VE 's BUSINESS REVIEW ~ f' 04 ,., ~ureau of Business Research J1&£ L\B . />. .. 1 The Univernity of T exa> Vol. XVII, August, 1943 A Monthly Summary of Economic and Business Conditions in Texas By the Staff of the Bureau of Business Research, The University of Texas F. A. Buechel, Editor. v INDEXES Of BUSINESS ACTIVITY IN TEXAS lH1d.6t M.ONTn o r 19}0 •1 001, <.0 1.U OSlll INPtl• r. 11n.rts ucftrnl form cash income by from six to ten per cent. This si111ntion results from tho fact that means of securing complete local mnrkotin:;s, especially by !rock, J1nvc not yet been fully developed. In addition, m C.'.l:lls have not yet been clevclopcd for computing cash income from all agricultural spccialitie!I of locnl importance in !lcattercd areas throughout the State. This situation, however, docs not impair the accuracy of the indexes to any appreciable extent. Increase in prices over a year ago was mainly responsi­ble for the rise in income. It is not expected that ag­gregate farm cash income during the remaining five months of the year will vary much from that of the corresponding period of 1942. However, year to year increases are likely to continue for the next two or three months because of the earlier maturing of cotton and the somewhat higher level of cotton prices. F. A. BUECHEL. CEMENT (In Thousands of Barrels) Juno, 1943 Juno, 1942 Mny, 1943 Texas Plants Production ---------·-----------------·--866 1,146 925 Shipments ------------·-----·------------865 1,324 841 tocks ----------·-----·--------------------706 250 704 United States Production -------------------------·---11,895 16,833 12,384 Shipments ------------------------12,702 20,501 12,075 Stocks ----------·-------------------·--22,084 18,941 22,891 Capacity Operated ---------------58.0% 80.0% 59.0o/o NOTE: From U.S. Department of Interior, Bureau of Mines. EMPLOYMENT AND PAYROLLS IN TEXAS July, 1943 E11timatod Number of Pcrccntaa:o Ch1n1e E1timated Amount of Percen1a1e Chana• Workcn Employed• from from Weekly Pay Roll from CromJune, July, June, July, Juno, July, June, July, 194J(ll 1943(1) 1943 1942 19-13(1) 19·1.'l(I) 1943 1942 MANUFACTURING All Manufacturing lnduatriea_ l64,854 164,153 0.4 + 3.5 5,139,482 4,969,234 3.3 +25.3 Food Products Baking 7,983 7,973 0.1 + 12.8 239,789 245,539 + 2.4 + 33.8 arbonated Beverag 3,828 4,016 + 4.9 + 40.5 110,409 115,165 + 4.3 +39.6 Confectionery 1,076 1,031 4.2 +23.7 12,197 11,777 3.5 +50.1 Flour J\lilling 2,297 2,246 2.2 +10.3 65,754 64,844 1.4 +59.9Ice ream----------1,426 1,491 + 4.6 1.3 35,290 36,906 + 4.6 + 16.8 Meat Pa king... __________ 5,723 5,763 + 0.7 -3.1 178,697 184,417 + 3.2 +20.1 Textiles otton Textile Mills______ 6,345 6,044 4.8 -13.6 136,515 126,710 7.2 -6.9 1t) n's Work Clothing ____ 4,743 4,777 + 0.7 -3.7 81,121 79,754 1.7 + 16.9 Forest ProdLLcts Furniture -·· 1,610 1,582 1.8 -19.1 36,210 35,965 0.7 + 5.1 Planing Mills 2,155 2,103 2.4 -20.7 57,272 52,280 8.7 -23.8 aw Mills 15,748 15,617 0.9 -10.9 266,529 255,022 4.3 + 3.1J'aper Boxes 851 838 1.5 +50.2 18,857 16,366 -13.2 +46.5 Pri11ting and Publi hing Commercial Printing ------2,363 2,382 + 0.8 2.7 75,986 74,985 1.3 +25.6 cwspaper Publi hing 4,250 4,156 2.2 3.9 117,856 116,298 1.3 + 6.0 Chemical Products otton Oil Mills. 2,119 2,115 0.3 + 5.4 30,873 28,601 7.4 +35.4Petroleum Refining 22,388 22,543 + 0.7 + 0.8 1,217,922 1,234,713 + 1.4 +36.7 Sto11e and Clay Products Brick and Tile 1,665 1,611 3.3 -25.1 27,672 26,593 3.9 -14.3 Cement ----------1,138 1,156 + 1.6 -10.7 43,339 43,339 + 0.0 -11.1 Iron and Steel Products tructural and Ornamental Iron._ 2,914 2,853 2.1 + 3.1 81,412 80,200 1.5 +23.2 NONMAN UFACTURING Crude Petroleum Production_. 25,473 25,704 + 0.9 3.7 1,255,379 1,285,116 + 2.4 +28.1 Quarrying (3) (3) 0.9 -18.9 ------- (3) (3) + 9.6 Public Utilities__________ (3) (3) -3.1 + 2.0 + 6.5 (3) (3) + 6.0 +14.5 Retail Trade. 221,046 214,034 3.2 + 16.9 4,703,867 4,552,680 3.2 +24.3 Wholesale Trade___________ 61,890 62,199 + 0.5 -5.9 2,163,346 2,174,590 + 0.5 + 5.2 Dyeing and Cleaning 2,995 2,920 2.5 + 6.3 60,813 61,369 + 0.9 +32.4 Hotela --------------------18,127 18,709 + 3.2 + 18.9 286,760 303,049 + 5.7 +51.2Power Laundries 15,277 14,531 4.9 + 0.1 242,798 232,640 4.2 + 13.2 CHANGES IN EMPLOYMENT AND PAY ROLLS IN SELECTED C ITIES Employment Pay Rollo Employment Pay Rollo Perccn1agc Cha nge Percentnge Cbanco Perce111a1c Chana:c Percentaae Chance June, 19-13 July, 1942 June, 1943 July, 1942 June, 1943 July, 1942 June, 1943 July, 1942 to (O to to to to to to July, 1913 July, 1943 July, 1943 July, 1943 July, 1943 July, 1943 July, 19-13 July, 1943 Abilene ----+ 3.5 + 23.9 + 3.2 + 18.6 Galveston -----+ 0.2 + 17.9 5.3 + 49.8Amarillo -----5.9 + 6.6 8.9 + 12.2 Houston ----1.5 + 14.3 ---+ + 5.9 + 23.7 u tin -·----+ 0.2 + 4.0 + 7.7 + 31.4 Port Arthur ___ 0.1 1.9 1.9 + 33.7 Beaumont + 0.2 + 23.9 2.0 + 51.4 San Antonio _ -- 1.4 1.0 0.3 + 7.0 Dalla + 1.6 + 15.4 + 6.4 + 37.7 herman ------+ 2.3 + 27.0 1.1 + 50.l El Pao --· 1.3 + 3.3 + 0.7 + 12.7 Waco + 0.2 + 7.9 0.4 + 17.2 Fort Worth + 4.2 + 75.9 + 5.5 + 106.7 Wichita Falls_ 1.3 14.7 + 4.8 + 14.4 STATE -·--··-+ 0.2 + 19.2 + 1.9 + 39.0 ESTIMATED NUMBER OF EMPLOYEES IN NONAGRICULTURAL BUSINESS AND GOVERNMENT ESTABLISHMENTs<..i 1941(1) 1942(1) 1943 1941(1) 1942(1) 1943 January __ --------1,09:1,000 1,170,000 1,360,000'll July _________l,156,000 1,317,000 F bruary ------1,120,000 1,199,000 1,367,000(1) Augu t 1,176,000 1,352,000 larch -·-·-_______ 1.120,000 1,226,000 1,384,000 October ______l,219,000 1,384,000 May _________________1120 000 1,251,000 1:421:000(1) November ______ l ,219,000 1,389,000 June ----· ·--· _ l ,134,000 1,291,000 December _ ___ l,222,000 1,413,700 •Docs not include propriclors, firm members, officers of corpora1Jon1, or other principal exccutive1. Factory employment excludes aho office, aa]ea, tccholcal and profe tional penonnel. O>Rcvi1ed . <~> ubjcct to revision. (S) 'ot a.vailnble. C4>Ba ed on unweighted 6a;urct. C6>No change. Not including self-employed penona, casual worlcen, or domc1tic 1ern..nu, and exclu1ive of military and maritime penonnel. Theae 6ruret are furnished by the Bureau of bor ta1i1tic , .. Department of Labor. Prepared from reports from repr~ entative Texa.1 e1tabli1hment1 to the Bureau of Bu1ino11 Re1earch coOporatinc with the Bureau of Labor Statiltici. Due to the national emergency, publicationt of data for certain indu1tde1 11 beina: withheld until further notice. JULY RETAIL SALES OF INDEPENDENT STORES IN TEXAS Percentage Change• in Dollar Salea Number of July, 1943 July, 1943 Year 1945 E1tabli1hmenu from from from Reportin1 July, 1942 June, 1943 Year 1942 TOTAL TEXAS --------------------­971 +28 -9 + 32 STORES GROUPED BY LINE OF GOODS CARRIED: APPAREL___________________ llO + 1i8 -18 +64 Family Clothing Stores•---------------------27 +36 -14 +60 Men's and Boys' Clothing Stores,___ 33 +4.s -27 +S8 Shoe Stores•--------------------------­14 + l -so +S8 Women's Specialty Shops·-------------·------36 + S9 -9 +71 AUTOMOTIVE•_____________________~ l +32 + 13 +32 Motor Vehicle Dealers__ 6S + 12 -3 + 19 COUNTRY GENERAL 9S + 23 -l +23 DEPARTMENT STORES______ _ S2 +49 -ll +46 DRUG STORES 123 +20 + 4 +28 DRY GOODS AND GENERAL MERCHANDISE 21 +S3 -6 +69 FILLING STATIONS,____________________ 31 +ll -1 +21 FLORISTS·-------·---26 +46 -1 +47 FOOD• 133 +24 -ll +46 Grocery Stores_____ 46 + 12 + 7 +18 Grocery and Meat Stores_ __ 81 + 18 s +23 FURNITURE AND HOUSEHOLD• 73 + 38 + l +24 Furniture Stores,___ 67 + 39 + 1 +27 JEWELRY -­22 +20 7 +41 LUMBER, BUILDING, AND HARDWARE* 18S -20 s -18 Farm Implement Dealers 13 + 13 -16 -9 Hardware Stores______ _ _ 61 + 3 4 -s Lumber and Building Material Dealers_____ 108 -26 7 +21 RESTAURANTS---------------------~ 61 + 3 1 -s ALL OTHER STORES s +2S 7 +18 TEXAS STORES GROUPED ACCORDING TO POPULATION OF CITY: All Stores in Cities of-Over 100,000 Population__ 1S3 + 36 -11 +38 50,000-100,000 Population_ 106 +17 9 +27 2,SOO-S0,000 Population____ 473 +28 7 -32 Less than 2,SOO Population__ 239 +13 + 1 +13 n>change of l e11 than .5% •Group total includes kinds of busineu other than the classification listed. Prepared from reporu of independent retail stores to the Bureau of Bu11ine11 Research, coOperating with the U.S. Bureau of the Censua. JULY CREDIT RATIOS IN TEXAS DEPARTMENT AND APPAREL STORES (Expressed in Per Cent) Number Ratio of Ratio of Ratio of of Credit Sale• Collcction1 to Credit Salarlea Store• to Net Sall't Out1tandings to Credit Salet Reportina: 1943 1942 1943 1942 1943 1942 All Stores--------------------------------------------------------S9 46.8 Sl.9 61-3 S6.2 l.S L7 Stores Grouped by Cities: Austin_ _________________________________ 6 41.0 46.9 66.8 63.0 l.S 2.0 Beaumont--------------------------------------3 S2.9 S7.7 76.0 S8.l 1.0 1.3 Bryan -------------------------------------------------------------3 32.1 40.7 79.6 61.4 1.6 0.6 Dallas________________________ 7 60.8 63.2 62.0 S6.9 Ll Ll El Paso -----------------------------------------------3 34.9 41.4 64.0 Sl.4 1.7 2.1 Fort Worth___________________________________ S 44.8 S2.S S4.S S8-4 l.S 1.6 Houston_________________________________________ 8 43.2 SS.9 S7.5 S4.l 2.1 2.3 San Antonio_________ _____________________________ S 38.0 40.0 62.7 S8.7 1.8 2.3 Waco__________________ __________________ S 45.9 46.7 S9.2 48.2 1.4 1.8 All Others____________________________________ 14 39_3 43.6 68.9 S9.4 1.4 ,f.O Stores Grouped According to Type of Store: Department Stores (Annual Volume Over S00,000}____________ 19 4S.S S3.2 61.4 S7.8 1.6 1.8Department Stores (Annual Volume under S00,000) ______________ 10 41.S 40.1 6S.8 S8.7 1.8 2.4 Dry-Goods-Apparel Stores___ ----------------------3 42.S 47.S 6S.3 S5.8 2.4 2.7 Women's Specialty Shops---------------------·--·----------14 S3.2 49.2 S8.9 SU 0.9 1.0 Men's Clothing Stores----------------------------------·--· 13 44.3 S3.6 6S.4 S6.3 1.9 2.0 Stores Grouped According to Volume of Net Sales During 1942: Over 2,S00,000_______________________________________ 13 42.0 S4.4 6S.2 60.3 1.6 1.8 $2,S00,000 down to Sl,000,000 ----------· 11 S2.l .W.6 6S.4 S7.9 LS 1.6 $1,000,000 dow n to ssoo,ooo________________________________________ 8 38.7 47.8 70.2 61.9 2.2 2.1 Less than SS00,000 ------------------------------27 31.6 36.7 66.8 S8.3 2.3 2.2 Non: The ratiot shown for each year, In the order in which they appear from left to rl1ht are obtained by 1he followlnc computatloni· (I) Credit Sale• di•ided by Net Salc1. (2) Collcction1 during the month divided by the total accounts unp1ld on the fint of the month. (3) SalariH of the credii department diYlded by credit aales. The data are i'eported to the Bureau of Buaine11 Research by Texu retail 1toree. Fort Worth 23 +28 -6 +37 herman --------­ 11 + 21 -7 + 14 Temple --------­Waco ----------­All Others ______ 12 23 llS +42 + SS +37 -19 -10 -5 +42 +S7 +42 District S -------­ 9S + 19 -11 + 20 Di trict 6 --------------­ 37 + 10 6 +26 El Pa o ------------­ 18 + 10 -7 +2S All Others -----------­ 19 + 10 -3 + 3S Di tri t 7 _ --------------­ S3 +20 -8 + 21 an All Angelo ---------­Others -------­ 10 42 + 13 + 22 -14 -2 +28 +20 Di trict 8 -----------­ 164 +21 -9 +27 Austin --------------­ l S - 4 -18 + 17 Corpu hri ti ____ . 10 + l + 19 -4 nn Antonio 47 +31 - 11 +34 All Others -----------­ 93 + 20 -1 +23 Di trict 9 --------------­Beaumont _____ 104 10 +18 + S2 -13 -4 +26 +S2 Hou ton -----------­ 40 + 8 -16 +2S All Other -----------­ 54 + 17 -12 + 27 01 \.. District 10 -----------­ 29 +30 - 1 +3S Di trict 10-A ----------­ 4S +27 -n +28 Brown ville All Others ________ 13 32 + S7 + 13 -12 -10 +67 +22 O>Cha nee of le11 than .So/o. NoTE: Prepared from reports of independen t retail ttorea to the Bureau of Bu1:nc11 Research, coOpera ting with the U.S. Burea u o f the Cen1u1. COMMODITY PRICES L 1BER holesale P rices: July, 1943 July, 1942 Juno, 194! (In Board Feet) U. . Bureau of Labor tali tics outhern Pine Mills: July, 1943 July, 1942 June, 1943 ( 1026= 100% ) Farm Prices: -------·--------------­ 103.2 98.7 103.8 Average Weekly Production per unit . ·­·----­ 24S,669 302,339 24-0,138 U. . Bureau of (1926=100% ) Labor Statisti --------------------­ 12S.O lOS.3 126.2 Average Weekly hipments Retail Pri es : per unit ----·--­ 2SS,S93 36S,223 272,989 Food (U . . Bureau of Labor ta- Average nfi lled Orders p r li tics (1935-1939=100%) __ 139.0 124.6 141.9 unit, nd of month ______ .1.264,136 1,812,136 1,412,307 Department Stores (Fairchild's Publications NOT& : From ou thert> Pina Auocladon. January, 1931= 100%) ___ 113.0 113.l 113.0 JULY RETAIL SALES OF I DEPE DE T TORE I TEXAS PETROLEUM Percentage Changes DAILY A VERA GE PRODU TIO Number of July, 1943 July, 1943 Year 1913 Eatablishments from from from Rcportin& July, 1942 June, 1943 Year 1942 (In Burrel TOT AL TEXAS 971 + 28 -9 + 32 Jul y, 1943 J uly, 1942 Juue, 194! TEXAS STORES GROUPED BY PRODUCI G AREAS: oastal Texas• ---·---------­East Central Texas ______ East Texa ------------------­ 412,900 128,000 371,000 220,310 81,8SO 263,320 383,700 124,000 338,750 District 1-N ----­Amarillo --------Pampa -------------­Plainview ----------­ 73 2S 12 l S + s + 10 + 16 + 9 -8 -13 -8 -7 +3S +49 +33 + 26 North Texas --­--------------­Panhandle --------------------­Southwest Texas ------------­West Texas ------·---------­ 137,700 90,400 230,000 24S,600 141,200 79,020 130,900 181,480 132,450 90,100 209,900 230,7SO All Others ---------­ 21 -8 +n> +22 STATE -------·--------..·-----­ 1,615,600 1,098,080 l,S09,6SO District 1-S ------­Lubbock -----------­ 2S 12 +32 +31 -14 -11 +4S +45 UNITED STATES ---·-----­ 4,lll,3SO 3,S48,320 3,979,000 All Others --------­District 2 ---------­Abilene --------------­Wichita Fall ------­ 13 83 14 10 +34 +34 +33 +31 -19 + 3 + 5 + 6 +46 +30 +4S +24 Gasoline sales as indicated by taxes collected omptroller were : June, 1943, 119,626,772 gallon 123,S57,808 gallons; May, 1943, 110,686,374 gallons. by the June, late 1942, All Others ----------­Di tri ct 3 ----------­Di trict 4 -----------­Dallas -----------------­ S9 38 22S 41 +37 + 36 + 4S + S9 _(l) -10 8 -9 +21 +23 +45 +so •Includes Conroe. OTE : From American Petroleum Juatitu te. See accompanying map ahowin' the oil producinr di1tricu of Tex... J LY, 1943, RLOAD MOVEMENTS OF POULTRY A D EGG Shipments from Texas Stations Cars of Poultry Cars of Eg119 Sholl Chickeus Turkey• Sholl Frozen Dried Equivalent• • Deatinatlon Jul y Jul y 1943 1942 1942 1942 1942 19•12 1943 1943 1943 1943 1943 1942 TOTAL 9 26 5 6 24· 12 54 42 86 203 820 1,720 Intrastate 1 5 0 2 21 10 22 27 9 13 137 168 Interstate __ ----· 8 21 5 4 3 2 32 15 77 190 683 1,552 Receipts at Texas Stations TOTAL 3 1 0 3 20 25 20 27 16 12 188 175 Intrastate 1 1 0 0 10 20 16 27 15 12 162 170 Interstate 2 0 0 3 10 5 4 0 1 0 26 5 •Dried eggs and fro~en egge are converted to a 1hell-cgg equivalent on the foll owing basis: 1 rail corlond of dr;ed egg1i::::o::8 car1onds of shell eggs, nnd l carload of frozen eggs=2 carJoads of shell eggs. Non:: These data furnished to the Division of Agricultural Stntistice, B.A.E., by rnilrosd officials through agcntll at ull statious which originate and receive carload abipment1 of poultry and eggs. Tho data are compiled by the Bureau of Business Rescnrch. JULY SHIPMENTS OF LIVE STOCK CO VERTED TO A RAIL-CAR BASIS* Cattle Calves Sheep Hog1 Total 1943 194·2 19'13 1942 1943 1942 1943 1942 ma 1942 Total Interstate Plus Fort Worth ___________ 2,694 3,359 596 802 1,304 946 1,343 1,029 5,937 6,136Total Intrastate Omitting Fort Worth ----323 371 129 63 70 33 88 84 610 5~1 TOTAL SHIPMENTS __________ 3,017 3,730 725 865 1,374 979 1,431 1,113 6,547 6,687 TEXAS CAR-LOT* SHIPMENTS OF LIVE STOCK FOR YEAR 1943 Cnttlo Calves Hogo Sheep Total1943 1942 1943 1942 1943 1942 1943 1942 1943 1942 Total Interstate Plus Fort Worth ______ 35.520 32,460 4,363 5,394 10,151 7,188 6,804 6,804 56,838 51.846 Total Intrastate Omitting Fort Worth _____ 5,271 3,508 1 305 737 468 157 390 390 7,434 4,792TOT AL SHIPMENTS ___________ 40,791 35,968 5,668 6,131 10,619 7,345 7,194 7,194 64.,272 56,638 •Rail-car Bn1i1: Cattle, 30 bead per car; calves, 60; hogs, 80; and sheep, 250. Fort Worth 1bipmcnu arc combined with iatersrate forwarding1 in order that the bulk of market disnppcnnrncc for the moalh mtty he ahown. Non: Theac data arc furnished the United States Bureau of Agricultural Economice by railway officials through more than 1,500 station agents, repreacn1in 1<1 every live atock 1bippin&: point in the State. The data are compiled by the Bureau of Business Re1carcb. DAIRY PRODUCTS MANUFACTURED IN PLANTS IN TEXAS Producta and Year Jan. Feb. March April May June July Aui:. Sept. Oct. Nov. Deo. TOTAL CREAMERY BUTTER (1000 lb.) 1943* 3,012 3,001 2,724 3,446 4,740 4,275 4,051 1942. 2,341 2,076 2,131 3,311 4,396 4,353 3,937 3,735 3,640 3,343 2,659 2,341 38,066 1930-39 average _ _ __ 2,074 2,109 2,392 3,138 3,556 3,166 4,113 2,867 2,513 2,608 2,301 2,211 32,048 ICE CREAM (1000 gal.) 1943. 1,554 1,218 1,408 l ,823t 2,327t 2,391:1: 2,758t 1942* 745 700 l,014. 1,312 1,812 2,305 2,476 2,190 l ,838 1,585 1,323 1,046 16.089 1930-39 average ____ 1,215 1,262 434 570 752 893 904 846 686 460 259 205 6,486 AMERICAN CHEESE (1000 lb.) 1943. 874 1,025 1,108 1,633 2,120 1,943 1,896 1942. -----1,308 1,302 1,644 2,204 2,756 2,674 1,989 1,184 713 735 2,580 1,649 20,7171930-39 average ____ 554 590 737 1,050 1,215 1,129 1,119 1,025 866 852 718 641 10,496 MILK EQUIVALENT OF DAIRY PRODUCTSt (1000 lb.) __________________98,377 1943* 90,422 88,540 115,788 154,491 142,700 143,120 1942. ____________75,435 77,913 83,621 105,047 148,707 145,064 145,868 131,841 119,279 104,273 83,502 72,806 1,237,136 1930-39 average _____54,675 57,139 67,456 89,641 104,323 97,562 97,075 89,185 76,165 73,444 60,119 55,872 922,656 •Estimates of production made by the Bureau of Bus.iness Research. fMilk equivalent of dairy product& wu calculated from production data by the Bureau of Businees Reaearch. tlncludes ice cream, sherberts, ices, etc. Non: IO-Year Average production of creamery butter, ice cream and American Cheese based on data from the Division of Agricultural Statistics, B.A.E. BUILDING PERMITPO TAL RE EI PT July, 19-13 July, 1912 Juna, 19:$.3 July, 19 13 July, 19'12 June, 1943 bilene -------·--·--------P ,69 70,812 9, 67 Abilene --------------­37,487 28,377 38,866 51,347 41,994 46,921 Amarillo -·-------------------·-36 09 64,644 56 774 Amarillo _ --------·-----­96,681 85,294 85,023 ustin ----------------------·-18,991 32,572 18,2 2Au tin ---·-------·----·-··­ 43,627 34,569 39,428 Beaumont -------------------· 62,188 54,153 17,36B aumont -----------------­ Big pring -· 9,768 8,007 8,472 Col man ---------------------1,800 1,680 0 7,302 9,074 Corpus hri ti ----------1,385,766 183,397 198,925 Brown ville .. ··-··------­10,553 27,302 15,718 20,428 Corsicana --------------9,856 2,322 2,662 Brownwood --------·-·---­ Childre 4,875 2,966 4,807 Dallas -----------------------634,918 184,328 277,761 Coleman -----------·-­ 3,677 2,978 3,845 Denton --------------------825 535 4,930 orpus hri ti ---------_ 57,183 43,227 53,229 Edinburg -----------------510 825 12,400 or icana ------·--------9,331 7,342 8,011 El Paso ---------------------55,967 61,974 19,480 Dalla ___ -·--·-----------442,686 393,156 445,730 Fort Worth --------·-------453,514 118,028 879,274 6,461 3,380 5,488 Galveston ----------------295,788 28,690 44,709 Del Rio ---------------· 8,456 7,056 8,207 Gladewater ------------------800 0 475D ni on ----------­ Edinburg ---·-----­3,731 2,918 3,353 Graham -----------------3,105 160 0 El P ao .--------·-·-­81,330 61,757 84545 Harlingen --··--·-------------785 800 275 169,127 Houston _______ --------------364,225 111,724 577,020 Fort Worth ------------·­196,675 192,926 Galveston ------· -------------43,235 38,665 43,853 Jacksonville --------·------0 0 550 Gladewater _____ ----------3.860 3,362 3,624 Kerrville ----------------------0 100 51,565 Hnrlingen _____ ----------10,225 7,824 9,737 Lubbock _ ------------------31,427 47,118 21,017 Hou ton --------------­314.663 288.048 319,013 Mc llen ----·------------------2,825 4,555 3,715 5,060 Marshall --------_____ ______ 6,245 9,082 5,550 .lark onville -------------­4.917 3,589 Kenedy -------------------2.357 2, 17 2,367 1idland --------------------800 10,850 2,367 K rrville ------------·--­ 4.259 3,566 3,737 w Braunfels -----··-----295 4,780 1,055 Lubbock -------___ 29.374 23,988 27,434 Pale tine -------------_--------3,535 3,860 0 Lufkin __ ------------6.393 5, 92 6,193 l ampa ----------------------------1,075 2,250 28,050 rAll<'n ------------------6.357 5.136 5, 47 Paris ---------------------------6,865 13,555 6,665 Mar hall ---·------------­ 9.214 9,160 8,536 Plainview -------------------15,100 200 500 Pale.tin -------___ 6,.519 6.260 6,459 Port Arthur --------------·--16,351 17,382 39,924 Pampa .. _ ----------­9.251 8.3 8 8,.518 an Antonio --------------320,913 279,649 484,881 Pnri . -·--· -------·­18.481 8,997 17,738 Sherman --------------------12,186 42,930 11,255 Plainvi w __ ·-------· 5.10.5 4,446 4.405 Snyder ___ ----·--------·-------0 0 0 Port Arthur __ . __ _ 2 . 900 17..568 23. :is Sweetwater --------------------1,580 2.663 2,215 an ng lo 19.tl.'\0 15.7 2 18 280 Texarkana -------------------3,665 12,687 29,132 an ntonio 23'! 7 8 76.?9 224.7.55 Tyler _____ -------------------15,810 7,095 27,4-53 . herman __ _ JO. ') 8.763 10.710 Waco -·------· -----------------93,175 80,567 80,968 nyder • _ -------.041i 1.501 1-798 Wichita Falls -------17,220 44,415 2,579 Sweetwater .. ___ _ 7 S6.5 5.791 7.8'!5 TOTAL --·-·----------------3,885,896 1,500,382 $2,939,148 Tempi .. -· __ ____ _ --14. S? 9.7.57 13 884 Trxar ana ___ 2 .011 19 960 2 .? .0 NoTF.: Compiled from reports from Texas chnmbera of commerce to tho Bureau Tvl r .'\ o~. lli.508 20..570 of Business Research. W11ro 3.76? f)67'i 4 n irhila Falls 4 . 50 3 .236 1-69 T T L Sl,680,019 Sl,963.582 PERCENTAGE CHANGES IN CONSUMPTION OTF.: C<>mriled frC'lm rC'poTt' from Texas cl nmber<1 nf l"ommncr to the Buren.u OF ELECTRIC POWER o( Ilu'Jineu Research. July, 1943 Jul y, 1943 from from T EX H RTERS July, 1942 Juae, 1943 July, 1943 July, 1942 June, 1943 Commercial --------------------------­+ 14.4 + 5.1 I ndustrial ------------------------­+ 19.8 + 5.0 Dome, tir orporations: Residential ------------------------+ 10.9 + 8.3 Capitalization • 1,671 827 $29.5 - ll Others ·-----------------------------+168.8 + 2.1 umh r 66 56 23 -· TOT AL --------·-----------------------+ 36.8 + 4.6 Classification of new corporation : 9 l 0 Ranking-Finance Prepared from reports of 8 electric power companies to the Bureau of Business 1anufac uring 14 13 l --------·-··-- Research. 1err handi ing 9 5 3 Oil 3 3 2 -···-------·-------- Puhlir ervic 0 0 0 Real . tale Building -------25 ll. 7 TEXAS COMMERCI L FAILURES T ransnortation 0 3 0 ----------·---··· II Other 6 20 10 July, 19•13 July, 1942 June, 1943 umh"r capitalized at le than umber _ -------------------------0 4 0 . .5,000 26 24 7 Liabilitie • ----------------------0 20 O um her capitalize at 100,000 or Asse ts• ... __ ------------------0 22 O more 2 2 1 -· -----·----- Ave rage Liabilities per Failure• ___ 0 5 O For iim Corporations ·-----··---------·-­ ( umber) 14 20 7 • In thousands. NoTE : From Dun and Drndetrcct, Inc. •Jn thousands. Non: Compiled from recorda of the Secretary of State. CONTENTS PACI Business Review and Prospect, F. A. Buechel__________________ _ -------------·------.------------------------------------------------------------2 LIST OF CHARTS Indexes of Business Activity in Texas.·-------------------------------------------------------·-·---------------------·------···-·-----l LIST OF TABLES Building Permits ------------·-···-···---·-·--------····-·-----····-·······--·----·····-----··-········· ·-··--·-------·-··---··-·-·-----·---·······--··-·-------------------------------·--··-·-----····-7 Carload Movement of Poultry and Eggs ............... ..... ···-·-·---···-·-· ... ···········---··--···-···-·················-····-··-···-------------------------------------------------·-6 Cement ···········-·····--·---···-----·-··-··-··-···----·---···----··-···-------·-·--------····-------· ················-··-·····-··-····--·-----·--·····-··-·····-··--·------------------------------···--·-----­2 Charters -·······--·----···-·-----------·--····-···-········-···---············--··--··-···-·· ----·--·-· ········-···-·--···-·--··-····-···---·-·---·--··--···--------------------···----------------·­7 Commercial Failures -·····-··-·-··-·-·········--····--········-··--------·-·-·····-·····---·-····-----------------·-··---------·-··---·-··---------------··-----··-----···--------------­7 Commodity Prices ········-·--······--···············----····-··-··-·----------·-------·--·-·-···-··-·······---·-···-·-·--··-------------·-····--··-·-·-·---··-···-··-····---·-·-·-·-·-···--------­5 Cotton Balance Sheet .... ·····-········-·-····· ········-·······---·-------···---·-·-···-················--·····----··········---··········-··--------------··-···---·-··----------····-··---------2 Credit Ratios in Texas Retail Stores ··················--------·····-···-··--··-······-····---···--····-----····-·-··-·-----··-----------·-----------------------------4 Dairy Products Manufactured in Plants in Texas....................... -····-········---·--·-·····-·····------------···--··-····-·------------·---------------------------6 Employment and Pay Rolls in Texas............---·--·-·········----------·-····--········-···-··--·····----····-----------------------··-·--------------------------------------s Lumber ·····-----------------------------·-·····-·····-···-··--·-------···----·--·------·--···-·············--·······---·--·--·-···--·-----·-···-·-------·-·--·-··-·-·--------------···-----····­ 5 Percentage Changes in Consumption of Electric Power.................................... ··············-······--············----------····-···-------··-····--------------··· 7 Petroleum · · ·· ··········-·--···-· · ---·-·-· -····· ·· ·· ··········· ·· · ··· ·-·-·· ··· ·····--·-···--····-···· · ·--·· · ·········-·· · · · -·····-·-···-~-------------·---------------------------·····-----------------------5 Postal Receipts .......................................... ... .. ·····-····--···-·---··-······-·-·····-··-········------------···--------·-····-··-··-····--------------·-··-----------------·--7 Retail Sales of Independent Stores in Texas by Class of Establishment ············-···············--·-·····-·-····-······-·····-·-··--····----·-····------------4 Retail Sales of Independent Stores in Texas by Districts..........·-··············--·----------------·-······--·-···-------------------·----··----------------5 Shipments of Livestock ......... ·-·······-········--·········---··--····---·-··-·······-······-·-·-····-······-········-··--···-·---··-······-···--··-···--··-----·------------·----········-·------6