Norwich bulletin., 1914-01-16
MOVING PICTURE MACHINE co.
 SEEKING LOCATION HERE
Board of Trade to Investigate Propo- sition-WouId Require $5o,00O of Local Capital.

William w. Tracy and Eric Morri- son, representatives of the American Moving Picture Machine company, came here Wednesday evening and on Thursday had one of their moving picture machines set up at the Waure- gan house, where a number of the business men of the city saw it.
 The two gentlemen have been in communication with the new indus tries committee of the Norwich Board of Trade regarding the possibilities of removing the moving picture machine factory here from New York, and have now come to show the business men of the city just what they have to offer in the machine they manufacture. They will be glad to have any busi- ness man visit the hotel to see the machine.
 The company contemplates a re- moval from New York and a reorgan izat1on with $50O,9 of capital, S200, 900 in ' per cent. preferred and SSO0,-. 900 in common stock, shares to be or the par value of $100 each.
 The company makes the Standard projectors and in the reorganization and relocation of it's business would expect S500.000 to be raised in the place to which it comes. If the busi- ness should be found upon investiga- to be desirable proposition to recom- mend, an effort would be made to se- cure the investment of $50,000 of local capital.
 The company is now capitalized at $1 0G0 900, with a par value of $10 q share. A. P. Morrison is president of the company, and Eric Morrison is secretary and treasurer. Anthony Markham is chief mechanician and the inventory of the company is as fol- lows; Tools and dyes. si0o,0o0; ma chinery, s70,000; materials on hand, in finished and unfinished products, S2O,0OO; IS patents issued and pend ing, s1OO,00o; good will, s2ee,0o0.
 New Business Prospects.
 An estimate of the business that will be done by the new organization is as follows: 1,500 machines per year will realize a net price of not less than S170, all discounts figured in. S2550 900: net cost of same, including all charges S150,000; net profit, S105,- 000 being about 30 per cent. on the common stock after providing the div idend on the preferred.
 Before it recommends participation in the new stock to be issued the of ficers of the Board of Trade state that an examination will be made by a committee from the Board of Trade. From every indication the company appears to be responsible one.
 Employed Over 100 the Past Year.
 The company now occupies 10000 feet of floor space on the fourth and fifth floors at 10t Beekman street, New York city, in the manufacture of the Standard protector, the name of the moving picture machine, and has of fees in the building across the street, The company has been organized for five years and during the past three years they have turned out 1.T50 ma chimes. In wages the past year the company paid out $60, 900, employing from 100 to 110 hands, all skilled me chanics, receiving from S16 to $50 a week. Several years were devoted to the development of the machine and thousands of dollars were used in this work A German, the patentee, sold his interest to A. P. Morrison, who in terested his sons Morrison Brothers, brokers, with a seat on the New | ork exchange, are heavily financially inter ested in the machine, having already employed s1S0,000 in the work.
 Machines Widely Used.
 The moving picture machines sell for S250 for hand driven machines and $2SO for motor driven machines. In New York over 500 of the projectors are used, this being 70 per cent or the total number of machines in the city. In Bridgeport 25 of the 28 machines there are of Standard make. Outside of New York 1.15O machines are used and they are found all over Canada, South America, Japan, New Zealand, Norway, Hawaii and Russia. besides other countries. all this being done with no advertising whatever. There are but two machines made in com petition. An order for 800 of the Standard machines has just been placed with the company by the Kine- macolor company of New York, who will soon increase the order to 2.000.
 The comparatively small number of parts used in it's construction. the sim plicity of mechanism and other fea- lures tend to make the machine out wear any other. according to the state ment of the manufacturers. It is con ceded to be absolutely 1reproof and flickerless.