| Show Bank's news letter shows business is Above 1963 in Below national Total activity Utah by early October had reached a point above 1963 but because of missile industry cut the increase was below the national THIS IS Tire REPORT of First Security Bank's quarterly News Letter which will be distributed this it was announced Monday by Paul Roosevelt The News Letter is edited by vice president and economist of First Security t ACCORDING TO THE News the reduction in missile industry payrolls for the year will amount to million and the copper strike cost mill ion in direct wages and payrolls at and other affected production and trade in the fourth quarter are expected to be well above 1963 the News Letter TOTAL employment in mid-September was some below After settlement cf copper employment rose above year ago levels and approached by early October were in primary metal production and other durable public retail finance and service the News Letter There Is a slight decrease In federal government but it Is more than offset by increase in state and local government employment FIRST SECURITY reports an Increase of over 1963 in manufacturing employment In industries other than which are Increases are reflected In most industrial including food processing and metal especially and are operating at near capacity and reflect the direct demand for such metals by the nation's THE NEWS LETTER note that total value of all mineral production in the Beehive state In 1954 will approach the plus million reported in each of the four preceding Output of copper and other was curtailed by the month strike during the third which in turn affected the of phosphate This meant a loss of approximately million in mineral for the mid-summer output of most metals on a month-to-month basis is some 2 to 25 per cent over that in Security Steel production is at optimum operating Ingot output is well above 80 per cent of and the out- NEWS page 12 News Letter from pago look for the rest of 1964 is excellent because of Increased demand for steel COPPER production through the first six months of the year was up 25 per cent over last year's levels and the same Increase is forecast for the last reports First in the price in September reflects the national and International demand for the red the report silver and coal production are also running ahead of last year's as is fertilizer Crude oil is some 12 per cent below levels due principally to quantities of crude from the nation's oil wells and from that CASH RECEIPTS from farm marketing in Utah for 1964 may be slightly below that total of million reported last Decrease in income from the sale of will be offset by more receipts from wool and turkey Food although early frost has curtailed somewhat the canning should approximately equal and fruit and grain production is considerably First Security reports that take-home pay increases will total almost million in the state as a direct result of the tax the fourth quarter this means at least million addition over that of for the purchase of goods and services and for the News Letter Total anticipated disposable personal income for the last three months of the year is expected to total almost up million from the corresponding period last INCREASED total and disposable personal incomes are reflected in increased retail Department store sales were reported up four per cent for the first eight and new car sales totaled up from a year An excellent fourth quarter is expected in car and truck sales if cars arc Demand for bank credit continues to reports First and bank debits to demand deposits the first eight months were up million in Salt Lake and million in Deposits in Utah banks totaling million were up million from last Thirty-nine million of the increase was in savings and time You can tell when you're on the right because it's by Coach Scott The kids wanted thin real They out out and out charged East Carbon to bring home a The game was played at 1ST QUARTER Union kicked and then took the ball on their own 35 yard A pass from Wil-ford Evans to John good for 40 yards was called back because of illegal The ball changed sides a few and Union was able to push over the first Lyle Lemon made the and Franklyn kicked the extra 2ND QUARTER Union held East Carbon on their own 20 yard line for a fourth with about four minutes left in the Union kept control of the with and Duncan pushing it down to the 8 yard Union's sophomore Don ran around left end for the second Union missed the extra and Union led at 13 to 3RD QUARTER Union pushed the ball down to the but East Carbon came back with a few running plays before passing to one of their ends for a The try for extra point was Union got several drives go-ling late in the 3rd but each time they gave up the ball |
