Show Business Outlook Fair to Good Says First Security Newsletter Business In Utah at the end of the third quarter of 1970 was slightly better better bet bet- ter than anticipated and the outlook for forthe forthe forthe the fourth quarter is fair to good This Is the report retort of the quarterly First Security Se Bank News Letter being distrIbuted distributed distributed distri distri- buted this week according to Bill Dill GIbson Gibson Gibson Gib GIb- son manager Vernal office of First Security Bank of Utah N. N A. A First Security reports that production and employment as well as personal Income are somewhat above 1969 1909 levels and the rate rale of increase over last year is apparently above the national aver aver- age I DURING the final quarter of the year yeara a slight increase in the tile economic pace is expected There are arc however pressures pres Ires on prices of agricultural products and some sense industrial products including lead and zinc Mineral production in the state for forthe forthe the tile first nine months of the year ear both bothIn bothin bothin in total volume and value and almost almost almust al al- al- al most must equal to the previous year Copper production has continued at a 25 thousand tons per month average The Bureau Dureau of Mines lines retorts reports orts copper production was up UI five per cent from one year ago for the first seven months LEAD PRODUCTION for the first seven months was reported at about 27 thousand tons and zinc at nearly 25 thousand tons both approximately 12 per cent above 1969 Gold production for tho the period at ounces was down slightly while silver production increased 12 l per er cent over 1969 levels j STEEL OPERATIONS during the summer sum sum- mer continued below mill capacity However However How How- ever according to the News Letter by the end of September output of steel was somewhat higher than one year ago Uranium and crude oil output was reported about the same as last year while coal production in the state was slightly above the previous pre year CASH RECEIPTS from farm marketing marketing market market- ing In 1970 should approach the total of million received In 1969 Prices for both slaughter and feeder cattle have continued generally above one year ago Fed cattle prices should be about the tho same as last fall and some decrease in weight of slaughter animals is expected ex ex- because of high feed prices especially corn com MILK PRODUCTION Is running about six per cent above last year but eg egg production is down nine per cent and prices are also lower Total construction value in the Beehive Bee flee hive state for the first seven months of 1970 totaled 1964 1904 million up nearly 25 per cent from the previous year Residential construction was reported up from 40 per cent and nonresidential non building construction was double that of one year earlier THE NEWS letter reports that total employment In Utah In September mid was an increase of more than 10 thousand or 2 24 i ir r rent above 1969 Major Increases over the previous year ear were in primary metals coal construction construction construction con con- and all trade finance and service service ser vice industries THE LABOR force orce in September was estimated at up from one year earlier Unemployment at was 51 per cent of or the Ule labor force |