Music Trade Review

Issue: 1924 Vol. 79 N. 24

Music Trade Review -- © mbsi.org, arcade-museum.com -- digitized with support from namm.org
THE
MUSIC TRADE
REVIEW
DECEMBER 13,
1924
deavor to create an immediate volume of sales through sensational
methods, for according to all testimony of any value, it was in this
latter type of merchandise that fluctuations were sharpest and
created the greatest injury.
and still more attention being devoted to them by the'average retail
music merchant.
Sensational A dvertising
Conditions are not such as to create the belief, however, that this
increased demand for the grand is made entirely at the expense of
the upright. Although prominent trade authorities for several years
have not scrupled to forecast the ultimate elimination of the latter
type, the upright still continues to hold its own, not only in the
player form but in the straight piano type as well. Especially is
this true in the smaller sizes of this instrument which grew in
popularity during the past twelve months and which meet the re-
quirements of the average household due to the limited floor space
of the modern home. The small upright, originally featured by its
first manufacturers as a type of instrument largely for schools,
Summer residences, etc., has to-day become par excellence the
instrument in demand for the small city apartment, and will con-
tinue thus, so long as the present trend in apartment house con-
struction for the occupancy of small families of moderate means
continues.
Not that the trade was blameless in regard to sensational bargain
advertising during the past year. This was especially marked at
the opening of the Fall selling season, and some of the examples
which appeared in the press of the country were equal in destruc-
tive effect as those which had ever been utilized in the past history
of the industry. But the bargain advertiser in the retail piano
trade to-day is in increasing minority, and the injury he may cause
becomes less and less with every year. His sensational offers of
low terms and what appear to be impossible values are more and
more discounted by the vast majority of the buying public who
seem to have taken the entire problem within their own hands and
who are solving it by the scepticism with which they meet these
offers. Lack of faith on the part of the ultimate buyer is the per-
manent solution for the sensational and bargain type advertising.
Better Terms and Collections
One of the big merchandising achievements of the year was the
universal betterment found in the selling terms maintained by the
average music merchant and the increase of efficiency in his collec-
tion methods. A survey conducted by the Music Trade Review
developed the fact that to-day the average terms upon which pianos
are sold at retail range well below thirty months, and the average
maximum terms well below thirty-six. It is remarkable to find
that in over 400 replies received from every type of merchant in
the retail piano trade only one reported that he sold instruments
on a basis of more than thirty-six months, and this is all the more
remarkable when the answers to such questions which would have
been given a decade or so ago are taken into consideration.
Retail Salesmanship
Retail salesmanship and its increase in efficiency still remain one
of the dominant problems of the retail music trade. But, like all
problems which are realized and appreciated, it is now upon the
way to ultimate elimination. The Music Industries Chamber of
Commerce is giving due consideration to this condition and such
work as is being accomplished by the American Piano Co. through
its course in retail salesmanship for the Ampico is likewise having
a most beneficial effect. The merchant to-day seems to have real-
ized that it is quite impossible to make good salesmen without train-
ing them in the fundamentals of good selling as it applies to all
types of pianos, and that, to turn a new man loose without proper
instruction in piano selling, is a means of radical waste which far
overtops the expense involved in some minimum degree of training
at least. The standards of retail salesmanship are growing increas-
ingly better, and with it the efficiency with which the dealers' terri-
tory is being covered, a condition which is reflected in the ultimate
volume of sales which is drawn from each locality. Pianos and
players of varying types by no means confront a point of satura-
tion in their potential market, and the selling efficiency of the retail
trade has a long way to go as yet before that end can be brought
about.
The Demand for Grands
The past year has seen a still further increase in the demand for
the grand type of piano. Figures obtained through nation-wide
surveys have shown that to-day some merchants are doing a busi-
ness which includes from 25 to 50 per cent of grands in its total
volume. Nor has this increase been entirely confined to the popular-
priced grand which heretofore has largely predominated in this
change in the public's desire. The past year has seen a sharp ad-
vance in the demand for the grands of medium size and higher
grades due no doubt to the intensive propaganda for the grand
type which has been carried on, both by manufacturers of popular-
priced small grands and the dealers who have given these instru-
ments a prominent place in the exploitation of their lines. The
next year will probably see, for there is every indication on which
to base this prophecy, a still wider demand for both of these types,
The Upright and Player
The Period Type Case
Another development that was marked during the past year has
been that of the period type piano. The retail merchant, encour-
aged by the manufacturer in making these period cases regular
parts of his lines, is losing the attitude which heretofore has made
him consider the period grand as something more or less of a
specialty to be sold only under a set of peculiar circumstances
and scarcely to be considered as a regular instrument to be carried
on his wareroom floors. Public taste, which has made such tre-
mendous strides during the past ten or fifteen years and which has
made the average woman familiar with decorative harmonies and
periods, is fundamentally responsible for this change. At the pres-
ent moment no end is to be seen to it and, while it continues, the
period style grand will be a regular part of the .industry's output
and also expand in numbers.
The Reproducing Piano
The reproducing piano has made important strides, chief of which
perhaps is in its still wider acceptance by the music teachers of
the country as an ideal means of giving their piano pupils courses
in interpretation. No year in the history of this instrument perhaps
has ever seen a greater amount of appreciation expressed for it
on this score. Nor has any year seen a wider growth in its use
for pedigogical purposes. The teacher has finally realized that,
with the modern reproducing piano, he has at his command the
world's piano literature in its surpassing interpretations, something
which, up to the present time, had never been available to the pupil
even in the largest of cities visited regularly by the foremost piano
virtuosi.
The Radio Receiver
One of the most startling developments in retail merchandising
has been the advent of the radio in the retail music store. In this
development the music merchant has brought more to the radio
than the radio has brought to the music merchant. In the retail
merchandising of this product he has introduced an element of
stability which, due to the newness of the industry itself, had up
to this time been lacking. He has adapted tried merchandising
methods of musical instruments to the radio receiver, and the re-
sponse has been gratifying. In many cities throughout the country
to-day the sale of radio receivers, that is, of standard, complete
and name-value sets, is practically in the hands of the local music
trade, a condition which no doubt will continue. The retail mer-
chandising experience of the music merchant is steadily surmount-
ing the merchandising difficulties confronted by this new product,
and unquestionably, when the period of stabilization sets in and
when a greater degree of sales resistance exists than is the present
case, he will constitute its main distributive outlet. Already he
has been destructive to the "gyp" element in this trade which worked
deep injury to its standards and which at one time created almost
a chaotic condition in its retail distribution. Throughout the year
the number of radio departments in retail music stores has steadily
increased, and it is very likely that this will continue until radio
Music Trade Review -- © mbsi.org, arcade-museum.com -- digitized with support from namm.org
DECEMBER 13,
1924
THE
MUSIC TRADE
becomes as much a permanent part of the retail music store as is
the piano and the talking machine.
Musical Merchandise
Musical merchandise has enjoyed another remarkable year.
Music merchant after music merchant reports heavy volumes of
sales in this department which has become one of the most profitable
in his store. The vogue of the orchestra and band shows no signs
of any falling off among the country's people; on the contrary, every
indication is that it will continue to grow at a still speedier rate.
America has passed the day when it was content to sit and have
its music made for it. To-day it requires musical self-expression
with the result the amateur musician who constitutes the great
market in all lines for the retail music merchant is growing in
numbers as never before. No town of any size throughout the
country to-day can be found without its amateur musical organiza-
tion, and a great majority of these owe their origin to the resource-
fulness and propaganda of the retail music merchant located there.
The prospect for small goods is the most numerous of all prospects
which the music merchant has, and the past year has seen his
realization of that turn into sales of impressive importance. Dur-
ing the coming year this trend will continue, and the music store
without a musical merchandise department, as a result, misses one
of the most profitable adjuncts which it can. possess.
The Supply Field
Conditions in the piano supply field during the past year have,
of course, been very similar to those existing in piano manufactur-
ing, as these two industries are so closely linked that every move
in one affects the other immediately. Here, too, the study of
technical problems has occupied considerable of the industry's at-
tention, especially along the lines of a greater degree of standard-
ization in unessential parts of the piano, that is, unessential to its
individuality. An endeavor has been made in co-operation with
piano manufacturers to eliminate unnecessary differences in specifi-
cations which, while as yet it has had but little result, holds great
promise for the future. Its eventual achievement would mean a
considerable decrease in factory overhead, a detail in which the
supply man, the manufacturer and the piano merchant all possess
a vital and essential interest. Another most constructive achieve-
ment in this field, and which is worthy of more than passing men-
tion, has been the good work accomplished by the Supply Associa-
tion in handling failures among piano manufacturers by eliminating
the long and costly process of bankruptcy through the courts and
by giving institutions which have been unfortunate an opportunity
for revival from their difficulties. This work is one of the most
striking examples of the realization of the common interest that
exists between every branch of the music industry and is worthy of
all encouragement and support from every man therein.
The General Situation
Prophecies are most dangerous to those who make them. To
endeavor to forecast conditions during the coming year is an idle
task, one in which the possibility of error is so great that it makes
REVIEW
it futile so far as benefit may be derived from it. However, there
are certain elements apparent to everyone which constitute a basis
for sound optimism. The economic condition of the country
basically is all that can be asked for. The elements which created
the unsteadiness during the past year seem to have been effectually
checked. The farmer to-day is in a sounder position economically
than he has been since the end of the post-war boom, as is shown
by the gradual liquidation of his cumulative debts. No doubt one
of the great problems before the incoming administration is some
system of financing for the farmer which will permit him to enjoy
advantages that have long been denied him; but there is no more
doubt that this plan will be economically sound and bear none of
the marks of the radical panaceas which have so often been pro-
posed. The farmer here is given special emphasis since, despite the
steady increase of urban population in the country, he still consti-
tutes the economic backbone of America, and without his prosperity
there is little chance of prosperity for the rest of us.
The World Situation
Another element for optimism is the fact that the world economic
condition is steadily nearing stabilization. The adoption of the
Dawes' plan for the liquidation of Germany's reparation liabilities,
the floating of the German international loan, and the daily re-
ports from European financial centers all tend to confirm this belief.
Since the end of the war the most destructive element in America's
condition has been the economic chaos of world conditions, for
economics themselves pay little importance to boundaries and the
financial and economic structure of the world to-day is a unit. As
a result the year may be looked forward to with confidence and
unquestionably at least a normal demand may be expected.
The Merchants Task
Speaking of the music industries individually, they confront no
great concrete problem. Music, the basic element upon which their
sales are made, was never so popular in the history of America as
it is to-day. Never before have there been so many people anxious
to express themselves musically. Never before has music played
so prominent a part in the entertainment resources of the people.
With all these factors in his favor it rests with the individual music
merchant whether or not he can change them into concrete sales
that place a decent balance on the black ink side of his ledger. All
is not perfect, of course, and the realization of this fact is wide-
spread. There is much constructive work to be done, but the better
elements in the industry are constantly striving to do it and achiev-
ing no little measure of success.
To those merchants who have worked this way during 1924,
1925 will be a year of promise and reward, and if the retail mer-
chant finds the coming twelve months of this character, unquestion-
ably the manufacturer who supplies his goods will enjoy the same
condition. For the nub of the entire situation is the merchant
himself; upon his efficiency, his ability to take advantage of con-
ditions and to change them into actual sales depends the ultimate
prosperity of the entire industry. Taking the music merchant as
a class and considering him as he exists to-day he is absolutely
capable of doing this.

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