JULY. 1949
For the W rO'''g
Th~.t Nee~ls Resistance _ _ _ For
tlae Cause That Needs Assista.ace _ _ _ For tlae
F •• t •• re in t hp Dist~ .. ace - ~ .. ad the Good 7.'hat
I t Can Do!
PAUL W. BLACKFORD, Editor antI Publish er
WALTE R W . HURD, Executive E d itor
LOUIS KARNOFSKY, Advertising Mallager
CHI CAGO 1
NEW YORK 17
LOS ANGELES 15
35 East Wacker Drive
CENtral 1-1112
1115 Veni ce Boulevard
FItzroy 8269- FItzroy 7114
441 Lexington Avenue
Murray Hill 2-5589
Oklahoma Enacls Two New Sioluies
BUSINESS REVIEW ... Clarifies Situation With License,
Definition Of Amusement Devices
Half of th e year will be gone by the
time th is issue reach es our r ea ders. Th ere
will be a lot of gu essing about what the
second half may bring, based on the course
of busi ness in th e past six months. Th e
July is ue is th e sixteenth Anniversary
Number of THE REVlEW and in its sixteen
years this publication has traveled along
wi th th e Industry in the ups and down s
that com e and go.
Operators of coin machin es will r ecall
th at mass vacation were a big item in
th e business pi cture last July and Aug-
ust, and most busin ess papers are suggest-
ing that fa ctori es may take longer vacation
periods thi s year. It will be one of th e
items that inAu enre busin ess in the months
ahead.
Amon g th e experts, there is agreement
now that " th e recession" is here. Th e em-
phasis has shifted now to gu es ing how lon g
the decline will last and when bottom will
be reached.
One of the mo t reliabl e observers of
busin ess conditions suggests that the third
quarter will continue the declin e, probably
a little fa ter on th e decline. Bottom should
be reac hed by December a nd then a grad-
ual recovery of business to set in during
th e fir st half of 1950. That is one expert's
guess and it is as good as any.
Opera tors normall y expect a slowin g of
busine s in th e July-September period, so
th e pred iction will not come as a surprise
to them. The Memorial Day period did not
Call
PR. 7351
For Coin.operated Equipment,
Parts and Supplies
A. Laymon, Inc.
DISTRIBUTOR
OKLAHOMA CITY- On July 1 the State of Oklahoma began licensing
coin-operated amu ement and music devices under a new law which was
passed and approved as House Bill No . 199. Approval by the Governor came
on May 7 and effective date for beginning of the new license system was set as
July 1. House Bill o. 207 was passed by the Legislature and given executive
approval on May 14, so the coin machine trade in the state now operates
under two new statutes.
Operators of games that are licensable under the law are reported to be
happy in the new situation , for Oklahoma had been known for many years as
unfavorable to amu sement games generally. A 1939 statute had been inter-
preted by the hi gher courts to ban practioally all types of pin ball games,
and the Oklahoma Coin Machine Assn. had sought for some years to get more
favorable consideration.
During the legislative session this year, the bills that became law were
endorsed by the association and its board of directors passed a resolution
which urged all operator in the state to comply with the new law " both in the
spirit and to the letter." The association had worked long and hard to con-
vince state official s and legislators of the legality of their machines, and the
start summer travel off with th e ban g that
had been h oped for , and resort areas re-
port early business at a lower level th an
last year.
Th e decline in th e second qu arter of thi s
year came sooner than th e experts had
gue ed. The reason seems to be th a t busi-
ness firm s are cuttin g down on plant expan-
sion and there is a slackenin g in constru c-
tion in general. Hence, the key to how
much of a decline th ere will be depends
mostly on what business firms do in spend-
in g for future business and expansion.
( See B USI NESS R EVI EW, P age 12)
Th e r esolution was se nt to various offi-
cials over the tate also and has had ex-
cellent results in prom otin g a more fa-
vorable official attitude toward th e trade
a nd Oklahoma operators. Th e state or-
ganization had th e full cooperation of Coin
Ma chin e Institute and th e nation al or gani-
REPAIRS and PARTS
Buy and Sell Slots
The Review Calendar ...
J uly I
July 3
Jul y 4
•
OVER 20 YEARS IN
SERVICING SLOTS
IMPORTANT DATES
- u. S. Fiscal Tax Yea r Begins .
-Independe nce Sund ay.
-I nd epende nce Day.
CONVENTIONS
July 26-28-National Assn. of Music
Merc hants
(R etail). ann ual conven tion and exhi bit,
Ma nhattan C e nte r Exhi b it Ha ll , New
York .
JULY, 1949
passage of th e r esolution is said to have
had mu ch to do in convincing. the Legisla-
ture that th e new laws should be passed.
G. B. SAM
541 E. 32nd Street, Los Angele. 11 , Cal.
ADam. 7688
7