Music Trade Review

Issue: 1906 Vol. 43 N. 16

Music Trade Review -- © mbsi.org, arcade-museum.com -- digitized with support from namm.org
REVIEW
THE
fflJJIC TIRADE
VOL. XLIII. No. 1 6 . Published Every Saturday by Edward LymanBill at 1 Madison Ave., New York, October 20,1906.
MILLER ON BOOMING BOSTON.
Head of the Henry F. Miller Co. Anxious That
the Board of Trade Should Broaden Out to
the End That It Becomes a Greater Power
Toward Promoting Boston's Welfare.
(Special to The Review.)
Boston, Mass., Oct. 13, 1906.
At the annual meeting of the Boston Asso-
ciated Board of Trade held last Monday night,
in addition to re-electing Henry F. Miller, of the
local Music Trade Association, treasurer, and
other prominent gentlemen in different official
capacities, a plan was submitted for the reor-
ganization of the Board into a strong central
organization, with a much enlarged membership
for the purpose of booming Boston somewhat
along the lines of the excellent work accom-
plished by the Cleveland Chamber of Commerce.
Henry F. Miller, of the Henry F. Miller & Sons
Piano Co., is an enthusiast upon the suggested
change in the organization, and spoke as fol-
lows on the subject:
"We have in Boston at the present time a num-
ber of associations—the Chamber of Commerce,
Merchants' Association, Associated Board of
Trade, etc.—all of which are doing good and
helpful work along the lines permitted by their
by-laws and make-up.
"But in the last few years in several large
cities the associations which correspond with
those mentioned here have been merged into one
large central organization and have thus been
given a far more comprehensive scope and
greater influence. Much of the work they have
been able to take up is such as was not formerly
attempted by the smaller organizations.
"What has been accomplished by such a plan
in Cleveland is well known to those interested in
this plan, but it is not so well known that in the
city of New Orleans this same sort of an or-
ganization has accomplished work of an extraor-
dinary character.
"The object of the committee which pre-
sented the report to the Boston Associated
Board of Trade at its last meeting was not to
in any way injure the welfare of any of the well
established trade organizations, but to as far as
possible remove the handicap under which they
are all working. A great many of the present
obstacles in their way could be overcome if a
lot of special work could be looked after by men
well qualified to handle that particular branch
of endeavor, and paid experts consulted when
needful.
"Many business men and merchants known for
their keen business judgment could be induced
to come into a large central organization of the
kind suggested, who are not now members of
any of the present well-established trade asso-
ciations.
"One point to be considered in the matter Is
that the older men in these present organiza-
tions, who have done so much for the welfare
of the city, must sooner or later give way to the
younger element. The importance of the fu-
ture welfare of the city is just as much to these
young men in their later life as it has been to
the present members of these trade associations
SINGLE COPIES. 10 CENTS.
$2.00 PER YEAR.
during their active business careers. Up-to-date
methods seem to call for some such change as
now suggested, and the sooner the change is
made the better, in my opinion.
"Cleveland is a comparatively small city, and
yet its Chamber of Commerce has over 450 ac-
tive business men in its membership, and they
are not mere members on paper, either. They
all realize the good the Chamber is accomplish-
ing, and take an interest and pride in its work,
and feel that membership confers an honor.
Why cannot we have the same thing here on an
even larger scale? With a large central organi-
zation and such men as are willing to put their
shoulder to the wheel in the membership, great
things can be accomplished in the line of better-
ing and booming Boston."
an unusually large run on their piano case, style
GOO. This instrument is greatly in favor among
lovers of the organ, not merely because of its
unique architectural feature, but because it con-
tains many individual features of excellence,
found only in this instrument.
Business with the Carpenter Co. so far this
year is decidedly in advance of the same period
of last year, with every prospect for a good fall
and winter trade. Their latest styles are most
attractive, and of that character which has long
distinguished the Carpenter creations. B. II.
Mitchell, their traveling ambassador, has been
touring the South since September 8, and is
having a very successful trip.
V. W. O'BRIEN RESIGNS
The Pipe Organ Manufacturers of Pomeroy, O.,
In Financial Difficulties and F. E. Bolton
Appointed Receiver.
As Road Representative of Krakauer Bros.,
New York.
RECEIVER FOR BARCKHOFF CO.
(Special to The Iteview.)
V. W. O'Brien, who has reached his home in
Bay City, Mich., after a tour among the estab-
lished "Krakauer" agencies, received all along
the route very liberal orders for the products of
this institution, as well as the assurance that
prospects were never brighter for one of the best
seasons in the history of the piano trade, with
predictions that the present general condition of
prosperity gives promise of continuing in-
definitely.
It was Mr. O'Brien's intention to take a trip
through the West and South, but the heavy or-
ders received by Krakauer Bros, has depleted
the large reserve stock they had accumulated
with this end in view, and they find it inadvisa-
ble to make an extended campaign for new busi-
ness this fall. In consequence, Mr. O'Brien, who
does not wish to reside in New York, has ten-
dered his resignation, which has been accepted
with the best of feeling on both sides.
CAPEN PIANO IN NEW YORK.
Will be Handled by Wm. A. Pond & Co.—Man-
ager Whitaker Speaks Favorably of These
Creations So Popular in the Trade.
The Capen piano, made by the Brockport
Piano Manufacturing Co., of Brockport, N. Y.,
will in the future be handled by William A.
Pond & Co., of 148 Fifth avenue. S. Whitaker,
who has charge of the piano department, said to
The Review: "We have been looking for a first-
class medium priced piano for some time past,
and finally selected the Capen because, in our
judgment, it embraced all the desired quality of
tone, structure and architecture. We will carry
a full line of these instruments, including the
Capen player-piano. We believe that when the
Capen line becomes known in this city, it will
achieve great and deserved popularity."
CARPENTER PIANO-CASE ORGANS LIXED.
Pomeroy, O., Oct. 15, 1906.
F. E. Bolton has been appointed by the Com-
mon Pleas Court, of Meigs County, this State,
receiver of the property of the Barckhoff Church
Organ Co., and he has duly qualified. For some
time past the Barckhoff Church Organ Co. have
been in a rather tight place financially. They
made strenuous efforts to meet their obligations,
but as now noted, without success. The manu-
facture of pipe organs necessitates the use of
considerable capital, and as it was not forth-
coming, recourse to the courts was inevitable.
Whether the business will be ultimately con-
tinued or not rests, of course, with the creditors.
W. C. TAYLOR HONORED
With the Presidency of the Orpheus Club of
Springfield.
At the recent meeting and banquet of the
Orpheus Club one of the oldest musical organi-
zations in Springfield, Mass., W. C. Taylor, pro-
prietor of Taylor's Music House, was elected
president. This club was founded some thirty-
four years ago, and is the only male club in
Springfield. It gives some two or three concerts
a year under the direction of John J. Bishop,
who has been the director of the club for a num-
ber of years, and stands high in the community.
FOSTER-ARMSTRONG CO.'S GREAT TRADE.
Silas Maxson, secretary of the Foster-Arm-
strong Co., of Rochester, was a visitor to this
city last week. He said that he believed that
when the total business for the year was figured
up it would be a surprise to the most optimistic.
Their great plant is being rushed in order to
keep pace with the demand for their products.
Blocker & Manchester have opened a music
store in Fulton, Me., with a full stock of pianos
and small goods.
(Special to The Review.)
Brattleboro, Vt, Oct. 15, 1906.
The Carpenter Co., manufacturers of the fa-
mous Carpenter organs in this city, are having
Professor F. Imfield, music dealer, of Hamil-
ton, O., has removed his stock from Court street
to a store on South Second street.
Music Trade Review -- © mbsi.org, arcade-museum.com -- digitized with support from namm.org
THE
MUSIC TRADE
KEVFW
EDWARD LYMAN BILL, - Editor and Proprietor
J. B. SPILLANE, Managing Editor
Executive and Reportorial Stall:
GBO. B. KULLEB.
W. N. TYLER.
F. II. THOMPSON.
EMILIB FBANCIR BAUDS.
L. B. BOWERS. B. BRITTAIN WILSON, War. B. WHITB. L. J. CHAMHERLIN. A. J. NICKLIN.
CHICAGO OFFICE:
B. P. VAN HARLINGBN. 195-197 Wabasb Ave.
TELEPHONES : Central 414 ; Automatic 8643-
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BOSTON OFFICE:
EJBNEST L. WAITT, 278A Tremont St.
R. W. KAUFFMAN.
A. W. SHAW.
CHAS. N. VAN BUREN.
SAN FRANCISCO OFFICE: ALFRED METZQER, 425-427 Front S t
CINCINNATI, O.: NINA PUGH-SMITH.
LONDON, ENGLAND:
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W. Lionel Sturdy, Manager.
Published Every Saturday at 1 Madison Avenue, New York.
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 dlfcount is allowed. Advertising Pages, f 50.00; opposite
rending matter, $75.00.
REMITTANCES, in other than currency form, should be made payable to Edward
1-yman Bill.
Directory ol Piano The directory of piano manufacturing firms and corporation*
found on another page will be of great value, as a reference
Manufacturers for dealers and others.
Exposition Honors Won by the Review
Grand Prix
Paris Exposition, 1900 Silver Medal.Charleston Exposition, 1902
Diploma.Pan-American Exposition, 1901 Gold Medal..St. Louis Exposition, 1904
Gold Afettol.Lewls-Clark Exposition, 1905
LONG DISTANCE TELEPHONE—NUMBER 1745 GRAMERCY
Cable address: "Elbill N e w York."
NEW
YORK,
OCTOBER
20, 1 9 0 6
EDITORIAL
T
HIS is the banner fall for the piano man. The question that
every thoughtful business man is now asking himself is: How
long is this good business going to last? Is there any turning
point in sight, and can this upward movement continue long un-
checked? Undoubtedly the prodigious prosperity of this country
has had much to do with the rise of prices within our own borders,
and a serious setback, with a consequent lessening in demand, would
temporarily, at least, bring the prices of some products down from
their present elevated position. Yet in many respects the move-
ment is evidently a world-wide one, due to causes which are difficult
to trace. Hence a wise acceptance of the conditions and a prudent
recognition of their influence should be the course of the busy mer-
chant, leaving it to time to show how the remarkable advance in
values has been brought about.
To the piano merchant probably the chief source of satisfaction
afforded by this abnormal situation is the greater profit which re-
sults. For higher prices mean a larger total of sales, even without
HU actual increase in the volume of business done; and hence, even
though the ratio of profit remain unchanged, the actual returns arc
apt to be considerably larger. It is easy to get good prices with
such conditions abounding.
T
HE increased cost of piano production is causing a good deal
of serious consideration in this industry. Every particle of
stock which enters into the manufacture of musical instruments has
steadily advanced in cost, and judging from the conditions which
exist in other trades, there is no indication that there will be a slack-
ening of the prices of any of the great staples. On the contrary,
some of the best posted men predict a steady advance.
When considering these conditions the thought that comes to
mind is, how long is this upward tendency going to last, and where
will the break come, if it is to come?
If we study the various financial periodicals, some of the writ-
ings of important financial critics in the daily papers, we will find
that they arc inclined to predict a break somewhere in the near
future.
Now, is such a break imminent?
REVIEW
''T^HESE writers are fond of predicting a slump and explaining
X just why it should come, but our market conditions are fully
different to-day than those existing when the last financial depres-
sions came in 1873 and 1893. ^ n e environment of present day
affairs differs widely from the surroundings which caused panics in
former periods. Inasmuch as the piano business, like other enter-
prises, is conducted on the deferred payment plan, it is wise to
weigh matters well and figure whether we are going too far in
placing out instruments on three or four years time, and basing our
business plans accordingly, or whether it would be wise to contract
the lines of credit somewhat. Numerous conditions and circum-
stances peculiar to the present forward movement in finance and
industry and differing widely from the phenomena of former periods,
have encouraged at times, notably the excitement of 1901, belief
that the precedent of other decades might be repeated. There
is danger in an over-exploited credit. Certainly if our study of
the cause of commercial panics proves anything, it proves them to
be a logical result of business conducted too largely on the credit
plan.
B
UT the conditions which surround the American business men
of to-day differ materially from those when the last business
depression occurred. We have gained enormous assets since those
days. The great West, instead of being a borrowing part of the
Union, is loaning money to other sections. Farmers who a few
years ago were unable to raise interest on their mortgages, have not
only paid the mortgages and the accrued interest, but they have
comfortable sums in the bank, and are enabled to buy musical in-
struments, and to gratify their tastes in a hundred different ways
which seemed impossible a few years ago.
According to the views of some of the best posted men who
are not figuring that certain intervals of depression are bound to
occur, but seek actual causes of these depressions, there is nothing
at all in sight which should cause business men the slightest appre-
hension, or make them draw in their lines in the remotest way.
With the enormous crops, and the universal good prices at which
they are sold, with labor well employed, and no accumulation of
stock in the warehouses or factories, it means that the absorptive
power of the country keeps up with the producing capacity in almost
every industrial department.
I
F we look to the industry to which The Review directly appeals,
we will find that there never has been a time in the history of
the piano trade when general conditions were more healthy. Manu-
facturers are not accumulating stock this fall; on the contrary, they
are unable to supply the demands, and the dealers everywhere are
putting out these instruments at terms which are acceptable to them-
selves. In other words, there is no unhealthy forcing of goods on
the market, and when these conditions prevail generally, there is no
reason why serious consideration should be given the views of some
of the leading financial writers who inject a pessimistic vein into
their articles.
T
HERE is really no reason for such a prediction, and if we
spend too much time in figuring that the duration of the
cycle of prosperity is limited, it surely will be, because the more
this is emphasized in the daily papers, the more it will cause men to
hold back in making investments, and it is, after all, public opinion
in a measure which will create a depression. If men in every sec
tion of the country read pessimistic reports of the financial condition
of the Government, and of business, they are inclined to be over-
conservative in their actions, and the result would be that they
would not go ahead and exploit their enterprises in the same free-
handed manner that they would if this idea of pessimism were not
constantly thrown up at them. There is no crisis considered immi-
nent, and there is no necessity of creating such a sentiment, causing
men to withhold from an active participation in the good things that
are going round in a business sense. As long as it is certain that
credit is being prudently and conservatively extended, and that the
community as a whole is not indulging in speculation, there would
seem to exist no reasonable ground for argument that the experience
of past commercial panics might be repeated.
LONG the lines of the establishing of retail prices at which
pianos shall be offered to the public by the manufacturer, a
reader advances some very logical arguments. He savs that the
A

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