Foes of mechanized music had cause for fresh mourning last week. Statistics published by the Census Bureau showed that U. S. manufacture of musical instruments has fallen off 38.9% since 1927. What was a $99,000,000 industry three years ago is now a $60,000,000 industry (figures based on f.o.b. factory prices). Apparent cause: radio.
Only $38,000,000 worth of pianos were sold in the U. S. in 1929 compared to $67,000.000 worth in 1927. The piano business decreased 34.7% in the number of establishments; wages fell off 39.5% and the total value of products...
To continue reading:
or
Log-In