Motion Picture Herald (Apr-Jun 1931)

18 MOTION PICTURE HERALD April 4 , 19 3 1 1931 Range High Low MARKET QUOTATIONS OF FILM STOCKS {IVeek ended Thursday, April 2) Stock Exchange Bonds on Stock Exchange 15 im isy2 avz 99 98 2654 50% 2% 245^ zm 15J4 143^ 2SVs 4554 86 83 25 36^ 154 3 15M 1054 Stock & Div. Amer. Seating Cons. Film Cons. Film pf. (2) Eastman Kodak (8a) Fox Film A (4) Gen. Thea. Eq Loew's, Inc. (3b) Loew's pf. (6.50) Loew's pf. xw (6.50) M-G-M pf. (1.89) Para -Pub. (4) Pathe Pathe A Radio-Keith-Or. A Univ. Pic, 1st pf. x (8) Warner Bros Warner Bros. pf. (3.85) (X)_10 share lots. (a) including extras. (b) plus extras. ange C i bales Thurs. Net 1931 (in $100s) nigh Low Close Change LJ' L nigh Not quoted 74 41 954 8 8 IVs 11054 31 1754 16% 17 V4 99M 315 16754 1605i 162 6% 105 887 36?4 3154 3254 — 4% 97 104 13M 1154 12 1/ 89M 524 585^ 5254 53% 4/2 85 1 96Vs 96V8 96% Vs 7454 5 98 96 9654 1/2 6 2654 2654 2654 519 46 41M 425^ 3/2 105 2Vs 2/8 254 54 132 65/2 4V4 5% + 54 1344 235^ 2054 207/8 2M Not quoted 1944 135^ 105^ 1054 2y^ 70 Not quoted Curb Exchange 22 65i 3154 24J4 3/2 24 354 15% 1354 1754 4/8 21/2 20 154 6Vs (a) plus 5 p. c. in stock. Columbia Pic. (l^^a) Columbia Pic. vtc. (154a)... Fox Theaters A Gen. Thea Eq. cv. pf. (3) . . Loew's deb. rts Loew's wts Nat. Screen Serv. (2) Sentry Safe Con Technicolor Trans -Lux DPS. 472 Not quoted 1 19 19 19 47 5'A 4% 4% /2 58 28 25M 27% % 20 18 13 ■13 454 310 Vs 1/32 1/32 —5/32 2 2m 20% 20% — 2% 99 2 m 36 13 11 11 — 2 472 1354 10 10 — 3 Low 51 9754 9654 10154 92V4 84 50^ 50 Bond & Maturity Gen. Thea. Eq. cv. 6s '40. . Loew's 6s '41 xw Para-Bwy. 554s '51 Para-F-L 6s '47 Para-Pub. 5i4s '50 Pathe 7s '37ww Warner Bros. cv. 6s '39 Sales Thurs. Net (In $IOOOs) High Low Close Change .. 81 70 63 65 — 4/2 112 1055i 100 102/8 2% 133 9754 9454 9654 154 8 102J4 1025i 102^ + 54 21 9554 94 94 54 65 86 8454 857^ !4 222 85 78 85 -f 4 .. 290 565^ 5054 51% 5% Bond on Curb Exchange Amer. Seat. 6s '36 6 6854 65 Produce Exchange Stocks Color Pic. . Photocolor Roxy 300 Over the Counter Stocks Roxy Roxy A (3.50). Roxy units . . . — 1 Not quoted Not quoted /2 54 Bid Asked 1 154 1654 1754 16% 17% ADVERSE MARKET LOWERS FILM ISSUES Cruel Humor! Chicago (QP) — If practical jokers must play jokes, it is much better to refrain from all betting. At least that is the experience of a musician at the Palace. He had four tickets on the Antry race last week, and the morning afterward received five cablegrams informing him that his winnings amounted to $45,000. Newspaper reporters and photographers arrived, he resigned his position, and is still awaiting the money from England. He'll wait a long, long time. Ask Reduced Protection or More Prints in Exchanges Cleveland — Exhibitors are asking protection reduction to 15 days instead of the present 42, or increased number of prints in exchanges, as insurance against films with worn sound tracks. They claim it unfair for distributors to pass on prints to subsequent runs which are scratched and therefore noisy from first and second-run use. Sales of Picture Stocks Light, With Warners the Most Active As New Low Is Reached Edgar Hatrick in New York Edgar B. Hatrick, general manager for Hearst film activities, is due in New York next week for a short stay prior to returning to Hollywood to supervise Cosmopolitan production. Van Beuren Cartoons for RKO Van Beuren will make a new series of 13 cartoon comedies in 1931-32 for RKO. By THE ANALYST Adverse market conditions affected motion picture issues on the various security markets during the past week, but the light turnover in film company securities suggested no important selling was going on and that the declines in leading amusement stocks and bonds reflected general market weakness. Outside of the overhanging Fox Film financing, there were no new developments regarding the industry to stimulate activity in picture stocks in either direction and film shares on the stock exchange drifted with the rest of the list, which happened to be going downward. A plethora of rumors attended the withdrawal of one of the leading banking interests reported to be underwriting the Fox issue. Warners was one of the most active of the group, declining to a new low for the year under a steady flow of offerings, some of which vvfere whispered to be coming from the direction of Wilmington, which used to be credited with accumulating the stock. Eastman Kodak and Loew's were among the largest losers of the week, the former selling off from a high of 167^ to a low of 160^, from which it rallied a couple of points. RKO, Paramount and General Theatres were in supply and closed around their lows for the week. Pathe encountered good support, touching a new high for the year and holding comparatively steady, while (Continued on page 46) Language Hash! Hull, Que. — As long as they must make versions of films in different languages and play them before different native peoples, they might as well combine them. How is this: at a house here the British picture "Atlantic" played with French dialogue, in a Canadian theatre, with newspaper advertising in English, and for French-Canadians! On the program was an American comedy. It is not known whether Esquimaux were present. Paramount Production at B. & D. Studios Now Seems Certainty London — That Paramount will produce at the British and Dominion studios at Elstree, under the supervision of Robert Kane, now appears certain following further negotiations. J. C. Graham has made no official announcement as yet, but it is understood several of Michael Aden's stories will be filmed, including "The Green Hat." Paramount has obtained an option on part of the studio for several years. Mile. Chanel Leaves Coast Mile. Gabrielle Chanel, Paris designer, is due in New York next week on her way home after conference with Coast executives at the Goldwyn studios. Harvey Day Returns Harvey Day has returned from a sixweeks' trip through Educational exchanges in the middle and far West.