OCR Text |
Show with estimated cash receipts from farming in 1965 above the $160 million mark reported last year. Increases in prices for livestock have accounted for the major source of income. Price of cattle has increased approximately $7 from the last year and $3 since March. Crop outlook is good to excellent ex-cellent except for fruit. This year's fruit was frozen and will harvest less than one-fourth one-fourth of 1964's. Department store sales are 5 per cent above last year. New car sales are up 9.5 per cent and truck sales are up 3.1 per cent, the letter stated. Utah's economy continues expansion trend The economy of Utah expanded ex-panded considerably during the second quarter of 1965 and the outlook for the next few months is excellent according to the First Security Bank's news letter. Personal income, estimated at $1,130 million is some $60 million above 1964, first quarter. quar-ter. Steel production continues at capacity levels, copper production pro-duction is on a seven-day op perating basis, and lead anc . zinc production were running ; ahead of 1964 levels until th( ; strike in May. Fertilizer output, including . the phosphates, potash, and nitrogen, ni-trogen, is expected to establisl new records and coal output ir the state is continuing above 1964 levels. Oil production is 14 per cent below 1964. Agriculture Agri-culture outlook has improved |