Music Trade Review -- © mbsi.org, arcade-museum.com -- digitized with support from namm.org
Chicagc
\mdtk
iddle
West
333 NO. MICHIGAN
AVENUE
KIMBALL CO. BUYS MORE
PROPERTY ON WABASH AVE.
The W. W. Kimball Co., Chicago, have
added to their already large loop real estate
holdings by the purchase on July 16 of a
large building immediately adjoining Kim-
ball Hall on the Wabash avenue side. This
has a frontage of forty feet on Wabash ave-
nue, running back to the delivery alley on
the west, approximately 200 feet. Now the
Kimball property, including the seventeen-
story Kimball Hall, runs about 160 feet on
Wabash avenue, with approximately the
same area on Jackson boulevard. This
property was formerly owned by Mrs. S.
Parker Gilbert, the wife of the prominent
financier who was lately the reparations
agent general for Germany in connection
with the Dawes plan, and is now the young-
est partner in J. P. Morgan & Co.
President Curtis N. Kimball said that no
immediate plans were contemplated for
using the new property, but the purchase
merely showed the faith of the great Kim-
ball house in Chicago loop real estate, in
other words, in its definite present and pos-
sibly greater value in the future. Inciden-
tally, it also permits a very profitable
addition to Kimball Hall in the ultimate
future when the Chicago "home of music,"
as it is now called, becomes overcrowded.
Coming on top of the important purchase
of the Welte Tripp Organ Co. of Sound
Beach, Conn., this addition to the Kimball
real estate holdings, because Kimlball Hall
and the ground on which it sits are the
property of the company as well as this new
purchase, is their latest evidence of business
courage, far-sighted vision and great finan-
cial resources.
David W. Kimball, in confirming the
announcement of this purchase, declined to
state the amount involved, but anyone fa-
miliar with the values of Chicago down-
town real estate will concede the desirabil-
ity of the property which is now fully oc-
cupied by high-class tenants and necessarily
involves a large amount of money.
TONK BROS. CO. BUYS OUT
GOTSCH CO. DEPARTMENTS
On July 1 the Tonk BTOS. CO. purchased
the piano tool and repair material depart-
ments of the Walter M. Gotsch Co., Chi-
cago, and moved the entire stock to the
26
FRANK W. KIRK
Manager
Tonk Bros, warerooms at 625 South Wabash
avenue, filling orders sent in bv the Walter
M. Gotsch customers. Paul H. Monnig,
president of the Tonk Bros. Co., sent out a
notice to the trade announcing this deal
under date of July 10, announcing "With this
fine line of instruments added to the depart-
ment we purchased from Lyon & Healy three
years ago, we feel that we are your logical
source of supply. Complete stock, service
and courtesy are worth while considering. We
hope to be able to add your name to our list
of thousands of satisfied customers."
RECENT CHANGES AMONG
LYON & HEALY EXECUTIVES
On July 17 another important Chicago
change was noted in the announcement that
Clyde H. DeAcres had left the service of
Lyon & Healy. In connection with that
President Raymond E. Durham sent out the
following notice, explaining the changes re-
sulting from Mr. DeAcres' leaving:
"Effective today, C. H. DeAcres has re-
signed as vice-president and general man-
ager of Lyon & Healy, Inc., to accept greater
personal opportunities that he has been
offered elsewhere.
"During Mr. DeAcres' four years associa-
tion with Lyon k Healy, Inc., he has made
valuable and lasting contributions to our
business, so that the company is now better
organized and is operating more efficiently
than at any time in the many years of its
successful business operation.
"We regret that, owing to the reduction
in the volume of business in the industry and
the proportionate reduction in our volume,
our business does not permit the retention of
the services of a man of Mr. DeAcres' expe-
rience and ability.
"The following appointments will be made
in the immediate future: Raymond E. Dur-
ham, president and general manager; C. H.
Anderson, executive vice-president and secre-
tary; Walter P. Roche, vice-president, and L.
G. LaMair, treasurer."
Of the new executive grouping, Executive
Vice-President Anderson entered the Lyon &
Healy service as a complaint clerk eleven
years ago, when Marquette Healy was presi-
dent, and Treasurer LaMair has been for
several years assistant treasurer of the house
where he has had five years' service. Vice-
President Walter P. Roche recently celebrated
his twenty-fifth anniversary with the house.
THE
MUSIC
MUSIC TO BE PROMINENT
AT CHICAGO WORLD'S FAIR
Music will play a large part in the "Cen-
tury of Progress Exposition" at Chicago in
1933. The general committee on music, of
which Herbert Witherspoon is chairman,
plans to invite leading orchestral and cham-
ber organizations, bands, operatic and sing-
ing societies and well-known soloists to give
concerts. There will be exhibits of various-
aspects of the music trades and a historical
outline of music crafts to be arranged in co-
operation with committees representing the
music trade of the country.
Rufus C. Dawes, president of the exposi-
tion, and his advisers feel that the exposition
will "provide a musical opportunity for Chi-
cago of the broadest proportions and that it
can be so developed as to turn to Chicago
the attention of music lovers throughout the-
world."
SCHULZ
A
CRITERION
AMONG FINER
PIANOS
SINCE 1869
V
The Schulz catalog depicts
a pleasing assortment of
quick-selling — good-will-cre-
ating pianos.
Write for it.
M. SCHULZ CO.
711 Milwaukee Ave.
CHICAGO
TRADE
REVIEW,
August,
I93fi