Music Trade Review

Issue: 1954 Vol. 113 N. 1

Music Trade Review -- © mbsi.org, arcade-museum.com -- digitized with support from namm.org
NAMM Looks Forward to 1954
# The year just ended was a good year by any yardstick. Just how good it was must
await release of final statistics.
# 1954 is expected to be almost as good as 1953. although a downward drift is expected,
which may turn upward by the end of the year.
# "Fortune" magazine predicts that Gross National Product will be about 3 percent
less than the peak of 367 billion dollars hit in 1953.
#
Industrial production in 1954 will decline about 6 percent from last year's high.
#
Federal spending will be close to 67 billion, or 5 million off from 1953.
# Military and Foreign aid will be near 38 billion, a decline of 4 billion dollars
from '53.
# The demise of the excess profits tax will leave business with 3 billion dollars more
than last year, while the 10 percent cut in personal income taxes will give individuals about
the same amount of extra money. If the increase in the social security tax to 2 percent on
January 1, is not reduced, it will cut the extra funds for business and individuals by about
600 million dollars each.
# Manufacturers, wholesalers and retailers face a sales dip and will reduce their
inventories of hard goods by roughly 4 billion dollars during the year. Soft goods sales
should remain steady at current levels.
# Factory wages rose 3 percent in 1953, while industrial and living costs rose 1 percent.
Farm prices declined 6 percent.
#
Farm prices and the cost of living will hold steady in 1954.
#
Capitol spending for plant and equipment will drop 6 percent.
# Personal Income with the lower taxes after January 1, will keep disposable income
close to the recent peak of 250 billion dollars annually.
# Personal Savings, about 7 percent of disposable income in 1953 will slide off as
overtime earnings disappear.
# Consumption expenditures should hold fairly steady in 1954. though there will be
less spending on goods and more in housing and services.
#
The growing baby crop requires more dollars for food, clothing and accessories.
#
Home Construction will run about 1,100.000 units.
# Public works will expand in the next two years to offset cutbacks in defense
spending.

#
Money will be looking for borrowers.
# Credit—both long and short term interest rates will soften. Money will be relatively
plentiful.

# Business—while it won't walk up to you, and knock you down—will be there. Those
who meet 1954 halfway—will receive their just rewards.
THE MUSIC TRADE REVIEW, JANUARY. 1934
Music Trade Review -- © mbsi.org, arcade-museum.com -- digitized with support from namm.org
One Hundred New York Piano Trade
Members Attend 41st Year End Luncheon
annual Year-End Luncheon
T place HE of on 41st
the New York Piano Trade took
December 29th at the Hotel
McAlpin. Approximately 100 members
of the industry were present. Seated at
the Speakers Table were Percy Gatz.
Vioe-President of the American Society
of Piano Technicians, who brought a
few words of greeting from President
Davis, of that association, and men-
tioned the fact to the members of the
trade present that plans are being
gradually formulated for the merging
of the A.S.P.T. and the National As-
sociation of Piano Tuners, a discus-
sion regarding which has been going
on for some time. He stated that an
important announcement would prob-
ably be made at the time of the next
annual meeting of the A.S.P.T.
Other members of the industry who
sat at the Speakers Table and gave a
brief greeting to those present were
Thomas Pritchett, Aeolian-American
Corporation, and Past President of the
National Piano Travelers Association;
William H. Steinway. Vice-President of
Stein way & Sons; John E. Furlong.
President of the National Piano Manu-
facturers Association; Howard Cush-
ing. President of the National Piano
Travelers Association; A. S. Zeisler.
Secretary of the National Piano Trav-
elers Association; Gustave Behning.
Kohler & Campbell. Inc.. and H. R.
Lullman, Vice-President of the Estey
Piano Corp., Bluffton, Ind., the person
who came the longest distance to at-
tend the luncheon.
At the close of the luncheon, Carle-
Ion Chace. Master of Ceremonies,
called for a silent moment out of re-
spect for the following members of the
industry who had passed away during
the year: A. J. Jacobson. formerly of
the Concourse Piano Co.. 58 years of
age; Charles H. Lemp. American Pi-
ano Supply Co.. 72 years of age; John
Kubicek, \ onkers. N. Y.. 63 years of
age; F. Fred Colber. Baldwin Piano
Co.. 80 years of age; Percy Temlett.
Campbell Temlett Piano Co., Paterson.
N. J.. 67 years of age; Dr. Alexander
Hussell, formerly General Manager of
the Wanamaker Piano Dept.. Syracuse.
N. Y.. 73 years of age; Samuel Orr.
piano dealer of Newark, N. J., 86
years of age: Melville Clark, President.
Clark Music Co.. Syracuse. N .Y., 70
years of age.
Mr. Chace then read a message of
regret from A. Dalrymple who stated
that he was unable to attend due to ill
THE MUSIC TRADE REVIEW, JANUARY, 1954
health, and also a letter from Max J.
DeHochemont who stated that he was
leaving for Louisiana the day before
the luncheon and wished to extend best
holiday wishes to all those present.
Mr. Chace then read a letter which he
had received from Joseph \\ . Martin.
Jr., Speaker of the House of Repre-
sentatives in Washington. D. C. in re-
sponse to an invitation he had sent him
to attend the luncheon, as follows:
"Thank you very much for your lunch-
eon invitation for Tuesday. December
29th. Whether I can do so must de-
|>end entirely on the urgency of my
schedule in returning to Washington.
Much as I would like to be with one
of the Fall Hiver Chaces, I am afraid
there is little chance that I can take
the time to stop over in New York so
close to the opening of a new session
of Congress. 1 regret this very much.'*
The guests were then entertained by
Marie Alvarez who also created con-
(Turn to page 12)
DOLGEVILLE PLANT
For More Than
Fifty Years
ADIRONDACK SPRUCE SOUND BOARDS (Quarter Sawn)
SPRUCE KEYBEDS (Quarter Sawn)
HARD MAPLE BRIDGES (Quarter Sawn)
STRAIGHT GRAINED BIRCH HAMMER MOULDINGS
And Other Miscellaneous Piano Parts
have been and still are being produced in Dolgeville, N. Y.
Our facilities permit delivery from our
own Adirondack forests to your plant
and due to our reforestation program
guarantee uniform quality and service
for many years to come.
NORTH HUDSON EQUIPMENT CO.
Dolgeville
.^^%S^<
FROM FOREST TO YOU
New York
TEL.: Dolgeville 5251

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