Variety (Mar 1934)

VARIETY Tnesdaj, March 6, 1934 Amiiseiiifnt Stocks One A Few Spots of Past All Skow Plus Signs at Close Active picture stocks provided ohej Ing 5%, Just a few eighths from Its of the few bright spots iii a drab. Uss^tj^^v^^^^^^^^^^^^^^ uninteiresting stoclc rrifiCrket the pa«t Radlo-Kelth-Orpheum both showed week. Only at the start <)t the week better .reports for 1933 as compared did amusement stocks ^hOw much with 1932. ^^^^^ ^^^"^^^ "^^y ^^^^ - I i w I of half a point fot the week, kk.o backward tendency. The market as 1^^^^^^ near the year's top. ft whol6 was weiak until late Tues- Radio closed at 8% after reaching Then on Thursday morning 3%, Hadlo Corporation virtually there appeared a concerted drive to halved Its loss as con^P^^^i^J"^ ■ , thioa fl* previous year. Radlo-Keith-Ox- test February lows. While these de- ^^^^^^ its loss by rtore than cllhes did not extend far, they left jy^o^o^OOO in 1933, the market in a shaky condition un- Universal, preferred, slipped off til thei good dividend news f rtJm I sli points on a sate of 50 shares lectric gave the b\ills a chance to push the market up one three points. However, It can hiircliy be said that th« market fol- lowed through the next day^ - trial Average: managed cloise 105 level after dragging along below it most of the Week Neither the raiis. or have been much to cheer .iabout tJ»e j ^^g" ^Yg^^^j^^ "^^^'ngp 3^^,^^^ .^as past two weeks. on the tape In great volume the Led by Pathe, Glass A, which middle of the week and on. S^lday • ^ t * oa/ 41.^ I It only gained fractionally after scored a net gain of 3%. the picture overcoming the slump, of Monday company shares all managed to I ^^gn It slipped to 6%. show l»lus signs at the close. Pathe No Rush £;fcchapge, .common, topped lidew'sl while the week brtought more evi imiumber of shares traded to and deflce of general business irtiprove- , .. ^ . - . ^ „^t^* I m0nt, there seems to be no inclina- closed with a gain of nearly a point, ^^^^ reach for stocks after making a new 1934 high. iQ ^a^(,t^:;yery little public Interest Is LoeW's showed a gain of nearly two I being shown. No sharp break one points and came near its year's I way: or the other has loomea In *^ . a ^ , more than six days and many trad high. Tra^jng foi^ .the whole, list are ardent seftt warmers on the only bnce during the week got* into | sidelines. Doubt ais to- the x>utcottie the 2,000,000 sharei class, and then I of the . stock market, regulation on Monday C26) durlVig the heavy «^easure now before ^<^^^ ■ ^ ^ , / a» to Just how it will affect not sell-off. - Eastman Kodak .gained 1^,^ exchange but business niearly three points on the week de-i itself, together With the numerous spite it was'^x-atvidend the Satter Investigations in progress in. Wash . ' ' ' ^ L ington, for the moment have-chilled P . • I bullish enthusiiasm. . A modification Aside from the amusement shares, I^he securities, law would prove it wias purely' a professional affair |: cheerful .news. Another - viewpoint most of the week. The shorts cov- [ lfl tnat the market has discounted Thljs. is not an acttve stock as a rule and this slump to 26 repreisents a dip from the 1934 high of 33 M-G-M, preferred, dropped to 12, where it wais off a point and a pioint from the year*i8 Ibw. Thepe w€f)re the exceptions to the. general advance of amusement ;Btbcks. Consolida.ted Flint preferred, came near Its year's top with a high of 16%,. iSiix, Class A, went from 14 to 15% arid closed with "a net gain of ered late Thursday and did/ some 'all the. present good news, and some Itt Runt on Broadway (Siilbieet to CHano*) Week March 10 Paramount—'Six of a Kind' Capitol 'Queen Christina' (Metro) (2d Wk). Strand—"Wonder Bar' (WB) (2d wk). Rialtd — 'Beat lilghtnlng* (WB) («), Rojcy—'Midnight' (U) (9). Muaio Hall'Sp itf Irtf (RKC). Rivoli—Tatooka' (UA) (2d wk). Week March. 17 Paramount— ' Dame' (Par). Capitol —Showofl' (Metro). Strand-'-'Wonder Bar* (WB) (3d wk). Rbxy—'Coming (Pox) (16).. Music Hall — 'Spitfire* (RKO) (2d Wk). Rivoli—"Liooking for Trouble' (UA). fZ Pictures 'Catherine the Greaf (UA) Astoir (3d week). Cross-Pkbtnig of Fw^y Puts Ikatresin NAHe of 11^^ Ontario. Exiiibs Hope ^oyt Tnk Gu^ Right Ottawa, March 6. Revenue derived through the amusement tax from theatres in Ontario laiBt year totalled $964,5dl which was , about equial to the. rer turns for tiae previous year. With the upward trend In. bok> office, grosses during the past cou- ple of months, the Government has estimated 1934 ."amusement tax reiv- enue at $1,008,000 or 11% more than the 1938 Intake. ' Theatre owners are .hoping the Government gets -the million-odd because; the business will also get Its share ,of the prospective Jn-^ crease. Inconioratioiis N. Y. Ushers Talkms TiHsatre Waft-Out, Bnt Nb Strike Yet high levelEi. ^ , ™ * I nhkllng of what fipxixie and early ;more Friday on. the General Electric business wlU be must cbme news. The we$lc seemed to. .be. oiiel befoere there' Will be any big up of backing and filling. Some held | swing, to the view that the market acted | Though the bond market stopped like an nrifavorable piece of news Jits steady climb towards higher was overhanging the Street. Cer- levels this week, the picture com tainly neither the bears or bulls paAy Hens istood up well, a big ma- were unduly.aarbig In their, opera-I lorlty ot them showing gains. Para- tiohi save possibly on that Monday, mount 5%.'s went? up to 48% and Both sides seemed to be awaiting closed" for a net gain of 3% points* what President Roosevelt has to say less than two points from the year's In his radio address to NBA admin- high. Warner Brothers 6's also rose letrators this Monday (5). Wall 2% points, closing at .PB%, Para- Btreet hopes; he -wiU reassure busi- mount-Lasky and General Theater liess men of more caoperatidn be- Equipment bonds also were strong tweeft Washington, and those who] features in the amusement^ group, flu the. pay envelopes. \.l.o^w and Keith Jiens closed prac- StrbnB-Front .j.tlcally unchanged-, around .their old The amjuseinent stocks Offered .a strOng ' front almost from the first of the week. While increasing, the General .filectric dividend frorti 40c to 60c'annually was far from being as'.big as! some' of the recent dlvi ;dend: .boosts, it. plainly reflected a pick-up In business both, jhere and abi'oad for this company. Whose ^operations are. npt .confined alone to the United States.' The common stobk made a net ga;in of 2% pointtf on th6 nfewd, being" turned over Bi big Volume, Saturday if touched 23 •■ before rj^c^^^^ '^ fi.ctly\iy:,iii ih^& Patjie stocks Was ^oixiewhat" ^^minisc^rit i^,of the . ol4^ days" b£ Radio. The common made' a'new high on Thursday at. 3 %, &nd then, cafme back the next day for.jan^ other 1934 ;top .at 4%^ Pathe. Class A, duplicate^ the perforniance, hanging up a neW mark, at 20% and then' pushing /through on Frida,y- to 2%%,. Interest in these Pathe stocks, particularly the Class A,_ which wpul'd be flrst'to , benefit,, undoubt- edly was agalii whetted by the re- port that its holdings in a film man ..ufacturing-process company were cbnsldired^^aluable.=^"===^ LoeW's also was In demand, more thftn J.00,00.0 shares changing hands and the stock running up about two p.oint.s Ittte In. the week. It closed at -32%. after eniiDuhtering pressure as it neared 33. After acting: sloppily . the previous week» Paramount cer- iUflcates on th«) big board reversed the trend and cairie back with a net Increase of haiiC a point after touch Having paid little attention to the publiciity of the Theatre & Amuse- ment Employes Union in. connection with a proposed strike of ushers, doormen, ticket takers and Janitors, major theatre operators are await- ing a report of the regional labor board as to whether the union has representation or not. Prior to attending a hearing be- fore the regional labor bojard; last week, tiie theatre operators had given, little attention to the' quesr tlon of aii ushers' walkout. So far as they, could learn,, their, employees had little to do with formulation of plans for a walkout. T-heatre men largely accept the union move as an effort to incept ushers, doormen, Ucket takers and Janitors into uhloniBed ranks. At the- Music Hal] It -wt>s said not a single usher, door- man or Janitor was a member of the union or admitted to having been approached. Major Iieslie B. Thompson (RKO), C. C. Moskowita (LiOew), WiUard C Patterson (WB) and Jack Bannan (Publlx) represented theatres at a labor beared hearing at which the union had indicated It w&nted higher salaries and jshorter working hours for ushtes, doormen, etc.. All this help is being paid a minimum of $16 weekly under the code. ° Iii some theatres, suoh. as the Music Hall, they are pioid above the code. Union on Saturday (8) com plained ushers' were being inflU' enced' to resign'from it, naming LoeW's. C. C. Moskowitz denied Loew's'wlUs rewohsfble for any res 'ignatlons.' ' HiKh. 17%: 17% 2S% 24% '•849*- . 4% ■25 m. 4% 21% 0^ ■4% 33 47% • tow. ■3>4 , .•2% .23 I09i 70 12IK 18% 20. 26% 7a 21 1% 1% 10% «% . 214 10%. 4% 86%. SumWiafy for Weejc"trfdinr M*^^^^ STOCK EXCHANGE StAtA. iBBtie and rate . , ^iKb; .'^,800 Am'<iHcaiH'-SMt:'i:.'i...:.>t...;' : 8,'8O0 'ConWl,. Fllfti. it '4% 1,000 Columbia PIct., c'tfe.... .... 24% 4,000 Cor.sol. Film, pfd, (60c.)10% SiSOO Bastman Ko4lak (8) WJk 9,700 Fox,. ClasB' A. :.........>..'■.. ■ 1S% ]i8.200 Gen. ^lec. .(60o.).. 28 ' 600 Keith pfd,;......,...'; 26 86,200 xo^w 82% - - - —- 90 8% 200 Het-O-U; pref. I.......... .•...*'...,....«...... '400 Do ptef.' .(G%).; i • . ()00 .Madlsop^ Sq. Oarden (1,89)..22% 77,400 Paramount-Pu.b. ctfa...i...«;.. 6% 86,000 Pathe Exchange 414 42,700 Pathe, Claes A. 103,800 Rfidlo Corp. . ..«.•..;.,'.>..'•••..... ■' 8% 41,700 RKO .......i....•».•#....♦ 4- 50 TJnlveraai pref.......».:....».••• .28^ 41,200 Warner Broa.;...... ■....»• 7% 33,800 Weatlhghouse 41%: < Fatd this year. 11% 8% CURd d,0(M) Technicolor ..•••>••»• '700 Trans L'ux (I0c.)......'4.,.«««^i. 13 3% 1126,000 Gen. Tliea. Ea '.06 61 17,000 Keith O'a, '46 0(J%. K! 45,000 Loew 6'bi '41........ 93 86 23,000 Pathe 7*8, '37....... 50% 29% ■ 36,000 Par-Fani'-Laskjr «'B, f 00% * ^20%^—02;000 Pin'*Pub-fi%'«, 'BO;.. 38 18% 2,000 RKO debs Cs 60% 40% 164,000 TJiftmer Bros. 6'b, '89....^ » • • * i » k • ■ vvr Bid. OVER THE COUNTER, Y. Boxy, Class NEW YORK Albany. Sylvan. Amosenieiit Corp.} pictures. Pl*y«, etc.; capital stock-, 20(f. sbares, no par valne, Harry H. Levlne, Alice Xevin and Jules SchlasaherK, all ot 621 Fifth avenue, New Yotlr. Film Knwistock.Cerp.; picture.business, capital stock, 100 ataareis, no par value. Anne Eichel, Belle G, EialatbW and June K. Rothmfin, all of -14SQ Broadway, New York. First ChQinpIalb PriOdaclnflr Corp.; pic t\ire8; capital stock, |100,OQ0. Benjamin B. Burton, 63 Wall street; Charles'W. Rand, 1660 Broadway, and. Shirley M Sullivan, 308 Bast 79th street, all ot New York. •. Harry .Dpi^el, Inc.; business of mu'slr publishers, . etc,: capital stock, .$20,000 ; Harry Engel, 719 Seventh, avenue; Jacob Rudd and Jean. Perlmdn,, 646 Fifth ave nue, all of New York.. Ooodstr AmneenienC Corp.; amusement devices of all kinds; capital stock, 200 shares,. no par value. Jos. Bonslgnore. 2902.West 17th street; John D'Errlco, S Pennat court, and Jos. RaBtaiio, 228 Montrose avenue, all of Brooklyn. ' Cronate Corp.; pictures^ plays, etc. capital stock, 200 shares, no par vi&lue Michael Halperin, Robt. Morris and Leona Friedman, All of 621 Fifth avenue, New York. ■ New Facen, Ipc.; pictures, plays, etc.; capital stock,, 200 shares, no par value. Walter .T. Keeley and Herbert R^ Berk, 651 Fifth avenue, and .li. Frank Bnron, 101 West 66th street, all of New Yor'.:. Ferbly Corp.; tickets for amuaemout places, etc.; capital stock, 10 shares, no par value; Lillian Baker, Louis If. Tamarin and Solomon H, Frelsner, all of 41 Park Row. New York. miiy Roae'0 Mnsfo Hall, Inc.; restau rant and cafe business, plays, etc capital stock, 100 shards, no par value. June K. Rothfiian, Jule Cone aAd Betty Black, ail of 1460 Broadwaly, Ne>7 York. 6Rth Street Grdnp, Inc.; pictures, plays, etc.; capital stock, 100 shares, nd pat vialue. . Paul J. Fowler, Samuel - Seam'on and Eldw. Orebs, all of 140 West 42nd street, Now York. ■ ^ . iBtatement and .Desionation. liberty Plctura Corp., LbH Angeles motion picture productions, etc. New York ofllce. 1776 Broadway. M. H. Hoff- man, president. l.OOQ abareo^ so par value. Filed by Meyer H. X.avenateln 1776 Broadway, New York. O. O. CooB, IM., Slkhart. Ind.; mu- sical instruments. New York office, 117 West 48th street. Alfred L; Smith, vice president. $^1,000,000. Filed by . Smith Mt Isaacst 849 E:ast 49th street, Bronx. Dissolutions Adirondack Amnsemenf CtK, ' Inc, Boonville. Filed . by Albert V. Moore, Boonyllle. Change of Name From- Harold Stern,? :Ihc., to Harold Stem drchestrsfs, Xno^ Filed by Irving H. Lees. 22 Bast 40tb street, New York. From Triple 'S' Plcinres Corp. to Mutual Pictures Corp. Filed by Marks & Marks, 636 Fifth ay.enue. New York. . . Memberships. lil'atlonal Ballet Association, CALIFORNIA Sdcrament'o.- Y(wk Theatres, Ino; Capital stock, $20,000. None subscribed. Ben Gotild,' A. A. Goidetone. 'Berhardi J. Leavltt. Harman JflI ng .PiotnrdSi Inc. Capital, stock, $7E,000. ■. ffbne subscribed. ' Hiich Harman, RuddU C. Isllng. Gor d o n ' "W TllSori.. .Globe Frodnotlons, Inc.' Cai>ltal stock,- $1,000. SUhscribed, $30. Ji. J. Darmour, H. C. Hopper, Xt, Jlli. Johnson. Western SIiow^, Hie. Capitnil stock, 2i600 shares. ■ No-stock subscribed. Ray .Davidson, Lloyd Mitchell, Li. Van Slyno. Mission Opera Assn. No capltail stock. F. Fl Gualano, Mrs. VS. B: Clarkt Vincent SchHted, .Ij.: H: liubrecht, W< B. I^ns- ton, F. C. Galloway.' Hollywood Chinese' Tit'eatre Operating Co. Capital'stocw; 1,000 shared.' None subscribed. , Joseplv..'.iM. Schenck,- Lou. Anger, Charles P. Skouras; Charles A. Buckley, B. C, M. Prodnctlons, Inc. Capital, $26,000. No stock subscribed;. R, C. Mercer, A, VanBeveren, James Handr inne Arts Pictures, .inc., Xtd. Capital stock, 1,000 snares. None subscribed Bmest W. Pitney. Mildtred Rock, Martha Thorne. Hallam Cooley. Agency, Inc. Capital stock, 100 shares. None subscribed. Hal lam Cooley, Irene Malloy, Josephine Trlplett., Florence Theatre C«»p. Capital stooki $26,000. None subscribed. Fred W. Siegal, Myrl Fiehburn,. John Marshall Permits to Sell Stock Hallam Cooley Agency, Inc. Motion ."prcture^prdau"clibnB.~~To IssUS'^fiir^f capital stock, 100 shareB, no par value. OKLAHOMA Oklahoma City. AtUM Amnnement Co., Stillwater, Okla Capital stock, $6,000,. ■ Incorporators, Joseph H. Cooper, New York City. Ray 4H. Ruas,. StlUwator, and—Pat-^-McGeei Oklahoma. City, Okla. '' Inra Amusement Co., Okmulgee, Okla. Capital stock, $6,000; incotliorators, Pat Mc(3ee and J. H, Everest, both Oklahoma City, and Joseph. H« Coopier, Mew York City. Recurrence of the cross-picketiiig b£ theatres by New Tcirk Opera,1;or^ Local 106, »nd Its adversary year ago, Smp'Ire State Operators, which resulted j|n months of dam« age to theatres which could nothing, ahout It, Is being staged in tke union squabble between .306 and Allied. Operators.. The latter union, - organized closo to a year, ago at the time the Ii)ide« pendent Theatre Ownei;s of Amer^^ lea . came Into existence, decided to; copy the manlier of attack ettec> tlyely' used by Empire before a truce was reached' and on Thurs* day .(1) Allied pickets appeared In ^ront of all the 'big downtown Broadway houses which employ 306 ' men. Instantly the older union, 306, which is chartered by the A.. P. ol L»., started to picket houses- which have ..Allied operators In thelip booths, rii the downtown Broad*, way zone tiius^ Include^ the CrU terlon and Globe, both operated by indepohdents. Theatre operators immediately became furious at the'cross-picket- ing. Their position Is the same as It was during the old - 306-Empir«.. tussle, with the operators picketing theatres In a fight that is strictly between unions rather than with the theatres. usio Hall, Par, Cap Appearing in: front of such houses a;s the Music Hall, Paramount and Capitol, which employ 306 operators under yiearly contract, the Allied pickets ate carrying sandwich cards that, are branded as insurgent and creating an entirely erironeous im-! pessloh with the public. The Allied sign reads: ^An appeal. Do not patronize this theatire.' It's^man^ge^ meht does not employ 'union opera.-, tors (and below that line In smaller type), members of*A.lUed ajperators.*' .The 806 pickets .are going after Allied in a different manner, its signs stating that the courts. hav«| branded Allied as a company unions This occurred a few weeks- ago In ' the Supreme Court, with decision upheld by the Appellate Plvisloii, as. one move of 806 . leading up to trial of its 11,000,000 damage euit againsi the ITOA, its theatre owner members and Allied Opera- tors, on grounds defendants have conspired to injure 806. COURT WILL DECIDE WB FRANCHISE CASE Minneapolis, March i. -, it will devolve uipon the federal court here, to decide if a clause pro- viding -for arbitration, -in case of failure to agree on prices, invalid dates a.lO-year- fra,nchise for WaiPi* ner; Brothers'^ pictures -still having six-years to run. As a defense to terMi|n£te the franchise, .Warners* dOfendant-B in- an -aotlOn -brouigM' by the-Albert Lea, Minn;, Amusement .Co>; to compel the local elcohange to deliver its product, claims that the arbitration clause renders It'lnv^tUd. Split came" ilils^y^^ tb* pities, .could - not aerree on .prices and,' In -the face ot such inability, Wi >B. declined to deliver • pictures to. the company's theatre. First round was won. by W. >B. laBt Week when Judge - Kordbye,. lit- federal court, denied plalntifC's petitioA^ for an order compelling; delivery of 'Footlight- Parade.' ■ Instead, the court.-^rul^d that the case should be tried, oh its merits this week.. The amusement company received the ifrahchise In return for the sur- render of. certain shares of Fhrst National stock as well as other con- siderations. 'Warners 'asked the theatre company 40 percent of the> gross for 'Footllght Parade.' Thei company countered with 20 percent. L. A. tp N. Y. : Charles P. Skouras. =MaJor^ Albert-=Warnerr ^-^^ John Zanft. Max Prledlander. Bernard Zimmer. N. Y. To L. A. Jules Levy, Joe Rivkin. John Schult2.