FINANCIAL NEWS ABOUT RADIO
AND PHONOGRAPH COMPANIES
Capehar! .-Idam Deluxe Model 406
.-/ CAPEHART
IN UOMli
SliTTJNG
The following statement is trom Mr. C. II. Davies, assistant
sales manager of The Capehart.
The above picture is an interior view of the home of Mr. and
Mrs. Wheaton C Ferris, which shows a Capehart Adam Deluxe
Model 406. The sale was made and the photograph sent to us by
the Aeolian Company of Missouri, 1004 Olive Street, St. Louis.
Missouri, who have represented us for the past ten years.
This view is typical of manv hundreds of installations of the
Capehart in St. Louis that have been made by this very fine
dealer.
VIRGINIA SPENCER AND NEW STORYTONE
FEATURED BY KFRC RADIO STATION
KFRC Radio Station, one of the key stations in the Don Lee
Broadcasting System, features Virginia Spencer at their new Story-
tone. Miss Spencer during the World's Fair in San Francisco dem-
onstrated the Storvtone in the RCA Fxhibit. For the past six
months she has been playing a fifteen minute daily Storvtone pro-
gram from KFRC, sponsored by Story & Clark dealers—Lion's
Music Salon, San Jose; Fox Piano Companv, Oakland; and Kohler
& Chase. San Francisco. Recently KFRC has received many com-
plimentary letters about the new Storvtone interlude of piano music
for about five minutes in connection with a weekly short wave
broadcast from Australia sent out over many stations of the Don
Lee Mutual Chain.
PRESTO MUSIC TIMES' GOOD RADIO PUBLICITY
We were pleased to receive a letter from one of the most promi-
nent music merchants along the Pacific Coast congratulating us
on the April issue. We are quoting the second paragraph of this
letter which shows that Presto Music Times is an outstanding
medium for publicity on radios, records, and combinations, and
other musical instruments. The letter reads :
"1 also wish to congratulate you on this issue because after
reading it I gained much in practical information, especially on
radio combinations, records, etc. I was also interested in the
article and photograph showing the new Everett Orgatron installa-
tion in the Catholic Cathedral at Corpus Christi."
I'ACK TWKXTY-TWO
A report on "Radio and Phonograph Manufacturing Corpora-
tions," in the Federal Trade Commission's project for the collec-
tion of annual financial reports from a large number of industrial
corporations operating in many of the principal industries of the
United States, has just been issued. The seven corporations whose
financial reports are combined represent seven of the more import-
ant concerns that specialize in the manufacture of radios and phon-
ographs, from the standpoint of investment and value of goods
sold. The data are shown in combined form and in a manner that
does not identify the results of any individual corporation.
The classification of "Radio and Phonograph," as used, refers
to the corporations that are engaged primarily in the manufacture
and sale of radio receiving sets, radios, phonographs, record play-
ers, radio parts and radio transmitting parts and equipment, but
does not include telephone and telegraph equipment. The prelim-
inary report of the Bureau of the Census shows that the combined
"value of products" for radios, radio tubes, and phonographs, on
an establishment basis, amounted to $275,870,165 for the year 1939.
The seven corporations included in this survey reported consoli-
dated sales for the year 1939 aggregating $208,263,233, or approxi-
mately 75.5 per cent of the total value of products reported by the
Bureau of the Census.
Of the total sales, $190,208,270, or 91.3 per cent, represented
domestic sales and services, and $18,054,965 or 8.7 per cent, rep-
resented export and foreign sales and services.
HEARST ROUND-TABLE LUNCHEON
The picture below illustrates a point of interest raised during
the Hearst Round-Table luncheon at the Warwick Hotel, in New
York, which brings grins of appreciation to the faces of Walter
C. Krause, Vice-President of Lord iS: Thomas; Barry Wood, Amer-
ican Hit Parade baritone and Victor recording artist; Thomas F.
Joyce, RCA Victor Vice-President and Advertising Director; and
Dick Yaffe, Xew York |ournal-American music critic. Mr. Joyce
addressed the Round-Table luncheon on the progress ol recorded
music.
Left to right, IValter C. Krause, Barry Wood, Thomas
F. Joyce,. Dick Yaffc.
1'RKSTO Ml'SlC T1MKS
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