The Film Daily (1938)

THE DAILY Friday, December 2, 1938; Vol. 74, No. 117 Fri., Dec. 2, 1938 10 Cents JOHN W. ALICOATE : Publisher DONALD M. MERSEREAU : General Manager CHESTER B. BAHN :::::: Editor Published daily except Saturdays, Sundays and Holidays at 1501 Broadway, New York, N. Y., by Wid's Films and Film Folk, Inc. J. W. Alicoate, President and Publisher; Donald M. Mersereau, Secretary-Treasurer; Entered as second class matter, Sept. 8, 1938, at the post-office at New York, N. Y., 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, 1501 Broadway, New York, N. Y. Phone, BRyant 9-7117, 9-7118, 9-7119, 9-7120, 9-7121. Cable Address: Filmday, New York. Hollywood, California— Ralph Wilk, 6425 Hollywood Blvd., Phone Granite 6607. London — Ernest W. Fredman, The Film Renter, 127-133 Wardour St., W. I. Paris— P. A. Harle, La Cinematographic Francaise, Rue de la Courdes-Noues, 19. Mexico City — Marco-Aurelio Galinde, Depto. 19, 5A, Dr. Lucio No. 102, Mexico, D.F. Buenos Aires — Chas. de Cruz, Heraldo Del Cinematografista, Corrientes 1309. f innnciflL NEW YORK STOCK MARKET Net High Low Close Chg. 197/s 19% 19% + l/2 Am. Seat Columbia Picts. vtc. Columbia Picts. pfd.. Con. Fm. Ind Con. Fm. Ind. pfd.. . East. Kodak do pfd Cen. Th. Eq Loew's, Inc do pfd Paramount Paramount 1st pfd.. Paramount 2nd pfd.. Pathe Film RKO 20th Century-Fox . . 20th Century-Fox pfd. Univ. Pict. pfd Warner Bros NEW YORK Para. B'way 3s55 RKO 6s41 Warner's 6s39 NEW YORK Grand National Sonotone Corp Technicolor Trans-Lux ZVa 2 2—'/8 121/4 12 12i/4 + i/4 180 179 179 — 1 15% is" 151/4— "Vs 591/4 58i/4 59 + 1/4 11% 11 11 — % 113/8 IIV4 113/8 UVa 1034 103/4 2i/2 2% 2V2 263/8 26 26% — 1/4 % 6% 5% 5% — % BOND MARKET 58 58 58 76 76 76 90i/4 901/4 90i/4 + % CURB MARKET v* 1/4 y4 1% 1% 1% 20% 2034 203A — 1/4 2% 2% 21/a — % Chi. Operators Accept Pact Continuing Cut Chicago — Chicago operators yesterday accepted a new contract from circuit and independent theaters, which will continue last summer's 10 per cent cut until March 1, 1939, when five per cent will be restored. It is expected the theater engineers will accept similar terms. PROGRESS FILM LIBRARY STOCK SHOTS of Every Possible Description Conveniently Catalogued. |7*9 SEVENTH AVE. NYC. BRYANT 9S600 Judge Bondy's RKO Reorg. Opinion Held Imminent (Continued from Page 1) to a late hour in the afternoon, the document was not forthcoming. Observers close to the situation held to the view that there is little likelihood that Judge Bondy will render an oral opinion from the bench at today's hearing which is slated to be held at 2:30 p.m. in Federal Court. That the hearing, however, will probably be the final one found no dissenters, since, it is pointed out, all briefs and evidence are in the Court's possession for the first time in the annals of the action. The last brief was filed on Wednesday, last. Today's session is expected to find "clean up" argument presented, it is learned. Judge Bondy, himself, intimated at the last hearing that it is very desirable to reach a decision before the present year ends. 3,500 Movie Quiz Entries Reaching Drive GHQ Daily Entries in the Movie Quiz contest are now pouring in at the rate of 3,500 daily, it was said yesterday at the Motion Pictures' Greatest Year, Inc., headquarters. Daily average has doubled each week for the last five weeks, with flow expected to reach avalanche proportions by the Dec. 31 deadline. Judges for the contest will meet about the middle of January and it is expected that the winners will be named by the end of the month or early in February. Newspaper advertising throughout the country will be used to announce the winners. Chicago Anti-Trust Hearing Set for Dec. 8 Chicago — Additional moves in the Department of Justice's criminal attempt proceedings against B & K and the majors, except Columbia, are now slated for Dec. 8. Action was deferred yesterday. B & K and Paramount attorneys presented a motion for a bill of particulars, also a bill to squash subpoenas. Action on these also was put over for seven days. Fred Pride and Otto Koegel are here from 20thFox New York offices in connection with the case. Tri-State MPTO to Meet in Memphis on Dec. 11-12 Memphis — Annual convention of the MPTO of Arkansas, Mississippi and Tennessee will be held here Dec. 11-12. Weeks on Exchange Tour George W. Weeks, Monogram's general sales manager, left yesterday for a tour of eight exchanges. He will visit Atlanta, New Orleans, Dallas, Oklahoma City, Kansas City, Omaha, Des Moines and Chicago. Weeks is due back in New York about Dec. 15. H. M. Richey a Witness at Indianapolis Trust Suit Indianapolis — Edmund H. Bingham was the first defense witness at the trial in Federal Court yesterday of the old Indianapolis Amusement Co.'s damage suit against the majors, the MPPDA, the Indianapolis Film Board of Trade, in which the plaintiff seeks to establish that block-booking is a violation of the anti-trust law. Bingham told of exorbitant salaries paid by the Indianapolis Amusement Co., its methods of conducting business and its general conditions. Plaintiff objected to this testimony, causing delay in the trial. H. M. Richey, RKO witness for the defense, described the adoption of uniform contracts in 1922-23 by the exhibitor organizations, activities of the association, methods of arbitration between producer and exhibitor. Charles Reagan and Sam Sax of New York and Harry Bailey of Toronto were present at the trial which is expected to continue over the week-end. Marcus Loew's Theaters, Ltd. Reports Yr. Net of $125,547 Montreal — Net income of Marcus Loew's Theaters, Ltd., in the year ended Aug. 31 was reported yesterday at $125,547, compared with $111,731 in the fiscal period ended Aug. 26, 1937. Operating profit was up from $188,448 to $201,158. Surplus account rose $68,332 to $822,262 after payment of $57,216 in preferred dividends. Working capital advanced from $264,988 to $70,538 with cash amounting to $400,550, against $290,830. Loew's London Theaters had income of $15,722 in the year ended Aug. 25, compared with $15,597 in the preceding 52 weeks. Working capital declined to $41,003 from $69,575. iii 1 (S ! WILLIAM F. RODGERS, M-C-M general sales] manager, left for Chicago last night. ALEXANDER KORDA and IRVING ASHER ar-j rive next week on the Normandie. JAMES A. MULVEY, Eastern representak. for Samuel Coldwyn, flew to the Coast yesterday returning here the middle of next week. JACK SKIRBALL, production head of Grand National, leaves for the Coast today. J. CHEEVER COWDIN, Universal board chair man, leaves today for studio conferences on the Coast. EDWARD L. ALPERSON, Grand National sales manager, leaves today for a tour of the com pany's exchanges. JACK BENNY and his wife arrived from the Coast yesterday and are stopping at the Sherry Netherland. DR. RALPH BENATZKY, playwright, and his wife, and JACK OAKIE, sail today for England on the Queen Mary. JOSEPH SOMLO, of General Film Distributors, arrived yesterday on the Queen Mary to set distribution deals for "The Mikado." ALBERT MARGOLIES, director of advertising and publicity for Gaumont British, leaves for the middle West tomorrow in connection1 with the opening of the new Alfred Hitchcock picture, "The Lady Vanishes," at the Little Theater, Milwaukee. RICHARD DE ROCHEMONT, foreign editor of the March of Time, sails today on the Champlain. "HAP" HADLEY has returned from Illinois where he spent Thanksgiving with his parents. JOHN HARRINGTON, manager of Monogram's accessory department, has left New York to visit a number of the company's branches. CHARLES BRABIN and his wife, the former THEDA BARA, are in New York on a visit. MRS. MAE HEATON, of the National Theater Supply Memphis office, is in New York to organize lota chapter of Phi Sigma Tau of which she is national prexy. CEORGE SMITH, Western district manager for Paramount, sails from Hollywood, Dec. 7, with his wife, for Honolulu. Para. Board Defers Meet Meeting of Paramount's board of directors, scheduled for yesterday, has been postponed until Dec. 7. This advertisement appears as a matter of record only and is under no circumstances to be construed as an offering of these securities for sale, or as an offer to buy, or as a solicitation of an offer to buy, any of such securities. The offering is made only by the Prospectus. 424,000 Shares Imperial Pictures Inc. Common Stock ($1.00 Par Value) Initial Offering Price $1.50 per Share Copies of the Prospectus may be obtained from the undersigned. Smith, Frizzelle & Co. INC. 60 Wall Tower, New York Phone HAnover 2-9140 Bell System Teletype NY 1-1838