TEXAS BUSINESS REVIEW VOL. XLII, NO. 9, SEPTEMBER 1968 Editor, Stanley A. Arbingast; Associate Editor, Robert H. Ryan; Managing Editor, Graham Blackstock Editorial Board: Stanley A. Arbingast, Chairman; John R. Stockton; Francis B. May; Robert H. Ryan; Graham Blackstock CONTENTS ARTICLES 257: THE BUSINESS SITUATION IN TEXAS, by Robert H. Ryan 261: RECOMMENDATIONS FOR DEVELOPING THE EXPORT PO­TENTIAL OF TEXAS, by Gordon Arnold and Curtis Reierson 264: BUILDING REVIEW, JULY, by Dennis w. Cooper TABLES 258 : SELECTED BAROMETERS OF TEXAS BUSINESS 258 : BUSINESS-ACTIVITY INDEXES FOR 20 SELECTED TEXAS CITIES 258: PRELIMINARY ESTIMATES OF TOTAL RETAIL SALES 259: POSTAL RECEIPTS, SELECTED TEXAS CITIES 259: CREDIT RATIOS IN DEPARTMENT AND APPAREL STORES 259 ; RETAIL-SALES TRENDS BY KIND OF BUSINESS 260: NONAGRICULTURAL EMPLOYMENT, SELECTED LABOR­MARKET AREAS 263: TEXAS MANUFACTURERS INTERESTED IN EXPORTING BY MAJOR-INDUSTRY CLASSES 264: ESTIMATED VALUES OF BUILDING AUTHORIZED IN TEXAS 265 : NONFARM BUILDING AUTHORIZED IN SIX SELECTED METROPOLITAN AREAS, JANUARY-JULY 1968 266: LOCAL BUSINESS BAROMETERS OF TEXAS BUSINESS (inside back cover) CHARTS 257 : TEXAS BUSINESS ACTIVITY 258: INDUSTRIAL PRODUCTION, TEXAS 258: INDUSTRIAL ELECTRIC-POWER USE, TEXAS 258: PRICES RECEIVED BY FARMERS: ALL FARM PRODUCTS, TEXAS 260: MANUFACTURING EMPLOYMENT, TEXAS 260: TOTAL NONAGRICULTURAL EMPLOYMENT, TEXAS 260: TOTAL UNEMPLOYMENT, TEXAS 260: INSURED UNEMPLOYMENT, TEXAS 264: TOTAL BUILDING AUTHORIZED IN TEXAS 265: RESIDENTIAL BUILDING AUTHORIZED IN TEXAS MAP 262: NUMBER OF TEXAS MANUFACTURERS INTERESTED IN EX­PORTING (by counties) 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: Cynthia Bettinger Research Associates: Frances Allen, Charles 0. Bettinger, Graham Blackstock, Dennis W. Cooper, Willetta Dement, Robert Ittner, Ida M. Lambeth, Robert M. Lockwood, Robert H. Ryan, Lamar Smith, Jr., Tim Throckmorton Research Assistants: Susan Godwin, Terry Throckmorton Statistical Assistants: Mildred Anderson, Constance Cool­ edge, Glenda Riley Statistical Technicians : Doris Dismuke, Mary Gorham Cartographers: Patricia Middendorf, Douglas Winters, Jr. Librarian: Merle Danz Administrative Secretaries: Phyllis Parks, Ellen Young Senior Secretaries: Carolyn Harris, Jeanette Pryor Senior Clerk Typists: Mary Elizabeth Galvan, Rosa Gon­ zalez, Shirley Rosendahl Senior Clerk: Salvador B. Macias Offset Press Operators: Robert Dorsett, Daniel P. Rosas Published monthly by the Bureau of Business Research, Graduate School of Business, The University of Texas at Austin, Austin, Texas 78712. Second-class postage paid at Austin, Texas. Content of this publi­cation is not copyri11:hted and may be reproduced freely, but acknow­led11:ment of source will be appreciated. The views expressed by authors are not necessarily those of the Bureau of Business Research. Subscrip­tion. $3.00 a year; individual copies, 25 cents. The Bureau of Business Research is a member of the Associated University Bureaus of Business and Economic Research. THE BU SINESS SITUATION IN TEXAS Robert H. Ryan Texas business activity registered its largest month-to­month increase on record between June and July of this year. The 16-percent gain brought the seasonally adjusted index to an all-time high, as charted below, and raised the year-to-date average for the index to a level 14 percent above that of January-July 1967. Not all Texas cities have participated equally in this summer's striking upward movement, but almost all major cities in the state have shared to some degree in the ex­pansion of business activity. Dallas has been the dynamic leader, with Austin and Houston not far behind, as shown in the accompanying table of indexes for 20 cities. San Antonio, too, has gained strongly, partly because of the increase in tourism revenues due to HemisFair. High growth rates are shown also for El Paso and Fort Worth but from somewhat lower bases than in preceding cities. The increase in business volume as a whole has been supported by expansion in most major phases of the state's economy. Petroleum production and refinery inputs for January through July were 8 percent higher than they were in the corresponding period last year, with gasoline prices showing solid strength. Altogether, Texas' July in­dustrial production was up nearly 10 percent from July 1967. Additionally, average weekly earnings in manufac­turing were up 6.9 percent, compounding the effect of the expansion in industry. Texas' civilian labor force has grown by 139,600 since July 1967, according to Texas Employment Commission estimates for this July. Yet unemployment has decreased in the state as a whole and in several major cities. July average unemployment in the major labor-market areas equaled only 2.9 percent of the labor force, with even lower levels in the largest cities: Houston 2.3 percent, and Dallas 1.8 percent. These unemployment figures are so small as to require some qualification. Undoubtedly a substantial number of the 30,000 persons ostensibly "unemployed" in Dallas and Houston together are only casual jobseekers or workers between jobs. Even more are underskilled workers who cannot meet the increasing technical requirements for employment. In short, these cities and many others may be witnessing virtually full employment, or as full as the present labor force can sustain. Rapid urbanization, high building costs, and tight money have combined to bring Texas a remarkable boom in apart­ment construction. Structures containing three or more family dwelling units accounted for most of the gain in building permits during the first seven months of this year. In June and July alone more than $38 million worth of multiplex residential construction was authorized. Even the construction of one-family homes, while inhibited some­what by the credit situation, has moved well ahead of the 1967 year-to-date total. To the extent that homebuilding has been depressed by high-cost money, activity may re­spond to the slight softening in interest rates. On the other hand, buyers show some inclination to postpone their commitments to purchase new homes. The building season will probably be over before easier money can provide much stimulus, though in Texas the building season is a good deal longer than in most of the country. At least there is reason to look for a substantial increase in homebuilding for 1969. Texas retailing exhibited some curious shifts in pattern as 1968 passed its midpoint. In this state, as nationally, automobile sales held up better than expected. Bureau of TEXAS BUSINESS ACTIVITY Index Adjusted for Seasonal Variation-1957-1959=100 250 250 200 200 150 150 100 100 50 50 0 0 Business Research statistical analysts projected a drop of 7 percent from June to July, based on the experience of recent years; yet, the actual decline was only 3 percent, representing a sort of negative victory of car salesmen over their past. Some of the automobile sales were doubtless due SELECTED BAROMETERS OF TEXAS BUSINESS (Indexes-Adjusted for seasonal variation-1957-1959 =100) Percent change Yea r-to-date average Year-t<>-date July 1968 1968 July fromaverage fromJune Index 1968 19671968 1968 June 1968 Texas business activity 236.0 • 204.1 • 213.3 16 14 Crude-oil production ..119.0 • 115.9 • 115.3 3 8 Crude-oil runs to stills 135.1 137.1 133.2 8 Total electric-power use 230.1 • 230.0 • 217.0 •• Industrial electric-power use ...... ....... . ... 203 .0 • 208.7 * 197.5 3 Bank debits ............257.5 221.9 231.1 16 17 Sales of ordinary life insurance ...........236.2 212.4 217 .6 11 17 Urban building permits issued ...... . ...... . 180.9 156.1 165.0 16 11 Residential ..........174.3 156.2 149.1 12 34 Nonresidential . ......191.4 147.9 190.3 29 8 Total industrial production . .. ... .. ..170.2 • 168.8 • 167.1 9 Miscella neous freight car.loadings in S.W. District 86.9 86.1 85.0 2 Total nonfarm em ployment .. . .....138.9 • 138.4 • 137.4 •• 5 Manufacturing employment ........ . 146.4 • 146.1 • 143.6 •• Total unemployment . .. 76.9 86.8 70.9 11 Insured unemployment 38.8 37.6 41.6 15 Average weekly earnings- manufacturing ......139.0 • 139.1 • 137.6 •• 8 Average weekly hours-manufacturing .. ....101.4 * 101.2 • 101.2 .. .. * Preliminary. •• Change is less than one half of 1 percent. BUSINESS-ACTIVITY INDEXES FOR 20 SELECTED TEXAS CITIES (Adjusted for seasonal variation-1957-1959 =100) Percent change Year-to-date average· City July• 1968 June* 1968 Year-to-date average 1968 July 1968 from June 1968 July 1968 from July 1967 Abilene .. ... 141.3 126.7 133.2 12 Amarillo .198.6 186.5 186.8 6 10 Austin . ........267.7 267.5 244.8 •• 21 Beaumont .. . ...198.1 172.6 188.6 15 Corpus Christi 155.1 157.4 157.4 12 Corsicana ......165.1 150.1 162.3 10 9 Dallas ... . ..... . 280.4 246.7 252.3 14 18 El Paso ........151.l 125.3 135.8 21 19 Fort Worth .. . . 171.1 150.9 166.0 17 16 Galveston ......126.1 123.3 131.8 2 15 Houston ... .....246.9 220.9 231.2 12 13 Laredo .........245.3 207.2 214.1 18 12 Lubbock .. . ....181.3 145.6 153.1 25 3 Port Arthur ....108.7 115.3 112.8 6 2 San Angelo ....164.2 152.5 156.0 8 8 San Antonio ....211.0 190.8 193.4 11 16 Texarkana . . ... 248.8 216.2 230.7 15 10 Tyler . .. .. . .. . 170.4 142.1 156.3 20 7 Waco .. ... ... . 176.6 165.2 170.2 7 12 Wichita Falls .. 154.6 136.6 135.8 13 6 • Preliminary. ** Change is less tha n one half of 1 percent. 258 INDUSTRIAL PRODUCTION, TEXAS• / ndu Adj u sted for S•••On•I Vu 111tlon-1'S1-lf51 • IOO so so IUS 1956 1957 1951 1959 1960 1961 1962 1963 196' 1965 1966 1967 1961 * Manubc1ure1 and minenh (includma crude-oil and natunl·a•• production). NOTE: Shaded areu indlc;ate period• of dedine of total bueine•• ac;tivity in the United StatH. SOURCE: Federal Reserve Bank of Dalla•. INDUSTRIAL ELECTRIC-POWER USE, TEXAS /ndu Adju•ted for Sea son•l Variation-1957 -l'Sf' IOO 350 uo 300300 250250 200200 150150 100100 so so 1955 1956 1957 1958 1959 1960 1961 1962 1963 196• 1965 1966 1967 1961 NOTE: Shaded area• indicate period• of decline of total bueineu acdvity in the Unlted Stat•• · PRICES RECEIVED BY FARMERS ALL FARM PRODUCTS, '.fEXAS Jndu Adj usted for Sea1onal Variatron-1910 -1914=100 350 - "" ~, ,.,._ J ,.., ,,.._ ,.-­ ~ ..... r-v-• - 350 300300 250250 200200 150150 100100 so so 1955 1956 1957 1951 1959 1960 1961 1962 1963 '"' 1965 1966 1967 1968 NOTE: Shaded ar ea• indicate period• of decline or total bueineu activity in the United Statee. SOURCE: U.S. Oeparhnent of Agriculture. PRELIMINARY ESTIMATES OF TOTAL RETAIL SALES (Unadjusted) Percent change Type of store Jul 1968 p• (millions of dollars) Jul1968 from Jun 1968 Jul 1968 from Jul 1967 Jan-Jul 1968 from Jan-Jul 1967 Total ..............1,652.0 4 12 10 Durable goods # . . . 645.0 ** 23 17 Nondurable goods ..1,007.0 6 6 6 p Preliminary. • Bureau of Business Research estimates based on data from the Bureau of the Census. # Contains automotive stores, furniture stores, and lumber, building­ material, and hardware dealers. •• Change is lees than one half of 1 percent. POSTAL RECEIPTS RETAIL-SALES TRENDS BY KIND OF BUSINESS SELECTED TEXAS CITIES (Unadjusted) Percent change Jul 1968 Jul 1968 from from Jul 1968 Jun 1968 Jul 1967 Percent change J uly from June Actual Number of Jul 1968 Jul 1968 Jan-Jul 1968 reporting Normal from from from Kind of business stores seasonal •Jun 1968 Jul 1967 Jan-Jul 1967 DURABLE GOODS Automotive storest . .....318 - 7 3 22 17 Motor-vehicle dealers 185 2 22 17 Furniture and household- appliance stores" . . . 161 - 1 18 13 Furniture stores ..... .100 2 14 13 Lumber, building-material, and hardware dealers 203 - 1 9 30 18 Farm-implement dealers 19 21 - 3 11 Hardware stores .. . . .. 58 - 5 15 13 Lumber and building­ material dealers ....126 11 40 20 NONDURABLE GOODS Apparel stores ... . . 280 9 8 Family clothing stores 42 5 4 Men's and boys' clothing . . . 51 10 15 14 Shoe stores ....... . .. 51 - 2 10 Women's ready-to-wear stores ... . . .. .... .. 113 7 Other apparel stores . . 23 18 14 14 Drugstores . . . ... . .. ... .158 - 2 2 9 6 Eating and drinking placest . . . . .... . ... 136 Restaurants . . . . . . . . . . 85 •• .. 4 Food storest .. . .. .......384 7 12 3 2 Groceries (without meats) ........ .. . . 71 3 Groceries (with meats ) 300 13 2 Gasoline and service stations ......... .. .991 14 11 General-merchandise storest ....217 9 2 7 11 Full-line stores .. . .. . . 129 4 13 15 Dry-goods stores . 50 5 4 Department stores . . . . 38 3 3 13 Other retail storest . ....261 - 4 7 8 Florists 52 15 12 N urseries 19 - 13 39 6 Jewelry stores .... . 34 2 7 Liquor stores .. . 41 - 2 Office-, store-, and school-supply dealers 33 7 21 *Percent change of current month's seasonal average from preceding month's seasonal average. t Includes kinds of business other than classification listed. •• Change is less than one half of 1 percent. less to salesmanship than to buyers' certain knowledge that 1969 models will be more expensive, generally by about $100 per car, and less generously covered by manufacturers' warranties. General-merchandise stores, especially department stores and full-line stores, did rather well in July, though the category as a whole fell short of its expected 9-percent sales gain. In point of fact, the summer sales pattern in Texas general merchandising has been shifting rapidly in recent years, and it has become increasingly difficult to determine the "normal" seasonal pattern. Not many years ago July ordinarily brought a midsummer slump in sales. Since the early 1960's, however, July has become a decided­ly better month than June. Computer-assisted analysis of Alice ...........•... . .. 23,491 A~~ ..................l&lU Ballinger . . . . . . . . . . . . . . . 5, 772 Breckenridge .... ... ....10,719 Carrizo Springs . . . . . . . . 3, 772 Carthage . . . . . . . . . . . . . . . 6,836 Center .. .... .......•... 7,233 Childress .. .. .. . . . .. . ... 6,806 Cleveland . . . . • . . . . . . . . . 8,480 Coleman . . . . . . . . . . . . . . . . 6,362 Columbus . . . . . • . . . . . . . . 5,494 Commerce ...... ........ 11,402 Crockett . . . . .......... .. 9,035 Cuero . . . . . . . . . . . . . • . . . . 8. 793 Dalhart . . ....... . ... . .. 7,391 Dumas ...... . . . . ....... 9,984 El Campo ..... ......... 13,576 Electra . . ....•.. • ....... 3,631 Falfurrias . . . . . . . . . . . . . . 5,358 Gainesville . . ...• .. . ....20,659 Galena Park .... ........10,787 Gilmer . . ........•... ... 7,051 Hale Center . . . . . . . . . . . . 2,668 Hearne . . . . . . . . . . 5,351 Hempstead . ... . . . ... 5,472 Hillsboro ... . .... . ..... .10,105 Hurst ..... .... .........21,668 Kenedy . . . . . . . . . . . . . . . . . 4, 789 Kermit . . . . . . . . . . . . . . . . . 9,689 Kerrville .... .. . . . .. ....18,045 La Grange . . . . . . . . . . . . . 8,033 Mathis . ... .... ...•.. ... 4,048 Mexia . . . . . . . . . . . 8,072 Navasota .... . .. . . . ... . . 6,696 New Braunfels .........24,984 Perryton ........ . . .....10,014 Pittsburg .. ............ 5,863 Plano ...... .. ..... . ....15,174 Port Lavaca .. .... . . . ...14,115 Rusk ....... . ... • .. ..... 7,176 Seminole .......... . ..... 6.366 Taft .. . ............. . .. 4,155 Terrell . .. ... . ..... . ....12,237 Wharton ....... . .•... . . 9,176 Winnsboro ......•..•... . 5.513 Yoakum .......... .. ....22,042 21 10 4 29 34 14 13 75 19 27 32 14 38 14 29 14 25 36 35 24 9 25 24 26 9 4 32 25 31 36 26 1 52 14 29 7 28 27 10 2 35 19 23 35 10 44 17 12 36 .. 16 40 29 8 34 40 23 15 24 27 21 17 10 23 5 27 18 13 33 1 9 28 2 29 23 1 30 2 12 •• Change is less than one half of 1 percent. CREDIT RATIOS IN DEPARTMENT AND APPAREL STORES Classification Number of Credit ratios • Collection ratios t (annual sales reporting J ul J ul J• l J ul volume 1967) stores 1968 1967 1968 1967 ALL STORES . . ... . ... 26 61.1 61.0 31.7 32.2 BY TYPE OF STORE Department stores 8 64.5 63.1 34.2 34.3 Dry-goods and apparel stores 5 58.7 58.9 40.7 37.2 Women's specialty shops .. 7 60.1 61.0 30.5 31.8 Men's clothing stores 6 58.8 58.3 44.2 43.4 BY VOLUME OF NET SALES Over $1,500,000 . . . 8 62.1 62.0 30.8 31.6 $500,000 to $1,500,000 .... 6 53 .5 53.3 40.8 38.4 $250,000 to $500,000 ..... . 62.4 63.6 38.6 38.8 Less than $250,000 6 49.4 47.4 38.9 38.1 •Credit sales divided by net sales. t Collections during the month divided by accounts unpaid on first of the month. SEPTEMBER, 1968 MANUFACTURING EMPLOYMENT, TEXAS TOTAL UNEMPLOYMENT, TEXAS Index Adju sted for Seaton 11/ V11n11tion-1957-J959• 100 lndu Adju 1led for Sea11on11J Vuiation-1951-1959 • 100 3'0 350 300 300 250 250 200 200 1>0 l>O 100 100 50 50 1955 1956 1957 1958 1959 1960 1961 1962 1963 1964 1965 1966 1967 1961 HO IOO 250 200 150 100 50 NOTE: Sh&ded ar ea• ind1cate period• o( decline of total bu•ineu 11ctlvity in the Unit•d Stai.:1. SOURCE: Tex.a• Employment Commiulon. Data adju1ted for H Honal wariation by the B'-ll'••• of Bu1ine•• Re •ear ch. INSURED UNEMPLOYMENT, TEXAS /ndu Adi•uted for Seuon•J Vari•tion-1951-1959•100 350 300 250 200 150 100 50 NOTE: Shaded areae indicate penod• of decline or tot.al buelne11 activity in the United Stat••· SOURCE: Teu.e Employment Commi11ion. Data adjueted for ..a1onal variation by the Bureau of 8u1ine1e Reeear ch. uo 300 250 200 150 100 50 NONAGRICULTURAL EMPLOYMENT SELECTED LABOR-MARKET AREAS Jul Jun Jul Labor-market area 1968 1968 1967 Abilene .. ......... ... 37,465 37,160 37,790 Amarillo ··· ··· ··· ··· ·· 60,270 60,225 60,485 Austin ·· ·············· 112,865 116,410 104,365 Beaumont-Port Arthur'­ Orange .. . . . . . . .. . . . 114,100 114,200 113,900 Brownsville-Harlingen- San Benito . . . . . . . .. . 38,270 38,220 38,070 Corpus Christi ........ 87,900 87,080 86,480 Dallas . . . ... . . . . .. ... . 646,680 647,790 612,770 EI Paso ····· ···· ··· ··· 109,245 108,420 107,685 Fort Worth ··· ··· ·· ··· 281,600 280,300 268,400 Galveston-Texas City .. 57,685 57,640 55,860 Houston ... ..... . . .. . . 765,190 760,690 734,210 Laredo ........... .. ... 23,700 24,175 22,000 Longview-Kilgore- Gladewater .......... 34,365 33,950 33,055 Lubbock ...... ...... .. 62,535 63,105 61,985 McAllen ......... ... .. 40,530 43,120 41, 780 Midland-Odessa 62,015 61,565 60,220 San Angelo .... ....... 23,415 23,470 22,755 San Antonio ·········· 274,490 273,520 262,540 Texarkana . ... . . . . . . .. 43,640 43,040 40,545 Tyler .. . . . .. . ... . . . . . . 36,185 35,945 35,030 Waco .............. ... 57,735 57, 720 54,675 Wichita Falls ...... ... 50,280 50,135 50,200 Total, labor-market areas .... . .......3,020,160 3,017,880 2,904,800 Total, Texas ........4,026,900 4,020,100 3,875,100 Source: Texas Employment Commission. Anticipated Sep 1968 37,690 60,930 112,835 113,800 39,790 89,030 656,000 109,995 284,200 57,915 769,600 23,900 34,735 63,390 39,880 62,795 23,280 275,390 44,060 36,085 59,275 50,395 3,044,970 4,042,000 the record at the Bureau of Business Research indicated that a remarkable 9-percent gain in general merchandise sales from June to July could be anticipated this year if the recent trend continued to develop. Actually, the increase was only 2 percent. Whether this disappointing outcome represents a reversal of the seasonal trend or whether it is due to special influences it is impossible to see at close range. Wholesale and consumer prices are still scaling upward, and there is growing doubt of the efficacy of the income­tax surcharge in stabilizing prices. The argument was set forth in support of the tax bill that if some excess spend­ing power was drained out of the economy, there would be less competition for goods and services and therefore less tendency toward price increases. It is generally agreed, however, that the inflationary trend is due not merely to rising disposable income but probably even more to the cost increases prompted by higher labor rates. Whichever factor is stronger, a moderate income surtax may not be the remedy for inflation. Americans have stepped up their saving about as rapidly as their spending. For this reason it will be easy enough for many families to save a little less and spend as much as they have been spending-even more, if they happen to be beneficiaries of some of the recent wage gains. Further, consumer credit has been expanding even more rapidly than consumer purchasing. Whatever the course of 1968's uncertain prosperity, Tex­ans can at least be confident that their increasingly di­versified economy is less vulnerable to broad fluctuations than it once was. TEXAS BUSINESS REVIEW RECOMMENDATIONS FOR DEVELOPING THE EXPORT POTENTIAL OF TEXAS Gordon Arnold and Curtis Reierson* An attempt to measure the potential of Texas manu­facturers in foreign trade has been recently made. The data on which the study was based were analyzed and reported in a preceding article published earlier in this journal.' The potential revealed by that study should be developed by use of the techniques available to Texas manu­facturers, which will be presented in this second discussion of the problem. Such a development of export potential among Texas manufacturers can be viewed in two phases -short-term potential and long-term potential. Factual Basis for the Study On September 1, 1965, the Texas Industrial Commission opened the Office of Export Expansion. This move was the result of efforts by several interest groups through­out Texas to create a state agency whose sole purpose would be to expand exporting.' The first project undertaken by the Office of Export Expansion was intended both to inform Texas manufac­turers of the agency's existence and purpose, and to measure manufacturers' interest in exporting. A major phase of this effort included sending a brochure-question­naire to all manufacturers listed in the Directory of Texas Manufacturers: 1965. The questionnaire contained three questions: 1. Are you presently exporting? 2. If so, is there any way this office can help increase your foreign sales? 3. If not, are you interested in learning more about exporting your products? Data on the 596 responding manufacturers who showed an interest in exporting are presented in this article. All of these manufacturers answered affirmatively to at least one of the last two questions in the questionnaire. An outline of the interested manufacturers' characteris­ tics was compiled from the Directory of Texas Manufac­ turers: 1966. Texas manufacturers who expressed an in­ terest in exporting represent 5.5 percent of total manu­ facturers. Exporters comprised 38 percent of the replies; nonexporters, 62 percent. More than 23 percent of all ex­ porters were interested in expanding their current for­ eign sales. Only 3.7 percent of total nonexporters, how­ ever, indicated an interest in becoming exporters. Short-Term Development Procedures To Cultivate Present Interest The most immediate need in developing Texas' export potential seems to be cultivation of the already-existent *Mr. Arnold is a graduate student in the Hankamer School of Business at Baylor University; Professor Reierson is chairman of the Department of Marketing in the Hankamer School of Business. 'Gordon Arnold and Curtis Reierson, "The Texas Potential for Ex­panding Exports of Manufactured Products," Te:x;as Business Review, XLII, No. 8 (August 1968), pp. 220-222. The data on which the study was based were gathered by the Bureau of Business Research at The University of Texas at Austin during thP. summer of 1965. 'Interview with James Swann, assistant director of the Texas In­dustrial Commission, in charge of the Office of Export Expansion, at the offices of the Texas Industrial Commission in Austin, Texas, November 11, 1966. interest in exporting. At least 596 Texas manufacturers desire to know more about selling their products abroad. Two factors favor a program to develop this potential. One of these factors is the location of 70 percent of the interested manufacturers in standard metropolitan statis­tical areas. One third of these manufacturers are in the Dallas and Houston Areas. This concentration in small geographic areas is conducive to development activities. Many interested manufacturers can be visited personally by representatives of the Texas Industrial Commission, U.S. Department of Commerce, or local and regional cham­bers of commerce. Current and projected export marketing can be discussed and planned. Trade missions and export seminars can be easily scheduled to include those areas with the largest number of interested manufacturers. Manufac­turers interested in exporting are located in 122 Texas counties. These , counties, with the number of interested manufacturers in the county, are outlined in the accom­panying map. A second contributing development factor is the classi­fication of almost one half of the interested manufacturers in one of four industry groups with unusual potential for foreign trade-nonelectrical machinery, fabricated-metal products, chemicals and allied products, and food and kindred products (Table). Special export opportunities for these industries can be thoroughly explored through the research facilities of the U.S. Department of Com­merce and by contacts in foreign countries. Names of for­eign local representatives who specialize in handling these products can be forwarded to the manufacturers. Addition­al information about special procedures in exporting these products can be secured from steamship lines, airlines, insurance agencies, crating companies, international law­yers, and international advertising agencies. Information about exporting products in each major in­dustry can be prepared and sent to interested manufactur­ers in each industry. A schedule of trade missions, foreign­trade shows, and local export seminars could be included in a monthly export news letter. These letters could highlight articles in export publications and periodicals that would be of particular interest to Texas exporters. Personal visits by export specialists also are possible if the manu­facturers' locations are not too remote. Procedures To Improve Export Process A second short-term plan for developing export poten­tial involves an educational program for manufacturers. This program would include several aspects of interna­tional marketing. Its planners should structure the for­mat so that it would be helpful to both exporters and po­tential exporters. The Texas Industrial Commission, Office of Export Ex­pansion, has undertaken a state-wide educational program based upon a series of one-day seminars. Format for these seminars involves brief covering of the essentials of ex­porting such as documentations, financing, insurance, shipping, and crating. These seminars are well attended. Houston and Dallas Chambers of Commerce have also sponsored one-day seminars, which in like manner briefly covered the essential areas of exporting. While the one-day seminars have no doubt been helpful to exporters and potential exporters, the situation re­quires more comprehensive study. One day is not enough time ~r full exploration of international marketing. In addition to information on the mechanics of exporting, a manufacturer needs to know how to research his best foreign-market opportunities and how to plan an entire marketing program to reach these markets. One-week export seminars held at colleges across the r-------h==l'm---+--b~ LEG END: ~ 10 to 24 CJo ~ to 4 ~ 25 to 49 llJ!l:!:i:/!:i:i:::JI 5 to 9 - 50 and over state could supplement and expand what has been par­tially covered in the one-day seminars. These could be conducted by the Texas Industrial Commission with help from colleges, the U.S. Department of Commerce, cham­bers of commerce, steamship lines, airlines, banks, freight forwarders, crating companies, insurance agencies, adver­tising agencies, and combination export managers. Well­planned night sessions throughout the week could high­light one or two areas at each meeting. The one-week seminars would provide the manufactur­ers a relatively good exposure to international marketing and its adaptations to their individual needs. A rnanu- NUMBER OF TEXAS MANUFACTURERS TEXAS MANUFACTURERS INTERESTED IN EXPORTING BY MAJOR-INDUSTRY CLASSES Percent of Percent of Percent of Percent of interested interested interested interested nonexporters exporters class mfrs. class mfrs. Major-Industry to class to class to all to all in-class nonexporters exporters class mfrs. terested mfrs. Natural-gas products. . . . . . 0.7 0.7 0.3 Fo:>d and kindred products 2.9 26.8 3.7 8.6 Textile-mill products ... . . . 1.4 33.3 5.0 0.5 Apparel and related products ... ..... . . . .....5.8 28.1 6.9 5.8 Lumber and wood products 4.5 37.5 5.9 4.5 Furniture and fixtures ....3.2 54.5 4.1 3.7 Paper and allied products 3.4 21.4 4.8 1.2 Printing and publishing . . 1. 7 22.6 2.1 4.4 Chemicals and a llied products ................ 2.8 16.9 8.9 9.7 Petroleum and coal products 5.0 25.0 9.8 1.7 Rubber and plastics products . ... . ... .. ......6.8 26.5 10.1 4.0 Leather and leather products ................ 4.4 3.2 0.5 Stone, shell, clay, and glass products .. .... 2.5 28.6 3.5 4.3 Primary-metal industries .. 5. 7 25.0 8.7 2.7 Fabricated-metal products ..4.2 26.8 6.7 13.3 Machinery except electrical 5.6 24.3 10.0 17.1 Electrical machinery .... . . 8.5 26.5 12.2 5.3 Transportation equipment 6.8 23.5 9.6 5.2 Instruments and related products .... ............ 2.7 19.5 9.4 2.9 Miscellaneous manufacturing (including tobacco products and ordnance and accessories) .. . 3.9 23.7 5.1 4.3 Total 100.0 Source : Computed from the Bureau of Business Research, The Uni­ versity of Texas. Directory of Texas Manufacturers: 1966; and Texas Industrial Commission, Office of Export Expansion, Interest in Exporting Questionnaire, 1965. facturer would have at least one day for analysis of his own peculiar needs in each area. A follow-up session could be scheduled to assist the manufacturer in tailoring his international marketing program. Mass Export Promotion Mass advertising can be quite beneficial in export de­velopment. Radio and television provide an excellent means for reaching potential exporters and for education of the general public on the advantages of exporting. Both media are required by the Federal Communications Com­mission to broadcast public-service announcements for nonprofit organizations. A brief export film could be made and distributed to area television stations. Short radio messages could also be produced and sent to radio stations across the state. Most large city newspapers have a business section or page which features various business developments. These papers should be provided with interesting export statis­tics and case studies as the basis for special feature stories or business columns. Displays showing the important role of exporting to the nation, state, and individual firm should be exhibited at fairs, industry shows, and conventions. These activi­ties usually attract many manufacturers. The display could b2 constructed as a permanent fixture so it could be reused many times. Mass promotions are needed to keep the idea of export­ing constantly before the manufacturer. They are also beneficial in dispelling misconceptions about exporting. The costs of the promotional projects previously outlined appear to be quite nominal, considering the number of people who would be reached. Long-Term Development Expansion of State Export Offices Since its conception in September 1965 the Office of Export Expansion of the Texas Industrial Commission has provided a variety of export services to Texas manu­facturers. This is the only agency in the state that is currently offering individual assistance to all manufac­turers who want to begin or to expand export operations. The U.S. Department of Commerce is also available for help to exporters. But the Office of Export Expansion appears to be more flexible in solving small, everyday export problems. Currently the Office of Export Expansion has one office in Austin. One man handles almost all of the export ac­tivities. The initial enthusiasm with which Texas manu­facturers accepted this state agency warrants expansion of both the number of offices and the staff. Over 40 percent of all Texas manufacturers and over 57 percent of all exporters are located in the Houston, Dallas, and Forth Worth Standard Metropolitan Statis­tical Areas. Two additional Export Expansion offices, one in Houston and one in Fort Worth or Dallas, could sub­stantially increase the amount of individual assistance currently being offered. At least two new employees would be needed to staff these new offices. Only men with extensive export experience should be selected. Establishment of Fore1:gn Export Offices Within the next fifteen years it may be possible to establish two or three state offices in key trade centers abroad. These foreign offices would act as a liaison be­tween Texas exporters and foreign buyers. Employees of these offices would keep extensive files on potential foreign buyers. They would also have catalogs and other promotional materials from cooperating Texas manufac­turers. Whenever a request was received from either a foreign buyer or a Texas seller, immediate information would be available for guidance in the decision making. Additional duties of the state foreign export offices would involve planning promotions of Texas products in several foreign countries. They also could help coordinate state trade missions. Suggested Future Studies Several possible studies would provide much needed information. The procedures currently being used by Texas export­ers should be carefully examined. Regional and local studies on the effects of exports might also prove beneficial. They could provide the basis for local efforts to improve conditions for exporting. For example, if an area showed a sufficient level of exporting and export interest the local banks might be able to open an international department. Studies in total state potential could be used to pinpoint export potential and provide the basis for a plan for ex­port development. This development can make a signif­icant contribution to the state's economy. BU ILDING REVIEW, JULY Dennis W. Cooper The bustling Texas construction scene was highlighted in July by activity in residential construction, which in spite of near-record interest rates continued to provide basic momentum for the industry. The total value of construction authorized in Texas in July rose to more than $185 million. This represents a 9-percent increase over the June total and pushed the January-through-July total for 1968 11 percent higher than the comparable figure for 1967. Both residential and non­residential construction shared in the July upswing by registering 5-percent and 18-percent increases from June respectively. Total unadjusted residential construction now shows a 33-percent increase for the first seven months of 1968 over the same period in 1967, while total unadjusted nonresidential construction is down 8 percent in the same comparison. Almost $160 million of the $185 million of total authorizations occurred in the state's twenty-three standard metropolitan statistical areas, producing a 12-percent in­crease over the June total for these areas, while total non­metropolitan authorized construction fell 6 percent from June. When the data are adjusted for seasonal variation the July total for authorized construction shows a 16-percent increase over June 1968 and an 8-percent gain over July 1967. The monthly average of seasonally adjusted total con­struction for 1968 is up 11 percent over the comparable figure for 1967. An examination of specific categories in both the resi­dential and the nonresidential construction sectors demon­strates the diversity in building concentration that shapes the total construction picture. In the residential sphere the unadjusted figures for one-family dwellings reflect only a 6-percent increase for the January-through-July 1968 pe­riod over the same period in 1967, while the multiple-family category evidences an amazing 111-percent rise in the same comparison. In the nonresidential sector the unadjusted data reveal that year-to-year increases in hotels, motels, and tourist courts (85 percent), works and utilities (34 percent) , and stores and mercantile buildings (12 percent) help compensate for year-to-year decreases in industrial buildings (-28 percent) , educational buildings (-29 per­cent) , and service stations and repair garages (-17 per- TOTAL BUILDING AUTHORIZED IN TEXAS uo 350 300 300 750 250 200 200 150 150 100 100 50 NOTE; Shaded aru.1 indicate period• o! decline of total bullnel l activity in the United SU.tel. cent), to produce an overall nonresidential construction year-to-year decline of only 8 percent from the record pace of 1967. Authorizations for residential construction in July after adjustment for seasonal variation increased 54 percent from July 1967 and 12 percent from June 1968. The month­ly average of seasonally adjusted residential authorizations for 1968 shows a 34-percent rise over the comparable figure for 1967. The main source of residential construction growth is found in the categories of two-family and apart­ment-house dwelling units. While one-family units have produced relatively small unadjusted increases for the first seven months of 1968 over the same period of 1967, both two-family and apartment-house dwelling units reflect phe­nomenal increases of 25 and 126 percent respectively. The twenty-three Texas standard metropolitan statistical areas continued to dominate the statewide residential con- ESTIMATED VALUES OF BUILDING AUTHORIZED IN TEXAS Percent change J ul 1968 J an-J ul 1968 J u l 1968 from Jan-Jul 1968 from Classification (thousands of dollars) J un 1968 Jan-Jul 1967 ALL PERMITS .. ....185,114 1,214,442 9 11 New construction . ..163,176 1,082,455 10 12 Residential (house­ keeping ) 95,500 628,622 33 One-family dwellings 55,323 372,374 20 Multiple-family dwellings 40,177 256,248 11 111 Nonresidential buildings 67,676 453,833 18 8 Hotels, m otels, and t.ourist courts 1,875 28,446 54 85 Amusement buildings 1,080 8,909 151 Churches 2,556 22,890 13 Indust rial buildings 11,019 61,666 20 28 Garages (commer­ cial and private) 500 10,991 8 189 Service stations 1,145 9,299 26 17 H ospitals and institutions 18,157 46,700 1,161 Office-bank buildings 2,693 44,503 40 W orks and utilities 3,842 34,587 56 34 Educational buildings 10,997 98,053 13 29 Stores and mercan­ tile buildings 12,909 76,585 13 12 Other buildings and structures 903 11,204 64 36 Additions, alterations, and repairs ..... 21,938 131,987 . METROPOLITAN # t vs. NONMETROPOLITAN #t Tota l metropolitan ..159,774 1,063,941 12 10 Central cit ies . . ...117,133 781,074 13 8 Outside central cities 42,641 282,867 8 17 Total nonmetropolitan 25,340 150,501 6 19 10,000 to 50,000 population 15,845 96,520 22 28 Less t han 10,000 population 9,495 53,981 43 4 t As defined in 1960 Census and revised in 1968. •• Change is less than one half of 1 percent. # Standard metropolitan statistical area. Source : Bureau of Business Research in cooperation with the Bureau of the Census, U.S. Department of Commerce. struction scene in July, accounting for 88 percent of the for the Houston SMSA to 60 percent for the San Antonio state's dollar total for one-family dwelling units authorized, SMSA. 88 percent of the dollar total for duplexes authorized, and 94 percent of the dollar total for apartment dwelling units authorized. These July figures correspond closely to the seven-month totals for 1968, which show that the total metropolitan areas accounted for 87 percent of the state's total dollar value for one-family dwelling units, 89 percent of the state's total dollar value for duplexes, and 95 per­cent of the corresponding figure for apartment-house units. The largest percentage increases in total dollar value of construction authorized for one-family dwelling units among the SMSA's occurred in the Brownsville-Harlingen­San Benito and the McAllen-Pharr-Edinburg areas. Their respective year-to-year increases of 108 percent and 98 percent reflect the tremendous efforts being made to re­cover from the disastrous effects of Hurricane Beulah and the accompanying torrential rains which occurred in Sep­tember 1967. The state's six leading SMSA's as measured by the dol­lar value of total construction authorized for the first seven months of 1968 all demonstrate striking similarities in their construction patterns, as evidenced by Table 2. With the exception of the Austin SMSA they have all experienced rises in total construction authorized for the January­through-July period of 1968 over the same period in 1967. All six SMSA's show year-to-year percent decreases in the category of total nonresidential construction authorized, varying from a negligible -2 percent for the San Antonio SMSA to -47 percent for the Austin SMSA. Residential construction, on the other hand, rose in each of the six SMSA's on a year-to-year basis, ranging from 10 percent RESIDENTIAL BUILDING AUTHORIZED IN TEXAS• lndu Adjusted for Se..onel Verieti'on-1151· 1'51 • 100 HO 300 250 1955 19$6 1957 1951 1959 1960 1961 1962 1963 1964 1965 1966 1967 1961 • Ezclad•• additioa1. alteratio1u, and repairs. NOTE: Shaded area• ind.ic&t1 pel'ioch of decline of tot.al bu1iru:H activity in the United St.ate•. A total of ten apartment-building projects each with a value of $1 million or more were authorized in Texas in July. Dallas led the list with four such projects, including that with the highest value of any in the state, $2,327,000. Corpus Christi and Grand Prairie each reported two such projects, while one each was registered in Pasadena and North Richland Hills. Lubbock reported the state's only educational construc­tion project valued at over $1 million, a new law building for Texas Technological College. Industrial building proj­ects of over $1 million were in a closely grouped area, with one each authorized in Dallas, Fort Worth, and Grand Prairie. The state's largest single construction project authorized in July was recorded in Texarkana, a new hospital valued at over $7.6 million. Other single hospital authorizations amounting to more than $1 million were list­ed in Lubbock, Jacksonville, and Fort Worth. At the national level on the basis of the seasonally ad­justed annual rate private housing starts in July were up 14 percent over the June figure and 12 percent over the July 1967 figure. Such adjusted data, however, do not reflect the difference between twenty-two working days in July 1968 and only twenty in June and twenty-one in July 1967. Con­struction authorizations in July slipped 4 percent from the June total but were 8 percent higher than in July 1967. The Outlook Continued construction expansion both in Texas and at the national level is heavily dependent upon the still­incomplete reaction to the recently imposed 10-percent federal surtax. At the present time such reaction appears favorable in its effect on national and statewide construc­tion. Interest rates on tax-exempt government bonds have fallen as much as one half of 1 percent on some such issues in the long-term sector of the credit market. Already re­corded decreases on some non-tax-exempt offerings are hopefully a harbinger of a general easing of long-term rates. The Federal Reserve Board's reduction in the dis­count rate it charges member banks, from 5.50 percent to 5.25 percent, is indicative of the hoped-for movement toward an easing of credit for construction with respect to both availability and cost. Developments such as these, hopefully combined with an abatement of inflationary pressures and less worrisome Vietnam and U.S. political situations, pro­vide an optimistic atmosphere for the burgeoning Texas construction i!1dustry. Table 1. NONFARM BUILDING AUTHORIZED IN SIX SELECTED METROPOLITAN AREAS t JANUARY-JULY 1968 Total• New nonresidential New residential Percent change Percent change Percent change Jan-Jul 1968 Jan-Jul 1968 J an-J ul 1968 J an-Jul 1968 J an-Jul 1968 J an-J ul 1968 Standard metrop01itan Value from Value from Value from statistical area in dollars Jan-Jul 1967 in dollars Jan-Jul 1967 in dollars Jan-Jul 1967 Austin ... ... .... ..... ..... ... .. ... ..... 71 ,513,635 - 8 20,284,540 - 47 47,175,000 31 Dallas ···· ·· ··· ·· ········· ······· ··· ···· 268,587,826 15 77.538,662 - 24 165,159,117 51 El Paso ... .. .. ......... ... ............. 40,810,983 18 11,636,463 - 10 25,106,900 41 Fort Worth ... ..... ... ....... .. ..... .. .. 112,867,616 8 30,828,033 - 31 72,083,951 43 Houston ········ ······ ·· ····· ······· ···· 275,508,576 117, 766,337 - 5 111,418,522 10 San Antonio ·· ·· ·· ········· ······ ·· ··· ··. 83,564,798 25 32,922,755 - 2 42,446,506 60 !Metropolitan areas are listed in accordance with 1968 Bureau of the Census definition. This table includes only the cities reporting in metro­politan areas. • Includes additions, alterations. and repairs. L0CAL BUSINESS CONDl+IONS ALPHABETICAL LISTING OF CITIES INCLUDED IN SEPTEMBER 1968 ISSUE OF TEXAS BUSINESS REVIEW Statistical data compiled by: Mildred Anderson, Constance Dismuke and Mary Gorham, statistical technicians. Indicators of business conditions in Texas cities pub­lished in this table include statistics on banking, building permits, employment, postal receipts, and retail trade. An individual city is listed when a minimum of three indicators are available. The cities have been grouped according to standard metropolitan statistical areas. In Texas all twenty-three SMSA's are defined by county lines; the counties included are listed under each SMSA. The populations shown for the SMSA's are estimates for April 1, 1967, prepared by the Population Research Center, Department of Sociology, The University of Texas at Austin. The population shown after the city name is the 1960 Census figure, unless otherwise indicated. Cities in SMSA's are listed alpha­betically under their appropriate SMSA's; all other cities are listed alphabetically as main entries. Retail-sales data are reported here only when a mm1­mum total of fifteen stores report; separate categories of retail stores are listed only when a minimum of five stores report in those categories. The first column presents current data for the various categories. Percentages shown for retail sales are average statewide percent changes from the preceding month. This is the normal seasonal change in sales by that kind of business-except in the cases of Dallas, Fort Worth, Houston, and San Antonio, where the dagger (t) is replaced by another symbol (tt) because the normal seasonal changes given are for each of these cities individually. The second column shows the percent change from the preceding month in data reported for the current month; the third column shows the percent change in data from the same month a year ago. A large variation between the Cooledge, and Glenda Riley, statistical assistants, and Doris normal seasonal change and the reported change indi . cates an abnormal sales month. Symbols used in this table include: (a) Population Research Center data, April 1, 1967. (b) Separate employment data for the Midland and Odessa SMSA's are not available, since employment figures for Midland and Ector Counties, composing one labor­market area, are recorded in combined form. (c) Separate employment data for Gladewater, Kilgore, and Longview are not available, since employment figures for Gregg County, composing one labor-market area, are recorded in total. ( t) Average statewide percent change from preceding month. (tt) Average individual-city percent change from pre­ ceding month. (r) Estimates officially recogniz ed by Texas Highway Department. (rr) Estimate for Pleasanton: combination of 1960 Census figures for Pleasanton and North Pleasanton. ( *) Cash received during the four-week postal account­ing period ended July 26, 1968. <:n Money on deposit in individual demand deposit accounts on the last day of the month. (§) Data for Texarkana, Texas, only. ( * *) Change is less than one half of 1 percent. ( 11) Annual rate basis, seasonally adjusted. (#) Monthly averages. (X) Sherman-Denison SMSA: a new standard metro­politan statistical area, for which not all categories of data are now available. Abilene (Abilene SMSA) Alamo (McAllen-Pharr-Edinburg SMSA) Albany Alpine Amarillo (Amarillo SMSA) Andrews Angleton Aransas Pass (Corpus Christi SMSA) Arlington (Fort Worth SMSA) Athens Austin (Austin SMSA) Bay City Baytown (Houston SMSA) B·eaumont (Beaumont-Port Arthur-Orange SMSA) Bl!eville Bellaire (Houston SMSA) Bellville Belton Big Spring Bishop (Corpus Christi SMSA) Bonham Borger Brady Brenham Brownfield Brownsville (Brownsville-Harlingen­ San Benito SMSA) Brownwood Bryan Burkburnett (Wichita Falls SMSA) Caldwell Cameron Canyon (Amarillo SMSA) Carrollton (Dallas SMSA) Castroville Cisco Cleburne (Fort Worth SMSA) Clute (Houston SMSA) College Station Colorado City Conroe (Houston SMSA) Copperas Cove Corpus Christi (Corpus Christi SMSA) Corsicana Crane Crystal City Dallas (Dallas SMSA) Dayton (Houston SMSA) Decatur Deer Park (Houston SMSA) Del Rio Denison (Sherman-Denison SMSA) Denton (Dallas SMSA) Dickinson (Galveston-Texas City SMSA) Dimmitt Donna (McAllen-Pharr-Edinburg SMSA) Eagle Lake Eagle Pass Edinburg (McAllen-Pharr-Edinburr SMSA) Edna El Paso (El Paso SMSA) Elsa (McAllen-Pharr-Edinburg SMSA) Ennis (Dallas SMSA) Euless (Fort Worth SMSA) Farmers Branch (Dallas SMSA) Fort Stockton Fort Worth (Fort Worth SMSA) Fredericksburg Freeport (Houston SMSA) Friona Galveston (Galveston-Texas City SMSA) Garland (Dallas SMSA) Gatesville Georgetown Giddings Gladewater Goldthwaite Graham Granbury Grand Prairie (Dallas SMSA) ALPHABETICAL LISTING OF CITIES INCLUDED IN SEPTEMBER 1968 ISSUE OF TEXAS BUSINESS REVIEW (Continued) Grapevine (Fort Worth SMSA) Greenville Groves (Beaumont-Port Arthur- Orange SMSA) Hallettsville Hallsville Harlingen (Brownsville-Harlingen- San Benito SMSA) Haskell Henderson Hereford Houston (Houston SMSA) Humble (Houston SMSA) Huntsville Iowa Park (Wichita Falls SMSA) Irving (Dallas SMSA) Jacksonville Jasper Junction Justin (Dallas SMSA) Karnes City Katy (Houston SMSA) Kilgore Killeen Kingsland Kingsville Kirbyville La Feria (Brownsville-Harlingen­ San Benito SMSA) La Marque (Galveston-Texas City S ISA) Lamesa Lampasas Lancaster (Dallas SMSA) La Porte (Houston SMSA) Laredo (Laredo SMSA) Levelland Liberty (Houston SMSA) Littlefield Llano Lockhart Longview Los Fresnos (Brownsville-Harlingen­ San Benito SMSA) Lubbock (Lubbock SMSA) Lufkin McAllen (McAllen-Pharr-Edinburg SMSA) McCamey McGregor (Waco SMSA) McKinney (Dallas SMSA) Marble Falls Marshall Mercedes (McAllen-Pharr-Edinburg SMSA) Mesquite (Dallas SMSA) Midland (Midland SMSA) Midlothian (Dallas SMSA) Mineral Wells Mission (McAllen-Pharr-Edinburg SMSA) Monahans Mount Pleasant Muenster Muleshoe Nacogdoches Nederland (Beaumont-Port Arthur­Orange SMSA) North Richland Hills (Fort Worth SMSA) Odessa (Odessa SMSA) Olney Orange (Beaumont-Port Arthur Orange SMSA) Palestine Pampa Paris Pasadena (Houston SMSA) Pecos Pharr (McAllen-Pharr-Edinburg SMSA) Pilot Point (Dallas SMSA) Plainview Pleasanton Port Aransas Port Arthur (Beaumont-Port Arthur­Orange SMSA) Port Isabel (Brownsville-Harlingen­San Benito SMSA) Port Neches (Beaumont-Port Arthur­ Orange SMSA) Quanah Raymondville Refugio Richardson (Dallas S.MSA) Richmond (Houston SMSA) Robstown (Corpus Christi SMSA) Rockdale Rosenberg (Houston S:\ISA) San Angelo (San Angelo S:\1SA) San Antonio (San Antonio S:\ISA) San Benito (Brownsville-Harlingen- San Benito S::\1SA) San Juan OlcAllen-Pharr-Edinburg S:\1SA) San :\1arcos San Saba Schertz (San Antonio S:\1SA) Seagoville (Dallas S::\1SA) Seguin (San Antonio SMSA) Sherman (Sherman-Denison Si\ISA) Silsbee Sinton (Corpus Christi S:\1SA) Slaton (Lubbock S::\ISA) Smithville Snyder Sonora South Houston (Houston S:\ISA) Stephenville Stratford Sulphur Springs Sweetwater Tahoka Taylor Temple Texarkana (Texarkana S::\ISA) Texas City (Galveston-Texas City S::\1SA) Tomball (Houston S:\1SA) Tyler (Tyler S:\'ISA) "rnlde Vernon Victoria Waco (Waco S::\1SA) "axahachie (Dallas S:\ISA) Weatherford Weslaco OlcAllen-Pharr-Edinburg S!\ISA) White Settlement (Fort Worth S:\1SA) Wichita Falls (Wichita Falls SMSA) ALPHABETICAL LISTING OF SMSA's AND CITIES WITHIN EACH SMSA, WITH DATA P ercent change Percent change City and item J ul 1968 J ul 196 from J un 196 J ul 196 from J u l 1967 City and item Jul 196 Jul 196 from J un 196 J ul 1968 from J ul 1967 Retail sales ABILENE SMSA (Jones and Taylor; pop. 118, 429 ") 3 9 ABILE -E (pop. 110,049 ' ) Retail sa1es .... .. .... . ....... . ..... 1t 3 9 Apparel stores ... . ... . .• . . ... ... . -11 2 Apparel stores . ..... ...... ....... 2t -11 - 2 A utomot ive stores 2 9 Automotive stores ......... ....... 7• Drugstores . . . . .. . . .. . .. . . ... • ... 11 Drugstores . ....... ......... ..... 2· 2 11 Genera l-mercha ndise stores ... . . . . . 2 Genera]-merchandise stores . .. ..... 9t 2 Lumber, building-material, a nd ha rdware dealers ....... . . . Building permits, less federa l contracts $ 611,245 27 12 6 112 Lum ber, building-material, and hardware dealers ·· ········ It 27 6 Bank debits (thousands) II ....... . $ 1,805,184 2 Postal receipts• ····· ·· ············· s 140, 04 -22 19 End-of-month deposits (thousands)t .. $ 93,478 Building permits, less federal con racts s 576, 745 - li 101 Annual rate of deposit t urnover . . . . Nonfa rm em p loyment (area) Manufacturing employment (area). Percen t unem ployed (area) . . . . . . . . . 19.5 37,500 4,200 3.1 - 2 *• 21 1 1 2 -14 Bank debits (thousands) ·· · ··· · ·· ··· End-of-month deposits (t hou ands)t .. Annual rate of deposit turnover . . ... $ $ 134, 0 70,315 23.3 14 13 4 2 For an explanation of sym bols see p . 266. SEPTEMBER, 1968 267 Percent change Percent change Local Business ConditionsLocal Business Conditions Jull968 Jul l968 Jul1968 Jul 1968 Jul from from from J ul from City and item 1968 J un 1968 Jul 1967 City a nd item 1968 Jun 1968 Jul 1967 BEAUMONT-PORT ARTHUR-ORANGE SMSA (Jefferson and Orange; pop. 325",527 •) AMARILLO SMSA (Potter and Randall; pop. 167,323 •) Retail sales 13 28 Retail sales 16 Apparel stores .. .. ..... . . . . •. .... 19 11 Automotive stores ...... . . .... ... . 4 17 Automotive stores . . ... . . .. .... . . . 18 40 Drugstores ...... . ........ . . . .... . 3 3 Furniture and household-Building permits, less federal contracts $ 2,733,321 128 152 appliance stores ........ . . ..... . 22 Bank debits (thousands ) II ...... .. $ 5,128,956 3 11 21 Gasoline and ser vice stations . .. . 15 End-of-month deposits (thousands) t .. $ 146,439 3 7 Lumber, building-material, Annual rate of deposit turnover . . . . 35.5 a nd hardware dealers . . .. . . . .. . Nonfarm employment (area ) . . . . . . . 60,300 Building permits, less federal contracts $ 2,496,553 31 Manufacturing employment (area) . 6,260 4 Bank debits (thousands) II ........ $ 5,976,024 8 Percent unemployed (area) . . . . . . . . . . 3.6 20 End-of-month deposits (thousands)t . . $ 239,480 5 An nual rate of deposit turnover . . . . 25.6 2 Nonfarm employment (area) .. ... . . 114,100 . .. Manufacturing em ployment (area). 34,600 •• AMARILLO (pop. 155,205 ') Percent unemployed (area) ........ . 5.2 24 -7 Retail sales .. . .. . ........ . ..... . 1t 16 Automot ive stores .. . .. . .. ....... . 7t 17 BEAUMONT (pop. 127,500 ') Postal receipts• .......... . .. . . . .... $ 327,405 ** 16 Building permits, less federal contracts $ 2,694,321 149 153 Retail sales . . . . . . . . . . . . . . . . . . . . . . . . 1t 17 32 Bank debits (thousands) ......... . . $ 441,107 12 15 Automotive stores . . . . . . . . . . . . . . . . 7t 26 46 End-of-month deposits (thousands)t .. $ 134,794 3 6 Postal receipts• .. . . .. ........... ... $ 188,017 30 Annual rate of deposit turnover. . . . . . 39.8 10 Building permits, less federal contracts $ 1,493,075 12 50 Bank debits (thousands) .. ......... . $ 331,962 14 10 End-of-month deposits (thousands)t .. $ 125,893 1 . Annual rate of deposit turnover.. ... 31.5 11 Canyon (pop. 6,755 ') Postal receipts• . . . . . . . . . . . . . . . $ 11,346 28 33 Groves (pop. 17,304) Building permits, less federal contracts $ 39,000 68 70 Bank debits (thousands) ........ ... . 10,543 33 51 Postal receipts• ............... ..... $ 10,782 15 End-of-month deposits (thousands)t .. 7,029 14 Building permits, less federal contracts $ 136,370 46 136 Annual rate of deposit turnover .... . 18.6 30 36 Bank debits (thousands) . . .. .. .. .... $ 12,832 12 19 End-of-month deposits (thousandsH .. $ 5,892 1 17 Annual rate of deposit turnover ..... 26.2 9 3 AUSTIN SMSA Nederland (pop. 15,274 ') (Travis; pop. 258,406 •) Bank debits (thousands) .. .... ..... $ 7,929 13 Retail sales ....................... . 20 End-of-month deposits (thousands)t .. $ 6,137 7 10 Apparel stores . ... 4 10 Annual rate of deposit turnover.. . .. 14.9 Eating and drinking places ....... . 5 10 Food stores .... ........ ......... . 8 Furniture and household- appliance stores ...... . 19 ORANGE (pop. 25,605) Building permits, less federal contracts $ 7,894,555 42 11 Postal receipts• . . . . . . . . . . . . . . . $ 36,078 . 23 Bank debits (thousands) II $ 6,271,788 7 20 Building permits, Jess federal contracts $ 93,344 47 32 End-of-month deposits (thousands)t . . $ 257,024 23 Bank debits (thousands) . . ........ . $ 42,319 17 Annual rate of deposit turnover .... 25.5 10 2 End-of-month deposits (thousands)t .. $ 26,635 3 Nonfarm employment (area) 112,900 3 7 Annual rate of deposit turnover . ... . 18.7 16 Manufacturing employment (area). 10,470 35 Nonfarm placements .. ............ . 154 17 Percent unemployed (area) 2.3 15 4 PORT ARTHUR (pop. 66,676) AUSTIN (pop. 245,295 ') Postal receipts• ................... . 80,509 10 45 Building permits, less federal contracts 674,729 179 509 Retail sales ....... .. . .... ..... .. , . 1t 20 Bank debits (thousands) ..... ....... $ 78,356 2 Apparel stores ..... ...... ..... . . . 2t 10 End-of-month deposits (thousands)t .. $ 52,349 17 18 Eating and drinking places ••t 10 Annual rate of dep0sit turnover .. ... 19.4 4 Food stores ..... . ............. . 7t 8 Furniture and household­applia nce stores 1t 19 Postal receipts• . . . . . . . $ 737 ,945 10 25 Port Neches (pop. 8,696) Building permits, less federal contracts $ 7,862,555 42 Postal receipts• ... . . . .. ............ $ 12,316 15 17 Bank debits (thousands) . . . . . 501,805 2 29 Building permits, less federal contracts $ 93,835 45 43 End-of-month deposits (thousands)t. 249,827 9 23 Bank debits (thousands) . . . ......... $ 17,820 23 70 Annual rate of deposit turnover. 25.1 11 E.:nd-of-month deposits (thousandsH .. $ 7,309 Annual rate of deposit turnover ..... . 29.1 22 62 For an explanation of symbols see p. 266. 268 TEXAS BUSINESS REVIEW Percent change Percent change Local Business Conditions Local Business Conditions Jull968 Jull968 Jul 1968 J ul 1968 J ul from from J ul from from City and item 1968 Jun 1968 Jul 1967 City and item 1968 Jun 1968 Jul 1967 BROWNSVILLE-HARLINGEN-SAN BENITO SMSA Aransas Pass (pop. 6,956) (Cameron; pop. 139,124 •) Postal receipts* . . . . . . . . . . . $ 6,454 24 10 Building permits, less federal contracts $ 46,424 8 31 Bank debits (thousands) . . . . . . . $ ,257 27 32 Retail sales Apparel stores ...... ....... ..... . 1 End-of-month deposits (thousands)t. 6,113 13 22 Automotive stores ...... ... ...... . 9 Lum ber. building-material. and An nual rate of deposit turnover . . . 17.2 18 10 hardware dealers ..... ..... ... . 9 37 Bishop (pop. 3,825 ') Building permits, less federal contracts $ 1,442,115 37 86 Postal receipts* ......... . . 4,499 27 Bank debits (thousands) II .... .... $ 1,414,380 6 Building perm its, less federal contracts $ End-of-month deposits (thousands)t . . $ 65, 702 Bank debits (thousa nds) $ 2,519 14 19 Annual rate of deposit turnover . . . . 21.0 End-of-month deposits (thousands)t . . $ 2,764 28 3 Nonfarm employment (area) . . . . . . . 38,300 ** 1 Annual rate of deposit tur nover . 12.3 12 Manufacturing employment (area). 6,640 2 Percent unemployed (area) . . . . . . . . . 5.6 21 12 CORPUS CHRISTI (pop. 204,850 ') Retail sales ... 14 BROWNSVILLE (pop. 48,040) Postal receipts• 282,596 26Postal receipts• . . . . . . . . . . . . . $ 53,976 36 Building permits, less federal contracts 5,100,233 125 173 Building permits, less federal cont racts $ 1,216,700 436 117 Bank debits (thousands) ...... ... . . $ 324,512 4 10 Bank debits (thousands) . . ..... . . ... $ 48,976 27 10 End-of-month deposits (thousandsH . $ 147,828 2End-of-month deposits (thousa nds)t . . $ 26,605 7 5 Annual rate of deposit turnover . 26.6 12 Annual rate of deposit tu rnover.. . . . 22.8 25 3 Nonfarm placements 1,029 21 94 Port Aransas (pop. 824) Ba nk debits (thousands) .... .... $ 1,251 19 12 HARLINGEN (pop. 41,207) End-of-month deposits (thousancls)t . . $ 1,050 13 12 Postal receipts• ... . . . . ...... . . . . . . . 46,334 18 Annual rate of deposit turnover .... 15.2 9 Building permits, less federal contracts $ 154,160 78 25 Bank debits (thousands) .... ...... . $ 53,566 g •• Robstown (pop. 10,266) End-of-month deposits (thousa nds)t . . 26,598 2 14 Building permits, Jess federal cont racts $ 22,922 Annual ra te of deposit turnover . 24.5 8 Bank debits (thousands) . . $ 16,016 56 21 Nonfa rm placements ......... . . 483 End-of-month deposits (thousa nds)t .. $ 11,778 30 2 Annual rate of deposit tu rnover. 18.5 37 11 La Feria (pop. 3,047) Pos ta! receipts* . . . . . . . . . . . . . . . . $ 2,515 23 3 Sinton (pop. 6,008) Building permits, less federal contracts $ 8,600 72 912 Postal receipts* ... . . 9,825 -14 11 Bank debits (thousands) $ 2,094 13 Building permits, less federal contracts $ 14,400 190 82 End-of-month deposits (thousands) t .. $ 1,693 15 Ba nk debits (thousands) . 7,593 43 20 Annual rate of deposit turnover. 14.7 7 9 End-of-month deposits (thousancls) t. $ 8,426 54 45 Annual rate of deposit turnover. 13.1 7 37 Los Fresnos (pop. 1,289) Postal receipts• $ 2,109 79 Bank debits (thousands) $ 1,944 16 10 DALLAS SMSA End-of-month deposits (thousandsH .. $ 1,650 9 (Collin, Dallas, Denton, Ellis, Kaufman, and Annual rate of deposit turnover ..... 14. 7 11 17 Rockwall; pop. 1,424,415 •) Retail sales Port Isabel (pop. 3,575) Apparel stores 11 Postal receipts* $ 4,993 10 46 Automotive stores 20 Building perm its, less federal contracts $ 18,400 82 66 Drugstores .. 7 Ba nk debits (thousands) $ 4,712 96 40 Eating and drinking places .. .. . End-of-month deposits (thousands)t . $ 4,012 96 105 Flor ists .......... ........ .. . 19 Annual rate of deposit turnover. 18.6 33 -14 Food stores 10 Furniture and household-SAN BENITO (pop. 16,422) appliance stores 8 25 Postal receipts• ... ........ .... $ 8,619 -11 15 Gasoline and service stations . 13 8 Building permits, less federal contracts $ 58,655 456 191 General-merchandise stores 6 53 Bank debits (thousands) . . . . . $ 6,664 4 4 Office, store, and school End-of-month deposits (thousands) t. $ 6,618 4 supply dea lers 8 25 Annual rate of deposit turnover ... 12.3 6 2 Building permits, less federal contracts $42,294,267 45 Ba nk debits (thousands) II $91,921,116 21 CORPUS CHRISTI SMSA End-of-month deposits (thousands)t . . $ 1,963,2 7 1 9 (Nueces and San Patricio; pop. 280,174 ") Annual rate of deposit turnover ... . 46.6 2 11 Nonfarm employment (area) . . . ... . 646,700 .. 7 Retail sales -8 9 Manufacturing employment (area). 165,650 14 Automotive stores -9 14 Percent unemployed (area) .... .... . 1. 22 28 Building permits, less federal contracts $ 5,305,804 111 140 Bank debits (thousands) II $ 4,297,224 .. Carrollton (pop. 9,832 ' ) End-of-month deposits (thousands)t . . $ 192,405 Postal receipts* . . . . ... ... . . ..... . $ Annual rate of deposit turnover ... . 22.4 25, 17 14 63 87,900 2 Building permits, less federal contracts 224,000 53 23 Nonfarm employment (area) ... Manufacturing employment (a rea) . 1 4 7 10,340 Bank debits (thousands) ....... .... $ 12,331 47 End-of-month deposits (thousands) t. 6,027 Percent unemployed (area} 4.1 18 11 9 40 Annual rate of deposit tur nover ..... 25.6 34 30 ~~~~~~~~~~~~~~~~~~~~~~~~ For an explanation of symbols see P. 266. Percent change Percent change Local Business Conditions Local Business Conditions Jull968 Jull968 J ull968 Jul 1968 Jul from from Jul from from City and it.em 1968 Jun 1968 Jul l967 City a nd it.em 1968 Jun 1968 Jul 1967 DALLAS (pop. 679,684) Mesquite (pop. 27,526) Retail sa les .. ..... . .. ........... . . . 3tt 3 18 Postal receipts• .................... $ 32,014 -4 31 Apparel stores ............. ..... • 3tt 12 Building permits, less federal contracts $ 1,046,906 -50 93 Automotive stores .. . . . . . . ....•. .. 6t t 20 Bank debits (thousands) . . .. ........ $ 17,561 32 33 Eating and drinking places ....... . 1tt 4 4 End-of-month deposits (thousands)t .. $ 9,912 6 F lorists . . ................ .. . · .. . . 8tt 2 19 Annual rate of deposit turnover ..... 21.9 33 34 Furniture and household4 applia nce stores ... ............ . ltt 8 23 Gasoline and service stations .... . . 7tt 13 8 Midlothian (pop. 1,521) Lumber, building-mat.erial, and Building permits, less federal contracts $ 16,000 ­hardware stores ... ...... ..... . 11 tt •• 46 74 Bank debits (thousands) ............ $ 1,595 11 20 Postal receipts• . . . . ............. $ 3,987,759 15 End-of-month deposits (thousands) t .. I,762 10 13 Building permits, less federal contracts $25,077,879 23 71 Annual rat.e of deposit turnover . . ... 11.4 Ba nk debits (thousands) ............ $ 7,086,297 9 30 End-of-month deposits (thousands)t . . $ 1,675,940 7 Annual rate of deposit turnover... . . 50.1 20 Pilot Point (pop. 1,254) Building permits, less federal contracts $ 19,500 21 Denton (pop. 26,844) Bank debits (thousands) ... .. ... . .. $ 2,211 19 17 Postal receipts• .................... $ 67,524 40 End-of-month deposits (thousands)t .. $ 2,054 •* -2Building permits, less federal contracts $ 389,850 89 71 Annual rate of deposit turnover .. ... . 12.9 16 16 Bank debits (thousands) $ 47,772 28 38 End-of-month deposits (thousands)t . . 32,767 12 32 Annual rate of deposit turnover. 18.5 17 12 Richardson (pop. 34,390 ') Nonfarm placements ........ . 209 9 25 Postal receipts ............. .. ...... $ 66,760 -24 4 Ennis (pop. 10,250 ') Building permits, less federal contracts $ 1,609,235 -59 Postal receipts• ........ ............ $ 14,294 -38 30 Bank debits (thousands) ............ $ 40,367 21 19 Building permits, less federal contracts $ 151,300 121 272 End-of-month deposits (thousands)t .. $ 20,559 8 24 Bank debits (thousands) $ 8,579 25 Annual rate of deposit turnover.. . . . 24.5 12 3 End-of-month deposits (thousands)t . . $ 7,923 1 6 Annual rate of deposit turnover ..... . 12.9 23 7 3 Seagoville (pop. 3,745) Farmers Branch (pop. 13,441) Postal receipts• ........ . . . . ..... . .. $ 9,308 -16 68 Building permits, less federal contracts $ 594,503 19 32 Building permits, less federal contracts $ 72,979 472 -13 Ba nk debits (thousands) ............ $ 12,943 34 37 Bank debits (thousands) ........... . $ 5,613 11 .. End-of-month deposits (thousands)t .. $ 5,452 4 16 End-of-month deposits (thousands)t . . $ 3,301 6 31 Annual rate of deposit turnover. 29.0 32 Annual of 21.0 20 rate deposit turnover..... 7 -24 Garland (pop. 50,622 ') Retail sales Waxahachie (pop. 12,749) Automotive stores ... .. ....... ... . -7t 3 21 Postal receipts• ......... ........... $ 18,015 -22 19 Postal receipts• .... ... $ 91,683 5 40 Building permits, less federal contracts $ 72,850 -60 -63Building permits, less federal cor:tracts 1,888,685 28 15 Bank debits (t housands) . ........... $ 16,623 23 20 Ba nk debits (thousands) 60,889 26 29 End-of-month deposits (thousands)t .. $ 11,523 -2 E:nd-of-month deposits (thousands)t . . $ 25,724 3 JO Annual rate of deposit turnover . . .. . 17.2 23 11Annual ra te of deposit turnover ... 28.0 24 18 Nonfarm placements ...... ... .... . . 70 -26 .Grand Prairie (pop. 40,150 ') Postal receipts• ....... ... . 58,714 54 EL PASO SMSA Building permits, less federal contracts $ 6,017,258 152 187 (El Paso; pop. 349,144 ") Ba nk debits (thousands) .. ...... .... $ 30,174 33 25 8nd-of-month deposits (thousands)t .. $ 15,948 Retail sales ....................... . 13 13 8 ** Annual rate of depos it t:irnover. 22.7 31 Apparel stores 5 Automotive stores ..... ...... .... . 32 Irving (pop. 60,136 ') Food stores ... . .... . ............ . •• Postal receipts• . . . . . . . ........ ... $ 79,508 19 12 $ 4,738,575 Building permits, less federal contracts 41 Building permits, less federal cont racts $ 2,434,932 88 26 Bank debits (thousands) II $ 5,976,132 9 16 Ba nk debits (thousands) .... $ 64,304 17 29 End-of-month deposits (thousands ) t .. $ 202,085 3 End-of-month deposits (thousands)t.. 28,006 2 Annual rate of deposit turnover ... . 30.1 9 13 Annual rate of deposit turnover. 27.6 18 18 Nonfarm employment (area) ....... $ 109,200 . Lancaster (pop. 7,501) Ma nufacturing employment (area). $ 19,870 •• - Building permits, less federal contract.a 48,400 67 80 Percent unemployed (area) ....... . 4.1 23 Bank debits (thousands) .......... . 7,041 14 6 End-of-month deposits (thousands)t . . 4,776 4 22 EL PASO (pop. 276,687) Annual rate of depos:t turnover . .... 18.1 3 6 Retail sales ........... ........... . 3 13 McKinney (pop. 13,763) Apparel stores . . . . . . . . . . . . . . . • . . . 2t 3 Postal receipts• . . ...... ......... ... $ 21,563 32 9 40 Automotive stores . . . • . . • . . . . . . . . . 7t 9 Building permits, less federal cont racts $ 137,980 5 362 Food stores . . . . . . . . . . . . . . . . . . . . . . 7t ** Bank debits (thousands) . . . . . $ 12,772 17 Postal receipts• .................... $ 417,874 -7 End-of-month deposits (thousands)t . 14,912 5 27 Building permits, less federal contracts $ 4,738,575 -6 41 Annual rate of deposit turnover ..... 10.5 -19 22 Bank debits (thousands) .... .. ..... . 493,771 23 Nonfarm placements 203 •• 62 End-of-month deposits (thousands)t .. 195,012 2 Annual rate of deposit turnover .. ... 30.5 22 19For an explanation of symbols see p. 266. 270 TEXAS BUSINESS REVIEW Percent change Percent change Local Business Conditions Local Business Conditions Jul l968 J ull968 J ul 1968 J ul 1968 City and item Jul 1968 from J un 1968 f rom J ul 1967 City and item J ul 196 from J un 1968 f r om J u l 1967 FORT WORTH SMSA GALVESTON-TEXAS CITY SMSA (Johnson and Tarrant; pop. 660,341 ' ) (Galveston; pop. 166,016 •) Retail sales 3 31 Retail sales 2 18 Apparel stores .. .. .. . •. . .•.. • ... . 24 21 Apparel stores . . . 12 Automotive Drugstores stores . . ............. . ........ . . . 3 33 14 Automot ive Drugstores stores 3.. 35 10 Eating and drinking p1aces ....... . 2 F ood stores 5 Furniture and household- Furniture and household- appliance stores .. . ...........• . 3 38 applia nce stores . . . .. .. . . . • . .. . . 11 13 Gasoline and service stations. 9 39 Lum ber, building-m a terial, Lumber, building-material, and hardware dealers .. .. . ... . . . 8 and hardware dealers .. . . 19 44 Building permits, less federal cont racts S 1,656,106 -57 23 Building permits, less federal contracts $18,615,679 7 -35 Bank debits (thousands) II .. ... ... S 2,3 2,900 •• 15 Bank debits (thousands) II $1 8,107,172 16 End-of-month deposits t housands)t . . s 104,743 7 End-of-month deposits (thousands)t . . $ 570,048 1 7 Annual rate of deposit turnover 23.2 2 7 Annual rate of deposit turnover . . . . 31.7 4 6 Nonfarm employment (a rea) .. $ 5·7,700 •* 2 Nonfarm employment (area ) 281,600 Manu facturing employment (area) . $ 10,940 5 Manufacturing employment (area) . $ 93,900 1 10 Percent u nemployed (area ) 3.9 - 29 Percent unemployed (area) . . 2.3 - 23 -23 Dickinson (pop. 4,715) Arlington (pop. 75,000 ') Bank debits (t housands) . . . . . . S 11.017 8 34 Retail sales lt 34 End-of-mont h deposits (thousands) t .. $ 5,347 22 Postal receipts• ... . ....... . $ 146,926 1 41 Annual rate of deposit tur nover ... 24.2 19 Building permits, less federa l contracts $ 3,912,500 69 9 Bank debits (thousands) ........... . $ 85,581 15 30 GALVESTON (pop. 67,175) End-of-month deposits (thousands)t .. $ 37,669 4 24 Retail sales .... . . . 14 Annual rate of deposit turnover.. 27.8 11 3 Apparel stores 14 6 Cleburne (pop. 15,381) Food stores .. P ostal receipts• s 7 140,495 6 13 7 20 Building permits, less federa l contracts $ 48,857 -68 Building permits, less federa l contracts $ 274,400 -91 54 Bank debits (thousands ) . . . . . . . . . . . $ 18,297 10 12 Bank debits (thousands) S 13 • 13 20 End-of-month deposits (t housands)t . . $ 15,034 2 12 End-of-mont h deposits (t housands) t . . $ 66, 112 Annual rate of deposit turnover. 14.5 9 Annual rate of deposit tur nover . .. . . 25. 7 10 13 Euless (pop. 10,500 ') Posta l receipts• .... . .... . .. . ... . $ Building permits, less federal contracts $ 13,352 796,019 -13 -68 38 293 La Marque (pop. 13,969) Postal receipts• ....... ... s 15,372 - 24 Bank debits (t housands) . . ..... . ... . $ End-of-month deposits (t housands)t .. $ Annual rate of deposit turnover. 14,366 5,014 33.2 25 6 29 46 4 25 Bu ilding permi ts, less federal contracts S Bank debits (thousands) . . . . . . $ End-of-month deposits (thousands)t . . $ Annua l rate of deposit turnover . . . 203, 7 2 16,612 9,4 70 21. 0 13 29 .. 26 53 31 8 17 FORT WORTH (pop. 356,268) Retail sale:, .. ... . .. . . . . . ••tt 17 TEXAS CITY (pop. 32,065) Apparel stores ..... . . ... . Automotive stores 23tt 3tt 24 11 16 31 Postal receipts• Building permits, less federal cont racts $ 35,0 6 S 1,177,924 -1 105 23 92 GasoJine a nd service stat ions . ... 3tt 9 41 Bank debits (thousands) $ 35,647 14 5 Lumber. building material, hardware stores . and 4t • 30 49 End-of-month deposits (t housa nds)t .. Annual rate of dePoSit turnover . S 15,30 2 .7 13 Postal receipts• .. . . ... . .. .. . . . ... . . $ 1,141,157 Building perm its, less federal contracts $ 8,915,803 ** 15 -54 HOUSTON S)1SA Bank debits (thousands) . . . $ 1,425,456 17 23 (Brazoria, Fort Bend, Harris, Liberty, and End-of-month deposits (th ousands )t . . S 482,260 - 1 6 Montgomery; pop. 1,771,256 ") Annual rate of deposit tur nover . . . 35.3 13 14 Retail sales . 14 Apparel stores . . . 7 Grapevine (pop. 4,659 ') Automotive stores 2 24 Postal receipts• 8,759 5 23 Drugstores ..... 7 Building permits, less federal cont racts $ 149,760 517 93 E ating and drinking places . . Bank debits (thousands) . . . . . $ 5,726 6 27 Florists 14 2 E nd-of-month deposits (thousandsH . . $ 4,399 10 4 Food stores 20 5 Annual rate of deposit tur nover. 16.4 24 Furniture and household- North Richland Hills (pop. 8,662) Building permits, less federal contracts $ 1,583,200 Bank debits (thousands) . . . . . . . $ 13,312 End-of-month deposits (thousands)t . . $ 7,414 Annual rate of deposit t u rnover . . . . . 23.2 White Settlement (pop. 11,513) Building permits, less federal contracts $ Bank debits (thousands) .. . . . .. . . .. . $ End-of-mont h deposits (thousands)t .. $ Annual rate of deposit turnover. 65,440 6,750 2,761 29.l 973 18 17 7 -30 14 1 12 - 20 19 14 2 65 88 27 43 a pplia nce stores ...... .. . .. ... • Gasoline and service stations . .. .. Liquor stores . . ....... .. . . . .. . .. • Lum ber, building-material, and hardware dealers Building permits, less federal contracts $33,113,77 Bank debits (t housands) II $ 0,404, 116 End-of-month deposits (t housands)t . . $ 2,2 9,1 08 Annual rate of deposit turnover 34.6 Nonfarm employment (area ) .. . .... $ Ma nufactur ing employmen t (a rea) . $ Percent u nemployed (area) ... . . 765,200 141,275 2.3 - 9 6 25 4 3 21 11 6 29 -43 13 10 5 For an expla na tion of symbols see p. 266. Percent change Percent change Local Business Conditions Local Business Conditions J ul 1968 Jul l 968 Jul 1968 J ul 1968 J ul f rom from Jul from from City and item 1968 J un 1968 J u l 1967 City a nd item 1968 Jun 1968 Jul 1967 Baytown (pop. 38,000 ' ) La Porte (pop. 7,250 ' ) P ostal receipts• .. .. . ........... . . . . $ 45,087 -12 21 Building permits, Jess feder a l contracts $ 66,902 198 - 37 Buildin g permits, less federal cont racts $ 1,140,017 121 37 Ba nk debits (thousands) . .. . . . .... .. $ 4,396 -28 -12 Bank debits (thousands) . . .. .. .. . . . $ 67,603 35 17 End-of-month deposits (t housands) t .. $ 3,207 - 4 9 End-of-mon th deposits (thousa nds) t . . $ 32,888 3 13 Annua l rate of deposit turnover 16.1 -27 -12 Annua l rate of deposit turnover .. . . . 25.0 32 5 Liberty (pop. 6,127) Bellaire (pop. 21,182 ') P ostal receipts• ... . ... . .......... . . $ 10,034 -16 49 P ostal receipts • . . .. .. ... . .. . . .. . ... $ 231,904 -17 20 Building permits, less federaJ contracts $ 45,870 237 - 43 Building permits, less federal cont racts $ 25,315 3 -94 Bank debits (t housands) . . .. . . .. .. . $ 13,885 29 Bank debits (t housands) .. . .. ... . . .. $ End,of-month deposits (thousands) t . $ 42,708 21,763 8 •• 44 17 E nd-of-month deposits (t housands) t . . $ Annual rate of deposit turnover . . . . . 10,482 15.7 2 8 3 21 Annual rate of deposit turnover .... 23.6 17 Pasadena (pop. 58,737) Clute (pop. 4,501) P osta l r eceipts• .. . . . . . . . ..... . . ... . $ 70,767 -22 12 Building permits, less federa l contracts $ 169,985 71 Building permits, less federal contracts $ 2,961,057 72 258 Ba nk debits (thousa nds) . . . $ 3,982 16 18 Bank deb its (thousands) . .. .... .. . . . $ 89,892 17 17 E nd-of-month deposits (thousands)t .. $ 2,164 4 - 5 E nd-of-month deposits (thousands ) t .. $ 41,362 14 Annual rate of deposit t urnover . ... . . 21.6 19 18 A n nual rate of deposit t urnover . 26.7 16 6 Conroe (pop. 9,192) Richmond (pop. 3,668) P ostal receipts • . . . . .. .... . . . ... .. . . $ 27,945 -12 20 P ostal receipts• .... . . . ...... . .. . ... $ 5,278 -31 22 Building permits, less federa l contracts $ 183,500 39 181 Bu ilding permits, less federal contracts $ 184,840 247 184 Bank debits (thousands) . . . . . . . . $ 24,325 21 13 Bank debits (t housa nds) ... . . ... . .. $ 8,536 33 14 End-of-m onth deposits (thousands)t .. $ 15,386 - 1 13 End-of-mont h deposits (thousa nds) t . . $ 9,255 - 3 Annual ra te of deposit t urnover . ... . 18.8 22 Annual rate of deposit tu rnover . . . . . 10.9 33 Dayton (pop. 3,367) Rosenberg (pop. 9,698) Bu ilding permits, less federal contracts 500 - 98 -96 P ostal receipts• . ...... .. .. $ 12,350 -16 14 Bank debits (thousands) $ 5,61 3 2 12 Building permits, less federa l cont~acts $ 119,775 -69 47 End-of-month deposits (t housa nds)t . . $ 4,026 7 8 E nd-of-month deposits (thousands ) t . . $ 11,045 - 1 Annual rate of deposit tur nover . .... 17.3 2 8 South Houston (pop. 7,253) Deer Park (pop. 4,865) P ostal receipts• .. . ... . ... .. ... . .. . . $ 11,271 5 26 P osta l receipts• . .. . ... . ...... .. . . .. $ 10,395 -16 11 Bank debits (thousands) . . .. . . . . .... $ 10,027 3 Building perm its, less federal contracts $ 213,320 -84 -42 End-of-month deposits (thousands ) t .. $ 6,943 2 Ba nk debits (t housands) . . . . . . .. .. . $ E nd-of-mont h deposits (thousands)t . . $ An nual rate of deposit t ur nover .. . 8,286 3,393 29.2 16. 14 40 6 26 Ann ual rate of deposit turnover . .... Tomball (pop. 2,025 ' ) Building permits, less federa l contracts $ 17.2 29,104 62 Freeport (pop. 11,619) Ba n k debits (thousands ) .. . .. .. . . . . . $ 6,816 Postal receipts• . . . . . . . . . . . ... .... . . $ 25,078 -22 17 End-of-month deposits (thousands)t . . $ 10,792 10 Bank debits (thousands) .. . . . ..... . . $ 23,850 8 2 Annual r ate of deposit turnover ..... 7.5 7 - 9 End-of-month deposits (thousands ) t . . $ 15,049 3 Annua l rate of deposit tur nover , . . . 18.9 12 LAREDO SMSA HOUSTON (pop. 938,219) Reta il sales .... . .. . ... . . . . . . .. .. . . . Apparel stores . .. . ... .. .. . .. . . •. . Automotive stores Eating and dr inking places . . . . . . Food stores .. . . . .. . .. . . . . . . ... . . . L umber , bu ilding-m ateria l, a nd ha rdwa re stores .. .. ...... . ltt Stt 4tt 2tt 4tt 7tt 4 2 24 25 8 23 30 (Webb; pop. 75,863 •) Bu ilding permits, less fede.ral cc>ntracts $ Ba nk debits (thousands ) II ........ $ E nd-of-month deposits (thousands)t . . $ A n nua l rate of deposit turnover Nonfa rm employment (area ) . . .. . Manufacturing employment (a rea ) . Percent u nemployed (a rea) . . 71,635 829,032 38,869 22.4 23,700 1,270 8.4 -72 22 11 15 2 2 -18 -67 28 13 15 4 2 Postal receipts• . . . . . . . . . . . . . . . . . . . . 3,244,068 9 LAREDO (pop. 60,678) Building permits, less federal contracts $25,987,436 -51 P ostal receipts• ... . . . .. . . .. . . . .. . . . $ 59,965 -21 30 Bank debits (thousands) .. . ..... .. . . $ 6,425,529 13 21 Building permits, less federal contracts $ 71,635 -72 -67 End-of-month deposits (thousands )t . . $ 1,939,521 5 9 Ba nk debits (thousands) . . .. . ... . .. $ 67,504 20 29 Annua l rate of deposit t urnover. . . . 38.7 12 8 E nd-of-month deposits (thousands)t .. $ 37,353 7 13 Annual r a te of deposit turnover ... . . 22.4 17 15 Humble (pop. 1,711) Nonfa rm placements 471 - 11 -22 P ostal receipts• . . .... . . .. . , ... . . .. , $ 5,905 -22 30 Building permits, less federal contracts $ 44,550 -79 LUBBOCK SMSA Bank debits (thousands) . .. . . . . . . . . $ End-of-month deposits {t housands ) t . . 5,582 4,263 14 6 15 Retail sa les (Lubbock; pop. 175,839 ") 16 - 2 An nual rate of deposit turnover . 16.2 16 16 Autom otive stores ..... . . . . . . . . .... . 8 9 Katy (pop. 1,569) Building permits, less federa l contracts $ 9,217,840 Bank debits (thousands) II ... ...., $ 4,427,940 182 23 561 19 Building permits, less federal contracts $ Ba nk debits (thousands) $ End-of-month deposits (thousands)t . . $ 15,000 2,963 2,857 -21.. -12 •• 16 End-of-month depos its (thousands) t .. $ An nual r ate of deposit t urnover , . , . N onfarm emp loyment (a rea) . . . . . . . $ 149,537 29.3 62,500 -- 2 24 1 4 13 Annual rate of deposit t ur nover ... . . 12.4 -23 -15 Manufactu ring employment (a rea) . $ 6,750 - 1 For an explanation of symbols see p. 266. P ercent u nemployed (a rea ) ..... .. . 4.0 - 22 Percent change Percent change Local Business Conditions Local Business Conditions City and item J ul 1968 Jull968 from J un 1968 Jul 1968 from Jul 1967 City and item J ul 1968 J ul 196 from J un 196 J ull96 from J ul 1967 LUBBOCK (pop. 155,200 ') McALLE r (pop. 35,411 ') Retail sales .. ............. .. ... . 1t 16 - 2 Retail sales . ....... . . .. ... . .... .. . . 1t 23 Automotive stores . . . . . . . . . . . . . . . . . . 7t Postal receipts• ........ .. .. .. ...... $ 292,347 Building permits, less federal contracts $ 9,217,290 Bank debits (thousands) . . . ......... $ 309,267 End-of-month deposits (thousands)t .. $ 137,841 Annual rate of deposit turnover . . . .. 26.9 8 8 202 26 *" 27 9 25 5 1 21 15 Appa rel stores ... . .. . . . . .•. . .. . .. Postal receipts• ... . . . .. . ........ .. . $ Building permits, less federal contracts $ Bank debits (thousands) . ....... . .. . $ E:nd-<>f-month deposits (thousands)t . . $ Annua l rate of deposit turnover .. . .. . Nonfarm placements .............. . 2t 44,374 334,000 51,094 31 ,6 3 19.7 992 12 24 9 9 4 11 15 65 25 15 11 23 Slaton (pop. 6,568) Mercedes (pop. 10,943) Postal receipts• . ..... . ........ . .... $ 7,40 4 36 Postal receipts• .. ....... . ...... . . . . $ 4,749 -22 12 Building permits, less federal contracts S 22,000 64 49 Building permits, less federal contracts $ 550 97 Bank debits (t housands) .. . .. . .. . .. S 6,709 Bank debits (thousands) ..... . ..... $ 5,516 34 17 End-of-month deposits (thousandsH .. $ 5.144 End-of-month deposits (thousands) t . . $ 3,5 4 9 Annual rate of deposit turnover. 16.3 11 9 Annual rate of deposit turnover . .. . . 17.9 35 10 Mission (pop. 14,081) P ostal receipts• . . .... . ........ ... .. $ 10, -14 11 McALLEN-PHARR-EDINBURG SMSA Building permits, less federal contracts $ Bank debits (thousands) ..... . . . . .. . S 144,160 14,937 566 20 605 15 (Hidalgo; pop. 180,596 •) End-of-month deposits (thousands)t .. $ 12,401 21 19 Retail sales 3 20 Annual rate of deposit turnover 15. 9 3 Apparel stores ... . ....• .. . •.. . ... Aut.omot ive stores . ......... . ... . 10 8 31 PHARR (pop. 15,279 ') P ostal receipts• . . . . . . . . . . . $ 7,471 40 .. Drugstores ... .. ....... .. .. .• . . . . 5 Building permits, less federal contracts $ 35. 26 49 21 Food stores 2 Bank debits (thousands) ...... . .... . $ 5, 04 7 3 Furniture a nd household· appliance stores ...... .. .. , .. . . . Gasoline and service stations . ... . . 17.. 15 7 End-of-month deposits (thousands)t .. Annual rate of dePQSit turnover . . ... S 6,051 12.l 11 u 2 General-merchandise stores 39 50 San Juan (pop. 4,371) Lumber, building-material, P ostal receipts• .. . . .......... . . . 3,364 44 10 and ha rdware dealers . . . ....... . 8 32 Building permits, less federal contracts $ 4, 50 2 5 Building permits, less federal contracts $ 885,175 14 46 Bank debits (thousands) . . .. .. ..... . $ 3,13 12 Bank debits (thousands) If ... ..... $ 1,458,912 10 End-of-month deposits (t housands)! .. S 2,906 3 End-of-month deposits (thousands)t .. $ 83,835 4 Annual rate of deposit turnover.... . 12.8 21 10 Annual rate of deposit t urnover . . . . Nonfarm employment (area) Manufactur ing em ployment (area) . Percent unemployed (area) . . . . . . . . . 17.5 40,550 4, 30 6.5 4 6 10 .. 6 9 2 Weslaco (pop. 15,649) Postal receipts• . . . . . . . . . . . . . . . . . S Building perm.its, less federal contracts $ Bank debits (t housands) .... .. . . .. . $ 13,904 l 6,434 ll,327 -12 142 6 25 244 12 End-<>f-month deposits (thousands)t .. S 10,97 6 Alamo (pop. 4,121) Annual rate of deposit turnover ..... 12.5 9 4 Building permits, less federal contracts $ 3,100 4 63 MIDLAND SMSA Bank debits (thousands) ..... . ... . . $ 2,367 2 2 (Midland; pop. 66,487 •) End-of-month deposits (thousands)t .. $ l ,468 14 8 Retail sales 12 21 Annual rate of deposit turnover . .... 20.6 9 26 Building permits, less federal contracts S 3,609,527 1 6 Bank debits (thousands) II .... .. .. S l , 92,5 0 13 Donna (pop. 7,522) End-<>f-month deposits (thousands)! .. $ Annual rate of deposit turnover . . . . 133,6 14.4 3 Postal receipts• . . .. . . ......... . . ... $ Building permits, less federa l contracts $ Bank debits (thousands) ..... . . . . ... $ End-of-month deposits (thousands)t . . $ Annual rate of deposit turnover . . ... 4,033 12,500 3,675 4,406 9.9 40 51 31 3 34 67 16 •* 14 Nonfarm employment (area) b ... .. . Manufacturing em ployment (area) b P ercent unem ployed (area) b ... .. . MIDLA D (pop. 62,625) 62,000 4,910 3.4 21 3 15 Postal receipts . . .. . . .. ....... s 146,424 13 EDINBURG (pop. 18,706) Building permits, less federal contracts S 3,609,527 Bank debits (thousands) .... . . ...... S 156,990 6 22 Postal receipts• .. . . . ............... $ 15,063 34 End-of-month deposits (thousandsH .. $ 130,613 9 Building permits, less federal contracts $ 149,975 37 31 Annual rate of deposit turnover.... . 14.7 12 Bank debits (thousands) ....... . .... $ End-of-month deposits (thousands)t .. $ Annual rate of deposit turnover . ... . Nonfarm placements ..... . .... . ... . 23,267 12,491 22.6 221 2 14 22 •• 20 10 Nonfarm placements 09 ODESSA SMSA (Ector ; pop. 88,194 •) 59 Retail sales 21 Building permits, less fed.era! contracts $ 263,501 42 65 Elsa (pop. 3,84 7) Building permits, less federal contracts $ Bank debits (thousands) .. . ........ $ End-of-month deposits (t housands)t .. $ Annual rate of deposit turnover . .. 7,930 3,1 3 l,732 21.6 54 4 3 20 54 l 31 Bank debits (thousands) II ........ S l.376,796 End-<>f-month deposits (thousands)! .. $ 69,401 Annual rate of deposit turnover . .. . N onfarm employment (area) b ..... . Manufacturing employment (area) b Percent unemployed (area) b ..... . 20.1 62,000 4,910 3.4 3 3 21 21 5 14 3 15 For an explanation of symbols see p. 266. SEPTEMBER, 1968 273 Percent change Percent change Local Business Conditions Local Business Conditions J ul1968 Jul 1968 Jul 1968 J ul 1968 Jul from from J ul from from City and item 1968 Jun 1968 Jul 1967 City and item 1968 J un 1968 J ul 1967 ODESSA (pop. 86,937 ') Schertz (pop. 2,281) Retail sales ... .. . . ... 1t 21 Postal receipts• .. .. ........... ..... $ 2.493 23 46 P ostal receipts $ 99, 751 26 7 Ba nk debits (thousands) .. ......... $ 880 48 56 Building permits, less federal contracts 263,501 42 65 End-of-month deposits (thousands):I . . $ 1,127 13 15 Bank debits (thousanos) $ 122,456 19 ?.8 Annual rate of deposit turnover ... 8.7 53 26 End-of-month deposits (thousands):I .. $ 68,129 9 Annual rate of deposit t urnover. 21.6 15 17 Non farm placements .. . 468 '* 33 Seguin (pop. 14,299) Building permits, less federal contracts $ 316,935 250 273 Bank debits (thousands ) $ 18,291 8 20 SAN ANGELO SMSA End--of-month deposits (thousands)+ . . $ Annual rate of deposit turnover . .... 17 ,134 13.1 7 6 15 (Tom Green; pop. 75,210 ") Retail sales .......... . . ... . 18 11 Gasoline a nd service stations. Building permits, less federal contracts Bank debits (thousa nds) II 514,224 1,025,580 3 29 5 59 3 SHERMAN-DENISON SMSAx (Grayson; pop. 80,95'7 •) End-of· month deposits (thousands)t .. Annual rate of deposit turnover Nonfa rm employment (area ) .. . Ma nufacturing employment (area). Percent unemployed (area ) 63,683 15.8 23,400 3,870 3.3 13 15 11 3.. 11 Retail sales ······· ··· ·· ······ Apparel stores ···· ·· ···· ······· ··· Automotive stores . ........ ....... Building permits, less federal contracts $ Bank debits (thousands) II $ 649,886 989,880 2 13 52 13 18 .. 31 25 7 End-of-month deposits (thousands ) t .. $ 55,267 Annual rate of deposit t urnover 17.8 12 SAN ANGELO (pop. 58,815) Reta il sales Gasoline and service stations lt 3t 18 3 11 1 DENISON (pop. 25,766 ') P ostal receipts• ···· · · ·· ···· 115,140 20 10 Postal receipts• . . . . . . . . . . $ 32,555 24 Building permits, less federal contracts $ 514,224 29 59 Building permits, less federal contracts $ 316,355 46 156 Bank debits (thousands) ···· · · · ··· $ 95,652 End-of-month deposits (thousands)+ . . $ 64,129 Annual rate of deposit turnover ..... 17.8 15 2 13 11 15 4 Bank debits (thousands) .. . .. . ... . . $ End-of-month deposits (thousands)+. Annual rate of deposit turnover .. . . 29,859 18,876 18.8 16 15 11 10 2 Nonfarm placements 241 27 3 SAN ANTONIO SMSA (Bexar and Guadalupe; pop. 852,491 ") SHERMAN (pop. 30,660 ') Reta il sales 17 Postal receipts • 39,096 17 12 Apparel stores ... .. ........ . ... . . 9 12 Building permits, less federal contracts 324,531 55 54 Automotive stores ..... . 5 20 Bank debits (thousands) .... . .... . 45,318 13 5 General-merchandise stores ...... . . 9 7 End-of-month deposits (thousands)+ . . S 25,539 Lumber, building-material, Annual rate of deposit turnover . . . 20.8 12 and ha rdware dealers .......... . 45 Nonfa rm placements 237 42 56 Building permits, less federa l contracts Bank debits (thousands) II $ 6,453,058 $14,861,580 23 15 E nd·of-month depos its (thousands)+ .. Ann ua l rate of deposit turnover $ 602,597 25.1 7 TEXARKANA SMSA Nonfarm employment (area) Ma nufacturing employment (area). Percent unemployed (area ) ... 274,500 31, 200 4.1 •• 6 8 Retail (Bowie, excluding Miller, Ark.; pop. 70,413 ") sales -13 Building permits, less federal contracts $ 8,220,877 3,399 1,917 Bank debits (thousands) II $ 1,476,168 16 End-of-month deposits (thousands)+ . $ 66,635 8 SAN ANTONIO (pop. 655,006 ') Annual rate of deposit turnover N onfarm employment (area) . . . . 22 .7 43,650 Retail sales ••tt Manufacturing employment (area) . 14,900 25 Apparel stores Itt 12 Percent unemployed (area ) . . . 2.6 10 13 Automotive stores ltt 19 General-merchandise stores lit 9 7 L umber, building-material, and hardware stores 2.. I I 5 47 TEXARKANA (pop. 50,006 ') Postal receipts• ..... Building permi ts, less federal contracts Bank debits (thousands) .... . E nd·of-month deposits (thousands)+ . Annual rate of deposit turnover. 1,196,149 $ 5,318,942 $ 1,217,116 $ 568,101 26.0 6 28 8 2 8 9 12 18 7 8 Retail sales .. ... .... . . . ........... . P ostal receipts• Building permits, less federal contracts Bank debits (t housands) .. . .... . . . . End-of-month deposits (thousands) t .. 1t $ 98,397 $ 8,220,877 $ 121,436 $ 28,772 -13 19 21 20 8 For an explanation of symbols see p. 266. Annual rate of deposit turnover ..... 27.0 15 Percent change Per cent change Local Business Conditions Local Business Conditions J ul 1968 J ul 1968 Jul 1968 J ul 1968 Jul from from Jul from from City and item 1968 Jun 1968 Jul 1967 City and item 1968 Jun 1968 Jul 1967 TYLER SMSA WACO (pop. 103,462) (Smith; pop. 99,881 ") Retail sales ................ . 10 Retail sales .. ....... .... .......... . Apparel stores .................. . 2 30 21 23 Apparel stores ........... ....... . Automotive stores . . . . . . . . . . . . . . . . 7 11 12 3 •• Building permits. less federal contracts $ 570,650 37 55 Postal receipts• . . . . . . $ 205,018 31 Bank debits (thousands) II $ 1,921,032 9 Building permits, less federal contracts $ 1,035,570 53 End-of-month deposits (thousands)t .. $ 87,319 .. . Bank debits (thousands) ........ . ... $ 196,236 10 1 Annual rate of deposit turnover ... . 22.0 7 End-of-month deposits (thousands)t .. $ 100,036 5 5 Nonfarm employment (area) . . ... . . 36,200 4 Annual rate of deposit turnover..... 24.1 10 12 Manufacturing em ployment (area). 10,110 •• 3 Percent unemployed (area) .... . . ... . 3.0 9 •• WICHITA FALLS SMSA (Archer and Wichita; pop. 126,794 ")TYLER (pop. 51,230) Retail sales 14 18 Retail sales ............ .......... . lt 3 23 Building permits, less federal contracts $ 1,232,969 55 65 Apparel stores .. .. . . ... ........ . . . 2t 3 Bank debits (thousands) II ........ .... $ 2,239,416 10 Postal receipts ... ..... . $ 150,852 13 57 End-of-month deposits (thousands)t. , $ 114,947 6 Building permits, less federal contracts S 484,750 16 35 Annual rate of depooit turnover 20.2 6 Ba nk debits (thousands) $ 162,509 27 9 .. .. Nonfarm employment (area) . . . . . . . 50,300 End-of-month deposits (thousands)t. $ 78,156 .. Manufacturing employment (a rea). 4,9 0 1 6 Annual rate of deposit> turnover . . 24.7 25 7 Percent unemployed (area) . . . . . . . . . 2.3 18 21 Nonfarm placemen ts ... 632 9 11 Burkburnett (pop. 7,621) WACO SMSA Building permits, less federal contracts $ 9,150 42 47 (McLennan; pop. 151,871 ") Bank debits (thousa nds) . . . . $ 9,375 8 End-of-month deposits (thousands) t .. $ 5,066 Retail sales ...... .. . . . . . ...... .... . 10 Annual rate of deposit turnover ... .. . 21.3 Apparel stores ........ . . ........ . 30 21 Automotive stores .. ......... . 11 12 Building permits, less federal contracts $ 1,076,070 52 8 Iowa Park (pop. 5,152 r) Bank debits (thousands) II $ 2,480,724 2 12 Building permits, less federal contracts $ 4,000 833End-of-month deposits (thousands) t .. s 117,704 Bank debits (thousands) ........... $ 3,601 18 Annua l rate of deposit turnover .... 21.3 2 7 End-of-month deposits (thousands)t .. $ 3,696Nonfarm employment (area) 57,700 .. 7 An nual rate of deposit turnover . . . . . 11.6 Manufacturing employment (area). 13,810 23 Percent unemployed (area) . 4.3 10 WICHITA FALLS (pop. 115,340 r) Retail sales . . . . . . . . . . . . . . . . . . . . . . . . 1t 14 McGregor (pop. 4,642) Postal receipts• . $ 165,322 2 Building permits, less federal contracts 500 91 86 Building permits, less federal contracts $ 1,139, 19 46 Bank debits (thousands) . . . . . . . . . . . $ 4,943 8 18 Bank debits (thousands) . . . . . S 177,791 14 20 End-of-month deposits (thousands)t. S 7,677 1 End-of-month deposits (thousands)t . . $ 101,215 7 Annual rate of deposit turnover ..... 7.8 18 Annual rate of deposit turnover . . . . . 21. 10 15 ALPHABETICAL LISTING OF NON-SMSA CITIES, WITH DATA ALBANY (pop. 2,174) ANGLETON (pop. 9,131) Building permits, less federal contracts $ 0 Postal receipts• ..... ....... .. . . .... $ 13,415 11 Bank debits (thousands) ....... . .. . 3.579 19 11 Building permits, less federal contracts $ 19,100 65 61 End-of-month depos:ts (thousands)t . . 4, 330 1 4 Bank debits (thousands) . . . ......... $ 17,23 15 35 !\nnual rate of deposit turnover. 10.0 12 10 End-of-month deposits (thousands)t .. $ 14, 31 26 41 Annual rate of deposit turnover .. ... 15.6 2 ALPINE (pop. 4,740) Pootal receipts• ........... $ 7,775 13 40 ATHENS (pop. 7,086) Building permits, less federal contracts 17,225 34 761 Postal receipts• . . . . . $ 15,504 -26 9 Bank debits (thousands) . . . S 5,187 23 29 Building permits, less federal contracts $ 115,200 98 20 End-of-month deposits (thousands) t .. $ 5,386 10 24 Bank debits (thousands) . . .. .... . . . 14,270 9 Annual rate of deposit turnover .... 10.9 22 4 End-of-month deposits (thousands)t .. $ 10,776 12 Annua l rate of deposit turnover 16.2 ANDREWS (pop. 11,135) BAY CITY (pop. 11,656) Postal receipts* .... " ... ... . s 9,951 -19 29 Postal receipts• . . . . . . . . . . . . . . . $ 17, 62 27 Building permits, less federal contracts $ 66,800 68 Building permits, less federal contracts $ 115,460 51 Bank debits (thousands) ... ........ $ ,504 32 8 Bank debits (thousands) . .... . ..... $ 20, 21 . 11End-of-month deposits (thousands)t . . $ 6,447 5 13 End-of-month deposits (thousands)t .. $ 27,035 .. An nual rate of deposit turnover. 15.4 39 23 Annual rate of deposit turnover ... . . . 9.2 .. 10 Nonfarm placements ....... .... ... . 79 32 61 For an explanation of symbols see p. 266. Percent change Percent change Local Business Conditions Local Business Conditions Jull968 Jul 1968 Jull968 Jul 1968 Jul from from Jul from from City and item 1968 Jun 1968 Jul 1967 City and item 1968 Jun 1968 Jul 1967 BEEVILLE (pop. 13,811) BRYAN (pop. 32,891 ') Postal receipts• ..... . ........ .. .. . . $ 15,000 26 Postal receipts• .......... .... .... .. $ 41,436 24 Building permits, less federa l contracts $ 72,795 82 74 Bank debits (thousands ) . ...... .. ... $ 64,730 40 14 Bank debits (thousands) ........... $ 16,462 22 11 End-of-month deposits (thousands)t .. $ 29,459 1 6 End-of-month deposits (thousands)t .. $ 17,447 7 17 Annual rate of deposit turnover .. .. . 26.2 34 7 Annual rate of deposit turnover .. .. . 11.7 19 3 Nonfarm p lacements .... .... ... . .. . 251 14 33 Nonfarm placements .... ........ . 103 1 CALDWELL (pop. 2,202 ') BELLVILLE (pop. 2,218) Postal receipts . . . . . . . . . . . . . . . . . . . . . $ Bank debits (thousands) . .......... $ 3,605 3,796 18 16 11 Building permits, less federa l contracts $ 32,900 722 74 End-of-month deposits (thousands)t .. $ 4,667 2 4 B3nk debits (thousands ) ... . . ....... $ End-of-month deposits (thousands)t . . $ Annual rate of depcsit turnover. 4,841 5,797 10.0 16.. 12 19 7 25 Annual rate of deposit turnover ..... CAMERON (pop. 5,640) Postal receipts• .... . ... . ........... $ 9.6 4,605 14 45 12 20 BELTON (pop. 8,163) Bank debits (thousands) ... . .... . . . $ End-of-month deposits (thousands )t .. $ 5,610 5,828 16 7 Postal receipts• . . $ 10,376 25 1 Annual rate of deposit turnover ..... 11.7 12 Building permits, less federal contracts End-of-month deposits (thousands)t. $ $ 26,500 10,563 55.. 67 15 CASTROVILLE (pop. 1,508) Building permits, less federal contracts $ 21,258 57 BIG SPRING (pop. 31,230) Postal receipts• . ... .. .... .. . . ...... $ Building permits, less federal contracts $ Bank debits (thousands) . . . $ 38,208 420,941 51,332 -19 115 26 •• 203 37 Ba nk debits (thousands) . ... . ...... $ End-of-month deposits (thousands) t .. $ Annual rate of deposit turnover..... . CISCO (pop. 4,499) 1,119 1,235 11.2 18 7 15 18 4 20 End-of-month deposits (thousands)t .. $ Annual rate of deposit turnover . ... . 25,335 24.0 2 27 2 33 Postal receipts• . . .. ... ...... . ...... $ Bank debits (thousands) .. . ..... . ... $ 5,444 4,972 25 8 30 6 Nonfarm placements 244 33 95 End-of-month deposits (thousands)t .. $ 4,437 10 20 Annual rate of deposit turnover ..... 14.1 1 BONHAM (pop. 7,357) COLLEGE STATION (pop. 18,590 ' ) Postal receipts• ................ . . . $ 7,551 29 10 Postal receipts• . . .. .. .. . .......... . $ 24,637 - 19 27 Bank debits (thousands) ... ... . . ... $ 10,347 15 21 Building permits, less federal contracts $ 2,994,232 870 End-of-month deposits (thousands) t .. Annual rate of deposit turnover . .... $ 9,172 13.5 15 21 Bank debits (thousands) . . .. .. ...... $ End-of-month deposits (thousands)t .. $ Annual rate of depesit turnover . . . . . 10,091 5,85 4 19.8 33 8 37 15 24 BORGER (pop. 20,911) COLORADO CITY (pop. 6,457) Postal receipts• ...... .... . . ........ $ 24,093 -25 23 Postal receipts• . .. ...... . . $ 7,288 26 Building permits, less federal contracts $ 169,100 479 Bank debits (thousands) ........ . .. $ 5,416 15 15 Nonfarm p~acements .. . . . ......... . 74 -20 -19 End-of-month deposits (thocsands) t .. $ 5,916 5 1 Annual rate of deposit turnover... . . 10.7 18 13 BRADY (pop. 5,338) COPPERAS COVE (pop. 4,567) Postal receipts• ......... . .......... $ 5,931 27 Postal receipts• .. ... ..... ... .... $ 6,627 17 24 Building permits, less federa l contracts $ 8,575 65 84 Building permits, less federal contracts $ 53,875 52 69 Ba nk debits (thousands) ...... . ..... $ 9,603 9 4 Bank debits (thousands) .. .. .. ... . . $ 2,584 11 21 8nd-of-month deposits (thousands )t.. $ Annual rate of deposit turnover . . ... 8,749 14.2 16. 25 17 End-of-month deposits (thousands) t .. Annual rate of deposit turnover .. . .. $ 1,926 17.3 17 2 13 34 CORSICANA (pop. 20,344) BRENHAM (pop. 7,740) Retail sales . ... .... .. ............. . 1t 11 P ostal receipts• .......... .. ... .. $ 11,670 35 Postal receipts• ........ . ........... $ 68,079 78 79 Building permits, less federal contracts $ 223,849 8 216 Building permits, less federal contracts $ 139,850 17 87 Ba nk debits (thousands) ... . . . . . .... $ 15,741 7 8 Bank debib (thousands) ... . .. . ... . $ 30,067 19 7 End-of-month deposits (thousands)1: .. $ 16,475 2 10 End-of-month deposits (thousands)t . . $ 21,918 1 Annual ra te of deposit turnover .. ... 11.6 3 Annual rate of deposit turnover .... . 16.5 18 15 Nonfarm placements . ... . ........ . . 171 20 18 BROWNFIELD (pop. 10,286) CRANE (pop. 3,796) Postal receipts• ...... . . . . . .. ... .... $ 12,624 22 11 Building permits, Jess federal contracts $ 44,000 175 - 61 Bank debits (thousands) . .... . .... . $ End-of-month deposits (thousands)t . . $ 16,155 12,778 9 1 11 Bank debits (thousands) End-of-month deposits (thousands)t .. $ $ 2,296 2,253 •• Annual rate of deposit turnover . . . .. 15.1 14 4 Annual rate of deposit turnover .. . . . 12.2 CRYSTAL CITY (pop. 9,101) BROWNWOOD (pop. 16,974) Building permits, less federal contracts $ 21,900 16 51 Retail sales . ... . . .... .. .. .. .. ..... . Postal receipts• .. . . . . .... ... ....... $ Building permits, less federal contracts $ 1t 29,939 94,550 10 19 87 14 1 66 Bank debits (thousands) ... . ....... $ End-of-month deposits (thousands) t .. $ Annual rate of deposit turnover .... 4,129 2,995 15.8 4 8 15 Bank debits (thousands) ....... $ End-of-month deposits (thousands)t .. $ Annual rate of deposit turnover .... . Nonfarm placements .... ... ....... . 23,224 13,881 20.3 82 18 17 33 14 6 10 32 DECATUR (pop. 3,563) Building permits, less federal contracts $ Bank debits (thousands) . . ... ..... . $ End-of-month deposits (thousands)t .. $ 300 5,296 4,758 90 38 4 98 For an explanation of symbols see p. 266. Annua l rate of deposit turnover ..... 13.1 34 Percent cha~e Percent change Local Business Conditions Local Business Conditions Jul 1968 Jul 1968 Jul 1968 Jul 1968 Jul from from Jul from from City and item 1968 J un 1968 Jul 1967 City and item 1968 J un 1968 Jul 1967 DEL RIO (pop. 18,612) GEORGETOW (pop. 5,218) Postal receipts• ................. . . . $ 24,645 7 35 Bank debits (thousands) ........ . .. . $ 7,152 20 Building permits, less federal contracts $ 120,190 25 29 End--0f-month deposits (thousands)t .. $ 7,3 8 Bank debits (thousands) ..... . ..... S 18,554 11 22 Annual rate of deposit turnover . . ... 11.7 7 End-of-month deposits (thousands)t . . $ 19,991 3 10 Annual rate of deposit turnover . .... 11.3 12 GIDDINGS (pop. 2,821) Postal receipts• .................. . . $ 3,462 49 Building pe.rnUts, Jess federal contracts $ 19,900 96 95 DIMMITT (pop. 2,935) Bank debits (thousands) . ...... .. .. S End-of-month deposits (thousands)t .. $ 5,363 5,213 .. 2 3 Bank debits (thousands) .. . .... . ... $ 12,302 10 25 Annual rate of deposit turnover..... . 12.3 7 End-of-month deposits (thousands)t .. S Annual rate of deposit turnover . ... 6,442 22.9 5 16 10 GLADEWATER (pop. 5,742) Postal receipts• . . . . ............. . . . S 6,922 27 9 Bank debits (thousands) . . . . . . . . . . . . $ 6, 74 23 40 EAGLE LAKE (pop. 3,565) End-of-month deposits (thousands)t .. S Annual rate of deJ>OSit turnover ... . . 4,9 16.2 10 25 Bank debits (thousands) . . . .. ... .. .. S 3,750 7 Nonfarm employment (area) c ... . . 34,400 1 4 End--0f-month deposits (thousands)t .. S 4,561 3 Manufactur ing employment (area) c 9,930 3 14 Annual rate of deposit turnover . . . .. 9.7 9 3 Percent unemployed (area) c .. . .... . 2.7 21 13 GOLDTHWAITE (pop. 1,383) EAGLE PASS ( pop. 12,094) Postal receipts• . . ............... . . . $ Bank debits (thousands) ... . .. ..... $ 4,020 6,429 13 3 79 32 Postal receipts• . . . . . . . . . . . . . . . . . . . . S 12,478 25 16 End-of-month deposits thousands)t . . S 6,053 1 Building permits, less federal contracts S 51.495 37 67 Annual rate of deposit turnover ... .. . 12.3 2 26 Bank debits (thousands) .... . ...... $ 9,187 24 18 End-of-month deposits (thousands)t .. $ 4,644 2 GRAHAM (pop. 8,505) Annual rate of deposit turnover .. . . 24.0 24 19 Postal receipts• . .... . ...... . ....... $ 12,709 7 72 Building permits, Jess federal contracts S 32,250 21 207 Bank debits (thousands) . ..... ..... S 13,621 25 26 EDNA (pop. 5,038) End--0f-month deposits t housands)t.. S Annual rate of deposit turnover 11,51 14.4 20 13 12 Postal receipts• .. . ........ . . . . ... . . $ 5,764 29 5 Building permits, less federal contracts $ Bank debits (thousands) ............ $ End--0f-month deposits (thousands)t . . $ Annual rate of deposit turnover .... . . 9,768 8,046 6,586 14.7 61 81 •• GRA ' B RY (pop. 2,227) P os al receipts• . . . . . . . . . . . . . . . . . . . . S Bank debits (thousands) .... . ....... S End--0f-month deposits (thousands)t .. S 4,316 2,734 3,427 25 11 3 1 23 27 Annual rate of deposit turnover ..... . 9.7 7 4 FORT STOCKTON (pop. 6,373) GREE.i""1VILLE (pop. 22,134 ') Postal receipts• ................... . $ 34,011 17 3 Postal receipts• . ..... . .... . . ....... $ 8,642 35 45 Building permits, less federal contracts S 2 ,6 7 24 37 Building permits, Jess federal contracts $ Bank debits (thousands ) .... . ..... . $ 94,300 9,825 80 391 27 Bank debits (thousands) .. . . ..... .. $ End--0f-month deposits (thousands)t .. S 37,130 23,629 17.. 26 34 End-of-month deposits (thousands ) t .. $ 8,217 14 Annual rate of deposit turnover ... . . 1 .9 9 5 Annual rate of dep:>sit turnover .. . . . 14.1 6 Nonfarm placements ...... . ....... . 161 31 45 HALLETTSVILLE (pop. 2,808) FREDERICKSBURG (pop. 4,629) Building permits, less federal contracts S 9,650 54 31 Postal receipts• . . . . . . . . . . . . . . . . . . . . $ Bank debits (thousands) ... .. ....... $ End--0f-month deposits (thousa nds)t .. $ 11,029 12, 57 10,639 5 23 2 42 1 2 Bank debits (thousands) .. ... . . . . .. $ End-of-month deposits thousands)t .. $ Annual rate of devosit turnover.. . .. . 3,637 6,563 6.7 9 2 10 9 Annual rate of deposit turnover .. ... 14.7 20 4 HALLSVILLE (pop. 684) Bank debits (thousands) ... ....... .. $ 3 End-of-month devosits (thousands)t .. $ 1,545 29 FRIONA ( pop. 3,049 ') Annual rate of de1>05it turnover .. ... . 7.7 4 Building permits, less federal contracts $ Bank debits (thousands) ........... $ 50,500 13,108 55 44 121 44 HASKELL (pop. 4,016) End-of-month devosits (thousands)t .. $ 5,323 29 Building permits, less federal contracts S 22,150 2 62 Annual rate of deposit turnover ... .. 28.8 54 13 Bank debits (thousands) ... .. ...... S 5,133 3 47 End--0f-month deposits (thousands)t .. $ 4, 60 6 Annual rate of deposit turnover ..... . 12.3 2 35 GATESVILLE (pop. 4,626) HENDERSON (pop. 9,666) Postal receipts• ........ . . . ......... $ 7,0 5 31 32 Postal receipts• ................. ... $ 14,991 29 3 Bank debits (thousands) ... . . . ..... $ 8,182 14 8 Building permits, less federal contracts $ 30,500 3 1 End--0f-month devosits (thousands)t .. $ Annual rate of deposit turnover ..... 7,436 13.1 2 14 4 2 Bank debits (thousands) ........... $ End-of-month devosits (thousands)t .. $ 15,059 17,150 20 9 14 Annual rate of devosit turnover ..... 10.9 12 For an explanation of symbols seep. 266. Percent change Percent change Local Business Conditions Local Busin~ss Conditions City and item Jul 1968 Jul1968 from Jun 1968 Jul1968 from Jul 1967 City and item Jul 1968 Jul1968 from Jun 1968 J ul 1968 from Jul 1967 HEREFORD (pop. 9,584 ') Postal receipts• . . .. .. .. .. ..... . .... $ Building permits, Jess federal contracts $ Bank debits (thousands) ... .. . .. ... . $ End-of-month deposits (thousands)t . . $ 21,365 303,100 35,390 15,392 23 9 32 10 10 ~2 10 KIRBYVILLE (pop. 2,021 ') Postal receipts• ....... . .......... .. $ Bank debits (thousands) . ..... .. . . . $ End-of-month deposits (thousands)+ •. $ Annual rate of deposit turnover . .... 4,524 2,702 4,523 7.3 28 11 4 19 12 10 3 Annual rate of deposit turnover . .... HUNTSVILLE (pop. 11,999) Postal receipts• . . . . .... ... ...... .. Building permits, less federal contracts Bank debits (thousands ) .. .... .... .. $ $ $ 28.9 17,098 536,500 19,836 27 43 6 7 38 -11 124 16 LAMESA (pop. 12,438) Postal receipts• .......... .......... $ Building permits, less federal contracts $ Bank debits (thousands ) ... . . . ...... $ End-of-month deposits (thousands)t .. $ 14,106 7,100 16,373 14,380 14 90 22 3 1 83 30 Encl.-o!-mont h deposits (thousands )t .. $ 13,952 26 Annual rate of deposit turnover .... . . 13.5 27 36 Annual rate of deposit turnover. 17.0 5 4 Nonfarm placements . .. . .......... . 85 49 12 JACKSONVILLE (pop. 10,509 ' ) Postal receipts• ... .. ........ . $ 26,523 46 LAMPASAS (pop. 5,670 ') Building permits, less federal contracts $ 1,648,000 Postal receipts• .. . ....... . . ........ $ 7,513 4 25 Bank debits (thousands) .. . $ 18,802 2 Bank debits (thousands) . . ........ . $ 9,737 9 End-of-month deposits (thousands)t. $ 12,534 2 End-of-month deposits (thousands)+ .. $ 8,231 12 Annual rate of deposit turnover. 18.2 3 7 Annual rate of deposit turnover ..... 14.3 10 6 JASPER (pop. 5,120 ') Postal receipts• . . . . . . . . . . . . . . . . . . . . $ Building pe~mits, Jess federal contracts $ Bank debits (thousands) ............ $ End-of-month deposits (thousands)t .. Annual rate of deposit turnover 14,371 23,360 17,491 9,702 21.6 8 40 30 1 26 26 37 33 13 16 LEVELLAND (pop. 12,117 ') Postal receipts• ... . ..... . ..... . .... $ Building pe,rmits, less federal contracts $ Bank debits (thousands) .. .. ...... .. $ End-of-month deposits (thousands)t . . $ Annual rate of deposit turnover. .. .. 18,177 97,950 14,981 12,181 15.8 10 22 25 15 21 79 303 27 15 J UNCTION (pop. 2,441) Building permits, less federal contracts Bank debits (thousands) .... ........ $ End-of-month deposits (thousands)t . . $ Annual rate of deposit turnover .. . J USTIN (pop. 622) 3,500 2,789 4,099 8.2 27 14.. 15 18 18 LITTLEFIELD (pop. 7,236) Postal receipts• . ............. . . ... . Building permits, less federal contracts $ Bank debits (thousands) . ........... $ End-of-month deposits (thousands)+ . . $ Annua l rate of deposit turnover ..... 9,547 2,500 10,844 9,638 13.9 10 67 31 6 28 29 55 35 25 16 Postal receipts* . . . . .......... Building permits, less federal contracts Bank debits (thousands) . .... End-of-m onth deposits (thousands)+ .. Annual rate of deposit turnover. $ $ $ 904 40,000 931 937 12.2 51.. 32 4 37 -17 1 7 LLANO (pop. 2,656) Postal receipts• .... .. .. .... ..... . .. $ Building permits, less federa i contracts $ Bank debits (thousands) ..... . .. ... . $ 3,380 15,800 5,776 -37 111 3 - 5 17 KARNES CITY (pop. 2,693) Building permits, less federal contracts 75,800 975 151 End-of-month deposits (thousands)t .. $ Annual rate of deposit turnover. 4,927 14.7 2 20 Bank debits (thousands) . . .... ..... . End-of-month deposits (thousands)+ .. 4,161 4,179 4 6 LOCKHART (pop. 6,084) Annual rate of deposit turnover. 11.7 Postal receipts• .... . ... . ........... $ 5,303 32 KILGORE (pop. 10,092) Postal receipts• Building permits, less federal contracts $ 17,930 126,920 16 49 142 Bank debits (thousands) ...... . . . ... $ End-of-month deposits (thousands)+ .. Annual rate of deposit turnover . .... 6,922 7,488 11.1 13 •• 13 Bank debits (thousands) ........ .. .. $ End-of-month deposits (thousands)+ .. $ Annual ra te of deposit turnover .. . .. . 16,149 13,733 14.2 23 1 20 17 4 9 LONGVIEW (pop. 52,242 ') Retail sa les .......... . .. .... ... .. . . lt 11 24 Nonform employment (area) c . . . 34,400 1 4 Post al receipts• . .. .. . ........ . .. . .. $ 75,314 21 20 Ma nufacturing employment (area) c 9,930 3 14 Building permits, less federal contracts $ 636,500 58 23 Percent unemployed (area) c 2.7 21 13 Nonfarm employment (area) c .... . . 34,400 KILLEEN (pop. 34,000 ') Postal receipts• 52,569 -16 2 Ma nufacturing employment (area) c Percent unemployed (area) c ... ... . . 9,930 2.7 21 14 13 Building permits, less f ederal contracts Bank debits (thousands) . . .. ....... . End-of-month deposits (thousands)+. Annual rate of deposit turnover. 2,141,215 21,4 32 14,096 19.6 151 10 17 2 415 15 15 5 LUFKIN (pop. 20,756 ') Postal receipts• . . ............ . .... . Building permits, Jess federal contracts $ Nonfarm placements . . .. . ..... . .. . . 36,087 340,794 62 25 84 24 16 167 KINGSLAND (pop. 150) Bank debits (thousands) $ 2,511 -12 9 McCAMEY (pop. 3,350 ') End-of-month deposits (thousands )+ .. $ 1,617 4 11 Postal receipts• . ............ ... ... . $ 3,636 18 24 Annual rate of deposit turnover.. .. . 19.0 10 Bank debits (thousands) .... . ...... . $ 2,147 15 7 KINGSVILLE (pop. 25,297) P ostal receipts• ... 23,203 15 21 End-of-month deposits (thousands)t .. $ Annual rate of deposit turnover.... . 1,902 14.4 14 10 8 13 Building permits, less federa l contract $ 129,870 86 23 Bank debits (thousand•) ..... . . . ... End-of-month depos its (thousands)+ .. Annual rate of deposit turnover. $ $ 19,251 18,413 12.5 26 1 24 3 14 7 MARBLE FALLS (pop. 2,161) Bank debits (thousands) . ..... . ..... $ End-of-month deposits (thousands)t .. $ 3,464 3,027 18 5 22 12 For a n expla nation of symbols see p. 266. Annual rate of deposit turnover ..... . 14.1 13 Local Business Conditions Percent change Local Business Conditions Percent change Jul 1968 Jul1968 Jul 1968 J ul 196 J u l from from J ul from from City and item 1968 Jun 1968 J ul 1967 City and item 1968 J un 1968 J ul 1967 MARSHALL (pop. 25,715 ') PAMPA (pop. 24,664) Postal receipts• . . . . . . . . . . . . . . . $ 35,579 -19 31 Retail sales .... . .... ...... . .... ... . 1t 2 22 Building permits, less federal contracts $ 562,543 112 3 Postal receipts• . . . . . . . . . . . . . $ 31,752 17 Bank debits (thousands) ........... $ End-of-month deposits (thousands)t .. $ 28,142 29,424 21 3 6 10 Bank debits (thousands) ..... . ..... $ End-of-month deposits (thousandsH .. S 33,64 21,5 2 29.. 21 Annual rate of deposit turnover .. . . . . 11.3 19 6 Annual rate of deposit turnover .. .. . 1 . 7 26 15 Nonfarm placements ...... . . ......• 372 11 16 Nonfarm placements . ......... . . . . . 125 41 39 MINERAL WELLS (pop. 11,053) PARIS (pop. 20,977) Postal receipts• ..... . . . . .... . .... . . s Building permits, less federal contracts $ Ba nk debits (thousands) $ 29,962 350,775 29,746 9 47 15 26 166 30 Postal receipts• . . . . . . . . . . . . . . . $ Building permits, less federal con tracts S Nonfarm placements .. .. .......... . 31,533 151,032 200 13 21 50 33 End-of-month deposits (thousands)t . . $ Annual rate of deposit turnover. 18,595 20.4 13 22 13 PECOS (pop. 12,728) Nonfarm placements .. . . . ..... . . . 155 25 55 Postal receipts• . . . . . . . . . . . . . $ 13,207 17 Bank debits (thousands) .. .......... $ 15,7 2 12 34 MON A HANS (pop. 9,252 ') Postal receipts• . . . .. .. . ... . . ..... .. $ 10,698 19 .. End-of-month deposits (thousa nds)t .. S Annual rate of deposit turnover ... . . Nonfarm placements . ..... . .. . .. .. . 10,104 1 .3 104 5 13 16 6 27 2 Building permits, less federal contracts $ 19,500 64 53 Bank debits (thousands) ... . .. . ..... $ End-of-month deposits· (thousands)t .. $ Annual rate of deposit turnover . ... . . 12,081 7,284 20.1 16 2 16 12 4 16 PLAINVIEW (pop. 23,703 ') Postal receipts• ...... . ..... .. .... . . $ Building permits, less federal contracts ~ 26,215 57,600 2 96 10 6 Bank debits (thousands) .. ......... $ 4 ,551 10 15 MOUNT PLEASANT (pop. 8,027) End-of-month deposits (thousands)t . . $ 25,4 5 2 7 Postal receipts• ........... . ........ $ Building permits, less federal contracts $ 12,226 180,500 19 69 61 471 Annual rate of deposit turnover . Nonfarm place·ments .. .. .... . . 23.1 224 12 17 17 Ba nk debits (thousands) .. . ..... .. . . $ End-of-month deposits (thousands)t . . $ Annuat rate of deposit turnover.. .. . 18,013 9,851 22.1 16 2 12 24 4 21 PLEASA TON (pop. 5,053 ') Building permits, less federal contracts S Bank debits (thousands) .......... . $ 32,050 5,61 26 57 32 MUENSTER (pop. 1,190) End-of-month deposits (thousandsH .. $ Annual rate of deposit turnover . 4,302 16.0 25 14 21 Postal receipts• . . .. . . .............. $ 2,080 -53 33 Building permits, less federal contracts $ 0 QUANAH (pop. 4,564) Bank debits (thousands) .... .... . . . $ End-of-month deposits (thousands) t .. 4,058 2,590 .. 18 6 Postal receipts• .... .. .. . ....... .. .. $ Building permits, less federal contracts $ 4,623 0 32 Annual rate of deposit turnover ... .. . 18.8 7 8 Bank debits (thousands) ..... . .. .. . S 6,353 12 41 End-of-month deposits (thousands)t. $ 5,90 An nual rate of deposit turnover .. . . 12.4 11 31 MULESHOE (pop. 3,871) Bank debits (thousands) . . . . . . . . . $ End-of-mont h deposits (thousands )t . . $ Annual rate of deposit turnover ..... 11,096 7,541 18.3 30 7 28 12 20 42 RAYMO DVILLE (pop. 9,385) Postal receipts• .... . ... . ... .. .. .... S Building permits, less federal contracts $ Bank debits (thousa nds) .......... . . S 7,503 3 ,300 11,255 21 272 2 End-of-month deposits t housands)t .. $ 10, 774 15 NACOGDOCHES (pop. 15,450 r) Postal receipts• . . . . . $ 17,286 47 23 Annual rate of deposit turnover..... N onfarm placements ..... ... . . . 13.0 42 51 44 6 Building permits, less federal c~ntracts Bank debits (t housands) . . ... . .... .. $ $ 139,250 26,878 91 4 24 13 REFUGIO (pop. 4,944) End-of-month deposits (thousands)t . . $ 29,093 3 16 Postal receipts• ...... . . . . . .. .. . . $ 4,465 - 39 19 Annual rate of deposit turnover .... . 11.3 3 28 Building p~rmits, less federal contracts $ 2,000 7 Nonfarm placements 72 12 41 Bank debits (thousands) ... ..... ... . $ End-of-month deposits (thousa nds); . . $ 4,299 ,541 11 2 19 Annual rate of deposit turnover . .... 6.0 13 17 OLNEY (pop. 4,200 ') Building permits, less feder a l contracts $ 800 89 84 ROCKDALE (pop. 4,481) Bank debits (t housands) . .... . ...... $ 6,734 4 12 Postal receipts• .. .. .. .. . . . .... . .... $ 5,173 30 End-of-month deposits (thousands)t . . $ 5,442 18 2 Bank debits (thousands) .... . ... . .. . $ 5. 773 9 Annual rate of deposit turnover .. . . . . 13.4 4 End-of-month deposits (thousands); .. S 5,097 Annual rate of depasit turnover.... . 13.5 PALESTINE (pop. 13,974) Postal receipts• ..... . ............ . $ 17,581 Building permits, Jess federal contracts $ 1,263,407 Bank debits (thousands) ..... . .... . . $ 17,367 End-of-month deposits (thousands)t .. $ 17,188 Annual rate of deposit turnover . .. . . 12.0 -29 23 3 28 26 4 22 SAN MARCOS (pop. 12,713) Postal r eceipts• ................ . ... $ B!lilding permits, less federal contracts $ Bank debits (thousands) ........... $ End-of-month deposits (thousands)t .. $ Annual rate of de·posit turnover ..... . 1 ,697 447, 743 1 ,21 13,962 15.9 -22 244 19 3 14 15 44 13 11 3 For an expla nation of sym bols see p. 266. Percent change Percent change Local Business Conditions Local Business Conditions City and item Jul 1968 Jul 1968 from Jun 1968 Jul 1968 from J ul 1967 City and item J ul 1968 Jull968 f rom Jun 1968 Jul 1968 from J ul 1967 SAN SABA (pop. 2,728) TAYLOR (pop. 9,434) Postal receipts• ......... ...... ..... $ 11,142 27 11 Postal receipts• . . . .. $ 4,083 5 4 Building permits, less federal contracts $ 105,000 94 437Building permits. less federal contracts $ 9,100 54 84 Bank debits (thousands) . . ......... $ 11,703 18 10 Bank debits (thousands) .... ...... . . $ 6,822 13 8nd-of-month deposits (thousands) t .. $ 21,042 108nd-of-month deposits (thousands) t .. 6,21 9 12 . .. Annual rate of deposib turnover ..... 6.8 15 19Annual rate of deposit turnover. 13.4 Nonfarm placements .. ... .... . . .. . . 26 26 SILSBEE (pop. 6,277) TEMPLE (pop. 34,730 ') Bank debits (thousands) ... 9,801 15 84 8nd-of-month deposits (thousands)t .. $ 9,510 2 46 Retail sales 1t Annual rate of deposit turnover ..... 12.5 20 28 Furniture and household appliance stores .. .... ... .. .. . . . It 13 11 Posta l receipts• ...... .. ...... . .. . .. $ 55,045 8 SMITHVILLE (pop. 2,933) Building permits, less federal contracts $ 329,805 14 25 Postal receipts• ..... 3,589 24 s Bank debits (thousands) .. . . .. ... ... $ 5,357 15 17 Building permits, less federal contracts $ 543,500 555 Nonfarm placements ....... ....... . 256 14 4 Bank debits (thousands) S 2,027 13 20 8nd-of-month deposits (thousands )t . 2,812 5 11 Annual rate of deposit turnover ... 8.8 10 26 UVALDE (pop. 10,293) Postal receipts• . . . .... .......... ... $ 14,306 27 36 SNYDER (pop. 13,850) Bank debits (thousands) .. . . ...... . $ I ,510 11 20 8nd-of-month deposits (thousands)t .. $ 10, 49 4 7 Building permits, less federal contracts 55,500 149 31 Annual ra te of deposit turnover. 20.9 7 13 Bank debits (thousands) .. . 13,201 9 9 8nd-of-month deposits (thousands)t .. $ 17,606 3 4 Annual rate of deposit turnover .. . 9.2 14 VERNON (pop. 12,141) Postal receipts• . . . . . . . . . . . . . $ 13,805 34 17 SO ORA (pop. 2,619) Building perm its, less federal contracts S 30,759 86 88 Bank debits {thousanas) 3,743 33 11 Bank debits (thousands) ... . . . .... . $ 20,649 9 25 8nd-of-month deposits {thousands) t .. 4,723 7 14 End-of-month deposits (thousands) t .. 23,955 13 Annual rate of deposit turnover ... . . 9.8 26 3 Annual rate of deposit turnover .... . IO.I 10 10 Nonfarm placements . ... . .... . . . . . . 89 44 41 STEPHENVILLE (pop. 7359) Postal receipts• ................ S 11,531 15 12 VICTORIA (pop. 33,047) Building permits, less federal contracts $ 163,500 69 81 .. Retail sales .. . I t Bank debits (thousands) $ 12,233 8 16 Automotive stores . ........ . 7" 21 Postal receipts• . . ..... ..... ........ $ 8nd-of-month deposits (thousands)t .. $ 10,920 4 54,379 18 Annual rate of deposit turnover .... . 13.3 4 8 Building permits, less federal contracts $ 549,105 62 Bank debits (thousa nds) .......... . $ 83,836 15 8nd-of-month deposits (thousandsH .. S 100,502 5 STRATFORD (pop. 1,380) Annual rate of deposit turnover. 10.2 11 Postal receipts• . . . $ 4,286 85 Nonfarm placements .. ......... ... . 427 16 Building permits, less federal contracts $ Bank debits (thousands) 12,019 3 24 8nd-of-month deposits {thousands)t . . 5,456 WEATHERFORD (pop. 9,759) .. 4 Annual rate of deposit turnover ... .. 26.9 30 Postal receipts• ............ .... .... S 14,160 25 32 Building permits, less foederal contracts $ 20,450 6 63 8nd-<>f-month deposits (thousandsH .. $ 17,738 SULPHUR SPRINGS (pop. 9,160) Postal receipts• ..... ... ...... . 22,586 Bank debits (thousands) 22,765 22 18 LOWER RIO GRANDE VALLEY 8nd-of-month deposits {thousands)t .. $ 17,104 2 8 (Cameron, Willacy, and Hidalgo; pop. 335,450 •) Annual rate of deposit turnover .. . . . 16.! 20 II Retail sales ............... . ... . .. . 1t 2 13 Apparel stores ......... ......... . 2t 4 SWEETWATER (pop. 13,914) 20 Automotive stores ... ............ . 7t Postal receipts• ..... ...... ...... .. . 19,118 -11 Drugstores ................ .. ....• 2t Building permits, less federal contracts $ 39,100 208 205 Eating and drinking places . . . . . . ••t 7 12 Ba nk debits (thousands) ............ $ 15,812 35 26 Food stores 7t 2 2 8nd-of-month deposits (thousands)t.. 11,292 18 Furniture and household-Annual rate of deposit turnover ..... . 17.3 27 12 appliance stores ........ .... ... . It 18 IO Nonfarm placements .. ......... ... . 126 32 10 Gasoline and service stations ..... . 31 General·merchandise stores ......•. 91 37 47 Lumber, building-material, TAHOKA (pop. 3,012) and hardware dealers .. ........ . I t 9 34 Building permits, less federal contracts S 22,700 Postal receipts ..................... . 18 17 Bank debits (thousands) . . . . . . . $ 3,754 22 Buil:ling permits, less federal contracts 29 75 End-of-month deposits (thousands)t. 5,771 Bank debits (thousands) ....... ... . 13 11 Annual rate of deposit turnover ... .. 7.6 29 8nd-of-month deposits (thousands)t .. I Annual rate of deposit turnover .. . . 18.8 13 6 For an explanation of symbols see p. 266. 280 TEXAS BUSINESS REVIEW ~ROMETERS OF TEXAS BUSINESS (All figures are for Texas unless otherwise indicated.) ~11 indexes ar~ based on the average months for 1957-1959 except where other specification is made; all except annual indexes are adJuste~ ~or ~easonal va~iatio~ unless otherwise noted. Employment estimates are compiled by the Texas Employment Con:m1ss1on m cooperation with the Bureau of Labor Statistics of the U.S. Department of Labor. The sym­bols used below impose qualifications as indicated here: *-preliminary data subject to revision; r-revised data ; # ­dollar totals for the calendar year to date; §-dollar totals for the fiscal year to date; t--employment data for wage and salary workers only. Year-1<>-date average Jul Jun Jul 1968 1968 1967 1968 1967 GENERAL BUSINESS ACTIVITY Texas business activity to i:'J q :i:: .., c::: UJ i:'J q .., ;:d ~ q H trj .z .., z > z ~ < c::: t'J i:'J :>< ~ i:'J 0 UJ 0 q > 'rj UJ i:'J ::i UJ -0 >< .., to 00 i:'J ;::'! 0 c::: >tj U1 0 "' .., ...... i:'J z :>< trj > U1 UJ U1 ;:d trj U1 trj > ;:d 0 ~ CONSTRUCTION AUTHORIZED IN TEXAS CITIES 1961-1965 Realizing that construction is one of the basic industries in any economy, and that accurate building information is in great demand, the Bureau of Business Research at The Uni­versity of Texas at Austin has instituted a series of volumes presenting collected data for this segment of industry by groups of years. The first issue was published in 1964 for the decade 1950-1960; the present volume covers a five-year period bringing the presentation of data up from 1960 through 1965. Failure of construction to keep pace with the need for housing, commercial buildings, office space, and manufacturing plants leads to overcrowding and inefficiency of physical arrangement of plants and stores. A prolonged shortage of building space can hamper economic growth. Although building permits do not represent construction put in place, a close relationship exists between value of permits and volume of construction. Data are included on all reporting localities for residential and nonresidential permits, as well as for additions, alterations, and repairs. Data are given under the residential category for the value of permits in current dollars, the number of buildings, and the number of dwelling units. This series of reference works provides a permanent record of this segment of the Texas economy. Current data are to be found in the monthly report Building Construction in Texas, published by the Bureau. The data in this volume, as well as that in the monthly report, are collected in cooperation with the Division of Construction Statistics, Bureau of the Census, U.S. Department of Commerce. BUREAU OF BUSINESS RESEARCH THE UNIVERSITY OF TEXAS AT AUSTIN 636 pp. $3.50 (Texas residents add 4-percent sales tax)