Music Trade Review

Issue: 1920 Vol. 71 N. 7

Music Trade Review -- © mbsi.org, arcade-museum.com -- digitized with support from namm.org
THE
REVIEW
fflJJIC TIRADE
VOL. LXX1.
No. 7
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Published Every Saturday by Edward Lyman Bill, Inc., at 373 4th Ave., New York. Aug. 14, 1920
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RESENT conditions in the music trade, while not warranting extravagant optimism, still give little rea-
son for a pessimistic attitude. The immediate necessity is a clear understanding of the various factors
which influence the industry, plus a constant remembrance of the fact that the United States is funda-
mentally sound both industrially and financially.
There is no question but that the special discount sales of clothing and other seasonable commodities
which have been sweeping the country during the past couple of months have had a bad effect upon the public
mind, but the effect cannot be permanent and will wear away as soon as the actual conditions are recognized.
The public has been led to believe through special propaganda with self-interest as its basis that there
was a break in high post-war prices, and that this break would extend through all channels of trade.
The
propagandists, however, have neglected to inform the public that the broken prices were those on goods which
represented inflated valuations—goods in which, in the majority of cases, there was to be found the handiwork
of the profiteer—the man who worked upon the basis of getting all that traffic would bear.
This charge of profiteering and of unduly inflated prices cannot rest against the music industry as a
whole. There is yet to be brought to light any particular instance where a musical instrument manufacturer
has advanced prices out of proportion to the increased production costs. There being no inflation, it is logical
that there can be no deflation. Relief will come only when legitimate manufacturing costs take a tumble all
along the line, and the prospects in that direction are meager.
The real danger to the industry is the retailer who, finding that he now has a few more instruments on
his floors than he lrad at the corresponding period last year, sees some neighboring department store featuring
a "twenty per cent off" sale, and immediately gets the impression trjat business is falling behind—that the public
is hesitating about buying, and that he must offer cut prices, or long terms, to sell his stock. Such a move, in-
stead of improving conditions, simply tends to aggravate the situation. If the panicky dealer will compare his
business for this year with the volume he handled during the corresponding period last year he will find that
he has equaled, and in most cases exceeded, last year's record.
The music dealer or the business man in any other line who confines his thoughts to his own business
and draws his conclusions regarding conditions from the situation as he finds it in his own particular field is
not so likely to be perturbed as the man who, reading that the woolen trade, for instance, is 'not very active, and
that some stocks have gone down, immediately sees horrifying visions of disaster.
Piano and music dealers who have liberal stocks of musical instruments on their floors are really to be
congratulated, for they are protected in some measure against increased freight charges, and in some cases
against higher wholesale prices that are already talked of. A substantial stock affords opportunity for sell-
ing goods with the knowledge that the instruments can be delivered from stock, and that the sale will thus
prove bona fide. As many music merchants know, it is not pleasant to live in fear that several customers may
become tired of waiting for the delivery of instruments which they have ordered from sample or catalog, and
do their buying elsewhere.
The cry for many months past has been for stock. There have been many statements regarding what
might have been accomplished had sufficient instruments been available. With stocks now obtainable in fair
measure there is no reason why every effort should not be put into getting as many instruments as possible into
the warerooms as a purely businesslike, protective measure. Any business disturbance in the Fall is more
liable to result from inability to get goods promptly than from inability to sell the instruments received.
Present conditions call for the clear thinker—the man who can see and understand conditions as they
are, and can appreciate the soundness of the country and of the industry.
Music Trade Review -- © mbsi.org, arcade-museum.com -- digitized with support from namm.org
THE MUSIC TRADE REVIEW
RMEW
PUBLISHED BY EDWARD LYMAN BILL, Inc.
President and Treasurer, C. L. Bill, 373 Fourth Ave., New York; Vice-President,
J. B. Spillane, 373 Fourth Aye., New York; Second Vice-President, Raymond Bill, 373
Fourth Ave., New York; Assistant Treasurer, Wm. A. Low.
J. B. SPILLANE, Editor
RAYMOND BILL, B. B. WILSON, Associate Editors
WILSON D. BUSH, Managing Editor
CARLETON CHACE, Business Manager
Executive and Reportorial Stall
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Published Every Saturday at 373 Fourth Avenue, New York
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under the Act of March 3, 1879.
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Lyman Bill, Inc.
Departments conducted by an expert wherein all ques-
Player-Piano and
tions of a technical nature relating to the tuning,
regulating and repairing of pianos and player-pianos
Technical
Departments
are dealt with, will be found in another section of
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NEW YORK, AUGUST 14, 1920
T
HE manner in which the executives of large and successful
houses in the music trade regard the requirements and possi-
bilities of the near future, so far as they affect the demand for and
sales of musical instruments, is indicated most strongly in the organi-
zation work now being carried on by a number of these con-
cerns. There is evident a constant.desire to perfect the sales organ-
izations—to strengthen them through the injection of new blood
and through acquiring the services of men of established reputation
in the fields they are selected to cover. All of which should cause
the average music merchant to think a while and then start working
actively to put his own house in order, to build up on his own
account a sales organization that will be on its toes and competent
and ready to get out and sell the goods when real salesmanship again
becomes a matter of necessity.
The Review has constantly urged the point that the time for
actually selling musical instruments is not far off, and that the
time for building up a sales organization to meet the forthcoming
situation is not in the future, but right now. The merchant who is
ready to go ahead energetically when the time comes will have an
undisputed and vital advantage over the retailer who waits until the
emergency arises before giving earnest thought to his selling force.
GREATER RECOGNITION FOR MUSIC
No. 7
GOOD CROPS AND PROSPERITY
A
BOUT this time of the year we find manufacturers and dealers
in manufactured products giving thought to the crop situation
with a view to gauging to some degree Fall trade possibilities. It
is recognized that only a proportion of music dealers, for instance,
do business directly with the agricultural element and depend upon
the success of the individual farmer to keep up sales averages, but
the fact remains that the prosperity of the agriculturist means the
putting into circulation of billions of dollars each year. Of these
billions music dealers in the cities expect, and rightly, to get a proper
share.
Reports from the various sections of the country indicate that
crops this year will not only be large—in many cases larger than for
some years past—but that they will bring record-breaking prices at
the farms. The amount of money that will be released to general
circulation through the marketing of these crops during the Fall and
Winter will be tremendous and this factor alone should serve to
maintain the financial balance of the country in no uncertain manner.
We find industries affected more or less by the fact that it is a
"Presidential year." The term itself seems to prove a bugbear. But
the fact that it is Presidential year does not affect the activities of
Nature in the growing of the crops, Nature having no political axes
to grind. Good crops, therefore, at high prices, should do much
to preserve the country's business stability.
THE STATUS OF THE MUSIC PUBLISHERS
W
come pretty close to equaling that figure. Musical instrument manu-
facturers generally should have consideration for the interests of the
music publisher, just as he in turn should be interested in the welfare
of other divisions of the trade. Without music to play from the
instruments would be practically useless, and without the instru-
ments most of the music would be useless. It is the combination
of the two that makes the maintenance and building up of the indus-
try possible.
Each division of the trade has some rights and privileges that
must b'e respected, but there is a middle course that will enable the
various divisions to secure that to which they feel they are entitled
and yet give the other fellow his due. A little attention to finding
that middle course should prove worth while.
BUILDING UP SELLING ORGANIZATIONS
V. D. WALSH, W M . BRAID WHITE (Technical Editor), £ . B. MUNCH, L. M. ROBINSON,
C. A. LEONARD, EDWARD LYMAN BILL, SCOTT KINGWILL, THOS. W. BRESNAHAN, A. J.
NICKLIN, L. E. BOWERS
Vol. LXXI
AUGUST 14, 1920
HAT would seem to be most desirable and in fact most neces-
sary just now is careful consideration of the relationship be-
tween the music publishers and the various other factors of the
industry, and a proper understanding of that relationship in order
tha. some plan may be devised whereby the several elements of the
tra There are quite a number of piano and player men who look
uj. an music publishing as something of a side line, and in many
respects a comparatively small proposition. Yet ona publisher alone
issues approximately 40,000,000 sheets of music a year, and others
T
HAT the daily press of the country is displaying a keener and
more friendly appreciation of music, arid of the interest held by
the majority of readers in matters musical when presented under-
standingly, is constantly becoming more evident. Not only have
several scores of newspapers adopted the policy of conducting regular
"Music in the Home" pages for the purpose of treating musical
matters in a popular vein, but many newspapers have found it worth
while to devote sections of their editorial pages at intervals to a
discussion of music, and particularly of a new phase of music and
its relation to industrial efficiency and the welfare of the public as
a whole.
This new attitude of the press is particularly significant as it
is to be accepted as reflecting a new appreciation of music on the
part of the general public. If there was no public interest in music
newspapers would quickly cease to feature the art. Much of this
new interest in music is to be credited to the Bureau for the Ad-
vancement of Music and the organizations with which the Bureau is
co-operating. Under such circumstances the money and effort put
into the work have been well worth while.
PROSPECTS FOR INCREASING BUSINESS
WELL-KNOWN piano traveler who has recently returned
from an extended tour of the Middle West declared himself
to be most optimistic regarding prospects for a Fall trade in pianos
that will reach unusual proportions. This traveler bases his calcu-
lations upon the fact that in a month or so the effects of the price-
cutting campaigns featured by department stores and others this
Spring will have worn off and the buying public will come to realize
that there is in sight no immediate downward readjustment of com-
modity prices. The result will be that prospective purchasers of
musical instruments, as well as of housefurnishings and clothing,
who may perhaps have held back for a price drop, will get tired
of waiting and resume their buying under normal conditions.
This same traveler looks for a big increase in sales for the
reason that more stock is available this year than for several years
past, and that merchants finding instruments piling up on their floors
are organizing strong sales campaigns to keep that stock moving.
A

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