Music Trade Review
Issue: 1912 Vol. 55 N. 1 - Page 39
Music Trade Review -- © mbsi.org, arcade-museum.com -- digitized with support from namm.org
THE
MUSIC TRADE REVIEW
KEEPING THE RECORDS FOR COST.
daily tally of work. Say you want the cost on
veneer cutting. You already have, 'if your institu-
Different Methods Followed by Different Peo-
tion is well regulated, a time book from which you
ple in Arriving at a Solution of the Matter of
can tell every day the labor cost of operating the
Cost—Views of James Carew as Set Forth
veneer cutting room. Then all you need is a tally
in Veneers.
of the logs cut and of the stock turned out. That
gives you both yield and your basing ground for
There are different people used for finding cost,
cost figuring, the real record under natural condi-
just as there are different methods followed to
tions, and these, in the course of time, will give
arrive at it. Some make it a clerical job pure and
you the range of variations and the safe working
simple; have the time records and everything else
average. It matters not that you may shift about
kept by men employed specifically for that purpose,
and cut different products during the day—different
and some even go so far as to keep the workmen
kinds of timber into different thicknesses and
ignorant of what they are doing. The other ex- widths of stock. You can figure these out from
treme is represented by the concern that uses the
the daily tally and get the relation of each in a
workmen to keep time on their own work, and
more dependable form than that of striving to get
then let the bookkeeper tabulate the result.
it by keeping specific time on individual tasks, and
One of the objections to men keeping time on
it will cost less.
,
their own work, or even someone else keeping tab
The same thing is true of drying, of the glue
on the time required to do a certain specific task, is
room, of tha trimming and shipping department;
in that time-kept tasks are liable to err, hrst, from
it is the pay-roll, the daily time sheet and the daily
lack of a correct method of accounting for and tally that tells the correct story. You can use your
distributing time lost between jobs, and the time
preference about the gathering of this record, put a
taken to put machines in order now and then.
special clerk after it, or make the foreman of each
Another is that when the average workman has to
department keep a tally of the work as well as the
time himself, or knows that time is being kept on
time of the men. The point is to havg the full
him during a certain task, he is likely to vary his cost and the full output of every day's run before
gait from the natural, which, of course, spoils the
you to work on. This 'is the only dependable cost
object of the work.
record when it comes to determining the total cost
One of the best all-round methods for keeping a
of making an article. If it is a matter of finding
record of cost is with the daily time books and a the cost of each individual operation, then it is a
THE CORNWALL & PATTERSON M F G . CO.
PIANO, ORGAN and PLAYER HARDWARE OF EVERY DESCRIPTION
TRANSMISSIONS, SPOOLS AND TRACKER BARS
THREADED WIRES AND SPECIAL PARTS
Inquiries Solicited and Quotations Cheerfully Furnished
OFFICE AND FACTORY: BRIDGEPORT, CONN.
FELT
for all
Purposes
Piano and Organ Materials
Repairing Outfits
TOOLS
114-116 East 13th St.
NEW YORK
CHICAGO OFFICE:
325 S. MarKet Street
different matter. Even here, though, the same sys-
tem may be subdivided and made apply to indi-
vidual machines instead of to the departments as
a whole.
PRATT, READ & CO. EXPANSION.
Work Started on Another Addition to Large
Plant at Deep River, Conn.
Pratt, Read & Co., the well known ivory and key
specialists, of Deep River, Conn., have started work
on a two-story fireproof addition to the plant which
will be 110 by 25 feet. It will be of Dennison
blocks, with the outside in stucco, and a roof of
steel beams and reinforced concrete. The com-
pany has recently added a number of motor trucks
to its equipment.
FOUR BILLIONS IN TRADE.
Commerce of Fiscal Year Just Ended Breaks
All Records.
(Special to The Review.)
.;
Washington, D. C, July 2, 1912.
Merchandise entering and leaving this country
in its trade with foreign lands and our island pos-
sessions totaled during the fiscal year ended with
June the enormous sum of $4,000,000,000. This
represents the most active year of commerce that
the United States has ever experienced. Of the
total, the exports of manufactures made up more
than $1,000,000,000, and in this branch of our trade
•steel and iron manufactures led, with a total of
$275,000,000 exported. Copper and mineral oils
each accounted for more than $100,000,000, and
lumber and manufactures of wood . for nearly
$100,000,000. Other large items were leather and
manufactures thereof, amounting to about $60,000,-
000, and cotton manufactures, amounting to about
$50,000,000.
We imported about $1,000,000,000 worth of non-
dutiable merchandise. Of this about $900,000,000
was from foreign countries and $100,000,000 worth
from Hawaii and Porto Rico. Of the merchandise
coming from foreign countries only 53.5 per cent,
entered free of duty, against 44.3 per cent, during
the entire period of the Dingley law, 48.8 per cent,
under the Wilson law, and 53 per cent, under the
McKinley law, when the admission of sugar free
of duty made the percentage of duty-free imports
unusually large, but not so high as that of the
year just ended. In fact, the value of duty-free
merchandise entering from foreign countries in
1912 not only exceed by far that of any earlier
year, but also forms a larger share of the total
imports than in any previous year except 1892 and
1894, the opening and closing years of the opera-
tions of the McKinley law, when the imports of
•sugar free of duty were abnormally large. Im-
ports of duty-free merchandise never reached as
much as $100,000,000 prior to 1873.
THE PATON-PERRY CO.
PIANO HAMMERS
Leomlnster, Mass.
Largest exclusive manufacturers of
PIANO SHARPS
in Ebony and other woods.
It will pay yon to get our quotation*
-WESSELL, NICKEL & GROSS
MANUFACTURERS OF"
PIANO
WESSElUilCEE&GROSS.
HIGHEST GRADE
\l
INVISIBLE HINGES
Especially adapted
for Player-Piano.
Pianoi and Organs,
ACTIONS
ONE GRADE ONLY
OFFICE—457 WEST FORTY-FIFTH STREET
FACTORIES-WEST FORTY-FIFTH STREET, Tenth Avenue and West Forty-Sixth Street, NEW YORK
Very easily and
quickly attached.
Made in six sizes.
F«H M M .
SOSS MFG. CO.
4Sf AtUitlc Are.
^^S5^3W^33*S^5^W^S&NS£>Sa^3^^J^
ItOOKLYN. N. T.
Scad f*r C«t*f*« *•• Iff.
THE
MUSIC TRADE REVIEW
KEEPING THE RECORDS FOR COST.
daily tally of work. Say you want the cost on
veneer cutting. You already have, 'if your institu-
Different Methods Followed by Different Peo-
tion is well regulated, a time book from which you
ple in Arriving at a Solution of the Matter of
can tell every day the labor cost of operating the
Cost—Views of James Carew as Set Forth
veneer cutting room. Then all you need is a tally
in Veneers.
of the logs cut and of the stock turned out. That
gives you both yield and your basing ground for
There are different people used for finding cost,
cost figuring, the real record under natural condi-
just as there are different methods followed to
tions, and these, in the course of time, will give
arrive at it. Some make it a clerical job pure and
you the range of variations and the safe working
simple; have the time records and everything else
average. It matters not that you may shift about
kept by men employed specifically for that purpose,
and cut different products during the day—different
and some even go so far as to keep the workmen
kinds of timber into different thicknesses and
ignorant of what they are doing. The other ex- widths of stock. You can figure these out from
treme is represented by the concern that uses the
the daily tally and get the relation of each in a
workmen to keep time on their own work, and
more dependable form than that of striving to get
then let the bookkeeper tabulate the result.
it by keeping specific time on individual tasks, and
One of the objections to men keeping time on
it will cost less.
,
their own work, or even someone else keeping tab
The same thing is true of drying, of the glue
on the time required to do a certain specific task, is
room, of tha trimming and shipping department;
in that time-kept tasks are liable to err, hrst, from
it is the pay-roll, the daily time sheet and the daily
lack of a correct method of accounting for and tally that tells the correct story. You can use your
distributing time lost between jobs, and the time
preference about the gathering of this record, put a
taken to put machines in order now and then.
special clerk after it, or make the foreman of each
Another is that when the average workman has to
department keep a tally of the work as well as the
time himself, or knows that time is being kept on
time of the men. The point is to havg the full
him during a certain task, he is likely to vary his cost and the full output of every day's run before
gait from the natural, which, of course, spoils the
you to work on. This 'is the only dependable cost
object of the work.
record when it comes to determining the total cost
One of the best all-round methods for keeping a
of making an article. If it is a matter of finding
record of cost is with the daily time books and a the cost of each individual operation, then it is a
THE CORNWALL & PATTERSON M F G . CO.
PIANO, ORGAN and PLAYER HARDWARE OF EVERY DESCRIPTION
TRANSMISSIONS, SPOOLS AND TRACKER BARS
THREADED WIRES AND SPECIAL PARTS
Inquiries Solicited and Quotations Cheerfully Furnished
OFFICE AND FACTORY: BRIDGEPORT, CONN.
FELT
for all
Purposes
Piano and Organ Materials
Repairing Outfits
TOOLS
114-116 East 13th St.
NEW YORK
CHICAGO OFFICE:
325 S. MarKet Street
different matter. Even here, though, the same sys-
tem may be subdivided and made apply to indi-
vidual machines instead of to the departments as
a whole.
PRATT, READ & CO. EXPANSION.
Work Started on Another Addition to Large
Plant at Deep River, Conn.
Pratt, Read & Co., the well known ivory and key
specialists, of Deep River, Conn., have started work
on a two-story fireproof addition to the plant which
will be 110 by 25 feet. It will be of Dennison
blocks, with the outside in stucco, and a roof of
steel beams and reinforced concrete. The com-
pany has recently added a number of motor trucks
to its equipment.
FOUR BILLIONS IN TRADE.
Commerce of Fiscal Year Just Ended Breaks
All Records.
(Special to The Review.)
.;
Washington, D. C, July 2, 1912.
Merchandise entering and leaving this country
in its trade with foreign lands and our island pos-
sessions totaled during the fiscal year ended with
June the enormous sum of $4,000,000,000. This
represents the most active year of commerce that
the United States has ever experienced. Of the
total, the exports of manufactures made up more
than $1,000,000,000, and in this branch of our trade
•steel and iron manufactures led, with a total of
$275,000,000 exported. Copper and mineral oils
each accounted for more than $100,000,000, and
lumber and manufactures of wood . for nearly
$100,000,000. Other large items were leather and
manufactures thereof, amounting to about $60,000,-
000, and cotton manufactures, amounting to about
$50,000,000.
We imported about $1,000,000,000 worth of non-
dutiable merchandise. Of this about $900,000,000
was from foreign countries and $100,000,000 worth
from Hawaii and Porto Rico. Of the merchandise
coming from foreign countries only 53.5 per cent,
entered free of duty, against 44.3 per cent, during
the entire period of the Dingley law, 48.8 per cent,
under the Wilson law, and 53 per cent, under the
McKinley law, when the admission of sugar free
of duty made the percentage of duty-free imports
unusually large, but not so high as that of the
year just ended. In fact, the value of duty-free
merchandise entering from foreign countries in
1912 not only exceed by far that of any earlier
year, but also forms a larger share of the total
imports than in any previous year except 1892 and
1894, the opening and closing years of the opera-
tions of the McKinley law, when the imports of
•sugar free of duty were abnormally large. Im-
ports of duty-free merchandise never reached as
much as $100,000,000 prior to 1873.
THE PATON-PERRY CO.
PIANO HAMMERS
Leomlnster, Mass.
Largest exclusive manufacturers of
PIANO SHARPS
in Ebony and other woods.
It will pay yon to get our quotation*
-WESSELL, NICKEL & GROSS
MANUFACTURERS OF"
PIANO
WESSElUilCEE&GROSS.
HIGHEST GRADE
\l
INVISIBLE HINGES
Especially adapted
for Player-Piano.
Pianoi and Organs,
ACTIONS
ONE GRADE ONLY
OFFICE—457 WEST FORTY-FIFTH STREET
FACTORIES-WEST FORTY-FIFTH STREET, Tenth Avenue and West Forty-Sixth Street, NEW YORK
Very easily and
quickly attached.
Made in six sizes.
F«H M M .
SOSS MFG. CO.
4Sf AtUitlc Are.
^^S5^3W^33*S^5^W^S&NS£>Sa^3^^J^
ItOOKLYN. N. T.
Scad f*r C«t*f*« *•• Iff.
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