Variety (Aug 1936)

Wednesday^ August 12.1936 PIC¥ RES VARIETY 35 Stock Market (Continued from page 6) shifted from one strong stock to an- other which was looked, on as a highly encouraging sign. First, I^w' common was ^iven a whirl Tuesday (4), the drive enabling the Btook to .reach a new high.;Polumbia Pictures ctfs. also participated in this show of strength, reaching peak for the week on the first day last ;Week. Electrics ■ Lxterest then shifted to the elec- trics, with both Generial Electric and Westlnghouse being take^i in hand for a sharp upward thrust. • Bulk of this strength was centered in Gen- eral Electric with the issue moving Hp abruptly on Thursday and Friday to new high ground for three years or moi'e. This movement was all the remarkable because it enabled GE to gain nearly 5 points in the two days of trading. Westinghouse's ad- vance . was concentrated in Satur- day and Monday sessions, the stock climbing 9 points from the low for the week to 147. Issue was up 5% points net despite heavy profit-tak- ing at the blow-off. ' Alter' this' the bullish enthusiasm swept over. to Eastman Kodak, 'Which, shot .up to 185 after reaching its low, IIP/b- It was up '4 points at 184, closing quotation. . Heaviest trading interest then shifted to Warner Bros, in the final day of the week. Although it had Jibvered about the $12 mark much of tiie time preceding Monday. (10), in this session it was churned about on greatljr increased volume and shoved up impressively to 12%. Even in the face of general, selling the latter part of the day, the issue held much of its gain. Both 20th Century-Fox stocks held close to previous closing prices, with greatest activity noted for the com- mon around 28. It dipped slightly liear the finish but even at this lower price was down only fractionally for the week. . Although the Paramount common and second preferred held within a narrow range, the first preferred de- clined on increased volume in Mon- day's market. This preference issue held close to 69 most of the week but dropped to. 67, off 2 points, on the final day. The common and second jjreferreid were only down fraction- ally but both appeared to be headed . for^a testing of the former lows be- fore taking part in any general ad- vance. The common broke 8 to fin- ish at 7%, while the second preferred dipped to 8%, only an eighth away from its old 1936 low. General Theatre Equipment new capital stock appealed to be re- cuperating from its recent broad ad- vance to successive new peaks. Ac- tion of this issue gave every indica- tion of being in the process of ac- cumulatiop. • The stock got above 25 in earlier transactions but wavered between 23Vb and 24 in late trading. At 23%, closing quote, it showed a loss of 75c. Reactionary tone was not unlooked for after its recent spir- ited climb. Industrial Rise With industrial, rail and utility groups climbing to nev( highs for the year, a healthy gain for Dow-Jones industrial averages was counted on. The industrial averages reached 170.17, new 1936 peak, Monday, and showed an advance of 3.52 points at the close, 168.84. On the other side of the'picture, the sharp decline in Radio Corp. stocks attracted attention. Both pre- ferred and the common were sold after a comparatively poor and at lea&t disappointing earnings state- ment for the° Jime quarter was is- sued. Radio common dipped to 10% before finding support It was off more than a point at 11 at the blow- off. RCA first • preferred stock, on which a regular dividend of $3.50 annually is paid, slumped to 73% but came back to 74% at thg finish. Here the issue was off nearly 4 points. Radio B slipped 2 points to 106 but was sold down only on one day. Suit filed by Philco alleging theft of patent information by RCA rep- resentatives was not accorded much consideration by the street. Columbia Broadcasting Co. stocks were given a nice whirl near the close of the week, both the 'A' and 'B' issues hitting 57 as an ask price and 58% as a bid price on Saturday (8). Warner Bros. pfd. came in for a brief play early in the week, going to 53% but later dipping to 53%, a gain of more than a point on the week. One of the principal dividend meetings of the week. wUl come to- day (Wednesday) when directors of Eastman Kodak convene to decide on the regular quarter diwy on the common and preferred. The com- pany's rate of payment currently is $5 annually. Common stock yields only 3% at current price levels. However, Eastman Kodak comes closer to paying $6 on the common when recent cash extras are included. The director? have been unusually liberal in extra melon cutting this year. Snmmary for week ending Monday, Aug. 10: STOCK EXCHANGE 27% 45V& 61%. m 20H 18S 100 ■«8% 25% 308% 87 12% 11% . 14% 80 er:% 41 116 14% 67% J47 -1030- Lnw. Sales. Issue and rate, Hteh, 18 4,000 American b'cat ^7% 31 2,000 Col. P. vto. (l)t 38% « 300 Col. Plct. pM. (2%) ;.. 40% 4% 1,000' Consol. Film..;,.... 4% 10% 800 Consol. Film pW. (%)t 17% 1,1G 2,,t00 Enstman ICoclak (S)| 'ISS 1C2 00 Do. pfd. (0) 161% 3414 ' 111,000 Gon. Blec. (1) '48% 17 0,300' Gen. Then. Bq • 26% 85 40 Keith pid. (5%)1 83% 48 24,300 Loew (2)J 105% 200 Do. pfd. (C'A) 108 7% 12,000 Paramount 8% BO 2,200 DO. 1st pfd .....•> 60 8% 3,000 Do. 2d pfd , 0 . ^ 0% 4,800 Pathe 8% 0% 122,600 nndlo Corp : 12% 68% 0,100 Radio Corp. 1st pfd. (314) 70 82% 2,000 Radio pfd. B.,... 106 • 6 12,800 RKO 7 22% 6,000 20th Cent.-Fox 28 31% 5,200 Do. pfd. (1%) 37% BO 220 Universal pfd 10? 9% 63,000 Warner -Bros 12% 44 300 Do. pfd 63% 04% 21,700 "WeBllnBhouBe (2%)t '147 123% IflO Do. pfd. (3%) 'IBOU • New 1030 hiph. i Plus Ptock dividends, t Paid this year. 1 Plus Rash extras. 1 Paid this year; dividends In arrears. ■4% 82% 8% .32% ««% S8 01% 87% 82% Bid. 97 103 2% 17% 3% 19 02% no 65 83 63 80 Ashed, 08% 107 CURB 80,000 GramrNatlonal 8,800 Technicolor 27% 4,200 Translux (20c.)t 4 3% 25% 3% 4% 26% 3% + % + % - % BONDS »7,n00 Gen. Thea. Eti. '40 68,000 Keith «b, '46 48,000 Loew 3%s, '40 27,000 Par-Broadway 3s, '35.., 122,000 Paramount On, '35 2,000 RKO debs Os 80,000 Warner Bros, Cs, '89... •32% 00% 08 67 88% 73 •98% OVEB THE COUNTER, NEW YORK Col. BroaOoast. A (2).;. Pathe F. pfd. (7) • New 1030 high, t Paid this year. Incorporations NEW TOBK Albany. Intercontinental I>radactldnR, Inc., Bronx; theatrical business; capital stock, 200 shares, no par value, Incorpoi-ators: Irving Hoffman, 7 Pine at., N. T. C; Jane E. Cross, 147. S. Oxford St., Brooklyn; Botty Kramer, 45-38 48tl» §t.,- "Woodslde, L, 1, ■ Federal Television & Badio Schools, Inc., New York; instruction in television, radio broadcasting, etc.; capital stock, 200 shares, $100 par value. Incorporators: Theodore Anker, Richard Schlein, Mur- ray P. Gootrad, all of 651 Fifth ave., N. T. C. Bogers Pictures, Inc., New,York; mo- tion picture productions, etc.; capital stock, 10 shares, (100 par value. Incor- porators: Lieon Vogel, 61 Avenue A, N, Y. C; Ethel Kessler, 1229 Franklin ave.,- Bronx; Sarah Frank, 410 Mendrlx St., Brooklyn. Boeclierer Bros. IBdterprlses, Inc., Man- hattan; public amusement resorts; cap- ital stock, 200 shares, |100 par value. Incorporators: Herbert L. Boecherer, 89 Union place, Ridgefleld, N. J.; John J. Early, Assembly Chamber, Capitol, Al- bany; Edward D. Harper, 4 Chestnut St., Albany. Interstate AmtiB«ment Corp., Manhat- hattan; Institutions for checking theatre receipts, etc.; capital stock,. 100 shares, no par value, Ipcorpor^ktors: Samuel J. Schwartzman, Esther Lasner. Ben Kess- ler, all of 220 West 42nd pt„ N. Y. C. Interstate Amnsement' Corp. Manhat- tan: theatrical business; capital stock, 1,000 shares preferred, 1100 par value; 12,000 shares of common, $6 par value. Inoorporators: Herbert Ward, Howard Barry, Francis B, Wells, all of 16 West 46th St., N. Y. C. Television Flctnres, Inc., New York; motion picture. business; capital stock, 200 shares, no par value. Incorporators:' Harry C. Hand, William M. Stevens, Vin- cent W. Westrup, all of 150 Broadway, N. Y. C. - Harris and Steele, Ine., Manhattan; theatrical business; capital . stock, 100 shares, no par value. Incorporators: Wagner S. Harris, • 320 W. 78th St., N. Y. c:; Helen S. Harris, 320 W. 78th St., N. Y. C.:..Thomas A: Gaffney, 267 91at St., Brooklyn, N. Y. Bench Ocean Theatre Corp., Kings; theatrical business; capital stock, 100 shares, no' par value.' Incorporators: Gustavo Posner, Emil Klein, Maurice Rubin, , all of 44 Court st., .Brooklvn, N. Y. New fork StAte Bodeo Assn., Inc., Rochester; ■ operate • rodeo competitions, etc.; capital stock, 2,600 shares, )10 par value.' Incorporators: . Marvin R. Dye, 320 Berkeley St., Rochester, N. Y.; Arlean D. Taylor, 20 Paige st., Rochester, N. Y.; Katherlne Z. PUklngtoh, 153 Spruce 8t„ Rochester, N. Y. Badto Frevlewe, Inc.', Manhattan; deal In sound recorders; capital stock, 200 shares, no par vAlue.■ Incorporators: Helen Schechter, Louis Goldrlng,' Moe Arbeitel, all of 61 Madison ave., N. Y. C. STATEMENT AND DESIGNA'nON Paramount Ftctares Dlstrlbnilngr Co., Inc., 16 Exchange Place, Jersey City, N. J.; motion picture negatives, etc.; New York office, 1601 Broadway; Austin C. Keough, secretary; capital stock, 100 shares, par value flOO. Filed by Clinton Combes, 1601 Broadway, N. Y. C. General Theatres Eqnlpment Corp., lOQ W. 10th St., Wilmington, Del.; theatre equipment, etc.; New Y^rk office, 92-9G Gold St.; Earle G. HInes, president; cap- ital stock, 800,000 shares, no par value. Filed by Mudge, - Stern, Williams & Tucker, 20 Pine at., N. Y. C. MEBGEB Parager Corp., Delaware, to merge Para- mount . Flctnres. I^tlstrlbnting Corp. and Paramoant International Corp., and Penates Trading Corp. Filed by Clinton Combes, 1601 Broadway, N. Y. C. Paramount Pictures, Inc., to merge Paramount Production*, Inc. Filed by Clinton Corhbes, 1601 Broadway, N. Y. C. DELAWARE Wilmington. Bed, Hot and Blue, Inc.; to acquire all rights In existence of the musical work entitled . 'Red, Hot and Blue'; 200 shares. The Corporation Trust Co. 'Woodward Grill,. Inc.; operate restau- rants, cafes, lunchrooms, etc; 100 shares. Lester L. Strasburger, George B. Bond, Maury Young, Washington, D. C. The Capital Trust Co. Fox Utah Theatre "Corp.; operate the- atres, etc.; 11,000. . R. J, Gorman, David H. Jackman, Charles N. Caldwell, Jr. United States Corp. Co. Echo Tavern (Drink and Bats Co.); deal in or with restaurants, lunch or tap rooms; 2,000 shares. S. L. Mackey, J. Skrivan, H. Kennedy, Wilmington, Corp. Service Co.. Napoleon the First, Inc.; purchase, lease, 0WJ1, and manage theatres; 400 shares, C. S. Peables, L. H. Herman, W. -T. Hobson, Wilmington.. The Corp. Trast Co. INCREASE IN CAPITAL STOCK Prudential Theatres Co., Inc., New York; $100,000 to $200,000. United States Corp. Co. BIEOER'S $136,795 BEFIGT Jack Rieger, motion picture lab technician, filed a voluntary petition in bankruptcy in Federal District Court, N. Y., listing liabilities at $136,795 and no assets. Among the creditors named are Pat Powers, W. J. Freundenberger, Meyer Rieger Labs, De Luxe Trail- ers, the Film Center, Agfa Raw Film Co„ J. £. Brulsitour, Consolidated Film Labs, Malcolm Film Labs and Exhibitors Screen Service, Inc. Advance Production Chart (Continued from page 23) ducing, Sidney Salkow directing, from A. A. Milne novel by Michael Uris arid Harvey They^. Cast: Jeanne Dante, Kenneth Howell, Alan Mowbray, Martha Sleeper, Walter Catlett, Charles WiUiams, Margaret Irving.' Into work next are 'FLYING HOSTESS,' produced by Edmund Grainger and directed by Murray Roth; 'TOP O* THE WORLD,* prodqced by Lou Brock, and 'THE LUCKIEST GIRL IN THE WORLD,' produced by Morrie Ryskind. United Artists Two in work, three editing, three preparing. In work: 'DODSWORTH,' reported June 17, and 'COME AND GET IT,' reported June 30. No new pictures started or previewed last week. ' Selzhick-International unit is ready to get 'TOM SAWYER' into work this week. " Walter Wanger is. putting final preparation touches to 'THREE TIME LOSER'and'HISTORY IS MADE AT NIGHT.' Warners Nine in work, 10 editing, eight preparlncr. In work: * 'SING ME A LOVE SONG,' reported las 'LET'S PRETEND,' Vabibtt, July 15; 'GOD'S COUNTRY AND THE WOMAN,' reported July 15; 'GOLD DIGGERS OF 1937' and 'GREEN LIGHT,' reported July 22; 'THREE MEN ON A HORSE,' 'FUGITIVE IN THE AIR,' formerly 'HEROES OF THE AIR,' 'MISTRESS OF FASHION,' THE SHRINKING VIOLET* and BIAS- ING OF O'MALLEY,* aU reported July 29. No new pictures started last week. • Readied to start within September include 'THE BLACK LEGION,' pro- duced by Robert Lord, Archie Mayo directing; 'TRIAL HORSE' and 'NO HARD. FEELINGS,' produced by Bryan Foy, and fTHE GENTLEMAN FROM KIMBERLEY' and 'SCHOOLHOUSE IN THE FOOTHILLS,' to be produced by Henry Blanke.. SET. LdTTEBT RAID Detroit, Augf 11. '. Police began another war on the- atre lotteries this week, with seizure of magic lantern device in north- side nabe. Police Censor. Lester Potter said the lantern was being used to con- duct a lottery, and promised raids on other houses conducting similar games. Roxy's $55,426 Net Net profit of Roxy Theatres Corp. for 26 weeks ended July 2 amounted to $65,426 before charges, interest and taxes compared with net .of $42,134 for 23 weeks ended June 13, 1935. Corporation's net profit for 29 we6ks ended Jan, 2 this year totaled $111,356. . 1 uiiifliiiniiiiiiiiiiiiHiitiii»iiiiiiiiiiiiiiiiiii 1 New York Theatres niiinnuiiuimiiii(iHnmniNunnmiiiiiHini(ntMiitiiiiiitiniiHiniiui)hMnuHiHniimtHiHiin4ipMintl Alr-Cooled — 28o to 1 p.n.- 'CHINA CUPPER' with PAT O'BRIEN Ross Alexander — Beverly Roberts Humphrey Bogart — Mari« Wilson STATE IT'S COOL AT LOEW'6 BiBLD OV£B 'San Francisco' On Statre T.OVTR .fiOnOI. and Kevne CAPITOL H It's Gay—It's Cool H LIONEL IBARRYMORE ^_£irHE DEVIL DOLL lA Boothm^n Win Oot Los Angeles, Aug. 11. Union projectionists won out over the California Amus. Co., after pick- eting the outfit's fotur houses in Pasa- dena for the past eight months. Settlement calls for lATSE oper- ators in all booths. MUSIC HALL MIk CtrMt ■*< tth Amrm HELD OVER "MARY OF - SCOTLAND" ipeetacnUr Btmg« PiMa«tleM 7tli Av. * fiOtb St. R 0 XY ATX OCe TO SEATS* i FJl. 'Charlie Chan at the Race Track' 'On the Stage CHAS. COLLINS PARAMOUNT/''"^ ISaOABK HELD OVEK 3rd WEEK BING CROSBY In "RHYTHM ON THE RANGE" ON THE STAGE! PDIl. 8PITALNY AND HIS "HODR OF CUABM" MARCH • BAXTER ' BARRYMORE Xfi THE "ROAD TO GLORY" JUNE LAKO • aVsicOBT RATOEF UNITED D I %f n I' I iB'WAV at ARTI8T8 II IW LI 4nn «t Tony Martin's Big Hit From the 20th Century-Fox Prodiiction "Sing, Baby, Sing" "WHEN DID YOU LEAVE HEAVEN?" Robbins Music Corporation 7S9 Seventh Avenue, New York