Music: Phonograph Boom

Seven years ago the U. S. phonograph and record industry was so sick its own backers almost gave it up for dead. Today, it is not only up and around again; it has fattened into one of the fastest growing businesses in the U. S., with an annual gross of some $36,000,000. Every disc-buying jitterbug knows that records have been booming, but why, and just how much, has been anybody's guess. Last week in a figure-packed survey, FORTUNE put an end to guessing.

During the first quarter of the century records had their first boom....

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