ~--'-"--_:--__:--__:--~-__:--_:--__:---I~-+e-i_,./J-+--1 90+-­1 +--+---'--t--1--+~--i---l---l -­eo · -~-1­.,,,.-J.'•\,~· ~-+--l---ll,,,...Jl---l--t ;~ ~¥.J\'M,./ ..., .,+ Z'J '9 '9)• 93.:' •9"'n*'..=,..9'.=,=i,i=,.=,.*',=,,"*,=,,*==1'=l.=,=,i=.,=..*_.,=,~) 230 "0 o90 .I 070 o>O r 0)0 "0 .1r--.90 ...,, INO(X or SALE:.S or TC)(AS OCPARTMCNT STOR(S o80 1---+--l--+--l---11--l---l--+-+-+-+--!--l--l--I I••0 l-+--l-+--+--+-+-+-l--l--+-+--t-·11t •o~.,.--1­, --1---1+--+--+--+--+-t--)+"J'-+--+­~i...--j+lw111~..1+--1 ' 00 .. ' f'w. -l--l--+--+---+-...,..4-"'-11.1'+'11-'i-+-t--•'I>, •) ... r ' •92919301931 1rq32193l1934193S 1936193 19 1939 1940 94 '94 19•3 .-- TEN CENTS PER COPY ONE DOLLAR PER YEAR NOVEMBER I DE ES OF BUSINES ACTIVITY IN TEXA I DEXES OF AGRICULTURAL CASH INCOME (Average month of 1930= 100%) (Av rngc month 1928-1932=100%) November, October, Novombor, Cumulative Income District 194,2 1942 19<11 1942 1941 (000 omiuod) Nov., 1942 Nov., 1941 Oct., 1942 Em pIoyment ------------------------------------134.l 110.8 132.1 135.3 200.4 1-N _______ 180.8 142.7 92.9 79,602 38,454 Pay Roll -----------------------------------209.8 Miscellaneous Freight Carloadings 1-S -------301.5 310.7 248.6 83,399 50,553 (Southwe t District) __ -----------------124.7 88.2 116.4 -----------183.0 2 222.0 214.2 112,884 85,898 Runs of rude Oil to tills -----------193.8 229.9 191.7 3 -----------247.6 197.7 119.9 46,579 26,848 ---------136.5 4 148.4 115.8 149,125 104,302 D partmcnt tore al s -------------148.3 113.0 145.1 on umpti n of Ele tri Power________ 242.3 162.3 220.2 5 -----------134.9 118.4 89.0 55,521 33,408 6 ----------293.<1 209.5 197.3 40,322 30,374 0111po ite -----------------------------------171.8 126.3 163.5 7 142.1 132.9 66,849 51,433 ------------208.8 8 ----------204.6 151.5 109.8 79,162 49,548 9 ------------384.6 216.3 240.3 60,175 36,443 10 ----------430.7 264.3 96.7 21,339 13,704 10---------560.7 399.6 222.9 45,024 23,311 COMMODITY PRICES TATE ----221.5 182.0 167.1 $839,981 $544,276 Nov., Nov., Oct., NoT&: Farm cnsh income as computed by thie Bureau understates actual fann 19•12 1941 1942 cash income by from 6 to 10 per cent. This situation results from the fact that means of securing complete local marketings, especially by t.ruck, have not yet been fully developed. In nddition, means hnvc not yet been developed Wholcsal Prices : U. . Bureau of Labor Stati tics for computiug cnah income from all agricultural specialties of local importance (1926= 100%) ---------------------100.3 92.5 100.0 in scattered arcus throughout the Stale. Thia situation, however, doe1 not impair the accuracy of the indexes to uuy appreciablo extent. Farm Price : U. . Dep't of Agriculture (1910-­1914=100% ) --------------------135.0 169.0 BUILDING PERMITS u. . Bureau of Labor Statistics (1926=100%) -----------------------------110.5 90.6 109.0 Nov., 1942 Nov., 1941 Oct., 1942 Retail Pri e : Abilene ---------------------1,750 $ 218,876 $ 6,195 Austin -------------------------14,133 433,637 26,383 Food (U.. Bureau of Labor Sta-Beaumont -----------------27,133 134,611 77,588 ti ti s 1935-1939=100%) ---------131.1 113.1 129.6 Big Spring -----------------5,088 11,181 8,879 Dep't tore (Fairchild' Publica-Coleman -----------------------450 9,750 0 tions, January 1931= 100%) ____ 113.1 107.5 113.l Corpus Christi ----------90,860 302,119 127,913 Cor icana -------------------750 3,500 455 •No1 n\•o. ilnble, Dallas ----------------------389,711 1,706,197 238,984 Del Rio ____ _ _______________ 2,003• 3,701 • t Deni son ------------------44-0 17,493 60 Denton ------------------------1,300 9,370 6,750 E l P a o ----------------------121,767 204,142 470,000 TEXAS CHARTERS Fort Worth ---------------147,937 311,086 341,012 Galveston ------------------20,317 90,161 19,351 Nov., 1942 Nov., 1941 Oct., 1942 Graham ----------------------0 3,730 0 Harlingen ------------------4,710 18,005 400 Dome tic Corporations: Houston --------------------196,899 1,178,341 168,036 Capitalization• ---------------176 926 $325 Jacksonville ----------------0 7,960 350 umber ------------------28 77 39 Laredo ----------------------1,970 1,275 2,700 McAllen -----------------------2,120 7,785 2,120 la ification of new corporations: Marshall --------------------7,093 23,172 9,986Banking-Finan e ------------------O 1 0 1idland -------------------2,805 41,250 2,251 Manufacturing --------------------5 9 5 New Braunfels ----------1,485 7,215 240 ler ·handi ing ---------------5 14 8 Palestine -------------------1,175 30,827 1,920 Oil _____ 2 Paris -------------------------2,185 89,050 65,482 Plainview ----------------260 12,074 0 8 2 Public ervice ------------------O 1 1 Port Arthur ------------------8,801 58,513 7,796Real Estate Building ----------7 26 11 San Angelo -----------------3,254 152,210 14,517Tran portation ---------------1 0 5 San Antonio --------------346,464 395,672 277,651 AII 0th r ___ -----------------8 18 7 Sherman -------------------6,103 21,201 11,541 umb r apitalizcd at less than nyder ----------------------0 t 3,170° 5,000 15 24 17 we twnter -----------------1,835 10,130 4,155 Tyler ____ ---------------------2,663 54,918 7,575 umber capitalized at 100,000 Waco --------·-------------139,896 107,093 124,871 or more ----------------------O 3 0 ichita Falls ----------·----58,148 127,425 64,903Foreign orporations TOTAL -----------________ $1,609,502 $5,799,969 $2,090,064 ( umber) -----------------10 33 20 •Not included in total. • Jn 1housands. fNot available. NoTE: Compiled from records of the Secretary of State. OTE: Compiled from reports from Texas chambers of commerce to the Bureau of Business Research. EMPLOYMENT AND PAY ROLLS IN TEXAS November, 1942 Eetima ted Number o{ P crcentago Change Estimn ted Amount of Percentage Chango Workers Employed* from from Weekly Pay Roll from from MANUFACTURING Oct., 19•12(1) Nov., 1942(2) Oct., 1942 Nov., 1941 l~~;ro ov., 1942(!1) Oct., 19•12 ov. , 1941 All Manufacturing Industries___ 162,165 160,178 1.2 + 3.0 4,325,258 4,354,866 + 0.7 +25.3 Food Products Baking -----­-----­Carbonated Beverages_ _____ 8,132 2,993 7,921 3,091 + 2.6 3.3 +13.1 -0.2 215,664 86,968 216,566 87,240 + + 0.4 0.3 +34.1 +12.5 Confectionery 1,175 1,243 + 5.8 + 11.5 13,502 14,627 + 8.3 +30.9 Flour Milling 1,936 1,905 1.6 + 0.8 42,916 41,190 4.0 + 19.7 Ice Cream ­-----­-­Meat Packing____________ 1,331 6,835 1,249 6,656 6.2 2.6 +23.0 +22.8 30i780 207,857 31,302 194,985 + 1.7 6.2 +57.6 +49.6 Textiles Cotton Textile Mills ------­Men's Work Clothing_____ 6,927 5,217 7,011 5,482 + + 1.2 5.1 + 1.1 +38.0 140,311 76,953 142,525 81,189 + + 1.6 5.5 +19.3 + 51.6 Forest Products Furniture __ 1,846 1,662 -10.0 -31.1 35,931 30,733 -14.5 -34.3 Planing Mills 2,313 2,294 - 0.8 + 3.5 60,969 61,593 + 1.0 +12.9 Saw Mills ---------­Paper Boxes ____ 16,518 678 16,256 825 -1.6 +21.7 -6.9 + 16.2 260,374 15,666 249,135 16,856 + 4.3 7.6 + 0.6 + 16.2 Pri11ting and Publishing Commercial Printing ------­New paper Publishing 2,299 4,634 2,299 4,339 ± (0) 6.4 7.9 9.6 64,311 118,894 65,379 114,741 + 1.7 3.5 +18.6 -4.6 Chemical Products Cotton Oil Mills. 4,072 3,911 4.0 5.6 56,467 54,997 2.6 +20.7 Petroleu m Refining 22,563 22,135 1.9 + 2.3 995,432 1,035,312 + 4.0 +25.5 Stone and Clay Proiucts B1ick and Tile. 1,616 1,685 + 4.3 - 20.9 25,444 26,627 + 4.7 - 12.1 Cement 1,285 1,275 0.8 8.6 45,946 48,158 + 4.8 + 16.7 Iron and Steel Products Structural and Ornamental Iron_ 2,872 2,792 2.8 + 6.2 70,355 70,090 0.4 +25.6 NONMANUFACTURING Crude Petroleum Production_. 25,963 Quarrying (<)-----­Public Utilities______ (<) Retail Trade__________207,978 Wholesale Trade_________. 65,635 Dyeing and Cleaniag_______ 2,920 251g88 (0 212,281 66,295 2,775 + + 1.4 2.0 0.7 2.1 1.0 5.0 -16.2 6.6 + 7.3 + 1.5 1.1 0.3 1,060,080 (0 (<) 4,218,605 2,152,102 52,746 1,039,988 (4) (0 4,445,386 2,190,331 50,208 + + + + 1.9 0.7 3.4 5.4 1.8 4.8 -7.8 + 5.1 + 18.6 + 13.6 + 7.7 +22.8 Hotels ------------------­Power Laundries_ ___ 16,540 14,962 16,867 14·,382 + 2.0 3.9 + 7.7 +21.2 214,553 211,345 224,157 206,445 + 4.5 2.3 + 16.l +39.9 CHANGES IN EMPLOYMENT AND PAY ROLLS IN SELECTED CITIESm Employment Pay Rolls Employment Pay Rolle Percentage Change Percentage Change Percentage Cbange Percentage Change Oct., 1942 ov., 1941 Oct., 1942 Nov., 1941 Oct., 1942 Nov., 1941 Oct., 1942 Nov., 1941 to to to to to to to to ov., 1942 ov., 1942 Nov., 1942 Nov., 1942 Nov., 1942 Nov., 1942 Nov., 1942 Nov., 1942 Abilene ----+ 3.0 + 21.6 + 4.0 + 14.4 Galveston ------+ 3.8 + 115.5 + 9.0 + 133.0 Amarillo + 1.3 16.0 + (0) + 3.2 Houston + 0.3 + 8.5 + 5.9 + 28.6 Austin 3.0 + 39.6 3.2 + 39.l Port Arthur __ _ 3.5 8.4 + 0.3 + 25.1Beaumont ___ + 1.7 + 90.2 + 8.0 +203.5 San Antonio _ 0.1 + 11.5 + 1.5 + 24.7 Dallas + 2.9 + 9.5 + 5.2 + 24.0 Sherman + ---------1.6 + 21.4 2.8 + 67.5 El Pa&o ___ 1.9 + 0.2 + 1.8 + 14.7 Waco + 1.5 + 21.0 + 3.0 + 41.3 Fort Worth 1.0 + 6.2 1.4 + 38.7 Wichita Falls_ 2.9 + 15.4 + 6.4 + 21.1 STATE ----+ 1.5 + 19.4 + 4.7 + 55.4 ESTIMATED NUMBER OF EMPLOYEES IN NONAGRICULTURAL BUSINESS AND GOVERNMENT ESTABLISHMENTS<7> 1940nl 1941 n> 1942nl 1940nl 1941 n> 1942 January _______l ,004,000 1,094,000 1,170,000 July ______________l ,024,000 1,156,000 1 317 000(1)February _______l,006,000 1,120,000 1,199,000 August ---------·--1,030,000 1,176,000 1:352'.ooo(l) March ______l ,030,000 1,120,000 1,226,000 September ____________l ,053,000 1,203,000 1,373,000(1)April ______l,021,000 1,114,000 1,222,000 October _______________l,065,000 1,219,000 1,381,000(2)May 1,031,000 1,120,000 1,251,000 ovember __________l ,088,000 1,219,000June _______l,026,000 1,134,000 1,291,000 December _____________ l ,115,000 1,222,000 •Does not include proprietors, firm members, officers of corporations, or other principal executives. Factory employment excludes also office, sales, technical and profeuional per1onnel. OJ Revised. subject to rcvieion. o change. Not anilable. <&>Based on unweighted 6gures. (6)Leu than 1/ 10 of one per cent. (7) ot including self-employed persons. casual workers, or domestic .servants, and exclusive of military and maritime personnel. These figures are furniahe~ by the Bureau of Labor Stathdc1, U.S. Department of Labor. Prepared from re])orte from representative Texaa e1tablishment1 to the Bureau of Buaineu Research coOperatiog with the Bureau of Labor Statistic1. Due to the national emergency, publication of data for certain industries ii being withheld until further notice. OVEMBER RETAIL ALE OJ< INDEPE DENT STORES IN TEXAS Percentage Cbanee1 in Dollar Sales Numbor of Nov., 1942 Nov., 1942 Ycnr 1942 .firma Crom from from R opor1iug Nov., 1941 Oct., 1942 Ycnr 1941 TEXAS 905 +23 4 +14 STORES GROUPED BY LINE OF GOODS CARRIED: APPAREL 103 + 39 9 +24 Family Clothing Store 28 + 33 7 + 34 Men's and Boys' Clothing Stores 31 + 28 -11 + 17 Shoe Stores ____ 13 +42 -20 +38 Women's Specialty Shops _____ 31 +47 -7 + 25 AUTOMOTIVE• 63 -60 -9 -64 Motor Vehicle Dealers 61 -63 -10 -66 COUNTRY GENERAL 91 + 14 -10 + 19 DEPARTMENT STORES ___ 57 +27 + ru + 15 DRUG STORES ________ 125 +24 -3 + 19 DRY GOODS AND GENERAL MERCHANDISE._________________ 22 +27 -7 +30 FILLING STATIONS 32 + 10 + 15 + 2 FLORISTS 25 -6 + 8 -2 FOOD• 144 +21 -7 +26 Grocery Stores___ 44 +29 -11 +31 Grocery and Meat Stores _______________ 93 +17 -5 +24 FURNITURE AND HOUSEHOLD• 63 + 18 -2 _(l) Furniture Stores 55 + 20 -3 + 2 JEWELRY -----24 + 71 + 12 +29 LUMBER, BUILDING, AND HARDWARE------187 -17 -10 + 9 Farm Implement Deale 10 -7 -27 + 6 Hardware Stores .. 61 -5 -13 + 7 Lumber and Building Material Dealers -24 --------112 7 + 8 RESTAURANTS 19 + 36 1 +24 ALL OTHER STORES 11 +27 -4 + 25 TEXAS STORES GROUPED ACCORDING TO POPULATION OF CTTY: All Stores in Cities of-Over 100,000 Population__ 143 +23 -2 +12 50,000-100,000 Polulation..____ 100 +34 -3 +20 2,500-50,000 Popu ation 433 +19 -6 + 16 Less than 2,500 Populatio 231 + 1 -12 +14 •Group total includca kinds of business other than the clasaificationa lieted. (l)Changc of lees than .5%. NoTE: Thia report doea not include sales of motor vehicle dealers in the eta to total or in the Iota ls for the population groups. Prepared from reports of independent retail stores to the Bureau of Business Research, coOpcrnting with the U.S. Bureau of tho Census. COTTO BALANCE SHEET FOR THE U !TED STATES AS OF DECEMBER 1 (In Thousands of Running Bales Except as Noted) Govero· ment Imports Estimate Conaump · Exports Carryover to as of tion to to Balance Y ear Aug. I Dec. I• Dec. l* Total Dec. I Dec. I Total Dec. I 1933-1934 8,176 46 13,177 21,399 2,068 3,360 5,428 15,971 1934-1935 7,746 39 9,731 17,516 1,717 1,894 3,611 13,905 1935-1936 7,138 30 10,734 17,902 1,924 2,575 4,499 13,403 1936-1937 5,397 41 12,407 17,845 2,482 2,303 4,785 13,0601937-1938 4,498 31 18,746 23,275 2,212 2,434 4,646 18,629 1938-1939 11,533 54 12,008 23,595 2,236 1,535 3,771 19,824 1939-1940 13,033 48 11,792 24,873 2,660 2,328 4,988 19,885 1940-1941 10,596 42 12,686 23,324 2,801 495 3,296 20,028 1941-1942 12,367 t 10,976 23,343 3,553 t 3,553 19,7901942-1943 10,590 t 12,982 23,572 3,777 t 3,777 19,795 •In 500-pound bales. fNot avai11.b1c. The cotton year begins in August. PETROLEUM STORES IN TEXAS OVEMBER RETAIL ALES OF INDEPE DE T Daily Average Production Percentage Changes Number of Nov., 1942 Nov., 1942 (In Barrels) Firm a from from Reporting Nov., 1941 Oct., 19-12 Nov., 1942 Nov., 1941 Oct., 1942 TOTAL TEXA 905 +23 -4 Coastal Texas• -------312,800 302,250 313,750 East Central Texas --------95,200 86,700 92,150 TEXA TORE GROUPED BY East Texas ----------------354,800 386,750 362,000PRODUCING AREA : North Texas -------------------137,600 140,350 140,000 Di trict 1--------64 +30 -5 Panhandle --------------89,800 84,900 88,600 Amarillo ··------19 +36 -13 Southwest Texas -----------173,300 226,200 165,300 Pampa ___ 10 + 17 -12 West Texas --------------------212,200 297,200 209,750 Plainview 14 + 52 +20 STATE -----------------1,375,700 1,525,050 1,371,550 All Other 22 +21 + 2 United States -------------------3,877,150 4,151,600 3,894,400 +43 +ru Di tri t 2 --------------77 •Includes Conroe. District 1--------25 +12 -8 Abilene ___ 13 +21 -4 NoTE: From American Petroleum Institute. Wi hita Falls 10 +24 + 2 See accompanying mnp showing the oil producing districts of Texas. All Others 54 + 1 -15 Distri ct 3 ____ District 4 Dalla Ft. Worth -------­he rm an Wa o 35 197 33 24 11 21 + 4 +27 +19 +40 + 15 +54 6 -6 -5 _ru -18 -8 Gasoline sales as indicated by taxes collected by the State Comptroller were : October, 1942, 114,637,000 gallons; October, 1941, 130,895,000 gallons; September, 1942, 117,225,000 gallons. All Others ----­ 108 +28 -17 Di trict 5 92 + 2 -10 Di trict 6 El Paso 36 17 +31 +28 + 1 + 1 AllO~r ~ +55 1 Di tri t 7 -------­San Angelo All Others ---­ 53 11 42 + 5 +16 -7 5 1 9 Di trict 8 Au tin 143 14 +27 +34 5 + 1 San Antonio 43 +29 4 All Others Di trict 9 _____ 86 110 +18 +18 -13 _ ru Beaumont Hou ton 16 43 +33 + 14 + 1 + 1 All Others 51 + 17 -7 District 10 31 +16 + 13 Di trict 10-A 42 +22 + 4 Brownsville 11 +30 + 6 All Others 31 +18 + 4 Ul Chanee of lcoa than .5% . Non: Prepared from reports of independent retail 1tore1 to tho Bureau of Bu1inc11 Re1earch coOperatine with the U.S. Bureau of the Cen1u1. Sales of motor vehicle dealers are not included in this report. LUMBER CEMENT On Board Feet) On Thousands of Barrels) Nov., 1942 Nov., 1941 Oct., 1942 Texas Plants November, 1942 November, 1941 October, 1942 Southern Pine Mills: Average Weekly Production per unit 264,439 309,318 279,210 Production ---­-------­hip men ts --------­---­tocks ---------­ 1,021 965 478 779 850 754 1,076 1,007 422 Average Weekly Shipments nited States per unit 286,822 Average Unfilled Orders per unit, end of month __l,531,237 308,746 1,169,958 305,485 1,665,904 Production ----­---­16,241 Shipments ----­----­14,627 tocks ---------­-----­12,231 Capacity Operated ----­80.0% 14,931 13,724 17,624 72.7% 18,263 20,344 10,627 87.0% Non: From Southern Pine Auoclatioo. Non: From U. S. Department of Interior, Bureau of Mines. DECEMBER CREDIT RATIOS IN TEXAS DEPARTMENT AND APPAREL STORES (Expressed in Per Cent) Number Ratio or Ratio of Rulo or of Credit nlo1 Colloction1 to Crcdh Salarie1 Stores to Not Salet Oul8tn11dinJ[1 to Credit Salo• Reporting 1942 1941 1942 1941 1942 1941 All Stores 55 51.2 63.2 61.8 43.2 1.0 0.9 Stores Grouped by Cities : Austi 6 44.8 57.1 69.9 48.2 1.3 1.1 Beaumont ----------------3 54.5 66.3 71.4 44.6 0.8 0.8 Dallas 9 61.4 71.7 60.3 45.4 0.7 0.7 El Paso -----------------------------3 45.4 57.7 62.5 39.9 1.2 1.2 Fort Worth_ 5 50.5 62.7 62.9 39.8 1.0 1.1 Houston 6 48.8 59.9 58.6 40.2 1.3 1.2 San Antonio 4 40.1 53.1 62.2 43.0 1.5 1.3 Waco 4 41.6 55.5 65.2 42.0 1.4 1.5 All Others __ 15 42.7 56.4 63.7 42.3 1.4 1.4 Stores Grouped According to Type of Store: Department Stores (Annual Volume Over $500,000) _______ 17 51.1 63.1 64.6 43.0 1.1 0.9 Department Stores Dry-Goods-Apparel (Annual Volume under $500,000) _____Stores____________________ 8 3 39.0 45.3 50.6 58.6 60.4 64.2 40.9 42.2 1.5 1.8 1.7 1.8 Women's Specialty Shops 16 54.4 64.1 57.0 43.0 0.6 0.6 Men's Clothing Stores 11 49.8 66.1 58.6 43.l 1.3 1.2 Stores Grouped According to Volume of Net Sales During 1941: Over $2,500,000 11 51.1 62.6 63.0 42.2 1.0 0.9 $2,500,000 down to Sl,000,000 9 47.7 62.8 60.8 41.0 1.1 1.1 $1,000,000 down to $500,000 8 44.3 57.8 61.3 44.2 1.3 1.1 $500,000 down to $100,000 23 39.9 54.3 67.9 43.3 1.6 1.8 Less than $100,000 4 30.1 55.3 62.0 40.3 2.8 2.7 Non: The ratios shown for each year, in the order in which they appear from left to right are obtained by the following computt:ttions: (1) Credit Sale1 divided by Net Salce. (2) Collections during the month divided by the total acc ounts unpaid on the first of the month. (3) Salaries of tho credit department divided by credit sales. The data are reported to the Bureau of Business Research by Texas retail stores. NOVEMBER, 1942, CARLOAD MOVEMENTS OF POULTRY AND EGGS Shipments from Texas Stations Can of Poultry Can of Egge Dressed Shell Destination• Chicken• Turkey1 Shell Frozen Dried Equivalent? November November 1942 1941 1942 1941 1942 1941 1942 1941 1942 1941 1942 1941 TOTAL 9U 27 375tU 410§ 25 17 32U 45 83U 68 753U 651 Intrastate 2 3 23 6 18 6 12 1 14 14 154 120 Interstate -----------------­ 7 24 352 404 7 11 20 44 69 54 599 531 Receipts at Texas Stations Origin TOTAL 3 6 20 5 89 295 43 5 25 9 375 377 Intrastate Interstate --­ --­ ----------­ 0 3 4 2 13 7 l 4 22 67 1 294 13 30 1 4 23 2 7 2 232 143 59 318 •The dcitinat.ion above ii the first destination u shown by the oricioal waybill. Changes in destinntion brought about by diveraion ordere are not 1howo. Unclude 18 cars of Jive turkeys. tDricd ecg:s and frozen eggs are converted to a shell egg equjvalent on the following buia: 1 rail carload of dried eggs == 8 carloads ef 1hell egp, and 1 carload of frozen ercs .. 2 carload• of 1hell CCC•· §Includes 20 cars of live turkeys. 10 t included in the e 6gu.rc1 is one station which reported but gave no destination points. Tho figures were: 7 cars turkeys, 6 cars chicken, 8 can frozen ea:11, 8 cars dried eggs or an equh•alent of 80 cars of shell eegs. POSTAL RECEIPTS Abilene Amarillo -----­Au tin -----­ Nov., 1942 36,045 42,394 76,977 Nov., 1941 25,479 31,482 67,629 $ Oct., 1942 37,131 31,481 87,830 TEXAS COMMERCIAL FAILURES Beaumont -----34,268 28,079 39,025 No"·• 1942 O\',, 1941 Oct., 1942• Big pring 8,033 6,386 9,578 Brownwood 15,814 14,790 15,466 umber -----------------3 16 9 hildre 6,074 2,000 4,428 Liabilitiest ----------------------13 ' 1,445 47 leburne -----4,194 3,297 4,312 709 As etst --·-----------------------7 29 oleman -·-----3,338 2,485 3,725 Average Liabilities per failuret ___ 4 90 5orpus Chri ti ___ 47,038 38,340 48,020 or icana 6,284 ------6,328 8,263 Dalla 419,990 387,323 477,673 • Revised. Del Rio --------3,846 3,958 4,546 fin thousnnds. Denison ---------7,818 5,931 8,488 Non: From Dun and Bradstreet, Inc. Denton ----------8,187 7,052 12,092 Edinburg 3,135 2,823 3,554 El Paso -------70,255 60,508 76,325 Fort Worth ----205,203 168,486 214,430 Galveston 37,996 33,520 ---------44,445 Harlin ge n 8,898 -------6,274 10,178 llou ton -------277,974 267,455 310,375 Ja k onvill 3,495 3,096 PERCENTAGE CHANGES IN CONSUMPTION ----4,153 Kn dy 1,558 1,324 ------2,035 OF ELECTRIC POWER M Allen -----4,727 4,834 6,257 Marshall ------7,943 5,822 10,466 Palestine 6,769 5,764 6,595 Nov., 1942 No"·· 1942 from from Pari ---------10,397 5,986 10,751 Nov., 1941 Oct., 1942 Plainview 4,993 3,735 5,493 Commercial -------------------­-9.6 9.0 Port Arthur --·--19,971 14,903 22,660 an Ang lo ------16,794 13,397 17,034 Industrial --------------------­+23.6 + 5.1 an Antonio ____ 211,196 145,296 211,191 Residential ---------------­+ 1.4 + 0.7 h rman -------11,780 7,418 10,625 All Others -----------------­+41.0 + 11.9 nyd r 1,759 1,799 2,171 w etwat r 5,500 4,615 5,131 TOT AL ----------------------+ 15.0 + 2.7 Tyler 16,193 15,260 20,854 Waco 40,256 37,073 45,272 ------- Prepared from reports of 8 electric power companies to the Bureau of Business Wichita Fall 35,287 29,918 37,345 ----Research. TOTAL -----1,722,379 1,469,865 $1,869,391 Non : Compiled from reporte from Texas chombcra of commerce to the Bureau of Bu 1in cu Re1ea rch. OVEMBER SHIPMENTS OF LIVE STOCK CONVERTED TO A RAIL-CAR BASIS• Cattle Calve• Hog1 Sheep Total 1942 1941 1942 1941 1942 1941 1942 1941 1942 1941 Total Interstate Plus Fort Worth____ Total Intrastate Omitting Fort Worth _ _ __ 6,512 1,952 4,245 1,107 2,059 324 1,416 176 717 34 523 8 772 199 281 28 10,060 2,509 6,465 1,319 TOT AL SHIPME TS 8,4 64 5,352 2,383 1,592 751 531 971 309 12,569 7,784 TEX CAR-LOT" SHIPMENT OF LIVE STOCK, JAN. 1-DEC. 1 Cattle Calvca Ho~• Sheep Total 1942 1941 1942 1941 1942 1941 1942 1941 1942 1941 Total Interstate Plus Fort Worth ________ 57,151 39,827 12,924 11,574 10,819 8,777 12,096 8,788 92,990 68,966 Total Intrastate Omitting Fort Worth ____ 8,691 5,591 1,701 1,491 313 176 1,693 1,081 12,398 8,339 TS____ ____ TOTAL SHlPME 65,842 45,418 14625 13,065 11,132 8,953 13,789 9,869 105,388 77,305 •Rail -car Bui1: Cattle, 30 head per car; calvc1, 60; hoge, 80; and eheep, 250, Fort Worth 1bipmenu are combined with inter1tate forwarding1 in order that the bulk or market dieappearancc for the month may be ahown. Non: Thcto data are furnished the United Sta tea Bureau of Agricultural Economic1 by railway official• tbrou1:h more than 1,500 station agents, repre1entinc enry Jiwe •tock 1blppin1 point in the State. The data are compiled by the Bureau of Bu1.iDe11 Re1earch. BANKING STATISTICS (In Millions of Dollars) November, 1942 Dallu United District States DEBITS to individual accounts.____ 1,489 . 50,673 Condition of reporting member banks on- December 2, 1942 AssETs: Loans and investments-total_____________________ _ _ 907 38,387 Loans--totaL -------------------------305 10,295 Commercial, industrial, and agricultural loans ___________ 224 6,192 Ope n market paper.---------------------248 Loans to brokers and dealers in securities. __________ 4 700 Other loans for purchasing or carrying securitieS...----11 389 Real Estate loans _____________________ _ _ 20 1,207 Loans to banks----------------------------­ 22 Other loans .. ----------------------------­ 46 1,537 Treasury Bills. ___________________________ 70 3,570 Treasury Cert. of indebtedness ________ ______ 82 3,429 Treasury Notes--------------------­ 108 4,241 U.S. Bonds _______________ 242 11,644 Obligat.ions guaranteed by U.S. Government. ________ 40 1,924 Other SecuritieS---------·------------­ 60 3,284 Reserve with Federal Reserve Bank _________________ _ 281 9,483 Cash in Vault__________ ________ ___ _ _ 18 516 Balances with domestic banks ________ ____ 292 2,768 32 1,222 Other Assets--net----------------­ LIABILITIES: 829 28,852 Demand deposits-adjusted* -------------­130 5,204 Time deposit -----­47 3,116U.S. Government deposils.---------------------­ Inter-bank deposits: Domestic banks-------------·--­ 423 9,454 1 709Foreign banks 1 Borrowingsi------------------­5 1,022 Other liabilities 95 4,018Capital account-------------------­ Non:: From Federal Reserve Don.rd. November, 1941 October, 1942 Dall•• United Dallu United Diet riot State• Dl1trlct Statee 1,229 45,076 $ 1,635 S55,057 December 3, 1941 October 28, 1942 678 29,691 903 37,549 362 11,259 310 10,320 250 6,593 227 6,316 2 428 1 265 5 548 3 529 14 427 12 369 23 1,256 20 1,217 38 46 68 1,969 47 1,578 44 990 72 2,811 t t 79 2,987 43 2,522 108 4,356 126 8,348 237 11,725 40 2,922 38 1,907 63 3,650 59 3,443 194 10,575 268 9,155 14 554 20 524 295 3,344 270 2,635 32 1,214 32 1,243 620 24,324 803 28,639 134 5,390 130 5,192 32 846 72 2,719 327 9,405 387 8,898 1 655 1 685 3 14 6 828 5 972 93 3,927 95 3,987 CONTENTS Pap LIST OF CHARTS Indexes of Business Activity in Texas ·--------------------------------1 LIST OF TABLES Banking Statistics -------------------·--------------·-----------------------8 Building Permits -----------------­ 2 Carload Movement of Poultry and Eggs ·---------------------------6 Cement -------------------------------------------5 Charters ----------------2 Commercial Failures ---------------­ 7 Commodity Prices ------·----------­ 2 4 Cotton Balance Sheet ·---------------------------·---·---------------------­ Credit Ratios in Department and Apparel Stores·------------·-----------------------------------­ 6 Employment and Pay Rolls in Tex --------------­ 3 5 Lumber -----------­ Percentage Changes in Consumption of Electric Power ---------­ 7 5 Petroleum ------­ 7 Postal Receipts --------·-------------­Retail Sales of Independent Stores in Texas. __________ _ 4,5 7 Shipments of livestock--------------·---------------------·---­