Music Trade Review
Issue: 1922 Vol. 74 N. 6 - Page 39
Music Trade Review -- © mbsi.org, arcade-museum.com -- digitized with support from namm.org
FEBRUARY 11,
THE
1922
MUSIC
TRADE
LONDON SHELLAC STOCKS INCREASE LUMBER MEN ASK FREIGHT RATE CUT
Despite Material Increase in Warehouse Hold-
ings Stock Is Still Below Pre-war Days—
Little Possibility of Price Reduction
Advices that have just come by mail state
that there had been a material change in the sta-
tistical position of shellac in London within the
past month, as indicated by the unusually big
increase of 4,000 cases in warehouse holdings.
Commenting on this development a London
authority says:
"The total stock of about 11,000 cases is still
very low. It is not surprising that the market
has not been much affected by a replenishment
which was very badly needed in order to pro-
tect consumers against the usually aggressive
views of actual holders. The December ar-
rivals happened to be rather liberal, and this
coincided with some restriction on the outgoings
incidental to the holiday period. The deliveries
proved much short of those for November, but
it is probable that trade needs will this month
call for more important quantities. In con-
trast to the increased stocks the supplies afloat,
to this side especially, are limited, while the
bulk of the supplies on the way from Calcutta
is going to the United States, as usual.
"Assuming that the London stocks will re-
main comparatively light for an indefinite period
it is obvious that holders would be able to con-
tinue to exact a substantial premium for the
shellac on the spot. While the December de-
liveries were only about 3,000 cases, the fact
deserves notice that the monthly average for the
past year represents 4,450 cases, which shows a
moderate excess over the average of the previous
year. The total receipts for the year were
52,463 cases, thus showing an increase of nearly
5,000 cases as compared with 1920, and the
stocks are some 1,200 cases less than a year
ago. There is no mistaking the fact that the
outcome of the war has revolutionized the
aspect of the market in this commodity, and it
is difficult to imagine that the stocks will for
some years to come reach anything like the
dimensions that existed before the war, and
the result is that prices are now still four to five
times higher than they were before the war."
Consult the universal Want Directory of
The Review. In it advertisements are inserted
free of charge for men who desire positions
of any kind.
Urge Interstate Commerce Commission to
Order Rates Cut to July, 1920, Level
WASHINGTON, D. C., February 6.—A procession
of lumber traffic managers, lumber company
salesmen and lumber company executives last
week passed before the bench of the Interstate
Commerce Commission, asking it to order the
lailroads to reduce their freight rates to the
level of July, 1920. They presented that request
in many forms. All agreed that the lumber
industry is prostrate and that one of the causes
of its illness is the high level of freight rates.
"The burden of the freight rate is crushing
the lumber industry," said Joseph N. Teal, of
Portland, Ore., former member of the Shipping
Board and one of the men President Wilson in-
vited to take a place in his first Cabinet.
BUSINESS OPPORTUNITY IN ENGLAND
English Mercantile Concern Desires to Pur-
chase Basswood Piano Keyboards
WASHINGTON, D. C, February 6.—A mercantile
firm in England is in the market for 13/16-inch
white basswood piano keyboards, according to
information on file in the Department of For-
eign and Domestic Commerce here. Quotations
should be given c. i. f. English port. Payment
is to be made by sight draft against documents.
Further information can be obtained from the
Bureau of Foreign and Domestic Commerce or
any of its district offices by referring to Oppor-
tunity Xo. 720.
FELT BUSINESSjVRJCH IMPROVED
Business at the Eastern headquarters of the
Standard Felt Co., on Twenty-third street, New
York City, has increased steadily during the
past few weeks and the outlook is decidedly en-
couraging, according to David A. Smith, East-
ern manager. Mr. Smith stated further that
the January business this year was consider-
ably better than for the same month a year
ago.
The Wunderlich Piano Co. and the J. W. Jen-
kins' Sons Music Co., of Kansas City, Mo., fea-
tured their instruments at a "Better Homes and
Buildings" show which was staged in that city
during the week ending February 11.
HEED OUR ADVICE
The man who uses Behlen's Varnish
Crack Eradicator can afford to figure
lower, yet makes more profit on a re-
finishing job, than the man who does
not use it.
The reason—he saves the time, trouble
and expense of scraping off the old var-
nish and shellac and the finished job is
just as satisfactory too—if not more so.
Send for a sample can to-day and try
it.
H. BEHLEN & BRO.
Anilines
Shellacs
Stains
Fillers
10-12 Christopher St., New York
Near 6th Avc. and 8th St.
And when you're satisfied
that we've the best punch-
ings on the market, cut
clean and accurately from
the best of material in
celluloid, cloth, felt, fibre,
leather, paper, rubber or
whatever you want, give
us credit and send your
orders to
C. F. GOEPEL & CO.
137 E. 13th STREET
NEW YORK
39
REVIEW
VOTING ON THE TARIFF QUESTIONS
Interesting Results Obtained in Referendum
Vote of U. S. Chamber of Commerce—Slight
Majority in Favor of Ad Valorem Duties
WASHINGTON, D. C, February 6.—Business men's
organizations, as represented in the member-
ship of the Chamber of Commerce of the United
States, have completed a referendum vote on
fundamental tariff questions involving principles
outside the field of partisan controversy. The
results put the Chamber on record for policies
that would cause important departures from
earlier American procedure and methods. In
view of domestic and international conditions,
such departures are essential, in the opinion of
the committee, whose recommendations have
now been supported by the Chamber's member-
ship.
A preliminary count of the ballot, made pub-
lic to-day, discloses that the vote did not com-
mit the Chamber on the question of American
valuation, included as one of eight propositions
in the referendum, and that a decision was lack-
ing also on the question of postponing tariff
legislation until conditions become more settled.
The vote for continuation of the present basis
of ad valorem duties was 9/9 as against 833
for instituting American valuation, and the vote
on postponement of tariff legislation was 734
for postponement and 1,110 against it. The
Chamber can be committed only by a two-thirds
majority of the votes cast.
The program to which the Chamber has now
been committed by its membership, and incor-
poration of which it will vigorously advocate in
pending tariff legislation, includes flexible tariff
rates to be administered by a Tariff Adjustment
Board; reasonable protection for American in-
dustries in destructive competition; maintenance
of the anti-dumping principle; encouragement
of export trade, and measures to meet foreign
discriminations.
Adjustable rates already have been proposed
b\ President Harding, who, in his message to
Congress on December 6 last, suggested that
the executive be authorized to change duties
to meet changing conditions. It was suggested
by the president that the powers of the present
Tariff Commission might be extended to make
possible administration of such a law.
The proposal of the Chamber that a new body
be created to administer adjustable rates is made
with the idea that the Tariff Commission would
make available to the new board pertinent facts
gathered in its investigation and that the adjust-
ment board with quasi-judicial functions should
IK distinct Irom an investigating commission.
BOSTON WOOL PRICES INCREASE
BOSTON, MASS., February 2.—The wool auction
held here to-day by the Government, when some
7,000,000 pounds of wool were offered, was very
successful. Not a pound of wool was withdrawn
and competition was very keen almost from the
start. Prices advanced on an average about 25
per cent over the rates at the January sale.
PLAYER MANUFACTURERS
ATTENTION!
We make a specialty of Piano and Player-
Piano Hardware, Transmissions and Gears,
Metal Spool Ends, and so forth. We make
only on special order after designs furnished
us or will furnish designs on request.
Write us your needs.
Elgin Metal Novelty Co.
ELGIN
-
-
ILLINOIS
FEBRUARY 11,
THE
1922
MUSIC
TRADE
LONDON SHELLAC STOCKS INCREASE LUMBER MEN ASK FREIGHT RATE CUT
Despite Material Increase in Warehouse Hold-
ings Stock Is Still Below Pre-war Days—
Little Possibility of Price Reduction
Advices that have just come by mail state
that there had been a material change in the sta-
tistical position of shellac in London within the
past month, as indicated by the unusually big
increase of 4,000 cases in warehouse holdings.
Commenting on this development a London
authority says:
"The total stock of about 11,000 cases is still
very low. It is not surprising that the market
has not been much affected by a replenishment
which was very badly needed in order to pro-
tect consumers against the usually aggressive
views of actual holders. The December ar-
rivals happened to be rather liberal, and this
coincided with some restriction on the outgoings
incidental to the holiday period. The deliveries
proved much short of those for November, but
it is probable that trade needs will this month
call for more important quantities. In con-
trast to the increased stocks the supplies afloat,
to this side especially, are limited, while the
bulk of the supplies on the way from Calcutta
is going to the United States, as usual.
"Assuming that the London stocks will re-
main comparatively light for an indefinite period
it is obvious that holders would be able to con-
tinue to exact a substantial premium for the
shellac on the spot. While the December de-
liveries were only about 3,000 cases, the fact
deserves notice that the monthly average for the
past year represents 4,450 cases, which shows a
moderate excess over the average of the previous
year. The total receipts for the year were
52,463 cases, thus showing an increase of nearly
5,000 cases as compared with 1920, and the
stocks are some 1,200 cases less than a year
ago. There is no mistaking the fact that the
outcome of the war has revolutionized the
aspect of the market in this commodity, and it
is difficult to imagine that the stocks will for
some years to come reach anything like the
dimensions that existed before the war, and
the result is that prices are now still four to five
times higher than they were before the war."
Consult the universal Want Directory of
The Review. In it advertisements are inserted
free of charge for men who desire positions
of any kind.
Urge Interstate Commerce Commission to
Order Rates Cut to July, 1920, Level
WASHINGTON, D. C., February 6.—A procession
of lumber traffic managers, lumber company
salesmen and lumber company executives last
week passed before the bench of the Interstate
Commerce Commission, asking it to order the
lailroads to reduce their freight rates to the
level of July, 1920. They presented that request
in many forms. All agreed that the lumber
industry is prostrate and that one of the causes
of its illness is the high level of freight rates.
"The burden of the freight rate is crushing
the lumber industry," said Joseph N. Teal, of
Portland, Ore., former member of the Shipping
Board and one of the men President Wilson in-
vited to take a place in his first Cabinet.
BUSINESS OPPORTUNITY IN ENGLAND
English Mercantile Concern Desires to Pur-
chase Basswood Piano Keyboards
WASHINGTON, D. C, February 6.—A mercantile
firm in England is in the market for 13/16-inch
white basswood piano keyboards, according to
information on file in the Department of For-
eign and Domestic Commerce here. Quotations
should be given c. i. f. English port. Payment
is to be made by sight draft against documents.
Further information can be obtained from the
Bureau of Foreign and Domestic Commerce or
any of its district offices by referring to Oppor-
tunity Xo. 720.
FELT BUSINESSjVRJCH IMPROVED
Business at the Eastern headquarters of the
Standard Felt Co., on Twenty-third street, New
York City, has increased steadily during the
past few weeks and the outlook is decidedly en-
couraging, according to David A. Smith, East-
ern manager. Mr. Smith stated further that
the January business this year was consider-
ably better than for the same month a year
ago.
The Wunderlich Piano Co. and the J. W. Jen-
kins' Sons Music Co., of Kansas City, Mo., fea-
tured their instruments at a "Better Homes and
Buildings" show which was staged in that city
during the week ending February 11.
HEED OUR ADVICE
The man who uses Behlen's Varnish
Crack Eradicator can afford to figure
lower, yet makes more profit on a re-
finishing job, than the man who does
not use it.
The reason—he saves the time, trouble
and expense of scraping off the old var-
nish and shellac and the finished job is
just as satisfactory too—if not more so.
Send for a sample can to-day and try
it.
H. BEHLEN & BRO.
Anilines
Shellacs
Stains
Fillers
10-12 Christopher St., New York
Near 6th Avc. and 8th St.
And when you're satisfied
that we've the best punch-
ings on the market, cut
clean and accurately from
the best of material in
celluloid, cloth, felt, fibre,
leather, paper, rubber or
whatever you want, give
us credit and send your
orders to
C. F. GOEPEL & CO.
137 E. 13th STREET
NEW YORK
39
REVIEW
VOTING ON THE TARIFF QUESTIONS
Interesting Results Obtained in Referendum
Vote of U. S. Chamber of Commerce—Slight
Majority in Favor of Ad Valorem Duties
WASHINGTON, D. C, February 6.—Business men's
organizations, as represented in the member-
ship of the Chamber of Commerce of the United
States, have completed a referendum vote on
fundamental tariff questions involving principles
outside the field of partisan controversy. The
results put the Chamber on record for policies
that would cause important departures from
earlier American procedure and methods. In
view of domestic and international conditions,
such departures are essential, in the opinion of
the committee, whose recommendations have
now been supported by the Chamber's member-
ship.
A preliminary count of the ballot, made pub-
lic to-day, discloses that the vote did not com-
mit the Chamber on the question of American
valuation, included as one of eight propositions
in the referendum, and that a decision was lack-
ing also on the question of postponing tariff
legislation until conditions become more settled.
The vote for continuation of the present basis
of ad valorem duties was 9/9 as against 833
for instituting American valuation, and the vote
on postponement of tariff legislation was 734
for postponement and 1,110 against it. The
Chamber can be committed only by a two-thirds
majority of the votes cast.
The program to which the Chamber has now
been committed by its membership, and incor-
poration of which it will vigorously advocate in
pending tariff legislation, includes flexible tariff
rates to be administered by a Tariff Adjustment
Board; reasonable protection for American in-
dustries in destructive competition; maintenance
of the anti-dumping principle; encouragement
of export trade, and measures to meet foreign
discriminations.
Adjustable rates already have been proposed
b\ President Harding, who, in his message to
Congress on December 6 last, suggested that
the executive be authorized to change duties
to meet changing conditions. It was suggested
by the president that the powers of the present
Tariff Commission might be extended to make
possible administration of such a law.
The proposal of the Chamber that a new body
be created to administer adjustable rates is made
with the idea that the Tariff Commission would
make available to the new board pertinent facts
gathered in its investigation and that the adjust-
ment board with quasi-judicial functions should
IK distinct Irom an investigating commission.
BOSTON WOOL PRICES INCREASE
BOSTON, MASS., February 2.—The wool auction
held here to-day by the Government, when some
7,000,000 pounds of wool were offered, was very
successful. Not a pound of wool was withdrawn
and competition was very keen almost from the
start. Prices advanced on an average about 25
per cent over the rates at the January sale.
PLAYER MANUFACTURERS
ATTENTION!
We make a specialty of Piano and Player-
Piano Hardware, Transmissions and Gears,
Metal Spool Ends, and so forth. We make
only on special order after designs furnished
us or will furnish designs on request.
Write us your needs.
Elgin Metal Novelty Co.
ELGIN
-
-
ILLINOIS
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