Automatic Age

115
T h e A u t o m a t ic A ge
ing gum, to handkerchiefs, sandwiches, pies
and stamps.
A number of favorable contracts are
held by the General Vending Corporation
including one extending to August 15,
1937, with the W m . Wrigley, Jr., Co., mak­
ing the company the authorized distributor
in the United States of Wrigley’s chewing
gums for penny vending machines, except
in certain localities covered by old con­
tracts. In addition the company has con­
tracts for the placing of its scales and/or
vending machines in a number of chain
store systems among which are Woolworth,
Liggetts, United Cigar Stoes, Union News,
J* C. Penney, Montgomery Ward, Photo-
niaton,Inc., McCrory, Grant, Metropolitan,
Owl, Walgreen and others.
The consolidated balance sheet as of
December 31, 1929, showed total current
assets of $377,975, including cash $160,462,
trade accounts receivable $122,731, and in­
ventories $51,238, against total current
liabilities of $140,267, excluding $2,135,050
due to all affiliated companies. Weighing
niachines, gum and life saver machines,
tools. equipment, furniture, etc., were car-
lled at $6,060,555 after allowing for
depreciation charges.
Intangible assets
were given a value of $3,452,619, and un-
amort zed bond discount and deferred
charges amounted to $623,270. Total assets
at the end of the year were $10,564,432.
At December 31, 1929, the company had
outstanding $3,537,000 of 6 per cent ten-
year secured bond, $3,300,000 of $100 par
value
8 per cent cumulative preferred
stock, and 365,620 shares of no par value
c°mmon stock carried at $398,293. Surplus
was carried at $699,876 after deducting the
°tal operating deficit of $952,163.
The
suiplus figure arose from the revaluation
°
weighing machines and intangibles,
'vidends were paid regularly on the pre­
erred stock to October 1, 1927, but from
a date on no further payments were
niade. Nothing has been paid to date on
e c°nimon stock. The bonds are secured
y the pledge of capital stocks and funded
e t of the subsidiaries.
Cigarettes are smoked by 24,000,000
people irl this country. Once the cigarette
was considered effeminate.
Now it is
essential in the equipment of a movie or
theater hero.
Publishers will note that cigarette pros­
perity is based on aggressive advertising,
with the popular brands, in alphabetical
order, Camels, Chesterfields, Luckies and
Old Gold, spending each many millions a
year.
Grocery Store Fountain
A soda fountain in a grocery store is
being tried out by the Great Atlantic and
Pacific Tea Co. in one of its Philadelphia
stores.
It may be the beginning of an
entirely new kind of grocery.
And it may not be so very long until
we see grocery stores making provision for
the still more advanced idea of automatic
selling. Things happen fast in these modem
times . Automatic selling will not revolu­
tionize the world, but it may be made to
fit into modern stores in many places with
efficiency in service.
“ Clorine,” said Clorine’s mistress, “ I ’ve
heard about your hard luck, and I ’m
terribly sorry.”
“ ’Deed, ma’am, Ah ain’t had no hahd
luck.”
“ Why— wasn’t your husband killed in a
railroad accident yesterday?”
“ Oh, yes, ma’am— but dat’s his hahd luck
— not mine.”
— Literary Digeest.
Basket
Ball
New
Just Out.
Write
for
Circulars
Cigarettes
ne industry, cigarettes, during 1930 will
greater profit than in any year in
is ory, sales increasing, profits 40 cents a
°usand greater than last year.
© International Arcade Museum
Universal Vending Machine
Manufacturing Company
W ELLS, MINNESOTA
http://www.arcade-museum.com/