Show l I Good Outlook ft Is Seen in in Utah Economy H and movement move move- ment went of Utah's economy eco omy has been replaced by a generally Improved outlook The states state's steel produce tion by late March had larch Ij moved up to 80 per cent of ot rated capacity The copper picture Is bright and the construction outlook Is la excel excel- lent Utah's personal Income for first quarter was approximately approximately approximately 30 million above o that for forthe forthe forthe the same period In This Is the summary of First Security Banks Bank's Newsletter contents con contents tents of which were released release on Monday by Donna W. W Dearden assistant manager first Security Bank Dank Park City Oty iThe i The Newsletter is la prepared t by y Nelson First Security vice president and economist First Security rei reports orts that personal per per- ronal income in I Utah during first three months totaled appropriately million Outlook Out Outlook Outlook look for the second Quarter le is for some further Increase e somewhat more than seasonal the Newsletter Newsletter News News- letter reports The Newsletter says says that anticipated anticipated anticipated anti anti- cash receipts from farmIng farmIng farm- farm Ing lag in Utah in 1963 are considerably considerably consider consider- i ably lower than the total of 11 1 million reported for 1962 Somewhat Somewhat Somewhat Some what lower prices for livestock i than prevailed last year are indicated indicated in in- In-I In the ba bank observes D Drought r o 0 u ugh g h t conditions affecting ranges and als also irrigation water were relieved only in part by the late March storms Department store store sales in maJor major ma ma- jor for Utah cities well above 1962 levels and new car carand carand carand I and household appliance sales are well ahead of 1 pace ace Total nonagricultural employment employment employ employ- ment by mid March at in Utah was waa 44 per cent figures figures fig fig- pres ures a year earlier Increases were in all segments except mining min min- ing Utah employment ratios for forthe forthe forthe the first three months of this year year have been and ant are among the lowest in the nation First Security reports |