- Steinway & Sons in the United States builds 2,535 pianos.
- Steinway & Sons’ makes sales are $4,901,000 (almost $400,000 more than the previous year).
- Steinway & Sons pianos are used in 905 concerts in New York City during this year.
- Henry Z. Steinway assigns executive positions within the company, with clearly defined duties. John H. Steinway is in charge of advertising; Frank Walsh controls the factory; Roman de Majewski is responsible for sales; Rudolph Freimuth manages the New York store; Edwin B. Orcutt oversees the administration, Alexander Greiner handles Concert and Artists Department. Eventually most of these men will become Vice-Presidents in charge of their respective areas of responsibility, and by establishing their structure, Henry Z. Steinway will accomplish what was suggested by Robert Heller Associates in 1941: giving the non-family management team control over Steinway & Sons’ Board of Directors.
- Steinway & Sons leases the fourth floor of Steinway Building to Manhattan Life Insurance Company.