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Edward E. Shumaker, President of the RCA— Victor Co, , of Camden, K. J. , in an address before the Membership Council of the Merchants* Association of New York, declared that the nation is far from "broke" and called upon industry to lead the way to a revival of business.
Pointing out that savings accounts had gained $200,000,000 within the past year and that the business recession was only ten per cent below normal years, he said the important thing is "to reestablish confidence,"
Station WMCA, operating on the 526 meter channel, expects to have its new transmitter on the air within three weeks. The power is rated at 1,000 watts. The aerial is located at Hoboken and the studio in New York,
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CHICAGO RADIO SHOW SUCCESSFUL
The Ninth Annual Chicago Radio Show, which closed Sunday night (Oct, 26) attracted 195,400 visitors. During the trade show hours, wholesale business to the amount of $12,875,000 was transacted.
This year*s exposition was one of the most successful, for in view of unprecedented depression, the attendance figures showed but a small relative decline, from the previous year* s total of 220,000.
There was 14 per cent less space utilized by manufacturers* displays than last year. The amount of business transacted at the show would seem to indicate better times for the industry, and leading executives in the industry expressed themselves as highly content, not only with the show, as a merchandising medium, but with the prospects for the immediate future.
"Reports in our New York office", said Bond Geddes, of New York City. Executive Vice-President of the Radio Manufacturers’ Association, "show that the radio business has improved fully 25 per cent in the last five weeks."
"We are all more than satisfied with the business booked at the Chicago Radio Show", said Arthur T. Haugh, former President of the R.M.A. , "and we feel that the radio industrial and merchandis¬ ing situations are on a much firmer basis than they and other lines have been for the last several months."
H. B. Richmond, of Cambridge, former President of the Association, said: "I am confident that the Chicago radio show really opened a very active radio season, and I look for a gross retail business this year that will run close to the $600,000,000 mark. »
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