Presto
Issue: 1923 1931 - Page 5
PRESTO
July 28, 1923
CHRISTMAN
Grand
when embodied with
Has The Appeal That
WINS THE BEST TRADE
The Summer Season is Made
Profitable to Dealers who
Sell this Remarkable Instru-
ment, for it has many Points
that no Other can claim.
YOU ARE LOSING SALES
Every day you are without
the influence of the
CHRISTMAN
Studio Grand
A WONDERFUL SMALL GRAND
only five feet long which embodies all
the advantages of the larger grands
and possessing a tone volume and
range of expression surprisingly broad.
Musicians quickly recognize the
characteristic tone qualities of the
CHRISTMAN GRAND
SEEING IS BELIEVING
The First Touch Tells t 9
Reg. U. S. Pat
Off.
Christman Piano Co.
597 East 137th St.
New York
LATE NEWS FROM
THE PORTLAND FIELD
Important Sociable as Well as Business Events
in the Recent Items From the Oregon
City.
James L. Jones, who was manager of the musical
department of the Davis-Kaser Co., of Walla Walla,
Wash., has been promoted to general manager of
the establishment, after making an enviable record
in the music department. His place has been filled
in the music department by George Cooper, formerly
of the firm of Long & Cooper, who has a music store
in Corvallis, Ore.
The McCormick Music Company of Portland,
Ore., has just received another large shipment of
Kimball pianos, which have been placed on the dis-
play floor. Mr, McCormick says that sales are very
good for the summer, the volume far exceeding that
of last year.
Thomas Young, the proprietor of the Economy
Drug Company of Pendleton, Ore., has moved into
his handsome new quarters. He has two stores side
by side, one for drugs and the other a complete
music shop. He handles the Gulbransen pianos and
the Edison, Brunswick and Victor phonographs.
The employe force of Sherman, Clay & Co. held
a picnic July 8th at Gales Creek, about twelve miles
south of Portland. Headed by J. H. Dundore, man-
ager of the retail department, and Elmer Hunt, of
the wholesale department, and with Art Stein in
charge of the big Sherman, Clay truck loaded with
eats that brought up the rear, the caravan headed
south. A delightful outing was enjoyed by the force
and their friends. The day was spent in baseball,
races, swimming and games of all sorts and a royal
time was enjoyed.
COLUMBUS, IND., MUSIC
HOUSE HOLDS LIVELY SALE
Charles T. Mitchell Purchases Fine Stock of Pearson
Piano Co. There.
The Columbus Music House, Columbus, Ind., which
recently bought the Williams Music Store at 427 Third
street and moved the stock of the Pearson Piano Com-
pany from Washington street to the Columbus Music
House's location on Third street, began a two-day
opening sale at the latter location last week.
This is proving a quite successful one, with large
numbers of customers calling at the new store. The
Columbus Music House has the agency for the Pear-
son Piano Company in this territory and is carrying
in stock that company's pianos, talking machines,
rolls, records, etc.
The removal of the stock of the Pearson Piano
Company's store from the location on Washington
street to the Columbus Music House's store on Third
street, was completed last week. The stock of the
Pearson company was purchased by Charles T.
Mitchell, owner of the Columbus Music House. The
Pearson company will not maintain a store in Colum-
bus in the future. James S. Rice is manager of the
store, which is located at 427 Third street.
THE PRICE MAINTENANCE
QUESTION NOT SETTLED
Government Discovers New Angle to Be Considered
in Suit Under Anti-Trust Laws.
Just when everybody had settled down with a feel-
ing of satisfaction, in the belief that the problem of
price maintenance had been solved, comes along a
new angle of it to create more litigation and uncer-
tainty. Decisions so far have determined that a
manufacturer may choose his own customers and,
consequently, may refuse to sell to such as do not
maintain resale prices. But he cannot bind his cus-
tomers not to resell to retailers indulging in cut rates.
A new feature, says the New York Times, is pre-
sented in a suit brought against the American Chain
Company by the Government under the anti-trust
'laws. The company, it appears, has obtained control
of certain patents on automobile bumpers, and, it is
charged, is trying to get a monopoly of the trade,
said to amount to $20,000,000 a year. Under ordi-
nary circumstances, the ownership of a patent is in-
tended to give one a monopoly. In the present in-
stance this might be entirely legal and proper, and
no allegations are made of wrongful practices. But
it seems that the company has licensed manufacturers
to make its devices, exacting from them the agree-
ment not to sell except at certain fixed prices.
This presents the question whether an act which is
lawful and proper for a principal becomes an offense
against the law when it is done by an agent. The
case will probably go to the court of last resort be-
cause of the principle involved, affecting, as it does,
the monopolistic right which underlies the granting
of any and all patents.
STORY & CLARK MANAGER
PLEASED WITH JULY SALES
Completion of Great Number of New Homes Makes
Summer Business Boom.
The store of the Story & Clark Piano Co., 1105
Chestnut street, Philadelphia, is being remodeled.
An important part of the work is the enlargement of
the elevator shaft. The heavy work of placing iron
girders for the extension of the space will be com-
pleted this week, according to General Manager Jules
Kohnheim.
July sales of instruments in all departments have
been very satisfactory so far. The completion of a
great number of new homes in the city and suburbs
has had a stimulating effect on piano sales. Phila-
delphia is having a building boom, or, rather, the in-
terrupted boom has been resumed. On the theory
that every newly occupied home requires a new
piano, player or reproducing piano, even if the new
occupants own an old instrument, the alert sales staff
of the Story & Clark Piano Co. has proceeded to
locate the owners. In many cases sales of pianos
were made before the new homes had been
completed.
FRANK A. VANDERLIP
DISCUSSES CONDITIONS
In Prominent Financier's View Wholesomeness of
General Conditions Is Pointed Out.
"The prosperity of this country, or perhaps I
should say the wholesomeness of general conditions,
today is unprecedented," said Frank A. Vanderlip in
New York this week.
"Labor is more efficient than ever, wages are high
and undoubtedly will remain high. We have a 100
per cent purchasing power and production is going
ahead at a high level. Recently there was a slight
slowing up, which must be viewed favorably and it
is safe to say that this conservatism prevented indus-
try from being accelerated at too rapid a pace. This
conservative attitude on the part of business only
means our evident prosperity will be prolonged.
"I firmly believe, despite the small outlet to foreign
countries of our enormous production, the United
States can within itself continue a prosperous na-
tion. Despite all industrial activity the potential
credit-expanding power of the country has not been
touched. The banks are in a position to meet still
larger credit demands. We now hold so much gold
the federal reserve system in an endeavor to conceal
it is forcing it into circulation."
USES OF COST ACCOUNTING.
In the preface to a book released by the Depart-
ment of Commerce, Secretary Herbert Hoover al-
ludes to growing desire for cost accounting in the
various trades. On this topic he says: "The truly
remarkable findings of Government agencies in the
war years gave the knowledge and understand-
ing of costs in production and distribution. Losses
often were confused with profits, those investigations
showed, all for the lack of knowledge of the funda-
mentals of cost accounting. Today, the trade asso-
ciation is proving itself the most potent organized in-
fluence in the study of costs in industry and trade,
aiming towards standard systems applicable to pecu-
liar conditions. All of which tend to more scientific
knowledge of business and ultimately lowered costs."
F. E. STORY BUYS SUMMER HOME.
F. E. Story, vice-president and treasurer of the
Story & Clark Piano Co., Chicago, recently pur-
chased a beautiful summer home on Green Lake,
Wis., in an ideal location about thirty miles west of
Fond du Lac. Mr. Story is elated over his purchase,
and at present is spending a short vacation there. He
plans, however, to be back in Chicago soon to re-
sume his business.
NORTHWEST PROSPEROUS.
W. R. Oswald, dealer at 1216 West Broadway,
Spokane, Wash., who was a visitor in Chicago this
week, speaks encouragingly of general conditions
in the northwest coast country. He believes things
all point to continued prosperity and good business
in the music trade. Mr. Oswald left for home on
Wednesday.
Enhanced content © 2008-2009 and presented by MBSI - The Musical Box Society International (www.mbsi.org) and the International Arcade Museum (www.arcade-museum.com).
All Rights Reserved. Digitized from the archives of the MBSI with support from NAMM - The International Music Products Association (www.namm.org).
Additional enhancement, optimization, and distribution by the International Arcade Museum. An extensive collection of Presto can be found online at http://www.arcade-museum.com/library/
July 28, 1923
CHRISTMAN
Grand
when embodied with
Has The Appeal That
WINS THE BEST TRADE
The Summer Season is Made
Profitable to Dealers who
Sell this Remarkable Instru-
ment, for it has many Points
that no Other can claim.
YOU ARE LOSING SALES
Every day you are without
the influence of the
CHRISTMAN
Studio Grand
A WONDERFUL SMALL GRAND
only five feet long which embodies all
the advantages of the larger grands
and possessing a tone volume and
range of expression surprisingly broad.
Musicians quickly recognize the
characteristic tone qualities of the
CHRISTMAN GRAND
SEEING IS BELIEVING
The First Touch Tells t 9
Reg. U. S. Pat
Off.
Christman Piano Co.
597 East 137th St.
New York
LATE NEWS FROM
THE PORTLAND FIELD
Important Sociable as Well as Business Events
in the Recent Items From the Oregon
City.
James L. Jones, who was manager of the musical
department of the Davis-Kaser Co., of Walla Walla,
Wash., has been promoted to general manager of
the establishment, after making an enviable record
in the music department. His place has been filled
in the music department by George Cooper, formerly
of the firm of Long & Cooper, who has a music store
in Corvallis, Ore.
The McCormick Music Company of Portland,
Ore., has just received another large shipment of
Kimball pianos, which have been placed on the dis-
play floor. Mr, McCormick says that sales are very
good for the summer, the volume far exceeding that
of last year.
Thomas Young, the proprietor of the Economy
Drug Company of Pendleton, Ore., has moved into
his handsome new quarters. He has two stores side
by side, one for drugs and the other a complete
music shop. He handles the Gulbransen pianos and
the Edison, Brunswick and Victor phonographs.
The employe force of Sherman, Clay & Co. held
a picnic July 8th at Gales Creek, about twelve miles
south of Portland. Headed by J. H. Dundore, man-
ager of the retail department, and Elmer Hunt, of
the wholesale department, and with Art Stein in
charge of the big Sherman, Clay truck loaded with
eats that brought up the rear, the caravan headed
south. A delightful outing was enjoyed by the force
and their friends. The day was spent in baseball,
races, swimming and games of all sorts and a royal
time was enjoyed.
COLUMBUS, IND., MUSIC
HOUSE HOLDS LIVELY SALE
Charles T. Mitchell Purchases Fine Stock of Pearson
Piano Co. There.
The Columbus Music House, Columbus, Ind., which
recently bought the Williams Music Store at 427 Third
street and moved the stock of the Pearson Piano Com-
pany from Washington street to the Columbus Music
House's location on Third street, began a two-day
opening sale at the latter location last week.
This is proving a quite successful one, with large
numbers of customers calling at the new store. The
Columbus Music House has the agency for the Pear-
son Piano Company in this territory and is carrying
in stock that company's pianos, talking machines,
rolls, records, etc.
The removal of the stock of the Pearson Piano
Company's store from the location on Washington
street to the Columbus Music House's store on Third
street, was completed last week. The stock of the
Pearson company was purchased by Charles T.
Mitchell, owner of the Columbus Music House. The
Pearson company will not maintain a store in Colum-
bus in the future. James S. Rice is manager of the
store, which is located at 427 Third street.
THE PRICE MAINTENANCE
QUESTION NOT SETTLED
Government Discovers New Angle to Be Considered
in Suit Under Anti-Trust Laws.
Just when everybody had settled down with a feel-
ing of satisfaction, in the belief that the problem of
price maintenance had been solved, comes along a
new angle of it to create more litigation and uncer-
tainty. Decisions so far have determined that a
manufacturer may choose his own customers and,
consequently, may refuse to sell to such as do not
maintain resale prices. But he cannot bind his cus-
tomers not to resell to retailers indulging in cut rates.
A new feature, says the New York Times, is pre-
sented in a suit brought against the American Chain
Company by the Government under the anti-trust
'laws. The company, it appears, has obtained control
of certain patents on automobile bumpers, and, it is
charged, is trying to get a monopoly of the trade,
said to amount to $20,000,000 a year. Under ordi-
nary circumstances, the ownership of a patent is in-
tended to give one a monopoly. In the present in-
stance this might be entirely legal and proper, and
no allegations are made of wrongful practices. But
it seems that the company has licensed manufacturers
to make its devices, exacting from them the agree-
ment not to sell except at certain fixed prices.
This presents the question whether an act which is
lawful and proper for a principal becomes an offense
against the law when it is done by an agent. The
case will probably go to the court of last resort be-
cause of the principle involved, affecting, as it does,
the monopolistic right which underlies the granting
of any and all patents.
STORY & CLARK MANAGER
PLEASED WITH JULY SALES
Completion of Great Number of New Homes Makes
Summer Business Boom.
The store of the Story & Clark Piano Co., 1105
Chestnut street, Philadelphia, is being remodeled.
An important part of the work is the enlargement of
the elevator shaft. The heavy work of placing iron
girders for the extension of the space will be com-
pleted this week, according to General Manager Jules
Kohnheim.
July sales of instruments in all departments have
been very satisfactory so far. The completion of a
great number of new homes in the city and suburbs
has had a stimulating effect on piano sales. Phila-
delphia is having a building boom, or, rather, the in-
terrupted boom has been resumed. On the theory
that every newly occupied home requires a new
piano, player or reproducing piano, even if the new
occupants own an old instrument, the alert sales staff
of the Story & Clark Piano Co. has proceeded to
locate the owners. In many cases sales of pianos
were made before the new homes had been
completed.
FRANK A. VANDERLIP
DISCUSSES CONDITIONS
In Prominent Financier's View Wholesomeness of
General Conditions Is Pointed Out.
"The prosperity of this country, or perhaps I
should say the wholesomeness of general conditions,
today is unprecedented," said Frank A. Vanderlip in
New York this week.
"Labor is more efficient than ever, wages are high
and undoubtedly will remain high. We have a 100
per cent purchasing power and production is going
ahead at a high level. Recently there was a slight
slowing up, which must be viewed favorably and it
is safe to say that this conservatism prevented indus-
try from being accelerated at too rapid a pace. This
conservative attitude on the part of business only
means our evident prosperity will be prolonged.
"I firmly believe, despite the small outlet to foreign
countries of our enormous production, the United
States can within itself continue a prosperous na-
tion. Despite all industrial activity the potential
credit-expanding power of the country has not been
touched. The banks are in a position to meet still
larger credit demands. We now hold so much gold
the federal reserve system in an endeavor to conceal
it is forcing it into circulation."
USES OF COST ACCOUNTING.
In the preface to a book released by the Depart-
ment of Commerce, Secretary Herbert Hoover al-
ludes to growing desire for cost accounting in the
various trades. On this topic he says: "The truly
remarkable findings of Government agencies in the
war years gave the knowledge and understand-
ing of costs in production and distribution. Losses
often were confused with profits, those investigations
showed, all for the lack of knowledge of the funda-
mentals of cost accounting. Today, the trade asso-
ciation is proving itself the most potent organized in-
fluence in the study of costs in industry and trade,
aiming towards standard systems applicable to pecu-
liar conditions. All of which tend to more scientific
knowledge of business and ultimately lowered costs."
F. E. STORY BUYS SUMMER HOME.
F. E. Story, vice-president and treasurer of the
Story & Clark Piano Co., Chicago, recently pur-
chased a beautiful summer home on Green Lake,
Wis., in an ideal location about thirty miles west of
Fond du Lac. Mr. Story is elated over his purchase,
and at present is spending a short vacation there. He
plans, however, to be back in Chicago soon to re-
sume his business.
NORTHWEST PROSPEROUS.
W. R. Oswald, dealer at 1216 West Broadway,
Spokane, Wash., who was a visitor in Chicago this
week, speaks encouragingly of general conditions
in the northwest coast country. He believes things
all point to continued prosperity and good business
in the music trade. Mr. Oswald left for home on
Wednesday.
Enhanced content © 2008-2009 and presented by MBSI - The Musical Box Society International (www.mbsi.org) and the International Arcade Museum (www.arcade-museum.com).
All Rights Reserved. Digitized from the archives of the MBSI with support from NAMM - The International Music Products Association (www.namm.org).
Additional enhancement, optimization, and distribution by the International Arcade Museum. An extensive collection of Presto can be found online at http://www.arcade-museum.com/library/
Future scanning projects are planned by the International Arcade Museum Library (IAML).