Coin Machine Review (& Pacific ...)

Edible Oils-These ingredients are listed
generally in the group of items on which
prices are rising. During a three·month
period, price increases on corn, soyhean,
cocoanut and peanut oils have heen spectac-
ular. Higher prices cut demand and the
most recent reports availahle suggest slow
trading and some easing in prices; future
orders are still holding high through July.
But new crops are expected to bring price
reductions as the season advances.
Eggs-Official report predicts egg supply
will drop during tbe second half of the
year, hut cold storage reserves are said to
be high. Current price reports are slightly
above a month ago. Government began price
support of eggs in May, after prices started
downward in mid·April; parity support will
be higher than last year during the third
quarter. Government report shows produc·
tion of dried, liquid and frozen eggs for
April wa much below the same month last
year, indicating a downward trend in pro·
cessing eggs.
Flavors - The soft drink, candy, ice
cream and cookie industries took special
interest in the national convention of the
Flavoring Extract Manufacturers Assn.
which met recently in
ew York. Trade
leaders sa id most flavor oils are in good
supply and that prices are favorable. Spear-
mint oil was mentioned as possibly in ti ght
supply until new crop comes on. Speeches
by trade leaders related chiefly to sugar,
vanilla, new markets and the progress in
synthetics. Scientists were prominent in the
meeting and they suggest that synthetics
can be made to imitate practically any
flavor. Development of synthetics is based
on the fact that all natural products have
their own wave vibrations that affect one
or more of the senses, such as taste, smell,
etc. These natural vibrations can be calcu-
lated and then the scientist finds chemicals
that produce the same vibrations; th en
human noses, taste buds, etc., get the im-
pression the synthetic is th e real stuff. When
some particular flavor becomes scarce, syn-
thetics come to the re cue.
Demand for flavors i slowing up and
chief reason is over-supply of soap and slow
sales of perfumes. Soft drink and ice cream
makers have stocked up for the season.
Flavor trade thinks price trend may begin
to level off soon.
Honey- Government report says demand
for honey is still slow, although a slight
increase ha taken place. Outlook for new
honey crop was reported favorable; a lot
of the 1947 crop is still unsold.
Milk-The ice cream trade is continuing
its campaign to increase the total number
of dairy cow, warning that future milk
supply may be tragically low. Favorable
crop outlook up to the present is an en-
couragement to milk supply, but the long-
term outlook for the year suggests declining
production.
Government report on production of pro-
cessed milk for April shows gains for mo t
types of the product; outlook of dry whole
milk was up but output of nonfat dry milk
and dry buttermilk was below the 1947
mark.
Mint Oils- Spearmint oil has been much
in the trade news, with the recent floods in
Oregon probably damaging the new crop;
estimate on total damage not available for
this review. Demand for peppermint has
been heavy for the past year and prices
hold teady, although buyers think th ey are
too high. Spearmint oil is said to be in
tight suppl y, as mentioned under flavors,
but new crop reports are favorable. Spear-
mint price is still about twice the 1939 level.
Nuts-Spot market reports are almost
mi sing from the trad e papers, and markets
are thus regarded as very quiet. Reports on
JULY, 1948
new crop outlook are not yet sufficiently
important to influence trends. Even the
peanut markets are reported as slo w.
Raisins-Reports relate chiefly to gov-
ernment purchases for overseas shipment.
Soybeans-Makers of ice cream mixes
are worried about prospect that total acre-
ae:e being planted this year is below last
year. Farmers ca n make more on higher-
priced corn. Soybean prices fluctuate con-
siderably, but most recent trend is upward
on beans and also on soybean products.
Sugar-Deliveries in 1948 have been
holding about even with 1947. Reliable
reports have recently suggested that sugar
prices may show some advances later in the
year, for a sharp decline in th e 1949 crop
in Cuba is expected. Production from the
last crop passed the mark set by the previ-
ous crop, and total is about twice the pre-
war average crop.
Price trends in sugar have been down-
ward, with a 20 per cent decline in the past
five months. The Dept. of Agriculture re-
cently announced a reduced national quota
in sugar. Present situation is one of a
world surplus of sugar, with pressure to
lower prices still more, but against this
situation is the prospect of a smaller Cuban
crop next year and al 0 the political situa-
tion in Cuba.
Cuba has a new president bilt probable
effects on the future sugar market are not
yet known. Cuba has compelled growers to
maintain wages at 1947 levels, although
sugar prices have dropped since that time.
The Cuban political situation may be a
bombshell sin ce it reflects an old, old story
of exploitin g cheap labor. A sidelight is
seen in regulation to take effect Jan. 1,
1949, when sugar bags are limited to 200
Ibs. or less. This is a government stab at
growers who have for years made under-
paid workers lift heavy bags of 350 lbs.
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2323 Wolfram Street
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