OCR Text |
Show Bank Releases Current Report Recovery from the recession is well under way in many seg-metntsi seg-metntsi of the Jintermountain region's economy. That is the message of the First Security News Letter which will be distributed this week, according to C G. White, and B. W. Vincent, assistant vice president's , First seajinty Bank, in charge of sugar fifruse bank. . ( . The news letter reports that bank debits in Salt Lake City are up five per cent over last year in September, and the "same trend is indicated for rontiitied on pafc'e 6) (Continued from page 1) , October." First Security notes that these figures ''indicate a reversal of the one-year downward down-ward movement." In Boise, Bank debits for eight months were up 12 per cent over 1957, and were up 15 percent in September over a year ago. Turning to metals, First Security notes that in late October the outlook for lead and zinc was the best in more than a year." Steel output in Utah has increased since the low point in July, and is now at approximately 75 per cent of capacity. For 1958's first nine months, dollar volume of all construction construct-ion in Utah is up 41 per cent over last year's low-level; in Idaho, up 22 per cent. Idaho's cash farm income for 1958's first eiglic months is up 20 per cent over 1957's. In Utah, cash farm income is two per cent below last year's "due to bad weather, poor crops, aftd decreased marketing of livestock." "With considerable revival in most industries, employment levels have been increasing somewhat more than season, ally," First Security reports. , Retail trade by September was approximately equal to last year's. Carload shipments for the region for, the fourth quarter are forecast at two per cent above 1957's. |