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THE MUSIC TRADE REVIEW
ous ones in the general round-up. In the
meanwhile it might be well for piano manu-
facturers to augment their stock of com-
pleted goods, in order to be in readiness to
supply the demand that is bound to come
to them.
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In view of our unequivocal stand, so
clearly set forth in last week's Review,
anent the ludicrous contretemps which oc-
curred in connection with the claims of
certain editors to admission to a private
session of the Piano Manufacturers' Associa-
tion at their recent meeting, we are sur-
prised that any of our contemporaries in
the West should misinterpret or confuse
our position by speaking in a collective
sense of the course taken by certain mem-
bers of the trade press. We decidedly
demur to being placed on record directly
or indirectly as among the '• soreheads "in
this matter. We believe in maintaining our
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rights as journalists; also in respecting, as
The number and variety of piano styles
a gentleman should, the wishes of a host.
to be placed before the trade the coming
f #
fall by manufacturers should certainly
The
movement
inaugurated by the Mer-
satisfy the most critical of piano dealers.
The increasing demand for improved case chants'Association of this city for the pur-
structure and the special attention given pose of advancing New York's commer-
to this matter by manufacturers during the cial interests is proving a grand success.
past twelvemonths is bearing splendid re- Through the medium of special railroad
sults. Never before perhaps in the history of rates a vast number of merchants have jour-
the industry has such activity been display- neyed to the Metropolis from all sections
ed in this special field. Manufacturers of of the country within the past few weeks,
medium as well as high grade pianos have many of them for the first time, while orders
taken unusual pains and no little expense amounting in value to millions of dollars
to not only inaugurate novelties in archi- have been placed through the efforts of the
tecture, but the general finish of the fall Association.
This demonstrates what can be accom-
styles, at least those we have examined, is
plished
by a union of business men who work
decidedly above the average.
This is the age when piano dealers and for a common purpose. It even points the
purchasers want the most for the least way to the members of the music trade
money and manufacturers are evidently industry how they may advance their
endeavoring to satisfy their desires. Com- interests now that a national association is
pared with some years ago, the advance- an accomplished fact.
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ment made in the designing and finishing
Reports continue to appear that the pi-
of pianos is obviously marked. The trade
ano factory of Wm. Knabe & Co., Balti-
at large can well feel proud of the hand-
more, Md., is closed on account of an ex-
some line of instruments to be placed on
isting strike. We find this-report to be
the market this season.
absolutely untrue. Word from the factory
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received yesterday states that they are
The steady advance in wheat, and the
well qualified to make large shipments of
upward tendency of stocks of all kinds, has
instruments without the slightest delay,
encouraged even the most pessimistic in
and that there is no reason to believe
dividuals, and with the present rate of ad-
vance in all kinds of staples it would seem that the manufacturing facilities will be
as if there was no necessity for journeying crippled in the slightest.
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to the ice-bound fields of Alaska to secure
The alleged purchase of the Steinway
Klondkie nuggets. They are right here
interests by an English syndicate has been
in our midst, and our keen-witted business
the talk of the trade during the past week.
men are digging them out daily. It is true
The matter was gone into at considerable
the prosperity has not reached the music
length in The Review of last week, and
trade to any appreciable extent, yet there
while we refer to the same subject again,
are evidences all along the line that this
it is only necessary to say that there are no
trade will be included among the prosper-
later developments which require further
comment.
that the same point should always appear
in the same sequence.
"We feel confident that the mercantile
agencies will gladly adopt any changes
suggested in the composition and character
of their reports, so long as the desire rep-
- ^ • E D W A R D LYMAN
resents the judgment of the credit men
Editor and Proprietor.
composing our association. We therefore
PUBLISHED EVERY SATURDAY
deem this a very important topic, and we
3 East 14th St.. New York
ask that two or three of your ablest credit
men be requested to prepare papers on this
SUBSCRIPTION (including: postage) United States and
Canada, $3.00 per year; Foreign Countries, $4.00.
theme,
and your entire membership be
ADVERTISEMENTS, $2.00 per inch, single column, per
tourtion. On quarterly or yearly contracts a special dis»
urged to give the subject thought, so that
•ottnt if allowed.
REMITTANCES, fa other than currency form, should
they may be in a position to express the
fc« made payabl* to Edward Lyman BilL
points that with them have the most con-
Mnitrtd mt tht New Ytrk Fast Qffict as Second- Class Mmttmr.
sideration and influence in arriving at a
NEW YORK, AUGUST 28, 1897.
decision as to a credit risk."
TELEPHONE NUMBER 1743. — EIGHTEENTH STREET.
Mr. Cannon has appointed committees
THE KEYNOTE.
to draft suggestions, also to endeavor to
The first week of each month, The Review secure greater uniformity in the commer-
will contain a supplement embodying the liter-
ary and musical features which have heretofore cial laws of the various States.
appeared in The Keynote. This amalgamation
will be effected without in any way trespassing
on our regular news service. The Review will
continue to remain, as before, essentially a trade
paper.
THE TRADE DIRECTORY.
The Trade Directory, which is a feature of
The Review each month, is complete. In it ap-
pear the names and addresses of all firms en-
gaged in the manufacture of musical Instruments
and the allied trades. The Review is sent to
the United States Consulates throughout the
world, and is on file in the reading rooms of the
principal hotels in America.
J
AMES G. CANNON, president of the
National Association of Credit Men, has
sent a communication to the various State
Credit Men's Associations, suggesting that
their September meetings be devoted to a
discussion of improvements in mercantile
agency credit reports. Mr. Cannon puts
the topic in the form of a question: "What
features should be specially treated in mer-
cantile agency reports to render them of
the most service to the dispenser of credit,
and in what ratio and order should these
points be given consideration?"
He then gives his own views, as follows:
"If there is one criticism of mercantile
agency service that can be made with jus-
tice and force, it is the dissimilarity, lack
of order, abstract character, and disregard
oftentimes of the most important points
which the credit man must know in order
to make an intelligent and proper decision.
It appears, therefore, that in order to bring
about a reformation in this matter, it is
desirable to know what points the credit
man considers as of the greatest weight in
determining the success or failure of any
business and the responsibility and capa-
bility of an applicant for credit.
"Not only should these features stand out
clear and positive in a report, but they
should be treated in a uniform order, so