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Show Sugar Mouse Bankers Release Economist Report Non-agriculture employment in Utah in December was 243,-200, 243,-200, up 4,100 over a year before, and bank savings accounts increased in-creased by 23.5 per cent during the year. Those are some of the highlights high-lights contained in the First Security News Letter which will be distributed this week, according accord-ing to C. G. White and B. W. Vincent, assistant vice presidents presi-dents of the First Security Bank of Utah, N.A., in charge of the Sugar House office. EIRoy Nelson, First Security Bank vice president and economist, eco-nomist, odits the News Letter. He is assisted by Harvey Frazier. "Despite tight money of 1957, loans of reporting member banks (of the Federal Reserve System) continued to increase, and at ha end of November were up 8.3 rr cent in Utah above the previous pre-vious year's total," the News l.ttLcr says. Rink debits, reflecting the velum of business transacted through checking accounts, were up 8 per cent in Ogden, and 10 per cent in Salt Lake City, above 1956s totals, First Security reports. re-ports. While employment was up in December in Utah, ''by comparison com-parison with one year ago, the insured unemployment in early January was up from 3.3 to 4.5." The News Letter predicts that cash farm income in the inter-mountain inter-mountain region in 1958 will approximately ap-proximately equal 1957's. Gross mcome is expected to be slightly higher, net income approximately approximate-ly the same because of higher ' costs. Preliminary data indicate i that gross farm income in 1957 will reach $174 million in Utah. While business during the first quarter of 1958 "is slow by accepted post-war standards, some pickup is anticipated for he second quarter as inventories ara reduced and public construction, construc-tion, especially highways, is accelerated." |