Music Trade Review

Issue: 1925 Vol. 81 N. 24

Music Trade Review -- © mbsi.org, arcade-museum.com -- digitized with support from namm.org
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VOL. LXXXI. No. 24 Pibliihed Every Satirday. Edward Lyman Bill, Inc., 383 Madison Ave., New York, N. Y. Dec. 12,1925
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Retrospect and Prospect
The Twelve Months That Are Coming to a Close Marked With Many Changes
in the Music Industries — A Year of Widely Fluctuating Demand —
Some of the Outstanding Events of the Period in All the Trade*s Branches
T
AKEN as a whole, it is believed that the year 1925 will go
down in music trade history as one of satisfactory business,
although, unfortunately, that business was done largely within
the period of a few months, which left considerable stretches dur-
ing which the volume of sales proved more or less discouraging.
In many respects the distribution of the year's business followed
somewhat along the lines of 1924, with great activity in the open-
ing and closing months with a period of lull in between. In no
respect has this situation been normal in the music trade, and it is
earnestly hoped by members of the industry that it will not in any
sense become chronic.
An Active Fall
Fortunately for all concerned, the prophesies regarding an
active Fall have been amply fulfilled and, what is more important,
there is every indication that a demand for musical instruments of
all types is here, which will continue well into the new year. Already
various factors of the industry report a volume of orders on hand
that will require months to fill, and it is quite evident that these
orders will be filled for the reason that retail stocks have been
kept at low ebb for many months and, even with recent accessions,
have proved inadequate for current demands.
The Shortage Again
The trade was advised in the Summer, for instance, that there
would be a shortage of pianos during the Fall unless the retailers,
or a fair proportion of them, were willing to gamble a bit on the
future and place advance orders covering at least a portion of their
requirements, so that factories might be kept busy in building up
reserves during the inactive season. As usual, the warning was
ignored in many cases, and dealers, as a consequence, have suf-
fered, discovering that plants operating on a short-time basis during
several months of the year cannot be put on an overtime schedule
over night, for factory organizations cannot be handled that way.
Need for Confidence
The year has demonstrated once again the real need for confi-
dence on the part of the retail trade in the future of the industry,
and a willingness to back that confidence with an investment of
capital in adequate reserve stocks. The producers of pianos are
manufacturers, and not warehouse men. The investments made by
individual dealers in stocks for future use are comparatively small
when figured in units, but grow to tremendous proportions in the
aggregate when the manufacturer must finance the carrying of
those goods. Certainly here is a matter that is receiving, and
should continue to receive, the earnest consideration of the industry,
for it is the most important factor in insuring trade stability.
Diversified
Demand
It is significant that during the year the demand for musical
instruments has been well diversified, which is an excellent sign.
At certain periods and in certain localities, of course, the demand
has run to the more expensive types, particularly in reproducing
pianos, and then there has been the augmented call for small grands.
But while the figures resulting from such sales are impressive, from
a dollars-and-cents standpoint, it is significant that the real bulk of
the demand from the unit standpoint, when analyzed, is confined
to straight uprights and regular player-pianos.
The Upright Revival
A number of manufacturers have taken occasion during the
past few months to call attention, and properly, to a very sub-
stantial market for uprights, some of them declaring that instru-
ment is the real foundation of the piano business. It is a sensible
campaign in that the upright fits into a very definite field, and to
neglect the sales possibilities of that field means the turnover of
the trade will be further curtailed. In catering to all purses and
all desires, the dealers are in a position to obtain maximum returns.
New Case Styles
In the matter of piano cases, too, there is an increasing inclina-
tion on the part of manufacturers to cater to the desires of those
who seek something out of the ordinary and who want to get away
from piano cases in plain wood finishes. Period styles, in many
instances remarkably true to the schools upon which the decorative
effects are based, are becoming increasingly popular, and in a great
many instances instruments of period design have been made part
of the regular lines, which in itself is proof of progress in the
tastes of piano purchasers.
The Painted Case
A more interesting development, however, is the tendency of a
number of manufacturers to supply pianos with painted cases in
various color combinations. There are those who have referred to
them, facetiously, as "college-boy" colors, but the fact remains that
some highly artistic effects have been produced, and a fair propor-
tion of the buying public seems to be highly in favor of the new
idea, for they, at least, are buying the instruments. A few years
Entered as second-class matter September 10, 1892, at the post office at New York, N. Y., under the act of Congress of March 3, 1879.
Music Trade Review -- © mbsi.org, arcade-museum.com -- digitized with support from namm.org
THE
MUSIC TRADE
ago the piano manufacturer who finished a piano in Chinese red,
blue, green or orange, without having a special order for it, would
have been considered mentally unsound. Yet to-day instruments
in such finishes are comparatively common.
Musical Merchandise
In the band instrument and musical merchandise field the year
has been productive of unusual results, for the demand has kept up,
apparently, without any lull. Through the medium of band and
orchestra contests among high school and graded school pupils,
and by other means, there has been developed a wide field
for band and orchestra instruments, which is not only bringing
immediate results but promises much for the future. The figures
that have been compiled covering the number of orchestras and
bands among the pupils of the high and graded schools of the coun-
try are simply astounding to those who have not kept in touch
with the steady progress in this direction. The books of more
than one "music house during the past year, or at least the early
months thereof, have been kept free from red ink by this orchestra
and band instrument demand.
The New Talking Machines
One of the outstanding events during the last half of the year
has been the placing on the market of the highly improved new
types of talking machines and phonographs which, in certain cases,
can be hailed as distinctly new developments in the art of recording
and reproducing music. Those who apparently saw the beginning
of the end of the phonograph business have had their fears swept
away by the public response to the new instruments, a response
that, during the next year or two at least, and probably for a much
longer period, will be capitalized through the medium of actual
sales. At the outset there has developed a sellers' market for the
new instruments that speaks well for its continuance, for already
at least one concern reports a volume of orders on hand that will
keep its plant, the largest in the country, operating at full force
for over a year, and this without taking into consideration the orders
that will be filed in the interim.
Merchandising Advance
Even periods of dull business have their compensation, for they
generally force the dealer to watch his step a bit more carefully,
check up on his overhead and keep it within bounds, and put forth
. and demand more intensive selling methods. All this is calculated
to make for better merchandising, and if the lesson is kept in mind
when business comes a bit easier there results just that much more
profit. Better terms from the dealer's angle, more care in credits
and close watching of trade are all a part of good merchandising,
and the tendency to give more thought to these matters is that it
gives just that much more security to the trade's future.
Dearth of Good Salesmen
A recurrent feature of the trade during the year has been the
loud calls for competent piano salesmen, particularly those qualified
to handle the better class of trade. Each year this same call is
heard, and though dealers generally bewail the fact that new blood
is not entering the retail field with sufficient rapidity and that such
new men who do come in do not measure up fully to demands, there
is little definite done about it. For several years various trade
members have advocated courses in training for retail piano sales-
men, and a committee of the Music Industries Chamber of Com-
merce went so far at one time as to have a correspondence course
outlined by one of the prominent schools specializing in this sort
of work. No tangible action, however, was taken in the matter.
That a combination of correspondence and personal training is
practical in its results, however, has been demonstrated by one of
the larger companies which, during the year, conducted a special
course in salesmanship for the salesmen employed by its many
representatives. The course was so good that it received the full
endorsement of the dealers and some 1,800 salesmen were enrolled.

Who
Is to Blame?
There appears to be no particular reason why energetic sales-
men should not find the piano business sufficiently remunerative,
for there are many who will make as large, and perhaps larger,
incomes than they could command in other fields of endeavor.
REVIEW
DECEMBER 12,
1925
Some there are who place the blame on the .shoulders of those
dealers who have done their share to pull the piano business down
to a low level in the public estimation by using bait advertising and
sharp methods in their dealings with prospects. It is claimed, and
properly, that the- salesmen who must handle that sort of business
find that, as a buffer between the unscrupulous dealer and the
disgusted, if not actually cheated, customer, they are veritably be-
tween the devil and the deep sea and face to face with much woe.
A Co-operative Task
It appears that, coming back to the training of salesmen, the
problem is not one for the individual dealer or for any small group
of dealers to handle, for the expense of a worth-while training course
would prove prohibitive. Under the auspices and with the backing
of the Music Industries Chamber of Commerce, however, or, per-
haps, more properly, under the auspices of the National Associa-
tion of Music Merchants, there is a strong possibility that a course
in piano salesmanship available to retailers throughout the country
could be made productive of excellent results at a comparatively
small expense, possibly as low as $25 or $30 per individual. It
would seem that such an investment would be well worth while, for
the haphazard training of salesmen by the dealer himself is often
far from efficient and costs much more.
Anti-Instalment Propaganda
A menace to the trade as a whole that has appeared on the
horizon during the year has been the propaganda, carried on by
various organizations of credit men and bankers, together with cer-
tain divisions of manufacturers and merchants, to curtail the prac-
tice of selling on instalments. The matter has progressed to a
point where the Government has been urged to take part in the
controversy and to offer some legislative check to the practice.
The Review, some months ago, almost at the outset of the cam-
paign, warned the trade of the necessity for counteracting it, but
little attention was paid by the Music Industries Chamber of Com-
merce and other organized bodies on the plea that the attack was
not directed toward the music industry. In fact, those of the propa-
gandists who have been called on to appear before groups of
trade members and explain their position have, in practically every
instance, given a clean bill of health to the selling of musical instru-
ments on instalments through the claim that music is an essential
in the home and of permanent value and that, therefore, the instal-
ment method for putting musical instruments in homes where they
may be used while being paid for is right and proper.
State It Publicly
This is all very fine from the standpoint of the individual who
listens to the explanation, but in the published propaganda no line
of demarcation has been drawn between those articles that may
and those that may not be sold logically on an instalment basis.
The cry is that the poor working man is going to the poorhouse
because of his obligations to instalment sellers and that the credit
of the country, as a whole, is being undermined by the practice.
There is no question but that the system of selling on instalments
is being abused in many cases. But if the music industry is not
to be included in the anti-instalment campaign the trade should see
to it that that distinction is made before the public, unless the
industry is satisfied to suffer the tremendous cut in turnover that
would result from the necessity jof selling for cash or on ninety-
day notes.
Exit Excise Taxes
It is probable that before the end of the year, or at least dur-
ing the present session of Congress, the music industry will be
freed from the last of the excise taxes placed upon its products
for the purpose of meeting the cost of the World War, for the
new Revenue Bill, as rewritten by the Ways and Means Commit-
tee of the House, eliminates the last remaining tax, that on coin-
operated instruments, which include the coin-operated pianos, or-
chestrions, etc. This represents the final victory in a campaign
that has been one of the longest and most actively waged in trade
history.
The Radio Outlook
Nineteen-twenty-five has been another big year for radio, which
is of direct interest to the music trade in view of the big part it

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