Music Trade Review
Issue: 1903 Vol. 37 N. 26 - Page 8
Music Trade Review -- © mbsi.org, arcade-museum.com -- digitized with support from namm.org
THE MUSIC TRADE REVIEW
8
tificial demand created by the Crimean War and England, France
and Germany were equally affected with the United States. The
crisis of 1873 was an industrial rather than a financial one.
EDWARD LYMAN BILL,
Editor and Proprietor.
J. B. SPILLANE. Managing Editor.
EXECVTIVC STAFF:
GEO.
THOS. CAMPBELL-COPELAND,
A. EDMUND HANSON,
B. KELLER,
A, J. NlCKLIN,
BOSTON OFFICE :
W. MURDOCH LIND, 694 Tremont St.
GEO.
EMILIE FRANCES BAUER
W. QUERIPKL.
CHICAdO OFFICE:
E. P. VAN HARLINGEN, 36 La Salic St,
PHILADELPHIA OFFICE : R. W. KAUFFMAN.
Published Every Saturday at 1 Madison Avenue, New York.
Entered at the New York Post Office as Second Class Matter.
SUBSCRIPTION (including postage), United States, Mexico and Canada, $2.00 per
yenr; all other countries, $4.00.
ADVERTISEMENTS, $2.00 per inch, single column, per insertion. On quarterly or
yearly contracts a special discount is allowed. Advertising Pages $50.00; opposite reading
matter, $75.00.
REMITTANCES, in other than currency form, should be made payable to Edward
Lyman Bill.
THE ARTISTS'
DEPARTMENT
On the first Saturday of each month The Review contains in its
"Artists' Department" all the current musical news. This is effected
without in any way trespassing on the size or service of the trade
section of the paper. It has a special circulation, and therefore aug-
ments materially the value of The Review to advertisers.
n i D r r T n o v «r >iiNn
£»Vi,J\rTi7»r»«
MANUFACTURERS
directory
f o u The
nd o
n a e
of piano manufacturing firms and corporations
P B 85 will be of great value as a reference for
dealers and others.
YONG DISTANCE TELEfHONE-NVMBER 1745-E1GHTCENTH STREET.
NEW YORK. DECEMBER 26, 19O3.
EDITORIAL
X~2 OR some time past reports from principal retail piano centers
*•
in the East have not been encouraging, and it cannot be de-
nied that holiday trade in several important cities has been in
many ways disappointing.
Observations made through recent journey ings in the West
show that in that section of the country ideal business conditions do
not exist. In a number of Western piano strongholds, dealers have
informed us that the holiday trade was not up to their expectations.
*~P* HE crisis of 1893 was so recent as to be fresh in the minds of
most of us. It was due, as we all know, to distrust of our
currency system. The fear that paper money and silver would not
be maintained at a parity with gold led to the hoarding of the yellow
metal and the contraction of credit.
It cannot be denied that the recent troubles in Wall Street are
local in their nature, due to the adoption of dishonest methods by
men who have been regarded as great and honorable financiers.
The Wall Street conditions of to-day are not a reflex of the busi-
ness conditions of the country, but may truthfully be described as
the boomerang of rascally stock jobbing, and every piano merchant
over America has suffered to a greater or less extent as the result
of the action of the buccaneers of Wall Street.
T has been as we predicted, some two months ago, when looking
over trade conditions in the West, that before the first of the
year that section of the country would feel the advancing wave of
depression from the East. There is, however, in the present situa-
tion not enough to discourage or dishearten anyone, but to say that
times are booming and that holiday trade has been extremely satis-
fying in all parts of the country would be to express an untruth, and
The Review is not catering to win a reputation of that kind. We
should not blind ourselves to facts, and it is better to look at the
matter squarely than to affirm that conditions are what they are
not.
I
P ) EPORTS now being received by The Review from special rep-
*• ^ resentatives and from piano merchants in various sections of
the country indicate that no further reaction is anticipated. The
country is generally prosperous, and while manufacturing enter-
prises and retail piano sales may not be forging ahead quite as
rapidly as in the past, there is absolutely no occasion for apprehen-
sion.
The West unquestionably is feeling the effects of the Wall street
We should prepare for the new year, and make such prepara-
depression, which has proved detrimental to the piano business and
tions that we can take care of a goodly volume of trade. There is
other high class trade in important centers in the East. In the
really a healthful anticipation for business, practically everywhere,
smaller towns conditions have been much more pleasing.
the few exceptions being due to causes that are local and can be
I T must be conceded that the West, and by that we mean more
readily explained.
* particularly the agricultural sections, are in a highly prosperous
f
~T* HERE is no reason to view the business outlook through
condition. It is also recognized that the South, thanks to the high
*
indigo-hued glasses. Indications are not lacking which point
prices of cotton, will have more money than in any previous period.
towards a steady betterment in business conditions. As an offset to
There is, however, a tendency, according to the expressions of
the present tendency towards stagnation more strenuous efforts have
well informed piano merchants to look for dull times in those sec-
to be put forth by piano men in order to win satisfactory results.
tions on the ground that previous slumps in the financial center have
During the past two weeks we had opportunities of studying
exerted a powerfully pessimistic influence throughout the country.
trade conditions in a number of important cities, and while we have
Admitting that this was true in certain instances, it does not neces-
found disappointment in most instances we have also learned that
sarily follow that the depression will be of long duration. The pros-
the men who have been unceasing in their business aggressiveness
perity is too well grounded to be disturbed for any length of time.
have been rewarded by bringing the volume of business up to that
F we look back to the great commercial and financial crises of
of last vear.
former years, we will find that some of them had their origin out-
SUBSCRIBER asks if the cost of doing business in the retail
side, rather than within the Wall street center. In other words the
piano field is not out of proportion to the volume of busi-
contributary causes were national, or even world-wide rather than
ness transacted.
local. The crisis of 1836 is attributed to the unsound organization
That depends upon methods of the individual or concern.
of banks in different parts of the country. That of 1857 affected
all countries. I t was due somewhat to the slackening up of the ar- There is no doubt but that some institutions have heavy selling ex-
I
A
THE MUSIC TRADE REVIEW
8
tificial demand created by the Crimean War and England, France
and Germany were equally affected with the United States. The
crisis of 1873 was an industrial rather than a financial one.
EDWARD LYMAN BILL,
Editor and Proprietor.
J. B. SPILLANE. Managing Editor.
EXECVTIVC STAFF:
GEO.
THOS. CAMPBELL-COPELAND,
A. EDMUND HANSON,
B. KELLER,
A, J. NlCKLIN,
BOSTON OFFICE :
W. MURDOCH LIND, 694 Tremont St.
GEO.
EMILIE FRANCES BAUER
W. QUERIPKL.
CHICAdO OFFICE:
E. P. VAN HARLINGEN, 36 La Salic St,
PHILADELPHIA OFFICE : R. W. KAUFFMAN.
Published Every Saturday at 1 Madison Avenue, New York.
Entered at the New York Post Office as Second Class Matter.
SUBSCRIPTION (including postage), United States, Mexico and Canada, $2.00 per
yenr; all other countries, $4.00.
ADVERTISEMENTS, $2.00 per inch, single column, per insertion. On quarterly or
yearly contracts a special discount is allowed. Advertising Pages $50.00; opposite reading
matter, $75.00.
REMITTANCES, in other than currency form, should be made payable to Edward
Lyman Bill.
THE ARTISTS'
DEPARTMENT
On the first Saturday of each month The Review contains in its
"Artists' Department" all the current musical news. This is effected
without in any way trespassing on the size or service of the trade
section of the paper. It has a special circulation, and therefore aug-
ments materially the value of The Review to advertisers.
n i D r r T n o v «r >iiNn
£»Vi,J\rTi7»r»«
MANUFACTURERS
directory
f o u The
nd o
n a e
of piano manufacturing firms and corporations
P B 85 will be of great value as a reference for
dealers and others.
YONG DISTANCE TELEfHONE-NVMBER 1745-E1GHTCENTH STREET.
NEW YORK. DECEMBER 26, 19O3.
EDITORIAL
X~2 OR some time past reports from principal retail piano centers
*•
in the East have not been encouraging, and it cannot be de-
nied that holiday trade in several important cities has been in
many ways disappointing.
Observations made through recent journey ings in the West
show that in that section of the country ideal business conditions do
not exist. In a number of Western piano strongholds, dealers have
informed us that the holiday trade was not up to their expectations.
*~P* HE crisis of 1893 was so recent as to be fresh in the minds of
most of us. It was due, as we all know, to distrust of our
currency system. The fear that paper money and silver would not
be maintained at a parity with gold led to the hoarding of the yellow
metal and the contraction of credit.
It cannot be denied that the recent troubles in Wall Street are
local in their nature, due to the adoption of dishonest methods by
men who have been regarded as great and honorable financiers.
The Wall Street conditions of to-day are not a reflex of the busi-
ness conditions of the country, but may truthfully be described as
the boomerang of rascally stock jobbing, and every piano merchant
over America has suffered to a greater or less extent as the result
of the action of the buccaneers of Wall Street.
T has been as we predicted, some two months ago, when looking
over trade conditions in the West, that before the first of the
year that section of the country would feel the advancing wave of
depression from the East. There is, however, in the present situa-
tion not enough to discourage or dishearten anyone, but to say that
times are booming and that holiday trade has been extremely satis-
fying in all parts of the country would be to express an untruth, and
The Review is not catering to win a reputation of that kind. We
should not blind ourselves to facts, and it is better to look at the
matter squarely than to affirm that conditions are what they are
not.
I
P ) EPORTS now being received by The Review from special rep-
*• ^ resentatives and from piano merchants in various sections of
the country indicate that no further reaction is anticipated. The
country is generally prosperous, and while manufacturing enter-
prises and retail piano sales may not be forging ahead quite as
rapidly as in the past, there is absolutely no occasion for apprehen-
sion.
The West unquestionably is feeling the effects of the Wall street
We should prepare for the new year, and make such prepara-
depression, which has proved detrimental to the piano business and
tions that we can take care of a goodly volume of trade. There is
other high class trade in important centers in the East. In the
really a healthful anticipation for business, practically everywhere,
smaller towns conditions have been much more pleasing.
the few exceptions being due to causes that are local and can be
I T must be conceded that the West, and by that we mean more
readily explained.
* particularly the agricultural sections, are in a highly prosperous
f
~T* HERE is no reason to view the business outlook through
condition. It is also recognized that the South, thanks to the high
*
indigo-hued glasses. Indications are not lacking which point
prices of cotton, will have more money than in any previous period.
towards a steady betterment in business conditions. As an offset to
There is, however, a tendency, according to the expressions of
the present tendency towards stagnation more strenuous efforts have
well informed piano merchants to look for dull times in those sec-
to be put forth by piano men in order to win satisfactory results.
tions on the ground that previous slumps in the financial center have
During the past two weeks we had opportunities of studying
exerted a powerfully pessimistic influence throughout the country.
trade conditions in a number of important cities, and while we have
Admitting that this was true in certain instances, it does not neces-
found disappointment in most instances we have also learned that
sarily follow that the depression will be of long duration. The pros-
the men who have been unceasing in their business aggressiveness
perity is too well grounded to be disturbed for any length of time.
have been rewarded by bringing the volume of business up to that
F we look back to the great commercial and financial crises of
of last vear.
former years, we will find that some of them had their origin out-
SUBSCRIBER asks if the cost of doing business in the retail
side, rather than within the Wall street center. In other words the
piano field is not out of proportion to the volume of busi-
contributary causes were national, or even world-wide rather than
ness transacted.
local. The crisis of 1836 is attributed to the unsound organization
That depends upon methods of the individual or concern.
of banks in different parts of the country. That of 1857 affected
all countries. I t was due somewhat to the slackening up of the ar- There is no doubt but that some institutions have heavy selling ex-
I
A
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