Motion Picture Herald (Apr-Jun 1931)

18 MOTION PICTURE HERALD June 2 7, 1931 MARKET QUOTATIONS OF FILM STOCKS {Jl'cck Elided Thursday, June 25) Stock Exchange 1931 Range Sales High Low S+ock & Div. ("> lOOs) High Ajner. Seating 15 3H Cons. Film 52 8^ im WA Cons. Film pf. (2) 22 15 185M 118 Eastman Kodak (8a) 365 154}4 iWi 1154 Fox Film A (2.501 1401 22^^ ISVS iVi Gen. Tea. Eq 401 554 631/2, 36!^ Loew's, Inc. (3b) WO 45?-^ 98 83 Loew's pf. (6,50) 3 86 27 22 M-G-M pf. (1.89) 9 245^ 50^4 I95i Para. -Pub. (2.50) 1344 28J-8 2Ji 1 Pathe 51 1^ 65-; 3 Pathe A 102 6 24'^ 1114 Radio-Keith-Or. A 1951 175^ 42 24 Univ. Pic. 1st pf. X (S).... 40 30 ^Vi 4M Warner Bros 1596 91^ 40H 10J4 Warner Bros. pf. (3.85) 4 17 X — 10 share lots, a — including extras, b — plus extras. Curb Exchange 23 10 Columbia Pic. (.75 A) 1 12^^ 22 9^ Columbia Pic. vtc. (.75 A).. 12 12 eVs ZVi Fox Theaters A 98 4 3154 SVi Gen. Thea. Eq. cv. pf. (3).. 140 11^ 24 1914 Nat. Screen Serv. (2) 2 22 iVi, 1 Sentry Safe Con 6 15Ji 3iA. Technicolor 25 7% 13J4 5J4 Trans-Lux DPS 44 6% A — plus 5 p.c. in stock Thurs. Low Close 6 12H 127 1754 4 3m 85 24 2154 3 12^ 28 17 1254 10'/^ m VA 14/2 151 21 m 86 24'/3 26J4 SVz \SH 30 8% 18 12K 12 10 22 VA 6V2 6 Net Change + +22y2 + 2'A + H + 4>^ + % -A + Wi + Vi + 2 + 3Vi + V2 + % — 1 + 21A + 3 + V2 + VA + 2V2 + Vi + 1 + -14 Bonds on Stock Exchange 70 1931 Range Sales Thurs. Net High Low Bond & Maturity (in$1000s) High Low Close Change 74 25 Gen. Thea. Eq. Cv. 6's 40. .. 1,W 4m 33 40"/2 + 2 99J4 94 Loew's 6s '41 22 98 97 98 + 1 105 100 Para.-Bwav. 5!<^s '51 37 101^ 100!4 101 V2 97 74 Para.-F.-L. 6s '47 44 93 89^ 92!^ + 2 89^ 67 Para.-Pub. 5!4s '50 55 82^ 79>^ 81% + 35i 89 51 84 91 85 90 + 5 745/2 25 Warner Bros. cv. 6s '39. . . 218 45J4 41 '/^ 42'/ 3Va Bonds on Curb Exchange 55 American Seat 6s '36 3 59;i 59^4 59^ Produce Exchange Stocks Color Pic. Photocolor Roxy Over the Counter Stocks Bid Asked Roxy % m, Roxv A (3.50) 13 15 Rnxy units I3'4 15}^ STOCKS ADD MILLIONS TO VALUE Participate in Upswing After Debt Proposal; Eastnnan Kodak Rises 20 Points On Big Demand By THE ANALYST In one of the biggest rallies since 1929, motion picture stocks added millions to their value during the past week by vigorous participation in the general upward market swing that followed announcement of the American proiwsal for a one-year war debt holiday. New current highs in film shares were reached by all amusement securities on the stock, curb and bond marekts and the turnover was the largest in months. Aside from the bullish tone in the general list, there were some favorable developments affecting the industry, conspicuous among which svas the removal of all French restrictions on importation of American films and prospects that the action would influence similar steps at Berlin. Paramount issued its earnings report for the first quarter, showing a substantial drop from the corresponding period of 1930, but estimates were current that the company's earnings for the second quarter would substantially cover the dividend requirements and expectations were expressed that a comparatively favorable showing would be made later in the year, when the company will begin to reflect savings effected by recent wage cuts and dividend reduction. Eastman Kodak furnished the week's pyrotechnics, soaring about 20 points on a heavy demand, while RKO, although risinsr less spectacularly, was accumulated in huge blocks, suggesting a return of aggressive sponsorship of the shares by interests attracted by the company's expansion potentialities. Paramount also .gave indications of renewed pool operation and First on the Draw! It was 3:30 in the wee hours when the owner of a well-doing string of suburban houses in Chicago was called to the phone. After he had hung up, things began to happen. Theatre bookkeepers and cashiers hurried to their offices. Then they hied themselves to the west suburban bank that handled the business. At 7 they were adnnitted and some generous withdrawals were made. At 7:15 the bank president arrived to announce the bank was in the hands of the state bank examiners. was up about six points over last Thursday's final level. After a period of hesitancy in the Friday. June 19, session, all the picture issues participated vigorously in the sensational market rally on Saturday, which was followed by another upturn on Monday, in which all the leaders played a prominent part. Kodak spurting to 15 points above last week's closing price. Tuesday the group sold off slightly on profittaking, but recessions were narrower than those caused by realizing sales in other sections of the list and Wednesday the advance was resumed with increasing momentum on another buying wave and best prices were maintained thereafter. Loew's, which had been somewhat slow to follow the improvement in the other picture stocks, perked up sharply this week and advanced more than five points in the period on expectations that xne company will report a balance of approximately $7 a share for the fiscal year ended August 31. Cohn Will Leave Columbia— If! Harry Cohn, it is understood, has discussed with Joe Brandt and Jack Cohn, his partners at Columbia, the possibility of withdrawing as West Coast production chief of Columbia Pictures. The hitch in the deal, it is said, revolves around the inability of Jack and Brandt to agree with Harry on terms of a settlement of stock holdings of the partners. Brandt, Thursday, denied that Cohn contemplates leaving Columbia. He stated that Harry Cohn is very happy at the Columbia studio. Figures Show Fox Deficit Of $2,484,824 Last Year The Fox Theatres report for the year ended last October 26 shows a deficit of $2,484,824. Tiiis compares with a net income of $2,660,261 for the preceding year. Rumors Force Stock Down Rumors concerning the instability of Union Theatres, Sydney, Australia, caused a drop of 45 per cent in the stock on the exchange. Report of a merger with the Fox-Hoy ts group capped the list of false stories, but was denied by Charles IMunro. head of Hoyts.