Variety (Aug 1931)

..- ^!Ari,Qt.lif'r Jncbnctusdve session "j'Qs.y. tertlfiy; ■■.(aiph;),;.,cI6se.' to:.'tlve-'.-'nifni- ■ miirn ■ .of . 700,600. •sliares/ 'ana^ a<ivQi(i. .• of .|nciicaiIon5 for: tlte'.f^ ■.'.EaS'je.Svay in the e£^^ .•; the 'inflii^jice -'ofia,'iglUn&p in.,cbtton,.' dire, to the.- rie%y.-.estimate;.'of .^Miiigo 'jsiirpJjis.^crbp^ ■but;;fl5in'C(l.;la;tlie.-'J^ ." .hoftr atifl flnishbd- aliiTiost.uhchan^^ . In ^.Qr'd'er' to h'old'. 'U^^ in. .the: liet.; r^siilt; /hlafkot: ha;*' :beeri; ■; coninellert to 'standyoff^ n<^,^\^. w ; ness Jfi^ theiTaili-Oa^iisHEi^^ besides: -the 'upset ...In' cot'ton .T^•ft.ich• ■.•bro% ■ '. morie...thah':;$C a 't>.a.l<?' to.- nieVr.,lows.-' • ; t^low;;7 .cents /a. •■■-; :'';,.■■ .. . The'; kniyisement stpcljs made.-' a Bood\kpp(eararice. /Piramdunt ruled V. cJOse to. former levcis; Jsho^ylng only minute.;GOnc.essioris. from .th© Jfevel' ■.. (Df is,, sho>vin(j:- plainly; that- the' im- ; pendinEr/,.diYldehd action.' had..' 'been ;v.'aisG;ounted. . .The jnet; ait . .. 3;:36 "ifter the .diose'so that th^e ^rcr ■ isull did .rtot .bebOTTie "knowa during .. traHing^ 'Di ohee-fbutth. shai-e- in stocif-fox the quarter; abPMt, '■ maintaining, the $150 VarinuaJ: rate '■■."«t:-current'. PTic;es..i:-Jv . V:'. ] '"■. : ■■:"■■ • Fox BrOke;^ further ' iji yoiumCf ' Jipoiritg to a'hevir-bottom on the move-..: ■ ■ tiient'&t'c^ ayay.:frbiin : - its ail-tlme .lp-w estabTished:^ln-.]VIay ; .- of. thi^. iyeari - 'the dealings , being; characterized by; a-. succession , of. ' blocks..Of 2(P.o6 , close,, - • •: V.Nvew.'.u^^ ,: jirece^ded; arbuhd 1 s'lm.-'' • liar ■ flurry - ih '.General . Theatres;, . whl.Oh broke; su rijS'w low J: .ifoP -^U' tlnve .at' 2."'„i the :first tirade at .that isrice' belhg' 3,odpi.:;The,atres- Yesleirdeiy's Prices- .•■ 'Net ' ■.Sales: ■ - '■in'Brh.TjOw.T-a'st.cligf.-, ■ JtiO Am.' Sont;.:. 4'V. • 4W, -:-4'4-Hv U . .r.mv('i:ns.,.l''ilin'. .T-rrt - 7',a . T',i r-- >4 - . 3;;0(l J-;nKliWari : K.im->1 J33. .'134-. ~—1 'V-' .12,KHl .Kiix'- -, : .\ L.... 12% -in^ . JU-'!vi-— .?A: . 3il.'J(X) (;j>hcral. Th, -. jri 'V.i ■' S'-S ■^:Vi- ■ •>;;^MH)-i>iir.ir!...:v..-,-.' 2:t. 'liJ'a,.^^-^j; -^.1(1:. ■... -3^11) rutlio -A.'. .V'Tit*'. fi\!. - .Ti'i -^- 'A- .•.■0,"n(lO:lt(,'vV".-:„-,Vi.. . 17';.: .nift- IT'/j ' - •■.2,lp() AV. .;D.v. v. .-; . 7; -. 6% :..'-7i , '\ coiid" '■ / ■ ■260 Col/p;//;: ; :!()<;•-/lo ' - ia ' ^^l,<(10■l••■bN .T..;.,..-. i'A . 2<i ^".t^ 'l/i - : 5,so(i even;- T.. .pfi;- a^^-- an'. 3>/4 ' ■■;aOO"T<'clir',-'fi-W • O'/a- (IVi • ■ wo Trah'a-Ij.. p ;.'..'4%. . 6 -.4:'% ' ^' ■'. ;: ■v."-u6Ni)S;'./-: ■ Mo.b'oo'.ocnPTOi-i-ii; 20,'' — % <l;(Wi} Ko.itH v.-;,.-.'.*? ■ . (I- ■ ■ C7 ^ " ■. .2f.(KI01'ar-P.' r.-.;; 7S'.2 '7U'.-'.' ?(;'.'• ■■ .'2.(m l>aHi6 .IC'Vi-. .O214 UiV*.^-^ ?i ■17,000 .AY/- 01....... . .. •«iA-. -435^ . '^IH + ■ .went ,.throu"gh the teat :,of: the day . fairly, 'active land- Ayithout: recov'ery,' ■while;, support- came Irtto -FOx and- / rallied: it, to .a 12% before: the . Vgonp.-..^ ■■. ■ ,.. "'.':' ■ . Th€i ; General Theatres preferred on : , the G:urb paralleled-the 'comrnon oa . the. Blg:;^ ■ r -jak.bottom sinciB.the 1^ -. ■ 'pany-'s''". bonds . were r'cactio'nairy, ; '.VStarting''at-. 20.::.>iiid. s'elUng,- .'o'ffV.tp ' .:.':l8'¥4i •a:t->lVicli. Ifevel they. :\v.'ere. but. i fraction d'way from lait.-weeit's :lnlnimum.;'^': ■'^Clbse:''bi'pu^ a mijib:- - ^raUy.Ho 1^9%. - Sales'-wer^^.'cbmpfir- !: fitivWly large, :tbt'aliing aroiiind .;$50;-. ;a 0(t6;:-■■' '•.:■■ :::^-■-■■■'. .'V:'';: ■ ;■;■■,;.•.•:>'; ' ■. -.iRte^i.-.d ;:rath^r b'e,t'£e'r. :'.tlian. - it .. jha's iatisly,;. displayIng ^a; tendency .to -.flrin. ujp ^wbcri.'. ,'bfE,e,rtn'g3 ,V folaxed ;" Glbsie.: h<?re ..was fraictlonaliy- higber , Det" ait 1336.! Kodak- Went ■ dull. oA- -reactioh^y but; ;fi ;.. ::quiet.:and icasiesr ore."ij^^^ : Except - ...f Or'; .GfiTlcral: ■'..Theatres • bondis .were ■dull a^ :;/ flrhi.' -; ■!'- '.■•■ ■ ■ -', '';.■ . :■- "-:: ':-;- Fox Disturbs Group ... The. a:niuscmeht ;i5l0cks i.icld their , ground stubbornly, through, the. bail ; --n:e\vs:6f .lh.e_early part,- of ia,'st'weeK, : but^paye .wiy lat^^^on. •■vvh'en a.:shari> • bteak in the Fox 06 teriifr: in trod liced .-, a disturbing. el.em.ent; cndihg ,thc :."week,''ho\vever, Svi'th:..'Only .'fractiO'iial &' ios.ses in the active issues,, and geh- [f . 'erall'y .defeadihe previous resistance .'.- 'K levels • .in - a good - deal better. shape : .than the gcherajity of the .Stock :-...Excliango list^..\- :,;. '-■ ../ . . :'• ;■■• ■ POr. Instdhce,: the •Ihdustriat table. ■ .■^yas .spedtled with-new:lo^^^^^ year, ami -theentire-'-bearr market, .and ...the : principal".-'railroad .'■shatos . •brOkO: tth'r0uj5li^-t^ :0f. - defense, app.ar.ehti-y IVeadod' for.. n^W -lOwg,:while the thiJatre'.stocks,,with- the .iexceptloh..of :Fox :and.;General' ."^^heatres, stood well above oaili.er ■ ''price ■valleys of the .spring 'and'Sum-' ."mer; ".: ■ •' :■ '•^, ■• i^:-:., •' ■'^ . The: extreme ~io.w.:of the ■vVcek for tOew ..was : 44'4, :hcarly po.ittts; ■ abOyO tho momeiitary. bottom Of ,4- fe.wr. 'Syeeks ago :and .->voli prblectgd .: - frQ'm' .thb- .ioW: of, tbte;; c-j-clc:,' avouhd- 3C early; In June. -J^iramquiit tu^^ ".; (iulii.ori brganiiic.d: defense ■ ■clOs.o. to .aiid .Warhier Bros.; seemed to bc.'alri^o,s'fr: peggcd..within .fractio.ii- .'.of 7.". -HKp.w'.avored: somewhat,.-cas^^^^^ ■ ins" close' to.:the 13 'mark;, but ;,0a ^ . vo)umc'. so ;i:n.sign'^icant- tliat'it.-carT-'; : rlcti- sm'all wcighf.' • . ■ ■ ,.: :.,' in the 'abstincisV'of. -ahy 'SubSt.^ , 'turriov'or among: the -f.i.lrh. atbcks, :.''oi' - any 'other : for; that . - iriatter; >. the :;..weakrios.'J In Fox ■ ai}d itij' alilos - was :,': the ■feitiire. .■ ■Volume, h'erc.'clirnbftd to. .the: "re.sDCctftblc trttrtl ' of . 'fli,00.0; : (Shares ;in. the six',tra>Jirig -days;. ari(V : ai')pearo(i to rcpr.oscnt-dic.fihitc ■'llfiui- datiOa. frpm ' ■inform / soUfce'.s -.'to ' difjcount: ■possibili'i.ie;s.'.:oi. ■I dlvidfind; ■ ..rTate' ■■ revision.-,. Action'..-In •..(;Tp.rt<;rfi;l . jhpfUre.o, ■ o'f\;'co.tir.sfi',- ■ redcctf^d.- ttin- ■ - position'::6f. tirat .'oonor/rn ■in .te.spf;/:t » 'to. a;dl'vldenft ■chnngo-.in faii. .M..'ifk- .' Ing 'down oi ipHccs •w'as;pa.rtlcuia.fl'y drastic iii •this tiuarter,/.wlth both the/ lifted: stocks crashing . to :-riew; lowsvvfbr: all ' tirhe, arid, the ^-boncis bveaking to 18 and: erid ihg. the. week at 20 -for a. net; ibss.'of .lo; pbints. . At ■such .leVeiis- It. gOOs without saying that .the bonds have, pretty well. di^-. counted something.drastic With ref-': erience to thfevFox di\*:i(3end,; for. it. Is' the .; film .' pOmPfiny >; disburseniients : that are looked to to cover Interest on the stecurlty. • .: ■-• A ' ■; r- '. -'''--^-: ■■"-■,'■ .^M^ •flpnd^.Ppsitrpn. ::i.'-'^ . General Thea:tres has, ou tstandlng J$p.O00,pOQ;<jf; funded dobt Ihvbivirig interest .arid amortiziation cbatges; ot $1,850,000;.a. :yeai^ . Fr.6w tlons aside, froth : its ownership;: of FOx stOck the- company showed net of .about. jliOiOOTOOO for .1930, which ■ is. |850;O0.O,' short -of. .the, sum; re- qiilfed.fo.i: the "bonds... .'. ' ; ' . . General Theatres' holdings "of:.Fbx stock-amounts, to around i,-l6O,O0O Sharies,^ aad. with the film . companyv mai.nlainihg Its $.2:50 .dividend. ,rat^; the.'inte'rest : a;hd pttior ichar'ges are ampjj*.'icoye'red, with ..a little Over available - for ,th6;:,Genera;i'- Theatre :prcferred.-stock. '' \ ,';'.^' /' .'•■Wlich tlve Theatres board defertied' iScclaratlori .of th^e preferred dividend March"^2. It becdme apiiarerit that the: futu re; income available for the paj^tnent \yas In - question,: since'! It was - not ; Oyea .c««rtain that', the .in- eOm.ei from ft:s o\\in operations, aside fi-om . the Fox holdings* would be malht^'ined, it the I'J^O rate. : It ■wis about this, tliije. that^ the. comjpany's . bonds. began -- to ,:retr;eat,v going, - on; tbat" moycmeht to. 25;/with the com-; .mon and ' perferred .issues liljewlse easinig ;to, new .;ioHys,;-arbvind 5 for the, commoa and; 7 Tor the. senior Is- s'ue! ■■ .Both'. stocks and :tho -bonds' sla!jed:.a.'rally, from;, thbs.e Ipws; "but prcs!5ur.e -was . i-enexyed; lafit-^ week, aiid they - violate^ the earlier mini- mum/iqu6,ta;tibris.-,/;.;■■■ ^ ■ • .:; ;'} .. Tho.-. -(^ : ori ttie ■ Big; ..Board broke ta. 2'A Saturday, and" , eadfcd the session practically at tiiGv:-bbt- tom*. '^yhil? - the' - preferred On. the. Curb establislicd' a-new loW" for all ;tim.e;a.t.:3.Vi,. 'maklri.q: it leyideat-' that thb prospect' of ■aiairttalning- ;i:he $3.50.~anhual rjite ^vii? pretty, remote. : inference as : tb the Fox .position was" obvious: •whOa ■ - that issue slumped at i.ts Ibw; to . 1.21^, exactly half, a; pOiat from its cxtreaie bpt-. tOm ih the .Tune' 2 bear market cli- niax. . I>fqtliJ.rig by. '■way . o,f.. formal P?^bnoiincemeht. came- outi but whsb ithe- stockgradually .cased' to. a .price whore its . pre.scrtt - dividend reprer sented .'i yirUi: of.around 20.9i.: it be-- came .evident: [tliat wcll-r^informod hordinps were coniinp into .tbe m.air-v keti /and.'this lod' to - .urgent sfellj:nR.: ti;om •'outside. vN.et. loss. bf: F^ A» fof ■the. ^yOf'k^AvaR;2%^^ at the clos'- - ing price of • 13; . repi'c.'ir'flting' th.e' rnarkltig ; down' of .quotations . by .abp(it::20%*'\ !■■./.;:.: ■ .;. ' '■;/■.'■.''Others:^;Kare--:Bet:ter' i:-oe\V's^pp.rrQ'irmance; p.r.oyidpd. the .brighter. Side, ;f>;t' the p(ctVi're;'.';e'ven: '.aifter gl.vihg diije ; consideration'; to': tlrb' rt>:i>ort t.hat,. It w.as,;under .gtjid-: anoc!::.of a,;. ivc'>y..;p.b6l. .-E;o\y. price for- the.week: .Was :;44 Vi, -even; under, pres-r • siir e,: of: the .enbrm ou s ;,{t m bu n t o f;. ba (i n^\v/s that .cli-ma o.ut, c.ori^^^^ the irt'fcrencQ 'of .a:/ month: ago... tjiat. tbe stack bad.- gfrtdually' . sifted i 'down during; ;tlie:-su.mmbi';-- in-to . strong' hniid."!;' ■: iicsldes which; tijc: tcchnlci.l sitiiation';; surrou'nding.'^ \tlie ■/Issue .mak<>.s it alrtrost' -impregriablo a^^ ■-bearalUtck. ....>. ■'>. :■•'■.■:■'■'■-'/■' .:";: A\. .i-aiher :./"favorable.' :ariglc- , bri .rt-mil scmon to.ck s' goacvally: wa!^^ way l^'u\nnloiint ■ was.:al)le-/to.-'':.^ta :up'against:thft.n<'>\vv:diyidcnd'dQveH ophicht, making; it; piN-i.bti'cally cbrn 'tain that 'whon ; tlic^ directors :mot yc^itcrd'fiy .■ (Mbnd.iiy)./ '4i>T- dividprid .aotl.oh; .tlioy 'wbind-.yatc/for p'ayrrtent. in •; .sto'^k.' rath'eiv tlVaa .continue -tbb rat;o of '$,2.50. .:'J'h'f! .<;tory'::lrt ciroula-' ;t'i6n -all:last.we.f-k ''for.of'ast'Svich - ac-; UJ(;n'^ .-Desirability ' of; - Conserving, ca.sli .rf'.sfiilrcf'S, aiii.fl the ..bond; proyi-V .sl.on. calli'iig fot .•dv :f;^»'tain : r.*itio; of ■WrtrkJrig/c'apltal to'/f urrf'h't iiabilltios- a W:iif;d 'H .j<.tnck- p..a.Vmf'nt ■.an.vhowi "VVlillc ihC' debenture .ptovlslori ifor-; bids cash dlyidettds when thb ratio Ty-7TWm- ttf<fi it tipecincally permits ^p.Tiymcnts in stock. .: ■ ..-. .- ■ ■ •-■ ■ • shares/n\akei3 It apparent tha;t.thei'e was no/ largo/ amount of - .Wcilkly- htld' stock being•fdrc'ed Oijt, dad a fict loss o-f only half /a poin t seems to .jprbve that. lohg stock 'Is w;ell coh'. .centratbd.'^' , ■'■ ■ ■ -"/'•'".' ■/■.'' .■-' ■• /' ""/•■/'••■ f: f^KO .diyiK-Girounci;' ;..;/■;;■-■.;'• '"With Its/.rather/ unfavorable: ;sect bnd-quarter inc.Ome.:Statpmont. just annpuriced,;ItKQ :was in no. pb.slt.ibh: to reslift. the .doWn>vard trehd'in'. .all; p.'i'rt's.:df the.: list ...and the intpn.si'fi.eel boa'i'lKh :' sentiment ; dcvoloninir. -/in .wall Street, bh .prices .foi" .'the/^ few' weeks, The /stoc:l< TslipiVbd. off slowlyi /but. .da In the gase of; .so;hio otlibr.s; doivlihgs. were In ;subh/: sriiali; voiuhie ■ ti)«it the ; mo'C'emont;',: AVd^^, jipbbcd. bf;its sting/' If prices: lau.s^ dbcl.lho: "in .:specidl stocks, / at le/ist "thci-b:; Is! Bomb; ^hcourageitic'iit. :;for longs In absence Of vol \v,ne .s.ufige.st- liig urge^nt ;re;ti'batt :' That's tlit only eacoui;agemp,ht a good. 35ri.dny, Ibags, ai:b/gpttinff'just, hbw; •^;./..... .:-.]i!Is.ewhc:rei , ■ ahiong . the: thbrtfre stocks thcrp.:was little.iouistrthdingi TTh ivorsai/'. first; ■; prefei-red /' ^w:ent thrbiig.h some, "std-rtlfrtg ./gyrations,: Starting thb...■week dt: a liew /high. bC 66, /profit .taking came .in, and' reiil^ \ iziph bri; a: few;, tradps, appdrphtly soared out a few' speculative adV.eriT; tiirwisi- ''..'''.;.'/'.'; ::■■[■ :./■/■ '■ ^ ■■■^■:-■''/''■ . The / pt'Jce nosG-; diVed on; ..a. fcSv mlaimum; lots to .SS, arid then r'e'covV pre:d' on rathei". 'larger;, tfarisdctibns. toV i2, ^here; the .week ;.eiid$d foi; -a net loss of 13 points,:: the. oaly- majOiv decline, .aside from .Fox,/ In thfe gfoui).;';- : . ■■': ' . .''■'■; ■. lAmong the niinbt Blocks; Trfins- Lux Day.ligjtxt Pictures struck- a now low sln<je'listlrig:xjrii :the Curb at 4%- on the sizeable- turnover;/ of; .4,300 shafes, .;prQb"ably the aftbrmath of too; ertlhus'iastlc touting last spiririg- Ayheh/thb yeriture was undertakbri;; Pressure agdinst seeorida.ry Issues showied: .unexpectedly in GolutTibia;. where .'some volume /appeared; in th.c j Voting trust; certificates; -Sales / of 1,600: for this/ iisuaily quiet . issue probably represbnted; tlie' disCQurr aged sellin'gi pf : outsiders. Thb stock' has been, extrbmbly iriaptlvb, bplng closely, held, arid devoid 'of any/camr paign tb: put. lt In thO spotligh.t.^-/ ■ . '. Aside from the bad break In .Gcri- erdl 'Theatres bonds, the fixed Itt-^ pome group did well iri. a qiilet Way/ .The Pa the bonds sliiiirted 3 points to 93,/ profit ;t.dking' haAring- beeh corini^ plcted ari.d the clique contlnuirig its Campalgri, /;Loew/ 'vas practicdiry urichdhged; v ; the old Paraiaount bonds irained a/frdbtl6ri arid -thb" :n'e^\y.er ;issub / cased a Utile over /a pqirit; Shubert^ bonds were bdck at lO/flat for a loss of ^^^y WarnCrs gained a half. On' the resRCCt.Iblb. tOT tal'of : $102,000. ; .-.■..'.; ■ ;':'''^:' / . ■'Sti'eei/PMs^'mI5tic'^■!;^ ; The Street ;hasV reverted to pes- slniism for, the/ immediate fiitur.e. At the Satunlay: close, the ."Horald Tribune;:*, averages' had got back: to almost a'dbiib'le bOttom./at. the level; established Ip the secoridary reac^' tion Of ' June .18. ' Que^tlOij was, could it .stage a^rebpund from thei-o; or Wpiili}/ It ;.contlriije bn down, to test: the, exttbriie lows of June 2. In the .face of /restricted bri.sinoss,/ the :Strce't was;: incliried/ -to:; look. for' 'a- gradual: decline Idstirig: for a week or two; during ■which the ab'solute bottoms /would ; .ba approiiiadte'd,' .with outside buying eriCourdged/tb comb in at those :levels .to try fpr -a fall.rcvlM'd;!.'-/ ' ;,..'>^-;•;;■:/:■■"" ■ /•Thereafter,- .Jf'. eerier.ai- business shbwed\a satisfactory pickup,' it vfa.s deemed' probable that there might .be a ; sustained ^ .recbvery, -runrilrig Into :October.^- and - perhaps; .rppre- seritlng gains of 15 to; J ft pointjs. in the market Indexbs; / :-:• . $16,d(K) IN NEW HAVEII ■ ,.■■-^ ■:. PefendfiPr'^ Fair--;':/ - :■',.■. / ,I;jbw IT(>yori,/A 10. - (Drawing- Population, 300,000) ; ; Pavamount:wpn.t.;irito its ripw soa^ '■ son in a burst of; g;l6ry and /.had thb rope's lip/for livp: firsttinie:!^ wecUs. "SmiUri'g ,:iil.e.utonant" . i!3 ; .showing effects, .of . inlensiv^'. pluffgingr; a;nd should,, ,t.()p ■-: foi*;. t.hc: /current week. ^^e^y■'/^iid:nagers,,'>' ITain'oy.- Gockf? . at, Par.-inioi.rat; and:/ Kbuls;/. /Lablrib, at- 1 togcr /SliPrman, ■ apjidrontly:.beli0.vc in pinblii' ity,:a's; nowspapbr ;.si);\;c.c has ;t;i>kc>n -a'/jinrip ' since tbeir'^.an'h'dl; V . Ayp^k- w.TS t>rlgin'fi.lly ,isPhodulcd 'for :s,witch of-FrM iinits from .;l;-05c /Poll .: to' "Pardnipunt,: bu t. fi rids;u n'i rs' st i'ck ; ing.'at-Fo?t PoU',wi,i;h riP.w:;w brought into: Par frota'.^l'Jroo.itlyn"; ' ■:;. : Ei5timates for This' Week.' . / P-araniou/it (P/ubiix). (2,353; ^5^^: ';5.miling- . J.;.ioutcria!U'"'- Wa;r).; ..ari'd ijnit.:: \Vill/.do /.fi.no . $16,600'. / I^ast week . "Murkier ^ by : Clock';' (Par),, >l2v200i ■■ ■■: :'/:/. - v-.; ' ;• '-..■ ■ /Fox.PoIi (Fox) (3;040; -65)r4-"Mag-i aiao:cnt'I,ic'' alvd unit,/ ;\ViIl lie/ntira- ■at $1.0,000.-.. l,ast/ .^yoe:k :' "i'liraclo ."VVpmari"' (COl) '^lidl.to;:poor ■$ni300, definite favorable cori^ment' on film; .. Rog'er/S'hermari ('VVK)..''(,2i2(jO.;-50)/ :-^:'l>ublic iJpferider" (Radio)..:: "VVilV probably ; get a- Bdfb. $5:,900i. .Xiast week :;!*Commoh;Xaw".: (Paithe) got iilcb-$(5,!5"0O.-.' :/;'—':' " ; . • Bijbu (Fox) (i;536;;/5b)-^"Ships Of .Ha..tfe'' arid; ''DudQ.PiariCh.'f-. iOff to $3,80.0 clip, satisfactory.: I^q-st w^bk "SalVatio;! Nell" and "Mother's Mil-. Hbris" .droRped-vto^quiet; $3,200.. - . ;. ..; ^SOUGHT* $^|opp; Bui=FALa Shy of $18,000 ■:^ /■'/ ' '■:Buffalb^. Aug.'^HPv"-/ , ..Coblef;/. ■weather / should ImprOvie grosses all-aro.U thi.s 'wcek.;: - / Estimates/^oip This Week/ : BuWo ■(Pu:blix)';(3;60:0; 3b^'40r65), ^'Bought" (Wii). ;.'Should -be- around $42,000; ;gObd,- l-ast ..Webk. "Magaia- ^Ceht Lle" :(l?ar), '$20,40:o; .'/" • //: - // Century (PubJix) (3;400;/:25;35),- "MUrder- by Clock" (Par).:,, MaybP $8,600 this weekv okiay., Last week •'.'Girl irdblf (Par) weak at $4i500. : , H-rpijf -xr^ublix)- (2;400; :/25-3'5-50);- "Five, anid Teix" (M-G). -Looks like fair $13,000 ;herc'.': Last week"Blaclr Camelv/(Foxj ■$ll;4m ' ■/ •Great. Lakes- (FOx) (3;400; :25-35r 60),.l-'SpOrtlng Blood";.'(M-G). Prbb- dblyv :u.ndcr .$18,000, riot bad..: Last week /"Politics". ■ (Ri-G) /and 'Wesly Ed.djr bh stage heat $2T,000;: grct-it. ■ .1 Lafayette:.(Ind): (3,400;: 25.),;.'.'Tile. .Viking!' (Williams).' steady, at $c,-:, 50Q.; Last week /"Ijawlcss -WOriian"'/ (Batch) over $6,000. ■/ rations .:/:■/.■';/;■:■ ,:C.al1fornia//.'/:.• '/..'/';// ' ; : ; . .;:Sac'rnmcnfo;'-AuiB'i:'-IO»- ; Piirific. $li6\v- Vriht. to., I.td.V '. Iios Ari-i RoloH. !C;ount>-.- 'capUftI stock 'ilS.OCdy • JStf ^.sutiatrlbcd. .' fj-; II." Jblins'on;. IJ. -C. Gu'nar -e.-VI". 'Mr'Gurk; -- .: rriitrlfjiin rictores; JAU:. of ti.' :Xi .Cvuri.t'y.- 'cn'pltal- .stoclc.' t25,0.6o, $30 sub-: scrlhoil. . .1. -irellikep; JJ., l''Ord, G. Irwin. . .1»l>l(^I)oii|rltt8, ■T.(jl., ol^ 'iJ...' A. Counl'y.i- capital > stoc.lc; ■■ l.OOp . shiti-.es, . alj • sub- scribed.' - -Harry. S... Webb, P. 5. DdbRlaa, S,-. E.. XJIppcrKli. :.(rjct»ro product,! op.) . cnncn)ji' Stu<II<M'Supitly; Corp.; nt ti. A., nfi»)lo 'cha-PKod . to-. G.incrii.a; Studios -Supr .ply Corp;,'.-.XiidV, .. and ;ca'pll.al .stock Irf- xroa.scd;. ..•■'.•■.■.•■■' •.''*' . :-,' . I'alhp.i) Itull«1In^,'~']ii'c.,'; 'Vcn'lcc, ■. Calif., rianio;,clian(Jo.d,tb P.-i'lace •CoViijjap'y,' I.1UI., ;and . .c.apKai. 'atoc.k- inor.cisc^l.:: - / .' '.- . Sumrftary fpr week;!e'n(Jini^ jSdturiday, Aug, 8: Hieh. lS,-i-T4 ■ 3S%: ■ 1.-.'^ or>:.. m ■ •B ■ M ■ ; 271/6 nil . /.20.%.. ■ 4m 107%: 5% ' ■23 ' " «VA - -31.M;- l.l'A- ..1314; .-■74 '■'. 2.1. /7-JVi. -1031- ■,-'.-4'/4- .: a% 1014 : 118/- - :11% •8C ■ 2V4 "30% . -■ 83,;,. -. -G - ;22- - 35- : - »: '. 12 •• ;v.'25fe':! 2i - : .. -. -/IH. -ion/ B4 2V •«".: /!% . ?-V4 : '3%.,; ,•8% 4% IS 62 M ni.- .u at:. ■' 7". -Sales.'-: 'iisoo 400 20,100 01,300 70i.-?00 ; 41,4 (H) . 23,266 100 • coo : ZOfS ■::i!>0 21.200 : : 3,000 . J.' lOO , iw;80O, 18.400.; .:';''\76 41.wo .ti7!.i66 • OOO: t.ooo ■11,800 : ^,100 38.400'; 1,000 . 4;300 ; STOCK EXCHANGE 'issue and.ra'te.... -. / Amcric.-tn Scat. .... .•.'.-...-... Con sol-.; K n m..... i-.i.-. i ■ Gohaol. Film. ffd.- (2).. ...v...; lOiistinaa ijudak- '(8).....;.....'. ,'■ yox,-. Class A ' (i.-IO);.-....:,.,.'.. 'Gpn/ :]Clcc.' . (l;00):;. .' . .' Gen. Th'ea.. K»j, n;;.■..; .'.;. .../.'' Keltli 'pro^; . (7);^.; ..;. ; ;.,.. .. I>ocw-i (SK.. (;;.... .-. v..:;-,/.;;.;.;. ■■Do'-..nref:, .(0.',-!):.. .';..•...,■.....■.;..'. Madison: S(|. Gardori -(UO).....';.. -: >iei'-ti-M. prof, .(1:80)...:'.; Orph. pr^r. .(8)....'..-.v.... Paramount- ': .^..';.. .,..).:...';;...,: rathe' -KxphanKe..;.'..i PathP,- OlaM-.A:;^ .i',;. ; ..V. n.i.dlo Corp. .'...;;'*;.;•.,.;..;. . HKO .,-; /../.... /..i.;.v... ;v Shiib,(>rt- ,'. .'■.'.• ....-.....'.,'..,- Universal:, prcf. (8)...'.. '.-; .■;.....': 'Wn'rTirr' Ilrp.s... j ,...:.,-',.-,'.. '.-,-. . ; -.'.Do^prbf.' (3.8nv.;:,.v.;..;:.: We9tln'.(;housc (4) .'., , .:. . . .'.VV;.. Zenith/ itadip:.. ;i.i,.'f;...;;,■ ^/v ■• •:■::'■• V.'x':^UBB': . ..Colurrtbia Plcls.,/'vlt.-c. .(Va4''>--: De rorest; nadio, V.'.. /. . Vox /:'rhoRtTca. i'l., .■.,. ,-;,.-■.. Gen; '.Thra.'Uq. pr.,(3',i)'.",..'.-....; T.<(chlvlc(i1or '....'.... ...-.■;.;.■..;/.';' Tninff' -itu'xi;'. . ': ..,-.■.... i , /.',, ..-;:. .;:/' :; .;■/ /■ / BONI>S/'''vl' 40 .-i'i;'.:•..;'•■■::;. V- 'High../; -Low.'-' ■;- 'a . 14%. '1.10%' .:10Vi . iVA •■■^^ ''Vt^'".. ..- ■^^5:; . 2.'. ■■•4.'-.%;- .2-l'A- .1% ■m . ,:a8--!(i~: ,;. 14%,- •' ■ ji7it'> .•vrvi.: /•cltS: '•-,;2i2' .10 : 4%: . 0% : 5'/f.: 201,4 • 00 /: . m .• - 0,1 ; .00%; ::ifl ..' ■4riU . nid, • 12; - ■■. 14- ■/ 14 Ji- $00,000- Oen. TKCii'.. Icci : : 2,00.0 JCcllhli'H/'>.'(G...;.'....,. 0,000/i.oew (i'.s, :4i', 84,000: Kalhc' -7.'s,:. '37,, .■,; : .' l«,O0() .rar-J.'ftri>-i;aj»Ky: (i's/ '47 34.000 J'nr-riib.. .'i.Ji.':'), 'W^,.... '•■ .8,000' Sbiihort irs.-; .-.:•'.'.',■.■.; 102,000 . WarncT Uros,. c; k, , ;30., V Issues IN OTJH ER NlARKEtS: :/ ■ ;.:/ .All -(Quoted,,/for: Saturday /' ,r;; ' .-:'..Pr6duce.; ,'Exchan'ge, N, .Y. -/-' ' J.enk TeteV. . .' .■. .....; ,..:. . i'.,..,,.,' ,,'■ ';.(3bkn;';JUcf..-.,..:,;\.:;:/.,.;;;,;;,'. . •; /Oveir the .Cou'nf^r^ N;/Y. ' noxyr Cia6,s/ 'A -.(S.riO).; ■ : tJnlt:;- do.... .'.V. ;•.. . ;. . ' 'iinit;-:(io;..;,..-.,;.':-.i..... . Oc rorest; I'liono..., • •'..'. t<. '.'.»'': /'7.%. .-14';;.^ .132-»- . '30 " /*V6 ' ■•'4414: -."i--:- •■2.'i':. ■ 4-l,VS : / .22%-: .. m ■ . 10%-. : sR'/t: / c% ■■: -6... '. m ■ ' : n -- .[yr'A- ■no ,-■ ,/8n:i^ ■ li^Vi ■ ■, 10.-. : ■-. Net Chg; l.a»ti: for wk., .■'.' :4',4 .blrt 7% -14% ■ ::i:i^!/4 / .13 ■ -' 30 2% • ■ .;7oi)ia / ■:4^% ;:-^i>t + '% -1 ,'■ r-l'-i' .^1': .02% :■ :m - zr,. ; 4ir> ^ - 22% - • - 1%- ■■■ ■r.'H' , I7',(i . - 1.T4. ..-■ .1'',4 tld v '42-. ■■. r^ia' , :'' '7'' '• ..lO biti.;; ■ ■■ r>m - V* ;2!4'-" :-^A - % r-M - % T-'Mi - -''-4. - % ■ 20 : : (17 /'. : . ■ '•>03'-.- . fin • ■■; 77''.'-/ ■■ . io - :. .43'i:-s '^ .\a: %'. la- >-10 -+1-: - ■^:.1%. ■■-'l", :.-»..^5 /+ .'4-Vibld 1 bid-/- ' - V ''^^ :;'Sedttle, Avg, lo;..:';'' ; (Drawing; Population, 500*000) .. "jyith some ..7,000 :■ navy bovs^ in ' town. "Dii'Jelhle.''- at :the ■ Grpii'ciim i.s,.'vv-on timed; : In. ah/;ali-pliin(i i,a-' .ra^To;-abovp, the towri.:; Ori)ii- Umi »; nlano carrying- a big ba'hn'pr, "loii-ii'i ' • iblo,". to iust'aboiit st(fai the. Khih\: ■ / I'aVambilnt,; In ,Its fipcond ' wcbk .ftftef .the; roOpeiilng,: t.'j: stilV-Aviiliout'-- F-.AT''stage- shows;^.- 3:iisp\itd. Stfil :<)ri . 'With union, men also deinaihdihir ' ban'd for .Firth :avc. ■.■'::■V'ox^^^c^■/ C:t)(ts,l;.b,ppn& .its noW/:-Spokane .tlie.! •• attc thCrp Sept,,: a %y.itli—FaiirrWoh^ ■MaLrc'p":.sho.\<:sl'^./-:.-t.->^ r.: \:- ■• ■■//'Esti.m^t'es-f'o.r: -This- ;W<»e'k■'■'/- • -' '/ ; Raranioimt. (.Kox) / (3,10C;/ 2"5'.a&-"-.'-' '50;),^^'Kon of indiii'^ (3rl-:(i),/.Na:vari^(>'::, played. Upland- $9,500 Okay, a.s'^iiut • low.orefl,- last^ week., 'Tbilisi week urcit.' ' -.V'^W^O) --^^hittih^;'/ .-$1R,00,Q.; .. :..-; • . -■: ■.' --.: .•,; .■' . ../.Fifth - Ave,' (Fojcy- :f2,no:o;;' /25-35,^';; .50),- /'fSmilihg /Llpiit'chant''; (Piir) :.C5oi.ng/; .fine' foiv ihaiPiUPd-. $M.bQo.'/ Last, wook .not so hot. w;ilh ''Ma.iinili- i cent .140"., (P.ar)...^$10,400;/C}:iaUcri'olv.' jsavlrig... ~^;'. .:-:.;•..■. ■■;•/;.';,.-■■■•:'■ .M:iisic .Box (Ilainri('k) ■.(ilBO;' ^sv . 30-:n0).: "riepklp.ss.'llour"- (Fi\),./iijicii .pacoi-and /should do : $G,0OOi ..jjast '• .weciv "Broadniindcd" (l''N) a'.scitnt •$-l,-5oov■.:■;■/;'•■;-';./.'/ /■ ■ Liberty ;;:(.Tenscn-voh - norberKy (2,00.0: 15^30),^ "Children Of-.IDreaths'r /; (WB)., Ileaded .tb; do $c;500, : :J.ast': week:".W.ay o'f - All Men", dirt $ii,7b0; : - : Orpheum' (UlCC)): (2i700; .25-GO). ' ?.*]plrigible'' (;Cb]):. \Going: vcf^ .aycU . and looks like $12,000/ Last/.weCk / ' "Common I/aw". ■ (Pathp) line ba $13,000. •■'."-"-/. ■^;:<..■ ■ ■: . ' ;■; Coliseum . (Pox) • (1,800; 25^35), "Nigbt Angor' -(Par)-; and.' "gda-et ■ - Gall": <Pbr) sblit weak, iiven p.ice ■ for .$3,200.. Last' week '-Party mis- band" and -"Man/ oi ■ -Wbrid"- to' fair ." ■$2i9'00. •'■:'■/:; • -.i^"';V^' -.'• .r.--.- nt I*at-jam:oVint will :pfiy:/Its tWO :i>^nd / a;; half - percent dividend iri-stbck lhV': stead oi cash, /That's .e.ciuai; to onb ■ f(Jr't'icth; .of a; sharp, on. the.: pOiriniba / stbclc: for . each;,sharc'"hWd/'rlt/ is .payabib SPpt. ,30... Basis • Is/ the cHl^ culatPd .yaluc' .of: $25' per 'sliarc oC,/ i3,100,b()0- Or sp/;;^ires /oUts^ta.ndin-g. :It /mbans;. the. : creation, .of ■ a' new issue of .larpiirid'. :7.7,500 shares., ::.':' : In -:a ..siatcinpnt is^ited/ by /Adblpli . Zukor fbllpwlng tjic decision of tlie'- Bbarg ',~y:e's'lerday.,; (10), : the ^ Parar mount head,/'cites eai'ning/'for tjie .first ;Six"mo>lths rts paHly estimatei . ■at'/ $5,7(5(1,000./' :^ha,t'^ arpund ''li^S^- ;pcr/ share-;pn v .oiitstia'ndingr', .■stock,; (iompahs-'s .Casli: balance a,.sV,Of juiii*/ .30, :1531,/I.s jnfriir.cd:?^^ 'Bank.ioan^ outstanding.on tiie same ; •date 0x6.. given --as' aihouh,iin^ . tpj; $5;6.oo;Obo. '■/,-■ ■ ,.''/ /'„,; / ..;//;;:■/■:/ .. In paying Off in ;stobk Paramouht' i's wbri{ 1 ng; in• lin.P' with; its-/cuatonii t / ::aty/ ,cbiisCVYatlsm of mc'etlng ccrtairt: eitrabrdihary /liabilities but '- of its current eai-nings; ;.T^ibse;anipjint to a'round '$li;50O,p00^ :cpvcri,npf 'cbrtaiji re'piireliasb agrcp'mcrits,', on, / stbck, vv-lvich; P.ar: made; .iii 'certain thcatra' deals. Par m'ade payment for these,: theat:i:c^, in: stock; with .tiie conditio^ that ,it -iiyould • roxiurcba;sc this. ^Ipck at, $80 "within a cprtdun.'tihl ''obUgationi 'a'rp iiow being •met-';, '." / GENERAL THEATRES GROUP. Fourteen Different Firms —/S.bmb- /:• 10d% Controlled : Fox Film; grpup ' of cbmpabies . w.orkih(J:'und;cr tlio'Single .control b£ G^'ne-ral Theatrps i'un: to., arpvnd .14 ; ,eOricern's bf. nLajOr size,; /Pi-actically all/but three Were in .the fbjd Ijofbro \\';^illiam /Fox- stepped .out. and' the majority--of'wlviciicwere. him :within ;a-'.yea.r Of -. th.'it, evcnt-V; r>ircctly sub^idi.ary -to/G.; T. .E. is. -Fbk:: i'-iim, cOntrblicd:bv.' itbe. former ■to the .Vxeiit of./C5%,;' ■ Dbscpndftnt;; frdm '^-therc :arc. Fox Theatres, :.cbri- ,- trbUcd ld.b%T Grari.d«iJ;i-e,.' 50%;^:' tiohrti;-, .- *h<j;it're .:..'/Supply,' • 00;%;' /^■ri:tc•ho^l C.-imerh; 100%; /FpX: Metro- p^oiitan .; Tli'eatr^s, / :'Sliiric ■;';C:ii'cait, United .American.''- In vo;.<5tnibht-. Corp., dnd■■37-Vi% of t'hc/Kctro)i0lis;.itn.4., Dradf ord Trust,:bf jLpnd.pn, w)iicb 'V^. turn;, cont'rOls /Britiish ' Gauijibnt.'..' ;;;. -'; -Fox-,alsb! .Controls^ .ilbyt.'.s Ai'istra-. ri.an Circuit/: , Ahi'Orik/ltsvmoat ,valu-/ able pVot)Pi,-tiPs',. .are ;-a., 4S 5&' inlcvest; ih. thb. ■ Jjbew ^jGompaby, . gOiitrol Of: Wliich/:)ias:,;be;cn/.,shptcd : tp; Fi1b>; ■ .PeCuritio's .ftrirp.. a' now ,CbmP.f>bY/.b*:■ bankor;OrJginv.'the Wyscb Gorn.i (i"* v Fb:!c- 'AVbst'-Coast. •;-I.ft'ttcr .is '.bwacd ](|0 Pi, •: ;Gene 'and- Helen /Buck.;:: Eiujure Trnkt/Cp/; $2f),7H(;.-. -■ - .■;': : Willi'airi. . Gerhardy; > Roman . J> .Ir\vin.''Jnr.; $l'(V07. ■/',- ;:/;-• ' , : Bcdfprd Theatrical transfe,*-, mc-.i C. J.'lJa.'2!arrb-;' ''$i;034; : /:-/ -: -.- ■ -' /