1937

Finweek English Edition - - IN BRIEF -

The year Frank Mu­sic, a clas­si­cal sheet mu­sic re­tailer, opened its doors in New York City. The shop, the city’s last brick-and-mor­tar re­tailer of clas­si­cal sheet mu­sic, will close on 6 March af­ter years of dwin­dling sales as mu­si­cians switched to buy­ing or down­load­ing sheet mu­sic on­line. Its stock, which is es­ti­mated at hun­dreds of thou­sands of scores, was bought by an anony­mous donor as a gift for the Col­burn School, a mu­sic con­ser­va­tory in Los An­ge­les. The ex­pected de­crease in South Africa’s maize har­vest this year due to drought, ac­cord­ing to the gov­ern­ment’s Crop Es­ti­mates Com­mit­tee. The likely har­vest of 9.66m tons will be the small­est crop since 2007 and can have im­pli­ca­tions for food prices and in­fla­tion. Grain SA warned in Fe­bru­ary that an aerial sur­vey of maize-grow­ing ar­eas in the North West and Free State showed large sec­tions where the dam­age in­flicted by the drought was “al­ready ir­re­versible”.

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