The Film Daily (1934)

THE ■o&H DAILY Wednesday, May 2, 193<| { Vcl. LXV, No. 102 Wed., May 2, 1934 5 Cents JOHN W. ALICOATE Editor and Publisher Published daily except Sundays and Holidays at 1 650 Broadway, New York, N. Y., bj W'ul's Films and Film Folk, Inc. J. W. Alicuate, President, Editor and Publisher ; Donald M. Mersereau, Secretary-Treasurer and General Manager ; Arthur W. Eddy, Associate Editor; Don Carle Gillette, Managing Editor. Entered as second class matter. May 21, 1918, at the post-office at New York. X. ' V., under the act of March 3, 1879. Terms (Postage free) United States outside of Greater New York $10.00 one year; 6 months, $5.00; 3 months, $3.00. Foreign. $15.00. Subscriber should remit with order. Address all communications to THE FILM DAILY, 1650 Broadway, New York. N. Y.. Phone, Circle 7-4736, 7-4737, 7-4738, 7-4739. Cable Address: Filmday, New York. Holly wood, California— Ralph Wilk. 6425 Hollywood Blvd., Phone Granite 6607. London— Ernest \V. Fredman, The Film Renter. 89-91 Wardour St., W. I. Berlin— Lichtbildbuehne. Friedrichstrasse, 225. Paris— P. A. Harle, La Cinematographic Francaise, Rue de la Courier Xoues, 19. • FINANCIAL NEW YORK STOCK MARKET Net Chg. High Low Close Am. Seat 45/8 45/8 4% — Vt Columbia Picts. vtc. 28 Vi 27V2 27% — % Con. Fm. Ind 4'/8 4 4 — % Con. Fm. Ind. pfd.. 16 15% 16 + Vs East. Kodak 93 92 92 — 1 East, 'fcodak pfd. .135 135 135 + 1 Fox Fm. "A" 16'/4 15% 16 + Vs Locw's, Inc 32'/2 31% 32% + % do pfd 95 943/4 95 Paramount ctfs. . . . 4% 4% 4 1/4 + % Pathe Exch 3 2% 2% + 1/4 do "A" 22'/4 203/g 221/4 + IV4 RKO 3 2% 3 Warner Bros 67/8 6% 6% — % NEW YORK CURB MARKET Technicolor 93/4 91/4 9l/4 + Vi Trans-tLux 2 1/4 2Vi 2'/4 NEW YORK BOND MARKET Gen. Th. Eq. 6s40. 103/4 10% 10% Gen. Th. Eq. 6s40 ctfs. 9% 9Vi 9% Keith A-0 6s46 .... 70 Vi 70% 70% + % Lcew 6s 41ww 101 101 101 Paramount 6s47 ctfs. 49% 49 49% -f 1% Par. By. 5%s51 . . . . 40% 38% 40 +5 Par. By. 5%s51 ctfs. 40 38% 40 + 3% Par. 5%s50 ctfs. ... 49% 48% 49% + 1 1/4 Pathe 7s37 96% 96% 96% — 1 N. Y. PRODUCE EXCHANGE SECURITIES Para. Publix 4% 4% 4% — % Bushman Invents Gun Camera Chicago — A tiny film camera, which can be shot at a moving object, such as a fleeing automobile, wild animals, etc., and snap a picture of the target, has been invented by Francis X. Bushman and perfected by Owen W. Atkin, Los Angeles inventor, according to announcement by Bushman. The camera holds 30 feet of film, capable of 720 exposures. Intelligence of Audiences Underrated, Says Cukor Producers are inclined to underrate audience intelligence and sophistication and should avoid being too explicit in the treatment of stories, said George Cukor, M-G-M director, yesterday in New York. Despite general aversion within the industry to censorship, it serves to induce subtle and delicate handling of subjects, the director observed. Cukor hails the increasing popularity of costume pictures as an encouraging sign indicative of the opening of a broader story field. Care must be taken, he pointed out, to avoid the bombastic and exaggerated in pictures of this type. The trend toward costume stories makes available a wealth of great literature which has enormous dramatic and emotional possibilities, declared Cukor. Color is certain to gain more prestige in the years to come, according to Cukor, who believes that it can be effectively used to emphasize dramatic values. S. M. P. E. Fall Meeting In New York on Oct. 29 Fall meeting of the S. M. P. E. will be held Oct. 29 at the Hotel Pennsylvania, New York. The society's board of directors has a meeting scheduled for July 6 at New York. Reorganization Effected For Paramount Building Trustees of Paramount Publix and a protective committee for bondholders of the Paramount Broadway Corp., operating the Paramount Theater building at Times Square, have agreed upon a plan of reorganization. It calls for clearing up arrears on taxes, etc.. issuance of new bonds with sinking fund provisions and with a guaranteed interest of 3 per cent, release by Paramount Publix and Paramount Broadway Corp. against each other, and representation by Paramount Broadway on the new Paramount Publix board of directors Paramount Broadway has a funded debt of $8,875,000. Sol A. Rosenblatt Halts Service Employes Strike A strike of service employes yesterday afternoon at Loew's Metropolitan, Brooklyn, because of the dismissal of three ushers in alleged discrimination against the union, was called off an hour later after Division Administrator Sol A. Rosenblatt phoned Chas. C. Levey, secretary of Local 118, service union, from Washington, and arranged to arbitrate the dispute. Fred McConnell a Ky. Colonel Fred McConnell, general sales manager for Van Beuren, has been made a Colonel aide-de-camp on the staff of Governor Ruby Laffoon of Kentucky. Color Must Be Forced On Public, Says Carson "Color must be thrust down the public throat as in the instance of sound," declared Walter H. Carson, American representative of Dufay Color Co., in an interview yesterday. Carson discussed his concern's three-color process which was demonstrated at the S. M. P. E. spring meeting at Atlantic City last week. "The industry cannot survive without making progress and the next step forward is color," he declared. Dufay plans to show its system first in newsreel sequences which can advantageously use color, stated Carson. The process does not involve acquisition of new camera or projection equipment as standard equipment is used, he explained. Substantially the same equipment now installed in laboratories is required by the process, which is three-color. Establishment of a color plant in the East is planned by Dufay as soon as development of its plans warrant, stated Carson. Using the process color will cost between five and one-half and six cents per foot to producers. Dufay will go into distribution of 16 mm. color film immediately, in addition to standard width film. 25% Boost in Rentals Planned by Monogram Monogram will increase rentals at least 25 per cent next season because of the more expensive pictures the company plans to produce, it was stated to Film Daily yesterday by Edward Golden, sales manager. Golden said he expected there would be an increase in percentage booking's because of the rental rise. Review Board to Submit Separate Code Reports Washington Bureau of THE FILM DAILY Washington — Clarence Darrow, chairman of the National Recovery Review Board, and John F. Sinclair, a member of the board, conferred with President Roosevelt yesterday at the White House. Neither of the members would talk after the conference, stating that any statement would have to come from the White House. Later it was learned at the Board's headquarters that a decision has been made to render reports to the President on specific codes rather than a generalization of the Board's finding.-;. It was stated no written reports of any kind have been submitted, although reports on several codes on which the board heard complaints are being prepared for presentation in a group. The movie code is one of the group whose Board findings are expected to be delivered there shortly. It was stated emphatically that no "generalized report" on the board's findings of NRA operation would be made. Coming and Going i FRED W. KRAEMER is en route to Euroi to obtain product for Kinematrade. LUPE VELEZ and JOHNNY WEISSMULL! arrive in Columbus on Friday to open a pe sonal eppearance tour that will include Bait more, t-.ttsburgh and New York. WANDA TUCHOCK, writer and director, en route to New York from the coast for vacation. TULLIO CARMINATI returns this week fro he coast, where he has been working Jclumbia's "One Night of Love." JACK YELLEN, songwriter signed by Fo joes west about the first of October. HERSCHEL STUART has returned to Ne fork from Dallas. EDDIE BONNS, short product sa'.es manag .or Oniversjl, has returned to New York tro j swing around the exchanges as tar we as Kansas City. SIDNEY R. KENT is scheduled to return New York on Monday from the coast. J. R. McDCNOUGH is en route to the coasi ARTHUR KNORR, stage producer for tr Capitol, is en route to France on the Fari He wid also visit London and Monte Carl HAROLD B. FRANKLIN returned yesterd. from Europe on the lie de France. J. R. GRAINGER, Universal sales chief, n turns to New York tomorrow from the coa* . Western Electric Retains 100,000 Shares in Loe\ Having disposed of 104,000 of i 204,000 Loew shares acquire through its holdings of Film Secur ties notes, Western Electric wi hold on to the remaining 100,0t shares for the present, it was lean ed yesterday. The 104,000 shan were sold in the open market. Crawford-Gable in "Chained" West Coast Bureau of THE FILM PAIL Hollywood — Joan Crawford ar Clark Gable will be co-starred I M-G-M in "Chained," original I Edgar Selwyn. John Mahin is d ing the screen treatment. < COVERS EVERYTHING This is an excellent edition and I know it will be very helpful to me during the year. Ned E. Depinet, President RKO Distributing Corporation. 1,000 Pages — Free to Film Daily Subscribers. ■