TEXAS· BUSINESS REVIEW Vol. XIX, No. 3 April, 1945 A MONTHLY SUMMARY OF BUSINESS AND ECONOMIC CONDITIONS IN TEXAS Published by the Bureau of Business Research, The University of Texas Austin 12, Texas Entered as second class matter on May 7, 1928, at the post office at Austin, Texas, under Act of August 24, 1912 TEN CENTS PER COPY ONE DOLLAR PER YEAR Business Review and Prospect EDITOR'S NoTE: The expected supply of paper for publishing a 24-page April issue of the REVIEW has not arrived. It is therefore necessary to confine this issue mainly to current statistical tabulations_ TEXAS BUSINESS REVIEW Published Monthly by the BUREAU OF BUSINESS RESEARCH The University of Texas, Aµstin 12, Texas Staff of the Bureau of Business Research A. B. Cox, Director F. A. Buechel, Statistician Clara H. Lewis Income and Consumption-Editor Editorial Assistant Helen L. Woodcock and Industrial Geography E. H. Johnson, Natural Resources Secretary School of Business Administration Staff Co-operating CURRENT BUSINESS CONDITIONS IN TEXAS Industry and trade in Texas during March maintained a rate of activity well above that of the corresponding month a year ago despite the fact that a high level prevailed at that time. March retail dollar sales gained nearly 17 per cent over a year ago, and for the first three months aggre­gate sales were 15 per cent greater than during the corresponding period in 1944. Among the groups of retail establishments showing the greatest gains over March last year were: lumber and building materials, 32.6 per cent; shoe stores, 32.2 per cent; dry goods and general merchandise, 27.5 per cent; family clothing stores, 27.2 per cent; hardware stores, 22.7 per cent; men's and boys' clothing stores, 20.6 per cent; depart­ment stores, 20.6 per cent; and women's specialty shops, 16.4 per cent. The only groups to show declines from a year ago were: motor vehicle dealers, 6.5 per cent; and jewelry stores, 18.4 per cent. FARM CASH INCOME Cash income from agriculture in Texas during March totalled nearly $61 million compared with approxi­mately $54 million during March, 1944, or an increase of 13 per cent. Aggregate cash income during the first three months of 1945 amounted to $221 million com­pared with $172 million during the corresponding pe­riod last year or an increase of 28 per cent. The State index of farm cash income (based on the average monthly income during the 60-month base period 1928-1932, adjusted for seasonal variation) was 340.0 compared with 296.5 during March, 1944. With the exception of hogs, all classes of livestock showed an increase in cash income during March. The most substantial increase in income from livestock was derived from cattle, a result of nearly double the marketings over 1944 and a moderate rise in price. Cash income from cattle totalled $19 million compared with a little under $10 million in March, 1944. A moderate increase in cash income was also received from calves and sheep during March as compared with a year ago. Cash income from fruits and vegetables also was well above March, 1944, increasing from $11 million to $13 million or nearly 30 per cent. INDEXES OF AGRICULTURAL CASH INCOME IN TEXAS (Average Month 1928-'32 equals 100) Cumulative Cash Income in Thousands of Dollars Ja n .-Mar. inc]u sive}. Districts . March, 1945 Feb. , 1945 March. 1944 1945 1944 1-N ______ ..______ 343.1 281.4 137.3 25,620 12,933 1-S --·------·.... 697.2 465.3 746.9 23,633 2,093 23 ------·---..··--­______________·___ 212.7 245.2 286.4 432.6 238.8 232.1 26,737 9,365 14,886 6,531 4 -------·-..-----­ 293.4 266.3 226.3 29,469 22,761 5 -·-·---­--·-----­-187.5 203.7 231.1 9,223 7,736 6 --·-·-----·--­·-­353.1 349.0­ 326.4 9,962 8,107 7 ----------­------­258.6 283.9 164.3 8,664 6,208 8 ---·---------·-­274.5 303.6 290.5 14,798 12,029 9 --------··--­---­179.l 361.7 236.0 19,109 19,691 10 --------------­·-­454.6 477.6 274.2 8,572 4,549 10--A ---·-·­------­ 703.7 625.7 782.7 35,685 36,908 STATE _________ 340.0 352.3 296.5 220,837 172,432 NOTE: Farm cash income as computed by the Bureau understates actual farm cash income by from six to ten per cent. This situation results from the fact that means of securing complete local marketings, especially by truck, have not yet been fully developed. In addition, means !·ave not yet been deve]oped for computing cash income from all agricultural specialties of local importance in scattered areas throughout the State. This situa tion, however, does not impair lhe accuracy of the inde."t; es to any appreciable exte nt. TEXAS COMMEROAL FAILURES March, March, Feb., First Quarter 1945 1944 1945 1945 1944 Number ---·------------2 0 0 2 0 Liabilities* --------$ 7 0 0 $17 0 Assets" ---------------$12 0 0 $21 0 Average Liabilities per Failure* ----$ 3.5 0 0 $13.5 0 *In thousands. l\'oTE: From Dun and Bradstreet Inc. LUMBER (ln Board Feet) March, 1945 March, 1944 Feb., 1945 Scuthern Pine Mills: Average Weekly Production per unit -·-·---·---·-------------------· 200,366 206,170 194,041 Average Weekly Shipments per unit -----··----------·---·---------· 206,012 213,026 203,118 Average Unfilled Orders per unit, end of month ---------·-·-· 1,540,805 1,735,789 1,489,477 NoTE: From Southern Pine Association. PERCENTAGE CHANGES IN CONSUMPTION OF ELECrn.1c POWER March, 1945 March, 1945 Year 1945 from from from March, 1944 Feb., 1945 Year 1944 Commercial ------·---·-·---------­+ 6.9 + 6.4 + 16.8 Industrial -------------------·-----­+ 14.4 + 0.6 + 23.8 Residential ·---------··----------­+ 8.3 + 4.8 + 14.6 All Others ---·-----------·---------25.6 + 1.3 -25.6 TOT AL --------·---------------------+ 4.0 + 0.9 + 0.7 Re~~:~~~~d from reports of 10 electric power companies lo the Bureau of Business (Expressed in Per Cent) Number Ratio of Ratio of Ratio of of Credit Sales Col lcctions to Credit Salaries Stores to Net Sales Ouostanding to Credit Soles Reporting 1945 1944 1945 1944 1945 1944 62 49.0 47.3 68.2 67.9 1.2 1.0 Stores Grouped by Cities: All Stores -----------------------------------------------------------------------------------------------------­6 40.2 41.1 .72.4 71.3 1.2 1.3 Austin --------------------------------------------------------------------------------­Corpus Christi -------------.. ·------------------------·--··-------------------------------------------------.. 3 40.9 40.2 88.4 83.9 1.6 1.6 9 55.l 57.4 66.6 67.0 0.7 0.7 Dallas --------------------------------------------------------------------------------­3 39.4 37.1 67.7 69.4 1.3 1.3 El Paso --------------------------------------------..-----------~--------------------­ Fort Worth ----------------------------------------------------------------------------­ 5 43.3 41.9 72.6 68.6 1.2 1.1 Houston ---------------------------------------------------------------------------­ 8 42.4 43.4 67.3 65.0 0.8 1.4 San Antonio ----------------------------------------------------------------------------­ 5 37.3 42.6 64.4 68.3 1.1 1.2 Waco _______________________:________________________________________________________________ 5 46.4 48.2 68.9 66.l 1.0 1.1 All Others ----------------------------------------------------------------------------­ 18 41.5 42.8 71.3 70.l 1.0 1.0 Stores Grouped According to Type of Store: Department Stores (Annual Volume Over $500,000) -------------------------18 44.9 45.4 70.5 69.4 1.1 1.1 Department Stores '(Annual Volume under $500,000) ___________________ _ 10 39.6 41.2 69.1 64.0 1.2 1.4 Dry-Goods-Apparel Stores ------------------------------------------------------------­3 39.8 42.3 71.3 67.7 1.4 1.5 Women's Specialty Shops ---------------------------------------------------------­18 49.5 53.5 63.3 64.8 0.7 0.7 Men's Clothing Stores --------------------------------------------------------------13 41.3 43.8 69.5 68.5 1.1 1.2 Stores Grouped According to Volume .of Net Sales During 1944: Over $2,500,000 -------------------------------------------------------------------19 48 .1 49. 1 67.6 67.5 0.9 1.0 $2,500,000 down to $1,000,000 ... ____________________________________________ 4.2.0 13 37.5 71.2 70.9 0.7 0.7 $1,000,000 down to $500,000__________________________________________ 12 36.7 38.2 68.6 63.6 0.8 0.9 Less than $500,000 --------------------------------------------------------------------------------18 34.9 37.7 73.4 68.8 1.5 1.6 Non: The ratios shown for each year, in the order in which they appear from l eft to right are obtained by the following computations: (1) Credit Sales divideid by Net Sales. (2) Collections during the month d.ivided by the total accounts unpaid on the 6rat of the month. (3) Salarie1 of the credit department divided by cre&it 1&le1. The data are reported to the Bureau of Buaine11 Reaearch by Texas retail atoree. MARCH RETAIL SALES OF INDEPENDENT STORES IN TEXA Percentage Changes Number of in Dollar Sales Estab -March, 1945 March, 1945 Year 1945 lishments from from from Reporting March, 1944 Feb .. 1945 Year l944 TOTAL TEXAS -----------------------------------------------------------------------------------------------------------------951 + 16.7 +24.5 + 15.1 STORES GROUPED BY LINE OF GOODS' CARRIED: \> APPAREL -----------------~----------------------------------------------------------------------C-----116 + 19.4 + 25.8 + 18.9 Family Clothing Stores ______________________:_ ______________________________________________________ 27 +27.2 + 43.6 + 18.9 Men's and Boys' Clothing Stores----------------------------------------------------------------35 +20.6 +40.9 + 13.5 Shoe Stores -------------------------------~-------------------------------------------------------------------­ 19 +32.2 + 42.2 +36.5 Women's Specialty Shops -----------------------------------·------------------------------------------­35 + 16.4 + 15.8 + 19.9 AUTOMOTIVE• ---------------------------------------------------------------------------------------------80 -3.0 + 10.9 -5.0 Motor Vehicle Dealers __________________________________________________________________________________ 71 -6.5 + 9.3 -9.3 COUNTRY . GENERAL --------------------------------------------------------------------------------------­89 + 11.0 + 26.8 + 8.8 DEPARTMENT STORES ------------------------------------------------------------------------------------­ 59 + 20.6 +29.4 + 18.1 108 + 4.9 + 10.8 DRUG STORES ----------------------------------------------------------------------------------------------------+ 8.5 DRY GOODS AND GENERAL MERCHANDISE.. ______________________________________ 33 + 27.5 + 34.9 +26.4 FILLING ST A TI 0 NS --------------------------------------------------------------------------------------+ 10.2 25 + 22.1 +32.5 FLORISTS ----------------------~-------------------------------------------------------------------­20 + 70.1 +49.4 +37.8 FOOD• ---------------------------------------------·--------------------------------------------122 + 11.0 + 17.2 + 7.9 Grocery Stores ------------------------------------------------------------------------------------------32. + 8.8 + 19.2 + 4.8 Grocery and Meat Stores ....... ----------------------------------------------------------------------­84 + 10.8 + 16.7 + 8.3 FURNITURE AND HOUSEHOLD* ---------------------------------------------------------~-70 + 10.4 + 15.5 + 15.6 Furniture Stores -------------------------------------------------------------------------------------­66 + 10.6 + 15.7 + 16.1 JEWELRY ------------------------------------------------------------------------------------------------------+ 17.6 4.6 23 -18.4 ­ LUMBER, BUILDING, AND HARDWARE*----------------------------------------------------­160 + 26.9 + 20.7 +30.6 Farm Implement Dealers -------------------------------------------------------------------------------18 + 16.8 + 23.3 + 17.8 Hardware Stores ---------------------------------------------------------------------------------------------46 + 22.7 + 30.0 + 21.2 Lumber' and Building Material Dealers ---------------------------------------------------------­94 + 32.6 + 18.4 + 37.7 RESTAURANTS ---------------------------------------------------------------------------------------­30 + 2.4 + 6.7 + 2.4 ALL OTHER STORES --------------------------------------------------------------------------------­11 + 4.1 + 21.6 + 4.0 TEXAS STORES GROUPED ACCORDING TO POPULATION OF CITY: All Stores in Cities of-Over 100,000 Population ------------------------------------------------------------------152 + 17.3 + 23.6 + 18.0 50,000--100,000 Population ----------------------------------------·---------------------117 + 17.6 + 29.2 + 13.8 2,500-50,000 Population _________________ ________________ _:___________________________ _ 467 + 15.5 + 23.4 + 11.4 Less than 2,500 PopulatioIL_______________________________________________________ _ 215 + 13.3 + 20.9 + 12.1 *Group total includes kinds of business other than the classification listed. Prepared from reports of independent retail stores to the Bureau of BusinessRcscarch. coOpcrnting with the U.S. Bureau of the Censu~. Product and Year Jan. Feb. March April May June July Aug. Sept. Oct. NOv. Dec. Total CREAMERY BUTTER (1000 lb.) 1945* --------------------------------1,546 1,786 2,492 1944* -------------------------------1,827 1,984 2,548 3,535 4,008 3,527 3,569 2,792 2,535 2, 138 1,549 1,717 32,304 1930--39 average --------------2,074 2,109 2,392 3,138 3,556 3,166 4,113 2,867 2,513 2,608 2,301 2,211 33,048 ICE CREAM (1000 gal.H 1945* 1,250 1,627 -------------------------------1,209 1944* 991 1,075 1,382 1,687 2,491 2,944 3,200 2,997 2,193 1,897 i,680 1,076 24,01! 1930--39 average -------------215 262 434 570 752 893 904 845 686 460 259 205 6,485 A.MER/CAN CHEESE (1000 lbs.) 1945* --------------------------------779 893 1,433 762 919 1,306 1,884 2,273 2,159 2,076 1,621 1,372 1,148 869 708 17,197 1944* -----------------------------­ 1930--39 average -------------554 590 737 1,050 1,215 1,129 1,119 1,025 866 852 718 641 10,496 MILK EQUIVALENT OF DAIRY PRODUCTSt (1000 lbs.) __ _____________ ____ _____ ____ ___ 57,308 1945* 63,892 90,029 1944* 65,602 86,517 119,889 144,977 137,502 140,357 115,184 97,137 82,777 63,531 57,455 1,190,864 ______________________________ 59,584 1930--39 average ______ ________ 54,675 57,139 67,456 89,641 104,323 97,562 97,075 89,185 76,165 73,444 60,119 55,872 922,656 •Eatimates of production made by the Bure.au of Bueinest Research. tMilk Equivalent of Dairy products was calculated from production data by ~he Bureau of Busines1 Research. Hncludt1 ice cream, 1berbet9, ices, etc. Non: IO-year avera&e production on creamery butter, ice cream and American cheese based on data from the Agricultural Marketing Service, U.S.D.A MARCH, 1945, CARLOAD MOVEMENT OF POULTRY AND EGGS Shi pments from Texas Stations Cars of Poultry Cars of Eggs Shell Chickens Turkeys Shell Frozen Dried Equivalentt •Destination 1945 1944 1945 1944 1945 1944 1945 1944 1945 1944 1945 1944 TOTAL 7 6 2 6 45 37 111 177 122 35 1,243 765 Intrastate 0 0 0 3 1 27 56 53 8 8 177 165 Interstate ---------------------1,066 600 7 6 2 3 44 lG 55 124 114 27 Receipts at Texas Stations TOTAL -------7 7 0 2 2 71 60 4 1 176 155 , 27 0 0 0 69 4 170 Interstate -------------------------7 7 0 0 2 11 2 14 0 1 6 47 Intrastate ---------------------0 2 16 46 0 108 •The destination above is the first destination l\S shown by the original waybill. Changes in destination brought about by diversion factors are not shown. tDried eggs and frozen eggs are converted to a shell-egg equivalent on the following basis: 1 rail carload of dried eggs=8 carloads of shell eggs, and 1 carload of frozen eggs=2 carloads of shell eggs. NoTE: These data furnished to the Division of Agricultural Statistics, B.A.E., by railroad officials through agents at all stations which originate and receive carload shipments of poultry and eggs. The data are compiled by the Bureau of Business Research. MARCH SHIPMENTS OF LIVE STOCK CO VERTED TO A RAIL-CAR BASIS* Cattle Calves ·Hogs Sheep Total1945 1944 1945 1944 1945 1944 1945 1944 1945 1944 Total Interstate Plus Fort Worth ______________ 5,471 2,928 576 475 654 1,815 619 284 7,320 5,502 Total Intrastate Omitting Fort Worth ________ 1,247 526 102 129 24 127 33 44 1,406 826 TOT AL SHIPMENTS ______________________________ 6,718 3,454 678 604 678 1,942 652 328 8,726 6,328 TEXAS CAR-LOT* SHIPMENTS OF LIVE STOCK FOR YEAR TO DATE Cattle Calves Hogs Sheep Total 1945 1944 1944 1945 1945 1944 1945 1945 1944 1944 Total Interstate Plus Fort Worth _______________ 12,994 7,989 1,947 1,771 1,777 4,7C3 1,573 827 18,291 15,290 Total Intrastate Omitting Fort Worth___________ 2,520 1,581 383 367 83 317 156 145 3,142 2,410 TOT .l\L SHIPMENTS _____________________ 15,514 9,570 2,330 2,138 1,860 5,020 1,729 972 21,433 17,700 •Rail-car Buia: Cattle, 30 head per car; cal'fes, 60; ewine, 80; and sheep, 250. Fort Worth shipments are combined with interstate forwardings in order that the bulk of m.:irket disappearance for the month may be shown, Noi:E: These ?at~ are ~ura~shed the United States Bureau of Agricultural Economics by railway officials through more than 1,500 station agents, representing every livestock shipping point m the State. The data are compiled by the Bureau of Business Research. PETROLEUM Dai ly Average Production On Barrels) March, 1945 Marc h, 1944 F eb., 1945 Coastal Texas''' ---------------­ 564,450 514,100 562,100 Eaot Central Texas -------­ 146,700 116,600 144,200 East Texas ----------------------­ 381,000 367,800 392,000 North Texas ------------------­ 149,300 142,300 148,800 Panhandle -----------------------­ 88,000 93,800 88,000 Southwest Texas ------­------­ 352,150 291,300 347,000 West Texas ---------------------­ 477,400 343,000 464,300 STATE ----------------------------­ 2,159,000 1,868,900 2,147,350 UN ITED STATES _________ 4,776,400 4,391,000 4,755,550 • In cl udes Conroe. NOTE: From American Petroleum Institute. Sec accompanying map showing the oil producing districts of Texas, Gasoline sales as indicated hy taxes collected by the State Comptroller were: February, 1945, 96,511,421 gallons; February, 1944, 90,577,742 gallons; January, 1945, 113,617,721 gallons. February sales to the United States Government as recorded by motor fuel distributors in Texas were 242,971,753 gallons. COMMODITY PRICES March, 1945 March, l!H4. Feb., 19l5 Wh olesal e Prices : U. S. Burea u of Labor Statisti cs (1926= 100) ---------------------------------­ 105.3 103.8 105.2 Farm Prices: U. S. Bureau of Labor Statisti cs , (1926= 100 ) ---------------------------------­ 127.2 123.6 127.0 Retail Prices: Food (U.S. Burea u of Labor Statis­ ti cs (1935-1939=100) --------------­ 134.7 136.5 Cost of Living Index (1935-1939 = 100) -------------------------------------------­ 123.8 126.8 Depa rtment Stores (Fairchild's Puhlications Janu ary, 1931=100 ) ------------------­ 113.4 113.4 113.4 Di trict 1-N -------------------­Amarillo -------------------· Plai nvi ew All Others -----------------­ District 1-S. Lubbock All Others Distr.ict 2 ----------------------.. ­ Abilene All Others -----------------­District 3 District 4 Dalla$ Fort Worth --------------­ Waco All Others District 5 District 6 District 7 -----------------------­ District 8 Austin Corpus Christi San Anto·nio -------------­ All Others District 9 -----------------------­Houston All Others -----------------­ NoTE : Prepared from reports Domestic Corporntions: Capitalization ____________ Number --------------------Classi fications of new corporations: ' MARCH RETAIL SALES OF INDEPENDENT STORES IN TEXAS (By Districts) Number of Percentage Changes Estnb· Ma rch, 1945 Ma rch. 1945 Year. 1945 lishments from from from Reporting March, 1944 Feb., 1945 Year, 1944 TOTAL TEXAS 951 + 16.7 + 24.5 + 15.1 TEXAS STORES GROUPED BY PRODUCING AREAS March, March, Feb., first Quarter . 1945 1944 1945 1945 1944 ·1,296 $314 S526 $2,353 $1,722 81 50 70 175 142 62 + 30.6 + 33.l +24.0 22 + 33.7 + 23.8 10 +52.7 +48.4 30 +25.3 +40.l 25 + 16.4 + 26.1 + 14.6 14 + 17.6 +26.8 11 + 12.l +23.5 83 + 14.5 + 19.4 + 15.4 23 + 6.3 + 14.9 60 + 20.3 +22.4 34 + 20.2 + 33.6 + 19.4 219 + 17.3 +22.6 + 16.6 32 + 16.2 +.20.5 27 + 20.3 + 20.6 27 +20.6 +35.l 133 + 15.0 +27.7 111 + 17.6 +23.0 + 13.2 32 + 11.2 + 19.1 + 12.0 49 + 12.6 +22.5 + 7.5 165 + 18.4 + 29.6 + 18.0 14 +23.5 +33.7 22 + 22.5 +30.0 47 + 18.5 +30.3 82 + 9.3 + 21.9 103 + 14.5 + 24.8 . + 13.1 46 + 16.2 +23.9 57 + 10.4 +27.3 21 + 12.0 +20.6 + 12.0 42 + 13.9 + 12.1 -3.6 of independent retail stores te the Bureau oi Bahking-Finance Manufacturing ---------­ Merchandising _________ _ Oil -------------------------------­Public Service ---------­Real Estate Build in g Transportation ---------­All Others -----------------­Number capitalized at less than $5,000 _______ _ Number capitalized at $100,000 or more __ __ _ Foreign Corporations (Number) -----------------­ •In thousands. Non:: Compiled from records Business Research, coOperating with the U.S. Buri;au of the Census. TEXAS CHARTERS 5 16 28 7 2 43 4 37 45 2 39 of 6 5 28 8 12 9 2 11 32 4 24 the 0 2 11 4 0 21 1 11 17 0 10 Secreta ry 2 7 16 2 6 8 5 24 44 1 10 of State. 10 15 48 14 19 23 9 37 84 5 54 First quarter First quarter March, 1945 March, 1944 Feb., 1945 1945 1944 Abilene ----------------------------------------------------------­4,065 11,290 s 15,220 $ 32,220 149,095 Amarillo -----------------------------------------------------------------------­221,130 188,395 111,988 484,901 269,410 106,930 _Austin -----------------------------------------------------------------------­187,538 57,364 192,027 543,788 Beaumont ------------------------------------------------------------157,391 48,956 82,295 314,553 234,799 • Big Spring --------------------------------------------------------------------86,810 11,675 . 57,765 231,385t 14,395 Brownsville -------------------------------------------------------------­8,938 8,405 12,079 35,969 Cleburne ------------------------------------------------------------------------­15,950 550 7,535 25,285t • Coleman -----------------------------------------------------------------0 300 4,500 4,500 300 Corpus Christi ---------------------------------------------------1,505,528 104,357 139,941 1,823,101 344,862 Dallas -------------------------------------------------------------------­ 623,383 433,797 293,990 1,415,093 2,113,898 5,404 1,940 3,950 11,215 6,890 Denton ----------------------------------------------------------------------­ 26,125 10,890 10,500 37,495 14,507 ~fip~~~g----~~~~-_::=:--~-~-:--~--:~----=--~-~:~~-~~-~---~----:--_~_~_-:_:~-~---~-----~: 26,640 40.285 20,506 147,615 104,761 Fort Worth ----------------------------------------------------­567,896 374:468 387,732 1,316,675 830,633 Galveston --------------------------------------------------------------­45,962 44,085 66,004 165,158 264,912 Gladewater ---------------------------------------------------------------5,750 550 350 ·8,100 2,805 Graham ------------------------------------------------------------------------­21,152 0 2,150 25,622 4,995 Harlingen -----------------------------------------------------------------------­26,150 17,650 22,300 64,294 23,600 Houston -----------------------------------------------------------------5,076,803 555,896 1,037,809 6,737,115 1,482,636 1acksonville ----------------------------------------------------------­1,000 12,300 4,800 9,950 18,750 Kenedy -----------------------------------------------------------­0 3,800 0 0 38,000 Kerrville ------------------------------------------------------­28,130 350 16,180 59,915 2,700 Longview -----------------------------------------------------------------­15,320 4,055 6,395 23,990t • Lubbock -------------------------------------------------------­113,019 39,627 177,996 437,443 89,939 McAllen ------------------------------------------------------------­34,856 9,265 25,720 81,856 22,875 Marshall -------------------------------------------------­18,978 5,251 10,581 72,631 19,736 Midland ----------------------------------------------------71,575 91,400 66,950 170,638 116,550 New Braunfels -------------------------------------------12,570 4,430 16,635 39,259 6,981 Palestine ----------------------------------------------------------------------­1,085 500 475 4,830t ,• Pampa ---------------------------------------------------------------------------­4,850 690 48,300 78,150t Paris -------------------------------------------------------------------------­34,150 82,325 9,850 50,920 100,295 Plainview --------------------------------------------------------------­25,910 2,150 6,150 43,201 2,500 Port Arthur ----------------------------------------------------------­33,035 30,848 17,318 77,157 78,986 San Antonio ----------------------------------------------------------­470,787 378,482 422,304 1,309,070 1,032,280 Seguin -----------------------------····--·····----------------------------------4,244 4,882 810 6,879t • Sherman _:_____________________________________________ 14,949 12,437 17,643 41,527 29,987 Snyder ········------------------------------------------0 0 0 1,000 0 Sweetwater --------------------------------------------------------------11,075 9,075 12,830 28,080t • Texarkana.._________________________________________________________ __ ___________ _ 83,020 6,450 21,550 126,780t Tyler ---------------------------------------------------------------------98,675 10,668 30,636 151,258 26,630 Waco -------------------------------------------:____________________ 68,433 114,585 109,333 274,491 279,867 Wichita Falls --------------------------------------------------48,599 33,567 10,937 84,136 69,987 TOTAL --·-····--------------------------------------------------$ 9,806,875 s 2,232,992 $ 3,495,639 $16,071,866 $ 7,992,105 •Not availabl e . ! Not included in total. NOTE: Compiled from reports from Texas chambers of commerce to the Bureau Of Business Research. TABLE OF CONTENTS PACE PAGE ARTICLE Business Revie1c and Prospect, F. A. BuecheL__ 2 ~~~':o~i!ian~:isli:~t-·:_:·:::::::::::::·:::::··_:::::~::::: ::::::::::··--­---··---­Credit Ratios in Texas Retail Stores ·-------·····­ ~ 3 CHART Trend of In co me in Texas _ _____ _ -­------···­-----------------­--·------­ 1 Dairy Products Manufactu red in Pl~~-;~·-;·~---T~~-~-~·::::::::::: Employment and Pay Rolls in Texas......... 6 4 LIST OF TABLES Bnilding Permits ____ ___ ------·---------_ ----­-­--­--·­·· ··············-·-------­Carload Movement of Poultry and Eggs ----------------··--·-----·­ 8 6 Lumber ---·····-----·-·---···­···-----·--· -------------·-··----·· ::::::.::::::·--------··· Percentage Changes in Consumption of Electric p~;,-~~---­~~~~~e~~c~i-pt~··:::::::::::: :: ::: ::::::~:::::::::::::::::::::::··---·--·------··-:::: 2 2 ~ Charters ····-······-----·--------­-------­-··--····---­-····-···-------­--··--·-----­Commercial Failures.....................--------­---------·--· -·······-----------· 7 2 ~h~;~e~~~e:ti~~e~~~~kd.~-~-~--~t_o_r~~-­i-~--~~~~~:::::::::::::=::::::: 7 , ~