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THE
MUSIC TRADE
MEW
EDWARD LYMAN DILL,
Editor a n d Proprietor
J. B. SPILLANE, Mai
n g
nait*r.
EXECVTIVE AND REPORTORIAL STAFF:
QBO. B. KELLER,
W M . B. W H I T B ,
W. N. TYLER,
L. J. CHAMBERLIN.
F. II. THOMPSON.
EMILIH FRANCIS BAUER,
A. J. NICKLIN,
GEO. W. QHERIPEL.
BOSTON OPFICB:
CHICAOO OFFICE
ERNEST L. WAITT, 173 Tremont St.
E. P. VAN HABMNGEN, 1362 Monadnock Block.
PHILADELPHIA OPFICB:
MINNEAPOLIS AND ST. PAUL:
R. W. KAUFFMAN.
E. C. TORREY.
SAN FRANCISCO OFFICE:
5T. LOU 15 OFFICE,
CHAS. N. VAN BUREN.
ALFRED METZGER, 425-427 Front. St.
CINCINNATI, O.: NINA PUGH-SMITH.
Published Every Saturday at 1 Madison Avenue, New York.
Entered at the New York Post Office as Second Class Matter.
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ADVERTISEMENTS. $2.00 per Inch, single column, per Insertion. On quarterly or
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REMITTANCES, In other than currency form, should be made payable to Edward
Lyman Bill.
On the first Saturday of each month The Review contains In Its
THE ARTISTS' "Artists' Department" all the current musical news. This is effected
without In any way trespassing on the size or service of the trade
DEPARTMENT section of the paper. It has a special circulation, and therefore
augments materially the value of The Review to advertisers.
Tne
m i r r T n n v .# PIANO
directory of piano manufacturing firms and corporations
U U I L I I U K T «f riANU f oun ^ o n another page will be of great value, as a reference
MANVFACTUR.ER.S
f or dealers and others.
LONG DISTANCE TELEPHONE-NVMBER 1745 GRAMERCY.
NEW YORK, OCTOBER 28, 19O3.
A
PPEARANCES now indicate a shortage of stock in some of
the important piano distributing centers during the fall and
holiday trade. This condition is threatened because retail sales have
been so invariably good during the month that there has been diffi-
culty in accumulating even moderate stocks with which to care for
current business, let alone a greater trade which is due during the
next six weeks.
Retail piano merchants, according to our reports, have en-
joyed a month of splendid business. The sales have been excellent,
quality sales having dominated in many sections. The increas-
ing demand for better instruments shows that when people have
the money they are willing to pay more for pianos.
The excellent crops insure a good business for the next twelve
months, and the records now show that this year's big agricultural
yield has reached a record-breaking point. This was predicted
early in the season, but the mild weather has insured the safe
harvesting of crops which would have suffered by an early cold snap.
T
HE calculations of the New York Produce Exchange, based
on the latest Government reports as to crop condition, show
exceptionally large yields of corn, wheat and oats. The corn crop
is estimated at 2,707,517,000 bushels and that this estimate will
in all probability closely approximate the actual yield is shown by
the fact that the corn crop of 1904 as calculated by the Exchange,
differed in volume by but 3,756,934 bushels from the actual yield.
And this amount was a gain over the estimated quantity. Should
the actual crop approximate the Produce Exchange figures it will
exceed all previous corn harvests in quantity, and to find one near
to it we shall have to go back to 1899, when the yield, as given in
the Census Report, was 2,666,440,273 bushels.
The wheat crop, though not a record-breaker, will, it is cal-
culated, exceed the yield of any other year except the phenomenal
harvest of 1901, when the crop amounted to 748,460,218 bushels.
The indicated wheat crop this year is 683,311,000. Oats will come
closer to their record yield, the indicated crop being 938,623,000
bushels,against 987.842,000 bushels in 1902. The rye crop is expected
Jo exceed that of last year, and though the yield of barley and of
potatoes will fall somewhat below that of 1904, this is a small matter
compared with the vast production of corn, wheat and oats.
REVIEV/
With such a magnificent showing there is no reason to question
at all trade activity during the next few months. The only thing
is to take care of it in such a way that there will be satisfactory
monetary results to piano manufacturer and merchant. Surely
with such splendid 'environment the dealers should receive good
prices for their instruments and the instalment payments ought to
be reasonably large.
I
N such times as these good prices can be obtained in all lines of
merchandising, and when we compare the average retail price
received for pianos, it must be admitted that there is no article
which requires the skill and care in its make up that is sold at any-
thing near the margin of profit which is made through most piano
sales, wholesale and retail.
Of course, keen competition has kept profits down; there is
no question about that, but with such good conditions there is no
reason why any business should be conducted on too small a profit
margin.
There are subsequent expenses connected with piano selling
which constantly lower the original profit. There are claims made
by the dealer, many of which are unjust, but nevertheless some of
them are allowed which reduces the manufacturer's margin of profit.
The dealer also has to meet certain claims which seem in most
cases unfair, but these claims seem to be inseparably associated
with the piano business. They are hard to eliminate, but they cut
down the apparent profit very materially.
T
HE value of technical training in all lines is appreciated more
to-day than ever, and within the past few years several of
the universities have taken up the question of higher education in
accountancy, and have opened departments in commerce and
finance. And one of the fundamentals is that instruction shall be
imparted by practical business men as well as by public accountants
of long and thorough experience.
It is well, too, that the business side should be well considered,
for there is no denying that the age is thoroughly commercial, and
such institutions as the Mechanics and Tradesmen's Society of this
city, the president of which is Wm. E. Strauch, of Strauch Bros.,
is doing splendid work in training young men to useful professions.
All of the institutions which teach young men the value and im-
portance of a technical education are doing splendid work. Mr.
Strauch gives ungrudgingly his time and experience to help the
young men to fit themselves for the battle of life. There was never
a better chance for skilled labor than to-day. It is difficult to secure
enough good men, especially first-class mechanics, to meet the
volume of business which the manufacturers in skilled trades have
in hand. It is easy to find men who have a superficial knowledge of
any business, but the trained mechanic is in greater demand to-day
than ever.
T
HERE is a new condition, however, which has recently come
up in the labor world, which would be almost amusing were
it not for its serious side. It is the fact that a number of cities
are competing against each other for skilled labor, and are sending
emissaries to offer inducements in the way of higher wagm. This
is particularly in the metal lines. Bridgeport, Conn., has sent to
Worcester, Mass., for workmen, but Worcester has sent to Bridge-
port, with the result that each city has obtained some men from the
other, but probably neither has more skilled workmen than before
the exchange was made. Each has succeeded in bulling the labor
market in the other city, their bid helping towards a higher wage
scale. Machine shops of the same city are literally swapping men
without realizing it, hiring from one another at an advance in
wages. There seems to be no present limit. An employer must
have more good men, and they are sought regardless of business
or personal friendship between manufacturers.
Many works that
would be operating with full night shifts find it impossible to do so
because of the inability to get the necessary number of competent
men. Some shops arc running extra hours, paying proportionately
for their labor.
T
HE present labor situation illustrates the fact which unions
are apt to ignore that there is a market price for labor
which price is governed by the condition of their employers busi-
ness. Tf he is forced to pay too high wages when margins are
small and business light, he cannot succeed, and his men will suffer.
If, on the other hand, he is permitted to regulate his wage schedule
or if conditions are permitted to regulate it for him, his employes