The Film Daily (1927)

THE Thursday, December 1, 1927 -3St!k DAILY LAST MINUTE DEVELOPMENTS IN THE INVESTMENT FIELD AND THE DAVS QUOTATIONS ON FILM ISSUES Financial HOW BANKERS VIEW MOTION PICTURES—WEEKLY RESUME OF INDUSTRY'S FINANCIAL STRUCTURE British vigilant on n[w stock issues By ERNEST W FREPMAN Editor "The Daily Film Renter" London — Sheltered under the wing f the quota, soon to be enacted into iw, various promotion projects are eing launched as declared stimumts for British production. Some f these are bona-hdc, while others pparentlv are of a shady character, onie $25,000,000 in new flotations re planned. Because of the danger to the trade t shady promotions, a warning is Mided through "The Daily Renter" .;;iinst "return of the duds." The ade should have opportunity to exose concerns who have nothing to icommend them save some names hich may appeal to the gullible Lockholder. Similar methods brought ritish production into bankruptcy ears ago, and same danger may e repeated if precautions are not iken. The necessity of long concts with reputable producers in lief markets, in connection with lie of film stock is being empha zed. Value Stock at $6,000,000 Seattle — Value of outstanding stock Pacific Northwest Theaters, Wessubsidiary, is estimated at $6,)0,000. There are outstanding i(M),000 of seven per cent preferred; 300.000 of seven per cent debentures id 120,000 shares of no par common. EDWARD B. SMITH &C0. Members New York, Philadelphia artd Boston Stock Exchanges Corporate Financing Philadelphia New York Boston Fox ''A'' Strikes New High Despite Declining Market By WILLO Despite the furore created by ofificial announcement by Henry Ford concerning initial inspection of his new car tomorrow aiul coupled with the 4^. per cent, rate for call money, the first time in six weeks. Fox "A" ccmspicnously forged ahead in a declining market to a new high for all time. The issue started its upward trend about two weeks ago when the stock sold for 74. .-Xnnouncenunt of its firm financial position precipitated an immediate reaction from the Street. Paramount preferred rallied in the last five days trading. After chalking up a five point gain several weeks ago a recessional movement followed which cost three points. Monday's closing of the market saw an advance of one point. Tuesday's closing was 110, a loss of y%. Hovering al)out 56, no appreciable advances were in sight until Tuesday when the market closed marking at 58-)^, a gain of li^ point. Again the rept)rt prevails that an extra dividend may be declared soon. Twenty-two quarterly dividends of 50 cents and one extra dividend of $1 per share have been paid since the stock was first issued. Another extra or a probable split-up is in sight according to reports. Returns from theater holdings, now being expanded and earnings of M-G-M are attributed to the expected dividend increase. Stanley last Saturday announced its regular (luarterly dividend of $1 payable Jan. 2 to stockholders of record Dec. 15th. Yesterday's closings follow: High Low Close Sales Amer. S-eat. Vtc. 40^; 40^^ 40^^ 3(l0 *Amer. Seat. Pfd. • 48 ♦Balaban & Katz my» *Bal. & Katz Vtc .... 7^]/^ Eastman Kodak 170 170 170 200 Eastman Kodak Pfd 125'4 12S;4 125^4 20 fFilm Inspection .... 4^ .... First Nat'l. Pfd 104^ 104^, 1045^ 100 Fox Film "A" 79 78 78 2.200 tFox Theaters "A" 19 19 19 100 ♦Internat'l Project 10 Keith 6s 46 lOO-H lOOj^ lOOj/, 3 Loew's, Inc 59 58 SWz 14100 tfLoew's; 6s 41ww 99 98^ 99 24 TtLoew's, 6s 41 x-war 106 lOSj^ 105.XJ 21 M-G-M Pfd 25>^ 25'/g 255^ lOO" M. P. Cap. Corp. 7 7 7 200 Pathe Exchange 5 4-^ 4.>4 200 Pathe Exch. ".V 2i% 2iy„ 23 800 ttPathe Exch. 7s ?>1 86^4 86^ 86^ 5 Paramount F-L IIOM 109'/^ 110 5,200 Paramount Pfd. 120^ 120?^ 120^ 20 ttPara. Bway. 5><.s 51 101'/^ 101 101'/^ 2 **Roxy "A" 28 30 -►■►Roxy Units 31 '/, 35 **Roxy Common 7'/^ 8'/g 814 Skouras Bros 35 36 .... .... Stan. Co. of Amer. 51'4 56;^^ 56'/^ fTrans-Lux Screen W^ W^ 4^ 400 *Univ. Pictures 98 Univ. Pict. Pfd 98^^ 98^4 98^ 50 tWarner Bros 13^ 12^4 13?-^ 3 500 Warner Bros. ".\" 24 22^ IW?, 6.300 * Last Prices Quoted ** Bid and Asked (Over the Counter) t Curb Market tt Bond Market NOTE: Balaban & Katz is listed on the Chicago Board, Skouras on the St. Louis S^ock Exchange and Stanley Company in Philadelphia. All other issues listed above are traded in New York. See Big Year Picture stocks are being favored in some circles on the theory the season of greatest profit for these companies is approaching and should be reflected in higher prices for these issues, states "The Wall St. Journal." Paramount, Fox and Loew's have been picked up recently by these interests, the publication states. $800,000 Brooklyn "U" Issue Is Purchased New issue of $800,000 first (closed) mortgage 15-ycar six per cent sinking fund issue of the Boro Park (Brooklyn) Universal theater, have been purchased, for later public offering, by Toy, Gilson & Taylor, Inc. The certificates are guaranteed as to principal and interest by written unconditional endc>rsement by Universal Chain Theatrical Enterprises. Tiie building, including fixed equipment and furnishings, has been appraised at $1,300,822, and the land at $209,500. On this basis, these certificates represent less than 53 per cent loan, making them legal investment for trust funds in New York State. Universal has the house under lease for 21 years at an aimual rental of $120,000. Theatre Brokers WE Buy — Sell — Lease Promote Finance Motion Picture Theatre Anywhere Sofiferman Bros., Inc. 1560 B' way New York City Pbooe Brjant S607-8-9 WE FINANCE Production Theatre Building Equipment Accounts or any other activity in the Motion Picture Business Capital an. I Kurplun orer t2,BOO,000 FRANK R. WILSON, Prei. 5 1 E. 42nd St. New York City