Music Trade Review

Issue: 1906 Vol. 42 N. 1

Music Trade Review -- © mbsi.org, arcade-museum.com -- digitized with support from namm.org
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.
~
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.
I
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
R
I
O
Music Trade Review -- © mbsi.org, arcade-museum.com -- digitized with support from namm.org
THE MUSIC TRADE! REVIEW
puts out. He will gather many an idea from them, and will be
thoroughly up to date in answering many questions which may be
propounded. There should be cordial co-operation between the
advertising manager and the salesman, because it will mean better
work and better sales.
O
NE of the proprietors of a large piano department which is
noted for its close buying once said that the salesman who
talked quality and not price had a greater influence on him than
the man who came in and at once began to make price the center
of his argument.
A good salesman works on quality and a poor one on prices,
and the salesman who talks quality—whether he is selling pianos at
wholesale or retail—must have confidence in the instruments which
he offers. He must carry conviction in his work in order to make
buyers conform to his desire. He must first, last and all the time
have confidence in the instruments which he sells.
I
T is pretty hard to always win out on the sales, but in such
times as these the selling end of the business should be easier
than ever before. If a man doesn't meet with a few failures, how-
ever, he does not appreciate success. Failures are oftentimes useful
as instructors. If it is necessary to approach your prospect many
times, do it. Wait, if you must, but get away each time with
something added to your knowledge of the science of salesmanship.
One of the greatest masters of the violin states in his auto-
biography that during the first year of his tuition his instructor
would not allow him to make a sound on the instrument. After
that period the student spent eighteen hours daily in practising how
to hold the violin and bow in correct positions, how to finger the
strings and in learning all the details that enter into the violin's
construction. When after the first year had passed he was allowed
to make a sound on the strings, and the notes were true and sig-
nificant—not a haphazard caterwauling. Under this strenuous
discipline the student became a headliner in the musical world.
T
HIS is a good example to bear in mind, and the prospect on
which you fall down comprise a class of people which is
to be your instrument. The more you learn of their eccentricities
and the difficulty of selling them, the more you learn the way to
accomplish the purpose, and the more proficient you will be when
at last you sound your first note in the scale of successes.
T
HE keenest interest has been manifested by the business world
in the trials which have been proceeding recently before
Judge Holt in the United States District Court involving the offense
of perjury in bankruptcy.
For the first time in the history of this jurisdiction—Judge
Holt thinks for the first time in the history of this country—convic-
tions have been obtained, and the defendants of three cases have
been sent to prison. The offense in each case was that of a bank-
rupt merchant who had hidden his property in order to cheat his
customers and then conceal his act by perjury.
The practice in one form or another has been going on for
years, but it was only a year ago that indictments were returned
for the crime in New York, and only a few days ago that there was
a conviction.
W
E have had some mighty queer cases in the music trade
where there was every indication of property having been
secreted. Judge Holt says that he has been specially interested in
this aspect of fraud in bankruptcy for several years. He had no-
ticed the large number of cases in which there was evidently per-
jury, and, perceiving that there was apparently no attempt to punish
the guilty, he proceeded in a way that brought the situation to a
head. He wishes the business community to take notice, and re-
gards the practice he seeks to destroy as one of the most dangerous
of its kind extant. If perjury in bankruptcy cases should continue,
the efficiency of the bankruptcy law will be almost nullified. It
shows, too, that the present law against bribery, theft and perjury
is adequate if enforced.
SUCCESSFUL piano merchant located in a thriving Western
city, in writing to The Review, said: "What I like par-
ticularly about your publication is the fact that you eschew all
petty bickerings and get right down to brass tacks, so to speak.
A
You give us the news in a condensed, readable form, and you give
us helpful hints which I find invaluable to my salesmen. I sub-
scribe tor three copies of your paper, and 1 consider the money well
invested; and I do not believe, as a whole, that salesmen read trade
papers as closely as they should."
It is a pretty safe assertion that salesmen in general do not
read enough about their own line of business. Trade journals, and
good ones, are plenty in all lines of trade at the present time, and
they can be read with pleasure and profit by any wareroom worker.
r
\ ""HERE are too many salesmen who regard the trade journals
-L as something particularly intended for their employers, and
noL for themselves to read. Hence they do not bother themselves
about investigating the contents. They do not realize that a more
or less careful and regular reading of these journals might mate-
rially add to their fitness for a better position.
A salesman cannot know too much about the merchandise that
he handles. Men in the higher professions find it necessary to read
and study continuously in order to keep abreast of the times. They
must of necessity learn not only what others in their chosen lines
are doing, but how they are doing it. Piano salesmen should be
thoroughly posted on the special merits of the instruments which
they otter for sale, and they can get many a pointer from the
columns of a well-conducted trade publication.
T
HERE are a number of names appearing on the fall-boards of
pianos which closely resemble each other, and unfortunately
most of them propose to stick rather than to gracefully retire in
order to satisfy and please their competitors. We cannot have
everything to our liking in this queer old world.
T
^HE interest in piano players, far from subsiding, is rather
increasing in strength, and still there are those who assert
to uay that the player business will be but temporary.
We can hardly agree with such an opinion. There will be a
number of new players offered for sale within the next few months,
as there are some now which are practically perfected, which ere
long, with capital and energy behind them, will be heard of in
trade circles in no uncertain manner.
The energy seems to be on the inside player, and how to make
this in the most compact form and easily adjustable to any piano
is the objective aim of all inventors.
When we consider the number of really brainy men who are
working upon the solution of this problem, and we figure how far
they have advanced in a few years, it seems reasonable to believe
that there must be satisfactory developments, as the result of this
concerted and experimental work which is now going on.
T
HE piano player has come to stay, and that it will show better-
ment with the passing of the years is indisputable, for if we
take a retrospective glance at player history it will be noticed that
the development has been remarkable from the earlier creations;
and we now have men who are busily occupied with the develop-
ment of acoustical and mechanical principles and their application
along lines which tend upwards.
We must admit that the player development forms one of the
most interesting studies which has recently been taken up by this
industry. It represents ideas, inventions and devices which have
sprung from the brains of numerous mechanical and acoustical
geniuses. Some of these ideas upon closer application have proved
impracticable. Others, again, have been shown to be commercially
unprofitable, but a still larger number have flourished and expanded
until to-day the player forms a mighty important adjunct to the
music trade industry. Indeed, its selling force cannot be denied.
Every dealer and every salesman realizes that.
It is true the player may get out of order; but, then, why dis-
cuss such possibilities? It is a live, vitalizing, selling force to-day,
and interest in it will not subside. It is putting life into thousands
of dead pianos all over the land, and it will keep on injecting that
life into the selling department of the industry.
H
UNDREDS of men all over this country will add largely to
their incomes through their association with piano players,
and from all indications it now looks as if the present year would
be in every respect the greatest one in the history of the player
business.

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