- Steinway & Sons factory in Astoria builds 5,421 pianos – the biggest number since before the Great Depression. This record will only be exceeded in 1976.
- 1,959 of the total pianos built at Steinway & Sons are upright pianos – 248 more than in the previous year.
- Steiwnay & Sons makes $12,900,000 in sales.
- Steinway & Sons net profit is $1,000,000.
- Knut Grotrian makes a deal with The Rudolph Wurlitzer Company to sell Grotrian-Steinweg pianos in the United States. Steinway & Sons immediately sues Grotrian-Steinweg in New York court. (The case will drag on until 1975, and Steinway & Sons will finally win.)