Motion Picture Herald (Apr-Jun 1931)

18 MOTION PICTURE HERALD April 11, 1931 MARKET QUOTATIONS OF FILM STOCKS [M'eck ended Thursday, April 9) 1931 High 9 15 18% 1853^ 38% 15K 99 50^ 2% 24!^ 42 20% 40/2 Stock Exchange Range Stock & Div. Sales Low (in 100s) 6% Amer. Seating TVi Cons. Film 15Ji Cons. Film pf. (2) 143f^ Eastman Kodak (8a) ., 24!4 Fox Film A (4) 6\i Gen. Thea. Eq 45V4 Loew's, Inc. (3b) 86 Loew's pf. (6.50) Loew's pf. xw (6.50).... 25 M-G-M pf 365^ Para-Pub. (4) 325 V/i Pathe 3 Pathe A 15% Radio-Keith-Or. A 29 Univ. Pic. 1st pf. X (8). 10!^ Warner Bros 25 Warner Bros. pf. (3.85) Thur Net High Low Close Change 1 8 7/2 8 74 35 8% 7% m Vs 21 175^ 16M Vi 99% 267 165 156% 158/ — 3^4 105 2377 34 24% 265^ -65^ 97 399 124i 8;4 11 — 1 277 54% 51^ 5354 % 89 9 96>4 96/2 96/ 74/ Not quoted 2 26^ 2654 26/ 325 44}4 41% 43% + VA 33 2/. 2}4 2V4 59 654 5% 6 + % 540 22 20/2 21 + Vi 50 32 32 32 — 3 70 1040 nVi 10!^ 12% + 1% 3 26 25 26 -12/ X 10 share lots, a including extras, b plus e.xtras. Curb Exchange Columbia Pic. vtc. (\y-is.) 4 195i 19 19 4% 46 4^8 4/ -A 3m 21/ Gen. Thea. Eq. cv. pf. (3).. 79 27 21% 25 — 2% Not quoted Not quoted 24 20 Nat Screen Serv. (2) 18 23 21/ 21% + VA 3/ 1/4 48 1/ i5y4 IVi 13 11 loy* 10/ / 13% 6^ Trans-Lux DPS 270 11/ 8% 9% — 1% A plus 5 p.c. in stock. Bonds on Stock Exchange 1931 Range Sales (in 1000s) High Low High Low Bond & Maturity 51 94/ 101/ 92M 84 50% SO Gen. Thea. Eq. Cv. 6s Loew's 6s '41 ww Loew's 6s '41 xw Para-Bwy. 5/s '51 Para-F-L 6s '47 Para-Pub. 5/s '50 Pathe 7s '37 ww Warner Bros. cv. 6s '39. '40. 108 69 37 9 43 143 180 97 103 94/ 85% 89 54 61^ 965^ 102% 9454 85 85 50!4 Produce Exchange Stocks Thurs. Net Close Change 63% 4 % Not quoted Color Pic. Photocolor Roxy 100 100 1 Over the Counter Stocks 102% 94% 85 86^4 53/2 + 54 + 154 + 54 Bonds on Curb Exchange 55 Am. Seat 6s '36 14 68 65 67 2% 2% -f 5i 1 Roxy % IJi Roxy A (3.50) 15 16 Roxy units 15/ 165^' AMUSEMENT STOCKS JOIN IN RALLY Eastman Kodak Company Consolidated Income Account, Years Ended Dec. 27,'30 Dec. 28,'29 Dec 29/28 Net Income ?20,353,788.73 $22,004,915 $20,110,440 Preferred Dividends 369,942.00 369,942 369,942 Common Dividends 17,861,380.00 16,630,511 16,224,680 Reserved for Dividends on Common Stock in Litigation 227,600.00 227,600 227,600 Surplus for Year 1,894,866.73 4,786,862 3,288,198 Profit and Loss, Surplus 84,675,404.06 82,780,537 77,993.675 Earnings per Share, Common $8.84 $9.57 $9.60 Fox Recovers After 8 Point Drop — Paramount Advance Is Made . On Steady Demand By THE ANALYST Heavy selling of Fox Film A featured amusement shares on the New York Exchange during the past week. After a rise of more than a point early in the week, Fox was subject to unloading in anticipation ot the refinancing announcement made late in the week and the stock broke to a new low for the year at 24^, off more than eight points from last Thursday's closing level. Fox recovered about two points of the loss later in a general market improvement. Most of the selling was ascribed to a large holder who was anxious about the company's delay in arranging new financing, but, with that factor out of the way, financial circles were of the opinion that the long-term outlook was better, although it was pointed out that a period of readjustment must be looked for as a result of the changes in directorate. Ralfying tendencies cropped out in the other amusement stocks late in the week, Eastman Kodak, Loew's and General Theatres Equipment scoring substantial recoveries from their earlier lows, although holding below last Thursday's closing levels. Paramount was a bright spot in the list, responding to the impressive 1930 earnings report and favorable showing made by the company's latest balance sheet by advancing more than a point on a steady demand. RKO displayed steadiness and held in a comparatively narrow range. Warners dipped fractionally into new low ground for (Continued on page 40) Expect New York Exhibitors To Merge Within Two Weeks At an organization meeting within two weeks, final merging of the three New York state exhibitor units is expected. TOCC officials from New York City, Buffalo and Albany will attend. A disused charter may be put into effect, the organization probably taking the title MPTO of the State of New York. Maude Adams May Play "Kim" Hollywood — It is understood D. G. Bachmann' has signed Maude Adams for two pictures, one of them Kipling's "Kim." She owns rights to many Kipling stories. Fox Signs Mae Marsh Hollywood — Fox has signed Mae Marsh to replace Cecilia Loftus as the mother in the talker version of "Over the Hill." Adopt Five-Day Week Seattle — Projectionists local 154 and stage employees local 15 jointly have adopted a five-day week. Big 4 Shooting Western Tucson, Ariz. — Wally Wales and a company is on location here for the next Big 4 Western. Eastman 1930 Earnings Top $20,353,789 With the exception of the record-breaking" year of 1929, all previous annual earnings were surpassed by Eastman Kodak in 1930. Net income amounted to $20,353,789, equal to $8.84 a share on the common, compared with $22,004,916, or $9.57 a share ia the previous vear. Total surplus at the end of 1930 aggregated $84,675,404, against $82,780,537 at the close of 1929. A generally strong condition was revealed in the balance sheet, which showed total assets of $167,135,319 at December 27, 1930, compared with $163,467,508 at the end of 1929. Current assets of $86,559,184 compared with current liabilities of $13,415,573, while at the close of 1929 current assets were $93,764,138, against current liabilities of $15,134,401. Preferred dividends paid by the company during 1930 amounted to $369,942, the same as in 1929, while common stock dividends amounted to $17,861,380, compared with $16,858,112 in the previous year. The company has no bonded debt.