Exhibitors Herald World (Oct-Dec 1930)

20 EXHIBITORS HERALD -WORLD October 4, 1930 Bright Outlook Seen in Profit Returned by Four Companies Fox Gains 21 Per Cent in 39 Weeks— M G M Net for 12 Weeks Is $3,186,267— Technicolor Net for Eight Months $942,590 — Paramount Film Rentals Up 3 Per Cent (Special to the Herald-World) NEW YORK, Oct. 2. — Recent reports of earnings by four companies of the industry carry with, them an optimistic note. The Fox Film company, in a tentative statement of earnings for the 39 weeks ended September 27, reports a common stock dividend balance of $10,104,196 as against $8,337,196 for the same period of 1929, an increase of 21 per cent. The Paramount Publix corporation has announced that receipts from film rentals in the United States and Canada for the quarter ended September 27, were 3 per cent in excess of the receipts for the corresponding period last year. A net profit of $3,186,267 is shown by Metro-Goldwyn-Mayer Pictures Corporation for the 12 weeks ended June 6, 1930, in a statement of income just issued. Gross profit totals $4,753,443, and operating expenses reach the figure of $1,753,446, resulting in an operating profit of $2,999,997. Miscellaneous income is listed at $186,270. The net profit figure is noted as before taxes. Technicolor, Incorporated, reports a net profit for the eight months ended August 31 of $942,590, after operations, amortization and Federal and state taxes. Gross profit was $1,849,019 for the period. Current assets are noted at $1,397,396, of which cash comprised $289,387 and accounts receivable $570,880. Current liabilities are listed as $589,364, accounts payable totaling $320,861 and surplus $1,891,217. _ Total resources of the company and subsidiaries are $7,790,071. The Fox statement of tentative earnings shows a gross revenue of $34,496,124 compared with $28,553,607 for the corresponding period of 1929. Amortization of inventory films including participations increased $3,710,360. If the same rate of amortization of film cost as used in 1929 had been maintained, the statement said, net would have been $2,890,692 more. Warner Brothers Pictures, Inc., and its numerous subsidiaries, was resumed this week. Its editors are Alfred N. Zimbalist and Sidney H. Rechetnik. New Warner Theatre to Open Soon; Two Others To Be Erected in East (Special to the Herald-World) WEST CHESTER, PA., Oct. 2.— The new Warner Brothers theatre here, now nearing completion, will in all probability be ready for operation during the last week in October or the first week of November. It will seat 1,646. Rapp and Rapp are the architects. In Morgantown, West Virginia, ground will be broken within two weeks for the erection of a 1,200 seat house, and in Torrington, Conn., Warner Brothers have been receiving estimates for the construction of a new 1,900 seat house. Thomas W. Lamb, designer of the Hollywood theatre in New York is the architect. Club Paper Going Again (Special to the Herald-World) NEW YORK, Oct. 2.— Publication of Warner Club News, the social organ of Cutler-Hammer Moves Philadelphia Offices (Special to the Herald-World) PHILADELPHIA, Oct. 2.— The local sales office of Cutler-Hammer, Inc., has been transferred to the tenth floor of the new Terminal Commerce building, 401 North Broad street. Loew Talks to Group In Australia by Phone (Special to the Herald-World) NEW YORK, Oct. 2.— A rthur Loew, head of the international department of M G M, spoke to a group of delegates attending a company meeting in Sydney, Australia, over a specially arranged long-distance telephone connection a few mornings ago. The conversation lasted for 38 minutes. 1930-31 Committees of Catholic Picture Guild Named by James Ryan (Special to the Herald-World) NEW YORK, Oct. 2— James Ryan, president of the Catholic Motion Picture Guild, has anounced appointment of the following Guild committees for 1930-31: Executive, James Ryan, chairman, Johnny Hines, John J. Gain, James Gleason, John W. Considine, Jr., Jack Coogan, Sr., Winfield Sheehan, James J. Dunn, Joseph P. Kennedy and Edward Manning. Advisory board, William K. Howard, chairman; Neil Hamilton, C. C. Burr, John McCormack, Nancy Carroll, John Ford, Sam Taylor, Robert McGowan and George Cooper; entertainment, Robert Emmett O'Connor, chairman, Eddie Albright, Harry Tierney, Pat O'Malley, Walter Wills and Jose Bohr; publicity, Erie Hampton, chairman, Frances Scully, Bert Ennis and Joseph Shea; membership, Frankie Dolan, chairman, Eric von Stroheim, Sarah Padden, Maureen O'Sullivan, Patsy O'Byrne; corresponding secretaries, June Collyer, Ina Mae Merrill and Leo McCarey. N. Y. Loew Chain Bills All Tiffany Chimp Comedies (Special to the Herald-World) NEW YORK, Oct. 2.— The Tiffany Talking Chimp comedies series has been booked in its entirety for the Loew New York circuit, including all the deluxe houses. Booking was arranged by Phil Meyer, in charge of the New York division for Tiffany. The same series has also been booked for the complete group of Loew theatres in Cleveland, Washington and other key cities. SECURITIES PRICE RANGE Week Ending October 1 (Special to the Herald-World) NEW vYORK, Oct. 2.— Recoveries, in which amusement man Kodak gained 8^g points, A. T. & T., 3^g, General Elecstocks helped lead the way, followed the onslaught of the bears trie, 3%, Radio 2, Westinghouse 4%. in the first two days this week. In Wednesday's trading East Following is a summary of the past week's trading : NEW YORK STOCK MARKET Sales 100 6.400 7,700 600 8,500 5,500 American Seating Brunawick-Balke-Collender Celotex Do. ctfs Consolidated Film Do. pfd Eastman Kodak 46,100 Electric Storage Battery 4,060 Fox Film "A" 234,400 Gen. Theatre Equipment 42,500 Keith Albee Orpheum 100 Loew's Inc 107,200 Do. pfd. ww 200 Do. pfd. xw _ 900 Metro-Goldwyn-Mayer, pfd 500 Mohawk Carpet 1.700 Paramount 98,700 Pathe Exchange 11,400 Do. "A" 5,400 Radio Corporation 1,050,200 Do. pfd. "A" 1.700 \).,. pfd. "B" 10,200 Radio Keith Orpheum 380,200 High 8 15% 11% 10% 18 20% 208% 63 48% 31% 105 75% 108% 98% 26% 17% 56% 4 9 36% 55% 66% 31% Low 8 14 9% 10% 14% 17% 194 58% 41% 27% 100 66% 106 97 26% 16 53% 3% 6% 26% 53% 54% 22% Close 8 14 10% 10% 14% 17% 195% 58% 42% 28% 100 67% 108% 98% 26% 16% B!l 7 28% 53% 54% 2S Sales Shubert Theatres 11,800 Universal Pic 1st pfd 30 Warner Brothers 339,275 Do. pfd 800 CHICAGO STOCK MARKET Balaban & Katz Gen. Theat Inc Marks Brothers cvt. p.. Morgan Litho U. S. Gypsum Do. pfd Columbia Pictures Do. vtc Film Insp. Mch Fox Theatres Loew's rts Do. war National Screen .... Sentry Safety Technicolor, Inc. .. Trans-Lux U. S. Gypsum 10 3,500 150 950 „ 7,550 53 NEW YORK CURB 900 1,200 200 9,500 200 2,700 100 1,800 15,800 _ 3,800 100 High 14% 53 28% 47 69% 31% 8% 10%. 41% 120 35% 35% 2 9% 76 10% 23 3 20% 8% 39% Low 10% 51% 19% 43 69% 28 7 7 38% 120 35 34% 1% 7% 74 8% 23 2% 11 39% Close 10% 53 20% 43 69% 28% 7 7% 38% 120 35% 35 1% 7% 74 9 23 3 12% 7%. 39%