Motion Picture Herald (May-Jun 1943)

MOTION PICTURE HERALD 49 IN NEWSREELS $3,560,000 Net May 15, I 943 SEC Reports Heavy Stock Transactions Operations of officers, directors and principal stockholders of film corporations in the securities of their companies continued at a high level through March, it was shown Friday in the monthly report of the Securities and Exchange Commission. The greatest change in portfolios during the month was in Twentieth Century-Fox through a series of sales in which Chase National Bank, New York, disposed of 86,800 shares of common and 3,000 shares of preferred, reducing its holdings to 105,358 shares of common and 668,116 of preferred. In another series of sales, Rockefeller Center, New York, disposed of 46,400 shares of RadioKieith-Orpheum common stock, reducing its portfolio to 497,829 shares. Also in RKO, J. Miller Walker, officer, New York, acquired 100 shares of common, representing his entire interest in that class, and 500 warrants for common, giving him a total of 2,000. Reports on Warner Brothers showed a series of purchases by Albert Warner, officer, New York, by which he acquired 4,100 shares of common stock, giving him a total of 209,550 shares, and the purchase of 2,400 shares by Harry M. Warner, officer, Burbank, Cal., giving him a total of 150,060 shares. In the same company, Joseph Hazen, officer, New York, reported the sale of 1,200 shares of common, reducing his interest to 500 shares. A series of back reports were filed by the Warner Brothers, covering supplemental indirect transactions not previously reported. Albert Warner, in such a report for last December, reported the disposition by distribution of his total holdings of common in three trusts in the amount of 52,000, 43,500 and 6,900 shares respectively, together with preferred stock holdings of 9,539 shares in Trust A, leaving it with 500 shares; 9,363 shares in Trust B, leaving it with 3,500 shares, and 4,801 shares in Trust C, leaving it with 9,539 shares. Report Sale of 60,300 Shares of GPE Stock In General Precision Equipment, formerly General Theatres Equipment, the Chase National Bank, New York, reported' the sale of 60,300 shares of capital stock, leaving it with 92,613 shares. Loew's, Inc., picked up another 68 shares of Loew's Boston Theatres common stock, raising its interest to 119,628 shares, and in Loew's, Inc., itself, Howard Dietz, officer, New York, reported the acquisition of five shares of common stock, giving him a total of ten shares. In Paramount Pictures, Anson C. Goodyear, director, New York, reported the exchange of 300 shares of preferred stock held directly and 300 shares held through a trust for two lots of 2,100 shares each of common stock, wiping out his interest in preferred and increasing his direct interest in common to 4,100 shares with 2,100 shares additional held through the trust. Stanton Griffis, director, New York, reported the acquisition of 800 shares of common stock, giving him a total of 6,000 shares, and 300 shares through N. Griffis Trust, which now holds 5,000 shares. Other reports showed the sale of 500 shares of Trans Lux Corporation common stock by Walter Siemers, director, Jamaica, N. Y., leaving him with 1,500 shares, and the sale of 200 Universal Corporation common voting trust certificates by Preston Davie, director, Westbury, L. I., leaving him with 4,200. A delayed December, 1942, report on Columbia Pictures showed that Harry Cohn, officer, Hollywood, received 21,385 shares of common stock in part payment of a claim against the JHL Company. MOVIETONE NEWS — VoL 25, No. 71— Allies besiege Bizerte. . .. . U. S. destroyers hunt U-boats. . . . Barrage balloons protect infantry. . . . Club for military women. . . . Count Fleet wins Derby. . . . Football in Britain. . . . Lew Lehr newsette. MOVIETONE NEWS — Vol. 25, No. 72— Victory in Tunisia. . . . Yanks take Aleutian bases. . . . OPA orders "hold the line" policy on prices. . . . Weapons for Allies in No. Africa. . . . Women in uniform. . . . Dionne quintuplets launch five ships. NEWS OF THE DAY— Vol. 25, No. 269— Great Allied victory. . . . Balloon barrage tests Army's new tactics. . . . New York canteen opened for service women. . . . Count Fleet wins Kentucky Derby. NEWS OF THE DAY — Vol. 25, No. 270^-Axis rout in No. Africa. . . . Yanks take Aleutian basis. . . . "Hold the line" order laid down by OPA. . . . Dionne quints launch five ships. . . . Government girls donate planes. . . . Royal message for British women. PARAMOUNT NEWS— No. 74— Allies Tunisian trap. . . . Kentucky Derby. . . . Eighth Army smashes Mareth line. . . . Allies press on Gabes to record victory. . . . Close ring about Axis at Bizerte and Tunis. From Britain Actual payment of British revenue to American distributors totalling $20,000,000 is expected shortly in fulfillment of the new arrangements with the British Treasury releasing "frozen" balances. Applications for the remittance of funds must be cleared through the British Board of Trade and the Treasury, together with the auditing of current balances before they can be forwarded from London to the New York offices. It is believed by officials in the foreign departments of home offices that Australia, New Zealand and India also will remove restrictions on the remittances of monies. Although it was reported that New Zealand has provisions making it mandatory to follow the British precedent, Australia and India are not bound by any committments to copy England's example. 20th-Fox Offering Placed E. F. Hutton & Co. and Shields & Co. announced last week a special offering of 60,000 shares of 20th Century-Fox common stock at 21 Yd, with commissions of 45 cents and 20,000 shares of preferred at 31 with commissions of 65 cents. Sixty-three firms bid for 67,895 common shares, 279 purchases being made in all. For Paramount Paramount estimates earnings for the first quarter of 1943, after taxes, at $3,560,000. The amount includes $701,000, representing Paramount's interest in partially-owned non-consolidated subsidiaries. On April 3rd, the company paid the $5,000,000 borrowed from banks in January. The board of directors last week declared a 30 cent dividend on common stock, payable July 1st, 1943, to stockholders of record on June 15, 1943. The board has also authorized the payment in cash of $3,090,000 to the Trustee, under indenture covering the company's 4 per cent debenture due 1956, to be applied in anticipating future sinking fund obligations. Together with past payments of a similar nature, the company will have anticipated total future sinking fund obligations of $6,020,000. Kodak Declares Dividend The directors of the Eastman Kodak Company of Chicago last week declared a quarterly dividend of $1.25 on the common stock, and a quarterly dividend of $1.50 on the preferred stock. All officers of the company were reelected. CBS Declares Dividend The board of directors of the Columbia Broadcasting System have declared a dividend of 30 cents per share on the present Class A and Class B Stock of $2.50 par value, payable June 4, 1943, to stockholders of record of May 21, 1943. Quarterly Net $770,890 The Philco Corporation has announced that the company's first quarter net earnings for 1943 were $770,890, an increase of approximately $175,000 over the corresponding period last spring. Newsreel Plays 200 Houses Two hundred houses are now playing AllAmerica News, the Negro news reel, latest additions being the RKO Regent and Alhambra in New York, according to Henri Elman of Special Attractions, Inc., of Chicago. PARAMOUNT NEWS— No. 75— Count Fleet scores in Derby. . . . OPA orders "hold the line" on prices. . . . Eisenhower heads Tunisian victory. . . . Windsor here providing more crop labor. . . . Dionne quints launch ships. . . . Yanks take Aleutian bases. RKO1 PATHE NEWS— Vol. 14, No. 74— Beginning of the end in Tunisia. . . . Rommel leaves Italians behind as Germans retreat. . . . Americans meet British as ring closes around Bizerte and Tunis. . . . Count Fleet wins Kentucky Derby. RKO PATHE NEWS— Vol. 14, No. 75— Yanks in new Aleutians bases. . . . British heroes back from prison. . . . Government girls buy planes. . . . Queen reviews English Wrens. . . . OPA sets new top prices. . . . Lend-lease for French in Africa. . . . Dionne quints launch ships. . . . Eisenhower in Tunisia. . . . New U. S. tank. UNIVERSAL NEWSREEI VoL 16, No. 187— Axis doomed in Africa. . . . Martinque trouble spot. . . . Mexico hails Workers' Day. . . . Kentucky Derby winner. . . . All-American mother in Ohio. . . . Victory Gardens in Nyack. UNIVERSAL NEWSREEL— Vol. 16, No. 188— Africa victory complete. . . . Yanks occupy Aleutian bases. . . . Federal girls christen planes. . . . Quints launch ships. . . . Count Fleet Derby winner. . . . U. S. gun on tank weapon which beat Rommel. ALL AMERICA NEWS— Vol. 2, No. 29— Memphis War Bond rally. . . . Negroes in Washington offices. . . . Skilled workers get food to Uncle Sam's boys . . . Mary McLeod Bethune honored. . . . Veterans of World War I on parade. . . . General Benjamin O. Davis delivers message to members of his race. $20,000,000 Due Crosley First Quarter Net $1,125,230 The Crosley Corporation has reported a net profit of $1,125,230 for the three months ended March 31, 1943. This compares with earnings of $391,138 for the same period last year. Net sales were $19,262,817 as compared with $5,342,633 a year ago. Current assets were listed at $25,386,442, and liabilities $20,386,419. The figures last year were $7,780,014 and $2,766,113, respectively. The company operates radio stations WLW, WSAI and short wave station WLWO, and manufactures material and devices under war contracts. WPB Shifts Control Of Equipment Sale Full control of problems relating to the production and purchase of 35 mm. projectors, sound systems, accessories and collateral equipment was transferred by the War Production Board this week from the motion picture branch of the Consumer Durable Goods Division to the amusements section of the Service Equipment Division. All applications for permission to purchase such equipment as well as authorizations for its production are hereafter to be filed with the service equipment division, it was stated.