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THE
10
MUSIC TRADE
REVIEW
Eight Popular Victor Artists' Week
Brings Sales to the St. Louis Dealers
Koerber-Brenner Co., Victor Distributor, Ties Up With Appearances—Aeolian Co. of Missouri
Features Paderewski Concert in Big Space—Eden Guest at Kieselhorst Meeting
CT.
LOUIS, MO., January 26.—Business, en-
couraged by, nice weather, was just begin-
ning to emerge from the aftei-holidays lull
when a cold wave came along the latter part of
last week and froze it up* before it had gained
enough strength to stand against such a thing.
So the week ended rather slow, with everybody
staying home who did not have to go out and
the piano merchants sticking close to the radi-
ators, comfortable but lonesome.
The Eight Popular Victor Artists are here for
a week at the Missouri Theatre and there is a
boom in Victor records. A feature of their
visit to St. Louis is a prize contest handled by
the Koerber-Brenner Co., Victor distributor,
with the co-operation of Victor dealers. Con-
testants are asked to send in a- list of the fifteen
Victor records by these artists which the send-
er considers their best, accompanied by a letter
of not more than 300 words telling why they
are the best. A $300 Orthophonic Victrola is
to be the prize.
The visit of Paderewski to St. Louis Thursday
night, the first in two years, was, as always, a
great artistic success and stimulated interest in
the piano. The Aeolian Co. of Missouri cele-
brated the event with a striking full-page adver-
tisement of the Duo-Art, featuring an article by
the pianist on "The Cultural and Educational Ad-
vantages of the Duo-Art." The Steinway grand
piano used at the concert was supplied by the
Aeolian Co.
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1926
D. D. Luxton, vice-president of the Vose &
Sons Piano Co., Boston, was here last week,
coming down from Chicago, and left to return
to Boston.
They think at the Kieselhorst Piano Co. that
the Better Business Bureau's pronouncements
anent stencil pianos are good and they are do-
ing their best to push it along. The newspaper
page on which was printed the Bureau's "Insist
on Knowing Who Made the Piano You Buy"
is posted in a Kieselhorst window, decorated
with the declaration that "The Kieselhorst
Piano Co. Thoroughly Endorses the Expres-
sions of the Better Business Bureau." The buy-
ing public is reminded that "only at Kieselhorst's
can be purchased the nationally known and na-
tionally priced Mason & Hamlin, Haines Bros.,
Kimball and Gulbransen, with the maker's name
on each and the price established by the fac-
tory." On a turntable is a Gulbransen. A plac-
ard announces that the price of each model is
branded on the back. The turntable swings
around, revealing the back of the instrument,
and there, branded into the wood, is the price.
William Eden ("Baby Bill"), of the Gul-
bransen Co., Chicago, was the guest at the
monthly sales meeting of the Kieselhorst Piano
Co. at the store Tuesday evening. He made an
address. From here he went to Denver.
J. O'Keefe, of the Miessner Piano Co., Mil-
waukee, was in St. Louis last week.
Senate Finance Committee
and Taxes on Instalments
Prepares Special Report Covering Returns on
Instalment Sales Under Proposed New Rev-
enue Act
WASHINGTON, I). C, January 25.—The need for
clarification of those sections of the revenue law
dealing with income from instalment sales is
discussed by the Senate finance committee at
length in the report submitted to the Senate
January 22 on the pending tax measure.
Past revenue measures have never specifically
dealt with instalment sales, which have become
an important method of transacting general busi-
ness only within the past few years, and it has
been necessary for the Treasury Department to
deal with the question, resulting in the adoption
of regulations providing that all dealers in per-
sonal property sold on the instalment plan,
whether or not the title remains in the vender
until payment is completed, may return as in-
come that proportion of the total cash collec-
tions received in the taxable year from instal-
ment sales which the annual gross profits on the
total sales made during such year bear to the
gross contract prices of all such sales.
However, it is pointed out, recent decisions of
the Board of Tax Appeals have held that similar
regulations under acts prior to the law of 1924
were invalid and that the Commissioner of In-
ternal Revenue under the law could authorize
no basis other than the cash receipts and dis-
bursements basis or the accrual basis, neither of
which properly represented instalment transac-
tions. The committee, accordingly, in order to
meet the situation resulting from these de-
cisions, placed the principles of the commis-
sioner's regulations in the law and thereby
validate the regulations for all periods after
January 1, 1925.
Gregory Heads Singers Co.
MKNA, ARK., January 23.—Stockholders in the
Singers Music Co. held their annual business
meeting in Mena recently and elected the fol-
lowing officers: President, A. H. Gregory, of
Binger, Okla.; vice-president, Frank Grammer,
of Mena; secretary-manager, Mrs. Virgie E.
Grammer, of Mena.
Emery's Music House, which has been tempo-
rarily located at Fifth and Cherry streets, Co-
lumbia, Pa., will take new quarters shortly at
332 Lomst street.