The Film Daily (1943)

Cf *' DAILY Friday, May 7, 194= Vol. 83, No. 88 Fri., May 7, 1943 10 Cents JOHN W. ALICOATE : : : : Publisher DONALD M. MERSEREAU : General c: : : s : : — 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. Representatives: HOLLYWOOD, Calif. — Ralph Wilk, 6425 Hollvwood 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 (Thursday, May 6) Net Chg. 1V4 V4 Vi + % Vs Va Va 1 NEW YORK STOCK EXCHANGE High Low Close Am. Seat 17% 16*4 16% Col. Picts. vtc. (2'/2%) 171/4 171/s 171/4 Columbia Picts. pfd.. 36i/2 36i/2 36 V2 Con. Fm. Ind 2% 2V4 234 Con. Fm. Ind I6V2 15% I6I/4 East. Kodak 165V2 165 165 1/2 Gen. Prec. Eq 23 223/8 23 Loew's, Inc 56 55% 56 Paramount 25% 25% 253,4 RKO 83,4 8% 83,4 RKO $6 pfd 871/2 86 871/2 20th Century-Fox ... 21 1/2 21 3/8 21 1/2 20th Century-Fox pfd. 31% 31% 31% Univ. Pict. pfd 171 171 171 Warner Bros 13% 13% 133/4 NEW YORK BOND MARKET Par. B'way 3s55 Para. Picts. deb 4s56 Warner Bros.' dbs. 6s48 103 102% 103 NEW YORK CURB MARKET Monogram P icts 3 2% 3 -| i/8 Radio-Keith cvs 1% 13/8 13/8 — i/8 Sonotone Corp 3% 3% 3% + % Technicolor 13% 12% 13% — % Trans-Lux 3% 3 3 — % Universal Corp. vtc... 18% 18% 18% — % Universal Ficts % Matthew Fox Joining Army as a Private Washington Bureau of THE FILM 'DAILY Washington — Matthew Fox, former Universal vice-president who has been in charge of current problems for the WPB planning board, has resigned and expects to enter the Army as a private soon. Fox left Washington yesterday for New York, and expects to hear from his draft board before too long. Army Rejects Orson Welles West Coast Bureau of THE FILM DAILY Hollywood — Induction service has rejected Orson Welles for physical re? sons. Para. Quarterly Net Rises to $3,5(0,000 (Continued from Page 1) ings of partially owned non-consolidated subsidiaries and $130,000 of non-recurring income. Report notes that with the lifting of the special remittance restrictions imposed in England the earnings for the first quarter of 1943 include Para.'s full share of film rentals and earnings for the quarter of its English subsidiaries. The share of film rentals and earnings of all other subsidiaries operating outside the western hemisphere, (including those operating in Australia, New Zealand and India) have been included only to the extent that revenues therefrom have been received or determined to be receivable in dollars. There were outstanding on April 3, 23,786 shares of cumulative convertible $100 par value 6 per cent first preferred stock. After deducting $35,679 of dividends accrued for the quarter on these first preferred shares, the remaining $3,524,321 of estimated combined consolidated and share of undistributed earnings for the quarter represent 98 cents per share on the 3,601,720 shares of Common outstanding, which compares with 94 cents per share for the quarter ended April 4, 1942. Based on the 3,752,136 shares of Common currently outstanding (after giving effect to the complete retirement or conversion of the first preferred), the $3,560,000 estimated combined consolidated and share of undistributed earnings for the first quarter 1943 would represent 95 cents per share on such Common. Para.'s directors yesterday authorized the payment in cash of $3,090,000 to the trustee, under indenture covering the company's 4 per cent debentures due 1956, to be applied in anticipating future sinking fund obligations. The Board recently had authorized the delivery to the trustee of $4,909,000 principal amount of these debentures previously acquired for cash and held in the company's treasury, of which $2,064,000 covers the payment of the sinking fund obligation due May 15, 1943 and the balance of $2,845,000 is in anticipation of future sinking fund obligations. As a result, Para, will have anticipated total future sinking fund obligatons of $6,020,000. When these transactions have been completed, there will be outstanding approximately $16,634,000 principal amount of 4 per cent debentures as compared with the original $24,543,700. On April 3, the company paid the $5,000,000 borrowed from banks in January of this year. Para.'s Board _ yesterday declared the regular quarterly dividend of 30c per share on the Common, payable July 1, to stockholders of record on June 15. SMPE Sets Fall Parley For Hollywood Oct. 18-22 William Kunzmann, SMPE's convention vice-president, announced yesterday, following a meeting of the Society's directorate, that the 54th semi-annual Technical Conference of SMPE will be held Oct. 18-22, inclusive, in Hollywood. Maj. Ralph Jester, speaking yesterday afternoon at the final technical session of the Spring meeting at the Hotel Pennsylvania, declared that extremes in temperature have presented certain barriers to aerial photography in some theaters of war, but that a camera has now been developed, and is now being built for the U. S. Air Force, which will operate successfully at 65 degrees below zero. 48-Hour Work Week May Span the Nation Washington Bureau of THE FILM DAILY Washington — Possible broadening of the 48-hour work week order to cover the entire nation was indicated here yesterday by WMC officials, who revealed that the step has been under consideration for the past two weeks because of the growing manpower shortage. Final decision depends upon the number of exemptions, one official said. "If the necessary exemptions are too many we would have to abandon the idea." Theaters in many of the labor shortage areas have gone on the 48hour week basis, as well as many exchanges. Exemptions have been granted however, by many regional WMC officials. A total of 300,000 men monthly are being taken from the civilian manpower pool by the armed forces, WMC Chairman' Paul V. McNutt told the House Military Affairs Committee yesterday, with the year-end goal 10,700,000 men in service. He said he thinks that goal can be reached without any necessity to strip industries of manpower needed to keep the armed forces supplied and maintained. McNutt did not enlarge upon what will happen to other industries and he did not refer even to all the activities which his own commission has designated as essential to the war effort. Final disposition of the so-called essential list is now under discussion by WMC's Essential Activities Committee, but two meetings this week failed to bring any agreement among committee members as to what steps will be taken next. New Haven Testimonial Held For Ben Lourie New Haven — Exhibitors and distributor representatives from all over the state, as well as guests from Boston and New York, honored Benjamin J. Lourie, former salesman for Columbia here, newly-appointed to the Chicago managership of Columbia, at a dinner last night at the Hotel Taft. Barney Pitkin, RKO manager, was chairman of the arrangements, and Samuel Seletsky, Republic, was treasurer, assisted by" a committee including Morey Goldstein, Ben Simon, I. J. Hoffman, B. E. Hoffman, Edward Ruff, Lou Wechsler, John Pavone, Irving C. Jacocks, Jr. Spitz and Skirball to Produce at Goldwyn West Coast Bureau, of THE FILM DAILYHollywood — Headquarters for the newly-formed film production association of Leo Spitz and Jack Skirball will be the Samuel Goldwyn Studios. Releasing arrangements through one . of the major film distributing companies are to be announced shortly. COminG and G0IHG TOM WALLER, Para, syndicate-news servic contact, planes out tonight with staffers c the IT, INS and NANA for Harlingen, Tex to cover tomorrow's premiere of "Aerial Gun ner;" party gets back Monday. B. B. KREISLER, short subjects manager t Universal, last night left for St. Louis, De Moines, Omaha, Kansas City. MONROE GREENTHAL, WPB motiorSfiet.furt specialist, arrived from Washington and will be here for four days. s RUBE JACKTER, Columbia assistant said manager, and LOU ASTOR, circuit sales execu i five, went to New Haven yesterday for th ! dinner given in the evening for Benjamin . Lourie, newly appointed Chicago branch mar : ager of the company. EVERETT RISKIN is in town. SIR ALEXANDER KORDA is here on a brie visit. Army to Ship Films Into Caribbean Area Washington Bureau of THE FILM iDAIL'. Washington — It is probable tha the Army special service divisio: will begin film shipments into th Caribbean area in the near future The 16 mm. prints of current hit pi: supplied as an industry gift throug] the WAC have been restricted toverseas . showing, and the Carib bean area parts of which are serve* by the Army motion picture service has not been included in that cate gcry until now. Deny Goldwyn Plans His Own Distribution Company West Coast Bureau of THE FILM DAIL Hollywood — Representatives o Samuel Goldwyn denied last nigh that he was making plans to forr his own distributing organization. '> "Prelude to War" Debut At N. Y. Strand May 13 "Prelude to War," made by LI Col. Frank Capra for the War De; partment Special Services, will hav its world premiere May 13 as par of the bill at the New York Stranc MAY 7 Joseph Bernhard George "Gabby" Haye! Gary Cooper Tommy Goldberg Benjamin Glaser E. A. Eschmann MAY 8 George Archainbaud Stanley Simmons THE FILM DAILY'S Anniversary MAY 9 Richard Barthelmess John H. McMahon Connie iRussell