Variety (Sep 1935)

Wednesday, September 18* 1935 Stock Market (Continued from pkge 6) Issues soaring to highest 1935 prices, ...the. Amuj5emfiJU.-.Group-registered a new high for past 18 months a,t 36%. Group closed the week at 36, as measured by the averages for 12 repreisentaitlve issues, for a gain of 1.12 points. Low level was ■ptlglitly-tt&ovs iS4%. Industrials hit 136.06, as measured by, Dow-Jones averages, making a new peak for this group in 1335. Bu,t IndustrlEtl group, never, recovered 'froiri this strenuops upswing, dr'op- ?ing doja^ajL-aucci Elng_iagjLn_aJl-aucCeftdlnc linyH to- JiVhlch ffioiind np.t.hfi w.e£k-on-tnp at--?*»-«>nv«—i™--nmT^-tK~-*i!swmTO~?rw finish at 132.91. an advance of only 94. up 1 point. The second pfd 0;43 for the week. Because Wednesday's market went above the crucial 135 mark in industrial averages on trading, con slderabiy in excess of 2,000,000 shares, chart readers looked for a.re- actlon. Which actually carhe with the value of stocks dipping sharply the following day, and then develop- ing irregularity and mostly lower prices in last two days of weeki Only the fact that volume fell off heavily on the decline led observers to think that the reaction would be held within bounds. Manner in which amusements held fairly steady in the face of this reversal was taken as ah optimistic omen. Most of the Issues hung up their new peak prices before the reaction, both Warner Bros, issues, the two Paramount preferreds' and RKO being exceptions, with beat quotations coming on Monday (16). New Hi Stocks to hang up new highs and the new levels reached were Ameri- can Seating, at 13%; Eastman Kodak,, common,.at 168%; Loew's, at 45% ; General Electric, at 35; Keith preferred, at .76%; Madison Square, at 10%; Paramount first preferred, at 94; Par second preferred; at 131%; Radio common, at 8%; Radio B, at !58%; RKO, at 4%; Warner, Bros, common, ^.t 7%; Warner preferred, at 46%; Westlnghouse common, 80%; and Trans-Lux, at 3%. RKO debentures, only amusement lien to show an ^advance, niade a new peak at 71. Warner common was up a point at the best_ price and nearly that much on the week. Preferred issue showed an advance of 2 points net, after going tfp 3% points to 45%. Radio pfd. B, always al fast mover, shot up more than 6 points during week as it Went Into fresh high ter- ritory for thfe yeir. At the close. It was down more than 2 points from the peak but sported, a gain of 3% points from previous Monday's close. Radio common stock, which was all over the tape Wednesday often In blocks of five to 20 thou- sand shares, forged ahead to its new high on triemendous turnover. Slipped back near finish to show fractional loss. Columbia Pictures staged a nice come-back to 6i)%, presumably oh tho excuse that stockholders today (Wednesday) would likely vote for Increasing outstanding stock to 1.000,000 shares, thereby paving way for stock* dividend, Issue retreated in Monday trading, but still was .ahfiad. on.. thei_weeku—i „ Keith, Pfd, Spurt* Of the preferred Issues, probably the greatest Improvement was rbade by Keith, pfd, which plunged ahead to 75%, highest point of yeisir. It boasted' tt gain-of more thaw 'S twihts' at this level. Piaramount issues staged a brisk rally Monday (16), the upsurge tak- ing both pfds tp new tops. Biggest advance was made by the first pfd. (Continued Irom. page 1> by managers, would stand. At the same time, it waa believed on au- . ..thorlt]i::iliat aft6»wj«dd-l>e~aereeable: to this kind of an otter. Graded 3 CUssei Under the <wb-year'contract ex- pected, which would probably be retroactlye to ,Se)pt. 1, theatres are 'graded According; to policy, adtnls- slon price and ri|n. There are three classifications, top being the big houses of the Music Hall, Capitol. Paramount- type, for which .mana- gers would be willing to increase moved ahead to 13% and finished with an advance, of 1%. TJniyersal pfd climbed up 2% points only to fail off to lowest price of week .at 34. This gave it haliE a point net gain. Eastman Kodak common and Westlnghouse common both felt thje big bullish wave that swept the blue-chip stocks' forward. Fornier soared to 158%, and snorted a 6- point gain at the, blow-off. West- lnghouse issue wag up 7 points at Its new 1936 high, but dipped to 76% In .later trading, but still ahead 2 % points. Preferred of this company went to 118, a gain of 3 points. East- man pfd was lip 2 points to 165. It was hard to obtain a clear pic- ture of Paramount because the statement listed. estimated earnings at- $760,000, but this was after ex- Tjenses, estimated Income taxes, In- terest on, new debentures of the company, bearing Interest from Jan- uary 1, and. reserve for losses of the Paramount-Broadway corporation and companies inactive, or whose future status Is uncertain. Effort to compare with the. first quarter stJitement also was not easy because losses on all inactive companies were not Included in the estimated earnings of $1,472,000, while for- eign exchange adjustnients were Jh-. eluded, something not done In tlie second quarter estimates. Warner Bros, common gave little evidence of being tired as a result of three weeks of steadily advanc Ing prices; spurting ahead^agaln in Mc.nda.y's sessloni Loew'a common which pushed up to a pew high at 45%, and equalled this top Monday In the face of general market weak ness; iias also moved ahead for three weeks in succession. After two weeks of advancing vfllues, the new 20th Century-Fox common slipped fractionally last week. Tet, It is more than 4 points above Its low of 13, Numerous market observers ex pressed, themselves pleased with the way in Which stocks met proflt-tak ing and short-selling pressure to- ward end of week, particularly oh Monday. These do not think that thf present. reaction will exceed moderate technical proportions They are backed^ in this contention by the fact that volume slid, off considerably on the decline. These traders also point to the way trade Indices continues to mo|ve upward steel operating ra:te alone .slipping slightly as the present week opened Operators agreement. Next class are the in termedlate theatres, such as the first run neighborhood houses, third class being the smaller grinds. Heretofore, de.Iuxers ha,vlng been paying one scale—$61 for a four- day \^eek-^whlle all others, regards less of run or size, have been pay- ing $64 a week. There Is no known argument over the ciassiflcatlon sind. grading but one point which remains to be settled is how roadshow theatres will be graded. Question as to whether t^e" Astor, only two-a-day house ai present In New Tork, would be placed on an hourly basis or so much .per performance was brought up during the past week but not being of crucial importance, this matter was temporarily put over. On Oct. 10, the Hollywooid (WB) \vlll also fall in the Astor class. At Astor, booth is now.cost- ing around $600 weekly, with two men fh the booth each receiving. ^18 show. Summary for week ending Monday, Sept. 16: STOCK EXCHANGE Uleh. Low: Sales. Issue ond rate. HIgti. 13% 4^4 4,000 American Seat *WM 81 84V4 J!,000 Col. P. vtc. (l)t 69% '514 3% 8,700 Consol.. Film.;....; 4% 22H 14% 7,500 Consol. Film pfd. a%)t 17% liiftli 11014 3;U0O Eastman Kodak (5)1.. •....•i58',4 104 141 10 Do. pfd,. ..155 88' 20',4 100,200 Gen. Elec. (80c,) 'Za 73% 34 200 Keith pfd. (7) •75% 45Vi 31% 80,100. Loew (2) »45%, 108 ,102 400 Do. pfd. ................ 100% 10%., 0% 2,1)00 Madison Sq. 11 8 eU.SOO Paramount ..... 10% M 84 • 4,000 Do. let pfd..*04 18% 9% 70,000 Do. 2d pfd...........,;...... •18% 7% 0 9,800 Pathe Film.,.. ; e% mi 4 810,300 Radlb Corp....;....... •8% 62% 60 2,.'iOO Radio pfd. A (3%)?.....,....... B7 ' Cfl% 84% 28,!!00 Radlo:pfd. B............ . •68% 4% 1% 72,000 RKO •4% 18% 18 , 8,400 20th Cent.-Fox 18 2T% 25 0,100 Do. Ist pfd, 27% *0% 29 60 Universal pfd.... 80 7% 2% 05,000 Warner Bros •7% 45% 14% 1,580 Do. pfd...... ^46% 80% 8254 64,nOO WestlnBhousp (r)0c.)t '80% ItO 80 100 Do. pfd. (8V.:V. ........118 • New 1035 high. ' t Plus stock extras, t Paid this year. 1 Plus cash extra. 6,000 Tec'hnlcolof 20% .14,100 Translux (20c.)t................. *Z% BONDS Bid 80% 40% 02 07% 103% 01 03 20% 48% Asked. 40-}ft 05% $140,000 Gen. Thea. Eq. ' 17,000 Keith Oa, '40.... 27,000 Loew. Os, '41 5,(100 Par-Broddway 5' 272,000 P.irnmount Os,. ' 21,000 RKCl debs Os 370,000 Watnor Bros.' 14% 89% J04% 01 03% .07% 81% - % -1% - % - % - % - % +2% - % Minneapolis, Sept 17. A. F. L. union booth operators and Independent exhibitors here, after more than a month of nego- tiations, are stlli apart on terms of a new contract. The union's old contract expired Aug. 31, but the men are remaining at their posts at the old pay rate. Any new contract agreed upon, however, will date back to Sept, 1. ■The union wants a 10 per cent boost, but the exhibitors Insist that they canno't pay more than at pres- ent. At the last conference it was agreed that the union should be allowed two weeks' time to try to organize the Twin City lower loop grind houses which now employ non-union operators br nlen afflll- atedi with an independent union. U was stipulated that, only peaceful persuasion would be used and that picketing and force would be ta,b6o, Among the Women By The Skirt — The..Lo».-^IoltB,. Btosk -and-SviHy and; BellB -Bttker comblnmiOh "ai-e " at' the State for a repeat. Moore and Risvel, retained, are still the applause hit. /■ Eve Sully wears an entrancing pale blue gown. The dress of satin has an overdress of mous&lllne. Close fitting Is. the bodice extending to the knees with the mouselUnc flaring into a deep border. The skirt Is ■fllit-up thp front ;—... ■— —— .—~ : ,—; .— Miss .Baker Is in a silver lame gown made wltli a short cape lii red, caught at the throat with a diamond brooch. Miss Moore chose for her gown a French blue chiifon dotted In brilliants. A bow at the corsage was cerise. NEW PillHE'S 1ST DIWY First dividend of. the niew Pathe Film Corp. amounting to. 87%c. per share will be payable on Oct, 1, on the company's., $7 cumulative con vertible preferred stock as declared by the company's board on Thurs day (12). The dividend covers the period from the time of the firm's incorporation, Aug. 15 last until Oct. 1. It Is payable to stockholders of record as of Sept. 23, and figures at $7 per share per annum. • New in^.T hlih. t Paid this ycat Incorporations NEW YORK Albany. Sprtng: AmiiMmeiit Corp.; amusement .park.s, etc.; capital stock. $20,000. Louis Bernstein, Philip Bush and Irene E. Leder, .all of 2 Lafayette street. New York. flunotone Corporation of America; musical instruments of all kinds; capital stock, $6,000. Alice Brody, Fellx^7. Mc- (Jambley and t»regory_X!. Smith, all of 280 Broadway, New Tork.- Xear FIctnrea, Inc.; motion tflctures, etc.; capital stock, 200 shares, no par value, Irvlnsr B.-J. Levlne and Samuel ii'„^,Cohen, 170: Broadway, and Irving KlWn. 306 Broadway, alt of New Tork. Gillette Radio' Corp.; general radlb business; capital stock, $20,000. Beatrice A. Mallln, Leon C. Sachs and Morrl» A. Welner, all of 3763 90th street, Jackson Heights. . Mercantile PIctares Corp.; motion pic- tures; capital stock, 300 shares, no par value. Edw. Light,. 128 Fort "Washing- ton avenue. New York; Jeanneite Herz- feld, J1G9 Lincoln place, Brooklyn, and Betty Kramer, 46-38 48th street, Wood- sldc. Cameron's Clayton Casino, Inc., clay- ton; restaurants, dance halls, etc.; capital stock, 100 shares, no par value. Charles T. Cameron, Clayton, N. T.: Cammle Madden, 7360 Phillips avenue, Chicago, and Elsie Travers, 4309 47th avenue. Suhnyside. Kockock Studios, Inc.; stage furnlsh- itiea, etc.; capital stock, 200 shares, no par value. Arnold tjewls, (3eo. J. Bal- liach and Wm. W; Toung, all of 70 Pine street. New York. rulton Enterprises, Inc., Oneida: the- atrical bu.tlnesn; capital stock, $10,000. Myron J. Kallet, Madison Theatre build- ing, Oneida; .Sidney J. Kallet, .2403 Bast nenesee street, Syracuse, and Alexander L. Saul, 2411 East Genesee, strt, Syra- cuse. Tlmberg Offlces, Inc.; theatricals, mov- ng pictures, etc.; capital stock, 100 .<ihares, no par value. Lillian Hnlpern.' Bva Sussholz and Samuel SlmonofT, all of 23.1 Brondway, New Tork. Cllroin rictul-eR Corp.; motion picture 'The Big Broadcast,' at the Paramount, has a big name draw and Is a well put toge-ther reyue. Lyda RobertI carries off honors as far as clothes are concerned, a bit too overdressed maybe. A black long sleeved frock had but a huge clip as ornament. With this gown was worn a silver fox, made cape and stole In , one. Very large was the hat. An evening frock was embroidered in crystal circle design. A silver gown was accordion pleated In the skirt arid scarf, hanging across the neck and shoulders. Black chiffon was another frock with the sleeves and heck transparent. The high fur collar one associates with this irilss Is still In evidence. Grade Allen needs a stylist. Her dressing in all pictures remains the same. The tailored sult^, small hats, and fur stole could easily be changed to something more sma;rt. A lace dress and a. caped suit were the other changes. Mary Bpland was all dressed up in a dress of a dark material with revers of some frilly stuff. Kay Franci . To the Strand screen comes the glamorous Kay Francis with Genevieve Tobin, Claire Todd and Helesn Lowell In association. Title of picture is "The Goose and the Gander.' Irst shot a raft with Mlgs Tobiri in a tricky bathing suit. A buttoned affair over trunks. Miss Francis only half but of the^ water might have been nude. $cene shifts to a club dining room. ' Miss Francis in a shining satin fashioned with a liew neckline. Train consisted of a short sash. Very stunning. Showing as much flesh as Miss Francis usually does in evening dress. Miss Tobln fairly rustled in taffeta linings under a lace skirt Jacket bodice of black with a cute little bow. Claire Dodd In a clumsy affair hardly.-appropriate for surrounding*. Miss Francis flies away In ain auto In a ftlr coat with' fox collar. Miss Tobln follows In a short ermine Jacket. A cabin In the woods. Miss Francis in white aatiri pajamas. Knee length coat of a heavy ma,terial, belted at the waist. A cloth dress, with satin top follows. The Misses Dodd and Tobln also in' cloth dresses. .Roxy'a Presentati Gae Poster girls, at the Roxy,. ga two face In their fltst number. Frocks are black and white ruffled with silver edges. Poke bonnets are faced in pink, The second number finds five of the girls dressed-as tele- phone dolls in mauve ruffled hooped skirts. The others are In short baUet costumes while some are boys In salln tunics, all In tha mauve shade. Tricky little hats repose on their heads, Then some feather edged skirts with legs showing through the slit skirts add a startling effect A rhapsody in blue Is done in that color with the gowns shading from dark to light blue. The girl of Marchon and. Carlos Is In a white chlfllon gown with a back panel of d&rk blue. Jane Boyle sat at the piano In a white gown sparkling with brilliants. Mrs. Billy Hill was lovely In a white gown dotted In black. The picture *39 Steps' has Madeline Carroll In the lead, It gives her little opportunity for dressing. She wears but two frocks which are similar in design, cloth with white fronts. The hats are of tlie halo model and a three-quarter fur coat Is also shown. Palace's Light Matinee A small and Indifferent audience greeted the Palace Saturday matinee (14). Headed by John Fogarty, a symphony in grey, tho show ran fast enough due to a lack of encores. Hustret Family, in their white sailor suits, seemed to feel" the need of more space. Patti Moore, red haired dancer and comedienne, Is still Aitearing the double-breasted Jacket of purple with sicirt of same color but of lighter shade. Jerry an<f her ' aby grands are In person—Geraldlne Valllore. Vere Waters and NclUe Burk. Th^ three misses with platinum wigs ^re garbed in long white satin powns with feathe • edged boleros The picture this week is 'Jalna' from the hook of the same name Kay Johnson and Peggy Wood are the principal women with nicely turned out wardrobes. Miss Wood wears two frocks worthy of notice, one a cloth tucked In ingenious mannier with a narrow vestee. The other Is a black velvet dinner gown made with no trimming, Kay Johnson comes^to a Canadian farm with a real city outfit For dinner one frock- was of a rather large black and white check, while another chiffon gown had at the throat a bunch of grapes. Several cloth dresses were made with the conventional lighter heck trimming, one In particular was out- standing being of loops corded t6 match the material. business; capital stock, 200 shared, no por Value. Robt. B. Jarvis, Valley r(fnd, Gillette, n. J.; Gordon C. Frost, 116 Broadway, New York, and John P. Par- rel!, 618 West 13Cth street, New York. Ben-Jim Amusement Corp,; motion Pi?'?!? theotres, etc.; capital stock, $16,000. BpnJ. Brodie and Yotta Brodle, 545 St, Paul's place, Bronx, and Jas, Crapahzano, 274 Sund Lane, South Beach. Merger C. Tflr. nackley Tlieutrlral Enterprises, inc. Albany, to merge Iceland Tlientrf, Inc.; nied by Caplan & Caplan, Albany. CALIFORNIA _ i „. . - . Snrrnmcnto. Racquet Club of mlm SprlngN; napitnl, 2.600 shares, no .<itock subsrrlbed. Di- rectors: Ralph Bellafny, Charles Far- rell, Carlton Hoek.stra-. CcrtKlcale of (IlK.solutlon of MnJeHdc I Irtiires f.orp. of Los Angeles county. HoI«ntinc rn H, In<-.; caplt:il, 10 sharcH, no par. IJIreclorfi: Jerry Fair- banks, Robert Cnrlislc, Auolln .Shermiin. Iloliemlan Gnrdon.s, Inc., I.rift Angeles; capital, 1,500 sharcH. no p.ar, no stock subscribed. Dlmrtors: W;iUer Ham, Frank Benodiet. .inmcM (iayhm: Xlientre Worlcsliop, Los Angolnn; 24.- 760 proforfed Hlifii-e.x, pwr, $1; 2,500 ooiii- mon 'sh.-iroH, imr, lOc, iitTniltted to l.s- flu% 2,600 Hliai'C.M. I>lri»fto:'«: K<\^nt .«<lnnott, Jean Xluir, Oeorge 'VVdlcoti, 1 Oeorge Formley, • | Kid and Dog Shorts Hollywood, Sept. 17, Series ■ of one-reel Indle shorts win be produced by Kruse and Wollner, with possible Par relealse, featuring Jackie Moran, 10-year- old, currently In 'The King Sleeps,' legit: at the Vine Street. Series carries a kid and his dog angle, with . 'Corky,' picture-wise mutt, owned" by Henry East, also spotted. Yarns are originals by Bddle Bluni. Screen Dancer Board Hollywood, Sept. 17. Screen Danccr.s, with thnir plan for bringing fcmtne» Into the or- franlzatlon ready to go, have set the nuclGu.s .of an advl.sory ijoard of Jf^adih*,' danno directors.- Oil tlm body are Dave Gould, Ilcrme.s T'-'in,. ,Tack Donahue, LcRoy I'rinz arid Robert Alton.