CHICAGO AND THE MIDDLE WEST

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CHICAGO AND THE MIDDLE WEST

Frank W. Kirk, Manager, 333 North Michigan Avenue, Chicago

Tonk Mfg. Co. Takes Over Bench

a year ago. The diviAerid has been increased Mid the statement has previously been noted

Business of S. E. Overton Co. in the financial columns of the various local newspapers that all the bonded indebtedness

has been paid off. Statement of earnings for

Important Acquisition of Chicago Concern Also Includes Logansport Furniture Co.-- 1928 have not yet been published but partial

Percy Tonk Continues as President

statements indicate an enormous increase over any previous year.

While the S. E. Overton Co. discontinues its bench business by transferring its assets t the Tonk Mfg. Co., the transaction in no way affects any other department of the S. K. Overton Co. and it will continue to make the many other articles which it manufactures for other industries.

As a result of the merger, however, the Logansport Furniture Co. goes out of business altogether and Edwin l>. Ash, former head of that concern, becomes vice-president of the Tonk Affg. Co.

The board of directors of the Tonk Mfg. C o , as an outcome of this combine, now consists of I'crcy A. Tonk, president; Edwin II. .Ash, vice-president; Charles h\ Overton, S. K. < )verton and Hampton Rich.

Obviously this tremendous growth in the value of the company's stock is due to the increase in the company's earnings and its consequent popularity in the investment class. The QRS Co., in addition to being the largest makers of player rolls, also makes the QRS Movie Cameras and electrical and regular portable phonographs and accessories, as well as Neon tubing.

Among the beneficiaries of this great increase in the value of the QRS stock are a number of piano merchants, who for years have been handling the QRS rolls and long ago appreciated the earning possibilities of this company, buying stock and now profiting by regular dividends but much more by the increase in the cash value of their holdings.

George L. Ames, Sales and Advertising Man-

ager, when asked about this fine record, said:

Ways and Means--Frank Whitmore, W. W. "The facts speak for themselves and the steady

Kimball Co., chairman; H. A. Dickinson, Bald- increase in earnings comes from the variety of

win Piano Co.; W. E. Guylec, Cable Co ; Roger products which the company makes and which

O'Connor, Kranich & Bach; C. H. De Acres, are meeting with steadily increasing approval

Lyon & Healy.

from the public. All our departments are do-

Membership--George W. Lawrence, Bald- ing well and there is every indication that win Piano Co., chairman; Don Steger, Steger there will be a continued healthv growth."

Percy A. Tonk

/CHICAGO, 111., January 5.--Negotiations ^ ^ were recently completed whereby the Tonk Mfg. Co., makers of piano benches, takes over the bench business of the S. E. Overton Co., South Haven, Michigan, and the Logansport Furniture Co., of Logansport, Indiana.

& Sons Piano Mfg. Co.; Gordon Laughead, Wurlitzer Grand Piano Co.; R. A. Burke, Story &-Clark Piano Co.; Harry Bibb, Sonora Co.

Entertainment and Reception--Henry E. Weisert, Bissell-Weisert Co., chairman; Eugene Whelan, W. W. Kimball Co.; L. Schoenewald, Ampico Company; E. V. Galloway, Henry Holtzman & Son; Harry Schafif, Adam Schaff;

Detroit Branch to Move

DETROIT, MICH., January 7.--The Kimball Piano Co. will move February 1 to a new and smaller location on Broadway, owing to the termination of their present lease.

Consult the Universal Want Directory of

C. W. Hyde.

The Review.

Annual Banquet of Chicago

Promotion of Music--C. E. Byrne, Steger & Sons Piano Mfg. Co., chairman; James T.

P. & O. Ass'n on January 24 Bristol, Bankers Commercial Security Co.;

Wm. Braid White, American Steel & Wire Co ;

Put this

book

Interesting Program of Speakers and Entertainment Has Been Arranged--President Cook Names Committees

G. R. Brownell, Lyon & Healy; Chas. H. Burtzloff, Kohler Industries; John J. Tieman.

Judiciary--Adam Schneider, chairman.

io work for you

CHICAGO, I I I . , January 7.--President R. J. Cook of the Chicago Piano & Organ Association announces that the annual dinner and meeting of the Association will take place Thursday, January 24, at the Union League Club. An interesting program of speakers and entertainment is being arranged by Henry Weisert, chairman of the entertainment committee.

President Cook also announces the appointment of the following committees for the ensuing year:

American

PIANO WIRE

"Perfected" ? "Crown"

American Steel tic Wive

Chicago - New York

Company

QRS Go.'s Stock Had Big Rise During Past Year

Chicago Stock Exchange Review Showed It Was Exceeded by One Other Company Alone --Tripled Fou/r Times in Value

CHICAGO, I I I . , January 7.--In the Chicago stock cxcha,nge review for the year ending December 31, 1928, of stocks listed on that exchange (approximately 250 different issues) the QRS Co.'s stock shows a phenomenal rise in value, being exceeded in the entire list only by one automobile specialty. Last year, for example, the QRS Co.'s stock enjoyed an increase in price per share of $106.50, rising from $38 to $145 at the close of the year.

It is now almost four times the value it was

L U D W IG

Grands--Uprights--Player Pianos--Reproducing Pianos

of the Highest Quality in Straight and Period Models

Ludwig & Co*, 136th St- and Willow Ave., New York

SELLING MUSICAL MERCHANDISE

BY JAMES A. FfiEW

The only book published which shows music dealers how to go about organizing a musical merchandise department and how to run one at a profit. It it written by a man who has used every method he describes in his own business and every one of them made money for him. Put them to work for yourself.

Sent to you FREE for five days

Test this book by reading it at our expense. Fill out the inspection coupon and mail it for our free five-day inspection offer to Music Trade Review, readers.

Mail This Coupon

Edward Lyman Bill. Inc., 420 Lexington Ave., New York City.

You may send me a copy of "Selling Musical Merchandise" for which I herewith remit $3.

?tr??t CIO-

34

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