Music Trade Review

Issue: 1897 Vol. 24 N. 5

Music Trade Review -- © mbsi.org, arcade-museum.com -- digitized with support from namm.org
THE MUSIC TRADE REVIEW
From a Traveler's Note-Book.
BUSINESS PROSPECTS TRADE SHOULD NOT 1!K FORCED HARD WORK WILL BRING REWARD
BEST MARKET IN THE WORLD SOMETIMES NEGLECTED THE LARGE VERSUS THE
SMALL DEALER SOME CONCLUSIONS MONTHS OF TRAyEL—
TRADE CONDITIONS IN ALBANY AND ONEONTA.
HE prospects for trade are indeed
brightening- all along the line.
During the past ten days I have
seen indisputable proofs that
the storm clouds which have
hovered over the trade horizon
for so many months are fast
being 1 dissipated. It is encouraging from ev-
ery standpoint to note these brightening con-
ditions. However, it is well to move along in
a conservative way. There should be little
attempt to force trade. Good, honest work,
intelligent and persistent work, plenty of it,
will bring commensurate reward, but the mat-
ter of over-booming should be carefully avoid-
ed, now that we are presumably about to
enter upon a few years of seemingly prosper-
ous times.
*
*
*
It was some years ago, after one of my
transcontinental trips, that I called attention
to the fact that some manufacturers pay un-
due attention to far-away trade which does
not bring them the returns which the same
energy and money expended would if placed
in channels nearer home.
There are some manufacturers who will
send their travelling man throughout the far
Western States, working for trade, when they
are leaving undeveloped the best market in
the world—that is, the market of New York,
Pennsylvania, and the New England States.
That territory worked carefully and persist-
ently would bring larger and better returns
than to cover the vast, undeveloped, and thin-
ly settled States of the great West. What need
to traverse Idaho, Montana, the Dakotas,
Kansas, Nebraska, Utah, and others, when
the best market is at our own doors? New
York, with her teeming millions, Pennsyl-
vania with her varied industries, afford a field
for the piano trade which is not found in the
far West.
*
*
*
Again, some manufacturers seem to think
if they can place the agency of their instru-
ments with some of the great houses that it
will pay them, that the prestige of a great
name will assist them to make trade else-
where.
But will it? That is the question. Often-
times these large agents desire enormous con-
cessions of territory, price, and terms which
afford little profit to the manufacturer. The
same territory divided up among a number
of smaller agents, each one of whom pays a
personal attention to his business, and has a
personal following, would amount to many
times the volume of business conducted by
larger dealers.
*
*
*
I do not mean to have the inference drawn
that I am unduly prejudiced toward larger
dealers. I am not, but there are hundreds,
yes thousands, of smaller dealers, some may
term them " country dealers," who sell a vast
number of pianos a year, and, as a rule, are
THE
intensely loyal to the instruments which they
sell. They do not carry an endless variety
of different makes, therefore they are in a bet-
ter condition to give personal attention to
this and that manufacturer. While it is too
often the case with some of our larger dealers
that have secured the agency for a certain
piano, and perhaps the first shipment of in-
struments will remain for months and months
unsold in their warerooms. Sometimes they
secure an agency simply to keep it out of
the hands of their competitors; in the mean-
while they do not carry out the work for the
different instruments which they represent in
a manner that is satisfactory to the manu-
facturer. There are usually one or two makes
which have a decided preference, and the oth-
ers are allowed to go without proper work in
their behalf.
I do not mean this in a broad or sweeping
sense, yet I have seen and noted these facts
in my constant travels among the trade.
Then again, there is the old and oft-quoted
saying about having too many eggs depos-
ited in one basket. It frequently pays better
to have several receptacles in which to de-
posit them, then, if an accident occurs, the
breakage is less demoralizing.
*
*
*
I have before me some months of travel,
covering the principal points in America as
far north as St. Paul and Minneapolis, and as
far south as New Orleans. I shall be inter-
ested to note changes which have taken place
in the trade, and the present conditions as I
find them along my lines of travel, as com-
pared with my last year's trip.
*
*
*
The cold wave seems epidemic, and, as I
scan the weather bulletins, I note that the in-
telligence conveyed there is not of such a
character as to cause a man of nomadic life
to replace heavy clothing by that of lighter
texture. At Albany trade may be character-
ized as fair. Boardman & Gray continue
along in the even tenor of their way. The
brothers Gray take pride in building good
pianos, in the manufacture of which every-
thing which savors of the cheap is carefully
avoided. The " B. & G." pianos have not
only stood the test of time, but the strongest
criticism as well. Some of their styles in oak,
Circassian walnut, and birch are particularly
striking. While in the Boardman & Gray
warerooms, I met George H. Zincke. Mr.
Zincke is a salesman and a traveller of nation-
al repute who is now doing efficient work for
the Boardman & Gray piano.
Mr. McKinney, who controls the destiny of
the Marshall & Wendell piano, takes rather
an optimistic view of the business situation,
and believes that we are now entering upon
a few years, at least, of prosperous times. The
Marshall & Wendell Co. will shortly issue a
new catalogue.
Alfred Shindler, who is the general travel-
ler for the company, will leave in about a
week on an extended trip West and South, re-
turning about May ist. Young Shindler is
a tireless worker, thoroughly systematic, pre-
cise in his business affairs, and, I may add, is
constantly forging to the front in a commend-
able way.
The retail trade is looking up materially.
Albany has not a plethora of music stores.
Aside from the two manufacturers, there are
the Cluetts, Thomas, Tietz, Curtis, who was
formerly at Schenectady, and the Capital City
Music Store. Surely not too many stores for
a city of a hundred thousand, with a well pop-
ulated territory adjoining. At Cluetts' there
may be found the Steinway, Chickering, and
Weber pianos, and for a long time the firm
have had the agency for these three great
makes. In December their sales of Steinway
grands were surprisingly large. While I was
visiting the warerooms another sale was ef-
fected. Notwithstanding the zero weather,
the Steinway grands are in demand. The
^Lolian occupies a prominent place in the
Cluett warerooms. Frank VV. Thomas, too,
has a line of the old standbys—Knabe, Steck;
Sohmer, Emerson—form a solid phalanx, and
Thomas has them. " An excellent December
trade," said Mr. Allen of Thomases. " The
best in the history of the house."
The Capital City Music Co., of which C. H.
Van Wie is the proprietor, are doing an ex-
cellent trade in Mehlins. " Our best musi-
cians like the Mehlin," said Mr. Van Wie.
" It seems to meet all requirements and sat-
isfies amply the most exacting demands made
upon it." The Capital City Music Co. have
recently secured the agency for the Kroeger
piano.
*
*
*
At Oneonta I enjoyed a pleasant sojourn
with Messrs. Baird and Shelland, of McCam-
mon fame.
I want to say right here that the new scale
McCammon pianos are coming through fine-
ly. They are musical instruments of un-
doubted merit, and their excellence must ma-
terially augment the fame of McCammon—•
a name which is old in the annals of the mu-
sic trade. The star of McCammon blazes the
way to musical progress.
A howling snow-storm at Binghamton, the
home of Jones, who pays the freight, and I
did not find Barrett Bros. in.
Apropos of the cold wave. I was tarrying
at a small station at one of the innumerable
junctions which distress the traveller in cen-
tral New York. The door opened, and in
came an individual whose appearance sa-
vored of the antique. His whiskers were
frost-bound, and, after extracting a few icicles
from his hair, he said, in clarion tones, which
made the little building echo and re-echo:
" By cripes, this weather makes a feller hump
like a burnt boot." The expression struck me
as singularly odd, but I thought no more about
it and returned to my paper, when I had the
cold remains of the Seeley dinner served up
to me. My attention was diverted from the
nauseating menu by a peculiar odor which
savored not of ottar of roses. Glancing to-
ward the agriculturist who, in his careless
abandon had extended his pedal extremities
toward the red-hot stove, I saw that, un-
known to him, his boot was burning. I then
Music Trade Review -- © mbsi.org, arcade-museum.com -- digitized with support from namm.org
THE MUSIC TRADE REVIEW
realized, when I saw the boot bend upward,
the appropriateness of his remark when he en-
tered. How that boot did hump!
I learn that there was a big fire in Syracuse
last night, and that the piano stock of Leiter
Bros, and W. W. Kimball Co. was completely
destroyed. I will send particulars later.
The " Everett" Piano in New York.
The superbly handsome new Everett build-
ing is rapidly approaching completion, and it
is probable that before our next issue a fine
consignment of the Everett instruments will
be safely ensconced within the precincts of
the new Everett home on Fifth Avenue.
Jt is not always wise to prognosticate, but,
if best wishes go for anything, the John
Church Co.'s metropolitan departure is al-
ready an assured success.
We will not dilate on the magnificent repu-
tation of the Cincinnati house; the officers are
so well known to the trade that eulogy seems
almost out of place.
Suffice it to say that President Frank Lee
is undeniably one of the very foremost men
in the American music trade, and has given
added proof of his perspicuity by placing A.
M. Wright in full charge of the Eastern
branch.
Knowing Mr. Wright as we do, we are
fully aware that personal reference is not only
undesired, but distasteful. We, nevertheless,
are of the opinion that in engaging his ser-
vices as manager, the John Church Company
have secured a gentleman of spotless reputa-
tion, of magnificent energy, possessing all the
qualifications essential to the proper conduct-
ing of large business interests—a man who
will not only think but work, and who can
safely be relied upon to steer the ship of state
into safe waters.
Duty on Pianos Should be Cut Down.
W.
H. JOHNSON SPEAKS FOR THE DEALERS
GRAND PIANO TRADE INJURED /EOLIANS
AT TWENTY PER CENT TARIFF.
The commission appointed by the Canadi-
an Government to inquire into the work-
ing of the tariff laws in that country, with the
object of reducing present duties, held a .ses-
sion in Halifax, N. S., last Saturday. Among
those who appeared before the commissioners
was W. H. Johnson, of the W. H. Johnson
piano company, who spoke on behalf of the
piano dealers of the country. He said that the
average Canadian piano compares favorably
with any other. Fie thought the tariff should
be dealt with cautiously, and, while a believer
in a moderate amount of protection, he was
not in favor of prohibition. The duty on
" actions " should be reduced, and at the same
time the duty on pianos should be cut down,
as it was high in proportion. Imported grand
pianos have been almost driven from the mar-
ket, while as yet Canadian firms have hardly
attempted their manufacture. He asked that
the duty on /Eolians, which the commission-
ers seemed to know little about, should be ad-
mitted at a 20 per cent, tariff.
PERTINENT COMMENTS
UPON TIMELY TOPICS OF GENERAL IN-
TEREST TO THE TRADE BY WRITERS IN
OUR EXCHANGES.
MODERN BUSINESS METHODS—Points Worth Con-
sidering.
To successfully conduct any business vent-
ure is daily becoming more a work of the head
and less of the hands. By this we mean that
the one who is in charge of an enterprise, of
even moderate proportions, can usually de-
vote his time to better advantage by a careful
scrutiny of his business methods and a fre-
quent revision of the same than by taking a
too active a part in the mechanical work, or
what might be called the mere details. That
man is to be pined who does not deem it nec-
essary to spend a portion of his time in search-
ing out the why and the wherefore of other
men's successes and failures. Yet there are a
number of men in every line of work who re-
fuse to put such assignments on their daily
programme.
May it not be attributed to this that there
are so many cases where a business is con-
ducted successfully for a few years and then a
retrogression sets in which ultimately results
in failure? Perhaps clerks or employees leave
a position, having saved a few hundred dollars,
and in ten or fifteen years own a stock, store,
building, or perchance a factory. Then follow
a few years of apparent prosperity, culminat-
ing in sudden collapse. Was it owing to too
much conservatism or a contrary course? asks
" Facts." Undoubtedly, in many cases, the
error is directly traceable to a lack of keeping
in sympathy with the trade in general and in
touch with the new methods. In other words,
the manufacturer or merchant gets an idea
that he knows everything worth knowing in
regard to the industry in which he is engaged.
He looks with derision upon innovations and
with suspicion upon those who inaugurate
them. Quite likely he reaches a point where
he says to himself that he knows more than
the writers in the trade press, and conse-
quently has no use for such journals. Prog-
ress goes on, however, and does so in spite of
the fact that he shuts his eyes and ears to it.
That is why younger and more progressive
firms are constantly displacing older ones.
At the same time it is gratifying to know that
ther are many striking illustrations where
there is continued development in the proper
direction, until it is truly amazing to learn
how much valuable information the house has
acquired in the rigid school of business ex-
perience, and what an enviable and strong
position it is enabled to hold in consequence
thereof.
EXPANSION OF CREDITS-What they Result in.
Ask any business man as to the cause of
panics and he will, in nine cases out of ten,
promptly respond that it is due to the loss of
confidence. While this may be the last visible
link broken in the chain of business, it is not
the prime cause by a long way. The real
trouble lies in the immense expansion of cred-
its, and if such were not the case lack of con-
fidence would not create a panic.
The immense extent of credits given by the
business men of this country is partially
shown by the amount of bank loans and dis-
counts, which at any particular time in this
country is nearly three billion dollars. This
means that there is that much expansion of
credits over and above the actual capital in-
vested in business. Is it any wonder that
when times are such as to cause a lack of con-
fidence that a panic should result? When
there are so many doing business upon bor-
rowed money instead of money of their own,
and when their margins of assets above lia-
bilities are so small, any decline in prices or
losses by bad debts takes away all their mar-
gin of profits and leaves them really in an in-
solvent condition.
It is easy to state that all that is necessary
to prevent panics is to prevent a loss of con-
fidence. But how to prevent a loss of confi-
dence when the business men of the country
know that a large share of the business done
is purely on borrowed capital is not an easy
thing to do. The experience of '93 and of the
past year shows that if one creditor begins
to press another, and the pressure is continued
around the circle, there may be a whole chain
of failures on account of inability to pay upon
demand. This is what causes a general pros-
tration of business.
The great expansion of credits causes an
extreme sensitiveness in business conditions,
which is quickly affected by adverse reports
on crops, or by an importation or exportation
of a few million of dollars in gold or by news
of a war scare. Any of these things is suffi-
cient to put business into a state of perturba-
tion.
How different things would be if the business
of the country was really transacted on a credit
proportioned to the actual capital involved,
says the Dry Goods " Reporter." Then there
would be no particular danger from loss of
confidence, for every dealer would feel com-
paratively sure that he would be able to meet
the demands made upon him. The man with
a hundred dollar capital who is doing a mill-
ion dollar business is the one who is always
afraid of this loss of confidence. The man
with an abundance of capital for the amount
of business he is doing need not worry about
such a condition of things, for he is conducting
his business on a stable basis. Just so long as
the business men of this country expand their
credits so enormously, just so long will there
come these periodical panics. The history of
the past shows this to be the case, and experi-
ence also shows with every revival of good
times there is a still greater increase in the
expansion of credits, so that the day of reck-
oning must come the sooner.
There is no legislation that we know of
which can affect the real condition of things,
but it must rest with the business men of the
country themselves whether they shall con-
duct business on a stable basis or on one of
expansion, with the consequent loss of con-
fidence and its resultant panic.
AVERAGES TO BUSINESS—Application of the Law.
The average man comes to business about
the same time every morning, pursues the
same routine during the day, and finishes his
work at the same hour. The causes which last
year actuated him to put forth greater effort
during the busy season are most likely present

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