10
PRESTO
DISSEMINATING OF
TRADE INFORMATION
New and Singular Question of Law Arises
Concerning Right of Associations to
Send Data to Members.
New York manufacturers have recently been con-
ferring with Attorney General Stone to ascertain how
far associations may legally go in collecting and dis-
seminating information among their members. Such
a question would never have arisen had it not been
for the action of certain organizations using the
gathering and distributing of data as a means or
cloak for forming combinations in violation of the
anti-trust laws.
The wording of a decision of the United States
Supreme Court against such a combination was con-
strued by the late Attorney General Daugherty as
forbidding entirely the collating and distribution of
figures of production, stocks on hand and similar
data. It was even declared to be illegal for such
information to be made public by officers of the
Government.
Mr. Daugherty's view, if put in operation literally,
would prevent the issuing of statistical reports of
factory operations and of other information calcu-
lated to inform those engaged in industries. It would
imply that ignorance of conditions is better than
knowledge to those engaged in business enterprises.
This, of course, is an absurdity.
But, on the other hand, according to the New York
Times, it is clearly illegal for trade associations to
indulge in price fixing and to gather data to be used
for that purpose. Where to draw the line between
what the laws favor and what they condemn is not
always easy. In the matter now under consideration
it is proposed to make up a test case for submission
to the courts, so that it may be clearly defined exactly
what trade associations may do.
But there will always remain one determining fac-
tor—that is, the purpose for which the data are col-
lected and distributed. It is the "rule of reason" with
which the anti-trust laws are mitigated.
NEW INCORPORATIONS
IN MUSIC GOODS TRADE
New and Old Concerns Secure Charters in Various
Places.
Moberly Music Company, Moberly, Mo., with a
capital stock of $10,000.
The Graul Music Shop, Green Bay, Wis.; $50,000.
D. M. Graul and Robert E. Lauer and Alma L.
Graul.
World Talking Machine Co., New York; $5,000; S.
Bennan, B. B. Weinberg and D. Rubin.
Mayer Bros. Piano Co., Manhattan; 5 shares com-
mon stock, no par value; J. T. and S. M. and C. S.
Mayer. Attorneys, Gleason, McLanahan, Merritt &
Ingraham, 111 Broadway, New York.
Moore Music Co., Burlington, N. C; $100,000; J.
S. Moore, president; W. P. Moore, secretary and
treasurer.
Oaks Music Co., Cincinnati; $5,000; George J.
Oaks.
Frix Piano & Radio Co., Inc., Danville, Va.; $50,-
000; G. A. Frix, C. S. Conway and A. M. Frix.
Gunst Music Co., Dallas, Tex.; $30,000; Peter
Gunst, B. B. Samuels and J. S. Aldridge.
World Talking Machine Co., New York city;
phonographs; $5,000; David Rubin and others.
Oh Pep Phone Parts Co., 6012 Cottage Grove ave-
nue, Chicago; phonographs; $30,000; E. Strassburger
and others.
The Terry Music Shop, El Dorado, Ark.; $10,000.
The Montelius Music House, Third, and Univer-
sity streets, Seattle, Wash., recently increased its
capitalization from $60,000 to $100,000.
Blackmail Music Co., Kansas City, Mo.; $40,000;
musical instruments, radio and other merchandise.
K. K. Paynter, president; A. P. Gorradt, secretary;
W. G. Frederick, principal agent, 1209 Walnut street.
Bowden & Leblanc, Salem, Mass.; $40,000; musical
instruments. Adrien Leblanc, 61 Lawrence street,
Salem, and Arthur D. Fowler.
The C. J. Schmidt Piano Co., Tiffin, Ohio; $25,000;
general wholesale and retail music business. F. F.
Spain, Ralph Sugrue, C. M. Hershberger, J. W.
Alberton and Charles J. Schmidt.
Grand and
Reproducing
Grand Pianos
are the last word in
musical perfection.
Lester Piano Co.
Testimonials for the Hardman piano from cele-
brated artists have been compiled in loose-leaf form
for the use of dealers by Hardman, Peck & Co., New
York. The testimonials are printed on a heavy grade
of fine paper and in each case the artist's words are
accompanied by a portrait. The first series of eight
arc testimonials from famous artists of the Metro-
politan Opera Company, New York, including one
from the late Enrico Caruso, who was a particularly
enthusiastic Hardman owner. Others are Giacoma
Lauri-Volpi, Jose Mardones, Beniamini Gigli, Elise-
beth Rethberg, Luisa Tetrazzini, and Giulio Gatti-
Casazza, general manager of the opera company.
SWAN ORGANS
The tremendous superi-
ority of the SWAB Reed
Organs over all others lies
in the absolute mechanism
and scientific perfection ia
the bellows action and stop
action, making it the best
value in modern o r g a n
building.
S. N. SWAN ft SONS, <*•**.»* FREEPORT, ILL
For QUALITY, SATISFACTION and PROFIT
NEWMAN BROTHERS PIANOS
NEWMAN BROS. CO.
Factories, 816 D1X ST., Chicago, 111.
A QUALITY PRODUCT
FOR OVER
QUARTER. OFACENTURV
The Christena-Teague Piano Co., Indianapolis, re-
ports good activity in the higher-priced grands and
reproducing instruments.
1306 Chestnut St.
Philadelphia
HARDMAN TESTIMONIALS.
are of the highest grade
t h a t c a n be obtained
through over 50 years of
p r a c t i c a l experience in
piano and organ building.
Illustrations a n d c a t a -
logues of various styles
will be furnished p i a n o
merchants on application,
ErtablUhed 1870
STARR IN SAN FRANCISCO.
The Starr Piano Co., Richmond, Ind., has ad-
mirably situated offices and showrooms on the third
floor of the Furniture Exchange Building, San Fran-
cisco. The company has occupied space in the old
Furniture Building and moved to the new and up-to-
the-minute Furniture Exchange at its completion.
The magnificent nine-story structure is the headquar-
ters of the furniture industry in San Francisco and
the character of the activities of the occupants is
suggestive of business for the Starr Piano Co. Many
furniture dealers handle pianos and phonographs and
the piano and talking machine lines of the Starr
Piano Co. are leaders with furniture houses in many
places. During the recent furniture week in San
Francisco many additional furniture houses were
added to the list served by the San Francisco head-
quarters of the Richmond, Ind., industry, according
to J. W. Steinkemp, the manager.
TO MOVE IN SPOKANE, WASH.
Sherman, Clay & Co., piano dealers of San Fran-
cisco, Calif., and pioneers in the Spokane, Wash.,
field, will soon move to a new location in Spokane.
Their present location at W808 Sprague street has
been leased by the Western Union Telegraph Com-
pany, who are to take possession of the building be-
fore July 1. The second floor of the building has
been sub-leased and will be retained temporarily by
the Sherman, Clay company as a wholesale store and
warehouse. Sherman, Clay & Co. has occupied the
present location continuously since August of 1906,
with the exception of several months during 1914,
when repairs on the building were being made.
W. E. Austin is manager of the Spokane store.
SWAN PIANOS
V
June 14, 1924.
Grand, Upright and Player Pianes
New Haven and New York
Mathushek Piano Manufacturing Co.
132nd St. and Alexander Ave.,
NEW YORK CITY
H e r & Collins
Pianos
5 2 0 4 9 * W. 4«Nl S
NEW YORK
Place That Want Ad in The Presto
POOLE
GRAND AND UPRIGHT PIANOS T
AND
PLAYER PIANOS
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