Music Trade Review

Issue: 1941 Vol. 100 N. 6

Music Trade Review -- © mbsi.org, arcade-museum.com -- digitized with support from namm.org
THE MUSIC TRADE REVIEW, JUNE, 1U1
try reports 5,682,000 volumes relating
to music published in 1939; in 1937,
6,722,000, a drop of 16%. Want some
comment? Run a newspaper ad that
you are selling pianos at from 76c a
pound to $1.43 a pound—divide the re-
tail price by the weight, feature this
and get 'em talking.
GENERAL condensation of
piano styles is bound to
occur. Time will be used to
make and sell a limited num-
ber of models, but in larger quantities.
This will be a good move, as right now,
2 or 3 styles give the greatest percent-
age of a mfr's sales. One mfr has a
style " D " that has been perking
crescendo for 4 years, accounting for
half of the company's sales in numbers.
This situation is amazing, and the in-
strument must have just that deft touch
of artistry, appealing as it does to so
many people. It will continue to sell,
too, so the aim of having only a few
good "sellers" instead of a big group, is
both idealistic and idea-istic.
ATEST catalog of lists from a big
company, guaranteed 98% ac-
• curate, must have let the piano
• classification stand since 1925,
for here is what this co. says exists in
piano business: 46 piano action
makers; 5,928 piano-organ dealers;
167 piano-organ mfrs; 133 piano-
organ supply houses; 8 piano back
mfrs; 35 piano case makers; 30 piano
felt makers; 28 piano hammer mfrs; 11
piano key makers; 12 piano string
makers; 28 piano player mfrs; 34 piano
wire makers; 48 piano hardware mfrs;
48 piano stool mfrs; 26 piano player
action mfrs. All of this is a revelation
to what one can buy in the list busi-
ness. Even specializing on pianos, it
is rough enough to keep lists right, but
it is wondered how a Co. in business to
sell lists, can be so far astray on the
piano situation.
Or maybe, we're
asleep!
I
EARSON Co., Indianapolis—10
stores, pianos, radio, musical
insts. and furniture, did $ 1 , -
815,000 in 1940, netting
$65,000; in 1939, $1,773,000,; net of
P
$47,000. 1940 figures 3%% net on
sales, which unless the boss drew out
a big salary—about department store
nets. Grinnell made $87,000first7 mos.
of 1940 ($182,000 for year 1939) but
not knowing sales, no comparison is
possible. Retail piano sales should net
12%—and with smaller dealers, more
—but maintenance of volume requires
intensive selling, which is expensive.
Freuently, less volume gives more
nets.
I T H I N 30 years, every
piano mfr has either moved
or quit producing pianos in
Boston — except one, the
Ivers & Pond Piano Co. at present,
Ivers & Pond is the only symbol of that
once great city piano production, and
the company is to be congratulated on
being the only one to continue the pres-
tige of Boston. I & P also absorbed
the Poole—Emerson, Everett, Mason &
Hamlin, Chickering have moved. Other
producers were: National, Briggs, Mer-
rill, Henry F. Miller, McPhail, Hallet
& Davis, and maybe I've missed one
or not. Vose still there but recently
announced selling entire stock to
Wanamaker's. I don't count F. G.
Smith, etc. as in Boston. Hale—Tuners
Suply Co., Winter Hill,—still as vigor-
ous as ever in the supply field. I got
my early training with this group and
no one can spot the reason for the de-
pletion of Boston as a piano making
center, especially as*a retail absorber
of instruments, Boston is still a good
market. "Our best" to Ivers & Pond,
however, for their vigor to withstand
the changing conditions for many years
to come.
W
LD timers will remember Bos-
ton as the home of such
notables as Edward S. Pay-
son, Wm. H. Poole, John
Anderson, Geo. F. Blake, Major W. S.
Rich, C. C. Briggs, Wm. Merrill, E. N.
Kimball, Jr., E. E. Conway, Willard A.
Vose, A. M. Wright, Edward Mason,
Henry F. Miller. Carle C. Conway
Henry F. Miller, and Wm. Miller. Carle
C. Conway ex-Hallet & Daivs,, left
pianos and heads Continental Can
Co.) Cambridge had 3 action plants;
O
Music Trade Review -- © mbsi.org, arcade-museum.com -- digitized with support from namm.org
THE MUSIC TRADE REVIEW, JUNE, 19J>1
Leominster several case companies,
and most of the supply organiza-
tions now out. Some in this group
were: L. J . Mutty, Hubert Fox, Her-
bert W. Tower, Geo. Faxon, Cambridge
Action Co.
IANO men having trouble
enough on supplies, but not
as bad as radio (aluminum
and nickel). Wire and steel
the main obstacles. Contemplated tax
of 10% is disliked and associations
urging for no tax. Costs of labor up, as
well as supplies, all of which suggests
the wisdom of selling present stock of
pianos at replacement prices, for the
market fluctuation has been up, and is
going higher. We do not expect to see
a piano wholesaled for less than $175—
the cheapest—by the end of the year.
Altho trade-ins will be worth more,
there is no need to be bullish on these
—give the same allowances and put the
difference into promotion. As with
other products, pianos are on the price
upswing, and dealers need worry only
about the lack of inventory. Trying to
get "turnover" these days is danger-
ous, as would be a minimum of stock.
P
F there come a shortage of sup-
plies, we can see the "cheap"
pianos eliminated, for mfrs would
be negligent to use those sup-
plies except on styles that will return
the biggest sales volume. This means
a condensation of styes, but this is not
serious. The upward swing all along
the line of labor and supply costs, and
the uncertain deliveries, are such as to
justify a dealer's expected projection
of stock, by months, for the balance of
1941, and not later than the coming
convention at Hotel New Yorker, July
2 9 - 3 1 , insure himself of these pianos
by long range ordering. Dealers who
stall around the convention exhibits,
and follow the usual custom of so
many, that of returning home and buy-
ing kittinishly, will find their orders so
far down on the shipping lists that
they'll think their names begin with
"Z." Beg pardon, Mr. Zach.
I
ITUATION is such that those old
junk boxes, cluttering up the
cellar can be refinished, reno-
vated, or what it is that the boys
do to them, and sold. It is expected
that dealers will do an increased dollar
volume if they'll use just a fair degree
of intelligence. Increase not only can
come from pianos, but from the addi-
tion of such lines as the marimba and
the vibraharp, easily played by those
who can play the piano. Future looks
bright for piano dealers alert to the new
"times"—it is the mfrs who are doing
the planning and worrying about fur-
nishing dealers with the sinews of the
sale.
S
ITH trade-ins dropping
from about 50% of sales to
about 35%, or a second-
hand take and sale of about
50,000—if we hit 140,000 production
for 1941—it is proof that pianos are
too well built, even if nothing can be
done about it. 50,000 trade-ins out of
the admitted 5,000,000 "punk" pianos
in homes is but 1 % , altho it is 35% of
the new sales. Were but 3% to trade
in the old junk, the industry wouldn't
make enough pianos to take care of the
business. There were 6,000,000 radio
trade-ins last year on home ownership
of about 45,000,000 sets—roughly 14%,
with the industry making 10,500,000
sets to take care of the trade-in and
new sales. So on trade-ins, pianos are
but 7% of the radio trade-in volume.
However, the obselescence of old
pianos versus the new, at least visually,
is 5 times radio. Naturally a product
requiring stability to handle 40,000
pounds of string pressure, can't be
made of mousetrap texture, so an addi-
tional idea to last month's piano policy,
could be to go after old piano owners
and their indifference developed into a
pride of getting the latest. Many up-
right owners are grand potentials, too.
W

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