Music Trade Review

Issue: 1907 Vol. 45 N. 4

Music Trade Review -- © mbsi.org, arcade-museum.com -- digitized with support from namm.org
THE
MUSIC TRADE
REVIEW
EDWARD LYMAN BILL - Editor and Proprietor
J. B. SPILLANE, Managing Editor
Executive and Reportorlal Stall:
GEO. B. KELLER,
W. H. DYKES,
P. H. THOMPSON.
EMILIE FRANCES BAUER,
L. E. BOWERS, B. BRITTAIN WILSON, WM. B. WHITE, L. J. CHAMBERLIN, A. J. NICKLIN.
BOSTON OFFICE:
CHICAGO OFFICE:
B. P. VAN HARLINGEN, 195-197 Wabash Ave.
TELEPHONES : Central 414 ; Automatic 8643.
MINNEAPOLIS and ST. PAUL:
ST. LOUIS:
ERNEST L. WAITT, 278A Tremont St
PHILADELPHIA :
R. W. KAUFFMAN.
A. W. SHAW.
SAN FRANCISCO:
CHAS. N. VAN BUREN.
S. H. GRAY, 2407 Sacramento St.
CINCINNATI. O.: NINA PUGII-SMITH.
BALTIMORE. MD.: A. ROBERT FRENCH.
LONDON. ENGLAND:
69 Basinghall St., E. C.
LESS number of men connected with the music trade industry
are booked for Europe than before for quite a number of
years. There are, of course, a number who invariably take the
rest and pleasure which comes through jaunts in Europe. There
are, however, a good many who believe that trade is going to begin
early in the fall and they wish to be at the wheel of the business
craft in order to get the most out of favorable business breezes.
Talking with a well-known member of the trade the other day,
he stated: "I believe that we are going to have a splendid fall
business. It seems to me that many of the matters which have per-
plexed our people early in the season are removed from the stage
of business doubts and while crop reports are not perhaps up to
former years yet there is every indication that the yield will be fair
and that prices will be above the average, so that the farmers them-
selves will receive more for their various crops than in former years.
I am going ahead preparing stock for the fall trade. We have been
caught every year with a shortage of pianos in the early fall and I
do not propose that the same conditions will exist this year."
A
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 and Mexico, $2.00 per year;
Canada, $3.50 ; 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, $60.00 ; opposite
reading matter, $75.00.
REMITTANCES, in other than currency form, should be made payable to Edward
Lyman KUL
Directory ol Piano
The directory of piano manufacturing firms and corporations
"
found on another page will be of great value, as a reference
Mmnlaetnrtri
f o l . 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.. . S t Louis Exposition, 1904
Gold Medal. .. .Lewis-Clark Exposition, 1905.
LONG DISTANCE TELEPHONES-NUMBERS 1745 and 1761 GRAMERCY
Connecting all Departments.
Cable address: "Elblll New York."
NEW YORK, JULY 27, 1907
EDITORIAL
W
ITH the coming- of midsummer and the greater or less in-
terruption of business caused by the vacation season, there
is less engrossing- attention being- given to the active marketing of
goods, and business houses are, as a rule, content to take care of
current trade without special efforts being put forth to extend that
trade. Occasionally our attention is called to large piano advertise-
ments appearing in the columns of local papers during the summer,
for there are many dealers who believe that it pays to advertise
when advertising will be noticed on account of the non-participation
of the many. Certainly extra advertising in the summer months
gets a prominent position in the columns of publications. Whether,
however, it has the same effect as it does during the period when
the buying fever is on is a subject on which many minds differ and
certainly the merchant who keeps pounding away at business in
season and out is the one who succeeds.
M
REVIEW
ANUFACTURING is keeping up fairly well during the sum-
mer. There are, however, some plants the owners of which
take advantage of the summer months to make good the wear and
tear resulting from the heavy pressure under which they may have
been operating during the busy period. Some of them, too, are
availing themselves of the opportunity of making improvements and
there are many cases in which there will be enlargements of plants
and addition of new machinery. Many of the factories have un-
executed orders on their books and there is little disposition to dis-
turb their present producing facilities. Some, however, are going
right ahead during the heated period piling up pianos so they will
have sufficient stock in reserve to meet the demands of the early
fall trade. There has been a decided improvement in the financial
market and more of an optimistic tone on the part of the trade.
The summer weather has been decidedly favorable for the crops
and induces hopeful view's in regard to the results of the harvest,
notwithstanding the fact that some sections will have to accept a
yield less that of recent exceptionally good years. There is, how-
ever, an improved feeling which denotes a greater business confi-
dence in the fall trade.
J
UST as predicted by The Review, John Wanamakef proposes
to use the Schomacker piano as a mail order instrument. His
initial advertisement clearly defines his policy regarding the Scho-
macker, and the question is: what effect will this new move by
Wanamaker have upon some of the other instruments which he
handles. One thing seems reasonably certain, and that is: decided
emphasis will be placed upon the piano owned solely by the great
merchant.
Presumably the Schomacker will be largely advertised and to-
day Mr. Wanamaker offers to sell the Schomacker to any purchaser
in any part of the country on the instalment plan with the Wana-
maker guarantee behind every piano. Thus territorial lines are
clearly eliminated and Wanamaker enters the field as a piano manu-
facturer controlling absolutely an old-established business and is a
free lance so far as territorial lines are concerned. There is a breezi-
ness and piquancy about the first advertisement of Wanamaker
which shows that he doesn't propose to enter into the business in
any half-hearted way. Presumably we shall hear more about the
Schomacker in one year under Wanamaker than we have in the
past twenty-five under the old regime.
W
ANAMAKER said in his advertisement appearing recently
in the Philadelphia papers and quoted in The Review of
last week: "And we shall make fair prices and terms to suit the
individual wants of customers at a distance just as we do for our
patrons in Philadelphia, so that if hereafter people buy Thump
Boxes, made by apprentice labor in the Eastern sweat shops, or
Stockyard pianos that are made by the mile and cut off into lengths
like sausages, in the West, it will not be for lack of opportunity to
buy real pianos that have borne the seal of satisfactory service for
sixty-nine years, and that bear also the warranty of the house of
John Wanamaker, which, like a Bank of England note, is current
in any part of the world."
Pianos of the "Thump box" variety of the East and West are
hit heavily by Wanamaker, and according to the advertisement he
does not intend that the Schomacker shall supplant any of the pianos
which he is at present exploiting. It would not be surprising if
Wanamaker develops an enormous mail order business for the
Schomacker piano, and, if he does, will not his success stimulate
others along similar lines?
This mail order business may develop into great proportions
under proper nurturing.
M
ORE of the high grade piano manufacturers are constantly
swinging into line and are publishing the figures broadcast
at which their instruments may be purchased at retail. If year by
year the number of men who believe that this policy is the real key
to the one price question will demonstrate their belief by adopting
it, it will be presumed that their action will influence others so that
after a while the whole trade will swing around to one price, and
that by the manufacturer.
R. T. Cassell, of Denver, had some good things to say in his
convention contribution which are well worthy of repeating. Mr.
Cassell stated to the dealers who were assembled at Chicago:
"When we say one price, we do not mean the kind you read
about and that some of our members boast about and advertise
about—you know the kind, where a sucking babe can buy as
Music Trade Review -- © mbsi.org, arcade-museum.com -- digitized with support from namm.org
THE:
MUSIC TRADE
safely as the most expert business man. This kind of one price
system is merely for advertising purposes, and any old square or
organ can be taken at from $5 to $500, to suit the neces-
sity of the case and land the prospective buyer. When the manu-
facturer has backbone enough to fix a price on his goods and put
the dealer who handles them under bond to get that price, we will
have the one price system in practical operation and not till then.
When we do have this really one price system made by the manu-
facturer, then territorial lines become of less importance. It ap-
pears that the talking machine manufacturers have answered this
question and answered it in the affirmative. It cannot be said that
their business is not being successfully conducted, and yet they have
no territorial questions to solve, and any responsible dealer wdio can
furnish a good bond to follow their instruction in retailing the
goods, will be given an agency. Talking machines of a particular
make are the same price the world over, no trade is taken in ex-
change, no tribute paid to the commission friends, no stencils un-
loaded on an unsuspecting public, no made-to-order bargains in
second-hand machines. Eight or ten agencies for the same make
of machine in the same city, three or four competitive makes of
machines in the sanie store! This seems ridiculous to contemplate
in the piano business, does it not? Yet, there are those who believe
that if the manufacturer of pianos would humbly sit at the feet of
the manufacturers of talking machines and take a few lessons, that
a plan could be evolved which would accomplish the same thing
in the piano business, especially among the high grades and even-
tually on all grades. There are certain high grade makes to-day
that have succeeded in doing this to a certain extent, and we all
respect and honor them for it."
REVIEW
AN APPREHENSION.—"Charley," said young Mrs. Torkins, "aren't
favorite sons remarkably numerous in politics, just now?"
"Yes. What of it?"
"Nothing. Only I do hope it won't wind up in a family quarrel."
IMMUNE.—Mr. Winks (solemnly)—"A noted physician says that
deadly bacteria lurk in bank notes, and many diseases, especially small-
pox, are spread that way."
Mrs. Winks—"Mercy on us! Give me all you have. I've been vac-
cinated, you know."
THOUGHT SHE HAD HIM.—"George,"' said the young wife, sobbing
over her teacup, "you have told me an awful untruth."
"How so, my dear?" asked George, in surprise.
"Why, didn't you tell me that you went to a stag dinner the other
night?"
"Yes."
"Well, I have investigated and found that deer are out or season. So
you couldn't have had any stag for dinner at all."—Chicago News.
NATURALLY.—"Screechem was a barker in a circus once, wasn't he?"
"Yes."
"When did he give up this line of continuous talk?"
'When he married."
W
HEN a single savings bank in New York is able to an-
nounce that its deposits have reached the $100,000,000 mark
the times are surely unpropitious for the doctrine of discontent
based on the notion that great fortunes are growing at the expense
of small competences. It is also significant of the insincerity of
other complaints. We are all poorer, it is said malcontents, because prices of everything are higher. Yet surplus
incomes laid away in the Bowery Savings Bank have reached this
immense aggregate during the process of extortion. President Wood
thinks the unprecedented record just made by his bank is indicative
of continued prosperity, subsidence of speculative fever, and return
of the people to normal contentment with a fair return on their
money amply secured. The inference is not an unreasonable one.
Four per cent, is not to be sneezed at even in these times when
general securities are selling on a basis considerably higher. The
savings banks at least are probably safe from interference, and the
more the disturbance caused elsewhere the more valuable will seem
the serenity within their gates. Swelling savings bank funds are
not always an index of perfect confidence in other channels of in-
vestment, but with such indication as cited above reasons are fur-
nished why the piano business on the deferred payment plan is
good in New York. The people have the money, and instalment
payments on all lines are fairly maintained.
VERCAPITALIZATION is a serious menace to business
prosperity, and the water must be drained out of various
lines of stocks before values come down to where they should be.
The figures in Mayor McClellan's veto of the Public Utilities
bill should be impressed on the public memory. He has computed
the combined capitalization of the public service corporations
affected by this bill to be $3,322,537,916. Who believes that the
real investment of these corporations equals $1,000,000,000?
There are only seven States in the Union where the assessed
valuation of all the real estate exceeds $1,000,000,000. A billion
dollars is an enormous sum. It is greater than the whole interest-
bearing debt of the United States greater than the two years'
average wages of 1,000,000 men. It is twice the assessed property
of Chicago or St. Louis. It would rebuild thirteen Albany's. It is
four times the assessed valuation of the city of Washington, and
almost equal to the valuation of Brooklyn or Philadelphia.
Yet the capitalization is three times this, half as much as all
the buildings and the land in the five boroughs which make up New
York.
Whether the people must pay on the basis of capitalization or
on the basis of honest investment rnaJses the difference of over
O
$2,000,000,000,
Gladys (at her first violin recital)—Which is it that makes the noise—the
pic-lin or the bow?—Punch.
THE ONE ADVANTAGE.—Jiggers—"Well, how do you like living in
a flat?"
Jasgers—"Great! Splendid!"
Jiggers—"But you haven't as much room as you had in your house."
Jaggers—"That's just it—no room for my wife's relatives."
DISCOVERED.—Teacher—"Is there any connecting link between the
animal and the vegetable kingdom?"
Bright Pupil—"Yes, mum; there's hash."
TIME ALL TAKEN.—Mr. Jolly—"There's one thing I like about Miss
Barker. She never talks about anybody,"
Miss Sneerwell—"No, indeed. She spends all her time talking about
herself."—Smart Set.
NOT A SPORT.—"So an American has won the Derby! Well!"
"That's nothing. I won a silk hat on the last election myself."
INDUCIVE.—Belle (enthusiastically)—"I know that rich old fellow
who's courting Maud is a regular curmudgeon to live with, but she'll have
al] kinds of money."
Nell (dryly)—"She will, indeed, including alimony."
NOT RUDE.—A Germantown woman was not long ago watching a
workman as he put up new window fixtures in her house.
"Don't you think that you have placed those fixtures too high?" asked
she, having reference to the curtain rolls last put in place.
The workman, a stolid German, made no reply, but continued to
adjust the fixtures.
"Didn't you hear my question?" demanded the lady of the house.
"How dare you be so rude?"
Whereupon the German gulped convulsively, and then replied in the
gentlest of voices:
"I haf my mouth full of schrews, und I could not spheak till I svallow
some!"—Harper's Weekly.
INCREDIBLE.—"Was the fishing good down at the lake?"
•'Good? Say, it wa§ so bully that nobody had to lie about it!"

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