Exhibitors Herald World (Jan-Mar 1929)

January 26, 1929 EXHIBITORS HERALD-WORLD 21 Owners Talk Over B. O. Data on Sound; Elect New Officers Schenck Hits Loew-Fox Rumor As Deliberate Misstatement Declares Loew and Metro-Goldwyn-Mayer Will Continue As Progressing Unit in Industry — Denies Reports Published in Some Trade Papers (Special to the Herald-World) NEW YORK, Jan. 22. — The huge Loew organization, and with it MetroGoldwyn-Mayer, will continue to be a progressing unit in the motion picture industry. Nicholas M. Schenck, president of the company spoke with pride of the growth and strength of the organization here today. Schenck vigorously denied rumors to the effect that the Loew organization has been sold to Fox, or that negotiations for a sale are underway. His denial was supported by Arthur Loew and David Loew ; David Bernstein, and J. Robert Rubin, all present at a meeting in the Schenck office. Schenck said that the group represented a working majority of the stock in the company. (Special to the Herald-World) PHILADELPHIA, Jan. 22.— The MPTO of Eastern Pennsylvania, Southern New Jersey and Delaware, at its meeting which was held January 17, elected as president, Lewen Pizor; as vice president, Floyd Hopkins of Harrisburg, and Louis Appell, of York, Pa. ; as treasurer, Mike Lessy ; and as secretary, George P. Aarons. The following were elected members of the board of managers : Charles Goodwin, Jay Emanuel, Charles Schisler, George Kline, Columbus Stamper, George Gravenstine and Walter Steumpfig. Considerable discussion arose among the exhibitors present on the question of sound. After a poll was taken, it was found that not one exhibitor could report any profit on synchronized pictures. Pictures with dialogue, however, showed a profit, it was said. The poor showing made by the synchronized film was laid to the fact of the exchange askL ing from 25 to 50 per cent additional for synchronization charge and an additional charge for records of from $25 for two days for the smaller theatres, to $250 per week in the larger theatres. In addition to these charges, it was said, the increased cost of projectionists adds greatly to the expense of exhibitors, and after including the cost of depreciation of the instruments, the synchronized picture invariably shows a debit balance on the books of the exhibitor, because it does not draw as well as the dialogue picture. Reincorporation Unites Three Companies Under Title, CutlerHammer, Inc. (Special to the Herald-World) MILWAUKEE, Jan. 22.— The CutlerHammer Manufacturing Company, manufacturers of electric motor control, wiring devices and allied lines, has been reincorporated under the name of Cutler-Hammer, Inc., as a Delaware corporation. In the change from a Wisconsin to a Delaware corporation, Cutler-Hammer of both Milwaukee and New York, and the Cream City Foundry Company are united under one name. The following officers have been elected: Chairman of the board, F. R. Bacon, president, B. L. Worden, vice president, F. L. Pierce; vice president, J. C. Wilson; treasurer, H. F. Vogt; and secretary, W. C. Stevens. The board of directors is composed of F. R. Bacon, F. L. Pierce. Milwaukee; B. L. Worden, West Orange, N. J.; Carl A. Johnson, Madison, Wis.; T. Johnson Ward, New York; and L. A. Lecher, Milwaukee. Projectionists Elect Cason at Birmingham (Special to the Herald-World) BIRMINGHAM, Jan. 22.— Projectionists in Local No. 236 have elected J. M. Cason as president for this year. Other officers are : C. L. Gaston, vice-president; J. F. Mankin, secretary; J. C. Harper, treasurer; R. A. Root, business representative; C. J. Wall, sergeantat-arms ; F. L. Delanev, J. T. Amherson and W. B. Tate, trustees; R. A. Root, C. L. Gaston and F. J. Emerson, board of examiners. Charles Roth Marries (Special to the Herald-World) ASHEVILLE, N. C, Jan. 22.— Charles Roth, of the Roth Brothers theatres, was married to Bertha Michalove last week. Rumors of some change in the Loew organization brought this outspoken statement from Schenck : "It seems incredible that articles affecting the affairs of a great company can be published in some of the trade papers upon anonymous information and more amazing that they can be republished after an official denial. "It seems unbelievable that an utterly false rumor, such as the one of an arrangement by which Fox is about to purchase Loew's, Inc., can be so credited by a trade paper that it is printed as an imminent fact. "While it is not my intention to dwell too long on the methods of printing news which come from anonymous sources, it is my intention to make one final and unqualified statement regarding the alleged deal. It is this: "There is not a particle of truth in any rumors that any of the interests that bear the name of Loew or that are connected with the great business built up by the late Marcus Loew are for sale, or that they are a party to any merger. "There has never been negotiation with Fox or anyone else, either corporation or individual, looking toward the sale of Loew's, Inc., or Metro-Goldwyn-Mayer. "Any story to the effect that the Loew interests are to be merged or sold is a deliberate misstatement. "It is true there have been cases in which rumored big deals in the motion picture industry were denied in advance only to be consummated after all, but this is not such an instance and I repeat there is no foundation for the story that Loew's is selling out "Many of these rumors have stated that banking interests representing the companies involved were making the arrangements. Let me state with all the emphasis in my power that there are no banking interests authorized to speak for the Loew company. Our interests are our own. We are self-controlled and have no representatives. "It has been said to me also that Mrs. Marcus Loew plans to sell her stock in the company. This is not so. Mrs. Loew will not dispose of her stock. I hope that you will cooperate with me in putting an end to these false reports." Chain Launched to Dot Japan with Elaborate Motion Picture Houses (Special to the Herald-World) TOKYO, Jan. 12.— [By Mail.]— A corporation has been formed here for the purpose of erecting large motion picture theatres in principal cities, and to buy and distribute films. It is called the Nihon Eiga Kigyo Company, Ltd., and has a capital of 3,500,000 yen, all of which is paid in. It is planned to increase the capital later. The first theatre venture is "the most gorgeous motion picture palace in the Orient," to be located here in a nine-story building. It will have a capacity of 3,800. Irene Rich with Ray art (Special to the Herald-World) NEW YORK, Jan. 22.— Irene Rich has been obtained by Rayart Pictures to appear in the company's production, "Shanghai Rose." The picture is now being produced by Trem Carr. What Exhibitors Are Saying About Exhibitors Herald-World "Not since the days of the 'dinosaur' of 'The Lost World' fame, have I had occasion to correspond with 'the only real paper in the field,'other than to renew my subscription. And now — I return to the fold in the interest of lnuse organs. . . . This is also my first opportunity, though a little late, to congratulate you on the merger or combine which made the H. W. the greatest sheet in the business. Packed houses, fair crowds or 'flops,' we at least have the Herald-World to look forward to each week."— A. E. Post, Publicity, Crown theatre, Laramie, Wyo. "When I stop and think of the little, thin pink 'World' we used to get back in 1909-10, two dollars is a small price. Wouldn't do without it for So a year." — C. W. Wheeler, Tokay theatre, South Bend, Wash.