Show Upswing noted in business by banking firm A general upswing business activity is shown in many segments of Utah's but a steady upward movement rather than a boom is expected in the months That is report of First Security Bank's Newsletter which will be distributed Paul First Security said The newsletter Is prepared by ElRoy First Security vice president and The newsletter reports that estimated personal income in Utah for the first quarter of 1961 was some million ahead of 1960 First Security notes that employment in the state's missile industries continues to rise and is now over cash receipts from farming in Utah in 1961 will probably be slightly below the total of million reported for the newsletter late March snows the outlook for water is rather dim in many of Utah's irrigated I Most of Utah's mineral industries show some improvement for tile 1961 the newsletter By industrial production had been increased to levels of a year Nine open hearth furnaces are in operation at and one of the blast furnaces' at Ironton is now in Department store sales in major cities after a rather poor early start moved ahead of last year's totals in First Security notes industry in Utah began the upward swing somewhat ahead of the the newsletter Total non-agricultural employment by mid-March was or per cent 1960 but by April was approximately equal to last Further improvement is First Security |