Zak, put the ketchup down and back away from the hat.
They both had just paid Western Electric an exorbitant amount to licence the use of their patented recording process (Victor paid $50,000 dollars in initial fees - they only made $25,000 profit the previous year) so they both had studios recording to work out the kinks in the system.
Columbia actually released the first discs in early March, with very little promotion of the new recording process while Victor, fearful that their back-catalogue of acoustic recordings would be made obsolete, held back the release of electrically recorded discs until "Victor Day" (November 2, 1925). A huge promotion of the new discs and, of course, new model 'Victrola' phonographs to play them on.