Music Trade Review

Issue: 1908 Vol. 46 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. SPHXANE, Managing Editor
Executive and Reportorlal Staff:
On). B. KMT.T.iiit,
L. B. BOWHBS,
W. H. DYKES,
F. H. THOMPSON.
J. HAYDEN CLARENDON.
B. BBITTAIN WILSON,
L. J. CHAMBEBLIN,
A. J. NICILIN.
BOSTON OFFICE:
CHICAGO OFFICE:
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Published Every Saturday at 1 Madison Avenue, New York
Entered at the New York Post Office ms Second Class Matter.
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ADVERTISEMENTS, $2.00 per Inch, single column, per Insertion. On quarterly or
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REMITTANCES, In other than currency form, should be made payable to Edward
Lyman Bill.
_^
D l r — f r y ol PI—o
The directory of piano manufacturing firms and corporations
~
~ ~
found on another page will be of great value, as a reference
m m u c l n r t r i
f o r dealers and others.
Exposition Honors Won by The Review
Grand Prim
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 4677 and 4678 GRAMERCY
Connecting all Department*.
Cable address: "ElblU New York."
NEW
YORK, JANUARY 25, 1908
EDITORIAL
B
USINESS conditions are steadily improving and while there
may not be at the present time the buoyancy in financial
matters which we desire yet indications are not wanting of the
early return of normal conditions in the financial world. Not-
withstanding the large sums paid out in connection with disburse-
ments of record-breaking volume, which took place at the end of
the year, the deficit which for some weeks has prevailed in the
reserves of the New York banks has been eliminated. The end of
the premium on currency has already been reached and rates of
money are now lower than at any time since the close of October.
The action of the banks of England and France has been reflected
in the lowered money rates of this country. The numerous out
of town banks which by a statement asked for by the Controller
of Currency were shown to be among the chief hoarders of cur-
rency have either realized their responsibility in this direction or
have come to the conclusion that there is no need for this action
on their part and in consequence have placed the idle funds in
circulation. In a number of places banks have removed from their
checks the stamped notices which permit their payment through
clearing houses only and this action is in line with the policy which
the New York banks have for some time pursued of making all
payments in cash whenever it has been required.
REVIEW
blame great speculation, others attribute the whole trouble to
Roosevelt and are never tired of saying that the President himself
called the panic into existence through his platform talks on great
corporations and malefactors of great wealth. Of course, each
particular theorist or doctor believes that he has solved the reason
for the panic. Many of these theories may. be correct because they
all may have played some part in bringing about the panic. Still
if we improve, our currency and remedy our stock issues to the
greatest possible extent yet will there not be even then a recurrence
of financial and industrial crises from time to time?
E
CONOMISTS may figure all sorts of panaceas and explana-
tions, but it seems back of all these theories there is a
peculiar element in human nature which should be considered.
When prices are going up there is a great opportunity to profit by
speculation, the gambling spirit is aroused and men are prone to
speculate. It may not be all in stocks or bonds, but just the same
in real estate and in business they gamble to the extent of taking
big chances in anticipating continued prosperity. When the
gambling instinct reaches the point' where a large proportion of the
population attempts to live without producing then it's time to
whistle "down brakes," for there's sure to be trouble ahead.
Speculation, if carried far enough, results in a crisis and depres-
sion. It may be of long or short duration, but these conditions
are bound to occur, brought about, to our minds through the
gambling instinct which lurks in a greater or lesser degree in the
average human breast. All of these other points named by econo-
mists may of course be contributing factors.
We probably will have a new flood of theories every month
until things are adjusted, but as a matter of fact the number of
men who clearly predicted the last panic were very few indeed.
William J. Bryan, who is getting in shape for his third run for the
Presidency, was not one of those who believed in the panic. He
stated in his paper, The Commoner, no later than last August,
"there is no danger of a panic. Those who are predicting it over-
look the fact that the world's volume of money is increasing.
Rising prices follow an increase in currency and it is impossible
to have a general panic when prices are rising." Taken all in all
the financial problem is a pretty difficult one for anyone to suc-
cessfully solve.
A
DEALER, commenting upon an article which appeared in
last week's Review anent the value of attractively fitted up
warerooms as a selling force, stated: "I believe that it's a subject
which a trade publication should advocate. My experience has
been identical with that of the gentleman named in your article.
Years ago I did not believe in putting any special amount of money
in wareroom betterment, it seemed cash wasted, but I thought I
would try it out on a new plan and the results have been more
than pleasing to me. I believe sales are easier made in warerooms
where the surroundings are harmonious and attractive than in dull,
dingy places where the stock does not show to good advantage."
No doubt of it. An unattractive wareroom has a depressing
effect upon callers and every man who relies upon retail pur-
chasers for patronage should figure that they can be best served
by having his wares shown with attractive environments. It gen-
erally will be found that in dingy warerooms the stock itself is
poorly kept, the pianos are liable to be covered with dust and not
arranged in a way to interest and hold the attention of customers.
Recently we were in a wareroom of a Southern dealer who com-
plained bitterly of the falling off of his trade. The reason for the
reduction in business to our mind was clear and could not be
charged up to the panic. His stock was kept in a most shocking
manner. Pianos were placed so close together that it was like
walking through a lane to go by them. They were so covered
IEWING the situation broadly it presents many grounds for
with dust that in entering the store and walking back to the office
encouragement to business men no matter in what section of
to pay her account a lady's wraps were completely covered with
the country they may be located. Now that the panic is over and
dust which came from the pianos which she had to squeeze by in
its effects rapidly passing nearly all of the economists and theorists
order to get to the office. Small wonder that the man complained
have been anxious to tell us why the panic came and what would
have prevented it. Never were doctors less agreed either as to of loss of trade. It was surprising that he retained any.
the cause or remedies for the disease. Some blame the tariff,
N direct contrast was the store of an adjoining dealer who was
others say that the great loss of capital in the Russian and Japanese
in a most optimistic frame of mind and stated that notwith-
wars, the California earthquake and great fires have been creators
of the trouble. Others say the panic is due to the peculiar con- standing the panic he had closed an excellent .year's trade, in fact,
his business reports showed an increase of 30 per cent, over 1906.
ditions, notably an unsound banking system and lack of confidence
Comparing the two establishments it would not take long to figure
jn banking and overwatered corporations. Still other theorists
V
T
Music Trade Review -- © mbsi.org, arcade-museum.com -- digitized with support from namm.org
THE: MUSIC TRADE
why the public should gravitate to one store in preference to the
other.
The successful merchant had a bright, beautifully arranged
wareroom, not expensively fitted up, but good taste was evidenced
in the decorative effects. He had small show rooms where pianos
could be displayed to customers without fear of outside interruption.
There were pictures on the walls and a warm cheerful effect
throughout the establishment which seemed to bid the visitor wel-
come. The stock was well kept and was arranged in a manner to
show to the best possible advantage. One man will go on and
increase his business this year—the next, and thereafter waxing
more and more powerful. The other man will unquestionably fall
behind unless he reads this editorial in The Review, takes it to
himself, and mends his ways.
When you come to analyze conditions it's easy to tell why
some men succeed and others fall behind. And these people credit
everything to luck!
NOTHER point—the proper use of a show window is one of
the best advertising mediums at command of the retailer
and yet curiously enough it seems to be the least appreciated.
Many retailers have not learned the true value of a show window,
for many of them seem to think it only a place which must be filled
up 1 with something, old junk, as it were, unattractive instruments,
using it as a storage reservoir rather than as a vantage point for
display.
Let us take a leaf out of a book of a department store man
and see what it says. Did you ever pass by an up-to-date depart-
ment store window without feeling impelled to stop and examine
some of the beautiful displays shown therein. A big store goes even
to the length of employing high priced window decorators who
devote much time and thought getting up an attractive window
display and some of these stores spend vast sums of money annually
alone on window displays. It pays them or they would not con-
tinue to do this year after year, because when there is a special
stock shown or displayed in the window of a department store and
it does not result in increased sales in the department to which
the display belongs it is not continued, because the department
store men are looking for immediate results.
A
W
HEN you think of the number of people who pass during
the selling hours before a show window it does not take
long to figure out that it has a large advertising value for the
proprietor of the store. It may be said that it is impossible to
create a large variation of window displays in the music trade.
Did you ever see unattractive window display in Lyon & Healy's?
Did you ever pass that great establishment without noting some-
thing in the windows which caused the people to stop and take
notice? As a matter of fact there is no line of merchandise of
which attractive window display may not be made. There are so
many things on the border line of the music trade which may be
worked in harmoniously as an attractive window display which
will draw people into the store and make the business establishment
talked about and give the people added knowledge about the musical
instruments which they sell.
A case in point: At the Regina Co.'s retail warerooms in this
city on Broadway and 17th street during Christmas a number of
Teddy bears were placed on the revolving discs of talking ma-
chines. Some of these bears were arranged in a most affectionate
attitude embracing each other. When a number of these little
animals were revolving on the discs of the machines crowds, would
stop and watch them with interest and young and old would stop
to laugh at the revolving images. Many of them would go in the
store and make purchases. Whether they were attracted by the
Te-ddy bears or not it is a fact that the Regina holiday trade was
most satisfactory. Some little bit of life in a window is attractive;
if lit provokes a laugh or causes a comment, so much the better,
for it constitutes good advertising.
; Good advertising and good window display as an aid to busi-
ness should be carefully considered by every man engaged in trade.
Nothing should be overlooked which can be a contributing factor
to [business success, and it will 'be seen that most successful business
men throughout the country have realized the advantage of all kinds
of advertising and just now when business requires every legiti-
mate stimulus high pressure should be maintained.
REVIEW
Good luck is more apt to cling to the coat-tails of the man who fights
than to those of the man who quits.
There are more people who think they can run a newspaper success-
fully than there are mosquitoes in Jersey.
NOT THE WEATHER.—Tom—Why don't you call on Miss Caysh?
Dick—Too cold.
Tom—Nonsense! The weather has nothing to do with
I
Dick—You misunderstand me. I mean she invited me not to.
ROOM TO WORK.—Stubb—Yes, that gentleman says the more open-
faced a man is the better he likes him.
Penn—Indeed! Is he a minister?
Stubb—No, he is a dentist.
A NATURE FAKE—"What's this?" yelled the star. "Green snow? I
won't stand for it."
"You'll have to," retorted the manager. "White paper is so high that I
told the property man to tear up a few stock certificates."
NEEDED BOTH—"Oh, my!" exclaimed the excited woman who had
mislaid her husband. "I'm looking for a small man with one eye."
"Well, ma'am," replied the polite floor-walker, "if he's a very small
man you'd better use both eyes."
"How are you, Mr. Jones, this inclement weather?" asked Mrs. Jones
of the persistent piano salesman.
"Just managing to keep out of the undertaker's hands."
"Oh, I am sorry to hear that."
"Your case," remarked the piano salesman to the reluctant customer,
who said he was in a rush, "reminds me of a dog my uncle possessed out on
the ranch. He would start running around the rain barrel very slowly
and would increase his speed until he was finally running so fast that
about every third lap he had to jump over himself." He clinched the sale
right then and there.
HER LIMITATIONS.—"These pianos look too cheap," said the young
woman of Cleveland with the picture hat, her eyebrows contracting slightly.
"Show me some of the best you've got."
"Yes, ma'am," said the salesman. "May I ask how high you care to
go?"
"Me? Oh, I only go to G, but I want one with all the octaves just
the same."
MOTHER—I am sorry to hear that Tommy Waffles tied a kettle to the
poor dog's tail. You wouldn't do such a thing, would you?
BOBBY (with conscious moral superiority)—No, indeed, mother!
MOTHER—Why didn't you stop him, Bobby?
BOBBY—I couldn't mother: I was holding the dog.
NAVAL CONFLICT.—The rear admiral and the naval surgeon glared
at each other. "I suppose," said the old sea dog, with a sneer, "you'd like
to have the 12-inch guns loaded with pills and the powder dissolved in a
little water. You'd want to put a mustard plaster on the sides of a battle-
ship and swab its decks with liniment."
At this moment there arrived ten conflicting orders from an equal
number of bureaus, and in the ensuing confusion there was no time for
reply.
WHY THEY WERE SOILED.—Although the tramp had seen a great
deal of life, he was no judge of character; otherwise he would never
have said what he did to Miss Cornelia Hawkins. When she said that
she would give him a good dinner if he would saw and split wood enough
to pay for it, he attempted to appeal to her sympathy.
"Madam," he replied, sadly, "I'd be glad to saw and split the wood,
I'd be glad to do anything, but I'm not physically strong. I have a weak
heart, madam, and I have to look out for it. You see, I carry my life
in my hands, as it were," he said, with what was meant for a wan,
pathetic smile.
"Indeed," and Miss Hawkins gave an incredulous sniff as she glanced
at the palms outstretched for aid. "I suppose that's the reason you don't
wash 'em—for fear of getting drowned?"—Youth's Companion.
AN ATTENTIVE MASTER.—"Speaking of dogs," remarked Paul
Shoup, assistant general passenger agent of the Southern Pacific, "my
little boy was presented with a collie. The puppy did not take very
kindly to his strange surroundings at first, and the boy was very anxious
to please the dog. One evening when I got home I heard some complaint
from the kitchen that 'this is the second time it has been stolen off the
back porch?'
•;•
'"What has been stolen?' I inquired.
" 'Oh, some vegetables.'
" 'Oh, pshaw,' I said, 'Who'd steal a few vegetables when there were
better things within easy reach?'
"'Say,' exclaimed the boy, trudging in, 'come and see my collie. He
likes me fine now, 'cause I fix up his house with collie flowers.'"

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