Music Trade Review
Issue: 1945 Vol. 104 N. 8 - Page 20
Music Trade Review -- © mbsi.org, arcade-museum.com -- digitized with support from namm.org
1918 up until the present year 1945
A Business Barometer By A
has also run true to form and accord-
ing to this graph, our next lean years
Former Piano Man Drawn in 1880 will
be from 1947 to 1951 with good
LJEREWITH is reproduced a chart
which was prepared by L. L. Doud,
at one time treasurer of the A. B.
hard times and panics from 1818 and times again in 1953 gradually declin-
then projected the cycles to 1918, a ing to 1958, with business normal
full century.
again in 1962 and a panic year in 1967.
WHEN TO MAKE MONEY
1823
1616
1843
1850
1861
1870
1877
1888
1897
1904
1924
1931
1942
1951
1958
X—Years In which PANICS have occurred and will occur again. Their regular cycles are 16, 18 and 20 years.
Y—Years of GOOD TIMES, high prices and the time to sell stock and values of all kinds. Their cycles are
8, 9 and 10 years.
Z—Years of HARD TIMES, low prices and a good time to buy stock, corner lots, goods, etc., and hold till the
Boom reaches the years of good times, then unload Their cycles are 9, 7 and 11 years.
Chase Piano Company, when it was
located in Norwalk, Conn. Mr. Doud
was always interested in economic sta-
tistics. His son Harry L. Doud is man-
ager of the Daily Reporter, a financial
publication in Columbus, Ohio. He
printed this chart on December 29th,
1930 and had reprints made of it in
folder form.
The graph was developed in 1880
and shows the cycles of good times,
SELECTED
USED
PIANOS
At the time it was published in 1930,
the Daily Reporter, stated, "this graph
has run so true to history and pre-
sents such a splendid prophecy that
we have carried it for half a century
and reproduced it below."
As will be noted, the period from
THE REVIEW is indebted to Otto B.
Heaton, President of Heaton Music
Company, Columbus, Ohio, for this
remarkable graph of what has taken
place in the past and which also pre-
dicts the business outlook of the fu-
ture.
Gulbransen Piano Among Instruments
Presented to S. S. Vanderburgh
Several musical instruments were burgh County, Evansville, Ind., June
recently presented to the 5.5. Vander- 23, 1945."
burgh by the citizens of Evansville,
The S.S. Vanderburgh is a mother
Ind. These instruments were pur- ship of the LST's which have been
Uprights — Players — Grands
"As Is" or '•Reconditioned"
IN TRUCKS OR CARLOADS
AT NEW LOW PRICES
INQUIRIES INVITED
AMERICAN
PIANO
MART
OF CHICAGO
Wholesale
Distributors
of Fine Used Pianos
2632 North Clark St.
Chicago 14
Distance Phone Diversey 0648
Gulforaii.sen piano which IVSIN presented to the S.S. \ under
P I A N O S
UPRIGHTS, BABY GRANDS, SPINETS
FOR
S A L E
HALIFAX
PIANO & INSTRUMENT CO.
325 W. 57th St.
New York City
20
chased from the Harding and Miller
Music Co. of that city. Among these
instruments was a Clayton model Gul-
bransen piano in walnut on which a
silver plate was displayed containing
the inscription, "Presented to the S.S.
Vanderburgh by the people of Vander-
manufactured in Evansville during the
war. J"re\nious to the presentation
which was a gala event on June 23rd
when the ship was commissioned, the
instruments were displayed in the
Harding and Miller window as repro-
duced herewith.
THE MUSIC TRADE REVIEW, AUGUST, 1945
1918 up until the present year 1945
A Business Barometer By A
has also run true to form and accord-
ing to this graph, our next lean years
Former Piano Man Drawn in 1880 will
be from 1947 to 1951 with good
LJEREWITH is reproduced a chart
which was prepared by L. L. Doud,
at one time treasurer of the A. B.
hard times and panics from 1818 and times again in 1953 gradually declin-
then projected the cycles to 1918, a ing to 1958, with business normal
full century.
again in 1962 and a panic year in 1967.
WHEN TO MAKE MONEY
1823
1616
1843
1850
1861
1870
1877
1888
1897
1904
1924
1931
1942
1951
1958
X—Years In which PANICS have occurred and will occur again. Their regular cycles are 16, 18 and 20 years.
Y—Years of GOOD TIMES, high prices and the time to sell stock and values of all kinds. Their cycles are
8, 9 and 10 years.
Z—Years of HARD TIMES, low prices and a good time to buy stock, corner lots, goods, etc., and hold till the
Boom reaches the years of good times, then unload Their cycles are 9, 7 and 11 years.
Chase Piano Company, when it was
located in Norwalk, Conn. Mr. Doud
was always interested in economic sta-
tistics. His son Harry L. Doud is man-
ager of the Daily Reporter, a financial
publication in Columbus, Ohio. He
printed this chart on December 29th,
1930 and had reprints made of it in
folder form.
The graph was developed in 1880
and shows the cycles of good times,
SELECTED
USED
PIANOS
At the time it was published in 1930,
the Daily Reporter, stated, "this graph
has run so true to history and pre-
sents such a splendid prophecy that
we have carried it for half a century
and reproduced it below."
As will be noted, the period from
THE REVIEW is indebted to Otto B.
Heaton, President of Heaton Music
Company, Columbus, Ohio, for this
remarkable graph of what has taken
place in the past and which also pre-
dicts the business outlook of the fu-
ture.
Gulbransen Piano Among Instruments
Presented to S. S. Vanderburgh
Several musical instruments were burgh County, Evansville, Ind., June
recently presented to the 5.5. Vander- 23, 1945."
burgh by the citizens of Evansville,
The S.S. Vanderburgh is a mother
Ind. These instruments were pur- ship of the LST's which have been
Uprights — Players — Grands
"As Is" or '•Reconditioned"
IN TRUCKS OR CARLOADS
AT NEW LOW PRICES
INQUIRIES INVITED
AMERICAN
PIANO
MART
OF CHICAGO
Wholesale
Distributors
of Fine Used Pianos
2632 North Clark St.
Chicago 14
Distance Phone Diversey 0648
Gulforaii.sen piano which IVSIN presented to the S.S. \ under
P I A N O S
UPRIGHTS, BABY GRANDS, SPINETS
FOR
S A L E
HALIFAX
PIANO & INSTRUMENT CO.
325 W. 57th St.
New York City
20
chased from the Harding and Miller
Music Co. of that city. Among these
instruments was a Clayton model Gul-
bransen piano in walnut on which a
silver plate was displayed containing
the inscription, "Presented to the S.S.
Vanderburgh by the people of Vander-
manufactured in Evansville during the
war. J"re\nious to the presentation
which was a gala event on June 23rd
when the ship was commissioned, the
instruments were displayed in the
Harding and Miller window as repro-
duced herewith.
THE MUSIC TRADE REVIEW, AUGUST, 1945
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