Music Trade Review

Issue: 1923 Vol. 76 N. 20

Music Trade Review -- © mbsi.org, arcade-museum.com -- digitized with support from namm.org
THE
MUSIC
TRADE
REVIEW
(Registered in the U. S. Patent Office)
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; Secretary, Edward Lyman Bill, 373 Fourth Ave., New York;
:
Assistant Treasurer, Wm. A. Low.
J. B. SPILLANE, Editor
RAY BILL, B. B. WILSON, BRAID WHITE, Associate Editors
WM. H. McCLEARY, Managing Editor
CARLETON CHACE, Business Manager
L. E. BOWERS, Circulation Manager
WESTERN DIVISION:
AKTHUR NEALY, Representative
BOSTON O F F I C E :
JOHN H. WILSON, 324 Washington St.
Republic Bldg., 209 So. State St., Chicago
Telephone, Main 6950
Telephone. Wabash 5242-5243.
L O N D O N , E N G L A N D : 1 Gresham Buildings. Basinghall St., D. C.
N E W S S E R V I C E IS S U P P L I E D WEKKLY BY OUR C O R R E S P O N D E N T S
LOCATED IN T H E L E A D I N G CITIES THROUGHOUT AMERICA
Published Every Saturday at 373 Fourth Avenue, New York
Enttrtd
as second-class matter September 10, 1892, at the post office at New York, N. Y.,
under the Act of March 3, 1879.
SUBSCRIPTION,United States and Mexico, $2.00 per year; Canada, $3.50; all other
countries, $5.00.
ADVERTISEMENTS, rates on request.
REMITTANCES, should be made payable to Edward Lyman Bill, Inc.
Exposition Honors Won by The Review
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Silver Medal... Charleston Exposition, 1902
Diploma... .Fan-American Exposition, 1901
Gold Medal
St. Louis Exposition, 1904
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T E L E P H O N E S — M A D I S O N S Q U A R E 5082-5983-5984-9458-7898-0620
Cable Address: "Elbill, N e w York"
Vol. LXXVI
NEW YORK, MAY 19, 1923
CREATING A LOCAL MUSICAL LIFE
I
No. 20
MAY
19, 1923
way from the individual tonal qualities or the exterior beauties of
the pianos themselves.
However, those who are actually at work on the problem of
standardization have seen fit to l)egin on the inside of the instrument
with the result that the first recommendation has to do with the
standardizing of action brackets. When it is stated that the aver-
age action manufacturer is called upon to keep on hand for his
trade from two to three hundred different styles and shapes of ac-
tion brackets and that it is quite possible by a resetting of the action
alone to dispense with all but a half dozen or so different sizes, the
possibilities that lie in this direction may be realized.
To consider each separate piano part, however, to agree upon
some general principle of standardization and have all manufac-
turers agree to that standard is a job that, under present condi-
tions, will be likely to last for years. Perhaps if the plan works out
satisfactorily in the matter of the action bracket, speedier progress
can be made in the standardization of other parts.
Executive and Reportorial Staff
E. U. MUNCH, V. U. WALSH, EDWARD VAN HAKLINGEN, LEE ROBINSON,
THOS. \V. UHKSNAIIAN, E. J. NIALY, C. R. TIGHE, FREDERICK H. DIEUL, A. J. NICKI.IN
REVIEW
ELIMINATING THOSE WHO ABUSE CREDITS
S
OUND credit is the basis on which sound business is built, for
when credit deteriorates not only does it weaken the business
of the offender, but it likewise has a deterrent effect upon the busi-
ness of his competitors. There is not a business house that goes
to the wall which does not bring trouble to a score or more other
concerns with which it has maintained trade connections and where
heavy losses are sustained. The capable merchant, the man who
keeps his business sound and clean, is the one who eventually pays
the piper.
Tn consideration of this fact, the action of the Music Industries
Chamber of Commerce in assisting in the prosecution of a Western
dealer, who was apparently not altogether aboveboard in his busi-
ness conduct, is commendable and the policy is one that could well
be followed consistently with real benefit to the trade.
In this particular case not only were thousands of dollars'
worth of musical instruments obtained upon an alleged false credit
promise, but the sale of these goods at ridiculously low prices and
on long terms forced out of the business at least one dealer in the
same locality and, without question, affected seriously the business
of other legitimate retailers.
Members of the music industry, as well as those in other lines
of trade, have come to a full realization of the fact that bank-
ruptcies and financial difficulties in general do not pay, regardless
of whether the difficulties are due to fraud, to poor business man-
agement or to circumstances that cannot be avoided. The result
has been the putting forth of successful efforts to help manufac-
turers out of their financial troubles through a broad spirit of co-
operation in the realization that by helping the individual concern
the entire trade is aided.
Spreading this type of credit work to cover the retail trade is
a logical move; for, particularly where unfair practices or fraud
are evident, the power of the Chamber is calculated to have an ex-
cellent effect.
N the announcement that S. Ernest Philpitt, well-known music
merchant of Miami, Fia., and with stores in several other Flor-
ida cities, has been elected a member of the Miami Music Club in
recognition of his work in promoting musical events of importance
and, particularly, in bringing to Florida and successfully under-
writing the appearance of artists of international reputation, there
lies a sound lesson for music merchants in other sections who are
looking for plans whereby they can increase their prospect list and
get in closer touch with those in a position to buy their instruments.
In Mr. Philpitt's case it has meant considerable pioneering, the
expenditure of a great amount of time and, to a certain degree, of
money. But the result has been that he is a recognized factor in
the musical life of his city and the direct contact with music lovers
he has thus established has brought direct results in the matter
of sales. The growth of his business proves that fact, as do the
ALLOWING COMPETITION TO KILL ITSELF
various agencies for noted instruments that have been placed with
it. If Mr. Philpitt can do it in Miami, there are scores of other
T is quite apparent that a number of the more aggressive retail
music merchants who can accomplish the same result in their re-
houses of the country have decided that success in the retail
spective communities. How many are there who have grasped the
field to-day rests upon good salesmanship, not simply upon the
opportunity or even been able to appreciate it fully?
placing of instruments in the homes of customers, but placing them
there on a sound basis which not only stimulates the customer to
STANDARDIZATION MAKING STEADY PROGRESS
buy but also proves equitable and advantageous to the dealer him-
self.
HE question of standardization of piano parts is receiving an
Proper selling, if persisted in, will have the effect of elimi-
increasing amount of attention in the trade largely from the
nating
many of the problems usually associated with the collection
fact that the matter has been taken up by the Superintendents'
of
accounts
and with financing the business while the long-term
Club of the New York Piano Manufacturers' Association and has
paper
is
paying
out.
thereby caught the interest of the practical men of the local in-
The
old
idea
that the function of the retail piano dealer is to
dustry most qualified to judge of the feasibility of the various
build
up
a
big
sales
volume and fight competition successfully, al-
proposals.
though
ruinously,
is
giving away to the wisdom of making every
As the question of standardization progresses, it becomes in-
sale
pay
its
profit
and
allowing competition to cut its own throat.
creasingly evident that there can be found no general panacea for
It
is
the
only
sort
of
business
that really pays.
the problem, but that each detail must be worked out separately.
The
dealer
who
permits
himself to be dazzled by the gross
Even this can only be accomplished through the complete co-
volume
of
sales
which
he
rolls
up each month, without taking into
operation of all the manufacturers of the country. As was pointed
consideration
the
quality
of
the
business he is doing, will almost
out in The Review some time ago, the logical place to begin the
invariably find that the net profit column in his statement is a
work of standardization is in the case, where it is quite possible
to eliminate a great variety of odd sizes without detracting in any grievous disappointment.
I
T
Music Trade Review -- © mbsi.org, arcade-museum.com -- digitized with support from namm.org
MAY
19, 1923
THE
MUSIC
TRADE
REVIEW
For Those Who Are Crying "Wolf!"
Greatest Danger in the Present Economic Situation Those Who Are Over-pessimistic—Danger of Inflation
With Its Consequent Reaction Past According to Authoritative Banking Opinion—Conditions
in Piano Industry Show No Over-production, and Ordering Ahead Justified
It takes time to get used to prosperity, espe-
cially prosperity in the piano industry. For the
alarmist and the pessimist are both in constant
evidence among piano men and the type that
persists in seeing bad times getting worse and
good times going bad is entirely too frequent.
Since the beginning of the new year the piano
industry has enjoyed a good measure of solid
prosperity after a period of depression which
it shared in common with all other lines of
industrial production. The public has bought
readily, terms have been within reasonable
bounds, collections have generally been good,
and, as a result, the majority of the factories
have been working full time or better. The
only fly in the ointment has been a shortage
of skilled labor which has operated constantly
to curtail production beyond what the natural
demand could have absorbed.
Despite these conditions, the alarmist, with
his cry of boom business and his predictions
of over-production, has not been wanting.
With his watch-word of inflation and his proph-
ecies of a coming crash, he has done every-
thing possible to create overcaution and condi-
tions which would operate to curtail healthy
and sane expansion.
Inflation Danger Is Passed
Is the present demand a result of inflation
and is it likely to lead to a reaction which will
more than overcome the impetus that has been
given business? Those who are best qualified
to speak of it with authority agree generally
that, while there was such a danger two months
ago, business with credit in general has ad-
justed itself to the Jievv situation and to-day
the danger of such a happening is at a mini-
mum. The present selling condition is based
on a solid foundation of real demand, created
by labor being employed generally at good
wages and fair prospects of the rural sections
enjoying a period of relative prosperity. In
other words, authoritative banking circles de-
clare almost unanimously that the country has
passed the danger of inflation and that it has
before it a period of steady and sound progress
which is likely to last some time.
Production has reached a high mark in prac-
tically all lines of industry. But the consumer
has steadily absorbed this production and, save
for a slight seasonable variation, has come back
for inore. In the piano industry, for instance,
so far as can be gathered, there is no accumu-
lation of stock in the dealers' hands, nor is there
a large number of unfilled orders on the books
of the manufacturers. Current shipments are
practically taking all production and what
orders are unfilled carry delivery dates. In fact,
there has probably been greater future ordering
for Summer and Fall delivery than has been
the case in some time. But this has been justi-
fied on the part of the dealers, first, because
of the almost certainty of future demand, and,
second, because of coming readjustments in
wholesale prices. But this has not been a case
of over-expansion, nor is it likely to result in
the bane of the piano industry—cancellations.
The Coming Summer Season
if he fails to resist the temptation to lie down,
if he allows himself to be convinced that "pianos
can't be sold in Summer," he will suffer accord-
ingly. During the next three months the
monthly sales totals are largely in the dealers'
own hands.
In all this there is no attempt to disparage
sane caution. But that has been the prevailing
temper of the piano man, as well as the gen-
eral average of business men. There has been
no heavy plant expansion, such as is invariably
found in a period of inflation. Demands for
increased production have been met by existing
facilities, by their more efficient use and by
their better organization. The manufacturing
branch of the piano industry is more and more
turning its attention to this work and some of
the feats accomplished this year are remarkable.
But caution, when carried too far, is as bad
as recklessness. It prevents a man, whether
he be manufacturer or dealer, taking advantage
of sound opportunity. To risk nothing at all,
in a majority of cases, is to lose everything.
To refuse to see facts as they are and to
utilize them is to lack vision.
Authoritative Banking Opinion
It cannot be repeated too often that authori-
tative banking opinion to-day sees no danger
in the present situation. Those who have pre-
dicted inflation have occupied the front pages
of the newspapers; those who have analyzed
the situation as it really is—that is, fundamen-
tally sound—have been buried deep in the close
type of the financial sections where they can be
easily missed. And "front-page stuff" molds
opinion.
Typical of the prevailing conservative bank-
ing opinion is the following summary, pub-
lished by the Mechanics & Metals National
Bank of New York. It says:
"Compared with the latter part of 1922, the
volume of business is so large that in many
cases people have not been able to adjust them-
selves to the upswing and have wondered at
its real meaning. The change has been so com-
plete and has swept industry into such activity
that conservative minds have sought for extraor-
dinary reasons, and have in many cases come
to the conclusion that inflation is responsible
for the forward impetus under way. Although
the commercial banks of the country have ex-
tended credits in large volume, the increase
over last year is not sufficiently pronounced to
support the inflation theory."
The best of advice that can be given the
business man to-day, whether he be in the
piano industry or any other line of industrial
production and distribution, is to prepare for
a continuance of prosperity—that is, a steady,
consistent demand for the products of the
country's factories. It is no time for extrem-
ists, whether they are pessimistic or optimistic,
for both are equally dangerous. But it is a
time for sane optimism—a frame of mind that
is justified by every fact in the situation.
In short, the most dangerous factor at the
present time is not the over-optimistic—it is the
eternal cry of "Wolf!"
GIMBEL SECURES SCHAFF AGENCY
F. F. STORY IN NEW YORK
Well-known House Will Handle This Line in
Milwaukee—Curtis S. Miller Pleased With
the Arrangement
Congratulates District Manager Schoenewald
on the Success of Sales Quota Campaign
Of course, the usual Summer falling-off is
likely to come. But there is nothing to fear
in this. Piano men who have carefully studied
the territories in which they sell state almost
with unanimity that demand is likely to be good
during the Summer months. The question here
is largely one of selling methods. If the dealer
will keep his selling force on its toes and will
go after the business just as he does in the
Fall, Winter and Spring, unquestionably June,
July and August will make good records. But
GARDEN CITY, KAN., May 15.—-The Garden City
Music Co. is the name of a new music concern
organized here recently on East Laurel street.
The business will be under the management of
C. M. Rose and C. H. Taylor.
Announcement was made this week by Curtis
S. Miller, vice-president of the Schaff Bros.
Piano Co., Huntington, Ind., of a deal which
was just consummated whereby Gimbel Bros.,
Milwaukee, Wis., have taken over the entire
line of Schaff Bros, pianos and player-pianos
and henceforth will represent it in Milwaukee
and vicinity.
The line includes the Schaff Bros, models,
which are now being produced in the two-tone
finish, which is an innovation introduced by
this company during the last six months.
"We regard this as an excellent connection,"
said Mr. Miller, this week, "for our instruments
and feel that Gimbel Bros, will give us splendid
representation in the Milwaukee territory. They
have also expressed themselves as highly
pleased with the Schaff Bros, product and ex-
pect to use our line as one of their leaders in
a prominent and active way."
The Schaff Bros. Co., which has been manu-
facturing pianos for over half a century, is pro-
ducing at the present time a variety of attractive
models, both in pianos and player-pianos.
GARDEN CITY CO. FORMED
The stock of instruments and music supplies
of the U. J. Dietrich store in Bremen, Ind.,
has recently been purchased by Hubert Tanner,
proprietor of the Tanner Music Store in
Plymouth, Ind.
F. F. Story, treasurer of the Story & Clark
Piano Co., made a short trip to New York
recently and was recalled to Chicago on the
second day of his visit on account of urgent
matters at the factory. Mr. Story extended his
congratulations to L. Schoenewald, branch man-
ager for the New York district, for the splendid
showing made in a quota campaign during the
past month. The campaign has been extended
to include May and general sales meetings, at
which representatives from the five retail stores
in the New York territory are present, are held
weekly in the West Thirty-second street branch.
The quota set for this month is at least sixty
pianos higher than last year's record for May,
and from the latest indications the campaign
is accomplishing its purpose.
McPHAlL AT THE CONVENTION
Line to Be Exhibited at Hotel Drake During
the Week of June 4 to June 9
BOSTON, MASS., May 14.—-Lawrence Barry, presi-
dent of the A. M. McPhail Piano Co., of this
city, reports that orders have been exceptionally
good. The factory of the company is very
busy taking care of these demands. This good
business is in no small sense a result of the
energetic sales efforts put into effect by the
executives of the company this year. Impor-
tant plans are being made for the convention.
The McPhail piano will be well exhibited in
Chicago at the Drake Hotel. An attractive
exhibit has been planned on the mezzanine
floor, Room 17, where the line will be shown
under the able direction of John J. Clark, treas-
urer, and Harry W. Crooker, vice-president of
the company.

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