Variety (Feb 1927)

t Wednesday, February 9, 1927 RICTURlS VARIETY APSEHEIfr STOCKS NEGLECTED. DECLINE; LOEW. U. EXCEPTIONS jBoth Curb and Big Board Issues of UmTorMl Giiki-— IjMW Boiid SoM With the exception of Universal Iknd lioew all the amusements were fractionally lower yMtorday, con- ItnulBC « T^rmX htm Uuit WMk. i|B the case of t/oew It waa pre- sumed that the spomwrs continued In th«ir atroQir position which gives ^thmn eontrol and 4»ermits them to •♦peg" the price. Universal seems to be in a belated movement to dls- oount good profits statements. In HiS Ifetlir ttOQl» It te psssUDto inside Interests are engaged In putting prices up with the idea of accom« plishing some^ distribution. :^ U P99f^ und Msrksl The stock la very closely held and it would do the concern no harm to have lots^ more widely gdiMsrsi In order to enoonrage triding—in other words make it more active on ^e Board for trad' ing purposeil One of the things that hM Always reacted unfavor- ably against the preferred on the l^change has been the difficulty in marketing it, Marlcetability is A valiMible asiet to any stock. Weeks have been known to pass without the issue appearing on the tape. Last week dealings amount^ -"' 'it l# ftSiaail^ • reeorA: 9lio> net advance on the week was- more than 8. while the Curb stock moved up a like distance. Psmous PiMMles Trsde Famous Players, which was back to 109 in the last hour yesterday Is puzzling the trade. Yesterday while most of the shorts in the market were hurrying to cover, Inspired by the fright in Wheeling & Lake Erie, Famous lagged. This was ti^ESB M pretty definite proof that there Is no large short Interest in the outstanding. There is a lot of bear talk abont Famous Players, but it has not m tthado^w of sub- stance In definite news or knowl edge. In addition, it would appear It has no backing of actual money put up to gmmbfs Ml ft bearish view of the sto<d[C*S future course. In the meantime the pool that is supposed to be operating in the common .'.■■■ihifW M> disposition to counteract gloomy predictions. From this as- semblage of data it seems fair to assume that what is happening on th« ticker te the film leader, is all happening with the consent, if not with the actiye co*9pe.ratipn, of the I clique. '-^,.' " >-\,"V'"'" "' . "'' w" ''^'Orpfiiiiiiii Lower Orpheum gave further ground, selling yesterday in the final hour r at S2% compared to Its recent-high #f M%, the pool apparently being engaged In undoing Its long lines. • Fathe didn't come out yesterday up to 2:SO, but closed Monday at 38, apparently moving la unison with Orpheum. Fox sold yesterday at 17, Its low for the movement. Ap- parently it takes Its cue from Famous, although why it should, except for the sentimental effect of a group leaSiT* Soe« Mt appear on the surface. Loew Bond Warrants One of the interesting develop ments of the week was the first sale of the «iiew Loew bonds *%* warrants" at a price of 99. com parfd with the price of bonds bearing the warrants of 104 and a fraction. This winiM Seem to put a value of about IS on the priv! lege of buying Loew common stock any time up to 1941 at an offered price of lik Of course, the eurreht price Is si^inMii^ establishes M aa the estimaUd value of the future fight to pur- chase at a premium of $4 over current quotations. A seeming paradox is here apparent, but it surely puts a good aspect upon the future of the issue, putting potential price estimates at above 60—i.e., quotation ^1 plus |4 for option to buy li ' PubU^ day of a new issue of $2,000,000 8 percent ciUaulative preferred stock of Educational Pictures throucrh Dillon Head 4k Co. at $100. The issue is authorised at ft.SOO.OOO of which the |S.OOO,OSO Is to be offered presently,. It is redeemable nt |105 and carries stock purchase war- rants share for share at $36. i^.i:^u- |f|M4 Is.aolt Usted or even quoted Ibti rfver-the-counter lists. . Hlsh. 184H l.n MS 42^ 59 Vi m -183T- Low. ir M 24^4 IIM, 41 ■■■i 104%, 110 ■siM. 1.400 U.100 6.000 28.200 2.400 2.100 2.900 U.600 , t,«oo IJOO • • • • woo S,S0O we ' > / t V ■ ofteS 9tl.0i0 I • • • • • I •••••t**te _ lals. . jC odak (8)••..,.*.••... PasMos Ptayem ClO) ereC. iJB>y ................. First Nat'l. P.. lat prcf. (f.44).. Fox Film Class A (4) Liocw <8) U.-G -M., Ist pref. (180) Motion PlcL Cap. (1) Orpheam ••*.. Pat be Exchanse class A Shabert (&> tlversal P(ct. ift prsf. .(8).^...^ "Ma pT cm a.;v.w^ American Seat (4>.. Do., cum. pref. (3) FlLtB Inspect. a ...*•(. ,9« Fox Theatre* Class Universal PlotSree....... t**^^** M^lii-- AC^ Cir. ;wSp|8^t VMS* * *. tiifi»f Ksiti •'• (BnlMliii*) XjO^^IT 0*8 • • • •'« «**ee»»*eec • •••fss W im w Bros. OWv <0(|B%)....«. M lOM 62>4 2ft% 12%. 3SH 40 S9Vs i«e% i» M ervi • • • • 1 ^ V* * • • •••eeeeee 4334 4A 5% 88 Cr|ck«ry Breaking Party Los Angeles. Fsk. 9. ' svsiBHveni -es-'-^TMHr^ ssonfiyiiiif jt*, 22, picture actor, sent in a riot call to the Hollywood police who arrest- ed Ja ck Knelr, 26, in McOlynn's 'iNHMWlMFy HiM: 09 .iNI. 'Mi'ift''liHl4/49il* dition as the vmUlt M M mt um throwing orgy. McOlynn when arrested stated he kM«r nothing of the party utitll re- ttimlng homo to find the bungslow occupied by Kneir and some friends. He pleaded guilty to ' Mi iris' flrtOd Stir Kneir reoelirid n #ttspe|ide4 ten- tence. 87^4 100 ' 4ni 4» 4S« 21 88% M ai 'iofi Ust 128% 110% 122 98 «T% 81 25% 12U 88 101 w 48% 48 48 81 88% 88 Met cht« e e • • - % —1 e • - H + V* flS \\\, + % -II, n MM Coler Craft FttOMi Los Angeles, Feb. 8. Dr. Herbert Kalmus, president eC Tecnicolor, with 8. S. Hutchlnsoit, formerly heart of the American Film Company, and Sam Bischoflf, of the Cslifomia Studios, have fiormed the Color Craft Mstwii 4Siiff9. Its first picture will be entitled *'Tho Flair." based on the Betsy Ross incident of American history. These •« iup' onst toelude PMMti X. BuHhmnn, Enid Bennett, Johnnio, Walker. Alice Calhoun 8A« JuliMi Johnson. ^WIOM CLL^ AlAFTATIOKS Angeles, Feb. 8. Eddie Clark, who rec»^ntly left Warner Brothers' scenario depart- ment, has been signed by Aalier, Rogers and Small to make three adaptations. The first will be "LadieM' Ni^ht in the-Tiirklsh Itath." lism tlLe stage play by Avery Hopwcod. This picture will be released throogh First National. Bossberg With F. P.-L. :1M Angelee, B* Al Boaaberg has left the F. ». 0* ■cennrio rtepftrtment to Sign OH t|iif jrag staff of F. P.-U KmIoi^ CoUegiale Film L4s Angeles, Feb. t. > Buster Keaton's second United Artists production wtti he a col- legiate story. Bryan Foy and Carl Harbrongh have been added to the gag de- pal'tment. Ben Wallis. University of California ooaoh^ will handle the boat orewa to bg used In the pic> ture. The cast Includes Ann Cornwall, Grant Withers, Harold Qoodwin, Florence tin^t .^Taita BMddr:^' ........ .. . In New York— -Vv.- S*R»Oe at the New Paramount Theaitre^ lleviewen shower praise^e In San Francisco— smashed all records by $5^000 attheGranada.§W-^■e^:"■' ■ In Tulsa, Oklo.- Ralph Talbot, Ritz Theatre, wires: "'IT' POSITIVE SEN- SATION. HOLDING IT :<V :f -ft. In Camden, S. C*' Majesdc Theatre wires: '''It* pleased 100%, Patrons all raved over *It*.*^ I. :■ In Marion, Ind»r^ c Billy Connors wirest <''IT' HAS EVERYTHING. A BOX OmCE SENSATION.'' lae. Will U. Btyv PiWieut