Coin Machine Review (& Pacific ...)

for storekeepers, predicts for the secon d
half that a general price decline or sharp
drop in sales is not to be expected. Reta il
stores will ride on the upward spiral of
business, the paper suggests.
STRIKES- The issues on labor unions
are likely to give way in the next year or
so to a national fight between Big Business
vs. Small Business.
SUR VEYS- Census Bureau will curtail
its program to the tune of $1,000,000 in
next year because of small er fun ds. A num-
ber of industrial surveys will be dropped,
and reports of various kinds curtailed. Con-
gress cut the funds of the Bureau by about
45 per cent. Th e candy trade, through its
tra de association, cooperate with the Bureau
in monthly reports on candy bar output.
Many business organizations have com-
plained to Con gress about cut~in g the fund ~
for business surveys.
How do people feel about buying? T ide
magazine, in a survey, says th6 "mood to
buy" has dropped about 32 per cent since
last Nov.-Dec.
TRAVEL-July 4 period in most areas
broul!;ht good driving weather and traffic
was heavy, fill ing station trade reported.
Business circles say resort areas had normal
trade in June but feared overload in July,
due to plant vacations. An oil industry
leader told a Congressional committee, in
hearings on gasoline supply, that there are
fewer motorists on the highwavs this sum-
mer, but they travel greater distances. H e
estimated motor travel off 5 per cent frem
last summer , based on June observations.
Favorable Trend Noted
reater Cash Box Security
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THE ILLinOIS LOIR lomPlny
808 SOUTH ADA STREET
•
E bonds is at a faster rate than purchases.
A University of Michigan survey provided
food for thought in showinl!; that the top
10 per cent of families had 33 per cent of
total personal income in the U. S. for 1947.
These fi gures will be quoted often in next
year or so. Busin ess proprietors a nd pro·
fessional people are makin g fa stest rate
of gain in personal in come.
POWER-Use of electric power is fol-
lowing same pattern as in 1947, but at a
much higher level. In Jun e the use of elec-
tricity hit a 3-month s high.
PRICES - Many phases of the rjsin g
price trend have hee n touched on in other
para graphs. High prices may become the
ma in issue in the p ~esidential campaign.
P ROFITS- The F ederal Reserve Board
recently predicted th at " busin ess profits
are likely to be larger in 1948 than in
1947." Some finan cial papers said the Board
was bein g conservative in its estimates, as
earnings and profits have held a hi gh level
for the first half.
. RETAIL TRAD E - This fi eld is still
being closely watched te see h ow much
people resent high prices, how much they
can spend and f or what. Store sales for the
year have heen runnin g about 6 per cent
above the same period in 1947. In May, re-
tail sales dropped below the previous month
and did not r each expectations. July sales
are expected to be slightly below last year ,
and the degree of pickup in retail sales in
Au g. and Sept. will be closely -watched
for signs of the future. Some of the popular
types of locations for coin machin es, such
as taverns, eating places, etc., are still on
the declining side; fillin g stations ' had good
seasonal gains and drug stores gained
seasonally; movie houses are on the down-
ward side. Dru g store sales in May dropped
off from April but are ah ead of last year.
R etailing Daily, in its fin e business review
10
CHICAGO 7, ILLINOIS
By CMI Attorney
CHICAGO- In a recent CMI legislative
bulletin, Dudley Ruttenberl!;, attorn ey for
Coin Machin e Industries, In c., called a t-
tention to a favorable trend now showin /!:
up in court decisions in citi es that license
coin machines.
At least two recent court decisions, he
said , show that courts are giving more at-
tention to licensin g ordin ances and requir-
in g that city coun cils and offi cials observe
more strictly th e ri gh ts of citizens to en-
ga/l:e in busin ess.
Th e New J ersey Supreme Court rul ed
invalid a Hoboken ordin ance of 1940 which
provided for the licensin /!: and control of
machin es. An E rie County (N. Y.) Superior
Court also rul ed on a Lackawann a ordi-
nance, in favor of op erators wh o ha d arbi-
trarily been denied licenses under an or-
din ance which permitted administrative
offi cers too much auth ority in deciding who
can get li censes.
Ruttenber g analysed th ese decisions care-
fully in th e bulletin to members, as they
suggest a vital prin cipl e of law, h e said.
H e will f oll ow th e plan of studyin/l: various
decisions and ' the points at issue in them,
so a ttorn eys representin g operators in any
part of the country can get information
on many issues and precedent.
SLOT SPECIALISTS
We Make Your Bell
Machines " Ring!"
GRAHAM
COIN MACHINE SERVICE
203 East Los Feliz Blvd.
Citrus 1-1093
Glendale 5. Calif.
COIN MACHINE REVIEW