Presto

25
PRESTO-TIMES
May, 1931
R A D I O
RADIO RECEIVING SETS
RADIO PARTS
RADIO—PHONOGRAPHS
vania. New York, last month, voted to take direct
action toward curbing the allegedly unfair competi-
Crosley Radio reported for the year ended March 31 tion of the radio with newspapers.
net loss of $917,648, after depreciation and provision
The Radio Corporation of America has announced
President Morris Metcalf of the RMA makes the for liability on uncompleted purchase orders, etc., com- the removal of its offices from the Woolworth build-
pared with net loss of $431,059 in the previous year. ing, New York, to the RCA building, 570 Lexington
following statements about the coming radio conven-
Net loss for the March quarter was $471,690, against avenue, at 51st street, New York. The telephone call
tion in Chicago:
net loss of $696,615 in the like 1930 period.
is Eldorado 5-6300.
'"This year's trade show will be the most important
Renting a radio is now a business in Chicago, well
from the dealer's standpoint that the RMA has ever
established. D. C. and A. C. currents are used and
held. There will be more new radio products this
GRIGSBY-GRUNOW APRIL SALES
the radios are rented out to hotels, hospitals and
year in the trade show than ever before. The trade
April sales were reported as amounting to $2,409,791 offices mostly. The Royal Radio Co., 661 North
show has become a fixture in many industries and
by Don M. Compton, vice-president and general man-
Michigan avenue, at Erie street, is in the business.
dealers and distributors have come to realize that it
The use of radio advertising in Mexico is increasing,
saves them many times what they spend to attend it. ager.
particularly on the part of the larger department
Practically everyone of any importance in these
stores and" breweries, according to a report to the
branches of the trade will be in Chicago the week of
BALDWINS FOR BROADCASTING
U. S. Government from Acting Commercial Attache
June 8th, and it will take four of Chicago's largest
Broadcasting station WSM, Nashville, Tenn., the
Ervvin P. Keeler, Mexico City, on April 24.
hotels to hold them.
National Life & Accident Insurance Co., has just
Ralph L. Corey, Fred Marcher and G. H. Powell.
'The rapidly growing community of interest be-
purchased two model "C" Baldwin Grands for its Correspondent: Guy H. Powell, 120 North La Salle
tween the music and radio trades, and the simulta-
street.
neous holding of the two conventions in Chicago makes station.
the importance of both shows doubly great this year.''
INCREASING GRIGSBY OUTPUT
"Nick" Carter, president, Carter Radio Co., and
Production of refrigerators by the Grigsby-Grunow
vice-president, Utah Radio Products, has just been
appointed chairman of the Radio Industries Commit- Co., Chicago, was stepped up from 750 to 1,000 units
tee of the Chicago WorlcTs Fair. The industry, ac- daily last week and Don M. Compton, vice-president
cording to Mr. Carter, is to have a place of major and general manager, announced the output would
importance among the "live" exhibits at the exposi- probably be increased to 1,500 daily June 1. Mr.
tion, which is expected to draw 350,000 visitors daily Compton said a new motor radio set would be placed
Effective May 15, 1931, H. M. Pauley assumed the during its run of five months, June to November, 1933. in production this week.
position of general service manager of the Grigsby-
Grunow Co. Mr. Pauley will have supervision over
all the service activities of the company, including
PRE-GRADUATION ADVERTISING
The New York State Circulation Managers Asso-
radio, tube and refrigeration departments.
ciation, at its closing session in New York adopted a
Pre-graduation advertising is now timely. Lyon &
resolution extending assurances of willingness to co- Healy, Chicago, take time by the forelock when they
Mr. Pauley will have under him a well organized
and competent staff for both inside and outside work. operate in any way with the American Newspaper advertise as follows: "After school days are over and
It will be the aim of the management and of Mr. Publishers Association in support of its resolution that they are finding tor themselves a place in a new
radio stations should pay advertising rates for the world, they will appreciate more than ever music and
Pauley to put the service department on a twenty-
publication of their programs or they should be
four hour basis; that is, for orders for service or
all its associations with undergraduate hours. Make
replacement material or for any complaints or requests omitted.
your boy and girl happy on their commencement day
for information—full and complete service to be given
with this beautiful little Lyon & Healy Grand."
to the distributor within this period.
The International Voice Recording Corporation,
Belleville, N. J., phonographs and radios, registrar
and transfer company, has been incorporated with
We call attention to the fact that Music Industries
PIANO PRODUCTION INCREASING
Chamber of Commerce and affiliated organizations
President Raymond E. Durham of Lyon & Healy, capital of $250,000.
The Stewart-Warner Corporation, Chicago, reports will occupy room 801 on the eighth floor of the Palmer
Chicago, holds out very hopeful views about the com-
House, where exhibits will be located exclusively.
ing gains in piano production. He says that produc- for the three months ended March 31 net loss after
tion of pianos during the first three months of 1931 depreciation and taxes, $331,756.
Walter G. Swarthout has opened a radio shop in
shows a substantial increase in volume over a year
The creditors' committee in handling the affairs of
ago. He also indicated that, inasmuch as there are the Davis building at Fayette, Mo. He is from
the
H. G. Johnson Piano Co., of Bellevue, Iowa, which
now over 30,000 music supervisors employed in the Moberly, Mo.
failed several years ago, ought to be complimented for
schools of this country, with from 7,000,000 to 8,000.-
L-D Radio Shop, Inc., 4028 Milwaukee avenue, the manner in which they "squeezed" out some cash
000 students studying and interested in music, this Chicago, has been incorporated. Capital, 500 shares
condition is beginning to favorably affect the music non par value. General radio business. Incorporators: for the creditors of the concern, as shown by their
business and will increase sales of pianos during the Shirley R. and Lester S. Dubetz and Carl B. Aplon. recent dividends.
next few years.
Correspondent: Harry J. Lurie, 33 North La Salle
Charles E. Vawter, widely known inventor of more
street.
than 200 radio and electrical devices, died on May 20
Lacrosse Radio Co., 400 West Madison street, Chi- of burns received in an explosion at his laboratory
R. C. A. DIVIDENDS
At the meeting of the board of directors of the cago, has been incorporated. Capital, 200 shares non at his home in the Germantown section of Philadel-
Radio Corporation of America on May 8 the follow- par value. General radio business. Incorporators: phia. His wife was severely burned in the hands when
The American Newspaper Publishers Association, she attempted to extinguish his flaming clothing by
ing dividends were declared: On the "A" preferred
stock, \i/\ per cent (%7]/ 2 cents per share) for the at its 45th annual convention, at the Hotel Pennsyl- wrapping him in a bedquilt.
second quarter of 1931. On the "B" preferred stock,
$1.25 per share for the second quarter of 1931. The
dividends are payable on July 1, 1931, to stockholders
of record June 1, 1931.
IMPORTANCE OF BOTH SHOWS
CROSLEY RADIO'S REPORT
GRIGSBY=GRUNOW'S
NEW SERVICE MANAGER
"BY A FLIP OF A COIN"
Exhibit space in the annual RMA Trade Show in
the Stevens Hotel at Chicago next June was assigned
in New York.at the Hotel Astor last month at an
impartial drawing in charge of four editors of radio
trade magazines. The four radio editors who con-
ducted the show space drawing where Lee Robinson
of the "Radio-Music Merchant," Curtis A. Wessel of
the "Talking Machine & Radio Weekly," Ray Sut-
lilTe of "Radio Retailing." and Glad Henderson of the
"Talking Machine & Radio Journal." By a flip of a
coin Editor Robinson won the honor of drawing the
first exhibitor's name from the hat containing the
names of all trade show exhibitors. Proportionate to
the membership of the RMA, there will be more ex-
hibitors in the trade show at Chicago than ever before
in the history of the association. There will also be
more new radio products on display at Chicago next
month than ever before in anv one vear.
ONE MAN
RADIO TRUCK
With this truck one man can deliver
the popular makes and sizes of Radios
from the show room, on and off the
delivery truck, up the steps or stairs
and into the house or apartment.
$15.00. This same truck not adjust-
able but made for the Victor R-32 and
R-E 45. $12.50. F. O. B. Findlay,
Ohio.
O. C. DENNIS RETURNS FROM WEST
(). C. Dennis, president of the Premier Electric
Co., 1800 Grace street, at Ravenswood avenue, Chi-
cago, recently returned from a four months' sojourn
on the Pacific coast and Hawaiian Islands, having
been away partly for pleasure and incidentally giving
some attention to the business affairs of his concern.
SELF-LIFTING PIANO TRUCK CO.
Findlay, Ohio
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