Show FIRST SECURITY NEWSLETTER Business Upsurge in hi Nation Naon Utah Sign Signs of an upsurge in husi busi- business ness nt s in Utah and till the nation have han appeared in leading econ econ- omil according to First y Bank THE GROSS GROSS national product increased uy by only 44 U billion in inthe till the first quarter of 1907 Which was about equal to pr price le increases in- in creases TI l second quarter in in- in taking place mostly in lav Islay and June is at It 10 billion Personal income by June was lip up 57 per 1111 cent from a year lar ago Most lost segments of till the econ econ- ony omy contributed to till the I tilH let and ing wages and salaries Employment nationally is at an all lime high with on- on at less than 4 per cent of till the labor force BUSINESS IN Utah accord accord- according ing to a First Filst Security publication tion tion reflected the national situ situ- situation allon in the first filst half of 19 1967 i ula I m employment ent entWIS was WIS 4 per cent cInt above l last year for an increase of 1200 1 14 jobs making a 1 total of Im I'm The civilian labor force however has increased slightly f lQ I H t h to tot tot at al Personal income totaled ap ap- ap approximately proximately 1340 million for fOl forthe the first six sic months of this year al an increase of I O mil mil- lion over the same period in 1966 11 THE NEWS letter said that th the ag agricultural outlook In Utah Is fait fair It is expected that gross receipts from fa farming will wi total slightly less than last year ar principally nci pa lIy because a II se of I the he low low- lower er 1 livestock li and products in- in income com come for the first half of the 11 year Outlook for the latter half of f 1967 is somewhat better Mineral I production should bt be about to the million total of last year Copper pro Pro- Production largely a result of cons com i of major capital IX cx at is running at 10 pcr cent above I year ago levels Lead and zinc and gold and silver sil a are 11 slightly above e year ago levels h Coal tion is b below that of in part to substitution of New Mexico coking coal in place of Utah's for fOl steel operations in Southern California CRUDE OIL production for fOl forthe the half year is slightly below l I lr l d genre in Chilling for fOI oil may follow the Ihl Middle 1 East war sar with its attendant reduction in oil front from that area alta Fertilizer production is lg Cs new records for all three major plant foods in eluding nitrogen from Utah pro pro- production production at Geneva potash from mines in the Moab 1 area trea an and andRich Rich and Uintah counties Pot Pot Pot- Potash ash ore orl production in Moat Moab ap tIll the Ion per pcr day ay TOTAL manufacturing con above II a year ago both bothin bothin in output and employment Thi this applies especially to the nonferrous meirl smelting and refining fertilizer production food and apparel Steel lion tion is at 70 per cent of rated capacity about the national le d cl Operations lOIS errors zero at al the thc Geneva complex has proved excellent in output im p nH ht- ht Construction contracts award t ed in Utah for the first four months at million were down 46 per percent cent from a year earlier However preliminary data for fOl May lay and June indicate activity then approached last years year's totals |