40 W. 46th St., New York, NY. Musicraft began issuing classical and ethnic material in 1936 and owner Gordon Mercer was dedicated to bringing a sophisticated and esoteric repertoire to the marketplace. The operation went into receivership in Oct., 1942. New investors revived the label in Nov. 1943 and one of the first acquisitions was the assets of the Party Record Company. By 1944 the New York Society for the Suppression of Vice had served a summons on new president Paul Puner, who was later acquitted of pornography charges. Red-label party issues resemble Musicraft's popular series but use a reversed "laughing face" trademark of the Party Record Company. All discs released in albums and each side bears the album number plus side letter identical to Party Record Company releases. Albums 6, 8, 12 and 14 so far discovered.