Music Trade Review

Issue: 1907 Vol. 44 N. 1

Music Trade Review -- © mbsi.org, arcade-museum.com -- digitized with support from namm.org
THE MUSIC .TRADE
REVIFW
EDWARD LYMAN BILL, - Editor and Proprietor
J. B. SPILLANE, Managing Editor
Executive and Reportorlal Staff:
QBO. B. KSLIXB.
W. N. TYLEK.
F. H. THOMPSON.
BMILIB FBANCSS BAUM.
L. BJ. BOWERS. B. BBITTAIN WILSON, Wir. B. WHITE. L. J. C H I K B I K U N . A. J. NICKLIN,
BOSTON OFFICE:
CHICAGO OFFICE:
E. P. TAN HARLINOBN, 195-197 Wabaab Are.
TELEPHONES : Central 414 ; Automatic 8643
MINNEAPOLIS a n d ST. PAUL:
ST. LOUIS:
L. WAITT, 278A Tremont St.
PHILADELPHIA :
R. W. KADFFMAN.
CHAS. N. VAN BUBBN.
A. W. SHAW.
SAN FRANCISCO: Kohl Building
CINCINNATI. O.:
LONDON, ENGLAND:
NINA PUGH-SMITH.
69 Basinghall St., E. C.
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 pottage), United States, Mexico, and Canada, 92.00 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 ; opposiLe
reading matter, $76.00.
REMITTANCES, In other than currency form, should be made payable to Bdward
yyman Bill.
Directory ol P I — o
The directory of piano manufacturing firms and corporation*
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:
found on another page will be of great ralue, as a reference
MinuUdurtri
f o r d e a l e r B a n d others.
Exposition Honors Won by The Review
brand Prix
Paris Exposition, 1900
Silver Mtfdal.Charleston Exposition, 1902
Diploma.Pan-American Exposition, 1901
Gold Medal..St. Louis Exposition, 1904
• _
Gold Afedot.Lewls-Clark Exposition, 1905
LONG DISTANCE TELEPHONE—NUMBER 1745 GRAMERCY
Cable mddresa: "Elbill N e w York."
NEW
YORK, JANUARY 5, 1907
REVIEW
will move at an accelerated pace. There is no between seasons
now in this industry, and every manufacturer realizes that the de-
mand for instruments will be continuous and ever-increasing.
With a hundred and thirty millions of dollars in dividends dis-
tributed to people in the various walks of life during the month of
January, it will mean at once a stimulus to business in every city
in the land, and with more than a hundred millions increase in the
payroll of 1907 over that of the past year will add materially to the
ability of the people to purchase what they will.
T
HERE is nothing on the business horizon to cause even the
faintest attack of pessimism. It is prosperity all about us.
It does seem deplorable that in such days of plenty and prosperity
citizens of this country should suffer cold, and hunger because of
the railroads' inability to transport sufficient supplies of fuel and
food. Piano men and all other manufacturers have suffered in-
convenience on account of the shortage of freight cars, and when
we consider the shortage of food and fuel during the cold winter
months, the condition at once reflects severely on the foresight and
ability of the managers of our great railroad systems. When farm-
ers are reduced to the necessity of burning their fences and that
because of the inability to handle grain; wheat has lain on the
ground while farmers who have attempted to dispose of their prod-
uct have been compelled to haul it back from the shipping points
to which they have taken it.
S
UCH conditions as named above of course materially injure
retail trade in sections which are so seriously affected, and it
is to be hoped that the investigation made by the Interstate Com-
merce Commission will result in fixing the responsibility of bad
railroad management which has led to such a distressing, not to
say disgraceful, state of affairs-. t
T is presumed that we will have a more elastic condition of
finances within the near future. The bill, which is before
Congress,
and which has been advocated by the American Bankers'
EDITORIAL
Association, is liable to pass.
The bill which is to be favorably reported by the committee
HE curtain has fallen upon the old year, and a mighty good
also provides that National banking associations desiring to take
year it has been, too, in every division of trade. In fact, it
out credit notes and having notes outstanding in excess of 62^2
has been a bumper twelve months of American industrial history. per cent, of their paid-up capital may redeem such excess without
Piano manufacturers and dealers have shared generously in the reference to the limitation of $3,000,000 each month now prescribed
widespread prosperity, and the industry has developed at a surpris-
by law.
ing rate. How the old timers would smile to think of turning out
The bill also provides that the National Bank guaranteed credit
in a single year 265,000 pianos. Some of them thought that piano
notes authorized by the bill may be taken out for issue without a de-
factories would be out of existence by 1907—that the demand would
posit of United States bonds, as is now required by law, the notes to
be entirely supplied, and still the industry goes on by leaps and
be of form and denomination designated by the Controller of the
bounds; probably this year the output will reach close to 300,000, if
Currency.
it does not exceed it.
F the measure is passed, as reported, every National bank which
r
I '"HE piano industry has grown steadily in importance, not only
has been in business for one year and has a surplus equal to
X in the character of its goods, but in values as well. We have
20 per cent, of its capital will be permitted to issue emergency or
ceased to wonder at a single factory turning out five thousand in-
credit currency in the sum of $37,500 for every $100,000 of its
struments annually, for now we have advanced far beyond that
capital. The amount of additional currency that will thus be
point, and we have single corporations whose piano producing power
afforded is estimated by bankers at $200,000,000.
annually reach fifteen thousand instruments. Years ago a few
It seems an absurd condition in a country so rich as this that
hundred pianos was considered a good output for a single factory,
business interests should be hampered in the slightest by a con-
but now everyone is striving for numbers. Output is slogan of
traction of currency. What a condition we would be in if the
many, and with some of the additions which are being made to
business of the country had to be conducted with actual money
factory plants, it is certain that the productive capacity will be
instead of checks and drafts as legal tenders. Nearly every manu-
vastly increased during the present year.
facturer and merchant in this country makes payments and receives
payments
in checks, thus relieving an enormous strain upon the
HERE seems to be, too, a steadily growing demand for pianos
National
currency.
If this whole system were changed about what
which keep ahead of the producing power. People outside
a
panic
almost
would
be created within a very brief time.
of the trade ask with wonder when they are told of the combined
output of the piano factories of this country in a single year, where
HE first of the year is a pretty good time for retrospective and
all of the pianos go? Who buys them? Might as well ask who
prospective views, and there is hardly a business man who
buys the watches. A watch lasts a long time, and still the factories
cannot, by close examination, discover some defects in his system,
can't produce them fast enough to supply the demand, even though
their producing capacity is enormous. We are a great country, and and the wise men will without delay take the steps necessary to
correct the deficiencies. Business must change with the times, and
with the vast purchasing power which we have, there is no limit to
sometimes a radical change is necessary in the conduct of a busi-
the possibilities of pianomaking and closely allied trades.
ness to accommodate itself to competition. A business man must
be ever at work. He can never rest upon laurels won. It is
IANOMAKERS are stocking up with supplies as rapidly as
change, constant change, which is another name for progress.
they can, which means there is going to be none of the usual
There can be no resting by the business wayside.
slackening up in January. On the contrary, the wheels of industry
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Music Trade Review -- © mbsi.org, arcade-museum.com -- digitized with support from namm.org
THE MUSIC TRADE
W
HY do some business institutions gain by leaps and bounds
while others simply plod? The former class are controlled
by men who are always receptive, and who are watchful of every
detail of their business, and are ever ready to lend an ear to the
suggestions that come from their employes, great and small, or
from any other sources. Such men inculcate the same spirit in
their more immediate assistants, and especially do they encourage
the efforts of new employes who are endeavoring to instill into the
business routine some of the ideas which they have brought with
them from their former places of employment.
In establishments of the plodding class, efforts of such new
employes generally meet with the persistent opposition from those
whose co-operation they have every right to expect. In the well
managed piano establishments suggestions are always in order, and
it means usually that a combination of ideas will bring the store
system into a perfect condition, or one which reasonably approxi-
mates that state of business bliss.
T
HERE is still a good deal to learn about piano selling, that is
successful selling, which, of course, means disposing of in-
struments at a profit and getting the money for them, and men who
have the ability to sell goods at a profit are worth good salaries
because they are rare, and we do not believe with some that piano
salesmen are overpaid. In the department stores outside of the
managers there is not required the same high degree of intelligence
that is demanded in an exclusive piano department. Hence the
salaries of piano salesmen should not be on a par with those in
department stores.
T
HE first of January is a pretty good time for every piano mer-
chant to make up his mind to do business for the new year,
and he may as well admit that whatever his competitors are doing
in the way of arousing enthusiasm is not going to hurt him. That
is, unless he permits the cobwebs to grow over his door. It is a
mistake to think that the energetic and progressive plans of one
progressive piano merchant will injure another. It is not so. The
livelier the spirit that prevails in every particular trade in any city,
the better it is for the stores located there, and if one of the big
piano stores springs a surprise which keeps the people coming their
• way, the other stores managers do not sit down and weep and
wring their hands over the piano sales that are going by them—not
much. The action of the progressive man stimulates a hustle all
along the line, and as a result more business is done.
T
HE enormous advertising of the Aeolian Co. has immeasurably
helped the general player trade of this country, and every
fairminded man will admit it. This great concern has been getting
out beautiful four-page supplements in the leading magazines; not
once, but many times; not this year, but last year, and the year
before that, and that, and so on. It has been this attractive adver-
tising of the Aeolian Co. which has aided every piano player manu-
facturer in this country.
We name the Aeolian Co. because it is conceded that this con-
cern has expended more money for publicity than any other house
in the music trade line. Good advertising and good business hustle
helps every man in the particular line of trade wherein the legiti-
mate exploitation of wares is going on. For a man to profit, how-
ever, by general publicity he must keep wideawake. We cannot
all be original, but we can do the next best thing, and take every
possible advantage of every good idea that can be easily obtained,
and it is foolish policy for a merchant to feel that because his com-
petitors are advertising largely that they will get his trade away
from him.
L
YON & HEALY have been the biggest advertisers in Chicago
for years. They have expended vast sums of money annually
in the exploitation of their various products in all kinds of mediums
—papers, magazines, railway stations, in surface and elevated cars.
Their enormous advertising does not seem to have injured other
Chicago houses; on the contrary, it has helped them, and the more
pianos and musical accessories are advertised, the better it is for
the entire trade. It stimulates activity and induces the man who
is not progressive to open up a little and spend some money in ad-
vertising, and unless he is progressive, he deserves to lose his trade.
If his values are right and his wares are reliable every music trade
merchant should relish competition. Keep alive in the new year;
don't worry about your neighbor?; they are all right. Are you?
REVIEW
I
N no year of music trade history has there been such an enor-
mous number of grand pianos put forth as during the past
year. Every piano concern manufacturing grands has been more
than busy in that special department. It requires a good deal of
space to successfully build grand pianos on a large scale, and there
are few out of the total of manufacturers who are adequately
equipped to take care of this class of trade.
We are informed, however, that a number of manufacturers
are preparing to increase their grand output by adding to their
creative facilities during the present year. The small grand is
steadily growing in popularity, and why should it not? It is a
graceful, beautiful adjunct to any home wherein placed.
A
GREAT many piano dealers during the past year have taken
on talking machines, and some .have been bitterly disap-
pointed in the results achieved. They belong to the class of men
who expect that simply placing a certain line of goods in their sales-
room will at once create a demand for them.
It is an absurdity to think that talking machines or any other
special product will sell without proper exploitation and nursing.
The piano players did not grow in favor until they received the
energizing care of specialists, and the talking machine will suffer
the same fate. The wise music dealers who have prepared special
talking machine departments and placed them under the care of
experts who have been liberal in their advertising expenditures have
been more than pleased with the results. The class of men who
have been neglectful of interest in the machines are the ones who
have been disappointed. This special business, however, has grown
and developed at an enormous rate, and the American talking ma-
chine is shipped to all lands in large numbers. The special ex-
ponent of the industry—The Talking Machine World—which is a
part of this newspaper institution, has increased its influence and
circulation at a phenomenal rate, and the manufacturers and dealers
are a unit in praising the policy of this publication and its helpful-
ness to the industry.
T
HE first national music trade show was held in Madison Square
Garden early last fall, and exhibitors who took part in this
enterprise expressed themselves as being highly pleased with the
results obtained. Perhaps the strongest evidence that can be pro-
duced in favor of the show may be found in the statement that
nearly all the exhibitors who took part the present year have se-
cured increased space for the next year's show. Some have trebled
the amount of space which they occupied this year, so that we may
expect that next year a larger, more imposing and more representa-
tive music trade show will occupy Madison Square Garden during
September. The manager, Captain Dressel, is an energetic, force-
ful man, who proposes to make the National Music Show the same
success which he has accomplished in other industries.
r
~T > HE matter of prices just now is commanding a good deal of
X attention in all parts, especially from manufacturers on
whom rests the responsibility of deciding the course to pursue in
regard to their own product. There has been a marked increase
in the cost of goods, owing to the important advances which have
taken place in the price of raw material of practically every kind,
and this increased cost is not as yet represented in the selling
price of all the manufacturers. Many of them are recognizing the
fact that if present conditions continue it will be absolutely neces-
sary to advance prices, but they have been reluctant to take this
action.
LONDON exchange, in reviewing the book, "Theory and
Practice of Pianoforte Building," recently sent out from
this office, says that it is strange indeed that a country which has
done so much for pianomaking has never put forth previous to this
a technical work, showing how to build pianos.
We were influenced by such views in preparing this publication,
and it is gratifying to know that it is being received so enthusias-
tically by members of the trade in all parts of the country. One
large dealer, in sending in an order for additional copies, writes:
"I believe that you have conferred a great favor upon the entire
trade by producing such a publication. I propose that every one
of my salesmen shall have a copy, because I believe that a man
should thoroughly understand that which he sells, particularly
when the product is so complicated as the piano."
A

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