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THE MUSIC TRADE REVIEW
6
Milwaukee Merchants Find Past Year
Their Largest in Point of Turnover
Year Ends With Local Dealers' Stocks on Wareroom Floors Depleted—Radio Rolls Up Imposing
Volume of Sales—Believe Retailers' Purchases in Next Three Months Will Be Large
TV/IILWAUKEE, WIS., January 2.—Annual
•^'•*- statements prepared by the business offices
of the various music stores- in Milwaukee, veri-
fied by the results of the inventories now being
taken, reveal probably the largest turnover of
stock that any of the merchants in this city
have ever encountered in a single year. While
turnover increased in almost satisfactory way,
overhead, as a rule, shows growth, although
this is more or less of a natural development
in business, despite the strenuous efforts all
retail merchants continue to make against this
big factor in doing business.
One of the striking features of the business
of music houses which maintain radio depart-
ments or handle radio instruments in a small
way is that the volume piled up on this class
of goods is extraordinary, to say the least. So
general was the call for radio instruments as
encountered by music stores that several con-
cerns which have held aloof from the new trade
factor until they believed the primary experi-
mental stage has been passed are contemplating
the establishment of radio departments as
quickly as they aie able to adjust themselves
and obtain suitable stocks of the merchandise.
There are, however, many others who feel that
their place is to sell pianos and talking machines
and the accessories, and to make no sizable
investment in radio goods or selling service at
the present time.
Musicalinstrument stocks as a rule were well
depleted at the end of the year and it is safe
to say that the various manufacturers and job-
bers in the piano and talking machine industries
will experience a very good demand from re-
tail trade in the next few months. There is a
particularly severe shortage in the high-grade
reproducing grands in the top-price class and
local dealers as a rule will not be able to de-
liver all the instruments for which they booked
orders up to December 31, until the end of Janu-
ary or February, judging by the oversold con-
dition of practically every factory making this
class of merchandise.
The outlook for 1924 business grows steadily
brighter, although most music merchants refrain
from becoming over enthusiastic over the pros-
pects, so far as purchases of new stocks are
concerned. It is generally believed that buying
by retailers for the coming three months will
be careful, although by no means unduly cau-
tious. In this respect the average purchase will
be somewhat larger than in the early months
of the year that has just come to an end. This
is attributable both to the better movement of
goods and the improvement in the prospects,
compared with a year ago.
Will Observe Thrift Week
Milwaukee will observe National Thrift Week,
January 17 to 23, in an organized way. The
local work is under the personal direction of
John H. Puelicher, who last year served as
president of the American Bankers' Association.
The National Thrift Week slogan, "For Suc-
cess and Happiness," is being given a meaning
by the music merchants of this city, who are
participating in the observance on the theory
that any movement for success and happiness of
the people necessarily embodies music in the
home. Naturally the music men also find in
"Pay Your Bills Day" of the Thrift Week an
interest that elicits their hearty support.
A new music store has been opened recently
at 119 North Second street, in Watertown, Wis.,
by John H. Klemann, an enterprising young
business man who was born and reared in that
city and has a wide acquaintance. Mr. Klemann
has succeeded in obtaining the exclusive right
to sell the Edmund Gram pianos, made by the
Edmund Gram Co., Milwaukee, and will also
deal in talking machines, records, music rolls,
sheet music and small goods.
E. Blout Opens New Store
FLUSHING, N. Y., December 31.—A new branch
music store has been opened here at 38 Main
street by E. Blout, of New York City, who
operates a chain of phonograph and piano
shops throughout Greater New York. The stock
carried in the new store includes the Stieff,
Braumuller, Davenport-Treacy and Gulbransen
pianos and also reproducing pianos with the
Welte-Mignon (Licensee) action and the Victor
talking machine line.
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NEW YORK
JANUARY 5, 1924
Upholds Music Stores as
Logical Radio Dealers
T. M. Pletcher, President of the Q R S Music
Co., Explains Why Music Dealer I s Logical
Radio Distributor for the Public
CHICAGO, III., December 29.—A comprehensive
article by T. M. Pletcher, president of the
Q R S Music Co., arguing that the music mer-
chant is the logical dispenser of complete radio
sets to the public, has just been published by
Radio Broadcast. In view of the popularity
which radio has attained, this subject has be-
come more important to the music industry and
we advise all music merchants to study Mr.
Pletcher's presentation of the subject.
The point that Mr. Pletcher emphasizes is
that, so far as complete radio sets are concerned,
the electrical dealer does not compare with the
music merchant when it comes to selling, adver-
tising, displaying, financing on the instalment
plan or giving service. The fundamental ele-
ments of successful retail merchandising are
show,n to be lacking in the general run of retail
electrical establishments.
Mr. Pletcher points out that by the music
merchant radio will be much more forcefully
and intelligently presented to the public than
by the electrical retailer. It has been proved
that a knowledge of piano technicalities is not
necessary to the most successful piano sales-
manship, and the same thing undoubtedly is
true with radio.
Mr. Pletcher also makes the statement that
the up-to-date merchant is one who knows how
to borrow money from the bank, but that the
banker will not loan money on instalment paper
unless he feels that the merchant knows the
instalment business and is running his estab-
lishment in a businesslike way. Another in-
teresting point is the comparative supply of
technical men available in the radio and the
music fields. Whereas there are approximately
150,000 amateur radio operators in the country,
there is nothing like even 15,000 piano tuners
or 15,000 talking machine repair men. There-
fore, according to Mr. Pletcher, the proprietor
of the retail establishment who is at the present
time satisfactorily taking care of his piano and
talking machine installation and repairs would
not have very much trouble in hiring men to
take care of the technical end of his radio de-
partment.
On behalf of the electrical retailer as the
proper person to sell radio sets, it had been
argued that the music merchant is required to
go to considerable expense in order to establish
a separate radio department, while electrical
men have no such necessity. Mr. Pletcher an-
swers this by saying that a business cannot be
run without salesmen, without stock and with-
out a certain amount of expense.
"Who can conceive," he says, "of a flourishing
radio business when the interest in it is no
more than casual. If I turned over a live and
intelligent young salesman to the sales manager
of a large concern dealing in radio equipment
and after, say two weeks of instruction, that
young man goes to work and sells from three
to five radio sets per week on a commission
basis of 15 per cent, would the concern make
any money? Supposing, then, I found another
such fellow and then a third! Of course, the
sales manager would be increasing his person-
nel, but would he mind? Couldn't he, in addi-
tion to these three men, add a professional re-
pair man and installer?"
Bennett Go. Essay Prize
WILKES-BARRE, PA., January 2.—The Bennett
Piano Co., of this city, has just offered a prize
of $400 for the best essay on the life of Pad-
erewski. The contest is open to all young
people interested in the advancement of the
best music. As secondary prizes large photos
of Paderewski are offered to contestants. The
contest is having many entries.