fehruary 1969 annual issue A Monthly Summary of Business and Economic Conditions in Texas Bureau of Business Research The l1niversity of Texas at Austin TEXAS BUSINESS REVIEW VOL. XLIII , NO. 2, FEBRUARY 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 29: THE BUSINESS SITUATION IN TEXAS, 1968, by Francis B. May 33: TEXAS INDUSTRY, 1968, by Stanley A. Arbingast 39 : TEXAS CONSTRUCTION, 1968, by Robert B. Williamson 41: TEXAS RETAIL TRADE, 1968, by Dennis w. Cooper TABLES 30: INDEX OF TEXAS PRODUCTION OF CRUDE PETROLEUM 30: BUSINESS-ACTIVITY INDEXES FOR 20 SELECTED CITIES 32: SELECTED BAROMETERS OF TEXAS BUSINESS 34: VALUE ADDED BY MANUFACTURE, TEXAS AND SELECTED STANDARD METROPOLITAN STATISTICAL AREAS, 1964, 1968, AND 1969 34: INDEXES OF CHEMICALS AND ALLIED PRODUCTS INDUSTRY, UNITED STATES, 1959-1968 35: ESTIMATES OF NONAGRICULTURAL EMPLOYMENT IN TEXAS 36: MINERAL PRODUCTION IN TEXAS 37: TEXAS PLYWOOD MILLS, 1967 37: FINISHED PORTLAND CEMENT PRODUCTION, TEXAS AND UNITED STATES 38: MILITARY PRIME CONTRACTS OF $10,000 OR MORE, TEXAS AND PERCENT OF UNITED STATES TOTAL 39 : ESTIMATED VALUES OF BUILDING AUTHORIZED IN TEXAS 41 : RETAIL SALES BY KIND OF BUSINESS 42: PRELIMINARY ESTIMATES OF TOTAL RETAIL SALES 42 : CREDIT RATIOS IN DEPARTMENT AND APPAREL STORES 43: LOCAL BUSINESS BAROMETERS OF TEXAS BUSINESS (inside back cover) CHARTS 29 : TEXAS BUSINESS ACTIVITY 30: CRUDE-OIL RUNS TO STILLS, TEXAS 30 : CRUDE-OIL PRODUCTION, TEXAS 31 : TEXAS INDUSTRIAL PRODUCTION-MINERALS 32: PRICES RECEIVED BY FARMERS 34: INDUSTRIAL PRODUCTION, TEXAS 35 : MANUFACTURING EMPLOYMENT, TEXAS 35: TOTAL UNEMPLOYMENT, TEXAS 38: INDUSTRIAL PRODUCTION-TOTAL MANUFACTURES, TEXAS 38: INDUSTRIAL PRODUCTION-DURABLE MANUFACTURES, TEXAS 38 : INDUSTRIAL PRODUCTION-NONDURABLE MANUFACTURES, TEXAS 40: TOTAL BUILDING AUTHORIZED IN TEXAS 40: RESIDENTIAL BUILDING AUTHORIZED IN TEXAS 41: DOLLAR ESTIMATES FOR RETAIL SALES 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 Cooperating Faculty: Charles T. Clark, Larry L. Crum, William T. Hold, Jerry Todd, Robert B. Williamson Administrative Assistant: Margaret Robb Research Associates: Graham Blackstock, Michael Bonine, Dennis W. Cooper, Willetta Dement, John Franklin, Wil­liam Gruben, James Harrison, Letitia Hitz, Ida M. Lam­beth, Robert M. Lockwood, Stephanie Lowe, Robert H. Ryan, Lamar Smith, Jr., Tim Throckmorton Research Assistants: David Baylor, Charles Green, 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 Administrative Clerk: Nita Teeters Senior Clerk: Salvador B. Macias Clerks: Faye Bartula, James Donaho, David King Offset Press Operators : Robert Dorsett, Daniel P. Rosas Published monthly by the Bureau of Business Research, Graduate School of Business, The University of Texas at Austin, Austin, Texas 78712. Second-class posta1-da~ avera1te 1968 from 1967 Abilene Amarillo Austin .... . .•. ....139.8 . . . . . . .. ..183.4 ........ . ...357.8 Beaumont ..........200.3 Corpus Christi ....159.8 Corsicana ..........179.4 Dallas ........ .. .. 305.7 El Paso ............152.3 Fort Worth ........189.4 Galveston ..........129.0 Houston . . .........243.6 Laredo ............242.9 Lubbock . ..........148.8 Port Arthur .... . . 109.1 San Angelo ..... . ..168.9 San Antonio ......201.2 Texarkana .........267.l 137.0 134.9 178.4 190.1 338.5 279.8 170.3 189.8 156.8 156.0 145.1 160.6 264.1 255.6 136.1 140.1 165.5 170.9 133.9 129.5 240.7 236.l 223.6 219.4 166.1 159.9 104.3 111.8 162.9 158.8 202.1 196.6 244.5 238.8 2 3 18 2 24 16 12 14 4 9 -10 5 4 •• -1 12 34 2 8 9 15 16 11 13 15 3 •• 10 15 12 10 Tyler .... ......... . 174.0 165.1 161.4 Waco . ....... . .....182.7 181.6 175.3 10 Wichita Falls ......145.0 147.6 139.9 6 •• Change is less than one half of 1 percent. • Preliminary. r Revised. that, under the influence of high demand, the problem of surplus refining capacity has virtually disappeared. Although the seasonally adjusted index of total electric· power use declined 2 percent in December, the average value of the index for 1968 was 10 percent above that for 1967. The electric utilities comprise one of the fastest­growing industries in the state. Industrial electric-power use in December was at the November level with allowance for seasonal factors. The average value of this index for 1968 was 214.5 percent of average monthly consumption during the 1957-1959 base period. This was 10 percent above 1967 consumption. Since a strong relationship exists between manufacturing activ­ity and industrial power consumption, this means that the value of manufacturing output in the state increased sub­stantially during 1968. The seasonally adjusted index of urban building permits issued rose 1 percent in December. Increases in both resi­dential and nonresidential permits issued during the month contributed to the increase. Total permits issued during 1968 were 13 percent above those issued in 1967. This an­nual increase was due to the rise in residential construc­tion authorized. Nonresidential construction declined dur­ing the year from its 1967 level. Apartment construction was primarily responsible for the rise in residential con­struction. The value of one-family homes authorized in­creased, but not so much as the value of permits for multiple-family dwellings. Construction permits issued by the 13,000 localities in the nation that require them were at an annual rate of 1.4 million housing units in December. This was a 0.7-percent increase over the December 1967 annual rate. Permits issued for single-family homes in the nation in December were at an annual rate of 702,000 units, a 5.8­percent decline from the December 1967 value. Units in two-to four-family buildings were authorized at an annual rate of 126,000 units in December, up 38.5 percent from the 91,000-unit rate of December 1967. Permits for apart­ment buildings designed to house five or more families dropped to a 572,000-unit annual rate, down 4.7 percent from the 600,000-unit November rate. December apartment permits were 3.2 percent above the permits issued during the comparable month of last year. Nationally, housing starts, which lag about one month behind permit issuance, declined 15 percent from N ovem­ber. This was a sharp drop, but the series behaved similar­ly in December 1967, dropping 21.4 percent to a 1,250,000­unit rate. December's 1,454,000-unit rate was 16.3 percent above the level of December 1967. Since the November rate was 1,717,000 housing units, highest since the February 1964 rate of 1,867,000 starts, the decline was not unex­pected. December housing starts fell more in the South than in the Northeast, the North Central States, and the West. Large apartment projects suffered the greatest drop of all housing-unit categories by type of structure in December. The Commerce Department has reported that for all of 1968 private and public housing starts totaled 1,542,900 units, up 16.7 percent from the 1967 total of 1,321,900. This increase exceeded the expectations of many housing­industry analysts. The National Association of Homebuild­ers has forecast 1,650,000 housing starts for 1969. FIRST DIRECTOR OF THE IffREAl-OF lffSI:\"ESS RESEAHCH DIES Although he was probably better known as an expert on cotton marketing, Dr. Alonzo Bettis Cox was also the founder and first director of the Bureau of Business Research of the University of Texas in Austin. He served in this capacity nearly twenty years, and in 1945 relinquished the directorship to devote his full time to teaching and research in cotton marketing. He was an internationally known authority on the cotton industry, and continued in this activity until he became professor emeritus of cotton marketing in 1957. In 1926, while Dr. Cox was in Italy as a representa­tive of the U.S. Department of Agriculture, he received a cablegram from President H. Y. Benedict inviting him to come to The University of Texas to set up an organi­zation for research on the economy of Texas. The first steps toward setting up the Bureau of Business Re­search were taken in the fall of 1926. Dr. Cox was a native of Indiana, but he had lived in Texas and he saw the great industrial promise as well as the tremendous agricultural value that had already been partially de­veloped in the state. The program of the Bureau developed by Dr. Cox has continued in basically the same form for over forty years. The first need was for current statistical data on business activity, since very little information was available on a current basis for individual states, and still less for areas within a state. Dr. Cox started with development of important series, a policy continued to the present day. The Bureau has consistently maintained its original policy of avoiding the collection of any data that another agency could supply, and of cooperating in every way with the data-collecting activities of others. The second need for research in the Texas economy, probably of greater long-run importance, lay with re­sources, the foundation of Texas wealth and the base for continued industrial expansion. Dr. Cox's first interest in resources was cotton, but he quickly recruited experts to develop research in other resources and in other seg­ments of the Texas economy, particularly in the statis­tics program and in industry, with the publication of the Directory of Texas Man11fact11rers. By 1947 the last of the early staff had left the Bureau, but the work of the twenty-two years since World War II has been based solidly on the foundation laid during the first twenty years by Dr. Cox. J .R.S. FEBRUARY 1969 PRIGS RECEIVED BY FARMERS AU. FARM PRODUCTS, TEXAS 1-. --for S-1 Var-lflO-ltl..lf» ... IOO ,,, ,.,.., .... J\ -/\ ~.., -IA ,,.,_, -v. - I•• .. ,,.• I'"• ~.. -,,., ... ·-;'-'"' -,,.. ·­ k.:..L...........;. ·-...._.. ·.· ,.. ­ -~W• .,. ·. - ... - - • .. • • The high level of housing starts was achieved in 1968 despite high interest costs. In November the interest rate on FHA new-home mortgages was 7 .29 percent. This was 0.64 of a percentage point above the November 1967 rate of 6.65 percent, and the rate was rising. Other costs of homebuilding are rising also. The result has been that consumers are building now in order to avoid higher costs in the future. This attitude is the essence of inflationary psychology. It can result in even higher prices, forced up­ward by increasing demand from people who anticipate that costs are not going to level off or decline but will continue to rise. SELECTED BAROMETERS OF TEXAS BUSINESS (Indexes -Adjusted for seasonal variation -1957-1959=100) Percent change Year-to-date average Year-to-date Dec 1968 1968 Index Dec 1968 Nov 1968 average 1968 from Nov 1968 from 1967 Texas business activity 240.7 • 223.4 r 219.7 14 Crude-petroleum production .. . ...... .104.6 • 107.2. 112.2 2 1 Crude-oil runs to stills 131.3 125.3 131.5 5 5 Total electric-power use 231.5 • 235.7. 226.2 2 10 Industrial electric-pow\Y' use , , , , , , , .... , . , . , . 214.5 • 214.4 • 203.1 •• 10 Bank debits ..... ... ... 264.3 244.9 238.9 8 17 Sales of ordinary life insurance . ....... . , . 239.l 242.9 226.4 2 15 Building construction authorized . , ........231.4 228.9 181.5 1 13 New residential ....207.6 201.8 162.0 3 30 New nonresidential 255.5 247.9 208.1 3 5 Total industrial production . . . .... ...169.2 • 169.3 • 167.9 •• 8 Miscellaneous freight carloadings in S.W. District .. , ..... , .. , . 81.6 88.5 84.9 - 8 Total nonfarm employment . ..•.....140. 7 • 141.0 • 138.5 •• Manufacturing employment , ... , ....147.0 • 146.0 • 144.5 1 Total unemployment Insured unemployment . , 66.5 40.9 79.l 41.1 71.4 41.4 -16.. 2 -15 Average weekly earnings- manufacturing . ... . , 142.9 • 140.7 • 138.9 2 8 Average weekly hours-manufacturing . , .. , .101.4 • 100.1 101.0 •• • Preliminary. •• Change is less than one half of 1 percent. r Revised. One beneficiary of the high cost of traditional housing units has been the mobile-home industry. Because of the great need for low-cost housing about 340,000 mobile homes are expected to be manufactured in 1969. This is a 19­percent increase over production in 1968. It is 21.0 percent of the number of conventional single-family housing units forecast by the National Association of Homebuilders. It will be about 80 percent of the number of new single-family dwellings valued at $15,000 or less. The December seasonally adjusted index of total nonfann employment in Texas was at a level of 140.7 percent of the 1957-59 monthly average. It was virtually unchanged from November's level of 141.0 percent. Total December nonfann employment in the state was 4,119,900, up 170,600 from December 1967. Farm employment of 296,600 in December brought the total for both agricultural and nonagricultural employment to 4,416,500, an increase of 186,300 over De­cember 1967. There were 101,500 unemployed in December, the same number as in the corresponding 1967 month. The Texas Employment Commission estimates that the total labor force of 4,522,100 in December was 187,800 greater than in December 1967. December unemployment was 2.2 percent of the labor force, slightly below the 2.3 percent figure for December 1967. Manufacturing employment in December was up 1 per­cent from November. During 1968 the index averaged 5 percent above 1967. These data are seasonally adjusted. There were 732,300 persons employed in manufacturing in December, a 30,000 increase over December of 1967. Manu­facturing employment was 16.6 percent of total December employment. The greater portion of Texans at work are employed on farms, in government, and in other nonmanu­facturing activities. Unemployment in December, with al­lowance for seasonal factors, was 16 percent lower than in November. For all of 1968 this index averaged 2 percent below the 1967 level. Average weekly earnings in manufacturing in Texas rose 2 percent in December. They averaged 8 percent above earnings in 1967. The annual increase was due mainly to the rise in wage rates, because average weekly hours in­creased almost imperceptibly-only 1 percent in December, but not at all when averaged over the year. Nineteen sixty-eight was a year of u::iequaled prosperity in Texas and in the nation. Will 1969 be another? The death of the boom has been forecast regularly for the past several years. Our long cyclical upswing is taking on the characteristics of an inflationary spiral. A large part of the annual increase in gross national product represents in­flated prices of goods and services. More and more consum­ers are buying now in order to avoid still higher prices later. Can we stop inflation without a severe recession? The Federal Reserve System showed in 1966 that, by appli­cation of severe restrictions on the money supply, the rise in consumer prices can be contained. This application of monetary restraint produced a distinct depression in the homebuilding industry. Starts dropped from an annual rate of more than 1.5 million in the latter part of 1965 to less than 1.0 million toward the end of 1966. Appropriate fiscal policy coupled with less monetary restraint would have produced better results. Fiscal restraint was not ap­plied until mid-1968, two years later. We must have fiscal restraint now in order to avoid another 1966 type of credit crunch. This restraint must continue until inflation is checked. TEXAS BUSINESS REVIEW INDUSTRY, 1968 Stanley A. Arbingost In 1968 Texas manufacturers broke all previous records in the number of workers they employed, in the amount of industrial electric power they used, and in the amount of value they added by manufacture. These performances were supported by a record high set in the value of Texas mineral production, which is estimated by the Bureau of Mines to have risen to $5.67 billion from $5.4 billion in 1967. Reliable data on value of output from agriculture, forestry, and fisheries are not yet available, but all three categories probably operated at levels as high as that of any previous year, if not higher. Almost 709,000 persons were estimated by the Texas Employment Commission to be at work in the state's :fac­tories in December 1968. This was a 4-percent increase above employment for the same month in 1967. The index of industrial electric-power use stood at 214.5, well above the index value of 191.8 set in December 1967. Value added by manufacture was estimated by the Business and De­fense Services Administration to have reached $11.8 bil­lion, more than $2 billion above the 1967 level. The esti­mate of $12.6 billion for 1969 would indicate that 1969 per­formance is not expected to maintain as high a pace as that of 1968. Food Processing For the second straight year food processing failed to regain its former number-one ranking in employment among Texas manufacturing categories. Transportation equipment, which surpassed food processing in 1967, easily retained that position in 1968. Even so the estimated 86,800 food-processing employees in December marked a 4-percent gain during the year. Nationally, food-processing employment declined by an estimated 0.4 percent, probably because of automation. The outlook for this industry is optimistic because the nation's population continues to in­crease and exports are holding fairly steady. The list of major processors of food in Texas reads like a "Who's Who in the Food Industry," including such well-known firms as Armour, Wilson and Company, Anderson Clayton, Kraft, Frito-Lay, Uncle Ben's Rice, Foremost Dairies, Hormel, Swift, General Foods, Quaker Oats, Schlitz, Corn Products, Imperial Sugar, California Packing Company, Folger Coffee Company, Borden, Carnation Company, and Booth Fisheries. Transportation Equipment and .\ erospace By the close of December 100,000 persons were estimated to be working in the Texas transportation-equipment in­dustry. This figure was up about ten percent from 1967. The rapid development of this industry in Texas is well illustrated by the following table: Year (December) Number of Employees 1966 75,400 1967 90,700 1968 100,000 The increase since 1966 has amounted to almost 25,000, or about 33 percent. In 1967 transportation equipment surpassed food processing as Texas' largest employment category in manufacture, and it still retains its lead. Until recent months Bell Helicopter has concentrated its manufacturing facilities in and around Fort Worth and Hurst in Tarrant County, where more than a dozen plants are operated. This year, however, Bell opened a new facil­ity at the Amarillo Air Force Base for the purpose of overhauling and modifying helicopters damaged in Viet­nam. Employment in this operation was forecast to reach about 650 by February 1969. Bell also expanded several of its Tarrant County plants during the year. Total employ­ment by Bell in Texas is now approximately 11,000. Late in 1968 the company delivered its 11,000th aircraft. Other major aircraft manufacturers in Texas include General Dynamics at Fort Worth, which now operates a supporting plant in Waco, and LTV, which has major operations in Garland, Grand Prairie, Greenville, Dallas, and Longview. Both of these companies have a number of expansion programs underway. General Dynamics is focus­ing its production capacity on the F-111 swept-wing air­craft; LTV's major output of craft is the Consair II. A recent McGraw-Hill survey reports that the aerospace industry expects sales to decline about 2 percent next year because defense needs will probably taper off. The indus­try expects, however, to increase its capital investment by 19 percent during 1969. Employment at General Motors' Arlington assembly plant reached 4,217 in December, an increase of 266 over the work force of the same date last year. The payroll reached $27.5 million. In Dallas, Ford completed a 100,­000-square-foot enlargement program and the payroll in­creased to $19.2 million. Assembly operations were begun in Dallas in 1913; last year the 3,000,000th Dallas-built Ford came off the assembly line. Manufacture of trailers, boats, and mobile homes was notably dynamic during 1968 in Texas. The most dynamic of these appeared to be the mobile-home segment, which had many new plants built and many expansions of those plants already in place. >Iachinery. except Electrical Nonelectrical machinery is an industry which does a large export business, especially in equipment used in agri­culture, construction, and mining. Manufacture of the lat­ter is especially important in Texas, which produces a high proportion of the equipment made for the oil industry in the United States and throughout the world. Seventy­seven percent of such establishments are located in Texas, Oklahoma, and California, with the heaviest concentration being in Houston and surrounding communities. The total number of employees producing equipment in the oil in­dustry in the nation in 1968 was estimated to be 36,800. Employment in the Texas nonelectrical-machinery indus­try reached 64,000 by December, 7 percent above that of 1967. Only transportation equipment in the manufactur­ing employment category exceeded nonelectrical machinery in percentage increase in workers during the year. The outlook for 1969 is equally optimistic, particularly in the oil-field equipment segment. Electrical :llachinery, Equipment, and SuppliesI Employment in 1968 for this dynamic industry in Texas INDUSTRIAL PRODUCTION, TEXAS• Ind.. Adiu•tff for SHaolNI V.r1•t1on-Jf17 115' 100 )50~~....-~--..-~.:....-.......-....---.....--.......-..,........-,...-...,......-..,.-....-,..........., 350 13ao1---+~-l-~.l--+~-l-~+-----"i---+-~+-~i---+~+-~t--t 200 »o1---+~-1-~.1--+~-+-~+---1i---t-~-1--~1---+~+-~t--t 250 ilool--+~-+-~+---+~-+-~-t---11---t-~+-~t---+~+-~i---. 200 L.---1.....-..........-.__......-.........---_.....-...........-......_.....-..........-.._~....-~ 0 lfH 19H 1'57 IHI 1959 IHO 1..1 1..2 1961 1964 1965 ,... INT ,... •w. tve ud lul'&I• ( loll q c U aacl tar&l I JlfO'I' lllad area• Jndlcatit period• of decline of total lnalllMH a d:v J tU Uo.lted Statwa aouacs r an1 a ••• ,,.. aaa1t D&Uaa. VALUE ADDED BY MANUFACTURE TEXAS AND SELECTED STANDARD METROPOLITAN STATISTICAL .\REAS' 1964, 1968, and 1969 Value added (millions of dollars) Percent increase 1968 1969 from from Area 1964 1968* 1969* 1964 1968 Texas .......... . . . ... . . 9.730 11,824 12,599 22 7 Amarillo ........... ... 43 42 42 -2 •• Beaumont-Port Arthur- Orange 814 894 939 10 ····· ········· Corpus Christi ... . . . . . 196 223 236 14 El Paso . . . . . . . . . . .. . . . 166 180 190 8 6 Fort Worth ..... ... . . . . 1,050 1,186 1,271 13 7 Houston .......... .. ...2,617 2,801 2,978 6 Lubbock . . . . . . . . . .. . . . 77 83 87 5 San Antonio .......... 252 280 294 11 Waco ................. 125 124 128 1 Wichita Falls .......... 35 37 38 6 3 • Estimat.es. •• Change is less than one half of 1 percent. 1 Dallas Standard Metropolitan Statistical Area omitted because of incomplete data. Source: Abstracted from U.S. Department of Commerce, U.S. In­dustrial Outlook, 1969, p. 326. was up only 2 percent above that in 1967. Output, however, is estimated to have gained substantially over production the previous year. Industry shipments in 1968 at the na­tional level were estimated to have reached $123.3 billion, about 4 percent above the level estimated at the close of 1967. Since employment in the nation was up only 1 percent, the 2-percent increase in Texas was somewhat above that for the nation. Texas is one of the six leading states in the production of commercial, industrial, and government electronic sys­tems and equipment. The Business and Defense Services Administration expects that factory shipments will be about 5 percent above 1968 levels. Chemicals and Allied Products Texas employment in the production of chemicals and allied products increased 3 percent during the year, from 60,500 to 62,300. Employment at the national level in­creased by 2 percent. Most of the Texas increase resulted from placing new plants on stream. The outlook for expansion of this industry in Texas at the beginning of 1968 had not been particularly promising, but the year turned out to be one of the best on record. The prospects for 1969 are judged by forecasters to be better than those of the past two years. According to an estimate of the Business and Defense Services Administra­tion shipments at the national level can be expected to reach $47.4 billion in 1969, a 6-percent increase over ship­ments in 1968, which were estimated to total $44.7 billion. Much of this increase in value will come from Texas, which continues to lead in the production of chemicals. Capital investment in the chemical industry was high in 1968 and it will continue high in 1969. Major new plants and expansions already announced for Texas in 1969 in­clude greatly increased acetaldehyde capacity and hydro­carbon-cracking capacity for Texas Eastman at Longview; an Amoco Chemicals facility for production of polypropy­lene resins at Chocolate Bayou; also for Amoco Chemicals, an isopropanol and acetone unit at Texas City; for Rohm and Haas, a methyl methacrylate facility, at Deer Park; for National Distillers and Chemical Corporation, vinyl acetate plant, also at Deer Park; new acetaldehyde, acetic acid, vinyl acetate, ethylene oxide, and ethylene glycol units for Celanese at Clear Lake; for Dow Chemical, a styrene monomer unit at Freeport; methanol and acetic acid units for Monsanto at Texas City; and an acrylonitrile plant for DuPont at Beaumont. Dow will soon announce its choice of location of a huge ethylbenzene unit. This plant \\ill be located somewhere on the Gulf Coast, very likely in Texas. INDEXES OF CflEMICAL.s AND ALLIED PRODUCTS INDUSTRY UNITED STATES, 1959-1968 Item 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968# 1. Total shipments (billions of dollars) ............ 26.3 26.6 27.3 29.3 31.8 34.3 37.5 40.8 42.3 44.5 2. Production index (1957-59=100) . ................ 109.8 116.6 123.4 136.1 148.6 159.6 173.4 193.2 203.8 221.6 3. Assets (billions of dollars) ············ 23.3 24.3 25.9 27.1 28.7 31.7 35.4 38.2 41.6 45.0 4. Capital expenditures for new plant and equipment (billions of dollars) ··········· · 1.23 1.60 1.62 1.56 1.61 1.97 2.59 2.99 2.88 2.72 5. Wholesale price index (1957-59=100) .. ...............100.0 100.2 99.1 97.5 96.3 96.7 97.4 97.8 98.4 98.2 6. Total employment (thousands) . . .................809.2 828.2 828.2 848.5 865.2 877.1 902.3 954.4 991.0 1,029.7 7. Average weekly wage, production workers (dollars) ······················ 99.36 103.25 106.81 110.24 112.88 116.48 121.09 125.16 128.96 136.11 8. Funds for research and development (millions of dollars) ........... 743.0 807.0 881.0 939.0 1,004.0 1,098.0 1,198.0 1,324.0 1,438.0# 1,562.0 Average Percent growth increase rate per 1968 over year 1959 (percent) 69.2 6.0 101.8 8.1 93.l 7.6 121.1 10.1 -1.8 -.2 27.2 2.7 37.0 3.6 110.2 8.6 # Estimated. Source: Information Service. Manufacturing Chemists• Association, Inc., December 196.7. Intense competition, technological advances, and the rapid rate of obsolescence of equipment combine to make high capital investment mandatory each year for all the major chemical companies. Because of the size of the industry here, Texas can be expected to retain its lead in capital expenditures for new plant and equipment. Production of plastics materials is one of the fastest­growing segments of the chemical industry in Texas as well as in the nation. An article in the November 23, 1968, issue of Chemical ·week stated that U.S. plastics production would probably reach 40 billion pounds per year by the early 1980's, 300 percent above the 1965 output. New uses for plastics are being discovered almost daily. Major users are the packaging, automobile, furniture, and construction industries. Of these markets, the construction industry offers the greatest incentive for prospective growth. At least 6,000 companies in the United States are active in some phase of the plastics industry. The most active seg­ment of the Texas plastics industry is composed of the large chemical companies such as Dow, Monsanto, Amoco, DuPont, and Union Carbide, which compound the basic Employment Percent change (thousands) Dec• Dec 1968 from Dec 1968 from Industry 1968 Nov 1968 Dec 1967 TOTAL NONAGRICULTURAL ......3,544.6 MANUFACTURING .............. 708.8 Durable goods . . . . . . . . . . . . . . . . . . . 391.4 Lumber and wood products . . . . 20.5 Furniture and fixtures ... .... , . . 15.2 Stone, clay, and glass products 27.9 Primary.metal industries . . . . . . . 30.8 Fabricated-metal products . . . . . . 47.4 Machinery, except electrical . . . . 64.2 Electrical machinery, equipment, and supplies . . . . . . . . . . . . . . . . . 51.3 Transportation equipment . . . . . . . 100.0 Other durable goods (including ordnance) . . . . . . . . . 34.1 Nondurable goods . . . . . . . . . . . . . . . . . . 317.4 Food and kindred products . . . . . . 86.8 Textile-mill products . . . . . . . . . . . 8.0 Apparel and other finished textile products ........... , . . 55.0 Paper and allied products . . . . . . 14. 7 Printing, publishing, and allied industries . . . . . . . . . . . . . . 38.2 Chemicals and allied products 62.3 Petroleum refining and related industries . . . . . . . . . . 36.7 Leather and leather products 4.3 Other nondurable goods . . . . . . . . 11.4 NONMANUFACTURING ..... .....2,835.8 Mining . . . . . . . . . . . . . . . . . . . . . . . . . . 107.5 Crude petroleum and natural gas . . . . . . . . . . . . . . . . . . 101.l Metal, coal, and other mining . . 6.4 Contract construction . . . . . . . . . . . . 216.3 Transportation, communication, and public utilities . . . . . . . . . . . 260.6 Interstate railroads . . . . . . . . . . . . 30.2 Other transportation . . . . . . . . . . . 137.2 Communication . . . . . . . . . . . . . . . . 48.3 Public utilities . . . . . . . . . . . . . . . . 44.9 Trade . . . . . . . . . . . . . . . . . . . . • . . . . . . . 850.4 Wholesale trade . . . . . . . . . . . . . . . . 240.3 Retail trade 610.1 Building materials, hardware, and farm equipment . . . . . . . 31.0 General merchandise ... .. ......142. 7 Food stores . . . . . . . . . . . . . . . . . . 90.0 Automotive dealers and service stations . . . . . . . . . . . . 94.4 Apparel and accessories ...... 43.3 Other retail trade . . . .. . . . . . . . 208.7 Finance.. insurance, and real estate .......... ......... 175.1 Banking .. . . . . . . . . . . . . . . . . . . .. . 43.5 Insurance .......... ............ 72.6 Real estate and other finance .. 59.0 Services and miscellaneous ........ 555.3 Hotels and lodging places 38.1 ······· Laundries, cleaning and dyeing plants . . . . . .. . . . ... . . . 39.2 Other services and miscellaneous 478.0 ············· Government .. .. .. . . . . . . . .. . . . . . . . 670.6 Federal government 166.3 ············ - 2 1 2 .. .. 4 14 15 .. .. 2 5 4 3 2 7 2 10 12 3 4 8 3 3 16 9 5 2 2 9 7 2 4 4 3 2 4 5 6 7 8 4 9 5 • Preliminary. •• Change is less than one half of 1 percent. Source: Texas Employment Commission in cooperation with the Bureau of Labor Statistics, U.S. Department of Labor. resins of plastics from many feedstock elements. Numerous smaller processors, however, also mold, extrude, and lami­nate. The importance of the chemical industry to Texas was emphasized by an announcement by the DuPont Com- FEBRUARY 1969 pany that the firm had paid out $112,188,000 for shipments of materials and services to several thousand Texas ven­dors and that payrolls at its four plants in the state totaled $42,705,000 in 1968. If data for these four plants were to be expanded to include data for all chemicals manufactured in Texas the total would be truly impressive. Petroleum .Refining and Rd:~teci Inclust:ries Texas leads the other forty-nine states in refining capac­ity, in value added by manufacture of refinery products, and in refining employment. In December 1968 petroleum refiners in the state were estimated by the Texas Em­ployment Commission to be employing 500 more persons than in December 1967; the increase in 1967 over the 1966 total was estimated to be 100. These increases re­versed an employment decline which began in the early 1950's, when expansive modernization and automation pro­grams were begun by the state's major refiners. Expanded demand for output of the petroleum and gas­ products industries was the most important reason for the increase in the number of workers. Value of shipments at the national level reached $20.1 billion in 1968, in compari­ son with $14.5 billion in 1958. Production in Texas in 1969 should continue at the same level, or slightly above, with value of U.S. shipments forecast by the Department of Commerce to reach $21 billion. Refineries are located in the main so as to gain easy access to crude oil. Texas and Louisiana together account for a major portion of the nation's reserves. These re­ serves and their location on the Gulf Coast, open to year­ around shipping, have been the most important of the factors attracting the heavy concentration of refining in the two states. Refining capacity in Texas will be expanded substantially by 1970-1971, when Crown Central will have an added 40,000 barrels of capacity per stream day and when Shell's crude capacity of 100,000 barrels per stream day and hydrocracking capacity of 25,000 barrels per stream day will have been completed. Modernization programs are underway at a number of the other big refineries. Impor­tantly, too, substantial sums have been set aside for abatement of water and air pollution by all refiners. Lumb(;r and Wood Products (Including Paper) Texas pulp mills now make up slightly over 8 percent of our national pulping capacity. This substantial increase over 1960 production reflects the trend for the industry to shift toward the South and the West. Demand remains high; in 1967 per capita consumption reached 512 pounds, bringing an 18-percent increase for the seven years of the decade. Texas employment in this industry gained by 3 percent during 1968. New sources of pulpwood are being sought. In one Central Texas county a substantial acreage of cottonwood trees has been planted for ultimate use as a raw material for paper and paperboard. Cottonwood, a fast-growing tree, has long been considered to be of little or no commercial use. This development will be watched with special inter­est by farmers in areas where tree farming is now un­known. The Business and Defense Services Administration esti­ mates that lumber production in the nation is expected to approximate 36.3 billion board feet in 1969, a gain of 3 percent over 1968. Texas employment in the industry was stable during the past year, but will probably increase slightly during 1969, because of the expected high demand by the construction industry. Other types of lumber-using industries which should contribute to high demand are those producing pallets, furniture, and railway cars. Apparei During 1967 employment in Texas apparel manufacture declined by 6 percent, but 1968 brought a 3-percent in· MINERAL PRODUCTION' IN TEXAS, 1967-1968 1967 1968 p Mineral Quantity Value (thousands.) Quantity Value (thousands) Cement: Portland . .....• .. .... . ............thousand 376-pound barrels . ....•.••. 31,944 $99,329 34,125 $106,452 Masonry ... . .......... . .......... . thousand 280-pound barrels ......... . 888 2,847 1,058 8,320 Clays .... . .......•.•.................thousand short tons ............••... 4,497 8,081 4,507 8,081 Gem stones .. . . .. ............. . ...................................... . ... . na 150 na 150 Gypsum .............................thousand short tons . , . , , ........... . 984 3,419 1,071 8,594 Helium (refined) ...•................thousand cubic feet ... . ........... . . . 335,900 9,900 365,200 9,560 Heliu:n (crude) ...................... thousand cubic feet . . . . ............. . 977,600 10,246 1,043,700 11,428 Lime ...................... . ........thousand short tons ....... . .. ....... . 1,564 20,713 1,533 20,266 Natural gas .......... . ..............million cubic feet ........ . . . ... . .... . 7,188,900 948,935 7,548,300 1,003,924 Natural gas liquids : Natural gasoline and cycle products ..... , .. . . . . . . . . . . thousand gaJlons .... .. ..... . ........ . 4,031,589 277,105 4,108,440 286,613 LP gases ........ . ............ . .. . . thousand gaJlons ..................•. 7,449,439 320,326 7,888,860 315,554 Petroleum (crude) ............ .......thousand 42-gaJlon barrels ... , ....... . 1,119,962 3,375,565 1,144,350 3,467,381 Salt . . ...............................thousand short tons .. . ..... . ........ . 8,344 36,435 8,559 36,318 Sand and gravel .................... thousand short tons ........... . ..... . 31,398 39,170 33,910 42,388 Stone (includes basalt and sheJI) ... . .. thousand short tons ................. . 49,424 61,577 50,674 60,929 Sulfur (Frasch) ..................... thousand Jong tons .. . ............. . . . 3,448 111,931 2,569 102,755 Talc and soapst.one ..................short tons .......................... . . 90,836 356 122,000 525 Value of items that cannot be disclosed: Asphalt (native), bromine, coal (lignite), graphite, iron ore (usable, mag­ nesium chloride (for metal), magnesium compounds (except for metal), mercury, perlite (1967), pumice, sodium sulfate, uranium oxide, and crude vermiculite .......................................... . xx 80,286 xx 87,073 Total · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · --,--x~x:;------6;;-,-:-4"°'06::-,'°'37=:1:-------x-x------6-,5~6""6:.,,3""11:-I Pro~u~tion as measured by mine shipment.a, . sales, or marketable production (including consumption by producers). P Prehmmary. na Not available. xx Not applicable. Source: Mineral Industry Surveys, Bureau of Mines, U.S. Department of the Interior. TEXAS PULPWOOD MILLS, 1967 (by process and capacity Groundwood All and other Semi· Location Operator processes Sulfate mechanical chemical Evadale EasTex, Inc. . .....1,200 1,200 Dallas General Aniline and Film Corporation .... .. 40 40 Orange Owens-Illinois, Forest Products Division 900 900 Lufkin Southland Paper Mills, Inc. . . ....1,250 400 850 Sheldon Southland Paper Mills, Inc. .. .... 860 500 360 Diboll Temple Industries, Fiber Products Division 195 195 Pasadena U.S. Plywood-Champion Papers, Inc. .... 930 850 80 Total ..... . .. . ...............5,375 3,850 1,330 195 Source: Forest Service, U.S. Department of Agriculture, Souther-n PulRwood Production, 1967 Washington· 19 8 crease, in which the number of workers was estimated to have reached approximately 55,000 by the end of Decem­ ber. This 3-percent increase in Texas was 1 percent above the national increase of 2 percent. The 55,000 Texas gar­ ment workers account for about 4 percent of the national employment of 1,414 million in the clothing industry. In Texas the apparel industry is made up of a small number of large firms and of many small firms employing 50 persons or fewer. Apparel manufacture is concenhated in the Dallas and Fort Worth Standard Metropolitan Sta­ tistical Areas and in the surrounding counties, but im­ pressive concentrations occur also at El Paso and San Antonio. In r ecent years this labor-intensive industry, in which between 75 and 80 percent of all employees are women. has tended to locate new garment plants in such areas as \Vest Texas and the Rio Grande Valley, where a surplus of female labor is readily available. For example, within the past fifteen years executives of sizable apparel-manufacturing operations have chosen to locate in communities such as Wichita Falls, Amarillo, McLean, Pampa, San Angelo, Abilene, Kermit, Pecos, Quanah, and Sweetwater-all in West Texas. In the Valley new plants include those established at Del Rio, Eagle Pass, Laredo, San Benito, Brownsville, Weslaco, and Mc­ Allen. This year the owners of the company which manu­ factures the well-known Haggar slacks announced a deci­ sion to locate new factories at Robsto,vn, near Corpus Christi, and at Edinburg, in the Valley. Andrews in West Texas has been chosen by the Wentworth Company as the site for a new plant which is expected to employ about 500. A number of factors contribute t o the promising outlook for the apparel industry in the nation and in Texas. Per capita incomes are increasing; the population is expanding; the public is more fashion-conscious; and there is a greater demand for many types of leisure clothing. The major news in the Texas primary-metals industry during 1968 was the announcement of National Steel's purchase of 3,700 acres near Ingleside, in San Patricio County, as a site for a metallurgical plant. The existing 40-foot Corpus Christi Ship Channel will provide direct access from the site to the Gulf. No announcement of the size or type of facility has been made, but investment in the facility is expected to exceed $100 million. Texas, which has both blast furnaces and steel-making furnaces, now has facilities to produce thirteen of the twenty-five major product categories of the steel industry. They include: hot-rolled sheets, hot-rolled strip, reinforc­ing bars, other hot-rolled bars and light shapes, cold­finished bars, heavy structural shapes, plates, skelp, pipe and tubing, wire rods, plain wire, wire products, and blooms, billets, and slabs. The two major steel-making companies in Texas are Armco, at Houston, and Lone Star, near Daingerfield. The Texas \\'orks of U.S. Steel is still under construction on a 13,000-acre site at Cedar Point in Harris and Chambers Counties, near Baytown, where during the second phase of plant building, a continuous slab caster is being in­stalled. Modernization of the casting plant at Alcoa's Point Comfort smelter at a cost of approximately $1 million is underway. The plant is being expanded because orders for rigid container ingot have increased. Both alumina and aluminum are produced at Point Comfort. At Alcoa's Rockdale plant a seventh pot line was placed in operation and construction was begun on an eighth. When the eighth line is completed, capacity will be 275,000 tons per year. Some of the new smelting capacity will be used in the manufacture of redraw rod at Rockdale. The redraw rod will then be shipped to Alcoa's new works at Marshall, where it will be used as a raw material for the production of electrical conductors. At Rockdale combined employment of Alcoa and Industrial Generating Company, which supplies power from lignite for the works, now ex­ceeds 1,650, with the annual payroll currently more than $13.5 million. Reynolds :\Ietals also produces aluminum and alumina in Texas. Reynolds operates two plants in the Corpus Christi area: the Shen,in Plant at Gregory produces alumina, and the San Patricio plant nearby uses the alumina to make aluminum. Corpus Christi is also the headquarters for Reynolds Marine Division, which operates a fleet of vessels to bring bauxite ore from Jamaica to be used in alumina manufacture. Reynolds is the largest nongovern­ment employer in the Corpus Christi area. Texas accounts for about 90 percent of magnesium­manufacturing capacity in the nation. Manufacture in Texas is now confined to Dow's major operation at Free­port, in Brazoria County. However, plans are underway to produce this lightweight metal from underground brines by American Magnesium Company at Snyder, where a 30,000­ton-per-year electrolytic plant is under construction at a cost of $30 million. About 10,000 tons of the 30,000-ton capacity will be ready for production in mid-1969. FINISHED PORTLAND CEMENT PRODUCTION TEXAS AND UNITED STATES thousand 376-pound barrels) 1963 1964 1965 1966 1967 1968 Te.us . . . . . . . . . . . . . . . . . . . . . . . . . • . • . . . . . . . • . . . . . . . . . 29,150 Total United States .......... . ... . .• .• . . ... . . .. , . . 352,543 Texas percent of total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8.3 29,792 368,633 8.1 30,771 371,422 8.3 31,487 384,632 8.2 32,277 369,399 8.7 34,768 408,635 8.5 Source: Bureau of Mines, U.S. Department of the Interior. MILITARY PRIME CONTRACTS OF $10,000 OR MORE TEXAS AND PERCENT OF UNITED STATES TOTAL FISCAL YEARS 1962-1968 Amount Percent C>f Year (milliC>ns <>f d<>llars) Unit.ed States 1962 l,006 4.0 1963 1,203 4.8 1964 1.294 5.3 1965 1,447 6.2 1966 2,292 7.2 1967 3,547 9.5 1968 4,087 11.0 SC>urce: Military Prime Contract Awards by Region and State, Office of the Secretary of Defense, Directorate of Statistical Services, Novem­ ber 1968, p 2. Phelps Dodge is proceeding with an expansion project at its El Paso refinery. When the expansion is completed the refinery will be the largest in the United States. In­cluded in the 100,000-ton expansion program is a new hot­rod rolling mill. Stone, Clay, Glass, and Concrete The 1969 outlook for the stone, clay, glass, and concrete industry is highly promising because of the expected up­surge in the construction industry. Employment in Texas during 1968 was up 1 percent over the level of 1967. During 1968 Texas production of finished portland cement reached 34,768,000 barrels, up about 2.5 million barrels from the 1967 output according to preliminary estimates made by the Bureau of Mines. Lone Star Cement Corporation closed its Dallas County plant during the year and expanded and modernized its Houston facility. Georgia Pacific added to its gypsum plant at Acme by building a board plant and other manufacturing facilities. A brick plant at Pittsburg in Northeast Texas which had been closed for some time was reactivated and expanded. Chat­tanooga Glass Company will add a new furnace at its Corsicana glass-container plant; construction will probably be completed by mid-1969. This is part of an expansion program which will almost double production at Corsicana. 'lilitan· Prime Contracts In 1968 Texas continued to rank second among the fifty states in the amount of money spent on prime mili­tary contracts by the federal government. Approximately 11 percent of all money allocated for this purpose was spent in Texas. Only California, which accounted for 17.4 percent of the total, exceeded Texas. No other state shared as much as 10 percent of the total. Several of the nation's biggest prime contractors headquartered in the state dur­ing the year. The transportation-equipment industry, chiefly the air­craft segment, accounted for the largest share in Texas, but millions of dollars were spent with refiners of petrol­eum, with manufacturers of electronic equipment, and with producers of apparel. For example, several Texas clothing manufacturers hold contracts to produce military uniforms, especially of the work-clothing type. Not so well known and understood is the fact that be· tween 4 and 5 percent of the Texas work force is estimated to be employed in the manufacture of ordnance items such as bomb casings. ammunition boxes, fuses, solid-rocket motors, and other equipment. Peace in Vietnam would result in an almost immediate cutback in orders for ord­nance items. If peace should be negotiated, however, skills developed by workers in ordnance plants would almost assuredly be in demand by other manufacturers. Outlook Though many economists anticipate that 1969 will not be as promising for manufacturing in the nation as was 1968, the outlook for most Texas manufacturers is slightly more optimistic. The state's population is continuing to grow at a rate somewhat above that of the nation; the number of Texas inhabitants is now about 11 million. This means that more market-oriented and more labor-oriented indus­try will be attracted. Texas continues to lead in value of mineral production, and it ranks high among the states in production from farms and forests; therefore the state can be expected to draw more raw-material-oriented in­dustry and retain and expand those industries already in place. (concluded p. 42) TEXAS BUSINESS REVIEW Texas urban building authorizations in 1968 rose to a new record high for the second year in a row, the nearly $2.2 billion of authorizations reflecting a gain of 13 per­cent from the year before. While this gain was below the extraordinary 19-percent increase recorded in 1967. it was more than double the average rate of the past decade. The outstanding performance of Texas building activity during 1968 occurred in a setting of high economic prosperity and rapid growth for the state and the nation, with the state's general growth continuing to exceed the national rate by a significant margin. The major flaws in this picture of general economic progress were accelerating price increases and tightening credit conditions, developments "·hich, if left unchecked, could stifle further growth in important categories of construction in Texas and the nation. Grounds for optimism about the problems of inflation and credit stringencies appeared somewhat firmer, however, by the start of 1969. The trend of Texas building continued upward through­out all of 1968. In December the seasonally adjusted index of total construction authorized in the state was the high­est since the abnormally high record peak of August 1967, when there was an unusual bunching of authorizations. The December index, at 231 percent of the 1957-1959 base-period level, was well above the average levels of 161 percent in 196i and 182 percent in 1968. The leading category of Texas building construction in 1968 was new residential construction, which showed a 29­percent increase in permit values to reach a record total of over $1 billion. The 1968 growth in Texas residential authorizations was only moderately less than the growth rate of 1967 and reflected a continuation of the recoverv from the declines of 1964, 1965, and 1966. The seasonall~ adjusted monthly index of residential construction author­ized in Texas reveals that the trend for this type of con­struction was still strong at the end of the year. The index reached new record highs in each of the last three months of 1968, and the December index, at 208 percent of the 1957-1959 monthly average, was 28 percent higher than the average for 1968 and more than three times the low point reached in the 1966 decline. The number of residential dwelling units provided by Texas building permits rose by more than one third during 1968 to an annual total of over 97,000. The inclusion of units not covered by urban permits would certainly bring the state total of new dwelling units for the year to more than 100,000. The Texas growth in new residential units during 1968 was exactly double the corresponding national rate of increase. Within the residential category, apartment construction was the stellar performer in both the state and the nation last year. The value of apartment authorizations in Texas rose 91 percent during 1968. This growth is doubly impres­sive because it was on top of a 65-percent increase for the year before. As a consequence of these large increases, multiple-family dwelling authorizations rose to more than 40 percent of the value of all residential authorizations in the state chiring 1968, to nearly two thirds of the total number of d,,·elling units provided by these authorizations, and to over one fifth of the $2.2 billion value of all types of building authorizations in the state. Except for the greater total value of one-family dwelling authorizations, no other category of building in Texas came even close to the importance of apartment construction during the past year. Authorizations for one-family dwellings in Texas during 1%8 continued to register a sizable total dollar in­crease, but the annual percentage rate of growth for this category slowed from the 1967 pace to a 6-percent increase in terms of value and to a 2-percent gain in terms of units. Helping to raise the total of Texas residential authori­zations to a new record level at the close of the year were nine December permits worth over $1 million each for apartment projects. Four of these were issued at Pasadena in the Houston Standard :\Ietropolitan Statistical Area. One of these at Pasadena, valued at $3.5 million, was the largest apartment authorization in the state during December. The value of nonresidential building authorizations in Texas during 1968 registered a decline of 5 percer;t but totaled second only to the record reached in 1967. The trend EST'• TED ~l. .;s OF Bl.TILDI 'G Al T ORiz-n TEXAS Percent change Dec Jan-Dec 1968 1968 Dec 1968 Jan-Dec 1968 from from Classification (thousands of dollars) Nov 1968 Jan-Dec 1967 ALL PERMITS . .. ......192,460 2,162,251 13 New construction ......171,595 1,917,220 12 Residential (House­ keeping) 93,740 l,085,644 29 One-family dwelJings 41,744 616,072 -12 Multiple-family dwellings ........ 51,996 469,572 18 81 Nonresidential buildings 77,855 831,576 •• Hotels, motels, and tourist courts .... 1,531 36,900 -6 Amusement buildings 690 13,617 177 -28 Churches ..... ..... 2,689 34,647 39 8 Industrial buildings 10,354 113,675 -3 -9 Garages (commercial and private) 2,606 19,049 308 161 Service stations .... l,300 16,908 -28 1 Hospitals and institutions 4,740 73,274 -13 -11 Office-bank buildings 9,234 97,806 62 -1 Works and utilities 871 48,431 -87 12 Educational buildings 32,446 203,681 32 -12 Stores and mercantile buildings 8,544 145,645 -50 -3 Other buildings and structure 2,850 27,943 89 12 Additions, alterations, and repairs .......... 20,865 245,031 -19 19 METROPOLITAN t vs. NONMETROPOLITAN t Total metropolitan ......174,337 1,920,197 -4 13 Central cities ........100,480 1,389,815 -20 8 Outside central cities 73,857 530,382 33 28 Total nonmetropolitan . . 18,123 242,054 27 12 10,000 tc 50,000 population 12, 33 154,984 42 21 Less than 10,000 population 5,290 87,070 Standard metroPolitan statistical area as defined in 1960 Census and revised in 1968. •• Change is less than one half of 1 percent. Source: Bureau of Business R~earch in cooperation with the Bureau of the Census, U.S. Department of Commerce. of Texas nonresidential authorizations improved during the year. The December seasonally adjusted index, at 256 per­cent of the 1957-1959 average, was the highest since the abnormal bunching of authorizations in August 1967 and exceeded by significant margins both the annual average index of 220 in 1967 and that of 208 in 1968. Among the various types of nonresidential buildings, only commercial and private garages, works and utilities, and the miscellaneous category "other nonresidential build­ings" showed significant increases in authorizations in Texas during 1968. While most other nonresidential cate­gories recorded declines in authorizations in Texas last year, the largest decrease was for educational buildings. This large decrease is partly explained by the fact that authorizations for educational buildings had been at ex­ceptionally high levels in the state during both 1966 and 1967. Despite the 1968 decrease, educational building auth­orizations were again providing important support to the growth of Texas nonresidential construction by the end of the year. A half-dozen educational buildings valued at over $2 million each were authorized in the state during Decem­ber. The largest were a $4.4-million structure to be built for Texas Technological College at Lubbock and another costing $3.3 million to be built for The University of Texas at Arlington. Permits for additions, alterations, and repairs as well as the authorizations for new residential and nonresidential buildings, are a significant part of total building authoriza­ tions in Texas. Such permits rose 19 percent in Texas dur­ ing 1968 to a record total of over $245 million. Among Texas standard metropolitan statistical areas the largest amounts of building authorizations during 1968 for both residential and nonresidential buildings were in the R~SIDENTIAL BUILDING AUTHORIZED IN TEXAS• lades Adjuafetl tor SNtonM Vadation-lfJ1.lfff•IOO HO 2IO 2IO 200 I ,,., .. . A A J IVVI, • ,.. It'" r ./'W n.. .I ... ~l.J 100 A. .~ \ ·vvv " ""' ,., ,., 19JS 1956 lt17 1951 1959 IHO 1'6 1962 196:1 1964 1965 1966 1967 961 five major standard metropolitan statistical areas of Hous­ton, Dallas, Fort Worth, Austin, and San Antonio. Houston held the lead in value of total building authorizations and nonresidential authorizations, while Dallas led in value and number of residential units authorized. The sharpest rates of gain in building authorizations in the state during 1968 were reported for the SMSA's of Texarkana, Brownsville­Harlingen-San Benito, Galveston-Texas City, and McAllen­Pharr-Edinburg. Texarkana and Galveston-Texas City led in nonresidential building growth rates, while the other two areas, which are !Joth in the Lower Rio Grande Valley, led in gr,)wth rates for the value of residential authoriza­ tions. Forecasts by industry experts of construction activity in the nation during 1969, like most forecasts of gross na­tional product, generally call for somewhat slower rates of growth compared with 1968. The standard outlook for practically all of the important individual categories of construction is positive but reduced rates of gains. Fore­casts for building in Texas major metropolitan areas like­wise point to further increases in activity in 1969. Support­ing this outlook are plans of businessmen to increase out­lays for plant and equipment, scheduled increases in public construction outlays, and builders' forecasts of continued expansion in residential building. These latter forecasts are reinforced by evidence of rising basic demands for housing, currently low vacancy rates for both rental and owner-occupied dwelling units, a hoped-for slowing in the increase of housing prices, and the prospect that present government fiscal policies will help bring forth more, if not cheaper, mortgage credit through at least the first half of the year. These credit conditions are anticipated despite the fact that mortgage and other basic credit rates were still rising as of January 1969 and might go somewhat higher before reaching a peak. Conventional new-home first mortgages in the Southwest were already up to an average rate of around 7.5 percent at the end of 1968. With regard to apartment construction, which showed such outstanding growth in Texas during 1967 and 1968, the recent rapid growth presumably reflects long· run changes in such things as the size and age characteris· tics of families, the degree of urbanization, and preferences in living styles; it reflects also the shorter-run influence of 2. differential impact of tight credit favoring apartment construction over single-family homebuilding. Granted the existence and the significance of these influences, it ap· pears doubtful that they will persist to such a degree that they can maintain the recent rates of growth in apartment construction in the state during the next few years. Robert H. Ryan in his review of building in the November 1968 Texas Business Review pointed out developing changes in the character of Texas urbanization with a significant amount of residential construction occurring outside the metropolitan centers; he noted also the projected growth in family numbers and family size in the homebuying age brackets between now and 1975. In the short run, there is the expected easing of mortgage credit supplies. All of the factors argue against the continuation of such a large shift in residential building toward apartment construction. At the same time, however, the growth in single-family home construction should improve. In short, the mix may change, but total building activity in the state is still look· ing up. TEXAS RETAIL TRADE, 1968 Dennis W. Cooper At the end of 1968 retail sales in Texas were maintain­ ing the high level of activity on which this vital aspect of the Texas economy has operated throughout the year. Total retail sales in Texas during 1968 recorded a 10-percent increase over 1967. This increase is significantly larger than the comparable 7-and 3-percent growth rates re­ corded for 1966 and 1967 respectively. Sales of durable goods provided the bulk of the increase by registering a hefty 17-percent increase over their 1967 sales total, while sales of nondurables recorded a 6-percent rise from 1967. These percent increases are illustrative of the strength of retail sales for all of 1968 in Texas as demonstrated by the fact that the increases for total retail sales and sales of durable goods exceed the comparable mid-1968 figures by one percentage point and that sales of nondurables, \\"hile relatively weaker than durables, still maintained their mid-year level without losses. All major store categories of both durable and nondur­able goods recorded increases over their 1967 sales levels. Durable goods registered the highest level of consumer ac­ceptance, with lumber, building-material, and hardware dealers chalking up a 19-percent increase as automotive stores recorded an 18-percent gain and furniture and house­hold-appliance stores achieved a 10-percent increase. The growth in sales of nondurable goods was less spectacular, with increases ranging from 3 percent for food stores up to 11 percent for general-merchandise stores. The Texas total retail sales figure of $1,972 million for December represents an 18-percent increase over the No­vember total and a 7-percent increase over December 1967. These figures compare favorably with the 14-percent in­crease over November 1968 and the 5-percent rise from December 1967 registered by retail sales at the national level. December increases over November in the unadjusted sales figures for furniture and household-appliance stores (32 percent), hardware stores ( 30 percent) , and farm­implement dealers (28 peromt) helped offset losses in sales by automotive stores (-4 percent) and lumber and building-material dealers (-4 percent). Unadjusted state­wide sales figures for nondurables during December show a majority of increases, to be expected as a result of heavy Christmas shopping. When the December sales data are adjusted for seasonal variation all three categories of retail sales, total, durable, and nondurable, reflect decreases from November. Total retail sales were down 7 percent while sales of durables and nondurables recorded decreases of 2-and 10-percent respectively. With the exception of drugstores, which re­corded a 1-percent increase, all major store categories for nondurable goods registered decreases during December in their adjusted sales figures. Automotive stores produced the only seasonably adjusted decline among durable goods for December but it was sizable enough to produce a de­crease for the whole category of durables. One mitigating factor in evaluating these monthly declines is the fact that November 1968 was an extremely good month for retail sales in Texas according to the seasonally adjusted data and thus most categories of both durable and nondurable goods were unable to maintain November's frenzied pace. Another probable, though entirely speculative, factor is the likelihood that Christmas trade was drawn into the November totals by the determined effort of retailers to stimulate November shopping as a counterbalance to the shortened post-Thanksgiving season. Automotive stores experienced a high level of sales throughout 1968. At mid-year this category was registering a 16-percent increase over the first half of 1967. By the end of December sales by automotive stores had risen to 18 percent above the figure for 1967 with the important subcategory of motor-vehicle dealers registering an identi­cal increase. Although December sales by automotive stores declined 4 percent from November, they were 12 percent above the figure for December 1967. Favorable consumer reaction to the 1969 automobiles is helping to off­set the negati,·e effects of higher prices and the 10-percent RETAIL-SALES TRENDS BY KIND OF BUSINESS (Unadjusted) Percent change December from November Actual Number of Dec 1968 Dec 1968 Jan-Dec 1968 reporting Normal from from from Kind of business stores seasonal* Nov 1968 Dec 1967 Jan-Dec 1967 DURABLE GOODS Automotive storest . ... . 233 -4 12 18 Motor-vehicle dealers . . 159 -5 13 18 Furniture and housebold­appliance storest .. . 134 28 32 -1 10 Furniture stores . . . . . . 82 25 2 10 Lumber, building-material, and hardware dealers 205 -13 4 19 19 Farm-implement dealers 17 28 .. 13 Hardware stores ...... 56 30 11 Lumber and building- material dealers .. . . 132 -4 27 22 NONDURABLE GOODS Apparel stores ......... .247 90 58 1 Family clothing stores 41 63 -2 Men's and boys' clothing stores . ....... ..... . 53 86 8 13 Shoe stores .......... .52 33 -11 Women's ready-to-wear stores .............. 78 48 Other apparel stores . . 23 64 6 10 Drugstores . .... . .......133 41 42 6 Eating and drinking placest .. .... ...139 -1 4 Restaurants . .. . ...... 93 -4 4 Food storest ... . ... . ....239 17 9 -2 3 Groceries (without meats) ...... 66 3 4 Groceries (with meats) ......159 9 -2 2 Gasoline and service st.ations . .. . 1007 14 12 10 General-merchandise stores ........... ... 140 96 49 14 11 Full-line stores . . . . . . . 55 49 34 16 Dry-goods stores . . . . . . 53 42 4 4 Department stores . . . . 32 51 6 12 Other retail storest ....242 54 44 7 Florists . . . . . . . . . . . . . . 43 75 3 11 Nurseries 14 -4 10 .. Jewelry stores 38 170 6 Liquor stores 23 34 3 Office-, store-, and school­ supply dealers . . . . . . 34 12 4 6 • Percent change of current month's seasonal average from preceding month's seasonal average. t Includes kinds of business other than classifications listed. •• Change is less than one half of 1 percent. federal tax surcharge. Continuation of automotive sales at such a frenzied pace will be highly dependent upon such factors as the rate of growth of personal income, the easing of inflationary pressures, and consumer reaction to the price increases effective January 1 for new mandatory safety features on all 1969 models. Furniture and household-appliance stores were even more popular than usual with Christmas shoppers during December. A sizable 32-percent increase over November was recorded, noticeably higher than the normal seasonal increase of 28 percent. Furniture and household-appliance stores have demonstrated continued strength throughout 1968 as reflected by their 10-percent sales increase over the 1967 total. The boom in residential construction, par­ticularly in apartment houses, has contributed heavily to the sales of furniture and household appliances and con­tinued expansion in this area is highly dependent upon the continuation of record residential construction activity. Lumber, building-material, and hardware dealers regis­tered particularly impressive sales figures both during December and throughout 1968. Sales were up 4 percent from November, compared to a normal seasonal decrease of 13 percent, and were 19 percent higher than in Decem­ber 1967. Total sales for all of 1968 also reflect a 19­percent increase from 1967. The burgeoning Texas con­struction industry provided much of the impetus for retail sales in this category during 1968, as lumber and building­material dealers recorded a hefty 22-percent increase over their 1967 sales figures. Farm-implement dealers continued to record high sales levels during 1968 in spite of the uncertainty surrounding farm-commodity prices. December sales were up 28 percent from November and the total sales for 1968 were 13 per­ cent higher than during 1967. Nondurable-goods sales during December registered a majority of increases over November, although only drug­ stores matched the comparable normal seasonal change. Changes from December 1967 were varied, with the only significant changes being recorded by gasoline and serv­ ice stations (+12 percent) and general-merchandise stores (+14 percent). Despite the fact that all subcategories of durable-goods sales during 1968 registered increases from their 1967 levels, only a few recorded gains of 10 percent or more. These include men's and boys' clothing stores ( 13 percent), other apparel stores (10 percent), gasoline and service stations (10 percent), full-line general merchandise stores (16 percent), department stores ( 12 percent), flor­ ists (11 percent), and nurseries (10 percent) . An analysis of the diverse factors which will affect retail sales during early 1969 produces an uncertain picture. Higher Social Security taxes, continuing inflationary pres­ sures, and payment of the retroactive portion of the federal tax surcharge will put a squeeze on many consumer pocket­ books during the first quarter of 1969. There is doubt in many quarters that total personal income in Texas can maintain the estimated 10-12-percent annual growth rate experienced during 1968. If this growth rate slows ap­ preciably sales of durable goods undoubtedly will decline significantly. But if no major disruptions occur in either domestic or foreign affairs to unduly threaten consumers and if the new administration takes steps to cool the in~ flationary fires, then the present favorable consumer attitude toward retail purchases should maintain a growth rate in retail sales slightly below the record pace of 1968. 42 PRELIMINARY ESTIMATES OF TOTAL RETAIL SALES (Unadjusted) Percent chanire Dec Dec 1968 Dec 1968 J an-Dec 196' 1968 p• from from from Type of store (millions of dollars) Nov 1968 Dec 1967 Jan-Dec 196 Total ... .............1, 972 18 7 10 Durable Goods t . . . . . 667 12 17 Nondurable goods . . ..1,305 26 5 p Preliminary. • Bureau of Business Research estimates based on data from the Bureau of the Census. t Contains automotive stores, furniture stores, and lumber, buildinr· material, and hardware dealers. •• Change is less than one half of 1 pe"'r._ce""n""t...,. ---------­ CREDIT RATIOS IN DEPARTMENT AND APPAREL STORES Classification Number of Credit ratios • Collection ratioe t (annual sales reporting Dec Dec Dec Dec volume 1967) stores 1968 1967 1968 1967 ALL STORES ...........30 60.9 60.1 37.7 37.3 BY TYPE OF STORE Department stores 9 63.1 57.6 41.3 39.7 ········ Dry-goods and apparel stores ... . . . . . . . 54.3 54.2 44.8 40.4 Women's specialty shops .. 9 58.3 56.8 35.0 32.4 Men's clothing stores 6 48.1 48.3 48.5 43.8 BY VOLUME OF NET SALES Over $1,500,000 . .........11 62.0 61.3 37.3 37.0 $500,000 to $1,500,000 .... 5 51.9 48.8 44.1 41.8 $250,000 to $500,000 51.9 52.4 38.7 39.l ······ 5 Less than $250,000 ..... .. 9 47.2 47.0 42.0 37.0 • Credit sales divided by net sales. Collections during the month d;vided by accounts unpaid on fint 0 he m.llnth. DOLLAR ESTIMATES OF ANNUAL TEXAS RETAIL SALES• Billion dollors llillion dollon •o~----------------------.~ ,.1------------------------C,;..:-:t---I"'•!------------------------\··f--,. *Annuol rote bosed on Jonuo ry-O•cember . Texas Industr:'l 1968 co tinued rom . 38) Furthermore, of the twenty manufacturing industries with the fastest growth rate in sales, according to a De­partment of Commerce study, nine are important to the Texas economy and are increasing output rapidly. These industries include the producers of: aircraft semiconduc· tors, radio and communication equipment, plastics, trailer coaches, truck trailers, tr uck and bus bodies, and com· mercial printing. Products of other fast-growing industries important here include: corrugated and fiber boxes; frozen fruits, juices, and vegetables; manifold business forms; meat products; optical instruments and lenses; organic chemicals; paper; petroleum products; primary aluminum; steel; and synthetic rubber. All of these factors augur well for Texas industry in 1969. TEXAS BUSINESS REVIEW ~ __....._,,,l 0 CAL BUS I NESS C 0 ND I Jf I 0 NS Statistical data compiled by: Mildred Anderson, Constance Cooledge, and Glenda Riley, statistical assistants, and Doris ALPHABETICAL LISTING OF CITIES INCLUDED IN FEBRUARY 1969 ISSUE 0 TEXAS BGSINESS REVIEW 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, 1968, prepared by the Population Research Center, Department of Sociology, The Vniversity of Texas at Austin. The population shown after the city name is the 1960 Census figure, unless otherwise indicated. Cities in SMSA's are listed alpha­betically under their appropriate SMSA's; all other cities are listed alphabetically as main entries. Retail-sales data are reported here only when a mm1­mum total of fifteen stores report; separate categories of retail stores are listed only when a minimum of five stores report in those categories. The first column presents current data for the various categories. Percentages shown for retail sales are average statewide percent changes from the preceding month. This is the normal seasonal change in sales by that kind of business-except in the cases of Dallas, Fort Worth, Houston, and San Antonio, where the dagger (t) is replaced by another symbol (tt) because the normal seasonal changes given are for each of these cities individually. The second column shows the percent change from the preceding month in data reported for the current month; the third column shows the percent change in data from the same month a year ago. A large variation between the 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. (t) 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 January 10, 1969. (t) 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. (if) Annual rate basis, seasonally adjusted. ( ¢;) Monthly averages. (X) Sherman-Denison SMSA: a new standard metro­politan statistical area, for which not all categories of data are now available. Abilene (Abilene SMSA) Alamo (McAllen-Pharr-Edinburg SMSA) Albany Alpine Amarillo (Amarillo SMSA) Andrews !Angleton (Houston SMSA) Aransas Pass (Corpus Christi SMSA) Arlington (Fort Worth SMSA) !Athens ustin (Austin SMSA) ay City Baytown (Houston SMSA) Beaumont (Beaumont-Port Arthur- Orange SMSA) Beeville Bellaire (Houston SMSA) ell ville elton ig Spring Bishop (Corpus Christi SMSA) onham orger rady Brenham rownfield rownsville (Brownsville-Harlingen­ San Benito SMSA) Brownwood Bryan Burkburnett (Wichita Falls SMSA) Caldwell Cameron Canyon (Amarillo SMSA) Carrollton (Dallas SMSA) Castroville Cisco Cleburne (Fort Worth SMSA) Clute (Houston SMSA) College Station Colorado City Conroe (Houston SMSA) Copperas Cove Corpus Christi (Corpus Christi SMSA) Corsicana Crystal City Dallas (Dallas SMSA) Dayton (Houston SMSA) Decatur Deer Park (Houston SMSA) Del Rio Denison (Sherman-Denison SMSA) Denton (Dallas SMSA) Dickinson (Galveston-Texas City SMSA) Dimmitt Donna (McAllen-Pharr-Edinburg SMSA) Eagle Lake Eagle Pass Edinburg (McAllen-Pharr-Edinburg SMSA) Edna El Paso (El Paso SMSA) Elsa (McAllen-Pharr-Edinburg SMSA) Ennis (Dallas SMSA) Euless (Fort Worth SMSA) Farmers Branch (Dallas SMSA) Fort Stockton Fort Worth (Fort Worth SMSA) Fredericksburg Freeport (Houston SMSA) Friona Galveston (Galveston-Texas City SMSA) Gatesville Georgetown Giddings Gladewater Goldthwaite Graham Granbury Grand Prairie (Dallas SMSA) £i'EBRUARY 1969 ALPHABETICAL LISTING OF CITIES INCLUDED IN FEBRUARY 1969 ISSUE OJ TEXAS BUSIN ESS REVIEW (continued) RefugioGrapevine (Fort Worth SMSA) McCamey McGregor (Waco SMSA) Richardson (Dallas SMSA)Greenville McKinney (Dallas SMSA) Richmond (Houston SMSA)Groves (Beaumont-Port Arthur-Robstown (Corpus Christi SMSA) Orange SMSA) Marble Falls Hallettsville Marshall Rockdale 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 Kirbyville La Feria (Brownsville-Harlingen­San Benito SMSA) La Marque (Galveston-Texas City SMSA) Lamesa Lampasas Lancaster (Dallas SMSA) La Porte (Houston SMSA) Laredo (Laredo SMSA) Liberty (Houston SMSA) Littlefield Llano Lockhart Longview Los Fresnos (Brownsville-Harlingen-San Benito SMSA) Lubbock (Lubbock SMSA) Lufkin McAllen (McAllen-Pharr-Edinburg SMSA) Mercedes (McAllen-Pharr-Edinburg SMSA) Mesquite (Dallas SMSA) Mexia Midland (Midlancl SMSA) Midlothian (Dallas SMSA) Mineral Wells Mission (McAllen-Pharr-Edinburg SMSA) Monahans Mount Pleasant Muenster Muleshoe NacogdochesNederland (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 Raymondville Ros·enberg (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 Texarkana (Texarkana SMSA) Texas City (Galveston-Texas City SMSA) Tomball (Houston SMSA) Tyler (Tyler SMSA) Uvalde Vernon Victoria Waco (Waco SMSA) Waxahachie (Dallas SMSA) Weslaco (McAllen-Pharr-Edinburg SMSA) White Settlement (Fort Worth SMSA) .JYiclfila_Falls ( ichita Falls SMSAl ALPHABETICAL LISTING OF SMSA'S AND CITIES WITHIN EACH SMSA, WITH DATA Percent change Percent chanre Dec 1968 Dec 1968 Jan-Dec 1968 Dec from from Jan-Dec Jan-Dec from City and item 1968 N ov 1968 Dec 1967 1968 1967 Jan-Dec !967 ABILENE SMSA (Jones and Taylor; pop. 120,100•) Retail sales ... . . . . .. .. . . .... .. . .. . . . . . . . . .. . . Apparel stores ........ . . . ...... .... .. . .. . Automotive stores ................ . .. . ... . Building permits, less federa l contracts . . . . . . Bank debits (thousands) ii .................. .. End-of-month deposits (thousands) i . .. . . . .... Annual rate of deposit turnover ....... .. ... . . Nonfarm em ployment (area) ........... . ... . Manufacturing employment (area) . . . ... . . Percent unemployed (area) . . . .. . . . .. . .... . . . $ $ $ 207,668 l,~82,980 104,439 18.3 38,600 4,430 2.0 33 10 20 -17 -2 -3 2 -1 -26 14 -4 29 -82 12 6 4 1 3 -20 $ ' ... ... .. ........ ... .. .. . 8,308,591 .. ... ... 96,700 # 19.0 # 37,463 # 4,271 # 3.0 # $ $ .... .... ... ..... ····· ··· 10,692,410 ... .. ... 94,491 # 19.l # 37,538 # 4,271 # 3.3 # --- 2 11 •• 22 2 2 1 •••• 9 For an explanation of symbols see p. 43. Percent change Percent change Jan-Dec 1968 Dec from from Jan-Dec Jan-Dec from Dec 1968 Dec 1968 Jan-Dec 1967 City and item 1968 Nov 1968 Dec 1967 1968 1967 ABILENE (pop. 110,049 r) Retail sales . . .. . . . . ... . . . . . . . ············ Apparel stores ·· ················· ······· · Automotive stores ... ... .................. Building permits, less federal contracts ...... $ Bank debits (thousands) $ ·· ····· ·············· · End-of-month deposits (thousandsH ....... ... $ Annual rate of deposit turnover .............. 33 t 62 t St 207,668 147,053 85,655 21.6 33 10 20 -16 13 10 9 14 -4 29 -82 20 5 13 $ 7,864,404 $ 1,576,797 $ 74,159 # 21.3 # $ 10,356,110 $ 1,550,738 $ 73,418 # 21.2 # 2 11 -24 2 Retail sales ... ········· ·· ······· ····· ·· ·· Automotive storES .. . . . . . . . . . . . . ... . . . . . . . Building permits, less federal contracts ... ... Bank debits (thousands) II . . . .. . ... . . . . . . . . . .. End-of-month deposits (thousandsJi . . . . . . . . . . Annual rate of deposit turnover ·············· Nonfarm employment (area) . . . . . . . . . . . . . . . . Manufacturing employment (area) ....... Percent unemployed (area) ... ............ ... AMARILLO SMSA (Potter and Randall; pop. 177,100•) 12 14 $ 1, 718,317 $ 4,637,200 73 •• 20 7 $ 153,215 2 10 31.9 2 3 60,700 6,670 24 4.1 11 28 13 17 21, 761, 782 22,222,329 - 2 14 $ 142,743 # $ 138,074 # 35.2 # 60,000 # 31.8 # 60,000 # 11 •• 6,011 # 5,662 # 6 3.3 # 3.1 # 6 AMARILLO (pop. 155,205 r) Retail sales .......... ... . . . . . . . . . . .. . .. .. . . . Automotive stores ····· ·· ·· ··· ············ Postal receipts• ··········· ··················· Building permits, less federal contracts ...... Bank debits (thousands ) . . . . . .. . . . . . ... . . . . . End-of-month deposits (thousands)t ... ....... Annual rate of deposit turnover ... ........... 33 t 8 6 t s 395,776•1,684,365 $ 416,650 85 11 s 153,742 5 33.2 7 13 14 6 $ 4,527,347 21 $ 20,131,384 11 $ 4,886,386 10 $ 134,674 # 36.5 # •20,243,694 $ 4,253,290 $ 130,717 # 32.6 # 13 17 -1 15 3 12 Canyon (pop. 6,755 r) Postal receipts• ... .. .. .. .. . . .. .. .... .... ..... Building permits. less federal contracts ...... Bank debits (thousands) ··· · ··· ·· ··· · ········ End-of-month deposits (thousands)t $ $ $ ~3.960 33,952 8,291 8,099 --- 6 60 10 6 15 $ 165,862• 1,630,398 $ 103,458 $ 7,244 # $ 1,978,635• 99,042 $ 6,746# -18 4 7 Annual rate of deposit turnover ··· ·· ·· ·· ····· 12.7 - 11 - 14 14.4 # 14.6 # AUSTIN SMSA (Travis; pop. 263,800•) RetaiJ sales 23 9 Eating and drinking places ........ .... . . Furniture and household·appliance stores .. -14 49 4.. Building permits, less federal contracts ..... . $ 6,548,300 -71 -25 Bank debits (thousands)IJ ... ..... ... .. ...... . $ 8,492,112 4 51 End-of-month deposits (thousands)t ........... . $ 284,729 15 36 Annual rate of deposit turnover .. ......... . 31.9 4 21 Nonfarm employment (area) ......... . .. . 119,000 6 Manufacturing employment (area) 10,600 24 Percent unemployed (area) ................. . 1.6 - 27 - 6 13 8 8 $131,175,035 $131,404,935 •• 36 250,305 # $ 202,575 # 24 26.9 # 24.4 # 10 113,959 # 107,767 # 6 10,209 # 7,764 # 31 1.9 # 2.0 # - 5 AUSTIN (pop. 245,295 r) Retail sales Eating and drinking places . ............ . 33 t 4t 24 -10 9.. 13 7 Furniture and housebold·appliance stores .. Postal receipts• ...... .. ... .. . . ... . . .. .... . .. . Building permits, less federal contracts .. . .. . Bank debits (thousands) . ... ................ . End-of-month deposits (thousandsJi ..... .. .. . Annual rate of deposit turnover ... . ......... . $ $ $ 8 t 887,247 6,548,300 G73,067 298,965 29.6 49 -2 -71 -2 21 -5 - 14 25 51 36 21 10,788,842 $130,818,935 $ 6,668,575 $ 250,428 # 26.9 # $130,745,935 $ 4,887,169 $ 202,396 # 24.3 # 8 •• 36 24 11 For an explanation of symbols aee p. 43. FEBRUARY 1969 Percent change Percent chall&'e City and item Dec 1968 Dec 1968 from Nov 1968 Dec 1968 from Dec 1967 Jan-Dec 1968 Jan-Dec 1967 Jan-Dec 1968 from Jan-Dec 1987 BEAUMONT-PORT ARTHUR-ORANGE SMSA (Jefferson and Orange; pop. 320,500') Retail sales ································· 16 6 9 Apparel stores ··························· 67 - 5 8 Automotive stores ........................ 13 13 Food stores ···· ·························· 4 - 6 Furniture and household-appliance stores.. Gasoline and service stations ..... ...... ... 6 2 - 9 •• 10 6 Lumber, building-material, and hardware dealers ·· ··········· ··· -19 - 1 6 Building permits, less federal contracts ..... . $ 1,487,259 Bank debits (thousands) II ···················· $ 6,170,028 End-of-month deposits (thousands)l .. . ..... . . $ 243,414 Annual rate of deposit turnover .............. 25.9 Nonfarm employment (area) . . . . . ... . . . ... . . . 113,700 -37 15 4 10 •• -22 11 2 •• 28,164,801 $ 229,575 # 25.0# 113,775 # $ 32,490, 721 220,924 # 25.0 # 113,242 # -13•••••• Manufacturing employment (area) ....... Percent unemployed (area) ·········· ····· ··· 34,700 3.9 -- 1 15 - 2 3 34,684 # 4.6# 33,375 # 4.6# •• BEAUMONT (pop. 127,500 r) Retail sales ................................. 33 t 21 Automotive stores ························ Postal receipts• ............................. $ Gt 246,344 - 8 •• 13 7 $ 2,527,279 10 Building permits, less federal contracts ...... $ 777,529 - 59 - 20 $ 17,039,671 $ 17,580,608 Bank debits (thousands) ·· ··················· $ 349,904 27 16 $ 3,817,786 ' 3,659,291 End-of-month deposits (thousandsH ·········· $ 149,296 7 9 $ 131,338 # $ 126,876 # Annual rate of deposit turnover ·············· 29.1 20 29.2# 29.0# Groves (pop. 17,304) Postal receipts• 20,499 21 21 • 173,537 ····· ···· ···················· $ Building permits, less federal contracts ...... $ 55,345 -78 -40 Bank debits (thousands) $ 13,406 16 23 $ 140,035 $ 114,709 22 ······ ··· ···· ·· ···· ·· End-of-month deposits (thousands)t ·········· $ 5,925 -6 12 $ 5,774 # 4,949 # 17 Annual rate of deposit turnover 26.2 15 ········· ··· ·· 24.3# ' 23.2 # Nederland (pop. 15,274 r) Postal receipts• ····· ························· $ 24,770 11 2 Building permits. less federal contracts ....... $ 96,378 71 Bank debits (thousands) . . . ... . ... . . . ..... . .. $ End-of-month deposits (thousands)t ·········· $ Annual rate of deposit turnover .. . . . . . . .. . . .. 9,200 6,300 17.7 19 2 15 45 10 30 $ $ 93,422 5,987 # 15.7 # $ $ 82,751 5,420 # 15.3 # 13 10 a ORANGE (pop. 2'5,605) Postal receipts• . . . . . . . . . .. . . . .. . .... $ 58,074 16 48 $ 499,364 Building permits, less federal contracts ....... $ 30,226 -60 -92 $ l,397,798 $ 3,689,939 -62 Bank debits (thot:sands) $ 45,484 ... ··················· 20 7 $ 475,605 $ 470,592 End-of-month deposits (thousands )t 29,593·········· $ 3 $ 27,560 # $ 27,814 # Annual rate of deposit turnover 18.5 15 ·············· 17.3 # 17.0# Nonfarm placements 129 -15 -12 ························· 1,977 2,024 PORT ARTHUR (pop. 66,676) Postal receipts• ····· ·· ···· ··················· $ 107,364 14 38 $ 979,904 Building permits, less federal contracts ····· ·· $ 569.109 300 137 $ 5,857,442 $ 5,763,595 Bank debits (thousands) ····················· $ 77,823 4 -6 $ 942,267 $ 920,819 2 End-of month deposits (thousands)t ······ ···· $ 49,999 2 8 $ 47,628 # $ 45,080 # 6 Annual rate of deposit turnover 18.9 ·············· -13 19.9 # 20.4 # Port Neches (pop. 8,696) Postal receipts• .. .. . . .. . . ......... . .. . . .. . . . $ 17,886 5 -14 $ 189,737 Building permits, less federal contracts .... .. $ 42,300 550 -32 $ 1,233,228 $ 1,544,444 -20 Bank debits (thousands) ...... . . . . . . . . . . . . . . . $ 16,837 11 14 $ 184,646 $ 149,095 24 End-of-month deposits (thousands)t ·········· $ 7,247 19 1 $ 6,897 # $ 7,164 # -4 Annual rate of deposit turnover ·············· 30.3 -1 19 27.0 # 20.8 # 30 For an explanation of symbols see p. 43. TEXAS BUSINESS REVIEW Percent change Percent change City and item Dec 1968 Dec 1968 from Nov 1968 Dec 1968 from Dec 1967 Jan-Dec 1968 Jan-Dec 1967 Jan-Dec 1968 from Jan-Dec 1967 BROWNSVILLE-HARLINGEN-SAN BENITO SMSA (Cameron; pop. 134,900•) Retail sales ············· ··· ···· ··· ········ · Automotive stores ························ Drugstores ······························ Lumber, building-material, and hardware dealers ................. Building permits. less federal contracts ...... $ Bank debits (thousands) 11 ···················· $ End-of-month deposits (thousands)i ·········· $ Annual rate of deposib turnover ·············· Nonfarm employment (area) .. . .. . . . . . . . . . . . . Manufacturing employment (area ) ..... .. Percent unemployed (area) . . . . . . . . . . . . . . . ... 927,055 1,804,404 69,496 25.4 39,000 6,770 5.7 10 2 64 10 -44 1 4 3 3 5 -11 -8 -7 -17 -22 12 13 7 19 2 4 27 $ 15,084,593 71,750 # 21.5 # 38,192 # 6,530 # 5.8# $ $ 6,418,841 64,782 # 21.5 # 37,875 # 6,652 # 6.0# 8 8 3 14 135 13 11 •• 3 BROWNSVILLE (pop. 48,040) Retail sales ... .... .. .. . . ...... .......... 33 t 8 - 14 9 Automotive stores ......... ..... .......... 6 t - 18 6 Postal receipts• .............................. $ 66,885 -11 13 $ 736,729 Building permits, less federal contracts ....... $ 161, 700 -82 $ 5,515,512 $ 3,295,857 67 Bank debits (thousands) ...................... $ 55,815 14 11 $ 559,872 $ 521 ,172 7 End-of-month deposits (thousands)t ······· ··· $ 30,714 6 - 7 $ 27,831 # $ 25,796 # Annual rate of deposit turnover .............. 22.5 10 17 20.1 # 20.5 # 2 Non.farm placements ······· ·················· 1,412 - 5 223 10,824 7,385 47 HARLINGEN (pop. 41,207) Postal receipts• ······· ··· ··· ········ ···· ·· ·· $ Building permits, less federal contract.s ........ $ Bank debits (thousands) ··········· ·········· · $ End-of-month deposits (thousandsH .......... $ Annual rate of deposit turnover ....... ... .... Nonfarm placements ·· ···· ····· ···· ·········· 68,539 612,755 56,524 28,878 23.9 583 9 8 6 3 7 - 20 13 12 23 $ $ $ $ 725,679 7,908, 725 685,232 28,820 # 23.6 # 6,245 $ $ $ 2,390,088 596,595 26,651 # 22.3 # 6,833 231 15 8 6 9 La Feria (pop. 3,047) Postal receipts• ........... ················· $ Building permits, :ess federal contracts ........ $ Bank debits (thousands) . .. . . . . . . . . ... . . . . . . . . $ End-of-month deposits (thousands)t . . .. . . . . . . $ Annual rate of deposit turnover ········· ····· 4,942 27,010 2,611 2,007 16.2 38 21 8 21 - 30 245 17 7 34 $ $ $ $ 40,416 87,316 29,323 2,006 # 14.6 # $ $ $ 68,226 22,626 1,912 # 12.1 # 28 30 5 21 Los Fresnos (pop. 1,289) Postal rece:pts• ........... ................. .. $ Bank debits (thousands) . . . . . . .. .. . . . . . .. . . . . $ End-of-month deposits (thousandsH .......... $ Annual rate of deposit turnover .............. 4,127 1,861 1,599 13.8 56 4 3 7 - 121 14 21 39 $ $ $ 26,879 23,510 1,681 # 13.7 # $ $ 21,336 1,615 # 13.4# 10 4 2 Port Isabel (pop. 3,575) Postal receipts• ...... . . . . . . . . . . . . . . . . . . . . . . . . $ 5,840 14 30 $ 55,560 Bank debits (thousands) ... ...... .... ......... $ 2,902 •• -1 $ 39,286 $ 31,108 26 End-of-month deposits (thousandsH .... ...... $ 2,569 25 -13 $ 2,772 # $ 2,130 # 30 Annual rate of deposit turnover .............. 15.1 19 32 14.1 # 15.2 # -7 SAN BENITO (pop. 16,422) Postal receipts• . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . $ Building permits, Jess federal contracts ········ $ Bank debits (thousands) ...................... $ End-of-month deposits (thousandsH . . . . ... .. . $ Annual rate of deposit turnover . . . . . . . . .. . . . . 16,930 125,590 7,227 7,435 11.8 - 24 52 5 2 6 - 28 125 3 6 10 $ $ $ $ 152, 733 1,168,015 85,635 7,266 # 11.7 # $ $ $ 283,059 79,536 6,909# 11.7 # 313 8 5 •• For an explanation of symbols see p. 43. FEBRUARY 1969 Sinton (pop. 6,008) Percent change Percent change Dec 1968 Dec 1968 Jan-Dec 1968 City and item Dec 1968 from Nov 1968 from Dec 1967 Jan-Dec 1968 Jan-Dec 1967 from Jan-Dec 1967 CORPUS CHRISTI SMSA (Nueces and San Patricio; pop. 279,700•) Retail sales ... . . . 11 8 13 Automotive stores . . .. . ............... , .. . 5 12 17 Building permits, less federal contracts ....... . Bank debits (thousands) II ............. ...... . $ 3,151,523 $ 4,714,812 7 6 71 11 $ 58,648,216 $ 42,445,442 38 11 End-of-month deposits (thousands) t .... ..... . $ 212,320 Annual rate of deposit turnover ... . . . .... . .. . Nonfann employment (area) Manufacturing employment (area) .. . .... . Percent unemployed (area) ...... , ... , . . .... . . 23.0 88,100 10,920 2.5 - 7 ••.. 34 6 7 4 -11 $ 195, 757 # 22.7 # 87,009 # 10,433 # 3.5 # $ 188,985 # 21.3 # 85,500 # 10,627 # 3.9# - 10 Aransas Pass (pop. 6,956) Postal receipts• ...................... $ 9,581 9 14 $ 94,299 Building permit.s, less federal contracts ..... . $ 18,000 324 - 82 $ l,361,359 $. 756,357 80 Bank debits (thousands) ............. $ 8,397 7 32 $ 90,283 $ 72,591 24 End-of-month deposits (thousands)t ... . ..... . 6,994 3 19 $ 5,983 # $ 5,236 # 14 Annual rate of deposit turnover 14.6 8 11 15.2 # 13.9 # Bishop (pop. 3,825 r) Postal receipts• . . . . .... . . . .... . 4,663 - 18 14 $ 56,478 Bank debits (thousands) ........... . . .. , . . ... . 2,484 4 11 $ 29,922 $ 28,433 End-of-month deposits (thousands)t ... , •. . .... 2,846 1 2 $ 2,690 # $ 2,724 # Annual rate of deposit turnover . . ........... . 10.4 6 14 11.2 # 10.6 # CORPUS CHRISTI (pop. 2<14,850 r) Retail s~les 33 t 13 9 12 Postal receipts• .......... . ..... . ..... . ...... . $ 380,249 7 15 $ 3,966,494 Building permits, less federal contracts $ 2,836,832 30 93 $ 52,447,798 $ 36,191,092 45 Bank debits (thousands) . ............... . . , .. . 334,251 12 $ 3,823,129 $ 3,443,660 11 End-of-month deposits (thousands)t . ......... . 177,227 17 $ 151,063 # $ 146,847 # 3 Annual rate of deposit turnover 24.4 3 25.4 # 23.5 # 8 Port Aransas (pop. 824) Bank debits (thousands) .... . . . .......... . .. . . 900 - 12 31 $ 12,251 $ 10,770 14 End-of-month deposits (thousands)t . .. . ..... . 955 4 11 $ 967 # $ 871# 11 Annual rate of deposit turnover 11.l - 8 18 12.6 # 12.3 # Robstown (pop. 10,266) Postal receipts• ...... . . . .. . ... $ 13,671 - 4 19 Building permits, less federal contracts ....... $ 16,940 - 97 - 56 $ 1,827,673 $ 1,229,953 49 Bank debits (thousands) ....... . . .. .......... End-of-month deposits (thousands)t .. . , . .. . . . Annual rate of deposit turnover .. . . . ....... . . $ $ 11,807 10,933 13.2 -- 10 4 8 8 10 •• $ $ 161,965 10,461 # 15.4 # $ $ 156,819 10,481 # 14.9 # •• Postal receipts• .... . ....... . ...... . . ... . ..... $ 13, 729 35 122,892 $ Building permits, less federal contracts . ...... $ 7,177 213 11 $ 528,138 $ 476,876 Bank debits (thousands) ..... . . . . . ......... . .. $ 6,267 12 4 $ 80,251 $ 71,965 End-of-month deposits (thousands)t ... . ...... $ 5,929 -1 9 $ 6,096 # $ 5,371 # 14 Annual rate of deposit turnover . .... ........ . 12.6 -8 9 13.1 # 13.5 # -3 DALLAS SMSA (Collin, Dallas, Denton, Ellis, Kaufman and Rockwall; pop. 1,446,lOO•) Retail sales ......... . ... .... . ............ • .•. 16 17 Apparel stores ....... . •.... . . . . .. .... . ... 46 3 7 Automotive stores .. . . . ............ . ..... . - 6 17 24 Drugstores 37 11 Eating and drinking places ............. . 11 10 8 Florists ................. . ........ . ... ... . 78 9 13 Food stores 3 Furniture and household-appliance stores .. 25 13 15 Gasoline and service stations ......... , .. . 8 18 Lumber, building-material, and hardware dealers ............. . . . 1 46 40 Office, store, and school-supply dealers ... . 8 - 3 - 1 Building permits, less federal contracts ... , ... $ Bank debits (thousands) I I .................... $ 37,199,077 99,809,844 4 9 - 1 29 $487,123,504 $432,297 ,396 13 20 End-of-month deposits (thousands)t ...... , ... $ 2,217, 770 6 17 $ 1,964,732 # $ 1,745,595 # 13 Annual rate of deposit turnover ............. . 46.4 10 44.9# 41.6 # Nonfarm employment (area) . ............... . Manufacturing employment (area) ...... . 665,700 165,100 •• 7 11 643,642 # 161,942 # 599,742 # 143,261 # 13 Percent unemp:oyed (area) .................. . 1.1 - 31 -21 1.6 # 2.0# - 20 For an explanation of symbols see p. 43. City and item Dec 1968 Percent change Dec 1968 Dec 1968 from from Nov 1968 Dec 1967 Jan-Dec 1968 Jan-Dec 1967 Percent change Jan-Dec 1968 from Jan-Dec 1967 Carrollton (pop. 9,832 r) Posbl receipts• . . . . . . . . . .. .. . . . .. . . . . . . . . . . . $ Building permits, less federal contracts .... ... $ Bank debits (thousands) ················ ····· $ End-of-month deposits (thousandsJi . . . .. . . . . . $ Annual rate of dePoSit turnover .............. 33,030 279,950 11,768 6,780 21.4 6 -76 8 21 -65 18 37 -9 $ 354,078 $ 11,851,336 $ 129,892 $ 5,684 # 23.3 # $ $ $ 6,323,522 135,347 4,487 # 30.7 # 87 -4 27 -24 DALLAS (pop. 679,684) Retail sales ···· ······························ 33 tt 16 11 11 Apparel stores ··········· ········· ·· ····· 70 tt 41 1 6 Aut.omotive stores .. .... .................. att - 8 17 27 florists . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . •• tt 78 9 13 Furniture and household appliance stores .. 16 tt -2 16 Gasoline and service stations ............ .. 6 tt 9 18 7 Lumber, building-material, and hardware dealers ................. 13 tt 36 31 Postal receipts• .............. ................ 6,095,957 19 32 Building permits, less federal contracts ..... .. $ 29,864, 704 47 39 $281,287,777 $228,876,139 23 Bank debits (thousands) .......... ....... ..... $ 8,763,557 29 34 $ 83,398,216 $ 68,731,241 21 End-of-month deposits (thousands) t . . . . ... . . . $ 2,154,456 18 15 $ 1,708,810 # $ 1,545, 769 # 11 Annual rate of deposit turnover . . . . . . . . . .. . . . 52.9 15 15 49.1 # 44.6 # 10 Denton (pop. 26,844) Postal receipts• ......... . ... .... ......... $ 85,208 4 33 Building permits, less federal contracts $ 641,200 98 - 76 $ 14,837 ,500 $ 18,334,328 - 19 Bank debits (thousands) . . . . . . . . . . . . . . . . . .. . . . $ 44,507 11 $ 494,671 $ 428,616 15 End-of-month deposits (thousands) t ···· ···· Annual rate of deposit turnover ·· ··· $ 32,739 16.6 4 7 16 $ 30,236 # 16.5 # $ 26,087 # 16.5 # 16 •• Nonfarm placements ···· ········· ··· ···· ···· · 106 17 - 9 2,089 1,965 6 Ennis (pop. 10,250 r) Postal receipts• ... .. ......... ... ...... .... .. $ 20,607 - 11 $ 226,406 Building permits, less federal contracts ····· ·· $ 90,245 - 19 108 $ 863,637 $ 1,024,290 - 16 Bank debits (thousands) ······················ $ 8,956 3 34 $ 93,883 $ 90,912 3 End-of-month deposits (thousands)t ........ .. $ 9,626 2 14 $ 8,771 # $ 7,559 # 16 Annual rate of deposit turnover ..... 11.3 2 16 10.8 # 12.2 # - 11 Farmers Branch (pop. 13,441) Building permits, less federal contracts .... $ 2,172,892 131 137 Bank debits (thousands) ... ·· ·· ··············· $ 12,362 26 34 $ 132,798 $ 109,025 22 End-of-month deposits (thousands)t . . . . . . . . . . . $ 6,707 8 38 $ 6,013 # $ 4,953 # 21 Annual rate of deposit turnover ············· · 22.9 18 - 5 23.0 # 22.5 # 2 Grand Prairie (pop. 40,150 r) Postal receipts• $ 86,207 - 12 21 $ 854,881 Building premits. less federal contracts . . .. . . . $ 1,940,166 15 42 $ 28,973,408 $ 38,652,609 - 25 Bank debits (thousands) . . .... ........ $ 27,801 21 End-of-month deposits (thousands)t . . . .. . . . . . $ 19,264 31 Irving (pop. 60,136 r) Postal receipts• ........ . ..... $ 110,176 -16 10 $ 1,225,110 Building permits, kss federal contracts ······· $ 1,104,074 -71 - 41 $ 26,566,154 $ 22,804,852 16 Bank debits (thousands) . . . . . . . . . . . . . . . . .. . . . . $ End--oi-month deposits (thousands)t ···· ··· ··· $ Annual rate of deposit turnover . . . . . . . . . . .. . . 69,933 30,391 26.7 - 12 6 12 28 11 7 $ 734,699 $ 28,843 # 25.6 # $ 610,479 $ 24,141 # 25.4 # 20 19 Justin (pop. 622) Postal receipts• ·· ·············· ············· $ 1,542 - 3 12 $ 15,487 Building permits, less federal contract.a ········ $ 0 $ 239,000 Bank debits (thousands) ········ ············· $ End-of-month deposits (thousandsH .......... $ Annual rate of deposit turnover ·············· 1,196 1,118 12.6 17 3 18 - 15 35 15 $ $ 12,968 963 # 13.8 # $ $ 12,410 884# 14.0 # 4 9 For an explanation of symbols see p. 43. Percent change Percent change City and item Dec 1968 Dec 1968 from Nov 1968 Dec 1968 from Dec 1967 Jan-Dec 1968 Jan-Dec 1967 Jan-Dec 1968 from Jan-Dec 1967 Lancaster (pop. 7,501) Building permits, less federal contracts ... Bank debits (thousands) ···· ········ ·········· End-of-month deposits (thousands)t ······· ·· Annual rate of deposit turnover . . . . . . . .. . . $ $ $ 55,350 8,965 5,028 21.3 - 27 1 4 -33 37 14 20 $ $ $ 1,268,650 88,375 4,711 # 18.8# 1,259,849 76,502 3,945 # 19.6 # - 16 19 4 McKinney (pop. 13,763) Postal receipts• ... .... .................. Building permits, less federal contracts ....... Bank debits (thousands ) ············ · · ······ End-of-month deposits (thousands)t ......... Annual rate of deposit turnover .............. Nonfarm placements .. . . . . . . . . . .. . . . . . . . . .. . . 27,902 208,100 14,167 16,469 10.6 107 - 9 51 9 5 5 4 77 -71 26 22 4 3 $ $ $ $ 294,863 2,074,900 148,045 14,408 # 10.4 # 1,846 $ $ $ 2,169,930 144,100 12,058 # 12.1 # 1,452 -- 4 19 14 27 Mesquite (pop. 27,526) Postal receipts• · ·· ········· ..... ...... Bank debits (thousands) ····················· End-of-month deposits (thousands)t ···· ··· Annual rate of deposit turnover ···· ······ ··· $ $ $ 53,320 19,821 9,769 24.3 - 28 13 1 12 29 37 5 29 $ $ $ 431,142 192,849 9,719 # 19.9 # $ $ 169,917 8,961 # 19.1 # 13 8 Midlothian (pop. 1,521) Building permits, less federal contracts Bank debits (thousands) . . . .. . . . . .. . . . . . . . .. . . End-of-month deposits (thousands)t .......... Annual rate of deposit turnover ·· ·· ····· ···· · 68,000 1,728 1,885 10.9 - 444 17 3 15 17 8 $ $ $ 423,512 18,424 1,775 # 10.4 # $ $ $ 480,492 16,502 1,619 # 10.2 # - 12 12 10 2 Pilot Point (pop. 1,254) Building permits, less federal contracts $ Bank debits (thousands) .... .................. $ End-of-month deposits (thousands):t: .... ..... . $ Annual rate of deposit turnover . .... .... 132,000 2,281 2,530 10.5 180 442 40 22 14 $ $ $ 264,478 23,507 2,201 # 10.8 # $ $ $ 280,176 20,174 2,033 # 9.9# - 6 17 8 Richardson (pop. 34,390 r) Postal receipts• ................. $ Building permits, less federal contracts ........ $ Bank debits (thousands) .... . . . . . . . . . . . . . . .. . . $ End-of-month deposits (thousands)t .......... . $ Annual rate of deposit turnover ······ ········ 111,663 3,085,188 39,140 21,283 22.0 --- 9 21 14 1 7 - 13 13 34 15 11 1,097,090 23,134,986 26,129,857 -11 Seagoville (pop. 3,745) Postal receipts• ... ........................... Building permits, less federal contracts ······· Bank debits (thousands) ...................... End-of-month deposits (thousands)+ . . . . . . . .. . . Annual rate of deposit turnover . . . . . . . . . . . . . . 12,343 2,050 5,514 4,536 17.0 --- 84 64 3 40 17 -- 67 84 7 53 19 $ $ $ $ 130,883 402,449 68,352 3,309 # 21.2 # $ $ $ 348,678 62,558 2,532 # 24.7 # 15 31 -14 Waxahachie (pop. 12, 749) Postal receipts* .. ···························· $ Building permits, less federal contracts ······· $ Bank debits (thousands) ········· ··········· ·· $ End-of-month deposits (thousands)+ ·········· $ Annual rate of depooit turnover . . . . . . . . . .. . . . Nonfarm placements . . . . . . . . . . . . . . . .. . . . . . . . . For an explanation of symbols see p, 43. 24,589 69,531 16,057 14,254 13.6 65 14 19 5 9 7 -- 10 108 17 23 2 14 $ $ $ $ 294,588 1,078,018 177,711 12,294 # 14.6 # 1,004 $ $ $ 1,730,440 160,075 11,002 # 14.6 # 990 - 38 11 12 •• Percent change Percent change City and item !Re 1968 Dec 1968 from Nov 1968 Dec 1968 from Dec 1967 Jan-Dec 1968 Jan-Dec 1967 Jan-Dec 1968 from Jan-Dec J967 EL PASO SMSA (El Paso; pop. 343,800•) Retail sales .. . ··········· ········ ·· ····· ·· 9 31 9 Apparel stores ......... .......... ...... . 34 - 4 4 Food stores . ... ·············· ······ ···· ·· 2 5 3 Building permits. less federal contracts ........ $ 3,809,281 -22 -16 $ 67,695,049 $ 58,899,823 15 Bank debits (thousands) JJ ···················· $ 6,245,796 9 29 9 End-of-month deposits (thousands)t .......... $ 230,438 7 207,700 # $ 201,999 # 3 Annual rate of deposit turnover .......... .... 27.7 18 27.5 # 26.0 # Nonfarm employment (area) ................ . 11.200 •• 109,075 # 108,221 # Manufacturing employment (area) ·· ···· ·· 20,070 - 1 19,640 # 19,963 # 2 Percent unemployed (area) . . . . . . . . . . . . . . . .. .. 3.3 - 18 -11 4.0# 3.9 # 3 EL PASO (pop. 276,687) Retail sales ···· ······· ···· ···· ·· ······· ···· ·· 33 t 9 3J 9 Apparel stores ········· ········ ·· ········ 62 t 34 - 4 4 Food stores . . . . . . . . . . . . . . . . . . . . . . . . . .... . 4t 3 Postal receipts• ........ .. .............. ...... uJ9,397 24 $ 6,J63,99J Building permits, less federal contracts ....... $ 3,809,28J - 22 - J6 $ 67,637,499 $ 58,830,283 J5 Bank debits (thousands) . . . . . . . . . . . . . . .. . ... . . $ 584,400 23 33 $ 5,715,373 $ 5,22J,06J 9 End-of-month deposits (thousands)t · ···· ··· ·· $ 237,582 4 $ 207,574 # $ 202,096 # Annual rate of deposit turnover . . . . . . . . . . .. . . 30.J J5 2J 27.6 # 26.0 # FORT WORTH SMSA (Johnson and Tarrant; pop. 629,400') Retail sales ......... ...... ... ............... . Apparel stores ..... ... ... ...... .......... Automotive stores ........ ..... ..... .... .. Eating and drinking places ··············· Gasoline and service stations ....... .... .. Lumber, building-material. and hardware dealers . . . . . . . .. . . . .. . -3 67 -J3 2 8 7 JO 9 2 4 26 32 21 J5 24 5 20 29 Building permits, less federal contracts ....... $ J9,304,200 Bank debits (thousands) 11 ................... . $ 20,J79,704 End-of-month deposits (thousands) t ........... $ 6J2,69J Annual rate of deposit turnover ········· ····· 33.7 Nonfarm employment (area) .... ............ . 284,300 Manufacturing employment (area) ········ 9J,J25 Percent unemployed (area) ··············· ··· · 1.5 -J2 JO 4 8 .. -29 53 J8 8 •• $204,429,730 $ 570,038 # 32.J # 278,750 # 91,96J # 2.J # $184,591,870 $ 5J9,030 # 29.9 # 269,625 # 84,252 # 2.3# 11 18 10 8 3 9 9 Arlington (pop. 75,000 r) Retail sales ·· · ·· ····· ·· ···· ··· · ·· · . . . . . . . . .. . 33 t - 12 4 22 Postal receipts• . . . .. .. . ... ... ... . ...... .. ... . $ 211,389 14 60 $ 2,036,838 Building permits, less federal contracts ··· ····· $ 9,898,885 71 136 $ 51,55J,746 $ 47,584,861 8 Bank debits (thousands) . . . . . . . . . . . .. . . .. .. .. . End-of-month deposits (thousands)t .... . ... . . $ $ 97,227 42,600 18 •• 36 30 $ 978,277 $ 37,038 # $ 789,738 $ 29,29J # 24 26 Annual rate of deposit turnover ... ......... .. 27.4 14 2 26.7 # 27.3 # - 2 Cleburne (pop. 15,381) Postal receipts• ................ ..... $ 35,843 7 Building permits, less federal contracts ...... . $ 35,JOO - 41 - 83 Bank debits (thousands) ···· ······· ·········· $ J8,374 6 J6 $ 207,824 $ 184,968 12 End-of-month deposits (thousands)t ····· ····· $ 17,230 9 14 $ 15,153 # $ 13,793 # 10 Annual rate of deposit turnover ·············· 13.4 4 13.8 # 13.5 # 2 Euless (pop. 10,500 r) Postal receipts• ····· ··· ······················ $ Building permits, less federal contracts ····· ·· $ Bank debits (thousands) . . . . . . . . . . . . . . . . . . . . . . $ End-of-month deposits (thousands)t ··········· $ Annual rate of deposit turnover ··· ·········· · 19,136 742,230 15,340 5,473 34.0 -- 12 28 1 2 2 44 435 31 7 25 $ $ $ $ 190,590 9,862,680 159,279 5,282 # 30.6 # $ $ $ 8,149,295 126,215 4,551 # 27.9 # 21 26 16 10 For an explanation of symbols see p. 43. Percent change Percent change City and item Dec 1968 Dec 1968 from Nov 1968 Dec 1968 from Dec 1967 Jan-Dec 1968 Jan-Dec 1967 Jan-Dec 1968 from Jan-Dec 1967 FORT WORTH (pop. 356,268) Retail sales ··················· ··· ············ Apparel stores . .. . . . . . . . . . . . . . . . . . . . . . .. . Eating and drinking places ···· ···· ······ Gasoline and service stations . . . . . .. . . . . . Lumber, building.material, and hardware dealers . . . . . . . . .. . . . . . . . Postal receipts• . . . . .. .. .. . . . . . . . . . . .... . . $ Building permits, less federal contracts ....... $ Bank debits (thousands ) . . . . . . . . . . . .. . . . . . . . . $ End-of-month deposits (thousandsJi . . . . .. . . . . $ Annual rate of deposit turnover . . . . . . . . . . ... . 35 tt 79 tt 7tt 9 tt 23 tt 1,375,880 5,572,917 1,620,760 543,897 37.1 13 2 11 67 13 14 4 4 9 28 21 -13 12 16 -14 12 $ 15,937,217 -56 4 $ 94,424,687 $ 92,058,292 25 22 $ 16,357,753 $ 13,839,143 18 8 $ 486,228 # $ 448,808 # 8 19 14 33.7 # 30.9 # Grapevine (pop. 4,659 r) Postal receipts• . . . . . . . . . . . . . . . . . . . . . . . . . . .. .. $ Building permits, less federal contracts ....... $ Bank debits (thousands) . . . . . .. . . . . . . . . . . .. . . $ End-of-month deposits (thousandsJi . . . . . . . . . . $ Annual rate of deposit turnover ........ .. .... 12,963 140,777 6,255 4,980 15.8 37 $ 126,449 28 - 14 $ 3,427,512 $ 1,638,028 109 51 $ 66,170 $ 53,267 24 10 18 $ 4,360 # $ 4,100 # 6 31 15.3 # 13.0 # 18 North Richland Hills (pop. 8,662) Building permits, less federal contracts ···· ·· · $ 225,575 -3 119 $ 5,756,503 $ 5,776,838 .. Bank debits (thousands) ····················· · $ 14,933 25 54 $ 149,648 $ 130,810 14 End-of-month deposits (thousands)t . . . . . .. . . . $ 6,860 3 26 $ 6,431 # $ 5,729 # 12 Annual rate of deposit turnover 26.5 22 ····· ·· ······· 24 23.5 # 22.9 # 3 White Settlement (pop. 11,513) Building permits, less federal contracts ········ $ Bank debits (thousands) . . . . . . . . . . . . . . . . . .. . . . $ End-of-month deposits (thousands)t ········· ·· $ Annual rate of deposit turnover ···· ·········· 44,950 7,643 3,316 29.5 - 79 18 15 8 - 78 54 27 22 $ $ $ 1,819,368 74, 720 2,774 # 27.2 # $ $ $ 529,878 44,942 2,093 # 21.6 # 243 66 33 26 GALVESTON-TEXAS CITY SMSA (Galveston; pop. 168,600•) Retail sales ............... . .......... .... . •.. 16 Apparel stores ....... . .... ... ... . ... . ... . 80 Automotive stores .......... ..... ...... . . Drugstores ............................. . Food stores Building permits, less federal contracts . . . . . . . . Bank debits (thousandsll l . . . ............... . . End-of-month deposits (thousandsJi .......... Annual rate of deposit turnover ............. . Nonfarm employment (area) ... .... . ........ . Manufacturing employment (area) ...... . Percent unemployed (area) .... . ..........•.. . $ 932,596 $ 2,339,868 $ 108,235 21.9 57,700 10,710 3.1 5 47 1 -46 3 2 2 •• -37 -12 9 5 3 1 3 $ 30,886,286 103,651 # 23.3 # 57,250 # 10,662 # 3.5# 18,623,178 95,869 # 22.2 # 56,559 # 10,325 # 3.9 # 15 12 -2 66 12 8 5 -10 Dickinson (pop. 4,715) Bank debits (thousands) ......... . .......... . . End-of-month deposits (thousands)t ......... . Annual rate of deposit turnover .... . ...... . . . 11,250 6,180 22.9 - •• 10 2 18 19 $ 127,812 $ 5,662 # 22.8 # $ 95,784 4,779 # 20.1 # 33 18 13 GALVESTON (pop. 67,175) Retail sales Apparel stores . . . . . ... . ................. . $ $ $ $ F'ood stores ............................. . Postal receipts• ....... . . .. . . . . ........... . Building permits, less federal contracts ...... . Bank debits (thousands) .. ... .. . ............ . End-of-month deposits (thousands)+ ........ . . . Annual rate of deposit turnover .. . .......... . 33 t 62 t 4t 133,709 748,170 131,873 73,117 22.4 -- 18 76 1 23 38 10 7 8 --- 3 10 12 23 9 2 7 $ 1,754,576 $ 21,225,738 $ 1,543,935 $ 66,031 # 23.4 # $ 11,839,351 $ 1,361,883 $ 61,798 # 22.2 # •• 79 13 7 For an explanation of symbols see p. 43. Percent change Percent change City and item Dec 1968 Dec 1968 from N ov 1968 Dec 1968 from Dec 1967 Jan-Dec 1968 Jan-Dec 1967 Jan-Dec 1968 from Jan-Dec 1967 La Marque (pop. 13,969) Postal receipts• ························· $ 23,363 - 5 Building permits, less federal contracts ...... $ 83,126 45 216 $ 2,283,146 $ 1,231,251 85 Bank debits (thousands) .... ..... .. .. $ 14,834 27 $ 179,869 $ 150,274 20 End-of-month depooits (thousands)t ....... ... $ 10,197 23 $ 9,299 # $ 8,060 # 15 Annual rate of deposit turnover ....... ....... 17.8 3 19.6 # 18.7 # 5 TEXAS CITY (pop. 32,065) Postal receipts• .............. ···· ········ ···· $ 47,985 4 6 $ 497,142 Building permits, less federal contracts ....... $ 101,300 - 79 - 55 $ 7,377,402 $ 5,552,576 33 Bank debits (thousands) ····· ··········· ····· · $ 34,696 4 8 $ 412,758 $ 402,159 End-<>f-month deposits (thousands)t . . . .. . . . . . . $ 16,039 2 - 14 $ 15,844 # $ 15,403 # Annual rate of deposit turnover ······ ···· ···· 25.7 11 25.9 # 26.5 # HOUSTON SMSA (Brazoria, Fort Bend, Harris, Liberty, and Montgomery; pop. 1,836,700•) Retail sales ...... ...... ................. 12 13 Automotive stores ...... . . .. ..... .... -2 10 21 Eating and drinking places 12 3 ····· ·········· Florists 84 5 9 ····· ············ ··· ······ ······ ·· Food stores 13 2 ··· ·············· ····· ···· ···· Furniture and household-appliance stores .. 40 8 General-merchandise stores ............. 18 14 17 Liquor stores 52 ······· ······ ··············· Lumber, building-material, and hardware dealers .... ......... .. -10 14 12 Building permits, less federal contracts ....... $ 42,128,149 -6 57 $504,265,614 $479,102,364 5 Bank debits (thousands) jj .... ... ... .. ..... .. $ 83,S25,640 •• 13 14 End-of-month deposits (thousands)l .......... s 2,381,126 10 2,258,265 # $ 2,060,448 # 10 Annual rate of deposit turnover .. ... ...... ... 35.7 3 35.1 # 33.7 # 4 Nonfarm employment (area) 783,900 5 759,800 # 723,650 # 5 ·· ··· ············ Manufacturing employment (area) ... ... .. 139,725 7 138,096 # 130,725 # 6 Percent unemployed (area) . . . . . . . . . . .. . .. . . . 1.5 -29 2.0 # 2.1 # 6 Angleton (pop. 9,131) Postal receipts• ................... ......... .. $ 16,923 -7 23 Building permits, less federal contracts ...... . $ 1,023,100 1,000 3,424,035 $ 1,294,676 164 Bank debits (thousands) ....... ..... ......... $ 19,367 12 7 End-of-month deposits (thousands)l $ 18,294 34 13 ·········· Annual rate of deposit turnover ........ ..... . 14.5 -8 Baytown (pop. 38,000 r) Postal receipts• . ... . .. . . .. .. . . . ... . . . . . . . . . .. $ 72,465 26 26 634,801 Building permits, less federal contracts $ 433,479 123 211 $ 11,104,965 $ 7,824,977 42 Bank debits (thousands) ..... ... ... ........... $ 58,829 11 21 $ 697,969 $ 606,661 15 End-of-month depooits (thousands)t ..... .... . $ 35,159 6 10 $ 32,537 # $ 29,781 # 9 Annual rate of deposit turnover . ...... . ...... 20.7 8 9 21.5 # 20.4# Bellaire (pop. 21,182 r) Postal receipts• Building permits, less ............... . ....... $ federal contracts ...... $ 249,429 102,810 - 8 78 - 4 $ $ 3,331,371 967,282 $ 968,765 •• Bank debits (thousands) . .. .... .... $ 42,433 34 End-of-month deposits (thousands)t . . . . . . . .. . . 24,349 14 Annual rate of deposit turnover ... ..... .... 21.5 14 Clute (pop. 4,501) Postal receipts• .... .. ........ 6,257 -10 Building permits, less federal contracts .... .. .. $ 15,000 136 -14 Bank debits (tho:.isands) ...... ................ $ 3,774 1 -4 $ 46,022 $ 40,379 14 End-of-month deposits (thousands) ~ ..... ...... 2,502 10 18 $ 2,245 # $ 2,101 # 7 Annual rate of deposit turnover .. . . .. . . . . . . . . 19.0 -14 20.7 # 19.2 # 8 Conroe (pop. 9,192) Postal receipts• ..... ... ... $ 34,200 - 45 11 458,117 Building permits, less federal contracts $ 34,500 - 58 - 87 $ 3,178,325 $ 1,738,540 83 Bank debits (thousands) . . . ............. $ 25,698 15 26 $ 276,252 $ 221,813 25 End-of-month ceposits (thousands)~ . . . . . ... . . $ 19,289 12 24 $ 16,361 # $ 14,104 # 16 Annual rate of deposit turnover ·············· 16.9 6 6 17.0 # 15.9 # 7 For an explanation of symbols see p. 43. FEBRUARY 1969 Percent change Percent change City and item Dec 1968 Dec 1968 from Nov 1968 Dec 1968 from Dec 1967 Jan-Dec 1968 Jan-Dec 1967 Jan-Dec 1968 from Jan-Dec 1967 Dayton (pop. 3,367) Building permits. less federal contracts . ... . ... $ 18,175 - 67 $ 300,732 $ 502,415 - 40 Bank debits (thousands) ........... .... .... ... $ 6,059 19 11 $ 69,627 $ 65,962 End-of-month deposits (thousandsH . . . . . . . .. . $ 4,895 $ 4,307 # $ 4,015 # Annual rate of deposit turnover ·· ············ 15.3 15 4 16.2 # 16.6# Deer Park (pop. 4,865) Postal receipts• ······ ······ ········· ·· ······· $ 17,709 9 95 $ 172,759 Building permits, less federal contracts $ 312,500 43 93 $ 7,448,956 $ 4,580,544 63 Bank debits (thousands) ...................... $ 9,823 26 46 $ 98,111 $ 76,090 29 End-of-month deposits (thousandsH ... ........ $ 5,190 32 - 13 $ 3,869 # 3,509 # 10 Annual rate of deposit turnover ···· ········· · 25.8 5 56 25.1 # 22.2# 13 Freeport (pop. 11,619) Postal receipts• ........ ... .......... ..... .... $ 33,153 Bank debits (thousands) .... . . . . . . . . . . . . .. . . . . $ 24,094 End-of-month deposits (thousandsH ......... $ 16,109 Annual rate of deposit turnover . . . . . . . . . ... . . 18.8 9 25 14 14.. $ 376,274 $ 292,863 $ 15,483 # 19.1 # HOUSTON (pop. 938,219) Retail sales ······· ······················· ·· ·· 34 tt Automotive stores ······· ······ ········ ··· 5 tt F'ood stores ... ········ ··· ·········· ······ 11 tt General-merchandise stores ... .. .......... 33 tt Lumber, building-material, and hardware dealers . . . . . . . . . . . . . . .. . -5 tt P ostal receipt.s• ···· ·· ··· ····················· 3,909,662 Building permits, less federal contracts . . . .. . . . $ 25,969,016 Bank debits (thousands) . . .. . . . .. . . . . . . . . . . . . . $ 7,206,509 End-of-month deposits (thousands)t $ 2,277,812 Annual rate of deposit turnover . . . . . . . . .... .. 40.0 ---- 19 4 9 20 11 12 32 21 12 14 2 14 16 17 11 19 10 8 $ 46,356,261 $405,721,130 $ 73,970,076 $ 1,975,910 # 37.6 # $411,698,177 $ 64,075,267 $ 1,807,714 # 35.7 # 11 23 17 14 -1 15 Humble (pop. 1, 711) Postal receipts• .... ............... $ Building permits, less federal contracts ....... $ Bank debits (thousands) ········· ··· ·········· $ End-of-month deposits (thousands)t ........... $ Annual rate of deposit turnover ······ ····· ·· · 9,942 75,000 6,675 4,972 15.6 9 24 7 32 23 33 13 11 $ $ $ $ 88,765 654,327 66,027 4,509 # 14.7 # $ $ 572,381 57,565 4,073 # 14.2 # 14 15 11 4 Katy (pop. 1,569) Building permits, less federal contracts .. . . ... . $ 4,000 -94 -20 -45 $ 438,474 $ 804,050Bank debits (thousands) . . . . . . . . . . . . . . . . . .. . . . $ 5,000 13 67 $ 45,676 $ 37,562 22 End-of-month deposits (thousands)t $ 3,709 ·········· -2 20 $ 3,255 # $ 2,764 # 18 Annual rate of deposit turnover 16.0 14 38 ···· ·· ·· ······ 14.1 # 13.7 # 3 La Porte (pop. 7,250 r) Building permits, less federal contracts Bank debits (thousands) . .. . . . . . . . . . . . . . . . .. . . 599,000 4,529 - 258 13 895 2 $ 1,622,909 $ 949,200 71 End-of-month deposits (thousands)t ······ ·· ·· 4,248 19 16 Annual rate of deposit turnover . . . . . . . . . . . . .. 13.9 - 21 - 10 Liberty (pop. 6,12•7) Postal receipts• . .. ·············· ········ ·· ·· · $ 14,126 Building permits, less federal contracts ······ ·· $ 1,983 Bank debits (thousands) . . . . . .. . . . . . . . . .. . . . . . $ 15,782 End-of-month deposits (thousands)t ····· ·· ·· · $ 12, 770 Annual rate of deposit turnover .. . . . . . .. . . . . . 15.3 - 25 92 4 7 - 3 693 25 4 19 $ 145,040 $ 756,230 $ 174,344 $ 11,462 # 15.2 # $ 1,299,822 $ 143,097 $ 10,698 # 13.4 # - 42 22 13 Pasadena (pop. 58,737) Postal receipts• ··· · ·· · ···· ·· ·· ·· ········ ····· 136,128 Building permits, less federal contracts ...... . $ 11,582,040 Bank debits (thousands) . ... ······ ·· ······ ···· $ 97,774 End-of-month deposits (thousands)t ······ ··· · $ 48,090Annual rate of deposit turnover . .. ······· ··· · 24.8 For an explanation of symbols see p, 43. 16 260 14 3 9 25 20 17 •• $ 1,157,536 $ 38,058,441 $ 1,053,563 $ 41,457 # 25.6 # $ 19,592,515 $ 909,649 $ 36,350 # 25.2 # 94 16 14 2 City and item Richmond (pop. 3,668) Postal receipts• . . . . .. .. . .. . . . . . . ... . . . . . ... . . $ Building permits. less federal contracts ..... .. $ Bank debits (thousands ) . .. . . . .. . . . . . . . . ... . . $ End-of-month deposits (thousandsH . . . . . ... . . $ Annual rate of deposit turnover ...... ........ Rosenberg (pop. 9,698) Postal receipts• . . .. . . . . . .. . . .. .. . . . . . .. . . . .. . $ Building permits. less federal contracta ... .... $ End-of-month deposits (thousandsH . ... .. . . .. $ South Houston (pop. 7,253) Postal receipts• .. .. ·························· $ Building permits, less federal contracts ....... $ Bank debits (thousands) ······················ $ End-of-month deposits (thousandsH ......... . $ Annual rate of deposit turnover .............. Dec 1968 9,314 19,500 9,978 10,964 11.1 18,892 37,850 12,345 18,889 52,900 10,942 7,493 17.5 Percent change Dec 1968 Dec 1968 from from Nov 1968 Dec 1967 41 12 -76 -87 8 29 2 26 10 13 12 -70 8 3 13 24 76 15 15 -3 Jan-Dec 1968 $ 79,304 $ 1,242,433 $ 108,172 $ 10,052 # 10.8 # $ 191,123 $ 1,729,025 $ 11,243 # $ 160,743 122,627 $ 7,126 # 17.3 :ft Percent change Jan-Dec 1968 Jan-Dec from 1967 Jan-Dec 1967 $ 1,847,992 -33 $ 93,153 16 $ 9,395 # 9.9# 9 $ 1,560,216 11 $ 11,028 # 2 $ 110,518 11 $ 6,218 # 15 17.8 # -3 Tomball (pop. 2,025 r) Building permits. less federal contract.a ...... $ 59,972 .. 99 Bank debits (thousands) $ 12,190 31 99 $ 88,i07 $ 89,477 ··········· ·· ··· ······ End-of-month deposits (thousands) t .......... $ 7,359 4 15 $ 10,362 # $ 9,672 # Annual rate of deposit turnover 20.3 71 133 9.0# 9.1 # ··········· ·· · LAREDO SMSA (Webb; pop. 79,300') Building permits, less federal contracts .. ...... $ 428,300 86 41 $ 3,505,067 $ 4,472,314 - 22 Bank debits (thousands) II .................... $ 846,912 10 41 17 End-of-month deposits (thousandsH .. . ... ... .. $ 37,697 - 1 12 35,766 $ 32,766 9 Annual rate of depooit turnover .... ... ...... . 22.3 10 26 20.8 19.3 8 Nonfarm employment (area) . . . . .. . . . . .... . . . 24,600 6 23,946 22,880 Manufacturing employment (area) ........ 1,350 1,308 1,270 Percent unemployed (area) .. ................. 10.5 12 - 10 9.0 9.3 3 LAREDO (pop. 60,678) Postal receipts• ·········· ······· ············· $ 77,i40 27 ~ 839,524 Building permits. less federal contracts ....... $ 428,300 86 41 $ 3,505,067 $ 4,472,314 - 22 Bank debits (thousands) ...................... $ 72,411 16 38 $ 740,959 $ 629,614 18 End-of-month deposits (thousandsH ... ....... $ 38,979 3 12 $ 35,750 # $ 32,771 # 9 Annual rate of deposit turnover .. ... . . .... . . . 22.6 12 23 20.8 # 19.3 # 8 Nonfarm placements ········· ················ 322 - 20 - 36 6,204 6,056 LUBBOCK SMSA (Lubbock; pop. 198,600') Retail sales ··· ······ ························· 31 - 3 Building permits. less federal contracts ········ $ Bank debits (thousands) 11 ···················· $ 7,910,855 3,693,192 35 •• 465 15 $ 44,137,865 30,641,477 44 End-of-month deposits (thousandsH .......... $ 149,663 5 2 150,676 $ 145,456 4 Annual rate of deposit turnover .............. 24.0 3 12 25.3 25.1 Nonfarm employment (area) ..... ...... .. .... 35,000 4 34,134 33,225 Manufacturing employment (area) ....... 10,000 14 9,506 8,710 9 Percent unemployed (area) . . . . .. . . . . . ... . . ... 2.1 - 30 -13 2.6 2.8 7 LUBBOCK (pop. 155,200 r) Retail sales . . . . . . . . . . . .. . . . . . . . . . . . .... . . . . . . 33 t 31 - 3 Postal receipts• ·· ···························· $ 356, 781 - 2 11 3,894,818 Building permits, less federal contracts ······· $ 7.~10,855 35 465 $ 43,677,155 $ 30,208,941 45 Bank debits (thousands) ...................... $ 385,684 27 14 $ 3,640,964 $ 3,459,577 5 End-of-month deposits (thousandsH . . . . .. . . .. $ 159,464 8 2 $ 142,891 # $ 138,020 # Annual rate of deposit turnover .. ........ .... 30.1 22 12 25.4# 25.0 # 2 For an explanation of symbols see p. 43. FEBRUARY 1969 City and item Dec 1968 Percent change Dec 1968 Dec 1968 from from Nov 1968 Dec 1967 Jan-Dec 1968 Jan-Dec 1967 Percent change Jan-Dec 1968 from Jan-Dec 1967 Slaton (pop. 6,568) Postal receipts* ... ········ ······ ······ · $ Building permit, less federal contracts ·· ·· ···· $ Bank debits (thousands) $........... ........... End-of-month deposits (thousands )t ... .... ... $ Annual rate of deposit turnover ··········· ·· · 11,752 0 7,252 5,043 18.8 59 35 20 25 11 12 6 $ 75,105 $ 427,213 $ 66,665 $ 4,141 # 16.1 # $ $ $ 198,387 61,252 3,912# 15.6# 115 9 McALLEN-PHARR-EDINBURG SMSA (Hidalgo; pop. 177,lOO•) Retail sales . .. . .. . .. ··· ········ ············ 16 11 Apparel stores ·· ········ ······· ···· ······ Automotive stores ....... ..... .... ... ..... Food stores ....... . . .. .. . . . .. . . . . .... . . . . 60 9 6 3 •••• 17 3 Furniture and household-appliance stores .. 17 8 Gasoline and service stations ............ 9 General-merchandise st.ores ....... ........ 92 12 Lumber. building-material, and hardware dealers . . . . . . . . . . . .. . . . 12 10 16 Building permits, less federal contracts ··· ·· ··· $ 875,775 Bank debits (thousands) JI $ 1,573,608· ·· · · ·· ····· ·· ··· · · · -28 3 56 14 $ 19,087,772 12,061,922 58 11 End-of-month deposits (thousands) t ······· ··· 92, 714 4 5 84,910 81,050 Annual rate of deposit turnover .............. 17.3 17 17.2 16.6 Nonfarm employment (area) ················· 65,200 2 63,584 62,509 Manufacturing employment (area) ....... 7,040 6,873 6,826 Percent unemployed (area) .................. 2.3 - 26 12 3.2 3.6 - 11 Alamo (pop. 4,121) Bank debits (thousands) ······················ $ 3,384 35 100 31,249 $ 24,887 26 End-of-month deposits (thousands)t ....... .. . $ 1,608 - 11 1,520 # $ 1,491 # 2 Annual rate of deposit turnover .. ...... .. .. .. 23.8 38 82 20.6 # 16.9 # 22 Donna (pop. 7,522) Postal receipts* ····· ························· $ 8,650 - 16 25 79,567 Building permits, less federal contracts . . . . .. . . $ 15,550 - 46 152 483,202 $ 562,144 -14 Bank debits (thousands) . . . .. . . . . . . . . . . . . . . . . . $ 3,333 12 End-of-month deposits (thousandsH ........... $ 5,481 6 6 Annual rate of deposit turnover .......... .... 7.5 - 4 EDINBURG (pop. 18,706) Postal receipts* .. ·· · ···· ·· · ·· ······· ··· ··· ··· $ 25,593 •• $ 276,759 Building permits, less federal contracts . . .... . $ 154,825 14 - 61 $ 6,743,566 $ 4,232,081 59 Bank debits (thousands) · ·· · · · · ···· ········ ·· $ 19,481 - 22 19 $ 277,771 $ 225,989 23 End-of-month deposits (thousands)t Annual rate of deposit turnover .... .... . $ 14,897 16.6 - 13 26 - 3 18 $ 13,544 # 20.6 # $ 12,733 # 18.1 # 6 14 Nonfarm placements .. ·· ···· ············ ··· ·· 233 - 31 3,369 3,155 7 Elsa (pop. 3,847) Building permits, less federal contracts . ..... .. $ 36,560 98 92 Bank debits (thousands) ··· ······ ···· End-of-month deposits (thousands)t ··· ······· Annual rate of deposit turnover ······ ·· ······ $ $ 4,410 2,124 23.2 - 45 13 41 73 9 76 $ $ 40,237 2,034 # 19.7 # $ $ 34,989 2,009 # 18.4 # 15 McALLEN (pop. 35,411 r) Retail sales . . ... . . .... .... ·· ······ ····· ·· ··· 33 t 13 13 Postal receipts* . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . $ Building permits, less federal contracts .... .. . $ Bank debits (thousands) ··· ·· ·· ········· ····· $ End-of-month deposits (thousands)+ .. . . . . ... . $ Annual rate of deposit turnover . . . . . . . . .. . . . . Nonfarm placements ····· ·· ······ ···· ··· · 77,935 280,000 55,888 35,707 19.6 328 11 65 18 9 12 40 - 18 12 22 10 44 $ $ $ $ 695,471 7,123,236 620,430 32,219 # 19.3 # 9,216 $ $ $ 4,045,105 508,860 27,611 # 18.7 # 9,370 - 76 22 17 3 2 Mercedes (pop. 10,943) Postal receipts* .. . . . . . . . . . . . . . . . . . . . . . .. . . . . . $ 9,822 12 15 $ 97,531 Building permits, Jess federal contracts $ 41,890 25 -20 · ···· -96 $ 1,120,585 $ 1,402,831 Bank debits (thousands) $ 7,638 8 9 ··············· ···· ·· 12 $ 92,537 $ 85.188 End-of-month deposits (thousands)t .. . . . . . . . . $ 4,634 -9 5 $ 4,972 # $ 4,661 # Annual rate of deposit turnover . . . . . . . . . . . .. . 18.8 19 11 18.6 # 18.6# For an explanation of symbols see p. 43. Percent change Percent change City and item Dee 1968 Dec 1968 from Nov 1968 Dec 1968 from Dee 1967 Jan-Dec 1968 Jan-Dec 1967 Jan-Dec 1968 from Jan-Dec 1967 Mission (pop. 14,081) Postal receipts• ····· ···· Building permits, less federal contracts ...... . Bank debits (thousands) ... .. ... ... .......... End-of-month deposits (thousands )t ······ ···· Annual rate of deposit turnover . . . . . . ... . . . . . 17,500 19,200 15,994 13,088 15.2 -11 16 -6 7 -11 21 14 16.. 12 $ $ $ $ 167,643 1,183,625 183,358 11,578 # 15.9 # $ $ $ 357,990 159,033 10,160 # 16.0# - 231 15 14 1 PHARR (pop. 15,279 r) Postal receipts• . . . . . . . . . . . . . . . . ... . . .. Building permits, less federal contracts $ Bank debits (thousands) . . . . . . . . . . . . . . . . . . . . . . $ End-of-month deposits (thousands); .. . . . ... . . $ Annual rate of deposit turnover .... .... .. .... 22,965 82,250 6,383 6,559 12.8 79 92 18 21 8 24 58 25 29 $ $ $ $ 136,020 710,978 67,703 5,696 # 12.0 # $ $ $ 409,641 66,123 5,550 # 11.9 # 74 San Juan (pop. 4,371) Postal receipts• ······· ·· ·········· ···· ·· Building permits, less federal contracts ······· $ Bank debits (thousands) ....... .. .. .. ......... $ End-of-month deposits (thousands)t ....... ... $ Annual rate of deposit turnover .. ............ 5,893 22,200 3,933 3,411 14.2 - 7 587 42 5 35 43 276 30 11 17 $ $ $ $ 55,952 150,832 38,474 3,239 # 12.0 # $ $ $ 112,014 35,008 2,766 # 12.8 # - 35 10 17 6 Weslaco (pop. 15,649) Postal receipts• ··· · · $ 21,403 - 8 16 $ 208,943 Building permits, less federal contracts ... . $ 223,300 78 92 $ 1,322,707 $ 731,071 81 Bank debits (thousands) ... . ......... . $ 12,065 15 18 $ 146,444 $ 126,162 16 End-of-month deposits (thousands); ...... .... $ 12,937 - 1 $ 11,920 # $ 10,607 # 12 Annual rate of deposit turnover ... ......... .. 11.5 13 15 12.3 # 12.2 # 1 MIDLAND SMSA (Midland; pop. 65,200") Building permits, less federal contracts Bank debits (thousands) II .............. . . . ... $ $ 1,445,484 2,036,148 450 15 123 16 12,516,166 $ 13,565,335 7 End-<>f-month deposits (thousands)t . . . . . .. . . . $ 127,096 $ 129,013 # 121,469 # 6 Annual rate of deposit turnover .............. 15.9 16 12 13.6 # 13.5 # 1 Nonfarm employment (area )• ...... ... .. .. ... 48,200 7 43,917 # 42,655 # 3 Manufacturing employment (area)b ... ... 5,500 12 26 4,678 # 4,230 # 11 Percent unemployed (area) b · ···· ········· · ··· 5.4 - 23 -10 5.8 # 5.9# - 2 MIDLAND (pop. 62,625) Postal receipts• .... . .. .. . $ 191,186 42 11 $ 1,826,053 $ 1,595,448 14 Building permits, less federal contracts .... $ 1,445,484 450 123 $ 12,516,166 $ 13,565,335 8 Bank debits (thousands) ··· ·· · · · · · · ······ · ···· $ 164,864 20 11 $ l,729,930 $ 1,596,068 End-of-month deposits (thousands)t . . . .. . . . . . $ 153,305 16 14 $ 129,311 # $ 120,796 # 7 Annual rate of deposit turnover .. . . . . . .. . . . . . 13.9 10 1 13.4 # 13.3 # Nonfarm placements . . . . . .. . . . . . . . . . . ... . . .. . 518 - 23 8,748 7,552 16 ODESSA SMSA (Ector; pop. 83,200•) Building permits, less federal contracts ... ... $ 768,200 -19 194 $ 7,820,948 6,156,647 27 Bank debits (thousandslll ··· ··· ···· · · $ End-of-month deposits (thousands); ..... ...... $ 1,-123,296 69,280 4.. 15 13 $ 66,725 # $ 63,935 # 7 4 Annual rate of deposit turnover ·· ············ 20.5 - 2 2 20.0 # 19.5# 3 Nonfarm employment (area)• . . . . . . . . . . . . . . .. Manufacturing employment (area)• ...... 61,000 4,760 •• 2 3 60,234 # 4,852 # 58,992 # 5,147 # 2 Percent unemployed (area)• ·········· ···· ···· 2.2 - 29 -12 3.0 # 3.4# - 12 ODESSA (pop. 86,937 r) Postal receipts• ····· ········· ·· ··· $ 139,808 - 11 .. $ 1,557,938 Building permits, less federal contracts ...... . $ 768,200 - 19 194 $ 7,820,948 $ 6,156,647 27 Bank debits (thousands) . .......... . ... .. .... $ 119,839 12 18 $ 1,333,903 $ 1,233,988 8 End-of-month deposits (thousands); $ 76,103 15 15 $ 67,613 # $ 64,981 # Annual rate of deposit turnover .. .. .......... 20.3 6 9 19.8 # 19.0 # 4 Nonfarm placements ......... ...... ... ...... . 864 33 89 6,867 5,062 36 For an explanation of symbols see p. 43. FEBRUARY 1969 Percent change Percent change City and item Dec 1968 Dec 1968 from Nov 1968 Dec 1968 from Dec 1967 Jan-Dec 1968 Jan-Dec 1967 Jan-Dec 1968 from Jan-Dec 1967 Retail sales . . . . . . . . . .. . . . . .. . . . . . . . . . . . . . . . . . Gasoline and service stations ··········· ·· Building permits, less federal contracts ········ Bank debits (thousands) 11 ···················· $ End-of-month deposits (thousands)t .......... $ Annual rate of deposit turnover .............. Nonfarm employment (area) ... ........ .. .. .. Manufacturing employment (area) ... .. ... Percent unemploy""?d (area) . . . . . . . . . . . . . . .. . . . SAN ANGELO SMSA (Tom Green; pop. 75,200•) 19 9 2 1,835, 786 690 305 1,139,088 16 66,433 3 6 17.4 10 23,500 .. 2 3,660 -2 -1 3.2 -11 14 $ 9,913,085 9,648,108 12 63,681 # $ 57,697 # 10 16.4 # 16.2 # 23,225 # 22,559 # 3,761 # 3,760 # .. 3.1 # 3.5# -11 SAN ANGELO (pop. 58,815) Retail sales ..... ............................. 33 t 19 9 Gasoline and service stations . . . . . . . . . .. . . 11 t 3 Postal receipts• .............................. $ 162,225 - 11 16 $ 1,836,419 Building permit, less federal contracts ········ $ 1,835,786 690 305 $ 9,913,085 $ 9,648,108 Bank debits (thousands) . . . . . . . . . . . . . . . . . . .. . . $ 93,974 11 20 $ 1,046,267 $ 928,546 13 End-of-month deposits (thousandsH ... .. ...... $ 68,758 5 5 $ 63,710 # $ 57,750 # 10 Annual rate of deposit turnover . . . . . . .. . . . . . . 16.8 8 14 16.4 # 16.2 # SAN ANTONIO SMSA (Bexar and Guadalupe; pop. 837,100") Retail sales ........... .... . , ................ . 20 15 13 Apparel stores ...... . .. ........... . ..... . 31 2 7 Automotive stores ....................... . - 6 16 Eating and drinking places 3 General-merchandise stores ..... . ........ . 40 52 19 Lumber, building-material, and hardware dealers ............... . 15 10 22 Building permits, less federal contracts ....... . $ 4,469,621 9 -41 $119,852, 704 $124,372,351 - 4 Bank debits (thousands) 11 .....•••.........•.• $ 15,195,192 2 15 16 End-of-month deposits (thousands)t . . . . ..... . $ 613,521 12 $ 582,557 # 526,987 # 11 Annual rate of deposit turnover ............. . 25.3 24.9 # 23.6 # Nonfarm employment (area) ..... .......... . . 274,600 271,567 # 257,459 # Manufacturing employment (area) ....... . 31,776 31,175 # 28,595 # Percent unemployed (area) ...... ... .. ....... . 3.0 - 21 11 3.5# 3.6 # SAN ANTONIO (pop. 655,006 r) Retail sales .............................. . 21 tt 11 Apparel stores ............ . ............. . 90 tt 31 2 Eating and drinking places .......... ... . 6 tt 3 General merchandise stores ... . . ......... . 96 tt 40 62 19 Lumber, building-material, and hardware dealers ................ . -13 tt 10 12 23 Postal receipts• $ 1,478,536 - 9 16 $ 16, 784,514 Building permits, less federal contracts ....... . Bank debits (thousands ) ............... . .... . $ $ 4,175,906 1,291,633 11 - 41 20 $111,235,399 $ 14,113,686 $114,889, 769 $ 12,082,357 - 3 17 End-of-month deposits (thousands)t .... .. ... . Annual rate of deposit turnover ............. . $ 608,331 26.3 6 12 9 $ 558,370 # 25.4 # $ 504,768 # 24.0 # 11 6 Schertz (pop. 2,281) Postal receipts• ...................... . ....... Bank debits (thousands) . ..... ..... ... .. . .. . .. $ $ 5,499 690 7 18 51 25 $ $ 44,318 8,020 $ 7,383 End-of-month deposits (thousands)t .......... Annual rate of deposit turnover . . .......... . . $ 1,170 7.2 3 14 6 14 $ 1,138 # 7.1 # $ 1,028 # 7.2 # - 11 1 Seguin (pop. 14,299) Postal receipts• .............................. Bank debits (thousands) .............. .. ... .. . End-of-month deposits (thousands)t ... . ...... Annual rate of deposit turnover .......... . $ $ $ 26,711 17,897 18,164 12.1 9 4 19 19 8 11 $ $ 208,921 17,268 # 12.1 # $ $ 174,380 16,063 # 10.9 # 20 8 11 For an explanation of symbols see p. 43. TEXAS BUSINESS REVIEW Percent change Percent change City and item Dec 1968 Dec 1968 from Nov 1968 Dec 1968 from Dec 1967 Jan-Dec 1968 Jan-Dec 1967 Jan-Dec 1968 from Jan-Dec 1967 SHERMAN-DENISON SMSAX (Grayson; pop. 80,500•) Retail sales ................................ . 21 8 Apparel stores .. . . . .. . . . . . .... . . . . . . ..... 65 9 Automotive stores ...... . ......... - 4 19 9 Building permits, less federal contracts Bank debits (thousands) II ........ ... End-of-month deposits (thousands) t $ $ $ 732, 754 978,204 57,789 -54 8.. 32 18 10,814,980 $ 55,646 # 11,625,488 7 11 Annual rate of deposit turnover 16.9 16.6# 16.0 # 4 DENISON (pop. 25,766 r) Postal receipts• .. . . . . . . . ... . . .. . . .. . . . . . . .... $ 38,148 - 15 $ 446,894 Building permits, less federal contracts ...... . $ 131,084 - 1 - 11 $ 3,737,0ll $ 2,797,321 34 Bank debits (thousands) ........... .... ...... $ 28,831 8 21 $ 325,667 $ 279,194 17 End-of-month depcsits (thousands)t .. . . .. .. . . $ 21,633 13 12 $ 18,858 # $ 17,889# 5 Annual rate of deposit turnover .. . . . . ... . . . . . 17.0 1 12 17.4 # 15.7 # 11 Nonfarm placements ......................... 128 - 20 16 2,268 2,323 - 2 SHERMAN (pop. 30,660 r) P ostal receipts• ······· ... . .... . ... . .. $ 51,587 - 22 - I, $ 631,201 Building permits, less federal contracts ....... $ f.01,670 - 59 48 $ 6,657,819 $ 7,980,617 - 17 Bank debits (thousands) ... .... ....... . . . . .. . $ 49,130 13 17 $ 530,014 $ 483,931 10 End-of-month deposits (thousands)t . . .. . . . . . . $ 32,268 16 15 $ 27,091 # $ 25,055 # 8 Annual rate of deposit turnover ··· ···· ······· 19.6 5 19.7 # 19.4 # Nonf'arm placements ··· ············ ····· ··· ·· 311 - 51 121 3,865 1,950 98 TEXARKANA SMSA (Bowie, excluding Miller, Ark.; pop. 71,500•) Retail sales ... ........ ...... .... .. .... 13 13 Building permits, less federal contracts . ..... . $ 239,725 302 42 $ 13,297,720 4,524,811 194 Bank debits (thousands) II .. .. ......... .. ... . . $ 1,633,500 7 23 14 ·········· End-of-month deposits (thousands)t $ 68,681 2 $ 65,259 # 59,125 # 10 Annual rate or deposit turnover .............. 23.5 8 10 22.4 # 21.7 # 3 Nonfarm employment (area) . . . . . . . . . . . . . .... 44,300 .. 6 43,113 # 40,117 # Manufacturing employment (area) 15,880 22 14,557 # 11,719 # 24 ···· ···· Percent unemployed (area) ....... . .. . 2.3 -12 -21 2.5 # 2.9# -14 TEXARKANA (pop. 50,006 r) Retail salE:s .. . ............ ... ....... . . 33 t 13 13 Postal receipts• ....... ... .................... $ 115,173 3 9 $ 1,276,002 Building permits, less federal contracts ....... $ 239,725 302 72 $ 13,065,285 $ 4,122,974 217 Bank debits (thousands) .... ... ............... $ 128,938 11 24 $ 1,352,238 $ 1,174,988 15 End-of-month deposits (thousands)t . . . . . .. . . . $ 30,529 10 $ 28,386 # $ 25,618 # 11 Annual rate of deposit turnover . . . . . . . ... . . 26.7 12 11 25.0 # 24.0# 4 TYLER SMSA (Smith; pop. 99,lOO•) Retail sales ....... ······· · ··· ········ ······· 15 12 Apparel stores ············ ·· ············· 59 3 Building permits, less federal contracts . . . . .. . $ 563,448 -69 62 7,853,653 $ 10,986,256 29 Bank debits (thousands) 11 ...... ......... ..... $ 2,016,504 19 12 End-of-month deposits (thousands)t . . ... . . .. . 98,830 7 9 88,837 # $ 83,872 # 6 Annual rate of deposit turnover . .. . . . . . . . . .. . 21.1 2 9 20.9 # 19.8 # 6 Nonfarm employment (area) ... . . . . . . . . . ... .. 37,000 6 35,830 # 34,692 # 3 Manufacturing employment (area) ....... 10,440 10 9,920 # 9,671 # 3 Percent unemployed (area) ····· ···· ······ ···· 1.8 - 22 -22 2.6 # 2.8# 7 TYLER (pop. 51,230) Retail sales Apparel ········ ····· ··· ······ ····· ······· stores . . . . . . .. . . . . . . . . . .. . . . . . . . . 33 t 62 t 15 59 9 •• 12 3 Postal receipts• . . . .. . . . . . . . . . . . . . . . . . . . .. .. . . $ 232,846 64 28 $ 1,780,628 $ 1,513,836 18 Building permits, less federal contracts ...... . $ 541,448 - 70 49 $ 7,510,507 $ 10,268,876 - 27 Bank debits (thousands) .... ................. $ 161,096 9 25 $ l,757,299 $ 1,562,974 12 End-of-month deposits (thousands)t ... . .... $ 93,767 13 9 $ 81,318 # $ 77,052 # 6 Annual rate of deposit turnover .. .. .. . . ... . . . 21.9 3 14 21.7 # 20.3 # Nonfarm placements . . .. . . . . . .. .. . . . . . . ... . . . 284 - 17 - 38 6,529 6,839 For an explanation of symbols see p. 43. Percent change Percent change Dec 1968 Dec 1968 Jan-Dec 1968 City and item Dec 1968 from Nov 1968 from Dec 1967 Jan-Dec 1968 Jan-Dec 1967 from Jan-Dec 1967 WACO SMSA (McLennan; pop. 148,400•) Retail sales 30 30 14 Apparel stores . . . .. . .. . ................. . Building permits. less federal contracts ..... .. $ 1,105,560 64 48 7 140 $ 17,384,130 17,391,155 12 •• Bank debits (thousands) 11 . .•••••..•••.•. . .. · . $ End-of-month deposits (thousandsH . . ........ $ Annual rate of deposit turnover .......... . Nonfarm employment {area) ................ . Manufacturing employment (area) ...... . Percent unemployed (area) .... . . . .......... . 2,643,744 115,617 23.2 58,600 13,090 4.1 - 6 16 13 2 12 2 4 28 115,507 # 21.5 # 57,609 # 13,349 # 4.1 # 110,430 # 20.2 # 55,592 # 12,267 # 4.1 # 11 5 .. McGregor (pop. 4,642) Building permits, less federal contracts ... . ... $ $ 64,455 $ 138,441 - 53 Bank debits (thousands) . . . . . . . . . . . . . . . . . . . . . $ End-of-month deposits (thousandsH .. . . .. ... . $ Annual rate of deposit turnover 5,672 8,161 8.4 12 12 13 7 11 $ $ 67,289 7,772 # 8.7 # $ $ 64,086 7,549 # 8.5# WACO (pop. 103,462) Retail sales . . . . . . . . . • . . . . . . . . . . . . . 33 t 31 30 14 Apparel stores . . . . . . . . . . . . . . . . . . . . . . . . . . . 62 t 64 7 12 Postal receipts• . . ............................ $ 801,358 - 9 9 Building permits, less federal contracts . . . . . . . . $ 1,379,260 49 201 $ 16,797 ,461 $ 16,324,295 Bank debits (thousands) .... . . . . .. ...... . . . .. $ 206,561 12 10 $ 2,270,966 $ 2,016,476 13 End-of-month deposits (thousandsH . . . .. . . . . . $ Annual rate of deposit turnover . . . . . . . . . . . . . . 103,926 24.5 6 9 $ 100,550 # 22.6 # 95,950 # 21.1 # WICHITA FALLS SMSA (Archer and Wichita; pop. 132,200") Retail sales 25 Building permits, less federal contracts . . . . . . . 889,636 Bank debits (thousands) II ... .... ............. $ 2,310,168 End-of-month deposits (thousandsH ... . .... . . $ 114,559 Annual rate of deposit turnover .......... . .. . 19.9 -- 60 2 3.. 15 $ 11,654,530 114,045 # 19.1 # 20,795.388 110,668 # 18.3 # - 44 Nonfarm employment (area) .... .. . ... . ..... . 51,100 2 2 49,825 # 49,571 # Manufacturing employment (area) ....... . 5,080 13 4,849 # 4,556 # Percent unemployed (area) . . . .. . .. . .. ... . .. . 1.6 - 24 -24 2.2 # 2.8# - 21 Burkburnett (pop. 7,621) Building permits, less federal contracts $ 1,500 - 95 - 79 $ 477,138 $ 1,159,665 -59 Bank debits (thousands) ...... . ......... . .. $ 7,570 - 10 - 12 $ 98,750 $ 105,638 - 7 End-of-month deposits (thousandsH .......... $ 5,299 3 13 5,039 # 4,735 # 6 Annual rate o: deposit turnover 17.4 - 12 - 19 19.7 # 22.4 # -12 Iowa Park (pop. 5,152 r) Uuilding permits, less federal contracts $ 2,500 18 - 82 $ 145, 738 $ 140,552 Ra nk debits (thousands) ............ . ..... . .. $ 3,774 4 10 $ 44,023 $ 39,061 13 End-of-month deposits (thousandsH . . . . . . . . . $ 3,796 $ 3,676 # $ 3,725 # -1 Annual rate of deposit turnover 12.0 4 7 12.0 # 10.5 # 14 WICHITA FALLS (pop. 115,340 ') Retail sales ... 33 t 25 Postal receipts• . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 222.448 22 19 $ 2,271,725 fluilding permits, less federal contracts .. . .... $ 885,636 70 18 $ 11,031,657 $ 19,495, l 72 - 43 Hank debits (thousands) ..... . ........ .. $ 180,414 11 14 $ 1,967,740 $ 1,810,009 End-of-month deposits (thousands H ...... . .. . $ 110,258 8 $ 99,423 # $ 96,793 # Annual rate of deposit turnover . ............ . 20.4 7 11 19.8 # 18.8 # ALPHABETICAL LISTING OF NON-SMSA CITIES, WITH DATA ALBANY (pop. 2,174) Building permit.s, less federal contracts ....... $ 0 $ 47,009 $ 72,008 - 35 Dank debits (thousands) ..................... $ 3,960 24 20 $ 37,434 $ 36,432 3 End-of-month deposits (thousandsH ......... . $ 4,389 2 - 1 $ 4,129 # $ 4,206 # Annual rate of deposit turnover . . ....... .... . 10.9 22 17 9.0# 8.7 # For an explanation of symbols see p. 43. Percent change Percent change Dec 1968 Dec 1968 Jan-Dec 1968 Dec from from Jan-Dec Jan-Dec from City and item 1968 Nov 1968 Dec 1967 1968 1967 Jan-Dec 1967 ALPINE (pop. 4,740) Postal receipts• 10,789 24 18 $ 102,116 Building permits, less federal contracts . .. ... . 8,200 - 59 165 $ 1,287,582 $ 654,650 97 Bank debits (thousands} .. . . . .. . . . . . ... . 4,836 6 $ 56,204 $ 48,062 17 End-of-month deposits (thousands}+ .. ....... . 6,207 $ 5,813 # $ 4,748 # 22 Annual rate of deposit turnover .... ... .... . 9.4 2 9.7 # 10.2 # - 5 ANDREWS (pop. 11,135) Postal receipts* .. .... ... . . .. $ 20,367 58 40 150,475 Building permits. less federal contracts ....... $ 10,200 89 - 52 Bank debits (thousands} ..... . . . ...... $ 7,815 15 16 $ 87,782 80,816 End-of-month deposits (thousands}+ . 7,392 7 4 $ 7,147 # 7,661 # - 7 Annual rate of deposit turnover 12.2 16 18 12.3 # 10.5 # 17 ATHENS ( pop. 7,086) Postal receipts• . . . . . . . . . ... . , .... .. ... $ Building permits, less federal contracts ....... $ Bank debits (thousands} . ................•... $ End-of-month deposits (thousands}+ ...... . ... $ Annual rate of deposit turnover .. ... . . . . .... . 24,025 24,300 11,770 12,444 11.5 --- 15 68 11 2 12 -- 52 12 12 13 2 $ $ $ $ 235,740 991,595 145,147 10,956 # 13.3 # $ $ $ 818,561 137,313 9,841 # 13.9 # 21 11 4 BAY CITY (pop. 11,656) Postal receipts• .. $ 25,681 4 27 $ 271,790 Building permits, less federal contracts $ 134,750 624 - 33 $ 1,372,814 $ 3,615,823 - 62 Bank debits (thousands} ............ $ 23,106 3 $ 276,969 $ 256,874 8 End-of-month deposits (thousands}+ ..... . .... $ 31,666 28,835 # $ 27,628 # 4 Annual rate of deposit turnover . .. ... . .... .. . 8.9 9.6 # 9.3# 3 Nonfarm placements ..... . .......... . 66 12 32 995 804 24 BEEVILLE (pop. 13,811) Postal receipts$ $ 25,576 36 $ 248,863 Building permits, less federal contracts $ 181,825 105 $ 1,642,292 898,978 83 Bank debits (thousands) $ 16,827 9 24 $ 185,127 161,551 15 End-o'.-month deposits (thousands}+ ...... . . . . $ 18,423 11 $ 17,211 # $ 15,188 # 13 Annual rate of deposit turnover .... . ...... .. . 11.1 10 10.8 # 10.7 # Nonfarm placements 82 4 - 20 1,093 1,240 - 12 BELLVILLE (pop. 2,218) Building permits, less federal contracts ... ... . $ 403,196 $ 308,540 31 • Bank debits (thousands} . . . . . . . . . . $ 5,452 21 -13 $ 66,548 $ 74,825 -11 End-of-month deposits (thousands}+ . . . . . . . $ 6,218 1 $ 6,053 # $ 5,692 # 6 Annual rate of deposit turnover 10.6 19 -16 11.0 # 13.2 # -17 BELTON (pop. 8,163) Postal receipts* .. .... . .. . ... . . ...... $ 15,598 - 18 189,808 Building permits, less federal contracts ....... $ 65,600 147 62 918,260 $ 665,880 38 End-of-month deposits (thousands}+ . .... .. ... $ 11,942 6 16 10,638 # $ 9,287 # 15 BIG SPRING (pop. 31,230) Postal receipts• .. . .......... .. .. . ... . 60,010 8 $ 582,258 Building permits, less federal contracts $ 7,825 - 76 - 78 $ 1,676,589 $ 1,364,638 23 Bank debits (thousands} . End-of-month deposits (thousands}+ Annual rate of deposit turnover $ $ 56,906 31,930 21.9 16 13 24 13 11 $ $ 576,157 27,773 # 20.9 # $ $ 533,849 26,841 # 19.9 # 8 5 Nonfarm placements 93 - 29 - 31 2,422 1,870 30 BONHAM (pop. 7,357) Postal receipts* .. . ....... .. . .. .. . ........ Building permits, less federal contracts ...... . Bank de!:>its (thousands) ............ . End-of-month deposits (thousands}+ Annual rate of deposit turnover $ $ $ $ 16,991 61,000 10,896 10,355 12.5 19 213 18 214 20 6 11 $ $ $ 132,689 584,400 122,495 9,727 # 12.6 # $ $ $ 847,265 109,811 9,243 # 11.9 # - 31 12 5 6 BORGER (pop. 20,911) Postal receipts• ... . . . .... . . . ............. . ... Building permits, less federal contracts ....... Nonfarm placements $ $ 34,371 5,280 73 - 1 19.. -- 8 53 16 $ $ 358,133 1,962,061 1,071 $ 996,975 1,216 - 97 12 For an explanation of symbols see p. 43. Percent change Percent change City and item Dec 1968 Dec 1968 from Nov 1968 Dec 1968 from Dec 1967 Jan-Dec 1968 Jan-Dec 1967 J an-Dec 1968 from J an-Dec 1967 BRADY (pop. 5,338) Postal receipts• ......... .................... . 9,863 26 11 $ 97,862 Building permits, less federal contracts ······· 78,800 366 $ 432,255 $ 539,995 - 20 Bank debits (thousands) ·········· ·· ········· · 8,526 16 $ 101.658 $ 92,925 End-of-month deposits (thousands)t . . . . . .. . . . 7,725 $ 7,448 # $ 7,008 # Annual rate of deposit turnover ·············· 13.4 13.7 # 13.2 # BRENHAM (pop. 7,740) Postal receipts• .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 19,131 - 7 4 $ 197,008 Building permits. less federal contracts ······ · $ 377,060 191 - 35 $ 1,683,569 $ 2,181,285 - 23 Bank debits (thousands) . . . . . . . . . . . . . . . . . . . .. $ End-of-month deposits (thousands )t .... ...... $ 17 ,320 17,634 - 3.. 15 8 $ $ 194,412 16,605 # $ $ 175,462 15,424 # 11 8 Annual rate of deposit turnover . . . . . . . .. . . . . . 11.8 - 2 11.7 # 11.4 # BROWNFIELD (pop. 10,286) Postal receipts• ·························· $ 16,740 - 4 19 Bank debits (thousands) ·· ····· ··· ············ $ 24, 758 40 18 $ 231,438 $ 220,801 End-of-month deposits (thousands)t ·········· 18,041 27 - 1 14,708 # $ 14,155 # Annual rate of deposit turnover ·············· 18.4 26 25 15.6 # 15.7 # BROWNWOOD (pop. 16,974) Postal receipts• ... .. ............ ..... ........ $ 40,961 47 $ 448,872 Building permits, less federal contracts ······· $ 0 $ 951,677 $ 1,408,241 - 32 Bank debits (thousands) ... .... .. ............ $ 22,552 16 $ 266,144 $ 236,941 12 End-of-month deposits (thousands)t . . . . . . . . . . $ Annual rate of deposit turnover . .. . . . . .. . . . . . 15,435 18.0 .. 11 8 $ 13,989 # 19.1 # $ 13,481 # 17.6 # Nonfarm placements ···· ······· ····· ··· 64 - 38 33 1,476 1,563 BRYAN (pop. 32,891 r) Postal receipts• ··· · ····· Bui!ding permits, less federal ............ ... contracts ... .... $ $ 55,306 446,095 -- 4 61 - 24 47 $ 581,969 $ 13,549,833 $ 6,690,420 103 Bank debits (thousands) ········ ······· $ 58,984 - 2 25 $ 654,354 $ 556,350 18 End-o'.-month deposits Annual rate of deposit (thousands)t ·········· $ turnover .. . . . . . .. . . . . . 34,563 20.9 21 4 $ 29,742 # 22.1 # $ 26,363 # 21.1 # 13 Non farm placements ··· ··· ··· ·· ······· ····· ·· 215 - 15 - 13 3,383 3,950 -14 CALDWELL (pop. 2,202 r) Postal receipts• ·. . . . .. . . . . . $ 4,465 ··················-12 17 $ 52,159 Bank debits (thousands) 3,462 ··········· ···· $ $ 40,619 $ 41,582 -2 End-of-month deposits (thousa.nds) t .......... $ 5,091 4,705 # 4,696 # •• Annual rate of deposit turnover 8.4 ······· ······· 8.7 # 8.9# -2 CAMERON (pop. 5,640) Postal receipts• 14,439 .... ····· ·········· ·· ···· ··· ·· $ 62 15 $ 106,779 Building permits, less federal contracts $ 0 ····· ··· $ 272,326 $ 332,176 -18 Bank debits (thousands) · $ 7,930 22 ········· ·· ········· $ 76,761 $ 73,926 End-of-month deposits (thousands)t .. .. ...... 6,588 4 $ 6,058 # $ 6,051 # •• Annual rate of deposit turnover 14.2 3 15 ·············· 12.6 # 12.2 # CASTROVILLE (pop. 1,508) Building permits, less federal contracts 38,300 237 Bank debits (thousands) . . . . . . . . . .. . . . . . . . . . . 1,184 11 15 $ 13,430 $ 11,647 15 End-of-month deposits (thousands)t 1,392 4 Annual rate of deposit turnover . . . . . . . . . . . . . . 10.4 ·········· 7 $ 1,310 # $ 1,252 # 5 8 9 10.3 # 9.3 # 11 CISCO (pop. 4,499) Postal receipts• ····· . . . . . . . . . . . . .. . . . . ... . . . . $ 8,798 13 28 86,998Bank debits (thousands) $ 5,061 10 ····················· -7 End-of-month deposits (thousands)t . . . .. . . . . . 4,532 3 8 Annual rate of deposit turnover 13.6 6 ···· ·········· -11 COLLEGE STATION (pop. 18,590 r) Postal receipts• .. ··· ······· ·· ·········· ········ $ 35,300 37 $ 440,473 Building permits, less federal contracts ....... $ 886,605 13 213 i 6,447,617 $ 3,339,667 93 Bank debits (thousands) ···· ················· $ 9,544 22 24 End-of-month deposits (thousands)t . . . .... . . . $ 6,309 9 Annual rate of deposit turnover ··· ··········· 18.6 20 15 For an explanation of symbols see p. 43. Percent change Percent change City and item Dec 1968 Dec 1968 from Nov 1968 Dec 1968 from Dec 1967 Jan-Dec 1968 Jan-Dec 1967 Jan-Dec 1968 from Jan-Dec 1967 COLORADO CITY (pop. 6,457) Postal receipts• .. . . . .. . . . . . . . . . . . . . . ... . . . . . . $ 10, 746 7 46 $ 100,015 Bank debits (thousands) ·········· ···· ······· $ 5, 761 2 16 $ 65,233 $ 62,301 End-of-month deposits (thousands)t .......... $ Annual rate of deposit turnover ·············· 7,544 9.4 5 6 7 9 $ 6,762 # 9.7 # $ 6,561 # 9.5 # 3 2 COPPERAS COVE (pop. 4,567) Postal receipts• ..... ····· ······· ······· ··· $ 11.380 - 10 17 $ 103,196 Building permits, less federal contracts $ 36.100 - 70 - 80 $ 1,038,481 $ 1,354,767 - 23 Bank debits (thousands) ............. ... ..... $ 4,000 13 39 $ 36,859 $ 29,444 25 End-of-month deposits (thousands)t .. . . . . . . . . $ 2,300 3 47 $ 2,056 # $ 1,583 # 30 Annual rate of deposit turnover . . . .. . . . . . . .. . 21.2 19 - 4 18.0 # 19.1 # - 6 CORSICANA (pop. 20,344) Retail sales ..... . ..... . ... . ..... ....... .... .. 33 t 33 16 Postal receipts• . . . .. . . . . .. . . . . . . $ 101,187 - 39 44 $ 787,893 Building permits, less federal contracts ....... $ 3,418,957 599 $ 6,236,755 $ 3,346,542 86 Bank debits (thousands) ... .. ................. $ 32,309 15 27 $ 347,779 $ 312,774 11 End-<>f-month deposits (thousands) t . . . . ... . . . $ 26,930 6 4 $ 23,414 # $ 23,821 # - 2 Annual rate of deposit turnover . . . . . . . . .... .. 14.8 11 20 14.9 # 13.2 # 13 Nonfarm placements ................. .... ... . 187 - 38 2,381 2,536 - 6 CRYSTAL CITY (pop. 9,101) Building permits, less federal contracts $ 71,948 25 47 s 731,298 $ 760,786 - 4 Bank debits (thousands) ····················· $ 4,186 - 6 12 $ 52,646 $ 47,857 10 End-of-month deposits (thousands)t . . . . . .. . . . 3,827 27 11 $ 3,231 # $ 3,135 # 3 Annual rate of deposit turnover . . . . . . . . . . . . . . 14.7 - 15 8 16.4 # 15.4 # 6 DECATUR (pop. 3,563) Building permits, less federal contracts ........ $ 21,000 - 19 $ 234,628 $ 68,053 245 Bank debits (thousands) ..................... $ 4,671 10 $ 54,425 $ 49,660 10 End-<>f-month deposits Annual rate of deposit (thousands)t .......... $ turnover . . . . . . . .... .. . 5,158 10.8 2 8 10 •• $ 4,793 # 11.4 # $ 4,361 # 10.8 # 10 6 DEL RIO (pop. 18,612) Postal receipts• ···················· $ 31,805 12 $ 330,125 Bank debits (thousands) ·················· $ 19,139 12 19 $ 213,344 $ 187,047 14 End-of-month deposits (thousands )t .. ........ $ 19,992 1 1 $ 19,672 # $ 18,152 # 8 Annual rate of deposit turnover . . . . . . . . . . . . . . 11.5 13 17 10.9 # 10.4 # DIMMITT (pop. 2,935) Bank debits (thousands) $ 16,938 -4 42 End-of-month deposits (thousands)t . . . . . . . . . . $ 10,680 17 38 Annual rate of deposit turnover 20.5 -10 10 ········· ·· · ········ ·············· EAGLE LAKE (pop. 3,565) Bank debits (thousands) ······· ·········· ···· 5,296 24 10 $ 57,759 $ 47,918 21 End-of-month deposits (thousands)t ·········· 6,105 1 $ 5,599 # $ 5,309 # 5 Annual rate of deposit turnover .............. 10.6 22 8 10.3 # 9.1 # 13 EAGLE PASS (pop. 12,094) Postal receipts• .......... ............... $ 19,523 16 20 $ 190,788 Building permits, less federal contracts ....... $ 104,770 33 - 23 $ 2,514,504 $ 1,574,675 60 Bank debits (thousands) . . . . . . . .. . . . . . . . . .. . . $ 9,671 30 6 $ 102,246 $ 96,464 6 End-<>f-month deposits (thousands)t . . . .. . . . . . $ 5,430 10 6 $ 4,866 # $ 4,726 # 3 Annual rate of deposit turnover ··· ··· ······· · 22.4 24 21.1# 20.5 # 3 For an explanation of symbols see p. 43. FEBRUARY 1969 Percent change Percent change City and item Dec 1968 Dec 1968 from Nov 1968 Dec 1968 from Dec 1967 Jan-Dec 1968 Jan-Dec 1967 Jan-Dec 1968 from J an-Dec 1967 EDNA (pop. 5,038) Postal receipts* ..... ....... ................. . 9,405 16 41 $ 97,303 Building permits, less federal contracts ....... $ 2,350 - 98 - 92 Bank debits (thousands) ··· ·· ················· $ 9,478 14 End-of-month deposits (thousandsH .......... $ 8,745 Annual rate of deposit turnover ....... ....... 13.0 12 FORT STOCKTON (pop. 6,373) Postal receipts* .......... .......... $ 12,646 - 30 $ 148,506 Building permits, less federal contracts .. $ 98,750 73 45 Bank debits (thousands) ·· ··· ··· $ 10,451 - 12 14 $ 116,464 97,189 20 End-of-month deposits (thousands)t ·········· $ 10,681 18 $ 8,864 # 8,061 # 10 Annual rate of deposit turnover ..... ......... 11.8 - 17 - 3 13.3 # 12.3 # 8 FREDERICKSBURG (pop. 4,629) Postal receipts·~ .. ..................... $ 15,415 - 2 23 $ 143,231 Building permits, less federal contracts $ 18,000 - 56 - 66 $ 485,005 $ 723,904 - 33 Bank debits (thousands) . . . . . . . . . . . .. . . . . .. . . $ 13,683 18 $ 155,324 $ 147,622 5 End-of-month deposits (thousands)t .. .... ... . Annual rate of deposit turnover . . . . . .. . . . . .. . 11,560 14.3 - 2 11 5 $ 10,681 # 14.6 # $ 10,136 # 14.6 # .. FRIONA (pop. 3,049 r) Building permits. less federal contracts . ...... $ 69,000 - 24 - 4 $ 1,012,100 $ 505,811 100 Bank debits (thousands) ........ ............. $ 16,521 - 13 62 $ 160,437 $ 110,982 45 End-of-month deposits (thousandsH ... ..... ... . $ 7,456 17 21 $ 5,937 # $ 5,088 # 17 Annual rate of deposit turnover ·············· 28.7 - 19 36 27.2 # 21.9 # 24 GATESVILLE (pop. 4,626) Postal receipts• ·········· ······· 13,231 27 $ 109,297 Bank debits (thousands) .. . . . . . . . . . . .. . . . .. . 7,256 - 8 $ 90,892 $ 89,334 End-of-month deposits (thousands)t .... ...... 8,709 8 22 $ 7,604 # $ 7,013 # Annual rate of deposit turnover . .. . . . . .. . . . . . 10.4 - 11 - 16 12.1 # 12.7 # GEORGETOWN (pop. 5,218) Postal receipts• ......................... $ 11,970 14 Bank debits (thousands) .. .................. $ 7,178 22 24 77,871 $ 73,406 End-of-month deposits (thousands)t . . . . . . ... . $ 7,740 3 7,561 # $ 6,683 # 13 Annual rate of deposit turnover .............. 11.3 23 14 10.6 # 11.0 # - 4 GIDDINGS (pop. 2,821) Postal receipts• Building permits, . . . . . . . . . . . . . . . . . . . . . .. . . less federal contracts . . . . .. . 10,630 5,393 - 61 80 37 59 $ $ 81,916 246,458 372,355 - 34 Bank debits (thousands) ··· ············ ··· ·· · End-of-month deposits (thousands)t ·········· Annual rate of deposit turnover ···· ·········· 5,247 5,820 10.6 5 $ $ 60,568 5,376 # 11.3 # $ $ 59,865 5,067 # 11.8 # GLADEWATER (pop. 5,742) Postal receipts>!< ······ ·· · · ······ $ 10,314 25 43 Iluilding permits, less federal contracts $ 20,400 - 61 - 39 $ 607,517 $ 576,837 Bank debits (thousands) .............. $ 5,943 12 18 $ 68,115 $ 60,634 12 End-of-month deposits (thousands)t ......... . $ Annual rate of deposit turnover ······ ········ 5,115 14.3 5 12 11 $ 4,991 # 13.7 # $ 4,736 # 12.8# 5 Nonfarm employment (area)< ...... ...... .... Manufacturing employment (area)< . . . . . .. . Percent unemployed (area)< .................. 35,000 10,000 2.1 - 30 - 14 13 34,134 # 9,506 # 2.6 # 33,225 # 8,710 # 2.8# GOLDTHWAITE (pop. 1,383) Postal receipts* 5,415 ·· ····················· ·· $ $ 53,694 Bank debits (thousands) .. . . . . .. . . . . . . . . . .. . . . $ 5,383 14 $ 66,195 $ 56,642 17 End-of-month deposits (thousands)t .. . .. . . . . $ 4,358 -30 $ 4,783 # $ 5,854 # -18 Annual rate of deposit turnover 15.0 ····· · 60 13.8 # 9.7 # 42 For an explanation of symbols see p. 43. For an explanation of symbols see p. 43. Percent change Percent change City and item Dec 1968 Dec 1968 from N ov 1968 Dec 1968 from Dec 1967 Jan-Dec 1968 Jan-Dec 1967 Jan-Dec 1968 from Jan-Dec 1967 GRAHAM (pop. 8,505) Postal receipts• ··· ···· ·· ···· ·· ··· ···· ····· ··· $ Building permits, less federal contracts · ··· ·· · $ Bank debits (thousands) ··············· ······ $ End-of-month deposits (thousands)t . . . . . .. . . . Annual rate of deposit turnover ... ........ ... 22,566 169,300 12,005 11,839 12.2 57 1 2 23 195 18 10 6 $ $ $ 175,401 141,080 11,198 # 12.6 # $ $ 127,058 10,245 # 12.5 # 11 GRANBURY (pop. 2,227) Postal receipts• . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . $ Bank debits (thousands) ........... . .....• . ... $ End-of-month deposits (thousands)t ···· ······ $ Annual rate of deposit turnover . . . . . . . . . .. . . . 5,454 2,913 4,017 8.9 - 4 4 10 - 4 18 30 7 $ $ $ 64,149 31,630 3,335 # 9.6# $ $ 26,110 2,741 # 9.6 # 21 22 GREENVILLE (pop. 22,134 r) Postal receipts• ..... ......... ..... .... ....... $ Building permits, less federal contracts ....... $ Bank debits (thousands) ··········· ·········· $ End-of-month deposits (thousands)t ········ ·· $ Annual rate of deposit turnover . . . . . . . . ... . . . Nonfarm placements ···· ·················· ··· 42,307 178,460 32,279 23,814 15.9 106 ----- 37 47 4 6 25 -- 150 9 14 10 16 $ $ $ 534,056 4,446,164 394,084 21,811 # 18.2 # 2,089 $ $ 5,359,790 340,507 18,427 # 18.6 # 1,665 -- 17 16 18 2 25 HALLETISVILLE (pop. 2,808) Building permits, less federal contracts $ Bank debits (thousands) ··· ··· ········· ···· ·· $ End-o:-month deposits (thousands)t .. .... . . . . $ Annual rate of deposit turnover ········ · · · ··· 14,500 3,915 7,282 6.4 - 62 10 $ $ $ 476,211 44,207 6,823 # 6.5 # $ $ $ 225,627 40,029 6,686 # 6.0# 111 10 2 8 HALLSVILLE (pop. 684) Bank debits (thousands) ...... . .. . . . . .. . . .. . . $ End-of-month deposits (thousands)t ... .... . .. $ 1,257 1,304 18 •• 12,755 1,385 # Annual rate or deposit turnover ····· ····· ···· 11.6 18 HASKELL (pop. 4,016) Bu ilding permits, Jess federal contracts ... .... $ Bank debits (thousands) . . . . . .. . . . ... . $ End-of-month deposits (thousands) t . . . .. . .. .. $ Annual rate of deposit turnover . . . . . . . .. . . . . . 0 6,152 5,995 12.4 30 2 23 20 2 17 $ $ $ 254,352 57,364 5,279 # 10.9 # $ $ $ 280,702 49,192 4,958 # 9.9# - 9 17 6 10 HENDERSON (pop. 9,666) Postal receipts• ······· · ······· ········ ······· $ Building permits, less federal contracts ······· $ Bank debits (thousands) ······ ·· ···· ········· $ End-of-month deposits (thousands)t .... . . . . . . $ Annual rate of deposit turnover ... ........... 24,742 95,000 14,555 18,199 9.8 10 709 5 5 4 24 204 23 14 9 $ $ $ $ 238,136 1,093,425 166,490 16,295 # 10.3 # $ $ 1,432,354 132,607 17,919# 7.7 # -- 24 26 9 34 HEREFORD (pop. 9,584 r) Postal receipts• . . . . . .. . . . . . . . . . . . . . . . . . . . ... $ Building permits, less federal contracts ....... $ Bank debits (thousands) ·· ········ ··········· $ End-of-month deposits (thousands)t . . . . . . ... . $ Annual rate of deposit turnover . . . . . . . . . . ... . 27,374 174,900 38,128 21,575 22.8 --- 27 32 4 16 7 19 18 16 4 $ $ $ $ 305,947 3,326,120 406,681 17,172 # 23.9 # $ $ $ 3,092,130 350,713 16,392 # 21.5 # 8 16 5 11 FEBRUARY 1969 Percent change Percent change Dec 1968 Dec 1968 Jan-Dec 1968 Dec from from Jan-Dec Jan-Dec from 1968 1967 Jan-Dec 1967 City and item 1968 Nov 1968 Dec 1967 HONDO (pop. 4,992) Ouilding permits, less federal contracts ........ $ 32,300 121 -42 $ 417,967 557,760 -25 3 $ 51,511 $' 46,777 10 Bank debits (thousands) 4,094 ····················· $ $ 4,410 # $ 4,190 # Annual rate of deposit turnover . . . . . . . .. . . . . . 10.9 2 3 11.7 # 11.2 # End-of-month deposits (thousandsJi .. .... . . .. $ 4,613 4 HUNTSVILLE (pop. 11,999) Postal receipts• Building permits, less federal contracts $ .. . . . . . $ 32,804 449,000 299 52 235 $ $ 339,213 2,943,300 $ 2,462,108 20 Bank debits (thousands) ... . ..... ...... .. $ 26,623 37 33 End-of-month dep::>sits (thousandsH . . . .. . . . . . $ 17 ,430 18 21 Annual rate of deposit turnover ··· ··········· 19.9 28 13 JACKSONVILLE (pop. 10,509 ') Postal receipts• ..... ............ $ 31,355 19 $ 379,114 Building permits, less federal contracts $ 67,000 26 428 $ 3,713,013 $ 561,050 562 Bank debits (thousands) .. . . . . . . . . . . . .. . . . $ 19,809 2 23 $ 223,884 $ 204,701 9 End-of-month deposits (thousandsJi $ 13,522 10 9 $ 12,412 # $ 11,497 # Annual rate of deposit turnover 18.4 -2 14 18.1 # 17.9 # JASPER (pop. 5,120 ') Postal receipts• . . . . . . . . . . . . . . . . .. . . $ 16,767 29 $ 189,899 Building permits, less federal contracts ....... $ 26,450 14 82 $ 471,060 1,407,903 - 67 Bank debits (thousands) . . . .. ........... . .... $ 13,383 - 12 $ 179,207 End-of-month deposits (thousandsH ·· ········ $ 10,221 $ 9,716 # Annu::d rate o~ deposit turnover . . . . . . ..... . . . 15.7 - 14 JUNCTION (pop. 2,514 ') Building permits, less federal contracts $ $ 127,883 $ 86,000 49 Bank debits (thousands) .... $ 2,879 14 29 $ 31,204 $ 27,007 16 End-of-month deposits (thousandsH ····· ··· ·· 4,280 - 11 $ 4,098 # $ 3,525 # 16 Annual rate o~ deposit turnover 7.6 13 10 7.6 # 7.7 # - 1 KARNES CITY (pop. 3,000 ') Building permits, less !"ederal contracts $ 41,900 4 304,951 $ 116,921 161 Dank debits (thousands) .. . . . ...... .. ........ $ 4,695 33 34 End-of-month deposits (thousands)t $ 4,317 - 4 8 Annual rate of deposit turnover ·· · · · ······ 12.8 36 22 KILGORE (pop. 10,500 ') Postal receipts• ·············· ···· ··· $ 27,462 23 39 264,390 Building permits, less federal contracts $ 18, 750 - 78 21 1,479,516 $ 1,023,715 45 Bank debits (thousands) ....... .............. $ 15,264 6 19 174,056 $ 165,870 End-o"-month deposits (thousandsJi .......... $ 15,620 4 14 14,094 # $ 12,941 # Annual rate of deposit turnover ······ · · · 11.9 4 3 12.4 # 12.9 # Nonfarm employment (area)' ................ 35,000 34,134 # 33,225 # Manufacturing employment (area)' ........ 10,000 14 9,506 # 8,710 # Percent unemployed (area)' . . . . . . . . . . . . . . . . .. 2.1 - 30 - 13 2.6# 2.8# KILLEEN (pop. 30,400 ') Postal receipts• . . . . . . . . . . . . . . . . . . . .. . . $ 82,756 - 1 20 $ 814,564 Building permits, less federal contracts ....... $ 352,373 - 23 - 69 $ 7,717.352 6,503,937 19 Bank debits (thousands) ..................... $ 32,111 5 54 $ 286,962 223,215 29 End-of-month deposits Annual rate of deposit (thousands)~ . . . . . . .. . . $ turnover ....... ....... 14,418 28.4 13 •• 7 47 13,018 # 22.0# 12,128 # 18.3 # 20 For an explanation of symbols see p. 43. City and item Dec 1968 Percent change Dec 1968 Dec 1968 from from Nov 1968 Dec 1967 Jan-Dec 1968 Jan-Dec 1967 Percent change Jan-Dec 1968 from Jan-Dec 1967 Kingsland (pop. 150) Postal receipts• ·· ········· ········ ···· ······· $ 3,698 14 74 ........ ....... . . . Bank debits (thousands) ······················ $ 2.493 -8 -6 $ 30,582 $ 24,940 23 End-of-month deposits (thousands): ........... $ 1,575 -1 1 $ 1,569 # $ 1,364 # 15 Annual rate of deposit turnover ········ ······ KINGSVILLE (pop. 25,297) 18.9 -6 -10 19.5 # 18.8 # 4 Postal receipts• ······························ $ 37,692 20 60 $ 375,755 ........ ... Building permits, less federal contracts ···· ·· · $ 215,212 72 7 $ 3,604,033 $ 3,839,896 -6 Bank debits (thousands) ····················· $ 22,714 38 33 $ 225,190 $ 198,924 13 End-of-month deposits (thousands)t .. .. ...... $ 19,666 -5 7 $ 18,816 # $ 17,970 # 5 Annual rate of deposit turnover ······ ·· ······ KIRBYVILLE (pop. 2,021 r) 13.5 36 18 12.0 # 11.1 # 8 Postal receipts• .............................. $ 7,617 24 36 $ 74,897 ........ . .. Bank debits (thousands) . . . . . . . .. .. . . . .. . . . . . $ 2,778 -5 12 $ 32,888 $ 28,367 16 End-of-month deposits (thousands)t .......... $ 4,971 2 18 $ 4,482 # $ 4,125 # 9 Annual rate of deposit turnover .............. LAMESA (pop. 12,438) 6.8 -7 -4 7.4 # 6.9 # 7 Postal receipts• ······························ $ 30,829 57 61 $ 228,625 ... . . . . . .. . Bank debits (thousands) ...................... $ 29,447 34 25 $ 235,434 $ 213,148 10 End-of-month deposits (thousands) t .. ....... $ 24,937 24 31 $ 17,772 # $ 17,683 # 1 Annual rate of deposit turnover ....... .. ... .. 15.7 14 1 13.3 # 11.9 # 12 Nonfarm placements . . . .. . . .. .. .. . . .. . . . . . . . . LAMPASAS (pop. 5,670 r) 46 -29 -18 917 930 -1 Postal receipts• .............. ....... ......... $ 13,207 46 74 $ 104,178 ........ ... Building permits, less federal contracts ·· ·· ··· $ 50,400 581 78 $ 591,792 $ 571,480 4 Bank debits (thousands) ...................... $ 9,738 10 25 $ 107,114 $ 98,470 9 End-of-month deposits (thousands): .......... $ 8,397 3 2 $ 7,911 # $ 7,388 # 7 Annual rate of deposit turnover ...... ..... ... LITTLEFIELD (pop. 7,236) 14.1 8 22 13.5 # 13.4 # 1 Postal receipts• ·· ·· ···· ·· ···· ······· ·· ······· $ Building permits. less federal contracts ··· ···· $ 10,952 4,200 -4 28 -92 740 $ 126,924 $ 128,600 $ ... ..... 128,491 ..... Bank debits (thousands) ... .............. .... $ 12,261 37 18 $ 124,701 $ 114,298 9 End-of-month deposits (thousands)t ........ $ 11,727 9 8 $ 10,072 # $ 9,364 # 8 Annual rate of deposit turnover ·············· 13.1 26 11 12.4 # 12.2 # 2 LLANO (pop. 2,656) Postal receipts• ............ . . . . .. .. . . . . . . . . .. $ Building permits, less federal contracts .. ... . . $ Bank debits (thousands) .... ................. $ End-of-month deposits (thousands)t . . . . . . .. . . $ Annual rate o' deposit turnover . . . . . . . . . . .. . . 6,341 500 4,119 4,862 10.0 ---- 22 95 22 3 22 15 150 10 2 6 $ $ $ $ 62,993 159,500 60,500 4,705 # 12.8 # $ $ $ 78,400 50,090 4,719 # 10.6 # 103 21.. 21 LOCKHART (pop. 6,084) Postal receipts• ···· ·· ··········· .. ...... .. ... $ Building permits, less federal contracts ··· · ·· · $ Bank debits (thousands) . . . .. . . . . . . . . . . . ... . . $ End-of-month deposit (thousands)t . . . . . . . . . . . $ Annual rate of deposit turnover ·············· 10,864 42,275 6,609 8,993 9.1 - 39 30 4 7 8 21 34 12 7 $ $ $ $ 90,848 585,200 80,578 7,846 # 10.3# $ $ $ 717,255 76,245 7,405 # 10.4 # - 18 6 For an explanation of symbols seep. 43. FEBRUARY 1969 Percent change Percent change Jan-Dec 1968 Dec from from Dec 1968 Dec 1968 Jan-Dec Jan-Dec from 1967 Jan-~ 1967 City and item 1968 Nov 1968 Dec 1967 1968 LONGVIEW (pop. 52,242 r) Retail sales ·········· ·· ·· ·· ······· ······· ···· 33 t - 17 27 26 Postal receipts• ············ ···· ···· ······· ·· · $ Building permits, less federal contracts ....... $ Bank debits (thousands) ..................... $ End-of-month deposits (thousands)+ ·········· $ Annual rate of deposit turnover ..... ... ...... Nonfarm employment (area)• . . . . . . . . . . . .. . . . Manufacturing employment (area)' ........ Percent unemployed (area)' .................. 103,239 525,000 92,328 52,412 20.5 35,000 10,000 2.1 --- 5 24 1 6 30 -- 15 61 18 9.. 4 14 13 $ 1,125,452 $ 11,425,200 $ 1,043,966 $ 48,383 # 21.9 # 34,134 # 9,506 # 2.6 # $ 13,006,800 $ 883,091 $ 42,449 # 21.0 # 33,225 # 8,710 # 2.8# -12 18 14 4 LUFKIN (pop. 20,756 r) Postal receipts• ... .......... ................. $ 47,024 -6 14 Building permits, less federal contracts .... ... $ 1,362,400 418 756 7,634,604 2,424,433 215 Nonfarm placements ......................... 55 -29 -4 847 1,011 -16 McCAMEY (pop. 3,350 r) Postal receipts• ·· ········· ······ ···· ····· ··· · $ Bank debits (thousands) ...................... $ End-of-month deposits (thousandsH .......... $ Annual rate of deposit turnover ·· ············ 5,399 2,150 1,983 13.4 16 7 6 4 - 12 16 2 $ $ $ 48,859 25,614 1,898 # 13.6 # $ $ 24,028 1,687 # 14.3 # - 13 5 MARBLE FALLS (pop. 2,161) J.Jank debits (thousands) 3,526 21 38 $ 39,020 $ 32,588 20 ··················· ·· $ End-of-month deposits (thousands) t ....... .. . $ 3,465 10 43 $ 2,924 # $ 2,457 # 19 Annual rate of deposit turnover ........... ... 12.8 11 5 13.6 # 13.3 # 2 MARSHALL (pop. 25,715 r) Postal receipts* ......... ..... ............ .. $ Building permits, less federal contracts ....... $ Bank debits (thousands) . . . . . . . . . . . . . . . . . .. . . $ End-of-month deposits (thousands):I ···· ····· $ Annual rate of deposit turnover ········· ···· · Nonfarm placements . . . .. .. .. . . . . . . . . .. . . . . .. 47,307 l,756,327 29,635 31,732 11.2 151 - 358 14 •• 13 50 17 375 19 -2 14 -26 $ $ $ $ 520,120 7,955,034 315,348 29,698 # 10.6 # 4,032 $ $ $ 3,446,685 281,616 27,582 # 10.6 # 4,410 131 12 8 •• -9 MEXIA (pop. 7,621 r) Postal receipts* .... ··· · · · · · · · · · · ·· $ 12,007 25 26 $ 120,300 Building permits, less federal contracts .. ..... $ 26,000 - 35 24 $ 538,634 $ 511,000 Bank debits (thousands) ............ . . . $ 7,511 15 $ 83,897 $ 75,546 11 End-of-month deposits (thousands)+ . . . . . . . . . . $ 7,175 15 $ 6,517 # $ 5,891 # 11 Annual rate of deposit turnover .... .. ..... 12.5 - 1 13.5 # 12.9 # 5 MINERAL WELLS (pop. 11,053) P esta! receiptsi:c ......................... 36,072 - 25 14 Building permits, less federal contracts ... .... 80,100 48 - 74 $ 5,392,874 $ 5,558,107 - 3 Bank debits (thousands) .. ................... $ 28,656 4 15 $ 323, 701 $ 264,535 22 End-of-month deposits (thousands)+ ··· ·· ····· $ 18,119 7 $ 16,685 # $ 15,118 # 10 Annual rate of deposit turnover ············· · 19.6 19.5 # 17.6 # 11 Nonfarm placements ······ ······· ···· ······· 80 9 - 21 1,697 1,383 23 MONAHANS (pop. 9,252 r) Postal receipts• . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . $ 17,318 20 18 $ 158,953 Building permits, less federal contracts ....... $ 1,000 - 91 $ 194,515 $ 532,576 - 63 Bank debits (thousands) ................... .. $ 11,834 2 15 $ 138,500 $ 127,687 End-of-month deposits (thousands) t . . . .... . . . $ 8,374 6 8 $ 7,656 # $ 7,440 # Annual rate of deposit turnover ··········· 17.4 5 18.2# 17.2 # For an explanation of symbols see p, 43. Percent change Percent change City and item Dec 1968 Dec 1968 from Nov 1968 Dec 1968 from Dec 1967 Jan-Dec 1968 Jan-Dec 1967 Jan-Dec 1968 from Jan-Dec 1967 MOUNT PLEASANT (pop. 8,027) Postal receipts* ........... ..... ..... $ Building permits, less federal contracts ..... . . $ Bank debits (th~usands) ..... ··· · ······ ·· ··· · $ End-of-month deposits (thousands)l .. ... .. . . . $ Annual rate of deposit turnover . . . . . . . . . .. . . . 16,645 12,142 16, 721 11,760 18.1 - 13 72 11 13 6 - 27 34 32 5 28 $ $ $ $ 179,179 786,656 192,018 10,080 # 19.2 # $ $ $ 764,589 162,281 9,822 # 16.7 # 18 3 15 MUENSTER (pop. 1,190) Postal receipts* ······· · ······ ... .... ..... .... $ 2,496 - 25 - 21 $ 34,881 Building permits, less federal contracts ....... $ 15,500 15 - 61 $ 95,506 $ 373,503 - 74 Bank debits (thousands) . . . . . . . . . . . . . . . . . . . . . . $ 3,415 4 $ 42,446 $ 37,460 13 End-of-month deposits (thousands)l $ 2,692 $ 2,693 # $ 2,345 # 15 Annual rate of deposit turnover . . . . . . . ... .. .. 15.3 15.8 # 16.1 # - 2 MULESHOE (pop. 3,871) Bank debits (thousands ) ... ...... ..... 12,712 13 $ 142,042 $ 144, 751 2 End-of-month deposits (thousands)l . . . . . . .. . . 12,682 24 $ 8,971 # $ 9,810 # 9 Annual rate of deposit turnover ·············· 12.5 - 13 - 13 16.1 # 14.8 # 9 NACOGDOCHES (pop. 15,450 r) Postal receipts* ·· ·········· $ 36,489 - 25 431,162 Building permits, Jess federal contract.a $ 166,840 - 64 66 $ 7,014,564 $ 4,164,286 68 Nonfarm placements ... .. .. .. . . .. .. .... .. ... . 36 - 45 827 1,241 - 33 NEW BRA UN FELS (pop. 15,631) Postal receipts• ... ..... ...................... $ 38,615 - 28 63 $ 393,141 Building permits, less federal contracts . . . .. .. $ 358,152 - 53 102 $ 3,964,899 $ 3,032,184 31 Bank debits (thousand) . . . . . . . . . . . . .. .... . . . . . $ 19,208 17 9 End-of-month deposits (thousands)l ........... $ 19,662 24 Annual rate of deposit turnover ............ ... 12.0 12 - 10 OLNEY (pop. 4,200 r) Building permits, less federal contracts ... .. .. $ 2,600 -63 $ 54,105 $ 560,306 -90 Bank debits (thousands ) ...... .. . . $ 5,399 9 $ 65,707 $ 62,104 6 .. End-of-month deposits (thousands)l ... .. . . ... $ 5,153 6 $ 5,284 # $ 5,271 # Annual rate of deposit turnover . . . . . . . .. . . . . . 12.5 12.4 # 11.8 # PALESTINE (pop. 13,974) Postal receipts• . .. .... · ··· ·········· $ 28,221 - 27 15 $ 287,490 Building permits, less federal contracts .. ..... $ 468,250 745 392 $ 2,695,974 $ 1,115,357 142 Bank debits (thousands) ··· · · · ·· · ······ $ 16,198 2 $ 192,376 $ 168,223 14 End-of-month deposits (thousands)l . . . . . .. . . . $ Annual rate of deposit turnover ....... .. ..... 19,734 10.1 4 3 18,199 # 10.6 # $ 17,105# 9.8# 6 8 Nonfarm placements ···· ·· ··················· 44 2 PAMPA (pop. 24,664) Retail sales ... . . . . .. . . . . . . 33 t 8 29 8 Postal receipts• ........ . .. 41,343 12 5 $ 472,761 Bank debits (thousands ) ···· ······ ·· ·· ·· ···· 34,396 6 8 $ 382,964 $ 361,324 6 End-of-month deposits (thousands) i . .. $ 24,188 $ 22,577 # $ 21,508 # Annual rate of deposit turnover ... N onfarm placements ... .... .. ............ 17.5 95 4.. 9 30 17.0# 1,524 16.9 # 2,043 - 25 PARIS (pop. 20,977) Postal receipts• .... . . . . . . . . . . . . . . .. 47,680 8 25 $ 462,789 Building permits, less federal contracts . . .. . . 283,024 223 - 18 $ 3,375,985 3, 760,840 - 10 Nonfarm placements ··· ······ ··········· ····· 184 - 23 - 10 2,509 2,141 17 For an explanation of symbols see p. 43. FEBRUARY 1969 City and item Dec 1968 Percent change Dec 1968 Dec 1968 from from Nov 1968 Dec 1967 Jan-Dec 1968 Jan-Dec 1967 Percent change Jan-Dec 1968 from Jan-Dec 1967 PECOS (pop. 12,728) Postal receipts• ... ··· ············ ··········· · $ 16,284 - 5 16 $ 182,923 ··· ····· ... Bank debits (thousands) .... .. ............... $ 22,597 - 2 30 $ 227,986 $ 195, 708 16 End-of-month deposits (thousands)t .......... $ 14,275 16 16 $ 11,328 # $ 10,546 # 7 Annual rate of deposit turnover .. . . ... . . . . . . . 20.4 - 9 16 20.2 # 18.6 # 9 Nonfarm placements ························· 86 41 19 1,034 916 13 PLAINVIEW (pop. 23,703 r) Postal receipts• ... ..... ..... ...... .. ......... $ 41,510 - 1 - 4 $ 461,612 ..... ... .. Building permits, less federal contracts ... ... $ Bank debits (thousands) .................... . $ 435,150 53,362 846 •• - 110 7 $ 8,060,200 .... .. .. $ 2,105,800 ....... 283 End-of-month deposits (thousands)t .... ...... $ 33,689 1 3 . ....... ········ ... Annual rate of deposit turnover .............. 19.1 - 7 -15 ........ ········ ... Nonfarm placements ........................ 201 - 3 -15 2,854 3,210 -11 PLEASANTON (pop. 5,053 r) Building permits, less federal contracts ....... $ 32,500 -16 -24 $ 530,001 $ 410,235 29 Bank debits (thousands) .. ..... .............. $ 4,877 - 4 14 $ 59,572 $ 51,402 16 End-of-month deposits (thousands)t ·········· $ 4,845 2 10 $ 4,461 # $ 4,112 # 8 Annual rate of deposit turnover .............. 12.2 - 7 5 13.4 # 12.6 # 6 QUANAH (pop. 4,564) Postal receipts• ..... .... . ... ················· $ 8,151 27 15 $ 76,096 ........ ... Building permits, less federal contracts ... .... $ Bank debits (thousands) ··· ······· ········ ···· $ End-of-month deposits (thousands)t ··········· $ Annual rate of deposit turnover ·· ····· ······· 0 7,246 6,633 13.8 ... 27 11 21 ... 20 2 21 $ 394,508 $ 71,505 $ 6,083 # 11.8 # $ 171,657 $ 62,256 $ 5,785 # 10.7 # 130 15 5 10 RAYMONDVILLE (pop. 9,385) Postal receipts• ······························ $ Building permits, less federal contracts ······ $ Bank debits (thousands) ······················ $ End-of-month deposits (thousandsH .. . . . . . . . . $ Annual rate of deposit turnover ···· ·········· Nonfarm placements ... · · ······ ·············· 12,461 15,600 8,020 10,994 8.7 40 16 -63 -11 -2 -6 -9 30 -10 -17 -9 -10 -34 $ 119,085 $ 611,725 $ 113,762 $ 11,166 # 10.1 # 680 ........ $ 187,100 $ 107,056 $ 10,362 # 10.4 # 937 ... 174 6 8 -3 -27 REFUGIO (pop. 4,944) Postal receipts• . . . . . . . .. . . .. . . . . . . . . . . .. . . . . . $ Building permits, less federal contracts $···· ···· Bank debits (thousands) . . . .... . . . . . . . . . . . .. . . $ End-of-month deposits (thousands)t ··········· $ Annual rate of deposit turnover .. . . . . .. . . . . . . 7,768 12,000 6,140 9,522 6.3 18 ... -14 -7 -11 - 28 ... 17 5 21 ' 80,787 $ 372,505 $ 56,178 $ 9,291 # 6.0# ....... . $ 68,506 $ 49,773 9,134 #$ 5.5# .. . 444 13 2 9 ROCKDALE (pop. 4,481) Postal receipts• ··················· ········· ·· $ Bank debits (thousands) ···· ········ ·· ······ · $ End-of-month deposits (thousands)t . . . . . . . . . . $Annual rate of deposit turnover ·· ······· ····· 9,377 6,675 5,472 14.5 --- 20 6 2 7 26 16 6 7 $ 89,748 $ 71,448 $ 5,271 # 13.6 # .. . . . . . . $ 63,216 $ 4,978 # 12.7 # ... 13 6 7 SAN MARCOS (pop. 12,713) Postal receipts• ··············· ··············· $Building permits, less federal contracts $······· Bank debits (thousands) ·········· ···· ······· $End-of-month deposits (thousands)t ···· ······ · $Annual rate of deposit turnover ·· ········ ··· · 26,908 287,155 18,186 13,954 15.7 - 3 253 12 •• 12 34 64 14 4 11 $ 302,287 $ 3,898,270 $ 211,202 $ 13,879 # 16.3# ........ $ 6,826,248 $ 185,167 $ 12,977 # 14.3 # ... -33 u 7 7 For an explanation of symbols see p. 43. - 70 Percent change Percent change City and item Dec 1968 Dec 1968 from N ov 1968 Dec 1968 from Dec 1967 Jan-Dec 1968 Jan-DT!...!.~.~.~di~t.d) B US I N ES S <\.11 indexes ar~ based on the average. m?nths for 1957-19~9 except where other specification is made; all except annual ~dexes are adJuste? ~or ~easonal va:iatio~ unless otherwise noted. Employment estimates are compiled by the Texas "'mployment Co~mission m cooperation with the Bureau of Labor Statistics of the U.S. Department of Labor. The sym­>0ls used below impose qualifications as indicated here: *-preliminary data subject to revision; r-revised data; #­follar totals for the calendar year to date; §-dollar totals for the fiscal year to date; t-€mployment data for wage and ;alary workers only. Dec Nov Dec Year-to-date a ver age 1968 1968 1967 1968 1967 GENERAL BUSINESS ACTIVITY ['exas business act ivit y c: :i: q rn M .., c: ~ ii z t:rj > .., q < M :>< rn 0 M ::c > l'%j rn _, ~ 00 td 0 q ;::l '%J ., '(f.J .., ..... M z :>< t:rj> '(f.J rn '(f.J > .., ~ t:rj > '(f.J rn t:rj c: > ~ ~ (') = EXPLORATIONS IN CONSUMER BEHAVIOR A Symposium Held at The University of Texas at Austin April 18-19, 1966 As the result of a recognized need for establishment of a tradition of research methodology in consumer behavior and of a clear definition of the area, a symposium was held at The University of Texas at Austin in April of 1966. Invited as speak­ers were leading professionals in marketing and allied disciplines. These participants were asked to prepare papers, with distribu­tion of copies to the other speakers in advance of the sessions in Austin, so that a large part of the time could be devoted to informed discussion of the problems presented in the papers. The list of contriJutors includes many eminent authorities: Gerald D. Bell (University of North Carolina, Harvard Univer­sity), Phillip C. Burger (Northwestern University), Donald F. Cox (Coca-Cola Company), Peter G. Durkson (Market Structure Studies), Ronald E. Frank (Wharton School, University of Pennsylvania), Paul E. Green (Wharton School), Michael H. Halbert (Marketing Science Institute), John A. Howard ( Colum­bia University), Jerome B. Kernan (University of Cincinnati), Charles W. King (Purdue University), Sidney J. Levy (North­western University), Edgar A. Pessemier (Purdue University), Patrick J. Robinson (Marketing Institute), Montrose S. Sommers (University of Toronto), and W. T. Tucker (The University of Texas). Professors Sommers and Kernan, editors of the sympos­ium papers and the related discussions, were in the Department of Marketing Administration at The University of Texas at Austin when the symposium was held. The papers considered such topics as the need for a theory of consumer behavior; consumer behavior as human behavior; self. esteem, persuasibility, and remorse among car buyers; perceived risk and information handling in consumer behavior; the theory of buyer behavior; a large-scale systems view of consumer· behavior research, and risk taking in relation to information seeking. Studies in Marketing No. 10 xiii + 277 pp. $5.00 BUREAU OF BUSINESS RESEARCH THE UNIVERSITY OF TEXAS AT AUSTIN (Texas residents add 4-percent sales tax)