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THE:
MUSIC
TRADE:
REVIEW
EDWARD LYMAN DILL.
Editor and Proprietor.
J. B. SPILLANE, Man.gin^ Editor.
EXECVTIVE STAFF:
THOS. CAMPBELL-COPBLAND,
A. EDMUND HANSON,
BOSTON OFFICE :
W. MURDOCH LIND, £94 Tremont St.
GEO.
B. KELLER,
A. J. NlCKLIN,
GEO.
EMILIE FRANCES BAUER
W. QUERIPEL.
CHICAGO OFFICE:
E. P. VAN HARLINGEN, 36 La Salle St,
PHILADFLPHIA OFFICE: R. W. KAUFFMAN.
Published Every Saturday at 1 Madison Avenue, New York.
Entered at the Nezv York Post Office as Second Class Matter.
SVBSCRIPTION (including postage), United States, Mexico and Canada, $2.00 per
year; all other countries, $4.00.
ADVERTISEMENTS. $2.00 per inch, single column, per insertion. On quarterly or
yearly* contracts a special discount is allowed. Advertising Pages $50.00; opposite reading
matter, $75.00.
REMITTANCES, in other than currency form, should be made payable to Edward
Lyman Rill.
THE ARTISTS'
DEPARTMENT
C.n the first Saturday of each month The Review contains in its
"Artists' Department" all the current musical news. This is effected
without in any way trespassing on the size or service of the trade
section of the paper. Tt has a special circulation, and therefore aug-
ments materially the value of The Review to advertisers.
DIREf TORY cf PIANO
^' 1e directory of piano manufacturing firms and corporations
MAMfirAr-rfD r o c
found on page 35 will be of great value as a reference for
MANUFACTVRER.S
dealers and others.
'LONG DISTANCE TELEPHONE-NVMBER 1745-EIGHTEENTH STREET.
NEW YORK, JANUARY 2, 19O4-.
EDITORIAL
XT INETEEN HUNDRED AND THREE with its successes and
* ' failures has now passed into history and the business men
of our day expend but a limited time in retrospect. With them it
is prospect—the future with its possible accomplishments in which
they are most interested—and from indications it would seem that
the New Year is opening in excellent form.
During the holidays there is a natural relaxing of the pressure
of business, and the more deliberate giving of attention to the ameni-
ties of life and the kindly offices and sentiments which, amid all the
pressure of work and rivalries of trade, have a commanding place in
human activity.
The cold weather which has prevailed has had a stimulating
effect upon many lines, and in general has had a good effect on
trade.
HERE is noticeable a better feeling in the East than was found
a few weeks ago, and the West and South remain confident
in the anticipation of an excellent trade in the opening months of
1904. Piano manufacturers and merchants find at this time many
things requiring their attention in the closing up of details in con-
nection with the old year's business, and in ascertaining the results
of their labors in various departments.
T
While the output of pianos for 1903 will hardly reach the
figures of the preceding year, yet it may be said that the piano in-
dustry as a whole never before had the business stability and gen-
eral recognition from the public which it is receiving to-day.
HE fact that it is receiving more consideration must mean a
largely increased sale of pianos and musical accesso-
ries. That would seem to be the logical outcome, and it is the
deliberate conviction of those who are in close touch with the manu-
facture and marketing of musical instruments.
T
REIVIEIW
The industry itself comes in for a larger share of attention at
the hands of the public and in financial circles than ever before.
Piano making is approaching its own and holds its rightful posi-
tion in the business world. Its character and dignity are being more
thoroughly understood by business men in all other departments of
manufacture.
'"T"*HE continuous growth of the industry requiring the employ-
*
ment of larger capital has directed the attention of eminent
financiers to the piano industry in a greater way within the past
two or three years than ever before. And to-day when we have
individual corporations employing in their work several millions
of dollars it gives one at least an insight into the possibilities of the
piano business.
A comparison of the enormous output of some of our factories
to-day with those of the largest concerns a decade ago, will show-
how marvelously the industry has developed, and yet we only have
to go back a few years to find plenty of men who predicted abso-
lutely no future for the piano business beyond 1900. They said a
majority of the people would be supplied with instruments by that
date, and that the industry thereafter would be steadily on the
decline.
\ \ J ITHIN the next decade we will predict that the total output
* *
of pianos from American factories will reach a number
approximating a half million annually. We have not as yet begun
to supply the home trade, and then there is the entire world to
conquer besides, for it should be distinctly understood that the
American piano manufacturers have not as yet given serious atten-
tion to the development of foreign trade.
This is proven by The Review's report of export trade in
musical instruments. The foreign business in piano players has
exceeded that of pianos during the year so recently closed.
As a matter of fact our piano manufacturers have treated the
foreign trade in an indifferent way, simply because the home trade
was not only better in every respect, but it could be much more easily
handled than a business in far away countries.
A S The Review has previously stated, the foreign demand for
**•
American pianos will be comparatively slight until we build
instruments which more nearly correspond with the European
models.
A Review subscriber in New Zealand stated a short time ago
that he had tried American instruments, but the people in his country
were accustomed to the small European instruments, known as the
Cottage pianos, which they preferred to the concededly better archi-
tecture and imposing tonal qualities of the American instruments.
. In order to deal successfully with the foreign people we must
offer them that which they desire and by so doing will move along
the easiest lines of resistance.
T
HE general financial stability of the piano industry has been
evidenced in the few failures which have occurred during the
past year, which was a year showing unprecedented shrinkages in
railroad stocks and leading industrials as well. Notwithstanding the
enormous shrinkages, there has been scarcely a ripple in the music
trade industry. The few failures that have occurred can be traced
to lack of business management and to purely local causes rather
than to any weaknesses which might exist in the industry.