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Show jim iwju)iuiuj"ijwwujuiiuwwwi.iwwwwiu wwmfwwm, ' , ' ' ' " ' s ' , ' ' ' ' -Of . $ j" ' o . .- $ V - . ? i - ! - v - J i iferf ! ? f Willard Eccles Prominent Banker Predicts Business Picture for 1957 Utah's business picture for 1957 will be slightly above that in 1956, and employment should gain to new record highs, a banking leader predicted Tuesday. He is Willard L. Eccles, president of the Utah Bankers Association. Mr. Eccles is also vice president-secretary-treasurer of First Security Secur-ity Corporation and senior vice (Continued on Page 2) Eccles (Continued from Page 1) president of First Security Bank of Utah, N. A. "There is no evidence that our robust economy of the past three years has reached a peak," 'Mr. Eccles said. "Our studies show that most mineral production, on which much of the state's economy is based, should continue at high levels. Steel should continue to operate at capacity to fill orders now on the books. Indications are, however, that steel shortages will somewhat affect expansion plans of fabricators." "Bankers expect savings in Utah to continue at a relatively high level, "Mr. Eccles said. "Higher bank interest rates, together with promotional activities to encourage encour-age thrift, should encourage further fur-ther gains in savings." "Our surveys show that total construction in Utah in 1957 should approximate the $300 million figure in 1956," the bank leader said. "Construction of commercial and industrial buildings should about equal 1956 levels, while outlays out-lays for utilities and pipelines should be somewhat above 1956 totals. Housing construction is expected ex-pected to be slightly lower than last year. Construction for local governmental units and schools should be about even with 1956, with reclamation and highway programs pro-grams up." "Our Utah bankers expect the demand for credit to be high for some months, possibly higher than the supply of available funds," Mr. Eccles said. "Tight money has helped to curb threatening inflation." |