BUSINESS REVIEW A Monthly Summary of B1tsiness and Economic Condition rn Texa BUREAU OF BUSINESS RESEARCH: THE UNIVERSITY OF TEXA TEXAS METALS, METAL 1 'DUSTRIES A D METALLURGY: Pan II by Eric H . Bucknall / THE B INE SITUATION IN TEXAS by Francis B. May / TEXAS BUILDING co STRUCTIO IN JULY by Robert M. Lockwood VOL. XXX\"III, NO. 9 SEPTEMBER 1964 $3.00 A YEAR TEXAS BUSINESS REVIEW VOL. XXXVIII, NO. 9, SEPTEMBER 1964 Editor: Stanley A. Arbingast / Associate Editor: Robert H. Ryan I Managing Editor: Robert H. Drenner Editorial Board: Stanley A. Arbingast, Chairman; John R. Stockton, Francis B. May, Robert H. Ryan, Robert H. Drenner CONTENTS 221: THE BUSINESS SITUATION IN TEXAS by Francis B. May 224; TEXAS METALS, METAL INDUSTRIES AND METALLURGY: Part II by Eric H. Bucknall 232: TEXAS BUILDING CONSTRUCTION IN JULY by Robert M. Lockwood 234: TEXAS RETAIL SALES IN JULY by Robert H. Drenner CHARTS AND TABLES 221: TEXAS BUSINESS ACTIVITY 222: LEADING PETROLEUM PRODUCING STATES 222: SELECTED BAROMETERS OF TEXAS BUSINESS 222: CRUDE PETROLEUM PRODUCTION IN TEXAS 223: TEXAS INDUSTRIAL PRODUCTION 223: BUSINESS ACTIVITY INDEXES IN 20 TEXAS CITIES 223: TOTAL ELECTRIC POWER CONSUMPTION 226: TEXAS INDUSTRIAL PRODUCTION, TOTAL MANUFACTURING 226: TEXAS INDUSTRIAL PRODUCTION, DURABLE MANUFACTURES 226: TEXAS INDUSTRIAL PRODUCTION, NONDURABLE MANUFACTURES 227: TEXAS INDUSTRIAL PRODUCTION, MINING 227: INDUSTRIAL ELECTRIC POWER USE IN TEXAS 228: REVENUE RECEIPTS OF THE STATE COMPTROLLER 229: CRlTDE OIL RUNS TO STILLS IN TEXAS 229: ORDINARY LIFE INSURANCE SALES IN TEXAS 230: NEWSPAPER AD LINAGE 230: MISCELLANEOUS FREIGHT CARLOADING$ IN THE SOl'THWESTERN DISTRICT 231: CONSUMER PRICES IN THE UNITED STATES 232: BUILDING CONSTRUCTION IN TEXAS 232: ESTIMATED VALUE OF BUILDING AUTHORIZED 233: LOANS BY SAVINGS AND LOAN ASSOCIATIONS 233: HOURS AND EARNINGS 234: ESTIMATES OF TOTAL RETAIL SALES 234: RETAIL SALES TRENDS BY KINDS OF BUSINESS 235: CREDIT RATIOS IN DEPARTMENT AND APPAREL STORES 235: POSTAL RECEIPTS 236: LOCAL BUSINESS CONDITIONS Published monthly by the Bureau of Busi R h c II · . . 0 Second-clasa postage paid at Austin Te ~""te esefrc t{· eg~ o~ Bu~mess Adm1'!1stration, The University of Texas, Austin, Texas, f 0 source will be appreciated. Subscription SSOO n nt. . dt' ·~d pubhca~1on !" not copyrighted and may be reproduced freely. Acknowledirment o . . a year, in iv1 ual cop1e~, 2o ce:qts. BUSINESS RESEARCH COUNCIL John Arch White, Dean of the College of Business Admin­istration (ex officio); John R. Stockton, Jim G. Ashburne Jessamon Dawe, James R. Kay, Stephen L. McDonald: Kenneth W. Olm, and W. T. Tucker BUREAU OF BUSINESS RESEARCH Director: John R. Stockton Associate Director and Resources Specialist: Stanley A. Arbingast Assistant to the Director: Florence Escott Consulting Statistician: Francis B. May Administrative Assistant: Juanita Hammons Research Associate: Charles 0. Bettinger, Robert H. Drenner, Marie Fletcher, Louise K. Iscoe, Joe H. Jones, Ida M. Lambeth, Robert M. Lockwood, Margaret Paulis· sen, Robert H. Ryan, Elizabeth R. Turpin, Robert B. Williamson Research Assistant: Terry D. Kahn, Donald H. McElhone, Harold L. Sides, William W. White Administrative Secretary: Margaret F. Smith Senior Secretary : Diana Rausch Senior Clerk Typist: Pauline M. Casey, Claire Howard, Carollin Mayes, Sharon Wheat Cartographer: Judy Buerkle Library Assistant: Merle Danz Statistical Assistant: Mildred Anderson, Constance Cool edge Statistical Technician: Mary Gorham Cfo•rical Assistant: Pamela Binkley Offset Press Operator: Robert Dorsett, Daniel P. Rosas The Bureau of Business Research is a member of the Associated University Bureaus of Business and Economic Research. In July, the forty-second month of the current cyclical upswing, the seasonally adjusted index of Texas business activity rose 3% to a new high of 152.2% of its 1957-59 base value. At this level the index was 9% above its July 1963 value. Examination of the seasonally adjusted indexes of business activity in twenty Texas cities shows the wide­spread nature of the rise. Seventeen of the twenty had increases over June ranging from 1 % to 13%. One held at the June level of business activity, and two expe­rienced small declines. A year-to-year comparison shows that nineteen of the twenty were above July 1963 by percentages ranging from 3% for Port Arthur to 21 % for Amarillo. Tyler had a slight decline from July 1963. The July peak of the index of business activity for the state was 2.1% above its previous high of 149.1%. This surge is ample testimony to the continued strength of the state's economy. July seasonally adjusted production of crude petroleum was unchanged from June. At 102.8% of average 1957-59 production th~ index was 4% above July 1963. The June and July values are the highest that this index has reached since May 1959. Texas petroleum production totaled 497.5 million bar­rels at the end of the first six months of this year, up 4% from the comparable 1963 period. Data published by World Oil shows that United States production for the same period was 1,403.4 million barrels, up 3% from 1963. Texas produced 35.5% of the national total during the first half of the year and 35.1 % during the first half of 1963. Although the state's increased share of the total represents a small gain over 1963, it is very wel­ come. The five leading petroleum producing states, their first­half shm·e of total domestic production, and their per­centage increases in production over the first half of 1963 are shown on page 222. TEXAS BUSINESS ACTIVITY INDEX-ADJUSTED FOR SEASONAL VARIATION-1957-1959= JOO 1953 '54 '55 '56 '57 '58 '59 '60 '61 NOTE: Shaded areas indicate periods of de cline of total business activity in the United States. SEPTEMBER 1964 LEADING PETROLEUM PRODUCING STATES Production during Percentage Percentage first half increase in share of total (millions of barrels) production domestic pro- State -­1963 1964 over 1963 duction in 1964 California Louisiana New Mexico Texas Wyoming 149.l 257.9 53.6 478.6 73.0 147.7 279.2 56.6 497.5 72.1 1.0• 8.3 5.6 3.9 1.2• 10.5 27.9 4.0 35.5 5.1 •Decrease Source: WORLD OIL, August 1, 1964. Texas and Louisiana made the largest contributions to domestic production. California, which was displaced by Louisiana as the second largest producer in 1958, con­tributed only 10.5% to the domestic total in 1964. The disparity between the California and Louisiana contribu­tions in 1964 is due partly to a gradual decline in Cal­ifornia production since production in that state reached a peak of 365.1 million barrels in 1953 but chiefly to a rapid rise in Louisiana production. Imports of crude petroleum averaged 1,175,000 barrels a day during the first half, up 2.8% from the like 1963 period. The gain in imports was almost equal to the gain in domestic production. Total new supply of crude during this period consisted of domestic production plus im­ports. Texas' share of this figure was 30.8%. Imports accounted for 13.2% of total crude supply. Imports of 213.9 million barrels almost equaled Louisiana produc­tion and greatly exceeded California production. In this <·ontext, imports are the third largest source of petroleum Rupply for the United States, exceeded in volume only by production in Texas and in Louisiana. Seasonally adjusted crude runs to stills rose 4% in July to 120.6% of 1957-59 average monthly runs. This increase placed the index 7% above July 1963. During SELECTED BAROMETERS OF TEXAS BUSINESS ( 1957-59=100) Percent change Index Jul 1964 Jun 1964 Jul 1963 Jul 1964 Jul 1964 from from Jun 1964 Jul 1963 Texas business activity . .152.2• 147.2r 139.3r 9 + + Miscellaneous freight carload­ing in S.W. district 78.9 76.2 80.1 4 + Crude petroleum production . . . . . . 102.8• 102.so 99.Sr •• + 4 Crude oil runs to stills . . .... . ...120.6 116.4 112.8 + + 7 Total electric power consumption 178.8• 163.3• 156.7r + + 14 Industrial power consumption .. 152.6• 148.9• 136.4r + 2 + 12 Bank debits . . 152.8 147.2 140.1 + 4 + 9 Ordinary life insurance sales. . . . . 160.0 157.8 136.5 + 1 + 17 Total retail sales . 135.5* 132.3* 125.8r + 2 + 8 Durable-goods sales . . . .. . ... 152.5• 153.9• 138.8r ­+ 10 Nondurable-goods sales .126.8* 121.1* 1!9.2r + + 6 Urban buildinit permits is~~~d · .. 151.8 121.8 139.8 + 25 + 9 Residential 128.6 122.0 149.1 + -14 Nonresidential . . . .. .. .. . 198.6 116.8 129.4 + 70 + 53 Total industrial production .129* 128• 12Sr + + 5 Total nonfarm employment . 111.2• 110.9• 108.9r •• + 2 Manufacturing employment .. . 109.6• 109.6r 106.8r •• + 3 Total unemployment . . . . . . . 94.4 93.6 107.1 + -12A\'erage weekly earnings­manufacturinJt . .. 117.8• 116.8r 113.4r + + 4 Avera11:e weekly hours-­manufacturing 102.2* 10l.4r 101.7r + •• Adjusted for seasonal variation. •Preliminary, rRevised. • •Chan&'• is leas than one-half of 1o/o. the first seven months of the year runs averaged 116.1% of :he bas~ value, up 4.1 % from the comparable 1963 period. Nationally crude runs to stills for the first half \Vere up 1.2% from the first half of 1963. Demand for gasoline was up 3.9%. Runs of imported crude for the first half were up 1.9%. Runs of domestic crude were up 1.1 % for the same period. September oil production quotas have been raised to 28% of maximum permissible production by the T~u Hailroad Commission. The August allowable was 26.6%. The continuing high level of gasoline demand is en­couraging to producers. It undoubtedly formed a basia for the increase in allowable production. CRL'DE PETROLE M PROOLCTION 11 TEXA S JM)fX -ltDJUSTID ~SEASONAL VMJAHON-1957-1959· 100 NOTE: Shaded a re:a • indicaie period• of decline of IOU.I bafineu act ivity i11 the Ututed St.alu. Natural-gas production in the state continues to rise. Marketed production in 1963 amounted to 6.2 trillion cubic feet, 42.1 % of the United States total. Marketed production in 1962 was 6.1 trillion cubic feet, 43.8% of the national total. Average value at the wellhead wu 12.5 cents per thousand cubic feet in 1963 and 12.8 cents in 1962. Average value at the wellhead for the United States was 15.8 cents in 1963 and 15.5 cents in 1962. Natural-gas liquids in considerable volume are ex­ tracted from gas at the wellhead and sold as a source of home heating fuel, to be blended with gasoline in order to increase the latter's volatility, and as a feedstock for petrochemical plants. Recently a new use, flame cultiva­tion, has been developed. Flaming kills weeds that sur­vive preemergence herbicides. The technique i.s effective and cheaper than hand hoeing. The potential market for this application of natural-gas liquids is estimated to be 5.2 billion gallons a year, approximately equal to the combined markets for the chemical, rubber, and plastic industries. The growth rate of flame cultivation is ex· pected to exceed the combined growth rates of these in­dustries. Total electric power consumption rose 9% in July after seasonal factors are taken into account. The July index value of 178.8% of average monthly consumption in 1957-59 was 14% above July of last year. Industrial power consumption rose 2% in July to a value 12% above July 1963. The larger rise in total than in industrial power consumption indicates substantial rises in residen­tial and commercial consumption of electrical energy. Total power consumption for the first seven months av­eraged 162.0% of 1957-59, up 11.3% from the like 1963 period. Industrial power consumption was up 11.4% from the first seven months of last year. TEXAS BUSINESS REVIEW Mineral fuels are the primary source of electrical en­ergy at present. Most generating plants use oil, coal, and/or natural gas. Price is the determinant of the fuel used. Natural gas is cheap in summer and dear in winter when residential use is high. Another mineral fuel, uran­ium, is becoming increasingly important as costs are lowered. Several plants using fission as a source of en­ergy arH already in operation. More are planned. Other sources of electrical energy such as fuel cells, fusion, and magnetohydrodynamic generators are not econom­ically competitive at present. These will undoubtedly be­come more important sources of energy in the future. The beneficiary of this technological revolution will be the consumer. Seasonally adjusted sales of ordinary life insurance rose 1% in July to 160.0% of average monthly sales in 1957-59. This was the highest July value in the his­tory of the index. In 1962 there were 269 companies in Texas compared with 120 in 1952 engaged in the life insurance business. In 1962 there was a total of $19.5 billion of ordinary life insurance in force on the lives of 4.5 million Texans. A total of $165.7 million in death benefits was paid on 71,000 claims that year. Retail sales rose 2% in July after seasonal adjust­ ment. At 135.5% of the 1957-59 average monthly sales the index was 8% above July 1963. The month-to-month rise resulted from a strong upsurge in sales of non­ durable goods. Sales of durables declined slightly, after seasonal adjustment. Retail sales depend upon consumer spending habits and the amount of personal income. Rising income is accompanied by rising sales. Total personal income of Texas income recipients was $21.1 billion in 1963, accord­ ing to Department of Commerce estimates. This was an . increase of 3.7% over 1962. Per capita income, obtained by dividing total income by population, measures the amount of income relative to the population it must sus­ tain. In 1963, Texas per capita personal income amounted to $2,046, up 1.7% from 1962. Rapid population increase in the state held per capita income to a smaller per­ centage rise than total income. Increases in both total and per capita income which are continuing in 1964 ex­ plain the strength of retail sales in the state. Total urban building permits rose 25% in July after seasonal adjustment. A spectacular rise in nonresidential permits due to a cluster of large permits powered the index. This kind of large fluctuation is characteristic of economic data of the construction industry nationally as well as for the state. Because state totals are rel'•r· oo---,,--~-· '­ NOTE Shided 1 re•• ind.icuc pedod1 of decline of tout bu1ine11 •ct1v1ty in the Um t cd S1a1e1. 130-in. plate mill, together with wire drawing facil­ities, nail machines, etc.; adjacent is the plant of a joint subsidiary with the A. 0. Smith Corporation for the fabrication of pipe. An expansion scheme since car­ried out has embraced a new unit which includes two 100­ton electric furnaces, 16 soaking pits, a 150-ton per hour slab heating furnace, a 160-in. combination slab and plate mill, capable of rolling plates 12-ft. wide and 50-ft. long, and a plate heat-treatment line, which is 450-ft. in length and allows both hardening and tempering as continuous operations, and is essential to the production of the proprietary high tensile steel SSS-100 which has a minimum yield point of 100,000 psi, and a tensile strength of 115,000 to 135,000 psi. As well as supplying skelp to the pipe mill, the Houston plant produces bars, plates, structurals, wire, rods, fences, nails, and rein­forcing bars. A specialty is dished ends for pressure ves­sels. About 10 per cent of Sheffield Division's production is in special and alloy steels. Two subsidiaries are the National Supply Division, a major source of supply for the petroleum industry, and Southwest Steel Products, which fabricates requirements of the construction indus­try. The establishment of a plant at Lone Star near Dain­gerfield in Morris County was a wartime measure financed by the Federal government which gave great satisfac­tion to those inhabitants of Northeast Texas who re­membered the days of the boom at New Birmingham and Rusk. An ore beneficiation plant, coke ovens and a 1,200-ton per day blast furnace had been built, but had not become operational, when World War II came to an end. At the end of the war, the Lone Star Steel Company was set up to take over the plant and operate it as a specialised project for the Texas petroleum in­dustry, as well as acquiring the ore lands and Okla­homa coal mines. It took over in January 1948. Pro­posals to add steelmaking facilities were shelved and in fact the addition was not made until 1953. The company owns or leases 53,000 acres of ore-bearing land within 30 miles of the plant, where limonite and siderite ores occur within 30 feet of the surface. At the neighboring beneficiation plant the ore is crushed washed ~ravity separated, dried, when it has about 45 'per cen; 1rnn, anrl calcined in a 300-ft. long kiln. Fines are sintered. Oklahoma coal feeds a battery of 78 Koppers-Becker ovens a~d yields 1,200 tons of metallurgical coke a day, which serves to smelt the iron ore in the 'Flossie TExiiA~~r~TJl~bfARc~i~~~ION, ll'«>f.X-ADJUSTB> FOi. SEASONAL VA.11ATION-1957.f959· 100 '54 '55 '56 '5 7 '58 '59 '60 '61 '62 '63 NOT £ : Shit.ded 1. ru 1 i ndicue perioda of decline of t otal bu11nu1 auivity 1n the U ni ted Stun TEXAS INDUSTRIAL PHODUCTION, 10NDURABLE MANUFACTU HES INDEX -ADJUSTED FOR SEASONAL VARIAHON-1957.1959 · 100 NOTE: Shaded area~ indu.•le pc nods of dcchnc of total bua1ne11 ac11v11y in theUn1ttd Stuu . Belle' blast furnace. The blast furnace is tapped 4 times a day; the record day yielded 1,407 tons of hot metal. A part of the hot metal is diverted to a centrifugal cast iron pipe foundry which produces 80,000 tons a year of 4-to 12-in. i.d. pipe. The remainder, together with steel scrap, feeds five open-hearth furnaces which handle 250­ton charges in 8 to 12 hours, and yield in aggregate 800,000 tons of ingots a year. The ingots are brok~n clown on a two-high reversing mill to slabs 4-to 7-m. thick and further rolled to skelp from §-to i-in. thick on a four-high mill. Skelp constitutes the feed of pipe mills, where it is levelled and side-trimmed before en­tering the roll-forming stands and being welded long· itudinally. All pipe is normalised before inspection and finishing. The plant includes a stretch-reducing mill which is capable of reducing pipe from 6i-to i-in. nom­inal, with automatic control over wall thickness, Apart from the specialised products referred to, the Lone Star plant produces some reinforcing bar from the side and end trimmings of slabs, plates and skelp. The plant it valued at more than $160 million and employs about 3,000 workers when operating at capacity. The Lone Star plant is unique in several respects. It is probably the only integrated steelworks where the whole blast furnace feed is beneficiated. It has the most specialised product make-up of any steel plant of which the writer is aware. It has also been the seat of pioneer experimentation later followed up elsewhere, on the injection of na~ural gas into the blast furnace, with a view to economising solid fuel. The writer is inde~ to the management for the following statement on then' TEXAS BUSINESS REVIEW TEXAS INDUSTRIAL PRODUCTION. MINI NG INOEX -AlJJUSTED FOR. SEASONAi. VAAl~TION-1957.1959· JOO NOT E: Shaded a rea~ 1ndu:,11e pc nods or tlecl111e of total Ui.ami:ss acuvily 1n the UnHcd States ~xpel'iences, which are not as well known as they should be: ­'As early as 1953 consideration was given to replacing a portion of the metallurgical coke with natural gas. Preliminary tests indicated the following: 1. Natural gas can be introduced into the furnace by injecting it into the hot blast. 2. Natural gas has a cooling effect on the area sur­rounding the tuyeres. 3. To be successful, gas injection must be made into all of the tuyeres. It is essential that the cooling effect of the gas be distributed throughout the entire hearth area, where it can be compensated for by increased blast heat. 'When natural gas is injected into the furnace it combines with oxygen in partial combustion to form CO+H,. Each mol of oxygen used in this reaction lib­erates less heat than if that mol of oxygen were used in the combustion of carbon in coke to form CO. 'One of the important benefits of natural gas injection is the accelerated rate of ore reduction caused by the higher concentration of reducing gases. Mols of CO+H, leaving the tuyere zone per minute during a base period (no injection) were 98 as compared to 107 with 2 per cent gas injection and 112 with 3 per cent gas injection. 'When the shaft contains stronger reducing gases, the ores entering the bosh zone are more nearly reduced. This lowers hearth temperature requirements because oxides increase the melting temperature of the iron­bearing constituents. The higher concentration of reduc­ing gases in the shaft decreases the rate at which the reaction (CO,+C~2CO) proceeds and solution loss will be lower. 'Btu per cubic foot of top gas increased from 90 with­out injection to 110 with 3 per cent injection. Calculations indicate that 30 to 35 per cent of the hydrogen injected with natural gas is utilised within the furnace. 'Natural gas injection has reduced the coke rate and enabled the furnace to operate smoothly with higher blast temperatures. The use of higher blast temperature has increased production. 'The furnace now has more iron-bearing material in the shaft. This material is in contact with stronger rfducing gases for a longer period of time. The charge enters the bosh more nearly reduced, lowering hearth temperature requirements and contributing to a more efficient furnace. 'There is, however, one serious drawback with natural gas injection, i.e., the severe cooling of the hearth. This cooling is caused by the heat required to dissociate the hydrocarbons. Natural gas has an extremely high heat of formation. For this reason work is being done with the injection of other fuels; heavy oils and coal have been used. Promising results have been obtained with both fuels.' Steel is also produced on a small scale by several other Texas firms, mainly foundries with electric furnaces; the largest activity of this type is that of the Le Tourneau organisation at Longview, not far from Daingerfield; this concern started to manufacture steel for its earth­moving and allied equipment, but in recent years has made some of its 100,000 ton production available to the market. Most of the other firms making plain and alloy steels in electric furnaces from scrap consume all the steel made, by producing steel castings. As mentioned earlier, it is not very probable, in view of the coke situation, that additional blast furnace ca­pacity will be set up in Texas, but the small scale of utilisation of the Texas iron ores as compared with the total reserves and with the size of the steel market in Texas at times when the oil industry is fully active suggests that some alternative means will be found to exploit these ores and perhaps, as with other metals, bring foreign ores to Texas for treatment. The H. y L. company in Monterrey, Mexico practices successfully a low-pressure process for the solid state reduction of lump Durango ore with gas made from natural gas with the aid of a Kellog converter. This process might not be directly applicable to beneficiated ore fines, but other allied processes such as the H-iron process developed in Texas for the production of an iron powder catalyst and now used by the Alan-Wood Steel Co. for the manu­facture of iron powder for direct rolling, etc., hold very distinct promise. So far as the writer is aware, no prac­tical steps have been taken to implement such possibilities in Texas, but another alternative to blast furnace smelt­ing, electric smelting, is being pushed energetically by the Sovereign Steel Company of Texas, which hopes to get government help in building a $30 million plant near Palestine, in the Rusk area, which would produce steel or sponge iron directly from marginal ores, using the Strategic-Udy process and following up recommendations made by the U.S. Bureau of Mines. Apart from their lowered or zero demands on metallurgical coke, all these possibilities have, in the writer's view, an important ad- INIHISTHI AL ELECTH IC l'OWrn l SE l 'l TEXAS NOTE: Shaded areal mchc&te penod• or decline of to1;al bu11ne•• u:llV!.ty in 1he United Su.tr•. SEPTEMBER 1964 REVENUE RECEIPTS OF THE STATE COMPTROLLER Source: State Comptroller of Public Accounts September I-July 31 Percent change 1964 1963At"count TOTAL . . . $1,533,179,972 $1 ,411.606,048 + Ad valorem, inheritance and poll taxes 62,268,060 56,074,367 + !l Natural and casinghead gas production taxes 62,384,312 59,193,501 + 5 Crude oil production taxes 116,285,223 112,649,355 + s Other gross receipts and production taxes 25,880,810 26,123,071 Immranre rompnnies and other OC<.'UpRtion taxes 38,033,567 35,753,715 + 6 Motor fuel htxe~ (net) . 198,232,528 187,646,835 + 6 Limited sales, excise and use taxes 164.159,082 144,920,644 + 13 CigRrette tax and licenses . 89,796,591 89,187,440 + 1 Alroholic beverage taxes and licenses 39,073,552 37,444,585 + 4 Automobile and other sales taxes 40,973,483 33,607,451 + 22 All licenses and fees 48,707,918 44,294,795 + 10 FrAnrhise taxes 59,970,987 57,300,530 + 5 Mineral leases, land sales, rentals, Rnd bonuses 22,679,385 17,671,004 + 28 Oil and gas royalties . 29,730,595 28,641,593 + 4 Interest earned 42,481,394 36,970,175 + 15 Unclassified receipts 98,692,395 92,644,084 + 7 Other misC'ellaneous revenue 10,230,709 8,730,301 + 17 Federal aid for highways . . 177,080,421 148,741.360 + 19 Federal aid for public welfare. 159,895,018 151,172,592 + 6 Other federal aid . 42,773,712 39.576,788 + 8 Donations and grants. 3,850,230 3,261,862 + 18 vantage in being capable of efficient operation on a much smaller scale than the blast furnace, a feature which should fit in well with the patchy mode of occurrence of the East Texas ores. Lead: Since the closing of the Federal plant at East Alton, Ill., and the cessation of custom smelting by St. Joseph's Lead Co., the El Paso smelter of ASARCO has been the only mid-continent market for lead concentrates. In recent years, however, the supply of Western and imported ores and concentrates has only been sufficient for operation of the lead side of the smelter at reduced capacity, except when the base bullion produced was going to stockpile. In 1957, 30,000 tons a month of new material was being treated, to give 7,500 tons of lead bullion. The primary lead plant has six Dwight-Lloyd machines, four being used for first-over sinter and two to produce final sinter, which is fed to 56-in. by 15-ft. thimble top blast furnaces, with an effective height of 22~-ft. from which all molten products are tapped while very hot, and are transferred to the drossing kettles, without being allowed to settle into layers of matte, speiss and lead. Slag goes to a fuming plant for zinc recovery. The lead, still at 1,800°F, is mixed in the cast-iron 65-ton kettles with soda ash, coke breeze and baghouse dust from the Dwight-Lloyd plant. The dross is removed by means of a clamshell bucket as it solidifies, and the lead baled to a second drossing kettle of 130-ton capacity where it is de-coppered by addition to sulphur. Bullion is cast as 10­ton pigs for shipment to the Perth Amboy and Omaha refineries. The dross is smelted in a water-jacketed rever­ beratory furnace, which yields soda matte (fed to the copper plant), speiss (sh ipped to San Luis Potosi) and 228 lead bullion, which is fed back to the drossing kettles. Nearly 60 per cent of the United States' supply of lead is drawn from secondary smelters which process lead scrap, battery plates, bearing metals, etc., and produce refined and antimonial lead, as well as alloys. The firms undertaking such work in Texas include three in Hous­ ton, three in Dallas and one in Fort Worth. Magnesium: Texas production of magnesium got under way in 1940 when the Dow Chemical Company built a sea watel'-based plant at Freeport, Brazoria County; the Federal government soon afterwards built two sim­ilar plants at Velasco, in the same vicinity. In 1943, the three plants achieved a phenomenal production of 183,584 tons of magnesium metal. In 1944 a fourth magnesium plant was brought into operation for a short time; this was the Balcones, Austin plant of Interna­tional Mineral and Chemical Corporation, treating dolomite and using power from the Lower Colorado River Author­ity. The buildings now provide a research centre for The Universitv of Texas. At the end of World War II, the demand f~r magnesium dropped sharply to below 10,000 tons a year and the Velasco plants were put on reserve. With the Korean War, one of the plants was recondi­tioned and started up under Dow management. Dow now owns and operates all three plants, and two other U.S. magnesium plants have been established at Canaan, Conn., and Selma, Ala. Dow uses lime obtained by calcining Gulf oyster shell to precipitate the magnesium content of sea water as hydroxide, treats this with hydrochloric acid, crystallises out a hydrated magnesium chloride, dries this so far as is necessary for electrolysis (85 per cent) and feeds to pot­lines where the individual cells contain about 10 tons of molten salts and operate at 6.3 volt DC. Power consump­tion is 8-10 kw. hr. per lb. of magnesium. One ton of magnesium is recovered from 800 tons of sea water. The magnesium finds its market largely as castings, wrought forms for constructional purposes, including tooling plate, plates for cathodic protection of marine and buried structures, pigs for alloying with aluminium, and for use in the alumino-thermic smelting of such metals as uranium and zirconium. Among newer applications is the use of magnesium for sheathing natural uranium slugs in graphite-moderated nuclear reactors. Some of the mag­nesia produced by Dow is diverted to refractory man­ufacture. Manganese: No additional information. Mercury: The cinnabar occurrences in the Terlingua district of Brewster County appear to have been known to the Indians and early Mexican prospectors. Modem interest dates from 1894 and all sites which have since been productive were known by 1905. Although production has only been intermittent, the district has at times ranked second in the United States and is still regarded as very promising. In 1956 and 1957 core-drilling programmes were actively pursued by two private companies and an organisation operating under government contrac~.One of the companies, Lone Star Mercury, installed additional 30-ton rotary furnaces in 1956, but only development quantities have since been produced; e.g., in 1960 the combined Texas and Arizona production was only 128 flasks of 76 lb. out of the national total of 33,233 flasks. A rise in price might cause more active production. TEXAS BUSINESS REVIEW Tin: The Longhorn tin smelter was built at the cost of the United States government during World War II when sources of tin were cut off; it is the only tin smelter in the United States. Until January 1957 it con­tinued operation as a Federal activity under the man­agement of the Tin Processing Corporation, a subsidiary of N. V. Billiton Maatschappij; it was then sold on a down­payment and royalty basis to a well-known New York tungsten firm, the Wah Chang Corporation, which has since worked it on a diversified basis. During World War II the plant had to operate on second-grade concentrates from Bolivia, where all high­grade material was in the hands of the Patino family and contracted to British smelters, plus what high-grade material could be secured from Indonesia and the Congo. Later some Patino ore reached the plant. Between the opening of the plant early in 1942 and the loss of the Singapore and Penang plants to the Japanese, the pro­duction aim was 20,000 tons a year, but this was then raised to 95,000 tons, a target which was never reached, the best year (1946) producing 43,468 long tons, being 46 per cent of world production. Operation was always expensive, largely because of the low tenor (34 per cent) of the main concentrate supply as compared to 74 per cent tin in standard concentrates, but it is stated that the venture as a whole was not financially unsuccessful. Up to the Wah Chang takeover 500,000 long tons of tin had been produced, 341,000 tons of which had gone to a stockpile, which is thought of largely as a protection against price manipulation such as occurred during the Korean War. Today, the Texas City smelter is engaged in the pro­ duction of tin ingots (apparently on a considerably re­ duced scale within the ready market, since 1960 pro­ duction was reported at 11,597 tons), tungsten metal powder, ferro-columbium and ferro-molybdenum and umtalum/ columbium oxides. The following statement is taken from a recent article to which the writer's atten­ tion was drawn by the smelter management. 'Blessed with the proximity of abundant supplies of natural gas and inexpensive chemicals from nearby plants, Wah Chang tin smelter is now operating at a profit. The sprawling 146-acre plant is run on a three-shift, 24­ hour-a-day basis by 130 men, a minimum of manpower in comparison to the 750 to 1,000 employees during the gov­ ernment's ownership. Ore smelted at Wah Chang comes from many sources-and Wah Chang will smelt anything CHl1DE OIL RUNS TO ST ILl.S I~ TE\ •\S INOfX -.lrlJJUSTED FOR SEASONAL VMJATK:>N -1957 1959 · 100 NOT£: ShAded a r o. 1 1nd1c.u e period• o( decline of tot il l b<111ne•• "c11v11y 1n the United St:OTE: Sh;o.ded a reao 1 1nd1c1otc prr1och of dechne of total busane•• actn·1ty 1n the l.;nned ~U•t<·f they can get their hands on. All of the tin bearing the Double Circle trademark of Wah Chang is sold to do­mestic industries. To date, Wah Chang processes some 25 other materials, among them Brazilian Scheelite, Aus­tralian Ilmenite, Nigerian Columbite and Florida Zircon. However, tin remains the number one product.' The article emphasised the large role played by natural gas in the operation, not only for firing roasters, kilns, and furnaces, and heating refining kettles and casting machines, but also as a source of hydrogen for the tung­sten reduction operations. Zinc: In recent years Texas has led the United States in slab zinc production; e.g., in 1961 it produced 191,053 out of the national total of 846,795 tons, which came from 5 electrolytic plants, 7 horizontal retort plants and 4 continuous vertical retort plants. The zinc extraction undertakings in Texas include two horizontal retort distillation plants in the 'Panhandle' and the electrolytic refinery at Corpus Christi, which is in part fed by the slag-fuming operation carried on at ASARCO"S El Paso smelter in connection with lead smelt­ing; otherwise all source materials come from out-of­State (Western) mines or from abroad. Secondary smel­ters operate in the Fort Worth-Dallas area and the Houston-Beaumont area. The Machovec smelter is one of the largest in the nation; it is operated by the American Zinc Co. of Illinois, a subsidiary of American Zinc, Lead and Smelt­ing Co. of St. Louis. In 1956 the Machovec smelter was improved by adding mechanical charging equipment. Later, the procedure at both Panhandle plants was mod­ified in order to bring the quality of most of the product to a higher grade than Prime Western. Apart from the use of natural gas as fuel these plants are basically similar to all zinc plants using Belgian retorts. The natural gas used at the ASARCO Amarillo plant is 'residue gas' from the government helium plant. . High-purity electrolytic zinc has been a commercial product since 1914, but the first instalment of the ~SARCO Corpus Christi electrolytic zinc plant was not laid out until 1942. Erection of a further acid plant, and increase in the power generation facilities and cell rooms in 1951 brought the development to the limits of the site. A deci­cion was then reached to set up a separate unit just out­side the city, to produce high-grade zinc from de-leaded and densified zinc fume from the El Paso smelter and another company smelter in Chihuahua, Mexico. This additional plant came into production in 1953. It comprises in effect a closed cycle in which about half a million gallons of zinc sulphate solution circulate, only a small fraction being at any time in the cells and a similar fraction in the leaching tanks where it takes up zinc from the source material. Production is in the order of 80 to 90 tons of zinc per 24 hours. The raw material is sub­stantially free from cadmium and has a closely controlled composition. The current supply comes to the plant as 69 kV AC; after conversion and rectification DC power is available at 610 v to the extent of 19,500 amperes. The 196 cells are arranged as 14 rows of 14 cells each (two rows of which are normally in reserve). Each cell holds 750 gallons of electrolyte and has 29 anodes and 28 cathodes, which are cleared two rows at a time, at 16-day intervals, becoming the reserve cells. The anodes are of silver-lead and the starter sheets of aluminium. Typically, 88 per cent current efficiency is secured. The stripped zinc cathodes are melted in a 140-ton gas-fired reverberatory furnace under flux and cast as slabs on a straight-line endless chain casting machine with 140 moulds. The facility described brought ASARCO zinc ca­pacity at Corpus Christi to 100,000 tons a year. In 1958, die-casting alloy production was started in a further unit added to the Corpus Christi plant. Metal fabrication and utilisation in Texas Brief mention has already been made of the large number of foundries in Texas. While some of these are typical, small, old-fashioned grey-iron foundries without special skills, others are very large and well organised undertakings, as are for instance the two large foundries in Lufkin, Lufkin Foundry and Machine Company (an important manufacturer of pumping equipment and large gear trains, etc.) and Texas Foundries (primarily a pearlitic malleable iron producer). Several Texas foundries are regular, licensed producers of spheroidal graphite iron castings. There are foundries specialising in steel castings, non-ferrous castings, die-castings and centrifugal castings. When one looks for corresponding strength on the pri­ mary fabrication side, i.e., conversion of ingots and other large sections to slabs, billets, etc., a different picture prese~ts itself. Outside the iron and steel industry such capacity hardly exists in Texas. On the steel side how­ ever, capacity to make large wrought shapes is n~t con­ fined to the two steel mills. Firms such as Cameron Iron Works and Le Tourneau have very large-scale equipment and several of the main out-of-State steel producers have :-.J I·: WSP A PEH A)) LI 1 ACE INOU-.ll)JLJSTED FOi SEASONAi. VAAIATION -19571959· 100 150 100 50 '.:'. ~·<:'.; :~···::: :',',:,; ::::: :: ··::::-' ;8~ ·~ l1~9;~:11"':·;~~·;;:J."-'.·s~8;-L~.59~.~·~-1...,.~6-_4J0 0 1;,;5-'-:;·s~6~·~s~~0 &.,..2 .L..3_J_.­ 6~61.66­ '.\OTE ~h&d~d • re.t• tndHa.tt' P"no~: ~::~~-.L_-1---''---'0 · · · ~:::~-,-...1....,..,,.,--1-~~~ 19:;:1 ·5 1 ·.o;:; '56 ·:;i ·:;s ·59 '6U ·61 ·62 ·6:1 ·61 as Metallurgy, which are apt to become combined with branches of engineering such as Mechanical Engineering (as at the main campus of The University of Texas and at Texas A & M University-the land grant college) or Chemical Engineering, and lose their identity. A current move, which demands careful scrutiny, is towards absorb­ing Metallurgy in an omnium-gatherum subject of Ma­terials Science and then placing this under Chemical Engineering. At the State institutions, many engineers learn a little metallurgy, but in general to become at all well versed in the subject a student must either specialise in it at graduate level at a State University or attend a private, i.e., non-State, university; an exception applies where there is a State School of Mines, as there is in Texas-although currently it is called the Texas Western Branch, El Paso, of The University of Texas. The private university which caters most seriously to Metallurgy in Texas is Rice University. Graduate studies in Metallurgy and metallurgical re­search are proceeding actively at the main campus of The University of Texas and at Rice University, where Professor Brotzen has close research links with the National Aeronautics and Space Administration. At The University of Texas, recently completed theses and dis­sertations have dealt with constitutional topics and indus­trial problems and considerable work has been done on seam and projection welding and on metal cutting, under the joint direction of Metallurgical and Industrial En­gineering faculty members. EDITOR'S NOTE James J. Kelly, managing editor of the TEXAS BUSINESS REVIEW since September 1960, has resigned to accept a position as executive assistant to the director of the Texas Industrial Commission, Mr. Harry Clark. Mr. Kelly's new assignment is one of considerable responsibility and many chal­lenges; the best wishes of the Bureau of Business Research staff are with Mr. Kelly in his new work. The staff of the Bureau is fortunate that Robert H. Drenner, former managing editor of THE TEXAS BUSINESS REVIEW, returned to the stall' of the REVIEW on August 1. Mr. Drenner will not only assume the managing editorship, but he will also assume Mr. Kelly's duties as supervisor of the radio series and the television series sponsored by the Bureau of Business Research. SEPTEMBER 1964 TEXAS BUILDING CONSTRUCTION JN JULY by Robert M. Lockwood A remarkable concentration of heavy nonresidential project authorizations in the larger metropolitan areas and the continued growth of apartment and one-family home permits outside the metropolitan areas pushed the index of total construction authorized in Texas to a 35­month peak in July. At 151.8% of the 1957-59 average, the seasonally adjusted index of total construction was the highest so far recorded this year and the second highest attained in the nearly 18 years of record. Gaining 5% on the 122% of the base-period average recorded in June, the index of residential construction reached 128.6%, the highest figure registered since last October. The July index of nonresidential construction 13 ILOI NG CONSTH UCTION IN TEXAS NOT£-Sh..ded • re• • Indicate pe11odt of decline of 1oul but1ne11 act1vtty in the Unued Stuet. authorized, after adjustment for seasonal variations, rose to 198.67', a 70% increase over the June level and the highest level recorded after the record 214.1 % of July 1960. The ~easonally unadjusted estimates of the values of b.uilding authorized in the state in July revealed, with a s1~g.le exception, uniform general increases. At $140.6 million, the estimated value of new construction author­ized in July surpassed by 21 % the $116.2 million auth­orized ir. June. Although the estimated value of new residentiaI. ~onstruction authorized declined 1 % (less ;han . a. mil hon doll~rs), r~flecting the inability of the .,2-milhon advance m multiple-family housing values to offset a $2.6 million decrease in one-family home per­mits, new nonresidential construction permits aggregated an estimated 56% more than in June, a gain of some $25.2 million. The additions, alterations, and repairs category of building authorizations, which has been running this year at almost 11 % of total estimated values authorized, declined 7% in July, reducing by $1.2 million the gross gain of $24.4 million estimated for new permit values. Estimated total construction permit values for the month amounted to $155.9 million, $23.2 million ahead of the June figure. An estimated 28'/r increase in the value of all con­struction authorized in the central cities of the metro­politan areas combined with a small suburban increase to produce a net gain of 22%, or about $23.8 million, in the estimated values of metropolitan area construction permits. The 2% decline in estimated nonmetropolitan permit values suggests that the vigorous advances in both number and value of dwelling units authorized in ESTIMATED VALUE OF BUILDING AUTHORIZED Source: Bureau of Business Research in cooperation with the Bureau of the Census, U. S. Department of Commerce Percent chan11e Jul Jnn-Jul 196§ 1964 Jul 1964 Jan-Jul 1964 from from Classification (thousands of dollars) Jun 1964 Jan-Jul 1968 ALL PERMITS ..........$155,899 $970,250 + 17 + New construction 140,627 865,995 + 21 + Residential (housekeeping) 70,431 511,321 1 One-family dwellings. 49,764 365,944 5 + 2 Multiple-family dwellings 20,667 145,877 + 10 -10 Nonresidential buildings 70,196 354,674 + 66 + 7 Nonhousekeeping buildings (residential) 875 19,867 -60 + 60 Amusement buildings Churches Industrial buildings . 1,185 s,sos 18,878 12,552 26,059 42,887 + 40 -26 +161 -48 + 41 + 60 Garages (commercial and private) Service stations 481 2,884 4,314 10,667 -46 + 76 -4 + 87 Hospitals and institutions 5,135 34,019 +291 + 10 Office-bank buildings . 17,957 48,865 +454 -20 Works and utilities. 978 6,793 -49 -· 62 Educational buildings 15,624 69,880 + 88 - 9 Stores and mercantile buildings . . . . . 7,223 67,619 -SS + 88 Other buildings and structures 1, 778 11,652 + 17 Additions, alterations, and repairs 15,272 104,255 7 •• METROPOLITAN vs. NONMETROPOLITANt Total metropolitan 131,211 810,888 + 22 1 Central cities Outside central cities. Total nonmetropolitan 103,973 27,288 24,688 628,908 181,485 159,862 + 28 + s 2 8 + a + 20 10,000 to 50,000 population 14,562 89,272 s + 14 Less than 10,000 population 10,126 70,590 2 + 27 tAs defined in 1960 Census. "*Change is less than one-half of 1%. TEXAS BUSINESS REVIEW the nonmetropolitan areas in July represent alargely rel­ative (that is, seasonal) gain, or that these increases were more than offset by absolute or relative declines in nonresidential building planned. The July figures for dwelling units indicate that the estimated values of all types of housing throughout the state are increasing faster--0r decreasing more slowly, LOANS BY SAVINGS AND LOAN ASSOCIATIONS Source: F...!eral Home Loan Bank of Little Rock Percent change Type July 1964 January.July 1964 1963 Jan-July 1964 from Jan-July 1963 Number as the case might be-than the number of units author­ized. In the comparison of July 1964 with July 1963, for example, the value of one-family dwellings authorized increased 2% for the state as a whole, while the number of units declined 3%. In the metropolitan areas, the corresponding figures were declines of 2% and 5%, re­spectively, and, in the nonmetropolitan areas, increases of 19% and 6%, respectively. Two-family dwellings au­thorized in Texas increased 19% in value and 12% in number of units from July 1963 to July 1964. The in­creases in the metropolitan areas were 13% and 11%, and those in the nonmetropolitan areas amounted to 63% and 16%. Apartments authorized throughout the state declined 12% in value and 13% in number of units from July 1963 to July 1964, reflecting the experience of the metropolitan areas, where the decreases amounted to 16% and 17% respectively. Extremely large gains outside the metropolitan areas over the same period-130% and 132%-failed to do more than attenuate slightly the July-to-.July trend experienced in the metropolitan areas. Accounting for more than a quarter of the estimated value of nonresidential construction authorized in July, office-bank buildings increased their permit values from ALL LOANS 6,623 42,256 89,116 8 + Construction 1,283 7,907 7,420 + 7 Purchase 8,830 20,984 18,291 + 14 Other 2,010 18,415 13,405 •• Value (thousands of dollars) ALL LOANS ........91,817 587,553 513,565 + 14 Construction . 20,528 126,546 112.762 ········ · · + 12 Purchase ... 44,406 278,477 228,160 + 22 Other ... 26,883 182,580 172,643 6 + **Change is less than one-half of 1%. June by some $14.8 million, primarily the result of three large authorizations in the Houston metropolitan area aggregating an estimated $13 million. This category ac­counted for more than 18% of the estimated cumulative uonresidential valuations for the year through July. With an estimated $13.4 million authorized, $8.3 mil­lion more than in June, the category of industrial build­ings provided about 19% of total estimated non-residen­tial valuations for July. Some $9.5 million of the July total was accounted for by two projects in Dallas and Houston. Because most heavy industrial construction quite naturally is located beyond the political limits of permit-issuing authorities, this category is necessarily understated. HOURS AND EARNINGS Source: Texas Employment Commission in cooperation with the Bureau of Labor Statistics, U.S. Department of Labor Average weekly earnings Average weekly hours Average hourly earnings July• June July July* June July July• June JulyIndustry 1964 1964 1963 1964 1964 1963 1964 1964 1963 ALL MANUFACTURING .... .. .. .... .. ...... .... 102.48 101.16 98.65 42.0 41.8 41.8 2.44 2.42 2.36 Durable IO<>da .... ..... .... ........ . . . ............. 105.35 104.25 99.64 43.0 42.9 42.4 2.45 2.43 2.35 Lumber and wood producta..... .. .. ..... ...... ....... . 70.20 71.16 67.70 43.6 44.2 43.4 1.61 1.61 1.56 Furniture and fixtures..... ........ .... ..... ... .... .... 74.16 73.78 71.63 40.3 40.1 40.7 1.84 1.84 1.76 Stone, clay, and glass products . .... ... ... .. ... ....... . 89.80 91.51 87.75 44.9 45.S 46.0 2.00 2.02 1.95 Primary metal industries......... .. . .... . . .• ..... • .... 123.43 122.64 121.25 41.7 42.0 41.l 2.96 2.92 2.95 Fabricated metal products..... .......... .... .. .... .... 109.59 107.45 104.35 45.1 44.4 43.3 2.43 2.42 2.41 Machinery, except electrical. ........... . ......... . ..... 111.10 109.42 102.62 44.8 44.3 43.3 2.48 2.47 2.87 Oil field machinery. ..... . . . . .. . . .. . . . . . . ..• . . ...... 121.58 120.22 111.99 44.7 44.2 42.1 2.72 2.72 2.66 Transportation equipment ···· ··· ··· ··· .... .. ......... 131.15 129.78 124.07 41.9 42.0 42.2 3.13 3.09 2.94 Nondurable goods . .. ............ .. . . . . .. . . . . . 99.46 98.33 97.41 41.l 40.8 41.l 2.42 2.41 2.87 Food and kindred products. ..... .. ..... ..... ..... ... 88.62 86.52 84.65 42.2 42.0 41.7 2.10 2.06 2.08 Meat products ...... .......... .............. 96.56 95.91 94.60 41.8 41.7 40.6 2.31 2.80 2.38 Textile mill products . ················ ···· · ······· · ···· 67.15 67.67 59.83 42.6 43.1 40.7 l.58 1.57 1.47 Broad woven fabric mills. ············· ······· ······· · 68.26 68.37 59.09 42.4 43.0 40.2 1.61 1.59 1.47 Apparel and other finished textile products... 56.21 Paper and allied products. . . . ....... .. . . .... . . . . .. .. . . 114.11 54.14 115.63 53.65 115.10 38.5 42.9 37.6 4S.8 88.6 44.1 l.46 2.66 1.44 2.64 1.89 2.61 Printing, publishing, and allied industries . ..... 103.89 103.62 98.43 39.5 39.1 38.3 2.63 2.66 2.57 Chemicals and allied products . ...... . . .. .. . . . . . • . . . . . . 140.68 188.84 137.82 42.5 42.2 42.8 3.81 8.29 8.22 Petroleum refining and related industries. . . . . .. . . . . ... 138.51 189.59 141.62 41.1 41.8 42.4 3.37 8.38 8.84 Leather and leather products. ....... . ...... ... 68.24 62.06 55.89 40.8 43.1 40.5 1.55 l.44 1.88 NONMANUFACTURING Mining .. .. ·· ··· ········· ····· ........... . .. ....... 121.62 119.94 116.33 43.4 43.3 42.3 2.80 2.77 2.75 Crude petroleum and natural gas. . . . .. ....• . ... . ... .. . 123.27 Sulphur ..... . .. .. . .. . . . . . ... 121.20·············· ······ ··· ·· 121.82 119.38 117.88 119.70 43.1 40.0 43.2 39.4 42.1 39.9 2.86 3.03 2.82 8.03 2.80 3.00 Public utilities .... . .•.... .. .. . . . ... . .. . ............. ... 102.91 101.85 97.69 40.2 40.1 40.2 2.56 2.54 2.43 Wholesale trade ..... .. . • . ... .. ...... . . . ..... • . ..... ... .. 101.44 Retail trade 69.77······· · ·· · ·· ·· ··· ······· ..... .......... 100.30 68.80 97.67 67.49 42.8 40.1 42.5 40.0 42.1 40.9 2.87 1.74 2.36 1.72 2.82 1.65 •Preliminary, subject to revision upon receipt of additional reports. Fiiruree do not cover proprietors, firm members, or other principal executives. SEPTEMBER 1964 TEXAS RETAIL SALES IN JULY by Robert H. Drenner The preliminary estimate of total retail sales in Texas in July indicates a 2% rise in dollar sales from June. Normally there is a very small decline in retail sales in the state between the two months, and, therefore, the seasonally adjusted index of total retail sales ros,e from 132.2% of the 1957-59 average in June to 135.5% in July. Thto modest 2% actual increase in June-to-July receipts of Texas merchants compares with no signifi- ESTIMATES OF TOTAL RETAIL SALES Percent change Classification Jul Jan-Jul 1964 1964 (millions of dollars) Jul 1964 from Jun 1964 Jul 1964 from Jul 1963 JJ an-Jul 1964 from an-Jul 1963 TOTAL ..........$1,173.8 $7,804.0 + 2 + 8 + 5 Durable goods• 488.2 8,114.8 + 1 +10 + 6 Nondurable goods 685.6 4,689.7 + 8 + 6 + 4 •Contains automotive stores, material, and hardware storet1. furniture stores, and lumber, building cant change between the :·etail sales, according to two months preliminary in total estimates n ational by the U. S. Department of Commerce. In Texas, sales by dur­able-goods stores rose l '/r in July from the previous month, and sales by nondurable-goods stores were up 3%. The comparable national percent changes were -3% and +l '!( , respectively. Sales by Texas nondurable-goods stores accounted fo1· 58% of total retail sales in the state in July. Nationally, such stores accounted for 66% of the retail sales total. Texas retail volume this July showed an 8% gain from th~ same month last year, compared with a 6'/r gain for the nation as a whole. In Texas, sales of durable goods rose 10% and sales of nondurable goods rose 6%. By comparison, nationally durable-goods stores improved July 1964 volume 5 '!( from July 1963, while sales by nondurables stores showed the same percentage gain achieved by Texas nondurable-goods stores. . For the first seven months of 1964, total retail sales m Texas 1:ose 5% from the same seven-month period last ye~r. P1·ehmmary estimates indicate that the retail sales gam foi the nation, in the same comparison, was vir­tual~y the same as for Texas. It is worth noting that retail volu.me in Texas for January-July 1963 showed a substantially smaller 3% rise from January-July 1962. Sales by Texas automotive ·stores (including motor vehicle dealers) rose 1% from June to July, a gain some­what below the 3% normal seasonal improvement in such sales between the two months. Sales in this category were up 12%, however, over July 1963, and up 9% for January-.Tuly 1964 from the same seven-month period a year ago. In comparison, retail volume of the automo­tive category for the country as a whole declined ,.3 from June to July, was up 9% from July 1963, and rose 6% from January-July 1963. It is noteworthy that the automotive store category accounted for about 80% of total durable goods dollar volume in Texas in July, and that the same category was responsible for roughly 56% of durable goods sales in the same month for the country as a whole. For the first seven months of 1964, sales by Texas automotive stores amounted to 70% of durable goods dollar volume in the state. The comparable national figure was approx­imately €0%. Sales by motor vehicle dealers normally account for about 90% of dollar sales by the automo­tive store category. For January-July 1964, durable goods sales were responsible for about 40% of total retail dollar volume in Texas; nationally, durable goods ac­counted for 33% of total retail sales. The implication is that total dollar retail sales in Texas are substantially more dependent on Texans' purchases of automobiles (especially of new automobiles) than is the case for the country at large. In other words, the average Texan normally spends a significantly greater portion of his disposable income in the automobile-purchase area than the average non-Texan does. Approximately twenty-five cents of every average dollar spent at retail in Texas thus far this year has been spent on the purchase of an automobile. Corroborative evidence that Texans are doing more than their share to make 1964 a record in sales by RETAIL SALES TRENDS BY KINDS OF BUSINESS Soul'ce: Bureau of Business Research in cooperation with the Bureau of the Census, U. S. Department of Commerce Percent chanire Normal seasonal• Actual Kind of business Number of Jul reporting from establishments Jun Jul 1964 Jul 1964 from from Jun 1964 Jul 1968 Jan-Jul 196' from Jan-Jul 1968 DURABLE GOODS Automotives storest ..418 + s + 1 +12 + 9 Furniture & household appliance storest ......211 •• + 6 + 4 + 8 Lumber, building tnRterial, and hardware stores .262 + 1 •• + 4 + 1 NONDURABLE GOODS Apparel stores Drugstores .. ...849 ... . . 222 -1 ·-1 + 8•• + 8 + 5 + 6 + 8 Eating and drinking places .... 98 Food stores ............ .882 + 2 + 1 + 4 + s + 4 + 2 + 8 + 8 Gasoline and service stations .. 558 -2 + 1 + 8 +I General merchandise storest ...........833 -2 + 7 + 4 + 8 Other retail stores . .......315 -8 -2 + 1 + 2 0 Average seasonal change from preceding month to current month. '°Change is less than one-half of 1%. t includes kinds of business ·other than classification listed.. TEXAS BUSINESS REVIEW CREDIT RATIOS IN DEPARTMENT AND APPAREL STORES Ratio of Ratio of credit sales collections to to net sales• outstandingst Number of reporting July July Jul Jul Cla11lfication stores 1964 1968 1964 1968 STORES ... 42 64.9 64.5 83.8 32.0 ALL ··· ··· ······ BY CITIES Austin . . ... ...... ... ... .. 4 66.8 67.0 46.1 45.6 ····· -· ···· ·······. Dallss 4 69.6 69.2 45.6 48.9 Houston . .. 64.2 68.8 31.8 29.1 Ssn Antonio 4 71.5 78.6 88.2 84.7 Waco ....... . . . . . .. .. . 8 60.0 60.8 39.5 89.1 BY TYPE OF STORE Department stores (over $1 million) . . .11 62.1 61.5 81.2 28.8 Department stores (under $1 million) . 6 58.4 57.9 82.8 32.6 Dry goods and apparel stores . 8 74.8 74.8 43.2 48.0 Women's specialty shops.... .. ll 65.7 66.6 34.8 35.3 Men's clothing stores . 69.8 69.4 89.1 38.9 BY VOLUME OF NET SALES $1,500,000 and over. . 15 65.3 64.9 83.5 81.7 $500,000 to $1,500,000 . ....12 61.3 61.6 38.3 38.2 1250,000 to $500,000 . 7 58.3 56.6 39.3 37.4 Leu than $250,000 .. 8 54.8 54.3 27.5 26.0 •Credit sales divided by net sales. tCollectlons during the month as a percent of accounts unpaid on the first of the month. U. S. car manufacturers is provided by a report from the Federal Reserve Bank of Dallas that new passenger car registrations in four major Texas market areas (Dallas, Houston, Fort Worth, and San Antonio) for the ftrat six months of this year were up 13% from the same pel'iod a year ago. In the remainder of the durable-goods category, sales by lum::>er, building material, and hardware stores were roughly the same in July as in June, were up 4% from July 1963, and were up 1% for January-July from the same seven months last year. The category's showing was materially assisted by sales by farm implement dealers, which rose 34% in July from the preceding month, were up 29% from July 1963, and registered a !1% gain in January-July from the comparable period last year. July volume of furniture and household appli­ance stores rose 6% from June, 4% from July 1963, and 6% from January-July of last year. In the nondurable-goods category, July sales by apparel stores were up 8% from June, 8% from July 1963, and were up 5% for January-July from the comparable 1963 period. Volume of general merchandise stores rose 7%, 4%, and 6% in the same comparisons. Department store sales, which are included in the general merchan­dise group and account for the major portion of the group's dollar volume, exceeded June sales by 9%, gained 6% from July a year ago, and rose 6% in January-July from the first seven months of 1963. Apparel stores ac­counted for 19% of all nondurable goods sales in Texas in July (versus only 8% nationally), and since a large portion of department store .(olume is in apparel, the high rate of retail spending on clothing in the state so far this year has been a major factor in the percent­age gains of the entire nondurables category and of total retail sales as well. It is instructive that the reported encouraging gain in Texas personal income this year is being reflected in the retail trade area chiefly in the automobile, furniture, and apparel categories. All other retail sales categories are showing considerably smaller increases from cumu­lative sales last year, at least to date. The increase in personal income and a general confidence in the imme­diate e~onomic future are also borne out by the most recent data on consumer borrowing in Texas. The Fed­eral Reserve Bank of Dallas recently reported that con­sumer-type Joans granted by member banks of the Eleventh Federal Reserve District were up 23.5% in the first half of 1964 from the same period last year. Depart­ment and apparel stores over the state generally report a smallP.r but significant rise in credit sales in relation to net sales, and also report an increase in the ratio of collections to oustandings. In other words, Texans are charging more at apparel and department stores, but 0 they a1·e also paying their monthly bills from those stores more promptly. POSTAL RECEIPTS Percent change June 20. 1964-June 20, 1964­ July 17, 1964 July 17, 1964 from from June 20, 1964-May 23, 1964-June 22, 1963­City July 17, 1964 June 19, 1964 July 19, 1963 Alvin ..... . ll,483 + 20 + 19 Angleton ..10,616 + 85 + 8 Ballinger 6,609 + 34 + 26 Bellaire . ... 46,168 + 2 + 41 Belton .... 12,485 + 33 + 14 Breckenridge 9,375 + 36 + 9 Carrizo Springs 3,721 + 28 -2 Carthage ...... . . . .. . 7,680 + 8 + 11 Childress 7,116 + 25 -6 Cleveland 6,885 + 11 + 9 Coleman 9,123 + 20 + 17 Columbus 6,617 + 65 + 43 Commerce 4,762 -11 -25 Crockett 8,855 + 24 •• Cuero 7,156 + 80 + 22 Dalhart 7,635 + 26 + 13 El Campo ...18,876 + 29 + 9 Electra 4,825 + 1 -10 Falfurrias 6,170 -4 + 10 Freeport ........ . . ... .. 18,854 + 16 + 7 Galena Park 7,111 + 13 + 19 Georgetown 6,206 + 9 -7 Gilmer . . . . . . . . . . . . . 7,384 + 22 + 86 Gonzales 7,547 + 25 -8 Groves . . . . . . . . . . 7,778 + 12 + 7 Hearne 6,145 + 56 + 40 Hillsboro 7,881 + 7 -10 Hurst .. ....... ........ 10,977 + 24 + 22 Kenedy 5,420 + 31 + 24 Kerrville .15,706 -16 ­ 8 La Grange 6,025 + 2 + 21 Lalee Jackson 7,774 + 24 + 28 Lib~rty 8,408 -7 -4 Marlin 8,688 + 2 + 1 Mathis 4,274 + 80 + lli Navasota 5,761 + 5 -10 Perryton 9,497 -10 -9 Pittsburg 4,231 ­ 4 -15 Port Lavaca ....12,716 + 20 + 18 Refugio 6,104 + 25 + 16 Rusk 6,758 + 18 + 10 2 7 Seminole 5,952 + + Stephenville 9,978 + 10 ­ 6 Taft 4,128 + 17 + 13 Wharton 9,532 + 14 -8 Winnsboro 5,044 + 81 + 44 Yoakum .15.362 -+ 3 9 ••Change is less than one-half of 1%. SEPTEMBER 1964 LOCAL BUSINESS CONDITIONS Percent change Percent change July 1964 July 1964 July 1964 July 1964 July from from July from from City and item 1964 June 1964 July 1963 City and item 1964 June 1964 July 1968 ABILENE AMARILLO Standard Metropolitan Statistical Area Staridard Metropolitan Statistical Area (pop. 126,9901; Jones and Taylor2) (pop. 166,6161; Potter and Randal12) Nonfarm employment (area) . 36,250 -1 -1 Nonfarm employment (area) . 64,500 + 1 MRnufRcturing employment (area) 4,360 •• + 6 Manufacturing employment (area) . 6,420 •• + Percent unemployed (area) . 6.0 -4 -1'1 Percent unemployed (area) . 8.9 + + ABILENE (pop. 90,368) AMARILLO (pop. 155,205r) Retail sales 2t + 16 + 10 Retail sales 2t + 1 + 8 Apparel stores lt + 12 + 26 Apparel stores lt + 4 + 11 Automotive etores + St + 16 + 10 Automotive stores + St -11 + a Drug stores Florists -11 lt + 2 + 13 + 2 Food stores .. ... ..... + lt + 7 -2 Furniture and household Furniture and household appliance stores •• + 9 9 Rppliance stores •• + 42 + 26 General merchandise stores 2t + 10 2 General merchandise stores . -2t + 30 + 17 Lumber, building material, Postal receipts• 129,303 + 1 •• and hardware stores + 1t + 2 +11 Building permits, less federal contracts $ 1,179,647 + e + 67 + 7 Postal receipts• $ 255,238 + 7 Bunk debits (thousands) .. ... $ 116,968 + 6 Building permits, less federal contracts $ 3,541,380 + 7 -28 End-of-month deposits (thousands) i. s 67,203 + 4 Bank debits (thousands) $ 320,982 + 2 +21 Annual rate of deposit turnover . 21.1 + 14 End-of-month deposits (thousands) t ..$ 129,285 •• + 7 Annual rate of deposit turnover . 29.9 •• + 11 ALICE (pop. 20,861) Retail sales 2t •• + 3 CANYON (pop. 5,864) Food stores + 1 t + 14 + 10 Postal receipts• .. ... .. $ 11,815 +107 +64 Lumber, building material, Building permits, less federal contracts $ 84,250 -47 -70 and hardware stores + lt + 12 + 40 Bank debits (thousands) ....... . .. . .. $ 7,365 + 18 + 6 Postal receipts>) 25,523 + 36 + 16 End-of-month deposits (thousands) i .. $ 6,390 •• + 1 Building permits, less federal c~n~r~cts + 6 235,500 +421 -64 Annual rate of deposit turnover. 13.8 + 11 ALPINE (pop. 4,740) ANDREWS (pop. 11,135) Postal receipts(:. .. $ 7,853 + 63 + 29 + 10 Postal receipts• .. _..... ......... _ . . $ 10,668 + 48 Building permits, less federal c~ntr~ct~ $ 2,300 + 6 -96 -97 Building permits, less federal contracts $ 43,235 +140Bunk debits (thousands) . . $ 3,178 •• + 6 6,620 + 16 + 6 Bank debits (thousands) ... ... _.... . . $ End-of-month deposits (thousands) i: $ + 1 3,894 -2 End-of-month deposits (thousands)t, . $ 6,44'1 -7 Annual rate of deposit turnover . . ... 9.5 -2 •• Annual rate of deposit turnover _ 11.7 + 21 + 6 236 TEXAS BUSINESS REVIEW Indicators of business conditions in Texas cities pub­lished in this table include retail trade, postal receipts, building permits, banking, and employment. City infor­mation is published when a minimum of three indicators is available. The cities have been grouped according to Standard Metropolitan Statistical Areas. In Texas all 21 SMSA's are defined by county lines and, for this reason, the counties are listed under the major heading for the area.2 The populations shown for the SMSA's are estimates for April 1, 1963,1 prepared by the Population Research Cen­ter, Department of Sociology, The University of Texas. The cities within the counties are listed with the appro­priate SMSA; all other cities are listed alphabetically. The population shown after the city name is the 1960 Census figure with the exception of those marked (r), which are estimates officially recognized by the Texas Highway Department. Retail sales data are reported in this tabulation only when three or more stores report for the category. The first column contains an average percent change from the preceding month marked by a dagger (t). This is the normal seasonal change in sales by that kind of busi­ness. The second column shows the percent change in actual sales reported for the month. The third column shows the change in sales from the same month of the preceding year. A large variation between the normal seasonal change and the reported change indicates an abnormal month. Waco retail sales information is re­ported in cooperation with the Baylor Bureau of Busi­ness Research. Postal receipts information which is marked by an asterisk (*) indicates cash received during the four-week postal accounting period ended July 17, 1964. End-of-month deposits as reported represent money on deposit in inJividual demand deposit accounts on the last day of the month and are indicated by the symbol m. Figures under Texarkana with the following symbol (§) are for Texarkana, Texas, only. Changes of less than one-half of 1% are marked with a double asterisk (**) . Percent change Percent rhang., Local Bllsiness Conditions Local Business Conditions July 1964 July 1964 July 1964 July 196~ July from from July from from City and item 1964 June 1964 July 1963 City and item 1964 June 1964 July 1%S ARANSAS PASS (pop. 6,956) NEDERLAND (poJ>. 12,036) Postal receipts• . . . . . . ... .. . $ 6,520 + 46 + 7 Building permits, leu federal contracts $ 9,660 + 36 -38 10.348 + 23 + 20 Postal receiptsf.ii $ Bank debits (thousands). $ 6,468 + 21 -10 Bank debits (thousands) S 8,899 + 41 + 26 End-of-month deposits (thousands) i $ 5,072 -1 -16 End-of-month deposits (thousands) t $ 5,088 .. + 25 Annual rate of depoait turnover... 12.9 + 21 + 8 Annual rate of deposit turnover 20.0 + 38 •• ARLINGTON: see FORT WORTH SMSA ORANGE (pop. 25,605) Retail salesATHENS (pop. 7,086) Automotive stores Postal receipts• . . . . .. ... .. $ 12,185 + 21 + 21 + St -2 + 6 Postal receipts• $ 27.603 -12 + 9Building permits, Iese federal contracts $ 338,500 +210 +449 Building permits, less federnl contracts $ 107,263 -69 + 66 Bank debits (thousands) . . .. . . $ 13,087 + lS + 18 Bank debits (thousands) $ 28.923 + 8End-of-month deposits (thousands) t .. $ 8,445 -12 -11 End-of-month deposits tthousands)t $ 23,986 -3 - 5Annual rate of deposit turnover. 17.4 + 28 + 28 Annual rate of deposit turnover . 14.S + 6 -7 AUSTIN Nonfarm placements 178 -13 + 29 Standard Metropolitan Statistical Area (pop. 234,39!1; Travis2) PORT ARTHUR (pop. 66,676) Nonfarm employment (area) . 88,900 -2 + 4 Retail sales 2t 2 + 19 Manufacturing employment (area) . 6,250 •• + 6 Automotive stores + St 4 + 36 Percent unemployed (area) . 8.1 -16 -24 Eating and drinking places. + 2t 1 6 AUSTIN (pop. 186,545) Food stores + 1+ + 6 -4 Retail Hies 2t + 6 + 2 Furniture and household Apparel stores . .. 1t + 8 + 7 appliance stores •• -18 -23 Automotive atores + St + 15 + 17 Postal receipts• S 59,463 + 5 -2 Drug stores . . . .. lt + 8 Building permits, less federal contracts $ 312.820 -79 -48 Eating and drinking places . + 2t 6 8 Bank debits (thousands) . . ......$ 68,308 + 7 + s Food atorea .. ........ .. . + lt + 4 4 End-of-month deposits (thousands) t .$ 40,790 3 5 Furniture and household Annual rate of deposit turncver .. 19.8 + 9 + 6 appliance stores . . . . . . . •• + 6 •• General merchandise stores . 2t 2 -U PORT NECHES (pop. 8,696) Lumber, building material, and hardware stores + lt -5 Postal receipts• .$ 7,866 -2 + 20 Poatal receipts• .. .$ 498,540 + 25 Building permits, less federal contracts $ 414,896 +537 +200 Building permits, less federal contracts $ 4,253,353 + 12 -28 Bank debits (thousands) . . $ 8,757 + 4 -s Bank debits (thousands) . . . $ 294,974 + + 10 End-of-month deposits (thousands) t. $ 6,647 + 5 + lS End-of-month deposits (thousands) t. $ 168,132 + 2 + 7 Annual rate of deposit turnover . 16.2 + 9 -8 Annual rate of deposit turnover. 21.2 + 3 + 4 BEEVILLE (pop. 13,811) Retail sales Retail sales Automotive atores + 3t + 9 + 16 Drug stores -It + 4 + 5 General merchandise stores -2t + 16 + 19 Postal receipts• $ 14,525 + 24 + 17 Pootal receipts• .$ 16,980 + 20 + 23 Building permits, less federal contracts $ 50.025 -36 -18 Bank debits (thousands) . $ 16,506 + 7 + 12 Bank debits (thousands) . S 12.~90 + 16 + 9 End-of-month deposits (thousands) i. $ 23,323 s + 8 End-of-month deposits (thousands) t 14,523 -2 + 2 Annual rate of deposit turnover. 8.4 + 9 + 1 Annual rate of deposit turnover . 10.1 + 17 + Nonfarm placements 109 3 +102 Nonfarm placements 125 + 8 + 11 BAY CITY (pop. 11,656) BAYTOWN: see HOUSTON SMSA BIG SPRING (pop. 31,230) BEAUMONT-PORT ARTHUR 2t 3 + 13 Retail sales Standard Metropolitan Statistical Area Automotive stores + st 7 + 19 (pop. 318,0541; Jefferson and Orange2 ) Drug stores lt 6 Lumber, building material, Nonfarm employment (area) . . . 114,100 •• + 5 Manufacturing employment (area) . S5,500 2 -1 and hardware stores + -6 + 3 Postal receipts• $ 38,576 + 27 8 Building permits, less federal contracts S 346.990 -66 +203 Percent unemployed (area) . 6.8 + 2 -11 BEAUMONT (pop. 119,175) Bank debits (thousands) . . S 36.861 + 9 Retail sales 2t 6 + 8 End-of-month deposits (thousands) t $ 24.106 + 5 + 4 Apparel stores ... ... .... . . .. . . . . . . lt + 8 + 8 Annual rate of deposit turnover . 18.8 + 1 6 Automotive stores ... . ..... . .. . + St 6 + 11 Nonfarm placements 192 -17 2 Drug stores lt •• + 3 Eating and drinking places. + 2t + 5 -4 Food stores . . ..... .. . . + lt + 7 12 BISHOP: see CORPUS CHRISTI SMSA - Furniture and household appliance stores . . . . . •• 2 + 18 Guoline and aervice stations. 2t + 3 + 5 BONHAM (pop. 7,357) Lumber, building material, Retail sales + 3t + 2 + 15 and hardware stores.... . -13 5 Automotive stores + lt 7,389 -11 + 1 Pootal reeelpta• . ... ... ... . . . .. ... ... $ 158,108 + 6 + 11 Postal receipts• S -72 Building permits, leas federal contracts $ 890,707 -24 -4 Building permits, less federal contracts $ 33,500 -49 7,759 -9 Bank debits (thousands) .. . .... .... .. S 217,956 + 2 + 10 Bank debits (thousands) . .$ .. End-of-month deposits (thouaandali. . $ End-of-month del>()!lits (thousands) t ..$ 7,665 5 100,644 4 -5 Annual rate of depoait turnover. 26.4 + 8 + 14 Annual rate of deposit turnover . 12.2 -8 + 2 SEPTEMBER 1964 Percent change Percent chanae Local Business Conditions Local Business Conditions July 1964 July 1964 July 1964 July 1964 July from from July from from City and item 1964 June 1964 July 1963 City and item 1964 June 1964 July 1963 BORGER (pop. 20,911) PORT ISABEL (pop. 3,575) Postal receipts• 22,640 + 17 + 11 Postal receipts• . . . . . . . . . . . . . . . . . . $ S,61' + 59 +21 Building permits, less federal contracts 261,250 -40 + 64 Building permits, less federal contracts $ 20,200 + 42 +88 Nonfarm placements 147 -29 + 36 Bank debits (thousands) . . .$ 1,547 + 15 +18 End-of-month deposits (thousands) t .. $ 1,052 -10 + 8 Annual rate of deposit turnover . 16.7 . + 28 + 1 BRADY (pop. 5,338) Postal receipts• .. .$ 7,063 + 50 + 20 Building permits, less federal contracts $ 103,532 +143 +122 SAN BENITO (pop. 16,422) Bnnk debits (thousands) . . .. . $ 6.704 9 + 6 Retail sales End-of-month deposits (thousands) t $ 7,419 8 -11 Automotive stores + St + 88 +81 Annual rate of deposit turnover. 9.1 9 + 11 Postal receipts• ...$ 10.465 + 18 + 7 Building permits, less federal contracts $ 42,440 +100 +145 Bank debits (thousands) . . ....$ 5,880 BRENHAM (pop. 7,740) + 10 •• End-of-month deposits (thousands);.. $ 5,75S + 9 1Po•tal receipts• .. . $ 12.094 -3 + 7 Annual rate of deposit turnover.... . . 12.8 Building permits, less federal contracts $ 65,406 -10 + + -2 Bnnk debits (thousands) $ 11,474 + 4 •• End-of-month deposits (thousands) t .. $ 13,036 4 -4 BROWNWOOD (pop. 16,974) Annual rate of deposit turnover . 10.8 + 3 + 1 Retail sales Nonfarm placements 40 2 -27 Apparel stores -lt -20 -8 Postal receipts• ...$ Sl,875 +86 -' BROWNFIELD (pop. 10,286) Building permits, less federal contracts $ 11,041 -95 -99 Postal receipts• $ 13,996 + 30 + 3 Bank debits (thousands) . .$ 18,917 2 + 2 Building permits, less federal contracts $ 298,350 +244 +394 End-of-month deposits (thousands) i. $ 14,182 + 1 + 8 Bank debits (thousands) . $ 32,871 +106 + 99 Annual rate of deposit turnover . 16.1 -6 -8 End-of-month deposits (thousands) t ..$ 12,227 -11 -6 Nonfarm placement!< . ..... . .. .. . ... . 119 -11 +21 Annual rate of deposit turnover . 30.5 +us +102 BRYAN (pop. 27,542) BROWNSVILLE-HARLING EN-SAN BENITO Retail sales 2t + 8 +12 Automotive stOres ....... .. .... . . . . + St + 12 +25 Standard Metropolitan Statistical Area Food stores + lt + 18 + 9 (pop. 146,2071; Cameron2) Lumber, building materials, Nonfarm employment (area) . 35,900 + 2 + 8 and hardware stores + lt + 12 +18 Manufacturing employment (area) . 5,650 + 4 + 11 Postal receipts ....... .............. . $ 34,370 + 86 +10Percent unemployed (area) . 5.8 -12 -9 Building permits, less federal contracts $ 276,215 + 18 -85 BROWNSVILLE (pop. 48,040) Bank debits (thousands) . . . . ..... $ 38,714 + 19 +28 Retail sales End-of-month deposits (thousands) t .. $ 19,696 -7 + 9 Automotive stores ..... ..... ... ... . + St + 16 + 24 Annual rate of deposit turnover . 22.7 + 19 +10 Lumber, building material, Nonfarm placements 309 + 19 +29 and hardware stores + It + 8 + 89 Postal receipts• . . ..........$ 86,067 + 10 4 + CALDWELL (pop. 2,204) Building permits, less federal contracts $ 203,260 + 79 4 Postal receipts• . ............$ 3,676 + so Bnnk debits (thousands) . . ..'. .... . . . $ 35,347 + 14 8 + " Bank debits (thousands) ......$ 2,518 + 1 ••End-of-month deposits (thousands) i ..$ 18,913 -6 7 End-of-month deposits (thousands) i . .$ 3,934 + 2 + 8Annual rate of deposit turnover. 21.8 + 14 1 Nonfarm placements Annual rate of deposit turnover . 7.8 + s -8 667 + 2 +108 CAMERON (pop. 5,640)HARLINGEN (pop. 41,207) Retail sales Postal receipts• . . . . . . . . . . . . . . ...$ 6,055 + 18 +12 2t •• + 4 Automotive stores Building permits, less federal contracts $ 19,496 + 76 -88 + St -5 + 6 Food stores Bank debits (thousands) . . ... . . $ 5,904 + 8 + 22 + It + 11 + 4 Gasoline and service stations . End-of-month deposits (thousands) i .. $ 5,498 + 8 + B Postal receipts• . . . . . . . . .$ 2t -6 8 Annual rate of deposit turnover . 13.1 + +11 38,805 + 25 10 Building permits, less federai ~~~t~~~~~ $ + 146,575 + 23 +265 Bnnk debits (thousands) . . . . . . . . . . $ 60,642 CANYON: see AMARILLO SMSA + 29 + 20 End-of-month deposits (thousands) t. $ 24,873 + 14 + 6 Annual rate of deposit turnover . 26.0 + 25 + 11 CARROLLTON: see DALLAS SMSA Non fRrm placements 609 -25 + 69 CISCO (pop. 4,499)LA FERIA (pop. 3,047) Postal receipts• .$ 5,002 + 20 -8 Postal receipts• ... $ 2,673 + 56 + 89 Bnnk debits (thousands) . . $ 8,818 8 -1 Building permits, less fed~r~i ~~n·t~~~~~ $ 150 -99 End-of-month deposits (thousands) i . .$ S,S48 + 8 -12 Bank debits (thousands) . . . . . . . . . .$ 1,470 + 8 + 5 Annual rate of deposit turnover . 18.9 +11 End-of-month deposits (thousands) t. $ 1.463 + 2 + 4Annual rate of deposit turnover . 12.2 + 3 5 CLEBURNE: see FORT WORTH SMSA LOS FRESNOS (pop. 1,289) CLUTE (pop. 4,501) Postal receipts• $ 1,974 + 59 +18 -6 Postal receipts• .. ........... .$ 2,678 + 25 Building permits, le~~ fede~~j ~~~~~~~~~ Bank debits (thousands) $ 650 -96 + 8 Building permits, less federal contracts $ 21,170 + 87 +18 ······ .... .$ 2,712 + 49 2,226 12 +81 S5 + Bank debits (thousands) . .$ + End-of-month deposits (thousands) t . . $ 1,617 + 1 5 8 +22 -End-of-month deposits (thousandsJi . $ 1,742 +Annual rate of deposit turnover. 20.2 + 28 + 10 + S5 Annual rate of deposit turnover..... 15.9 + 1 238 TEXAS BUSINESS REVIEW Percent change Percent change Local Business Conditions Local Business Conditions July 1964 July 1964 July 1964 July 1964 July from from July from from City and item 1964 June 1964 July 1963 City and item 1964 June 1964 July !96S COLLEGE STATION (pop. 11,396) Poatal receipts• . . . . ...... .. .. . ......$ 17 ,196 Building permits, less federal contracts $ 196,676 -24 -42 + 8 +190 DALLAS Standard Metropolitan Statistical Area Bank debits (thousands) . End-of-month deposits (thousands) i Annual rate of deposit turnover... .$ 5,760 $ 3,683 18.7 + 11 -1 + 13 + 25 + 13 + (pop. 1,195,1991 ; Collin, Dallas, Denton, and Nonfarm employment (area) . . . . . . . . 513,200 + 1 Manufacturing employment (area) . 114,950 •• Ellis2) + 4 + 6 COLORADO CITY (pop. 6,457) Retail sales Lumber, buildinir material, and hardware stores Postal receipts• .$ Bank debits (thousands) . . . . $ End-of-month deposits (thousands) i . .$ + lt 7,322 4,494 5,714 -29 + 55 + 12 -5 + 12 -16 2 s Percent unemployed (area) . CARROLLTON (pop. 4,242) Postal receipts• . . . . . . . . . . . . . . . . . .$ Building permits, less federal contra~b; $ Bank debits (thousands) . . . . . . . . . . . . $ End-of-month deposits (thousands) i . .$ Annual rate of deposit turnover. 3.7 7,141 383,850 6,229 S,178 22.5 3 8 +143 + 12 -8 + 15 5 + 8 + 58 + I + s Annual rate of deposit turnover..... . 9.2 + 14 2 DALI:.AS (pop. 679,684) COPPERAS COVE (pop. 4,567) Postal receipts• . . . . . . ....... . ...$ Buildinir permits, less federal contracts $ Bank debits (thousands) . . . . $ End-of-month deposits (thousandsJi..$ Annual rate of deposit turnover . 4,413 555,200 1,571 1,667 11.4 + 1 +218 + 1 + 2 7 + 7 + 82 + 8 2 -4 Retail sales ... . ..... . .... . .. . . . Apparel stores Automotive stores Drug stores ........... ... . . . . . . . . Florists Food stores Furniture and household St It 7t 4t 6t + lt + 9 s 3 + + + 5 + + 9 + 14 + 15 -2 CORPUS CHRISTI Standard Metropolitan Statistical Area appliance stores Gasoline and service stations . General merchandise stores . St lt + St + •• •• + 2 + 10 (pop. 223,0601 ; Nueces2 ) Lumber, building material, Nonfarm employment (area) . . . . . 71,100 Manufacturing employment (area) . 8,960 Percent unemployed (area) . 4.0 BISHOP (pop. 3,722) Postal receipts• ....$ Bank debits (thousands) . $ End-of-month deposits (thousands) i . .$ Annual rate of depoiit turnover. .... 3,889 S,168 2,312 17.6 + 1 + 1 -15 + 14 + 96 + 16 + 81 + 4•• -15 -5 + 26 -4 + 44 and hardware stores. Office, store, and school 7t supply dealers Gt Postal receipts• . . . . . . . . . . . . . . . ... . $ 2,841,337 Building permits, less.federal contracts $14,328,714 Bank debits (thousands) . .$ 3,860,970 End-of-month deposits (thousands) t ..$ 1,348,41 5 Annual rate of deposit turnover. 34.6 6 -28 + + .. 9 + 11 + 7 + 2 + 8 + + 6 CORPUS CHRIS~I (pop. 184,163r) Retail sales . . . . . . . . . . . . . . . . . . . . . . . . . -2t Apparel stores . . . . . . . . . . . . . . 1t Automotive stores . . . . . . . . . . . . . . + St Druir stores . . . . . . . . . . . 1t General merchandise stores . 2t POltal receipts• . . . . . . . . . . . . . . . . $ 218,114 Buildlnir permits, less federal contracts $ 2,217,011 Bank debits (thousands) . . . . . . . $ 239,858 + 2 -22 •• + + 13 + 7 + 35 + 5 + lS + 7 + 18 + 18 + 10 t 6 -S4 + 13 DENTON (pop. 26,844) Retail sales Drug stores .... . .... . Postal receipts• . S Building permits, leas federal contracts $ Bank debits (thousands) . . . . $ End-of-month deposits (thousands) i . $ Annual rate of deposit turnover . Nonfarm placements -2t -It 43,212 732,240 31,901 22,359 14.4 158 9 + 2 7 -43 + 16 -27 + 18 -39 + 7 + 13 + 16 + 20 + 12 17 + Ill + 81 End-of-month deposits (thousands) t $ 117,078 2 + 1 Annual rate of deposit turnover. 24.4 + 6 + 9 ENNIS (pop. 9,34 7) ROBSTOWN (pop. 10,266) Retail sales Automotive 1torea ...... ... . . . .... . General merchandise stores ..... . Buildinir permits, less federal contracts $ Bank debits (thousands) .............$ End-of-month deposits (thousands) i . .$ + St -2t 59,260 16,806 9,810 + 4 + 7 + 28 + 61 + 24 + 8 + 8 + 68 + 87 + 7 Retail sales Apparel stores Postal receipts• ...$ Building permits, less federal contracts $ Bank debits (thousands) . . $ End-of-month deposits (thousands) t . $ Annual rate of deposit turnover. -It 13,439 225,195 7,523 7,110 12.7 -32 + S2 +198 + 20 •• + 18 -I + SI + 61 + 8 + s + 2 Annual rate of deposit turnover. CORSICANA (pop. 20,344) Retail sales ...... . ..... . Lumber, buildlnir material, and hardware stores. ... . Po.ta! receipts• .. .... .. .... . ........$ Bulldinir permits, less federal contracts $ Bank debits (thousands) . .. .... .. ....$ End-of-month deposits (thousands)t. . $ Annual rate of deposit turnover.... . . Nonfarm placements . . . . ........... _. 22.8 2t + 1t 5S,946 221,407 20,812 20,3S2 12.1 228 + 49 •• + 4 +21S -82 + 13 -2 + 13 -16 + 85 + 7 + 11 + 78 + 71 + 10 -5 + 11 + 26 GARLAND (pop. 38,501) Retail sales Apparel stores Automotive stores Furniture and household appliance stores .... . Postal receipts• .. $ Building permits, less federal contracts $ Bank debits (thousands) . .$ Eud-of-month deposits (thousands>i . $ Annual rate of deposit turnover . 2t lt + St 48,282 967.035 35,545 18,715 2S.4 -2 + 17 I 5 + 12 -54 I + 6 5 + 16 + IS + 18 + 10 + 87 -77 + 8 + 8 8 CRYSTAL CITY (pop. 9,101) POltal receipts• . . . . . . . . . . . . . . . . . . . . s Buildlnir permits, less federal contracts $ Bank debits (thousands) ......... ... . $ End«·month depoaita (thouaands)t..$ Annal rate of deposit turnover.... . . 4,852 288,708 2,695 2,656 12.2 + 44 +S878 -9•• -10 + 40 +S878 2 2 + s GRAND PRAIRIE (pop. 30,386) Postal receipts• .$ Building permits, less federal contracts $ Bank debits (thousands) . . . .. .$ End-of-month deposits (thousands) t ..$ Annual rate of deposit turnover . 30,689 475,225 22.840 11,528 23.7 -5 -29 + IS -1 + 12 + 14 + 6 9 + 8 SEPTEMBER 1964 239 Local Business Conditions City and item July 1964 Percent change July 1964 July 1964 from from June 1964 July Hl6~ Local Business Conditions City and item July 1964 Percent chanire July 1964 July 1964 from from June 1964 July l IRVING (pop. 45,985) DEER PARK: see HOUSTON SMSA Retail sales Lumber, building material, and hardware stores . + 1t Postal receipts• $ 38,267 Building permits, Jess federal contracts $ 3,339,889 Bank debits (thousands) . $ 35,509 End-of-month deposits (thousands) t .. $ 16,210 Annual rate of deposit turnover . 26.4 + 3 -37 6 6 + + -3 + 11 + 31 + 13 + 3 + 16 DEL RIO (pop. 18,612) Reta il sales Automotive stores ........ . Lumber, building material, and hardware stores . Postal receipts• . . $ Building permits, Jess federal contracts $ + St + It 18,014 78,060 -16 + 8 + 10 -27 -8 -18 + 10 -42 JUSTIN (pop. 622) Postal receipts• Bank debits (thousands) . .. .$ . .. .$ 1,404 1.501 + 76 -17 + 83 -10 Bank debits (thousands) ............ .$ End-of-month deposits (thousandsJi..$ Annual rate of deposit turnover . 12,587 14,386 10.2 + 1 6 -- 2•• 6 End-of-month deposits (thousands) t . $ Annual rate of deposit turnover. 906 18.7 -12 -19 + 10 -24 DENISON (pop. 22,748) Retail sales McKINNEY (pop. 13,763) Postal receipts• $ Building permits, Jess federal contracts $ Bank debits (thousands) ...$ End-of-month deposits (thousands) t .. $ Annual rate of deposit turnover . Nonfarm placements 14,l'i4 195,425 12,406 10,403 14.8 101 + 22 +112 + 2 + 7 -3 + 36 + 10 + 42 + 16 + 8 + 11 + 1 Automotive stores Postal receipts* ............ ........ . $ Building permits, less federal contracts $ Bank debits (thousands) . . .. .$ End-of-month deposits (thousands) t .. $ Annual rate of deposit turnover . Nonfarm placements + St 23,622 282,833 20,908 16,094 16.4 182 + 9 -7 + 10 + s -2 •• -S6 + 10 + 6 -69 +18 + ' +12 + 10 MESQUITE (pop. 27,526) DENTON: see DALLAS. SMSA Postal receipts• ...... . $ 18,859 + 16 + 35 Buildinii permits, less federal contracts $ 1,123,996 +125 -20 DONNA (pop. 7,522) Bank debits (thousands) . $ 9,093 End-of-month deposits (thousands) i . $ 7,682 Annual rate of deposit turnover . 15.4 MIDLOTHIAN (pop. 1,521) Building permits, less federal contracts $ 15,688 -15 + 14 -20 + 8 -10 -5 -13 -71 Postal receipts• .. .. .$ Building permits, less federal contracts $ Bank debits (thousands) . . .. $ End-of-month deposits (thousands) t .. $ Annual rate of deposit turnover . 4,568 79,700 2,877 S,852 8.6 + 6S +166 -8 •• -s + 16 +1228•• 8 + ' Bank debits (thousands) . . .$ End-of-month deposits (thousands) t . $ Annual rate of deposit turnover . 1.188 1,419 9.9 + 9 3 + 4 -6 -13 + 6 DUMAS: (pop. 8,477) Postal receipts• .. . .... . ....$ Building permits, Jess federal contracts $ 10,4S5 258,020 + 47 + 42 + 88 +47 PILOT POINT (pop. 1,254) Building permits, less federal contracts $ 1,000 Bank debits (thousands) . . . . ...$ 1,183 •• +471 -20 Bank debits (thousands) ........ .... .$ End-of-month deposits (thousands) t .. $ Annual rate of deposit turnover . 11,590 9,842 14.7 +SS + 9 + 24 + 16 -9 + 27 End-of-month deposits (thousands) t .. $ Annual rate of deposit turnover. 1.518 9.0 + 8 2 -14 -10 EAGLE PASS (pop. 12,094) Retail sales PLANO (pop. 3,695) Postal receipts• ......... . .. . .... . ...$ Building permits, less federal contracts $ Bank debits (thousands) . . . .. $ End-of-month deposits (thousands) t . $ Annual rate of deposit turnover . 5,955 358,965 3,471 2,740 15.3 -11 -29 7 + 1 8 + 83 -62 Gasoline and service stations . Postal receipts• . . . . . . . . . . . . . . . . ...$ Building permits, less federal contracts $ Bank debits (thousands) .............$ End-of-month deposits (thousands) t .. $ Annual rate of deposit turnover. . -2t 9,S88 216,lSl 6,144 4,288 14.2 + 14 + 12 +826 4 8 8 + 8 + 9 +688 + ' a + 1 RICHARDSON (pop. 16,810) Retail sales AJ'parel stores Postal receipts• . ...$ Building permits, less federal contracts $ Bnnk debits (thousands) ... .. . .......$ End-of-month deposits (thousands)t.. $ Annual rate of deposit turnover. -It 43,889 978,933 25,770 11,192 28.3 + 12 + 10 -26 + + + 10 + 23 -26 + 26 + 26 + 10 EDINBURG (pop. 18,706) Postal receipts• . . . ...... .$ Building permits, less federal contracts $ BRnk debits (thousands) . .$ End-of-month deposits (thousandsJi..$ Annual rate of deposit turnover . Nonfarm placements .. 13,039 86,925 14,322 8,167 20.8 164 + 21 -89 + 1 -8 + 6 -62 + 4 +18 + 14•• + 11 + 7 SEAGOVILLE (pop. 3,745) EDNA (pop. 5,038) Postal receipts• . . . . . . . . . . . . . . . . . . . . $ Buildinii permits, less federal contracts $ Bnnk debits (thousands) .............$ End-of-month deposits (thousands) t . . $ Annual rate of deposit turnover . 4,191 22,951 3,326 1,814 20.5 + 18 +134 + 11 -18 + 11 + 10 + 21 + 26 + 19•• Postal receipts• . . . . . . . . . . . $ Building permits, Jess federal contracts $ Bank debits (thousands) . . . . ...$ End-of-month deposits (thousands) t ..$ Annual rate of deposit turnover..... . 6,330 220,486 6,126 6,0SO 12.1 -19 +7874 + 80 -1 + 82 -16 +m + 2 1 1 WAXAHACHIE (pop. 12,749) Retail sales ENNIS: see DALLAS SMSA Lumber, building material hardware stores ' Postal receipts• . . . . . . $ Building permits, less fede~~i ~~~t~~c~~ $ Bank debits (thousands) . . . . . . . . . . . $ End-of-month deposits (thousands) t . $ Annual rate of deposit turnover. Nonfarm placements + It 13,459 77,705 12,939 10,079 15.3 22 -14 •• + 38 + 13 -1 + 11 -35 + 63 + 6 -27 + 10 + 8 + 6 -61 EULESS: see FORT WORTH SMSA FORT STOCKTON (pop. 6,373) Postal receipts• . . ... . .. . ...$ Building permits, less federal contracts $ Bank debits (thousands) ........ .. ...$ End-of-month deposits (tho~nds)i . .$ Annual rate of deposit turnover..... . 8,722 66,400 7,2S8 6,476 16.2 + 88 + 9 + 40 + 4 + aa ++29 ' + 29 + 8 +11 240 TEXAS BUSINESS REVIEW Percent change Percent change Local Business Conditions Local Business Conditions July 1964 July 1961 July 1964 July 1964 July from from July from from City and item 1964 June 1964 July 1963 City and item 1964 June 1964 July 1968 EL PASO GRAPEVINE (pop. 2,821) Standard Metropolitan Statistical Area Postal receipts• ......... .. .$ Building permits, less federal contracts $ 5.189 64,875 + 26 -I5 + 20 (pop. 337,6501; El Paso2) Nonfarm employment (area) ... Manufacturing employment (area) . 93,300 15,940 + 1 + •••• Bank debits (thousands) . .. . . ...... . . $ End-of-month deposits (thousands) i .. $ Annual rate of deposit turnover . 4,II8 8,484 I4.0 + 9 2 + + I9 + 9 + 5 Percent unemployed (area) ..... 4.7 - 11 -10 NORTH RICHLAND HILLS (pop. 8,662) EL PASO (pop. 276,687) Retail sales . . . . . . . . . . . . . . . . . Apparel stores . . . . . . . . . . . . . . Automotive atorea . . . . . . . . . . . . . . . . . 2t 1t + St + 4 + 10 + 6 + 21 + 9 + 32 Building permits, less federal contract.I $ Bank debits (thousands) .. . ... .$ End-of-month deposits (thousands) i .$ Annual rate of deposit turnover. . I 77,536 6,4I9 3,428 21.4 -44 + 1 9 + 6 + I6 +103 + 98 -7 Food atores . . . . . . . . . . . . . . . . . . . . . + 1t General merchandise stores . . 2t Postal receipts• . . .$ 333.698 Building permits, leas federal contracts $ 3,800,222 Bank debits (thousands) . . .....$ 883,208 End-of-month deposits (thousands) i . .$ 180,579 Annual rate of deposit turnover. 24.0 + 17 -9 •• -7 + 10 -11 + 15 + 13 + 12 + 2 -49 + 5 + 2•• WHIT}j": SETTLEMENT (pop. 11,513) Building permits, less federal contracts $ 114,29I Bank debits (thousands) . . . . $ l,I92 End-of-month deposits (thousands) t $ 713 Annual rate of deposit turnover . I8.5 FREDERICKSBURG (pop. 4,629) + 48 + 78 -15 + 81 + 28 Retail sales FORT WORTH Drug stores ........... . .... . - lt + + 11 Standard Metropolitan Statistical Area (pop. 592,3411 ; Johnson and Tarrant2) General merchandise stores . Postal receipts• $ Building permits, less federal contracts $ -2t 8,708 5I,420 + 12 + 24 -81 + 28 + 5 -28 Nonfarm employment (area) . . . . . . Manufacturlnir employment (area) . Percent unemployed (area) .. ...... . 233,000 59,525 4.2 •• + 1 + 8 + 4 + 10 -18 Bank debits (thousands) . . .... ... .$ End-of-month deposits (thousandsJi.. $ Annual rate of deposit turnover . I0,535 9,365 I8.5 + 12.. + 11 + 5 + 7 ARLINGTON (pop. 44,775) GAINESVILLE (pop. 13,083) Retail aalea Apparel stores .. 1t + 2 + 22 Retail sales Drug stores - It 3 .. Lumber; bulldinir material, and hardware stores . . . + 1t Postal receipts• . . . . . . . . . . . . . .S 62,315 Bulldinir permits, leas federal contracts $ 4,289,998 8 7 +135 -11 + 7 +154 Furniture and household appliance stores .... Postal receipts• .. $ Building permits, less federal contracts $ .. I6,642 I02,300 + 6 + 23 + I8 + 24 + S4 + 29 CLEBURNE (pop. 15,381) Postal receipts• . . . . . . . . . . . . . $ Buildinir permits, leas federal contracts $ Bank delits (thousands) ......... .. .. $ End-of-month deposits (thousands) i. $ Annual rate of deposit turnover. 19,850 139,595 15,053 12,289 14.6 + 26 + 10 + 19 -1 + 18 + 18 + 20 + 13 -4 + 15 GALVESTON-TEXAS CITY Standard Metropolitan Statistical Area (pop. 148,1121 ; Galveston2 ) Nonfarm employment (area) . Manufacturing employment (area) . Percent unemployed (area) .. 55,900 10,790 6.2 + + + 7 + 4 + 2 -11 EULESS (pop. 2,062) Postal receipts• . . . . . . . . . . . . . $ Buildinir permits, leas federal contracts $ 6,506 446,422 + 5 -52 + 24 -25 GALVESTON (pop. 67,175) Retail sales Apparel stores Automotive stores Food stores ........ .. .... . 2t lt + St + It + 5 + l 4 + 9 + IO + a + 36 + 2 Bank debits (thousands) .. ....... ....$ End-of-month deposlta (thousandsH.. $ Annual rate of deposit turnover... FORT WORTH (pop. 356,268) Retail aalea ...... . 5,970 2,027 33.7 -St -2 -9 + 16 + 4 + 45 -16 + 52 + 9 Furniture and household appliance stores Postal receipts• .... . S Building permits, less federal contracts S Bank debits (thousands) . . . . S End-of-month deposits (thousands)l .. $ Annual rate of deposit turnover . •• IOI,037 550,572 115,IOO 6I,58I 22.0 + 29 -35 -80 + IO -4 + IO + I7 + 3 7 + 6 + 8 Apparel stores .. Automotive storea . . . . . . . . . Druir stores ..... .. . .. . ........ ... . Eatinir and drinkinir places... . ... . Florists Food stores ............ . Furniture and household + 16t st lt + St + 2t + 82 + 9 + 2 + 10 -10 + 4 + 14 + 20 + 5 + 10 2 + 8 LA MARQUE (pop. 13,969) Postal receipts• . $ Building permits, less federal contracts $ Bank debits (thousands) . . . S End-of-month deposits (thousands) t .$ Annual rate of deposit turnover. 11,976 2I6,430 I0,599 6,3I5 I9.8 + I5 +I94 + 6 4 + 6 + 9 IO + 4 + 8 7 appliance stores ...... . . . .... . . . Guoline and service stations...... . General merchandiae stores . Lumber, buildlnir material, lt •• lt and hardware storea. . . . . . . . . . . . . 2t Poat.al receipta• . ... ... . .. .. . .. .... .. S 915 387 Buildinir permlta. leas federal contracta $ 6,809:076 9 •• + 3 -12 + 6 + 60 + 10 -4 + 11 + 15 + 5 +119 TEXAS CITY (pop. 32,065) Postal receipts• Building permits, less federal contracts $ Bank debits (thousands) . $ End-of-month deposits (thousands) i . .$ Annual rate of deposit turnover . 28,I54 >I0.725 26,04I I3,887 21.5 + 9 -20 + 8 + I3 + 7 + 4I 2 2 4 Bank debits (thouaanda) ... ..... . ... .s End-of-month deposits (thouaandaH.. $ 935,078 424,411 + 3 + + 5 + 6 GARLAND: see DALLAS SMSA Annual rate of depo1it turnover. . 26.6 + + SEPTEMBER 1964 241 Percent change Percent cJianae Local Business Conditions Local Business Conditions July 1964 July 1964 July 1964 July 1984 July from from July from from Citit and item 1964 June 1964 July 1963 City and item 1964 June 1964 July 1988 HEMPSTEAD (pop. 1,505)GATESVILLE (pop. 4,626) .$ 7,066 + 46 + 19 Postal receipts• . . . . . . . . . . . . . . $ 6,649 + 18 Postal receipts• + 17 6,081 + 1 Bank debits (thousands) . . . . . S 1,756 + 80 Bank debits (thousands) . $ + 6 + End-of-month deposits (thousands) i $ 6,024 --11' 8 End-of-month deposits (thousands>*.. $ 1,888 4 rate of deposit turnover.. . . . . Annual rate of deposit turnover . 11.9 + + 2 Annual 11.2 + 82 + II HENDERSON (pop. 9,666) GIDDINGS (pop. 2,821) Postal receipts• . . . . . . . . . . . $ 18,017 2 Postal receipts• ...$ 6,619 + 38 + 28 + -10 Building permits, less federal contracts $ 88,850 ­ Building permits, less federal contracts $ 61,840 +204 +275 58 -78 Bank debits (thousands) ..... . .$ 7,482 -12 2 End-of-month deposits (thousands)t.. $ 17,491 Bank debits (thousands) . . .. . . $ 3,454 •• + -9 End-of-month deposits (thousands) i . . $ 4,108 1 s •• + 1 Annual rate of deposit turnover. . . . 5.1 Annual rate of deposit turnover. 10.0 -2 + 8 -11 HEREFORD (pop. 9,584r) GLADEWATER (pop. 5,742) Postal receipts• .......... ... .$ 15,805 -2 Postal receipts• $ 11,251 + 78 + 14 + 11 Building permits, less federal contracts $ 256,800 -80 -42 Building permits, less federal contracts $ 6,700 -57 79 Bank debits (thousands) . . $ 29,285 + 84 + 24 Bank debits (thousands) .....$ 4,392 + 18 + 16 End-of-month deposits (thousands) t .. $ 15,852 + 9 + 19 End-of-month deposits (thousands) i. .$ 4,312 + 6 + 4 Annual rate of deposit turnover. .. 28.9 + 29 + • Annual rate of deposit turnover . 12.6 + 13 + 15 Nonfarm employment (area) 29,400 •• + 3 Manufacturing employment (area) 6,430 + 3 + 13 HOUSTON Percent unemployed (area) . 3.7 -18 -24 Standard Metropolitan Statistical Area (pop. 1,342,5111; Harris2) GOLDTHWAITE (pop. 1,383) Nonfarm employment (area) ... 581,200 + + a Postal receipts• .$ S,782 + 61 + 58 Manufacturing employment (area) . 100,100 + • + Bank debits (thousands) . . . . $ 3,043 -20 17 Percent unemployed (area) ..... S.9 7 End-of-month deposits (thousands) t. $ 5,458 -2 + 10 Annual rate of deposit turnover . 6.6 -20 -25 BAYTOWN (pop. 28,159) Retail sales ... 2t + 11 + ' Automotive stores . .... . . .. . ...... . + St -2 +17 GRAHAM (pop. 8,505) Food stores . . .. . ... . .... .... ..... . + lt •• + 1 Postal receipts• .... $ 9,430 -17 -5 Postal receipts• . .. $ 86,728 + 19 + ' Building permits, less federal contracts $ 57,100 +231 -76 Building permits, less federal contracts $ 212,705 -48 -IO Bank debits (thousands) . . ... . $ 9,926 •• + 1 Bank debits (thousands) . . . .... ... . $ 35,685 + 14 +14 End-of-month deposits (thousands) i. $ 10,438 + 1 2 End-of-month deposits (thousands) t ..$ 26,815 -2 + • Annual rate of deposit turnover . 11.5 -s + 2 Annual rate of deposit turnover... . 15.8 + 17 + 9 GRANBURY (pop. 2,227) DEER PARK (pop. 4,865) Postal receipts• ....$ 4,653 + 86 46 Postal receipts• ....... .. ....... . .. .. S 5,796 -28 +20 · ······· · ·· · ····· + Bank debits (thousands) . . .$ 1,612 + 8 + Building permits, less federal contracts $ 505,172 + 88 +a49 End-of-month deposits (thousands) l . $ 2,058 2 •• Bank debits (thousands) ... . .$ 4,228 -10 + 9 Annual rate of deposit turnover . 9.S + 8 + 3 End-of-month deposits (thousands) t ..$ 2,618 + 17 +10 Annual rate of deposit turnover... . 20.9 -20 + • GRAND PRAIRIE: see DALLAS SMSA HOUSTON (pop. 938,219) GRAPEVINE: see FORT WORTH SMSA Retail sales .. 2t + l + Apparel stores + 2t + 14 + GREENVILLE (pop. 19,087) Automotive stores 4t -8 + 9 Drug stores . ... . ........ . .. . ... .. . lt •• •Retail sales 2t -7 + 16 Eating and drinking places..... . . . st + 8 + a Automotive stores + St -8 + 28 Florists ... ... .... ..... ........... . -1& + 9 Drug stores lt •• + 3 Food stores ... . ...... ...... . .. ... . l t •• + I Food stores + lt -11 + Furniture and household Postal receipts• . ........ . ...........$ 24,923 •• + 15 appliance stores ... + Gt + + 7 Building permits, less federal contracts $ 365,850 + 26 +105 Gasoline and service stations . 4t + l + 8 Bank debits (thousands) ......... ....$ 17,202 + 5 -1 General merchandise stores . lt + 10End-of-month· deposits (thousands) i . .$ 14,592 + + 13 Liquor stores .. ...... . . . + lt + 8 + +11' Annual rate of deposit turnover.. ... 14.4 + -9 Lumber, building material, Nonfarm placements 146 + 66 and hardware stores. . . . •• -10 -12 Postal receipts• ........$ 2,188,817 -2 + 7 HALE CENTER (pop. 2,196) Building permits, leBS federal contracts $42,018,817 +118 + ., Postal receipts• . $ Bank debits (thousands) .............$ 8,819,268 + & + 11 3,722 + 58 Building permits, I~~~ fed~~~j ~o~.t~~~~ $ + 32 End-of-month deposits (thousands) f .. $ 1,511,257 + I 20,000 -12 +253 '5 + 7 Annual rate of deposit turnover. . . . . . 29.6 + Bnnk debits (thousands) ............ .$ 2,840 + 5 -2 End-of-month deposits (thousands) i . .$ 3,536 -7 -9 Annual rate of deposit turnover. HUMBLE (pop. 1,711) 9.3 + 11 + 12 Postal receipts• .. .... .. .... .$ 4,914 + 66 +H + + 11 Bank debits (thousands) ..... .$ 8,522 HARLINGEN: see BROWNSVILLE-HARLINGEN-SAN BENITO SMSA End-of-month deposits (thousands):.. $ 8,272 ••' + + 11 I Annual rate of depoait turnover.. ... . 12.9 + 2 242 TEXAS BUSINESS REVIEW Percent change Local Business Conditions Percent change Local Business Conditions July 1964 July 1964 July from from July 1964 July 1964 City and item 1964 June 1964 July 1963 City and item July from from 1964 June 1964 July 1963 KATY (pop. 1,569) KERMIT: (pop. 10,465) Postal receipts• . . . ·$ 3,473 + 28 + 11 Retail sales Building permits, less federal contracts $ 8,000 -90 -87 Drug stores -It + I + 18 Bank debits (thousands) . $ 2,210 7 Postal receipts• ............$ + + 20 9,653 + 51 + 7 End-of-month deposits (thousandsH . $ 2,335 + + 6 Building permits, less federal contracts $ 34,750 45 -+ 25 Annual rate of deposit turnover. 11.5 + + 12 KILGORE (pop. 10,092) LA PORTE (pop. 4,512) Postal receipts• . .. ... ....$ 19,340 + 20 + 12 Building permits, less federal contracts $ Building permits, less federal contracts $ 29,000 -77 65,430 -73 -43 Bank debits (thousands) . . $ 5,478 + 14 + 12 (thousands). . . 12,764 + 5 + 9 Bank debits . .. .$ End-of-month deposits (thousands) t .. $ 12,375 End-of-month deposits (thousands) t .. $ 2,581 -8 -10 -8 I Annual rate of deposit turnover. 24.4 + 18 + 39 12.2 + + 8 Annual rate of deposit turnover . . .. Nonfarm employment (area) 29,400 •• + 3 Manufacturing employment (area) . 6,430 + 8 + 13 PASADENA (pop. 58,737) Percent, unemployed (area) .. 3.7 -18 -24 Retail sales ..... 2t -4 + 9 Apparel stores ... 1 t + 10 + 22 KILLEEN (pop. 23,377) Automotive stores ............. . + st 7 16 + Postal receipts• ··········· ···· . .... $ 42,662 + 26 + 8General merchandise stores . 2t + 1 -2 Building permits, less federal contracts $ 1,396,315 +191 Postal receipts• . . . . .. $ 49,120 + 1 + 3 + 7 Bank debits (thousands) . .........$ 21,043 + 18 + 21 Buildin&' permits, less federal contracts $ 713,550 -45 -52 End-of-month deposits (thousands) t. $ 13,253 + 14 27 Bank debits (thousands) . . .... .$ 59,615 + 3 + 20 + Annual rate of deposit turnover. 20.3 •• •• End-of-month deposits (thousands)t . $ 29,784 + s Annual rate of deposit turnover. 28.9 + 4 + 14 KINGSLAND (pop. 150) Postal receipts• $ l,761 -7 -7 SOUTH HOUSTON (pop. 7,253) Bank debits (thousands) . ... . . $ 900 + 25 + 29 Postel receipts• .. .. . .. ...$ 8,889 + 9 + 24 End-of-month deposits (thousands>:. . $ 662 + 16 + 52 Buildinc permits, less federal contracts $ 373,075 +568 +183 Annual rate of deposit turnover. 17.5 15 -20 + Bank debits (thousands) . ..... $ 6,783 + s + 23 End-of.month deposits (thousands) i. .$ 5,189 + 18 KINGSVILLE (pop. 25,297) Annual rate of deposit turnover . 15.3 + -s Retail sales Drug stores -1t -s + 6 TOMBALL (pop. 1,713) Postal receipts• ................ .... .$ 21,965 + 43 + 26 Bank debits (thousands) . $ 7,281 -17 + 4 Building permits, less federal contracts $ 1,406,087 +345 +8so End-of-month deposits (thousands) t $ 5,564 + 3 6 Ilank debits (thousands) . . ... .. $ 12,094 + 7 •• Annual rate of deposit turnover 15.9 -18 + 9 End-of-month deposits (thousands) t .. $ 14,200 + + 6 Annual rate of deposit turnover . 10.3 + -8 HUMBLE: see HOUSTON SMSA KIRBYVILLE (pop. 1,660) Postal receipts• ........$ 4,253 + 22 + 22 HUNTSVILLE (pop. 11,999) Bank debits (thousands) ............. $ 2.637 + 26 + IS Postal receipts• ··· ······ ·· . $ 21,055 + 45 •• End-of-month deposits (thousands) i. $ 3,402 -2 + 2 Buildinc permits, less federal contracts $ 91,000 -78 10 Annual rate of deposit turnover. 9.2 + 26 + Bank debits (thousands). ... .. $ 8,899 + 6 -9 End-of-month deposits (thousands) t. .$ 8,575 •• LA FERIA: see BROWNSVILLE-HARLINGEN-SAN Annual rate of deposit turnover...... 12.1 + -9 BENITO SMSA IOWA PARK: see WICHIT A FALLS SMSA LA MARQUE: see GALVESTON-TEXAS CITY SMSA IRVING: see DALLAS SMSA LAMESA (pop. 12,438) Retail sales JACKSONVILLE (pop. 10,509r) Drug stores 1t + 6 + 1 Postal receipts• .. ... ...... ..........$ 21,814 + 12 + 33 Lumber, building materials,Building permits, less federal contracts $ 340,700 +1684 + 63 and hardware stores.. + It -34 -28 Bank debits (thousands) . . . . . . .... .$ 15,371 + 11 + 18 Postal receipts• .$ 15,190 + 47 + 6 End-of-month deposits (thousandsH .$ 10,320 2 + 2 Iluilding permits, less federal contracts $ 120,200 -42 -30 Annual rate of deposit turnover. 17.7 + 8 + 13 Bank debits (thousands) . .. $ 15.259 + 6 •• End-of-month deposits (thousands) t. $ 14,286 -6 -4 JASPER (pop. 4,889) Annual rate of deposit turnover . 12.5 + 14 + 2 -2t •• + 12 Retail sales ......... . Nonfarm placements 49 -86 -40 Automotive stores .. .. ............ . + St -4 + 8 + Postal receipts• . . . . . . . . . . . . $ 8,888 1 -7 LAMPASAS (pop. 5,061) Buildlnc permits, less federal contracts $ 2,100 -98 -97 Retail sales 11,809 + Automotive + + Bank debits (thousands) . . .... . ......$ 14 + 18 stores at -19 85 End-of-month deposits (thousands)t.. $ 8,789 -6 $ 7,168 + 36 + + 11 Postal receipts• . . Annual rate of deposit turnover..... . 15.7 + 17 + 4 Iluilding permits, less federal contracts $ 105,200 +111 + 20 Bank debits (thousands) . . .. $ 8,266 + 8 + 5 End-of-month deposits (thousands) t. $ 5,997 -6 -9 JUSTIN: see DALLAS SMSA Annual rate of deposit turnover.... 16.0 + 18 + 18 KATY: see HOUSTON SMSA LA PORTE: see HOUSTON SMSA SEPTEMBER 1964 243 Percent change Percentclauat Local Business Conditions Local Business Conditions July 1964 July 1964 July 1964 J11171"4 July from from July from fl'Olll City and item City and item 1964 June 1964 July 196S 1964 June 1964 Jl117 IHI LAREDO SLATON (pop. 6,568) Postal receipts• . . . . . . .. .. . . ..... $ 6,186 + 67 +II Standard Metropolitan Statistical Area Building permits, less federal contracta $ 45,500 -49 -16 (pop. 67,1921; Webb~) Bank debits (thousands). . .. . $ 4,208 + 22 + • End-of-month deposits (thousands) i . .$ 8,601 -l Nonfarm employment (area) . 19,250 -2 + 3 -l Annual rate of deposit turnover.. ... lS.9 + 26 + 11 Manufacturing employment (area) . l,S70 + 1 + 6 Percent unemployed (area) . 7.8 -11 + 5 LONGVIEW (pop. 40,050) LAREDO (pop. 60,678) Retail sales . . . 2t a + 17 Retail sales - 2t + 8 + 20 Automotive stores . . .. . ....... .. .. . + St +H Apparel stores -lt + s + 27 Drug stores .... .......... . lt ! Postal receipts• .....$ 44,S2S + 7 •• General merchandise stores . 2t •• Buildinll' permits, less federal contracts $ 109.S50 -59 -78 Lumber, building materials, -' Bank debits (thousands) . . . .. .$ 37,860 + 6 + 11 and hardware stores. .. + lt -10 +M End-of-month deposits (thousands) i. $ 25,871 -3 + 12 Postal receipts• . . . . . . . .$ 66,030 + 8 + 10 Annual rate of deposit turnover . 17.S + 5 + 2 Building permits, less federal contracts $ 565,200 + C6 +Ii Nonfarm placements 529 -18 + 29 Bank debits (thousands) . . . . . . ...... . $ 56,117 -2 + 7 End-of-month deposits (thousands) i ..$ 41,888 •• +H LEVELLAND (pop. 10,153) Annual rate of deposit turnover. .... . 16.1 -a -2 Retail sales Nonfarm employment (area) . . 29,400 •• + I Automotive stores + St -8 + 89 Manufacturing employment (area) . 6,430 + 3 +II Postal receipts• $ 11,813 + 2S + 9 Percent unemployed (area) . . . .. 3.7 -18 -u Buildin1r permits, less federal contracts $ 172,045 -33 -47 LUFKIN (pop. 17,641) LITTLEFIELD (pop. 7,236) Postal receipts• . . . . . . . . .. . $ 28,729 -16 + 8 Retail sales Building permits, less federal contracts $ 188,080 -61 -76 Automotive stores + St + 34 + 41 Nonfarm placements 77 -2' +H Postal receipts• S 9,625 -8 + 21 Buildinll' permits, leSB federal contracts $ 196,475 + 70 -26 McALLEN (pop. 32, 728) Retail sales 2t + 7 +19 LLANO (pop. 2,656) Apparel stores . . . lt + 14 + 8 Postal receipts• .. .$ 5,184 + 93 + 30 Automotive stores + st + 7 +rr Buildln1r permits, less federal contracts S 2,800 -41 -81 Furniture and household Bank debits (thousands) . . .....$ S,982 + 24 -14 appliance stores •• + a +!8 End-of-month deposits (thousands) i . .$ 4,396 + 9 + 6 Gasoline and service stations .. . -2t + 8 + • Annual rate of deposit turnover . 11.3 + 18 -20 Postal receipts• . . .. $ 35,672 2 + 1 Building permits, less federal contracts S 197,200 + 69 -'1 LOCKHART (pop. 6,084) Bank debits (thousands) . . . . ...$ S0,266 1 + 7 Retail sales End-of-month deposits (thousands);. . $ 20,643 8 Automotive stores + St + 19 -10 Annual rate of deposit turnover .. .. . . 16.9 + 2 + Ii Postal receipts• . S 6,579 +109 + 14 Nonfarm employment (area) . . . . .. . 41,200 4 + 6 Duildinll' permits, less federal contracts $ 22,813 -70 -97 Manufacturing employment (area) . 4,580 + 21 + 6 Bank debits (thousands) . . ... .$ 5,535 + 15 7 Percent unemployed (area) . 6.8 -8 8 End-of-month deposits (thousandsJi . . $ 5,384 + 3 5 Nonfarm placements 415 -81 +211 Annual rate of deposit turnover . 12.5 + 28 3 McCAMEY (pop. 3,375) LOS FRESNOS: see BROWNSVILLE-HARLINGEN-Postal receipts• . . . $ 4.189 + 24 +10 8AN BENITO SMSA Bank debits (thousands) . . . $ 1,807 •• + I End-of-month deposits (thousands) i . .$ 1,628 s -10 Annual rate of deposit turnover. 13.1 + 2 +10 LUBBOCK Standard Metropolitan Statistical Area McGREGOR: see WACO SMSA (pop. 171,0711 ; Lubbock2) Nonfarm employment (area) . 57,000 -1 McKINNEY: see DALLAS SMSA + 5 Manufacturing employment (area) . 6,310 + 2' + 5 Percent unemployed (area) . 3.8 •• -10 MARSHALL (pop. 23,846) LUBBOCK (pop. 128,691) Retail sales -2t -1 Retail sales 2t + 2 + 9 Apparel stores -lt + s • Apparel stores It Postal receipts• . . . $ 32,323 + 19 + • + 2 + 4 Automotive stores Building permits, less federal contracts $ 513,196 +216 +aaa + St + 13 Dru1r stores .......... . Bank debits (thousands) . . .....$ 18,5SO 2 + a It + 4 + 24 Florists End-of-month deposits (thousands) i . .$ 24,806 + a +10 -23 + 21 Food stores Annual rate of deposit turnover.. .. . . 9.3 -a + It + 10 •• -' Furniture and houehold Nonfarm placements 189 -14 +" appliance stores + 11 7 General merchandise stores . 2t + 28 MERCEDES (pop. 10,943) + Lumber, building material, -. Postal receipts• . .. . . . ...... ...... $ 6,047 + 10 and hardware stores + 1t + 23 + 15 Building permits, less federal contracts $ 33,635 + 37 -!8 .. Postal receipts• . . . S 213,469 + 4 + 6 Bank debits (thousands) ....... .. . . . $ 5,399 + 1 Building permits, less federal contr~cts $ 6,044,937 S,686 + 2 I + 61 +157 End-of-month deposits (thousands>: . . $ Bank debits (thousands) ... . .. ... .. .$ 241,603 s -1 + 4 + 15 Annual rate of deposit turnover.... . . 18.6 + F.nd-of-month deposits (thousands) i . .$ 129,542 + 1 + 8 Annual rate of deposit turnover . . . . 22.4 + + 7 MESQUITE: see DALLAS SMSA 244 TEXAS BUSINESS REVIEW Percent change Perrenl rhange Local Business Conditions Local Business Conditions July 1964 July 1964 July 1964 July 1964 July from from July from from City and item 1964 June 1964 July 1963 City and item 1964 June 1964 July 196S MEXIA (pop. 6,121) NEDERLAND: see BEAUMONT-PORT ARTHUR SMSA POltal receipts• ..... · · · · · · · · · · · · · · · · S 6,226 -25 -13 Buildlns permits, less federal contracts $ 11,000 -72 -33 NEW BRAUNFELS (pop. 15,631) Bank debits (thousands) ... .. ........$ 4,817 + 7 + 10 Retail sales End-of-month deposits (thousands) l $ 4,999 3 + 7 Automotive stores Annual rate of deposit turnover. 11.4 + 7 + 2 + St + 12 + 11 Postal receipts• .. $ 17,556 -18 -22 Bank debits (thousands) .. .$ 15,452 MIDLAND + 10 + J8 End-of-month deposits (thousands) i $ 12,960 •• ••Standard Metropolitan Statistical Area Annual rate of deposit turnover. 14.3 + 8 + 14 (pop. 68,4521 ; Midland2) Nonfarm employment (area) . 56,700 •• 2 NORTH RICHLAND HILLS: see FORT WORTH SMSA Manufacturing employment (area) . 4,180 -1 2 Percent unemployed (area) . S.2 •• -16 ODESSA MIDLAND (pop. 62,625) Standard Metropolitan Statistical Area Retall sa1.. (pop. 87,4721 ; Ector2) Drue stores . . .... . -It + -4 Building permits, less federal contracts $ 659,810 -24 -16 Nonfarm employment (area) . 56,700 •• -2 Bank debits (thousands) . . ....... .. $ 128,856 2 -9 Manufacturing employment (area) 4,180 -1 -2 End-of-month deposits (thousands) l .. $ 104,571 -3 + 2 Percent unemployed (area) . 3.2 -16 Annual rate of deposit turnover . 14.5 -3 -15 ODESSA (pop. 80,338) Nonfarm placements . .. 676 -19 -9 Retail sales 2t + 6 -4 Apparel stores 1t + 6 •• MIDLOTHIAN: see DALLAS SMSA Furniture and household appliance stores + 10 -4 MINERAL WELLS (pop. 11,053) General merchandise stores. -2t + 12 -s Retail aalea Postal receipts• . . . . . $ 97,9J7 + 17 .. Automotive stores .. + St 6 -12 Building permits, less federal contract& $ 614,371 +114 + S4 General merchandise stores . -2t + 3 + 14 Bank debits (thousands) ....$ 94,057 + 11 + 17 Postal receipts• . . . .$ 13,885 6 + 3 End-of-month deposits (thousands) l .. $ 83,259 + 5 + IS Bulldlns permits, less federal contracts $ 267,350 + 85 +128 Annual rate of deposit turnover . 13.9 + 8 + 2 Bank debits (thousands) . . . $ 13,148 + 9 9 Nonfarm placements 408 6 4 End-of-month deposits (thousands) . $ 11,177 -5 9 Annual rate of deposit turnover.. 13.7 + 10 s ORANGE: see BEAUMONT-PORT ARTHUR SMSA Nonfarm placements .. 98 + 18 8 PALESTINE (pop. 13,974)MISSION (pop. 14,081) Postal receipts• .. .$ 16,367 8 R.tall aalea Bank debits (thousands) . . .. .. $ 12,448 + 9 Drue 1tore11 .... ........ .... ...... . -It + 4 + 17 End-of-month deposits (thousands) i . .$ J5,0J2 2 Postal receipts• . . $ 10,621 + 12 + 7 Annual rate of deposit turnover . 9.7 + 7 Bulldins permits, less federal contracts $ 253,528 +709 +553 Bank debits (thousands) . . . .$ 12,198 6 + 20 PAMPA (pop. 24,664) End-of-month deposits (thousands>*.. $ 8,318 3 + 2 Annual rate of deposit turnover . 17.S 4 + 14 Retail sales -2t + 7 Automotive stores + St + JS + 4 MONAHANS (pop. 8,567) Postal receipts• .... . . $ 33,281 + 22 + 4 Postal receipts• .$ 11,778 + 32 + 7 Bank debits (thousands) . $ 26,358 + 11 Buildins permits, less federal contracts $ 231, 700 + 44 +529 End-of-month deposits (thousands) i . .$ 20,864 + 1 •• Bank debits (thousands) . . ... ....$ 9,909 2 -1 Annual rate of deposit turnover . 15.3 -1 + 21 End-of-month deposits (thousands>* . $ 6,820 -6 Nonfarm placements 214 -25 + 22 Annual rate of deposit turnover . • 16.8 + + 15 PARIS (pop. 20,977)MOUNT PLEASANT (pop. 8,027) Retail sales 2t + 7 + 16 Retall aale11 Apparel stores Jt + + 23 Apparel 1tore11 ... . ....... ..... ... . lt + 40 + 1 + St + JS + 14 Automotive stores Postal receipts• . . . . . . . . ....$ 1S,S92 + Sl + 16 Lumber, building material, Buildins permits, less federal contracts $ 255,000 +451 +697 lt -27 + 53 and hardware stores + Bank debits (thousands) . . . . . . .. .$ 11,545 + 9 + 15 25,925 + 4 Postal receipts• S + End-of-month deposits (thousands)t.. $ 8,379 2 + 19 -66 -25 Building permits, less federal contract& $ 266,813 Annual rate of deposit turnover. 16.4 •• + 7 Bank debits (thousands) . .$ 20,344 + 7 + 8 End-of-month deposits (thousands) l . $ 15,S85 •• + 6 MUENSTER (pop. 1,190) Annual rate of deposit turnover . 15.9 + 6 + 2 Poatai receipts• . . . . . . . . . . . . . . . . . . . $ 2,110 + 23 + 24 -28 + 12 Nonfarm placements J02 Bank debits (thousands) ....... ......$ 2,524 + s + 1 End-of-month deposits (thousands) t .. $ 2,192 + 12 -12 PASADENA: see HOUSTON SMSA Annual rate of deposit turnover.. ... . 14.6 -2 + 18 PECOS (pop. 12, 728) NACOGDOCHES (pop. 12,674) 17,082 + 42 -2 Poatat recelpta• ............... ......s 22,168 + 10 + 15 Postal receipts• $ 50.100 + 22 -49Bulldlns permlta, less federal contracts S 146,979 + 80 -SS Building permits, less federal contracts $ 15,172 + 14 -8 Bank deb I ta (thousands) .............$ 22,84S + 2 + 14 Bank debits (thousands) . .$ End-of-month depoalta (thousands) t .. $ 19,690 End-of-month deposits (thousands) l . . $ 9,776 -11 -13 •• -1 J7.5 + 15 +Annual rate of depoalt turnover. .... . lS.9 + 2 + 12 Annual rate of deposit turnover . 74 -18 -10Nonfarm placements . . . . .... .. ... . 114 -17 + 65 Nonfarm placements 245 SEPTEMBER 1964 Percent change Percent chant! Local Business Conditions Local Business Conditions July 1964 July 1964 July 1964 July 1984 July from from July from from City and item 1964 June 1964 July 1993 1964 June 1964 July msCity and item SAN ANGELO PHARR (pop. 14,106) Postal receipts• .$ 7,515 + 13 + 25 Standard Metropolitan Statistical Area Building permits. less federal contracts $ 25,065 -84 + 3 (pop. 69,9521 ; Tom Green2) Bank debits (thousands) $ 4,171 + 7 -9 End-of-month deposits (thousands)t . $ 4,036 2 -19 Nonfarm employment (aren) . 20,860 2 •• + a Annual rate of deposit turnover . 12.3 + -Manufacturing employment (area) . 8,670 + 8 +10 Percent unemployed (area) . 6.6 + 17 + ' PILOT POINT: see DALLAS SMSA SAN ANGELO (pop. 58,815) Retail sales . . . . . . . . . . -2t PLAINVIEW (pop. 18,735) + 11 + 11 Jewelry stores -81 Retail sales 2t + 6 + 3 •• 6 4 Postal receipts• ... . $ 101,066 + 11 + 9 Automotive stores + at ­ Building permits, less federal contracts 389,903 10 $ -11 +. 1General merchandise stores. 2t + 39 Bank debits (thousands) . .$ 71.000 .11 + 6 + Lumber, building material, End-of-month deposits (thousands) t . $ 50,440 14 Annual rate of deposit turnover... ... 16.9 and hardware stores + 1t -8 + •• 7 Postal receipts• .......$ 26,756 -3 + + + ' Building permits, less federal contracts $ 540,550 -41 + 39 Bank debits (thousands) . .$ 46,414 + 11 + 18 SAN ANTONIO End-of-month deposits (thous1rnds) t $ 26,764 •• + 8 Annual rate of deposit turnover 20.8 + 14 + 15 Standard Metropolitan Statistical Area Nonfarm placements 265 -18 + 1 (pop. 774,1751 ; Bexar and Guadalupe2) Nonfarm employment (area) . 216,000 •• + 2 PLANO: see DALLAS SMSA Manufacturing employment (area) . 26,925 •• + I Percent unemployed (area) . 4.6 -6 -12 PORT ARTHUR: see BEAUMONT-PORT ARTHUR SAN ANTONIO (pop. 587,718)SMSA Retail sales 1t + 12 + ' Apparel stores lt + 12 PORT ISABEL: see BROWNSVILLE-HARLINGEN­ Automotive stores 4t + 7' +15 SAN BENITO SMSA Drug stores •• •• + 2 Eating and drinking places . + st + 7 + g PORT NECHES: see BEAUMONT-PORT ARTHUR Florists + 6 + 41 SMSA Food stores •• + 5 +12 Furniture and household QUANAH (pop. 4,564) appliance stores 1t + 11 +22 Postal receipts• .. . . ........$ 5,818 Gasoline and service stations. + lt + 7 + 6 + 12 + 3 General merchandise stores. Building permits. less federal contracts $ 28,150 + 1 -51 2t + +15 Jewelry stores -15 -11 End-of-month deposits (thousands) t . . $ 6,123 -3 4 Bank debits (thousands) . . ... ... .. $ 4,793 -24 7 Lumber, building material, Annual rate of deposit turnover . 11.0 -25 3 and hardware stores •• +17 Nurseries + 4 +20 Postal receipts• .....$ 823,588 5 + 1 RAYMONDVILLE (pop. 9,385) Building permits, less federal contracts $ 5,977,614 + 18 + • Postal receipts• .. . .. .. .. . . $ 7,185 + 13 -4 Bank debits (thousands) ... . . ..... . . . $ 835,616 + 5 + 8 Building permits, less federal contracts $ 16,000 -62 -70 End-of-month deposits (thousands)t.. $ 430,652 1 + • Bank debits (thousands) . . . . . . . . . . . . . $ 10,787 + 46 + 37 Annual rate of deposit turnover . . . 23.S + + • End-of-month deposits (thousands) t . . $ 8,316 + 16 + 17 Annual rate of deposit turnover . 16.7 + 30 + 23 Nonfarm placements SCHERTZ (pop. 2,281) 26 -30 -37 Postal receipts* $ 2,039 + 50 + 20 RICHARDSON: see DALLAS SMSA Bank debits (thousands) . $ 747 + 29 End-of-month deposits (thousands) t .. $ 1,146 -9 Annual rate of deposit turnover . 7.5 + 29 ROBSTOWN: see CORPUS CHRISTI SMSA ROCKDALE (pop. 4,481) SEGUIN (pop. 14,299) Postal receipts• .. ....$ 5,895 + 38 + 30 Retail sales Building permits, less federal contracts $ 39.000 Automotive stores St -11 + 49 + +" Bank debits (thousands) . .$ 4,984 + 20 + 14 Postal receipts• .. . $ 12,966 + 2 +11 End-of-month deposits (thousands) t. $ 6,065 $ -28 -87 -I 7 Building permits, less federal contracts 51.370 Annual rate of deposit turnover . 9.8 + 20 + + 10 Bank debits (thousands) . . .. .. $ 12,375 •• + 9 End-of-month deposits (thousands) t $ 15,317 + + •• 8ROSENBERG (pop. 9,698) Annual rate of deposit turnover . 9.7 + Postal receipts• .... $ 11,296 + 28 + 13 Building permits, less federal contracts $ 117,995 + 70 -50 SAN BENITO: see BROWNSVILLE-HARLINGEN-SAN End-of-month deposits (thousands) t . . $ 8,777 1 - + BENITO SMSA SAN JUAN (pop. 4,371) SAN MARCOS (pop. 12,713) Postal receipts• +11 $ 4,050 + 84 + 22 Postal receipts• .$ 14,693 + 43 Building permits, I~~ f~~~~I ~~~t~~~~s $ ,. 600 -90 -23 Building permits, less federal contracts $ 91,890 -65 ~ Bank debits (thousands) ... +11 . .. .$ 2,123 + 32 .$ 9,779 + 18 3 Bank debits (thousands) . End-of-month deposits (thousands) t. .$ + 11 1,688 -4 End-of-month deposits (thousands)t. .$ 10,888 + 6 Annual rate of deposit turnover . 14.8 11.l 8 + 40 + 3 Annual rate of deposit turnover . + -. 246 TEXAS BUSINESS REVIEW Percent change Percent change Local Business Conditions Local Business Conditions July 1964 July 1964 July 1964 July 1964 July from from July from from City and Item 1964 June 1964 July 1963 City and item 1964 June 1964 July l!IG, SAN SABA (pop. 2, 728) TAYLOR (pop. 9,434)Poetal receipts• .... · · · $ S,572 + 4 ··-7 Retail sales Building permits, lee.a federal contracts $ 14,500 -49 +s83 Automotive storea Bank debits (thousands) . . .... .$ 3,892 -10 -19 + St + 28 + 26 Postal receipts• . . . $ 10,911 + 14 -18End-of-month deposits (thousands) i $ 4,618 + 5 -5 Building permits, less federal contracts $ 41,090 -61 + 65 ·Annual rate of deposit turnover. 10.4 -lS -15 Bank debits (thousands) . . . .... $ 8,829 + 20 -7 End-of-month deposits (thousands) i. $ 14,417 + + 2 2 SCHERTZ: see SAN ANTONIO SMSA Annual rate of deposit turnover . 7.4 + 17 -11 Nonfarm placements 48 -2 +105 SEAGOVILLE: see DALLAS SMSA TEMPLE (pop. 30,419) SEGUIN: see SAN ANTONIO SMSA Retail sales 2t -10 + 8 Apparel stores 1t + 8 + 22 SHERMAN (pop. 24,988) Automotive stores + St -27 + 4 Retail sales ..... 2t + + 9 Drug stores It •• + 5 Apparel stores ............ . ... . . .. 1t + 20 + 7 Eating and drinking places. + 2t •• Automotive atorea .............. .. . + St + 2 + 21 Furniture and household Furniture and household appliance stores . .... ... . . .. . •• 2 + 8 appliance stores . . . •• 8 + 4 Lumber, building material, poets) receipts• . . . . . . . . . . . $ 40,780 + 11 + 5 and hardware stores + 1t •• + 24 Bulldlnl' permits, less federal contracts $ l,441,686 +159 +soi Postal receipts• .. ... . .....$ 69,714 + 35 + 20 Bank debits (thousand&) . . . . . . ....$ 31, 611 -4 + 6 Building permits, less federal contracts $ 565,791 -80 + 9 End-of-month depoaits (thousands) i ..$ 20,988 + 6 + 8 Bank debits (thousands) . . ..$ 37,677 -s .. Annual rate of depoait turnover. 18.6 -10 -8 Nonfarm placements 212 -26 + 10 Nonfarm placements . . . 125 -24 -19 TERRELL (pop. 13,803)SILSBEE (pop. 6,277) Postal receipts• $ 11,806 + 83 + 15 Pa.tal receipts• . .. .. .. .. .. . ... .. .. $ 9,683 •• + 7 Building permits, less federal contracts $ 351,621 +690 -41Bulldlnir permits, less federal contracts $ 40,700 +643 -54 Bank debits (thousands) . . $ 10,152 + 2 + 7Bank debits (thousand&) . . ... .. $ 5,670 + 34 + 18 End-of-month deposits (thousands) i. $ 8,801 + 2 + 2End-of-month deposits (thousands>* .. $ 5,460 -7 -8 Annual rate of deposit turnover . 14.0 •• + 4Annual rate of deposit turnover. 12.0 + 38 + 17 SINTON (pop. 6,008) TEXARKANA Pa.tal recelpta• . . . . . . . . $ 7,818 -11 + 8 Standard Metropolitan Statistical Area Balldlnl' permits, less federal contracts $ 25,600 +212 -80 (pop. 62,869t; Bowie, excluding Miller, Ark.2 ) Bank debits (thousands) . . . . . $ 6,792 + 68 + 28 End-of-month deposits (thousands) i. $ 4,677 + 16 •• Nonfarm employment (area) . 32,000 •• .. Annual, rate of deposit turnover. 18.7 + 55 + 36 Manufacturing employment (area). 6,840 + 1 s Percent unemployed (area) 6.0 -13 + SLATON: see LUBBOCK SMSA TEXARKANA (pop. 30,218) Retail salesSMITHVILLE (pop. 2,933) Furniture and household P...W receipts• . . $ 2,969 + 36 + S2 .. appliance stores •• + 6 Balldln1 permits, leaa federal contracts S 2,250 + 5 +275 Postal receipts• .$ 68,446 6 + 4 Bank debits (thousand&) . . . . . . .. . $ 1,345 + 14 7 Building permits, less federal contracts $ 493,560 + s +511 End-of-month deposits (thousands) i .. $ 2,42S + 1 + 4 Bank debits (thousands) .... . $ 74,429 + 6 + 8 Annual rate of depoalt turnover. 6.7 + 14 7 End-of-month deposits (thousands) it.$ 19,382 2 + 4 Annual rate of deposit turnover. 21.6 + 13 + 6 SNYDER (pop. 13,850) a.tall wee TEXAS CITY: see GALVESTON-TEXAS CITY SMSA Automotive atores + St + 20 + 19 Buildlnc permits, Iese federal contracts $ 29,325 -50 -38 Bank debits (thousands) . . . . . . . . . . $ 14,614 -11 + 36 TOMBALL: see HOUSTON SMSA End-of-month deposits (thousandsJi.. $ 16,684 7 + 3 Annual rate of depoalt turnover. ... . . 10.1 9 + 26 TYLER SOUTH HOUSTON: see HOUSTON SMSA Standard Metropolitan Statistical Area (pop. 92,3351 ; Srnith2 ) SULPHUR SPRINGS (pop. 9,160) POltal receipts• . . . . . $ 17,197 + 39 + 28 Nonfarm employment (area) . 32,650 .. + s Buildlnc permits, Iese federal contracts S 125,650 -28 + 76 Manufacturing employment (area) 8,430 •• + 6 Bank deblta (thousands) . . S 12,780 + 2 + 5 Percent unemployed (area) . 4.4 6 End-of-month deposita (thousands)i.. $ 12,32S 2 4 TYLER (pop. 51,230) Annual rate of deposit turnover . . . . . . 12.8 + 8 + 7 ..Retail sales 2t + s It + + 10 SWEETWATER (pop. 13,914) Apparel stores a.tall wee Automotive stores + 3t + 9 -2 -14 + 22 Florists Automotive 1torea ...... ... ....... . + St -8 + 18 .. $ 123,112 + 20 + 24 POltal recelpta• ...... .. ... .... .. .... S 16,076 + 58 + 19 Postal receipts• Bulldlq permlta, lees federal contracts $ 49,010 -81 -9 Building permits, less federal contracts $ 1.006,470 -58 + 38 Bank debits (thousands) . $ 115,555 + 4 2 Bank deblta (thousande) . . . . $ 11,705 + 9 -7 End-of-month depoaita (thousands>*..$ 9,987 •• •• End-of-month deposits (thousands) t. $ 70,245 -2 + s 19.6 + 4 3 Annual rate of deposit turnover .. . Annual rate of depoalt turnover. . ... . 14.1 + 9 5 653 -12 + 4Nontum placementa . .... ..... . 107 -4 -8 Nonfarm placements 247SEPTEMBER 1964 Percent change Pereesatclialllt Local Business Conditions Local Business Conditions July 19&4 July 1964 July I964 July 191 July from from July from frcm 1964 June 1964 July !%~ City and item I964 June I964 July 19(City and item WEATHERFORD (pop. 9,759)UVALDE (pop. 10,293) Postal receipts• ... $ 11,425 + 1 Retail sales Building permits, less federal contracts $ I02,981 -20 -' Food stores End-of-month deposits (thousands) t . . $ I4,S88 -2 + 9 + It + 3 + 6 -SI Lumber, building materials, and hardware stores + It -10 + 2 Postal receipts• .. .S 14,812 + 47 + 55 WESLACO (pop. 15,649) Building permits, less federal contracts $ 170,688 + 30 + 38 Bank debits (thousands) $ 12.925 + 18 2 Retail sales End-of-month deposits (thousands) t. 9,174 + + Automotive stores .. ... .... .. .. .. + St -18 Annual rate of deposit turnover . . 17.2 + 12 3 Food stores .... .. ........ + It + -I Postal receipts• .. $ I0,387 2 + 2 Building permits, less federal contracts $ 405,825 +525 +usa Bank debits (thousands) . . .. . $ 7,505 + VERNON (pop. 12,141) End-of-month deposits (thousands) t. $ 7,022 •• + •• l Annual rate of deposit turnover. I2.8 + 8 •• Retail sales Automotive stores + 3t + 37 + 28 Postal receipts• $ 16.135 + 31 + 9 WHITE SETTLEMENT: see FORT WORTH SMSA Building permits, less federal contracts $ 79,598 -63 + 47 Bank debits (thousands) $ 14,963 -15 5 End-of-month deposits (thousands)t $ 19,588 -3 -1 WICHITA FALLS Annual rate of deposit turnover . 9.0 -17 -4 Standard Metropolitan Statistical Area Nonfarm placements 97 -5 -20 (pop. 140,8401; Acher and Wichita2) Nonfarm employment (area) .. 46,900 + + I VICTORIA (pop. 33,047) Manufacturing employment (area) . 4,240 + I + I Percent unemployed (area) . S.9 7 -11 Retail sales 2t + 7 + 9 Apparel stores It -10 -4 IOWA PARK (pop. 5,000r) Food stores ... . + It •• -10 Building permits, less federal contracts $ I6S,OOO +499 + 8' Postal receipts• ..................... $ 46,159 + 5 + 2 Bank debits (thousands) . .$ 4,221 9 + 18 Building permits, less federal contracts $ 662,090 + 39 -4 End-of-month deposits (thousands) t ..$ 4,357 2 + 9 Bank debits (thousands) $ 75,277 + 11 + 11 Annual rate of deposit turnover..... 11.5 8 + 8 End-of-month deposit.. (thousands) t $ 82,102 -1 -1 Anr.ual rate of deposit turnover . 11.0 + 12 + 11 Nonfarm placements 579 -1 + 15 WICHITA FALLS (pop. 101,724) Retail sales 2t + 8 + 11 Apparel stores lt -s -a WACO Automotive stores + St + 10 + 1l Furniture and household Standard Metropolitan Statistical Area appliance stores •• -8 + 9 (pop. 153,1091; McLennan2) General merchandise stores. -2t + 18 •• Nonfarm employment (area) . 52,000 .. + 2 Postal receipts• . . $ I21,689 -IO I Manufacturing employment (area) . 10.940 + + 2 Building permits, less federal contracts $ 786,928 -86 6 Percent unemployed (area) . 5.1 •• 6 Bank debits (thousands) . .$ 186,224 -8 + 'End-cf-month deposits (thousandsJi . . $ IOI,696 •• -1 Annual rate of deposit turnover. I6.0 -5 +IO McGREGOR (pop. 4,642) Building permits, less federal contracts $ 50,700 +2435 + 23 Bnnk debits (thousands) . . .. ... .$ 4.356 LOWER RIO GRANDE VALLEY 5 + 13 End-of-month deposits (thousands) t . .$ 5,823 + + 3 (pop. 352,0861 ; Cameron, Willacy, and Hidalgo2) Annual rate of deposit turnover. 6' 9.0 + 10 Retail sales 2t + 4 + Apparel stores It + 9 + 4 Automotive stores + St + +10 WACO (pop. 103,462) Drug stores It + + T Eating and drinking places. + 2t •• •• +II Retail sales Florists .. + 8 2t + 2 + 4 + 2 Apparel stores ... .. .... . .. .. . . . Food stores + It + 9 It + 11 + 1 Automotive stores Furniture and household + St 4 + + General merchandise stores appliance stores . .. .. •• + 2t + 3 + 5 Lumber, building materials, Gasoline and service stations. 2t •• + 8 •• and hardware stores. General merchandise stores . 2t + Postal receipts• . . . . . . . . . .$ Lumber, building material, + lt + 26 •• 188,513 + 1 + 8 Building permits, less federal ~~~t~~~~~ $ 807,234 -34 -37 and hardware stores .... . . . _... . + It s + Bank debits (thousands) . . . . . . . . . . . $ Office, store, and school 135,821 + 6 End-of-month deposits (thousands) t. $ 82,817 + 6 supply dealers ... _. . .. _ . . . .. --.. -I8 + + 3 + 17 +u + I Annual rate of deposit turnover . Postal receipts• .. 20.0 + ­ 4 11 +81 Building permits, less federal contracts + 78 Bank debits (thousands) ... .... ... . + I8 + 14 I + 2End-of-month deposits (thousands) . . . + WAXAHACHIE: see DALLAS SMSA + 12 +lt Annual rate of deposit turnov~r. I9.0 248 TEXAS BUSINESS REVIEW BAROMETERS OF TEXAS BUSINESS All figures are .for Texas unless other_wi~ indicated. All indexes are based on the average months for l 95i·59, except where indi· cated;. all are ad}usted. for seasonal vanauon, except. ~nnual indexes. Employment estimates are Texas Employment Commission data m cooperation ~It~ the ~u.reau ~f Labor Stat.1sttcs of the U. S. Department of Labor. The index of Texas business acti,·it\' iJ based on bank debits m 20 c1ttes, ad1usted for pnce level. An asterisk (•) indicates preliminary data subject to revision. Re\'iset.I data are marked (r) . Year-to-date average July June July1964 1964 1968 1964 1963 GENERAL BUSINESS ACTIVITY Texas business activity, index . 152.2• 147.2r 139.3r 146.9 134.9 Miscellaneous freight carloadings in SW District, index .......... . 78.9 76.2 80.1 77.5 78.0 Wholesale prices in U. S., unadjusted index . 100.4• 100.0r I00.6r 100.4 100.2 Consumers' prices in U. S., unadjusted index . 108.3 108.0 107.1 107.8 106.3 Income payments to individuals in U. S. (billions, at seasonally ad- justed annual rate) .. . . ......... . $ 490.8• $ 489.3r $ 464.0r $ 484.2 $ 458.0 Business failures (number) . . .... .. . . 60 69 42 59 49 Business failures (liabilities, thousands) $ 6,964 $ 4,921 s 2.778 s 5,406 $ 4.102 Newspaper linage, index . . . 113.8 107.7 106.3 108.9 106.1 Ordinary life insurance sales, index . 160.0 157.8 136.5 151.2 129.5 TRADE Total retail sales, index . . ... ...... . . 135.5• 132.3• 125.8r Durable-goods sales, index . 152.5• 153.9• U!8.8r Nondurable-goods sales, index . 126.8• 121.1 • ll9.2r Ratio of credit sales to net sales in department and apparel stores 64.9• 68.3• 64.5r 68.2 69.1 Ratio of collections to outstandings in department and apparel stores 33.8• 31.4• 32.0r 33.6 32.7 PRODUCTION Total electric power consumption, index . . . . . . ... .. . . . 178.8• 163.3• 156.7r 162.0 145.5 Industrial electric power consumption, index 152.6• 148.9• 136.4r 147.5 132.4 Crude oil production, index . 102.8• 102.8• 99.3r 99.5 93.9 Average daily production per oil well (bbl.) ... . ... .. . . .. . . . .. . 12.9 13.1 13.0 u.o 12.6 Crude oil runs to stills, index . 120.6 116.4 112.8 ll5.I 110.6 Industrial production in U. S., index . 132.7• 131.7r 125.7r 130.2 122.7 Texas industrial production-total. index. 129• 128• 123r 125 118 Texas industrial production-manufacturing. index . 145• 145• 135r 142 152 Texas industrial production-durable goods, index 141• 140• 129r 136 124 Texas industrial production-nondurable goods, index . 147• 148• 139r 147 138 Texas mineral production, index . 107• 107• J07r 103 100 Construction authorized, index .......... . 151.8 121.8 139.8 131.2 129.6 Residential building, index . . . . . ... .. .. . . . ... ... . . . . . . . 128.6 122.0 149.1 120.5 122.5 Nonresidential building, index ... . . . . . ... . . ... .. . . . .. .... . 198.6 116.8 129.4 148.4 139.7 AGRICULTURE Prices received by farmers, unadjusted index, 1910-14=100 . .... Prices paid by farmers in U.S., unadjusted index, 1910-14=100 . Ratio of Texas farm prices received to U. S. prices paid by farmers . . 242 312 78 246 313 79 262 313r 84 250 313 80 262 312 84 FINANCE Bank debits, index . Bank debits, U. S., index . 152.8 173.2 147.2 160.9r 140.1 154.1 147.4 162.3 135.1 147.7 Reporting member banks, Dallas Federal Reserve District: Loans (millions) .. . . Loans and investments (millions) .. Adjusted demand deposits . (millions) . Revenue receipts of the State Comptroller (thousands) $ 4,166 $ 6,221 $ 2,850 $127,628 $ 4,225 $ 6.296 $ 2,740 $124.106 $ 3,637 $ 5,792 $ 2,819 $112,537 $ 4,107 $ 6,178 $ 2,824 $149,041 $ 3,573 $ 5,723 $ 2,855 $138,590 LABOR Manufacturing employment in Texas, index ... ... . Total nonagricultural employment in Texas, index . Average weekly hours-manufacturing, index .. Average weekly earnings-manufacturing, index . . .. .. .. . . . Total nonagricultural employment (thousands) ........ . . Total manufacturing employment (thousands) Durable-goods employment (thousands) ... . Nondurable-goods employment (thousands) ... . ..... . 109.6• 111.2• 102.2• 117.8• 2,760.7~ 533.9• 265.5• 268.4• 109.6r 110.9• l01.4r ll6.8r 2,758.6r 534.8r 265.4r 269.4r 106.8r 108.9r lOI.7r II3.4r 2,703.7r 520.4r 254.8r 265.6 108.7 110.7 101.6 II6.6 2.728.3 526.2 259.5 266.7 105.5 108.l 101.0 112.2 2,664.6 510.6 247.6 262.9 Total nonagricultural labor force in selected labor market areas (thousands) .. . .. . ........... . . .. . . . . .. . . Employment in selected labor market areas (thousands) ...... . 2,522.1 2,351.8 2,514.5 2,343.7 2,467.0r 2,282.9r 2,485.7 2.326.8 2,430.0 2,251.0 Manufacturing employment in selected labor market areas (thousands) ... ..... . .. . . . . . . . .. ... . . . . Total unemployment in selected labor market areas (thousands) .. 431.2 105.6 429.9 109.4 410.8r II4.5r 423.1 104.7 402.3 116.6 Percent of labor force unemployed in selected labor market areas .. . . ....................... . . . ... .. . . . . .. . . . ... . 4.2 4.4 4.6r 4.2 4.8 f:l '"3 " r. z " t'l .0 c t'l Cll ;J 0 > c Cll j .z ;J ~ Cll -:i 00 -:i ..... N> '"3 :i: t'J c z ~ Cll " ~ 0 "l ;J ~ Cll to q ~ t;rj > q 0 >tj to q Ul .... z t;rj Ul Ul ~ t;rj Ul t;rj > ~ ("') ::i:: ..... ct' .. t-4 ,... O' '1 O> '1 t'l 0 ..... "" z Cll ru '"3 '"3 ::i 0 "l t'l "l t'l " c:; 0 t'l > > '"3 Cll '"3 Cll t'l :i: (') t'l 0 z > 0 c A Cll ~ '"3 (/) Cll .z 3: '"3 > t'l x ::i t'l > " Cll MARKET DEMAND AND PRORATION OF TEXAS CRUDE PETROLEUM by ALFRED CAMERON MITCHELL, M.B.A. In this study of Texas crude petroleum, the principal aspects investigated were the methods utilized by the Railroad Com­mission of Texas in estimating demand and the accuracy of the data on which these estimates are based. In addition, a summary is given of the historical needs for the proration of petroleum production. Alfred Cameron Mitchell is a lecturer in business statistics and graduate student in the College of Business Administra­tion, The University of Texas. The Bureau of Business Re­search presents this study as No. 10 in its Texas Industry Series. . ... $1.50 Order your copy from BUREAU OF BUSINESS RESEARCH (Texas residents add 2% sales tax.)