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VOL.
XXVII.
No. 2.
Published Every Saturday at 3 East Fourteenth Street. New York, July 9,1898.
WAR AND BUSINESS.
MORE OPINIONS OF MEMBERS OF THE TRADE REGARDING THE BUSINESS SITUATION THE REVIEW
WILL CONTINUE TO PRESENT THE TRADE VIEWS UPON THIS MOST IMPORTANT MATTER,
AS SEEN THROUGH MANY GLASSES BUSINESS MEN IN ALL SECTIONS CON-
TRIBUTE TO THE DISCUSSION—MANUFACTURERS AND DEALERS ARE
INTERVIEWED—SOME VERY ENCOURAGING REPORTS THE
OPINIONS SHOULD FORM A FOUNDATION UPON WHICH
TO BUILD THE STRUCTURE FOR FALL TRADE.
Hollenberg Music Co., Little Rock, Ark.:
— "We think prospects for business are
very good and that the war as we have had
it or as we are likely to have it, judging
from present conditions, will be bene-
ficial : particularly so from a business
standpoint.
"Interest in a common cause which
unites us into one family will naturally
strengthen our country and make our rela-
tions, socially and commercially the better.
For that reason, the writer looks with
favor upon the war as a means to better
the people of the.United States. Whether
or not the interference of any other nation
and the consequent complications would
seriously affect us, is perhaps an unknown
quantity, but the stronger the opposition
against this great and glorious country of
ours, the stronger and closer we will get
together, and in such a case the war is
worth all it costs. When patriotism and
nobility of character are recognized by all
classes, the sordid and mean acts of the
individual become rare.
" I n regard to general prospects and
conditions of trade, we think that the
United States taken as a whole is in a
good condition for all kinds of business
and therefore a better business should and
will be done.
" In our locality everything is favorable
and in fact, without having gone minutely
into detail, we think that at the present
writing, the business of the greater part
of the merchants in this territory for 1898,
is practically as large as the entire business
done in 1897. War, therefore, has caused
no disadvantage to business to the present
time and we do not feel that it will."
Henry F. Hiller & Sons Piano Co., Boston:
— "I am pleased to write you that, in a gen-
eral way, I concur with the opinion of those
who have already expressed their belief
(which perhaps really is father to the
thought) that we shall have a large fall
trade. I believe a reasonable amount of
caution, however, on the part of the manu-
facturers will not be misplaced so long as
the present hand-to-mouth policy on the
part of the dealers continues."
The Ann Arbor Organ Co., Ann Arbor,
riich.:—"We have suffered the loss of
some business in the south, but have made
up for it in other localities. Our ship-
ments for the month of June, '98, were 25
per cent, larger than they were the corres-
ponding month of '97, which is indicative
to us that the war is not ' cutting much of
a figure' in the music trade. We do not
anticipate any depression in our fall trade,
on account of it. As the troops are moved
from the south, the excitement is gradual-
ly dying out there, and we fully expect a
great increase in our southern trade this
fall."
$2.00 PER YEAR.
SINGLE COPIES, 10 CENTS
will depend not so much upon the con-
tinuance or ending of the war as upon the
general crop conditions and prices of our
farm products. We do not believe possi-
ble such reverses to our army and navy as
will affect unfavorably the general finan-
cial condition."
T. E. Dougherty, Schaeffer Piano Hfg.
Co., Chicago:—"No doubt the war has
affected the piano trade temporarily, es-
pecially during the impulse of excitement
during the first few weeks of doubt and
uncertainty, but now, as the people are
getting reconciled to the fact that our
country is at war, the piano business is
getting back to its normal conditions, es-
pecially in the west. Judging from our
own business and present indications, the
writer feels that the piano business will
not be materially affected in the west,
whether the war continues during the fall
or not, but with the bountiful crops at fair
prices, we feel the year will end with a
splendid business."
Wray Bros., Dallas, Texas:—"A con-
servative calculation with reference to the
musical industry in Texas demonstrates
clearly the disadvantages of a National
trouble and the unsettled condition result-
ing therefrom. Just at this time business
S. W. Raudenbush & Company, St. is exceedingly dull, which, however, can
Paul, Minn. : — " From the time that war be attributed to the excessive rains we
was declared we have noticed the decrease have been having in the past month, more
in our business, a number of customers directly than to any other source. This,
refusing to buy because they felt uncertain however, is temporary, and as the sun is
about the future. We think, however, once more shining brightly, we anticipate
that the public mind is now satisfied that a revival as the result of the harvest now
the country is not going to the ' demni- in progress.
tion bow-wows.' Business is somewhat
" But as to your more direct interroga-
slow now, but always is at this time of the tory as to the probable outlook of the
year. As to the future, we anticipate a business for next fall, whether or not the
splendid trade in the fall. We see no war continues. We will say that in our
reasons why there should not be a fine opinion, Texas will enjoy a good business
trade. Crop& are abundant and prices are regardless of the National difficulty, and
good. We are preparing for an active fall beginning not later than the first of Sep-
trade."
tember, we expect a decided improvement
E. Witzmann & Co., flemphis, Tenn.: in all branches of trade, which will con-
- " Trade conditions for the ensuing fall ap- tinue through the fall and winter months.
pear to be above average considerably, We see no reason for alarm along this line,
and unless some unf oreseen disaster occurs, and while we are all watching closely the
outcome of the engagement between Spain
we look for a fair" business.
" It is a little early to base predictions, and our beloved country, yet we feel con-
with reasonable certainty, but the outlook fident that the present army is fully com-
petent to baffle the intentions of the in-
is good."
truder, and we who are left in charge of
Will A. Watkin Husic Co., Dallas, Tex.:
the different branches of business, will
— " I n our opinion the condition and ex-
tent of fall trade in N. Texas in our line,
(Continued on page 6)