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Show WEEKLY ; REFLEX-DAV- NEWS JOURNAL, MAY 20, 1976 IS The outlook for Utahs economy in the second quarter of 1976 is excellent. Further employment growth is anticipated in the manufacturing and construc-- ; These were the highlights of the quarterly First Security Bank News Letter, being distributed this week, according to Lynn Bradford, Manager and Cashier. Dr. Kelly K. Matthews, vice president and economist, is editor of the News Letter. BUSINESS ACTIVITY in Utah accelerated in the first quarter as measured in terms tion sectors. : . ! : A STRONGER demand for steel and possibly copper in the second half of the year will benefit local producers. Substantial real growth in re--; tail sales is expected to con-- : i-- t r' fc ( x : ,,3 ' i y 1 1, y, both significantly higher than last year. EMPLOYMENT Utah accelerated reaching a total of 485,500, an increase of 19,500 employees, or 4.2 percent over a year ago. Jobs in manufacturing, fabricated metals, electrical if percent above last year. were up, employment in primary manufacturing while portation manufacturing remains below a year ago. In the fourth quarter of 1975 retail trade and services totaled $1,344 million or 17.5 percent above the corresponding period a year ago. Sales and use tax collections reflecting 28 automobile and building industries. STEEL OUTPUT in Utah County continues to show some increase in output and construction V r V,' .. ' I i percent. Outlook is generally good for a slow increase in demand because of favorable changes in the 14 Jty, -- "r, Copper production in Utah, in January, was 18 percent below that of a year earlier. Nationally, output was down TOTAL CONSTRUCTION contracts awarded in Utah for the first two months of 1976 were valued at $63.4 million, 2 9 percent below last year. Residential construction contracts, however, increased 32 5 percent, to $43 6 million. made sales generally in January were year. h metals, ordinance and trans- EMdDtBBUfl dropped 50 percent below last Au- in the January-Marcperiod were up approximately 25 percent over a year ago. sales tomobile I '- - currently is at 80 percent of rated capacity. There is some increase in employment with almost all those released a year ago being called back. Prices have remained relatively stable, with some increase in scrap prices. The report goes on to point out that cash receipts from farm marketing in Utah in January decreased 8.7 percent below the same month a year ago. Although receipts from livestock and livestock products were up 19 percent, crop receipts had fallen 4 percent. IS ' ; . k f 't 1 vl o. r. I ; ; V V - ; ,, Vt m , Straw Hot Mats, many styles 13"x15" vinyl Magnetic photo album, 8 sheets provide 16 pages Super scissors will Stainless steel scissor, molded plastic handle Shell planter hanger hangers, 35" to 43" long, many styles shopping bag Photo cubes to display instamatic cut almost any material 'll1 pictures ' S' 4 r'?: u i I O ii - L ss-- i" m2 J , i 5 Novelty savings banks, many styles Woven nylon floor bar slack rack mat, 22"x34", design multi-strip- e 36" shell necklaces, Plastic coated playing cards, bridge or poker Package of 60 plastic utensils: 24 forks, 24 spoons, 12 knives 16 oz household sprayer with pistol grip handle many styles bowls, 6" diameter 5"x5" wall plaque savings bank with wood frame insert & tile Photo frames to display instamatic & polaroid pictures, 2 frames in ea box Glass or metal plant sprayer-yo- ur Cast iron 13"x 14" Waffle weave dish cloths u Basket full of shells from the Philippines choice Famous Foster Grant polarized sunglasses in choice of styles, metal frames, mens and ladies, val $6 10"x1'2" wood chopping blocks, One dozen vinyl coated wire hangers Batteries, choice of "D" or "C" sizes Selection large woven wood bowls & trays, from 10" to 13" diameter Woven wood salad & 16" adjustable wood book rack tile trivets several shapes 2 locations 399 South State Street 943 Pages Lane Center Lakeside Square Shopping 'i r ; '(59.2; 'ia ml demand If tupply lo tfll imcvraly lnt lo providt adaquala non .rii.al. or lor any raa.on, advartiaad .lam. ara nol m .lock b.c.u.e ol limited ara lo which llama qu.nlilie. In ram check, ara a.a.labla on raqua.l aerved Plea.a .lock and which cannot be raordarad ara lir.t coma, tir.l hop tarly Sorouu 'US. 'f)I Clearfield, Utah Open: 9 a.m. to 8 p.m. 11 Centerville, Utah a.m. to 5 p.m. Sundays ; ing member banks in mid-- " March totaled $1,536 million,; up 1.4 percent from a year:-agCommercial borrowing is expected to pick up in the;' second half-yeaDemand: deposits totaled $747 million, ;' up 7.2 percent, while time and ; savings deposits, at $1,427 ' million were up 16.6 percent. ; A" s . LOANS OUTSTANDING at : Utah Federal Reserve report- - ; ; - ' V v growth in in March equipment, chemical and peand troleum apparel T 1 ' construction activity were employment, retail sales, production and construction. The rapid growth in If f manufacturing, mining and construction employment is positive indication of a growing and healing economy. Retail sales and residential of tmue. iaoleellx: Mm (a Sf- - masitrcharge |