Music Trade Review

Issue: 1911 Vol. 53 N. 9

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 Reportorial Stall:
GEO. B. KELLER,
B. BRITTAIN WILSON,
W. 11. DVKES. L. E. BOWERS,
A. J. NICKLIN,
AUGUST J. TIMPK,
W M . B. W H I T * .
BOSTON OFFICE:
CHICAGO OFFICE:
E. P. VAN HAKLIMOKN, 87 South Wabash Ave.
G. W. HKNDKRSON. 178 Tremont St.
Room 808.
Room 12.
Telephone. Central 414.
Telephone, Oxford 1775—L.
PHILADELPHIA:
MINNEAPOLIS and ST. PAUL:
ST. LOUIS:
R. W. KAUFFMAN.
ADOLF EDSTEN.
CLYDE JINNINGS
SAN FRANCISCO: S. H. GRAY. 88 First Street.
CINCINNATI. O . :
BALTIMORE. MD.:
JACOB W. WALTERS.
A. ROBERT FRENCH.
LONDON. ENGLAND: 1 Gresham Buildings, 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.
REVIEW
In the publication of trade papers the editorial, reportorial and
business forces are all brought closer together. All, to a certain
extent, are in close contact with the advertisers^—therefore the feel-
ings which are cultivated ofttimes amount to more than business
sentiment. They reach a personal basis; but even in special trades
it is rare that a client ever attempts to dictate the policy or attitude
of an editor on any particular question.
These "suggestions" and "dictations" always come from the
small man.
Some of the clients who have been with this paper for more
than thirty years have disagreed at times with its editorial policy;
but they never sought to dictate as to what that policy should be.
Our policies frequently' have cost the paper loss of patronage,
but that has not made the slightest difference with the attitude of
the editor.
No one ever questioned the sincerity of purpose back of The
Review motives.
When we commenced a national campaign against the use of
coupons, certificates, gold bonds, etc., in piano selling we were
severely criticized. Some of our clients who were personal friends
cancelled their business contracts with the paper, thus administer-
ing what they considered to be a severe rebuke to what they termed
our interference with their affairs.
Of course that was taking a narrow view of it, because never
once in our entire campaign, which lasted until the Dealers' Asso-
ciation had gone squarely on record as opposing this plan, did we
single out an individual or corporation.
We dealt with the whole proposition as one of principle and of
policy.
An important feature of thia publication is a complete sec
Music Section. tion devoted to the interests of music publishers and dealers.
We never exhibited the slightest resentment because men chose
Pill VP1* AIlli
Departments conducted by an expert wherein all ques-
to punish us for expressing our honest views. That was their affair.
• i a j u aiiu
tlons of a technical nature relating to the tuning,
Tp<*hnil*al IW>napfnu»nlc
regulating and repairing of pianos and player-pianos
Of course there are all kinds of men, who view life from all
I t X l l i l l L d l i r c p d l Illieill!). a r e d v , a i t w i t h i wl Xi b e found in another section of this
kinds of viewpoints.
paper. We also publish a number of reliable tecnnlcal works, information concerning
which will be cheerfully given upon request.
A while ago a client sent in an advertisement which included
Exposition Honors Won by The Review
the name of another client.
Grand Prim
Paris Exposition, 1900
Silver Medal. Charleston Exposition, VM2
The advertisement was rejected.
Diploma..Pan-American Exposition, 11)01
Gold Medal.. . S t Louis Exposition, .1904
Gold Medal
Lewis-Clark Exposition, 1905.
Result ?
Client incensed—contract cancelled.
LONG DISTANCE TELEPHONES—NUMBERS 4«77 and 4«78 GRAMERCY
Connecting sill Departments.
That made no difference in our policy—not the slightest.
Cable address): ** ElbfU. N e w York."
It does not affect u s ; but it shows the contracted view which
NEW YORK, SEPTEMBER 2, 1911
some men possess of the functions of a trade newspaper.
A trade press would amount to nothing if it permitted every
advertiser to do exactly as he chose.
In a little while the paper would be absolutely vapid and use-
EDITORIAL
less. It would occupy the same position as the blackmailing sheet.
It would be down and out, or possiblv might be supported by
T the recent annual convention of the Xevv York Press Asso-
some men who were willing to throw away their money simply to
ciation there was considerable discussion of the oft-repeated
aid an unfortunate publisher.
charge that newspaper policy is dominated by "big advertisers."
No; in the general shuffle, papers, like individuals, find their
It is an old cry.
true place.
Once the newspapers were all dominated by the trusts. That
They either win the respect, and retain it, of their constituency
was when Mr. Bryan was trying to discover some reason why he or they fall down to a very low estate by reason of their hold-up or
was not elected President.
characterless policies.
This "big advertiser" idea has been spread industriously by
But so far as the "big advertiser" is concerned—he is too big—
other agencies and there is no doubt many people think that a
he has too much gray matter to attempt for one moment to influence
newspaper office is a place where the voices of the "big advertisers"
unfairly or unwisely the policies of any publication.
are heard who insist that things should be done exactly to suit them.
The "big advertiser" patronizes leading publications because
While, as a matter of fact, newspapers are conducted by men
his business intelligence tells him that such papers possess a strength
who are more or less susceptible to certain conditions, there is
which is valuable to him in an advertising campaign.
seldom even ordinary association between the advertising force
The "big advertiser" wishes papers of character.
and the editorial rooms.
He is becoming more and more discriminating in his selection
The editorial department always feels that the advertising de-
of mediums.
partment regards it as a cumberer of the ground, an unproductive
He realizes that a paper which is abusive and which has a
expenditure, in a word : and the advertising department feels that
blackmailing reputation cannot be of any particular value to him.
the editorial department regards it as too greatly devoted to mate-
rial things for it to have the proper ethical outlook.
. On the contrary, when his advertisement appears therein
No great demands are made on newspapers by "big adver-
people are apt to view his advertisement with indifference—almost
tisers." On the contrary, the demands are usually made by the scorn.
small advertisers, the men who think that because they spend a little
On the other hand, he does not care to patronize papers which
money they can control the utterances of an influential publication.
are run on the eleemosynary plan, but he does prefer papers of
The big men know that a paper, whether devoted to the presen-
circulation—of standing and which are necessarily conducted on a
tation of general or special news which relates to a particular trade,
progressive basis.
is more influential when free and unhampered by any suggestions
That is the difference, and that is where the "big advertiser"
from business clients.
is showing his good sense and his excellent business judgment.
SUBSCRIPTION. (Including postage), United States and Mexico, 12.00 per year;
Canada, |8.60; all other countries, $4.00.
ADVERTISEMENTS. $2.00 per Inch, single column, per Insertion. On quarterly o<
yearly contracts a special discount is allowed. Advertising Pages, $60.00; opposite
reading matter, $75.00.
REMITTANCES.in other than currency forms, should be made, payable to Edward
Lyman Bill.
A
Music Trade Review -- © mbsi.org, arcade-museum.com -- digitized with support from namm.org
THE
MUSIC TRADE
REVIEW
Business—and Piano Selling Terms
The Outlook for Fall Business Is Good and Reports From Commercial Centers Show That Liberal
Buying Is Now in Order—The Time to Revise the Terms on Which Pianos Are Sold—
The Credits Are Too Liberal and Encourage Indifference on the Part of Merchants-
Shortening of Time Would Work Out Advantageously All Along the Line.
STUDY of the trade in various sections of the Union shows
a growing confidence on the part of .all lines of manufacturers
and merchants. •
It is a positive pleasure to note the good feeling and the daily
developments all in the line of progress and to watch the increasing
confidence among buyers who are now visiting the larger cities in
great numbers.
Pessimists are about as scarce as the dinosaur. Xot that the
visitors are enormous buyers—they are not; but they buy fairly
liberally, for most business men consider that delays are dangerous
and that buying for seasons should be as regular as clockwork.
So fall buying is progressing rapidly, and thus far in many
trades the total sales up to the present time averages 10 per cent,
greater than last year.
Of course there is no scarcity of merchandise, but the outlook
is for a good fall business; and there is no time like the present
to get in shape to make the most of trade conditions.
This applies to every line of business.
Fundamentally, the business is healthy and manufacturing and
farming conditions through the United States show the future as
one of growing promise.
In some cities wholesaling and retailing trade is reported active
right now, while, of course, in certain sections local dulness exists
on account of heat.
All, however, see the coming autumn and winter as times of
prosperity.
Special reports from Chicago show that current business condi-
tions in that city and vicinity, although not entirely satisfactory,
are considered fundamentally healthy, and the outlook gives reason
for encouragement, according to the views of local bankers and
business men.
There is a disposition to place much confidence on the later
crop reports, which puts a cheerful view on the crop situation.
The banking reports, which are based on conservative estimates
by bankers, railroad officials, businessmen and farmers, estimate the
total wheat yield at 642,000,000 bushels, as compared with about
600,000,000 based on the Government returns.
Chicago bank clearings are approximately those of a year ago.
This is taken as evidence of a strengthening business condition.
The weekly reports of the department stores indicate a freer
hand in country purchases.
The merchants are looking forward to a good autumn business.
The steel interests show an increase in orders.
In the South there is the best cotton and cereal report that that
part of the country has ever known.
In the Xorthwest the tone of business is excellent.
In fact, from all over the country come optimistic statements
.vhich should clear away the fog of despondency which has settled
lown in certain quarters.
The piano merchants of the country should show their faith
in the business situation by placing orders early.
The manufacturers will then be enabled to make their plans
iccordingly: and right now is the opportunity for reformation in
;ertain quarters regarding selling terms.
There has been a great tendency on the part of piano manufac-
turers to sell pianos on too long time.
The terms of sale have been constantly expanding to such ar.
extent that to-day they have gone beyond the reasonable limit line;
and there should be a shortening of time so that pianos will be sold
on terms which conform with the credits granted in other lines of
A
trade.
1 here has been a disposition on the part of some to reach a
ridiculous point.
In this way lhe\ have encouraged dealers to sell pianos on
absurd terms; and in this particular line there should be a speedy
trade reformation.
It can be worked out right and without injustice to any indi-
vidual, and there is no time better than the present to adjust this
important matter.
Everyone knows that the sales terms have been steadily expand-
ing in this trade, and while there are some who hold uiideviatingly
to good mercantile rules in the conduct of their business, there are
others who have thrust them aside and have created new rules in
granting credit terms.
The reckless extension of credit reacts; while admitting that
this is a credit world and a credit age, the rules governing credits
are too lax.
>
To much credit is bad for the retailer unless he happens to be
a very level-headed business man.
Unlimited credit and frequent extensions lead him to become
careless in his own collections and when the pinch comes he is
usually caught; but it does not end with him, for the man who is
carrying his paper is caught and caught badly.
It should be understood that the piano trade is not the only line
of business that suffers at times from careless or too generous
credit; but we all recognize the fact that we can draw in on the
credit line with excellent results.
It would decrease losses from failure very materially—hence,
buying too easily does not pay!
Cut down the terms granted in piano selling.
I
A great many men fool themselves by believing that a big
business constitutes success; and, there are many houses that go
down simply through doing business on paper.
1
' .
Xow, the percentage of losses from failure would be infinitesir
mal if more business intelligence were displayed in the passing
upon credits.
()f course, the piano trade is not the only line of business that
suffers from carelessness or too generous credit.
Other trades have their own troubles; but, we are not directly
interested in what surrounds any other line of trade but the piano
industry, for that is close to us at all times.
We have pointed out at various times the danger of too liberal
selling terms, and then in some cases the giving of notes does not
mean an obligation to pay at the time indicated on the documents,
but it may mean any indefinite time away off in the shadowy
future.
A business to be profitable should be conducted on systematic,
careful lines, and there is no better time than the present to remodel
the whole credit system.
Make it so reliable that the structure will stand strain and
stress of any kind of weather which may be encountered. Make
it bomb-proof, even.
I Jut, it should be understood that long selling terms are not
an indication of good business stability.
They are on the other hand an indication of weakness, and these
are not the times to show weakness. There are plenty of evils
which creep into any industry, but there is nothing which affects a
business in a more vital manner than that of credit.
It affects the manufacturer and the retailer—in fact, the whole
svstem.

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