In the District Court of the United States, for the Eastern District of Pennsylvania, the United States of America, petitioner, vs. Motion Picture Patents Company, et al., defendants (1913)

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266 Minutes, General Film Co. Fifth Avenue, New York City, October 11th, 1910, at 4.00 P. M. Present, Messrs. Kennedy, Berst, Dyer, Kleine, Long, Lubin, Selig, Smith, Spoor and Pelzer, Secretary. Mr. Kennedy reported on behalf of the Executive Committee that the Company had purchased 39 exchanges, and made the following detailed report of conditions as of October 10, 1910 : Number of Licensed Exchanges in entire country, including Yale Company of St. Louis, 59. Owned by General Film Company, 39. Not owned by General Film Company, 20. Percentage of Exchanges owned by General Film Co., 66%. Percentage of business of entire country controlled by General Film Company, based on reels, 71%. Payments authorized for Stock. Cash. Exchanges owned Oct, 10th. .$591,400 $1,483,200 Prices — actual — including interest amounting to $90,500. 535,900 1,369,600 Saving 55,500 113,600 Combined saving 169,100 Stock. Cash. Total payments authorized for all Exchanges in entire country $988,800 $2,480,000 Price of Exchanges owned on October 10th, including interest 535,900 1,369,000 Available for further purchases 452,900 1,111,000 Estimated maximum value of Exchanges not owned by Company, October 10th. . .'. 212,600 532,300 Total Saving 240,300 578,700