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26
EXHIBITORS HERALD-WORLD
October 5, 1929
MOTION PICTURE FINANCE
Impressive Strength Is Shown
By LAURENCE STERN
NEW YORK, Oct. 1. — In a week of persistent heavy liquidation in the stock market the motion picture issues have displayed the most impressive strength of the year. This appears to be due to the fact — pointed out in these columns weeks ago, but just now receiving general recognition— that the industry is definitely in a period of expanding prosperity and that the various merger plans now being negotiated hold promise of still greater earnings.
IMPORTANT market appreciation could ■*■ hardly be expected in a period of conspicuous speculative readjustment, and yet Fox Film stood up without even fractional loss after attaining a new high for the year on heavy buying. Paramount likewise established a new liiij.li and retained a small net gain.
that this will probably lead to an important reorganization of the radio branch of the company's business.
Warner Rrothers, on the other hand, has been declining raising a question as to the success of the negotiations looking toward merging this company with Paramount. A series of admissions and denials has surrounded the plan with confusion, but it is nevertheless regarded as near consummation. The action of the respective stocks seems to indicate that there has been some disagreement as to the terms of exchange. It is rumored that Technicolor, Inc., which is booked into 1931, may eventually be brought into this combination.
One of the most interesting items of the week is the report, heard in authoritative quarters, that Shubcrt Theatres and Pathe Exchange will merge under the name General Amusement Company. Shubert's last report was disappointing, partly due to the competition of Broadway sound films.
$18,060,000 Is Listed As Capitalization of Fox New England Chain
(Special to the Herald-World)
BOSTON, Oct. 1.— Fox New England Theatres, Inc., has filed its first statement of condition since the taking over of the Poli chain by Fox interests. It reveals for the first time that the capitalization of the Fox New England company is $18,060,000 and that the real estate held by the company is valued at $22,598,985. Mortgages are placed at $1,133,529, deposits on leases at $5,108, reserves, $145,082; surplus, $4,792,790, profit and loss, $160,718. The 100,000 no par shares are valued at $1,000,000.
Value of furniture and fixtures is $846,746, vehicles, $1,350; accounts receivable, $866,178; cash, $437,093; accruals and deferred charges $546,835. The statement covers the period from October 28 last to July 5 of the current year.
Robbers Force Safe to
Fox Film, which is expected to earn $12 a share this year, probably will soon make formal announcement of it's enlarged corporate setup. The recent strength in RadioKeith-Orpheum shares is understood to reflect gradual improvement in the company's earnings. The decline in Radio, the parent organization, is due to the development of a very unfavorable competitive situation in the manufacture and sale of radio receiving sets. The writer is in a position to say
Escape with $700 Cash
(Special to the Herald-World)
BEMIDJI, MINN., Oct. 1.— Safe blowers forced the doors of the Elko theatre and opened the safe, containing $700 cash, the receipts of a Saturday and Sunday performance. Benny Berger, owner of the Elko, was in Bemidji the night of the robbery. He said all loss was completely covered by 34insurance.
At the New York Theatres
NEW FILMS
R1VOLI — "Three Live Ghosts," a United Artists talker with Joan Bennett, Rohert Montgomery, Charles McNaughton, Claude Allister, directed by Thornton Freeland. Opened Sept. 28.
COLONY — "Skin Deep," Warners' all talker with Monte Blue, Betty Compson, and Alice Day, directed by Ray Enright. Opened Sept. 28.
CAMEO — "Afghanistan," Silent Soviet Travelogue. Opened Sept. 28.
FILM GUILD CINEMA— "Growth of the Soil," silent Norwegian film based on novel by Knut Hamsun. Opened Sept. 28.
CENTRAL — ."Young Nowheres," First National talker with Richard Barthelmess, Marion Nixon, Bert Roach, Anders Randolph, Jocelyn Lee and Raymond Turner, directed by Frank Lloyd. Opened Oct. 1.
WARNERS — "Disraeli," Warner Brothers all talker with George Arliss, Mrs. Arliss, David Torrence, Joan Bennett, Doris Lloyd, Anthony Bushell and Michael Visaroff, directed by Alfred E. Green. Opened Oct. 2.
GAIETY — "Sunny Side Up," Fox all talker with Charles Farrell and Janet Gaynor. Opened Oct. 3.
STRAND — "Hard to Get," First National all talker with Dorothy Mackaill. Opened Sept. 28.
HELD OVER AND REVIVED
CRITERION— "The Four Feathers," Paramount.
Opened June 12. GLOBE— "Street Girl," Radio all talker. Opened
July 30.
ASTOR— "Hollywood Revue," M G M all talker.
Opened August 14. EMBASSY— "Hallelujah," M G M all talker. Opened
August 20.
RIALTO— "Bulldog Drummond," United Artists all
talker, p.p. Opened at Apollo May 2. WINTER GARDEN— "Gold Diggers of Broadway,"
Warners all talker. Opened August 30. SELWYN — "The Great Gabbo," James Cruze all
talker. Opened Sept. 12. GEORGE M. COHAN— "Flight," Columbia all talker.
Opened Sept. 13. ROXY — "Married in Hollywood," Fox opera. Opened
Sept. 20.
55TH STREET— "A Royal Scandal," German silent.
Opened Sept. 21. CAPITOL. — "Madame X," M G M all talker, first
time p.p. Opened April 24 at the Sam Harris. r ttTLE CARNEGIE— "The Passion of Joan of Arc,"
Societe Generale des Films. Opened Sept. 28.
(Played at this theatre for a month last winter.
Return engagement by request.)
Domestic Films in Poland Alone Are Free from Tax
(Washington Bureau of the Herald-World)
WASHINGTON, Oct. 1.— According to a decision of the Polish Government, cinemas exhibiting only domestically produced films, will be free of entertainment tax. Up to now the taxes paid by such cinemas amounted to 5 per cent of the gross receipts.
Pathe Signs 2 Circuits
(Special to the Herald-World)
NEW YORK, Oct. 1.— The Hoffman Circuit in Connecticut and the Kallett in New York, have signed for Pathe's Silver Jubilee Season product.
SECURITIES PRICE RANGE
NEW YORK STOCK MARKET
American Seating
Brunswick-Balke-Colkndcr
Consolidated Film
Do. pfd
Eastman Kodak
Do. rts
Fox Film "A"
Keith Albee Orpheum
Do. pfd
Loew's, Inc
Do. pfd. w. w
Metro-Goldwyn-Mayer. pfd
Motion Picture Capita!
Paramount
Pathe Exchange
Do. "A"
Radio Corporation 1
Do. pfd. "A"
Do. pfd. "B"
Sales
High
310,000
30%
4,400
39%
5,400
23%
4,500
25%
94,500
225%
361,400
7%
216,000
105%
400
37
1,500
111
34,300
68%
300 800 1,800 254.400 39.600 9,700 318,600 600 4.600
96% 24% 39
74% 10%
20% 95 54% 77%
Week Ending September 28
oak-;
T nw Plnsp Radio-Keith-Orpheum 14,400
30 3o Shubert Theatres 1,300
•iqi/ Universal Pictures 1st pfd 160
2i8' 9i.v Warner Bros. "A" 134,100
24% 25% Do nfd 700
206% 219% CHICAGO STOCK MARKET
5% 6% Marks Brothers evt. p 500
96% 98% Morgan Litho 200
$4 NEW YORK CURB
61% 63% Columbia Pictures 10.200
96 96 Con. Theat 2,000
24 24% Educational Pictures pfd 50
35 35 Fox Theatres "A" 40,000
70% 72 General Theatre Equipment 65.000
8% 9% Loew's its 1.300
17% 19 Do. war. 900
84% 87% National Theatre Supply 200
53% 54 Sentry Safety 6.200
76 76% Trans-Lux 3,900
Hk'h
Low
Clo:;e
77%
76
76%
41
39
40
67%
63%
63%
59%
52%
54%
50%
48%
48%
18%
17
17
20
20
20
33%
31
32%
20%
19
20
50%
50%
50%
29%
27
27%
66%
61
63%
33%
30
31
10
8%
8%
42
42
42
17%
13
13
13%
10%
10%