doubtful whether the general tread of the lines on the
charts, or their relation to each other would be mate-
rially altered.
The relation between orders received, shipments,
and unfilled orders is clearly brought out by this
chart, in which it is shown that when orders received
Statistical Service of Music Industries Cham- in any one month fall below shipments made, the
number of unfilled orders is correspondingly reduced,
ber of Commerce Illustrates Conditions in
until at the end of May, 1924, it reached its lowest
Clear Form for Members.
point, indicating that at that time these manufactur-
Since October, 1923, thirty members of the Na- ers had fewer orders on hand than were necessary to
tional Piano Manufacturers' Association have been operate their plants for a month. During June, how-
co-operating in the Statistical Service established by ever, conditions improved somewhat, so that the line
the Music Industries Chamber of Commerce, by fur- representing unfilled orders again returned to the
nishing monthly reports of their orders received, uppermost position on the chart, where it rightfully
their shipments for the month, and the orders re- belongs.
The second chart shows the shipments reported by
maining unfilled on their books at the close of the
the thirty manufacturers who are co-operating in the
month.
The figures supplied by the members of the asso- service, classified according to the different types of
ciation have been consolidated by the Chamber into pianos manufactured—straight uprights, player up-
reports which have been sent every month to the co- rights, straight grands and reproducing grands. This
operators in the service, and charts have been pre- chart offers an opportunity for comparison between
pared from these reports which illustrate in a graphic the different types of pianos and shows whether im-
manner the trend of the industry from month to provement or depression in business is being felt
month, charts covering a period of nine months— equally or to a different extent in the different fields
of manufacture.
from October, 1923, to June, 1924. inclusive.
One chart shows orders received, shipments and
unfilled orders for all types of pianos as reported by
AMERICAN PIANO CO. STOCK.
the users of the Statistical Service. These thirty co-
In this week's record of industrial stocks it is in-
operators manufacture approximately one-third of all teresting to note that among the securities the quota-
the pianos produced in the United States and cover tions of which give evidences of having the staunch
practically every type and grade of piano, so that the confidence of the public are those of the American
chart may be taken as a reliable index of the industry Piano Co. On Thursday's list the stock of the big
as a whole. If all of the manufacturers in the coun- piano corporation was quoted at $120 bid and $130
try were furnishing figures for these reports the total asked for common and $88 bid and $91 asked for
figures would be about three times as great, but it is preferred. It is easy to estimate the liberal profits
made by original investors in American Piano Co.
stock, and the quotations go to show that the piano
industry is in sound condition.
PIANO INDUSTRY
FACTS ON CHARTS
QUALITY
in Name and in Fact
TONE, MATERIALS, CONSTRUCTION,
WORKMANSHIP, DESIGN—all in ac-
cord with the broadest experience—are
the elements which give character to
Bush & Lane Products.
BUSH&LANE PIANOS
BUSH & LANE CECILIAN PLAYER PIANOS
take high place, therefore, in any com-
parison of high grade pianos because of
the individuality of character which dis-
tinguishes them in all essentials of merit
and value.
BUSH & LANE PIANO CO.
17
PRESTO
September 6, 1924.
Holland, Mich.
BALDWIN IN AL FRESCO OPERA.
The thirteenth annual season of Ravinia opera and
concerts at the popular Lake Michigan resort north
of Chicago will shortly come to a close. The Bald-
win piano was the official instrument provided for
the use of the artists appearing on the various pro-
grams. The season at Ravinia opened on June 21
and has been a most successful one, the various
operas and concerts being attended by people from
all sections of the United States as well as from
abroad.
NEWMAN BROS. REPRODUCING
GRAND IS TRADE WINNER
Distinctive Tone Quality and Fine Construction
Recognizable Features of Chicago Instrument.
The line of the Newman Bros. Co., 815 Dix street,
Chicago, has made a fine impression on the trade,
and this fact is vindicated by the insistent demand of
the Newman Bros, representatives.
One of the big sellers in the fine line of the Chi-
cago firm is the reproducing grand, whose increasing
popularity has resulted in an increased producing
capacity at the factory. The merits of the repro-
ducing grand are a potent factor to which its large
sales are attributed, mainly the tone quality and
sound construction, which has made it a leader in
the reproducing field.
The Newman Bros. Co. in realizing the fact that an
instrument of mediocre tone and construction could
not possibly satisfy the class of customers it deals
with, set about to produce a reproducing grand of
the same exacting qualities exemplified in all the
products of the Newman Bros. Co. The conjunction
of the reproducing instrument is regarded as fool-
proof, and contains the best material obtainable for
piano construction. This character in piano material
in connection with the skilled force of technicians
who are adapted to fine piano construction, have
given the Chicago instrument much prestige among
discriminating buyers.
J. C. Wilson opened a music shop at 832 Massa-
chusetts avenue, Indianapolis, recently.
Schumann
PIANOS and PLAYER PIANOS
GRANDS and UPRIGHTS
Have no superiors in appearance, tone
power or other essentials of strictly
leaders in the trade.
Warning to Infringers
This Trade Mark Is cast
In the plate and also ap-
pears upon the fall board
of all genuine Schumann
Pianos, and all lnfrlngers
-will be prosecuted. Beware
of Imitations such as Schu-
mann & Company, Schu-
mann & Son, and also
Shuman, aB all stencil
shops, dealers and users of
pianos bearing a name In
Imitation of the name
Schumann with the Inten-
tion of deceiving the public
will be prosecuted to the
fullest extent of the law.
BUSINESS WITH UNITED KINGDOM.
Musical instruments were among the importations
from the United States to the Bradford district of
England during 1923, according to Consul Frank C.
Lee, in the city named. Bradford and vicinity being
one of the largest textile manufacturing centers in
the world, industrial activity in this district is based
almost entirely upon textiles.
The Grosvenor Music Store has been opened by H.
Lloyd Grosvenor in the Kappell Building, Fort
Wayne, Ind.
New Catalogue on Request.
For a
Bigger and Better
Business
Grand and
Reproducing
Grand Pianos
are the last word in
musical perfection.
Lester Piano Co.
1306 Chestnut St.
Philadelphia
There is nothing to compare
with the complete line of
M. SCHULZ CO.
The Players are RIGHT in
everything t h a t means
money to the dealers and
satisfaction to the public
You will never do anything better
than when you get in touch with
M. SCHULZ CO.
711 Milwaukee Avenue
CHICAGO
OUTHERN BRANCH: 730 Candler Bldg., ATLANTA, GA
Schumann Piano Co.
W. N. VAN MATRE, President
Rockford, 111.
ESTABLISHED 1854
THE
BRADBURY PIANO
FOR ITS
ARTISTIC EXCELLENCE
FOR ITS
INESTIMABLE AGENCY VALUE
THE CHOICE OF
Representative Dealers the World Over
Now Produced in Several
New Models
WRITE FOR TERRITORY
Factory
Leominster,
Mass.
Executive Office*
138th St. and Walton Ave.
New York
Division W. P. HAINES & CO., Inc.
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