january 1969 



exas 
us1ness 
rev1e 



A Monthly Summary of Business and Economic Conditions in Texas 
Bureau of Business Research The l1nhersity of Texas at Austin 

T ExAs B u s INEs s REv I E w v0 L. xL II I, N 0. 1, JAN uAR y 1969 
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 
1: THE BUSINESS SITUATION IN TEXAS, by John R. Stockton 
4: 	POPULATION ESTIMATES FOR TEXAS COUNTIES, APRIL 1, 1968, by Benjamin S. Bradshaw 
12: 	TEXAS CONSTRUCTION, NOVEMBER 1968, by Dennis w. Cooper 
TABLES 
2; SELECTED BAROMETERS OF TEXAS BUSINESS 
2: POSTAL RECEIPTS, SELECTED TEXAS CITIES 
3: 	BUSINESS-ACTIVITY INDEXES FOR 20 SELECTED CITIES 
5: 	ESTIMATES OF POPULATION FOR TEXAS COUNTIES, APRIL 1, 1968, WITH ESTIMATED AVERAGE ANNUAL CHANGE SINCE APRIL 1, 1960 
7: 	POPULATION OF STANDARD METROPOLITAN STATISTICAL AREAS AND CONSTITUENT COUNTIES, 1968 AND 1960, AS DEFINED MAY 1, 1967 
8: 	DISTRIBUTION OF TEXAS COUNTIES ACCORDING TO AVERAGE ANNUAL PERCENT CHANGE OF POPULATION , 1960­1968 
12: 	ESTIMATED VALUES OF BUILDING AUTHORIZED IN TEXAS 
13: 	RESIDENTIAL BUILDING AUTHORIZED IN STANDARD METRO­POLITAN STATISTICAL AREAS, JANUARY-NOVEMBER 1968 
14: 	LOCAL BUSINESS CONDITIONS BAROMETERS OF TEXAS BUSINESS (inside back cover) 
CHARTS 
1 : TEXAS BUSINESS ACTIVITY 
3: 	
PRICES RECEIVED BY FARMERS 

3: 
CRUDE-OIL RUNS TO STILLS, TEXAS 

3: 
CRUDE-OIL PRODUCTION, TEXAS 

3: 	
INDUSTRIAL PRODUCTION , TEXAS 

3: 	
INDUSTRIAL ELECTRIC-POWER USE, TEXAS 


9: THE BUSINESS SITUATION IN TWENTY TEXAS CITIES 
12: 	TOTAL BUILDING AUTHORIZED IN TEXAS 
12 : 	RESIDENTIAL BUILDING AUTHORIZED IN TEXAS .. 
12: 	NONRESIDENTIAL BUILDING AUTHORIZED IN TEXAS 
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: Margaret Robb 
Research Associates: Charles 0. Bettinger, Cynthia Bet­tinger, Michael Bonine, Graham Blackstock, Dennis W. Cooper, Willetta Dement, William Gruben, James Har­rison, Letitia Hitz, Ida M. Lambeth, Robert M. Lockwood, Robert H. Ryan, Lamar Smith, Jr., Tim Throckmorton 
Research Assistants: David Baylor, Charles Green, Thomas Hicks, Terry Throckmorton Statistical Assistants: Mildred Anderson, Constance Cool­edge, Judith Moran, Glenda Riley Statistical Technicians: Doris Dismuke, Mary Gorham Cartographers: Penelope Lewis, Douglas Winters, Jr. Librarian: Merle Danz Administrative Secretary: Ellen Young 
Senior Secretaries: Carolyn Harris, Binnie McCreary, Jeanette Pryor Senior Clerk Typists: Carolyn Langston, Shirley Rosendahl Administrati.ve Clerk: Nita Teeters Senior Clerk: Salvador B. Macias Clerks: Nancy Crossland, James Donaho, David King Off set 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 publi· cation is not copyri11:hted and may be reproduced freely, but acknow­ledEment of source will be appreciated. The views expressed by authon are not necessarily those of the Bureau of Business Research. SubecriP­tion. $3.00 a year: individual copies. 26 cents. 

THE BUSINESS SITUATION IN TEXAS 

John R. Stockton 
Business activity in Texas during November continued to reflect the boom that characterizes business all over the nation. The index of business activity compiled from data on bank debits reported by the Federal Reserve Bank of Dallas was 223.6 percent of the 1957-1959 base, a decline of 9 percent from the all-time record level of October. The level of the index, however, is still so high that it indicates an unprecedented volume of business in Texas. It was al­most inevitable that the extremely sharp rise in the index in October would be followed by some correction in Novem­ber. Even with this decline, the average of the two months, 234.6, is above the level for every month except July 1968, which was the record high at that time. 
The increase in Texas business was paced by a booming construction industry. After adjustment for seasonal varia­tion the index of construction authorized by permits in November rose 9 percent from October. The November in­dex was 228.9 percent of the 1957-1959 base, the highest level on record for this business indicator. It was 12 per­cent above the November 1967 index, and the first eleven months of 1968 were 10 percent ahead of the same period last year. 
The record level of the construction industry in 1968 is due more to residential construction than to nonresidential, although the latter has shown the greatest gain over the last ten years. The level of nonresidential construction was 
247.9 percent of the 1957 base, but the year-to-date volume for 1968 is below the level of the same period last year by 10 percent. 
The revival of residential construction from its 1966 slump has been one of the major factors in the high level of Texas business during both 1967 and 1968. In the three years 1964, 1965, and 1966 the value of residential building permits issued declined, but 1967 was 35 percent above the previous year and the first eleven months of 1968 have risen 28 percent over the same period last year. This gro-wth is particularly significant in that it occurred de­spite increasingly high interest rates during these two years. The impact of such a large volume of construction on Texas business can hardly be overestimated. In the first eleven months of 1968 housing valued at $992 million was authorized. The value of total construction authorizerl dur­ing these eleven months was $1,970 million. 
Spending by consumers at retail stores in November also contributed substantial support to the level of business activity in the state, and all the forecasts indicate that the volume of Christmas sales will set a new record. Total retail sales in November are estimated to have been $1,671 million, an increase of 4 percent from October after adjust­ment for seasonal variation, and of 7 percent over Novem­ber 1967. For the first eleven months of 1968 sales were 10 percent ahead of the retail volume during the same period last year. 
Durable-goods stores report that in 1968 to date sales are 17 percent ahead of the first eleven months of 1967. Sales of motor-vehicle dealers are up 18 percent, furniture and appliance stores up 12 percent, and lumber, building­material, and hardware stores up 19 percent. 
Nondurable-goods sales show an increase of 7 percent, with the increases in the various kinds of business ranging from 3 percent in food stores to 14 percent in men's and boys' clothing stores and in full-line general merchandise stores. 
No monthly estimates of personal income are made for Texas, but the Department of Commerce data for the United States indicate for November a rise of $3.5 billion 

TEXAS BUSINESS ACTIVITY 

lndez Adjusted for Seasonal Variation-1951-1959•100 

JANUARY 1969 
250 200 150 100 50 
0 
------1 

SELECTED BAROMETERS OF TF.XAS BUSINESS (lnd1 -AdJu:ted for seasonal varia i in 1957-1. -100 
Percent change Year-to-dat.e 
average 
Year-to-dat.e Nov 1968 1968 

Nov Oct average from from Index 1968 1968 1968 Oct 1968 1967 
Texas business activity 223.6 245.5 217.8 9 13 Crude-petroleum production .. ........107.4* 108.3* 113.0 1 Crude-oil runs to stills 125.3 129.2 131.5 3 Total electric-power 
10
use .... . . . ...........235.7* 229.5* 225.7 


Industrial electric-power 
9 Bank debits . ........ . . 244.9 267.9 236.6 
use .......... . .... ...215.4* 205.8* 202.1 

16 
Sales of ordinary life 
insurance .... . .......242.9 264.6 225.2 

15 
Building construction 
9 10authorized ... . . .. . .. 228.9 209.6 177.0 
28New residential ... . ..201.8 182.0 157.9 11 -
New nonresidential ....247.9 253.0 203.8 -2 10 
Miscellaneous freight 
carloadings in S.W. 
District .. .. ... ....... 88.5 87.4 85.2 

Total nonfarm 
employment .........140.7* 140.0* 138.2 

Manufacturing 
..
employment .........145.7* 145.8* 144.3 
Total unemployment . ... 79.1 67.8 71.8 

17 
Insured unemployment .. 41.1 42.6 41.5 -4 -15 

Average weekly earnings­
8manufacturing .. . .....141.8* 141.5* 138.6 •• 
Average weekly hours-
manufacturing ..... . 100.6* 101.0* 101.0 •• •• 
* Preliminary. 
•• Change is less than one half of 1 percent. 

to an annual rate of $707 billion. This level represents a record quarterly high, although the rate of increase was not so great as in the third quarter of 1968. Although there are no comparable data for Texas, the information avail­able on wage payments indicates that income in the state is maintaining at least as high a rate of growth as that for the nation. The rapid increase in individual income seems to have been effective in nullifying so far the reduction in disposable income resulting from the tax increase earlier in the year. The reduction in the extremely high saving rate prevailing earlier in the year is also reflected in increased consumer spending. 
Industrial production in the United States increased in November for the third consecutive month with a rise in the Federal Reserve index from 165.7 in October to 167.4 in November. This index has increased 5 percent during the past tvvelve months. Industrial power consumption in Texas increased 4 percent in November over October and stood at a level 13 percent higher than that of a year ago. On a national basis new orders for manufactured goods increased 8 percent in October, and preliminary indications are that a further increase occurred in November. 
Capital expenditure plans in the United States are im­portant indicators of changes in Texas business, since Texas business concerns have regularly secured a signifi­cant proportion of the money spent nationally for the expansion of business activity. Surveys of anticipated in­vestment in capital goods indicate that an increase of as much as 4 percent is expected for the fourth quarter of 1968 in comparison with the fourth quarter of 1967. The first quarter of 1968 registered a record expenditure, but this high was followed by a drop of 3 percent for the sec-
POSTAL RECEIPT!:> SELECTED TEXAS CITIES Percent change Oct 19, 1968-Oct 19, 1968· Nov 15, 1968 Nov 15, 1968 
from from 
Octl9, 1968-Sept 21, 1968-Oct 21, 1967­Nov 15, 1968 Oct 18, 1968 Nov 17, 1967 

Alice 24,100 -6 22 
··················· 
17,201 -4 28

Alvin 

·················· 

Ballinger 6,491 •• 22 
·· ············· 

4 10 Carrizo Springs 3,640 -8 
Breckenridge ........... 10,639 

···· ····· 

Carthage 8,802 •• 24
·············· · 
31

Center 10,057
·· ···· ··· ········ 
-12 -1Childress 7,826

··············· 
47

Cleveland 9,317 -14
···· ·········· 

Coleman ............... 6,937 -12 2 Columbus 5,993 2 26
········ ······ 

-19 24 Cuero 10,407 9 32 
Commerce .............. 12,775 

········· ········· 
-15

Dalhart 7,236 13
··· ············· 
Dumas 14,595 40 45
···· ············· 
10

El Campo . . . . . .. . . . . . . . 16,836 
23

Electra 4,250 -19
················· 
-5
Falfurrias 5,492 10
··········· ··· 
Gainesville 22,455 13 35
············· 
Galena Park . . . . . . . . . . . 10,524 Gilmer . . . . . . . . . . . .. . . . . 7,381 -7 15 Grand Prairie 92,923 
63 123
··· ······· 
18
Hale Center . . . . . . .. . . . . 2,690 
16
Hearne 5,194
················· 
8 35
Hempstead 8,465 ­
············· 
6 11 Hurst . . . . . . . . . .. . . . . . . . 22,689 Hillsboro . . . . . . . . . . . . . . . 10,165 
5 15 
Kenedy 5,445 -16 11

················ 
Kermit . . . . . . . .. . . .. . . . . 9,947 9 33 
Kerrville 22,549 -3 26

··············· 
La Grange .... .... ..... 7,071 -3 16 
Lake Jackson . . . . . .. . . . 11,018 -15 20 
Marlin . . . . . . . . . . . . . .. . . 10,020 14 34 
Mathis 3,739 -10 27

················· 
Navasota 6,809 -6 28
······· ··· ·· ·· · 
Perryton . . . . . . . . . . . .. . . 11,828 10 38 
Pittsburg ............... 6,726 7 32 
Plano . . . . . . . . . . . . . .. . . . 19,147 7 47 
Port Lavaca · 14,319 4 11

··········· 
Rusk . . . . . . . . . . . . .. . . . . . 6,524 -17 14 
Seminole .. . . . . . .. . . . . . . 5,212 -27 -6 
Taft 4,287 33 29

··················· 
Texas City ... .......... 36,101 -15 
Wharton ............... 11,307 -17 12 
Winnsboro . . . . . .. . . . . . . 6,229 -24 35 
Yoakum ................ 25,572 14 

24 
•• Change is less than one half of 1 percent.___________ 
ond quarter, after adjustment for seasonal variation. The 
third quarter, however, reversed this direction with an 
increase that brought the level back to that of the first 
quarter. If the fourth cuarter achieves the rate anticipated 
the increase of 4 percent will set a new record. 
All of the evidence indicates that Texas business is 
strong and may be expected to increase in volume. It is 
important, however, to look at the business picture in the 
country as a whole and also at the international situation. 
The changes in the level of business activity in Texas may 
differ somewhat from the changes in the nation, but it is 
very difficult for an area as large as Texas to run very 
long against the trend of national economy. Business is 
improving all over the country, but we are at the same 
time faced with a serious threat of inflation. The unstable 
international monetary situation threatens at any time to 
have a serious impact on the United States. The new ad­
ministration will face the possibility of serious threats 
against the dollar. It is true that the troubles facing 


ITY INDEXES FOR 20 SELECTED TEXAS CITIES fort seasora! variation-1957-'51 = 
Nov* 

Index 1968 Abilene ... . . .. . 137.2 Amarillo . . ......178.5 Austin . ...... . . 338.9 Beaumont .... .. 170.5 Corpus Christi ..156.9 Corsicana ... .... 145.2 Dallas .. ....... . 264.3 El Paso ... .. ...136.2 Fort Worth ....165.7 Galveston .. ....133.9 Houston .... . ...240.9 Laredo . ..... . ..223.8 Lubbock .... .. 166.3 Port Arthur ... . 104.4 San Angelo ....163.1 San Antonio ... . 202.3 Texarkana ..... . 244.7 Tyler .. ......... 165.2 Waco ....... ... . 181. 7 Wichita Falls ..147.7 
* Preliminary. •• Change is less than one half of 1 percent. 
I I
350 JOO 2SO 
200 
ISO 
100 
so 
I I  
I  - ~  !"""'\  ,..,..  I'..,  I  ~  
,,.,_.  ~- ~,...,  rv-•  
I  
I  
I  
I  
I  
I  I  
1955  1956  1957  1951  1959  1960  1961  1962  1963  196A  INS  1966  1967  1961  

OI'E Shaded area• lDdlcale period• o( dacHn• of tocal b\aemeH acDYity tn the United States. SO R.CE U.S. De artment of A ru:ult\.lre. 

France and England have resulted in a flow of capital to the l·nited States, ,,·hich has given this country some re­lief. Ho,ve\·er, the instability of our present position is illustrated by the startling reaction created by the Secre­tary of the Treasury-designate when he made a remark that failed to state unequivocally that the United States would not de,·alue the dollar. It continues to be highly im­portant that inflation be brought under control and that the international balance of !Jayments be improved. 
The action of the Federal Reserve banks in raising the rediscount rate to 5.5 percent indicates the concern of the System over the threat of inflation. It "·ill be important in coming months that inflation be at least slowed do,vn. but that the pressure applied be not so great that it will bring about an increase in unemployment. It has become accepted that one of the primary responsibilities of the federal government is to keep unemployment at a low level with­out bringing about a serious inflation. This is a difficult course to steer. but how well it is done \vill have an im­portant effect on the course rif business in Texas over the coming months. The potential for a continued high level of business is present, and it is to be hoped that it can be maintained \Yithout t oo much inflation. 
PRICES RECEIVED BY FARMERS 
ALL FARM PRODUCTS, TEXAS 

lnd,.a AdJU•ted for S•aaon•I Var,.t1on-19JO.J914=100 
I 
Percent change 
Year-to-date average Year-to-date Nov 1968 1968 
Oct• average 1968 1968 
143.3 134.4 
215.0 190.8 
361.9 272.8 
198.1 188.8 
161.0 
155.7 

162.6 
158.9 


302.9 260.1 
158.7 138.9 
181.4 169.2 
117.3 129.6 
260.9 235.5 
230.9 217.3 
176.7 160.9 
114.6 112.1 
163.7 157.9 
216.0 196.2 
259.1 236.2 
182.6 160.2 
194.7 174.6 
161.4 139.5 
from from Oct 1968 1967 
-4 -2 
-17 -6 -14 -3 
-11 -13 -14 -9 14 8 
-6 -6 -10 
7 -8 13 32 
9 7 17 
5 15 11 13 13 2 1 9 14 11 9 10 6 
J50 300 250 200 150 100 50 

I 
2SO 
200 
ISO 
so 
NOTE; 
1955 NOTE; 

350 
1955 
*M•nu.f1c1u.re1 and m1nerall hnclud1n1 crude-oil and naturat-11• produi::tion) NOTE: Shaded ll'll• ui.dicate per1oda of dedtne of total bU111nea1 act1viiv in the Unated St.tea. SOURCE: Federal Reterve B:ar:r.k of Dallas. 
INDUSTRIAL ELECTRIC-POWER USE, TEXAS 
/ndea Ad.if.l•ted for SHaonal Varlation-JJ51·lf5f•IOO 

3SO JOO 250 200 150 
... 

so 

1955 1956 1957 1951 1959 1960 1961 1962 1963 196• 1965 1966 1967 1961 l'fOTE: Shaded area• 1nd1cate penoda of decline of total bu1ine11 activity 1.n the United Statee. 
CRUDE-OIL RUNS TO STILLS, TEXAS 
Index Adjusted for Seaaona/ Var1i1t1on-lf$1-JIJ,•100 


Shaded area1 1ndiu.te ~node of dechne of total bu.1lnea1 actav1ty l.n tbe United Stat.ea. 
CRUDE-OIL PRODUCTION, TEXAS 


1956 1957 1951 1959 1960 1961 1962 1963 1964 19H 1966 1967 1961 Shaded U'eaa incb.cate period• of decline of total b1uinee1 activity la tbe Uru.ted State•. 
INDUSTRIAL PRODUCTION, TEXAS• 
/ndes Adju1ted tor S•Hon•I Var1atton-1951-1'Jf•IOO 
HO
I 
300 250 
200 
ISO 100 50 
19.56 1957 1951 1959 1960 1961 1962 1963 1964 1965 1966 1'67 1961 


POPULATION ESTIMATES FOR TEXAS COUN APRIL 1, 1968 
Benjamin S. Bradshaw** 


The population of Texas continued to increase moderately between April 1, 1967, and April 1, 1968. The April 1, 1968, population' was approximately 10,945,000-an increase of about 118,000 over the total for 1967. The average rate of increase during the year was 1.1 percent,' somewhat lower than the average annual rate of 1.7 percent for the eight­year period 1960-1968. This modest increase was attribut­able in part to the continued decline in the total number of births-there were only 203,000 births to Texas residents in 1967 compared to 247,000 in 1960-and to the secular increase in deaths, which numbered 86,000 in 1967 but only 77,000 in 1960.' These trends are consistent with those in most other states of the United States. 
Overall, since 1960, the population of Texas has grown only about 14.3 percent. Except for that of California, a 22.3-percent increase, Texas' rate of growth was larger than that for any state having a population of 10 million or more in 1968. Nevertheless, growth of the population in the current decade is decidedly less than in either the 1940's or the 1950's. 
Population growth since 1960 has not been uniform over the state, urban rates being noticeably higher than those for rural areas. The number of persons living in standard metropolitan statistical areas (SMSA's) increased by 18.2 percent, while the nonmetropolitan population-that is, persons living outside SMSA's-grew by only 5.4 percent. As a result of these substantially different growth rates the metropolitan population now comprises 71.4 percent of the Texas population compared with 69.0 percent in 1960. About 88.2 percent of the total population increase in the state since 1960 has occurred in SMSA's. 
Not all SMSA's have shared in the metropolitan popula­
tion growth. Some, such as Abilene and Waco, have re­
mained virtually unchanged. Significant losses have oc­
•Prepared by Population Research Center, Department of Sociology, The U~iversity of Texas at Austin. Comments and inquiries regarding 
the est1matei shou ld be addressed to the Population Research Center. 
••or. Bradshaw is assistant professor of sociology and research asso­

ciate with the Population Research Center at The University of Texas at 
Austin. 1Based on a provisional estimate for July l, 1968, and a final esti­
mate for July l , 1967, presented in United States Bureau of the Census, "Estimates of the Population of States: July 1, 1967 and 1968" 
Current Population Reports, Population Estimates, Series P-25, No. 40,3. 2Most of the rates of change shown in this report are based on the formula for exponential population change: 

1 Pt r=t(logePo) 100 
wh~re .r is the average annual growth rate, p0 is the population at the 
be;pnnmg of the period (1960), Pt is the population at the end of tho period (1968), and t is the number of years in the period (eight, in this 
case). Rates are expressed in percent. 
'Tex.as State Department of Health, "Vital Statistics-Texas, 1966" (A~stm, n.d.). Unpublished births and deaths for 1967 were also made available by the State Department of Health. 

curred in other SMSA's, including Midland, Odessa, Brownsville-Harlingen-San Benito, and McAllen-Pharr­Edinburg. This is a remarkable reversal of past popula­tion growth, particularly for Midland and Odessa, which had increased 162.6 percent and 116.1 percent, respectively, from 1950 to 1960. 
Certain technical aspects of our estimating procedures and deficiencies in the various types of data employed may have caused our estimates for these apparently losing SMSA's to be too low. The trend indicated, however, ap­pears to be correct. Estimates for July 1, 1966, show sub­stantial net out-migration from the counties forming these areas.' 
Over 54 percent of the total 1960-1968 population in­crease in Texas was in the two largest SMSA's, Dallas and Houston. Together, these two areas grew by a total of over 745,000 persons. The percent increase for each of them was about the same (over 29 percent), but Houston's absolute gain of 418,000 was considerably larger than Dallas' growth of 327,000. 
According to our estimates the combined Houston and Galveston-Texas City SMSA's have now passed the 2­million mark, and the combined population of the Dallas and Fort Worth SMSA's is even larger-2,145,000. Almost 38 percent of the population of Texas now resides in these two metropolitan agglomerations. 
Population changes in the nonmetropolitan areas of the state have hardly been more uniform than in the metro­politan portions. As in the past, many counties have lost population in the last eight years. In a number of cases this represents a continuation of a trend begun in the 1950-1960 decade, or even earlier. There were few counties outside SMSA's that experienced really unusual population increases. 
Users of these population estimates should be aware that 

in every case the county estimates are subject to several 
sou.rces of error in the data employed in preparing the 
es~1mates and in the assumptions, implicit or explicit, re­
qmred by the estimating procedures. 
Estimates for very small counties are especially subject 

~o error because relatively minor year-to-year fluctuations 
:n the school-age population, births, and deaths may result 
m exaggerated changes in population estimates. In addition, 
counties with unusual age structures, or large military and 
college populations, or large concentrations of ethnic 
groups having distinctive fertility or migration patterns 
are frequently not amenable to the usual estimating pro­
cedures. 
I.t is suggested that users of Population Research Center e.stimates compare our estimates with those recently pub­lished for counties and standard metropolitan statistical 
'United States Bureau of the Census, "Estimates of the Population of Counties, July 1, 1966" (Report No. 3), Current Population Reports, Povulation Estimates, Series P-25, No. 407. 
TEXAS BUSINESS REVIEW 

Table 1 
EST! IATES OF POPl'LATJON FOR TEXAS COCNTIES, APRIL 1, 1968, WITH 

ST  ATED AVERAGE  ANNUAL CHANGE  SINCE  APRIL 1, 1960  
Population  Change 1960-1968  Population  Change 1960-1968  
County  April 1, 1968 (estimated)  April 1, 1960 (census)  Number  Average annual percent  County  April 1, 1968 (estimated)  April 1, 1960 (census)  Number  Average annual percent  
TE'XAS  10,945.000  9,579.677  1,365,000  1.7  Ector  83,200  90,995  -7,800  -1.1  
Anderson  30,200  28,162  2,000  0.9  Edwards  2,500  2,317  lOu  0.8  
Andrews  9,000  13,450  -4,500  -5.1  Ellis  47,300  43,395  3,900  1.1  
Angelina  46,800  39,814  6,900  2.0  El Paso  343,800  314,070  29,800  1.1  
Aransas  9,600  7,006  2,600  4.0  Erath  18,300  16,236  2,000  1.5  
Archer  6,200  6,110  100  0.2  Falls  19,300  21,263  -2,000  -1.2  
Armstrong  2,100  1,966  200  1.0  Fannin  24,900  23,880  1,000  0.5  
Atascosa  20,600  18,828  1,800  1.1  Fayette  19,000  20,384  -1,300  -0.9  
Austin  14,300  13,777  500  0.5  Fisher  7,600  7,865  -300  -0.5  
Bailey  9,700  9,090  600  0.8  Floyd  12,600  12,369  200  0.2  
Bandera  4,500  3,892  600  1.7  Foard  2,500  3,125  -600  -2.8  
Bastrop  17,000  16,925  100  0.1  Fort Bend  51,300  40,527  10,800  3.0  
Baylor  5,800  5,893  -100  -0.2  Franklin  5,600  5,101  500  1.3  
Bee  23,500  23,755  -300  -0.l  Freestone  11,800  12,525  -700  -0.7  
Bell  120,700  94,097  26,600  3.1  Frio  12,600  10,112  2,500  2.8  
Bexar  802,500  687,151  115,300  1.9  Gaines  12, 700  12,267  400  0.4  
Blanco  3,500  3,657  -200  -0.7  Galveston  168,600  140,364  28,300  2.3  
Borden  1,200  1,076  100  1.0  Garza  5,400  6,611  -1,200  -2.6  
Bosque  11,400  10,809  600  0.7  Gillespie  11,900  10,048  1,900  2.2  
Bowie  71,500  59,971  11,600  2.2  Glasscock  1,200  1,118  100  1.0  
Brazoria  106,000  76,204  29,800  4.1  Goliad  5,000  5,429  -400  -0.9  
Brazos  48,000  44,895  3,100  0.8  Gonzales  17,800  17,845  -0.0  
Brewster  7,000  6,434  600  1.1  Gray  26,100  31,535  -5,500  -2.4  
Briscoe  3,300  3,577  -300  -0.9  Grayson  80,500  73,043  7,500  1.2  
Brooks  9,000  8,609  400  0.6  Gregg  76,600  69,436  7,100  1.2  
Brown  26,000  24,728  1,300  0.6  Grimes  12,200  12,709  -500  -0.6  
Burleson  10,700  11 ,177  -500  -0.5  Guadalupe  34,600  29,017  5,600  2.2  
Burnet  10,100  9,265  900  1.1  Hale  46,100  36,798  9,300  2.8  
Caldwell  17,800  17,222  600  0.4  Hall  6,300  7,322  -1,000  -1.9  
Calhoun  20,200  16,592  3,700  2.5  Hamilton  8,100  8,488  -400  -0.6  
Callahan  9,600  7,929  1,700  2.4  Hansford  7,300  6,208  1,100  2.1  
Cameron  134,900  151,098  -16,200  -1.4  Hardeman  7,500  8,275  -700  -1.2  
Camp  8,200  7,849  300  0.5  Hardin  30,900  24,629  6,300  2.8  
Carson  6,600  7,781  -1.200  -2.l  Harris  1,597,800  1,243,158  354,700  3.1  
Cass  25,300  23,496  1,800  0.9  Harrison  42,400  45,594  -3,100  -0.9  
Castro  11 ,800  8,923  2, 00  3.5  Hartley  2,900  2,171  700  3.4  
Chambers  12,200  10,379  1,800  2.0  Haskell  9,400  11,174  -1,800  -2.2  
Cherokee  34,200  33.120  1,100  0.4  Hays  28,300  19,934  8,400  4.4  
Childress  7,000  8,421  -1,400  -2.3  Hemphill  3,500  3,185  300  1.2  
Clay  8,400  8,351  o.o  Henderson  27,600  21,786  5,900  3.0  
Cochran  6,700  6,417  300  0.5  Hidalgo  177,100  180,904  -3,800  -0.3  
Coke  3,200  3,589  -400  -1.6  Hill  22,800  23,650  -800  -0.5  
Coleman  10,800  12,458  -1,700  -1.8  Hockley  22,300  22,340  -0.0  
Collin  58,700  41,247  17,500  4.4  Hood  5,700  5,443  200  0.5  
Collingsworth  5,500  6,276  -800  -1.7  Hopkins  21,700  18,594  3,100  2.0  
Colorado  18,500  18,463  0.0  Houston  20,900  19,376  1,500  0.9  
Comal  23,200  19,84 4  3,300  1.9  Howard  39,500  40,139  -600  -0.2  
Comanche  13,400  11 ,865  1,500  1.5  Hudspeth  2,600  3,343  -700  -2.9  
Cor.cho  3,400  3,672  -200  -0.9  Hunt  45,800  39,399  6,400  1.9  
Cooke  24,800  22,560  2,200  1.2  Hutchinson  24,400  34,419  -10,000  -4.3  
Coryell  34,700  23,961  10, 700  4.6  Irion  1,100  1,183  -0.3  
Cottle  3,400  4,207  -800  -2.6  Jack  6,600  7,418  -800  -1.5  
Crane  4,200  4.699  -500  -1.4  Jackson  14,100  14,040  100  0.1  
Crockett  4,200  4,209  0.0  Jasper  27,700  22,100  5,600  2.8  
Crosby  12,200  10,347  1,800  2.1  Jeff Davis  1,400  1,582  -100  -1.2  
Culberson  3,900  2,794  1,100  4.3  Jefferson  247,600  245,659  1,900  0.1  
Dallam  6,500  6,302  200  0.5  Jim Hogg  4,800  5,022  -200  -0.5  
Dallas  1,231,000  951,527  279,500  3.2  Jim Wells  31,500  34,548  -3,000  -1.2  
Dawson  17, 700  19,185  -1,500  -1.0  Johnson  44,900  34,720  10,200  3.2  
Deaf Smith  19,200  13,187  6,000  4.7  Jones  19,200  19,299  -100  -0.1  
Delta  5,900  5,860  100  0.2  Karnes  14,200  14,995  -800  -0.7  
Denton  71,100  47,432  23,700  5.1  Kaufman  31,400  29,931  1,500  0.6  
De Witt  19,800  20,683  -900  -0.5  Kendall  6,800  5,889  900  1.7  
Dickens  4,300  4,963  -600  -1.8  Kenedy  700  884  -200  -2.5  
Dimmit  8,300  10,095  -1,800  -2.4  Kent  1,700  1,727  -100  -0.4  
Donley  4,400  4,449  -100  -0.2  Kerr  20,700  16,800  3,900  2.6  
Duval  13,700  13,398  300  0.3  Kimble  4,200  3,943  200  0.7  
Eastland  18,400  19,526  -1,100  -0.7  King  600  640  -100  -1.3  

Change 1960-1968 
Population 
Average
April 1, April 1, 
annual
1968 1960 
Number percent

County (estimated) (census) 
Kinney 
Kleberg 
Knox Lamar 
Lamb 
Lampasas 
La Salle 
Lavaca 
Lee Leon Liberty 
Limestone Lipscomb 
Live Oak 
Llano 

Loving 
Lubbock Lynn McCulloch 
McLennan 
McMullen 
Madison 
Marion 
Martin 
Mason 

Matagorda 
Maverick 
Medina 
Menard 

Midland 
Milam 
Mills 
Mitchell 

Montague 
Montgomery 
Moore 
Morris 

Motley 
Nacogdoches 

Navarro 
Newton 
Nolan 
Nueces 

Ochiltree 
Oldham 

Orange 
Palo Pinto 
Panola 
Parker 
Parmer 
Pecos 

Polk 
Potter 

Presidio 
Rains 

Randall 
Reagan 
Real 
Red River 

Reeves 
Refugio 

Roberts 
Robertson 
Rockwall 

Runnels 
Rusk 
Sabine San Augustine San Jacinto San Patricio 
San Saba Schleicher 
Scurry 
Shackelford 
2,100 
30,900 

6,900 
36,800 
21,100 

8,600 5,600 19,700 8,800 
10.100 35,200 22,000 3,800 7,200 7,100 100 
198,600 9,400 9,800 
148,400 1,200 8,000 7,700 5,100 4,100 31,700 19,800 20,500 2,900 65,200 20,600 4,500 10,800 15,800 46,400 14,200 11,900 2,400 33,800 32,500 11,500 16,800 232,500 10,000 2,500 72,900 26,800 17,400 29,800 11,800 12,000 14,600 119,700 5,900 3,500 57,400 3,400 2,100 16,300 15,300 10,200 
700 14,900 6,600 12,800 34,900 7,800 8,000 7,200 47,200 6,800 2,700 
14,300 3,500 
2,452 30,052 7,857 34,234 21,896 9,418 5,972 20,174 8,949 9,951 31,595 20,413 3,406 7,846 5,240 226 156,271 10,914 8,815 
150,091 1,116 6,749 8,049 5,068 3,780 25,744 14,508 18,904 2,964 67,717 22,263 4,467 11,255 14,893 26,839 14,773 12,576 2,870 28,046 34,423 10,372 18,963 221,573 9,380 1,928 60,357 20,516 16,870 22,880 9,583 11,957 13,861 115,580 5,460 2,993 33,913 3,782 2,079 15,682 17,644 10,975 1,075 16,157 5,878 15,016 36,421 7,302 7,722 6,153 45,021 6,381 2,791 20,369 3,990 
-300 800 -900 2,600 -800 -800 -400 -500 -100 100 3,600 1,600 400 -600 l,800 -100 42,300 -1,500 1,000 -1,700 100 1,200 -300 
300 6,000 5,300 1,600 
-2,500 -1,700 
-400 900 19,500 -600 -700 -500 5,800 -1,900 1,100 -2,200 10,900 600 500 12,500 6,300 600 6,900 2,300 
800 
4,100 400 600 
23,500 -400 
600 -2,300 -800 -300 -1,200 700 -2,200 -1,500 500 300 1,000 2,200 400 -100 -6,000 -400 
-1.9 


0.3 -1.6 
0.9 -0.5 
-1.l 
-0.8 -0.3 -0.2 
0.2 
1.3 
0.9 
1.3 -1.0 
3.7 -7.9 
3.0 -1.8 
1.3 
-0.1 
2.1 
-0.5 -0.0 

1.0 
0.9 
2.6 
3.9 
1.0 -0.2 -0.5 -1.0 
0.1 -0.5 
0.8 
6.8 -0.5 -0.7 -2.3 
2.3 -0.7 



1.3 -1.5 
0.6 
0.8 
3.1 
2.4 
3.4 
0.4 
3.3 
2.7 
0.1 
0.7 
0.4 
1.0 
2.2 
6.6 -1.3 -0.0 
0.5 
-1.8 -0.9 -4.6 -1.0 
1.4 
-2.0 -0.5 

0.9 
0.4 
1.9 
0.6 
0.8 -0.3 -4.4 -1.5 

Population  Change 1960-1968  
County  April 1, 1968 (estimated)  April l, 1960 (census)  Number  Average annual percent  
Shelby Sherman  21,400 3,300  20,479 2,605  900 700  0.5 3.1  
Smith  99,100  86,350  12,800  1.7  
Somervell  2,900  2,577  300  1.4  
Starr  20,300  17,137  3,100  2.1  
Stephens  8,200  8,885  -700  -1.1  
Sterling  1,100  1,177  -100  -1.1  
Stonewall  3,000  3,017  -100  -0.2  
Sutton  3,900  3,738  200  0.6  
Swisher  12,300  10,607  1,700  1.9  
Tarrant  634,500  538,495  96,000  2.1  
Taylor  100,900  101,078  -200  -0.0  
Terrell  2,200  2,600  -400  -2.2  
Terry  17,700  16,286  1,400  1.0  
Throckmorton  2,400  2,767  -300  -1.6  
Titus  17,500  16, 785  700  0.5  
Tom Green  75,200  64,630  10,600  1.9  
Travis  263,800  212,136  51,700  2.7  
Trinity  7,700  7,539  200  0.3  
Tyler  12,000  10,666  1,300  1.4  
Upshur  21,400  19,793  1,600  1.0  
Upton  4,300  6,239  -2,000  -4.7  
Uvalde  19,600  16,814  2,700  1.9  
Val Verde  26,300  24,461  1,800  0.9  
Van Zandt  22,400  19,091  3,300  2.0  
Victoria  56,800  46,475  10,300  2.5  
Walker  28,500  21,475  7,100  3.6  
Waller  14,700  12,071  2,600  2.5  
Ward  12,500  14,917  -2,400  -2.2  
Washington  19,500  19,145  400  0.3  
Webb  79,300  64,791  14,500  2.5  
Wharton  39,600  38,152  1,500  0.5  
Wheeler  6,800  7,947  -1,200  -2.0  
Wichita  126,000  123,528  2,400  0.3  
Wilbarger  16,200  17,748  -1,500  -1.1  
Willacy  14,800  20,084  -5,300  -3.8  
Williamson  37,500  35,044  2,500  0.9  
Wilson  14, 700  13,267  1,400  1.3  
Winkler  9,200  13,652  -4,400  -4.9  
Wise  20,200  17,012  3,200  2.2  
Wood  19,700  17,653  2,100  1.4  
Yoakum  7,500  8,032  -500  -0.8  
Young  15,100  17,254  -2,200  -1.7  
Zapata  4,300  4,393  -100  -0.2  
Zavala  14,200  12,696  1,500  1.4  

areas by the Bureau of the Census.' These additional sets of estimates may be of value where additional information on county population trends is needed. 
Population estimates for Texas counties have been pre­pared by the Population Research Center of The Univer­sity of Texas at Austin ever y year since 1960.' Methods for making these estimates have varied during this time. In the 
'U.S. Bureau of the Census, "Estimates of the Population of Counties, July 1, 1966" (Report No. 3), and "'Provisional Estimates of the Popu­lation of 100 Large Metropolitan Areas: July l , 1967," Current Popula­tion Reports, Population Estimates, Series P-25, Nos. 407 and 411. 
6See "Population Estimates for Texas Counties, Standard Metropoli­tan Statistical Areas and Urbanized Areas, April 1, 1961," Texas Busi­
ness Review, XXXVI (January 1962) , pp. 7-8; "Population Estimates for Texas Counties, 1961 and 1962," Texas Business Review, XXXVII (April 1963), pp. 79-88; "Popula tion Estimates for Texas Counties. 1963," Texas Busines·s Rexiew, XXXVIII (March 1964), pp. 69-72; 
"Population Estimates for Texas Counties, 1964," Texas Business Re­

view, XXXIX (March 1965) , pp. 76-79; "Population Estimates for Texas Counties. 1965," Texas Busin ess· Review, XL (March 1966). PP· 88-91 ; "Population Estimates for Texas Counties, April 1, 1966." Texas Business Review, XLI (January 1967), pp. 12-15 ; "Population 
Estimates fvr Texas Counties, April 1, 1967," Texas Business Review, 
XLII (March 1968) . pp. 76-80. 
TEXAS BUSINESS REVIEW 
Table 2 POPl LATION OF STANDARD METROPOLITAN STATISTICAL AREAS <\ D "" ·sT'"'UFNT COUNTIES, 1968 _ 19 n , ED 1, 19r 
Population Change 1960-1968 

standard 
m etropolitan statistical area, with counties  Aprill, 1968 (estimated)  Aprill, 1960 (census)  Number  Average annual percent  
TOTAL  7,818,000  6,611,665  1,206,000  2.1  
1. Abilene  120,100  120,377  -300  -0.0  
J ones  19,200  19,299  -100  -0.1  
Taylor  100,900  101,078  -200  -0.0  
2. Amarillo  177,100  149,493  27,600  2.1  
Potter  119,700  115,580  4,100  0.4  
Randall  57,400  33,913  23,500  6.6  
3. Austin  263,800  212,136  51,700  2.7  
Travis  263,800  212,136  51,700  2.7  
4. Beaumont-Port  
Arthur-Ora nge  320,500  306,016  14,400  0.6  
Jefferson  247,600  245,659  1,900  0.1  
Orange  72,900  60,357  12,500  2.4  
5. Brownsville­ 
H arlingen-San  
Benito  134,900  151,098  -16,200  -1.4  
Cameron  134,900  151,098  -16,200  -1.4  
6. Corpus Christi  279,700  266,594  13,100  0.6  
Nueces  232,500  221,573  10,900  0.6  
San Patricio  47,200  45,021  2,100  0.6  
7. Dallas  l,446,100  l,119,410  326,700  3.2  
Collin  58,700  41,247  17,500  4.4  
Dallas  1,231,000  951,527  279,500  3.2  
Denton  71,100  47,432  23,700  5.1  
Ellis  47,300  43,395  3,900  1.1  
Kaufman  31,400  29,931  1,500  0.6  
Rockwall  6,600  5, 78  700  1.4  
8. El Paso  343,800  314,070  29,800  1.1  
El Paso  343,800  314,070  29,800  1.1  
9. Fort Worth  679,400  573,215  106,200  2.1  
Johnson  44,900  34,720  10,200  3.2  
Tarrant  634,500  538,495  96,000  2.1  
10. Galveston­ 
Texas City  168,600  140,364  28,300  2.3  
Galveston  168,600  140,364  28,300  2.3  
11. Houston  1,836,700  1,418,323  418,400  3.2  
Brazoria  106,000  76,204  29,800  4.1  
Fort Bend  51,300  40,527  10, 00  3.0  
Harris  1,597,800  1,243,158  354,700  3.1  
Liberty  35,200  31,595  3,600  1.3  
Montgomery  46,400  26,839  73,200  6.8  
12. Laredo  79,300  64, 791  14,500  2.5  
Webb  79,300  64,791  14,500  2.5  
13. Lubbock  198,600  156,271  42,300  3.0  
Lubbock  198,600  156,271  42,300  3.0  
14. McAllen-Pharr­ 
Edinburg  177,100  180,904  -3,800  -0.3  
Hildalgo  177,100  180,904  -3. 00  -0.3  
15. Midland  65,200  67,717  -2,500  -0.5  
Midland  65,200  67,717  -2,500  -0.5  
16. Odessa  3,200  90,995  -7,800  -1.1  
Ector  83,200  90,995  -7,800  -1.1  
17. San Angelo  75,200  64,630  10,600  1.9  
Tom Green  75,200  64,630  10,600  1.9  
18. San Antonio  837,100  716,168  120,900  2.0  
Bexar  802,500  687,151  115,300  1.9  
Guadalupe  34,600  29,017  5,600  2.2  
19. Sherman-Den ison  80,500  73,043  7,500  1.2  
Grayson  80,500  73,043  7,500  1.2  
20. Texarkana  
(Texas portion )  71,500  59,971  11,500  2.2  
Bo,vie  71,500  59,971  11,500  2.2  
21. Tyler  99,100  86,350  12,700  1.7  
Smith  99,100  86,350  12,700  1.7  
22. Waco  14 ,400  150,091  -1,700  -0.1  
McLennan  14 ,400  150,091  -1,700  -0.1  
23. Wichita Falls  132,200  129,638  2,500  0.3  
Archer  6,200  6,110  100  0.2  
Wichita  126,000  123,528  2,400  0.3  

most recent years three methods have been used, methods based respectively on the scholastic census, on vital statis­tics, and on passenger-car registrations.' These three meth­ods, and an innovation by which the lJ.S. Bureau of the Census yearly estimate for the total population of Texas was used, constituted the bases for generating the 1966 and 1967 estimates. The same procedure has been followed this year for estimating the population of Texas counties and of the standard metropolitan statistical areas. 
As in the previous years in which these three methods have been used, Method I, based on the scholastic census, has produced the most reliable estimate. It tends to yield county estimates intermediate between those resulting from l\Iethod II (based on vital statistics), which tends to produce the lowest county estimates, and those from Method III (based on car registrations), which tends to produce the highest county estimates. 
The innovation of using a total Texas population esti­mate derived from state estimates by the Bureau of the Census has been followed again this year.' The Population Research Center's state total, produced by summing the county estimates, has consistently produced a total state estimate that is somewhat different from that derived from Bureau of the Census figures. 
The Population Research Center's state figure has been 
brought into congruence with the Bureau's state total. 
After preparation of the estimates for each county the 
county figures were multiplied by an adjustment factor in 
order to produce a congruence of the overall state total 
between the estimates of the Bureau of the Census and 
those of the Population Research Center. This factor is 
generated by taking the July 1 provisional state estimate 
for 1968 issued by the Bureau, adjusting it to make it 
consistent with the April 1 data of the Population Research 
Center, and calculating the ratio between the Bureau of 
the Census state total and the Population Research <:;enter 
figure. 
This procedure ordinarily improves the county estimates 
by making them more nearly consistent with the state 
total. However, since it is necessary to employ the Bureau 
of the Census' pro,·isional Texas population estimate for 
1968, an unknown degree of error may be introduced. The 
Bureau·s provisional estimate of July 1, 1967, exceeded its 
final estimate for 1967 by about 26,000, so that the Popula­
tion Research Center's county estimates for 1967 were 
artificially high by a small amount. This same discrepancy 
may result in the 1968 figures. 
Estimates have been rounded to the nearest hundred for 
counties and to the nearest thousand for the state. Rates 
of change are based on unrounded numbers. 
Method I. The Method I estimates in Tables 1 and 2 are based on 
the following formu la: M = L + [ (H) (I)) + (J-K). Each variable 
in this formula is described below: 
A = Number of potential scholastic.s for year X. For example. the 
potential scholastics for 1968 \year X in this case) are persons 
born during 1960, plus persons 0-10 enumerated in the 1960 
federal census. 
7Part of the basic data necessary for the preparation of these esti­n1ates were supplied through the cooperation of the Texas Education 
Agency, the Texas State Department of Health. and the Texas Highway 
Department. These agencies, however, are not to be held responsible for the estimates presented here. 
5U.S. Bureau of the Census, "Estimates of the Population of States: July 1, 1967 and 1968," Current Population Reports, Population Esti­
mates, Series P -25. N o. 40 3. 
7 
B Number of potential scholastics dying between birth or 1960 and year X. If A is a particular potential scholastic cohort,
1 
the number of deaths of A persons up to year X is subtracted.
1 
For example, suppose Ais persons 2 yea.rs of age in the
1 
1960 federal census and X is 1964. Then the deaths of are
A1 the number of persons 2 years of age who died in 1960, plus the number 3 years of age who died in 1961, plus 4-year-olds who died during 1962, plus 5-year-olds who died during 1963. B is thus the number in cohort Adying between 1960 and
1 
1963 (inclusive). plus the number in A2 dying between 1960 and 1963, etc. c Number of persons 6-17 years of age enumerated in the 1960
= 
federal census. 
A-B

D 
= -c-
E Number of persons enumerated in scholastic census for 1960. F D x E, giving expected number of scholastics in year X with no
= 
net migration of scholastics. G Actual number of scholastics enumerated in schohstic census for 
= 
year X. H G -F, the increase or decrease of scholastics attributable to migration. Migration multiplier, which is taken as the ratio of the t.otal 
population to the number of persons 6-17 years of age in 1960. 
J Number of resident births between 1960 and year X (for example, 
when X is 1968, it is the number of births during 1960, 1961, 
1962, 1963, 1964, 1965, 1966, and 1967). 
K = Number of resident deaths between 1960 and year X. 
L = Resident 1960 population according to the federal census of 1960. 
M Estimated population for year X.
= 
The crucial factor in the estimation formula is the migration multiplier. The first step taken in the computation of a migration mul­tiplier for each Texas county ia to determine the 1960 potential number of persons 6-17 years of age (henceforth referred to as scholastics) given the age composition of the county's population in 1950, and the births and deaths in the county during the 1950-1960 decade. In this instance the 1960 potential number of scholastics is all persons 0-7 years of age in 1950 plus all persons born between April 1, 1950, and April l, 1954. Subtraction of the estimated number of deaths of potential scholastics from the total yields the expected number of scholastics in 1960. The diflerence between the number of expected scholastics in 1960 and the number of persons 6-17 years of age enumerated in the 1960 federal census is indicative of net migration. For example, if the 1960 expeeted number of scholastics in a county is 150, but the number of persons 6-17 years of age enumerated in the 1960 federal census is 200, then the esti­mate of net migration of scholastics over the decade 1950-1960 is 50. Since the total net migration over the years 1950-1960 ia known for each county, the division of total net migration by the estimate of scholastic net migration yields a migration multiplier for each county (referred to as the "obtained" migration multiplier) . For example, if the 1950-1960 total net migration is 500 and the estimated scholastic net migration is 125, then the obtained migration multiplier is 4.00 (that is, a gain of one scholastic from migration represents a gain of four migrants of all ages). In most cases this operation yields a plausible multiplier. However, the problem case is the county with a very small migration. To illustrate, if a county gained only two scholastics from migration, it may have lost a few persons as far as total migration is concerned. In such a case, it is not possible to compute a migration multiplier. Then there may be cases when a county gained three scholas­tics from migration but gained 30 from total migration. In such a case the ob~ai~ed migration multiplier would be 10.00, but this extremely high value is hkely to reflect nothing more than minor errors in the estimates of deaths of potential scholastics, inaccuracies in the 1950 federal census enumeration, and/or inaccuracies in the enumeration of the 1960 federal 
census. Rather than use extremely high or extremely low obtained migration multipliers for some counties (most of which have a very small popula­tion), . it was decided to compute a state total (the sum of all counties) of estimated scholastic net migration and total net migration. The divi­sion of the latter by the former yields a state-obtained migration multi­plier of 4.35, which corresponds very closely to the 1960 ratio of the tota l population of the state to the number of persons 6-17 years of age the ratio being 4.26. Further analysis of 1960 census figures revealed tha~ the ratio of total intercounty migrants (persons who in 1960 did not reside in the same county as 1955) to intercounty migrants 6-17 years of age is 4.25.9 
'See U. S. Bureau of the Census, U.S. Census of Population: 1960. PC (I )-45D (Washington: U.S. Government Printing Office, 1962), 
8 
Table 3 
DISTRIBUTION OF TEXAS COUNTIES ACCORDING TO 
AVERAGE ANNUAL PERCENT CHANGE OF POPULATION, 
1960-1968 

Average annual percent change  Number of counties  Percent distribution of counties  
Gains :  
6.0 and over  . . . . . . . . . . . . . . . . • . . . . . . . .  2  0.8  
4.0 to 5.9  . . . . . . . • . . . . . . • . . . . . . . . . . . .  8  3.1  
2.0 to 3.9  . ......•.... .. . .. .. . .......  46  18.1  
0.0 to 1.0  .. . ......... . .............. 97  38.2  

Subtotal gaining counties .. . . ... .....153 
60.2 
Losses :  
-1.9 to -0.0  .......................  78  3o.7  
-3.9 to -2.0  . . . . . . . . . . . . . . . . . . . . . . .  16  6.3  
-5.9 to -4.0  6  2.4  
Over -6.0  . .. .. .................. . . .  0.4  

Subtotal losing counties ..............101 39.8 

Grand total ...... . . . ................254 100.0 

These comparisons suggest a fairly close relationship between the obtained migration multiplier and the ratio of the total population to persons 6-17 years of age. Further substantiation is found by inspeCtion of the two figures for individual counties. Generally counties with a high obtained migration multiplier have also a high age ratio, and the reverse also is generally true. Moreover, there is generally a close agree­ment between the age ratio and the obtained migration multiplier in counties with a large population, where minor errors are least likely to create extremely high or extremely low obtained migration multipliers. Finally, in a large proportion of the counties the ratio of the total popu­lation to persons 6-17 years of age is between 3.35 and 5.35, values within 1.00 of the obtained migration multiplier for the state as a whole. All of these observations clearly suggest that the use of the ratio of the total population to persons 6-17 years of age as the migration multiplier is justified. 
Although the major question in the use of Method I is the migration multiplier, several other possible sources of inaccuracy exist. The formula assumes the accuracy of the 1960 federal census and each annual scholas· tic census for the years 1960-1967. It further assumes the reliability of the following vital statistics for the years considered: deaths of potential scholastics, total deaths, and total births. 
Although minor changes may be made in the future, the basic features of the estimation formula of Method I will be retained in making annual population estimates up to the year of the next federal census, 1970. 
Method II. The second method generates a 1968 estimate based on the ratio of the 1960 census population to the 1959 number of resident births and deaths times the 1967 number of resident births and deaths. The formula for a Method II €stimate is : P= [P/(B+ D)]
68 6059 59
(B07 + D67), \~here P" is the 1968 p-p·.i:ation estimate, P'° is the 1960 census populat10n, is the number of resident births in 1959, D is
B59 59 
the number of resident deaths in 1959, B is the number of resident 
67 
births in 1967, and 0 67 is the number of resident deaths in 1967. 
Method II assumes that the numbers of resident births and deaths registered for a county are reliable, and it further assumes that neither the birth rate nor the death rate of the county has changed substantially between the census year and the estimate year. 
This year a revision of Method II was employed for some counties, a change which takes into account trends in the birth and death rates during the Postcensal pericd. The data employed are the same as in Method II, but the manipulation of the data is different. There are several steps in this Procedure. carried out separately for birth and 
death rates. 
county births 1959 Texas births 19591) ho county population 1960 Texes popu1ahon 1960
Bo 
county births 1967 Texas births 19672) bt = 
Bt = 
county populaticn 1968 Texas population 1968 
Since the 1968 county population is unknown, btis unknown. To obtain an estimate of htthe following equation is employed: ho 3) ht = Bt ( -) (continued on p. JI) 
Bo Table 100. Figures on migrants of less than five years of age were estimated (by assuming the same proportion of migrants as among the 5-9 age group), and figures for the 6-17 age group were estimated from census data on age groups 5-9, 10-14, and 15-19. 
TEXAS BUSINESS REVIEW 

THE BUSINESS SITUATION IN TWENTY TEXAS CITIES 


THE BUSINESS SITUATION IN TWENTY TEXAS CITIES 

HO JOO 250 
200 
150 100 50 
J50 JOO 250 200 150 100 50 
FORT WORTH BUSINESS ACTIVITY 

GALVESTON BUSINESS ACTIVITY 




HO  J50  
250 200 150 100 50  250 200 150 100 50  

S50 350 
-

250 250 
200 200 150 150 100 100 
50 50 
1955 1956 1957 1951 1959 1960 1961 1962 196J 1964 1965 1"7 19'1 

NOTE: Shaded ar-• Uadicac. puiocla of dacliae of total -.111e.. ac1bt.ty Ua tbe Utdted e.s.s. 
SOURCE: B&Hd oa bank cleblt• reported by Che F•de.-&1 JleMl"•• ltallkof Dalluaad_,...... 6'r 
Ha10A&lvariatt.oaa.adcbaq"hlthepricel..•l bytbe hreau.,ol lkaaiaea• a.M&l'clL 
FRQM: JN...aa o( helaeu RH•arch, The Unt..-.ultv of Tuaa at Aa•tta. 
SAN ANGELO BUSINESS ACTIVITY 

lndH Adjuetlld for Se•.on•I Vui•tion-1'S1-1Hf•l00 J50 
soo 
250 250 
200 200 
150 ISO ~ 
_,. 
100 100 
IT 

50 50 
1955 19S6 1957 1951 19S9 1960 1961 1962 1963 1964 1965 196' 1967 1961 
NOTE: Shaded area• i.rldicate period• o{ d•clin• of total buein•H activity ln the United State•· SOURCE: 8.aHd on bank dabltl reported by the Federal a ..erve Bank of Dalla1andadju1tsd for 
•eaaonal variation and cban1•• in the price level by the Bur•au of Buelne•• R••-rcb. FROM: Bure•u of 8u1ineu Re1earch, The Univer•lty of Texa1 at Au11in. 
SAN ANTONIO BUSINESS ACTIVITY 

lndH Adju•tlld /or S•••on•I V•ri•tion-llJ1-1'Sf•l00 3SO 350 300 JOO 2SO 250 200 200 ISO ISO 100 100 so 50 
NOTE: Shaded a..eae indicate perloda of decline of tot.al bu•l..H activity ta the United State•. SOURCE: Ba1ed on bank debit• reported by th• Federal Reaerve Bank of Dalla• aadad.Ju•ted for 1eaeonal variation and cha•1•• tn th• prlc• l•vel by the Bw-eau of Ba•lne•• R••-rcb FROM: Bureau of Bull1M1H Ruearch, Th• Unlvenlty of Taxaa at Au•lln. 


J50 
250 
150 100 50 
0 
TEXAS BUSINESS REVIEW 


THE BUSINESS SITUATION IN TWENTY TEXAS CITIES 

------~~~~-----~~~~~~-----.
WACO BUSINESS ACTIVITY 
lade• A.diu.,.,, /or S...onal Vali•tioa-JIJt..lfll•l.. 
HO 

--HO 	





A A 
 
• I 
 _,/"'
 ~· 
 
·­ I""' 
 . 
 
r ·" 
 .. 
 


-
-250 -ISO ­-

...
150 

1• .. 100 100 100 
so 
0 
•
• 
ttSS 1916 1'57 1'51 1Hf IMO IMt 1'62 1HI 1964 tNI IH6 IM7 INI 

MOIS: .....ueu ......_....,...,....,..r....a........adhl&r .....vme.. s.atn. ROTE: ......anaa iadicaM putodll of declilMI of ta4al ...._.. aclhhJ ta ..U............ 

IOUacS:. 
..............bihl'.,.,.....,.......w ..........,Dalluaadl.............. 


....................................,................ 8eHUdt. ......i-n.Uoo....cMaptlta...pric•a..elbr• .__.o1...._•• ...._. 
ft.CU: ....................... ftit~..T-.at........ Real· ...._ o1 ........ R••eucll. TM u.iftl'•ltr ol T.-. at Aa.t1a. 

TYLER BUSINESS ACl'IVITY 	WICBITA FALLS BUSINESS ACTIVITY
......--,_-.,....,____... 
laths AtljualH '°' s....n.J Varietioa-IH1·1..•IOe
-

-
HO 
-
-
IM
1• 
100 100 
• 	50 50 
• 	0 •
lftl-l-19a I--IMl IMJ IHI I... IMS I-IHI' IHa 

lllOl'S: ..............................................acdritr ta ..Ulde.41ta1e.. NOTE: ..... __.. '-Beam periods of decliM of tolal IMIUMH actlft&y ta ..,Ua:l&ed lltaella. 
sauac:s:-.................~.,........n.1 ..............,Dallaa...ed,p9'edfol' IOUACZ: ...........deWtaHpOrtad "'dtel'MenlReMr.ellukof Dalluaadl~IDr 

__......._.........ta...pnce....a .,... ...._.., ........ a....rcb .....a'W&riado9...~•6epri"i..el.,,..,. Bllr••af a..lae•• •••euch. 
ft.Gil: ..................._.. ..... Utd..raltyolT-.at ......_ neat:: ....._of ........ a.a....dt. n.. lhtlftl'ritJ of Tu..at Metia. 




PREL ITXARY ESTIMATES OF TOTAL ETA L SALES Population Estimates (continued) 
'Unadiu.sted The estimate of the 1968 county population !Pt) is obtained by dividing 

Percent change 

Nov Nov 1968 Nov 1968 Jan-Nov 1968 1968 p• from from from Type of store (millions of dollars) Oct 1968 Nov 1967 Jan-Nov 1967 
Total .. . . _ ...........1,671 •• 7 10 Durable goods# 635 14 17 Nondurable goods .. _..1,036 2 4 7 
p Preliminary. 
• 	Bureau of Business Research estimates based on data from the Bureau of the Census. 

# Contains automotive stores, furniture stores, and lumber, building­material, and hardware dealers. •• Change is less than one half of 1 percent. 
CREDIT RATIOS LN DEPART!llE.. AND APPAREL STO ES 

Classification Number of Credit ratios • Collection ratios t (annual sales reporting Nov Nov Nov Nov volume 1967) stores 1968 1967 1968 1967 
ALL STORES . -· ........27 63.7 64.1 32.1 33.4 BY TYPE OF STORE Department stores 9 65.3 65.7 38.1 39.3 
········ 

Dry-goods and apparel stores 5 59.4 62.4 39.9 39.9 Women's specialty shops 6 63.1 63.7 32.0 33.3
·­Men's clothing stores 7 58.9 62.2 40.7 42.0 BY VOLUME OF NET SALES Over $1,500,000 . . .... . . ..11 64.4 64.7 31.7 33.2 $500,000 to $1,500,000 . ... 3 51.0 50.9 37.4 37.0 $250,000 to $500,000 ...... 5 58.3 63.0 40.1 41.7 Less than $250,000 ...... . 8 54.3 53.9 36.3 34.9 
• Credit sales divided by net sales. 
t Collections during the month divided by accounts unpaid on first of the month. 
the estimated bt into resident births for 1967: 
county births, 1967 
Po= bt 
The same procedure is carried out with deaths, and the results of the 
two independent population estimates may be accepted or averaged, a 
procedure which is usual. In most cases where the Method I estimate 
was thought to be in error, the average estimate was employed. 
This technique, usually termed the "vital rates method," is far more 
flexible and useful than the old Method II. The vital-rates method im­
plies 	the assumption that trends in individual county birth and death 
rates approximate those in the total state population. Such an assump­
tion is widely applicable, but, because of differences in age structure or 
ethnic composition, this assumption may be inappropriate for some 
counties. In future years. Method II will be supplanted altogether by the 
vital-rates method. 
Method Ill_ Estimates based on the third method are computed by 
multiplying the -ratio of the 1960 census population to the number of 
1960 	passeng_er-car registrations times the number of 1967 passenger­
car registrations. ~: The formula for the Method III estimate is: P = 
68 
\P.,.IC60 ) c,,. where is the 1968 estimate, P is the 1960 census
P 68 	60 
population, c6') is the number of passenger cars registered in 1960, and Ce-9 is the number of passenger cars registered in 1968. 
Method III assumes that the ratio between passenger cars and popu­
lation remains constant. It also assumes either no irregularities in 
registration (persons registering their cars in a county where they are 
not residents) or no change in either the amount or kind of such 
irregularities. 
Like Method II, Method III is inflexible. With the increasing lapse of time since the 1960 Census it has become obvious that this procedure is of little value in its present form, since for most counties it yields extravagant population estimates. It is expected that, in the future, auto­mobile-registration data will continue to be employed, but in a sub­
stantially different manner. 
10The actual registration year 1960 was from April l, 1959, to March 31, 1960, and actual registration year 1968 was from April l, 1967, to Ma rch 31. 1968. 

index of total construction authorized in Texas to the 
TEXAS CONSTRUCTION 
NOVEMBER 1968 

The Texas construction industry recorded one of the strongest months in its history during November of 1968, according to the Bureau of Business Research Index of Construction Authorized in Texas as indicated by the ac­companying chart. Although the estimated value of total construction authorized in Texas during November, $195.2 million, fell 6 percent from the October value, the index of second-highest level ever recorded, second only to the August 1967 level, which included phenomenal nonresiden­tial authorizations. In addition the index average for 1968 was 10-percent stronger than in 1967. 
The November index of residential construction author­ized reached an all-time high as gains of 11 percent over October and 20 percent over November 1967 were recorded. These gains reflect the 1968 trend toward an increase in residential authorizations which are running a hefty 28 percent above the 1967 level. The index of nonresidential construction authorized dropped 2 percent from October and 3 percent from November 1967. Despite these declines November was still a comparatively strong month, 


Several interesting observations about the boom in :r:esi­dential construction authorizations during the first eleven months of 1968 in Texas can be made by examining Table 
1. The twenty-three Texas SMSA's, which are accounting for 87 percent of the one-family housing authorizations in Texas, have recorded only a two-percent increase over 1967 in the total value of such authorizations. Only three SMSA's-Brownsville-Harlingen-San Benito, Laredo, and McAllen-Pharr-Edinburg-have recorded significant in­creases over 1967. These increases are substantially due to efforts in these areas to recover from the heavy damage suffered from Hurricane Beulah in September 1967. The merely nominal increases and the declines among the other SMSA's undoubtedly reflect the deterrent pressure of increased interest rates on prospective home buyers. With interest rates running 10 to 20 percent above the 1967 levels, many Texans are choosing to forego purchase of a new house at this time. The construction of apartment houses will suffer no such adverse effects from the rise in interest rates as long as the basic demand continues strong, since the return on the investment can be adjusted by changes in rent scales. Total metropolitan authorizations for apartments during January-through-November 1968 are 89 percent over those of the first eleven months of 
1967. 
Numerous cities reported individual construction author­izations valued at $1 million or more. Four apartment com­plexes exceeding $1 million were recorded, two in Dallas, one in Austin, and one, the largest, in Pasadena, with a value of $2.2 million. Educational construction authoriza­tions exceeding $1 million were reported in four cities: 
Dallas Baptist College, two authorizations of $1.2 and $1.5 million; the University of Houston, a large new service building valued at $1.8; Texas Technological College, in Lubbock, a new chemistry building valued at $4.6 million; and The University of Texas at Austin, largest single project in the state, a new physics, mathematics, and as­tronomy building valued at $8.1 million. Authorizations for retail stores in the cities of Garland and Arlington were reported in totals of $1.6 apd $2.5 million respectively. Other large authorizations included a $1.0-million ware­house in Dallas, a $2.3-million industrial site and a $4.9­million flight training center in Fort Worth, and a $1.5­million rehabilitation hospital and a $1.7-million office building in Austin. 
An analysis of the major factors affecting Texas con­struction points toward continued good health for the industry. The only significant hazard is the possibility that rising interest rates may adversely affect the demand for construction of single-family houses. The success of federal fiscal and monetary policies which attempt to maintain price stability and at the same time prevent interest rates from becoming excessive will be the main determinant in this area of Texas construction. On the other hand, em­ployment levels, personal income, and the continuing ex­pansion of the Texas economy in general are all providing the impetus needed to maintain construction activity at or near its present record pace. 

Table 1 
RESIDENTIAL BUILDING AUTHORIZED IN STANDARD METROPOLITAN STATISTICAL AREAS+ 
JA, "UARY-NOVEMBER 1968 
Value in thousands dohs.-s 
One-family units Apartment-dwelling units Total all units # 
Percent change Percent change Percent change 
Jan-Nov 1968 Jan-Nov 1968 Jan-Nov 1968 Standard metropolitan Jan-Nov from Jan-Nov from Jan-Nov from statistical area 1968 Jan-Nov 1967 1968 Jan-Nov 1967 1968 Jan-Nov 1967 
Abilene ....... ........ •.......•............•... 1,431 7 41 -94 $ 1,472 -36 
Amarillo ..................... . ........... · · · · · · 7,404 2 

2,115 86 9,534 10 Austin .... . ..... .. . . . . ...... . . . . . . ..... . . . •.... 37,278 8 33,323 87 76,150 32 Beaumont-Port Arthur-Orange .............•..... 9,113 2,145 -19 11,348 -8 Brownsville-Harlingen-San Benito ....•. . .... . .... 2,078 107 1,525 408 3,603 126 Corpus Christi .. . . ........ ..... . . ... .. ......... . 15,799 15 14,357 558 30,275 90 Dallas ... . .. . .. . .......•.. . ... .. .......•......•. 139.361 
8 111,847 123 257,179 40 EI Paso ..... ...................•..•... ... .....• 26.649 15 8,136 52 35,342 23 Fort Worth .. ............... . ............ · · · · · · · 60,574 7 
48,107 63 110,013 26 

Galveston-Texas City ..........•. . • . .... .. •...... 5,809 -3 3,708 179 9,536 29 
Houston .......... ... .......................... . 91, 790 -13 98,075 88 191,475 20 
Laredo ......................•... · · · · · · · · · • · · · · · 

1,016 46 105 88 1,121 49 Lubbock .... .. ...... ..... ....•....•..•. . . . . .•... 10,710 6 1,662 90 12,600 5 McAllen-Pharr-Edinburg ........ .. ... . . .... .. . . . 5,700 108 645 835 6,448 125 4,078 -28 430 -42 4,662 -28
Midland ................. · · · · · · · • · · · · · · · · · · · · · · · 
Odessa ................•..•....•..• . · · · • · · · · · · • · 

1,520 -49 175 150 1,796 -41 San Angelo . ... .. .. .. . ....... . . . ...•. ....... ... . 2,663 1 101 -91 2,773 -26 San Antonio .......................... . ... .. ... . 27,095 -5 28,544 37 57,133 14 
Sherman-Denison .... .. .... . ................ ... . 4,366 -22 1,060 -16 5,511 -23 
Texarkana .. . . . ..... .. ...... .. ............... .. . 1,335 -5 880 389 2,215 40 
Tyler ................. · · · · • · · · · · · · · · · · · · · · · · · · .. 

$ 3,395 -7 100 -88 $ 3,713 -17 Waco .............. · ·· · · ·· · · · ·•· ·· · ·· ·•· ··· · ·•· 
3,771 13 2,549 1,175 6,424 76 Wichita Falls ..... . .......... . • .... . . ......•.... 3,294 8 57 -95 3,378 -29 Total metropolitan areas ......................... 466,231 
359,686 39 843,559 27 Outside metropalitan areas .... . .. .. . ..... .... . .. . 71,868 2 12, 779 39 87,223 Total for state ... ... . . .. ............. . · · · . · . ·. ·. 538,098 2 
372,465 86 930, 781 25 

t Metropolitan areas are listed in accordance with 1968 Bureau of the Census definition. This table includes only the cities reporting in metropolitan 

areas. 

# Includes tw<>-family units not listed separately on this table. 
JANUARY 1969 





LOCAL BUSINESS CONDITIONS 

Statistical data compiled by: Mildred Anderson, Constance Cooledge, and Glenda Riley, statistical assistants, and Doris 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 mini­mum 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 
normal seasonal change and the reported change indi­cates an abnormal sales month. Symbols used in this table include: 
(a) Population Research Center data, April 1, 1968. 
(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. 

( ·f) Average statewide percent change from preceding month. (tt) Average individual-city percent change from pre­ceding month. 

(
r) Estimates officially recognized 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 Nov. 15, 1968. (:j:) 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. 

(Ill 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. 




ALPHA TICAL LIST NG 0 CITIES L CL D D LT JANUARY 1969 ISSUE OF 
TEXAS BUSINESS REVIE!V 
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) Beaumont (Beaumont-Port Arthur-Orange SMSA) 
Beeville 
Bellaire (Houston SMSA) 
Bellville 
Belton 
Big Spring 
Bishop (Corpus Christi SMSA) 
Bonham 
Borger 
Brady 
Brenham 
Brownfield 
Brownsville (Brownsville-Harlingen­San 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 
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) Donna (McAllen-Pharr-Edinburg 
SMSA) Eagle Lake Eagle Pass Edinburg (McAllen-Pharr-Edinburg 
SMSA) Edna EI 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 
TEXAS BUSINESS REVIEW 


ALPHABETICAL LISTING OF CITIES INCLUDED IN JANUARY 1969 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 Hondo 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 
SMSA) Lamesa Lampasas Lancaster (Dallas SMSA) La Porte (Houston SMSA) Laredo (Laredo SMSA) Levelland Lewisville (Dallas SMSA) 
Liberty (Houston SMSA) 
Littlefield 
Llano 
Lockhart 
Longview 

Los Fresnos (Brownsville-Harlingen­San 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) Mexia Midland (Midlancl SMSA) Midlothian (Dallas SMSA) Mineral Wells Mission (McAllen-Pharr­Edinburg SMSA) 
Monahans 
Mount Pleasant 
Muenster 
Muleshoe 
Nacogdoches 

Nederland (Beaumont-Port Arthur­Orange SMSA) New Braunfels 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 Arthur­Orange SMSA) 
Quanah 
Raymond ille 
Refugio 
Richardson (Dallas SMSA) 
Richmond (Houston SMSA) 
Robstown (Corpus Christi SMSA) 
Rockdale 
Rosenberg (Houston SMSA) 
San Angelo (San Angelo SMSA) 
San Antonio (San Antonio SMSA) 
San Benito (Brownsville-Harlingen-

San Benito SMSA) San Juan (McAllen-Pharr-Edinburg SMSA) San Marcos San Saba 
Schertz (San Antonio SMSA) 
Seagoville (Dallas SMSA) 
Seguin (San Antonio SMSA) 
Sherman (Sherman-Denison SMSA) 

Silsbee 

Sinton (Corpus Christi SMSA) 
Slaton (Lubbock SMSA) 
Smithville 
Snyder 
Sonora 
South Houston (Houston SMSA) 
Stephenville 
Stratford 
Sulphur Springs 
Sweetwater 
Tahoka 
Taylor 
Temple 
Terrell (Dallas SMSA) 
Texarkana (Texarkana SMSA) 
Tomball (Houston SMSA) 
Tyler (Tyler SMSA) 
Uvalde 
Vernon 
Victoria 
Waco (Waco SMSA) 
Waxahachie (Dallas SMSA) 

Weatherford 

Weslaco (McAllen-Pharr-EdinburgSMSA) White Settlement (Fort Worth SMSA) Wichita Falls 0£ichlta Falls SMSA) 

.....PHABETICAL LISTING OF SMSAS AND CITIES 
WITHIN E CH SMSA, WITH DATA 

Percent change Percent change 
City and item  Nov 1968  Nov 1968 from Oct 1968  Nov 1968 from Nov 1967  City and  item  Nov 1968  Nov 1968 from Oct 1968  Nov 1968 from Nov 1967  
ABI~E  ABILENE (pop. 110,054 ')  
Retail  sales  (Jones and Taylor; pop. 120,100 •) - 3  Retail  sales  ················ ··· ·····  St  - 3  6  
Apparel  stores  . ................. .  32  21  Apparel  stores  ·· ······· ··· ·······  2t  32  21  
Automotive  st.ores  .... .. ...... ... .  - 9  7  
Building permits, less federal contracts  $ 250,292  -47  6  Automotive  stores  . . . . . . .. . . . . . .. .  5t  9  7  
Bank  debits  (thousands) II  ........ $ 1,925,412  5  10  Postal  receipts•  ··············· ·····  $ 154,320  16  
End-<>f-month deposits (thousands); .. $ 101,208 Annual rate of deposit turnover . . . . 18.8  - 2 5  Building permits, less federal contracts  $  247,042  -48  6  
Nonfarm  employment  (area)  . . . . . . .  37,700  Bank debits  (thousands)  ······· ·· ··· $ 129,975  3  
Manufacturing employment (area). Percent unemployed (area) . . . . . . . . .  4,460 2.7  2 ••  ••  End-of-month  deposits  (thousands); . . $  77,863  - 3  7  
Annual  rate of deposit  turnover... ..  19.8  -10  - 4  
For an explanation of symbols see p. 14.  

Percent change Percent change
Local Business Conditions Local Business Conditions 
Nov 1968 Nov 1968 Nov 1968 Nov 1968 Nov from from Nov from from City and item 1968 Oct 1968 Nov 1967 City and item 1968 Oct 1968 Nov 1967 
AMARILLO SMSA BEAUMONT-PORT ARTHUR-ORANGE SMSA (Jefferson and Orange; pop. 320,500 •) 
(Potter and Randall; pop. 177,100 ') 

Retail sales  - 3  
Retail sales  -18  - 6  Apparel stores  . . ... . •. ........ ...  19  18  
Automotive  stores  ............... .  -25  -11  Automotive  stores  ..... . . ........ .  4  13  
Drugstores  ..................... .  3  Food  stores  ..................... .  10  
Building permits, less federal contracts $ 994,985 Bank debits (thousands) II .. .. .... $ 4,834,272  -49 -11  -13 7  Furniture and household-appliance stores . . ............. .  6  2  
End-of-month deposits (thousands)t .. $ Annual rate of deposit turnover . . . .  149,622 32.5  -11  - 10 1  Gasoline and service stations Lumber, building-material,  ... .  9  
Nonfarm employment (area) . . . . . . . Manufacturing employment (area). Percent unemployed (area) ......... .  60,300 6,470 3.7  .. 12  2 20  and hardware dealers ........ . . Building permits, less federal contracts $ 2,378,509 Bank debits (thousands) II ........ $ 5,376,132  -25 -25 -10  7 -45 5  
End-of-month  deposits  (thousands) t .. $  233,431  4  9  
Annual  rate  of  deposit  turnover  . .. .  23.5  9  
AMARILLO (pop. 165,750 ')  Nonfarm  employment  (area)  ...... .  113, 700  
Retail sales .. ........ .. .... . ...... . Automotive stores ............. . . .  -- 5t 5t  -18 -25  -6 -11  Manufacturing employment (area). Percent unemployed (area) ........ .  35,100 4.6  18  
Postal  receipts•  .......... . . ... ..... $  473,750  28  11  
Building permits, less federal contracts $ 909,685 Bank debits (thousands) ........... $ 375,142 Annual rate of deposit turnover . .... . 31.1 End-of-month deposits (thousands)t .. $ 147,067  -44 -19 3 -21  -15 2 11 -5  BEAUMONT (pop. 127,500 ') Retail sales ... .. ........ ... ....... . Apparel stores .........•......... Automotive stores ............... .  5t 2t 5t  -- 4 21 5  18  
Postal  receipts•  . . . . . . . . . . . . . . . . . . . . $ 192,031  -12  12  
Building permits, less federal contracts  $ 1,892,127  10  95  
Canyon (pop. 6,755 ')  Bank debits  (thousands)  ............ $  275,112  -20  -11  
Postal  receipts•  ....................  $ 11,190  -15  18  End-of-month  deposits  (thousands)t..  $ 139,166  5  12  
Building permits, less federal contracts Bank debits (thousands) .. .... ... ...  $ 85,300 $ 9,214  -74..  - 20 5  Annual  rate of  deposit  turnover .. ...  24.3  - 20  - 16  
End-of-month deposits (thousands)t .. $ Annual rate of deposit turnover.....  7,619 14.2  - 4 3  5 -12  Groves  (pop. 17,304)  
Postal receipts•  ... . ................ $  12,633  - 9  19  
Building permits, less federal contracts $  256,120  102  31  
AUSTIN SMSA  Bank debits  (thousands)  . ........ ... $  11,565  7  29  
End-of-month  deposits  (thousands) t .. $  6,334  9  25  
(Travis; pop. 263, 800  Annual  rate  of  deposit  turnover.....  22.8  9  
Retail  sales  ....................•...  4  
Apparel  stores  .......... ...... .. .  4  6  Nederland (pop. 15,274 ')  
Automotive stores Eating and drinking places....... . Furniture and household-appliance stores General-merchandise stores ....... .  6 -14 14  5 9 8  Postal receipts• ... .. .. . . ..... ...... $ 14,427 Bank debits (thousands) ........... $ 7,700 End-of-month deposits (thousands)t .. $ 6,200 Annual rate of deposit turnover..... 15.4  -29 -9 7 -11  21 18 14  
Building permits, less federal contracts  $22,4 79,868  196  - 18  
Bank  debits  (thousands) II  .. ... ... $ 8,133,600  - 2  55  ORANGE (pop. 25,605)  
End-of-month deposits (thousands)t .. $ Annual rate of deposit turnover ... . Nonfarm employment (area) ...... . Manufacturing employment (area). Percent unemployed (area) ....... .  247,900 30.1 117,600 10.700 2.2  -13 4 16  15 24 26  Postal receipts• .................... $ 34,785 Building permits, less federal contracts $ 76,037 Annual rate of deposit turnover ..... 16.1 Bank debits (thousands) ..... ... ... $ 37,960 End-of-month deposits (thousands)t . . $ 29,255  -14 -75 -7 7 -12  8 -36 4 4  
Nonfarm  placements  ..............•  151  - 5  -11  
AUSTIN (pop. 250,000 ') Retail sal<s Apparel stores . . ...... . .... .... . . Automotive stores . . ........... .  5t 2t 5t  4 4 6  6  PORT ARTHUR (pop. 69,271 ') Postal receipts• .................... $ Building permits, less federal contracts $  67,369 142,120  -14 -81  15 -94  
Eating and drinking places ..... . Furniture and household-appliance stores . . . . . . . . . . . . . . .  St 3t  -14  Bank debits (thousands) ............ $ End-of-month deposits (thousands)t .. $ Annual rate of deposit turnover.....  74,540 48,897 18.7  -- 9 5 10  ..7  
General-merchandise stores  . . . . . . . .  3t  14  8  
Postal receipts• . . . . . . . . . . . . . . . . . . . . 873,018 Building permits, less federal contracts $22,479,868  - 5 196  - 18 18  Port Neches (pop. 12,292 ')  
Bank debits  (thousands)  ............ $  689,344  2  55  Postal  receipts•  .......... . . ... ..... $  13,863  5  15  
End-of-month  deposits  (thousands)t .. $  246,939  -12  15  Building permits, less federal contracts  $ 6,510  -94  -98  
Annual rate of deposit turnover. . . . . .  31.3  4  26  Bank  debits  (thousands)  .. .......... $  15,220  -15  11  
End-of-month  deposits  (thousands)t ..  $ 6,101  5  -10  
For an explanation of symbols see p. 14.  Annual rate of deposit turnover..... .  30.7  -11  29  
16  

Percent change 	Percent change
Local Business Conditions 	Local Business Conditions 
Nov 1968 Nov 1968 Nov 1968 Nov 1968 Nov from from Nov from from City and item 1968 Oct 1968 Nov 1967 City and item 1968 Oct 1968 Nov 1967 
BROW~SYILLE-I:. RLINGEN-SAX BENITO SMSA Aransas Pass (pop. 6,956) (Cameron; pop. 134,900 ") Postal receipts• . . . . . . . . . . . . . . . . . . . . $ 6,425 -21 13 Building permits, less federal contracts $
Retail sales ........... ........ . . . .. . •• 9 4,249 -90 -91 Bank debits (thousands) . .. .... ..... $ 9,056 •• 40
Automotive stores . . ............ , . 2 2 End-of-month deposits (thousands)t .. $ 6,799 2 16
Lumber, building-material. and Annual rate of deposit turnover .. 15.8 •• 20
hardware dealers . . ....... . ... . -14 -36 Building permits, less federal contracts $ 1,669,004 -30 199 
Bishop (pop. 4,180 ') Bank debits (thousands) II .. ...... $ 1,783,596 -1 Postal receipts• . . . . . . . . . . . . . . . . . . . . $ 3,771 5 End-of-month deposits (thousands)t .. $ 72,364 1 -3 Bank debits (thousands) . . . . . . . . $ 2,392 4 7 
Annual rate of deposit turnover . . . . 24.6 2 •• End-of-month deposits (thousands)t .. $ 2,877 5 Nonfarm employment (area) . . . . . . 37,900 2 .. 
Annual rate of deposit turnover .... 9.8 9 15 Manufacturing employment (area). 6,420 6 .. Percent unemployed (area) . . . . . . . . 6.4 7 14 CORPUS CHRISTI (pop. 204,850 ') Retail sales .. ..................... . 5t 7 9 BROWNSVILLE (pop. 48,040) Automotive stores ..... . ......... . St 8 15 Postal receipts• . . . . . . . . . . . . . . . . . . . . $ 55,199 -10 10 Postal receipts• .... ............... . 295,242 1 16 
Building permits, less federal contracts $ 912,300 169 251 Building permits, less federal contracts $ 2,189,284 -77 6 Bank debits (thousands) ....... ..... $ 48,768 -16 -2 Bank debits (thousands) .......... . $ 299, 751 7 2 End-of-month deposits (thousands)t .. $ 28,918 2 -3 End-of-month deposits (thousands)t . . $ 151,444 1 •• Annual rate of deposit turnover .. .. . 20.5 -18 •• Annual rate of deposit turnover ..... 23.7 8 -2 
Nonfarm placements . .... . . ..... .. . 1,491 16 165 Port Aransas (pop. 824) HARLINGEN (pop. 41,207) Bank debits (thousands) ... ... ... . . $ 1,028 -15 26 Postal receipts• ...... ... ...... .... . $ 56,013 End-of-month deposits (thousands)t .. $ 995 -6 12 Building permits, less federal contracts $ 669,300 -67 245 Annual rate of deposit turnover..... 12.0 -16 7 Bank debits (thousands) ..... .. . .. . $ 53,409 -18 
Robstown (pop. 10,266) 

End-of-month deposits (thousands)t .. $ 27,945 -5 -3 
Postal receipts• ............... . .. . . $ 10,019 -22 6


Annual rate of deposit turnover .... 22.4 -15 13 Building permits, less federal contracts $ 651,108 63 241
Nonfarm placements 	632 18 7 
Bank debits (thousands) . . . ........ . $ 13,107 -17 20 End-of-month deposits (thousands)t .. $ 10,485 -7
La Feria (pop. 3,740 ') 
Annual rate of deposit turnover . 14.4 -11 15Postal receipts• .. .... . .......... .. . $ 2,951 -13 38 Building permits, less federal contracts $ 2,150 187 514 Sinton (pop. 6,500 ') Bank debits (thousands) .. .. ....... $ 2,149 -19 11 

Postal receipts• . . . . . . . . . . . . . . . . . . . . $ 9,230 8 20 
End-of-month deposits (thousandsH .. $ 1,863 7 -19 

Building permits, less federal contracts $ 400 -99 -83 
Annual rate of deposit turnover.. ... 13.4 -9 29 

Bank debits (thousands) ......... . . $ 6,804 -9 16 End-of-month deposits (thousands)t .. $ 5,999 1 2
Los Fresnos (pop. 1,289) 
Annual rate of deposit turnover.... . 13.7 15 14 

Postal receipts• ..... .............. . 1,985 1 23 
Bank debits (thousands) ........... $ 1,783 -40 20 

DALLAS SMSA

End-of-month deposits (thousands)t .. $ 1,644 -2 -14 
37 1 Collm, Dallas, Denton, Ellis, Kaufman, and
Annual rate of deposit turnover . . ... 12.9 -31 
Rockwall; pop. 1,446,100 ") 
Port Isabel (pop. 3,575) Retail sales . . . . . . . . . . . . • . . • . . . . . . . . -2 17 

5 Apparel stores . . . . . . . . . . . . . . . . . . . 11 2
Postal receipts• ....... . ... . ....... $ 3,285 -22 

2,650 -97 -96 Automotive stores . . . . . . . . . . . . . . . . 1 26
Building permits, less federal contracts $ 
-16 Drugstores . . . . . . . . . . . . . . . . . . . . . . . 4 14
Bank debits (thousands) ........... $ 2,889 -29 

-Eating and drinking places. . . . . . . 4 5End-of-month dep'.lSits (thousands)l .. $ 2,055 -40 35 
12.7 	-7 -6 F1orists .............. . .. . .... ... . 7 14 
Food stores ............... ...... . 4 5 

SAN BENITO (pop. 16,422) Furniture and household-Postal receipts• ............... $ 
Annual rate of deposit turnover.... . . 
10,265 -22 -45 appliance st.ores . .. ..... . . . .... . 20 28 
336 Gasoline and service 	stations.. . .. . -7 3Building permits, less federal contracts $ 82,604 271 
6,884 -15 7 Lumber, building.material, and
Bank debits (thousands) ........... $ 

-hardware dealers ... .. ........ . -17 40

End-of-month deposits (thousands)t . . $ 7,311 -3 6 
Annual rate of deposit turnover. 11.1 -14 12 Office, store, and school· 
supply dealers ........ ... ... . . . -28 -18 
Building permits, less federal contracts $38,903,979 4 10

CORPUS CHRISTI SMSA 

Bank debits (thousands) II $91,322,472 6 17 Nueces and San Patricio; pop. 279,700 •) End-of-month deposits (thousands)t .. $ 2,086,697 21 
-8 10

Retail sales .. .. ..... ... .. . .... . · · · · Annual rate of deposit turnover . . . . 44.9 5 2 
-7 17

Apparel stores ............... · · · · Nonfarm employment (area) . . . . . . . 656,700 7 -10 7
....... . 
Building permits, less federal contracts $ 2,933,847 -72 8 

General-merchandise stores 	Manufacturing employment (area). 164,800 12 
Percent unemployed (area) . . . . . . . . . 1.6 14 -16 
Bank debits (thousands) II $ 4,442,532 
End-of-month deposits (thousands)l . . $ 198,006 -1 2 Carrollton (pop. 9,832 ') 
Postal receipts• ..... . . . ........... . 25,428 -27 80

Annual rate of deposit turnover ... . 22.4 3 •• 
Building permits, !e;s federal contracts $ l,166,700 49 676

Nonfarm employment (area) .. ..... . 87,700 2 
Manufacturing employment (area). 10,920 2 4 

Bank debits (thousands) ....... .. . . $ 12,758 7 20 


3.8 15 .. End-of-month deposits (thousands)t .. $ 6,426 2 24
Percent unemployed (area) 
Annual rate of deposit turnover..... 23.6 2 -2 

For an explanation of symbols see p. 14. 
Percent change

Percent change Local Business Conditions Local Business Conditions 
Nov 1968 Nov 1968Nov 1968 Nov 1968 
Nov from fromNov from from 
City and item 1968 Oct 1968 Nov 1967City and item 1968 Oct 1968 Nov 1967 

DALLAS (pop. 810,000 ') McKinney (pop. 16,237 ') 
Retail sales ......... .. .......... .. . 6tt 2 14 Postal receipts• .................... $ 22,699 -1 27 
Apparel stores .................. . 7tt 11 Building permits, less federal contracts $ 137,680 -18 -10 
Automotive stores ............... . ••tt 1 34 Bank debits (thousands) . . ....... . . . $ 12,965 •• 8 
Eating and drinking places....... . 6tt 4 6 End-of-month deposits (thousands)t .. $ 15,648 21 

Florists .......................•.. 9tt 7 14 Annual rate of deposit turnover.... . 10.1 

Furniture and household-Nonfarm placements .............. . 111 13 
appliance stores ....... . . . ..... . 9tt 22 38 

Gasoline and service stations ... . 3tt -7 3 Mesquite (pop. 27,526) 
Lumber, building-material, and -4 19
Postal receipts* .... .. ... .... ....... $ 31,810 


hardware stores . . . . . . . . . . . . . . . 13tt Postal receipts• .. . .. ..... .......•.. $ 5,112,481 Building permits, less federal contracts $20,274,228 Bank debits (thousands) . .. . .. ...... $ 6,800,049 End-of-month deposits (thousands)t .. $ 1,825,143 Annual rate of deposit turnover.. ... 45.9  -20 7 9 11 5 -12  30 23 55 14 19 ••  Building permits, less federal contracts $ 2,256,354 Bank debits (thousands) .... .. .... .. $ 17,540 End-of-month deposits (thousands)t .. $ 9,819 Annual rate of deposit turnover..... 21.7 Midlothian (pop. 1,521)  143 4 2  130 31 8 25  
Denton (pop. 26,844) Postal receipts• . . . . . . . . . . . . . . . . . . . . $ Building permits, less federal contracts $ Bank debits (thousands) . .. .. . ...... $ 78,479 323,360 40,800  -1 -55 -13  31 -93 19  Building permits, less federal contracts $ Bank debits (thousands) ............ $ End-of-month deposits (thousands) l. $ Annual rate of deposit turnover...•. 12,500 1,482 1,934 9.5  -42 -9 7 -10  -88 -5 13 -12  
End-of-month deposits (thousands)+.. $ Annual rate of deposit turnover.... .  31,498 15.5  -1 -11  18 3  Pilot Point (pop. 1,603 ')  
Nonfarm  placements  ........... , .. .  128  - 26  - 9  Building permits, less federal contracts  $ 47,200  439  
Bank  debits  (thousands)  .......... . $ 2,121  9  18  
Ennis (pop. 10,250 ')  End-of-month  deposits  (thousands)t ..  $ 2,675  12  22  
Postal  receipts•  .. . ................. $  14,382  -17  2  Annual rate of deposit turnover ..... .  10.0  -15  
Building permits, less federal contract..  $ 111,975  256  
Bank debits (thousands) . .. ... . .... $ End-of-month deposits (thousands)t .. $ Annual rate of deposit turnover..... . 8,676 9,434 11.1  -- 4 •• 5  32 17 14  Richardson (pop. 34,390 ') Postal receipts• . . . . . . . . . . . . . . . . . . . . $ Building permits, less federal contracts $ 85,592 2,558,149  - 5 87  15 -45  
Farmers Branch (pop. 13,441) Building permits, less federal contracts $ 942,239 Bank debits (thousands) ...... . ... .. $ 9,786  -65 -14  176 14  Bank debits (thousands) ............ $ End-of-month deposits (thousands)t .. $ Annual rate of deposit turnover . .... 45,578 21,466 23.7  - 13  -- 5 27 23  
End-of-month deposits (thousands)t .. $ 6,225 Annual rate of deposit turnover. . . . . 19.4  6 -14  42 -14  Seagoville (pop. 4,410 ') Postal receipts• . . . . . . . . . . . . . . . . . . . . $ 11,254  19  41  
Garland (pop. 66,574 ')  Building permits, less federal contracts  $ 5,661  51  -91  
Postal  receipts•  93,379  3  31  Bank debits  (thousands)  .... . ....... $  5,665  -10  17  
Building permits, less federal contracts  4,391,308  54  184  End-of-month  deposits  (thousands)t . . $ 3,229  4  10  
Bank  debits  (thousands)  .. . . . ...... .  54,454  -15  20  Annual  rate  of deposit  turnover .....  20.6  - 6  - 2  
8nd-of-month deposits (thousands)t. Annual rate of deposit turnover ... . . .  29,603 21.5  -5 -16  - 20 3  Terrell (pop. 13,803)  
Postal  receipts*  . . . . . . . . . . . . . . . . . . . . $ 14,094  - 3  22  
Irving (pop. 86,360 ')  Building permits, less federal contracts  $ 65,400  -69  5  
Postal  receipts•  .................... $  100,443  2  26  Bank  debits  (thousands)  . . . ... . .... $  13,919  6  14  
Building permits, less federal contracts  $ 3,754,039  233  50  End-of month deposits (thousands)t  $ 12,518  
Bank debits  (thousands)  ........ .. ..  $ 62,555  14  Annual  rate of depasit turnover ... . . .  13.5  
8nd-of-month  deposits  (thousands)t ..  $ 32,445  7  29  
A.nnual  rate  of  deposit  turnover.  23.9  8  - 8  Waxahachie (pop. 15,720 ')  
Postal  receipts•  ....... . ... . ... ... ..  $ 21,421  11  
Justin (pop. 622)  Building permits, less federal contracts  $ 58,350  -39  689  
Postal  receipts•  ...... ....... ....... $  l,135  -21  41  Bank debits  (thousands)  ..... . ...... $  16,889  - 3  32  
Building permits, less federal contracts  $ 22,000  12  End-of-month  deposits  (thousands)t ..  $ 14,081  7  17  
Bank  debits  (thousands)  ........... $  1,020  - 8  - 5  Annual  rate of  deposit  turnover.....  14.9  -10  16  
End-<>f-month  deposits  (thousands)t ..  $ 1,155  2  35  Nonfarm  placements  70  -33  19  
Annual  rate  of  deposit  turnover ....  10.7  -12  -27  
Lancaster (pop. 10,117 ') Building permits, less federal c::mtract.s  $ 75,500  -46  127  Retail  sales  EL PASO S Sa (El Paso; pop. Mis,800 ")  2  
Bank debits (thousands) '. .. .. ...... $ End'-Of-month deposits (thousands)t .. $ 8,470 5,058  7 4  13 13  Apparel stores ........ .......... . Automotive storES ..............•.  24 27  12 16  
Annual  rate of  deposit  turnover. . .. .  20.5  4  3  Food  stores  ................ . . .. . .  1  8  
Lewisville (pop. 3,956)  Building permits, less federal contracts $ 4,857,614 Bank debits (thousands) II ..... ... $ 5,708,760  -52 5  -13 11  
Building permits, less federal contracts  $ 45,271  -89  End-of-month  deposits  (thousands)t .. $  220,591  5  13  
Bank debits (thousands) ........ .. . $ End-of month deposits (thousands) t $ 7,771 5,787  -11 -4  38 8  Annual rate of deposit turnover . . . . Nonfarm employment (area) . . . . . . .  26.5 111,300  7 ••  
Annual  rate  of  deposit  turnover  ....  15.8  -11  20  Manufacturing employment  (area).  20,280  3  
For an explanation of symbols see p. 14.  Percent unemployed  (area)  4.0  18  -11  


Percent change Percent change
Local Business Conditions Local Business Conditions 
Nov 1968 Nov 1968 Nov 1968 Nov 1968 Nov from from Nov from from 
City and item 

1968 Oct 1968 Nov 1967 City and item 1968 Oct 1968 Nov 1967 
EL PASO (pop. 315,000 ') North Richland Hills (pop. 8,662) 
Retail sales .... . ... .............. . 2

st Building permits, less federal contracts $ 232,450 -78 61 Apparel stores ... .... . . ... • .. .... 2t 24 12 
Bank debits (thousands) ......... . . $ 11,915 -10 15 

Automotive stores . . . . . . . . . . . . • . . . 5t 27 16 
End-of-month deposits (thousands)t.. $ 6,666 4 22 
Food stores . . . . . . . . . . . . . . . . . . . . . . 7t -1 8 Annual rate of deposit turnover. . . . . 21.8 -10 -2 

Postal receipts• .................... $ 484,400 5 21 Building permits, less federal contracts $ 4,857,214 -52 12 White Settlement (pop. 11,513) Bank debits (thousands) ............ $ 473,267 -5 6 Building permits, less federal contracts $ 209,600 25 914 End-of-month deposits (thousands)t .. $ 228,532 11 13 Bank debits (thousands) ............ $ 6,499 -8 42 Annual rate of deposit turnover. . . . . 26.1 -10 -2 End-of-month deposits (thousands)t .. $ 2,894 3 24 
Annual rate of deposit turnover ... .. . 27.3 -13 16

FORT G....~YESTO.T-~EXAS Cm S... ISA
T 

Retail sales 6 7 
<Galveston; pop. 168,600 ") 
Apparel stores . .... . ......... . •.. 2 16 

Retail sales -13 
Automotive stores ............... . 1 2 

Apparel stores .......... . ... . •... 18 •• 

Eating and drinking places ....... . 7 5 

Automotive stores ..... .. .....•.. . -28 2 Gasoline and service stations ..... . 10 
Drugstores ............. . ....•... 1 10 

Lumber, building-material, 
Food stores .. .. . ...... ... . . ... .. . 9 
and hardware dealers .. ... . . . . . -21 26 
Lumber, building-material,

Building permits, less federal contracts $22,049,969 34 36 
and hardware dealers . .. ...... . 12 29 

Bank debits (thousands) II ........ $18,266,592 4 15 

Building permits, less federal contracts $ 1,737,350 -84 20 End-of-month deposits (thousands)t.. $ 586,841 1 11 Bank debits (thousands) 11 ••••• .• • $ 2,424,396 9 15 Annual rate of deposit turnover ... . 31.3 3 5 End-of-month deposits (thousands)t.. $ 105,852 -5 9 Nonfarm employment (area) .. . . . .. . 281,500 •• 2 Annual rate of deposit turnover . . . . 22.3 9 4 

Manufacturing employment (area). 91,225 -1 2 
Nonfarm employment (area) . . . . . . . 56,200 •• 3 

Percent unemployed (area) ........ . 2.1 11 •• ..

Manufacturing employment (area). 10,700 Arlington (pop. 79,713 ') Percent unemployed (area) . . . . . . . . . 4.9 17 26 
Retail sales 5t 1 
Dickinson (pop. 4,715) 
Apparel stores .................. . 2t 3 23 

Bank debits (thousands) ....... ... .. $ 11,255 3 25

Eating and drinking places ..... . 6t 7 End-of-month deposits (thousandsH .. $ 5,623 5 9

Pasta1 receipts• . . . . . . . . . . . . . . . . . . . . $ 163,879 44 Annual rate of deposit turnover . .... 23.4 6Building permits, less federal contracts $ 5,800,100 131 65 
Bank debits (thousands) ............ $ 82,728 -8 20 GALVESTON (pop. 67,175) 
End-of-month deposits (thousandsH .. $ 42,440 7 36 Retail sales . . . . . . . . . . . . . . . . . . . . . . . . St -7 8 
Annual rate of deposit turnover ..... 24.1 -12 -9 Apparel stores . . . . . . . . . . . . . . . . . . . 2t 18 2 

Food stores . . . . . . . . . . . . . . . . . . . . . . 7t -11 5
Cleburne (pop. 15,381) 
Postal receipts• .................... $ 127,957 -9


Postal receipts• .................... $ 28,549 3 23 

Building permits, less federal contracts $ 1,198,230 -89 83Building permits, less federal contracts $ 59,650 -83 -35 Bank debits (thousands) . . . . . . . . . . . $ 119,885 4 10

Bank debits (thousands) ........ ... $ 17,359 -8 11 

End-of-month deposits (thousandsH .. $ 68,110 4 6 End-of-month deposits (thousands)t .. $ 15,748 8 

Annual rat.e of deposit turnover . . ... 20.7 5 2

Annual rate of deposit turnover . . .. . 13.3 -6 2 La Marque (pop. 13,969)
Euless (pop. 10,500 ') 
Postal receipts• ........ ..... . . ..... $ 15,817 -4 19 


Postal receipts• . .. ..... . ...... ... . . 13,541 -7 27 Building permits, less federal contracts $ 57,353 9 -67 Building permits, less federal contracts 1,031,957 587 792 
Bank debits (thousands) .. . . ....... $ 14,148 -10 23 


Bank debits (thousands) .......... .. $ 15,485 9 33 

End-of-month deposits (thousands)t .. $ 9,751 •• 22 End-of-month deposits (thousands)t .. $ 5,344 9 2 

Annual rate of deposit turnover..... 17.4 -10 2 

Annual rate of deposit turnover..... . 33.2 13 25 
HODS' lll' S 

FORT WORTH (pop. 356,268) <Brazoria, Fort Bend, Harris, Liberty and 
Retail sale• .............. . ... . .... . 3tt 

.fontgomery; pop. 1,836,700 • 
Apparel stores ................ .. . ltt 2 13 

Retail sales ............ .... · . · · · · · · 2 16 

Automotive stores . ...... ....... . . 6tt 5 9 

Apparel stores ............ .. .... . 6

Eating and drinking places....... . 5tt 7 

Automotive stores ...............• 6 35

Gasoline and service stations .... . 5tt 10 Eating and drinking places .. ..... . 7 8
Lumber, building material, and 
Food stores . . . ... . .. . ....... . ... . 2 9

hardware stores . .... . . ........ . -17tt -19 19 

Furniture and household-

Postal receipts• ........ .... .. .. ... . 1,312,164 -3 13 

appliance stores . .... .... ..... . 3

Building permits, less federal contracts $12,597,587 31 41 Gasoline a nd service stations . ... . 5 2Bank debits (thousands) .... . . . .... . $ 1,300,719 -12 8 
General-merchandise stores ....... . 40 12


End-of-month deposits (thousands)t.. $ 504,643 1 
Liquor stores . ..... . ........ . ... . 26


Annual rate of deposit turnover ..... 31.1 -13 
Lumber, building-material, and hardware dealers ......... . 
-15 2
Grapevine (pop. 4,659 ') 
Building permits, Jess federal contracts $44,657,058 -17 12Postal receipts• . ..... . . ..... . ... . . $ 8,955 -2 9 Bank debits (thousands) II ... ..... $84,139,584 3 16Building permits, less federal contracts $ 110,009 -31 857 

End-of-month deposits (thousands}t.. $ 2,318,306 -1 10

Bank debits (thousands) .......... . . $ 6,064 2 47 

Annual rate of deposit turnover . . . . 36.1 3 7End-of-month deposits (thousandsH .. $ 4,546 4 14 Nonfarm employment (area) . . . . . . . 773,400 •• 5Annual rate of deposit turnover..... . 15.7 3 28 

Manufacturing employment (area) . 139,000 
For an explanation of symbols see p. 14. Percent u nemployed (area) . . . . . . . . 2.1 17 •• 

Percent change

Percent change Local Business Conditions Local Business Conditions 
Nov 1968 Nov from from Nov from from City and item 1968 Oct 1968 Nov 1967 
Nov 1968 Nov 1968 Nov 1968 
City and item 1968 Oct 1968 Nov 1967 

Baytown (pop. 45,263 ') La Porte (pop. 7,500 ' ) Postal receipts• ... ........ ..... .... $ 46,754 -2 16 
Building permits, Jess federal contracts $ 167,500 17 544 Building permits, Jess federal contracts $ 194,641 -90 -79 
Bank debits (thousands) ............ $ 5,232 15 16 Bank debits (thousands) ...... ..... $ 52,950 -17 12 
End-of-month deposits (thousands)t .. $ 3,557 -2 10 End-of-month deposits (thousands)+ .. $ 33,162 •• 13 Annual rate of deposit turnover 17.5 12 8 Annual rate of deposit turnover..... 19.2 -15 Liberty (pop. 6,127) 
Bellaire (pop. 19,872 ') Postal receipts• .......... . .. .. ... . . $ 238,606 -13 -12 Postal receipts• .. .................. $ 10,761 13 38 
Building permits, Jess federal contracts $ 57,826 -40 90 Building permits, Jess federal contracts $ 25,000 -68 13 
Bank debits (thousands) ....... .... $ 15,151 1 31 End.-of-month depooits (thousands)+. $ 23,059 22 End-of-month deposits (thousands)t.. $ 11,979 3 Annual rate of deposit turnover..... . 22.1 •• 16 Annual rate of deposit turnover.... . 15.4 5 22 
Bank debits (thousands) .. . . . ....... $ 41,892 38 

Clute (pop. 4,463 ') Pasadena (pop. 83,000 ') Postal receipts• .. .... . ............. $ 6,533 22 Postal receipts• . . ..... ............ . $ 84,378 -3 20 Building permits, less federal contracts $ 6,350 -93 -74 Building permits, less federal contracts $ 3,215,682 -40 152 
Bank debits (thousands) ............ $ 3,821 4 8 Bank debits (thousands) ... . ....... . $ 85.457 -11 12 End-of-month deposits (thousands)+ .. $ 2,275 End-of-month deposits (thousands)t.. $ 46,581 8 23 Annual rate of deposit turnover..... . 20.3 Annual rate of deposit turnover..... 22.8 -16 -3 Conroe (pop. 9,192) 
Richmond (pop. 4,500 ') Pootal receipts• ............ ...... .. $ 50,618 42 88 
Postal receipts• . . . . . . . . . . . . . . . . . . . . $ 5,814 -34 11 
Building permits, less federal contracts $ 81,500 -89 25 

Building permits, less federal contracts $ 80,700 -53 -49 
Bank debits (thousands) ........... $ 22,274 -12 32 

Bank debits (thousands) .... . ...... $ 10,848 9 21 
End-of-month deposits (thousands)+ .. $ 17,164 5 13 

End-of-month deposits (thousands)t .. $ 10,699 •• 
Annual rate of deposit turnover.. ... 15.9 -15 20 
Annual rate of deposit turnover ..... 12.2 2 21 Dayton (pop. 3,367) 
Rosenberg (pop. 13,000 ')

Building permits, less federal contracts $ 17,350 -59 
Postal receipts• ...... ... ........... $ 13,350 -1 16

Bank debits (thousands) ........... $ 5,077 -17 3 

Building permits, Jess federal contracts $ 33,942 -84 -68
End-of-month deposits (thousands)+ .. $ 4,621 2 8 
End-of-month deposits (thousands) t. . $ 11,439 -2 -2

Annual rate of deposit turnover .... . 13.3 -20 
South Houston (pop. 7,253) 
Deer Park (pop. 4,865) Postal receipts* ... . ... . ............ $ 12,052 -26 19 

Postal receipts• .................... $ 12,731 6 41 

Bank debits (thousands) . . . . . . . . . . . . $ 10,262 4 19Building permits, less federal contracts $ 218,021 -92 -56 End,.of-month deposits (thousands) t .. $ 7,537 2 21
Bank debits (thousands) .. . ........ $ 7,770 7 21 


Annual rate of deposit turnover ..... 16.5 4 -1End-of-month deposits (thousands)+ .. $ 3,938 8 3 
Annual rate of deposit turnover... . . 24.6 8 18 
Tomball (pop. 2,025 ') Building permits. less federal contracts 60,000 20

Freeport (pop. 11,619) Bank debits (thousands) .......... .. $ 9,288 18 60
Postal receipts• .. . .............. ... $ 27,765 -7 35 
End-of-month deposits (thousands)t .. ; 7,077 -39 -32

Bank debits (thousands) ......... . .. $ 25,412 -11 
Annual rate of deposit turnover ..... 11.9 45 78

End-of-month deposits (thousands) t .. $ 14,716 5 
Annual rate of deposit turnover.... 20.2 -5 


LAREDO SMSA HOUSTON (pop. 938,219) (Webb; pop. 79,300 ) Retail sales .........•....... ...... . -2tt 6 11 Building permits, less federal contracts $ 230,650 -25 95 Apparel stores .................. . ••tt 4 6 Bank debits (thousands) II ........ $ 770,856 1 17 Automotive stores ............... . 6tt 6 36 End-of-month deposits (thousands)t . . $ 38,221 1 11 Eating and drinking places ..... . -ltt 7 -7 Annual rate of deposit turnover . . . . 20.2 4 3 Food stores ...... ....... ........ . -5tt 2 13 Nonfarm employment (area) . . . . . . . 24,400 •• 6 General·merchandise stores ....... . -lOtt 41 12 Manufacturing employment (area) . 1,340 .. 7 Lumber, building-material, Percent unemployed (area) . . . . . . . . 9.4 38 -13 and hardware stores . ......... . 5tt -14 .. 
LAREDO (pop. 71,512 ')
Postal receipts• .. .. ............... . 3,659,309 •• 19 

Postal receipts• .......... . .... .. ... $ 62,613 -8 14 

Building permits, less federal contracts $38,420,502 -5 12 
Building permits, Jess federal contracts $ 230,650 -25 95
Bank debits (thousands) .. . ...... . . . $ 5,949,553 -10 11 
Bank debits (thousands) ........... $ 62,684 4 15 

End-of-month deposits (thousands)t .. $ 2,042,587 1 9 End-of-month deposits (thousands)t .. $ 37,762 2 11Annual rate of deposit turnover..... 35.2 -10 

Annual rate of deposit turnover. ... . 20.1 7 2 Humble (pop. 1,711) Nonfarm placements 400 -32 -24 Postal receipts• ....... .. ........... $ 5,681 -46 20 
LUBBOCK SMSA

Building permits, less federal contracts $ 60,633 120 -7 Bank debits (thousands) ..... . .... . $ 6,237 4 26 (Lubbock; pop. 198,600 •) End-of-month deposits (thousands)t.. $ 5,267 26 Retail sales 9 Annual rate of deposit turnover..... 14.7 3 3 Automotive stores ........... .. .... . 14 2 
Building permits, Jess federal contracts $ 5,875,201 36 334 

Katy (pop. 1,569) Bank debits (thousands) II ........ $ 3,710,592 6 2 Building permits, less federal contracts $ 72,275 70 End-of-month deposits (thousands)t .. $ 157,798 3 2 Bank debits (thousands) ........... $ 4,411 6 43 Annual rate of deposit turnover . . . . 23.2 4 End-of-month deposits (thousands)t .. $ 3,793 1 24 Nonfarm employment (area) . . . . . . . 65,100 
Annual rate of deposit turnover ..... 14.0 7 21 Manufacturing employment (area). 7,050 
..
Percent unemployed (area) 3.1 11For an explanation of symbols see p, 14. 

Percent change 	Percent change
Local Business Conditions 	Local Business Conditions 
Nov 1968 Nov 1968 Nov 1968 Nov 1968 Nov from from Nov from from City and item 1968 Oct 1968 Nov 1967 City and item 1968 Oct 1968 Nov 1967 
LUBBOCK (pop. 170,025 ') 	McALLEN (pop. 35,411 ') Retail sales . .............. . ....... . -5t -8 -2
Retail sales ......... .. .......... .. . -5t 9 2 

Postal receipts• . . . . . . . . . . . . . . . . . . . . $ 51,249 	13
Automotive stores .. . ............ . -5t 14 2 

Building permits, less federal contracts $ 803,075 97 309

Postal receipts• . . ... .. ............. $ 286,817 -12 11 
Bank debits (thousands) ............ $ 47,380 -11 13

Building permits, less federal contracts $ 5,850,201 35 332 E:nd-of-month deposits (thousands)t .. $ 32,691 1 16
Bank debits (thousands) . ........... $ 302,802 •• 	•• 

Annual rate of deposit turnover.. ... . 17.5 -11 -1

End-of-month deposits (thousands)t .. $ 147,895 2 Nonfarm placements ......... . ..... . 235 -77 -70
Annual rate of deposit turnover .. ... 24.7 2 Mercedes (pop. 11,843 ') Postal receipts• . ........... ... ..... $ 8,126 10 24
Slaton (pop. 6,568) 

Building permits, less federal contracts $ 33,464 -50 14 Postal receipts• . . . . . . . . . . . . . . . . . . . . $ 5,313 -4 -1 debits (thousands) ..
Bank ...... . .... $ 7,098 22 Building permits, less federal contracts $ 58,000 
End-of-month depasits (thousands)t.. $ 5,092 -10 7 Bank debits (thousands) . . ......... $ 5,359 4 Annual rate of deposit turnover ..... 15.8 3 11 End-of-month deposits (thousands)t .. $ 4,212 2 Annual rate of deposit turnover ..... 15.0 
Mission (pop. 14,081) Postal receipts• .................... $ 13,265 -2 13 Building permits, less federal contracta $ 16,580 -42 26 

l\lcALLEN-PHARR-EDINBURG SMSA 	Bank debits (thousands) ............ $ 16,936 10 34 End-of-month deposits (thousands)t .. $ 12,186
(Hidalgo; pop. 177,100 •) 	4 8 
Annual rate of deposit turnover 17.0 15 21 
Retail sales -3 1 
Apparel stores 10 2 PHARR (pop. 15,279 ') 
Postal rece.ipts• .. ..... ..... ...... .. $ 8,290 -7 20

Automotive stores ......•. ... .. . . -15 1 Building permits, less federal contracts $ 42,770 -35 -27
Drugstores ....... . ........... .. . -4 8 
Bank debits (thousands) .... ........ $ 5,428 -10 11

Food stores 13 13 End-of-month deposits (thousands)t .. $ 5,406 5 14
Furniture and household-Annual rate of deposit turnover . .... 11.8 -1 -7
appliance stores ...............• 21 -2 
Gasoline and service stations .... . 6 

San Juan (pop. 4,371)
General-merchandise stores . ... . .. . 8 19 

Postal receipts• . . . . . . . . . . . . . . . . . . . . $ 3,810 -11 10 Lumber, building-material, 
Building permits, less federal contracts $ 3,230 8 -11and hardware dealers .......... . 2 -26 
Bank debits (thousands) ......... .. . $ 2,764 -1 
Building permits, less federal contracts $ 1,210,430 -48 139 

End-of-month deposits (thousands)t .. $ 3,240 5 10 
Bank debits (thousands) II ...... .. $ 1,532,844 -12 4 

Annual rate of deposit turnover .. . . . 10.5 2 -11 End-of-month deposits (thousands)t .. $ 89,306 3 •• Annual rate of deposit turnover .... 17.4 -13 5 Weslaco (pop. 15,649) Nonfarm employment (area) 46,000 4 Postal receipts• . ......... ... ....... $ 15,248 -10 32 Manufacturing employment (area). 4,920 18 Building permits, less federal contracts $ 125,100 86 113 Percent unemployed (area) ........ . 7.0 25 6 Bank debits (thousands) ... . ....... $ 10,496 -19 2 End-of-month depasits (thousands) t .. 12,322 .. 7 Annual rate of deposit turnover ..... 10.2 -18 9
Alamo (pop. 4,121) 
Building permits, less federal contracts $ 3,350 775 -44 _HDLAND Sl\ISA 
Bank debits (thousands) .......... . $ 2,500 -12 17 Midland· pop 65,200 •) 
End-of-month dePQSits (thousands)t .. $ 1,803 7 20 1 7

Retail sales 
Building permits, less federal contracts $ 262,880 57 -11 Bank debits (thousands) II ........ $ 1,772,868 4 3 End-of-month dePQSits (thousands)t .. $ 128,301 -1 

Donna (pop. 7,612 ') 	Annual rate of deposit turnover ... . 13.7 -4 
Annual rate of deposit turnover ..... 17.2 -13 	8 
Building permits, less federal contracts $ 28,587 -12 120 Nonfarm employment (area) b ..... . 60,900 •• 
Manufacturing employment (area) b 4,770 -2

Bank debits (thousands) . .. ... ..... . $ 3,340 -11 -33 
Percent unemployed (area) b ... 3.1 35

End-of-month deposits (thousands)t .. $ 5,189 2 
Annual rate of deposit turnover ..... 7.8 -21 -36 MIDLAND (pop. 62,625) 

Retail sales ... . . . .. .. ............. . -5t 7 
Postal receipts .. . .......... . . .. .... $ 135,046 -18 4


EDINBURG (pop. 18,706) 
Building permits, less federal contracts $ 262,880 -57 	11

-
Postal receipts• .................... $ 21,382 -14 Bank debits (thousands) ... $ 137,764 

8 3 
Building permits, less federal contracts $ 135,829 -92 17 End-of-month deposits (thousands)t .. $ 132,022 2 7 

Bank debits (thousands) ..... $ 24,986 -19 18 Annual rate of deposit turnover . . .. . 12.6 9 3 
End-of-month deposits (thousands)t .. $ 13,201 -3 Nonfarm placements 

676 -21 2 
Annual rate of deposit turnover.. .. . 22.4 -18 17 
Nonfarm placements . ..... . 337 -29 30 ODESSA S s 
:::'.: " POP 83 

Retail sales 7 	14 

Elsa (pop. 3,847) Building permits, less federal contracts 943,035 45 425 Building permits, less federal contracts $ 18,445 87 58 Bank debits (thousands) II 1,370,616 -6 8 Bank debits (thousands) ........... $ 3,035 -24 12 End-of-month deposits (thousands) t .. 69,265 12 12 End-of-month deposits (thousands)t .. $ 2,433 22 4 Annual rate of deposit turnover ... . 20.9 -6 2 Annual rate of deposit turnover . .... . 16.5 -27 13 Nonfarm employment (area) b ..... . 60,900 •• 2 
Manufacturing employment (area) b 4,770 -2 3 Percent unemployed (area) b . .. . . . 3.1 35 ••

For an explanation of symbols see p. 14. 
Percent cha~1ge 	Percent change
Local Business Conditions 	Local Business Conditions 
Nov 1968 Nov 1968 Nov 1968 Nov 1968 Nov from from Nov from from City and item 1968 Oct 1968 Nov 1967 City and item 1968 Oct 1968 Nov 1967 
Schertz (pop. 2,867 r)

ODESSA (pop. 80,338 r) Postal receipts• .................... $ 2,502 -11 14
Retail sales ................ . ...... . -5t 7 14 
Bank debits (thousands) ........... $ 587 -17 1

Postal receipts• . . . . . . . . . . . . . . . . . . • • $ 118,822 •• 28 Building permits, less federal contracts $ 943,035 45 425 End-of-month deposits (thousands)l .. $ 1,141 4 16 Annual rate of deposit turnover . . .. 6.3 -17 -11Bank debits (thousands) . .. ...... .. $ 107,196 -12 3 End-of-month deposits (thousands)+ .. $ 65,923 4 1 Annual rate of deposit turnover.... . 19.1 9 2 Nonfarm placements . .... . ........ . 651 51 Seguin (pop. 14,299) 
Postal receipts• ... . .. . ............. $ 20,220 34 26 Building permits, less federal contracts $ 160,711 -16 -51 SAN ANGELO SMSA Bank debits (thousands) ..... ....... $ 16,393 -17 5 End-of-month deposits (thousands)l .. $ 17,394 3
(Tom Green; pop. 75,200 •) 

Annual rate of deposit turnover..... 11.5 -17 •• Retail sales 8 Building permits, less federal contracts $ 232,378 -50 -43 Bank debits (thousands) II .. ...... $ 1,109,040 7 21 
SHERMA!ll-DENISON SMSA 

End-of-month deposits (thousands)+ .. $ 64,673 1 7 
(Grayson; pop. 80,500 •) 

Annual rate of deposit turnover ... . 17.2 	8 13 
Nonfarm employment (area) ....... . 23,500 	•• 3 Retail sales 12 11 

Manufacturing employment (area). 3,750 -2 •• Apparel stores ......... . ......... . 9 13 
Percent unemployed (area) .. . ..... . 3.6 38 •• Automotive stores .......... . . . .. . 14 10 

Building permits, less federal contracts $ 1,600,462 	48 189 
Bank debits (thousands) II ........ $ 907,860 2 9 

End-of-month deposits (thousands)t .. $ 57,722 2
SAN ANGELO (pop. 58,815) 

Annual rate of deposit turnover .. .. 15.9 Retail sales ...................... . . -5t 8 3 Postal receipt.s• ............. . $ 132,387 9 Building permits, less federal contractf) $ 232,378 -50 -43 
DENISON (pop. 25,766 ') 
Bank debits (thousands) ..... ....... $ 84,948 6 15 End-of-month deposits (thousands)+ .. $ 65,449 7 Retail sales . . . . . . . . . . . . . . . . . . . . . . . . -5t 10 Annual rate of deposit turnover . .. .. . 15.6 8 Postal receipts• .... . .. ...... ....... $ 36,188 -6 44 
Building permits, less federal contracts $ 133,060 -57 -23 Bank debits (thousands) .. ....... . . $ 26,608 5 10 End-of-month deposits (thousands)l .. $ 19,118 2 4 
SAN ANTONIO SMSA 	Annual rate of deposit turnover..... 16.9 5 Nonfarm placements . . . . . . . . . . . . . . . 161 -20
exar and Guadalupe; pop. 837,100 •) 

Retail sales .. ... ... .. . . . ....... ... . 4 
Apparel stores .. .. . . . ......... . . . 16 SHERMAN (pop. 30,660 r) 
Automotive stores . . ........... . . . •• 10 

Postal receipts• ........ . . .......... $ 48, 788 14 14 Eating and drinking places .. . .. . •• 1 
Building permits, less federal contracts $ l,467,402 106 322 General-merchandise stores ....... . 34 2 
Bank debits (thousands) ... ......... $ 43,390 -10 
Lumber, building-material, 

End-of-month deposits (thousands) t . . $ 27,934 ••
and hardware dealers .......... . -25 

Annual rate of deposit turnover. .. . . 18.6 -11 2
Bujlding permits, less federal contracts $ 4,907,539 -39 -69 

Nonfarm placements .... ... ....... . 637 80 336 Bank debits (thousands) II ........ $15,468,444 13 End-of-month deposits (thousands)+ .. $ 587,845 -1 10 Annual rate of deposit turnover . . . . 26.2 4 4 Nonfarm employment (area) . . . . . . . . 272,800 •• 4 T~ ""' l ANA SMSA Manufacturing employment (area). 31, 725 8 
', excluding Mil er, Ark.; pop. ' ,5

Percent unemployed (area).. . ...... 3.8 •• Retail sales 
8 14 Building permits, less federal contracts $ 59,625 -77 -90 Bank debits (thousands) II ... ..... $ 1,520,388 16

SAN ANTONIO (pop. 726,660 r) 
End-of-month deposits (thousands)+ . . $ 70,377 13 
Retail sales ...................... . . -Itt 2 Annual rate of deposit turnover . . . . 21. 7 4 1 
Apparel stores ................... . 3tt 16 Nonfarm employment (area) 44,200 .. 
Automotive stores .. . . ........... . ••tt Manufacturing employment (area). 15,730 

21 Eating and drinking places ..... . 4tt •• Percent unemployed (area) . . . . . . . . . 2.6 
18 -10 
General-merchandise stores ....... . 11tt 34 
Lumber, building-material, 
and hardware stores ......... . . . -16tt -29 •• 


TEXARKANA (pop. 50,006 r)
Postal receipts• . . . . . . . . . . . . . . . . . . . . 1,325,898 1 24 
Building permits, less federal contracts $ 4,424,678 -	42 -70 Retail sales St
-8 14 Bank debits (thousands) ....... . ... $ 1,162, 733 -10 8 Postal receipts• .................... $ 94,613 -21 19 
End-of-month deposits (thousands)l.. 572,450 10 Building permits, less federal contracts $ 59,625 
-77 -89 Annual rate of deposit turnover. . . . . 24.5 -10 -1 Bank debits (thousands) ..... . ..... $ 115,672 -11 14 
End-of-month deposits (thousands)l .. $ 30,222 14
-1 Annual rate of deposit turnover ..... 23.9 
-13 -3 

For an explanation of symbols see p. 14. 
al Business Conditions  Percent change  Local Business Conditions  Percent change  
Nov 1968  Nov 1968  Nov 1968  Nov 1968  
City and it.?m  Nov 1968  from Oct 1968  from Nov 1967  City and it.?m  Nov 1968  from Oct 1968  from Nov 1967  

s  WACO  (pop. 103,462)  
(Smith; pop. 99,100 ii sales .. . ......•.............. !\.pparel stores .................. . Drugstores ....... , . , .... , ... .... . ilding permits, less federal contracts $ 1,816,011 nk debits (thousands) JI .......• $ 1,990,872 td-of-month deposits (thousands)t .. $ 92,144 nual rat.? of deposit turnover . . . . 21.6  -11 10 -1 312 2 ••  •• 23 7 577 17 10 9  Retail sales ........... , ........ , , .. Apparel stores ...... , , ..... , , , .. . Automotive stores ............... . Postal receipts• .... . ............... $ Building permits, less federal contracts $ Bank debits (thousands) ............ $ End-of-month deposits (thousands)t .. $ Annual rate of deposit turnover.....  5t 2t 5t 271,894 922, 761 183, 799 98,328 22.4  ------ 2 7 14 2 11 10 •• 7  17 18 23 9 35 12 1 11  
nfarm employment (area) . . . . . . . Manufacturing employment (area). •rcent unemployed (area)..........  36,500 10,340 2.3  - 5 8 15  LHllA .t<ALLS Sr ::iA ~rcher ard W1ch1ta; POP. 132.2C  
YLER (pop. 51,230) •tail sales ..... .. ...... ....•. .... '4.pparel stores ..... , ...... . ..... . Drugstores ...................... . ta! receipts .................... . ilding permits, less federal contracts rnk debits (thousands) ........... $ d-of-month deposits (thousands)t .. $ 5t 2t 2t 142,283 1,816,011 148,014 82,756  -11 10 -1 6 314 7 -2  •• 23 7 11 577 14 9  Retail sales Building permits, less federal contracts $ 556,043 Bank debits (thousands) II ............ $ 2,356,392 End-of-month deposits (thousands)t .. $ 117,718 Annual rate of deposit turnover . . . . 20.0 Nonfarm employment (area) . . . . . . . 50,300 Manufacturing employment (area). 5,050 Percent unemployed (area) . . . . . . . . . 2.1  -- 10 2 •• 3.. •• 11  - 19 17 13 6 8 12 16  
nual rate of deposit turnover ..... onfarm placements  21.3 342  -- 4 48  - 6 26  Burkburnett (pop. 7,621)  
WACO SMS  Building permits, less federal contracts $ Bank debits (thousands) ..... ... ... . $ 32,200 8,407  - 53  7  
!tail sales  M1..Lenlla:ri.; pop. 148,400 ') . . . . . . . . . . . . . . . . . . . . . • . .  - 2  17  End-of-month deposits (thousands)t .. $ Annual rate of deposit turnover..... .  5,160 19.7  1 5  5  
Apparel  stores  .. ........... .. , , , .  - 7  18  
Aut.omotive stores ............... . uilding permits, less federal contracts ank debits (thousands) II nd-of-month deposits (thousands)t .. nual rate of deposit turnover ... . onfarm employment (area) ...... . Manufacturing employment (area) . ercent unemployed (area) ........ . 952,261 $ 2,496,996 $ 111,864 22.5 58,200 13,410 4.9  -14 9 5 7  23 30 9 9 3 6 29  Iowa Park (pop. 5,152 ') Building permits, less federal contracts $ Bank debits (thousands) ........... $ End-of-month deposits (thousands )t .. $ Annual rate of deposit turnover..... WICHITA FALLS (pop. 115,340 ') 3,040 3,618 3,768 11.5  - 87 9 1 8  913 18 5 13  
McGregor (pop. 4,642)  Retail sales ....................... . Postal receipts• ............... . . ... $  -5t 170,597  19  
uilding permits, less federal contracts  $ 3,600  620  Building permits, less federal contracts  $ 520,803  26  28  
ank debits (thousands) . . . . . . . . . . $ nd-of-month deposits (thousands)t.. $ nnual rate of deposit turnover ..... . 5,058 7,967 7.5  - 10 2 10  --- 11 2 12  Bank debits (thousands) ........... $ End-of-month deposits (thousands)t .. $ Annual rate of deposit turnover ..... 162,664 102,481 19.1  -- 10 1 11  8 6 2  



LBANY (pop. 2,174) uilding permits, less federal contracts 18,000 20 200 onk debits (thousands) ........... $ 3,197 9 6 nd-of-month deposits (thousands)t .. $ 4,291 .. 5 nnual rate of deposit turnover ..... 8.9 2 
LPINE (pop. 4,740) 
ta! receipts• .................... $ 6,243 -26 -3 ilding permits, less federal contracts $ 20,000 -39 -84 5,146

nk debits (thousands) ............ $ nd-of-month deposits (thousands)t .. $ nnual rate of deposit turnover  6,116 10.0  9  7 16 8  
NDREWS (pop. 13,450 ') tat receipts• ................... . uilding permits, less federal contracts nk debits (thousands) ........... $ d-of-month deposits (thousands)t .. $ nnual rate of deposit turnover .....  10,023 5,400 6,773 7,935 10.5  -18 -99 -10 5 -13  26 140 7 6 8  
r an explanation of symbols see p. 14.  


T 
ANGLETON (pop. 9,131) 
Postal receipts• .................... $ Building permits, less federal contracts $ Bank debits (thousands) ...... , . .. , . $ End-of-month deposits (thousands)t .. $ Annual rate of deposit turnover..... 
ATHENS (pop. 10,260') 
Postal receipts• .................... $ Building permits, less federal contracts $ Bank debits (thousands) ........... $ End-of-month deposits (thousands)t .. $ Annual rate of deposit turnover 
BAY CITY (pop. 11,656) 
Postal receipts• .................... $ 
Building permits, less federal contracts $ 
Bank debits (thousands) ........... $ 
End-of-month deposits (thousands)t .. $ 
Annual rate of deposit turnover ..... . 
Nonfarm placements .............. . 

.t\ 
12,700 93,025 17,260 13,689 
15.7 
17,537 75,000 13,225 12,171 
13.1 
24,008 18,600 23,756 30, 781 
9.3 59 
.t\ 
8 
-55 1 7 2 
-14 -33 
3 
14 -72 -13 
-15 -20 
-23 34 13 
-7 16 
20 564 19 15 5 
15 -67 14 5 8 8 

Percent change

Percent change Local Business Conditions Local Business Conditions 
Nov 1968 Nov 1961Nov 1968 Nov 1968 
Nov from from Nov from from 
City and item 1968 Oct 1968 Nov 196: 1968 Oct 1968 Nov 1967City and item 
BRYAN (pop. 33,141 ') BEEVILLE (pop. 13,811) 
Postal receipts• 43,390 -7 23 

Postal receipts• . ................... $ 17,638 -17 22 ···················· $ 

Building permits, less federal contracts $ 1,155,800 20 128 Building permits, less federal contracts $ 15,790 -91 -78 
Bank debits (thousands) . ....... . . .. $ 60,007 -14 5 

Bank debits (thousands) .. . ........ $ 15,429 -13 7 

End-of-month deposits (thousands)t .. $ 33,100 -7 18 End-of-month deposits (thousands)t .. $ 17,834 4 14 
Annual rate of deposit turnover ... . . 20.9 -17 -15 Annual rate of deposit turnover.... . 10.6 -15 -4 
Nonfarm placements 252 -2 -7 

4 -21 ········ ·· ····· 
Nonfarm placements .............. . 85 

CALDWELL (pop. 2,204 ')

BELLVILLE (pop. 2,218) Postal receipts* .................. .. $ 3,835 -3 33 Building permits, less federal contracts $ 0 Bank debits (thousands) ........... $ 3,341 -6 3 Bank debits (thousands) ... ..... . . . . $ 4,516 -22 -32 End-of-month deposits (thousands)t . . $ 4,844 -2 -2 End-of-month deposits (thousands)t .. $ 6,138 2 Annual rate of deposit turnover..... 8.2 -7 4 Annual rate of deposit turnover . ... 8.9 -23 -32 
CAMERON (pop. 5,640) BELTON (pop. 10,000 ') Postal receipts• . ............ . ...... $ 4,877 -42 -16 Postal receipts• ...... ............ . 14,611 -3 30 Bank debits (thousands) . .......... $ 7,685 4 24 Building permits. less federal contracts $ 26,600 -85 -27 End-of-month deposits (thousands)t .. $ 6,854 5 10 End-of-month deposits (thousands)t .. $ 11,299 2 13 Annual rate of deposit turnover..... 13.8 -1 18 
BIG SPRING  (pop. 31,230)  CASTROVILLE (pop. 1,800 ')  
Postal receipts• ... . . .. . ............ $ Building permits, less federal contracts $ 42,753 32,139  -2 -52  19 -60  Bank debits (thousands) ·· ········· $ 1,068 End-of-month dePosits (thousands) t .. $ 1,333  - 9 ••  16 1  
Bank debits  (thousands)  ............ $  49,163  -12  7  Annual rate of deposit turnover.... ..  9.6  - 8  14  
End-of-month  deposits  (thousands)t .. $ 30,499  - 1  11  
Annual  rate  of  deposit  turnover . . . . .  19.3  -14  4  CISCO (pop. 4,499)  
.Nonfarm  placements  ......... . .... .  131  - 24  - 2  Postal  receipts•  .................. .. $  5,629  -29  6  
Bank debits  (thousands)  ............ $  4,619  -11  - 2  
BONHAM (pop. 9,506 ')  End-of-month  deposits  (thousands)t .. $  4,399  3  1  
Postal  receipts•  ............ . ...... $  11,134  27  38  Annual  rate  of  deposit  turnover .....  12.8  - 7  - 7  
Building permits, less federal contracts $ Bank debits (thousands) ........... $  19,500 11,013  15 3  10 9  COLLEGE STATION  (pop. 18,590 ')  
End-of-month  deposits  (thousands)t .. $  10,589  1  11  Postal  receipts•  ........... . .... .. .. $  31,715  - 5  18  
Annual  rate  of  deposit  turnover.....  12.4  8  - 1  Building permits, less federal contracts $  784,718  563  620  
Bank debits  (thousands)  ........ ... . $ 7,838  -19  4  
BORGER (pop. 20,911) Postal receipts• . ..... . . . ... . . ..... . $ 26,703  29  End-of-month deposits (thousands)t .. Annual rate of deposit turnover... ..  $ 5,985 15.5  -3 -16  7 -4  
Building permits, less federal contracts $ Nonfarm p:acements . ..... , ....... . 4,450 73  -12  -34  COLORADO CITY (pop. 6,457) Postal receipts• ·· ···· ·············· $  6,566  4  - 4  
Bank  debits  (thousands)  . . . . . . . . . . . $  5,888  1  4  
BRADY (pop. 5,338)  End-of-month  deposits  (thousands)t ..  $ 7,183  3  5  
Postal  receipts•  . . ... ............... $  6,389  -35  14  Annual  rate  of  deposit  turnover . . . . .  10.0  - 4  1  
Building permits, less federal contracts  $ 4,650  -87  18  
Bank debits  (thousands)  .. ... ... . .. . $ 8,839  -13  17  COPPERAS COVE (pop. 10,202 ')  
End-of-month  deposits  (thousands)t .. $  7,538  - 1  9  Postal  receipts•  . . . . . . . . . . . . . . . . . . . . $  7,388  -10  11  
Annual  rate  of  deposit  turnover.....  14.0  -14  8  Building permits, less federal contracts  $ 121,360  -25  -13  
Bank  debits  (thousands)  . . . . . . . . . .. $  3,536  -28  37  
BRENHAM  (pop. 7,740)  End-<>f-month  deposits  (thousands)t..  $ 2,234  -12  42  
Postal  receipts•  .. ............ .. .... $  15,809  11  23  Annual  rate  of  deposit  turnover.....  17.8  -23  - 3  
Building permits, less federal contracts $ Bank debits (thousands) ......... . .. $ 129,580 17,806  50 3  -77 10  CORSICANA (pop. 20,344)  
End-of-month  deposits  (thousands)t . . $ 17,561  1  13  Postal  receipts*  ·· ········ ·· ········  $ 101,497  46  4  
Annual  rate  of  deposit  turnover. . ...  12.1  3  - 2  Building permits, less federal contracts  $ 489,061  13  185  
Bank  debifa  (thousands)  ··········· $  28,003  -10  5  
BROWNFIELD  (pop. 10,286)  End-of-month deposits (thousands)t .. Annual rate of deposit turnover.....  $ 25,457 13.3  1 -14  6 2  
Postal  receipts•  .... ....... ..... .. .. $  13,254  -11  33  Nonfarm  placements  ······· ······ ··  300  - 5  I  
Bank  debits  (thousands)  . .. .. ... . .. $ 17,679  -13  - 8  
End-of-month  deposits  (thousands)t ..  $ 14,220  - 4  -11  CRYSTAL CITY  (pop. 9,101) 
Annual  rate  of deposit  turnover .....  14.6  -12  - 3  Building permits, less federal contracts  $ 57,458  13  -17  
Bank  debits  (thousands)  . . . . . . . . . . . $  4,477  - 5  11  
BROWNWOOD (pop. 16,974)  End-<>f-month  deposits  (thousands) t ..  $ 3,006  - 6  -6  
Postal  receipts•  . . . . . . . . . . . . . . . . . . ..  33,333  - 7  11  Annual  rate  of  deposit  turnover ....  17.3  - 6  12  
Building permits, less federal contracts  $ 28,500  -63  -74  
Bank debits (thousands) .... .. .. ... $ End-of-month deposits (thousands)t .. $  21,966 14,672  -16 ••  9 4  DECATUR (pop. 3,563) Building permits, less federal contracts  $  0  ...  ...  
Annual  rate of deposit  turnover .....  18.0  -18  Bank  debits  (thousands)  ... .... .... $  4,629  3  1  
Nonfarm  placements  . . . . . . . . . .. . . . .  104  - 21  - 19  End-of-month  deposits  (thousands)t ..  $ 5,264  28  11  
Annual  rate of deposit  turnover .....  11.8  - 2  1(  
For an explanation of symbols see p. 14.  
24  TEXAS BUSINESS REVIE'  

Percent change 	Percen·t change
.ocaJ. Business Conditions 	Local Business Conditions 
Nov 1968 Nov 1968 Nov 1968 Nov 1968 Nov from from Nov from from City and item 1968 Oct 1968 Nov 1967 City and item 1968 Oct 1968 Nov 1967 
GIDDINGS (pop. 2,821)IEL RIO (pop. 23,290 ') 
Postal receipts• .. ... ............ . .. $ 5.888 5 27 
ta! receipts• ................•... $ 23,066 -9 18 

Building permits, less federal contracts $ 26,470 301 -1 uilding permits, less federal contracts $ 147,260 36 -30 
Bank debits (thousands) ........... $ 5,421 4 5 
nk debits (thousands) ........... $ 17,141 -12 6 

End-of-month deposits (thousandsJi.. $ 6,010 7 12 d-of-month deposits (thousands)t . . $ 20,094 -1 4 
Annual rate of deposit turnover..... . 11.2 7 -4 
nnual rate of deposit turnover . . ... 10.2 -13 

GLADEWATER (pop. 5,742) 
Postal receipts• .. ............. ..... $ 7,215 -7 -9

~AGLE LAKE (pop. 3,565) Buildinll' permits, 1""s federal contncts $ 51,700 119 18 
ank debits (thousands) .... ........ $ 4,270 -24 24 

Bank debits (thousands) . . . . . . . . . . . . $ 5,322 -19 3 :nd-of-month depoeits (thousandsJi .. $ 5,874 •• End-of-month deposits (thousands)t.. $ 4,852 -6 8 nnual rate of deposit turnover ..... 8.7 -19 21 
Annual rate of deposit turnover..... 12.8 -13 2 Nonfarm employment (area) c 34,800 •• 4 Manufacturing employment (area) c 9,870
~AGLE PASS (pop. 12,094) 	1 12 
Percent unemployed (area) c ...... . . 3.0 36 11 
ostal receipts• .................... $ 15,364 2 30 
uildinll' permits, less federal contracts $ 79,030 -16 -29 

GOLDTHWAITE (pop. 1,383)
lank debits (thousands) .. .. .. ... .. $ 7,440 -13 -17 
P ostal receipts• .............. .. .. .. $ 4,105 38 32 

'nd-of-month deposits (thousandsJi.. $ 4,943 -1 Bank debits (thousands) .. .. . . ..... $ 5,356 -15 30 nnual rate of deposit turnover .. . . 18.0 -13 -19 End-of-month deposits (thousands)t .. $ 4,244 -2 -28 Annual rate of deposit turnover ..... . 15.0 -13 83 
i':DNA (pop. 5,038) GRAHAM (pop. 9,326 ') 
'ostal receipts• .................... $ 6,052 -33 -20 

Postal receipts• .................... $ 11,615 -10

3uildinll' permits, less federal contracts $ 99,630 142 109 Buildinll' permits, less federal contracts $ 1,560 -95
lank debits (thousands) . .. ......... $ 8.286 -8 

Bank debits (thousands) ........... $ 12,174 8 15

Cnd-of-month deposits (thousandsJi.. $ 8,690 3 End-of-month deposits (thousands>: . . $ 11,731 13 ~nnual rate of dePoBit turnover... .. . 11.6 -16 
Annual rate of deposit turnover 12.4 7 2 

GRANBURY (pop. 2,227) 
Postal receipts• ........... ..... .... $ 4,994 7 28 

WRT STOCKTON (pop. 6,373) 
'ostal receipts• ........... ........ $ 9,300 -9 37 

Bank debits (thousands) ............ $ 3,044 20 32

3uildinll' permits, less federal contracts $ 57,000 -23 -18 End-of-month deposits (thousands) t .. $ 3,866 11 26
lank debits (thousands) ........... $ 11,941 8 30 

Annual rate of deposit turnover ..... . 9.9 10 4
Cod-of-month depoeits (thousands)t .. $ 10,488 10 17 
nnual rate of deposit turnover .... 14.3 16 GREENVILLE (pop. 22,134 ') Postal receipts• .................... $ 41,777 2 21 
l.l'REDERICKSBURG (pop. 4,629) 	Building permits, less federal contracts $ 339,541 -37 59 Bank debits (thousands) ... . ...... . $ 34,663 5 -12
'ostal receipts• . . . . . . . . . . . . . . . . . . . . $ 10,489 -7 20 End-of-month deposits (thousands)t .. $ 24, 764 3 28
3uildinll' permits, less federal contracts $ 40,850 126 -32 Annual rate of deposit turnover . . .. . 17.0 2 -30
lank debits (thousands) ............ $ 13,751 -10 
Nonfarm placements .............. . 141 -31

Cnd-of-month deposits (thousands)t .. $ 11,351 1 13 nnual rate of deposit turnover ..... 14.6 -9 8 HALLETISVILLE (pop. 2,808) Building permits, less federal contracts $ 37,950 rnIONA (pop. 3,149 ') Bank debits (thousands) ........... $ 3,959 5 14 End-of-month deposits (thousands)t .. $ 7,388 7 6
Building permits, less federal contracts $ 90,500 251 229 
Annual rate of deposit turnover..... . 6.7 2 14

lank debits (thousands) . . . . . . . . . . . $ 18,939 8 48 Cnd-of-month deposits (thousands)t .. $ 6,366 2 16 lnnual rate of deposit turnover..... 35.4 22 HALLSVILLE (pop. 1,015 ') 
Bank debits (thousands) ....... ..... $ 1,064 End-of-month deposits (thousands)t .. $ 1,298 :iATESVILLE (pop. 5,180 ') Annual rate of deposit turnover.... . . 9.8 
'ostal receipts• . . ... ........ . ...... $ 6,639 -36 12 

HASKELL (pop. 4,016)

lank debits (thousands) ....... . ... $ 7,872 -2 3 Cnd-of-month deposits (thousands)t .. $ 8,079 •• 11 Building permits, less federal contracts 30,000 -9 233 nnual rate of deposit turnover .... . 11.7 -4 -5 Bank debits (thousands) ........... $ 4,744 -11 -11 End-of-month deposits (thousands)t .. $ 5,889 9 3 Annual rate of deposit turnover.. ... . 10.1 -18 -12 ;EORGETOWN (pop. 5,218) HENDERSON (pop. 11,477 ')
luilding permits, less federal contracts $ 77,100 18 99 
Postal receipts• ... . .............. . . $ 16,387 -19 7


lank debits (thousands) ............ $ 5,906 -18 

Building permits, less federal contracts $ 11,750 -83 -76Gnd-of-month deposits (thousands)t .. $ 7,551 -4 10 

Bank debits (thousands) ........... $ 13,817 4 9


i nnual rate of deposit turnover . .... 9.2 -17 -4 
End-of-month deposits (thousands)t .. $ 17,412 3 13 Annual rate of deposit turnover ..... 9.4 5 3 or an explanation of symbols see p. 14. 
Percent change Percent change
Local Business Conditions Local Business Conditions 
Nov 1968  Nov 1968  Nov 1968  Nov 19  
Nov  from  from  Nov  from  from  
City and item  1968  Oct 1968  Nov 1967  City and item  1968  Oct 1968  Nov 19E  
HEREFORD (pop. 9,584 r)  KIRBYVILLE (pop. 2,021 r) 
Postal receipts• .................... $ Building permits, less federal contracts $ Bank debits (thousands) . .. . ...... .. $ End-of-month deposits (thousands)+ .. $ Annual rate of deposit turnover ..... .  24,848 257,400 39,891 18,564 24.6  -20 7 9 4  46 26 12 9  Postal receipts* .................... $ Bank debits (thousands) .... ....... $ End-of-month deposits (thousands)t .. $ Annual rate of deposit turnover... ..  5,331 2,921 4,850 7.3  -13 -5 2 -6  13 29 15 14  
HONDO (pop. 4,992)  LAMESA (pop. 12,438)  
Building permits, less federal contracts $  14,585  -71  370  Postal receipts* .. . ................. $  15,179  -19  29  
Bank debits (thousands) ....... . ... $  4,052  -10  14  Building permits, less federal contracts $  0  ...  ...  
End-of-month deposits (thousands)+ .. $  4,441  5  4  Bank debits (thousands) ............ $  21,933  15  15  
Annual rate of deposit turnover.....  10.7  9  End-of-month deposits (thousandsH .. $  20,072  11  14  
HUNTSVILLE (pop. 11,999) Postal receipts• .................. , . $  28,681  3  70  Annual rate of deposit turnover...•.. Nonfarm placements ...............  13.8 65  8 5  4 -13  
Building permits, less federal contracts $ Bank debits (thousands) ............ $  112,500 19,404  -37 -23  -66 8  LAMPASAS (pop. 5,670 r)  
End-of-month deposits (thousands)+ .. $  14, 721  -3  15  Postal receipts* ............. . ...... $  7,688  6  -1  
Annual rate of deposit turnover ... . .  15.6  -16  -4  Building permits, less federal contracts $  7,400  -94  -90  
Bank debits (thousands) ........... $  8,816  -11  6  
JACKSONVILLE (pop. 10,509 r)  End-of-month deposits (thousands)+ . . $  8,182  1  2  
Postal receipts• .... . ....... . ...... $  38,734  29  15  Annual rate of deposit turnover .....  13.0  -13  2  
Building permits, less federal contracts $  53,000  -40  182  
Bank debits (thousands) . . .. . .. . .... $ End-of-month deposits (thousands)+ .. $  19,453 12,291  2  19 5  LEVELLAND (pop. 12,117 r)  
Annual rate of deposit turnover..... .  18.8  6  13  Postal receipts .................... $  21,055  -11  94  
JASPER (pop. 5,120 r) Postal receipts* ....... . ...... . .... . Building permits, less federal contracts  14,566 23,140  11 -40  22 -40  Building permits, less federal contracts $ Bank debits (thousands) .. . ....... . $ End-of-month deposits (thousands)+ .. $  77,000 22,969 16,864  -5 ... ...  89 ... ...  
Bank debits (thousands) .......... . . $ End-of-month deposits (thousands)+ .. $  15,195 10,254  -7  23 12  LITTLEFIELD (pop. 7,236)  
Annual rate of deposit turnover ....  18.2  -10  14  Postal receipts• ... . ...... .. ........ $  10,279  32  30  
Building permits, less federal contracts $  50,000  403  ...  
JUNCTION (pop. 2,514 r)  Bank debits (thousands) . . . . ........ $  8,964  -7  -10  
Building permits, less federal contracts Bank debits (thousands) .... . .... .. . End-of-month deposits (thousands)t ..  30 2,529 4,783  -22 11  -40 5 25  End-of-month deposits (thousands)+ . . $ Annual rate of deposit turnover. .. ..  10,725 10.4  7 -10  3 -11  
Annual rate of deposit turnover . . ... .  6.7  -25  -12  LLANO (pop. 2,656)  
KARNES CITY (pop. 3,000 ')  Postal receipts* ... . ....... . ...... . . $  5,025  3  36  
Building permits, less federal contracts  40,100  Building permits, less federal contracts $  10,000  -74  ...  
Bank debits (thousands) ....... . .... $ End-of-month deposits (thousandsH .. $  3,528 4,509  -11 ••  12  Bank debits (thousands) . ........... $ End-of-month deposits (thousandsH . . $  5,296 5,002  -26 1  17 5  
Annual rate of deposit turnover .....  9.4  -13  -8  Annual rate of deposit turnover.....  12.8  -27  14  
KILGORE (pop. 10,500 r) Postal receipts* .. .. ............... .  18, 768  14  LOCKHART (pop. 6,084)  
Building permits, less federal contracts  84,600  360  Postal receipts* ·· · ········· · · · ····· $  6,179  -20  7  
Bank debits (thousands) . ..... . . . .. .  14,415  4  Building permits, less federal contracts $  60,500  56  -11  
End-of-month deposits (thousandsH ..  15,043  2  14  Bank debits (thousands) . .. ......... $  6,858  -4  14  
Annual rate of deposit turnover. . ... . Nonfarm employment (area) c .... .  11.4 34,800  3..  7 4  End-of-month deposits (thousands)+ .. $ Annual rate of deposit turnover.....  8,370 9.9  1 -7  11 4  
Manufacturing employment (area) c  9,870  1  12  
Percent unemployed (area) c  3.0  36  11  LONGVIEW (pop. 52,242 ')  
KILLEEN (pop. 30,400 r)  Retail sales ····· ···· ·· ···· ····· ..  -5t  1  43  
Postal receipts• . . . . . . . . . . . . . . . . . . . . $  55,033  Postal receipts* ·· ·· ········ · ······· $  85,490  -6  11  
Building permits, less federal contracts $ Bank debits (thousands) ...... . ..... $  456,877 30,661  -21 ••  69  Building permits, less federal contracts $ Nonfarm employment (area) c  690,500 34,800  -9..  -68 4  
End-of-month deposits (thousandsH .. $  12,714  4  2  Manufacturing employment (area) c  9,870  1  12  
Annual rate of deposit turnover.. . ..  28.3  3  62  Percent unemployed (area) c ......  3.0  36  11  
KINGSLAND (pop. 1,200 r) Postal receipts• . . .. . . . ........ . . ... $  1,199  -45  -34  LUFKIN (pop. 20,756 r)  
Bank debits (thousands) ..... .. .... $  2,714  4  Postal receipts• ········ · ··· ···· · ··· $  49,798  27  27  
End-of-month deposits (thousands)+ .. $  1,587  4  Building permits, less federal contracts $  263,100  3  67  
Annual rate of deposit turnover .. . ..  20.1  Nonfarm placements ... .. . ..... .. ...  77  35  1  
KINGSVILLE (pop. 31,160 r)  
Postal receipts• . . .. . ... . ........... $  24,553  -15  7  McCAMEY (pop. 3,375 ')  
Building permits, less federal contract $  124,840  -59  4  Postal receipts• ............ ........ $  3,739  -4  18  
Bank debits (thousands) .... . ...... $  16,492  -18  5  Building permits, less federal contracts $  0  ...  ...  
End-of-month deposits (thousands)+ .. $  20,728  8  17  Bank debits (thousands) ............ $  2,323  -2  11  
Annual rate of deposit turnover. . ...  9.9  -22  -12  End-of-month deposits (thousands)t . . $  1,876  -11  12  
For an explanation of symbols see p. 14.  Annual rate of deposit turnover .....  14.0  5  -3  

Percent change Percent change
Local Business Conditions Local Business Conditions 
Nov 1968  Nov 1968  Nov 1968  Nov 1968  
Nov  from  from  Nov  from  from  
City and item  1968  Oct 1968  Nov 1967  City and item  1968  Oct 1968  Nov 1967  
MARBLE FALLS (pop. 2,161)  PALESTINE (pop. 13,974)  
Bank debits (thousands) . . ... .. ..... $ End-of-month deposits (thousands)+ .. $ Annual rate of deposit turnover ..... .  2,913 3,150 11.5  -13 -15  - 20 8  Postal receipts• ......... . .... . ..... $ Building permits, less federal contracts $ Bank debits (thousands) ............ $  17,607 55,400 16,521  -19 -70  -4 -63 6  
MARSHALL (pop. 29,445 ') Postal receipts• .. ... . . ...... . . . .... $ Building permits, less federal contracts $ 40,993 383,493  2  29 -14  End-of-month deposits (thousands)t.. $ Annual rate of deposit turnover . . .. . Nonfarm placements ............. .  18,933 10.4 45  -2 -8 -49  7 2  
Bank debits (thousands) ...... .... . $ End-of-month deposits (thousands)+ .. $ 25,888 31, 765  7  11  PAMPA (pop. 24,664)  
Annual  rate of deposit turnover... . . .  9.9  - 10  - 7  Retail  sales  - 5t  
Nonfarm  placements  301  - 38  -13  Automotive  stores  ........... . . .  - 5t  2  13  
MEXIA (pop. 7,621 ') Postal receipts• ..... . .............. $ Building permits, less federal contracts $ Bank debits (thousands) ............ $ End-of-month deposits (thousands)+ .. $ 8,062 40,000 7,948 7,271  - 9 300  16 25 10 18  Postal receipts• .... . .... . .......... $ Bank debits (thousands) ........... $ End-of-month deposits (thousands) t .. $ Annual rate of deposit turnover..... Nonfarm placements ........ .  34,963 32,490 22,921 16.9 95  -16 8 -1 -6 -26  18 8 -4 10 -34  
Annual  rate  of  deposit  turnover.....  13.6  - 3  PARIS (pop. 20,977)  
l\llNERAL WELLS (pop. 11,053) Pootal receipts• .................... $ Building permits, less federal contracts $ 30,315 54,250  -2 -92  32 -83  Pootal receipts• ................... $ Building permits, less federal contracts $ Nonfarm placements . .. .......... .  37,178 87,641 240  -1 -52 -1  26 -37 13  
Bank debits (thousands) . .... .. ... . . $ End-of-month depooits (thousands)+ . . $ Annual rate of deposit turnover .... . . Nonfarm placements 27,553 16,976 19.7 88  2 3 -26  18 6 13 -38  PECOS (pop. 13,479 ') Postal receipts• ........ . ........... $ Bank debits (thousands) ...... ... . .. $  12,977 22,979  -13 10  
MONAHANS (pop. 9,476 ') Postal receipts• . ....... . .......... $ Building permits, less federal contracts $ 11,180 11.300  -9 -26  15 -51  End-of-month deposits (thousands)t .. $ Annual rate of deposit turnover ... . . Nonfarm placement.s . ............ . .  12,338 22.4 61  2 -27  -44  
Bank debits (thousands) ..... End-of-month deposits (thousands)t . . Annual rate of deposit turnover..... . $ $ 12,043 7,907 18.4  4 2 9  4 9  PLAINVIEW (pop. 21,703 ') Postal receipts• .... .. ... .. ... . .... . Building permits, less federal contracts $  40,284 46,000  31  37 -46  
MOUNT PLEASANT (pop. 8,027)  Bank  debits  (thousands)  .... . ...... $  53,601  - 1  - 3  
Postal  receipts•  .................... $  14,086  - 3  11  End-of-month  deposits  (thousands)t .. $  33,268  14  17  
Building permits, less federal contracts  $ 44,000  -53  6  Annual  rate  of  deposit  turnover.... .  20.6  9  -11  
Bank debits (thousands) End-of-month deposits (thousands)t ..  $ $ 15,000 10,421  -16 -2  4..  Nonfarm  placements  ............. . .  207  - 5  -18  
Annual  rate  of  deposit  turnover .....  17.1  -16  4  PLEASANTON (pop. 5,053 ')  
MUENSTER (pop. 1,190) Postal receipts• . . . . . . . . . . Building permits, less federal contracts  $ $ 1,922 13,500  -40 ••  7 12  Building permits, less federal contracts $ Bank debits (thousands) ..... .. ... . $ End-of-month deposits (thousands)t .. $ Annual rate of deposit turnover. . ..  38,500 5,100 4,751 13.1  -14 -9 3 -12  107 8 7 2  
Bank  debits  (thousands)  .  $ 3,551  -10  16  
End-of-month  deposits  (thousands)+.  $ 2,678  1  - 2  QUANAH (pop. 4,570 ')  
Annual rate of deposit turnover ...  15.8  - 9  13  Postal  receipts•  .. . .. .. ......... .. .. $  5,889  14  37  
MULESHOE (pop. 4,945 ') Bank debits (thousands) ..... End-of-month deposits (thousands)+ .. $ Annual rate of deposit turnover .... 11,972 11,645 14.4  .. 41 5  -19 35 -29  Building permits, less federal contracts $ Bank debits (thousands) .... . .... . . $ End-of-month deposits (thousands)t .. $ Annual rate of deposit turnover .....  0 5,693 6,000 11.4  -10 -10  - 2 10  
NACOGDOCHES (p0p. 18,076 ') Postal receipts• . ...... .. ........... $  35,872  28  RAYMONDVILLE (pop. 9,385) Postal receipts• ........ . ... . ....... $  8,494  - 6  24  
Building permits, less federal contracts  $ 458,770  -61  247  Building permits, less federal contracts  $  42,300  -25  260  
Bank debits  (thousands)  .......... . . $ 28,133  -18  9  Bank debits  (thousands)  ............ $  8,999  -14  9  
End-of-month  deposits  (thousands)+ .. $ 26,988  - 3  3  End-of-month  deposits  (thousands)t.. $  11,222  - 6  - ,.fi  
Annual  rate  of deposit  turnover.  12.3  -13  3  Annual  rate  of depooit  turnover .....  9.3  - 110  9  
Nonfarm  placements  ....  33  -46  -68  Nonfarm placements  44  5  -59  
NEW BRAUNFELS (pop. 15,631) Postal receipts• .. ................ . . $ Building permits, less federal contracts $ Bank debits (thousands) ... . ....... $ End-of-month deposits (thousands)t .. $ Annual rate of deposit turnover .... 33,087 756,203 16,431 18,782 10.7  26 386 -9 4 -12  22 199 18 -13  REFUGIO (pop. 4,944) Postal receipts* ................... . Building permits, less federal contracts $ Bank debits (thousands) . ........... $ End-of-month deposits (thousands)+ .. $ Annual rate of deposit turnover.....  7,230 0 5,998 10,202 7.1  10 3 2 5  11.. 13  
OLNEY (pop. 4,200 ') Building permits, less federal contracts  $ 7,000  112  ROCKDALE (pop. 4,481)  
Bank debits  (thousands)  .. . _ . ...... . $ 5,406  -21  18  Postal  receipts•  .................... $  5,920  -25  22  
End-of-month  deposits  (thousands)t .. $  5,213  - 1  Bank debits  (thousands)  ... . ........ $  7,088  15  40  
Annual rate of deposit turnover..... .  12.4  -19  17  End-of-month  deposits  (thousands) t .. $  5,602  5  9  
For an e..xplanation of symbols see p. 14.  Annual  rate  of  deposit  turnover .... .  15.6  14  31  

Percent change

Percent change Local Business Conditions 
Local Business Conditions 
Nov 1968 Nov 1968 Nov from from Nov 1968 Nov 1968 
Nov from from City and item 1968 Oct 1968 Nov 1967
City and item 1968 Oct 1968 Nov 1967 

TAHOKA (pop. 3,600 ')SAN MARCOS (pop. 17,500 ') 
Building pennits, Jesa federal contracts $ 0
Postal receipts* .................... $ 21,422 -7 21 

Bank debits (thousands) ........... $ 4,868 2

Building permits, less federal contracts $ 81,26S -72 -76 End-of-month deposits (thousands)t .. $ 7,123 5
Bank debits (thousands) ........... $ 16,217 -20 

Annual rate of deposit turnover ..... 8.4 5
End-of-month deposits (thousands)t .. $ 13,929 2 Annual rate of deposit turnover..... . 14.0 -15 9 
TAYLOR (pop. 9,434) 
Postal receipts* . . . . . . . . . . . . . . . . . . . . $ 12,079 -9


SAN SABA (pop. 2, 728) 18 
Building permits, Jess federal contracts $ 168.~38 82 19 Postal receipts* .................... $ 4,493 19 49 
Bank debits (thousands) ...... ... .. $ 11,998 -25 20 Building permits, less federal contracts $ 14,900 -31 
End-of-month deposits (thousands)t .. $ 23,588 -2 12 
Bank debits (thousands) . ........... $ 6,994 -28 -4 

Annual rate of deposit turnover.... . 6.0 -27 End-of-month deposits · (thousands) t .. $ 6,613 6 19 
Nonfarm placements .............. . 30 15 67 Annual rate of deposit turnover 13.l -31 -lS 
TEMPLE (pop. 34, 730 ')SILSBEE (pop. 8,447 ') 

Retail sales . ........ .. . ......... .. . 5t 8 17 Building permits, less federal contracts lS,000 Furniture and household Bank debits (thousands) .......... .. $ 8,76S 7 S4 appliance stores ............... . 3t 10 -1 End-of-month deposits (thousands)t .. $ 9,092 40 Postal receipts* .................... $ 60,639 -2 15 
Annual rate of deposit turnover..... 11.S 7 13 Building permits, less federal contracts $ 1,392,875 748 188 Bank debits (thousands) . ........... $ 51,308 -1 22 SMITHVILLE (pop. 2,933) Nonfarm placements .............. . 220 -21 
Postal receipts* ...•................ $ 3,3S2 2 41 

UVALDE (pop. 14,000 ')

Bank debits (thousands) ........ .... $ 2,148 -13 40 
Postal .................... $

End-of-month deposits (thousands)t.. $ 2,83S -3 6 receipts• 12,S47 -33 -25 
Building permits, Jess federal contracts $ 71,580 -81 19

Annual rate of deposit turnover..... 8.9 -14 29 
Bank debits (thousands) .......... . $ 18,448 -11 13 

End-of-month deposits (thousands)i .. $ 11,387 7 5
SNYDER (pop. 13,850) 

Annual rate of deposit turnover ..... 20.1 -13 
Postal receipts* .................... $ 17,232 33 
Building permits, Jess federal contracts $ 74,000 305 VERNON (pop. 13,385 ') 
Bank debits (thousands) .. . ........ $ lS,415 2 21 Postal receipts* ...... . .... .. ..... .. $ 16,262 •• 31 
End-of-month deposits (thousands)t .. $ 21,S66 3 12 

Building permits, less federal contracts $ 44,550 -61 11 
Annual rate of deposit turnover . .... 8.7 10 

Bank debits (thousands) ........... $ 22,088 12 3 
End-of-month deposits (thousands)f .. $ 23,534 -3 -2 
SONORA (pop. 2,619) Annual rate of deposit turnover .... . 11.1 14 2 

Building permits, less federal contracts 2,150 8 91 49 90
Nonfarm placements ..... ......... . 

Bank debits (thousands) ......... .. $ 3,691 16 32 

VICTORIA (pop. 37,000 ')

End-of-month deposits (thousands) t .. $ 5,126 4 24 
Retail sales ....................... . -s

Annual rate of deposit turnover.. , . . 8.5 10 st 8 
Automotive stores ... . ........... . -St 3 12 

Postal receipts• .................... $ 61,489 6 17

STEPHENVILLE (pop. 7359) 
Building permits, less federal contracts $ 206,425 -88 -91
Postal receipts• ...................• $ 11,474 -20 -16 

Bank debits (thousands) ........... $ 95,704 22

2Building permits, less federal contracts $ 147,065 20 138 

End-of-month deposits (thousands)f .. $ 98,881 •• 4
Bank debits (thousands) ...... . .... . $ 12,307 6 14 

Annual rate of deposit turnover ... . . 11.6 2 16
End-of-month deposits (thousands)t . . $ ll,S76 2 8 

Nonfarm placements .............. . 

454 -18 -7
Annual rate of deposit turnover ..... 12.6 4 
Weatherford (pop. 9,759) 

STRATFORD (po·p. 2,500 ') Postal receipts• . ... . .... ... . ...... $ 17,949 -s 22 
Postal receipts• ...... .... ... . ..... . 3,801 4 31 Building permits, less federal contracts $ 

58,500 -83 -1 Building permits, less federal contract.s 45,000 60 -21 End-of-month deposits (thousands)f .. $ 
18,679 12 Bank debits (thousands) .. . ........ . $ 13,796 11 27 End-of-month deposits (thousands)t .. $ 6,105 7 3 LOWER RIO GRANDE VALLEY Annual rate of deposit turnover ..... 26.1 9 29 (Cameron, Willacy, and Hidalg-o· pop. 326,800 •) Retail sales . . . . . . . . . . . . . . . . . . . . . . . St -1 4 
SULPHUR SPRINGS (pop. 12,158 ') Apparel stores . . . . . . . . • . . . . . . . . . . 2t 10 
Postal receipts• .................... $ 22,S34 7 7 Automotive stores . . . . . . . . . . . . . . . . St -6 
Building permits, less federal contracts $ 224,800 7 98 Drugstores 2t -4

. . . . . . . . . . . . . . . . . . . . . . . 
Bank debits (thousands) ... ........ $ 21,022 9 Food stores . . . . . . . . . . . . . . . . . . . . . . 7t 10 
End-of-month deposits (thousands)t .. $ 18,31S .. 9 Furniture and household-
Annual rate of deposit turnover..... 13.8 -10 5 appliance stores ............... . 

3t 23 Gasoline and service stations ..... . 
-18t 6
SWEETWATER (pop. 13,914) 
General-merchandise stores ....... . 

3t 8 16 
Postal receipts* .... . ............... $ 15,630 -34 29 


Lumber, building-material, 
Building permits, less federal contracts $ 4,450 -41 -92 

and hardware dealers .......... . 7t -10 -33 
Bank ·debits (thousands) ............ $ lS,210 14 

Postal receipts• ................... . -3 6 End-of-month deposits (thousands)t .. $ 10,649 -s 8 
Building permits, less federal contracts 
-40 175 
Annual rate of deposit turnover ..... . 16.7 -1 

Bank debits (thousands) . .. . ...... . -14 8 Nonfarm placements .............. . 108 -29 -28 
End-of-month deposits (thousands)f . . -2 2 
Annual rate of deposit turnover 17.0

For an explanation of symbols see p. 14. -13 1 
28 TEXAS BUSINESS REVIEW 


I~~~~~~~,~n~~~:;g~~1~~~~~~~~i~~n~:.~ ~ox~pt:n~

•En es are adJuste~ ~or ~easonal variation unless othel"Wlse noted. Employment estimates are compiled by the Texas 
mp1oyment Co~m1ss1on m ~oop~ration ~t~ the Bureau of Labor Statistics of the U .S. Department of Labor. The sym­bols used below impose qualifications as md1cated 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-employ~ent data for wage and 
salary workers only. ' 
Year-to-date a veraire
Nov Oct Nov 
1968 1968 1968 1968 1967 

GENERAL BUSINESS ACTIVITY Texas business activity <index) ----------------------------------------------­223.6 245.5 206.5 217.8 192.3 Wholesale prices in U.S. <unadjusted index) --------------------------------109.5 . 109.1 • 106.2 108.6 106.0 
Consumer prices in Houston (unadjusted index) ___________ ___ 121.1 118.8 114.1 Consumer prices in U.S. (unadjusted index) --------------------­123.4 122.9 117.8 120.9 116.1 Income payments to individuals in U .S . (billions, at seasonally adjusted annual rate) -------------------·-------------------------· $ 707.0 . $ 703.2 . $ 644.9 r $ 683 .2 $ 626.7 Business failures <number) -···-------------------------------------------------------------­43 26 39 Business failures (liabilities, thousands)-----------------------------------------·-­$ $ 3,729 $ 1,698 $ $ 4,514 
124.1 121.2

Newspaper linage (index) ------------------------------------------------------------------­122.2 120.4 122.8 Sales of ordinary life insurance (index) ---------------------------------------242.9 264.6 238.6 225.2 195.9 
Miscellaneous freight carloadings in S.W. District (index) _________ _ 88.5 87.4 83.1 85.2 82.2 TRADE Ratio of credit sales to net sales in department and 
64.1 r 62.1 63.8

apparel stores -------------------------------------------------------------------------------· 63 .7 . 61.0 . 
Ratio of collections to outstandings in department and 
32.1 • 29.1 • 33.4 r 33.1 33.2

apparel stores ---------------------------------------------------------------------------------­PRODUCTION 

235.7 • 229.5 . 205.1 r 225.7 205.9

Total electric-power use (index)---------------------------------------------------------­
Industrial electric-power use (index)------------------------------------------------214.4 . 

205.8 • 190.0 r 202 .1 184.6 Crude-oil production (index}___________________ -------------------------------------------107 .4 • 108.3 • 111.6 r 113.0 111.0 
Average daily production per oil well (bbl.) __________________________________ _ 14.8 14.8 15.4 14.9
14.8 
124.8

Crude-oil runs to stills <index) _______ -------------------------------------------------125.3 129.2 129.6 131.5 
167.4 . 165.7 • 159.8 r 164.1 157.0

Industrial production in U.S. (index)----------------------------------­Texas industrial production-total <index) -------------------------------------­169.4 • 160.2 r 155.6 Texas industrial production-total manufactures (index) ----------194.8 . 180.0 r 174.1 Texas industrial production-durable manufactures (index) ______ 208.8 . 191.3 r 182.4 Texas industrial production-nondurable manufactures (index) 185.5 . 172.5 r 168.5 Texas industrial production-mining (index) ------------------------------­123.6 • 122.0 r 120.3 Texas industrial production-utilities (index) -------------------------------­214.1 • 209.6 r 200.1 Building construction authorized (index) ------------------------228.9 209.6 204.3 r 177.0 161.5 
New residential building authorized (index)----------------------------201.8 182.0 167.6 r 157.9 122.9 
New nonresidential building authorized (index} ___________________ _ 2.47.9 253.0 254.7 r 203 .8 225 .5 
AGRICULTURE Prices received by farmers (unadjusted index, 1910-1914=100) 249 247 245 248 241 Prices paid by farmers in U.S. <unadjusted 
index, 1910-1914=100) -------------------------------------------------------­
359 358 343 354 341 Ratio of Texas farm prices received to U .S . prices paid 
70 71 71 70

by farmers ---------------------------------------------------------------------------------------69 
FINANCE 

244.9 267.9 219.3 236.6 203.9

Bank debits (index) ------------------------------------------------------------------------­
Bank debits, U.S. (index}___________________________------------------------------------------295.8 297.9 242.4 274.3 230.2 Reporting member banks, Dallas Federal Reserve District Loans (millions) ___ ----------------------· ____ __ 
----------------------------------------$ 5,720 $ 5,650 $ 5,068 $ 5,372 $ 4,934 
Loans and investments <millions) _____________________________________________ $ 8,337 $ 8,288 $ 7,626 $ 7,896 $ 7,327 
Adjusted demand deposits (millions) _____________________________ $ 3,411 $ 3,302 $ 3,219 $ 3,198 $ 3,041 Revenue raceipts of the state comptroller <thousands) _______________ _ $232,905 $182,658 $218,415 $ 204,674 $ 183,807 Federal Internal Revenue collections <thousands) ________________________ $431,808 $563,056 $560,717 $2,212,939§ $1,866,204§ 
Securities registrations--original applications 
§

Mutual investment companies (thousands) ___________________________ _ $ $ 36,505 $ $ § $ 
All other corporate securities: 

$ 41,846 $ $ § $ §

Texas companies (thousands) ------------------------------------------­$ Other companies (thousands) ------------------------------------------· $ $ 31,920 $ $ § $ § Securities registrations renewals
Mutual investment companies (thousands) ____________________________ $ $ 15,247 $ $ § $ § Other corporate securities (thousands) ____________________________________ $ $ 317 $ $ §$ § 
LABOR 140.7 • 140.0 • 134.2 r 138.2 131.9

Total nonagricultural employment in Texas (index) ____________________ 
145.7 • 145.8 • 139.6 r 144.3 136.7

Manufacturing employment in Texas (index)--------------------------­100.6 • 101.0 • 100.6 r 101.0 101.0
Average weekly hours-manufacturing (index)-----------------------------­
141.8 • 141.5 • 132.2 r 138.6 128.7

Average weekly earnings-manufacturing (index)-----------------------­
Total nonagricultural employment (thousands}___________________________ 3,496.8 . 3,477.5 . 3,335.3 r 3,416.6 3,260.6 Total manufacturing employment <thousands) __________________ 705.6 . 705.6 . 675.9 r 699.3 662.3 
389.6 . 391.0 • 368.7 r 387.8 356.6

Durable-goods employment <thousands) -----------------------­
316.0 • 314.6 • 307.2 r 311.5 305.8

Nondurable-goods employment (thousands) -----------------­Total nonagricultural labor force in selected labor-market areas (thousands ) --------------------------------------------------------­
3,222.2 3,193.1 3,082.8 3,166.2 3,044.6 Employment in selected labor-market areas (thousands) ___ 3,050.7 3,034.7 2,926.0 2,998.7 2,871.4 Manufacturing employment in selected labor-market areas <thousands) ------------------------------------------------------­608.0 605.7 564.6 598.3 552.4 Total unemployment in selected labor-market areas <thousands) -------------------------------------------------------90.3 77.5 88.1 85.5 89.7 Percent of labor force unemployed in selected labor-market areas --------------------------------------------------------2.8 2.4 2.9 2.7 2.9 
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MEXICO'S 'NATURAL GAS: 
THE BEGINNING OF AN INDUSTRY 

by 
Fredda Jean Bullard 


This analysis of one important aspect of the Mexican economy dramatizes, against a setting of intense nationalism, the harness­ing of Mexico's vast resources in natural gas to produce a po­tentially giant industry. Despite conflicting forces of technical obsolescence, untrained personnel, paucity of financial backing, and a struggling national economic development, the Mexican government agency Petroleos Mexicanos worked determinedly toward an ultimate goal of providing Mexico with self-sufficiency in its energy requirements. 
The transfiguration of a natural resource from a wasted by­product to a key raw material for a growing modern industry within the span of only a few years has been a record feat among developing nations. In this book the reader will find a lively and stimulating, though thorough and technical, discussion of the role played by natural gas in the economic development of Mexico. 
Profusely illustrated with 37 maps and charts and richly aug­mented with 85 detailed tables and appendix material, this study provides a variety of readers with a valuable source of informa­
tion. 
336 + xxiii pp. $6.50 
Bureau of Business Research 
The University of Texas at Austin 

(Texas residents add 4-percent sales tax)