TEXAS BUSINESS REVIEW VOL. XL IV, N 0. 7' JULY 1970 Editor, Stanley A. Arbingast; Associate Editor, Robert H. Ryan; Managing Editor, Graham Blacksi!ock Editorial Board: Stanley A. Arbingast, Chairman; John R. Williamson; Joe H. Jones; Graham Blackstock. CONTENTS ARTICLES 165: THE BUSINESS SITUATION IN TEXAS, by Robert B. Williamson 168: TEXAS IN THE SEVENTIES: 5. DEMOCRATIC FULFILL­MENT THROUGH EDUCATION-PART ONE: AN EDU­CATED CITIZENRY, by Graham Blackstock 176: CONSTRUCTION IN TEXAS, by Stanley A. Arbingast 178: SOME COMMENTS ON THE PRELIMINARY 1970 CENSUS DATA, by Stanley A. Arbingast TABLES 166: SELECTED BAROMETERS OF TEXAS BUSINESS 166: BUSINESS-ACTIVITY INDEXES FOR 20 SELECTED CITIES 169: ENROLLMENT IN TEXAS PUBLIC SCHOOLS 170: ENROLLMENT PROJECTIONS, TEXAS PUBLIC AND PRI­VATE INSTITUTIONS OF HIGHER EDUCATION 175: COLLEGE-GOING RATES FOR SELECTED COUNTIES BEFORE AND AFTER THE OPENING OF A PUBLIC J UNIOR COLLEGE WITHIN THE COUNTY 175: ENROLLMENT IN VOCATIONAL-TECHNICAL PROGRAMS, TEXAS PUBLIC JUNIOR COLLEGES 176: MULTIFAMILY DWELLING UNITS AUTHORIZED IN SE­LECTED STANDARD METROPOLITAN STATISTICAL AREAS, JANUARY-MAY 1970 AND 1965 177: ESTIMATED VALUES OF BUILDING AUTHORIZED IN TEXAS 180: LOCAL BUSINESS CONDITIONS BAROMETERS OF TEXAS BUSINESS (inside back cover) CHARTS 165: ESTIMATED PERSONAL INCOME, TEXAS 167: INDUSTRIAL PRODUCTION-DURABLE MANUFACTURES, TEXAS 169: DISTRIBUTION OF TEXAS SCHOOL-AGE POPULATION-­METROPOLITAN AND NONMETREPOLITAN 169 : PROJECTED PUBLIC-SCHOOL ENROLLMENTS 177: TOTAL BUILDING AUTHORIZED, TEXAS 177 : RESIDENTIAL BUILDING AUTHORIZED, TEXAS 177: NONRESIDENTIAL BUILDING AUTHORIZED, TEXAS MAP 179: TEXAS COUNTIES: POPULATION CHANGE, 1960-1970 Stockton; Francis B. May; Robert H. Ryan; Robert B. BUREAU OF BUSINESS RESEARCH Directo1·: Stanley A. Arbingast Special Research Associate: Joe H. Jones A ss·istant to the Director: Florence Escott Stati1;tician: John R. Stockton Consulting Statistician: Francis B. May Systems Analysts: Dennis W. Cooper, Richard Scamell Cooperating Faculty: Charles T. Clark, Lawrence L. Crum, William T. Hold, Jerry Todd, Ernest W. Walker, Robert B. Williamson Administrative A ssistant: Margaret Robb Research Associates: Graham Blackstock, Willetta De­ment, Margaret Fielder, Carolyn Greene, Ida M. Lam­beth, Robert M. Lockwood, Robert H. Ryan, Lamar Smith, Charles P. Zlatkovich Statistical Associate: Mildred Anderson Statistical Assistants : Constance Cooledge, Glenda Riley Statistical Technicians: Kay Davis, Lydia Gorena Computer Assistants : Richard Bernstein, Charles Jordan, David King Cartographers: Penelope Lewis, James Weiler Librarian: Merle Danz Administrative Secretary : Jeanette Pryor Administrative Clerk: Nita Teeters Senior Secretary : Susan Murphy Senior Clerk Typist : Deborah Frishman, Stella Saxon Senior Clerk: Salvador B. Macias Clerks: Edward Hildebrandt, Karen Schmidt Offset Pres.~ Operators: Robert Dorsett, Daniel P. Rosas COVER DESIGN BY CHARLOTTE HAGE Published monthly by the Bureau of Business Research, Graduate School of Business, The University of Texas at Austin, Austin, Texas 78712. Second-class postage paid at Austin, Texas. Content of this pub­lication is not copyrighted and may be reproduced freely, but acknowl­edgment of source will be appreciated. The views expressed by authors are not necessarily those of the Bureau of Business Research. Subscrip­ tion, $4.00 a year: individual copies 35 cents. The Bureau of Business Research is a member of the Associated University Bureaus of Business and Economic Research. THE BUSINESS SITUATION IN TEXAS Robert B. Williamson The pace of economic acti\·ity continued to slow do\1·n in Texas and the nation during :\lay and early June. with no conYincing signs of an immediate upturn. Texas personal income in :\Iay showed one of its sharpest declines in recent years. Detailed information on national income payments suggests that the estimated 3-percent seasonally adjusted decline in state income from ..\pril to :\Iay was something more than just a random estimation error. The change may h:we been partly ran­dom, but only in the sense that it can be partial!~· ex­plained by special nonrecurring circumstances. Xational personal income has registered a pattern of changes o\·er the past few months similar to that for the state-a sizeable increase in April o\·er the len'l of the first quarter and then a do\1·nward adjustment in :Ila~-. Large lump payments in ..\pril for retroacti,·e increases in social-security benefits and federal-goYernment salaries were largely responsible for these changes at the national le,·el. Were it not for these special payments the na­tional income totals would ha,·e changed little from :\larch through :IIay. The Texas personal-income figures un­doubtedly were influenced significant!~· by these special payments too, but the Texas income drop in :\lay \l"aS relatil-ely sharper and the state·s year-to-year growth of income for the first Ii.Ye months of 1070. at 7 per­cent, was slower than the national g-ro1,·th rate of nearl~­8 percent. Texas bank debits, another indicator of general eco­nomic acti\·ity and a series used in c'stimating Texas personal income, also registered a lari;:e seasonally adjusted decline in :\lay. The decrease fro1:1 April "·as G perc«nt. in rnntrast to a national dt•crease in bank debits of only l pprcent. For the first tin• months of 197ll Texas debits sho\\'ed a ~«'ar-to-year gro\\'th rate oi ~) percent. while tlw ccnTesponding national gro1\ih rate was 11 pprcent. Industrial production in Texas. after haYing stood on a plateau since January. edged do\nl\rnrd in :\Iay led by dc>creases in durabk-goods manufacturing. It appears that industries producing militar,· aircraft. spacecraft components. and electronics equipment for the defense and space program;; account fo1· a major share of the softness in Texa;; industrial production during the past few months. Tlw national total of industrial output, 5easonally adjusted. also declined during :\Ia,-, to con­tinue the general!~· moderatt> hut persistent downtrend "·hich has been under\\'ay since last summe1·. Capital equipment and building materials account for a major share of the recent declines in national output. Consumer­goods production has hern rising throughout the nation during the past fe11· months. led by upturns in automobile and appliances production. Crude-oil prnduction has been a supporting factor in Texas industrial production this year. The seasonal!,· adjusted index of Texas crndc-oil output rose :3 percent in :\Iay and awraged 12 percent higher than a year earlier during the fi.rst fi.,·e months of the year-a gro\1ih rate double that of total industrial production in Texas and more than double that of total minerals production in the nation. :\Iearnl"l1ile. crnde-oil runs to st.ills, an indicator of oil refining and other processing actiYity, han• not sho\\·n an,· gro\\·th thus far this year and in ESTIMATED PERSONAL INCOME, TEXAS Index Adjuated for Seaaonal Variation -1957-1959= 100 SOURCE: Quarterly measures ofTexas personal income made by the Office of Business Economics. U.S. Department ofCommerce. Monthly altocauons of quarterly measures. and estimates of most recent months. made by the Bureau of Business Research with regression relationships of time. bank debits. and manufacturing employment. 16'1 Jl"LY 1970 May were down slightly on a seasonally adjusted basis. The strong growth in Texas crude-oil production was scheduled to be curtailed in June and July, however, because of cuts by the Texas Railroad Commission in maximum permitted production. Future demands for production will be weakened not only by any continuation of the general economic slowdo·wn but also by some re­cently announced increases in oil-import authorizations, which will be supplied mainly from Canada and Venezu­ela. The likelihood of further general reductions in indus­trial production is suggested by recent trends in inven­tories and new orders relative to sales and producers' plans. Available national data reveal that manufacturers' inventories rose sharply in April while sales were falling. The rate of inventory accumulation was well above that which surveys show was intended by the manufacturers. Meanwhile, new orders to manufacturers have been run­ning behind current sales, with the result that backlogs of orders have been shrinking. Excessive inventory ac­cumulation and shrinking backlogs generally can be ex­pected to lead to cutbacks in production. Building activity, like oil production, has been a major supporting factor in the Texas economy thus far during 1970. Although the value of Texas urban building author­izations was less during the first five months of 1970 than in the same period a year ago, the monthly trend has been upward since February. The nonresidential building trend in the state is expected to receive fur­ther encouragement later in the year from the antici­pated authorizations of some major office buildings which are already in the planning stage. On the other hand, SELECTED BAROMETERS OF TEXAS BUSINESS !Indexes-Adjusted for seasonal variation-1957-1959=100) Percent change Year-to­date Year-to­average date May 1970 1970 May April average fl'om from Index 1970 1970 1970 April 1970 1969 Estimated personal income . 215.5* 222.4* 219.7 -3 Crude-petroleum production .......125.7• 122.5* 121.9 12 Crude-oil runs to stills .. 136.4 137.3 132.0 -1 Total electric-power use . 256.9" 256.8* 254.6 Industrial electric~power use 228.3* 235.6* 231.7 -3 Bank debits .287.0 304.8 295.6 -6 Urban building permits issued . . . 206.2 181.0 179.9 14 -9 New residential .. . ...156.5 134.6 131.3 16 -20 New nonresidential .... 298.5 256.0 261.5 17 Total industrial production ............ 175.5* 180.6* 179.4 -1 Total nonfarm employment 151.0* 150.7'* 150.2 Manufacturing employment . .. .. .... . 152.6* 153.6* 154.4 --1 Total unemployment 97.7 84.8 82.4 15 26 Insured unemployment 68.2 66.7 63.4 2 52 Average weekly earnings.­manufacturing ... . .... 149.3* 150.0* ·149.0 •• 5· Average weekly hours-manufacturing 99.0* 99.5 99.6" -1 -2 " Preliminary. ** Change is less than one half of 1 percent. the national trend of business spending for new plant and equipment appears to be weakening. To the extent that this development influences nonresidential construc­tion demands within Texas, it should serve to slow the growth of nonresidential building authorizations in the state from the high 20-percent growth rate recorded in 1969, even if it does not cause an actual decline in these authorizations. The federal government's latest national survey of business capital-spending plans for 1970, released in June, revealed that plans have been scaled back to a 7.8-percent increase over 1969 spending. This is down from an antici­pated increase of 10.6 percent reported three months earlier and an actual growth rate of 11.5 percent dur­ing 1969. Even this latest projection may be high in view of current declines in sales and profits and the low rates of plant utilization. Seasonally adjusted na­tional totals of corporate profits have decreased each quarter since the first quarter of 1969, and the latest available data for the first quarter of 1970 show an acceleration of the decline. Manufacturers throughout the nation are currently using less than 80 percent of their production capacity, the lowest rate since 1961, and they already have made cutbacks in their capital appropri­ations and new orders for machinery which will be re­ flected in future surveys of capital-spending plans. Cap­ital appropriations by oil companies, utilities, and trans­portation companies also indicate a further retrench­ment in capital-spending plans. Residential construction, although depressed in com­parison with year-earlier levels, has contributed to the monthly gains in Texas building authorizations during the first part of 1970 and is a sector which is expected to gain strength as the year progresses. The main pro­pelling force behind the expected rise in homebuilding is the large backlog of housing needs. The principal uncertainties surrounding the outlook for homebuilding BUSINESS-ACTIVITY INDEXES FOR 20 SELECTED TEXAS CITIES (Adjusted for seasonal variation-1957-1939=100) Percent change Year-to­ date Index May• 1970 April' 1970 Year-to­date average 1970 May 1970 from April 1970 average 1970 from 1969 Abilene ... . . 136.8 148.8 139.6 -8 -1 Amarillo ...... . . 186.9 205.4 202.2 -9 7 Austin ... ... 338.2. 334.2 336.6 1 -6 Beaumont . .........169.5 198.4 181.7 -15 -6 Corpus Christi .. 158.1 160.7 161.2 -2 Corsicana .. 155.4 182.3 163.9 -15 Dallas .. 302.9 333.9 324.6 -9 El Paso .... . ... 141.1 163.5 153.5 -14 Fort Worth 196.8 194.9 185.6 Galveston .. 122. 7 130.4 132.1 -6 Houston . 265.8 281.6 211.a -6 Laredo . 224.8 273.6 249.0 -18 Lubbock ........ . . 157 .7 181.() 157.7 -13 -6 Port Arthur . . .... . . 111.2 121.8 117.9 -9 San Angelo . .. 165.4 180.7 173.3 -8 San Antonio 200.8 220.1 211.4 -9 Texarkana . . 199.3 228.3 213.1 -13 -15 Tyler ......167.0 179.9 174.8 -­7 -2 Waco .. 194.4 207.8 196.6 -6 Wichita Falls 122.0 138.4 127.7 -12 -9 • Preliminary. ' Revised. TEXAS BUSINESS REVIEW are ( 1) how seriously will the federal government's deficits (which had not been anticipated earlier in the year) affect mortgage-credit supplies, (2) how large will be the actual scope of promised government programs to channel funds into residential mortgages, and (3) how willing will be consumers to commit themseh·es to new home purchases in the face of signs of a continued weak­ening of the general economy. Based on past cyclical patterns of homebuilding influences in relation to broad economic and political developments, it is expected that credit supplies and consumer incomes and confidence will be adequate to support a general uptrend in Texas and national homebuilding during the remainder of the year. Government and Federal Resern policies at present are moderately expansive. The Federal Reserve has per­mitted the money supply to expand at an average 5.5 percent annual rate in the first five months of 1970 after holding the supply practically le,·el during the last half of 1969. The federal government's budget, accord­ing to official estimates, will show deficits of $1.8 billion for the fiscal year entling June 30 and $1.3 billion for the year starting July 1. This is in contrast to pre,·ious official forecasts of surpluses for these periods and an actual surplus of $3.2 billion in fiscal year 1969. The deficits tend to stimulate general economic activity, al­though they in themseh·es tend •o tighten credit sup­plies and thereby slow residential construction and other acti,·ities heavily dependent upon credit availability. l'n­official forecasts of the go,·ernment's budget balance for the fiscal year beginning July 1 range from a larger deficit of $4.5 billion or more for the year to a fore­cast of steady improvement in rennues relatiYe to spend­ing to bring the balance up to a sizeable surplus in the spring of 1971. The slowing of growth for many indicators of Texas business acti,·ity has been accompanied by a slight slow­ing in the growth of Texas nonagricultural employment. During the first fi\·e months of 19i0 Texas nonfarm em­ployment grew 4 percent from a year earlier, or only slightly less than the 5-percent gro\\·th recorded during 1969. The seasonally adjusted employment increase in '.\lay was at a still slower pace, however, and the season­ally adjusted level of unemployment increased 15 per­cent in :\lay and averaged 26 percent higher than a year earlier during the first fi,-e months of the year. Despite these adverse trends, the a\·erage unemployment rate in the major labor markets of Texas in }lay was only 3.3 percent, which is significantly less than the comparable seasonally unadjusted rate of 4.1 percent for the nation as a whole. }Ianufacturing has accounted for much of the slowdown in employment gro\\ih in Texas this year. Retail sales have reflected a greater slowing of gro\\ih than ha,·e personal-income totals in Texas and the nation, according to available information. For the January­April period gonrnment estimates show that year-to­year growth of retail sales averaged 3 percent for both Texas and the nation, or less than one half the growth rates for personal income. Durable-goods stores reported much smaller gains than did sellers of nondurable goods. Weekly department-store sales data from the Federal Reserve Bank of Dallas indicate that the grO\\ih rate of Texas retail sales during }fay and early June made no JULY 19i0 significant improvement, if any. Government estimates of national retail sales also indicate a continuation of the 3-percent year-to-year gro\\·th rate during }lay. Pre­liminary figures for the first half of June show that the growth rate fell to only 1 percent. One important category of retail sales has begun to register improw­ment, however. From rnid-}Iay to mid-June the season­ally adjusted sales rate for C.S.-made cars rose to the highest le,·el for the year. The results of sun·eys of consumer attitudes and buy­ing plans released in late }fay and June portray con­sumers as continuing to be cautious and not planning any significant increases in their purchases of most ma­jor goods. Inflation may be finally beginning to slow in the state and the nation. The actual slowing thus far is slight, however, and most analysts have been fooled before dur­ing the past six months by false signs of a slowdown in inflation. The national consumer index rose 0.4 percent in }lay compared \\'ith a 0.6-percent rise the previous month. Helping to slow the increase were price reduc­tions for meats, poultry, and fish. Less detailed consumer price reports for Dallas and Houston for the month of }lay re,·eal a pattern similar to that shown by the na­tional reports. National wholesale price averages during the past fe\\· months indicate an enn greater slowing of prices. Declines in wholesale prices of farm and food products helped to hold the '.\Iay average for all com­modities to only 0.3 percent abow the le\·el of three months earlier. Preliminar~· figures for June indicate that wholesale price ad,·ances remained at the moderate pace of the pre,·ious month. In addition, an index of sen­siti,·e prices of raw materials has trended steadily down­ward since February. Furthermore, the a\·erage labor cost per unit of output has le,·eled off since the start of the year. This reflects an impronment in productivity and is an encouraging sign that labor costs are placing less upward pressure on prices. For Texas and the nation as a whole the current eco­ nomic picture is one of a general but moderate slow­ down in production, moderate increases in unemployment, growing credit supplies, \\·hich are expected to support an expansion in the depressed homebuilding industry, and evidence of some slowing in the rat€ of inflation. _.\. resumption of overall economic gro\\ih without an immediate intensification of inflation pressures is gen­ erally expected to occur before the end of the year, but trends in leading indicators suggest that major economic expansion will not occur until 1971. INDUSTRIAL PRODUCTION DURABLE MANUFACTURES, TEXAS NOTE: Shaded area• ind1cate peria.d1 of decline o! toa l bu1ine11 •ct-iv1ty in the Uruted S~te1 . SOOaCE: Federal Rt.terve Bank of O.l1a1. TEXAS IN THE SEVENTIES 5. DEMOCRATIC FULFILLMENT THROUGH EDUCATION PART ONE--AN EDUCATED CITIZENRY Graham Blackstock• This year's Texas grad will be astounded when he re­visits his alma mater in 1980. The 1970's are a new era in education, a period which will introduce dramatic innovations while adjusting to a dynamically changing society, innovations which will change the physical face of education and will alter its purpose and spirit. Al­though disenchantment with the school system is not new-better education has long been a national obsession -the murmur of discontent has now become a clamor which must be calmed. The advances made by technology and other forms of knowledge require more skills and competence in making a living. The avalanche of knowledge accumulating with almost suffocating volume and rapidity means con­stant updating of training for vocational and profession­al workers if their efficiency and competence are to be maintained. The divisive and wracking tensions of our time require higher levels of moral stamina to cope with ruthless competition, war, poverty, racism, inflation and general economic insecurity, crime, the deteriorating quality of the environment, the violation of the majority concept of the democratic process by confrontations, weak­ened American unity, and the general crisis of confidence in the American dream. The schools must develop in their students these needed and ever-changing skills, these competences, and this moral stamina. Amidst a continuing turmoil of events and jeopardy of spirit, education during the seventies will quest for '.11eans of saving America, by developing the citizenry mto truly educated individuals. The quest will search for a sy~tem which will provide universally, for all types of children, young folks, and mature adults, an education truly relevant to their needs. The schools must produce social, economic, and human equality for the citizens of America. Texas must provide this new education for Texans. <::The author is grateful to numerous t."" Pri\·ate housing starts in the l.'nited States and Texas han he<'n running about 20 percent belo\\' 1969 starts, but prrssurE:s for new housing at the national lewl are accelrrating because a larger number of persons than E'\·er before are reach­ing marriageable age. Texas feels the same pressures as those on the nation. :\Iost economists concur in the belief that any im­proYement in the rate of new housing starts during the second half of the year "·ill be moderate. Three ad\·erse factors \\'Ork against gro\\'th: mortgage funds are still scarce; the cost of labor is increasing sharply; and prices for materials are rising. On the other hand, if the f!O\\' of prirnte funds into the mortgage market regains some of its former momentum and if federal and state go\'ernment agencies continue to push housing pro­grams effecth·ely, residential acth·ity should pick up by late summer 01· early fall. 's ID! G HT Percent change Jan-May May Jan-May 1970 1970 1970 May 1970 from from Jan-May Classification (thousands of dollars) April 1970 1969 ALL PERMITS ..... . 215,459 939,517 12 9 New construction . 194,764 843,165 14 -9 Residential (housekeepinJ<) rn -o~ tf(\/"\ iti.7 on...family dwellings 221,747 3 -17 Multipl"'family dwellings 45,631 187,390 38 -24 Nonresidential buildings 97,955 434,02.8 16 Hotels, motels, and tourist courts 12,120 20,263 416 53 Amusement buildings 1,206 33,836 -73 242 Churches 3,826 17,712 -46 3 Industrial buildings 8,101 49,044 -39 Garages (commercial and private) 2,357 5,776 160 -32 Service stations 497 5,878 -58 -30 Hospitals and institutions 29,516 48,077 408 66 Offic"'bank buildings 11,025 92,572 -23 80 Works and utilities 3,063 18,545 -27 -4 Educational buildings 6.216 49,427 -23 -50 Stores and mercantile buildings 17,982 81,407 -13 Other buildings and structures 2,046 11,491 -16 -65 Additions, alterations, and repairs 20,695 96,352 -2 SMSAt vs. NON-SMSAt Total SMSA 192,040 827,515 12 -11 Central cities 143,42.8 618,152 18 -6 Outside central cities 48,612 209,363 -2 -24 Total non-SMSA 23,419 112,002 14 13 10,000 to 50,000 population 13,853 58,461 12 Less than 10,000 population 9,566 53,541 17 35 :t;: Only buildings for which permits were issued within the incol'J)orated area of a city are included. . t Standard metropolitan statistical area as defined m 19&0 Census and revised in 1968. Source: Bureau of Business Research in cooperation with the Bu­ reau of the Census, U.S. Department of Commerce. 177 SOME COMMENTS ON THE PRELIMINARY 1970 CENSUS DATA Stanley A. Arbingast The preliminary 1970 Census count indicates that on April 1 Texas had 10,981,447 people. This number is somewhat below the projection of 11,187,000 for July 1, 1969, and of 11,399,000 for July 1, 1970, published pre­viously by the Bureau of the Census, and it is approximate­ly one million below the projection of 12 million for De­cember 1970 made by the Bureau of Business Research in the mid-1960's.·:· Preliminary figures for many com­munities in the state were far below local expectations; in fact, several cities of substantial size lost population. Final revisions, after a thorough recheck by Census personnel, will probably bring these disappointing figures to a total in excess of 11 million. In contrast to some local forecasts, the annual esti­mates made by the Population Research Center and published each spring in the Texas Business Review appear to have been remarkably accurate, in view of the Census counts. Fortunately for the staff of the Center, they have confined their activity to estimating current population and have stayed away from the pre­carious business of forecasting. A number of reasons explain why forecasters at state and local levels were too high in their predictions. First and foremost, the decline in the birth rate had a greater effect than was anticipated. Second, the assumption in general use by forecasters that a utility meter con­nection serves an average of from 3.0 to 3.5 persons clearly appears too high. Obviously, many more dwellings are occupied by only one or two persons than was the case when the 1960 Census was taken. T,hird, auto­mation of agriculture, of mineral production and explora­tion, and of manufacturing has proved to be more of a loss factor than was assumed generally. Most counties in which the economy is more dependent on agriculture and mineral production than on other activities show population declines. People leave the farm as agricul­tural procedures are further mechanized. Farms become larger. A loss occurred even in Hale County, for many years one of the leading counties in agricultural in­come in the nation. Declines in mining activity and automation of production facilities in place were the major causes for declines in counties such as Andrews, Crane, Ector, Scurry, and Midland, all of which gained population rapidly in the forties and fifties. Unlike the pine trees of East Texas, minerals are not a re­newable resource. Most astonishing, however, was the decline of almost 3,000 in Jefferson County, where the huge Beaumont-Port Arthur chemical and refining com­plex is located and where impressive amounts of new capital were invested in manufacturing facilities dur­ing the decade of the sixties. Forecasters, particularly those working at local levels, have been too optimistic for other reasons. In some *The Bureau did no.t assume a decline in the birth rate or shortages of water. instances they failed to consider the effects of demoli­tions of dwellings to make way for expressways, parking lots, new commercial structures, and convention and civic centers. In other cases the predictors were overly im­pressed by the substantial rises in the number of em­ployed persons in a community, neglecting to correlate growth in jobs to the expansion in the number of fam­ilies in which the husband and wife are both wage earners. New jobs mean that more money circulates within a community but do not always imply propor­tional immigration into the area. Importantly, some fore­casters failed to take into consideration that, although most Texans claim to abhor commuting to work, many in fact do commute. Some agricultural counties lost fewer people than might have been anticipated, or they gained slightly, because their residents prefer to com­mute to work rather than move to the job site in a nearby county. For example, many employees of The University of Texas at Austin commute from locations as far away as Taylor in Williamson County. Journey-to­work data for Texas to be included in final 1970 Census tabulations will provide some interesting information on commuting-to-the-job trends. Other forecasters neglected to remember that college and university students are considered residents of the community where they attend school unless they drive to classes each day from out of the city where the institution is located. All but three counties where state­supported four-year institutions of higher education are located had substantial population gains. Exceptions were Jefferson (Lamar State College of Technology) , Hidalgo (Pan American College), and Wichita (Midwestern Uni­ versity) Counties. Several significant population-distribution trend·s in Texas worth studying during the seventies can be identi­fied on the map on the facing page. They include: 1. Far more counties served by Interstate Highways 35 (Dallas-Fort Worth to San Antonio) and 45 (Houston to Dallas) gained than lost. This development tends to confirm the forecast that the Dallas and Fort Worth­San Antonio-Houston triangle is where a high proportion of the economic growth in the state will take place during the next few decades. 2. More coastal counties gained than lost. The coastal area is attractive not only to investors in industrial activities but also to the investors in recreational facili­ties. These counties will continue to grow rapidly dur­ing the seventies. 3. Construction of new reservoirs and development of residential, resort, and recreational facilities along shorelines of inland lakes is contributing to growth in several areas, particularly in the Hill Country ·west of Austin and San Antonio, where all counties except Blanco increased in population. 4. Deficiencies in water would seem to be affecting the growth potential of West Texas adversely. The area to the east of Fort Worth and San Antonio contains most of the counties which gained residents; this is the portion of the state which has the most rainfall and! the most dependable water supply. 5. Texans are continuing to crowd into the state's major urban centers-Houston, Dallas, San Antonio, Fort Worth, El Paso, and Austin-at the expense of other TEXAS BUSINESS REVIEW parts of the st3te. Among these six urban arMs ..\ustin had the largest percentage gain-32.3 percent. Three standard metropolitan statistical areas-Houston, Dallas, and Fort Worth-account for almost 40 percent of the population. If the population of the San Antonio S:\ISA is added to that of these three, the total approaches 50 percent. Some suburban communities, such as Pasa­dena in the Houston S:\IS . .\, Ining and Garland in the Dallas SMSA, and Arlington in the Fort Worth S:\IS . .\. a.re now larger than the central cities of some SMSA's­ for example, Odessa, Laredo, San . .\ngelo, :\Iidland. and Tyler. Forecasters for the four largest cities didn't realize that the rate of gro\\'th of their suburbs is out­stripping the gro\\'th rah' of tlw crntral city. Ry J!lSll or 1990 population in thr largPst of tlw central citiPs may eYen decline. It is clear that by 1!180 the statisticall,· larger stand­ard metropolitan areas \\'ill haYe much stronger influence on politics, on decision making relati,·e to social prob­lems, and on the economy than they han• had in the past. TEXAS COUNTIES POPULATION CHANGE 1960-1970 (PRELIMINARY 1970 CENSUS REPORTS ]• JULY 1970 LOCAL BUSINESS CON DITIONS Stal'istical datn compiled by Mildred Anderson, statistical associate, Con.qtan<:e Cooled,qe and Glenda Riley, statistical assistant:;, and Kay /irwig and Lydia. Gorena, statistical technicians. The indicators of business conditions in Texas cities which are included in this table are statistics on banking debits, building permits, and employment. The cities have been grouped according to standard metropolitan statistical areas. In Texas all twenty-three SMSA's are defined by county Jines; the counties included are listed under Pach SMSA. An area already functioning in many ways as an S'.\1SA, but not yet so designated ofiicially, has been added-the Longview-Kilgore-Glade­water Metropolitan Area. The populations shown for the SM SA's and for the counties are preliminary estimates of the 1970 census. The population shown after the city name is the 1960 Census figure, unless otherwise indicat­ ed. Cities in S'.\lSA's are listed alphabetically under their appropriate SM SA 's; al I other citiPs are listed alpha­betically as main entries. Symbols used in this table include: (a) Separate employment data for the Midland and Odessa S'.\1SA's are not available, since employment figures for Midland and Ector Counties, composing one labor­market area, are recorded in combined form. (b) Data restricted to Gregg County. (p) Preliminaary 1970 Bureau of Census estimates. (r) Estimates officially recognized by Texas Highway Department. (§) Since the Texarkana SMSA includes inhabitants of Arkansas, the data given here include the population of both Bowie County, Texas, and Miller County, Arkansas. C:"') Change is less than one half of 1 percent. (x) Sherman-Denison SMSA : a new standard metro­ politan statistical area, for which not all categories of data are now available. n.a. Not available. ALPHABETICAL LISTING OF SMS ND ( TIES £" S'VJ ' Percent change Percent change Local Business Conditions Local Business Conditions May 1970 May 1970 May 1970 May 1970 M•.lY from from May from from City and item 1970 Apr 1970 May 1%9 City and item 1970 Apr 1970 May 1U69 ABILEJ'li.I' '; \ AUS l a (.Jc ~e ·•nd 1'· :)I 1 ') 1611 Tr v · p1 I ~89.490 Building permits less federal contracts $ 652,793 -16 -49 Building permits less federal contracts $16,669,996 79 17 Bank debits (thousands) . s 175,007 ¢0 6 Bank debits (thousands) . $ 739,675 -4 Non farm employment (area). 41,000 :)(':: Nonfarm employment (area) . 127,600 :::::: Manufacturing employment (area) 5,475 12 Manufacturing employment (area) 11.775 ¢(':: 15 Percent unemployed (area) 3.2 19 28 Percent unemployed (area) . 1.9 i::.::: 19 ABILENE (pop. 88,433 I') AUSTIN (p-0p. 246,799 P) Building permits less federal contracts $ 652,793 16 -49 Building permits less federal contracts $16,669,996 80 17 Bank debits (thousands) . $ 142,251 6 (':::) Bank debits (thousands). S 839,119 22 8 -6,717 Carrollton (pop. 13,701 P) Nonfarm placements 292 13 30 Building permits less federal contracts S 192,911 -86 G2 Bank debits (thousands) S 9,768 -14 La Feria (pop. 3,740 ') Uuilding permits less federal contracts 7,000 -76 -74 s DALLAS (pop. 836,093 P) ::':¢ Bank debits (thousands) . s 3,405 9 Building permits less federal contracts f IO,H97,!.147 74 lfi Bank debits (thousands) . S 8,708,298 7 Los Fresnos (pop. 1,289) Bank debits (thousands) . 1,596 li Denton (pop. 38,865 ") Building permits less federal contracts 704,000 65 -38 Port Isabel (pop. 3,575) Bank debits (thousands) . 44,571 7 -12 Huilding permits less fed~rnl contracts 31,300 il20 18 Nonfarm placements 83 -8 -2iJ !lank debits (thousands) . 2,386 -15 32 Ennis (pop. 10,904 P) SAN BE ITO (pop. 14,909 P) Building permits less federal contracts 61,100 -49 14 Building permits less federal contracts 75,179 345 306 Bank: debits (thousands) . 8,252 -19 Bank debits (thousands) . 7,830 -9 CORPUS CHRISTI S:\ISA Farmers Branch (pop. 27,177 ") (Nueces and San Patricio; pop. 278,410 •) Bank debits (thousands) . $ 18,036 8 44 Building permits less federal contracts S 1,472,427 52 63 Bank debits (thousands).. 415,128 2 Nonfarm employment (area) . 90,900 Garland (pop. 80,659 ") ¢¢ Manufacturing employment {area) 11,650 5 Building permits less federal contracts S 2,305,909 -57 10 Percent unemployed (area) . 4,2. 14 20 Bank debits (thousands) . S 60,906 -9 Aransas Pass (pop. 6,956) Grand Prairie (pop. 52,409 ") Building permits less federal contracts 107,600 67 124 Building permits less federal contracts S 1,485,789 -43 -10 Bank debits (thousands) . . .. $ 7,486 10 -4 Bank debits (thousands) . $ 28,727 -10 -15 For an explanation of symbols see p, 180. JllLY 1970 Percent change Local Business Conditions Percent change Local Business Conditions May 1970 Ma y 1970 May 1970 May 1970 May from from May from from Apr 1970 May 1969 City and item 1970 Apr 1970 City and item 1970 May 1969 EL PASO (pop. 317,462 P) Irving (pop. 97,457 P) Building permits less federal contracts $ 7,416,995 ­ 17 337 Building permits less federal contracts $ 4,988,270 -33 48 Bank debits (thousands). $ 554,241 -4 3 Justin (pop. 622) FORT WORTH SMSA Building permits less federal contracts (Johnson and Tarrant; pop. 757,105 P) Bank debits (thousands) . 1,146 Building permits less federal contracts $11,998,317 -35 -29 Bank debits (thousands) . $ 2,203,657 23 32 Nonfarm employment (area) . 305,200 •• Lancaster (pop. 10,612 1') Manufacturing employment (area) 93,125 « Building permits less federal contrads $ 189,268 -75 69 Percent unemployed (area) . 3.1 11 48 Bank debits (thousands) . $ 8,378 --5 Arlington (pop. 88,385 P) Building permits less federal contracts $ 2,796,180 -29 -GS Lewisville (pop. 3,956) Bank debits (thousands). S 111,733 -1 Building permits less federal contracts $ 1,194,935 22 Bank debits (thousands) $ 11,202 -4 Cleburne (pop. 16,950 P) Building permits less federal contracts $ 648,285 907 384 Bank debits (thousands) . $ 21,349 -6 McKinney (pop. 14,773 P) Building permits less federal contracts $ 393,680 329 100 Euless (pop. 18, 771 P) Bank debits (thousands) . $ 13,015 -22 19 Building permits less federal contracts $ 204,913 -33 21 Nonfarm placements 32 18 79 Bank debits (thousands) . $ 11,251 -23 -17 FORT WORTH (pop. 388,225 P) Mesquite (pop. 55,101 P) Building permits less federal contracts $ 4,699,63U -34 Building permits less federal contracts $ 1,698,110 -50 -87 Bank debits (thousands). $ 1,701,098 7 14 Bank debits (thousands) . $ 21,269 -13 -3 Grapevine (pop. 4,659 ') Midlothian (pop. 1,580 ') Building permits less federal contracts $ 131,604 38 --25 Building permits less federal contracts 8,000 60 -81 Bank debits (thousands) $ 7,633 Bank debits (thousands) . 1,982 13 North Richland Hills (pop. 16,365 P) Building permits less federal contracts $ 154,900 lri -42 Pilot Point (pop. 1,603 ') Bank debits (thousands). $ 16,539 14 Building permits less federal contracts $ Bank debits (thousands) . $ 2,386 -9 -11 White Settlement (pop. 11,513) Building permits less federal contracts $ 36,308 -87 --84 Plano (pop. 17,600 P) Building permits less federal contracts 2.871.594 102 354 GALVESTON-TEXAS CITY SMSA (Galveston; pop. 165,669 P) Richardson (pop. 47,596 P) -85 Building permits less federal contracts $ 692,505 -47 Building permi'ts less federal contracts $ 1,181,897 20 12 Bank debits (thousands) $ 228,161 Bank debits (thousands) . $ 50,667 -2 17 Nonfarm employment (area) 66,000 17 Manufacturing employment (area) 12,000 13 Percent unemployed (area) . 4.2 31 --19 Seagoville (pop. 4,253 P) Building permits less federal contracts $ 97,032 -52 577 Dickinson (pop. 4,715) Dank debits (thousands) . $ 8,640 24 Bank debits (thousands) . 13,405 -5 GALVESTON (pop. 60,714 P) Terrell (pop. 13,985 P) Building permits less federal contracts $ 349,655 -58 -90 Bank debits (thousands) . 16,821 12 Bank debits (thousands) . $ 132,691 -6 La Marque (pop. 15,984 P) Waxahachie (pop. 13,147 P) Building permits less federal contracts $ 43,100 -23 11 25 Building permits less federal contracts $ 40,000 -94 -49 Bank debits (thousands) . $ 18,653 -6 Bank debits (thousands) . $ 16,347 Nonfarm placements -2 TEXAS CITY (pop. 38,393 P) 58 14 -43 -71 Building permits less federal contracts $ 299,750 -30 - Bank debits (thousands) . S 38,833 5 EL PASO SMSA (El Paso; pop. 347,103 P) HOUSTON SMSA Building permits less federal contracts $ (Brazoria, Fort Bend, Harris, Liberty, and Montgomery; 4,989,220 -33 -48 Bank debits (thousands) . . .. $ 545,953 -7 11 Nonfarm employment (area) . 115,500 Building permits less federal contracts $iil,!i55,410 13 4~ Manufacturing employment (area) 23,950 2 Bank debits (thousands) $ 8,285,531 3 15 Percent unemployed (area). 4.8 41 Nonfarm employment (area) 868,100 8 Manufacturing employment (area) 147,000 Percent unemployed (area) . 2.4 14 •• For an explanation of symbols see p, 180. TEXAS BUSINESS REVIEW Percent change Local Business Conditions Local Business Conditions Percent change City and item May 1970 May 1970 from Apr 1970 May 1970 from May 1969 City and item May 1970 May 1970 from Apr 1970 May 1970 from May 1969 Angleton (pop. 9,131) Building permits less federal contracts $ Bank debits (thousands) . $ 25,000 16,779 -82 -5 -88 -10 Tomball (pop. 2,707 •) Building permits less federal contracts Bank debits (thousands) . $ $ 72,500 13,951 - 196 2 - 60 10 Baytown (pop. 43,606 P) Building permits less federal contracts $ Bank debits (thousands) . $ Bellaire (pop. 18,978 P) Building permits less federal contracts $ Bank debits (thousands) . $ 637,945 51,391 45,025 50,226 65 -10 -43 -5 -61 -11 108 2 LAREDO Sl\ISA (Webb; pop. 69,024 P) Building permits less federal contracts $ 2,167,165 Bank debits (thousands) . $ 69,142 Nonfarm employment {area) . 25,000 Manufacturing employment {area) 1,530 Percent unemployed (area) . 9.6 497 -12 - 94 6 1 15 52 Clute (pop. 4,463 ') Building permits less federal contracts Bank debits (thousands) . Conroe (pop. 10,931 P) $ $ 91,678 3,863 - 7 36 LAREDO (pop. 65,491 P) Building permits less federal contracts $ 2,167,165 Bank debits {thousands). $ 73,765 Nonfarm placements . . . . . . . . . . . 31& 497 -13 -29 938 4 -23 Building permits less federal contracts $ 114,000 Bank debits (thousands) . $ 37,285 4 5 -62 41 LONGVIEW-KILGORE-GLADEWATER Dayton (pop. 3,367) Building permits less federal contracts $ Bank debits (thousands) . $ Deer Park (pop. 12,690 P) Building permits Jess federal contracts $ Bank debits (thousands) . $ 1,375 6,595 292,655 9,909 -89 2 22 -14 - 3 20 12 METROPOLITAN AREA'' (Gregg; pop. 73,510 P) Building permits less federal contracts $ Bank debits (thousands) . $ Nonfarm employment (area) . Manufacturing employment (area) Percent unemployed (area) . 1,030,150 108,925 35,400 10,045 3.5 -29 -8 .. 21 38 9 35 Freeport (pop. 11,953 P) Building permits less federal contracts Bank debits (thousands) . $ $ 21,000 25,048 -55 -7 - 198 4 GLADEWATER (pop. 5,290 P) Building permits less federal contracts $ Bank debits (thousands) . $ 65,600 5,914 221 -10 70 -14 HOUSTON (pop. 1,212,928 P) Building permits less federal contracts $ 45,233,331 Bank debits (thousands). $ 7,401,486 9 8 79 KILGORE (pop. 10,500 ') Building permits less federal contracts Bank debits (thousands) . $ $ 105,050 16,023 -79 -17 -12 -10 Humble (pop. 1,711) Building permits less federal contracts $ Bank debits (thousands) $ Katy (pop. 1,569) Building permits less federal contracts $ Bank debits (thousands) . . . $ 91,200 8,559 4,200 4,069 592 -6 -56 -6 -67 25 -90 -29 LONGVIEW (pop. 44,397 P) Building permits less federal contracts Bank debits {thousands) . 859,500 86,988 LUBBOCK SMSA (Lubbock; pop. 175,757 •) -, 6 - 46 8 La Porte (pop. 6,152 P) Building permits less federal contracts $ Bank debits (thousands) . $ Liberty (pop. 6,127) Building permits less federal contracts $ Bank debits (thousands) . $ Pasadena (pop. 89,291 P) 3,060 5,613 51,775 12,299 Building permits less federal contracts $ 3,569,219 Bank. debits (thousands) . $ 103,462 Pearland (pop. 1,430) Building permits less federal contracts $ 277 ,000 Bank debits {thousands) . . . $ 6,955 Richmond (pop. 4,500 ') Building permits less federal contracts $ Bank debits {thousands) . . $ Rosenberg (pop. 11,960 P) Building permi1ts less federal contracts $ 66,500 9,180 92,267 -70 27 -21 747 -3 -28 -6 -55 14 -89 13 -20 -20 6 -28 -8 -31 16 -40 Building permits Jess federal contracts $ 3,242,841 Bank debits (thousands) . $ 344,587 Nonfarm employment (area) . 63,300 Manufacturing employment {area) 7,210 Percent unemployed (area) . 5.S LUBBOCK (pop. 146,379 P) Building permits less federal contracts $ 3,242,841 Bank debits {thousands) . $ 296.550 Slaton (pop. 6,568) Building permits less federal contracts $ Bank debits (thousands) . $ 5,131 -24 8 -1 -2 43 -23 -10 -11 McALLEN-PHARR-EDINBURG SMSA (Hidalgo; pop. 172,469 •) Building permits less federal contracts $ Bank debits (thousands) . . $ Nonfarm employment (area). Manufacturing employment {area) Percent unemployed (area) . 741,558 137,102 45,600 4,680 5.7 11 4 23 3 -2 66 26 -7 -3 -17 5 -3 -10 6 South Houston (pop. 11,465 P) Building permits less federal contracts $ 27,100 Bank debits (thousands).. $ 13,700 -80 15 Alamo (pop. 4,121) Bank debits (thousands) . 3,292 -11 -14 For an explanation of symbols see p. 180. JULY 1970 183 Percent change Local Business Conditions Percent change Local Business Conditions May 1970 May 1970 May 1970 May 1970 May fr0m f:rnm May from from City and item 1970 Apr 1970 197() Apr 1970 May 1969 May 1960City and item SAN ANGELO SMSA Donna (pop. 7,612 ') Building permits less federal contracts 62,300 844 (Tom Green; pop. 70,852 ") Bank debits (thousands) . 4,034 -12 19 Building permits less federal contracts $ 379,687 116 -54 Bank debits (thousands) . . . .. ... . . . .. $ 102,155 14 Nonfarm employment (area). 23,900 8 EDINBURG (pop. 16,748 ") Manufacturing employment (area) 3,940 -2 10 Building permits less federal contracts $ 245,350 12 25 Percent unemployed (area). 3.6 16 24 Bank debits (thousands) . $ 23,922 8 -3 Nonfarm placements 290 -8 14 SAN ANGELO (pop. 63,928 1') Building permits less federal contracts $ 379,687 116 -54 Bank debits (thousands) . $ 100,372 -2 5 Elsa (pop. 3,847) Building permits less federal contracts $ 1,100 -94 77 - SAN ANTONIO SMSA Bank debits (thousands) . $ 3,717 -23 -7 (Bexar and Guadalupe; pop. 863,669 ") Building permits less federal contracts $ 8,173,590 -16 54 McALLEN (pop. 36,761 1') Bank debits (thousands) . $ 1,398,563 -2 12 Ilui1ding permits less federal contracts 225,650 -15 -39 Nonfarm employment (area). 291,900 "" Bank debits (thousands) . 51,142 -12 -4 Manufacturing employment (area) 34,950 -2 13 Nonfarm placements Percent unemployed (area) . 4.5 13 22 242 -28 -52 SAN ANTONIO (pop. 648,189 ") Mercedes (pop. 11,843 ') Building permits less federal contracts $ 7,599,663 -18 71Building permits less federal contracts 40,961 -47 161 Bank debits (thousands) . $ 1,352,118 -6 Bank debits (thousands) . . . 7,941 12 9 Schertz (pop. 2,867 ') Mission (pop. 12,065 P) Building permits less federal contracts $ 287,875 -22 193 Building permits less federal contracts $ 79,915 472 216 Bank debits (thousands) . $ 840 10 19 Bank debits (thousands) . $ 17,069 -10 2 Seguin (pop. 15,569 ") Building permits less federal contracts $ 166,615 535 28 PHARR (pop. 15,269 P) Bank debits (thousands) $ 18,925 -11 Building permits less federal contracts $ 12,800 -44 -93 Bank debits (thousands) . $ 6,301 -11 -3 SHERMAN-DENISON SMSA x (Grayson; pop. 80,847 I>) San Juan (pop. 4,371) Building permits less federal contracts $ 675,803 10 Bank debits (thousands) $ 87,681 9 Building permits less federal contracts $ 21,825 16 Bank debits (thousands) . $ 2,889 16 -21 DENISON (pop. 24,436 P) ·Building permits less federal contracts $ 90,287 -25 -74 Weslaco (pop. 14,562 P) Bank debits (thousands) . $ 29,526 -9 4 Building permits less federal contracts 51,657 -38 -41 Nonfarm placements 79 13 -46 Bank debits (thousands) 14,843 -12 6 SHERMAN (pop. 28,352 ") Building permits less federal contracts $ 555,516 147 MIDLAND SMSA Bank debits (thousands) . $ 52,087 -10 6 (Midland; pop. 64,168 ") Nonfarm placements 64 68 -59 Building permits less federal contracts $ 644,478 86 17 Bank debits (thousands) . $ 153,985 4 TEXARKANA SMSA Nonfarm employment (area) ". 62,300 3 (Bowie, Texas, and Miller, Ark.; pop. 100,000 §) 11 Manufacturing employment (area) 5,090 7 Building permits less federal contracts $ 174,688 -89 -71 3 Bank debits (thousands) . $ 116,731 -7 Nonfarm employment (area) 40,950 -4 MIDLAND (pop. 58,199 P) Manufacturing employment (area) 11,270 4 -25 Building permits less federal contracts $ 644,478 86 17 Percent unemployed (area) . 6.9 8 130 Bank debits (thousands) . $ 154.721 11 10 Nonfarm placements 733 2 TEXARKANA (pop. 50,006 ') Building permits less federal contracts $ 137,688 -91 Percent unemployed (area) " . 3.2 -76 -11 Bank debits (thousands). $ 104,365 -5 ODESSA SMSA (Ector; pop. 90,132 ") TYLER SMSA Building permits less federal contracts $. 1,307,919 241 576 (Smith; pop. 93,081 P) Bank debits (thousands) $ 127,751 7 9 88 Nonfarm employment (area) ". 62,300 Building permits less federal contracts $ 1,138,880 -27 2 Manufacturing employment (area) • 5,090 7 Bank debits (thousands) $ 18~.4ao ¢¢ -1 t,:¢ 8 Percent unemployed (area) •. 3.2 Nonfarm employment (area). 40,200 7 3 Manufacturing employment (area) 13,050 ~I Percent unemployed (area) . 2.5 14 ODESSA (pop. 76,617 ") Building permits less federal contracts $ 1,307,919 241 576 TYLER (pop. 56,301 ") Bank debits (thousands) . $ 128,&02 -10 -1 .Building permits less federal contracts $ 1,057,880 -31 77 Nonfarm placements 494 -23 -48 Bank debits (thousands) . $ 168,665 -4 -9 Nonfarm placements 312 43 -14 For an explanation of symbols see p, 180. TEXAS BUSINESS REVIEW P ercent change Local Business Conditions Local Business Conditions Percent change May 1970 May 197(• May 1970 May 197~May frO!'U from May from from City and item 1970 Apr 1970 May 1969 City and item 1970 Apr 1970 May 1969 WACO Sl\ISA WICHITA FALLS Sl\ISA (:.IcLennan ; pop. 142,772 ") (Archer and Wichita; pop. 124,238 P) Building permits less federal contracts $ 617,529 66 Building permits less federal contracts $ 6,749,942 0 285 Bank debits (thousands) $ 184,756 6 Bank debits (thousands) . $ 242,989 8 9 Nonfarm employment (area) . 47,900 -4 :-lonfarm employment (area) . 59,700 2 Manufacturing employment (area) 5,380 7 Manufacturing employment (area) 12,380 Percent unemployed (area) s.o 11 43 Percent unemployed (area) 4.1 2 Burkburnett (pop. 7,621) Building permits less federal contracts $ 28,399 -75 McGregor (pop. 4,642) Building permits less federal contracts $ 0 Iowa Park (pop. 5,152 ') BRnk debits (t housands) $ 4,502 7 Building permits less federal contracts $ 27,213 -49 157 Bank debits (thousands) . $ S,799 -12 WACO ( pop. 92,600 P) WICHITA FALLS (pop. 94,599 P) Building permits less federal contracts $ 6,721,242. 86 295 Building permits less federal contracts $ 561,917 -69 -69 Bank debits !thousands) $ 218,481 -14 6 Bank debits (thousands) . $ 160,419 -4 -1 ALPHABETICAL LISTING OF NON-SMSA CITIES, WITH DATA ALBANY (pop. 1,959 P) Shackelford Co. (pop. 3,233 P) BONHAM (pop. 9,506 ') Fannin Co. (pop. 22,018 ") Building permits less federal contracts $ Building pnm1ts less federal contracts $ 126,800 34 Bank debits (thousands) $ 3,302 -l Bank debits (thousands) S 11,365 -8 -G ALICE (pop. 20,861) Jim Wells Co. (pop. 32,12i ") BORGER (pop. 13,928 •) Hutchinson Co. (pop. 23,980 •) Building permits less federal contracts $ 2,011,589 .Building permits less federal contracts $ 25,481 -7 -28 Bank debits (thousands) $ 46,432 19 43 Nonfarm placements 46 -13 46 - ALPINE (pop. 4,740) Brewster Co. (pop. i,534 ") BRADY (pop. 5,571 P) McCulloch Co. (pop. 8,422 •) Building permits less federal contracts S 14,332 17 Building permits less federal contracts $ 49,550 106 47 Bank debits (thousands) $ 4,773 -4 -5 Bank debits (thousands) $ 9,254 -11 -6 A~DREWS (pop. n.a.) Andrews Co. (pop. 10,217 P) BRECKE RIDGE (pop. 5,873•) Stephens Co. (pop. 8,205") Building permits less federal contracts $ 189,350 347 684 Building permits less federal contracts $ 182.800 402 -18 Bank debits (thousands) . 7, 74 -11 BRENHA~l (pop. 7,740) Washington Co. (pop. 18,378 •) ATHENS (pop. 9,554 ") Henderson Co. (pop. 25,703 ") Building permits less federal contracts $ 175,277 -73 200 Building permits less federal contracts $ 315,500 274 Bank debits (thousands) . $ 18,686 -9 BRnk debits (thousands) 14,124 -4 6 BROWNFIELD (pop. 10,286) Terry Co. (pop. 14,239 P) BARTLETT (pop. 1,540) Bank debits (thousands) . $ 21,849 -24 17 Bell Co. (pop. 117,242 P)-Williamson Co. (pop. 36,020 P) Bank debits (thousands) $ 1,067 -17 BROWNWOOD (pop. 16,974) Brown Co. (pop. 24,397 •) Building permits less federal contracts $ 133,900 221 57 BAY CITY (pop. 12,196 •) ~Iatagorda Co. (pop. 27,630 •) Nonfarm placements 113 24 -;) Building permits less federal contracts $ 32,750 -69 -l Bank debits (thousands) $ 20,774 -4 BRYAN (pop. 32,489 •) Brazos Co. (pop. 56,079 •) Nonfarm placements 43 -16 -25 Building permits less federal contracts $ 408,240 -59 -81 Bank debits (thousands) $ 64,782 -6 3 BEEVILLE (pop. 13,080 •) Bee Co. (pop. 22,161 P) Nonfarm placements 226 -13 -29 Building permits less federal C'ontrart~ : 14,935 -86 -1 Bank debits (thousands) 16,448 -11 -5 CALDWELL (pop. 2,204 ' ) Burleson Co. (pop. 9,721 ") Bank debits (thousands) Nonfarm placements 72 -6 -27 $ 3,766 -8 -6 BELLVILLE (pop. 2,218) Austin Co. (pop. 13,243 P) CAMERO (pop. 5,640) Milam Co. (pop. 19,600 P) $ 6,334 -9 2 Building permits less federal contracts $ Bank debits (thousands) 74,000 -75 Bank debits (thousands) . . $ 6,677 -14 2 BELTON (pop. 10,000 ') Bell Co. (pop. 117,242 •) Building permits less federal contracts $ 30,065 278 -63 CARTHAGE (pop. 5,389 P) Panola Co. (pop. 15,554 •) Building permits less federal contracts S 239,000 752 311 BIG SPRI G (pop. 28,165 •) Howard Co. (pop. 37,136 P) Bank debits (thousands) . $ 4,939 -18 2 Buildi ng permits less federal contracts s 12,937 -48 -68 CASTROVILLE (pop. 1,800 ') :\ledina Co. (pop. 19,123 •) Bank debits (thousands) $ 44,455 -12 -14 30,640 43 Nonfarm placements . . . . . . . . . . 138 co -25 Building permits less federal contracts Bank debits (thousands) . 1.362 -6 -3 For an explanat ion of symbols see p. 180. 185 JULY 1970 Percent change Local Business Conditions Local Business Conditions Percent change May 1970 May 1970 May 1970 May 1970 May from ft om May from from City and item 1970 Apr 1970 May 196~ City and item 1970 Apr 1970 May 1969 HUNTSVILLE (pop. 15,367 •) Walker Co. (pop. 24,885 •) LUFKIN (pop. 23,739 •) Angelina Co. (pop. 49,153 P) Building permits less federal contracts S 485,230 498 257 Building permits less federal contracts 212,380 -SS Bank debits (thousands) . $ 30,867 24 51 Nonfarm placements 77 26 67 McCAMEY (pop. 2,589 P) Upton Co. (pop. 4,564 ") JACKSONVILLE (pop. 9,411 P) Bank debits (thousands) . 1.851 -14 -9 Cherokee Co. (pop. 31,041 •) Building permits less federal contracts $ 382,852 136 MARBLE FALLS (pop. 2,161) Burnet Co. (pop. 10,655 P) Bank debits (thousands) $ 21,685 -12 •• Bank debits (thousands) . . . . $ 5,415 -3 40 JASPER (pop. 5,120 ') Jasper Co. (pop. 24,149 •) MARSHALL (pop. 22,656 •) Harrison Co. (pop. 44,073 P) Building permits less federal contracts $ 57,100 175 Building permits less federal contracts $ 52,354 -16 -86Bank debits (thousands) . $ 14,759 -9 -4 Bank debits (thousands) . S 27,460 -15 3 Nonfarm placements . . . 173 122 -14 JUNCTION (pop. 2,654 •) Kimble Co. (pop. 3,845 •) Building permits less federal contracts $ 280,0-00 MEXIA (pop. 7,621) Limestone Co. (pop. 17,581 •) Bank debits (thousands) . $ 2,696 2 •• Building permits less federal contracts S 27,415 234 136 Bank debits (thousands) . $ 9,933 12 82 KARNES CITY (pop. 3,000 ') Karnes Co. (pop. 13,147 •) Building permits less federal contracts $ 15,800 131 MINERAL WELLS (pop. 17,109 •) Bank debits (thousands) . S 4,271 -18 11 Palo Pinto Co. (pop. 28,505 P) Building permits less federal contracts $ 801,018 14 -46 Bank debits (thousands) . $ 32,062 6 6 KERMIT (pop. 7,685 •) Winkler Co. (pop. 9,453 •) Nonfarm placements 77 -14 -28 Building permits less federal contracts $ 925 32 -92 MONAHANS (pop. 9,476 ') Ward Co. (pop. 13,056 ") KILLEEN (pop. 34,953 P) Bell Co. (pop. 117,242 •) Building permits less federal contracts 15,500 68 -11 Building permits less federal contracts $ 574,339 66 7 Bank debits (thousands) . $ 36,833 MOUNT PLEASANT (pop. 8,027) Titus Co. (pop. 16,486 ") KINGSLAND (pop. 1,200 ') Llano Co. (pop. 6,583 ") Building permits less federal contracts $ 79,305 -15 223 Bank debits (thousands) 4,450 70 Bank debits (thousands) . S 18,621 -2 K1Nli~vtLL~ (pop. 31,160 ') MUENSTER (pop. 1,190) Cooke Co. (pop. 22,856 P) Kleberg Co. (pop. 32,172 •) Building permits less federal contracts S 0 Building permits less federal contracts S 266,830 18 72 Bank debits (thousands) . $ 3,360 -10 Bank debits (thousands) $ 22,396 -6 13 MULESHOE (pop. 4,945 ') Bailey Co. (pop. 8,172 ") KIRBYVILLE (pop. 2,021 ') Jasper Co. (pop. 24,149 P) Bank debits (thousands) . S 11.772 -6 •• !lank debits (thousands) 2,786 -9 -1 NACOGDOCHES (pop. 22,316 •) LAMESA (pop. 12,348 •) Dawson Co. (pop. 16,231 P) Nacogdoches Co. (pop. 35,693 ") Building permits less federal contracts $ 83,450 365 Building permits less federal contracts $ 340,334 7 28 Bank debits (thousands) . S 18,519 2 14 Bank debits (thousands) . $ 33,312 Nonfarm placements 84 -20 -36 11 Nonfarm placements 59 LAMPASAS (pop. 5,773 •) Lampasas Co. (pop. 9,140 ") EW BRAUNFELS (pop. 17,610 ") Building permits less federal contracts S 61,350 88 -42 Comal Co. (pop. 23,601 •) Bank debits (thousands) . $ 12,423 26 12 Building permits less federal contracts $ 304,605 -34 33 Bank debits (thousands) . S 20,106 -3 -2 LEVELLAND (pop. 11,386 •) Hockley Co. (pop. 20,199 P) Building permits less federal contracts $ 28,405 -63 -64 NIXON (pop. 1,751) Gonzales Co. (pop. 16,766 ") Bank debits (thousands) . S 18,016 9 Building permits less federal contracts S 15,650 -32 401 OLNEY (pop. 4,200 ') Young Co. (pop. 15,343 ") LITTLEFIELD (pop. 7,236) Lamb Co. (pop. 17,427 •) Building permits less federal contracts $ 10,300 119 930Building permits less federal contracts 2~Q 494 Bank debits (thousands) . $ 4,929 -17 -25 Bank debits (thousands) . 8,035 -10 -19 pALESTINE (pop. 14,518 •) Anderson Co. (pop. 26,593 ") LLANO (pop. 2,575) Llano Co. (pop. 6,583 ") .J3.uilding permits less federal contracts $ 108,850 -27 -16Building permits less federal contracts Bank-debits (thousands) . $ 18,690 -7Bank debits (thousands) . 5,427 12 -4 40 471 -25 Nonfarm placements LOCKHART (pop. 6,084) Caldwell Co. (pop. 20,694 P) Gray Co. (pop. 26,273 P)P Al\fP A (pop. 21,239 ") Building permits less federal contracts $ 36,750 583 566 35,188 -12 -3Bank debits (thousands) . $ 7,297 -6 2 Bank debits (thousands) . 84 -19 -40 Nonfarm placements For an explanation of symbols see p. 180. 187 JULY 1970 Percent change Local Business Conditions Percent changeLocal Business Conditions May 1970 May 1970 !\fay 1~70 May 1970 May from from May from from City and item 1970 Apr 1970 May 1969 Apr 1970 May 1969City and item 1970 SMITHVILLE (pop. 2,935 ") BastM~ Co. (pon. 16,828 ")PARIS (pop. 23,194 ") Lamar Co. (pop. 35,564 P) Building permits less federal contracts $ 16,875 -1~ 838 Building permits less federal contracts $ 284,062 -83 44 Bank debits (thousands) . $ 2.562 -J!I 19 Nonfarm placements 147 63 2 SNYDER ( pop. 13,850) Scurry Co. (pop. 15,115 •) PECOS (pop. 12,492 1') Reeves Co. (pop. 16,263 P) Building permits less federal contracts $ 99,550 298 305 Bank debits (thousands) . $ 19,689 -11 -5 Bank debits (thousands) . $ 15,660 -9 15 76 *~~ -28 Nonfarm placements SONORA (pop. 2,076 P) Sutton Co. (pop. 3,051 •) Building permits less federal contracts $ 250 -97 PLAINVIEW (pop. 18,664 ") Hale Co. (pop. 33,374 P) Bank debits (thousands) . $ 2,748 -13 -11 f.!f.: Bank debits (thousands) . 51,155 -11 Nonfarm placements 208 -29 9 STEPHENVILLE (pop. 7,359) Erath Co. (pop. 17,527 •) Bank debits (thousands) . $ 14,303 -1 PLEASANTON (pop. 6,000 ') STRATFORD (pop. 2,500 ') Sherman C1>. (pop. 3,603 •)Atascosa Co. (pop. 18,360 P) Building permits less federal contracts $ 0 Building permits less federal contracts $ 45,500 19 -65 Bank debits (thousands) . $ 12,335 8 -26 Bank debits (thousands) . $ 5,352 -13 -1 SULPHUR SPRINGS (pop. 10,447 ") Hopkins Co. (pop. 20,334 1')QUANAH (pop. 4,564 ") Hardeman Co. (pop. 6,649 P) Building permits less federal contracts $ 276,085 -75 521 Building permits less federal contracts $ 31,500 21 Bank debits (thousands) . $ 23,663 -2 3Bank debits (thousands) . $ 5,557 -12 SWEETWATER (pop. 11,317 ") Nolan Co. (pop. 15,403 ") RAYMONDVILLE (pop. 9,385) Building permits less federal contracts $ 3,066 -38 -94 Bank debits (thousands) . $ 15.867 -4 -2 Willacy Co. (pop. 15,432 ") Nonfarm placements 73 30 -16 Building permits less federal contracts $ 6,500 442 -68 Bank debits (thousands) . $ 9,336 6 7 NonfRrm placements 55 8 -10 TAHOKA (pop. 3,600 ') Lynn Co. (pop. 8,829 •) Building permits less federal contracts $ 0 Bank debits (thousands) $ 4,974 14 17 REFUGIO (pop. 4,944) Refugio Co. (pop. 9,089 ") Building permits less federal contracts $ 12,200 TAYLOR (pop. 9,434) Williamson Co. (pop. 36,020 •) Bank debits (thousands) . $ 4,462 -4 -6 Building permits less federal contracts $ Bank debits (thousands) . $ 12,516 -6 -3 Nonfarm placements 8 -11 -64 ROCKDALE (pop. 4,481) Milam Co. (pop. 19,600 ") Building permits less federal contracts $ 72,350 424 76 Bank debits (thousands) 8,117 6 26 TEMPLE (pop. 32,645 ") Bell Co. (pop. 117,242 1') Building permits less federal contracts $ 856,943 -35 144 Bank debits (thousands) $ 55,692 -6 17 Nonfarm placements 161 -23 -33 SAN MARCOS (pop. 18,566 P) Hays Co. (pop. 26,977 ") Building permits less federal contracts $ 996,025 320 264 Bank debits (thousands) S 13,360 -2 UVALDE (p1>p. 10,403 P) Uvalde Co. (pop. 16,619 •) Building permits less federal contracts 1,488,880 720 Bank debits (thousands) . 22,25& -1 2 SAN SABA (pop. 2,529 ") San Saba Co. (pop. 5,431 P) Building permits less federal contracts $ 14,100 -6 -26 VERNON (pop. 11,204 ") Wilbarger Co. (pop. 15,051 ") Hank debits (thousands) S 8,930 15 11 Building permits less federal contracts $ 32,950 -69 128 Bank debits (thousands) . $ 20,611 -7 -2 Nonfarm placements 43 43 -61 SEAGRAVES (pop. 2,307) Gaines Co. (pop. 11,575 P) Building permits less federal contracts $ 10,000 245 -88 VICTORIA (pop. 39,349 ") Victoria Co. (pop. 52,776 ") H.ank debits (thousands) 2,612 4 Building permits less federal contracts $ 261,922 -10 24 Bank debits (thousands) . $ 90,476 --13 6 Nonfarm placements 410 -8 -2 SEMINOLE (pop. 5,737) Gaines Co. (pop. 11,575 P) Building permits less federal contracts $ 13,025 -58 WEA.THERFORD (pop. 12,742•) Parker t;o. lPOp. 4~") Hank debits (thousands) . $ 5,848 Building permits less federal contracts $ 346,600 87 107 Bank debits (thousands) ............ .$ 24,997 SILSBEE (pop. 8,447 ') Hardin Co. (pop. 28,618 ") YOAKUM (pop. 5,761) Hank debits (thousands) . 9,818 -12 -4 Lavaca Co. (pop. 17,483 ")-De Witt Co. (pop. 17,872 ") Building permits less federal contracts $ 132,525 7 Bank debits (thousands) . $ 10,071 -4 For an explanation of symbols see p. 180. TEXAS BUSINESS REVIEW BAROMETERS OF TEXAS BUSINESS (All figures are for Texas unless otherwise indicated.) All indexes are. based on the average .m~nths for 1951-1959 except where other specification is made; all except annual indexes are adJu.st~d f?r seasonal. vana~10n unless otherwise noted. Employment estimates are compiled by the Texas Em­ployment C?mm1ss10n 1;i co~peratio1~ ":1th the Bureau of Labor Statistics of the U.S. Department of Labor. The snnholR used below impose quahficat10ns as md1cated here: '''-preliminary data subject to reYision; r-reYised data; ;±__:_dollar totals for the calendar year to date; §-dollar totals for the fiscal year to date; t-employment data for wage an(I salary workers only. . May April May Year-to-date average 1970 1970 1969 1970 1969 GENERAL BUSINESS ACTIVITY l•:stimates of personal income (millions of dollars, seasonally adjusted) . $ 3,093* $ 3,191 * $ 2,998' $ 3,153 $ 2,957 Income payments to individuals in U.S. (billions, at seasonally adjusted annual rate) . $ 793.5* $ 801.3* $ 740.0' $ 786.1 $ 729.7 Wholesale prices in U.S. (unadjusted index) . 116.8* 116.6' 112.8 116.5 111.6 Consumer prices in U.S. (unadjusted index) . 134.6 134.0 126.8 133.2 125.5 Business failures (number) .. 29 63 28 42 28 Business failures (liabilities, thousands) . $ 2,494 $ 8,682 $ 9,641 $ 4,767 $ 4,767 Newspaper linage (index) . 127.7 132.6 128.1 121.1 126.1 PRODUCTION Total electric-power use (index) . 256.9* 256.8* 236.4' 254.6 234.5 Industrial electric-power use (index) . 228.3* 235.6* 217.2' 231.7 214.3 Crude-oil production (index) ... 125.7* 122.5* 118.0' 121.9 108.6 Average daily production per oil well (bbl.) 17.1 17.3 15.8 17.1 15.1 Crude-oil runs to stills (index) . 136.4 137.3 139.2 132.0 131.5 Industrial production in U.S. (index) .. 169.0* 170.4* 172.5' 170.3 171.0 Texas industrial production-total (index) . . .. 179.5* 180.6* 172.5' 179.4 168.9 Texas industrial production-total manufactures (index) . 200.4'' 202.6* 194.5' 201.4 191.6 Texas industrial production-durable manufactures (index) 212.2* 216.3* 216.0' 218.7 214.4 Texas industrial production-nondurable manufactures (index) 192.6* 193.5* 180.2' 190.0 176.5 Texas industrial production-mining (index) 135.0* 134.6* 128.7' 133.0 122.5 242.3 Texas industrial production-utilities (index) 257.2* 257.3* 236.9' 258.9 Urban building permits issued (index) .. 206.2 181.0 202.9 179.9 196.7 New residential building authorized (index) .. 156.5 134.6 152.8 131.3 164.9 298.5 256.0 300.5 261.5 251.9 New nonresidential building authorized (index) . AGRICULTURE Prices received by farmers (unadjusted index, 1910-14=100) ... 267 274 269 276 258 Prices paid by farmers in U.S. (unadjusted index, 1910--14=100) 388 388 375 386 369 Ratio of Texas farm prices received to U.S. prices paid by farmers 69 71 72 72 70 FINANCE 272.2 Bank debits (index) .. 287.0 304.8 275.0 295.6 307.1 Bank debits, U.S. (index) .. 345.3 350.3 316.9 340.6 Reporting member banks, Dali~~ F~d~~·~i R~~~rve District Loans (millions) $ 5,926 $ 5,978 $ 6,042 $ 5,987 $ 6,044 Loans and investments (millions) . . . . $ 8,467 $ 8,607 $ 8,538 $ 8,568 $ 8,746 3,346Adjusted demand deposits (millions) . $ 3,296 $ 3,294 $ 3,358 $ 3,280 $ $381,685 $263,791 $352,830 $ 278,924 $ 247,941Revenue receipts of the state comptroller (thousands) $6,711,511§ $5,879,164§Federal Internal Revenue collections (thousands) $917,967 $707,868 $769,374 Securities registrations-original applications $ 33,282 $ 29,491 $ 291,251§ $ 302,811§Mutual investment companies (thousands) $ 26,748 All other corporate securities $ 0 $ 7,458 $ 22,793 $ 100,188§ $ 198,368§Texas companies (thousands) $ 51,632 $ 93,219 $ 246,091§ $ 387,332§ Other companies (thousands) $ 9,782 Securities registrations-renewals 285,661§ 249,456§ Mutual investment companies (thousands) $ 39,833 $ 32,911 $ 30,310 $ $ 2,744 20,113§ $ 9,745§Other corporate securities (thousands) . $ 9,913 $ 4,311 $ $ LABOR 144.1 Total nonagricultural employment in Texas (index)t ... 151.0* 150.7* 145.6' 150.2 154.4 152.1 Manufacturing employment in Texas (index)t ........ 152.6* 153.6* 154.4' 101.2 99.5 101.1 Average weekly hours-manufacturing (index)t 99.0* 99.6* 144.9' 149.0 142.5 AYerage weekly earnings-manufacturing (index)t 149.3* 150.0* 3,539.2 Total nonagricultural employment (thousands)t .... 3,730.3* 3,719.9* 3,595.7' 3,689.9 745.2 734.2 Total manufacturing employment (thousands) t 736.7* 742.4* 745.6' Durable-goods employment (thousands)t .... 407.6* 413.2* 422.3' 415.6 416.4 . ~ondurable-goods employment (thousands)t 329.1 * 329.2* 323.3' 329.6 317.8 Total CIVIiian labor force in selected labor-market 3,465.7 3,265.7 a1'€as (thousands) .............................. -· 3,512.1 3,486.9 3,303.1 Nonagricultural employment in selected labor-market 3,114.8 3,282.1 3,089.7 areas (thousands) ........................... 3,301.5 3,293.9 Manufacturing employment in selected labor-market 635.1 611.6 637.0 612.8 areas (thousands) ....................... 631.6 Total unemployment in selected labor-market areas 88.5 101.8 81.8 (thousands) ...... ...................... 116.9 99.4 Percent of labor force unemployed in selected 3.3 2.8 2.7 2.9 2.5 labor-market areas BUREAU OF BUSINESS RESEARCH THE UNIVERSITY OF TEXAS AT AUSTIN RETURN REQUESTED AUSTIN, TEXAS 78712 SECOND-CLASS POSTAGE PAID AT AUSTIN, TEXAS DIRECTORY OF TEXA8 MANUFACTURERS, 1970 The 1970 Directory of Texas Manufacturers, in its twenty-first edition, is off the press and ready for distribution. The most complete and authoritative source of information on manufacturing plants in Texas, the Directory pro­vides the following information for over 12,200 plants: name and complete address, name of executive officer, date of establishment, number of employees, description of products manufactured, and, where applicable, name and main office address of parent company. In compiling, editing, and publishing the Directory the Bureau of Business Research at The University of Texas at Austin makes use of data obtained principally from the manufacturers them­selves, with supplementary information from Texas chambers of commerce. The varied uses of this two-volume reference work include its functions as a sales-management aid, as a source of information for purchasing agents, as a plant-location tool, as a useful classification for mailing lists. The Directory consists of four helpful sections: a convenient alphabetical listing of all plants by firm name with city location and home office; a geo­graphical listing of plants according to city of location, with both cities and plants in alphabetical order, and with the detailed information for each plant; a product section in which all products manufactured in Texas are listed under at least the first four digits of their Standard Industrial Classification number, in arithmetical order and geographical suborder for each number; an excellent product index, on the basis of alphabetical name order. $22.50 per set 848 pp. (Texas residents pay 4.25-percent sales tax.) BUREAU OF BUSINESS RESEARCH THE UNIVERSITY OF TEXAS AT AUSTIN