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Tuesday, June 11, 19'
OAILY
Ascap Wins Mich. Verdict Academy to Demonstrate Over Unlicensed Music Stereophonic Sound
Vol. 77. No. 114 Tues., June 11. 1940 lOCents
JOHN W. ALICOATE
Publisher
DONALD M MERSEREAU : General Manager CHESTER B BAHN :::::: Editor
I'liblished daily except Saturdays, Sundays and Holidays at 1501 Broadway, New York, N. Y., by Wids 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 pctoffice at New York, N. Y., under the act of March 3. 1879. Terms (PostaRe free) L'nilcd 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. Ad<lress all communications to THE FILM DAILY, 1501 Broadway, New York. N. Y. Phone BRyant 9-7117, 97118, 9-7119, 9-7120, 9-7121. Cable address: Filmday. New York.
Representatives: HOLLYWOOD. CalifRalph Wilk, 6425 Holly-wood Blvd., Phone Gr.inite 6607. LONDON— Ernest W. Fred man. The Film Renter, 127-133 Wardour St. \V. I. PARIS— P. A. Harle. La CinematoR raphie Francaise, 29 Rue Marsoulan (12) MEXICO CITY — Marco-Aurelio Galindo Av, Coyoacan No. lOOB. Mexico, D. F. BUENOS AIRES— Chas. de Cruz, Heraldo Del CinematoRrafista, Corrientes 1309.
FINANCIAL
(Stondaw June 10) NEW YORK STOCK MARKET
High Low Close Am Scat. . 7 6% 6% ■
Col. Picts. vtc. I2l2% 3% 37/8 37/8
Columbia Picts. pfd
Con. Fm. Ind
Con. Fm. Ind. pfd
East. Kodak 1221/4 117 119
do pfd 155 155 155
Cen. Th. Eq S'A S's S'/a •
Loews. Inc 22'/2 2158 UVi ■
' do pfd.
Paramount 45/8 ^'s ^^i
Paramount 1st pfd.. $5 65 65 Paramount 2nd pfd.. 6*4 6^4 6',4
Pafhc Film 6I/2 6'/8 6'/8 ■
RKO S/g 5/g 5/8
20th Century-Fox 5!4 5'/4 5'/4 ■
20th Century-Fox pfd
Univ Pict. pfd. 72 72 72
Warner Bros. 2' a 2 2
do pfd.
NEW YORK BOND MARKET
Keith B. F. rcf. 6s46
Loews dob. Shs'ie 1011/4 1011/4 1011/4
Para. Bway 3sS5
Para. Picts. 6s55
Para. Picts. cv. 31/4547
RKO 6s41
Warner' Bros.' dbs 6s48 79 79 79
NEW YORK CURB MARKET
Monogram Picts
Sonotonc Corp
Technicolor 9% 91/4 9yg
Trans-Lux
Universal Corp. vfc... 31/2 31/4 31/4
Universal Picts
N. Y. OVER-THE-COUNTER SECURITI Bid
Pathe Film 7 pfd
Fox Thca. Office BIdg. 1st '46
Loews Thca. Realty 6s 1st '47
Met. Playhouse. Inc. 2nd deb. '45... 63 Roxy Thca. Bldg. 4s Ist '57 60
Net Chg.
'/4
61/2
3 1/2
^8
II2
3 1/2
-■■5/8
-■'Va + 'l"
1/8
ES Asked
1st MORTGAGE "
MONEY AVAILABLE FOR THEATRE PROPERTIES
PRINCIPALS ONLY
T. L KAYE
11 W 42nd St.. NYC LO 5-4666
(irund Rapids, Mich. — Gene Buck as president of the American Society of Composers, Authors & Publishers, the Southern Music Co. and Santly-Joy-Select, Inc., have been awarded damages totaling $500 against Marie Brown of this city, doing business as the Stocking Theater.
Judgment granted on default was based on infringement of copyrights on the musical compositions "The Man With The Mandolin" and "It Makes No Difference Now," which the plaintiff alleged were played in a public performance at the Stocking Theater without consent of the copyright holder.
Baltimore Exhibitors Oppose Daylight Vote
Baltimore, Md. — Motion picture interests in Baltimore are opposing an ordinance introduced in the City Council at the request of the Junior Association of Commerce providing for a popular vote on daylight saving at the election in November. Farm, labor and numerous other representatives also appeared before the committee in opposition to the measure. Among those in the motion picture industry who appeared to speak against the ordinance were Arthur B. Price and Thomas D. Goldberg, of the Motion Picture Theater Owners of Maryland and Nicholas J. Ropka, of the Motion Picture Operators' Union.
Premium Suing Price On Infringement Claim
Suit has been filed in Brooklyn against Price Theater Premium Corp. by Premium Promotion Syndicate, which charges Price with infringement in the merchandising of encyclopedias.
Premium Promotion contends that it has operated Encyclopedia Nights in theaters for more than a year, using a copyrighted card, coupon and trailei'. It is charged that Price, which also has an encyclopedia deal, used the same copy on its cards and coupons and took scenes from Premium Promotion's trailer in selling its own service. Advertising also was duplicated, it is charged, and Price allegedly used the name. Encyclopedia Night, a title reported to be owned by the plaintiffs.
TMAT Elects
Election of officers of the TMAT was held last night. Results will be announced today. Saul Abraham, president, and all other incumbent officers are running for re-election unopposed. Elimination of the Motion Picture Division of the organization, with the possibility that the Division would become a separate entity or affiliate itself with some other union, was also slated for action.
West Coast Durcau of THE FILM DAILY Hollywood — Walter Wanger, president of the Academy of Motion Picture Arts and Sciences, today announced a demonstration of Stereophonic Sound Recordings, to be held under Academy sponsorship in co-operation with Electrical Research Products, Inc. and the Bell Telephone Laboratories, at the Pantages Theater on Thursday evening, June 20.
In addition to extremely faithful stereophonic or third dimension effect in sound presentation, the new technique permits the recording and reproduction of a range of sound far beyond that possible under present practices. This range, it is claimed, extends from the lowest sound discernible to the human ear up to the loudest sound the ear can tolerate — and this without distortion of the sound quality.
RKO hicorporates Near East Company
Wilmington, Del.— RKO Radio Pictures Near East, Inc., has been granted a corporate charter by the State Department at Dover to deal in still and motion pictures. Capitalization is $10,000, par $100, and the "principal office" at PrenticeHall, Inc., Dover.
The incorporators listed are Robert H. Dann, Scarsdale, N. Y.; George Mucknic, Long Island, and Gordon E. Youngman, New York.
Britain Requires Prior Import License on Film
IVashington Bureau of THE FILM DAILY Washington — The Commerce Department has announced that The British Board of Trade will hereafter require prior import licenses for all products not hitherto subject to that requirement. Among the products being brought under the licensing system, but for which open general licenses have been issued allowing importation from any country without individual permit are: cinematograph film (standard width), unexposed and film base; cinematograph film, exposed. Individual licenses will be required hereafter for celluloid other than film base". The order was effective June 8.
Richard Leah'7 Dies
Detroit— Richard P. Leahy, 67, owner of the Washington Theater (formerly the Opera House) at Bay City, Mich., for thirty years, died suddenly from a heart attack. He formerly owned the Wenonah Theater, also. Two brothers survive.
Horve'y Orr Dies
Indianapolis — Harvey D. Orr, owner and operator of the Daisy and Speedway theaters, died here Saturday at the age of 75. He is survived by his widow, one son and a grandson. Interment took place in the Rose Hill Cemetery, Chicago.
cominc and come
HOWARD DIETZ flew to the Coast night for studio huddles.
HERBERT J. YATES returns from the C next week.
BEN COETZ flies to Hollywood tonight.
JAMES R. GRAINGER has returned to home office from Chicago.
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JOHN MILES, publicity director Lloyd, is here from the Coast.
B. K. BLAKE EMERSON YORKE and FL WEBER left New York last night for Atl City to attend the Columbia sales huddle tl{
CONRAD VEIDT left New York yesterda the Coast.
BORIS JESENOF. recently Columbia b manager in Brussels, and SIDNEY BRUCK traveling auditor, arrived yesterday from Elm on the Manhattan.
JOSEPH BERNHARD, LEONARD SCHLESIN t HARRY GOLDBERG, CLAYTON BOND, il HINCHEY and SAMUEL SCHNEIDER, W « home office execs., return today from F •■ burgh where they attended the Warner m meeting.
NAT WOLFE, DON JACOCKS, I. J. H MAN, MOE SILVER, TED SCHLANGER, PAYETTE and HERB COPELAN, Warner th zone managers, also left Pittsburgh last to return to their respective posts.
NOEL COWARD left for Europe Sunda the Clipper. MADELEINE CARROLL was a passenger.
Chi. Censor Says Numbi Of Off-Color Pix Rising
Chicago — The Chicago Cei Board reports 130 films with a f age of 599,000 feet were exami by the board in April, with 38 c two rejections and one film pin' For May, 114 films were chec with 618,000 feet, 44 cuts were m two rejected and eight pinked.
Lieut. Harry Costello, police sor, says the tendency to off ■ " films submitted to the local 1: is increasing and the May pi list is the largest in several y:
Floyd Circuit Adds To Florida Holdings
Avon Park, Fla.— The Park ater has changed hands and i? a part of the circuit owned an. erated by the Floyd interests was formerly a unit in the M chain. New sound equipment be installed and a number of improvements are contempi Carl Floyd and L. A. Stein of ■' sonville have i-ecently added houses to their Florida chain.
From THE FIL DAILY I
Wesley Rug i
Jane Brya
Walter Byi
John Holla
Bernice St.
Sam Schwa rt: '">
Henry R. Dei ei