Motion Picture Daily (Oct-Dec 1960)

Motion Picture Daily Thursday, October 13, 196C PERSONAL MENTION Af ILTON R. RACKMIL, president of Universal Pictures, has left New York for Hollywood for production conferences and to attend the West Coast premiere of "Spartacus." • Sam Spiegel has arrived in New York from the Coast. • Jeff Livingston, Universal Pictures coordinator of sales and advertising, is in Chicago today from New York. From the Windy City he will go to Los Angeles. Jerome M. Evans, promotion manager for the company, has returned to New York from Columbus, O. • Ira D. Beck, Latin American television supervisor for United Artists Associated, left here yesterday for Mexico City. • Stanley Kramer, producer-director of United Artists' "Inherit the Wind," arrived in Toronto yesterday from Philadelphia. • James Shigata, actor, arrived in New York yesterday from Los Angeles, and will leave here on Monday for Washington. • Rex Hopkins, district manager for National Theatres in Portland, Ore., is convalescing at his home there following a serious fall suffered several weeks ago. • Rosa Lea Landrun, of the accounting department, Capital Releasing Corp., Atlanta, and Ancil Peek, married Oct. 8, are honeymooning in Florida. Columbia Net SPECIAL TRAILERS TMW LEAD THE FIELD! Ralph L. Harlow, 75 BOSTON, Oct. 12.-Ralph LeRoy Harlow, 75, vice president of Broadcast Music Inc., died in Framingham, Mass., Union Hospital late last week. Starting as an actor and singer, he was identified with show business most of his life. He founded Knickerbocker Attractions, booking agency; was vice president and manager of the Yankee Network. He joined BMI in 1943. ( Continued from page 1 ) 000, or $1.47 per share, on 1,287,109 common shares outstanding, after preferred stock dividends. Profit on the same basis in the preceding year was $151,000. No federal income tax provision is required owing to the tax loss carry forward available to the company from prior years. A. Schneider, Columbia president, notes that for the 1960 fiscal year the company reduced its inventory by $1,000,000 to conform values to current market conditions. Amortization of feature films was reduced during the year by $350,000 to defer a portion of the cost deemed applicable to future income from television to conform with procedure agreed upon for tax purposes. Print Costs Included It was also noted that effective with the beginning of the current fiscal year, advertising and foreign print costs for pictures released since that date, formerly charged directly to expense, were included in inventory and amortized on a table basis, conforming with general practices in the industry. As a result, inventory at June 25 was increased by $3,800,000. cooo ■^22^ On S»£ 44 to Elect Nine Directors at Meeting Election of nine directors will be the principal order of business at the annual meeting of Allied Artists Pictures in Hollywood on November 9, stockholders are advised in a notice released by the company yesterday. Up for re-election are W. Ray Johnston, Samuel Broidy, George D. Burrows, Roger Hurlock, Sherrill Corwin, Edward Morey, Paul Porzelt, Norton V. Ritchey, and Herman Rifkin. The meeting notice also includes salaries of officers whose aggregate reumeration exceeded $30,000 for the last fiscal year as follows: Broidy, president, $109,375; Burrows, executive vice-president and treasurer, $74,000; Ritchey, vice-president, $52,250; and Morey, vice-president, $46,950. All officers and directors as a group received $448,575. Bank Loans Guaranteed Broidy and Burrows personally guaranteed four bank loans to the company in the respective sums of $1,240,000, $168,000, $1,400,000, and $700,000, totalling $3,508,500. The first of said loans matures on March 31, 1961; the second on Jan. 10, 1961; the third, June 1, 1961; and the fourth Sept. 27, 1961. Each loan hears interest at the rate of 6 per cent per annum on unpaid balances. The funds were required by the com Remodeled 85th St. Trans-Lux Opened Individuals from all phases of the motion picture industry attended a pre-opening showing of the completely redecorated Trans-Lux 85th Street Cafe-Cinema here on Tuesday afternoon. Boasting a French sidewalk cafe motif, the theatre was remodeled at a cost of $75,000. The design was by David Barrett of New York. Planning consumed six months and actual construction work, three. Manager William Pastore reported to the press that the theatre concession will be handled by Arthur Blaustein and that the hostesses at the official opening yesterday were to wear Ceil Chapman originals. — w.h. Dassin to Make Four For U.A. in 7 Years Producer-director Jules Dassin has an agreement with United Artists to make four films over the next seven years, he said at a luncheon here on Tuesday, following a screening for the trade press of "Never on Sunday," the film he made in Greece for release here by Lopert Pictures, foreign film distribution outlet of U.A. Three of the upcoming projects have been agreed on, Dassin said. They are "Lysistrata," "The Last of the Just" based on a highly acclaimed first novel by French writer Andre Schwartz-Bart; and an untitled picture dealing with attempts by Pericles to create the first democracy in Greece. "Lysistrata" and the third picture will be shot in Greece as was "Sunday," with the second-named to be made in France and Germany. Whether U.A. or Lopert will handle distribution of the four pictures is to be decided after they are completed. Dassin said he made "Sunday," which will open at the Plaza Theatre here on Oct. 18, for $125,000. He said he was extremely pleased with conditions for production in Greece, especially with the exceptionally fine weather there. pany to finance its operation and production program. For the accommodations Broidy and Burrows were paid a sum representing 8/10ths of 1 per cent of the face amount of the loans, amounting to $28,064, one half of which was paid to Broidy and one-half to Burrows. The meeting notice also reveals the number of shares of stock purchased by four officers under the employee stock purchase plan approved by stockholders at the annual meeting of the company in November, 1955 as follows: Broidy, 9,500; Morey, 6,000; Goldstein, 6,000; and Wolf, 5,000. London Warns ( Continued from page 1 ) mending Si Fabian for stimulating production through ACE and pledg ing support to the program. Othe resolutions petitioned the Academ"! of Motion Picture Arts and Science! for separate categories for films noil in general release and another com mended Edward L. Hyman on hi efforts to secure orderly release. Offi cers of companies selling theatrics films to tv were censored for "de> priving their companies and stock holders of greater profits and violatin; the trust and confidence their officia positions require." It was further resolved to urge exht hitors to support Motion Picture In vestors, Inc. in its endeavor to prov more revenue can be achievei through theatrical re-release of sue! films as "Friendly Persuasion" ant "The Oklahoman." Luncheon was given by Confectio:' Cabinet. The "showmanship" sessioi consumed the afternoon while th ladies attended "Windjammer" at th Music Hall. The evening was spent at the Mich igan Theatre seeing "Midnight Lace. Afterward National Carbon gave "nightcap" party. Re-elected as officers were: pres ident, London; vice-president, Wayn C. Smith, Pontiac; treasurer, Williar M. Wetsman, Detroit and secretary Fred P. Sweet, Detroit. 'Windjammer9 in D. C\ WASHINGTON, Oct. 12. "Windjammer" has been booked intij the Apex Theatre here starting No\| 10. Pre-opening campaign for thl Cinemiracle release will include emj phasis on promotions, tie-ins, an) group sales. The finest carbons ever made... 1^1 ATIONAL ^ TRADE' MARK PROJECTOR CARBONS MOTION PICTURE DAILY, Martin Quigley, Editor-in-Chief and Publisher; Sherwin Kane, Editor; James D. Ivers, Managing Editor; Richard Gertner, News Editor; Herbert V.Fecl^ Advertising Manager; Gus H. Fausel, Production Manager, TELEVISION TODAY, Charles S. Aaronson, Editorial Director; Pinky Herman, Eastern Editor. Hollywood Bureij Yucca-Vine Building, Samuel D. Berns, Manager; Telephone Hollywood 7-2145; Washington, E. H. Kahn, 996 National Press Bldg., Washington, 4, D. C.; London Bureau, J Bear St Leicester Square, W. 2. Hope Williams Burnup, Manager; Peter Burnup, Editor; William Pay, News Editor. Correspondents in the principal capitals of the world. 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