Steinway & Sons in New York builds 900 pianos (888 grands and 12 uprights) – 85% decrease, compared to 1926. Hamburg Steinway Pianofabrik builds 216 pianos – 92% decrease, compared to 1926. This is Steinway & Sons’ lowest point during the Great Depression.

Steinway and Sons loss is $1,433,042 – the record loss in the company history.

Paul Bilhuber designs a very small upright piano, whose frame and strings are positioned at an angle, to allow the use of longer strings to obtain better tone. Foremen, remaining on Steinway & Sons’ payroll, build a prototype, and Paul Bilhuber shows it to Theodore Steinway, who rejects the idea of a new upright piano.