`mss N 1. G. A. BULLETIN CB OF THE 9 B CR B T A A Y Th is bulletin is publis hed semi-monthly by the Natiorrel SE Madis on Av enue Association of Coat Accountants, 3 8 3 Madis on Avenue, New York New York G y In three sections — Section III .1 9 0. r

VOL. X V I , N O . 14 + MARCH 15, 1935

CURRENT COST LITERATURE

This Section, which is issued on the 15th of each month, contains all the available references to cost articles and cost material published for the most part during the past month. Those references marked with an asterisk ( *) are obtained from the Engineer- ing Index Service. Other references are secured from the Industrial Arts Index, published by The H. W. Wilson Co., 950 University Ave., New York, N. Y., and also from periodicals received at National Headquarters. Members will note that references have been placed only on one side of a sheet so that pages may be clipped and used in a permanent card file. Arrangements have been made with the Engineering Societies Library to furnish photostatic copies of any of the articles preceded by an asterisk ( *). The price of each print, up to 11 by 14 inches in size, is 25 cents plus postage. Orders should be sent direct to the Engineering Societies Library, 29 W. 39th St., New York, N. Y., and should include all details as to volume, number, pages, etc. Photostatic copies of articles not marked with an asterisk cannot be provided. To secure a co py of any of the publications here referred to, order direct from the publisher. Addresses of periodicals referred to in this issue will be found on page 850. ACCOUNTING AND ACCOUNTANCY Witty, Richard A. Report Writing. The Commonwealth Journal of Accountancy. , 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 TRANSPORTATION Goodwin, E. W. Cost Accounting for Air Transport. The Cost Accountant. February, 1935, pp. 300 -7. AUTOMOBILE INDUSTRY See Labor — Oliver, Frank J. AUTOMOBILE OPERATIONS Towne, J. D. How to Control Mileage Costs on Salesmen's Cars. System and Busi- ness Management. February, 1935, pp. 76, 92 -93. BAKERIES See Food. BANKS AND BANKING Hetzel, 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. Hurdman, Frederick 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 cost F;exible. Adaptable to most any kind of analyses to profit from increased busi- 3 figure or cost routines. ness? Have you complete information Economical. Savings of 35% or more are on sales cost, by salesmen, by territories, 4 not unusual. by commodities? Do you have finger- Simplifies collecting and computing figure tip control on costs as affected by in- 5 facts. Reduces number of operations creased volume, larger payrolls, fluctu. required. ating prices? The COMPTOMETER Peg -Board combina. tion not only gives you a control record The COMPTOMETER Peg -Board method of sales, production, inventory, payroll brings to your desk day -to -day, vital facts and other costs; it consolidates reports, about your business. It reveals danger co- ordinates departments, opens up new signals in time to give you complete con- avenues of savings and profits. trol —with these advantages: For full information on this modern Makes use of original figures. Does away business aid write us direct or call the I with the time and cost of recopying, post- ing. Reduces chance of error. COMPTOMETER office in your locality. There is no obligation on your part. Extremely fast. Produces figure facts 2 while most valuable. Allows for prompt Felt & Tarrant Mfg. Co., 1715 N. Paulina action on rapidly changing conditions. St , . C O M P T O M E T E R TAADR-MARK 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 Invested in Earning Assets. BUDGETS Hawkins, J. Budgeting in Industry. The Cost Accountant. January, 1935, pp. 271 -77; discussion, pp. 277 -90. Paper submitted at the 13th National Cost Conference, in England, on October 20, 1934. BUILDINGS *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's reply. CLOCKS *Landfried, O. Der Zusammenbau von Weckerithren. Werkstattstechnik and Werk- sleiter. Vol. 28, No. 23. December 1, 1934, pp. 464 -66. Assembly of alarm clocks; plan of organization described. CONSTRUCTION Hydraulic Fill for Quabbin Dike. Engineering News - Record. , 1935, p. 146. Unit prices given. DEPRECIATION Lang, B. W. Fixing Depreciation on the Basis of Business Volume. Cost and Alan - agement. February, 1935, pp. 34 -39. See also Food. ELECTRICITY See Heating and Ventilating. ENAMELING *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 Trade Journal. 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 in preparation of parts for domestic household appliances; methods of cost analysis discussed under following groups: industrial, technical, commercial, and financial; main attention to technical use for establishing productive efficiency. FOOD Murray, 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. HEATING AND VENTILATING Study for Housing Project Shows Cost Savings with Heating from Private Electric Plant. Heating and Ventilating. February, 1935, pp. 26 -28. IC E C R E AM Kendall, H. H. The Effe ct of Increased Volume on Plant Production Costs. The Ice Cream Trade Journal. February, 1935, pp. 37, 40. INSURANCE Davies, 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. INVENTORIES Chan, Stephen. Treatment of Declines in Inventory Values. The Journal of Account- ancy. March, 1935, pp. 171 -75. Adopt Basic Principles of `Last In, First Out" Uniform Inventory System. American Petroleum Institute Quarterly. January, 1935, pp. 13 -I5. 848 Burroughs D U P L E X CALCULATOR

IndividualTWOtotals SETSare OFobta DIALS ined in front A singleELECTRIC touch of a CLEARANCE key clears the front /

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LABOR Is 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 on hour 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 reasons why a group of important automobile manufacturers find it expedient 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. MACHINE SHOPS Kluter, G. L. Wclded vs. Cast Iron Jigs and Fixtures. Iron Age. January 24, 1935, pp. 18 -21. Article contains cost data. MINING AND QUARRYING Jones, T. W. Quarry Budget System. Rock Products. , 1935, pp. 47 -48. MOTOR BUSES *Stuckey, G. Body Maintemance vs. Depreciation. Bus Transportation. Vol. 14, No. 1. January 15, 1935, pp. 10 -12. Outline of some specific recommendations. MOVING PICTURE CHAINS Rickman, S. D. Acconnting for Motion Picture Theater Chain. Pathfinder Service Bulletin. January, 1935, pp. 1, 4 -5. POWER *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 discussed and 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 Boiler House Review. Vol. 48, No. 1. July, 1934, pp. 4 -6. Comprehensive discussion of allocation of costs of both generation and distribution of steam. PRINTING 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. PRODUCTION CONTROL See Ice Cream — Kendall, H. H. RAILROADS 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 obtain smooth action at Chicago shops. SALESMEN Neally, 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. SHEET METAL COSTS Freyberg, R. H. Overhead Should Be Based opt Normal Business. Sheet Metal Worker. January, 1935, pp. 47 -48. STATEMENTS — FINANCIAL Back, 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 Books for 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 AMERICAN INDUSTRY, 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 ESTABLISHING OF 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 THE MANUFACTURING 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 STORES SYSTEMS AND STOCK CONTROL See Railroads. TELEPHONE EXCHANGES *Barton, A. L. Automatic Exchanges — Maintenance Replacements: Outline of Central Normal Stock Scheme. Post Office Electrical Engineers' Journal. Vol. 27, pt.4. January, 1935, pp. 252 -58. Methods applied in Great Britain; accommodation for spare parts; accounting procedure. TEXTILE MILLS *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 it centers on intensification of human effort but no productivity of entire organization. TIME STUDIES *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 time studies in plant management and industrial accounting. WATER WORKS *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 Suitable for Municipal and Private Plants," by E. V. Williamson; effect of tax laws, and effect of Federal Securities Act; work incentives. Proceedings of 1934 annual meeting of American Water Works Association. ADDRESSES OF PUBLICATIONS LISTED American 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, Australia. 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., New York, N. Y. (Free to executives.) Factory Management and Maintenance, 330 W. 42nd St., New York, N. Y. (35¢). Food Industries, 330 W. 42nd St., New York, N. Y. (25¢). Foundry Trade Journal, 49 Wellington St., Strand, London, W. C. 2, England. Heating and Ventilating, 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, Ill. (250). Railway Age, 30 Church St., 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. , Austria. System and Business Management, 330 W. 42nd St., New York, N. Y. (350). Water Works 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 issues only. Where the annual subscription rate appears, the price of single issues is not listed. Where no price is given, the rate may be obtained by writing direct to the address listed. No attempt is made to price foreign publications becaus : of fluctuating rates of exchange. 850 r "VE WET TOUCH"" lac . d i /e r u e J/ ili i r9 a 1i o n

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