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THE
MUSIC TRADE
REWEW
EDWARD LYMAN BILL, - Editor and Proprietor
J. B. SPELLANE, Managing Editor
Executive and Reportorlal Staff:
G»o. B. KBLUR.
W. N. TYLER.
F. H. THOMPSON.
BMILIB FRANCIS BAUD*.
L. B. BOWERS. B. BRITTAIN WILSON, WM. B. WHITB. L. J. CHAUBBBLIN. A. J. N I C I U B .
BOSTON OFFICE:
CHICAGO OFFICE:
B. P. YAN HARLINGBN, 195-187 Wabash Are.
TELEPHONIES : Central 414 ; Automatic 8643
PHILADELPHIA OFFICE: MINNEAPOLIS and ST. PAUL: ST. LOUIS OFFICE
REVIEW
O
F course there have been problems to solve in the past year, ami
there will be plenty, some not of easy solution, in the year to
come. There has been a steady rising tide in the cost of every-
thing. It costs more to manufacture goods; it costs more to sell
them ; it costs more to live, and while there has been in some cases
a hesitancy to advance prices in this trade, it will be impossible to
show a profit at the old prices, and manufacturers will be compelled
to advance prices on many styles of pianos.
There has been such an advance on lumber and metals, that
these two items alone cut no small figure in the increased cost of
pianomaking. It will be easy, too, for the dealers in such times
as the present to advance their retail prices sufficiently to cover the
advanced cost of instruments to them.
ERNEST L. WAITT, 278A Tremont St.
R. W. KAUFFMAN.
A. W. SHAW.
CHAS. N. VAN BDRBN.
SAN FRANCISCO OFFICE: Kohl Building.
CINCINNATI, o . :
LONDON, ENGLAND:
NINA PUGH-SMITH.
69 Baslnghall St., E. C.
W. Lionel Sturdy, Manager.
Published Every Saturday at 1 Madison Avenue* New York.
Entered at the New York Post Office ms Second Class Matter.
SUBSCRIPTION. (Including poitage), United States, Mexico, and Canada, $2.00 per
year; all otber countries, $4.00.
ADVERTISEMENTS. $2.00 per inch, alngle column, per Insertion. On quarterly or
yearly contracts a special discount Is allowed. Adrertislnc Pages, $50.00; opposite
reading matter, $75.00.
REMITTANCES, in otber than currency form, should be made payable to Bdward
Lyman Bill.
Directory ol PI—o 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
in and Prim
Paris Exposition, 1900 Silver MedaZ.Charleston Exposition, 1902
Diploma.Pan-American Exposition, 1901 Gold Medal..St. Louis Exposition, 1904
Oold Me
LONG DISTANCE TELEPHONE—NUMBER 174S GRAMERCY
Cable address: "Elblll N e w York."
NEW
Y ^ R K T ^ C E M B E R 29, 1906
EDITORIAL
"So mag the New Year !>e a happy one
to you, happy to many more whose happi-
ness depends on you!—So may each year
l)c happier than the last."—Dlcfcens.
L
OOKING backward over the year which is about to close, it
must be admitted that in every respect it has been remark-
able. The record of the volume of business which has been trans-
acted during the past twelve months has smashed all previous
records. There have been no dull times in evidence since the be-
ginning of the year, and everyone, manufacturer, farmer, merchant
and workman, has profited by the good times which have been
generally diffused throughout all America. Through the rich bless-
ings of Nature the farmer has become a plutocrat almost, for the
great agricultural yield reaches figures which add to the wealth of
the country at almost a phenomenal rate, and are positively be-
wildering when we scan the total.
The yield from mines, too, has been generous, and so great has
been the absorptive pow T er of this country that manufacturers in all
lines have run their plants to the utmost of their productive capac-
ity in order to keep pace with the orders which have come pouring
in upon them.
W
HEN statistics are furnished, for the manufacturing record
of the year, they will be surprising in every branch of in-
dustry, because there seems to be no manufactured article which
has not been in great demand during the past twelve months. The
iron industry, which might be termed the barometer of trade, indi-
cates a condition of trade of such magnitude that the manufacturers
have been unable to keep in sight of their orders. The same condi-
tions exist in.kindred industries, and probably there is no year since
America became a manufacturing country when the books will
show as many unfilled orders January i as will be on hand when
we enter the new year. That means that we will start in 1907 with
plenty of business on hand to keep the wheels of industry spinning
round at a rapid rate.
W
E must certainly get adjusted to the resistless move to higher
prices, because in the estimate of experts, the era of high
prices will remain for some time to come. There is nothing on
the trade horizon to indicate that there will be a downfall from the
present range of prices which exists in all trades. On the con-
trary, it is believed by man}- that the trend is steadily upward, that
we have not yet reached the apex.
• '
There are some who say that there have been plenty of years in
which the profits to manufacturers have been much larger than
during 1906. It is true that the year will go down in the. history
of this trade as one remarkable for the range of high prices in raw
materials.
T
HE problems which confront piano manufacturers, however,
are not materially different than in many other trades. There
are some who are more independent, particularly those who supply
raw materials, and others who absolutely control a particular in-
dustry who can mark up their products without the slightest hesi-
tancy, or even feel inclined to vouchsafe an explanation to their
customers. The price problem is certainly an important one, and
one which is of vital interest to every manufacturer and dealer, and
no doubt a good many have been selling pianos on the slimmest
possible margin. There is really no good reason why any man
should do business in such times as these on a slender profit. The
general conditions were never as prosperous, and the hundreds of
millions which have been added to the payrolls of the great corpo-
rations means a larger purchasing power, and if individuals or
corporations cannot make headway in such times as these, they
may as well admit that they are out of the race, because they surely
will be ground out of sight with the fierce competition which is
bound to become more and more accentuated with the passing of
the years.
T
HE great piano producing factories are run on a finer system
than ever before, and jack-knife methods can no longer suc-
ceed in this industry. A man who does not watch absolutely the
cost of everything which enters into a piano and who sells on a
haphazard basis will not be long in the fight. It requires the exer-
cising of constant care, great vigilance and the closest supervision
to carry on manufacturing and business enterprises successfully.
Trade should be run with absolute precision along systematic lines;
in that way only can permanent success be had.
I
T is all very well to class pianomaking as an art industry; it is
in one sense, but when w r e come to figure up the entire total
of pianos manufactured this year, 265,000, it must be admitted at
once that the distinctly art creations do not reach a large figure
when compared with the total. Therefore, the industry as a whole
must be treated as a business proposition, and while there are few
manufacturers who are proud to designate their products as art
creations—which they are rightfully—yet in the main pianomaking
is regarded as a distinctly commercial enterprise, whether or not
it is pleasant to say so.
HERE is a certain sentimentality about the old names promi-
nent in trade history, and that sentiment undoubtedly will
remain for a long period of years, but the effect of commercialism
is distinctly noticeable in the piano industry, and what is more, it
is growing; that cannot be successfully denied by those who have
watched the development of the trade, and have heard the insistent
cry for the largest value for the dollar invested.
T