The Film Daily (1930)

THE iday, July 18, 1930 -XJWr, DAILY Two Sound Tracks Simultaneously Prove Success IGH SILENT QUOTA MAY CUT GERMANY'S IMPORTS (Continued from Pane 1) owed for silents will remain lined, whereas the 20 extra permits 11 be applied to talkers, bringing i talker total up to a possible 110. [Tie high figure for silents is understood have been specified with a view to aidthe many unwired houses in Germany. Dfficial announcement of the new kongent regulations, received yesterday ough the Hays office, gives the following ails : Regulations will cover the period from y 1, 1930, to June 30, 1931. Two hundred 1 ten foreign pictures may be admitted censorship, to be divided as follows : >ound — 40 permits to be allocated among iting firms on the basis of the average mber of German silents or sound films ich they distributed in Germany last year 1 the year before; 20 permits allocated to ns who have exported German pictures in current year, these export permits not oming available until Jan. 1 next; 30 mits to be held in reserve by the Ministry handle special cases. silent — 80 permits to be issued to firms in portion to the average number of German is, silent or sound, which they distributed : year and the year before ; 40 permits be allocated to firms exporting German is, but not allocated until Jan. 1. n addition there is a provision that the lister has a special reserve of 20 more mits which he can use according to his '. judgment for special cases. Contingent for shorts is on the basis of shorts of 200 meters or less for one perand three shorts of 500 meters or less one permit. To contracts can be made for sale of a ign-made picture to exhibitors until it has l trade shown in Germany. Educational pictures require kontingent on basis of one foreign to two German, vsreels are free. Warner Assets To March 1 Set Down As $178,871,939 Assets of Warner Bros, as of March 1, 1930, totalled $178,871,939, compared with $167,189,024, while surplus was $16,976,576, against $12, 435,878, according to the company's balance sheet. The consolidated statement of Warner and subsidiary companies follows: ASSETS March 1 R. E.. bldg., leasehold, eq., etc $120,054,068 Cash 6,765,025 Notes receivable 528,978 Accounts receivable 3,030,341 Advance to producers _ 49,566 Inventories 25,095,237 Rights and scenarios 822,804 Mortgages receivable 735,841 Dep. to secure contracts, etc 2,381,198 Investments 7,183,012 Deferred charges 3,948,203 Goodwill 8,277,666 Talkers on Aquitania wo sets of Western Electric port e equipment have been installed >ard the Aquitania. The installa was made while the vessel was pked in England. . liN YEARS AGO TO-DAY IN ndependent exchangemen headed b Herman Rifkin, Boston, discussis; formation of new national orguzation in Chicago. )mcials of National Booking Corp. vene in Atlantic City for import conference. Jules Mastbaum of S nley Company expected to at t<tL ireater New York exhibitors to test return of deposit checks on irles Ray productions by First lonal. Total $178,871,939 LIABILITIES Capital stock $61,368,639 Mortgage and funded debt 72,686,739 Notes payable 5,947,012 Accts. pay & sndry. accrls 8,660,503 Purchase mon oblig (curr) 2,727,638 Due affiliated cos 79,368 Royalties payable 948,568 Federal tax reserve 1,400,000 Adv pay, film service, etc 1,545,892 Prp appl to min stockholders 4,443,129 Remit from foreign costumers 1,190,584 Purchase mon oblig (not curr) 897,291 Surplus 16,976,576 August 31 $110,870,822 4,746,571 1,492,632 3,714,829 121,900 24,025,241 846,019 765,833 1,964,517 6,640,014 3,818,974 8,181,672 $167,189,024 $61,176,112 70,023,622 7,057,736 6,964,609 304,055 93,095 675,164 2,441,200 1,096,661 4,459,351 461.541 12,435,878 Total $178,871,939 $167,189,024 The New York Stock Exchange has approved listing of an additional 156,710 shares at common and $750,000 additional optional 6 per cent convertible debentures of the company. This makes a total of 4,062,738 shares of Warner common stock. The application stated that, of the new shares, 139,144 shares will be utilized by Warner Bros, or its subsidiaries to acquire the following: 150,000 shares of common stock of Federal Theaters Company, 2500 shares of the capital stock of Appell Amusement Company, fifty shares of capital stock of Seitz Enterprises, Inc., 100 shares of the capital stock of Danbury Amusement Corporation, the Crescent Theater circuit, the Heins Theater Circuit, Burroughs & Boas Theater circuit, the Mid West Theater circuit, Oklahome City; the State Theater and a theater site, Chester, Pa.; the Strand Theater, the Victor Theater and the Hippodrome Theater, Pottstown, Pa.; the Lincoln Theater, the Smoot Theater and a theater site, Parkersburg, W. Va. ; the Rialto Theater and the Carlton Theater. Pleasantville, N. J.; the Strand Theater, the Majestic Theater, the Regent Theater and the Keeney Theater, Elmira, N. Y. ; the Capitol Theater, Dunkirk, N. Y.; the Egyptian Theater, Mil waukee, Wis. ; the Granada Theater, the California Theater, the Mission Theater and the Rose Theater, Santa Barbara, Calif.; the Alpine Theater, Punxsutawney, Pa.; a theater site, Akron, Ohio. Some of the properties acquired are subject to first and second mortgages in the aggregate amount of $9,244,743 for which provision is made to discharge, either through stock, debentures or cash. The $750,000 additional debentures are to be utilized to acquire: 975 shares of capital stock of Shenandoah Valley Theater Corporation, the DeWitt Theater, Bayonne, N. J.; the New Kenyon Theater, Pittsburgh, Pa.; the Alpine Theater, Punxsutawney, Pa.; the Ritz Theater, Clarksburg, W. Va.; the Liberty Theater, Wheeling, W. Va., and the Liberty Theater, Bedford, Va. Hadden at Joplin House Joplin, Mo. — J. S. Hadden has succeeded Frank E. Shipley at the Electric. Wyckoff Resigns Huntington, Ind. — Paul Wyckoff, formerly manager of the Jefferson, has resigned. Rosenblatt Turns Exhib Milwaukee — Ruben Rosenblatt, formerly salesman for the local Universal exchange, has taken over the Lloyd in Menomonie, Mich., fornier| ly conducted by R. C. Wheeler. Pitts. Aldine Gives Free Ducats Pittsburgh — The Aldine here plays host to hundreds of boys and girls five mornings each week. Free tickets are distributed to the various boy and girl organizations. The free show schedule will continue throughout the summer. Conn. House Foreclosed New Britain, Conn. — The Rialto building here has been foreclosed in Superior Court. Appraised at $150,000, the debl on property amounts to $276,146.96. Experiment Made by W. E. with "Hell's Angels" on the Coast W est Coast Bureau, THE FILM DAILY Hollywood — An unusual experiment in connection with the showing of "Hell's Angels," the $3,000,000 Howard Hughes air epic, at Grauman's Chinese here, was the successful use of two sound tracks played simultaneously. The innovation was employed to assure all the desired sound effects of the spectacular air drama. To accomplish this, since all sound track is on separate films anyway, it was necessary to install a complete special double film interlocked system in the theater. Three dummy projector systems were set up by Electrical Research Products to play the separate sound track. A switching panel permitted the third dummy to connect in parallel with either of the other two. The result, one never before attempted or accomplished in talking pictures, was that two sound tracks could be played simultaneously and that the naturalness obtained in the reproduction by playing the two sound tracks at the same time, more than justified the extra trouble and expense. Six reels of "Magniscope Film" were included in the picture. For these scenes twelve 15-B Horns were installed, used with a 24' x 37' picture. To feed this number of horns it was necessary to develop a special amplifier system much more powerful than anything yet used in theater reproduction. The final outcome was three 42-A Amplifiers, used as bridging amplifiers, to feed into two 43-A Amplifiers. The outputs of these six 43-A Amplifiers fed into nine 15-B horns, making a total of nine amplifiers and nine horns in addition to the regular IS three 15-B horn talking picture installation. An idea of the magnitude of this installation may be obtained from the bank of amplifiers and three Universal dummy projectors. A switch provided that for certain scenes this group of amplifiers could be connected with the regular sound installation in such a manner that the sound from the effects system was five times as powerful as the sound from the regular sound system. This was necessary to take care of the tremendous power desired for special scenes, such as the blowing up of an ammunition dump and the airplane sequences. This latest and most powerful installation was made under the direction or H. A. DePalma, Theater Installation Engineer, assisted by L. A. Aicholtz, Recording Engineer, both of Electrical Research Products. Exit of Outdated Houses Being Speeded (Continued from Page 1) been torn down in recent months. One small circuit operator, who recently turned over half of his houses to wrecking crews, said most fans will travel miles to see an ordinary picture in an attractive theater, whereas ugly houses are finding it increasingly harder to draw patrons even with unusually good productions. New Incorporations Mont-Rose Productions, talking pictures; J. L. Diamond, 305 Broadway, New York. $10,000. South Theaters Corp., realty ; L. Rosen sweig, Rochester. 100 shares common. Publix Lawlcr Theaters Corp., Wilming ton, Del. ; Corp. Trust Co. 600 shares common.