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<br />G 380 aI E T R 0 POL I TAN W ATE R D 1ST R leT <br /> <br />available economic statistics show the Los Angeles-Long Beach <br />Metropolitan area as the second largest in the United States in <br />population and as a business center. being exceeded in economic <br />"tructure only by the New York area. Between the Census of 1950 <br />and 1960 the Los Angeles area showed a net increase in population i <br />of 2,374,785. That is morfe }than ?OldlbSle the gTahin r:ecohrdeJd IbY, any .I <br />other metropolit'lll area 0 t 1e UllIte tates, en m t e u y ISSUC <br />of the same publication it is stated that during the first six months <br />Qf 1961, a marked recovery from the recent recession has occurred, <br />The Bank's Index of Business Activity in Southern California shows <br />an increasing momentum in the rate of rise during the past six <br />months, Moderately declining trends in employment in motion pic- <br />tures and in petroleum production have been more than offset by <br />the solid advances shown by bank debits, manufacturing employ- <br />ment. man-hours worked in manufacturing, and railroad freight <br />cars handled, Department store sales have been erratic but the <br />')Ver-all trenrl has been upward, During the first quarter of 1961 <br />personal income in Southern California was up 5.4 percent above <br />that of 1960, almost double the 2,9 percent increase registered bv <br />the nation as a whole. . <br /> <br />~ <br />