Music Trade Review
Issue: 1904 Vol. 38 N. 3 - Page 38
Music Trade Review -- © mbsi.org, arcade-museum.com -- digitized with support from namm.org
38
THE
MUSIC TRADE
REVIEW
>i* In the Musical MercKandise Domain
NEW YEAR'S TRADE OPENS WELL
the Oliver Ditson Co., will shortly visit his
old customers throughout New England
With the Musical Merchandise Folk—Many Buy-
and
the South. Mr. Connell will then ex-
ers in the Market and Satisfaction Reigns
ploit a new line of goods "at prices as low
Supreme.
as the lowest," as he remarked to The Re-
With the small goods firms business has view, yesterday.
started up in a very satisfactory manner; in
fact, trade has opened up in a way rather
A SPLENDID YEAR'S SHOWING
unexpected, considering the experience of
Is That Made by the American Graphophone Co.—
former years. In the past the holiday trade
The Net Earnings Have Increased Two-and-
has been the heaviest, but now this particu-
One-Half Times Over Those of 1902—The Re-
port is Excellent Viewed From Every Stand-
lar season's sales has fallen away, a change
point.
that can be accounted for on the score of
fashion only. At one time musical merchan-
The annual meeting of the stockholders
dise of every description was in great vogue of the American Graphophone Company
for Christmas selling; but now wholesalers was held in Washington, D. C, on Janu-
state other things have come to the front, ary n t h , President Edward D. Easton in
and the buying is along different lines. A the chair. Following is the report for the
better grade of goods is in demand, and from fiscal year ending September 30th, 1903:
a dealer's stand a more careful inspection
STATEMENT FOR YEAR ENDING SEPT. 30, 1903.
$594,638.06
and inquiry is experienced at the hands of Net earnings from operations
Miscellaneous earnings
64,875.00
the consumers. Consequently the post
Total earnings
$659,513.06
holiday buying is enlarging and therefore Deductions:
Interest on factory mortgage... $6,000.00
Interest on debentures
11,648.56
trade just now is quite good.
Maintenance
44,841.15
[Special to The Review.]
Boston, Mass., Jan. 12, 1904.
John J. Connell, traveling representative
of the musical merchandise department of
MUSICAL BOX
THE CARE OF OUT STRINGS.
114,747.61
$544,765.45
78,677.37
$466,088.08
Balance carried to surplus account
Surplus account, Oct. 1, 1902
$330,815.28
Added Sept. 30, 1903
191,588.08
$191,588.08
$274,500.00
ASSETS.
ARTISTIC AND ELEGANT
OUR CATALOGUE* WILL
INTEREST YOU
WALDO MANUFACTURING CO.
SACINAW,
Patents, franchises, good wills, etc
$1,270,296.27
Capital stock, not issued
144.00
Factories:
Plants
$983,151.75
Raw material
132,650.20
Goods in process manufacture. '204,508.54
Goods on hand completed
112,522.23 1,432,832.72
Sales depots:
Merchandise on hand
$389,612.22
Other assets
87,224.20
476,836.42
Accounts and bills receivable
421,220.89
Cash
142,567.59
Stock owned in other companies
54,317.70
$3,798,215.59
MICHIGAN
A new departure in /tandolin Construction
THE AMERICAN LUTE
The Mandolin with the Violin Tone
467,368.89
106,443.34
522,403.36
$3,798,215.59
fife EUPHONIA
52,257.90
Net profits for the year
Less dividends on preferred stock
Surplus earnings
Carried to reserve account for depreciation,
etc., being an amount more than equal to
all expenditures made during the year for
capital improvements
Total surplus carried forward
Oct. 1, 1903
$522,403.36
CONDENSED BALANCE SHEET, SEPT. 30, 1903.
MANDOLINS, 6UITARS
BANJEAUX
Current accounts, bills payable, accrued in-
terest and taxes—not yet due
Reserve account for depreciation, etc
Surplus
Notwithstanding the favorable news
which reached the stockholders from time
to time as to excellent progress, the in-
creased net earnings of two and a half
times those of 1902, the most favorable
previous year, was more than was ex-
pected.
In view of the rapid growth of the busi-
ness, the retention of the earnings, beyond
the dividend of about $79,000 on the pre-
ferred stock, is strongly conservative;
$190,000 is carried to the surplus account
as the addition for the year. The total
surplus carried forward into the new year
is $522,000. To this may properly be
added $106,000, the amount remaining in
the reserve account for depreciations, etc.
The statement of assets is a clear group-
ing of the company's property, and em-
phasizes the magnitude of the business.
All the items show a healthy growth. There
is an increase in investment of $240,000
in factory plants, and the working capital
has been increased about $400,000.
As to liabilities, the reduction of over
$350,000 in outstanding debentures 5s is
noteworthy, their conversion into preferred
stock having been effected during the
year, reducing the fixed charges over $17,-
000 per annum, and leaving outstanding
less than $100,000 in debentures.
Current liabilities for material pur-
chased, bills payable, etc., are shown as
$467,000, an increase of about $150,000. As
the quick assets of merchandise, material,
accounts and cash amount to over $1,-
400,000, the company's strength is ap-
parent.
Depreciations, etc
PREPARING FOR HIS SPRING TRIP.
LIABILITIES.
Capital stock, preferred
$1,301,360.00
Capital stock, common
1,202,000.00 $2,503,360.00
Mortgage on factory real estate
100,000.00
Debentures, 5 per cent, due 1918. .$53,800.00
Debentures, 5 per cent., due 1923.. 44,840.00
98,640.00
PRICE, $40.00
WITH PIANO SOVND BOARD
Terms on application.
Agencies allowed to reliable dealers and teachers.
C. L. PARTEE MUSIC CO., 5 E. 14th St., New York City
Send for catalogue of latest publications.
MOST ARTISTIC CASES!
RICHEST TONE!
FASTEST SELLER!
This is the money-maker among musical boxes.
Send for catalogue giving "talking points."
Their Susceptibility to Atmospheric Influences and
the Many Steps Taken to Protect Them—
Many Methods in Vogue Here and Abroad.
The protection of gut strings is a matter
of considerable moment to dealers. Whole-
salers and importers take extra precautions
Double actions by Erard, Krat, Grosjtan and
to preserve their stock against'the debilitat-
all London makers. Good as new. Largest
stock of second-hands tn £ur«pe.
'ing
effects of moisture, and they instruct
Prices reasonable. Correspondence solicited.
dealers
to exercise the same care. Zinc lined
Wa.ba.iH
Avt.
«.nd
Adeems
St.,
Chicago
J . M I L L E R , HARP MAKER,
boxes or drawers are the best receptacles, but
BRI5TOL. ENGLAND
they are expensive, and other methods are
employed. Glass jars are excellent contain-
PLACE TO BUY
ers, and are to be recommended. Unless the
TALKING MACHINES, RECORDS
ordinary .pasteboard boxes in which these
AND ACCESSORIES
goods are shipped are placed either in air
tight or metal lined compartments, the
strings will deteriorate, become "false" and
eventually brittle. Their "life" and elasticity
The largest and most complete stock in the United States.
can be restored in a measure by the applica-
THE VICTOR DISTRIBUTING AND EXPORT CO.,
tion
of what is known as "string oil," a
77 Chambers Street, New York.
HARPS, HARPS
THE
VICTOR
G O O D S Shipped within 24 hours
38
THE
MUSIC TRADE
REVIEW
>i* In the Musical MercKandise Domain
NEW YEAR'S TRADE OPENS WELL
the Oliver Ditson Co., will shortly visit his
old customers throughout New England
With the Musical Merchandise Folk—Many Buy-
and
the South. Mr. Connell will then ex-
ers in the Market and Satisfaction Reigns
ploit a new line of goods "at prices as low
Supreme.
as the lowest," as he remarked to The Re-
With the small goods firms business has view, yesterday.
started up in a very satisfactory manner; in
fact, trade has opened up in a way rather
A SPLENDID YEAR'S SHOWING
unexpected, considering the experience of
Is That Made by the American Graphophone Co.—
former years. In the past the holiday trade
The Net Earnings Have Increased Two-and-
has been the heaviest, but now this particu-
One-Half Times Over Those of 1902—The Re-
port is Excellent Viewed From Every Stand-
lar season's sales has fallen away, a change
point.
that can be accounted for on the score of
fashion only. At one time musical merchan-
The annual meeting of the stockholders
dise of every description was in great vogue of the American Graphophone Company
for Christmas selling; but now wholesalers was held in Washington, D. C, on Janu-
state other things have come to the front, ary n t h , President Edward D. Easton in
and the buying is along different lines. A the chair. Following is the report for the
better grade of goods is in demand, and from fiscal year ending September 30th, 1903:
a dealer's stand a more careful inspection
STATEMENT FOR YEAR ENDING SEPT. 30, 1903.
$594,638.06
and inquiry is experienced at the hands of Net earnings from operations
Miscellaneous earnings
64,875.00
the consumers. Consequently the post
Total earnings
$659,513.06
holiday buying is enlarging and therefore Deductions:
Interest on factory mortgage... $6,000.00
Interest on debentures
11,648.56
trade just now is quite good.
Maintenance
44,841.15
[Special to The Review.]
Boston, Mass., Jan. 12, 1904.
John J. Connell, traveling representative
of the musical merchandise department of
MUSICAL BOX
THE CARE OF OUT STRINGS.
114,747.61
$544,765.45
78,677.37
$466,088.08
Balance carried to surplus account
Surplus account, Oct. 1, 1902
$330,815.28
Added Sept. 30, 1903
191,588.08
$191,588.08
$274,500.00
ASSETS.
ARTISTIC AND ELEGANT
OUR CATALOGUE* WILL
INTEREST YOU
WALDO MANUFACTURING CO.
SACINAW,
Patents, franchises, good wills, etc
$1,270,296.27
Capital stock, not issued
144.00
Factories:
Plants
$983,151.75
Raw material
132,650.20
Goods in process manufacture. '204,508.54
Goods on hand completed
112,522.23 1,432,832.72
Sales depots:
Merchandise on hand
$389,612.22
Other assets
87,224.20
476,836.42
Accounts and bills receivable
421,220.89
Cash
142,567.59
Stock owned in other companies
54,317.70
$3,798,215.59
MICHIGAN
A new departure in /tandolin Construction
THE AMERICAN LUTE
The Mandolin with the Violin Tone
467,368.89
106,443.34
522,403.36
$3,798,215.59
fife EUPHONIA
52,257.90
Net profits for the year
Less dividends on preferred stock
Surplus earnings
Carried to reserve account for depreciation,
etc., being an amount more than equal to
all expenditures made during the year for
capital improvements
Total surplus carried forward
Oct. 1, 1903
$522,403.36
CONDENSED BALANCE SHEET, SEPT. 30, 1903.
MANDOLINS, 6UITARS
BANJEAUX
Current accounts, bills payable, accrued in-
terest and taxes—not yet due
Reserve account for depreciation, etc
Surplus
Notwithstanding the favorable news
which reached the stockholders from time
to time as to excellent progress, the in-
creased net earnings of two and a half
times those of 1902, the most favorable
previous year, was more than was ex-
pected.
In view of the rapid growth of the busi-
ness, the retention of the earnings, beyond
the dividend of about $79,000 on the pre-
ferred stock, is strongly conservative;
$190,000 is carried to the surplus account
as the addition for the year. The total
surplus carried forward into the new year
is $522,000. To this may properly be
added $106,000, the amount remaining in
the reserve account for depreciations, etc.
The statement of assets is a clear group-
ing of the company's property, and em-
phasizes the magnitude of the business.
All the items show a healthy growth. There
is an increase in investment of $240,000
in factory plants, and the working capital
has been increased about $400,000.
As to liabilities, the reduction of over
$350,000 in outstanding debentures 5s is
noteworthy, their conversion into preferred
stock having been effected during the
year, reducing the fixed charges over $17,-
000 per annum, and leaving outstanding
less than $100,000 in debentures.
Current liabilities for material pur-
chased, bills payable, etc., are shown as
$467,000, an increase of about $150,000. As
the quick assets of merchandise, material,
accounts and cash amount to over $1,-
400,000, the company's strength is ap-
parent.
Depreciations, etc
PREPARING FOR HIS SPRING TRIP.
LIABILITIES.
Capital stock, preferred
$1,301,360.00
Capital stock, common
1,202,000.00 $2,503,360.00
Mortgage on factory real estate
100,000.00
Debentures, 5 per cent, due 1918. .$53,800.00
Debentures, 5 per cent., due 1923.. 44,840.00
98,640.00
PRICE, $40.00
WITH PIANO SOVND BOARD
Terms on application.
Agencies allowed to reliable dealers and teachers.
C. L. PARTEE MUSIC CO., 5 E. 14th St., New York City
Send for catalogue of latest publications.
MOST ARTISTIC CASES!
RICHEST TONE!
FASTEST SELLER!
This is the money-maker among musical boxes.
Send for catalogue giving "talking points."
Their Susceptibility to Atmospheric Influences and
the Many Steps Taken to Protect Them—
Many Methods in Vogue Here and Abroad.
The protection of gut strings is a matter
of considerable moment to dealers. Whole-
salers and importers take extra precautions
Double actions by Erard, Krat, Grosjtan and
to preserve their stock against'the debilitat-
all London makers. Good as new. Largest
stock of second-hands tn £ur«pe.
'ing
effects of moisture, and they instruct
Prices reasonable. Correspondence solicited.
dealers
to exercise the same care. Zinc lined
Wa.ba.iH
Avt.
«.nd
Adeems
St.,
Chicago
J . M I L L E R , HARP MAKER,
boxes or drawers are the best receptacles, but
BRI5TOL. ENGLAND
they are expensive, and other methods are
employed. Glass jars are excellent contain-
PLACE TO BUY
ers, and are to be recommended. Unless the
TALKING MACHINES, RECORDS
ordinary .pasteboard boxes in which these
AND ACCESSORIES
goods are shipped are placed either in air
tight or metal lined compartments, the
strings will deteriorate, become "false" and
eventually brittle. Their "life" and elasticity
The largest and most complete stock in the United States.
can be restored in a measure by the applica-
THE VICTOR DISTRIBUTING AND EXPORT CO.,
tion
of what is known as "string oil," a
77 Chambers Street, New York.
HARPS, HARPS
THE
VICTOR
G O O D S Shipped within 24 hours
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