Music Trade Review

Issue: 1896 Vol. 23 N. 9

Music Trade Review -- © mbsi.org, arcade-museum.com -- digitized with support from namm.org
IO
THE MUSIC TRADE REVIEW
have been quite busy and have been quite
surprised to see the number of cash sales
we have had.
In regard to free silver, through this
section there seems to be a gold sentiment
and very strong. The collections in our in-
stallment business in the past few months
have been very slow, in fact have fallen off
Rely with confidence upon the ability and intel-
one-half in the last four months, but we
ligence of the people.
suppose that is on account of this being the
F. B. HOLLENBERG, President Hollenberg presidential year, as we remember four
Music Co., Little Rock, Ark.—The pros- years ago our collections were just as hard
Oregon will certainly go for McKinley.
pects for September and October are not as they are at the present time.
flattering; ordinarily our trade from Sep-
WILEY B. ALLEN CO., Portland, Oregon.—
We are in hopes that McKinley will go
Prospects for trade in our line during the tember ist to April ist is quite large; for in flying, and trust if all follow the exam-
months of September and October are not the present season, however, the prospects ple Vermont has set us, we shall be still do-
are not up to the average.
good. Everything is at a standstill.
ing business on the gold basis. We have
I am of the opinion that trade for the always been satisfied with the gold basis,
There is a general upheaval in the piano
trade in our section. Some cash sales are next twelve months or so will be rather fit- but we shall have cause to compain if we
being made to certain ones who have drawn ful and it may be longer before anything should, by mistake, get silver, but we have
their gold out of the bank, fearing a gene- like the steady trade, which our line has to take those things as they come. If we
ral collapse, but there is certainly a great heretofore enjoyed, will prevail.
all do our duty, there is no question but
I am not able to prophesy what is likely that McKinley will be our next President.
lull in the business.
In our State there are arrayed two fac- to happen after the election. In our State
tions; ignorance on one side, favoring free nothing but silver talk "goes," and the few
silver, and intelligence on the other, against of us who believe otherwise are in very The silver craze growing about as a snowfall
free silver. Oregon will certainly go for small minority and can scarcely be noticed
after the sun gets up.
in the crowd.
McKinley.
S. HAMILTON, Pittsburg, Pa.—Hope for
Generally speaking and judging from improved prospects during September and
Yes, sir; there have been more delin-
quents on installment piano paper dur- conversations with dealers in different October. I expect a fitful trade until after
ing the last few months than there has ever parts of the United States, there is probably election—long spells of it.
been in our twenty years' experience, and it more delinquents on piano paper and in all
After election? If McKinley, good; if
seems an utter impossibility for many good, other business of whatever nature during Bryan, bad. The silver craze is growing
honest men, who were formerly in affluent this year than ever before. This is true in this section about as a snowfall after
circumstances, to raise a dollar. No kind with us.
the sun gets up.
of collateral offered will induce any loans
I believe that after a time matters will
Regarding the matter of delinquents on
to be made under the present status of
be righted, but, for the immediate present, piano installment paper, for three years it
affairs, and it has come to the crisis where the prospects in all lines of trade, no matter has been getting worse. Only one opin-
everybody must look out for himself, and in what locality, are not bright to say the ion to offer regarding the political contest:
every tub must stand on its own bottom.
least, and I am of the opinion that it will Silver means repudiation of half your
be a year or so before anything like a good debts; and as a merchant who owes one
healthy volume of business will be done. dollar to every ten owed to him, the outlook
Trade prospects fairly good.
The very fact of so many failures in all would be disastrous if there was the ghost
S. R. LELAND & SON, Worcester, Mass.— lines throughout the country in the last few of a chance for Bryan's election.
The prospects for our trade in September months is indicative of peculiar circum-
and October seem to be fairly good. We stances (no matter from what cause) with
judge of this by our present condition and which the people are now confronted, but Paying more attention to collections than sales.
from what our men bring in while on the I rely with confidence upon the intelligence
JOHN HOYT, Davenport. Iowa.—We do
road. We find very few silver people in and ability of the people at large to right
not expect a large trade either this month
this city, and have no doubt but those matters, but, in the meantime, we have to
or next, as we are paying more attention to
favoring the gold standard are in the ma- endure until it is cured.
collections than sales. We do not expect
jority. We are very glad to say that our
a very satisfactory trade for some time af-
payments on pianos sold on the installment
Look for 25 per cent increase over 05 from Nov. 1 ter the election, for the reason that there is
plan compare favorably with those of seve-
to Jan. 1.
still a large per cent, of last year's crop on
ral years and in fact better than the year
hand, to which add the enormous crop of
JAMES A. GUEST, Burlington, Iowa.—
previous.
this year and no foreign demand, and
The
prospects
for
trade
during
September
We always feel that these political years
prices will remain low and trade necessarily
are bad years for business, and are always and October are not at all satisfactory.
dull. I do not consider the outlook flat-
Trade
until
after
the
presidential
election
glad when political matters are settled, but
tering.
There is a strong sentiment here
of course our band instrument department will be very meagre.
in favor of sound money and we have but
After
McKinley
is
elected
I
look
for
25
is helped for the time being.
per cent increase over 1895 * n trade from few free silver advocates, and they seem to
be growing beautifully less or holding
November 4th to January ist.
Business uncertain until after election.
In my section there is a growing senti- their breath. Collections on installment
ment
in favor of the gold standard. Iowa paper have been the slowest I ever saw
THE LAUTER CO., Newark, N. J. —We
them since July ist. Still I do not think
do not look for much trade during this will go Republican from thirty-five to sixty
we would be in a suffering condition even
month or October, and think that busi- thousand majority.
with the low prices of the present, and a
ness will be fitful and uncertain until after
There have been more delinquents on
national election on our hands; but add
election, and then will be dull for at least piano installment paper during the present
to that the free coinage of silver and repu-
a year.
summer than for several years previous.
diation (or only the fear of it) and we have
My
advice
to
all
those
suffering
from
the
The condition of our installment accounts
a state of affairs that is not pleasant to
is very good and about the* same as in for- free silver lunacy is to go at once to
contemplate. But we hope to do our share
some good doctor and have their heads ex-
mer years.
of snowing Mr. Bryan and his free silver
As this is a large manufacturing town amined.
party under so deep that they will never
In
my
opinion
every
citizen
at
this
time
the sentiment for a gold standard is very
come to the surface again.
advocating sound money is one of the sav-
strong here.
iours of the honor, dignity, and majesty of
the United States of America.
If the gold standard wins, confidence will return.
Collections have been very good.
S. W. RAUDENBUSH & Co., St. Paul,
W. P. VAN WICKLE, Washington Manager
Minn.—Trade is fair with us and we do Better feeling in the trade, generally.
F. G. Smith.—Public schools in Washing-
not anticipate as good trade during this
TAYLOR'S
MUSIC
HOUSE,
Springfield,
ton do not open until the last of September,
month and October as generally, the polit- Mass.—Our trade for the past two months and the people do not get back from their
ical uncertainty being the cause. No mat- has been rather quiet, as July and August vacations until about October ist, so that
ter which way the election goers, trade will are generally very quiet in the piano trade, we do not look for much trade before No-
only be fair for some time to come, as the but we think there is a little better feeling vember, in fact until after the elections,
people have no surplus funds and cannot in the trade generally. We hope to have a then sho'ild McKinlev be elected we look
afford to buy many pianos. If the gold good fall trade, but think it rather doubt- for good business, and if Bryan is success-
standard wins, confidence will begin to re- ful until after election. The past week we full there may be a slump for a time, b u t
President we are fully justified in the faith
of an early improvement in business circles.
I do not teel justified in stating there is a
growing sentiment in favor of that ghost,
free coinage of silver 16 to i. I am satis-
fied that each succeeding day McKinley is
gaining and we earnestly hope to see the
banner of protection and honest money
triumphantly swinging from every flag
pole.
turn and trade will very slowly improve.
We think the "sound money" sentiment
is increasing, though silver will show con-
siderable btrength in the Northwest.
There has been an increase in delinquents
—not a large increase, however.
Music Trade Review -- © mbsi.org, arcade-museum.com -- digitized with support from namm.org
THE MUSIC TRADE REVIEW
the opinion seems to be that things will
round up later on.
Washington is never stirred up very
much on account of any election, we do
not have suffrage here, and since all the
Government Departments are under the
civil service, even the clerks do not take
much interest, and the business houses of
this city are in a measure dependent upon
the Government trade, directly and indi-
rectly, no matter which party is in power,
so they are not much disturbed whichever
way the cat jumps.
We have anticipated the present dull
times, and were fortunate in securing the
agency for the Remington bicycle, and that
has tided us over the dull summer very
satisfactorily, both to ourselves and to our
New York factory.
Our collections have been very good in-
deed, and we have no room for-complaint
on that score, and while cash is more scarce
in the summer with us than in the regular
winter season, still it has been good, and
will be satisfied if it never is worse.
hustling for all the sales we can get.
D. S. ANDRUS & Co., Williamsport, Pa.
—The prospects of trade for this month
and next are not very bright, and there will
be no steady business until after the elec-
tion. Of course we are hustling for all the
sales we can possibly get, but it seems to
be the general verdict of all our salesmen
that "we are working harder than ever
with less results.'' We think that the silver
craze is dying out as the people become ed-
ucated on the money question, and that we
will show up a great majority for McKin-
ley. Collections up to August ist have
been fair, but since that time it seems to be
almost impossible to get any money. Many
of our installment customers are out of em-
ployment and have all they can do to buy
bread, but what are we going to do about
it? Simply wait, that's all.
corn (last year's crop) is worth twelve to
fourteen cents, hay $3.00 per ton, and every-
thing else at correspondingly low prices.
There is a noticeable absence of that confi-
dence in business circles which the business
men of this district have always seemed to
enjoy until lately, and the present depres-
sion is felt by all.
There is in our opinion nothing to make
business good until there is a better market
for what we have to sell.
People on the political question are div-
ided, though we think the majority are in
favor of McKinley and sound money, and
in the event of his election we expect a
general improvement in all lines of trade,
and believe many things which now retard
our progress will fade from our notice un-
der his management of our country.
Collections have been very poor this sea-
son with us from the .fact that we can trace
the money received direct to the hands of
the farmer. If we have sold a merchant
a piano, he in ,turn is carrying the farmer,
and can only pay us as he collects his bills;
this may be said of his clerk, and of all our
customers.
We do not expect much business until af-
ter election, but hope it will improve after
the party question is settled, although, if
Bryan be elected, we are of the opinion that
we will see a period of depression which will
exeeed anything we have ever witnessed.
Gold standard gaining a stronger foothold each
day.
L. GRUNEWALD CO., LTD., New Orleans,
La.—Our prospects for fall trade are poor.
Whilst most business men expect trade to
be active, we cannot see on what they base
their calculations. The recent drought has
almost entirely burnt up what was in the
fields.
This leaves only the sugar planters with
their bounty money to create some business
during this and next month.
There is
very little money in circulation now. Most
people are holding it back, and will do so,
no doubt, until after the presidential elec-
tion has been settled.
We do not believe sentiment is growing
favoring free silver. On the contrary, we
think the gold standard is gaining a
stronger foothold each day.
In regard to collections, we find that they
have been more difficult to make, and many
of our accounts have become delinquent.
We are always doing a little business, be-
cause there are always people who are will-
ing to buy, notwithstanding the scarcity of
cash. Purchases are made on one, two and
three years time.
Prospects for trade better than last year.
C. II. ADDISON, proprietor Standard Mu-
sic Co., Danville, Va. — I think that the
prospects for trade in September and Oc-
Whichever way the election goes trade will tober are better than they were last year.
1 think they are fair at least.
improve.
Do not expect a steady trade without ex-
MCARTHUR & SONS, Knoxville, Tenn.
—The prospects for trade during Septem- tra hustling, but think that it will show
ber and October are not very bright. We good results from hard work.
After the election, what then? Well, if
do not expect any steady trade until after
the election. We have enough confidence they offer us gold for an organ, they
If they offer us silver
in the people to believe that whichever way get the organ.
the election goes we will find that trade im- for a piano they get a piano, so gold or
silver will satisfy us in exchange for our
proves.
We do not think there is any growing goods.
It is hard to answer, but the word "free"
sentiment favoring free silver, but think
if the banks and financial institutions of goes a long ways with some people, and it
our country maintain their pressure, that will take some hard work to make them
change their minds. The "World" has given
Hope the crisis will break up the low installment serious harm may come and the people place to the "Journal" in nearly all the towns
revolt. We ourselves believe in honest
system.
in this section, and that is helping the sil-
money.
STEWART & WISE, Mannington, W. Va.-—
ver cause.
In answer to your questions regarding the
Collections have been about the same as
prospects for the fall trade, will state that the Election of McKinley will insure better feeling last summer, but on the goods that were
in business.
piano trade has been exceedingly dull for the
sold in the early part of this year, I think
last two months. We do not expect it any
FOSTER & WALDO, Minneapolis, Minn.—
collections have been better than on new
better until several months after the elec- Trade will unquestionably be quiet until sales last summer.
tion, and not at all if it goes free silver. The after election. With the election of Mc-
I look for a steady improvement after
free silver sentiment is gradually decreasing Kinley a better feeling will be ushered in election, no matter who is elected, if we
here, we believe, and only prevails among and a slight improvement in business will work hard for it. Hustle is the word.
the ignorant class of people, who cannot take place. This will only be gradual for
comprehend its meaning and the result it some time to come. Collections have been
would produce.
more difficult to make the past few months Expect a large trade immediately after elec=
We have almost quit selling on install- than any time since we have been in busi-
tion.
ment paper until the crisis is over, and ness. The sun will surely shine again, but
T.
J. WASHISURN, St. Joseph, Mo.—While
have more than doubled the payments; we we have got to wait.
our prospects for trade in pianos and
hope this crisis will break up the low in-
organs for the months of September and
stallment system, and put business on a Trade increasing—good fall trade.
October are not as bright as they have
safer basis.
been in times past, yet we expect a steady
THE B. DREHF.R'S SONS CO., Cleveland, O.
—We herewith answer the following ques- though not a large trade, neither do we
Expect a general improvement in all lines of tions, as requested.
expect a large trade immediately after the
trade.
What are the prospects for trade in your election, but if McKinley is elected, we
GEO. T. ELSHAM &Cb., Mason City, Ta.—- line, say during the months of September think trade will gradually if not rapidly
The prospects for trade during September and October? (Ans.) Trade is increasing increase.
and October are indeed very poor, and the every week.
So far as I am able to judge, the number
reasons for our opinion are briefly stated.
Do you expect a steady trade, or will it favoring free silver and the number favor-
This is an agricultural district, and our be fitful until after the presidential elec- ing the gold standard are about equal in
farmers raised a large crop in '95, which tion? (Ans.) Yes, a steady trade.
this part of Missouri, and if any change, it
we all had hopes would, when harvested,
After the election, what then? (Ans.) is a growing sentiment in favor of the
bring a good price. With the opening of Our fall trade is always good.
gold standard.
the markets for our '96 crop, however,
Our collections have not been quite up
In your section, is there a growing sen-
prices seemed to decline, and there has timent favoring free silver, or does the to the standard of the past three years,
been a downward tendency in prices since gold standard maintain the most adherents? have had a few more delinquents on piano
that date, and as a result our farmers are (Ans.) Gold standard and some silver men. installment paper than for the three years
holding a large amount of the '95 crops at
Have there been more delinquents on previous. Hoping for brighter prospects
the present time. We have a fairly good crop piano installment paper during the present in the near future for the entire music
this year, and farmers are offered from eight summer than for several years previous? trade and a most satisfactory degree of
to ten cents for oats at our elevators, while (Ans.) Yes.
prosperity for yourself.

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