The Film Daily (1943)

jjjGSCg^naLJiJuiJM^ W* *• DAILY Wednesday, May 5, 194 Vol.83. No. 86 Wed., May 5, 1943 10 Cents JOHN W. ALICOATE Publisher DONALD M. MERSEREAU : Ceneral Manager i ■ = 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. Representatives: HOLLYWOOD, Calif. — Ralph Wilk, 6425 Hollywood Blvd., Phone Granite 6607. WASHINGTON— Andrew H. Older, 520 Third St. N.W., Phone District 1253. LONDON— Ernest W. Fredman, The Film Renter, 127-133 Wardour St., W. I. PARIS— P. A. Harle, Le Film, 29 Rue Marsoulan (12). HAVANA — Mary Louise Blanco, Virtudes 214. HONOLULU — Eileen O'Brien. BUENOS AIRES— Dr. Walter P. Schuck, Casillo de Correo 1929. MEXICO CITY— Marco-Aurelio Galindo, Apartado 8817, Mexico, D. F. FINANCIAL (Tuesday, May 4) NEW YORK STOCK MARKET Net High Low Close Chg. 18 163/g 18 -f iy2 Am. Seat Col. Picts. vtc. <2y2%) Columbia Picts. pfd. Con. Fm. Ind Con. Fm. Ind. pfd. East. Kodak 1 do pfd Cen. Prec. Eq. Loew's, Inc Paramount Para. 1st pfd RKO RKO $6 pfd 20th Century-Fox 20th Century-Fox pfd. Univ. Pict. pfd Warner Bros do pfd NEW YORK Para. B'way 3s55 . Para. Picts. deb. 4s56 1 Warner Bros.' dbs. 6s48 1 175/8 n 36 36 2V4 163/g 2Vi 16 171/2 + VS 36 + U/s 2i/4 + i/4 16 — l/4 64i/2 1633/4 1641/2 + 1 213/4 215/g 213/4 + Vb 56 55 551/2 — 1/2 26 255/s 25S/8 — % 9 89 213/4 311/8 83/4 83/4 — 1/4 88 88 + IVi 211/b 211/4 + 1/2 31 31 + 1/8 Hi/4 13% 13% — % 80 80 80 — 5/8 BOND MARKET 043/4 1043/4 1043/4 + 1/4 03 103 103 NEW YORK CURB MARKET Monogram Picts Radio-Keith cvs. Sonotone Corp. Technicolor Universal Picts. Trans-Lux 3 2% 2% + i/8 Universal Corp. vtc. 193/4 191/2 193/4 + l/4 31/2 23/4 2% 11/2 13/8 H/2 + 1/8 33/8 33/s 33/s 13% 125/8 133/s + iy8 Warners Buy $125,000 Canadian Victory Bonds Toronto — Warners has announced the investment of $125,000 in Fourth Victory Loan Bonds through its Canadian subsidiary, Vitagraph Ltd., according to Wolfe Cohen, vice-president of the Dominion distributing organization. This is the first purchase bv a major company in Canada, and represents a $50,000 increase over the company's previous subscriptions to Canadian War Bonds. Bank Night Survives New Legal Assault in Mass. Bank Night in five New England states has survived 22 test cases and is still declared not to be a lottery. Third case in Middlesex County, Mass., was dismissed two weeks ago and the district attorney hi:s indicated that there will be no more charges. Only in Connecticut has the game been outlawed, not because of lottery charges but because such games are said to violate state statutes. Bank Night is drawing bigger patronage today than when it was first introduced into New England more than seven years ago, according to Roy Heffner, owner of territorial rights. While not as many theaters are using the game as previously, Heffner said that bigger business was being experienced by theaters operating it. Heffner has changed the original Bank Night formula through "qualifying" cards which have taken the last bit of lottery "sting" from the game, he said. Industry Will Co-Operate On Flag Day Observance Washington Bureau of THE FILM 'DAILY Washington — Widespread industry co-operation in the celebration of Flay Day, June 14, is now being arranged by OWI and the WAC. As last year, the President is expected to make his Flag Day proclamation apply to all the United Nations and the keynote of the celebration will be "team work." Theaters will be asked to display posters, and stage shows will carry through the United Nations and teamwork motifs throughout the week. It is doubtful that there will be any special shorts issued for the occasion, but extensive newsreel observance is looked for. Six Film Stocks Climb To New Highs for 1942 Six amusement stocks on the big board yesterday climbed to new highs for the year. The previous day, eight issues showed new highs. American Seating yesterday advanced from 16% to 18 points, a gain of W2. points; Eastman Kodak gained a point, closing at 164%. RKO $6 preferred climbed to 89, then slid back to 88 but an advance of \xk points for the day. CFI common gained M, closing at 2; General Precision Equipment advanced % to 21%. After going up %, to 21%, 20th Century-Fox common lost % point but still a gain of V2 point for the day. Formby and Coward to Canada for Charity Tour Toronto — George Formby, British screen comedian, and Noel Coward are to tour Canadian theaters this Summer in behalf of the Navy League of Canada to assist in the raising of war charity funds. RCA Quarter Net Down As Tax Proviso Jumps Despite a 52 per cent increase in gross business, Radio Corporation of America's first 1943 quarter report shows a decline of three per cent in net profits after taxes when compared with the initial 1942 quarter, David Sarnoff, president, announced yesterday at the 24th annual stockholders meeting. Decline is due to increased provision for Federal income taxes. Net profit reported before taxes was $8,936,000, an increase of $1,371,000 or 18 per cent over 1942, but tax provision of $6,341,000 brought the net to $2,595,000, compared with $2,667,000 in 1942. Consolidated gross business in the first 1943 quarter was $67,293,000 compared with $44,131,000 in 1942. Tax provision for the 1943 quarter is $1,443,000 or 29 per cent over the same 1942 quarter. Common stock earnings for the last quarter were 12.9 per share compared with 13.4 cents in 1942. Taxes per common share are estimated at 46 cents per share in 1943 and 35 cents per share in 1942. In his message to the stockholders, Sarnoff noted that RCA television techniques are the basis of several wartime advances but he did not elaborate as the work is a military secret until after the war. RCA personnel on May 1 totaled 38.027. an increase of 7,566 or 25 per cent over Jan. 1, 1942. To date, 4,589 employes have joined the armed forces and 19 have lost their lives in the service. RKO War Bond and Stamp Golf Tourney on May 25 RKO will hold its eighth annual golf tournament at the Westchester Country Club on May 25. Event this year will be known officially as the War Bonds and Stamps Tournament because bonds and stamps will be the awards. The prire committee includes former Sen. J. Henry Walters, John Farmer, Dick Gavin and Lou Gaudreau. Other committees and their personnel are as follows : Tournament : N. Peter Rathvon, Ned E. Depinet, R. C. Patterson, Jr., Malcolm Kingsberg, Senator Walters. Gordon Yaungman, Leon Goldberg. Major L. E. Thompson and Garrett Van Wagner;' Publicity: S. Barret McCormick. Rutgers Neilson, Harry Mandel, Arthur M. Brilant, Jack Level, John Cassidy. Al Adams and Eddie Sniderman ; Working : Charles Fretz, Art White, John Jones. Herb Mayes, Art Joswic, Eddie Kestenbaum. Al Tuchman and Jack Carney. $279,702 Raymond Blank Estate to Myron Blank Des Moines, la. — Raymond L> Blank, son of A. H. Blank, head of Tri-States and Central States Theater Corps, left an estate of $297,702, according to a preliminary inheritance tax report filed in district court. Estate was left to Myron Blank, a second son. The tax report listed assets of $65,000 in real estate, $27,602 in cash and bank deposits, $175,000 in stocks and bonds, $30,000 in insurance and with debts of $16,000. Gotham Exhibs. Secure 15,830 Plasma Donors Exhibitors in the metropolitan exchange area have sent 15,830 blood donors to Red Cross Blood Banks since the start of the theaters drive on Feb. 8. COmmC and Gome MAY PICKFORD leaves for Toronto on Ma , 11 for the first of a series of Bond rallies. ERICH VON STROHEIM is due in New Yorl on May 18 from the Coast preparatory to . tour of key cities in conjunction with pre-re lease engagements of "Five Craves to Cairo.' BEN KALMENSON, Warners' general sale manager, and JULES LAPIDUS, Eastern divisio sales manager, left last night for Cleveland an I other exchange centers. LEON SCHLESINCER, producer of cartoo ! comedies for Warners arrived in New York yes terday from the Coast. WILLIAM HARRIS, JR., leaves for i. Coas today. HARRY GOLDBERG, Warner Circuit advertis ; ing and publicity director, spent yesterday i Philadelphia and will be there again tomorro* JOE HORNSTEIN, head of Joe Hornsteir .' Inc., is in San Francisco and is scheduled t return shortly to New York. Court Adjourns Trial Of Zevin to May 10 The perjury trial of Isadore Zevin former bookkeeper for George E | Browne, one-time head of the IATSE i yesterday was adjourned to May H by Federal Judge Alfred C. Coxe j The trial may be delayed further, ac I cording to Assistant U. S. Attornevl Boris Kostelanetz, because the Gov! ernment does not expect to brinj Zevin to trial until after the tria of Louis Kaufman, John Rosselli am six Chicago gangsters who wer< named in a Federal anti-racketeer ing indictment. U. S. Attorney Mathias F. Cor rea yesterday denied earlier report from Chicago that he would resig: from office to join the armed force before the trial of Kaufman, Ros selli and the others. Correa said h had no intention of resigning befor the entire case was wound up. Eastman Promotes Two To Top Advertising Posts Rochester — Promotion of two as sistant advertising managers o Eastman Kodak was announced yes terday. L. Hayward Bartlett ha been appointed director of advertis ing and Waldo B. Potter has bee named director of advertising opei ations. Promotion of the two me resulted from the resignation c Howard H. Imray as advertisin manager because of illness. Barl lett, who came to Kodak in 1914, ha been assistant advertising manage for about 20 years. Potter joine Kodak in 1921 and has been assis tant advertising manager for abou 10 years. Broadway h\