Music Trade Review

Issue: 1920 Vol. 70 N. 18

Music Trade Review -- © mbsi.org, arcade-museum.com -- digitized with support from namm.org
THE
MUSIC TIRADE
VOL. LXX. No. 18
Published Every Saturday by Edward Lyman BUI, Inc., at 373 4th Ave., New York.
May 1, 1920
Single Copies 10 Cents
$*.00 Per Tear
Wanted: the General Music Store
D
URING the past months more than one piano merchant dealing in pianos and players exclusively has
pondered over ways and means for meeting his overhead expenses and for keeping his salesmen busy
at least part of the time, that they might earn a fair portion of their salaries and that he might
incidentally realize a reasonable profit out of his business. It is true that the merchant has been getting
more for his pianos than ever before, and getting more for them in cash, but at the same time the wholesale
prices of pianos have advanced, general expenses have increased, and to cap it all the proportion of instruments
he has been able to get from the factory has enabled him to satisfy only a portion of the existent demand.
Large wareroom space and selling facilities mean little or nothing except expense, unless they are utilized
completely and to advantage. An empty storeroom, or wareroom, or an idle salesman, means a substantial
dent in the profit average. That this fact has been realized by the retail trade is evidenced by their anxiety to
get goods and more goods, and to eliminate waste so far as possible in the conduct of their affairs. The reason
that many piano retailers accomplished so little in bringing about a readjustment to the new conditions has
been that these retailers could not lose sight of the fact that they were and had been exclusive piano merchants,
and simply clung to that idea in all their plans for business adjustment and development.
For some time past there has been carried on a definite, although not very formidable, campaign for the
creation of general music stores throughout the country—for the expanding of exclusive piano dealers into
full-fledged music merchants. Even the name of the national association was changed from "piano" to "music"
merchants in order to place all the various and sundry interests of the retail trade on a common basis. What is
needed now is some definite action along the line of making the general music store a factor in the trade.
The piano merchant already has more or less commodious quarters and an organized sales force. It is
the most logical thing in the world to utilize any vacant space for the display and sale of musical lines other
than pianos. It is true that the majority of merchants now handle talking machines and records to some
extent, at least, but with space and sales force available it requires only a comparatively limited outlay of
capital to establish a musical merchandise department, and with it perhaps a sheet music department, which,
properly conducted, will result in a capital turnover that is regular and profitable.
The conduct of a general music store is not in any sense an emergency measure to meet existing conditions,
but it is good business from a publicity standpoint. Many a small town music merchant has made his store a
musical center through the fact that he was able to supply practically every musical need, from a jew's-harp to
a grand piano, and it is quite possible for merchants who now confine themselves exclusively to pianos, and
even talking machines, to accomplish a similar result.
The purchaser of a violin string or ukulele to-day may be the prospect for a sale of a piano or talking
machine to-morrow, and the fact that he has established contact with a certain store means that he is most
likely to go there or at least give it consideration when planning further purchases. The youngster who visits
the dealer to purchase a quarter harmonica can likewise be developed into a permanent customer. The exclusive
piano store can make an appeal to a customer only about once in a lifetime, and depends for success upon the
constant building up of new trade. The general music store makes an appeal to the same 'customer several
times during each year, and where records, rolls, musical merchandise, sheet music and supplies are sold, it
is likely to become the accepted center for the fulfilment of such requirements. A representative stock of
musical merchandise, for instance, can be installed at the cost of a piano or two that cannot be obtained from
the factory immediately, and the turnover from the stock will very likely provide the money for that same
piano when it is ready for delivery.
Economy in time and space and the elimination of waste in those factors is quite as important as economy
in other directions, for it is. the sort of economy that maintains and in fact adds to profits.
Music Trade Review -- © mbsi.org, arcade-museum.com -- digitized with support from namm.org
THE
MUSIC
TRADE
RMLW
• -. PUBLISHED BY EDWARD LYMAN BILL, Inc.
President and Treasurer, C. L. Bill, 373 Fourth Ave., New York; Vice-President,
. B. Spillane, 373 Fourth Ave., New York; Second Vice-President, Raymond Bill, 373
""ourth Ave., New York; Assistant Treasurer, Wm. A. Low.
fc
J. B. SPILLANE, Editor
RAYMOND BILL, B. B. WILSON, Associate Editors
WILSON D. BUSH, Managing Editor
CARLETON CHACE, Business Manager
Executive and Reportorlal Staff
V. D. WALSH, W M . BKAID W H I T S (Technical Editor), E. B. MUNCH,
L. M. ROBINSON,
C. A. LEONARD, EDWARD LYMAN BILL, SCOTT KINGWILL, THOS. W. BRESNAHAN, A. J.
NICKLIN, L. E. BOWERS
W E S T E R N DIVISION:
BOSTON OFFICE:
Republic Bldg., 209 So. State St., Chicago.
JOHN H. WILSON, 324 Washington St.
Telephone. Wabash 5774.
Telephone, Main 6950.
LONDON, ENGLAND: 1 Greshatn Buildings, Basingball St., D. C.
, NEWS SERVICE IS SUPPLIED WEEKLY BY OUR CORRESPONDENTS
LOCATED I N T H E LEADING CITIES THROUGHOUT AMERICA.
REVIEW
MAY
1, 1920
facturer for whom he is agent. If the American manufacturer feels
that he can devote twenty-five per cent of his output to export trade
let him make that a definite figure and set aside that twenty-five
per cent regardless of any curtailment in factory output. If 100
pianos are made during the month, twenty-five of them should be
allotted to the foreign markets. If the production drops to sixty per
month then there should be fifteen for foreign markets, and so on.
The whole thought is that foreign trade, if developed at all, should
be developed on a consistent, businesslike basis, and the require-
ments of the foreign representatives should receive the same con-
sideration as is accorded the needs of domestic agents.
In the opinion of Mr. Steele much of the success of Americans
in the foreign markets in the future will depend upon the giving of
definite consideration to supplying the requirements of their foreign
representatives and seeing to it that they are never without stock,
if stock is at all available.
THE NEED FOR ACCURATE STATISTICS
A
SSOCIATION work and the co-operative spirit upon which it is
based cannot be maintained successfully unless there is present
and in evidence a spirit of genuine confidence. Association members
elect officers and committee members to represent them in various
Published Every Saturday at 373 Fourth Avenue, New York
fields of work in and out of the trade and in order to make the
Entered as second-class matter September 10, 1892, at the post office at New York, N. Y.,
under the Act of March 3, 1879.
efforts of these officers and committeemen effective the Association
SUBSCRIPTION (including postage), United States and Mexico, $2.00 per year;
members must support them and extend to them the confidence
Canada, $3.50; all other countries. $5.00.
ADVERTISEMENTS, $6.00 per inch single column, per insertion. On quarterly or
that their election or appointment entitles them to expect and
yearly contracts a special discount is allowed. Advertising pages, $150.
REMITTANCES, in other than currency forms, should be made payable to Edward
in
fact demand.
Lyman Bill, Inc.
It is upon the confidence of the trade particularly that the Music
Departments conducted by an expert wherein all ques
anil
ailll
tions of a technical nature relating to the tuning,
Industries
Chamber of Commerce depends for the success of the
regulating and repairing of pianos and player-pianos
p
are dealt with, wilj be found in another section of
several
undertakings
into which it has entered. To act as qualified
this paper. We also publish a number of reliable technical works, information concerning
which will be cheerfully given upon request.
representatives of the music industry, the Chamber of Commerce
Exposition Honors Won by The Review
officers must have at hand exhaustive and at the same time author-
Grand Prix....
Paris Exposition, 1900 Silver Medal.. .Charleston Exposition, 1902
itative
information regarding the trade, information that will permit
Diploma. ...Pan-American Exposition, 1901 Gold Medal
S t Louis Exposition, 1904
Gold Medal—Lewis-Clark Exposition, 1905
of the compiling of definite statistics.
LONG DISTANCE TELEPHONES—NUMBERS 6982—o»8t MADISON 8Q.
It is regrettable to say that some past efforts to secure detailed
, Connecting; all Departments
Cable address: "ElblU, New York"
information from certain elements in the trade have failed because
of an apparent lack of confidence, or at least of genuine interest.
No. 18
Vol. LXX
NEW YORK, MAY 1, 1920
If the work of the Chamber of Commerce and the organizations
affiliated with it is to be more effective the individual members of the
THE COMING CONVENTION OF SUPPLY MEN
trade must be ready and willing to answer inquiries freely and
N increasing amount of interest is being displayed in the plans
accurately. The information thus received is not spread broadcast,
for the convention of the supply trades to be held at the Hotel
but is deposited in the archives of the Chamber and is made available
Commodore, New York, on May 20th and 21st. This interest has
only to the authorized members of the Chamber's staff.
been due largely to the excellent constructive work of the committee
The music industry has been woefully lacking in statistics, a
in charge of framing a program upon which supply men could work
fact that was emphasized particularly during the dark period of the
with a view to making their organization both an active and a
war, and the efforts of the Chamber of Commerce to overcome this
helpful factor among trade bodies.
condition and to collect facts regarding the industry in all its various
The subjects named by the committee for consideration at the
phases, for present and future use, should meet with a prompt
convention, among them "Credits," "Standardization," and "The
and ready response.
Use of American Made Supplies," are not only of interest but are
of distinct importance and are broad enough in their scope to demand
BETTER BUSINESS METHODS
and warrant the consideration and support of the piano manufac-
USINESS to-day, whether manufacturing, wholesaling or re-
turers and the other factors in the trade, who will likely profit with
tailing, cannot be conducted on a hit-or-miss plan, and mem-
the supply men as a result of any action taken on any of the three
bers of this trade are becoming cognizant of this fact. Suc-
matters. The work that has been done towards reviving the Supply
cess depends in a large measure upon the adoption of a definite
Association by the officers of the Music Industries Chamber of
plan for the conduct of the business during the year, and the hold-
Commerce affords a welcome indication of the constructive lines
ing to that plan consistently and earnestly. It means the working
along which that central trade body is now working.
together of every department of the organization to a common end
and along given lines.
PROPER CONSIDERATION FOR EXPORT TRADE
This matter of business planning has brought with it the holding
MERICAN manufacturers of pianos who are now engaged in
of regular meetings of sales and manufacturing organizations in
export trade, or who contemplate entering the field, should give
order that a program may be outlined so that each individual and
deep thought to the advice offered by W. F. G. Steele, manager of
department may know just what is expected of both him and them
the Melbourne, Australia, branch of the Aeolian Co., that they put
in relation to the campaign as a whole. These get-together meet-
their export trade on a businesslike basis by setting aside for the use ings serve two purposes. First, they acquaint every one in the
of their foreign representatives a definite proportion of their factory
organization with just what is to be done, and, second, permit of a
output.
better acquaintance among the individuals of the organization.
It is unquestionably true that a certain number of manufac-
The days of playing men and departments against each other, on
turers have regarded the foreign field as more or less of a dumping
the theory that a rivalry thus encouraged would serve to stimulate
ground for excess production, and where it was planned to make
business, have gone by the board. Rivalry is still encouraged, but
the foreign trade a definite factor in the business the allotment for
it is not secret rivalry. It is a healthful competition for greater
that market was made contingent upon domestic demands.
results, carried on with a full knowledge of what the other fellow
If the foreign representative is worth while he should be
is doing. Institutions which hold the most successful meetings of
supplied with instruments regularly and consistently, -for if he is iheir forces seem somehow or other to enjoy the most successful
without stock his business suffers and so does that .of the manu-
businesses, and it cannot be accidental.
A
B
A

Download Page 3: PDF File | Image

Download Page 4 PDF File | Image

Future scanning projects are planned by the International Arcade Museum Library (IAML).

Pro Tip: You can flip pages on the issue easily by using the left and right arrow keys on your keyboard.