Presto

Issue: 1924 1962

March 1, 1924.
PRESTO
LYON & HEALY SALES
LARGEST IN HISTORY
That they understand to be a guarantee of the high-
est grade in any piano in which it is found. The
business being accomplished in the Wessell, Nickel
& Gross factory at any time is a sure guide to the
tendencies of piano customers.
Balance Sheet Shows an Increase in 1923 Over
1922 of More Than Half a Million Dollars.
HARRY VEATCH CATCHES
MUSICAL MERCHANDISE FISH
The Lyon & Healy balance sheet of December 31,
1923, reached the stockholders this week, and is sub-
mitted by M. A. Healy, president of the Chicago
concern. The date of the audit by a firm of certified
accountants is February 20, 1924. The introductory
from Mr. Healy to the stockholders reads:
February 21, 1924.
To the Stockholders: We submit herewith the cer-
tified balance sheet of our company at the close of
the year ended December 31, 1923.
Net sales were $8,260,313.48, being the largest in
the company's history, and showing an increase over
1922 of $585,44578.
It will be seen that the company has further im-
proved its position during the year. The net profits
from operation after all charges (including reserve for
Federal income taxes) were $502,901.96. This com-
pares with net profit last year of $377,434.10. After
payment of dividends on preferred stock, $345,101.15
was carried to surplus.
The company has acquired a new wholesale build-
ing at 1532-36 South Wabash avenue during the year.
It is a six-story and basement, concrete, sprinkled
building, located on the St. Charles Air Line, with ex-
cellent switching facilities from a number of railroads.
It is conveniently located, from the standpoint of
service to the retail store. Practically all of our
wholesale business is now being carried on at that
location, with a consequent lower operating cost. The
space relinquished in the retail store is largely being
made available for subletting to outside tenants, al-
though partially to be used for expansion of retail
stales activities. This readjustment of our business
is already making for greater economy and improved
net results.
The cash situation of the company has been
strengthened during the year, all bank loans having
been liquidated. We are operating on smaller inven-
tories than ever before.
The company looks forward to the handling of a
satisfactory business during 1924, and to a continua-
tion of its efforts to further improve its position.
On Pleasant Afternoon at Corpus Christi, Tex., Lyon
& Healy Traveler Lands Big One.
Harry Veatch, the Texas traveler for Lyon &
Healy, Chicago, loves to make his week ends at Cor-
pus Christi whenever he is within reasonable dis-
tance of that enjoyable place. It is a good place to
rest and the recreations include fishing at which he
is adept. In the accompanying picture Mr. Veatch
in comfortable overalls is shown exhibiting a drum
weighing 25 pounds which he had just caught.
The scientific moniker of the drum is Scisenop
ocella and it gets its name from the ability to make
a drumming noise, which gives it a certain relation-
QUALITY
in Name and in Fact
TONE, MATERIALS, CONSTRUCTION,
WORKMANSHIP, DESIGN—all in ac-
cord with the broadest experience—are
the elements which give character to
Bush & Lane Products.
BUSH & LANE PIANOS
BUSH 8 LANE CECIL!AN PLAYER PIANOS
take high place, therefore, in any com-
parison of high grade pianos because of
the individuality of character which dis-
tinguishes them in all essentials of merit
and value.
BUSH & LANE PIANO CO.
Holland, Mich.
SUCCESS
is assured the dealer who takes advantage o?
THE BALDWIN
CO-OPERATION
PLAN
which offers every opportunity to represent
under the most favorable conditions a com-
plete line of high grade pianos, players and
reproducers.
for Information mil*
$tano Company
Incorporated
CINCINNATI
INDIANAPOLIS
LOUISVILLE
CHICAGO
ST. LOUIS
DALLAS
NEW YORK
DKNTBB
8AM FKANCMCO
The Beppe, Marcellus and Edouard Jules Flaao
manufactured by the
WESSELL, NICKEL & GROSS
SEES TREND OF TRADE
Continuous Call for Company's High Grade Actions
Significant of Condition in Retail Trade.
A good and steady demand for the Wessell, Nickel
& Gross piano actions, "The Highest Grade and One
Grade Only," is strong evidence that the piano buying
public is interested in the better grade of instruments.
This tendency of the piano buyers is reflected in the
activity in the factories of Wessell, Nickel & Gross
at 45th street, Tenth avenue and W. 46th street, New
York.
The demand for the high grade actions of Wessell,
Nickel & Gross is significant of a pleasant condition
in the retail piano trade. That is the wider knowl-
edge among the customers of the facts relating to
the construction of pianos. The intelligent and re-
fined piano customer, able and willing to pay for the
best, is usually well informed about the requirements
of the best piano and the essential things that put
it in that exclusive class. Of course they are aware
of the merits that constitute the best action and nat-
urally they are prejudiced in favor of the piano
which contains the Wessell, Nickel & Gross action.
Cincinnati Factories of The Baldwin Piano Company
HEPPE PIANO COMPANY
are the only pianos in the world with
Three Sounding Boards.
Patented In the United States. Great Britain*
France, Germany and Canada.
Liberal arrangements to responsible agent* only*
Main Office, 1117 Chestnut St.
PHILADELPHIA. PA.
HENRY VEATCH (IN OVERALLS) AND HARRY
HALKYER.
ship to the musica 1 merchandise business. The
Veatch smile, familiar to dealers who give him an
order, is seen in the kodak picture. He got what he
went for. It is in contrast to the grim look of his
companion and fellow traveler, Harry Halkyer, who
was disappointed because the drum wasn't a whale.
The fishermen caught in a short time last Sunday
afternoon more than half a dozen specimens of
drums weighing from 25 to 45 pounds, and quit drag-
ging them in for the simple reason that the skiff from
which they were fishing had reached its capacity and
could hold no more. In addition to the drums the
two men caught a number of trout.
Coming into the city with their catch strung along-
side their auto much comment and attention was
drawn, and when displayed in the city later was the
center of attraction.
Small
Grand
Five foot case full
grand tone, beautiful
design and finish.
Lester Piano Co.
1306 Chestnut
Philadelphia
St
SELLS GULBRANSENS FROM HOME.
A. O. Bellerive, who makes a specialty of the Gul-
bransen line of playerpianos, sells from his resi-
dence, 1404 North Karlov avenue, Chicago. It saves
rent; it gives the man a chance to get his breakfast
at home; and when he is back at his place of busi-
ness, he is also at home. Mr. Bellerive says that five-
sixths of his business is represented in his sales of
Gulbransens.
READS PRESTO AND KEEPS IT.
H. S. Dickey, the piano man of Newton, Kansas,
whose store "next to the post office" has more than a
local fame, is a discriminating reader of trade litera-
ture He writes: "I still read Presto, cover to cover,
and I have my files complete for the past 7 years.
How's that? It speaks well for the paper, anyway,
doesn't it?"
The Platt Music Co., 6614 Hollywood boulevard,
Hollywood, Los Angeles, Cal., has succeeded the
Forrest Studio.
When in doubt refer to
PRESTO BUYERS GUIDE
Enhanced content © 2008-2009 and presented by MBSI - The Musical Box Society International (www.mbsi.org) and the International Arcade Museum (www.arcade-museum.com).
All Rights Reserved. Digitized from the archives of the MBSI with support from NAMM - The International Music Products Association (www.namm.org).
Additional enhancement, optimization, and distribution by the International Arcade Museum. An extensive collection of Presto can be found online at http://www.arcade-museum.com/library/
PRESTO
March 1, 1924.
WHAT OF FUTURE?
PIANO MAN ASKS
IT IS A FACT
That SEEBURG ELECTRIC
PIANOS can always be
relied upon.
Comparison of Music Industry Statistics for
Two Periods and Changed Habits of
Possible Piano Buyers Suggest
the Question.
SOMEWHAT PESSIMISTIC
IT IS A FACT
that SEEBURG ELECTRIC
PIANOS are dependable.
IT IS A FACT
that SEEBURG ELECTRIC
PIANOS are durable.
Of Course There Were Not 350,000 Pianos Made
Last Year, But There Were Enough, and
This Year Won't Be So Bad.
BANQUET FOR PACKARD
SALESMEN AND OTHERS
By E. F. LAPHAM.
A trade magazine the past week says: "Any report
of conditions in Chicago and the Middle West during
the last week that calls business good misconstrues
the situation. Business has not been good with either
wholesale or retail." Melville Traylor, president of
the First National Bank said before the Credit Men's
President A. S. Bond Makes Principal Address at An-
thony Hotel and Employes Provide Features.
IT IS A FACT
that SEEBURG ELECTRIC
PIANOS when sold on in-
stallments bring back the
money quicker than any
other piano sale.
A banquet at the Anthony Hotel, Fort Wayne, Tnd.,
closed the conference of the sales force of the Packard
Piano Co., held for three days last week in the fac-
tory offices. Sixty guests made up of salesmen, office
help, officials and several dealers from other cities
participated in the enjoyable event.
The periodic meetings of the Packard forces are
evidences of the energy and enterprise as well as of
the harmonious feeling that distinguishes the big
Fort Wayne piano industry. These functions sym-
bolize the Packard Piano Co.'s system of co-operation
which has attracted widespread attention and which
is based on the formula: "If there is no harmony in
the factory, there will be none in the piano." All
such meetings like that of last week are evidence of
the cohesion and unity of interests which results in
the production of the winning line of Packard instru-
ments.
A. S. Bond, president of the company, delivered the
principal address of the evening, after which the
toastmaster, Glenn W. Mills, called on salesmen and
dealers for short talks. Musical entertainment during
the evening was given by employes of the company in
attendance.
CABLE=NELSON PIANO CO'S.
NEW STYLE D PLAYERPIANO
IT IS A FACT
that SEEBURG ELECTRIC
PIANOS are real pianos,
built to stand the hard
usage a c o i n - o p e r a t e d
piano gets.
IT IS A FACT
that your stock is incom-
plete without SEEBURG
ELECTRICS.
IT IS A FACT
that you ought ,to write
to-day for catalogue and
particulars.
Doit!
J. P. SEEBURG
PIANO CO.
CHICAGO
the piano industry, slow but sure, is the concentra-
tion or absorption of small piano manufacturers by
the larger corporations. This movement is also tak-
ing place in the automobile industry and is the
tendency of the times. It is stated that 90 per cent
of the automobiles sold are produced by 10 per cent
of their manufacturers. The public are also getting
fed up on music. You go to dinner at a restaurant
or club and music is played while you dine, you go
to the movie, theater or dancing hall and more music,
if you remain home the radio is supplying more mu-
sic. Last Sunday eight high-class concerts were given
in Chicago. I am not pessimistic but these are con-
ditions that must be given serious thought. What is
the answer?
ILLINOIS
E. P. LAPHAM.
Association this week: "The mind of the American
people was never more unsettled," which causes us to
ask: "What of the future?"
Ten years ago I gathered some statistics of the
musical industry. I recall one of the best years in
piano production was said to be 325,000 pianos. Last
year, so it is stated, 350,000 pianos were manufactured.
This in a prosperous country of 110,000,000 people
is a small number of pianos to be marketed and you
can see we are not showing a proportionate increase
in production in keeping up with the increased popu-
lation.
Autos and Home Life.
Do not let us fool ourselves but look conditions in
the face as th«y exist and see what conclusions may
be drawn. The first factor to be considered is the
effect of the sale of automobiles on the piano business.
I have seen statements where in cities of 30,000 95 per
cent of the automobiles sold had a mortgage on the
machine purchased. This means people buy auto-
mobiles who cannot afford them and this large class
will be kept financially embarrassed by the upkeep of
their machines. But of greater importance is the
tendency toward breaking up of home life by those
autoists who think they must get the benefit of their
investment by continually being on the go most of
the time.
Then we come to another factor we must now
contend with. It is that the people with real money
are taking extended vacations, both in the winter and
summer, going to Florida or California during the
winter months and in the summer to their homes in
the north woods, etc., perhaps living for the short
period they are in the city in some family hotel. Not
much chance of selling them even if successful in
finding them at home.
It Has New Features That Will Make It One of the
Most Attractive Players.
The Cable-Nelson Piano Company, Chicago, now
has a new Style D playerpiano, a sample of which
was shown to a Presto representative on Tuesday of
this week.
In these new style instruments the manufacturers
are using either Standard or Simplex player actions,
and all instruments are made with care, up to the
usual Cable-Nelson standard of quality.
Style D playerpiano has a height of 4 feet 6 inches,
and the cases are mahogany, oak or "Cable-Nelson"
walnut.
HANDSOME TERRE HAUTE STORE.
The remodeling and redecorating of the Bruns-
wick shop, Terre Haute, Ind., has been completed.
The store has been beautifully repainted in a finish
of white enamel and mahogany, artistic panel effects
on the walls; the Grand Room has also been refin-
ished to harmonize with the rest of the store. New
lighting effects and fixtures have been added. John
Jensen, the manager, said this week: "We are cer-
tainly proud of our newly finished store; it is the
result of several ideas I have seen carried out in other
cities and I believe we can place ourselves amongst
the most beautiful stores in the state; in fact, we have
already taken the name, 'The Store Beautiful,' and I
believe we will measure up to it."
BUYS OHIO BUSINESS.
W. E. Jones, Mansfield, O., has purchased the
stock, fixtures and good will of the Seamann Music
Company, Galion, O., and will continue the business
under the management of W. D. Casto and his son
William. The new proprietor will augment the piano
and player piano lines by small goods, records and
sheet music
A Condition for Thought.
JONES REPRESENTS APOLLO LINE.
Now we come to the people who are fairly well-
to-do, who have a home and stay there. They are
mostly buying radios, which will hold their interest
for an indefinite period. Another painful fact is that
many buyers of small grands while pretending to be
interested in the musical quality of the instruments
inspected, are really buying them as a part of their
furnishings. Another important change going on in
E. R. Jones is now general eastern representative
for the Apollo line of pianos. Mr. Jones was located
in New York for ten years, but, with his new con-
nection, Boston will be his headquarters, his place of
business being at 120 Boylston street.
Gerhard Borlaug, an expert tuner and repairman,
has opened a music house at Calmar, Iowa.
Enhanced content © 2008-2009 and presented by MBSI - The Musical Box Society International (www.mbsi.org) and the International Arcade Museum (www.arcade-museum.com).
All Rights Reserved. Digitized from the archives of the MBSI with support from NAMM - The International Music Products Association (www.namm.org).
Additional enhancement, optimization, and distribution by the International Arcade Museum. An extensive collection of Presto can be found online at http://www.arcade-museum.com/library/

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