For several reasons the radio industry has of late been depressed. The business is seasonal to a great extent, owing to lack of interest in holding front-parlor concerts during summer, when other attractions intervene. Sales of equipment have regularly slumped over the summer and recovered in the winter.
Furthermore, producers of receiving equipment surpassed even the surprising demand last winter, and piled up this spring large inventories. Finally, the dull and uninspiring flood of stuff poured out on the air by many stations last season threatened permanently to impair interest in radio concerts;...
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