Word: hifi
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...hifi" (for "high fidelity") is a man who believes that sooner or later he can hook up enough amplifiers, tone arms and speakers in his living room to make his recordings sound just as good as a performance in a concert hall-maybe better. Half a dozen years ago, there was hardly a platoon of them in the whole U.S. Last week in Manhattan, 15,000 of them trooped to the fourth annual hi-fi roundup, known as the Audio Fair. Partsmakers and plain fans, they took over 116 rooms of the New Yorker Hotel, set up their wares...
Last week's exhibitions proved that binaural recordings work. But until the major record and phonograph companies find a way to bring the costs of the system down, it will likely remain just a novelty for the well-heeled hifi. Main drawbacks at present: 1) there is no repertory of double-grooved records-only a few specimen recordings, and 2) a home system for playback might cost twice as much as today's equipment...