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The Music Trade Review
MAY 4, 1929
Lyon & Healy Announces
Big Earnings for 1928
Annual Report Shows Net Operating Profit for
the Year of $501,321.25—Interesting State-
ment by R. E. Durham, President
CHICAGO, III., April 29.—The annual report of
Lyon & Healy, Inc., for the year ending De-
cember 31, 1928, has just been issued and shows
a net operating profit for the year of $501,-
321.25, which with fixed charges and taxes of
$136,843.94 leaves a surplus net profit of $364-
477.31.
In connection with the announcement of the
figures for the year, Raymond E. Durham,
president of Lyon & Healy, issued the follow-
ing statement:
"There are many new influences affecting
and bringing about changes, in the music indus-
try.
The perfection of radio reception and the im-
provement of radio programs have resulted in
an enlarged expansion of the radio business, of
which the music trade has been able to take
advantage. Also, it has become more gener-
ally recognized that the music store is the most
logical and best avenue for the distribution of
radio products, and we look for further increase
in the volume of business in this department.
"The movietone and other developments in
connection with the theatre business have
tended to reduce the number of orchestras dur-
ing the past year. We believe that this condi-
tion is only temporary and that it will be but
a fairly short time until these orchestras arc
restored.
"There has been a falling off in volume of the
sale of cheap mechanical and upright pianos;
but the volume of business in the higher grade
and higher quality grand pianos, used largely
for educational and cultural purposes, has
shown an increase, as our sales in both Stein-
way and Lyon & Healy pianos were greater
than any other previous year.
"The most outstanding development in the
music business during the past year is the pub-
lic's increasing interest in more and better
music; this is particularly true in connection
with the schools, as there is a growing recog-
nition on the part of educators that music has
a most important and valuable place in the edu-
cation of youth."
Steinite Dealers Meet
AKRON, O., April 29.—Sixty-seven Steinite deal-
ers from the Akron district attended a banquet
here which marked the formal introduction of
the new 1929 Steinite Radio receiver. Four
factory representatives from Chicago met with
the dealers. All of the leading Akron radio
firms had representatives in attendance.
Gillham on Majestic Program
Art Gillham, known as the whispering pianist,
and popular as a Columbia record artist, will be
the featured artist on the program of the Majestic
"Theatre-In-the-Air" on Sunday, May 12, on
which occasion he wiil sing a number of selec-
tions which he has recorded for Columbia.
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New York Music Merchants Gather
in Binghamton for Annual Meeting
A S this issue of The Review goes to press,
•^- the third annual convention of the New
York State Music Merchants and Radio Dealers
has launched its sessions in Binghamton,
N. Y., the program covering Thursday and
Friday of this week with headquarters at the
Arlington Hotel. The complete convention re-
port will appear in The Review next week.
Under the direction of Edwin R. Weeks,
president of the association, with the assistance
of the other officers, a particularly interesting
program has been arranged, which opens
formally with a luncheon at noon on Thursday,
when the delegates will be the guests of the
Binghamton Kiwanis Club. The visitors will
be welcomed by city officials.
The afternoon session on Thursday will be
devoted to a discussion of piano problems and
the speakers include: Edward C. Boykin, ex-
ecutive secretary of the National Piano Manu-
facturers Association; John S. Gorman, Chi-
cago, vice-president of the Gulbransen Co.;
C. J. Roberts, president, and Delbert L. Loo-
mis, executive secretary of the National Asso-
ciation of Music Merchants; Hermann Irion,
president of the Music Industries Chamber of
Commerce; and Miss Helen Curtis, of Chicago,
who will give a demonstration of piano class
instruction.
All-Irish Broadcast Aids
Sales of Columbia Records
So successful in record sales was an All-Irish
Columbia artist broadcast over station WMCA,
New York, on March 19, initiated by James
O'Byrne De Witt of the Irish Music Store, that
Mr. De Witt, a prominent Columbia dealer in
New York, is continuing to broadcast weekly
for seven weeks, on Fridays at 8 p. m., East-
ern Standard Time.
Mr. De Witt pays for the artists when neces-
sary, and the station time, but Columbia co-op-
erates with him in arranging the programs,
writes continuities, and does the actual direc-
tion of the whole broadcast.
Columbia volunteers similar co-operation
with any other dealers interested in pushing its
Irish records, or those of any other nationality,
and further details may be had from George W.
White, of the company's Foreign Department,
1819 Broadway, New York City.
M. P. Moller Is Active
in Grime Prevention Move
M. P. Moller. head of M. P. Moller, Inc.,
the prominent organ manufacturers concern of
Hagerstown, Md., is very active in the promo-
tion of a permanent society to study and offer
remedies for the prevention of crime, and took
a prominent part in a recent meeting of some
three hundred citizens of Hagerstown and sur-
rounding territory which resulted in the ap-
pointment of a committee of ten to perfect the
organization.
The annual banquet will be held on Thursday
evening under the auspices of the Live-Wire
Club of the Binghamton Chamber of Com-
merce, and entertainment will be furnished by
the club members and others.
The Friday morning session will be devoted
to radio and the speakers will include Ken-
neth W. Marks, of Elmira; B. E. Neal, of Buf-
falo; Reed A. Dimmock, of Binghamton; James
N. Kelley, of Buffalo; P. A. Ware, of the At-
water Kent Mfg. Co., Philadelphia; and Dr.
Sigmund Spaeth, of New York.
At noon on Friday the delegates will be the
guests of the Binghamton Rotary Club at
luncheon and in the afternoon the final business
of the convention, including the election of of-
ficers, will be handled. In the afternoon also
there will be a demonstration in class piano in-
struction by a representative of the Miessner
Institute and an address by D. J. Kelly, super-
intendent of schools in Binghamton, on "Music
in the Public Schools."
New Sousa March Composed
for Spanish Exposition
John Philip Sousa, veteran bandmaster and
composer of patriotic marches, who is now in
his 75th year, has written another march, "La
Flor de Sevilla" (The Flower of Seville), which
he has dedicated to the International Exposi-
tion at Seville, Spain, which will open on
May 7. The new Sousa march will be featured
at the concerts of the United States Army band
during the exposition. The band, under the
leadership of Capt. William J. Stannard, will
leave for Spain on the "Leviathan," which sails
from New York on May 4.
"La Flor de Sevilla" was heard for the first
time on Saturday evening, April 27, in Wash-
ington, D. C, when the Army Band played it
on the occasion of a farewell reception to be
given in honor of the band by the Washington
Chamber of Commerce and the Board of Trade.
The program was broadcast over the Columbia
chain of stations.
New Brunswick Hanger
The advertising department of the Bruns-
wick-Balke-Collender Co., in line with its ad-
vertising of the theme song, is instituting a
new type of window hanger to be known as
the "Brunswick News Flash." It will consist
of a pictorial hook-up with the picture whose
theme songs are being featured, with pictures
of Brunswick artists who have made recordings
of the songs, with "stills" from the movie.
These will be hung in dealers' windows when
the picture featured is playing in their locality,
space being allowed at the bottom of each
hanger for insertion of the name of the theatre
where the picture is booked.
The K. W. Radio Co., New York, has in-
creased its capital stock from $75,000 to $250,-
000.
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