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THE MUSIC TRADE REVIEW
REVIEW
EDWARD LYMAN BILL, - Editor and Proprietor
J. B. SPILLANE, Managing Editor
Executive and Reportorlal Staff:
GEO. B. KELLEII.
L. E. BOWEUS.
W. N. TYLER.
WM. B. WHITE.
BOSTON OFFICE:
F. H. THOMPSON.
EMILIE FRANCES BAn:i\
L. J. CHAMBERLIN.
A. J. NICKI.IN.
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ERNEST L. WAITT, 173 Tremont St.
CHICAGO OFFICE:
E. P. VAN HAIU.INOEN, 18(52 Monadnock Block.
TELEPHONES: Harrison 1521 ; Automatic 2!>O4.
PHILADELPHIA OFFICE: MINNEAPOLIS and ST. PAUL: ST. LOUIS OFFICE:
R. W. KAITFMAX.
E. (\ TOHREY.
CHAS. X. VAN RFIIKN.
SAN FRANCISCO OFFICE: ALFRED METZGER, 425-427 Front St.
CINCINNATI, O.:
NINA PUGH-SMITH.
Published Every Saturday at 1 Madison Avenue, New Yorlc
Entered at the New York Post Office as Second Class Matter.
SUBSCRIPTION, (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 Bill.
Directory ol Piano
The directory of piano manufacturing firms and corporations
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found on another page will be of great value, as a reference
Manufacturers
f Or dealers and others.
LONG DISTANCE TELEPHONE-NUMBER 1745 GRAMERCY
NEW
YORK,
JANUARY
6, 1906
EDITORIAL
O
N all sides we hear pleasant things said of the old year which
has so recently taken its departure. It is recorded as a
peculiarly satisfactory one so far certainly as the general prosperity
of the country is concerned, and the conditions which have charac-
terized the lines in which The Review readers are directly inter-
ested.
The sanguine anticipations of the trade have fortunately been
fully realized, and 1905 has made an enviable record for itself.
While the volume of business has been large, it has in many cases
not been attended with the profit, however, which is most desir-
able. This on account of the increasing cost of production.
It has been, on the whole, however, a most satisfactory year,
and there has been comparatively little disturbance with manufac-
turing, and the industry in general, by reason of strikes or labor
difficulties.
T is certain that there will be no decrease of cost in piano making
for the new year, and everything now points steadily to an
upward trend in everything. The great steel and iron plants of
the country do not care to take on new orders at old prices, and
piano manufacturers must conform their action to the present con-
ditions.
It was two weeks ago when The Review first announced that
the eminent house of Chickering & Sons would advance prices at
the first of the year. This, as we stated, would include practically
their entire line of pianos.
When such a distinguished house takes a lead it should be easy
for others to follow, and Chickering & Sons, applying reasonable
business rules to the conduct of their affairs, see no reason when
there has been an increase in the cost of the manufacturing amount-
ing to over twenty per cent, why they should not advance prices.
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sound business position, and with such a precedent established by
an eminent piano manufacturing concern it certainly must have a
healthful effect upon the industry.
A manufacturer, while discussing the matter recently with The
Review, said that there should be some agreement between manu-
facturers on the price question. There is oftentimes a wide gap
between what should be and what is, and the question to-day which
every man has to meet is that of increased cost. It faces him from
the hour he rises in the morning until he retires at night, and the
only way that he can equalize matters is to ask more for his wares.
HE export business of the country has materially increased,
and as a substantial basis for future prosperity we may men-
tion the enormous crops which command high prices. The year
opens with a continuance of favorable conditions, and the prospects
for 1906 are excellent in all lines. There has been during the past
twelve months a noticeable lack of failures, and, on the whole, con
ditions are such as to command the highest degree of confidence.
The piano industry, as a whole, was never in better shape.
Collections have been fairly well maintained in all departments,
and probably there is less installment paper behind in payments
than ever before.
T
F course, there are some merchants who have not as yet or-
ganized their collection department so that they keep well
up on all collections. They will, however, realize more and more
the necessity of establishing an up-to-date system, so that the
percentage of installment paper which defaults in payment is re-
duced to a minimum.
There are some dealers who have informed us that they keep
so closely after their collections that there is never over ten per
cent, of their installment paper past due. It needs, of course, a
good system applied to this very important department to maintain
such an excellent condition of affairs.
O
HE necessity of prompt collections is of vital importance to
every merchant throughout the land, and every house should
see to it that its business is so organized for the new year that
installment paper is kept after closely, and that but slight delin-
quency in payments be permitted. It is to be regretted that a paper
supposedly published in the interests of the music trade should
feel called upon to -attack installment paper.
This may be properly said to be the foundation of the business,
for there is such a great percentage of trade to-day conducted on
the deferred payment plan that to attack the legitimacy of piano
paper is to create an impression in the minds of readers that there is
something inherently rotten in the business. Trade statistics
clearly prove that installment paper forms a property which is non-
depreciable in the hands of good men who look closely after col-
lections. Eoose business methods, however, will depreciate any-
thing, and without some sort of a business system which provides
for good collections any enterprise will suffer.
It is not necessary to imitate another man's method, but every
piano man may inaugurate a method of his own in his collection
department.
T
ECENTLY while chatting with a salesman in one of the
larger piano stores we discussed the advertisement of his
firm which appeared in the morning's papers. It was carefully
worded and well calculated to draw trade, as there were several
inducements emphasized in the advertisement, and yet at eleven
o'clock in the morning this man was ignorant of what his firm
had to say to the public regarding the wares which he was suppose-!
to sell.
Every salesman should study the advertising of his firm, and
his own arguments should be as impressive as the advertising which
has been sent forth through the mediumship of papers. If the
advertising manager is competent the advertisements themselves
N other lines of trade there is no argument necessary. A recent
should furnish new arguments from time to time, or show how to
experience in building teaches us that there is no argument with
the lumber men or with the brick concerns, or any other of the state arguments more pointedly.
men who 'deal in the great staples. They simply ask more, and
F course, there might have been in this instance a failure on
that settles it. You can pay their price or leave the goods, and
the part of the management to have delivered copies of the
in most cases some one is waiting for the material.
paper containing the advertisements to each of the salesmen. This
In such times as the present costs on everything are rapidly
should always be done, for every salesman should receive regular
multiplying, and with shortened hours of labor and an increased
copies of the news, ads., circulars and brochures which his house j
cost of material it means that asking more is simply assuming a
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