Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1917-05-02
IN
TEXAS GOING
ON AS USUAL
DALLAS FEDERAL RESERVE BANK IN
INVESTIGATION FINDS THAT CRI-
SIS HAS NOT lMTERFERED
WITH BUSINESS.
ON OTHER HAND, OPPOSITE CONDl-
Tl0kS SEEM TO 0BTAlM-uN-
CERTAIN ATMOSPHERE BE-
FORE THE WAR LIFTED.
tBy Associated Press. }

crisis in our international affairs. already
strained to the breaking point. was reach
ed April @, with the formal declaration Of
war against Germany, the effect OF this
condition and subsequent developments
have not seriously intcrfered with buSi-
ness in this district says the monthly re-
port of the Dallas Federal Reserve Bank
eleventh district issued today
''0n the other hand" says the report.
Prior 10 the formal declaration OF war.
there was an atmosphere of uncertainty in
various industries. Some disturbing cle-
ments were noted, and an undertone of
caution prevailed This condition. though
slightly apparent m some quarters, j. Ger
tainly not a. pronounced n expected
Commenting on the organized effort
throughout the district to mobilize al re-
sources for the government. The report
makes n conservative estimate that nj
least one-third more land in the district
will be planted in food crops than ever
before.
patriotism runs high in this section
IT says. "Wc may be depended upon to
do our full part in furnishing men. equip
ment and foodstuffs. The country wide
campaign for increased food production II
meeting with unselfish response throuhout
the district
The report summarizes conditions in the
district a follows:
Cotton Is satisfactory. North, North
west, East and Central Texas. although
cool nights have retarded its growth. IN
South and Southwest Texas, the weather
has been too dry There s undoubtedly
an Increased acreage.
Recent rains over the wheat belt have
been of material benefit With good in
crease in acreage, particularly in North
Texas and Panhandle section, the Texas
crop should be around 25.00O, 00s bushels.
\ conservative estimate would pk,ce the
Texas oat crop at 30,n00,000 bushels.
This will not meet consumption. how
ever. Is Texas yearly uses 30,000,0O0
bushels of wheat, 35,000.000 bushels Of
oats and more than 300 .0O0, 900 bushels Of
corn.
Prospects are for good fruit Yield.
Shipments Of onions from Laredo are now
moving at the rate of one hundred ears
per day.
The banking situation j. practically nm
changed. Deposits are heavy and mem
ber banks report large reserves. Clearings
at the principal cities for March were
S2I, ,iS9,76l. In March. 1916, they we're
Sl32, ,450,253. This shows an increase of
So, ,IS9, ,5OS, an increase of % per cent.
War apparently has not affected build
ing. Building permits decreased in num-
ber IN March, but showed 50 per cent
increase in valuation. Lumber prices are
the highest in the history of the industry,
authorities say, but not a. high as condi-
tions warrant.
Labor continues well employed. The ef
feet of enlistments has not been noticeable
The departure of thousands Of labor to the
North and East has been more unfavora-
BILE.
Except for unfavorablc range reports in
New Mexico, Arizona and Southwest
Texas, the livestock industry j. in good
condition. Prices continue high.
Oil activities in Northwest Texas are
only fifty percent Of what they ordinarily
would be, due to water shortage and in
ability to obtain easing.
Postotficc receipts IN March showed n
fourteen per cent increase over the same
month in 1910.
Wholesale trade continues in large vol
ume. Collections generally are good with
exceptions of the shoe trade. There is a
strong tendency, Wholesale groccrs report,
for consumers To over-buy.
The retail clothing trade j. below nor
NAL due To cool and unreasonable wealth
er.
Failures in Texas for january, Febru-
AIRY and March were %, with liabilities q
~ ,O64,S32. For this same period last
year the total was 1919, with liabilities Of
-, ,7l6.I33.