The talking machine world (July-Dec 1920)

August IS, 1920 THE TALKING MACHINE WORLD 115 H. J. SMITH LABORATORIES Jewel Manufacturer EXECUTIVE OFFICES, FINISHING and RECORDING LABORATORY JEWELS Plant No. 1 833 Broad Street Telephone 2896 Market NEWARK, N. J. SAWING GRINDING ROUGHING ROLLING and EXPERIMENTAL LABORATORY Plant No. 2 54V2 Franklin St. NEWARK, N. J. Manufacturer of Phonograph Diamond and Sapphire Reproducing Points — Recording Laboratory Jewels — Rough Diamond — Diamond Powder — Experimental Work. Jewels manufactured for all talking machine records. Consulting Specialist on all experiments relating to any new recording grooves. Recording problems satisfactorily worked out. EILERS LITIGATION REOPENED Federal Judge Bean Announces Decision Giving Eilers Music House Jurisdiction Over $50,000 Stock of Oregon Eilers Music House Portland, Ore., July 24. — In an oral opinion handed down by Federal Judge R. S. Bean, of the United States District Court, the exceptions to a special master's report were overruled, the report being submitted by Referee A. M. Cannon in the matter of the Eilers Music House vs. Oregon Eilers Music House. The findings virtually determined that the Oregon Eilers Music House assets, which amount to about $50,000, belonged to the chain store system of Eilers Music House and should be administered by the trustee for Eilers Music House. Judge Bean held the court acted within its jurisdiction in hearing the case. The trustee ill bankruptcy filed a petition requesting permission to use the necessary action to collect all valid claims. The court granted the petition and said that an order so stating would be issued. Attorneys for the Oregon Eilers Music House stated that an attempt would be made to secure a-rehearing in the case. If a rehearing is not granted, an appeal will be taken to the Circuit Court of Appeals, it was said, and necessary bond posted on the appeal. Ten days were allowed to perfect the appeal. EXPORTS TOTAL EIGHT BILLION $7,500,000 COLUMBIA NOTE ISSUE Prominent New York Banlking Houses Announce Issue of Columbia Graphophone Mfg. Co. 8 Per Cent Five-year Notes at Par EASTERN PHONOGRAPH CORP. The Guaranty Trust Co., Kissel, Kinnicutt & Co. and Dominick & Dominick last week made an offer of an issue of $7,500,000 five-year 8 per cent gold notes of the Columbia Graphophone Mfg. Co. at par and interest. The company agrees to pay interest on the notes February 1 and August 1, without deducting normal Federal income tax not in excess of 2 per cent and agrees to refund the Pennsylvania four-mill tax. The notes, which will be dated August 1, 1920, will be a direct obligation of the company, which has no other funded debt outstanding. The issue will be redeemable in whole or in part on thirty days' notice at par and interest, plus a premium of one-half per cent for each six months' period by which the maturity is anticipated. Each note for $1,000 will, carry the privilege of purchasing three shares of the company's common stock at $35 a share after February 1, 1921. The Eastern Phonograph Corp., New York, has been incorporated with a capital of $100,000, to do a business in talking machines and motion pictures. The incorporators of the new company are G. Seifert, C. Safir and S. A. Friedberg, 869 Stebbins avenue, Bronx. United States Set New High Record, Not Only in Exports but Also in Imports, Leaving Balance of $2,872,000,000 — Interesting Figures SONORA JOBBERS DAMAGED BY FIRE . The Robinson-Pettit Co., Sonora jobbers of Louisville, Ky., was recently damaged to the extent of several thousand dollars when the automatic sprinkler system was started by a small fire on the second floor. A famous merchant says that of all forms of publicity used by his store the show window is the most important. He bases this statement on the fact that the window gets in its work when the customer is on the spot, ready and able to purchase, with the least inertia to overcome. WashingtO'N, D. C, July 26. — Exports from the United States during the fiscal year ended June 31; reached a new high record of $8,111,000,000, but as all records for imports also were smashed the net trade balance in favor of this country was only $2,872,000,000. This compared with a trade balance of slightly more than $4,000,000,000 the year before. The figures were made public to-day by the Department of Commerce and constitute a new high water mark. Imports for the year were valued at $5,238,746,580, an increase of more than $2,000,000,000 compared with the year before and $3,000,000,000 during the year ending June 30, 1918. The exports for the year compared with $7,232,282,686 the year before, an increase of $878,893,445. Now for a strong and a long pull to make an active Fall business. MISS MARTHA BAIN ENGAGED Announcement has been made of the engagement of Miss Martha Bain, of the Stewart Dry Goods Co., to Stephen Jenkins, who is connected with the offices of the Louisville & Nashville Railroad. The date of the wedding is set for late in the Fall. The Stewart Dry Goods Co. is one of the prominent talking machine houses of the city. APPOINTS NEW JOBBER The C. E. Ward Co., of New London, O., manufacturer of Ward khaki moving covers, has announced the appointment of the Associated Furniture Manufacturers Co., of St. Louis, Mo., as distributor for this well-known line of covers. Sometimes the people who have the least money buy the most expensive records, proving that they are the real music lovers. "WHAT ARE YOU SHORT?" Get in touch with us. We hare everything in the phonograph line — ^Needles, Tone Arms, Motors, Cabinets, all kinds of accessories and repair parts. We specialize on Main Springs, Bettertone Phonographs. Let us do your repairs. PLEASING SOUND PHONOGRAPH CO., 204-206 East 113th St., New York. Victor Supremacy again manifested While many of the imitative machines are being sold over the Country at cut-prices and the manufacturers of some are tottering into bankruptcy, Victor prices are being maintained everywhere with an unsatisfied demand stronger than ever. The public knows and is willing to pay the price for the quality which has made the Victor Supreme TALKING MACHINE CO. BIRMINGHAM