Coin Machine Review (& Pacific ...)
Issue: 1947 September - Page 9
SEPTEMBER 1947
OFFICE OF PUBLICATION: 1115 Venice Blvd., Los Angeles 15, Calif. Paul W. Blackford, Editor and
Publisher: Walter W. Hurd, Executive Editor; Clarence G . Beardslee, Advertising Manager: Louis
Karnofsky, Associate Editor. FItzroy 8269. CHICAGO OFFICE 11 I : C. J . Ande rson , 35 East Wacker
Drive, CENtral 1112; NEW YORK OFFICE 1171 : Ralph P. Mulligan, 441 Lexington Avenue, Murray
Hili 2·558'. SUBSCRIPTION RATES: $3. 00 for 2 years-mlnlmum term accepted: 50c per copy.
BUSINESS REVIEW.
. • •
e.
The hot summer season is usually a tran-
sition period during which the country gets
set for increased activity after Labor Day.
This is what happens in a normal year and
there were many signs of a return to normal
during the summer of 1947.
Business reports of most of th e large cor·
porations for the first six months of 1947,
were available for study during the summer
and for suggestions as to probable trends
during the second half of the year., Among
these financial reports are those of anum·
ber of la rge suppliers of merchandise to th e
vending trade.
The number of corpora tions now consid-
ered directly a part of th e coi n machine in·
dustry is increasing fast, and the stocks of
some of these appear regularly on th e stock
market pages. The quarterly, semi-annual
and annual reports of these firm s is now a
rart of the trade news.
Automa tic Canteen Co. had an annual re-
port out during the summe r. American
Vendi ng Corp. registered 145,000 com mon
sha res with SEC and its reports will always
be interestin g. Aireon an d Wurlitzer ar e
two well·known firms in th e music field
whose reports appear at intervals in th e
financial papers. A subsidiary of Blair &
Co. has purchased T. &
Co. a nd now pop·
corn vendors will be represented in finan -
cial ,circles. Wrigley has a subsidiary that
operates vend in g machines; Ex-Cell- O is
now definitely in the vending machine field.
Coca-Cola h as long been inqluded in the
ra nks and other soft drink firms are bein g
added. Although General Electric, Bendix
a nd W estinghou se make machines for
others, the trade has pretty generally come
to consider them as member firms in the
industr y.
So, the slock market pages a nd financial
reports will come to mean more and more
to th e Industry. It may as well be added
here that all of the semi-an nual reports of
c.
( See B USI NESS R EVI E W , Page 16)
Call
PR. 7351
For Automatic Equipment,
Parts and Supplies
PAUL A; LAYMON
DISTRIBUTOR
1429·31 and 1503 W. Pica
Excise Taxes To Gel Major
Consideration 011948 Congr~ss
WASHINGTON-When Congress adjourned without passing an income
tax law over the presidential veto, the tax spotlight immediately shifted to
plans under way for new tax proposals when Congress comes together again
next January. Political signs point to a battle over the question of shifting the
emphasis to excises rather than income taxes for federal revenue.
The two income tax proposals which passed Congress but fail ed to get
presidential approval were considered chiefly as a football in maneuvering
between the two major parties for advantages in the 1948 national elections.
All tax bills that come before the next session of Congress will have even
greater political pressure applied to them, but the point of political pressure
will be different. Political observers said the rate changes proposed in the two
bill s lost this year were meant to get campaign contributions, but income tax
.
changes proposed next year will be aimed at getting votes.
Since the votes rest with the masses of wage earnel'S and small salaried
people, the tax bills next year will promise greater relief to the low income
groups. If government needs will permit, some real in come tax reductions
may be expected next year.
Idah,o Bell Licensing
Reveals Odd Ownerships
POCATELLO, Idaho - There is a wide
lield in th e ownership of bell machines in
Ban nock County, it was di sclosed by a sur-
vey of the situation ma de a t mid-July.
In Pocatello , the county sea t, th ere are
2.38 machines owned or operated by 62 dif-
ferent individuals who have applied for th e
$600 licenses.
Most of the operators have more th a n one
machine, but the average is about four-
there being one nickel, one dime, one
quarter and either one dollar machine or a n
extra nickel or dime machine.
One operator, Da nny Pullos, who operates
th e Green & White Ca b Co., and two beer
radors, h as 12 machines under his name,
while a noth er, Frank Mayes, o pera tor of th e
Solo Cigar Store, has 10 machines. Two oth-
ers have eight machines licensed to them;
th ey are George Thompson a nd George Ca-
. cavas.
In Idaho Falls, 60 miles farther up th e
S nake River, the situ ation is much th e same
with 137 machines being licensed. A check
of the small er towns in each county as well
as others in the Snake River Valley .shows
that each individual village is operating its
own licensing system under the sta te law,
a nd th e li cense varies accordin g to th e ordi-
/lance of each community.
* * *
Definition of a honeymoon: A brief inter-
val of nuptial ecstasy ' that lies between the
preacher's pronouncement and the morning
paper propped up at the breakfast table.
But the outlook a t present is that federal
reven ue needs cannot be cu t too much. So,
to cut income taxes at length will require
other sources to keep th e f ederal revenue
a t a high level. That is why excise taxes
are being mentioned as a source which
will fill up most of the gap left b y lowering
income taxes.
Political winds will also favor excise
t.axes next year because they can be col-
lected as a manufacturers' excise a nd he nce
hecome indirect taxes to the consumer. It
is taken for granted tha t the mass of voters
will prefer a hidden tax to th e present high
income tax rate.
In a report on one of the tax bills that
came before Congress this year, one ty pe
of coin machine was ment ioned, so it can
be t aken for granted that coin machines
will be mentioned more than once when
bills come up next year. The House Ways
REPAIRS
PARTS
REFINISHING
SLOT MACHINES AND VEST POCKET
CASTINGS FOR SALE
G. B. SAM
541 E. 32nd Str.et. Los Angeles 11, Cal.
ADams 7688
COIN
MACHINI
IE".
9
Foa
SEPTEM8f.R
"..,
OFFICE OF PUBLICATION: 1115 Venice Blvd., Los Angeles 15, Calif. Paul W. Blackford, Editor and
Publisher: Walter W. Hurd, Executive Editor; Clarence G . Beardslee, Advertising Manager: Louis
Karnofsky, Associate Editor. FItzroy 8269. CHICAGO OFFICE 11 I : C. J . Ande rson , 35 East Wacker
Drive, CENtral 1112; NEW YORK OFFICE 1171 : Ralph P. Mulligan, 441 Lexington Avenue, Murray
Hili 2·558'. SUBSCRIPTION RATES: $3. 00 for 2 years-mlnlmum term accepted: 50c per copy.
BUSINESS REVIEW.
. • •
e.
The hot summer season is usually a tran-
sition period during which the country gets
set for increased activity after Labor Day.
This is what happens in a normal year and
there were many signs of a return to normal
during the summer of 1947.
Business reports of most of th e large cor·
porations for the first six months of 1947,
were available for study during the summer
and for suggestions as to probable trends
during the second half of the year., Among
these financial reports are those of anum·
ber of la rge suppliers of merchandise to th e
vending trade.
The number of corpora tions now consid-
ered directly a part of th e coi n machine in·
dustry is increasing fast, and the stocks of
some of these appear regularly on th e stock
market pages. The quarterly, semi-annual
and annual reports of these firm s is now a
rart of the trade news.
Automa tic Canteen Co. had an annual re-
port out during the summe r. American
Vendi ng Corp. registered 145,000 com mon
sha res with SEC and its reports will always
be interestin g. Aireon an d Wurlitzer ar e
two well·known firms in th e music field
whose reports appear at intervals in th e
financial papers. A subsidiary of Blair &
Co. has purchased T. &
Co. a nd now pop·
corn vendors will be represented in finan -
cial ,circles. Wrigley has a subsidiary that
operates vend in g machines; Ex-Cell- O is
now definitely in the vending machine field.
Coca-Cola h as long been inqluded in the
ra nks and other soft drink firms are bein g
added. Although General Electric, Bendix
a nd W estinghou se make machines for
others, the trade has pretty generally come
to consider them as member firms in the
industr y.
So, the slock market pages a nd financial
reports will come to mean more and more
to th e Industry. It may as well be added
here that all of the semi-an nual reports of
c.
( See B USI NESS R EVI E W , Page 16)
Call
PR. 7351
For Automatic Equipment,
Parts and Supplies
PAUL A; LAYMON
DISTRIBUTOR
1429·31 and 1503 W. Pica
Excise Taxes To Gel Major
Consideration 011948 Congr~ss
WASHINGTON-When Congress adjourned without passing an income
tax law over the presidential veto, the tax spotlight immediately shifted to
plans under way for new tax proposals when Congress comes together again
next January. Political signs point to a battle over the question of shifting the
emphasis to excises rather than income taxes for federal revenue.
The two income tax proposals which passed Congress but fail ed to get
presidential approval were considered chiefly as a football in maneuvering
between the two major parties for advantages in the 1948 national elections.
All tax bills that come before the next session of Congress will have even
greater political pressure applied to them, but the point of political pressure
will be different. Political observers said the rate changes proposed in the two
bill s lost this year were meant to get campaign contributions, but income tax
.
changes proposed next year will be aimed at getting votes.
Since the votes rest with the masses of wage earnel'S and small salaried
people, the tax bills next year will promise greater relief to the low income
groups. If government needs will permit, some real in come tax reductions
may be expected next year.
Idah,o Bell Licensing
Reveals Odd Ownerships
POCATELLO, Idaho - There is a wide
lield in th e ownership of bell machines in
Ban nock County, it was di sclosed by a sur-
vey of the situation ma de a t mid-July.
In Pocatello , the county sea t, th ere are
2.38 machines owned or operated by 62 dif-
ferent individuals who have applied for th e
$600 licenses.
Most of the operators have more th a n one
machine, but the average is about four-
there being one nickel, one dime, one
quarter and either one dollar machine or a n
extra nickel or dime machine.
One operator, Da nny Pullos, who operates
th e Green & White Ca b Co., and two beer
radors, h as 12 machines under his name,
while a noth er, Frank Mayes, o pera tor of th e
Solo Cigar Store, has 10 machines. Two oth-
ers have eight machines licensed to them;
th ey are George Thompson a nd George Ca-
. cavas.
In Idaho Falls, 60 miles farther up th e
S nake River, the situ ation is much th e same
with 137 machines being licensed. A check
of the small er towns in each county as well
as others in the Snake River Valley .shows
that each individual village is operating its
own licensing system under the sta te law,
a nd th e li cense varies accordin g to th e ordi-
/lance of each community.
* * *
Definition of a honeymoon: A brief inter-
val of nuptial ecstasy ' that lies between the
preacher's pronouncement and the morning
paper propped up at the breakfast table.
But the outlook a t present is that federal
reven ue needs cannot be cu t too much. So,
to cut income taxes at length will require
other sources to keep th e f ederal revenue
a t a high level. That is why excise taxes
are being mentioned as a source which
will fill up most of the gap left b y lowering
income taxes.
Political winds will also favor excise
t.axes next year because they can be col-
lected as a manufacturers' excise a nd he nce
hecome indirect taxes to the consumer. It
is taken for granted tha t the mass of voters
will prefer a hidden tax to th e present high
income tax rate.
In a report on one of the tax bills that
came before Congress this year, one ty pe
of coin machine was ment ioned, so it can
be t aken for granted that coin machines
will be mentioned more than once when
bills come up next year. The House Ways
REPAIRS
PARTS
REFINISHING
SLOT MACHINES AND VEST POCKET
CASTINGS FOR SALE
G. B. SAM
541 E. 32nd Str.et. Los Angeles 11, Cal.
ADams 7688
COIN
MACHINI
IE".
9
Foa
SEPTEM8f.R
"..,
Future scanning projects are planned by the International Arcade Museum Library (IAML).