The Film Daily (1948)

Rep. Stockholders to Acf on CMPC's Sale (Continued from Page 1) dustries in the merger of Consolidated and Republic in 1945. Subsidiary earned $83,567 in the fiscal year ended October, 1947, compared with $100,167 the previous fiscal year. Profits were $76,258 in the Jan. 1 to Nov. 26, 1945, period; $28,279 in 1944; $54,026 in 1943; $43,710 in 1942; $45,826 in 1941, and $29,009 in 1940. In the proxy statement, Republic directors point out that Molded needs a minimum of $250,000 in additional working capital, and the directors conclude Republic would not be justified in supplying this need as the plastic products of Molded have no connection with Republic's other business. Negotiations are being carried on through a broker, S. A. Berg, of Brooklyn, but the directors do not know the prospective purchaser. Five Republic directors, Richard W. Altschuler, president of Republic International; James R. Grainger, Republic executive vicepresident; Albert W. Lind, Frederick R. Ryan, and Herbert J. Yates, president, have been nominated for reelection, according' to the proxy statement. Altschuler and Lind have no Republic stock. Grainger owns 300 shares of common, while Ryan, an attorney, owns 1,000 shares. Yates owns 78,687 shares of common, 900 preferred shares and $25,000 in debentures. Associated Motion Picture Industries, Inc., of which Ryan is president and director, and Lind, partner in Sterling & Grace Co., is a director, owns 27,600 preferred shares, 178,842 common shares and $285,000 of debentures. Yates as of Feb. 1 was beneficial owner of 23,963 shares and members of his family were beneficial owners of 290 shares of Associated, which had 188,471 shares issued and outstanding. Members of Yates' family were beneficial owners of 2,270 Republic common shares and of all of the outstanding stock of Tonrud, Inc., which was beneficial owner of 12,200 shares of Republic preferred, 101,635 of Republic common, and 50,490 shares of Associated. Proxy statement listed remuneration paid director candidates in the last fiscal year as follows: Grainger, $78,120; Yates, $175,140; Ryan, $7,740; Lind, $260, and Altschuler, $17,500. Edward L. Walter was paid $28,760 and Harry M. Goetz received $26,080. Republic is indebted to Tonrud on account of a loan of $850,000 made by its predecessor, Onsrud, Inc., during the last fiscal year. Loan bears interest at the rate of 4% per cent per year. Variety Room Dedicated Des Moines — Variety Room at Mercy Hospital was dedicated in ceremonies participated in by Nate Sandler, barker of the local tent, and G. Ralph Branton, national canvassman. A waiting room in the Hospital's maternity ward, room was redecorated and furnished by Variety. Send (Birthday | Q reetmad March 19 C. T. Lynch Roy Boberts William Sistrom March 20 Sidney E. Myers Edgar Buchanan Joseph H. Seidelman Edmund Goulding March 21 Sidney Franklin Minna Stieglitz Edward Cronjager Virginia Weidler Friday, March 19, 194 T T ▼ Ringing Down the Week's News Curtain • • • ENTERPRISE'S "ARCH OF TRIUMPH" while not in the first Metro group for Britain, is slated for early distribution there by Loew's Int'l. ... • Steve Broidy has decided on Sepia Tone prints lor another Allied Artists release The brown one first used for "Panhandle" now will be utilized for "The Tenderfoot." ... • Photoplay's May issue will have a 10-page insert titled "Crosby Cavalcade." . . . • Film Classics will use spot announcements for 40 key city openings of "Money Madness" next month. ... • Alfred Hitchcock, due in New York next week, will film a special trailer here for "Rope" which Warners will distribute. ... • With the British tax situation adjusted, Ed and Bob Golden are stepping up their plans to produce "Charlemagne" in England Originally slated for late 1949 production. Bob now goes over in the late Fall to line up the cast. ... • The Wall Street Journal reports the Chicago Sherman Hotel is offering theatrical people a 15 per cent discount if they stay over a week. T T T • • • TELEVISION AND THE KIDDIES: "Obviously, radio stands to suffer more from its Frankenstein son than the movies. Already, we hear, there's a new order in homes eguipped with Television. Formerly, childish procrastination had delayed homework until seven or eight o'clock, when the parade of cops-and-robbers, gang-busting programs had banged their way through the day's episodes. Now, schoolwork is disposed of before dinner so that the moppets can ogle the suppertime, small-fry telecasts. Meanwhile, the radio silently gathers dust. A similar trend is discernible among the oldsters, who are trading symphonies for visual slugfests." — From Loew's Theaters Movie News Letter. T T T • • • A-WORD-TO-THE-WISE DEPT: "The trains are filling up again with salesmen talking sales It's like old times." — From the Wall St. Journal's "Business Bulletin" But in film busines — ????? • Doubleday in the Fall will publish "My Way of Scoring" by Max Steiner National Federation of Music Clubs is sponsoring the volume. ... • Broadway columnist's report notwithstanding, the Loew'i State will not revive its vaude policy At least, that's what Oscar A. Doob, Loew's general theater exec, told Phil M. . . . • H. H. Everett, head of Everett Enterprises is the new president of the Myers Park Country Club at Charlotte, N. C. T T T • • • PRODUCER DAVE SIEGEL never heard tell of a boxoffice recession He doesn't even know what you're talking about As the president of both David W. Siegel Productions and Triumph Pictures, Inc., Siegel is one of the most active buyers in the story field today He now owns all rights on "The Time Has Come," original by Graham Baker and Teddi Sherman which he will produce both on the screen and on the Manhattan stage in the fall Siegel has also ordered a treatment on a theme suggested by James Whitcomb Riley's famous poem, redolent of nostalgic memory of an Indiana boyhood, "The Old Swimming Hole" Charles Ray once starred in a picture inspired by this poem and bearing the same name The opus made history in silent days because from beginning to end it had no subtitles. T T T • • • A THOUGHT FOR TODAY: "Here lies opportunity unparalleled in the history of the world, provided that one does not overlook the place where it is to be found — within oneself True, opportunity exists in the market place all around us, but only if one has or builds within himself the capacity to seek, to find and to develop the possibilities that are waiting, ready to be grasped." — Samuel Goldwyn in This Week magazine. ▼ T T SEC Report Bares Exec. Stock Gifts (Continued from Page 1) Albert, 1,600 shares; Harry, 1, shares, and Jack, 2,000 shares. Albert retained 430,400 shares a: 21,000 in a trust; Harry#t *aini 293,250 shares and 16,000 if crus and Jack retained 425,000 shares pi i 16,500 in a trust. Ned Depinet was reported givii . away 300 shares of RKO dollar coi I mon, retaining 20,700, and Leona ; Goldenson was reported giving : shares of Paramount dollar comm to charity. He added 200 shares his holding, however, from the 1,2' he had held jointly with his wife, the end of the period he retained I in his own name and 1,000 joinl with his wife. Austin Keough gave away 5 shares of the Paramount common, taining 1,500, and Maurice NewH gave away 25 shares, retaining 18,6 j and 18,380 in a trust. Stanton Grill dropped 500 shares of the stock, i\ taining 4,500 shares in the T. G. I1! Touehe trust. He also holds 9,0 shares in his own name and 13, in three other trusts. J. Robert Rubin was listed foi gift of 100 shares of Loew's comm<< retaining 3,840, and Walter Titus, J was down for a gift of 250 shares Republic 50-cent common. He reta^ 690 shares in his own name, as as 86,950 in the account of Onsn Inc., 14,685 in the account of Ante sen Realty and 260 in his wif name. Antonsen Realty is also list • for 12,200 shares of Republic $1 cu ulative preferred. Daniel Sheaffer was reported d posing of 1,500 shares of Univer common, retaining 14,807. Matth Fox, William Scully and Joseph S delman all acquired 3,000 warrai for the same stock, which broug Fox's holding of these warrants 28,000, Scully's to 11,550 and Seid man's to 12,000. Spyros P. Skouras disposed of shares of 20th-Fox common and shares of the $1.50 cumulative p ferred, retaining 5,260 shares of common and 23 shares of the p; ferred. Abraham Montague dropped j shares of Columbia common, rets' ing 8,432 and warrants for anot 10,246. Loew's, Inc., was reported pick up another 90 shares of Loew's B, ton Theaters $25 par common. Loe^ Inc., now holds 122,983 shares of t j stock. Film FC Pix for Foreign Buyerl Foreign„film buyers will atten 1 trade screening of "Devil's Carl and "Money Madness," two new leases of Film Classics, at 2.30 j | on Tuesday, at the Preview Sere i ing Room, 1600 Broadway. Suffers $12,000 Flood Damage ' Toronto — New Odeon theate] : Brampton, scheduled for oper ; Monday suffered $12,000 dam£ I through a five-foot Spring flood.