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Show BUSINESS TREND UP If AREA, BARK REPORTS Business activity in the Utah-Idaho Utah-Idaho area lor the first nine months of 1955 is 10 to 15 per cent abpve last year's, an economic report re-port showed this week. The report is contained in the October issue of First Security Newsletter, published by the First Security system of banks. Dr. El-Roy El-Roy Nelson. First Security Corporation Cor-poration vice president and economist, econo-mist, is editor. The report shows that "new construction con-struction records have been established es-tablished both in dollar volume and in residential units in major cities and suburban areas in Utah and Idaho." The report added that "despite "de-spite new construction, vacancies in major areas are below 2.5 per cent." Employment in Utah reached an all-time peak in September 6 per cent higher than in 1954. The seasonal employment peak in Idaho Ida-ho occurs in October and should "reach a new high level." Metal production copper, lead, zinc, iron and steel is at, or above, rated capacity in most mines, the Newsletter said. Cash receipts from farm marketing mar-keting in Utah and Idaho during the summer were six per cent below be-low 1954. Manufacturing is up, and department store retail trade in leading Utah and Idaho cities is 12 per cent above last year's, compared com-pared with the national increase of 7 per cent. Bank loans in Idaho were up 15.6 per cent in August above last year, and in Utah, up 19.3 per cent. Sale of new cars in Utah during the first eight months of 1955 were 52.7 per cent above 1954. Used car sales were up 12 per cent. A special treatise in the October Newsletter discusses "This Business of Money." |
