138 Broadway, Brooklyn, NY. On Sept. 20, 1939 Variety reported that U.S. Records had worked out a special license with publishers and would be the first to include a notice for non-commercial or home use on its labels and some copies of the Party Record Company carry this warning. Incorporated in 1941 at 415 Lexington Ave., New York, NY, dissolved July 21, 1944. Red label (usually sans the 'non-commercial' warning) continued through WWII. A brochure indicates that album #5 was the first released, albums 5-14 reported, blue or red labels with gold print. Sold to Musicraft Party Record.