Music Trade Review

Music Trade Review -- © mbsi.org, arcade-museum.com -- digitized with support from namm.org
THE MUSIC TRADE REVIEW
10
DECEMBER 4,
ANTICIPATION
The end of the calendar year always inspires
thoughts of past accomplishments mingled with
expectations of what the coming year will bring
forth. Although business in practically every
line has slowed up somewhat toward the latter
part of the year, still the player and piano
industries have averaged a year of good business.
The year 1920 has seen several radical changes,
but changes that have been constructive rather
than destructive. The change from a seller's to
a buyer's market has placed business on a more
normal basis. The liquidation of obligations has
tempered down the former inflated conditions.
Business men, generally, believe that the new
administration will inspire confidence in industrial
circles.
Therefore, in anticipating 1921 conditions, we
believe that we all can be confidently optimistic.
No one expects the continuance of the abnormal
conditions brought about through the general
deflation of prices, which in many fields has
been extreme in every sense of the word. The
most dependable authorities predict that normal
business will prevail during most of 1921. It will
be ahead of what was considered normal in pre-
war days. Surely that will satisfy us all, so let's
all away with dull care and worry and smile up
all the while.
THE
lfKHAM
MCKffANPIANO PLATE COi.SPRINGFlELD, 0
WCKHAN CO* OFNEWJERSET, MATAWAN.NJ.
pi
1920