Variety (Mar 1934)

38 Vasiety PICTURES Tuesday, March 13, 1934 Stock Market (Continued from page 6) able earninss istatement, it pre suinably having: been well dis counted. The game appeai-ed to bo trut> of the Consolidated Film stQ.tUs. though the common did maivnffe. to; wind up with a gain Cadlo was down nearly a. point at one: time during thie week and wound up with a throe-olghtha.loss ■at S. JlkO off to 3% but closed-Jo? '^^'^ gains on the week. AH with only a fractlona' loss at .3%. tVarner Brother's common was a bit ak. It ended with half a point heavy volume.. The, pre- rred stock remained linchiihged at 1/.., oth liastman Kodak and West 1 house showed heavy losses, the former selling at 83% 'at onb time and closing at 89 where it was of? 2 points. Westlhghouse dipped tci 37% before !t met ;^vi.port. It fin ishf'd with a net loss of 1% points at ."914. , General Electric Xav <1 a little better, winding up at'2i2 or : tJiree-quarters for the week, hiis, despite the report that usl- ness of the company is "running S0%. ahead of last year in dollar volume. athe Exchange, which lioUls a substantial interest in DuPont Film Manufacturing Corp,, maker, of motion picture films, reported a net pvoHt of $3^61629 for X933, after taxes, . ahiortizatlbh and deprecia- tion oi costs, of properties. Interest expenses, coinpared with a net los^ of . $109,834 in 1032.. Profits dropped off the latter, part of the year as is shown in .the net profit of only $17,341 during the last 13 weeks of 1933. This favorable rb port undoubtedly has been dis counted but . many in the market look on Class A stock with favor. Consolidated Film Industries and flibsldiarles: in theif annual report show a net pi-oflt of $909,338 after depreciation^ interest. Federal taxes, provision for doubtful ac- ,. idle plant expenses and. oth- er cbarges. The net for 1932 was $862,223. The 1933 net profit equiA-alent to 21 cents a share on 524,973 shares of common stock afr- t'er .innuial. dividend requirements on only the: $2 cumulative pai'ticN' pating preferred sjock. This com- pares with 12 cents a share of com- mon .in the previous yeaf. Bonds' An outstanding development in the week's, bond market was the sudden strong deinand for high-grade cor- porate issues. This, of course, comes as {^ result of progressive reduction .j^^sjiort term money rates. Initial ; «y|^hce that money waa becoming ' ; b}|t4aper come out on Monday in . the ' 1>ids submitted for an Issue of $100,- 000,000 ti'easury bills running for 182 days. The average rate paid of 0.43 percent is the lowest received on any type Of security since No^ vember, 1933, when Ol-day bllls sOW at the same discount. A lowering of acceptance rates on Thursday re- flected a shortage of hills and ex- cess of reser.ves at PediBral Pvescrve banks. The week .saw the long- term corporate i>6r,ds of highest grade-selling threuaJi their old. 1934 higlw, and this brousht .a Ijot.tcr de- mand for the .next gtado of. .I'ail. utility .. and industrial 4ssu'es, Unfortunately few of the aniuse- ment bonds reflected this demand^ oijiiy :Pathe"7's and. Loeu- C's show- Paramount obligations slipped off, as did General Theater Equipment Keith and . Wtnner reniahied un-; eiianged- ParaiTiount Erbadway .Vi'^ sold dbv/h "to 22% befor galnin support and wciund. up at ;334i, ofi 2Vi ppints}, • .Paranivuiit-Fanious Lasky 5*3. were .oJX I H vhl.le Para mount-Publfx 54^ certificates closed with a "net. loss of-two points at 45 Warner Brothers S's was a favorite, sparing to. 67 on Wednesday on large '.volume. It also was churned In big quantities on Fi-iday, . being one of the-moiJt active bond issues The close .was at 53*,a. .Loew's lieiis were, mb.st active on the upside early in. the week, but the, bonds made only a fractional net. gain for the week.' Anolher •development as a result of the admlnistt'ation plan to cut hours and .'hike, wf^ges was the mod- erate flight of capital from the tJnI- ted ' States' to Canada and abroad This movement, as yet has not de- veloped :^ to larg^ proportions.. It appears 'that its continuance will depend on internal policies-and tlieir celatlon to l>usine.ss in this, country. This is ;.a revefsal of the trend, for capUaPhas. been coming to'the Uni- ted States of late, attracted no doubt by the safeness of invest- ments as wellas a desire to pur- chase stocks .before inflationary, moves'really were felt in this coun - try. But uncertainty now as to how far; the government plans to inter- fere in privtlte Industry and how much a company is to be permitted to earnv-has,-for'the time, changed the .picture. Generally .favorable trade news Including a carloadings' gain tliat for-ihe first time exceeded the like |>eriodin.i9a2 thus tar has left trad- ers £ord. -Ifntil more encouraging -news comes from-Washington and .the stoclc exchange bill is .out of the way, m> real ^fbrward push is an- tlclpatvd. -The - increase ' in gross sales malt order'^'hotises and vfaain stores is believed to reflect the greater spending /.power in the farm belt. This in. turn is expected to show up also-in the amusement business which may be - why most picture issues'have-put up such, a strong, front, " The;.two distinctly, favorable earnings 'statements of the week did n6t change this-sentiment. Although flnances oC some companies are not the best just now, a sharp upturn in-i-business this spring, and a mild sumraer might completely alter the outlook. -As witness 'the improve- ment shown by companies selling to the- middle class or by mail order. Mixed' Up Los Angeles, March 12. Exhib with a house hear the Mexican border, and who speaks .only broken Enjilish, startled film rowltes herb by asserting that the schools, in his town closed and teachers and parents gave him every co- operation when lie screened 'Elysla,' Asked how he did it with the niullst picture, exhib hastened to explain It' wais Paramounfs 'Ely.qia in Wonderland.' Foy's. 'Sterilization' By WaQaoe Thunmui Miss Cbnover Spotted Holly wood, M;a r.oh 12. Theresa Maxwell COnoveV. legit, gets a featured pa.rt. with Borton Churchill and Joel McCrea iii 'Alias the Deacon' for Universal.. Spencer Chartres and Ale.xnndra Carlisle also set in cast. .Mabivgar- rie Brothers set the Conpver deal. icture due to get under way to- day (Monday). Hollywood, March 12. Bryan- Foy, who returned from New York last week, Is set to put into work shortly 'Sterllizatioh' at his Culver City plant. Story is by Wallace Thurman c:lored writer, who wrote the stage play 'Harlem'. Thurman came wes with Foy. hcorporadoBs House Mgrs. m Air Syracuse, March 12. ilanagers of major fiini. houses liere are going to be given the air by WSYR. , Cinema Critics Club, sponsored by the. iSyracuse Herald as a. fan organ- ization, will present the. managers In a series of broadcasts over that station. Lined up for the series are W. J. Tubbert (Keith's), Harry F. Shaw (Loew's), Andy Roy (ParamonQt> and Gus W. Lanipe of the Eckel. 6IASM0N-J0SEPHS0N OUT Hollywood, March .12. lasmon and Julian sephson are-oflt the. Paraiiipunt v/rit- irig staff. They finished with the adaptation of 'Lemon Drop Ki Radio Buys 'Fountain' Hollywood, March 12. he Fountain,' stage play orlg Inally bought by. Metro for Alfred Lunt and Lynn Fontaine, has been sold hy that company to ."Radio; Latter company intends to use It Cor Ann Havcli Stocks Sumpiary for Week Ending Saturday, March 10 STOCK EXCHANGE 7% 5-!i 27% irv-i 03% 2i3>,i M% ItlVi 4% I.-; 21% aa 8Vi 24% 47% ' Low. Sales, Issue and rate 814 2,700 American Seat Zhi 5,800 Consol. Film;. 23 1,800 Columbia P. vic; 10% . 6,000 Cohsol. Film pM., .I'oc 70 4.400 Baistman Kodak (8).. .12% 2,300 Fox, Claas A.. ...... 18% 60,700 Gen. ISlec. (COc.)...... 25% 47,100 XiOew (1) , 72 400 Do pref (O'l)..... 2% 300 Maidlson Sq. Garden., 21 400 Met-Q-M pref. (1.8'J), 1% 83,000 Paramount ctts. 1% 29,400 Pathe ExciinrBe *"li'222 PAtbe, Claos A.................. at 14m2 n^n Corp...... oxaSS Unlvereal pref......,.»...i...., 32 ^*'222 ^"»or Bros- • • • " 7 li^ „P<»..P'2 20H 85% 23.000 Weatlnghbuee 40% HJurh. Low. 4% 44 sr.. DO l.'M I ... B * ... 3"' - 23 4 ■ 8%' S% 24','-. si;--i 141' 2t ; '.i i» ( ■ 3V , •>•> 8% 18% 3%- ^% 20% 87% -1% • Paid this year; Technicolor •T.raiis I>uk, Ct'rtB BONDS •40.. Loew 6'8, '41... Pathe rs. '87..^............... Par-Fam-Laeky 0"s, '47 Par-Pub 'ud. ctfe......... Warner Bros. O's. '30. Par. Broadway HYs'b. OVER TlJE COUNTER, N. Y. Boxy, Class A, pfd De Forest Phono........ .. O-V 01" i 4.">Vt> 4.') OS',; -1% -2^5 NEW YORK Albany,. Maroh 12 CtmUm Ma«Io Hall, Iw.. New\n... Ploturofl, puy«, e™oI5u;i .took °sSi Bbarea, no par valueT Frinoia Sf Christy, 44 GracS court, Brooklyn. A?' drew Jackson, 66 Oast 76th etreat York, and Rudolph A. Traver" l4oi vl7 verslty nivenue, New Tork .Mf lo-Art Uotlo PnUbhInr Ca '■ printing and publlshlnff of nuiBlcal r^^' Dosltlons: capital stock. loO shares par value. Edwin Gower, Jos. SclUuesel New York."'''"'"' Broad"va?! ^«-» construct rides, alldes, ehows and wmea of akm* capital stock. 16.000. a^/^r'wi, mi .Surf avenue, Coney Island; Predwrlek- Lafojid. 2401 Newkirk avenue, Brookly^ Brooklyn. -391 yulton "ffit: KatloBRl Color Motloa Plctarcs, lnp . fferteral photographic business; xaDltal stock, $100,000; Urban A. TVroodbiiry'^253 West 73rd otreet; Peter P. Jones. 414 at Nicholas avenue, and Jos, A Cole. 252 •West 73ra street, all of NeW York? ' ' Hnnnon Taffn, Inc.; pictures, plays, yaudevllle. etc.; capital stocky lOO sliaree no par value. Nathan E. Percy, 206 West 88tU street. New York; I^wrence a Tlmen, 628 West ipist street. New York.' and Bunloe Slpnlm, 819 Sutter avenue. Brooklyn. ' . Asntty .. Amusement Corp.; pictures', vaudeville, etc.; capital stock, |6,000. Rose Mehderlan and Anna Slnanlan. of 389 East 2lBt street, and Frank Mendel; 230 West 42d street, all of New York. Palestine .^niertran Film Co.. Inc.; pto« turas, vaudeville, etc.: capital stock, 200 share.<i, no par value. Jos. Fox, 30 ITatnlhon place-; Abraham Bloom, 630 West 3:16th street,, and A. BenJ. fried., riinn, 80 Bvoafl stieet, all of New York; 1114 S)irf Ave. Corp.; amusement de- vices ot nil hliuls: capital stock. 200' ihares.- no par vhlup. D.^vld RODen. Id* Rosen and Lenh Rosen, nil 6£ 3780 Surf avenue. New 'Vork. Rdftensteln Amnpenient Corp.; pic-< tures; capital etook. jn.OOO. Snuuuel Rot- tenisteln, 1216 Arar.or avenue, Bronx; Sam Rottenatein, J ST" Carrol street, i Brookr lyn, and Roie Holjk, 401 East 6Gto street, New TOrli. Amerlran Rav Re<>reittlon9. T.td., Bnf. fiilo: operate. v.c>orts. etc..:. .capital .stock, ^2D,0nO: Wiln-irirt "VV. TMoElroy, ^CVllUam .T. >fcBlroy nnd "Walter F. LaVelle, alt of Budalo. Statement and Designation Fainons Thentrea Corp, 100'"West lOth street, 'VVlImlnirton, Dei.; securities. New York office. ir>01 Broadwayj Aiiatln C. KeouffU, secretary: $6,000; filed l>y J. D, Van 'Wafroner. New Yorlc. . t iShange^f Directors, Prbvi ioM»i Ete. Thentr<» rrinters. Inc. ^ Fibnlnnd .Press, Inc. MembershipiB . Bocklnnd Coonty Tlientre I,eiisiie, In CALIFORNIA .5acrnm .Permits to Sell Stock. Florence Theatre Corp.. motion picture rentals,- To issue 300 shares of 26,000« par value $1. Calirdmla Stndiea, lac, studio renting. To Issue 1.000 of total of 1.960 shares of preferred stock, par value $100, and 2,000 shares of common out of total of 3,920, par $1. B. C. M. Productions, Inc. Motion pic- ture producing. To Issue all of 269 shares, par $100. r^nipton Thenrres Corp.. To opetata m. p. theatres. To Issue' all of 100 shares, no par. Snnrlse Picinres Cori». of Holl.vwood. 3tlotlon i)lcture' production. To l.ssue 40 shares of total of 2.''<0, par Value $100. 'MZYSIVEB'S' SONG Metro is Inserting a musical num- ber into 'Lazy River,' fonnerl known as 'Louisiana.' Purpose i mainly esploltatlonal. Tune ■will be title". 'Lazy River Love Song' so that no. infringement rights of other 'Lazy River* aOnga are violated.