The Film Daily (1937)

THE Tuesday, April 27, 1937 DAILY (fill QUOTA TO FORGE U.S. DISTRIBUTOR EXIT (Continued from Page 1) man's remarks that other major companies are in the same position as RKO Radio. Reisman pointed out that in a few years, American companies under the New South Wales law, would have to make about 50 or 60 pictures annually in the country. He observed that this was a practical impossibility because people would have to be sent from Hollywood where, he insisted, there was not at present enough trained people to go around. Besides, he said, quota production by American companies has everywhere been unprofitable. Reisman said that while in Sydney, he had spent an afternoon with Premier Stevens of New South Wales and had pointed out that American companies could not practically produce in Australia. He informed the Premier that RKO Radio was willing to do everything possible to aid the Australian picture industry, by distributing at cost any good picture produced in New South Wales, and also by helping to train people for the Australian industry. Reisman declared he was hopeful that as a result of his talk with the Premier, the quota restrictions would not be enforced. Frederick Daniell, a representative of the New South Wales movie industry, will arrive here in about a month, to discuss the question of U. S. aid, Reisman said. Reisman remarked that everywhere throughout the world countries were seeking to have the American movie firms subsidize their production. "If we do so, we might as well close up the foreign I departments," he stated. Business throughout the world is very good, with the exception of Europe, he said. George Fields Dies Funeral arrangements are pending for George (Honeyboy) Fields, 43, radio comedian, who died suddenly of a heart attack in Pennsylvania Station on Sunday. He lived in Bayside, Queens. APRIL 27 George K. Arthur George Manker Watters T T T • • • THE FINEST and most complete Exhibit of advertising material of one industry ever presented now under way on the second floor of Loew's State building comprising the exhibits of the various producers in competition for the AMPA second Annual Awards Chairman Hap Hadley and his hard working committee have done a splendid job T T T • • • THIS EXHIBIT should be generously supported by the entire industry it is a prestige-builder par excellence with the public in general it points the way to an annual Industry Exhibit covering all departments of the business which could be made as important and popular as the other industrial exhibits such as the auto show the AMPA lads have made a good start in this direction by sending invites to all colleges and schools having art courses in the met territory to several hundred art directors and teachers of public schools and to motion picture study classes in schools and colleges T T T • • • A GRAND job has been done by Paul Gulick, Chairman of the Judges Committee, who invited the judges to serve for the four different classes of exhibits the outstanding authorities in their respective fields comprise the brilliant list four sets of Judges' Ballots have been prepared, for 1st, 2nd and 3rd choices in each balloting the judging of the hard-to-handle 24-sheet posters has been dramatized and simplified by hanging them on sliding wires one in back of another, with a bench opposite where the judges can study the exhibits in leisure and comfort T T T • • • WHAT WE are trying to say is that AMPA has embarked on a very worthwhile and significant undertaking in these Annual Awards the fact that such men as Adolph Treidler, dean of American poster artists, H. B. LeQuatte, President of the Advertising Club, and executives of leading advertising organizations and publications felt honored to serve as judges for these Awards should make every worker in the advertising and publicity departments feel proud as General Chairman Vincent Trotta expressed it: "The Exhibit affords a showplace to mark the modern trends in stylization, handling of type, design, and presentation of all the elements of advertising presented on paper." the AMPA administration under Gordon White has done a great service to the entire industry with the inauguration of the Annual Awards. T T T • • • AN ALL-DAY Spring Conference will be held by the National Board of Review's junior clubs on Saturday, May 15 in the morning the groups will be the guests of the 8th Street Playhouse, with a showing of movies made by junior groups then a luncheon and an open forum in the afternoon at the New York University these youngsters represent one of the most intelligent groups of critics in the world T T ▼ • • • THE ANNUAL Drive of the Catholic laity in this district is under way, with many prominent film execs on the Motion Picture Committee send contribs to George W. Weeks at GB, who is acting for the Committee T T T • • • OUR GIRL Friedegg is working evenings as a ventriloquist's dummy "How come you landed that job?" we asks "Well ya see, Phil," sez Frieda, "the ventriloquist tells me I'm the only dummy that doesn't let out a holler when I sit on his knee and he gives me a hard squeeze" « « « » » » $2,011,000 QUARTER NET FOR PARAMOUNT (.Continued from Page 1) est, Federal taxes (except those on undistributed profits), depreciation and reserves. The earnings, however, do not include about $640,000 representing the company's net interest as a stockholder in the combined undistributed earnings for the quarter of partially-owned firms. There were outstanding as of April 3, 155,890 shares of cumulative convertible $100 par value 6 per cent first preferred stock and 597,651 shares of cumulative convertible $10 par value 6 per cent second preferred stock. After deducting $323,482 of dividends accrued for the quarter on these outstanding preferred shares, the remaining $1,687,518 represents $.72 per share on the 2,330,449 shares of common stock outstanding on April 3, 1937. Computed on the aggregate of the estimated consolidated earnings of $2,011,000 and the undistributed earnings of $640,000 referred to above, the earnings per common share calculated on the same basis would be $1.00. The consolidated earnings for the first quarter 1936 amounted to $718,921 after applying $800,000 of the inventory reserve provided as of Dec. 28, 1935, and Paramount's net interest as a stockholder in the combined undistributed earnings for the quarter of partly-owned companies totalled $460,000. The above results do not include earnings of Olympia Theaters, Inc. and its subsidiaries which were in receivership throughout both perods and are now involved in reorganization proceedings, which it is believed will be completed during the next few months. Each share of first preferred stock is convertible into seven shares of common stock and each ten shares of second preferred stock are convertible into nine shares of common stock. Progress has been made in reducing interest charges. Total annual interest charges of the company and its consolidated subsidiaries payable on debt existing as of Jan. 2, last, after giving effect to subsequent interest reductions and savings due to refundings, amounted to approximately $1,950,000 as contrasted with approximately $2,800,000 payable as of Dec. 28, 1935, the close of the previous fiscal year. Two Records for "Live" "Dake Up and Live" set a new single day's attendance mark at the Roxy on Saturday, house management announced yesterday. Draw of 33,145 was 284 more than "Cock-Eyed World" did on Aug. 7, 1929. Week-end b.o. record for the film was also claimed by the Roxy.