Vernal Express | 1958-10-30 | Page 12 | Recession over, Says Utah Bank Section

lle recession Cession over says udall baick recovery from the recession Is well under way i many of the inter mountain region s economy that is the message of tile the first security news letter which will be distributed this week according cording oc to harold it 11 baigent vice president and manager first birst security dank bank at vernal the news letter reports that bank debits in salt lake city are up five per cent over last year in september and the same trend Is indicated for october first security noks that these figures indicate a reversal of a 4 one year downward movement in boise bank debits for emilit months were up 12 per cent over 1957 and were up 15 ner per cent in september over a bear year ago turning to metals first security notes that in late october the outlook for lead and zinc was the best in more than a year steel output in utah has increased since the low point in july and is now at approximately 75 per cent of capacity for 1058 1958 s first nine months dollar volume of all corst construction ruction in utah Is up 41 per cent over last years low level in idaho up 22 per cent cash farm income for s first eight months Is up 20 per cent over in utah cash farm income is two per cent below last years due to bad weather poor crops and decreased marketing of livestock with considerable revival in most industries employ ment levels have been in creasing somewhat more than seasonally first security reports retail trade by september was approximately equal to last years year s carload shipments for the region for the fourth quarter are forecast at two per cent above