july 1969 



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

TEXAS BUSINESS REVIEW VOL. XLIII , NO. 7, JULY 196 9 
Editor. Stanley A. Arbingast; Associate Edito1-. Robert H. Ryan; Managinrt Edito1., Graham Blackstock 
Editorial Hoard: Stan!Py .·\ .. .\ rhingast, Chairman; John R. Stockton; Francis B. '.\Tay; Rohert H. Ryan; Graham Blackstock 

CONTENTS 
,\RTICLES 

189: 	TH E ll\'SINESS SIT\ 'ATION IN TEXAS, by Robert B. Williamson 
194: NEGRO Bl'SINESSES IN TEXAS, by William J. Slaton 19!): CONSTRl'CTION IN TEXAS, b11 Francis B. May 
TABLES 

190: 	Ill'S INESS-ACTIHTY INDEXES FOR 20 SELECTED TEXAS 
CITIES 
l9 ! : SELECTED BAROMETERS OF TEXAS BUSINESS 

192: 	
RETAIL-SALES TRENDS llY Kil\'D OF BUSINESS 

192: 
POSTAL RECEIPTS, SELECTED TEXAS CITIES 1~3 : CREDIT RATIOS IN DEPARTMENT AND APPAREL STORES [!);{:. PRELDII:'\ARY ESTI~IATES OF TOTAL RETAIL SALES l99: ESTDIATED YALn:s OF Bl'ILDI:'\G Al!THORIZED IN TEXAS 


200: 	NONFAinI B\TILDING ..\.l.TllORIZED IN STANDARD ~IETRO­POLITAN STATISTICAL AREAS 
201: 	ONE-FAMILY, TWO-FAMILY, AND APARTMENT-BVILDING DWELLING UNITS IN STANDARD METROPOLITAN STA­TISTICAL AREAS 
202: 	LOCAL Bl'SINESS C'ONDITIONS BAROMETERS OF TEXA S Bl'SINESS (inside brtck cover) 
CHARTS 
l89: TEXAS BUSINESS ACTIVITY 

190: c m ·DE-OIL PROD\:CTION' TEXAS 
l 90: CRl'DE-OIL R\!NS TO STILLS, TEXAS 

190 : I Nil\'STRIAL PROD\TCTION, TEXA!' 
I !)(): INDl.'STRIAL ELECTRIC-POWER l1SE, TEXAS 
l01: TOTAL \'NE~IPLOYMEl\'T, TEXAS 
l !)l: I:\Sl"RED l'NElllPLOY~IENT, TEXAS 


. 	l!)l: WHOLESALE PRICES, l'NITED STATES U)l: COl\'Sl.Mr:R PRICES IN THE \ 1N ITED STATES 
192: DOLLAR ESTIMATES OI·' ANNIJAL TEXAS RETAIL SALES 19:{: TOTAL NONAGRICl'LT\ IHAL l·:~IPLOYMENT, TEXAS 
190: 	PRICES HECEin:n BY I'AR~1ERS, ALL FARM PROfll 'CTS, 
TEXAS 
l99: TOTAL Ill'ILDING A \ITIIORIZED Ii' TEXAS 

199: 	
RESIDENTIAL BC!LDIN<: A\JTllORIZED IN TEXAS 

199: 	
:\ONRESIOENTL\L IH"ILIJI:\(; Al.Tl!OHIZED JN TEXAS 


l'llOTOGRAPH 
1!)7: RIYERSIDE NAT!O:'>AL BA:\K, IIOl'STON 

Hl'R~;All OF lll 'SINio:SS Rio:SEARCH 
Dir('cfor: J ohn R. Stockton 
Assorirlle Director flnrl R('gources S71eciali.~t: Stanley A. 

Arbingast A.•si.•trmt to I Ii<' Dirertor: F lorence Escott ron.•ullin.r; Statistician : Francis R. :'\Jay Coopernting Faculty: Charles T. Clark, Lawrence L. 
Crum, William T. Hold, .Jerry Todd, Ernest W. Walker, Robert B. Williamson 
Admini.~trativc As.~istant: '.\largaret Robb 
Re.~earch A s.~ociatc.~: J ames Blackburn, Graham Black­stock, '.\1ichael Bonine, Michael Coneway, Willetta De­ment, John Franklin, Charles Green, Stuart Greenfield, William Gruben, Harry P. Haiduk, Letitia Hitz, Gay Horak, Ida M. Lamheth, Robert 2\-L Lockwood, Ben '.\1cAndrew, Arthur Nienhueser, Robert H. Ryan, Lamar Smith, Jr., Richard Vermillion, Robert Weinstein, Charles Zlatkovich 
Re.~earc/1 A.~.~i.~trmt.,: Charlotte Hage, Uavid B. King, Terry Throckmorton SystPms Analyst: Dennis W. Cooper Statistical Assistan ts: l\1ildred Anderson, Constance Cool­edge, Judith :'\foran, Glenda Riley Stati.~tical Teclmicians: Richard R. Batsell, Doris Dis­muke, l\1ary Gorham, Roy D. Pursley Ca.rto.r;n171/i ers : Penelope Lewis, Carl Senter, James Weiler Librarian : Merle Danz Administrative Secretary: Jeanette Pryor Admini.~trntive Clerk: Nita Teeters Senio r Secrntary: Elizabeth Vickers Senior Clerk Ty71 ist: Margaret Fielder, Patricia Harris Clerk Tmiist: Linda Cantu Senior Clerk: Salvador B. Macias Clerk.~: Faye Bartula, Forrest Overstreet, Frank H. Stephens 0.(f.,rt Prc.~s 071erritors: Robert Dorsett, Daniel P. Rosas 
Published monthly \Jy the Bureau of Business Research, Graduate ~chool of Business, The University of Texas at Austin, Austin, Texas 7871~. Second-class postage paid at Austin, T exas. Content of this pub· li('ation is not copyrighted and may Le reproduced freely, but acknowl· t.'<lgment of source will be apprc('iated. The views expressed by auth~rs are not necessari ly those of the Bureau of Business Research. Subscrip· tion, $3.00 a year; individual copies 25 cents. 

The Bureau of Husiness Hescarch is a member of the Associated University Bureaus of Business and Economic Research. 
THE BUSINESS SITUATION IN TEXAS 
Robert B. Williamson 


Texas business activity apparently has eased some­what from the record high reached at the start of the year, and has followed an essentially flat trend since February. The seasonally adjusted index of Texas busi­ness activity calculated hy the Bureau of Business Re­search was approximately 244 percent of its 1957-1959 aYerage in :\fay, comparl'cl with a high of 252 percent in January and a rPduced le,·el of about 243 percent in February. The monthly index has reYersed directions each month since February, but in retrospect these re­cent monthly re,·er~rnl s appear to ha,-e heen no more than random fluctuations. Other signs of a basic slowing of the inflationary pace of business acti,·ity can be found in both tlw state and the nation. Real gross national 
product during the first qua rter of 1969 gre\\' at a rate 
less than one half of that rPgi~tered during the final 
half of 1968. Current trends and projections indicate 
some slowing of gro\\·th, or actual declines, in both 
Texas and the nation for se,·eral major kinds of de­
mands, including business fixed in,·estrnent, homebuilding, 
deficit spending by the federal go,·ernment, retail sales, 
and net exports. 
Industrial production is one of the fe\\· important types 

of actiYity which thus far has not sho\\·n a significant 
slowing of growth. The month!~-increases of industrial 
production during }Jay represent annual rates of gain 
of about 4 percent for Texas and approximately twice 
that for the nation. Compared ,,·ith the a,·erage increases 
OYer the preceding tweh·e months, the Texas growth rate for '.\fay was about unchanged and the national rate was higher. Both manufacturing and minerals production in­creased in Texas during '.\Ia~'. The state's important oil industry ,,·as expf'cted to sho\\' during June a further gain in crude-oil production. based on a hike in the al­lowable production to G3.5 p('rcent of capacity. A down­turn in the sf'asonally adjustf'd ll'wl of Tl'xas oil pro­duction is indica!Pd for .Jul~·. ho\\'('\·cr, since the allo\\'­ah]p ,·olume for that month has hel'n rl'duccd contra­sPasonally to 54.'i percent of capacity. 
No \\'eakl'ning in O\'C'rall manufacturing production is yet in sight, although consuml'r-goods production through­out thP nation did le\·el off during :\Tay. In fact, the na­tion's manufactun'rs, according to a recent survey, fore­cast for tlw third quarter a salrs rise E'\'f'n greater than the gains of the first t\\'O quarters of the year and a rate of in\'C'nton· additions about the same ns the high rate indicatPd for the second quarter. 
Indications of current le\·els of business investment 

spending for fixed plant in Texas and the nation are also 
continuing to rise rapidly, but the latest national survey 
of businessmen's plans point to some slo\\'ing in the rate 
of increase in this spending <luring the second half of 
the year. In Texas, nonresidential building authorizations, 
which include capital i11\'cstment for construction by 
business and industn-, rnse sharp!~· during May to the 
highest seasonally adjusted le\'el since the peak of Au-
TEXAS BUSINESS ACTIVITY 

Index Adjusted for Seasonal Variation-1957-1959 =JOO 

350 300 250 200 150 100 
50 
0 

BL'SINESS-ACTIVITY INDEXES FOR 20 SELECTED TEXAS CITIES (Adjusted for seasonal ''ariation ·1957-In3n 100) 
Percent change 
Year-to-date average 

Year-to-date May 1969  1969  
May  Apr  average  from  from  
City  1969  1969  1969  Apr 1969  1968  
Abilene  . . .. . . . . . . . . 142.0  143.7  141.0  6  
Amarillo  -.. 184.9  194.4  188.6  - 5  2  
Austin  -.380.9  376.6  357.6  52  
Beaumont Corpus Christi  200.4 165.2  201.4 154.2  193.9 157.8  ** 7  2 ••  
Corsicana  .152.8  187.0  161.7  -18  - 2  
Dallas  ..... . 299.7  333.0  312.7  -10  26  
El  Paso  .141.7  154.2  149.8  - 8  11  
Fort  Worth  -.179.5  190.1  177.1  - 6  
Galveston  . . 120.5  137.0  127.1  -12  - 6  
Houston  .258.8  243.8  253.5  6  10  
Laredo  -. 224.8  234.1  235.3  - 4  12  

Lubbock Port Arthur  . . 175.4 .118.1  200.8 116.1  167.4 111.9  - 13 2  12  
San Angelo  .163.5  172.2  168.5  
San Antonio Texarkana Tyler  . . 200.8 -.233.1 189.5  203.1 257.4 192.7  201.0 249.3 177.9  2  8 14  
Waco Wichita  Falls  .189.5 .127.7  187.4 157.1  182.0 140.7  - 1 19  7 7  

•• Chanire is less than one half of l percent. 
gust 1967. The category accounting for the largest in­crease in authorizations was educational buildings, but total authorizations for business construction considered separately also registered a sharp increase. The growth of business fixed-investment spending in Texas should slow, however, along with the anticipated slowing of the growth of such spending nationally, since these expendi­tures in Texas are subject to the same restraining in­fluences of slower profit growth, rising interest rates, and projected increases in taxes that help to explain the anticipated slowing of investment growth in the nation as a whole. 
Residential building is a major activity already re­cording significant declines in both Texas and the nation. The seasonally adjusted value of authorizations for resi­dential construction in Texas reached its peak last De­cember and then declined for three months in a row. A partial recovery in Texas residential author izations occurred in April, but another large decline was reported for May. National housing starts showed their fourth straight monthly decline during May. Apartments and other multiple-family dwellings have reflected greater year-to-year strength thus far during 1969 than have one-family dwellings in both Texas and the nation, but multiple-family units contributed to the May declines in both the state and national series on new residential construction. A tightening of mortgage-credit supplies and rising building costs are the principal factors de­pressing the level of residential construction. 
Credit supplies tightened generally and dramatically during June. The prime lending rate of commercial banks was raised a full percentage point to 8.5 percent and other interest rates registered similar increases. These credit conditions were largely the result of the policy of tight money pursued persistently by the Federal Reserve System since late 1968. The credit squeeze of mid-1969 was being compared in its severity to the credit "crunch" of 1966. Until June the major permanent lenders of 
CRUDE-OIL PRODUCTION, TEXAS 
Ind•• Adju•tH for S••• onal V.,iation-1'51-1'5'•100 
350 
300 
250 150 
200 
150 
150 
100 
110 
so 
50 
,... NOTE: Shaded area• indicate period• o! d•chne of tot.al bu11neea actinty in the Unl"'4 Statei. 
CRUDE-OIL RUNS TO STILLS, TEXAS 
/nde• Adjusted /or SeHonal Variat,on-JIJ1·1Hl•JOO 350 
050 

300 
250 150 
200 200 
150 
J
-
A A 
100 
.­
w-
so 

19.56 NOTE: 19S7 1'51 1959 1960 1961 1962 1963 196• 1'65 1966 ''" 1961 '"' Shaded auu indiute pc:rioch o{ decline of total bu1in1H activity iQ tti. Uialt.d Statu. 
INDUSTRIAL PRODUCTION, TEXAS• 
/nd11 Ad1usted fol' Se•1on1/ V11iat1on-1'51-lfSf • JOO 
"° 
200 
... 

200 llO 100 
50 

NOT£: Sh.aded area• indicate period• of dedlne of to tal buoalneu act1v11, in tbe Ullited Sc.ate•. SOURCE-Federal Rcu:rve Bank or 0•1111. 
INDUSTRIAL ELECTRIC-POWER USE, TEXAS 
350 300 250 
200 
150 
100 
so 


SELECTED  BAROMETERS  OF  TEXAS  BUSINESS  
TOTAL UNEMPLOYMENT, TEXAS  (Indexes-Adjusted for  seasonal  variation-1957-1959  100)  
Jnd• • Adj u d ed /or S•Honal Varia tion-1951-19'9 • JOO  
uo  
 l>O  Percent change  

 300  Year-to-date  
uo  
 250  Index  May 1969  Apr 1969  Year-to-date May 1969 average from 1969 Apr 1969  average 1969 from 1968  

 200  

 Texas business activity . 243.8*  248.6•  243.8  -2  16  
150  
 1'0  Crude-petroleum  
100  
 100  production 116.8* Crude-oil runs to stills. '139.2  110.5• 133.7  108.4 131.5  -5 ••  

 Total electric-power use 230.6*  244.2*  235.7  -6  10  
50  50  Industrial electric~power  
use  '' '' .218.4*  226.5*  220.1  -4  13  
1956 1957 19'8  1959  1960 1961  1962  1963 19U 196S  1966  1967  1961  1969  Bank  debits  ''' .275.0  278.2  272.2  16  
NOTE: Shaded a u a• indicate period• of dedi.ne or to tal budne11 activity 11'1 the United SU.te t .  Sales of ordinary life  
SOUR CE:  T._..1 Employment Comrn.iu ion. Bu.reau of Buaineee Reaear ch.  Data adju1t1d !or 1eaeonal variation by the  insurance  '.239.9  243.2  232.0  
Urban  building permits  
INSURED UNEMPLOYMENT, TEXAS  issued New residential  '' ''  202.9 152.8  200.2 193.2  196.7 164.9  1 -21  20 16  


lndn: Adjusted for SeHon a / V . .,.iation-195 1-1959 • 100 

uo 

3>0 

300 250 
250 200 
200 150 
1'0 100 
100 50 
50 
1956 1957 1951 1959 1960 1961 1962 1963 196' 1965 1966 1967 1968 1969 NOTE: Shaded 1r111 indicate period• ol de cline o! lot&l butine11 activity in the United S1.ate1. SOURCE: Texas Employment Commi11ion. Dal.a adjusted for 1ea1onal variation by the Bureau of Bu1ine11 Re1earch. 
WHOLESALE PRICES •. UNITED STATES 
Ind•• Adjulted for S•a•Onal Varietion-1957-1959 • 100 

New  nonresidential  .300.&  208.7  251.9  44  27  
Total  industrial  
production  .171.6"  171.1*  170.3  ••  4  
Total nonfarm employment  ' ' ' 144.0*  143.5*  142.9  ..  
Manufacturing  
employment  ' ' ' ' ' '150.0*  149.6*  148.4  ••  
Total unemployment  74.2  65.&  &5 .5  13  -2  
Insureo unemployment  40.0  40.9  41.7  -2  -3  
Average weekly earnings-­ 
manufacturing  ' ' ' 145.2*  144.8*  142.5  *''  4  
Average weekly hours-manufacturing  '101.5*  101.3*  101.1  ••  

* Preliminary. *'' Change is less than one half of 1 percent. 
mortgage credit and nonbank financial institutions gen· erally were not as strapped for lendable funds as they were in 1966, but all sectors of the credit market were 

beginning to experience severe tightening by the middle 
>00 
300 of June. Government fiscal policy continued to reinforce the policy of monetary restraint as the first half of 1969 
200 
200 	drew to a close. The federal government's budget was moving from a large deficit of over $25 billion in the fiscal year ended June 30, 1968, to a growing surplus which was forecast to reach about $6 billion in the fiscal year beginning July 1, 1969. The Nixon Administration's requests for an extension of the income surtax and a repeal of the 7-percent tax credit on business investments 
1'56 1957 1'51 1959 1960 1961 1962 1963 196' 1965 1966 1967 1968 1969 

NOTE: Shaded area• indiute period• of decline of tot.al bu•ine•• activity in the United State•. were intended to assure the maintenance of a sizable SOURCE: U. S. Deparbnent or L..abor. 
government surplus and to thereby restrain inflationary demands on the economy.
CONSUMER PRICES IN THE UNITED STATES 
In response to the various shifts in basic economic 
Ind•• Adju11ted for Se•aon •/ V•ri• tion-1957 -1959 1 100 

demands, employment and payrolls registered moderate increases through May. Texas nonfarm employment showed a seasonally adjusted gain during May that was somewhat below the average year-to-year growth rate for the first five months of the year. The national non­farm employment total likewise rose at a modest pace during May, although an increase in the number of workers off their jobs because of strikes partly accounted for the relatively small size of the national employment increase for the month. No comprehensive up-to-date data on personal income in Texas are available, but the sea­sonally adjusted gain of average weekly earnings in 
NOTE: Shaded •re• • ind.ic¥1fl pniod1 of decline of total buune•• activity in the United St.ate•. 

manufacturing in Texas during May was about the same as the average increases for the preceding months of 

JULiY 1969 
POSTAL RECE'PTS SELECTED TEXAS CITIES 

1969 and the adjusted increase of total personal income throughout the nation during May was definitely below the average gains for the previous months of the year. 
Percent change
A more distinct leveling is apparent in the case of re­

May 1969 May 1969

tail sales. Seasonally adjusted data for Texas retail sales 	from 
from
City May 1969 April 1969 May 1968

in May showed no appreciable change from April. Ad­
justed data for national retail sales were up only slightly 	Alvin .......16,320 -7 Ballinger 5,585 4
in May, a development in line with the slowing tendency 	-17 
Breckenridge ... 12,257 2

which has been evident over the past several months. 	21 
Carrizo Springs 3,954In fact, the peak in the adjusted level of national durable­Carthage 7,607 -l& -9 goods sales was reached as early as last September. The Center 9,504 6 Childress 7,638 -3
types of retail stores which reported seasonally adjusted -11 Cleveland 8,149 -19 
2 RETAIL-SALES TRENDS BY KIND OF BUSINESS Coleman 6,737 -18 -25 (Unadjusted) Columbus 6,337 31 -17 Commerce ........15,352 11 10 
Cuero 7,692 1 Dalhart 7,909 4 

Percent change 	-15 
7
May from April 
Dumas .10,285 9 -18 

Actual Jan-May Electra 4,3n 54 -15 1969 Falfurrias 5,498 5 Number of May 1969 May 1969 from 
Galena Park ... 10,464 -4 

-8 Kind of business stores seasonal*Apr 1969 May 1968 1968 
reporting Normal from from Jan-May 

Gainesville ... 20,610 2 Gilmer 8,476 33 17 DURABLE GOODS 
Hale Center 2,228 
-3 Hearne 5,199 -3 2

Automotive storest 313 5 Hempstead ..........10,049 52 40
Motor-vehicle dealers 174 *:;' 5 
Hillsboro ... 10,533 

Furniture and household-Hurst ........25,130 -3
appliance storest 135 15 11 5 
Kenedy 5,952 18 29

Furniture stores 82 l& 10 Kermit 8,428 -9 -8
Lumber, building-material, Kerrville .18,296 -18 -3
and hardware dealers . 196 2 6 13 La Grange 7,317 10

Farm-implement 
Lake Jackson ... 11,306 -5

dealers 18 15 -1 
Marlin ....10,080

Hardware stores 49 7 8 
Lumber and building-

Mathis 3,894 10 Navasota 7,731 -10 13

material dealers 129 -1 15 Nixon 2,914 27 NONDURABLE GOODS Perryton .. 11,852 20 17 Apparel stores 260 -3 Pittsburg 6,737 ••
-8
3 

Family clothing 	Plano .. .....21,491 21 14 
Port Lavaca 13,893 	6
stores 43 
3 -3 -1 
Men's and boys' 

Port Neches ......15,80S 10 25 
Rusk 	4,772 -34 -30
clothing stores 56 7 8 Seminole 5,989 8 7Shoe stores 56 -13 

-7 -8 
Women's ready-to-wear 3,340 -17

Taft 	-15 
Wharton .10,290 
stores 79 

8 8 Other apparel stores. 26 -6 3 8 Winnsboro 5,167 -7 Drugstores 154 11 9 5 Yoakum ....19,466 -19 
Eating and drinking ** Change is less than one half of 1 percent.
placest 88 8 
8 3 
Restaurants 64 

8 3 3 Food storest 236 12 16 
Groceries 

(without meats) 66 10 2' 	DOLLAR ESTIMATES OF ANNUAL TEXAS RETAIL SALES* 

Groceries 
(with meats) 155 
17 Gasoline and service stations .. l,012 7 General-merchandise stores 227 11 16 3 Full-line stores 121 14 
3 
Dry-goods stores 54 

25 2 
Department stores 52 

13 Other retail storest . 240 7 9 Florists 
46 16 7 
Nurseries . . . . . . . . . . . . . 15 

-23 4 9 
Jewelry stores 26 

25 7 13 
Liquor stores 41 

8 17 11 
Office-, store-, and school-

supply dealers 34 
22 
* Percent change of current month's seasonal average from preceding 
month's seasonal average. 

•Annuol rote bosed on Jonuory ·Moy. 
Includes kinds of business other than classification listed. ** Change is less than one half of 1 percent. 

192 
TEXAS BUSINESS REVIEW 

19!53 19!54' 19551956 1957 19!5819!5919!5019611Qe21G6311MJ4'19e!51Qee...• L-m. ....
19671..,.. 

declines in Texas during May included furniture and household-appliance stores; lumber, building-material, and hardware dealers; drug stores; food stores; and gasoline and service stations. Continuing to register significant gains were automotive stores, apparel stores, and general­merchandise stores. 
Inflation, the major economic problem at the present time, reached a frightening pace during the first half of 1969. For example, the consumer price index for Hous­ton in April reflected an annual increase of 6.4 percent, compared with national year-to-year increases of 5.4 per­cent registered in April and again in May. The pace of the changes in prices over the past few months has been especially disturbing. The national increases in consumer prices during the three months ended in April were at an average annual rate of 7.6 percent, only slightly below the 1951 rate of 8 percent prior to the imposition of Korean War wage and price controls. Some of the con­sumer goods and services which have shown the most rapid cost increases over the past year according to the sample data for Houston are public transportation, home ownership, medical services, utilities, and clothing. Avail­able national data show a slowing of consumer price in­flation during May with the increase from April slowing to an annual rate of 4 percent. 
The slowing of consumer price increases in May is a 

hopeful sign, but government officials in releasing the 
price data cautioned against overoptimism for the next 
few 	months. Although the growth of basic economic de­
mands appears to be moderating, historically our economy 
has 	always experienced a lag between a slowing in the 
growth of economic activity and any significant and con­
tinuing curtailment of price inflation. The underlying 
trend of wholesale prices in the nation registered an 
especially sharp 10-percent annual rate of increase from 
April to May, and during June there were announce­
ments of substantial price increases for several basic 
commodities, including steel, kraft paper, various indus­
trial chemicals, and tires and other rubber products. It is 
quite obvious that, while a definite start has been made 
on 	restraining inflation, satisfactory control of the prob­
lem will require more time. 
CREDIT RATIOS IN DEPARTMENT AND APPAREL STORES 
Credit ratios" Collection ratiost Classification Numberof~~~~~~­(annual sales reporting May May May May volume 1968) stores 196U 1968 1969 1968 
ALL 	STORES ...32 62.4 63.4. 33.& 34.7 
BY TYPE OF STORE 
Department stores .. 12. 64.9 64.0 36.1 37.9 
Dry-goods and 
apparel stores 5 59.5 59.6 41.2. 40.9 
Women's specialty shops. 8 60.0 61.0 33.9 34.0 
Men's clothing stores. 59.0 62.2. 44.3 48.7 
BY VOLUME OF 
NET SALES 

Over $1,500,000 13 62.6 63.8 33.2 34.3 
$500,000 to $1,500,000. 59.8 58.5 39.9 40.8 
$250,000 to $500,000. 5 63.1 65.0 41.1 44.4 
Less than $250,000. 8 51.3 53.1 38.1 36.9 

• Credit sales divided by net sales. 
t 	Collections during the month divided by accounts unpaid on first of the month. 
TOTAL NONAGRICULTURAL 
EMPLOYMENT, TEXAS 


lnde:w. Adjuated for Se•aona/ Yari•t1on-1951-1959~JOO 350 
350 

300 300 
250 

200 200 
ISO 
150
-

100 100 
50 50 
NOTE: Shaded •rea• indicate period• o f decline of tot.al busineu activity in the United State•. SOURCE: Texas Employment Commission. Data adju•ted for 1ea1onal variation by the Bureau of 8u5iness Re 1e11.rch, 
PRICES RECEIVED BY FARMERS 
ALL FARM PRODUCTS, TEXAS 

Index. Adjusted for Seasonal Varia tion-1910.191 4= 10()1 


Jan-May 1969 May 1969•" Jan-May 1969 May 1969 May 1969 from (millions (millions from from Jan-May Type of store of dollars) of dollars) Apr 1969 May 1968 1968 
Total . ....l,636 7,525 7 7 
Durable goods#. 593 2,769 4 ~ 7 
Nondurable goods 1,043 4,756 8 4 
P Preliminary. 
* Bureau of Business Research estimates based on data from the Bureau of the Census. 

# 	Contains automotive stores, furniture stores, and lumber, building~ material, and hardware dealers. 
TEXAS CITRUS FRUIT 
Production of citrus in Texas for the 1968-1969 season is estimated at 12.0 million boxes by the Tex­as Crop and Livestock Reporting Service. This is 400,000 boxes above the April 1 forecast and is over two and one-half times (261 percent) the 4.6 million boxes produced last season. 
Release, Texas Department of Agriculture 
and United States Department of Agriculture 

JULY 1969 


NEGRO BUSINESSES IN TEXAS 
William J. Slaton* 
For the past several years the problems of minority unemployment in Texas have been considered extensively. Analysts have recently realized that the problem includes much more than unemployment. Minority ownership of businesses is considered by many to be another key fac­tor in alleviating the poor economic situation of the mi­nority groups in Texas. The definition of minority owner­ship of businesses as "a share in the economy" carries with it a great deal of validity. This "share" provides a feeling of pride and accomplishment, a sense of confi­dence in knowing that one can achieve as much as his abilities will allow. Texas, throughout its history, has fostered this pride of accomplishment. If Texas is to utilize all of its human resources, all of its citizens must possess this sense of pride in achievement. '.\'linority ownership of business is one means of attaining it. 
The limitation of this study to the black minority and its position in relation to business ownership in Texas does not imply that other minority groups in Texas, par­ticularly the Mexican-Americans, do not suffer from the same problems, or even greater ones. Instead, an examina­tion of the Negro situation should be helpful in finding solutions to the problems of other groups. 
Houston and Dallas seemed to be the two primary, and most satisfying, areas for examination of the prob­lems of Negro business in Texas. These two cities, of course, cannot serve as the basis of generalizations for the whole state, but many evaluations of conditions to be examined in these cities will be applicable to other areas of Texas. 
Although this study is not an in-depth examination of all the facets of Negro business in Texas, it should provide a revealing view of the situation that exists now and should indicate the possible future status of these businesses in this state. 
Successful Negro businesses are not numerous through­out the United States. the potential for their growth having remained fairly dormant until recently. In years past Negro businesses were limited to small proprietor­ships operating in a marginal status. These proprietor­ships, chiefly in the areas of food and service businesses, have operated from "hand to mouth," with little if any record keeping and with the substitution of simple com­mon sense for training in managerial practice. Virtually all of these businesses are located within the ghetto areas of the large cities across the country. This cate­gory of "large city" is loosely defined and fairly inclu­sive. Although most of these businesses are in the major cities of the United States, a few could probably be found in most cities of over 50,000 in population. In cities with smaller populations Negro-owned businesses are rare. 
This same condition prevails in Texas. Most of the Negro population is in the eastern half of the state, with the heaviest concentration lying in the major cities 
':'Mr. Slaton is a .June 1%!! graduate of the College of nu,iness 

Administration at The University of Texas at Au!itin. The l' t':->t:<ll'('h fo1· this study was financially !-iUp ported, in part, hy a grant from the U.T. Austin Students Association. 
of Houston and Dallas. In most of the small towns of Texas very few Negro businesses can be found, since the black population is made up almost entirely of farm­ers. Most Negro businesses in Texas follow the national pattern of classification, falling into the categories of food and service industries. Some small retail shops and gas stations are also Negro-owned. One Texas peculiarity is the large number of funeral homes owned by Negroes. It has been said that, in Texas, Negroes have the corner on the "death market." Most of these funeral homes have been owned for many years by the same families, which have in this way established a long tradition of service to the community. 
Several key problems form obstacles to the develop­ment of black businesses in Texas. At the present time fewer than 3 percent of the business concerns in Dallas are owned by nonwhites, while nonwhites comprise 19 percent of the city's population.' In Houston a nonwhite population slightly higher in percentage of total popula­tion owns the same 3 percent of total businesses. The five major problem areas which have caused the situation are: 
1. 	
White ownership of the majority of businesses in the black community 

2. 	
A lack of programs sufficient to help the situation, both federal and local 

3. 	
A lack of black capital and credit 

4. 	
A lack of trained black businessmen 

5. 
A lack of market areas for black businessmen It is not to be assumed that these are the only problems retarding the development of Negro business, but if these arc solved, or even if an apnroach toward solution is made, the black community will have a much greater chance for economic growth. The first problem, white ownership of ghetto businesses, is not as severe in Texas at the present time as it is in other areas of the nation. The drain of capital from the black communities to other areas of cities hinders the economic growth of the black areas. When "outsiders" own the maior businesses in a black area the community feels that it has no control over its economic situation. The continuing question has been how to transfer owner­ship of these businesses to Negroes qualified to operate them. Negroes so qualified are not too numerous still, and many of these businesses have been owned for many years by white proprietors who sometimes are unwilling to sell. This question is tied closely to the second problem, a lack of federal and local programs for promoting Negro business development. Where can a black man who is interested in starting his own business turn for financing, for help in establishing good business practices, or for mere advice? In the past he has had to relv solelv on 


his own intuition and good luck. Unfortunately luck alone is not usually enough to :lchieve success in business. 
' "New Thrust and SBA in Big 'D'."" Urban L ear1ne of Greater Dalla! Nc1cslettcr, Vol. I. No. 2 (February 1%0), p. 6. 
TEXAS BUSINESS REVIEW 

In addition to the lack of counsel, the critical shortages of capital and credit for the black businessman have re­mained a seemingly insurmountable problem for the black businessman. All businesses need capital in order to be­gin operating, and most businesses need continuous cred­it to remain solvent. Black businesses have been consist­ently deprived of both capital and credit in sufficient amounts to allow the flexibility necessary for business 
success. 
Most of these already existing small black businesses needed low initial investments. Either they were inherited through the family or the owner had saved for a num­ber of years to buy out the original owner or to start his own business. This was not an easy task for the Negro entrepreneur in Texas. Economic problems for Ne,,.roes haYe been much more serious in past years. It is difficult enough to save money to open a business if one comes from a poor economic class, but if one comes from a poor economic class, and is also black, his problems are much greater. Unless he could save all of the money needed, and this is rarely done, he would have to finance the remainder through loans. In the past very few Texas bankers have been willing to back Negro businesses in the ghetto areas. This has been a major cause of the relatively small number of Negro-owned businesses in 
Texas. If the potential Negro businessman looked to oth­
ers in his community to help him in starting his busi­
ness, he again would run into another stumbling block. 
He would have a great deal of trouble in finding people 
interested in business. As one Negro merchant in Dallas 
put it, "The best businesses in the black communities 
are the churches.'" Religion is a big part of the Negro 
culture, perhaps because at times it is all black people 
have to rely on, and this preoccupation with religion 
and the support of the church takes their minds off 
business development. 
Even if the black businessman can finance his business 

he faces another serious problem-a tremendous short­
age of business-trained Negroes in Texas. Family econom­
ics is a key factor contributing to this shortage. Many 
young Negroes have to quit school in order to support 
their families or themselves. Of the Negroes who do 
finish high school and enter college, furthermore, few are 
interested in business. Most go into social work, teaching, 
or government service. There is probably a sound socio­
logical reason behind this disinterest in business. !\Iany 
young Negroes are raised without basic training in the 
value of a dollar, a lack leading, of course, to a general 
disinterest in business.' Another key factor in the short­
age of competent Negro businessmen has developed fairly 
recently in Texas. There is a tremendous "brain-drain" 
on the Negro communities in this state. The large cor­
porations across the nation and in Texas pay a high 
premium to get educated Negroes to join their companies. 
!\!any of the business-trained Negroes join these large 
corporations, and the small black-owned enterprises are 
left with no trained persons to aperate them. 
.: Isaiah Ellis. retail merchant. interview, Dallas, Texas, April I. 196~. 
3 Dr. J. E. Gloster, professor of economics, Texas Southern Universi­ty, interview, Houston, Texas, March 7, 1969. 
Perhaps the most difficult problem of all is the in­adequacy of market areas for Negro businesses. The problem is difficult because complicated by so many un­derlying factors, many of them psychological in nature, which affect the shortage of markets for black businesses. Of these, the location of most Negro businesses must have the greatest effect. 
Assuming-the fact that a black man is now able to set up his business and start his operation in his black communi­ty, his marht will be primarily the Negro community around his place of business. There he will encounter three types of people. Some of the people in his com­munitv will not e\·en be able to afford to do business with him, others will be able to afford to shop there and will do so, while another group will be more than able to afford to shop there but will take their business to the large prestige businesses owned hy whites. This more affluent segment of the Negro population, fortunately, is growing, but a great portion of the affluent Negroes, un­fortunately, tend not to purchase from the small Negro­owned communitv businesses. Although this characteristic creates problem~ for the black businessmen, again it is not a trait prevalent only in the Negro community. To forget the place he came from is a natural tendency for one who has made his fortune. 
A close examination, howe\·er, of this rejection of black businesses by many Negroes reveals all too frequently an extremelv unfortunate psychological situation. Throughout this country's history the idea that anything \\·hich is black is inferior has been so driven into people's minds that it has even heen absorbed by the Negroes themselves. To many blacks, ironically, anything black is inferior. Fortunately programs have developed within the black communities to halt this subconscious feeling and even to re\·erse it in some measure. 
Hardly any Negro businesses can be found in the white sections of cities. An inward direction here, as across the nation, seems to be concentrating Negro businesses exclusi\·ely in Negro markets. Obviously this has been forced on the Negro businessmen in past years, and it is difficult to break the tradition. Skepticism as_to the suc­cess of a Negro business venture in a white community is Yalid. The black merchant's sense of belonging also plays a significant role in the location of these business.es. Of course this feeling of closeness to a group which affects the location of a business Yenture is not exclusive in the Negro community, fo1· it can readily be observed that anv member of a social group will tend to focus
0 

his business, as well as his personal life, within that 
group. This kinship of the Negro businessman wi:h the 
Negro community, ho\\'ever, plays a large part 111 the 

restricted location of his enterprises. 
None of the possible solutions of these problems are 

simple or complete. Some approaches have been . ch?sen 
and some general objectiYes have been set as beg111n111gs 
of solutions to these problems. Hopefully they will be 
continued while constantly being re-examined for evalua­
tion of their effectiveness. 
One suggested overall solution is that black business­men buv out the white owners of ghetto businesses, a practice. which is increasing. For example, a cl~ani~g establishment in the heart of the black commumty 111 Dallas has been white-owned for many years. Recently 
JULY 1969 195 
the manager of the outlet, a Negro, bought the cleaning business and is operating it successfully. This cleaner is now a black-owned enterprise.' Similar developments are recurring frequently, all steps in the right direction. 
Progress toward solution has been made also in the second problem area, a lack of federal and local programs adequate to help the expansion of black businesses. On the federal level President Nixon has recently called for the establishment of an office under the Commerce De­partment to coordinate information on 116 separate gov­ernment programs to help l'Tegroes, Mexican-Americans, Puerto Ricans, and Indian-establish their own business enterprises." 
The primary federal agency to help minority businesses here in Texas is the Small Business Administration. Dallas and Houston are "target cities" and each has its own SBA office. When Dallas was chosen in December 1968 as a "target city" all local black leaders were called in to the SBA office. Lines of communication were set up between the black community and SBA. Many pro­grams to help minority businesses are administered under SBA. Their 502 Program helps communities set up indus­trial parks, downtown renewal, or shopping centers as a local development company (LDC), as either a profit or a nonprofit corporation. The 502 Program has not been used in Texas yet, but it is hoped that communities will utilize it in the future. Most SBA loans to Texas minority businessmen in the past have been made under the Economic Opportunity Loans (EOL). These loans are based more on character and ability than on collateral. They are made to disadvantaged businessmen. One can qualify as being disadvantaged because of race, illness, or inadequate education. Under this loan set-up SBA may lend applicants up to $25,000 for as long as 15 years with a current interest rate of 5-5/8 percent.• 
The newest program under SBA is Project Own. These loans are made strictly to members of minority groups either to help a failing business or to start a new one. These loans are limited only to SBA's statutory limit of $350,000 per loan, but local bank participation is re­quired. SBA will guarantee up to 90 percent of the loan.7 
Project Own has three basic goals: first, to provide financing for disadvantaged businesses; second, to fur­nish management assistance through individual counseling and training programs; and third, but most important, to establish bank relationships with disadvantaged busi­nessmen. These relationships, which have been nonexist­ent for many years, are being very strongly supported by SBA, because they feel that once a minority business­man has established himself with a bank he will have the open credit which is necessary to any successful 
business. As pointed out earlier, character and ability are the prime determinants of qualification for a Project Own 
' "New Thrust and SBA in Big 'D'," p. ~­

:, "Other A('tivities," Bcono111ic Qua rtcrl11 HPvieu i (Dallas Negro Cham­
ber of Commerce), Vol. 1. No. 1 (no date), p. 1. 

'' Small B1lsiness Admim's tralion, Washington, D.C.: U.S. Government Printing Office, March J!l68. 
~ Fred Lawrence, adminbtrator, Small Business Administration. inter­view, Dallas, Texlli:i, April 4, l!lfi!l. 
loan. Under this program an applicant will not auto­matically be turned down for either lack of equity or lack of collateral. The administrators like to see a 15­percent equity, but this is only a guideline and not a cutting-off point for loan consideration. 
As of April 1969 the SBA office in Dallas has ap­proved and completed thirty-two loans, of which six­teen were EOL and sixteen were loans through Project Own with bank participation.' In San Antonio, SBA has made thirty loans under Project Own.' 
The black communities of Texas have mixed reactions to SBA. Many feel that the agency is making great strides in helping black capitalism. Others feel that SBA works too slowly and that applicants have to meet too many technical requirements. SBA, a government agency, is hampered, of course, by a great deal of red tape; however, it still provides a channel for funds into the black community and an opportunity for black business which, without it, would be much more limited. 
On the local level many new programs and organiza­tions in Texas are promoting Negro-owned business. The Dallas Urban League, which is part of the National Urban League, is an organization working for the eco­nomic development of the black community as well as for the solution of other social problems of minority groups. Their New Thrust Program is to assist indi­viduals in receiving funds for business venture." This program is aimed at helping prospective black business­men prepare to meet the necessary requirements of the lending financial institution. The Urban League works very closely with SBA in financing black businesses. 
Negro Chambers of Commerce have been organized in both Dallas and Houston. Their purpose is to promote economic development in the black communities. On the surface these Chambers of Commerce, which are sepa­rate from the city Chambers of Commerce, would appear to be detrimental to the black community because they would tend to separate it from the city. Although this may be true to a certain extent, the job that these or­ganizations are doing in getting the black community working toward its own economic growth is to be com­mended, and their work is definitely a solid step in the direction of achieving these goals. 
One new program the Dallas Negro Chamber of Com­merce is emphasizing is the New Opportunities Work· shop, a nation-wide program to open channels of com­munication between the Nixon Administration and the black communities." In Dallas the local GOP will sponsor a service office to provide interested people with infor­mation as to where funds can be obtained for their par­ticular enterprise, indicating where they should go and whom they should see. 
Two of the major remaining problems in Texas, a lack of black capital and inadequate black credit, are being emphasized by all of the organizations mentioned 
' llJid. 
:i "Negro-Owned Businesses Get Loans from SBA," San Antonio Ex· 
press Neics, February 16, 1969, p, 10-H. Col. 2. 
1" '"New Thrust and SBA in Big 'D",'" Urban League of Greater Dallas Newsletter, p. 6. 
11 Joe Kirven, president, Dallas Negro Chamber of Commerce, inter· 
view, Dallas, Texas, April 3, 1969. 
TEXAS BUSINESS REVIEW above. These are the two remammg factors which are blocking the full economic growth of the black communi­ties in Texas. 

The present economic situation all over the nation is hurting the effectiveness of these financial programs. Money is tight right now and, of course, money is what these potential businesses need. Banks have tightened up their credit, not just to the minority businesses, but to all businesses. The channels are there, at least, the plans and programs are available, and of course with the changing financial situation, the money will probably be more fully available in the future. As these programs continue to operate, Negroes are establishing themselves as businessmen, a development which should allow the future flow of capital into the black communities to be an everyday occurrence, with continued business growth 
as the goal in mind. 
Business education is another key factor in fostering this desired development. It is obvious that a business will succeed only if it is run according to sound business practice. All of these organizations realize this necessity and, in addition to helping with financing, they all em­phasize the need for training of potential Negro business­men. The Dallas Negro Chamber of Commerce and the local Dallas SBA office sponsor classes, lectures, and seminars at Southern Methodist University and at Bishop College. These courses are planned not only for potential Negro businessmen, but also for Negroes who are al­ready in business and who are urged to participate to improve their business practices. Basic courses such as accounting, management policy, and marketing techniques are stressed. All of these courses are designed on a prac­tical basis, so as to allow the businessman to put them to immediate use. 
Business schools at Negro colleges across the state are trying to attract more students. At Texas Southern Uni­versity, in Houston, the business school teaches on a practical level, so that the students will be able to utilize the information immediately. This business information may allow the young Negro graduate to start his own business or to join a small Negro-owned business instead of going to work for a large corporation. 
Through these educational programs the black com­munities are taking an interest in business, and they are realizing the tremendous potential which exists in busi­ness development. 
Solutions to the shortage of Negro markets might be encouraged by examination of some of the current areas where Negro businessmen are succeeding and a glimpse at what the future holds for black economic development. 
During the last several years a myriad of different types of businesses have been established by black busi­nessmen. While it is true that most Negro businesses are small service-type operations, a significant number of black-owned businesses of types not usually associated with black communities have opened and have done ex­tremely well. Other categories, in which black proprietors were already operating, have increased their percentage of black ownership. 
Many Negro night-club owners are operating success­fully all over the state. Although some never do really succeed, many are doing very well, bringing in nationally known entertainment. Many of these clubs draw white as well as black patronage, this seeming to be one of the 
JULY 1969 few areas of black business in which the market includes more than the Negro community. Food establishments tend also to attract nonblack customers, but not in as great a degree. A prime example of a type of black­owned restaurant drawing white customers is barbecue restaurants. A Negro in Houston is manufacturing bar­becue sauce which is being sold ail over the city. 
There are many successful Negro real-estate brokers in Texas. Their biggest problem is to be allowed to han­dle adequate housing. White developers are reluctant to give Negro brokers an opportunity to sell a house. Of course, with the current tight monetary situation, and a high interest rate, there is a definite shortage of avail­able homes, but Negro brokers see their solution in an increase in the very small number of Negro developers in the state. 
A surprising number of Negro-owned newspapers cir­

culate in the major cities in Texas. Most of these are 
small papers, some daily, most others weekly or bi­
weekly. These newspapers fulfill a definite need within 
the black community. While across the nation business­
men are realizing the strong market potential in the 
ghetto areas, it is hoped that the white communities in 
Texas will sense the value of Negro newspapers." 
One of the most exciting areas of Negro business and 

one with probably the strongest economic potential is 
black financial institutions. A very successful Negro­
owned savings and loan in Houston, Standard Savings 
and Loan, has been operating for several years. Their 
lending policy is directed of course to the black com­
munity and they have helped tremendously with the 
growth of the ghetto area of Houston. 
Located not far from Standard Savings is Riverside 

National Bank, the only bank in Texas and one of the 
few in the nation organized and operated by a predom­
inantly Negro group. The bank is not an exclnsivE>ly 
Negro bank, since it has some white members on the 
Board of Directors and some white stockholders. How­
ever, it does primarily serve the black community. River­
side National had a difficult beginning but through con­
stant effort on the part of many concerned people, both 
black and white, the bank has managed to survive and 
is another dynamic institution in the Houston Negro 

t:? Mrs. Carter Wesley, publisher, Informer Newspaper, interview, 
Houston, Texas, March 6, 1969. 
community." Credit lines are now open within the Hous­ton black community. Both of these financial institutions have a current problem which must be solved before they can grow. A great deal of private Negro capital in Houston is not on deposit at either Standard Savings or Riverside, but is in the large downtown banks. It would be fortunate if this black capital could be poured back into the Negro community through these local fi­nancial institutions. 
At the present time Dallas has no Negro-owned finan­cial institutions, although several Negro businessmen in Dallas are attempting to start a savings and loan com­pany. Hopefully this organization will be formed and it will help the economic situation in Dallas ghetto areas. 
One area of business which has hardly been touched by Negro businessmen, the area of industrial production, is looked upon as the next aspect of development in Negro business in Texas. It is felt that at the present the black communities do not possess enough capital or experience to sustain manufacturing businesses, but it is hoped that in the near future this state will have many production facilities owned and operated by Negroes. Once the Negro community has involved itself with all facets of business, including production, their economic growth is assured. 
The process of economic development in the black com­munities of Texas is going to be a slow evolvement. This growth is made up of individual actions happening over a period of time. In the past the successful Negro busi­nessman was a loner. He came up from nothing and he did it all himself. He missed out on the usual pleasures of life, since his struggle to become successful was in­creased tenfold because he was black in a white business world. He had to learn the "white man's way." Now the programs, opportunities, and means are available for easing this struggle to be successful. A black business­man has a chance in Texas to open his own business and make a success out of it. His path is still no bed of roses, of course, for the problems of Negroes in busi­ness continue to be tremendous, but the direction has 
been taken and ultimate solutions are emerging with the passage of time. 
One other controversial factor affects this economic development to an undetermined degree. Racial prejudice has stopped Negro economic development throughout his­tory, of course, in Texas as across the nation. The tide, though, is changing, and especially so in Texas. This is not to say that social prejudice and its effects on busi­ness do not exist in Texas, but that the degree of it is much less. It is proposed that a significant portion of what seems to be prejudice now, actually, has drained it­self to the point of being only habit. The feeling of prejudice is not there any more, just the actions. This would indicate that after a period of time (and hope­fully soon) the last remaining vestiges of prejudice will be gone. 
If one picks up a newspaper from Dallas, Houston, or any of the larger cities in Texas, almost invariably he will find an article describing a new Negro-owned business being opened-a Negro-owned barber college and a chain of barber shops in Dallas employing one hun­
i:i The Interim Historu of Riverside National Banh:, December HJ63, passim .. 

dred Negro barbers," a new Negro-owned bakery operat­ing successfully in San Antonio,'" gas stations, franchise operations, restaurants, retail shops-all being owned and managed by blacks in the black community. In the future it is projected that Negro businessmen will ex­pand out of the ghetto areas and set up market areas which include both white and black communities. Negroes will move into new areas of business. Eventually almost any type of business in Texas will see black as well as white ownership. Perhaps the whole answer is not having economic control merely over their own communities but also controlling part of the entire economic situation so that everyone, black and white, has a share and a re­
sponsibility for the economic welfare of Texas. 
It has been said that many blacks are impatient, and it is becoming increasingly apparent that many whites are also beginning to grow impatient. Impatience breeds action and in Texas, fortunately, there is in addition a great deal of hard work and sincere effort on the part of both races to help everyone toward decent economic development. This will not be an easy task, and it will not be done overnight; but it is happening every day and if one looks closely enough he can see progress. Every­
one is watching the events of passing time and time will see Texas with all of its citizens possessing a share in its economy. 
PRINTED SOURCES 
Economic Quarterly Review (Dallas Negro Chamber of Commerce). Vol. l, No. 1 (no date). "Negro-Owned Businesses Get Loans from SBA," San Antonio Expr6" News, February lG, 1969, p. 10-H, Col. 2. Riverside National Bank, The Interim History of Riverside National Bank, December 1963. Small Business Administration, Washington, D.C.: U.S. Government Printing Office, March 1968. News Release from Small Business Administration, September 4, 1968. Urban League of Greater Dal!as Newsletter, Vol. 1, No. 2 (February 1969). 
INTERVIEWS 
Allan, Joe A., Executive Director, Dallas Urban League, Dallas. April 
3. 1969. 
Barnett, Ray, Night-Club Owner, Houston, March 6, 1969. 
Ellis, Isaiah, Retail Merchant, Dallas, April 5, 1969. 
Galloway, C. A., Real-Estate Broker, Dallas, April 4, 1969. 

Gloster, Dr. J. E., Professor of Economics, Texas Southern University, 
Houston, March 6, 1969. 
Graves, Curtis, State Representative, Austin, April, 1969. 
Hannah. Mack, Chairman of the Board, Standard Savings and Loan Association, Houston, March 7, 1969. Jorden, Raymon, Attorney-at-Law, Houston, March 7, 1969. Kirven, Joe, President, Dallas Negro Chamber of Commerce, Dallas, April 5, 1969. Lawrence, Fred, Administrator, Small Business Administration, Dallas, April 4, 1969. Reagan, Dr. Sydney C., Professor of Urban Studies, Southern Methodist University, Dallas, April 3, 1969. Wesley, Mrs. Carter, Publisher, The Informer Newapaper, Housron. March 7, 1969. 
11 Fred Lawrence, interview, Dallas, Texas, April 4, 1969. 
" "Negro-Owned Businesses .Get Loans from SBA," San Antonio E•· press News, February 16, 1969, p. 10-H. 
TEXAS BUSINESS REVIEW 



Francis B. May 


CONSTRUCTION IN TEXAS MAY 1969 
TOTAL BUILDING AUTHORIZED IN TEXAS* 

drop, residential permits authorized were 4 percent above the May 1968 total. They w€l'e 26 percent below the De­cember 1968 peak of 207.6 percent. 
This situation forces speculation as to its similarities to the credit stringency of HJ66, when the index of value of urban residential building permits issued sank from a high of 129.2 percent in November 1965 to a low of 
64.0 percent in September 1966, a drop of slightly more than 50 percent in this important segment of total con­struction acti\'ity. In October 1966 the index began a slow rise a$ credit became more a,·ailable, but it was not until ;\fay 1067 that the index reached a ,-alue compara­ble with its prerecession peak. The recession induced in the state's residential construction industry lasted twenty­one months and pre\'ented thousands of families from acquiring homes. If history repeats itself, our current re­cession has yet to touch bottom and can be expected to 
3>0 
300 250 
J 

200 
..J 
'Y
I 



"' IN'
I •

... 
.Ml 
.All/ 
Vll •
. 
A 
/\.A 
y 
IV'
. I/Y i..llU " n. l.NI/ ,,. " 

100 
~""'V
"­
1956 19.Sl 1951 1959 1960 1961 196 2 1963 196' 1965 1966 1967 1968 1969 
Inde• AdJutred for S t>a.son•/ V• t1at1on-19S7-1959 •JOO 

last for se\'eral more months. 350 The total Yalue of urban residential construction au­300 thorized in Texas during the first fo·e months of this year 
,,. 

ESTIMATED VAL'(;'ES OF BUILDING AUTHORIZED JN TEXAS 
200 
Percent change 

150 Jan-May Jan-May 1969 100 May 1969 1969 May 1969 from from Jan-May Classification (thousands of dollars) Apr 1969 1968
,. 

ALL PERMITS .211 ,711 1,029,734 20 New construction .. 193,150 928,451 20 
• £:cc:lud e1 1ddit1.on1, alteu.u on1, arid repatr1. Residential 
NOTE: Shaded are•• indiute periods o! decline of to u.I busine11 activity in the Un1U:d Su.tu. 

RESIDENTIAL BUILDING AUTHORIZED IN TEXAS* 
/nde1 Ad)u1red for Season•I Vanat1on -1957-1959•100 
350

no 
JOO 250 200 150 
100 
50 

300 
,,. 
200 
150 
100 
,. 
1956 1957 1951 19.st 1960 1961 1962 1963 196' 1965 1966 1967 1968 1969 
• Excludes addinon1, •lterationa, and re pair•. NOTE: Shaded ar f'IS ind icate period• of decline o! 10111 btuine1u1 activi1y in the United States. 

NONRESIDENTIAL BUILDING AUTHORIZED IN TEXAS* 
'50 
... 

''° 
JOO 250 
•oo 
ISO 
100 
so 

NOTE: Sb.ad.d area• indicuc period• o( decline o! to tal buune•• ac:tiv1ty in the United State•. 

JULY 1969 
AOO 
350 300 250 200 150 100 
,. 
(housekeeping) 94,554 One-family dwellings 50,184 

Multiple-family  
dwellings  44,370  
Nonresidential  
buildings  98,596  
Hotels,  motels,  and  
tourist  courts  1,596  
Amusement buildings  1,556  
Churches  4,886  
Industrial  buildings .  9,800  
Garages  (commercial  
and  private)  462.  
Service  stations  1,524  
Hospitals and  
institutions  3,565  
Office-bank  buildings  7,420  
Works  and  utilities .  9,646  
Educational buildings  34,723  

Stores and mercantile buildings 19,681 Other buildings and structures 3,737 Additions, alterations, and repairs 18,561 

METROPOLITANt vs. NONMETROPOLITANt 
Total metropolitan 194,094 Central cities 134,786 Outside central cities 59,308 
Total nonmetropolitan . 17,617 10,000 to 50,000 population 10,805 Less than 10,000 population 6,812 
512,063 -23 16 266,635 -12 -2 245,428 -33 43 
416,388 43 27 13,275 163 -41 9,907 7 34 
17.147 11 -1 47,318 -25 14 
8,484 -58 -15 8,394 -10 27 
28,903 -62 7 51,349 38 19,392 199 -31 99,077 285 33 
80,620 28 65 
32,522 39 326 
101,283 -21 15 
930,189 22 
.... ~,
654.947 17 
275,242 37 99,545 -21 59,860 -10 -1 39,685 -34 5 

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 Research in cooperation with the Bureau of the Census, U.S. Department of Commerce. 
was 16 percent above that of the January-May 1968 period. The effects of the recession do not make them­selves visible in this comparison because total value of residential permits rose rapidly during the last half of 1968 to a peak of 207.6 percent. The current decline is from a much higher level than the level reached by per­mits during the first five months of last year. Permits for one-family dwellings were the only category of residential building authorizations that were below the January­May 1968 value. The drop was 2 percent, conclusive­ly showing that it is the would-be individual homeowner who is the first to feel the effects of scarce credit. 
Urban permits for multiple-family dwellings in Jan­uary-May 1969 rose 4;~ percent above those issued during the like period of 1968. The value of permits for du­plexes was up 27 percent over that for the first five months of 1968. Permits for three-and four-family dwell­ings were up 5 percent. The value of permits for apart­ments was up 46 percent. Apartment builders are often among the last to feel the effects of tight credit. Several reasons explain this fact. One is that mortgage money for this kind of structure is often obtained from life-insur­ance companies and other kinds of noncommercial bank­ing institutions which are not as much affected by fed­eral tight-money policies as the commercial banks are. After a prolonged period of tight money these institu­tions will become r elatively short of funds. Life-insurance companies in particular may be short of money if large numbers of policyholders borrow against their policy re­serves to take advantage of the lower interest rate. This 
usually happens in the last stages of a protracted period 

of tight money. 
A second reason why apartment building is less quickly affected is that the lead time for financing these projects is a year or more. The evidence provided by the amount of net borrowed reserves of member banks of the Fed­eral Reserve System shows that the real pinch began in the last quarter of 1968. By the end of this year in­surance companies may be short of lendable funds because of policyholder borrowing against their policy reserves. 
A third reason why apartment projects may be able to find mortgage money after other residential builders have been shut out of the market is that they can offer special inducements to the lender, such as a partial in­terest in the revenues of the project. 
Several Texas cities had their residential-construction authorizations boosted in May by large permits for apart­ment complexes. One project in Pasadena for a 308-unit complex required a permit for $2,850,000. Houston had three large projects. One 310-unit complex resulted in a $1,495,000 permit. Two 203-unit complexes required per­mits for $1,408,000 and $1,456,320 respectively. Dallas had four projects. The largest, for 304 units, required a $2,100,000 permit. The other three ranged in size from 250 units and a $1,288,000 permit, to 199 units with a large permit of $2,225,000. Austin issued two large per­mits: one for a $2,500,000 complex containing 150 units; the second for a 136-unit complex requiring $1,300,000. 
Nonresidential construction in the state has not been 
as pinched by the credit shortage as has residential con­
struction. This type of structure is financed in a manner 
which, for commercial buildings, is analogous to apart­
ment financing. That is, insurance companies and non­
commercial-bank types of lenders are important in this 

NONFARM BUILDING Al:THORIZED IN STANDARD METROPOLITAN STATISTICAL AREAS# MAY 1969 
New dwelling units 

Percent change Total construction':' New nonresidential construction 
Jan-May 1969 May Jan-May Percent May Jan-May Percent May Jan-May from 1969 1969 change 1969 1969 change 1969 1969 Jan-May 1968 
---Jan-May 1969 ---Jan-May 1969--­Standard metropolitan Value Value from Value Value from Value Value Number statistical area in dollars in dollars Jan-May 1968 in dollars in dollars Jan-May 1968 in dollars Number in dollars Number Value of units 
Abilene 1,288,642 6,252,164 44 1,088,065 4,708,548 30 129,592 5 1,284,592 86 141 291 Amarillo 5,082,970 14,909,153 45 4,018,470 10,284,920 115 811,500 26 3,539,500 130 -27 -47 Austin 14,189,043 77,267 ,390 54 4,562,543 21.699,112 27 8,959,000 570 53,101,000 3,748 77 83 Beaumont-Port Arthur-
Orange 2,921,149 13,774,599 18 1,939,588 5,587,721 12 671,526 32 6,920,526 581 29 52 Brownsville-Harlingen-San Benito 829,913 6,584,012 18 476,663 2,313,196 -25 239,000 24 3,773,000 317 168 47 
Corpus Christi 4,030,793 14,633,094 -31 1,852,242 5,387 ,277 -17 I,758,237 243 6,653,237 659 -46 -46 Dallas ..74,416,006 266,101,630 43 41,335,399 121,874,506 119 28,831,923 2,894 122,283,923 11,899 9 Ei Paso 19
9,541,504 43,143,348 39 6,678,015 20,412,280 119 2,251,145 164 20,019,145 1,688 
Fort Worth 16

16,866,470 	98,806,044 29 6,350,364 35,677,416 62 9,311,186 943 54,044,186 5,551 11 22,087,308 154 3,973,209 16,218,518 438 370,675 27 3,922,675 408 -14
Galveston-Texas City 4,518,944 	-10 
Houston .34,933,483 229,281,148 8,870,702 72,479,752 -25 19,820,754 2,255 120,157,754 14,052 46 77 
Laredo 208,850 1,887,710 68 106,400 1,258,850 117 90,350 17 555,350 77 14 24 
Lubbock 5

2,631,326 14,458,031 50 1,437,881 8,273,698 117 1,096,050 43 5,472,050 256 10 ­McAiien-Pharr-Edinburg 890,849 -64
8,231,469 -5 282,900 4,688,416 9 358,000 32 2,501,000 235 -25 Midland 548,965 3,097,796 -30 70,490 1,424,271 219 366,500 45 1,244,500 77 -62 -55 Odessa 193,558 4,706,866 84 30,695 3,492,190 325 101,000 763,000 36 -42 -60 
San Angelo 

816,743 2,550,122 -53 191,173 566,943 -83 616,535 55 l,700,535 137 6 
San Antonio 

5,318,397 42,008,113 -39 2,212,148 14,240,632 -51 2,013,190 158 21,741,190 2,276 -35 -45 Sherman-Denison 53
616,535 4,899,801 49 276,001 1,318,972 15 320,950 20 3,297,950 238 69 Texarkana 598,408 15 
3,630,926 -3 4ii5,500 1,767,584 -21 102,700 12 1,708,700 216 29 
Tyler 46

605,078 5,790,826 93 0 2,457,546 252 496,306 20 2,887,306 160 42 
Waco 

1,753,971 8,552,138 14 925,36ii 4,089,909 27 419,600 22 3,078,&00 221 •• -12 Wichita Falls 1,841,408 8,374,200 40 1,509,318 5,661,434 65 255,676 16 1,927,676 140 30 56 
# Metropolitan areas are listed in accordance with 1968 Bureau of the Census definition. This table includes only the cities reporting in metropolitan areas. 
~' Includes additions, alterations, and repairs. 
TEXAS 	BUSINESS REVIEW 

area. Public construction, such as schools, which are built with the proceeds of bond issues, are affected by the vagaries of the market for bonds for local govern­ment units. Inflation has had the effect of making in­vestments in bonds less attractive, thus hampering the efforts of local government units to build needed public facilities. Permits for public works and utilities for January-May of this year are 31 percent below the level for the comparable 1968 period. Permits for educational buildings are 33 percent above those for J anuary-:llay 1968. Evidently the aYailable funds are being channeled 
into inYestment in school buildings. 
Seasonally adjusted :llay nonresidential urban building 
permits were up 44 percent. This sizable increase was 
due in large part to a number of pem1its for $1,000,000 
or more. 
The total value of metropolitan building permits rose 
22 percent during the January-:\Iay period over the total 
for the like 1968 period. The rnlume of permits outside the central cities of metropolitan areas rose faster than in the central cities <luring the first fiye months. Central­city volume rose 17 percent, hut volume outside the cen­tral cities rose 37 percent. Nonmf'tropolitan pennits for January-:\lay were up on!~· OIH' percent o\·er similar per­mits <luring the first fiye months of 1968. 
Nationally building permits declined 10 perc('nt in '.\fay. Housing starts, \\·hich lag behind permits issued by one month for single-family homes to se\·eral months for large projects, dropped 3 percent in '.\fay. The decline in starts i~ Pxpecte<l to continue into the latter part of the year. 
It is generally expected that tight money will continue through the latter part of this year. This shortage will continue to restrict the total value of residential permits issued in Texas. Nonresidential permits should decline also, although not as steep!~· as residential. The next few months do not look like hoom times for construction in Texas. 
O:-<E-FAMILY, TWO-FAMILY, AND APARTMENT-Bt:ILDING DWELLING L'NITS IN STANDARD METROPOLITAN STATISTICAL AREAS 
MAY 1969t 
(Value in thousands of dollars) 

ONE-FAMILY DWELLING UNITS  TWO-FAMILY DWELLING UNITS  APARTMENT DWELLING UNITS  
May 1969  Jan-May 1969  Percent change Jan-May 1969 from Jan-May 1968  May 1969  Jan-May 1969  Percent change Jan-May 1969 from Jan-May 1968  May 1969  Jan-May 1969  Percent change Jan-May 1969 from Jan-May 1968  
Standard met ropolitan statistical area Value  No. of units  No. of Value units  Value  No. of units  No. of Value units  No. of Value units Value  No. of units  Value  No. of units Value  No. of units  Value  No. of units  

Abilene  130  750  31  41  41  0  28  0  507  51  
Amarillo  812  26  3,530  128  - 13  - 20  10  2  - 33  ••  0  0  -100  -100  
Austin  4,335  177  20,245  880  16  14  252  16  2,167  162  - 17  - 9  4,372  377  30,689  2,706  210  148  
Beaumont-Port Arthur- 
Orange  672  32  4,359  238  0  84  6  27  -40  2,478  337  116  170  
Brownsville-Harlingen-San Benito  239  24  835  93  - 11  - 18  0  0  12  2  0  2,926  U2  516  118  
Corpus Christi Dallas El Paso Fort Worth  784 .....13,035 1,771 4,697  54 803 107 286  4,864 68,562 12,376 26,046  348 3,973 747 1,563  - 24 4 6 6  --- 28 •• 1 11  0 134 179 153  0 8 14 18  39 3,168 461 1,125  4 234 42 104  -20 20 149 78  -50 15 163 49  974 15,663 301 4,462  189 2,083 43 639  1.750 50.554 7,182 26,874  307 7,692 899 3,884  - 70 15 30 32  -57 40 32  
Galveston-Texas City Houston Laredo Lubbock  352 7,453 90 1,096  21 349 17 43  1,784 40,897 555 5,098  105 1,961 77 208  -- 35 10 14 14  -- 35 21 24  81 0 0  10 0 0  26 484 0 276  60 0 30  -49 185  -52 150  17 12,287 0  4 1,896 0  2,113 78,777 0 98  299 12,031 0 18  17 116 -75  2 126 -69  
McAllen-Pharr-Edinburg Midland Odessa San Angelo San Antonio Sherman-Denison Texarkana Tyler Waco Wichita Falls  322 167 101 225 1,972 294 103 496 410 256  28 6 5 15 154 18 12 20 20 16  2,311 985 653 1,274 12,010 2,672 350 2,262 2,157 l,olO  209 36 28 87 1,001 156 42 106 95 87  ------ 27 66 42 15 4 65 50 28 10 3  ------- 66 69 47 13 17 47 41 29 6 1  0 0 0 0 27 0 0 10 0  0 0 0 0 0 2 0 0  0 60 110 35 181 120 0 222 0  0 2 8 10 22 10 0 18  -100 -20 289 -76 118 -100 2,367 -100  -100 '''" 400 -83 67 -100 800 -100  36 200 0 392 41 0 0 0  4 39 40 4 0 0 0 0  190 200 392 9,550 506 1,359 625 700 418  26 39 40 1,253 72 174 54 108 53  65 -35 -100 288 -52 78 117 525 -37  53 -26 -100 67 -55 64 49 200 -27  
TOTAL METROPOLI­TAN AREAS .. 39,810  2,238  216,083  12,199  - 11  837  72  8,607  724  - 9  38,745  5,318  217,888  30,265  46  38  
OUTSIDE METlW-POLITAN AREAS 6,153  383  33,134  2,082  4  - fi  288  36  1,209  186  21  2,306  277  12,108  1,814  105  96  
TOTAL FOR STATE  45,963  2,621  249,214  14,281  3  - 11  108  9,816  910  - 4  41,051  5,595  229,996  32,079  48  40  

t Metropolitan areas are listed in accordance with 1968 Bureau of the Census definition. This table includes only the cities reporting in metropolitan areas. 
•• Change is less than one half of 1 percent. 
.JULY 1969 


LOCAL BUSINESS CONDITIONS 


Statistical data compiled by: Mildred Anderson, Constance Cooleclge, Judith Moran, and Glenda Riley, statistical assist­ants and Doris Dismuke and Ma1·y Gorham, statistical technicians. 
ALPHABETICAL LISTING OF CITIES INCLUDED IN JULY 1969 ISSUE OF 
TEXAS BUSINESS REVIEW 
Abilene {Abilene SMSA) Bonham Corpus Christi (Corpus Christi SMSA)
Alamo {McAllen-Pharr-Edinburg SMSA) Borger CorsicanaAlbany Brady 
Crane
Alice 

Brenham Crystal City
Alpine 

Brownfield Dallas (Dallas SMSA)Amarillo {Amarillo SMSA) Brownsville (Brownsville·Harlingen·San Benito Dayton (Houston SMSA)

Andrews 

SMSA) Decatur 
Angleton (Houston SMSA) Brownwood 
Deer Park (Houston SMSA)Aransas Pass (Corpus Christi SMSA) 

Bryan Del RioArlington (Fort Worth SMSA) Burkburnett (Wichita Falls SMSA) Denison (Sherman-Denison SMSA)
Athens 

Caldwell Denton (Dallas SMSA)Austin {Austin SMSA) Cameron Dickinson (Galveston-Texas City SMSA)
Bartlett 

Canyon (Amarillo SMSA) Dimmitt
Bay City Carrollton (Dallas SMSA) Donna (McAllen-Pharr-Edinburg SMSA)Baytown (Houston SMSA) 

Castroville Eagle Lake 
~=:~i';;~nt (Beaumont-Port Arthur-Oranl:'e SMSA) Cisco Eagle Pass 
Cleburne (Fort Worth SMSA) Edinburg (McAllen-Pharr-Edinburg SMSA)

Bellaire (Houston SMSA) 

Clute (Houston SMSA) Edna
Bellville 

College Station El Campo
Belton Colorado City El Paso (El Paso SMSA)Big Spring Conroe (Houston SMSA) Elsa (MrAllen-Pharr-Edinburg SMSA)Bishop {Corpus Christi SMSA) 

Copperas Cove Ennis (Dallas SMSA) 
TEXAS BUSINESS REVIEW 

Jn<licatol's of business conditions in Texas cities pub­lished in this table include statistics on banking, building permits, employment, postal receipts, and retail t!'ade. 
An  individual  1:ity  is  listed  when  a  minimum  of  thre,•  
in<licators al'e avail able.  
The  cities  have  been  gl'ouped  according  to  standard  

metropolitan statistical areas. Iu Texas all t\\'enty-three SMSA's are defined by county lines; the counties included are listed under each SMSA. The populations sho\\'n for the SMSA's are estimates for Apl'il 1, 1968, prepared by the Population Research Center, Depal'tment of Sociology, The University of Texas at Austin. The population sho\\'n after the city name is the 1960 Census figure, unless otherwise indicated. Cities in S'.\1SA's are listed alpha­
betically under their apprnpriate SMSA's; all other cities are listed alphabetically as main entries. 
Retail-sales data al'e l'eported here only when a mini­mum total of fifteen stol'es 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 fol' the val'ious 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 case of Dallas, Fort Worth, Houston, and San Antonio, \Yhere the daggc1· (-j-) is replaced hy another symbol (-i--f) because of the normal seasonal changes given are for each of these cities individually. The second column sho\\'s the pe!'cent change from the p!'ece<ling 
month in data reported fo1· the cunent month; the third column shows the percent change in data from th<> same month a year ago. A lal'ge variation between the normal seasonal change and thP reported change indi­cates an abnormal sales month. 
Symbols used in this table include: 

(a) 
Population Resea!'ch Center data, April 1, 1968. 


(b) 
Separate employment data fol' the Midland and Odessa SMSA's a!'e not available, since employment figures for :\lidlaml and Ector Counties, composing one labor­market area, are recorded in combined form. · 


(<:) Separate employment data for Gladewatel', Kilgore, and Longview are not available, since employment figures for Gregg County, composing one labor-market area, are recol'ded in total. 
(t) Average statewide pel'cent change from preceding month. 
(tt) Average indivi<lual-city percent change from pre­ceding month. 
(r) 
Estimates officially recognized by Texas Highway Depal'tment. 

(n) 
Estimate for Pleasanton: combination of 1960 Census figul'es for Pleasanton and Nol'th Pleasanton. ("') Cash received during the four-week postal account­ing period ended May 30, 1969. <:n Money on deposit in individual demand deposit accounts on the last day of the month. 


(§) Since Population Centel' data for Texarkana in­clude no inhabitants of Arkansas, the data given here are 

those  of  the  Bureau  of  the  Census,  which  include the  
population  of  both  Bowie  County,  Texas,  an<l  Miller  
County, Arkansas.  

("" ) Change is less than one half of 1 percent. ( ! i) Annual !'ate basis, seasonally adjusted. ( #) '.\1onthly averages. 
(X) Shel'man-Denison SMSA : a new standard metro­politan statistical area, for which not all categories of data are now available. 

ALPHABETICAL LISTING OF CITIES INCLUDED IN JULY 1969 ISSUE OF 
TEXAS BUSINESS REVIEW (continued) 
Euless (Fort Worth SMSA) Farmers Branch (Dallas SMSA) Fort Stockton Fort Worth (Fort Worth SMSA) Fredericksburg Freeport (Houston SMSA) Friona Galveston (Galveston-Texas City SMSA) Garland (Dallas SMSA) Gatesville Georgetown Giddings Gladewater Goldthwaite Grahal!I Granberry Grand Prairie (Dallas SMSA) Grapevine (Fort Worth SMSA) Greenville Groves (Beaumont-Port Arthur-Orange SMSA) 
Hallettsville Hallsville Harlingen (Brownsville-Harlingen-San Benito 
SMSA) 
Haskell 
Henderson 
Hereford 
Hondo 
Houston (Houston SMSA) 
Humble (Houston SMSA) 
Huntsville 
Iowa Park (Wichita Falls SMSA) 
Jacksonville 
Jasper 
Junction 
Justin (Dallas SMSA) 
Katy (Houston SMSA) 
Kilgore 
Killeen 
Kingsland 
Kingsville 
Kirbyville 
La Feria (Brownsville-Harlingen-San Benito 

SMSA) 
La Marque (Galveston-Texas City SMSA) 
Lamesa 
Lampasas 
Lancaster (Dallas SMSA) 
La Porte (Houston SMSA) 

Laredo (Laredo SMSA) Levelland Liberty (Houston SMSA) Littlefield Llano Lockhart Longview 
Los Fresnos (Brownsville-Harlingen-San Benito 
SMSA) Lubbock (Lubbock SMSA) Lufkin McAllen (McAllen-Pharr-Edinburg SMSA) McCamey McGregor (Waco SMSA) McKinney (Dallas SMSA) Marble Falls Marshall Mercedes (McAllen-Pharr-Edinburg SMSA) Mesquite (Dallas SMSA) Mexia Midland (Midland SMSA) Mi~lothian (Dallas SMSA) Mineral Wells Mission (McAllen-Pharr-Edinburg SMSA) Monahans Mount Pleasant Muenster Muleshoe Nacogdoches Nederland (Beaumont-Port Arthur-Orange SMSA) New Braunfels North Richland HiJls (Fort Worth SMSA) Odessa (Odessa SMSA) Olney 
Orange (Beaumont-Port Arthur-Orange SMSA) 
Palestine 

Pampa 

Paris 
Pasadena (Houston SMSA) 
Pearland (Houston SMSA) 
Pecos 
Pharr <McAllen-Pharr-Edinburg SMSA) 
Pilot Point (Dallas SMSA) 
Plainview 
Pleasanton 
Port Aransas 
Port Arthur (Beaumont-Port Arthur-Orange 

SMSA) 
Port Isabel (Brownsville-Harlingen-San Benito SMSA) 
Quanah 
Raymondville 
Refugio 
Richardson (Dallas SMSA) 
Richmond (Houston SMSA) 
Robstown (Corpus Christi SMSA) 
Rockdale 
Rosenberg (Houston SMSA) 
San Angelo (San Angelo SMSA) 
San Antonio (San Antonio SMSA) 
San Benito (Brownsville·Harlingen·San Benito SMSA) San Juan (McAllen-Pharr-Edinburg SMSA) San Marcos San Saba Schertz (San Antonio SMSA) Seagoville (Dallas SMSA) Seguin (San Antonio SMSA) Sherman (Sherman-Denison SMSA) Silsbee Sinton (Corpus Christi SMSA) Slaton (Lubbock SMSA) Smithville Snyder Sonora South Houston (Houston SMSA) Stephenville !Stratford Sulphur Springs Sweetwater Tahoka Taylor Temple Terrell (Dallas SMSA) Texarkana (Texarkana SMSA) Texas City (Galveston-Texas City SMSA) Tomball (Houston SMSA) Tyler (Tyler SMSA) UYalde Vernon Victoria Waco (Waco SMSA) Waxahachie (Dallas SMSA) Weatherford Weslaco (McAllen-Pharr-Edinburi< RMSA) 
White Settlement (Fort Worth SMSA) 
Wichita Falls (Wichita Falls SMSA) 

ALPHABETICAL LISTING OF SMSA'S AND CITIES 
WITHIN EACH SMSA, WITH DATA 

Percent change Percent change
Local Business Conditions Local Business Conditions 
May 1969 May 196!1 May 1969 May 196n May from from May from from City and item 1969 Apr 196n May 1968 City a nd item 196n Apr 1969 May 1968 
ABILENE SMSA AMARILLO SMSA 
(Jones and Taylor; pop. 120,100 •) (Potter and Randall; pop. 177,100 ') 

Retail sales . . 10 3 Retail sales -9 
Automotive stores 11 Automotive stores -12 Building permits less federal contracts S 1,288,642 269 -39 'Building permi'ts less federal contracts 5,082,970 149 Bank debits (thousands) 11 -S 1,979,460 3 10 Bank debits (thousands) II 5,271,504 10 End-of-month deposits (thousands) t. S 98,938 4 4 End-of-month deposits (thousands) t 149,502 9 Annual rate of deposit turnover . 19.6 3 3 Annual rate of deposit turnover .. 35.2 Nonfarm employment (area) . 40,100 Nonfarm employment (area) . 60,800
(: :~ 

Manufacturing employment (area) 4,910 I 7 Manufacturing employment (area) 5,980 -14 Percent unemployed (area) . 2.;J 9 14 Percent unemployed (area) . 3.9 3 34 
ABILENE (pop. 110,054 ') AMARILLO (pop. 165,750 ')
Retail sales 4t 10 Automotive stores 31" 11 6 Retail sales 4t -9 
Automotive stores at -12Postal receipts" $ 145,654 -2 7 Postal receipts" S 336,989 9Building permits less federal contracts S l,283,242 313 -38 Buildin g permits less federal contracts S 5,021, l 70 156Bank debits (thousands) . S 142,574 1 11 Bank debits (thousands) . S 417,529 2 9End-of-month deposits (thousands) t. S 73,313 7 

F:nd-of-month deposits (thousands) t S 132,125 10 Annual rate of deposit turnover . 36.9 For an explanation of symbols see J>. 202. 
Annual rate of deposit turnover 22.6 
JULY 1969 203 
Percent change Local Business Conditions Percent changeLocal Business Conditions 
May 1969 May 1969 M.a.y 1969 May 1969 May from from May from from City and item May 1968
1969 Apr 1969 May 1968 City and item 1969 Apr 1969 
Nederland (pop. 15,274 ')Canyon (pop. 9,296 ') 

Postal receipts0 $ 16,244
Postal receiptsi::. 15,312 65 81 -20 26 
Building permi'ts less federal contracts 61,800 7 19 6 22

Bank debits (thousands) . . $ 9,300 
End-of-month deposits (thousands>+. $ 6,025
Bank debits (thousands) . 9,189 22 12 7 
7,338 4 9 Annual rate of deposit turnover. 17.8
End-of-month deposits (thousands) t. $ 12 
Annual rate of deposit turnover. 15.3 -21 8 ORANGE (pop. 25,605) Postal receipts• $ 36,124 -2
AUSTIN SMSA 

'Building permi'ts less federal contracts $ 804.6!\0 101
(Travis; pop. 263,800 ") 595 
Bank debits (thousands) . $ 42,420 Retail sales 9 End-of-month deposits (thousands)+ $ 25,925 4 -2 Apparel stores 3 Annual rate of deposit turnover. 19.2 3 7 Furniture and household­Nonfarm placements 176 33 -10 appliance stores General-merchandise stores 
PORT ARTHUR (pop. 69,271 ')
Iluilding permits less federal contracts ~14,189,043 -32 38 
Postal receipts" $ 75,395 23 -6Bank debits (thousands) II $ 9,281,760 2 60 Building permits less federal contracts $ 985,312 126 382End-of-month deposits (thousands) t. 288,725 3 20 Bank debits (thousands) . $ 89,457 8
Annual rate of deposit turnover . 31.6 34 
End-of-month deposits (thousands) t. $ 50,156 ¢¢ Nonfarm employment (area) 121,600 7 Annual rate of deposit turnover. 21.4 ••
Manufacturing employment (area) 10,250 3 8 Percent unemployed (area) . 1.6 23 11 BROWNSVILLE-HARLINGEN-SAN BENITO SMSA 
AUSTIN (pop. 250,000 ')  (Cameron; pop. 134,900 ')  
Retail  sales  4t  6  Retail  sales  10  
Apparel  stores  11 t  3  Automotive  stores  
Furniture and household­ Lumber, building-material,  
appliance  stores  -lit  and  hardware dealers .  22  8  
General-merchandise  stores  st  puilding permits less federal contracts $  829,913  -23  
Postal  receipts~'  814,876  13  4  Bank  debits  (thousands) II  S 1,636,692  
Building permits less federal contracts Sl4,189,043  32  38  Encl-of-month deposits  (thousands) t . $  71,713  
Bank  debits  (thousands) .  $ 912,709  22  60  Annual  rate  of deposit  turnover.  22.7  
End-of-month deposits (thousands) :j: .  276,021  11  20  Nonfarm  employment  (area) .  38,800  
Annual  rate  of deposit  turnover .  37.3  26  35  Manufacturing employment  (area)  5,620  -14  
Percent unemployed  (area) .  6.9  11  11  
BEAUMONT-PORT ARTHUR-ORANGE SMSA  
(Jefferson and Orange; pop. 320,500 ") Retail sales Apparel stores Automotive stores l"urniture and household­app1iance stores General-merchandise :;tores 12· 4 14 25 13  3 7 2  BROWNSVILLE (pop. 48,040) Postal receipts>:< Building permits less federal contracts Bank debits (thousands) . End-of-month deposits (thousands) t Annual rate of deposit turnover . Nonfarm placements $ $ $ s 47,622 644,198 47,994 27,147 20.9 659  2 3 31  .. 173 -14  
Lumber, building-material, and hardware dealers .  8  13  HARLINGEN (pop. 41,207)  
Building permits less federal contracts  $ 2,921,149  14  19  Postal  receipts*  $ 48,619  - 3  
Bank  debits  (thousands) 11  6,122,268  7  Building permits less federal contracts $  167,190  -28  -76  
End-of-month deposits (thousands)+ Annual rate of deposit turnover .  233,665 26.1  Bank debits (thousands) . End-of-month deposits (thousands) t  $ $ 54,213 24,993  -- 4 6  - 10 7  
Nonfarm  employment  (area)  118,200  2  2  Annual  rate  of deposit  turnover .  25.3  **  18  
Manufacturing employment  (area)  36,000  3  Nonfarm placements  419  - 22  -38  
Percent unemployed  (area) .  2.8  - 15  36  
La Feria (pop. 3,740 ')  
BEAUMONT (pop. 127,500 ') Retail sales Automotive stores Postal receipts':'  4t 31" 181.669  10 9  2  Postal receipts''' Bank debits (thousands) . End-of-month deposits (thousands)t . Annual rate of deposit turnover .  $ $ $ 2,786 3,136 1.861 20.5  3 6  39 •• 41  
"Building permi"ts less federal contracts  872,929  55  -46  
lfank debits (thousands) End-of-month deposits (thousands) t.  348,981 127,023  2 5  7 7  Los Fresnos (pop. 1,289) Postal receipts"  $ l,577  -14  JO  
Annual rate of deposit turnover . Groves (pop. 17,304)  32.1  Bank debits (thousands) . End-of-month deposits (thousands)+ . Annual rate of deposit turnover.  $ $ 1,634 1,174 15.8  -10 14  -23 28  
Postal receipts* S Building permits less federal contracts Bank debits (thousands) . End-of-month deposits (thousands)+ . Annual rate of deposit turnover.  15,209 108,680 9,609 6,185 18.6  21 -63 -25 -26  16 47 18 11 26  P01·t Isabel (pop. 3,575) Postal receipts* Bank debits (thousands) . End-of-month deposits (thousands) t. Annual rate of deposit turnover.  $ $ $ 3,302 3,527 l,680 24.0  -- 1 19 9 24  21 30 -18 69  

For an explanation of symbols see p. 202. 
TEXAS BUSINESS REVIEW 
Percent change

Local Business Conditions 
May 1969 May 1969 May from from City and itP.m 1969 Apr 1969 May 1968 

SAN BENITO (pop. 16,420 ') Postal receipts* $ 9,228 8 8 Building permits less federal contracts s 18,525 43 Bank debits (thousands) . $ 7,488 *~' 9 End-of-month deposits (thousands) t. $ 6,159 -11 Annual rate of deposit turnover 14.0 20 
CORPUS CHRISTI SMSA (Nueces and San Patricio; pop. 279,700 ') Retail sales -1 7 Automotive stores -4 9 GeneraJ.merchandise stores •• Building permits less federal contracts s 4,030,793 55 11 Bank debits (thousands) II. s 4,866,804 6 7 End-of-month deposits (thousands)+ s 205,873 Annual rate of deposit turnover . 23.8 6 l Nonfarm employment (area) . 89,700 3 Manufacturing employment (area) 11.060 3 Percent unemployed (area) . 3.5 9 3 
Aransas Pass (pop. 6,956)  
Postal  receipts0  . . . . . . . . . . . . . . . . . .  $  6,176  - 14  19  
Building permits less federal contracts s  48,035  - 7  - 81  
Bank  debits  (thousands) ...  s  7,791  - 11  22  
End-of-month deposits  (thousands) +.  $  7,297  - 2  37  
Annual  rate  of deposit  turnover .  12.7  - 14  - 13  

Percent change

Local Business Conditions 
May 1969 May 1969 May from from City and item 19S9 Apr 1969 May 1968 
DALLAS S:\ISA 
(Collin, Dallas, Denton, Ellis, Kaufman 
and Rockwall; pop. 1,446,100 ') 


Retail sales Apparel stores 
Automotive  stores  
Drugstores  ................. .. . .  
Florists  

Food stores 
Furniture and household­

appliance stores Gasoline and service stations .. Lumber, building-ma.terial, 
and hardware dealers . Office, store, and school-

supply dealers Building permits less federa.l contracts $74,416,006 Bank debits (thousands) II ........$100,800,840 End-of-month deposits (thousands) t S 2,133,324 Annual rate of deposit turnover. 47.5 Nonfarm employment (area). 664,100 
Manufacturing employment (a.real 167,900 Percent unemployed (area) 1.5 
2 2 3 8 16  7 ** 13 3  
33 14  
7  
16 67 9 1 8  45 81 20 13 7  
15  


Carrollton (pop. 9,832 ')  
Postal  receipts•  S  31.200  - 25  - 4  
Building permi"ts less federa.l contracts  S  400,52.0  42  - 87  
Bank  debits  (thousands) .  $  10,248  - 1  - 10  
End-of-month deposits (thousands) t  $  6,139  22  
Annual  rate  of deposit  turnover .  20.1  - 27  

Bishop (pop. 4,180 ')  
Postal  receipts>)  $  5,271  23  35  
Building permfts less federal contracts s  0  
Bank  debits  (thousands) ..  s  2,488  2  11  
End-of-month deposits (thousands) +.  s  2,287  9  2  
Annual rate of deposit turnover .  12.4  8  

CORPUS CHRISTI (pop. 204,850 ')  
Retail  sales  4t  - 3  6  
Automotive  stores  ..........  3t  - 6  8  
Postal  receipts¢  s  273,557  - 10  4  
Building permits less federal contracts $ 3,646,470  8&  21  
Bank  debits  (thousands) .  $ 346,215  4  5  
End-of-month deposits  (thousands) t  $ 149,558  2  3  
Annual  rate of deposit  turnover .  27.5  7  
Port Aransas (pop. 824)  
Bank  debits  (thousands) .  l,030  - 10  2  
End-of-month deposits (thousands) t .  952  - 6  9  
Annual  rate  of deposit  turnover  12.6  - 11  3  
Robs~own (pop. 10,266)  
Postal  receipts0  $ 9,659  8  - 13  
Building permits less federal contracts $  99,211  235  27  
Bank  debits  (thousands) .  s  12,955  10  14  
End-of-month deposits (thousands) t . s  9,132  - 4  1  
Annual rate of deposit turnover .  16.7  11  14  

DALLAS (pop. 810,000 ')  
Reta.ii  sales  3  
.\pparel  stores  
Automotive  stores  6  
Florists  16  13  
Furniture and household­ 
appliance stores Gasoline and service  stations.  3  44 14  
Lumber, building-ma.terial, and hardware stores .  4t·j·  - 14  - 10  
Postal receipts* .Building permils less federal contracts Bank debits (thousands) . End-of-month deposits (thousands)+ Annual rate of deposit turnover .  4,491,446 $48.365,057 s 8,319,180 $ 1,789,398 56.0  - s 91 7 1 5  99 20 13 7  

Denton (pop. 26,844)  
Postal  receipts*  73,729  s  - 6  
Building permi'ts less federal contracts  1,131,390  - 22  110  
Bank  debits  (thousands)  50,747  9  25  
End-of-month deposits  (thousands) t  2.9,911  7  8  
Annual  rate  of deposit  turnover .  19.S  14  
Nonfarm placements  110  5  - 30  

Ennis (pop. 10,250 ') 
Postal receipts• Building permits less federal contracts Bank debits (thousands) . 
End-of-month deposits (thousa.nds) t Annual rate of deposit turnover. 
18,295 
71.295 8,560 8,95S 
11.7 
- 17  - 21  
- 37  315  
4  32  
4  17  
14  


Sinton (pop. 6,500 ')  
Postal  receipts¢  8,640  2  22  
Building permits less federa.l contracts s  2,250  - 88  - 99  
Bank  debits  (thousands) .  s  6,506  7  12  
End-of-month deposits (thousands)+  4,727  - 11  
Annual  rate  of deposit  turnover .  15.6  14  15  

Farmers Branch  (pop. 13,441)  
Building permits less federal contracts S 2,338,391  96  
Bank  debits  (thousands) . . .  $ 12,499  3  21  
F.nd-of-month deposits  (thousands) :t  6,872  2  30  
Annual  rate  of deposit  turnover .  21.6  3  - 7  


For an explanation of symbols see p. 202 . 
JULY 1969 
Percent change Local Business Conditions Percent change
Local Business Conditions 
l\fay 1969 May 1969 May 1969 May 1969 May from fr0m May from from
City and item 196!t Apr 1969

196!t Apr 1969 May 1968 	May 1968City and item 
Terrell (pop. 13,803)Garland (pop. 66,574 ') 
Postal receipts* 	13,224 3Retail sales Building permfts less federal contracts $ 136,800

Automotive stores st 4 -2 	-35 
$ 99,222 9 11 	Bank debits (thousands) . $ 15,055 4 21Postal receipts* 7 1 End-of-month deposits (thousands):): . $ 11,710 2
Building permits less federal contracts $ 2,096,017 12 Annual rate of deposit turnover . 15.3
Bank debits (thousands) . $ 59,244 4 3 End-of-month deposits (thousands):): . s 30,075 2 21 Annual rate of deposit turnover .. 23.9 7 -13 Waxahachie (pop. 15,720 ') 
Postal receipts'' $ 17,224 -2& -46 Building permfts less federal contracts $ 79,150 -96 -41
Grand Prairie (pop. 40,150 ') 
Bank debits (thousands) . $ 16,660 10

Postal receipts" 	$ 63,840 -11 End-of-month deposits (thousands):): . $ 11,699 8Building permits less federal contracts $ 1.653,701 -60 
Annual rate of deposit turnover . 16.4

Bank debits (thousands) . $ 33,857 22 44 
Nonfarm placements 	102 10

End-of-month deposits (thousands)+ $ 16,474 -9 5 Annual rate of deposit turnover . 23.5 24 32 EL PASO SMSA Justin (pop. 622) (El Paso; pop. 343,800 ') Postal receipts" $ 1,120 4 43 
Retail sales 	14 

Building permits less federal contracts $ 0 Apparel stores 
Bank debits (thousands) . $ 1,120 26 10 
Automotive stores End-of-month deposits (thousands):): . $ 937 -13 20 

Food stores 	1 -10 

Annual rate of deposit turnover . 13.3 30 -13 Building permits less federal contracts S 9,541,504 10 41 Bank debits (thousands) II. $ 5,895,144 9 11 
Lancaster (pop. 10,117 ') End-of-month deposits (thousands):): . $ 212,838 -4 5 Building permits less federal contracts $ 111,700 103 -39 Annual rate of deposit turnover . 27.2 -8 Bank debits (thousands) . . $ 8,843 8 10 Nonfarm employment (area). 114,800 5 End-of-month deposits (thousands)t . $ 5,013 -7 12 Manufacturing employment (area) 23,100 -1 13 Annual rate of deposit turnover . 20.4 121 -5 Percent unemployed (area) . 3.4 10 -15 
EL PASO (pop. 315,000 ')McKinney (pop. 16,237 ') 
Retail sales 	4 14

Postal receipts* 	$ 20,754 -4 
Apparel stores 	-11

Building permits less federal contracts $ 	196,725 -53 16 
Automotive stores 	3

Bank debits (thousands) . $ 10,972 -25 
Food stores 	-10End-of-month deposits (thousands):): $ 14,032 -3 7 

Postal receipts* 	$ 454,137 1

Annual rate of deposit turnover . 9.2: -21 -7 	" 
Building permits less federal contracts $ 9.537,004 10 141

Nonfarm placements 	151 30 -16 
Bank debits (thousands) . $ 537,479 11 End-of-month deposits (thousands):): $ 204,112 -11 Mesquite (pop. 51,496 ') 
Annual rate of deposit turnover . 29.8 6 
Postal receipts* $ 38,977 10 32 
Building permits less federal contracts $13,282,752• 890 
Bank debits (thousands). $ 21,921 7 34 

FORT WORTH SMSA 
End-of-month deposits (thousands):): . $ 10,854 8 (Johnson and Tarrant; pop. 629,400 ') 
Annual rate of deposit turnover. 24.6 24 

Retail sales Apparel stores 4 

Midlothian (pop. 1,521) Automotive stores 13 Building permits less federal contracts S 43,000 -1 -32 Eating and drinking places . 12 Bank debits (thousands) . $ 1,752 25 Gasoline and service stations . 2 4
-

End-of-month deposits (thousands):): $ 1,951 24 Lumber, building-material, 
Annual rate of deposit turnover. 10.7 -2 and hardware dealers. 

16 
Building permits less federal contracts $16,866,470 -20 -18 Bank debits (thousands) II $19,959,696

Pilot Point (pop. 1,603 ') 	13 
9End-of-month deposits (thousands):): . $ 591,749 -5Building permits less federal contracts $ 9,000 -40 -25 
Annual rate of deposit turnover . 32.8
Bank debits (thousands) . $ 2,674 17 37 
Nonfarm employment (area) . 283,500
End-of-month deposits (thousands):): . $ 2,149 -10 

9 Manufacturing employment (area) 89,700 -2
Annual rate of deposit turnover . 14.1 27 17 
Percent unemployed (area). 2.1 24 

Richardson (pop. 43,406 ') Arlington (pop. 79,713 ') Postal receipts(~ 17
$ 90,522 22 	Postal receipts"\ $ 172,087 Building permits less federal contracts S
Bank debits (thousands) $ 43,151 22 10 6,678,495 40 -9 End-of-month deposits (thousands):): s 22,922. 12 29 Bank debits (thousands) . . $ 106,286 6 29 
Annual rate of deposit turnover . 22.3 5 	End-of-month deposits (thousands):): $ 43,035 7 22 Annual rate of deposit turnover . 28.6 9 •• 
Seagoville (pop. 4,410 ') Postal receipts" $ 6,627 -45 -14 Cleburne (pop. 15,381) Building permfts less federal contracts $ 14,333 -94 21 Postal receipts* $ 30,479 13 24 Bank debits (thousands) . $ 6,985 -9 Building permits less federal contracts $ 133,975 -18 70 
22 End-of-month deposits (thousands):): $ 3,669 11 21 Bank debits (thousands) . $ 20,283 -10 18 
Annual rate of deposit turnover . 	End-of-month deposits (thousands):): . $ 17 ,366 -5 18
24.0 -8 11 -3
Annual rate of deposit turnover. 13.7 -11 For an explanation of symbols see p. 202. 
TEXAS BUSINESS REVIEW 

Local Business Conditions Percent change Local Business Conditions Percent change 
City and item  May 1969  May 1969 from Apr 1969  May 1969 from May 1968  City and item  May 1969  May 19&9 from Apr 1969  May 1969 from May 1968  
Euless (pop. 10,500 ') Postal receipts• $ Building permits less federal contracts $ ank debits (thousands) . $ End-of-month deposits (thousands)+ $ Annual rate of deposit turnover . 16,608 168,682 13,60S 4,89S 31.3  19 -79 12 12 19  17 -62 22 9 23  La Marque (pop. 13,969) Postal receipts'' $ Building permi"ts less federal contracts $ Bank debits (thousands) . S End-of-month deposits (thousands)+ $ Annual rate of deposit turnover . 14,660 38,940 14,874 9,297 18.9  9 S6 11 3 6  -13 -94 11 z  
FORT WORTH (pop. 356,268)  TEXAS CITY (pop. 38,276 ')  
Retail  sales  8tt  6  3  Postal  receipts*  $ 34,392  2  - 9  
Apparel  stores  4tt  6  Building permits less federal contracts $  l,021,32S  SS  188  
Automotive  stores  8tt  16  Bank  debits  (thousands) .  $  37,36&  7  
Lumber, building-material,  End-of-month deposits (thousands)+ .  $  1S,S7S  4  
and hardware stores .  stt  11  13  Annual rate of deposit turnover.  29.1  2  6  
Postal  receipts•  $  l.146,48S  8  
Building permits less federal contracts S Bank debits (thousands) . $ End-of-month deposits (thousands)+ S Annual rate of deposit turnover . 4,676,082 1,497,972 489,S08 3S.7  -Sl 1  31 12 8 3  HOUSTON SMSA (Brazoria, Fort Bend, Harris, Liberty, and Montgomery; pop. 1,836,700 ")  
Retail  sales  8  9  
Grapevine (pop. 4,659 ') Postal receipts* $ Building permits less federal contracts $ Bank debits (thousands) $ End-of-month deposits (thousands)+ . $ Annual rate of deposit turnover . 10,035 176,145 7,421 4,723 18.3  2 -73 20 19  10 -­74 46 17 23  Apparel stores Automotive stores Drugstores Eating and drinking places. Food stores Furniture and household-appliance stores  4 9 8 34  2 3 3 26 4  
North Richland Hills (pop. 8,662)  General-merchandise Liquor stores  stores  23 &  3 19  
Building permi"ts less federal contracts S  268,3SO  -78  47  Lumber, building-material,  
Dank  debits  (thousands) .  S  14,4S8  s  17  and hardware dealers.  8  
End-of-month deposits (thousands)+  $ 6,707  3  11  Building permi'ts less federal contracts $34,933,483  -3S  4  
Annual  rate  of deposit  turnover.  25.4  Bank  debits  (thousands) 11 .  $86,3SS,876  12  
End-of-month deposits (thousands)+ .  $ 2,369,49S  6  
White Settlement (pop. 11,513) Building permits less federal contracts $ Bank debits (thousands) . $ End-of-month deposits (thousands)+ $ 225,96S 9,S73 3,S32  93 11  42S 60 31  Annual rate of deposit turnover. Nonfarm employment (area). Manufacturing employment (area) Percent unemployed (area) .  36.S 800,600 139,900 2.4  2 ** 2 9  4 4 26  
Annual  rate  of deposit  turnover .  32.9  13  24  
Angleton (pop. 9,131)  
GALVESTON-TEXAS CITY SMSA (Galveston; pop. 168,600 •)  Postal receipts* $ :Building permits less federal contracts $ Bank debits (thousands) . 10,403 210,400 18,746  16 17  -17 8S 33  
Retail  sales  - 7  End-of-month deposits  (thousands)+ .  12,178  13  
Apparel  stores  14  Annual  rate  of deposit  turnover .  17.2  28  
Automotive  stores  6  
Drugstores  6  Baytown (pop. 45,263 ')  
Food  stores  lS  Postal  receipts*  $  46,59Z  11  
Building permits less federal contracts  4,518,944  68  •Building permits less federal contracts $ 1,617,977  -36  **  
Bank  debits  (thousands) II.  s 2,438,316  Bank  debits  (thousands) .  $ S7,817  9  2  
End-of-month deposits  (thousands) +.  $  lOS,348  End-of-month deposits (thousands)+ .  $  32,S02  6  
Annual  rate  of deposit  turnover .  23.4  Annual  rate  of deposit  turnover .  21.9  8  
Nonfarm  employment  (area).  56,500  
Manufacturing employment Percent unemployed (area) .  (area)  10,600 5.2  68  Bellaire (pop. 19,872 ') Postal receipts*  $ 249,496  - 9  
'Building permits less federal contracts $  21.664  -78  57  
Dickinson (pop. 4,715)  Bank  debits  (thousands) .  S  49,442  4  30  
Bank debits (thousands) . End-of-month deposits (thousands)+  S  12,709 6,107  26 s  End-of-month deposits (thousands)+ Annual rate of deposit turnover .  23,S81 24.7  3 3  11 14  
Annual rate of deposit turnover .  24.S  23  Clute (pop. 4,463 ')  
GALVESTON (pop. 67,175) Retail sales Apparel stores Automotive stores  4j· 11 t St  7 7  16  Building permits less federal contracts $ Bank debits (thousands) . . . $ End-of-month deposits (thousands)+ . $ Annual rate of deposit turnover . 67,SOO 3,683 2,282 18.8  -31 z; 6  8Sl 8 2 8  
Food stores Postal receipts• Building permits less federal contracts Bank debits (thousands) . End-of-month deposits (thousands)+ Annual rate of deposit turnover st $ 142,437 s 3,497,619 s 125,867 62,08S 23.9  5 29 SS -12 -10  17 15 111 8  Conroe (pop. 9,192) Postal receipts* $ "Building permits less federal contracts S Bank debits (thousands) . $ End-of-month deposits (thousands)+ . S Annual rate of deposit turnover. 24,703 299,000 26,397 18,S97 16.8  - 13 S43  - lS 620 10 19 6  
For an explanation of symbols see IJ. 202.  

JULY 1969 207 
Percent change 	Percent change
Local Business Conditions Local Business Conditions 

May 1969 May 1969 	May from 
from 

May from from 	May 1969 
Mayl969 City and item Mayl968
1969 Apr 1969 May 1968 City and item 196!> Apr 1969 
Pearland (pop. 1,430)
Dayton (pop. 3,367) Building permits less federal contracts S 0 
·Building permits less federal contracts $ 387,400 Bank debits (thousands) . . . . . $ 7,538

Bank debits (thousands) . $ 6,805 12 35 14 23 End-of-month deposits (thousands) t. $ 4,350 14 8 End-of-month deposits (thousands) t. $ 4,107 -14 2 Annual rate of deposit turnover. 17.3 23 27
12 17 Annual rate of deposit turnover. 20.4 
Deer Park (pop. 4,865) Richmond (pop. 4,500 ') 
Postal receipts.:. 14,261 21 32 Postal receipts• $ 5,936 36 

2 Building permits less federal contracts 244,710 -47 -10 Building permi'ts less federal contracts $ 95,900 -84 16 
Bank debits (thousands) . 8,834 12 16 	Bank debits (thousands) . $ 7,880 5
-3 End-of-month deposits (thousands) t. 4,319 7 33 End-of-month deposits (thousands) t. $ 8,955 -6 
Annual rate of deposit turnover. 25.3 22 -2 	Annual rate of deposit turnover . 10.3 •• -6 2 
Freeport (pop. 11,619) 

Rosenberg (pop. 13,000 ') Postal receipts'' $ 26,720 -2 8 
Postal receipts• 	$ 12,424 1 -18
Building permi'ts less federal contracts $ 7,050 -92 60 
Building permi'ts less federal contracts $ 154,310 -60 -35Bank debits (thousands) $ 26,192 10 
End-of-month deposits (thousands) t. $ 10,629 -6 I

End-of-month deposits (thousands) t S 14,552' •• 10 Annual rate of deposit turnover . 21.6 14 South Houston (pop. 7,253) Postal receipts* $ 11,620 26 22
HOUSTON (pop. 938,219) 
Bank debits (thousands) . $ 11,887 7 10

Retail sales 4ti' 12 
End-of-month deposits (thousands) t. $ 7,432 -5 7

Apparel stores 2tt 2 Annual rate of deposit turnover . . 18.8 6 2
Automotive stores 4tt 5 
Eating and drinking places . 2tt 9 2 
Food stores 7t'i' 8 23 

Tomball (pop. 2,025 ')
General-merchandise stores 14tt 25 
Postal receipts* 	$ 46,42& 14

Lumber, building-material, 
Building permits less federal contracts $ 182,500

and hardware dealers. 2ff 8 Bank debits (thousands) . $ 12,716 47 85
Postal receipts* 	S 3,680,655 13 
End-of-month deposits (thousands) t. $ 7,329 -1 -33

\Building permits less federal contracts $25,256,726 32 Annual rate of deposit turnover. 20.7 46 176
Bank debits (thousands) . $ 6,961.375 13 End-of-month deposits (thousands) t. 2,005,925 6 Annual rate of deposit turnover . 41.0 

LAREDO SMSA (Webb; pop. 79,300 ') Humble (pop. 1,711) Retail sales 9 13 Postal receipts* S 6,776 12 Apparel stores -3 4 Building permits less federal contracts S 272,500 492 General-merchandise stores 21 12 Bank debits (thousands) . $ 6,865 28 Building permits less federal contracts S 208,850 -57 (4
-

End-of-month deposits (thousands) t. 5,005 2 15 	Bank debits (thousands) II. $ 786,084 -1 9 
Annual rate of deposit turnover. 16.3 1 10 	End-of-month deposits (thousands) :I. $ 36,647 -4 I Annual rate of deposit turnover. 2.1.l 1 1 Nonfarm employment (area) . 25,200 •• 
5 

Katy (po1i. 1,569) 	2
Manufacturing employment (area) 1,330 -6 

Building permits less federal contracts 44,175 -95 81 	2
Percent unemployed (area) . 6.3 -12 Bank debits (thousands) . 5,733 23 94 End-of-month deposits (thousands) t. 3,799 37 Annual rate of deposit turnover . 

18.7 	23 45 LAREDO (pop. 71,512 ') Retail sales 4t 9 
13 

La Porte (pop. 7,500 ') Apparel stores -llt -3 4 14
Building permits less federal contracts S 27,823 110 78 Postal receipts''' $ 62,275 -7 Bank debits (thousands) S 4,970 'Building permi'ts less federal contracts $ 208,850 -57 -11 
10 End-of-month deposits (thousands)t . S 4,255 29 31 Bank debits (thousands) . $ 71,218 2 9 Annual rate of deposit turnover. 15.8 6 End-of-month deposits (thousands) t. $ 36,830 4 4
-
I
Annual rate of deposit turnover. 22.7 5 
-32
Nonfarm placements 	412

Liberty (pop. 6,127) -7 Postal receipts* $ 
9,549 4 23 Building permits less federal contracts S 51,870 
68 58 
LUBBOCK SMSA 

Bank debits (thousands) . S 15,374 8 13 
End-of-month deposits (thousards) t. $ 11,369 7 (Lubbock; pop. 198,600 ") 

Annual rate of deposit turnover. 4 	6 8 
15.6 12 7 	Retail sales 
Apparel stores -2 Pasadena (pop. 83,000 ') Building penni"ts less federal contracts $ 2,631,326 98 26 
16
-12

Postal receiptst; . . . . s 	Bank debits (thousands) II-$ 4,250,292 
86,589 10 

Building permits less f~der~i ·c~·~t·r~~t~ S 	End-of-month deposits (thousands)t . $ 155,087 •• 1 
4,480,731 51 72 	11
-15

Bank debits (thousands) ... .. . ..... S 	Annual rate of deposit turnover. 27.4
97,959 2 2 

End-of-month deposits (thousands) t. S 	Nonfarm employment (area). 64,500 ••
45,438 13 	1 
Annual rate of deposit turnover . 	Manufacturing employment (area) 6,930 -6
26.4 	3 .. 
rercent unemployed (area) . . . . . S.2 
For an explanation of symbols see p. 202 . 
-----~~~~~~~~~~~~~~~~~~~;;;;;;;;;;;;;;;:::::::::::~
:J 
TEXAS BUSINESS REVIEW 
Percent change
al Business Conditions 

Local Business Conditions  Percent change  
May 1969 May 1969  
City and item May 1969  from Apr 1969 from May 1968  
Mercedes (pop. 11,843 ')  
Postal receipts• $ 7,134  -9 5  
Building permi'ts less federal contracts $ 15,715  -73 -97  
Bank debits (thousands) ........... $ 7,261  
End-of-month deposits (thousands)t . S 4,213  4 12  
Annual rate of deposit turnover . 20.3  1 ••  

May 1969 May from 
City and item 1969 Apr 1969 

LUBBOCK (pop. 170,025 ') Retail sales 41 4 Apparel stores 11 t 2 Postal receipts• $ 282,229 
Building permits less federal contracts s 2,570,676 94 ank debits (thousands) . s 318,470 10 End-of-month deposits (thousands) t. s 140,609 3 Annual rate of deposit turnover. 26.7 8 
Slaton (pop. 6,568)  
Postal  receipts•  $  4,136  - 12  
Building permits less federal contracts $  59,150  
Bank  debits  (thousands) .  S  5,297  
End-of-month deposits  (thousands) t . $  4,016  13  
Annual  rate  of deposit  turnover .  14.7  2  

McALLEN-PHARR-EDINBURG SMSA (Hidalgo; pop. 177,100 ') 

Retail  sales  4  
Apparel  stores  5  
Automotive  stores  3  
Food stores  
Furniture and household- 
appliance  stores  18  
Gasoline  and  service  stations  2  
General-merchandise  stores  10  
Lumber, building-material,  
and hardware dealers.  2&  
Building permits less federal contracts  890,849  
Bank  debits  (thousands) 11 .  1.572,528  7  
End-of-month deposits  (thousands) t .  85,752  6  
Annual  rate  of deposit  turnover .  17.8  5  
Nonfarm  employment  (area).  47,100  4  
Manufacturing employment  (area)  5,180  9  
Percent unemployed  (area) .  5.4  17  

May 1969 
from May 1968 
6 8 2 23 16 1 12 
Mission (pop. 14,081) 

Postal receipts• $ 'Building permits less federal contracts $ Bank debits (thousands) . $ End-of-month deposits (thousands) t. $ 
Annua l rate of deposit turnover . 
10,286 25,310 16,800 11,320 
17.2. 
s  - 13  
44  - 96  
2  1  
7  9  
9  

15 
10 11 2 

PHARR (pop. 15,279 ')  
Postal  receipts*  $  8,721  - 3  - 2  
Building permi'ts less federal contracts $  184,300  806  302  
Bank  debits  (thousands) .  S  6,482  2  26  
End-of-month deposits (thousands) t . $  6,410  21  
Annual  rate  of deposit  turnover .  12.2  9  

11 18 11 6 
27 8 
82 6 2 3 
10 6 

San Juan (pop. 4,371) 
Postal receipts* $ 
Building permi'ts less federal contracts $ 
Bank debits (thousands) . $ 
End-of-month deposits (thousands) t. $ 
Annual rate of deposit turnover . 

3,885 1,100 3,668 3,253 
13.6 
11  18  
90  - 27  
11  22  
1  4  
I ii  28  


Weslaco (pop. 15,649) 
Postal receipts* $ 
·Building permits less federal co ntracts S 
Bank debits (thousands) $ 
End-of-month deposits (thousands) t. 
Annual rate of deposit turnover . 

MIDLAND SMSA  
(Midland; pop. 65,200 ')  
Retail  sales  11  22  
Automotive  stores  16  36  
Building permits less federal contracts  S  548,965  50  - 47  
Bank  debits  (thousands) II.  S 1,925,040  22  
End-of-month deposits (thousands) t .  128,936  - 5  
Annual  rate  of  deposit  turnover .  14.6  6  22  
Nonfarm  employment  (area) "·  60,400  ¢ 0  3  
Ma nufacturing employment (area)"  4,770  - 1  2  
Percent  unemployed  (area) b .  3.1  29  

14,707 88,174 13,987 12,242 
13.4 
- 13  2  
13  57  
16  
6  
8  


Alamo (pop. 4,121)  
Postal  receipts•  9,889  17  
Bank  debits  (thousands) .  3,842  31  
End-of-month deposits  (thousands) t .  1,481  15  
Annual  rate  of deposit  turnover .  28.6  42  

Donna (pop. 7,612 ')  
Postal  receipts•  $  4,749  19  
Building permits less federal contracts S  6,600  29  
Bank  debits  (thousands) .  $  3,404  10  
End-of-month deposits  (thousands) t .  ~  5,261  1  
Annual  rate  of deposit  turnover .  7.8  - 8  

49 16 25 
32 60 9 
a 

EDINBURG (pop. 18,706) Postal receipts• $ Building permits less federal contracts S Bank debits (thousands) . S End-of-month deposits (thousands)t . S Annual rate of deposit turnover . Nonfarm placements Elsa (pop. 3,84 7) Bank debits (thousands) . S 18,247 196,700 2.4,602 14,002 20.4 254 3,994  --- 22 9Z 13 6 12 1  --- 94 26 5 25 24 42  MIDLAND (pop. 62,625) Retail sales Automotive stores Postal receipts* S Building permits less federal contracts $ Bank debits (thousands) . S End-of-month deposits (thousands) t . Annual rate of deposit turnover . Nonfarm placements  41 31 138,408 548,965 172,011 124,423 16.1 719  - 11 16 2 150 4 6 14  - 22 36 14 47 25 3 23 13  
End-of-month deposits (thousands) t Annual rate of deposit turnover. McALLEN (pop. 35,411 ') 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 . Nonfarm placements  $ $ $ $ 1.887 24.l 41 st 46,526 372,900 53,119 31,730 19.5 501  10 11 2 4 8 7 16 6 11 19  - 2 33 14 15 6 17 4 3 6 36  ODESSA S'.\ISA (Ector; pop. 83,200 ') Retail sales Apparel stores Building permits less federal contracts Bank debits (thousands) II. Encl-of-month deposits (thousands) t . Annual rate of deposit turnover . Nonfarm employment (area) b Manufacturing employment (area) b Percent unemployed (area)b. s 193,55!> s 1,404,492 73,267 19.2. 60,400 4,770 3.1  - 11 3 20 8 5 1 29  14 2& 67 10 11 1 3 7  
For an expla nation of symbols sec  p.  202.  
JULY 1969  209  

Percent change Local Business Conditions Percent change
Local Business Conditions 
May 1969 May 1969 May 1969 May 1969 May from from May from from City and item 1969 
Apr 1969 May 1968 City and item 1969 Apr 1969 May 1968 
SHERMAN-DENISON SMSA x

ODESSA (pop. 80,338) 
Retail sales 4t 11 14 (Grayson; pop. 80,500 ') 

Apparel stores -11t 3 26 Retail sales Postal receipts>:> 115,046 7 Apparel stores 'Building permits less federal contracts $ 19a,558 -20 -67 
Automotive stores Bank debits (thousands) . . $ 130,049 1 11 Building permi'ts less federal contracts 616,5a5 -36 End-of-month deposits (thousandsH . S 75,954 2 18 Bank debits (thousands) 11. 964,224 -1 22 
Annual rate of deposit turnover .. 20.4 3 -4 End-of-month deposits (thousands)+ . 61,509 •• 18Nonfarm placements 948 a 75 
Annual rate of deposit turnover. . 15.7 -2 
-6 

SAN ANGELO SMSA DENISON (pop. 25,766 ') (Tom Green; pop. 75,200 ") Postal receipts• a5,40a 4 28 Retail sales 8 78
'Building permi'ts less federal contracts $ a48,4a4 -27 

Apparel stores 2 Bank debits (thousands) . $ 28,527 •• 
Building permits less federal contracts 816,743 69 69 End-of-month deposits (thousands)+ . $ 19,911 2. 
Bank debits (thousands) II· l,073,088 8 Annual rate of deposit turnover . 17.4 1 

End-of-month deposits (thousands)+ 65,084 1 Nonfarm placements 146 -a6 
Annual rate of deposit turnover . 16.5 6 
Nonfarm employment (area). 23,300 SHERMAN (pop. 30,660 ') 

Manufacturing employment (area} 3,580 6 Retail sales Percent unemployed (area) . 2.9 12 -12 Automotive stores at -7 11 
Postal receipts• $ 50,40a SAN ANGELO (pop. 58,815) Building permfts less federal contracts $ 225,101 -51 -20 Retail sales 4t 8 2 Bank debits (thousands) . $ 49,152 •• 16 
Apparel stores -llt a 2 End-of-month deposits (thousands) t. $ 27,589 -8 10 Postal recei ptsQ 130,16& -!() 9 Annual rate of deposit turnover. 20.5 Building permits less federal contracts S 816,74a 69 59 Nonfarm placements 156 -28 -68 Bank debits (thousands) . $ 95,792 2 8 End-of-month deposits (thousandsH . S 62,806 2 
TEXARKANA SMSA

Annual rate of deposit turnover . 18.2 a 6 
(Bowie, Texas and Miller, Ark.; pop. 100,000 !) 

SAN ANTONIO SMSA Retail sales 17 (Bexar and Guadalupe; pop. 837,100 ') Building permits less federal contracts $ 598,408 -39 -47 
Bank debits (thousands) 11. $ 1,503,948 -8 8 End-of-month deposits (thousands)+ 73,732 16 
Ki!tail sales 12 2 
Apparel stores 10 1 
Automotive stores 18 6 

Annual rate of deposit turnover . 20.8 -rn -6
..
Nonfarm employment (area) . 42,800 1 Manufacturing employment (area) 14,950 Eating and drinking places . 10 

General-merchandise stores 21 2 Percent unemployed (area) . 3.0 48
Building permils less federal contracts $ 5.a18.a97 -as -68 
Bank debits (thousands) II. $15,004,a68 11 

TEXARKANA (pop. 50,006 ')
End-of-month deposits (thousands)+ . $ 598,497 -3 2 
Annual rate of deposit turnover. 24.7 -1 6 

Retail sales 4t 17 
Postal receipts* 77,63a -6Non farm employment (area) . 281.500 •• 1 

Building permits less federal contracts $ 567,008 -89 -47 Percent unemployed (area) . a.7 12 Bank debits (thousands) . . . $ 117,902. 7 End-of-month deposits (thousands)+ $ 60,779 18 SAN ANTONIO (pop. 726,660 ') Annual rate of deposit turnover . 2a.4 -9 
Retail sales 
Manufacturing employment (area) al,000 -5 
stt 12 
Apparel stores att 10 


TYLER SMSA 
Automotive stores 1·j· ·j· 18 5 

(Smith; pop. 99,100 ')
Eating a nd drinking places . St'i" 10 3 
14
Retail sales
General~merchandise stores 11 tt 21 
II
Apparel stores s
Postal receipts• $ 1,225,708 -8 7 
11

Building permits le.s federal contracts $ 4,4a8,782 -44 -72 Drugstores 11 Bank debits (thousands) . $ l,a05,467 2 11 Building permits less federal contracts S &05,078 -69 -27 
F.nd-of-month deposits (thousands)+ $ 568,804 Bank debits (thousands) II $ 2,213,748 1 20 Annual rate of deposit turnover . 27.3 End-of-month deposits (thousands)+ $ 89,879 -2 6 
6 
II
Annual rate of deposit turnover .. 24.a 
6

Schertz (pop. 2,867 ') Nonfarm employment (area) . a7.aoo •• 
Postal receipts* $ 2,797 22 -20 Manufacturing employment (area) 10,810 10 -4
Building permits less federal contracts $ 98,aa5 Percent unemployed (area) . 2.2 -4 
Bank debits (thousands) . 70a 

11 
F.nd-of-month deposits (thousands)+ . l,090 4 -11 TYLER (pop. 51,230) 
14

Annual rate of deposit turnover . Retail sales 4t Apparel stores -llt s II 
Seguin (pop. 14,299) Drugstores 4t 11 II Postal receipts¢ . . . . . . . . . . . . . . S 19,821 la Postal receipts* 1aa.943 -16 -7 Huilding permits less federal contr~~~s· S la5,965 117 -25 .Building permi'ts less federal contracts $ 596,578 69 -24 
7.6 6 15 -

Bank debits (thousands) . . . . . ..... $ 18,267 Bank debits (thousands) . $ 184,846 20 End-of-month deposits (thousands)+ S 17 ,467 1 End-of-month deposits (thousands)+ . $ 80,52S 5 6
-12

Annual rate of deposit turnover . 12.5 2 Annual rate of deposit turnover. 26.8 
-25

-12 
For an explanation of symbols see p. 202. 

Nonfarm placements a61 
TEXAS BUSINESS REVIEW 
Percent change


Local Business Conditions 
May 1969 May 1969 May from from 
City and item 1969 Apr 1969 May 1968 


Local Business Conditions Percent change 
M.ay 1969 May 1969 May from from
City and item 1969 Apr 1969 May 1968 

WACO  S~\ISA  
( l\lcLennan; pop. 148,400 •)  
Retail  sales  . . . . . . . . . . .  17  5  
Apparel  stores  . . . . . . . . . .  8  11  
Automotive  stores  14  
Building permits less federal contracts  $ 1,753,971  56  46  
Bank  debits  (thousands) .  $ 2,681,3()4  - 4  3  
End-of-month deposits (thousands) t . $  111,179  - 2  6  
Annual rate of deposit turnover Nonfarm employment (area) .  23.9 59,200  ** ••  8 1  
Manufacturing employment  (area)  13,110  5  
Percent unemployed  (area) .  3.9  8  15  
McGregor (pop. 4,642)  
Building permits less federal contracts S  4,600  33  84  
Bank debits (thousands) End-of-month deposits (thousands) i  $ 4,850 $ 8,302  2  - 19 14  
Annual rate of deposit turnover .  7.1  3  - 27  
WACO (pop. 103,462)  
Retail  sales  4t  17  
Apparel  stores  11 t  8  11  
Automotive  stores  st  14  5  
Postal  receipts0  $ 315,419  15  25  
Building permits less federal contracts s 1,701,200  55  49  
Bank  debits  (thousands) .  $ 205,687  7  4  
End-of-month deposits (thousands) t . $  92,199  - 7  
Annual rate of deposit turnover.  26.3  10  
WICHITA FALLS S'.\ISA  
Archer and Wichita; pop. 132,200 ')  
Retail  sales  6  - 3  
Building permits •less fed<!ral contracts Bank debits (thousands) II.  1,841,408 2,091,504  15 -13  - 24 6  
End-of-month deposits (thousands) t .  115,603  - 2  3  
Annual rate of deposit turnover. Nonfarm employment (area) .  17.9 49,90()  -13 ••  3  
Manufacturing employment Percent unemployed (area).  (area)  5,01() 2.1  3 5  

Burkburnett (pop. 7,621)  
Building permits less federal contracts S  1,000  - 97  -91  
Bank  debits  (thousands)  S  8,631  12  
End-of-month deposits (thousands) t Annual rate of deposit turnover .  $  5,028 20.9  3  13 ••  

Iowa Park (pop. 5,152 ')  
Building permits less federal contracts s  10,576  - 65  
Bank  debits  (thousands) .  s  4,310  7  18  
E nd-of-month deposits (thousands) t  s  3,789  
Annual  rate  of deposit  turnover .  13.6  11  

WICHITA FALLS (pop. 115,340 ') 
Retail  sales  4t  
Postal  receiptsi::  151,643  
Building permits less federal contracts  $ 1,829,832  
Bank  debits  (thousands) .  $ 162,172  

End-of-month deposits (thousands) i . $ 96,625 
Annual rate of deposit turnover . 19.7 

- 4  
4  
20  - 25  
- 11  5  
4  2  
- 10  

LOWER RIO GRAXDE VALLEY (Cameron, Willacy, and Hidalgo; pop. 326,800 ') Retail sales 
7t Apparel stores -at 18 Automotive stores 
1t 4 Drugstores 11 t 10 Food stores 12t Furniture and household-appliance stores 18 21 Gasoline and service stations . O I General merchandise stores. 11 t 10 Lumber, building-material, and hardware dealers . 24 9 Postal receipts* -8 
,,. 
.Building permits less federal contracts S -57 -71 Bank debits (thousands) . $ -5 8 End-of-month deposits (thousands) t -10 Annual rate of deposit turnover . 18.2. 2 4 

ALPHABETICAL  LISTING  OF  NON-SMSA  CITIES,  WITH  DATA  
ALBANY (pop. 2,174) Building permits less federal contracts s Bank debits (thousands) s End-of-month deposits (thousands) t Annual rate of deposit turnover . ALICE (pop. 20,861) Postal receipts• $ ,Building permits less federal contracts s Bank debits (thousands) . 5 End-of-month deposits (thousands) t . Annual rate of deposit turnover. ALPINE (pop. 4,740) Postal receipts• · · · · · · · ··· $ Building permits less federal contracts S Bank debits (thousands) . $ End-of-month deposits (thousands) t s Annual rate of deposit turnover . For an explanation of symbols se~ p. 202.  3,078 4,061 9.1 21,688 62,538 32,583 rn,620 19.7 6,638 12,300 5,027 5,169 11.1  -14 "* -14 -6 -45 31 -2 33 -5 -74 13 9 16  <• -53 33 6 37 -5 -85 10 4 12  ANDREWS (pop. 13,450 •) Postal receipts..-. s 10,062 ·Building permits less federal contracts s 24,145 Bank debits (thousands) . s 7,562 End-of-month deposits (thousands) t 7,409 Annual rate of deposit turnover . 12.1 ATHENS (pop. 10,260 ') Postal receipts..-. $ 16,090 Building permits less federal contracts $ 84,300 Bank debits (thousands) . s 13.382 End-of-month deposits (thousands) t 5 11,546 Annual rate of deposit turnover . 13.9 BARTLETT (pop. 1,540) Postal receipts* $ 2,614 Bank debits (thousands) $ 1,283 F:nd-of-month deposits (thousands) t 5 1,568 Annual rate of deposit turnover . 9.7  12 4 -17 -2 -14 -6 -29 5 1 76 17 -3 23  -- 17 3 65 22 15 7 24 22 10 13  
JULY 1969  211  

Percent change Percent change
Local Business Conditions 
Local Business Conditions 

May 1969 May 1969 May 1969 May 1969 May from from May from from City and item 1969· Apr 1969 May 1968
Apr 1969 May 1968 City and item 19~ 
BAY CITY (pop. 11,656) BRYAN (pop. 33,141 ') 22,266 25 24 Postal receipts• 45,249
Postal receipts• 3 3
-Building permi'ts less federal contracts $ 33,000 270 190
-72 -85 Building permits less federal contracts $ 2,131,405 Bank debits (thousands) $ 21,691 2 1 Bank debits (thousands) . $ 62,90-0 
20 End-of-month deposits (thousands) t. $ 28,259 -3 4 End-of-month deposits (thousands) t. $ 32,818 22 Annual rate of deposit turnover . 9.1 4 Annual rate of deposit turnover. 2.2.8 Nonfarm placements 57 -28 -25 Nonfarm placements 319 
BEEVILLE (pop. 13,811) CALDWELL (pop. 2,204 ') Pootal receipts• 16,352 -1 -8 Postal receipts* $ 3,197 -7 -11 Building permits less federal contracts $ 79,595 -31 -45 Bank debits (thousands) $ 4,0-03 19 20 
Bank debits (thousands) $ 17,267 3 11 End-of-month deposits (thousands) t. $ 4,896 •• 
End-of-month deposits (thousands) t. $ 15,921 -3 -5 Annual rate of deposit turnover. 9.8 18 Annual rate of deposit turnover . 12.8 6 16 Nonfarm placements 98 21 CAMERON (pop. 5,640) 
Postal receipts• $ 8,318 60 25 BELLVILLE (pop. 2,218) Building permits less federal contracts $ 301.354 Building permi'ts less federal contracts $ 65,000 -45 Bank debits (thousands) . $ 6,546 -8 12 Bank debits (thousands) $ 6,195 -14 3 End-of-month deposits (thousands) t. $ 6,476 
15 End-of-month deposits (thousands) t. $ 6,209 -3 3 Annual rate of deposit turnover. 12.5 -11 1 Annual rate of deposit turnover. 11.8 -16 CASTROVILLE (1,800 ') BELTON (pop. 10,000 ') Building permi'ts less federal contracts $ 21,460 -18 Postal receipts• $ 13,153 3 15 Bank debits (thousands) . $ l,410 29 Building permits less federal contracts $ 82,000 -38 39 End-of-month deposits (thousands) t $ 1,424 3 19 End-of-month deposits (thousands) t. $ 10,940 -15 11 Annual rate of deposit turnover . 11.7 10 
BIG SPRING (pop. 31,230) CISCO (pop. 4,499) 
Postal receipts* $ 41,959 -9 -7 Postal receipts* $ 6,105 8 -10 

Building permits less federal contracts S 39,929 15 -67 Bank (thousands) . . ..... .... $ 4,076 •• -17debits 
Bank debits (thousands) $ 51,467 8 End-of-month deposits (thousands) t. $ 4,109 2 End-of-month deposits (thousands) t. $ 27,696 7 Annual rate of deposit turnover . 11.8 -22 Annual rate of deposit turnover . 21.5 3 
Non farm placements COLLEGE STATION (pop. 18,590 ')
185 -21 Postal receipts* $ 44,836 44 16 BONHAM (pop. 9,506 ') ·Building permi'ts less federal contracts $ 175,133 -71 9 Postal receipts• 7,982 Bank debits (thousands) . $ 8,824 -13
-17 -1 Building permits less federal contracts S 94,500 -9 87 End-of-month deposits (thousands) t. $ 6,698 Bank debits (thousands) S 12,077 12 19 Annual rate of deposit turnover . 16.0 -14 End-of-month deposits (thousands) t. $ 10,382 -6 13 Annual rate of deposit turnover . 13.5 13 4 COLORADO CITY (pop. 6,457) Postal receipts• . . . . . . . . . . . . $ 6,565 -10 -12 BORGER (pop. 20,911) Bank debits (thousands) $ 5,202 12
..

Postal receipts• $ 21,541 -11 -8 End-of-month deposits (thousands) t. $ 6,187 Building permits less federal contracts S 35,330 -17 -29 Annual rate of deposit turnover . 9.6 12 Nonfarm placements 85 -29 2 
COPPERAS COVE (pop. 10,202 ') BRADY (pop. 5,338) Postal receipts• $ 7,651 24 Postal receipts¢: 10,980 136 46 'Building permi'ts •less federal contracts $ 137,635 88 Building permits less federal contracts $ 33,700 -71 -62 Bank debits (thousands) . $ 3,295 -12 11 Bank debits (thousands) $ 9,891 5 25 End-of-month deposits (thousands)t. $ 2,077 •• 24 End-of-month deposits (thousands) t. 7,442 Annual rate of deposit turnover . 19.() 2 -5 Annual rate of deposit turnover . 16.0 
21 
CORSICANA (pop. 20,344) 

BRENHAM (pop. 7,740) Postal receipts• $ 46,001 73 61 Postal receipts• $ 13,916 -12 35 Building permits less federal contracts $ 1,519,400 992 Building permits less federal contracts $ 58,343 -82 39 Bank debits (thousands) . $ 28,489 -12 2 Bank debits (thousands) . $ 18.507 3 14 End-of-month deposits (thousands) t $ 23.645 2 8 End-of-month deposits (thousands) i . 17 ,997 12 Annual rafe of deposit turnover . 14.3 8 Annual rate of deposit turnover . 12.5 Nonfarm placements 197
3 

BROWNFIELD (pop. 10,286) CRANE (pop. 3,796) 
Postal receipts• $ 11,489 -l& Building permits less federal contracts $ 
Bank debits (thousands) . $ 18,702 -13 15 Bank debits (thousands) ........ .. . $ 2,636 29 
End-of-month deposits (thousands) t. $ 14,331 -33 4 End-of-month deposits (thousands) t $ 2,088 -IS 
Annual rate of deposit turnover . 12.6 Annual rate of deposit turnover . 14.1 28 

BROWNWOOD (pop. 16,974) CRYSTAL CITY (pop. 9,101) 
Postal receipts• . . . . . . . . . . . . . . . . . . $ 31,715 Building permits less federal contracts $ 75,796 67 -53 

-5 1 
Building permits less federal contracts $ 85,200 -40 -25 Bank debits (thousands) $ 5,476 14 

Nonfarm placements 119 -26 End-of-month deposits (thousands) t $ 3,117 -13

-33 Annual rate of deposit turnover . 19.7 11 For an explanation of symbols see p, 202. 
TEXAS BUSINESS REVIEW 

Local Business Conditions Percent change Percent change
Local Business Conditions 
City and item  May 1969  May 1969 from Apr 1969  May 1969 from May 1968  City and item  May 1969  May 1969 from Apr 1969  May 1969 from May 1968  
DECATUR (pop. 3,563) Building permits less federal contracts $ 39,000 Bank debits (thousands) . $ 4,829 End-of-month deposits (thousands) t . $ 4,998 Annual rate of deposit turnover . 11.3 DEL RIO (pop. 23,290 ')  - 6 5 11  - •••• 12 7  GEORGETOWN (pop. 5,218) Postal receipts0 Building permiits less federal contracts $ Bank debits (thousands) . $ End-of-month deposits (thousands) t . Annual rate of deposit turnover . 8,220 43,050 8,763 8,012 12.6  -44 18 -8 20  10 239 29 14 15  
Postal receipts• .... . . $ 20,946 Building permits less federal contracts $ 416,352 Bank debits (thousands) . $ 20,209 End-of-month deposits (thousands) t . $ 18,385 Annual rate of deposit turnover . 12.6 DIMMITT (pop. 4,500') Bank debits (thousands) ... $ 16,042 End-of-month deposits (thousands) t . $ 7,621 Annual rate of deposit turnover . 23.1 EAGLE LAKE (pop. 3,565) Bank debits (thousands) . $ 5,086 End-of-month deposits (thousands) t . $ 5,426 Annual rate of deposit turnover . 10.9  -9 106 -1 -9 5 20 -15 33 5 -6 6  -10 325 8 -3 8 54 30 12 25 14 9  GIDDINGS (pop. 2,821) Postal receipts(I $ Building permits less federal contracts s Bank debits (thousands) . $ End-of-month deposits (thousands) t . s Annual rate of deposit turnover . GLADEWATER (pop. 5,742) Postal receipts0 $ Building permits less federal contracts $ Bank debits (thousands) . $ End-of-month deposits (thousands)t . $ Annual rate of deposit turnover . Nonfarm employment (area)' Manufacturing employment (area) c Percent unemployed (area)'. 5,608 257.800 5,808 6,447 11.6 6,394 38,700 6,860 4,722 17.1 35,000 9,950 2.6  -7 343 15 -11 35 10 3 14 •• -2 13  4 286 15 26 -3 -11 -14 29 3 26 3  
EAGLE PASS (pop. 12,094) Postal receipts• $ 13,631 Building permits "less federal contracts $ 50,14() Bank debits (thousands) . $ 9,042 End-of-month deposits (thousands) t . $ 4,851 Annual rate of deposit turnover. 21.2  -4 -61 -3 -10 ••  -- 4 1 1 6 7  GOLDTHWAITE (pop. 1,383) Postal receipts0 $ Bank debits (thousands) . $ End-of-month deposits (thousands) t . $ Annual rate of deposit turnover . 4,243 7,942 4,242 22.4  77 19 18  13 14 -32 37  
EDNA (pop. 5,038) Postal receipts• $ 8,275 Building permiits Jess federal contracts $ 43,625 Bank debits (thousands) . $ 7,357 End-of-month deposits (thousands) t . $ 7,021 Annual rate of deposit turnover . 12.6  21 2 •• 6  31 11 4 8  GRAHAM (pop. 9,326 ') Postal receipts¢ $ Building permits less federal contracts $ Bank debits (thousands) . $ End-of-month deposits (thousands) t . $ Annual rate of deposit turnover . 14,807 9,370 12,725 11,268 14.0  37 -95 7 7 5  30 -95 9 5  
EL CAMPO (pop. 7,700) Postal receipts• $ 12,806 Bank debits (thousands) . .... . . . . . $ 16,190 End-of-month deposits (thousands) t . $ 13.260 Annual rate of deposit turnover . 14.3  -20 -9 -4 -7  - 3 2  GRANBURY (pop. 2,227) Postal receipts0 $ Bank debits (thousands) . $ End-of-month deposits (thousands) t . $ Annual rate of deposit turnover . 12,495 3,275 3,336 11.5  70 -11 · 5 -6  162 23 10  
FORT STOCKTON (pop. 6,373 ') Postal receipts• $ 10,024 Building permijls less federal contracts $ 9,150 Bank debits (thousands) . $ 10,023 End-of-month deposits (thousands)t . $ 9,096 Annual rate of deposit turnover . 12.7 FREDERICKSBURG (pop. 4,629) Postal receipts• $ 12,359 Building permi,ts less federal contracts s 58,375 Bank debits (thousands) . s 14,133 End-of-month deposits (thousands) t . $ 10,988 Annual rate of deposit turnover . 15.4 FRIONA (pop. 3,149 ') Building permits less federal contracts 77.900 Bank debits (thousands) . 20,714 End-of-month deposits (thousands) t . 5,487 Annual rate of deposit turnover . 43.3  -7 -62 -7 -8 -5 20 49 4 •• 2 79 26 -9 3()  -3 5 7 -2 37 -24 5 11 -5 -20 41 -9 46  GREENVILLE (pop. 22,134 ') Postal receipts• $ Building permits less federal contracts $ Bank debits (thousands) . $ End-of-month deposits (thousands)! . $ Annual rate of deposit turnover . Nonfarm placements HALLETTSVILLE (pop. 2,808) Building permits less federal contracts $ Bank debits (thousands) . $ End-of-month deposits (thousands)! . Annual rate of deposit turnover . HALLSVILLE (pop. 1,015 ') Bank debits (thousands) . $ End-of-month deposits (thousandslt . $ Annual rate of deposit turnover . 38,501 520,730 35,218 20,522 20.3 137 17,150 3,750 6,745 6.5 1,143 1,281 10.3  -9 105 11 -3 15 -22 -70 2 5 2 -11 7 -8  14 164 s -34 2 3 3 •• 34 4 26  
GATESVILLE (pop. 5,180 ') Postal receipts• Bank debits (thousands) . End-of-month deposits (thousandslt . Annual rate of deposit turnover .  $ 6,588 $ 9,046 8,106 13.4  -17 3 ••  17 10  HASKELL (pop. 4,016) Building permits less federal contracts s Bank debits (thousands) . $ End-of-month deposits (thousands) t . $ Annual rate of deposit turnover . 300 4,020 4,652 10.0  7 8  - 85 8 2  
For an explanation of symbols see JULY 1969  p.  202.  213  

Percent change 	Percent change
Local Business Conditions Local Business Conditions 

May 1969 May 1969 	May 1969 May 1969 
May

May from from from from City and item 196~ Apr 1969 May 1968 City and :tern 1969 Apr 1969 May 1968 
KINGSVILLE (pop. 31,160 ') 
Postal receipts• $ 29,203· 


HENDERSON (pop. 11,477 ') 
Postal receipts• $ Hi,976 -5 -9 26 21 Building permits less federal contracts $ 155,000
Building permits Jess federal contracts $ 92,80() 129 -2 34 -29 Bank debits (thousands) . $ 15,306 •• 21 Bank debits (thousands) . $ 19,865 -12 8 
16,426 & 8 	End-of-month deposits (thousands);. $ 17,699 Annual rate of deposit turnover. 18.1 
End-of-month deposits (thousands) t. $ 
Annual rate of deposit turnover. 10.9 5 10 	-8 
KIRBYVILLE (pop. 2,021 ')HEREFORD (pop. 12,175 ') 

Postal receipts• $ 6,107 27 
Postal receipts* $ 16,999 •• -18 

Bank debits (thousands) . $ 2,826 s 
Building permits Jess federal contracts $ 182,50() -82 -29 

End-of-month deposits (thousands)t . $ 4,716 
7Bank debits (thousands) . $ 42,082 2 45 

Annual rate of deposit turnover. 7.1 
-9

End-of-month deposits (thousands) t. $ 18,232 5 27 Annual rate of deposit turnover. 26.9 5 17 
LAMESA (pop. 12,438) 

Postal receipts• ........... ' $ 12,953 -8 -8 HONDO (pop. 4,992) Building permits less federal contracts $ 17,950 -30 11 Postal receipts• $ 5,283 -21 -9 Bank debits (thousands) . $ 16,282 -9 Building permits less federal contracts $ 54,$00 34 89 End-of-month deposits (thousands) t. $ 17,3S9 -9 18 
Bank debits (thousands) . $ 5,667 11 34 Annual rate of deposit turnover. 10.7 •• -7 End-of-month deposits (thousands) t. $ 4,S27 7 15 Nonfarm placements 131 -21 46 Annual rate of deposit turnover. 14.6 7 23 LAMPASAS (pop. 5,670 ') HUNTSVILLE (pop. 11,999) receipts* ..... . .. '. $ -19
Postal 6,144 -12: Building permits less federal contracts $ 105,550 204 96

Postal receipts• $ 20,60() -29 -5 
Bank debits (thousands) . $ 11,082 11 16

Building permits Jess federal contracts $ 135,850 -4 -59 
End-of-month deposits (thousands) t. $ 9,074 3 9

Bank debits (thousands) . $ 20,379 -12 24 End-of-month deposits (thousands) t. $ 16,718 9 25 
Annual rate of deposit turnover. 14.9 2 

Annual rate of deposit turnover. 15.2 -14 3 
LEVELLAND (pop. 12,073 ') 
Postal receipts• $ 20,375 17 66


JACKSONVILLE (pop. 10,509 ') 
Building permits less federal contracts $ 78,275 -43 -61 
Postal receipts• . . . . . . . . . . . . . . . . . . $ 27,781 -15 25 

Bank debits (thousands) . $ 16,497 7 
Building permits Jess federal contracts $ 1,250 -99 19 

End-of-month deposits (thousands) t. $ 18,934 2 
Bank debits (thousands) . $ 21,709 8 19 

Annual rate of deposit turnover . 10.5 8 
End-of-month deposits (thousands)t . $ 12,977 -3 8 

Annual rate of deposit turnover . 19.8 11 LITTLEFIELD (pop. 7,236) 
Postal receipts• $ 8,860 -1 
JASPER (pop. 5,120 ') Building permits less federal contracts $ 4,220 107 -81 
Postal receipts* $ 14,153 -3 6 Bank debits (thousands) . $ 9,922 s 16 
Building permits less federal contracts $ 3,500 End-of-month deposits (thousands)t . $ 8,721 -9 -6

-94 -96 15,377 -10 -6

Bank debits (thousands) . $ Annual rate of deposit turnover. 13.0 14 18 
End-of-month deposits (thousands) t. $ 9,969 -5 9 
Annual rate of deposit-turnover. 18.0 -10 -11 LLANO (pop. 2,656) 

Postal receipts• $ 4,670 28 -10 Building permits less federal contracts $ 0
JUNCTION (pop. 2,514 ') 
Bank debits (thousands) . $ 5,625 23 29 
Building permits less federal contracts $ 1,()50 150 
End-of-month deposits (thousands) t. $ 4,566 -1 8 Bank debits (thousands) . $ 2,701 14
-
Annual rate of deposit turnover. 14.7 22 21 End-of-month deposits (thousands) t. $ 4,375 
-4 
Annual rate of deposit turnover. 


7..2 -16 -11 	LOCKHART (pop. 6,084) Postal receipts• . . . . . . . . . . . $ 5,642 
-18 KILGORE (pop. 10,500 ') Building permits less federal contracts $ 5,521 -89 -54 Postal receipts• $ 20,415 -5 2 Bank debits (thousands) . $ 7,182 •• s Building permits less federal contracts $ 119,600 151 96 End-of-month deposits (thousands)t. $ 7,871 Nonfarm employment (area) c. 35,000 •• Annual rate of deposit turnover. 10.8 Manufacturing employment (area) c 9,950 2
-
Percent unemployed (area) c. 13 LONGVIEW (pop. 52,242 ')

2.6 
Retail 	sales Automotive stores at 15
KILLEEN (pop. 30,400 ') 
Postal receipts• 	$ 80,366 -18 
Postal receipts• . . . . . . . . . . . . . . . . . . $ 62,350 

9 16 	-88
Building permits less federal contracts $ 590,000 -67
Building permits less federal contracts 5 

534,733 -51 -20 	12
Bank debits (thousands) . $ 94,870Bank debits (thousands) . $ 

35,156 10 67 	-19
End-of-month deposits (thousands) t. $ 48,077 4 

End-of-month deposits (thousands) t. $ 14,342 -8 17 	1
14
Annual rate of deposit turnover. 23.2
Annual rate of deposit turnover . 28.2 11 41 

Nonfarm employment (area)•. 35,000 •• 
Manufacturing employment (area)• 9,950 -2 
KINGSLAND (pop. 1,200 ') Percent unemployed (area) c. 2.6 13 

Postal receipts• . . . . . . . . . . . . . . . . . . $ 

2,012 -19 14 
Bank debits (thousands) ........... $ 2,617 7 LUFKIN (pop. 20,756 ')

-1 

End-of-month deposits (thousands ) t $ l ,816 	Postal receipts* $ 50,597 19 15 
-3 17 Annual rate of deposit turnover . 17.0 -12 12 Building permits less federal contracts $ 318,815 -6 -23 
-	32
N onfarm placements 	46 -30 
For an explanation of symbols see p, 202. 
214 TEXAS BUSINESS REVIEW 

Local Business Conditions City and item May 1969  Percent change May 1969 from Apr 1969 May 1969 from May 1968  
McCAMEY (pop. 3,375 ') Postal receipts• $ Bank debits (thousands) . $ End-of-month deposits (thousands) t . $ Annual rate of deposit turnover . 3,465 2,031 1,836 13.4  -25 -15 2 -9 7 3  
MARBLE FALLS (pop. 2,161) Building permits less federal contracts S Bank debits (thousands) . $ End-of-month deposits (thousands) t . S Annual rate of deposit turnover . 5,2&4 3,868 3,172 14.2  141 6 26 15  
MARSHALL (pop. 29,445 ') Postal receipts• S Building permits less federal contracts $ Bank debits (thousands) . S End-of-month deposits (thousands) t Annual rate of deposit turnover . Nonfarm placements MEXIA (pop. 7,621 ') Postal receipts• $ Building permits less federal contracts S Bank debits (thousands) . $ End-of-month deposits (thousands)t . $ Annual rate of deposit turnover . 36,401 373,405 26,747 30,011 10.6 200 6,995 11,638 7,540 6,483 14.0  -4 -12 -1 -3 -32 -25 -92 -5 -2 1 2 7 10 -50 -30 -8fi  
MINERAL WELLS (pop. 11,053) Postal receipts• S Building permits less federal contracts S Bank debits (thousands) . $ End-of-month deposits (thousands) t $ Annual rate of deposit turnover . Nonfarm placements . . MONAHANS (pop. 9,476 ') Postal receipts• S Building permits less federal contracts $ Bank debits (thousands) . $ End-of-month deposits (thousands)t. Annual rate of deposit turnover. MOUNT PLEASANT (pop. 8,027) Postal receipts• $ Building permits less federal contracts $ Bank debits (thousands) $ End-of-month deposits (thousands) t $ Annual rate of deposit turnover . MUENSTER (pop. 1,190) Postal receipts• $ Building permits less federal contracts $ Bank debits (thousands) . $ End-of-month deposits (thousands) t S Annual rate of deposit turnover. MULESHOE (pop. 4,945 ') Bank debits (thousands) . $ End-of-month deposits (thousands) t . Annual rate of deposit turnover. 32,394 562,616 30,230 16,885 21.2 107 11,510 17,445 12,398 8,390 17.6 11,598 24,555 18,146 10,478 20.4 1,930 33,500 3,669 2,498 16.3 11.815 10,760 12.7  634 5 2 6 3 -55 3 1 2 -31 -55 79 26 -14 28 7 8 -3 60 6 -50 4 -45 4 16 -8 -· 8 -11 13 14 -3 14 123 8 16 47 -18  

Percent change

Local Business Conditions 
May 1969  May 1969  
May  from  from  
City and item  1969  Apr 1969  May 1968  


NEW BRAUNFELS (pop. 15,631) 
Por.tal  receipts•  $  
Building permits less federal contracts  S  
Bank  debits  (thousands) .  $  

End-of-month deposits (thousands) t. $ Annual rate of deposit turnover . 
24,928 -1 8 
228,419 -57 93 20,461 -6 12 19,030 •• 18 
12.9 28 -6 

OLNEY (pop. 4,200 ')  
Building permits less federal contracts  1,000  - 92  
Bank  debits  (thousands)  $  6,576  2  44  
End-of-month deposits  (thousands) t  $  4,676  - s  
Annual  rate  of deposit  turnover  16.5  45  

NACOGDOCHES (pop. 18,076 ') 
Postal receipts• $ Building permits less federal contracts $ Bank debits (thousands) . $ End-of-month deposits (thousands) t. S Annual rate of deposit turnover. 
Nonfarm placements 
32,746  - 14  18  
276,444  - 35  - 84  
31,848  3  18  
29,289  3  15  
13.2  3  6  
53  - 24  


For an explanation of symbols see p. 202_.______________ 
JULY 1969 
PALESTINE (pop. 13,974) 
Po,.tal receipts• $ Building permits less federf! l contrarts S Bank debits (thousands) . S End-of-month deposits (thousands) t $ Annual rate of deposit turnover Nonfarm placements 
PAMPA (pop. 24,664)  
Po,;tal  receipts•  $  
Bank  debits  (thousands) .  $  
End-of-month deposits  (thousands) t  S  
Annual  rate  of deposit  turnover .  
Nonfarm placements  

PECOS (pop. 13,479 ') 
Postal receipts• $ 
Bank debits (thousands) . $ 
End-of-month deposits (thousands) t S 
Annual rate of deposit turnover.. 

Nonfarm placements 
PLAINVIEW (pop. 21,703 ') Postal receipts• $ Building permits less federal contracts S Bank debits (thousands) S 
End-of-month deposits (thousands) t. Annual rate of deposit turnover . 
Nonfarm placements 
19.250  - 2  - 1  
130,325  57  - 17  
17,108  1  8  
19,389  - 3  7  
10.4  3  
53  - 35  

32,030  - 1  
36, 138  18  
23,072  11  
18.9  6  11  
140  - 21  - 1  


PARIS (pop. 20,977)  
Postal  receipts*  s  32,080  - 1  19  
Building permits less federal co ntracts  197,820  - 17  15  
Nonfarm placements  144  - 5  - 28  

11,854  - 15  - 16  
19,689  3  23  
12,004  8  17  
18.9  3  
106  14  18  

30,729  - 22  - 1  
61,000  - 68  - 46  
51,275  7  15  
24,976  - 8  - 5  
23.6  15  17  
191  - 9  - 37  


PLEASANTON (pop. 5,053 ")  
Building permits less federal contracts  S  128,482  169  3  
Bank  debits  (thousands) .  S  5,396  - 13  17  
End-of-month deposits  (thousands) t  4,722  11  
Annual  rate  of deposit  turnover .  14.3  - 15  11  

QUANAH (pop. 4,570 ') 
Postal receipts* $ Building permits less fe<leral contracts S Bank debits (thousands) . S 
End-of-month deposits (thousands) t Annual rate of deposit turnover . 
RAYMONDVILLE (pop. 9,385) 
Postal  receipts*  S  
Building permits less federal contracts  S  
Bank  debits  (thousands)  
End-of-month deposits  (thousands} t  
Annual  rate  of  deposit  turnover .  
Nonfarm placements  

5,248  20  - 13  
0  
6.319  14  
6,310  
12.3  12  

6,674  - 11  - 3  
20,500  - 82  712  
8,761  13  9  
9,107  - 1  - 9  
11.5  16  20  
61  42  - 19  


Percent change 	Percent change
Local Business Conditions 

Local Business Conditions 
May 1969 May 1969 	May 1969 May 1969
May from from 	May from 
from

May 1968 City and item 1969
City and item 1969 Apr 1969 	Apr 1969 May 1968 
REFUGIO (pop. 4,944) SULPHUR SPRINGS (pop. 12,158 ') 
Postal receipts" S -10 7

5,731 21 Postal receipts" $ 	22,502 
-

Building permits less federal contracts $ 0 	Building permits less federal contracts $ 44,450 -72 62
-Bank debits (thousands) $ 4,768 10 Bank debits (thousands) $ 23,026 ­
5 11 End-of-month deposits (thousandsH . $ 7,977 3 -10 End-of-month deposits (thousands) t 17 ,424 •• Annual rate of deposit turnover . 7.1 15 11 Annual rate of deposit turnover 15.9 -2 
ROCKDALE (pop. 4,481) SWEETWATER (pop. 13,914) 
Postal receipts" $ 6,340 -5 -10 Postal receipts* S 16,124 

11 Building permits less federal contracts $ 41.140 129 58 Building permits less federal contracts S 
52,037 154 Bank debits (thousands) $ 7,019 9 23 Bank debits (thousands) " 
S 16, 158 -1 
23 

End-of-month deposits (thousands) t $ 5,741 14 End-of-month deposits (thousands) t. 11,900 -11 19 Annual rate of deposit turnover . 14.5 9 Annual rate of deposit turnover 
15.3 -1 Nonfarm placements 10 ­
87 ­
49 

SAN MARCOS (pop. 17,500 ') 
Postal receipts" S 20,265 -31 -16 TAHOKA (pop. 3,600 ') 
Building permits less federal contracts S 273,310 164 -49 

Building permits less federal contracts S 34,000 Bank debits (thousands) . $ 20.343 9 23 Bank debits (thousands) S 
4,236 
End-of-month deposits (thousands) t. $ 14,201 10 

End-of-month deposits (thousands) t. $ 6,823 Annual rate of deposit turnover . 17.1 10 16 
Annual rate of deposit turnover . 7.2 
SAN SABA (pop. 2,728) 

TAYLOR (pop. 9,434) 
Postal receipts" $ 3,510 -21 -22 

Postal receipts::' $ 11,044 -9 
Builrlini;;? permits less federal contracts S 19,000 986 90 

Building permits less federal contracts $ 239,200 -64 267 Bank debits (thousands) . $ 8,060 16 10 
Bank debits (thousands) $ 12,886 2 29 End-of-month deposits (thousands) t 6,070 1 9 
End-of-month deposits (thousanrls) t 8 22,236 -1 10 Annual rate of deposit turnover . 15.9 14 •• 
Annual rate of deposit turnover . 6.9 3 15 

Nonfarm placements 22 -15 -29 SILSBEE (pop. 8,447 ') Bank debits (thousands) 10,258 2 15 
TEMPLE (pop. 34, 730 ')
End-of-month deposits (thousands) t 10,418 16 1 
Retail sales 	4t 11 Annual rate of deposit turnover . 12.7 -5 12 
Furniture a nd household-

appliance stores lit 16 SMITHVILLE (pop. 2,935 ') Postal receipts* 63,055 -1 13 Postal receipts>:< $ 3,183 -18 
Building permits less federal contracts $ 351,590 -73 -12 
Bank debits (thousands) . S 47 ,804 4Building permits less federal contracts S 1,800 -93 -93 

Bank debits (thousands) . $ 2,148 	Nonfarm placements 241 -10 "
16 
End-of-month deposits (thousands) t. 2,791 


UVALDE (pop. 14,000 ') SNYDER (pop. 13,850) Postal receipts* S 18,572 42 54 Postal receipts• S 15,059 -8 -9 Building permits less federal contracts $ 181,571 236 
Building permits less federal contracts $ 24,600 -39 -80 Bank debits (thousands) 21,793 17 Bank debits (thousands) . 13,565 11 -12 End-of-month deposits (thousands) j: 11,242 10 End-of-month deposits (thousands) t 17,94S 8 Annual rate of deposit turnover . 22.8 9 Annual rate of deposit turnover. 8.7 -19 
VERNON (pop. 13,385 ') SONORA (pop. 2,619) Postal receipts* s 13,735 4 -2 365
Building permits less federal contracts S 0 Building permits less federal contracts S 14,450 -61 Bank debits (thousands) . $ 3,100 11 Bank debits (thousands) . $ 21,017 6 21 
-30 End-of-month deposits (thousands) t. 4,686 4 10 End-of-month deposits (thousands) t 22,886 3 -3
-

Annual rate of deposit turnover . 8.1 -13 19 	Annual rate of deposit turnover 10.8 -5 19 Nonfarm placements 109 31 
STEPHENVILLE (pop. 7,359) 
Postal receipts" $ VICTORIA (pop. 37,000 ')

12,652 Building permits less federal contracts S 42,600 Retail sales 4t -1 -7 
-88 -41 Bank debits (thousands) . S 13,374 28 Postal receipts>:' 58,899 1 -1 End-of-month deposits (thousands) t $ 11,713 Ruildin~ permits less fed~ral contracts 211,200 -80 -45 
16 6

Annual rate of deposit turnover . 13.4 	Bank debits (thousands) 85,102
15 End-of-month deposits (thousands) t 96,436 Annual rate of deposit turnover . 10.6 
STRATFORD (pop. 2,500 ') 	22 -14
-
Postal receipts• S 

Nonfarm placements 	418 
2,371 -20 -2;) 
Building permits less federal contracts 5 71,800 ­

14 Bank debits (thousands) . $ 16,567 40 ;;2 WEATHERFORD (pop. 9,759) End-of-month deposits (thousands) t 6,130 14 I !) Postal receipts* $ 15,301 -17 -3 Annual rate of deposit turnover . 34.5 42 Building permits less federal contracts 167,648 -60 237 
41 
12

End-of-month deposits (thousands) j: . $ 19,251 
For an explanation of symbols see p. 202. 

TEXAS BUSINESS REVIEW 


BAR OF TEXAS BUSINESS 

(All figures are for Texas unless otherwise indicated.) 
11 indexes are. based on the average .m~nths for 1957-195.9 except where other specification is made; all except annual exes are adJu.su;d f?r seasonal. vana~ion unless otherwise noted. Employment estimates are compiled by the Texas Em­yment Commission m cooperation with the Bureau of Lr bor Statistics of the U.S. Department of Labor. The sy1.ibols d below impose qualifications as indicated here: '''-preliminary data subject to revision; r-revised data; #-dollar 
ls for the calendar year to date; §--dollar totals for the fiscal year to date; t-employment data for wage and salaryrkers only. 
Y ear-t<>-date average
May Apr May1969 1969 1968 1969 1968 

GENERAL BUSINESS ACTIVITY 
exas business activity (index) . 243.8* 248.6* 218.8' 243.8 210.7 holesale prices in U.S. (unadjusted index) . 112.8* 111.9* 108.5' 111.6 108.0 Consumer prices in U.S. (unadjusted index) . 126.8 126.4 120.3 125.5 119.5 
ncome payments to individuals in U.S. (billions, at 
seasonally adjusted annual rate) . .......... $ 735.0* $ 731.2* $ 678.2' $ 726.2 $ 667.7 Business failures (number) . 28 34 35 28 39 Business failures (liabilities, thousands) .. $ 9,641 $ 9,569 $ 2,881 $ 7,457 $ 3,347Newspaper linage (index) . 128.1 120.0 121.5 126.1 125.1 Sales of ordinary life insurance (index) . . . . . . . . . . . . . . . . 239.9 243.2 240.0 232.0 215.0 
TRADE Ratio of credit sales to net sales in department and apparel stores . . . . . 62.4* 70.9* 63.4' 62.7 63.2 Ratio of collections to outstandings in department and apparel stores 33.6* 32.9* 34.7' 30.5 32.4 
PRODUCTION Total electric-power use (index) . 230.6* 244.2* 217.4' 235.7 214.0 Industrial electric-power use (index) . ........ 218.4* 226.5* 196.9' 220.1 194.6 
Crude-oil production (index) . 116.8* 110.5* 115.7' 108.4 114.4 
Average daily production per oil well (bbl.) . 15.8 15.4 15.4 15.1 15.8 Crude-oil runs to stills (index) . 139.2 133.7 137.6 131.5 132.0 Industrial production in U.S. (index) . 172.8* 171.8* 164.2' 170.9 162.6 Texas industrial production-total (index) 171.6''' 171.1 * 164.7' 170.3 163.3 Texas industrial production-total manufactures (index) 195.7* 195.0* 186.4' 194.3 182.5 Texas industrial production--durable manufactures (index) 216.3* 214.1 * 201.9' 214.5 196.0 ·Texas industrial production-nondurable manufactures (index) 181.9* 182.2* 176.1' 180.8 173.6 Texas industrial production-mining (index) 125.9* 125.7* 124.7' 122.5 126.3 Texas industrial production-utilities (index) 228.l * 228.1 * 207.6' 240.6 211.9 Urban building permits issued (index) . 202.9 200.2 178.2 196.7 163.6 New residential building authorized (index) .. 152.8 193.2 146.6 164.9 142.6 New nonresidential building authorized (index) .. 300.5 208.7 233.6 251.9 198.6 
AGRICULTURE Prices received by farmers (unadjusted index, 1910-14=100) 269 262 241 258 243 Prices paid by farmers in U.S. (unadjusted index, 1910-14=100) 374 372 354 369 350 Ratio of Texas farm prices received to U.S. prices paid 
by farmers 72 70 68 70 69 
FINANCE Bank debits (index) . 275.0 278.2 237.4 272.2 227.6 Bank debits, U.S. (index) . 316.9 307.8 263.7 307.1 256.1 Reporting member banks, Dallas Federal Reserve District 
Loans (millions) 6,042 6,140 $ 5,232 $ 6,044 $ 5,191
$ $ 

Loans and investments (millions) . $ 8,538 $ 8,894 $ 7,698 $ 8,746 $ 7,688 
Adjusted demand deposits (millions) $ 3,358 $ 3,227 $ 3,168 $ 3,345 $ 3,117 Revenue receipts of the state comptroller (thousands) $352,830 $280,967 $310,720 $ 247,941 $ 222,139 Federal Internal Revenue collections (thousands) . $769,374 $587,606 $643,245 $5,879,164§ $5,124,631§ Securities registrations-original applications 
Mutual investment companies (thousands) . $ 29,491 $ 15,700 $ 40,345 $ 301,811§ $ 319,949§ 
All other corporate securities Texas companies (thousands) . $ 22,793 $ 29,089 $ 10,675 $ 208,368§ $ 116,084§ Other companies (thousands) $ 93,219 $ 42,854 $ 12,569 $ 387,332§ $ 140,448§ 
Securities registrations-renewals Mutual investment companies (thousands) . $ 30,310 $ 29,867 $ 26,903 $ 249,456§ $ 144,621§ Other corporate securities (thousands) . . . . $ 2,744 $ 1,987 $ 3,761 $ 9,745§ $ 14,567§ 
LABOR Total nonagricultural employment in Texas (index) . 144.0* 143.5* 137.0' 142.9 135.1 Manufacturing employment in Texas (index) . . . 150.0* 149.6* 146.l' 148.4 143.4 Average weekly hours-manufacturing (index) . . . 101.5* 101.3* 102.9' 101.1 101.1 Average weekly earnings-manufacturing (index) . 145.2* 144.8* 141.4' 142.5 137.1 Total nonagricultural employment (thousands) . 3,557.2''' 3,541.5* 3,383.0' 3,510.9 3,328.2 
Total manufacturing employment (thousands) 724.2* 723.3* 705.3' 716.1 692.2 Durable-goods employment (thousands) 411.8* 409.6* 396.1' 406.9 385.7 Nondurable-goods employment (thousands) 312.4* 313.5* 309.2' 309.2 306.5 
Total civilian labor force in selected labor-market areas (thousands) . . . 3,303.1 3,286.2 3,159.2 3,265.7 3,116.7 Nonagricultural employment in selected labor-market areas (thousands) . 3,114.8 3,109.6 2,986.7 3,089.7 2,960.6 Manufacturing employment in selected labor-market areas (thousands) . . . . . . . . . . . 611.6 623.6 595.9 612.8 586.9 Total unemployment in selected labor-market ar2as (thousands) . . . . . . . . . . . . . . . . . . . .. 88.5 80.1 81.0 81.8 77.7 Percent of labor force unemployed in selected 
2.5

labor-market areas ... . ............ 2.7 2.4 2.6 2.5 


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Two Recent Publications 

DIRECTORY OF TEXAS MANUFACTURERS 

The nineteenth revision of a very useful tool for all those interested in the status of industry in Texas is now off the presses. In it over 10,900 Texas manufacturers are cross-indexed by name, by location, and by ·products. The 1969 Directory of Texa.~ Manufacturer.~ represents a complete revision of the pre­vious edition. Part I, a complete alphabetical section, lists firms by name, with their home offices. Part II, an alphabetical list of manufacturing plants by cities, indicates the products made by each firm, the approximate number of employees, and the distribution of its products. This section also provides accurate, up-to-date addresses, names of proprietors or executives, and the year each firm was founded. In Part III the plants are listed according to products manufactured as classified by the Standard Industrial Classification. The Directory contains also a list of Texas counties in which manufacturing plants are lo­cated and an alphabetical index of products. 
Twentieth edition. 1969. 783 pp. $20.00 
Texas residents pay 4-percent sales tax. 


LIST OF PUBLICATIONS 

The 1969 listing of the publications of the Bureau of Business Research classifies them by subject and series. It is issued free of charge upon request. 29 pp. 
BUREAU OF BUSINESS RESEARCH 


THE UNIVERSITY OF TEXAS AT AUSTIN 
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