- The sale of Park Avenue factory is completed, and all Steinway & Sons piano manufacturing moves to Astoria.
- Steinway & Sons puts almost $200,000 into its “Sinking fund”, $360,000 into “Undivided Profit”, and yet $450,000 remain in net profit.
- By the end of the first decade of the XXth century, Steinway & Sons accumulates over $1,500,000 in assets.