m̀ss N 1. G. A. BULLETINCB OF T H E

SE9 B CR B T A A Y Th is bulletin is publis hed semi-monthly by the Natiorrel

Madi s on Av enue As s ociation of Coat Accountants , 3 8 3Madis on Avenue, New York

New York

G y In three sections — Section I I I

.190. r

V O L . X V I , N O . 14 + M A R C H 15, 1935

C U R R E N T CO ST L I T E R A T U R E

This Section, which is issued on the 15th of each month, contains a ll the availablereferences to cost articles and cost materia l published for the most part during the pastmonth. Those references marked with an asterisk ( *) are obtained from the Engineer-ing Index Service. Other references are secured from the Industrial Ar t s Index,published by The H . W. Wilson Co., 950 University Ave., New York, N. Y., andalso from periodicals received at National Headquarters.

Members will note that references have been placed only on one side of a sheetso that pages may be clipped and used in a permanent card file.

Arrangements have been made with the Engineering Societies Library to furnishphotostatic copies of any of the articles preceded by an asterisk ( *). The price of eachprint, up to 11 by 14 inches in size, is 25 cents plus postage. Orders should be sentdirect to the Engineering Societies Library, 29 W . 39th St., New York, N. Y., andshould include all details as to volume, number, pages, etc. Photosta tic copies ofarticles not marked with an asterisk cannot be provided.

To secure a co py of any of the publications here referred to, order directfrom the publisher. Addresses of periodicals referred to in this issue will be found

on page 850.

ACC O U N T I N G AN D A C C O U N T A N C YWitty, Richard A. Report Writing . The Commonwealth Journal of Accountancy.

January 1, 1935, pp. 137 -40.Matthews, C. N. Uniform Costing by Industries. The Cost Accountant. January,

1935, pp. 250 -55; discussion, pp. 256 -70.Paper submitted at the 13th National Cost Conference, in England, on October 19,1934.

AIR T R A N S P O R T A T I O NGoodwin, E. W . Cost Accounting for Air Transport. The Cost Accountant.

February, 1935, pp. 300 -7.A U T O M O B I L E I N D U S T R Y

See Labor — Oliver, Frank J.A U T O M O B I L E O P E R A T I O N S

Towne, J . D. How to Control Mileage Costs on Salesmen's Cars. System and Busi-ness Management. February, 1935, pp. 76, 92 -93.

B A K E R I E SSee Food.

B A N K S A N D BA N K I N GHetzel, Frederick . Establishing a Principle for Account Analysis. The Bankers

Magazine. February, 1935, pp. 199 -206.Third article in a series which started in December issue.

Hurdma n, Freder ick H. Bank Examination by Accountants. The Bankers Magazine.February, 1935, pp. 245 -52.

847

COMPTOMETER CONTROL GIVES YOU QUICK,VITAL ANALYSES OF YOUR BUSINESS OPERATIONS

ARE you ready with accurate costanalyses to profit from increased busi-ness? Have you complete informationon sales cost, by sa lesmen, by territories,by commodities? Do you have finger-tip control on costs as affected by in-creased volume, larger payrolls, fluctu.ating prices?

The COMPTOMETER Peg -Board methodbrings to your desk day -to -day, vital factsabout your business. It reveals dangersignals in time to give you complete con-trol —with these advantages:

I Makes use of original figures. Does awaywith the time and cost of recopying, post-ing. Reduces chance of error.

2 Extremely fast. Produces figure factswhile most valuable. Allows for promptaction on rapidly changing condit ions.

3 F;exible. Adaptable to most any kind offigure or cost routines.4 Economical. Savings of 35% or more arenot unusual .5 Simplifies collecting and computing figurefacts. Reduces number of operations

required.

The COMPTOMETER Peg -Board combina.tion not only gives you a control recordof sales, production, inventory, payrolland other costs; it consolidates reports,co- ordinates departments, opens up newavenues of savings and profits.

For full information on this modernbusiness aid write us direct or call theCOMPTOMETER office in your locality.There is no obligation on your part.Felt & Tarrant Mfg. Co., 1715 N. PaulinaSt , Chicago.

C O M P T O M E T E RT A A D R - M A R K

Woolley, E. S. How to Obtain Bank Costs . The Bankers Magazine. February, 1935,pp. 193 -98.Third article in a series which started in December issue. III —Funds Investedin Earning Assets.

BU D G ET SHawkins, J . Budgeting in Industry. The Cost Accountant. January, 1935, pp. 271 -77;

discussion, pp. 277 -90.Paper submitted a t the 13th National Cost Conference, in England, on October 20 ,1934.

BU IL D I N G S*Knox, F . J . Trends of Building Costs. Engineering News - Record. Vol. 113, No.

26. December 27, 1934, p. 833.Discussion by A. G. Middleton of paper in issue of September 6, 1934; author'sreply.

CLO CKS*Landfried, O. Der Zusammenbau von Weckerithren. Werksta ttst echnik and Werk-

sleiter. Vol. 28, No. 23. December 1, 1934, pp. 464 -66.Assembly of alarm clocks; plan of organization described.

CO N ST R UC T IO NHydraulic Fill for Quabbin Dike. Engineering News - Record. January 24, 1935, p. 146.

Unit prices given.D E P R E C I A T I O N

Lang, B. W. Fixing Depreciation on the Basis of Business Volume. Cost and Alan -agement. February, 1935, pp. 34 -39.

See also Food.ELE CT RI CI T Y

See Heating and Ventila ting.EN A M EL I N G

*Aldinger, R. Die Selbstkostenrechmnfg int Entailschtnelzwerk. Keramische Runa-schau. Vol. 42, No. 37 and 39. September 13, 1934, pp. 461 -63 and September 27,pp. 485 -87.Net cost accounting in enameling plants ; total costs divided in materials costs,wages, and operating costs, each of which is discussed and examples given.

*T odd, W. Costing for Vitreous Enameling. Foundry Tra de Jou rnal. Vol. 51 , No.958. December 27, 1934, pp. 401-3; discussion, pp. 403 and 410.Deals with group of shops or departments under one management, engaged inpreparation of parts for domestic household appliances; methods of cost analysisdiscussed under following groups: industrial , technical, commercia l, and financia l;main attention to technical use for establishing productive efficiency.

FO O DMurray, Charles. Manufacture and Distribution of Bread. The Journal of Account-

ancy. March, 1935, pp. 190 -200.Thies, John. Depreciation Takes on a New Meaning. Food Industries. February, 1935,

pp. 59 -60.H E A T I N G A N D V E N T I L A T I N G

Stud y for Hous ing Pr oje ct S hows Cost Sav ing s with Heating from Private ElectricPlant. Heating and Ventilating. February, 1935, pp. 26 -28.

IC E C R E A MKendall, H . H . The E ffe ct of Increased Volume on Plant Production Costs. The

Ice Cream Trade Journal. February, 1935, pp. 37, 40.

I N S U R A N C EDavies, G. Fay. Cost Accounting in Life Insurance Companies. Cost and Manage-

ment. February, 1935, pp. 39 -52.Knapp, D. G. Accounting for Business Life Insurance. The Journal of Accountancy.

March, 1935, pp. 179 -85.I N V E N T O R I E S

Chan, Stephen. Treatment of Declines in Inventory Values. The Journal of Account-ancy. March, 1935, pp. 171 -75.

Adopt Basic Principles o f `Last In , First Out" Uniform Inventory System. AmericanPetroleum Institu te Quarterly. January, 1935, pp. 13 -I5.

848

BurroughsD U P L E X

C A L C U L A T O R

TWO SETS OF DIALS ELECTRIC CLEARANCEIndividual tota ls are obta ined in front A single tou ch of a k ey c lea r s the front /

dia ls; then, if desired, transferred to rear dia ls without transferr ing; another keydials for accumulation into a grand tota l. clears both dials simultaneously. BothThe two sets of d ia l s ar e wel l sepa ra ted opera t ions are electric. N o cranks toto avoid confusion. turn; no levers to pull .

ELECTRIC TRANSFER FRACTIONAL CENTTou ching the transfer bar enter s the T he ma chine gives, o r takes, the half -amou nt o f t h e individual total in rear cent as desired; or accumulates fractionaldia ls el ectr ica lly, and clear s front dia l s. amounts in the normal way.

OTHER ADVANTAGESFASTER SUBTRACTION Complete one -hand cont ro l; uni form,

E n t i r e l y n e w fe a t u r e p r o v i d e s th e light touch for all keys; fast, positivesimplest method of su bt r act ion on any action; accuracy electrically enforced;key- actuated calcula ting machine. mo to r d oe s the work .

The Duplex is furnished in 9 and 13 column sizes. Write for illustrated folder.

BURROUGHS ADDING MACHINE CO., DETROIT, MICH.

WL

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L A B O RIs Piecework on the Way Out? Factory Management and Maintenance. February,

1935, pp. 66-67, adv. pp. 50 -54.Five plant - operating men from five industries discuss F . J . Oliver 's article onhour rates. According to these replies piecework is not on the way out.

Oliver, Frank J. It's "Hour Rates" in Detroit. Factory Management and Mainte-nance. January, 1935, pp. 9 -10; adv. pp. 40 -42.Some of the r ea sons why a grou p of important automobile manufacturers find itexpedient to abandon piecework and bonus.

Zinck, W . C. Routine Control of Labor Costs. Factory Management and Mainte-nance. February, 1935, pp. 70 -71 ; 4 illustrations.

M A C H I N E S H O P SKluter, G. L. Wclded vs. Cast Iron Jigs and Fixtures. Iron Age. January 24, 1935,

pp. 18 -21.Article contains cost data .

MI N I N G A N D Q U A R R Y I N GJones, T . W. Quarry Budget System. Rock Products. January 15, 1935, pp. 47 -48.

M O T O R B U S E S*Stuckey, G. Body Maintemance vs. Depreciation. Bus Transporta tion. Vol. 14,

No. 1. January 15, 1935, pp. 10 -12.Outline of some specific recommendations.

M O V I N G P I C T U R E C H A I N SRickman, S. D. Acconnting for Motion Picture Theater Chain. Pathfinder Service

Bulletin. January, 1935, pp. 1, 4 -5.

P O W E R*Frisby, B. Bonus Systems for Industrial Plants. Engineering and Boiler House

Review. Vol. 48 , No. 1. July, 1934, pp. 22, 24, 26, 28 and 30.Advantages of bonus systems in connection with saving of fuel; methods discussedand analyzed.

Thayer, P . M. Diesel Mainteivance Cost Analysis. Power Plant Engineering. Feb-ruary, 1935, pp. 97 -98.

*Wight, L. A. Steam Generation and Distribution Costs. Engineering and BoilerHouse Review. Vol. 48, No. 1. July, 1934, pp. 4 -6.Comprehensive discussion of a llocation of costs of both generation and distribution

of steam.P R I N T I N G

Miller, E. T . Post These Panels in Your Shop for Employees To See. Inland Printer.December, 1934, pp. 23-25; January, pp. 50 -51.Data on printing costs.

Notes on Cost Problems. Inland Printer. February, 1935, pp. 59 -61.PR O D U CT I O N CO N T RO L

See Ice Cream — Kendall, H. H.RA I L R O A D S

Supplies Big Factor in C. £r N. W. Operations. Railway Age. Vol. 97, No. 24.December 15, 1934, pp. 801 -3.Simplified procedure and mechanical handling of materials employed to obtainsmooth action a t Chicago shops.

S A L E S M E NNeally, A. W. Developing a Successful Plan for Compensating Salesmen. Executives

Service Bulletin. February, 1935, pp. 5 -6.Article by the Director of Marketing, Diebold Safe & Lock Co., Canton, Ohio.

See also Automobile Operations.S H E E T M E T A L CO ST S

Freyberg, R. H . Overhead Should Be Based opt Normal Business. Sheet MetalWorker. January, 1935, pp. 47 -48.

ST AT EMENT S — FIN AN CIALBa ck , W. J . The Statistical Presentation of Financial Data. The Incorporated Ac-

countants' Journal. February, 1935; pp. 173-77; discussion and illustrations, pp.

177-80.849

1932 and 1933 Year Booksfor New Members

Special Offer x$3.50 for Two

Originally these books sold for ,$3 each, but as long as they

last we are offering them at this reduced price for the benefit of

new members. Both books are cloth bound.

The 1932 Year Book presents:

THE TREND OF ACCOUNTING IN THE FUTURE MANAGEMENT OF AMERICANINDUSTRY, L. A. Miller, P. W . Pinkerton and W . L. Batt.

THE EVOLUTION AND BASIC PRINCIPLES OF BUSINESS ORGANIZATION,C. O. Wellington, H. A. Hopi.

THE RESPONSIBILITY OF THE ACCOUNTING DEPARTMENT IN SALES ACTIVITIES,J. P. Margeson, Jr., W. F. Vieh, H. A. Bullis.

THE RESPONSIBILITY OF THE ACCOUNTING DEPARTMENT IN THE ESTABLISHINGOF A SOUND FINANCIAL PROGRAM, C. R. Landrigan, P. D. Foster,G. E. Frazer, O. P. Decker.

THE RELATION OF ACCOUNTING TO PURCHASING AND TO PRODUCT ENGINEERING,L'. W . Jones, S. E. Skinner, J. A. Wilson.

HOW THE ACCOUNTING DEPARTMENT MEETS THE REQUIREMENTS OF THEMANUFACTURING EXECUTIVE, B. D. Kunkle, W . C. Reese, G. E. Smith,J. J. Timpy, L. J. McCarron.

The 1933 Year Book includes:

THE RECONSTRUCTION OF THE BALANCE SHEET, A. H . Carter, M. B. Walsh.

PRICING FOR PROFIT, A. Nelson, R. Pierce.

MUNICIPAL ACCOUNTING, G. A. Moe, A. A. O'Shea.

THE N. I. R. A. AND WHAT IT MEANS TO THE ACCOUNTANT, N. B. Gaskill,C. O. Wellington.

BUDGETARY CONTROL FOR THE SMALL BUSINESS, W. M . Smith , H. E. Howell.

STANDARDS AND THEIR APPLICATION TO DISTRIBUTION, T . McNiece,C. H. Knapp.

KINDLY SEND YOUR REMITTANCE WITH ORDER

385 Madison Ave., New York City

S T O R E S S Y S T E M S A N D S T O C K C O N T R O LSee Railroads.

T E L E P H O N E E X C H A N G E S*Barton, A. L. Automatic Exchanges — Maintenance Replacements: Outline of Central

Normal S tock Scheme. Post Office Electrical Engineers' Journal. Vol. 27, pt.4 .January, 1935, pp. 252 -58.Methods applied in Great Brita in; accommodation for spare par ts; accountingprocedure.

T E X T I L E M I L L S*Herches, H. Dos Bedaux System in der Textilindustrie. Sparwirtschaft. Vol. IZ,

No. 10. October, 1934, pp. 273 -75.Bedaux system in textile industry; chief disadvantage pointed out is that itcenters on intensification of human effort but no productivity of entire organization.

T I M E S T U D I E S*Euler, H . Die Beaeutung aer Zeitstudie flier Betriebsuartschaft and industrielies

RechnnngsuMsen. Archiv fuer das Eisenhuettenwesen. Vol. 8 , No. 7. January,1935, pp. 319 -24.Role of t ime studies in plant management and industria l accounting.

W A T E R W O R K S*finance and Accounting Division Discusses Taxation. Water Works Engineer . Vol.

87, Nos. 15 and 16, July 25, 1934, pp. 827 -30 and 833; August 8, pp. 878 -79.Eight papers, one of which is on "Uniform Classification of Accounts Suitablefor Municipal and Private Plants, " by E. V. Will iamson; effect of ta x laws, andeffect of Federal Securities Act ; work incentives. Proceedings of 1934 annualmeeting of Amer ican Wa ter Work s Associa tion.

A D D R E S S E S O F P U B L I C A T I O N S LI S T E DAmerican Petroleum Quarterly, 250 Pa rk Ave., New York, N. Y.Archiv fuer das Eisenhuettenwesen, Duesseldorf, Germany.Bankers Magazine, The, 465 Main St., Cambridge, Mass. 500).Bus Transportation, 330 W. 42nd St., New York, N. Y. (250) .Commonwealth Journal of Accountancy, The, 92 Queens St., Melbourne, Austra lia.Cost and Management, 50 Harbour St., Toronto, Ont., Canada. (500).Cost Accountant, The, 23 Queens Sq., London, W. C. 1, England.Engineering and Boiler House Review, 13 -16 Fisher St. , London, W. C. 1, England.Engineering News - Record, 330 W. 42nd St., New York, N. Y. (25¢).Executives Service Bulletin, 1 Madison Ave., N ew York, N . Y. (Free to executives.)Factory Management and Maintenance, 330 W. 42nd St., New Y ork , N . Y . (35¢).Food Industri es, 330 W. 4 2nd St., New York, N. Y. (25¢).Foundry Trade Journal, 49 Wellington St., Strand, London, W. C. 2, England.Heating and Ventila ting, 386 Fourth Ave., New York, N. Y. (30¢).Ice Cream Trade Journal, 171 Madison Ave., New York, N. Y. (250).Incorporated Accountants' Journal, Accountants' Hall , Victoria Embankment, Lon-

don, W. C. 2 , England.Inland Printer, 205 W. Wacker Drive, Chicago, Ill. (40¢).Iron Age, The, 239 W. 39th St., New York, N. Y. (250).Journal of Accountancy, The, 135 Cedar St. , New York, N. Y. (350).Keramische Rundschau, Berlin, Germany.Pathfinder Service Bulletin, 330 N. Los Angeles St., Los Angeles, Cal. (Free if

request on company letterhead.)Post Office Electrical Engineers' Journal, 4 Ludgate Hill , London, E. C. 4, England.Power Plant Engineering, 53 W. Jackson Blvd, Chicago, I l l . (250).Railway Age, 3 0 Church S t., New York, N. Y. (25¢).Rock Products, 330 S. Wells St., Chicago, Ill. (250).Sheet Metal Worker, 45 W. 45th St. , New York, N. Y. (250).Sparwirtschaft. Vienna, Austria .System and Business Management, 330 W . 42nd St., New York, N. Y. (350).Wa ter Work s Engineering, 225 W. 34th St., New York, N. Y . (250).Werkstattstechnik and Werksleiter , Berliner Strasse 171, Charlottenberg, Germany.

NurE: The prices given above, unless otherwise indicated, are for single issuesonly. Where the annual subscription rate appears, the price of single issues is notlisted. Where no price is given, the rate may be obtained by writing direct to theaddress listed. No attempt is made to price foreign publications becaus : of fluctuatingrates of exchange.

850

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"VE WET TOUCH""lac . d i /e r u e J/ ili i r9 a 1i o n

• Pounding keys is a th ing of the past . The opera tor 's hands rollover the keys of these new Monroe machines wi th the same Velve t

Touch tha t an organi st soft ly presses the keys of the manual .

Thi s new e asy act ion , th i s new speed in opera t ing ca lcula t ing,

listing, and bookkeeping machines , show up immedia te ly in lower

figuring costs. Pe r h ou r , per d ay, an d pe r ye ar , you ge t a grea te r

output of cor rect bus iness figure work . Smal l si ze and por t abi l i ty

are other remarkable features of these new Monroe machines. Here

at last is a desk size bookkeeping machine that can be readily moved

from one depar tment to another .

Monroe was in a uni que pos i t ion to modern ize compl e te ly the

whole range of business figuring machines. It was a case of adapting

to l ist ing and bookkeeping machines the basic pr inciples of simplic-

i ty, compactness , speed, and fl exibi l i ty tha t made the Monroe the

standard adding - calculator the world over.

Wherever you are Monroe service is available. Simply t e lephone

t h e o f f i c e n e a r e s t y o u a n d y o u c a n a r r a n g e t o h a v e a t r i a l o f o n e o f

t hese machines on your own figu r ing jobs , wi th out obl iga t ion.

ON OECALCULATING MACHINE COMPANY, INC.

GeneralOffices --, ORANG E, NEW JERSEY