Motion Picture Herald (Apr-Jun 1931)

Record Details:

Title:
Motion Picture Herald
Date:
Apr-Jun 1931
Publisher:
[New York, N.Y. : Quigley Pub. Co.]
Volume:
Motion Picture Herald (Apr-Jun 1931)
Leaf #:
000372
Language:
English
Subjects:
motion pictures, Motion pictures -- Periodicals
Collection:
Hollywood Studio System
Format:
Periodicals
Contributor:
Library of Congress, MBRS, Moving Image Section
Sponsor:
Library of Congress, Motion Picture, Broadcasting and Recorded Sound Division
Coordinator:
Media History Digital Library
Description:
Founded in 1915 by a Chicago printing company as a regional trade paper for Midwest exhibitors. In 1916, editor Martin Quigley bought out the owners, and over the next 15 years, he grew EXHIBITORS HERALD into one of the most important national, weekly trade papers in the film business. Quigley acquired MOTOGRAPHY in 1917 and MOVING PICTURE WORLD in 1927. In 1930, he acquired MOTION PICTURE NEWS and the new 'consolidated' publication became MOTION PICTURE HERALD. From the pulpit of his editorial page, Quigley preached the need to improve the motion picture industry and improve the quality of the films. He skillfully served as a mediator in disputes -- between distributors and exhibitors, between the film industry and the Catholic Church (Quigley was one of the architects of the Production Code). Quigley claimed that EXHIBITORS HERALD represented the 'independent exhibitor' and sections like 'What the Picture Did for Me?' certainly provided a forum for theater owners. But plenty of exhibitors viewed Quigley as a servant to the studios and large theater chains. In response, publications such as SHOWMEN'S TRADE REVIEW, INDEPENDENT EXHIBITORS FILM BULLETIN, HARRISON'S REPORTS, and BOX OFFICE were either formed or grew significantly in the years following Quigley's brief moment of consolidation in 1930. -- Eric Hoyt, 2014
Date Added:
August 29, 2022
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18 MOTION PICTURE HERALD April 18, 1931 MARKET QUOTATIONS OF FILM STOCKS [ Week ended Thursday, April 16) ^ ' Stock Exchange 193! Range Sales High Low Stock & Div. (in 100s) Anier. Seating 15 7M Cons. Film 10 \m ISVi Cons. Film pf. (J) 12 185% ■■ 183 j| Eastman Kodak (8a) 20O 385^..' 22^ Fox Film A (4) 1752 15H>' 6 Gen. Thea. Eq 313 6354.5*, 45^ Loew's, Inc. (3b) 242 99 ' 83 Loew's pf. (6.50) 3 '% Loew's pf. xw (6.50) 27 "-r. 25 M-G-M pf i SOU ■ 36S/i Para. -Pub. (4) 1318 2Vs Wi Pathe 80 65^ 3 Pathe A 29 24>4 ISVa Radio-Keith-Or. A 1141 Univ. Pic. 1st pf. X (8) 203^ 101^ Warner Bros 1160 40J^ 24M Warner Bros. pf. (3.85) 10 X 10 share lots. . ^, a including e.xtras. ;\: l^rf.?" b plus e.xtras. Curb Exchange 23 16^ Columbia Pic. {VAa.) 1 22 171/^1 Columbia Pic. v.t.c. (IJ/ja)... 1 6Vs. 4% Fox Theaters A 33 3154 20 Gen. Thea. Eq. cv. pf. (3)... 112 Loew's deb. rts : Loew's wts 24 20 Nat. Screen Serv. (2) 1 354 154 Sentry Safe Con 25 1554 75^ Technicolor 10 135i 65^ Trans-Lu.K DPS 160 A plus 5 p.c. in .stock. High 17 16454 27 1054, 547/8 96!^ 27 44 2/2, 6 2354 12^ 2554 2054 195i 451 245^ 22 Thurs. Net Low Close Change 7J4 1654 15654 2254 854 48 96 2654 37 2 5 • 20M 11 24^8 2051 19'A m 54 7Vs WA 15754 24 9 — 2yi — 1 48^ — 254 96 54 Not quoted 27 + 54 39;^ m 2 54 21 Not quoted 115i 1J4 24^ 15/s 2054 + 5; 195^ + Vi 4 5i 20 — 5 Not quoted Not quoted + 'A m 54 H Va, 1931 Range High Lov 74 51 99J4 9454 105 10154 97 9254 8954 84 89 5034 7454 50 70 Bonds on Stock Exchange Sales Thurs. Net Bond & Maturity (in lOOtts) High Low Close Chan-e Gen. Thea. Eq. Cv. 6s '40. . 129 62J^ 52 55 — 9 Loew's 6s '41 ww Not quoted Loew's 6s '41xw 38 9754 9654 9754 + Vs. Para. Bwy. S54s '51 4 10254 1025^ 10254 + J/g Para.-F.-L. 6s '47 16 95 9354 91}4 + ^4 Para. -Pub. 554s '50 56 85M 8354 &3A — I'A Pathe 7s '37 WW 87 8654 83 83 — 354 Warner Bros. cv. 6s '39 193 56 52 525^, — 13^ Bon<ds on Curb Exchange Amer. Seat 6s '36 4 67 66 67 — 1 Produce Exchange Stocks Color Pic : Not quoted PhotoColor Not quoted Roxy Not quoted Over the Counter Stocks Bid Asked Roxy 54 154 Roxy A (3.50) 14 1554 Ro.xy units Not quoted $2,600,000 PATHE LOSS IN 1930; HEAVY SELLING HITS FILM STOCKS Pathe Statenaent Reveals Equity ; Worth $14.38 a Share if Present i: Assets Were Liquidated : Net value of Pathe Exchange, Inc., in liquidation, was $3,500,000 on December 27, 1930, after bond and preferred stock obligations, according to a pro forma consolidated balance sheet of the company made public late this week. The balance sheet, certified by Price, Waterhouse & Company, accompanying the annual report of the company, gives effect to the deal under which the company's operating assets were sold to the Radio-KeithOrpheum Corporation on January 5, It gives effect, also, to an appraisal of the value of Pathe Exchange's interest in the Pathe-DuPont Manufacturing Company at $4,000,000. The operating statement accompanying the report of the 52-wreek period ending December 27, 1930, shows an operating loss of $2,007,771, plus a loss of $637,518, resultant from "loss on sale of certain assets to Radio-Keith-Orpheum and the write-off of production, scenario and treatment costs of pictures abandoned as a result of the sale." Much of this item is reported to be undistributed studio costs incurred during 1930, and is the alleged cause of the differences between Joseph P. Kennedy, chairman of the board, and E. B. Derr, former president. The most interesting item in the report is the revelation of an equity of $3,500,000, which, were the company to be liquidated without further cost on the basis of present (Continued on page 51) Famous Canadian Shows Gross Of $4,268,893 for Last Year Toronto — Annual statement of Famous Players Canadian Corp. shows gross operating income for the year ending August 30, of $4,268,893, almost $1,000,000 greater than last fiscal year, when $3,376,844 was earned. Surplus amounted to $3,217,681, or $200.000 greater than the previous year's balance, due to sound installations. Approximatelv $2,000,000 was available for dividends. Joe Brandt Returns from Hollywood Joe Brandt, Columbia president, is back in New York from an extended Havana vacation which was followed by a trip to Hollywood, where production plans were outlined for the new season. Fine Returns to Columbia Joe Fine, former Fox and Columbia ad man, returned this week to Joe Brandt's staff to assist C. F. Chandler. Fine quit Fox to join Columbia and then resigned to sell printing. . May I I Fox Sales Date James R. Grainger, Fox vice-president, has announced Mav 11 as the opening date of 1931-32 selling. ' Doubts Raised by Dividend Omissions Unsettle All Picture Stocks Along with Other Fields Para. Stockholders Meet April 21 April 21 is the date set for the Paramount stockholders, meeting in New York. By THE ANALYST Doubts raised by the recent wave of dividend omissions and cuts in all classes of stocks spread to amusement shares during the past week, bringing heavy selling into issues on which maintenance of present dividend rates are questioned in financial quarters and unsettling the list of picture stocks generally. Fox and Paramount were prominent bear targets, the former being pounded down to a new low for the year on expectations that the new directors expected to be elected April 15 would make a downward revision in the annual $4 disbursement. Election of these officers was deferred, until May 1 at an adjourned meeting at which Harley ("larke, president, scouted the dividend change rumors. Fox has encountered steady pressure since announcement of its refinancing plan and the downward movement gained impetus as date for the annual meeting approached. Paramount dropped more than 4 points on rumors that directors will reduce the $4 annual dividend to $3 at their next meeting in view of the reported decrease in earnings for the first quarter of this year. However, it has been estimated that the forthcoming earnings report for the period will show that company has earned the dividend, with a reported net profit for the three months equal to $1.20 a share. ^^'arner Brothers, which held fairly steady (Continued on page 36)