The Film Daily (1928)

THE DAILV Fridav. August 10. ICht: in XIV Nt. as Friiay. «i|. 10. 1928 Prici 5 CiRts lOKN W. UICOATE PUBLISHER Published daily except Saturday and holidays at 1650 Broadway, New York, N. Y., and copyright (1928) by Wid's Films an J Film Folk, Inc. J. W. Alicoatc, President atid Publisher; Maurice D. Kann. Vice President and Editor; Donald M. Mersereau. Treasurer, Business and Advertising Manager. Entered as second class matter. May 21, 1918, at the post-office at New York, N. Y., under tne 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. Subscribers should remit with order. Address all '•ommunications to THE FILM DAILY, 1650 Broadway, New York N. Y. Phone Circle 47364737-4738-4739. Cable address: Fflmday. New York. Hollywood, California — Ralph Wilk. 6425 Hollywood Blvd. Phone (iranite 6607. London — Ernest W. Fredman, The Film Renter, 58, Great Marlborough St., W. I. Berlin — Lichtbild-buehne, Friedrichstrasse, 225. Pathe Offering First Cartoon in Sound Pathe pioneers in tlie offering of the animated cartoons in sound through completion of the RCA Photophone recording of "Dinner Time," one of Aesop's Film Fables, as announced by Amedee J. Van Beuren, of the Van Beuren Enterprises, producers of this Paul Terrjpen creation. Murray Gets Manne Post Douglas B. Murray has been named production manager of the Roxy, New York, succeeding Ma.x Manne, who resigned to free lance in direction of sound pictures. A.M.P.A. Discusses Sound Future of synchronization and sound was discussed by members yesterday at their regular weekly meeting. Camilla Horn Returning Camilla Horn, who appears in "Tempest," is en route to New York from Germany. Finney with U. A. Edward Finney has been engaged by Vic Shapiro of United Artists to take charge of the exhibitors' service division of the United Artists advertising and publicity department. Expanding Alabama Chain Rayville, .Ma. — T. .A. Shea, owner of the Palace at McGehee, Ark., has added a theater here to his chain. Arthur Returning George K. Arthur, en route from Scotland, his native land, where he has had a short vacation, will arrive in New York today. CaU WAFILMS, Inc. Walter A. Putter, PrM. for Library Stock Scenes 130 W. 46th St.. New York Bryant 8181 The Shanghai Gesture" to Be First on Vocafilm The group of eight New York legitimate stage i^roducers who will l^roduce their stage plays via Vocafilm are to make "The Shan^jhai Gesture" first. Florence Reed who played Mother Goddam, the title role, will appear in the picture which will be produced at the Eltinge theater in about six weeks. The second will be "Crime" now current in New York. Both of these are Al Woods plays. E^khardt Heads Chicago Film Board Chicago — Clyde Eckhardt (Fox) is new president of the Film Board. Other officers are: N. F. Agnew (Paramount), vice president; Irving \V. Mandel (Security), secretary; Earl Silverman (Warners), treasurer. Directors, in addition to officers are: H. S. Lorch, C. Harthill, Felix Mendelsohn. J. D. Abramson was named executive secretary for the seventh consecutive term. Netoco Portland Deal Portland, Me. — Interest of Leo P. Gorman in the Maine, and the new State being erected at Congress and High Sts., is being purchased by New England Theaters Operating Corp. Fight Films in Pa. Philadelphia — Masterpiece is handling distribution in Pennsylvania of the Tunney-Heeney fight pictures. The films have shov.-n at a number of local Stanley houses without any arrests made. M-G-M Signs Stone ll'est Coast Bureau, THE flLM DAILV Los Angeles — Lewis Stone, who for several years has been free-lancing, has signed a long term contract with M-G-M. Clift Gets "Silver Rosary" London (By Cable) — Denison Clift who is now finishing "Paradise" for British International, will next make "Silver Rosary" for the same company. Scott Finds Business Better Harry Scott, Pathe short subjects sales manager, has just returned from a trip to Chicago, Milwaukee, Des Moines, Kansas City and St. Louis. He found business very good, considering the hot weather in the Middle West, particularly in theaters equipped with cooling plants. Lon Young in N. Y. Lon Young, production supervisor for Chesterfield M. P. Corp. has returned to New York from Hollywood with the negative and first print of "The House of Shame," scheduled as the second release of the coming season. OFFICE FOR RENT Light, «iry suite, three rooms and reception room Inquire Room No. 902 1650 BROADWAY N. Y. CITY f Financial FILM ISSUES PASS THROUGH HECTIC WEEK Cognizance ,is being taken of money conditions with the Federal Reserve forcing the issue. Hence, another hectic week for the market. While money was to be had at 6 and 6J^, film stocks surged to new high levels for the year. When money advanced to 7 with concern expressed for an increase over this figure it 'vas most natural that stocks would precipitate sharply. Several theories have been advanced for the sudden decline but none could gain so much favor for the break as the tightening of money. What, with the Federal Reserve withdrawing millions from the market, daily, could be given as a better excuse for the downward move. \\arner, as usual, led the uphill march closely followed by Paramount and Fox "A." The pace was slow and steady and the trio proved strongly supported by their favorite followers. Pathe came out of its dormancy Wednesday to stir no little comment. About 11:45 both issues made a sudden splurge which brought them to new top levels for the year, but the move was shortlived. The reaction was as forceful as the sudden rise and in exactly fifteen minutes the preferred lost 10 points while the common dropped three. Other film shares were carried along by Pathe's actions and ended that day with appreciable losses. Money again was the question oi yesterday's trading and hence all arnusement stocks sold under pressure, most of them marking losses tor the day. There was no let up in the reverse movement which resulted in Paramount dropping 354;' Fox "A" lost Zyi; Pathe "A" decreased 2; Warner "A" dropped 2; Loew lost %, and Loew preferred diminished ^. W. O. E-K Declares Extra Rochester, N. Y. — Usual extra dividend of 75 cents on the common, in addition to regularly quarterly dividend of $1.25 on the common and $1.50 on the preferred, has been declared by Eastman-Kodak. Roxy Quarterly Dividend Regular quarterly dividend of 87^. cents on Class A stock has been declared by the Roxy Theaters Corp. Chain Theatre Concern desires services of experienced man for development work. Must have knowledge of real estate business as well as some knowledge of theatre operations. Apply by letter stating full particulars and salary requirements. All answers treated confidential. Box M-305. Film Daily 1650 Broadway, N. Y Ouotatians |i High 32^8 97J4 13" 24 181 Low 29J4 97Ji i2!/2 23J4 17954 (s) Am. Seat. (cb) do 6s 36 . . * Bal. & Katz . (c) Con. Fm. Ind. (s) do pfd. (s) East. Kodak . *(s) do pfd. ... "(c) Film Insp *(s) First Nat. pfd (s) Fox Fm. "A" 8454 81 !4 (c) Fox Thea. "A" 28 27 *(c) Intern. Proj (b) Keiths 6s 46.. 91^ 91 Ji (s) Loew's Inc. . 54^ Si'A (s) do pfd. ...ioi;4 10154 *(c) do deb. rts (b) do 6s 41WW.109 108^ (b) do 6s41x-war.l00M 100"^ (s) MGM pfd. . 2S'A 25y. *(s) M. P. Cap (s) Orph. Cir. .. 22?^ 19 (s) do pfd. ...10154 10154 (s) Para. FL ...133 13051 (b) do 6s 47 995^ 995^ *(b) Par.By.5Vis51 (s) Pa-the 6H SVi (s) do "A" ... 25% 22 ?4 (b) do 7s 37.. 73^ 72 (o) Roxy "A" ... 29 31 (o) do units ... 31 ii (o) do com. . . 5 54 7 (o) Skouras Bros.. 40 45 (s) Stanley Co. . 39^ 38 *(o) Technicolor . . S'A 7 (c) TransLux ... 354 iVs (o) United. Art... 12 15 (o) do pfd. ... 78 84 o) Univ. Ch. Com. 2 (o) do pfd. ... 75 (c) Univ. Pict. ..19T4 ♦(s) do pfd (c) Warner Bros.. 7154 (s) do "A" . .. 77M *(c-b) do 6/2S 28 Close 29M 97M 7454 1254 23 Ji 180 128 354 104 82 54 27)4 9 91H 537^ 10154 14Ji 109 lOOKs 25/. 854 19 10154 1305^2 99 Y2 101 5i 6 23>i 13, 72% 38 t» 33, 32,t 85 19?4 197^ 66^ 72 54 97 6754 67,1 74 !4 46,< 152 .: ' Last Prices Quoted. (b) Bond Market. (c) Curb Market. ' (s) Stock Exchange. (o) Over the Counter (Bid and Asked.: NOTE: Balaban & Katz is listed in Chioaji Skouras, St. Louis. I EDWARD B. SMITH &C0. Members New York, Philadelphia and Boston Stock Exchanges Corporate Financing Philadelphia New York Boston