- Alexander “Sasha” Greiner becomes the head of Concert and Artists department at Steinway & Sons, after Ernest Urchs.
- Steinway & Sons’ net profit is $759,000.
- Steinway & Sons’ Hamburg factory builds 2,602 pianos, making the profit of $38,76 per piano.
- The construction of the new Steinway & Sons factory in Germany that began in 1923, is finished.
- Rapid increase in sales of used pianos – for the piano industry, the sign of approaching economic crisis.