Music Trade Review

Issue: 1899 Vol. 29 N. 27

Music Trade Review -- © mbsi.org, arcade-museum.com -- digitized with support from namm.org
THE MUSIC TRADE REVIEW
fields. Time was in this industry when we solve at the very inception of the year.
believed in Christmas numbers. We have They cannot in justice to themselves con-
changed, for in all large editions the indi- tinue on the same lines as heretofore.
viduality of the advertiser is lost, to a cer-
Some of the manufacturers have had
; tain extent, among the many. The market sufficient courage to come out boldly and
TWENTY-FIRST YEAR •
is surfeited with enormous editions. _ The mark their instruments up to the figures
•EDWARD LYMAN BILL-
number is almost without end, and how in which the increased cost of manufacture
Editor and Proprietor
the world the reading public can ever wade entitle them to receive. Others have been
PUBLISHED EVERY SATURDAY
through the mass of Christmas literature holding off through fear of offending the
3 East 14th St., New York
which is placed before it, is a trifle be- dealers.
SUBSCRIPTION (Including postage), United States,
yond our comprehension.
Mexico and Canada, $u.oo per year; all other countries,
$300.
As far as special work goes, we believe \X7HEN the hardware men, the lumber
ADVERTISEllENTS, $2.00 per Inch, single column, per
men, the veneer men, offer their
insertion. On quarterly or yearly contracts a special dis-
in it, but not in huge volumes where the
count is allowed. Advertising Pages $50.00, opposite read-
ing matter $75.00.
wares
for
sale, they are not usually as con-
reader becomes tired with the array long
REMITTANCES, in other than currency form, should
siderate of the feelings of their customers
bo made payable to Edward Lyman Bill.
before he has reached the close.
Entered at the i\T«w York Post Office at Second Class MaU«r.
as the average piano manufacturer. Their
NEW YORK, DECEMBER 3o, 1899.1 T H E stencil agitation for 1899 has been wares are invariably subject to market
TELEPHONE NUMBER, 1745-. EIGHTEENTH STREBT
most argumentative, logical and con- fluctuations, while the manufacturer of a
THE KEYNOTE.
vincing. At no period in the trade his- piano is about the only "finished product
The first week of each month, The Review will
tory has the subject been ventilated in as man" who adheres to the ancient schedule
contain a supplement embodying the literary
and musical features which have heretofore
broad, fair and impartial a way as during under the new order of things.
appeared in The Keynote. This amalgamation
will be effected without in any way trespassing
the present year. The anti-stencil seed
on our regular news service. The Review will
continue to remain, as before, essentially a
too has fallen on good ground. Some of T R U S T S have come in for a large share
trade paper.
of public attention during the year.
it has gone among tares, it is true, but
"Ring out the old
There
have been several attempts to
more of the seed is growing and promising
Ring in the new."
combine a number of firms of this industry
IV/I AY The Review readers in every clime excellent returns in the near future.
into what is commonly termed a trust.
be both happy and prosperous dur-
OPEAKING of the stencil calls to mind Thus far all work along these lines has
ing the new year.
an error which appeared in The Re- been ineffectual, although it seemed on
\X7 E can now turn our attention to the pur- view of last week, which changed the en- one or two occasions as if the move would
suits of industrial affairs, and as far tire complexion of the stencil editorial. go through, in a partial sense. There are
as business is concerned, it doesn't matter The article read: ''It has been proven no such opponents of trusts as good times,
a rap whether the new century begins with clearly that the manufacturer who makes and when a manufacturer is busy he is not
this year or the next one. There will be pianos with his own name thereon is in the same humor to entertain trust blan-
just as many pianos sold, no matter which building up nothing for himself of value dishments as when times are depressed and
business demoralized. By the way, why is
way the chronological experts may decide. in the way of a trade-mark."
The article should have read: ' 'that the it that the agitators of trusts are usually
T H E best year that America has ever seen manufacturer who is not making pianos unsuccessful business men, or schemers?
in an industrial sense has now closed. with his own name thereon" . . . A Can anyone answer the query?
There has been no period in this country's word or two misprinted changes the whole
T H E American factory system is aston-
history since John Alden wooed Priscilla color of an article.
ishing the Europeans, who are accus-
wherein such general prosperity and good
tomed
to antiquated factory ideas which
times has abounded. The latter part of IV]OW is the accepted time to publish the
the year has been marred, as far as this in-
obituary list for the year. The reaper are in vogue there. It is to that perfect fac-
dustry is specially concerned, by the labor death has been more actively engaged in tory system to-day that we owe our indus-
troubles in Chicago. The piano manufac- thinning the musico-industrial ranks than trial advance, and no progressive mind can
turers of that city have been enormous in some previous years. The roll call for say but that it is due to th e large use of
losers in order to uphold a principle—a 1899 includes more of the distinguished improved machinery in our factories that
vital one, too, for without the maintenance men of the industry than its immediate this country is forging ahead of all other
lands commercially. And if additional
of that principle which they have closed predecessor.
proofs were required of the benefits of
their factories to support, all industry be-
comes insecure. It is hoped that by the DIANO manufacturers have had to en- modern machinery, it is only necessary to
counter unpleasant conditions for point to the large and successful manufac-
dawn of the new year the honest workmen
will have been fully convinced of the months. Every article which enters into turers in any branch of business, and in-
schemes and duplicity of the labor leaders. the construction of a piano has been stead- variably one will find that it is the concerns
They have stumbled long enough, and it is ily advancing in price. While they have that employ the best and latest labor-sav-
quite likely that they will be anxious to had to face this rising tide all along the ing devices that stand out as an example
approach reasonable and equable arrange- line, including labor as well, they have of the survival of the fittest.
ments with their employers.
been unwilling to ask the increase which
Labor itself, has in the same proportion
the augumented cost of manufacture should been benefited through the use of machin-
T H E paper world has been replete with entitle them to receive from the dealers. ery. When the sewing-machine was first
Christmas numbers. Gigantic edi- Soon, however, these conditions must presented to the tailor, he cried in dismay
tions, in beautifully lithographed covers, change. The manufacturing and selling "My occupation is gone." But was it? We
are in evidence on every newsstand.
prices must conform to the changed con- have more and better paid tailors to-day,
We wonder if this special edition busi- ditions. That will be one of the first earning better wages and in a vastly easier
ness is not being greatly overdone in all problems which the manufacturers will manner than ever before. Besides the pub-
Music Trade Review -- © mbsi.org, arcade-museum.com -- digitized with support from namm.org
THE MUSIC TRADE REVIEW
lie is wearing better garments at less money.
It is only through the introduction of la-
bor-saving machinery that pianos have been
brought down to the prices which place
them within easy reach of the masses.
T H E trust craze which threatened to en-
gulf everything during the early
months of the year has materially sub-
sided. The little flurry on Wall street of
a couple of weeks ago too has had a still
further effect to depress trust moves.
People to-day are unwilling to place their
moneys in highly watered trust organiza-
tions. They begin to realize that as soon
as there is a little pressure the value of
trust securities depreciates alarmingly.
Combinations along legitimate lines will
, be more and more apparent in our modern
industrial life, but just now the trust idea
does not obtain even in Wall street circles.
There are problems always agitating the
minds of the business world, and as com-
•petition becomes more and more acute the
trust problem will not easily down. Still the
absorptive power of this country of the
finished products of all kinds is enormous;
besides there is the entire world as a
market for the American piano manufac-
turers.
\ 1 7 I T H a few exceptions retail trade in
the local piano warerooms for the
week preceding Christmas was disappoint-
ing. It may be figured that the Wall street
scare had much to do with it. Thousands
of small investors who thought they were
fairly well fixed before the crash came
were unable to make the purchase of home
accessories which they had in mind. Some
jewelry merchants tell us that they have
had many orders countermanding pur-
chases, all of which goes to show how
close the relations are between retail busi-
ness and stock depreciations.
The collapse of the "industrial " bubble
may not yet be complete. But the shrink-
age of market value in these inflated stocks
already amounts to hundreds of millions,
and it is difficult to say what the result
will be.
DLAINER styles are now rapidly super-
seding the elaborately carved and
embellished cases of a few years ago.
Colonial or " after the colonial " now lead
all others in point of popularity.
IT is a self-evident truth that no one will-
ingly pays high prices for anything—
even pianos. The knowledge of this fact
possibly causes greater apprehension that
consumption will be checked as a necessary
sequence of higher prices than actual expe-
rience justifies. The rise in iron and steel
-^prices which have surpassed all expecta-
tions—is constantly causing comparisons
to be made with rates prevailing early in
the year before any marked advance began.
Those especially who are renewing con-
tracts for material, having exhausted at
last the supplies bought several months ago,
are very forcibly struck with the changed
conditions. They dislike exceedingly to
pay double for the very same class of ma-
terial, but there seems to be no way out of
it. If a manufacturer is going to stay in
business he must pay the advanced price.
n
raw materials still continues. Some man-
ufacturers have faced the situation courage-
ously, and have advanced prices; others
with a more conservative disposition have
been reluctant to do so.
T H E last week of December has ended
with an excellent business in progress
throughout the country, thus closing a
year of exceptional prosperity in all lines.
A good business continues to be done by
the manufacturers who have been kept
busy taking care of the orders, steadily
coming in from the retail trade in all sec-
tions.
T H E year has been remarkable in that
few failures have occurred either in
the manufacturing or retail trade. There
WHAT AGENCIES PAY ?
has been no year for the past decade in
QOME manufacturers have been doing
which so few smashes have been recorded
some powerful hard thinking recently
as during the present. The industry as a
along the lines whether large agencies pay.
whole has never been in better shape, and
In other words whether their interests are
one of the contributory forces to these
best served by locking up huge slices of
satisfactory conditions lies in the fact that
choice territory under the control of one
the dealers themselves have been working
firm, or whether it reimburses them better
harder for cash trade than ever before.
to have their territory apportioned among
They have learned by experience that cash
a number of small agents.
talks more eloquently than credit, and
The belief obtained years ago in this
while they may not conduct so great a
trade that individual control of large terri-
business on paper, yet their financial situa-
tory was more remunerative than the less-
tion is materially enhanced by the steady
er allotment to a number of agents. Fol-
and unremitting work placed upon the
lowing out the generally accepted idea of
securing of cash business. Cash sales have
expansion it would seem as if the area of
been more in evidence during the present
territorial limits controlled by great firms
year than ever before, and the probability
would be constantly on the increase. We
is that the new year will see materially ad-
are inclined to the belief, however, that
vanced conditions.
there is a well-grounded theory among
piano manufacturers that the locking up
TS it not a fact that business has been
of huge pieces of territory under the con-
run on cleaner lines than during any
trol of one concern does not pay in the
previous year ? Has there not been less of
same degree as divided territory.
The
a disparagement of competitors' wares ?
larger agent is oftentimes apt to de-
We do not mean that it is not perfectly mand too much in the way of terms and
legitimate to show points wherein certain prices, always holding out the argument
lines excel, or that one is not entirely that his very association with such and
justified in calling attention to weak points such an instrument is worth a great deal
in competitive lines, but has not the indus- to the manufacturer.
try progressed beyond the little petti-
But is it?
fogging of years ago ?
We claim that no agency is profitable to
T H E matter of inventory is beginning to the manufacturer unless it can return him
absorb attention, and will call for satisfactory results. The mere handling
careful judgment. For the next ten days or turning over of pianos, unless at a profit,
manufacturers will be paying more atten- does not pay. The small dealer who at-
tion to the inventory and to the matter of tends to his trade personally and handles,
prices for the new year than almost any as a rule, a limited number of makes of
pianos—in fact, a line running from the
other part of their business.
cheap to the high grade so that he appeals
T H E matter of rising prices will now re- to all tastes—is much more apt to make a
ceive a good deal of attention from profitable factor for the manufacturer than
manufacturers, some of whose prices have the large agent who does not work his
not been brought up to the present level of territory in the same faithful way that
the local merchant, who is known personal-
cost.
Stronger advances may be expected early ly to practically his entire constituency,
in the year, and it is not unlikely that there does. The small man, as a rule, pays
will be frequent announcements of changes better prices, and he also makes a reputa-
in prices provided the upward march in tion for a piano within his district worth

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