The Film Daily (1929)

THE '38ZH DAILV Thursday, September 12. 1929 Vol. XLIX No. 62 Thursday. Sept. 12. 1929 Price 5 Cents JOHN W. ALICOATE PUBLISHER Published daily except Saturday and holiday at 1650 Broadway, New York, N. Y. and copyright (1929) by Wid's Films and Film Folk. Inc. J. W. Alicoate, President and Publisher; Maurice D. Kann, Vice-Presideni and Editor; Donald M. Mersereau, Treasurer, Business and Advertising Manager. Entered as second class matter, May 21, 1918, at tht post-office at New York, N. Y., under the aci of March 3, 1879. Terms (Postage free) United States outside of Greater New Yorl$10.00 one year; 6 months, $5.00; 3 months $3.00. Foreign, $15.00. Subscribers should remit with order. Address all communica tions to THE FILM DAILY, 1650 Broad way. New York. N. Y. Phone Circle 4736 4737 4738 4739. Cable address: Filmda> New York. Hollywood, California — Ralph VVilk. 6425 Hollywood Blvd. Phone Granite 6607. London — Ernest W. Fredman, Th. Film Renter, 89-91 Wardour St., W. I. Berlin— Karl Wolffsohn, Lichtbildbuehne. Kriednchstrasse, 225. Paris — P. A. Harle. La Onematoeranhie Francaise, Rue de la ' nnr des-Noues, 19. Financial STOCK MARKET High Low Close Sales Am. Seat 31 31 31 300 Con. Fm. Ind. .. 24% 24 24% 2,500 Con. Fm. Ind. pfd. 25 K 25 J4 25 A 500 East. Kodak 205% 201'/ 205% 1,400 do rts 5% $% 5^47,800 Fox Fm. "A" ..96% 94% 94% 3,200 ♦Keith A-0 35^4 *do pfd 113 Loew's Inc 60J4 59 59% 800 *do pfd 89^ M-G-M pfd 25 }4 25 25^4 400 Para. F-L 71 68% 71 11,600 Pathe Exch 9% 9% 9'A 1,300 do "A" 19 19 19 2'00 Radio K-O-A 37 36 36'A 9,600 'Stanley Co 40 *Univ. Pict, pfd 9854 Warner Bros 59% 5814 59 5,500 do rts % % % 9,000 CURB MARKET *Bal. & Katz 80 ♦Columbia Pets 31 ♦Film Insp 3'A Fox. Thea. "A" . 27% 27 27 1,500 ♦Griffith, D.W. "A" \lA ♦Intern. Proj 34*A ♦Loew do deb. rts 24 .... Nat. Scr. Ser. .. 26% 25% 25% 200 Nat. Thea. Sup. .. 25 /2 25 25% 200 Trans-Lux 12% 11% 12 100 ♦Univ. Pict 20 'do pfd H BOND MARKET Keith A-O 6s 46. 75 74% 75 4 ♦Loew 6s 41ww 106% .... do 6s 41 x-war.. 93 93 93 2 Paramount 6s 47 . 98% 98 98 10 Par. By. 5%s 51. 99% 98?4 99% 9 Pathe 7s 37 71 71 71 2 CURB BONDS Am. Seat. 6s 36. 79 78 79 7 ♦Warner 6%s 28 198 OVER THE COUNTER Roxy "A" 26 29 do units 27 30 do com 5 6 Skouras Bros 32 34 United Art 5 10 do pfd 65 75 Univ. Ch. com. .. 2 do pfd 75 85 ♦LAST PRICE QUOTED Paris Grosses Hard Hit by U. S. Film Shortage (Continued from Page 1) estimated as high as 50 per cent. Exhibitors are bringing pressure to force directors of the film syndicate to resign because of the quota disagreement. TO RECAPITALIZE AND MERGE ALL FOX UNITS (Continued from Page 1) the contemplated merger through an exchange of stock of Fox interests, which include the Fox Film Corp., the Fox Theaters Corp., and the controlling interest in Loew's, Inc. The directors plan to increase authorized capital from 1,000,000 to 5,000,000 no par shares. Authorized capital is now 900,000 Class A common and 100,000 B shares. The A stock will be increased to 4,900,000 authorized shares. Stockholders will be asked to approve an increase in preference, privileges and voting powers so that, beginning April 15, 1930, holders of Class A shall have the right to elect five directors and Class B seven. At present voting power is vested in the Class B stock, of which a majority is owned by William Fox and his associates. The plan provides also that if four consecutive quarterly dividends of not less than $1 each are in default on the A and B common after October 15, the holders of Class A stock shall have the right to elect nine directors and the Class B stock three directors until such time as four consecutive quarterly dividends have again been paid. Sono ArtWorld Wide to Handle Cruze Product Sono Art-World Wide Pictures, will handle the James Cruze, Inc. productions, the first of which will be "The Great Gabbo" which opens for a Broadway run at the Selwyn Theater, today. The principals in the deal are Henry D. Meyer and Nat Cordish, the financial sponsors of James Cruze Productions, Inc.; Harry H. Thomas and Samuel Zierler who control the world's distribution rights to the product of James Cruze Prod., and who will join Sono Art-World Wide as important executives, and supervise the sales of the pictures to be produced by James Cruze, Inc.; and George W. Weeks, executive vice president and general manager of the newly merged Sono Art-World Wide Pictures. Cruze plans to make from nine to 12 pictures during the current year. Musician-Warner Row in Philadelphia Settled (Continued from Page 1) Camden, N. J., accepted Warners' settlement terms. The deal provides for employment of 200 musicians in the two cities at the same scale as that prevailing last year. This is a reduction of 56 from the number employed last year. Election of AMPA Officers Slated at Meeting Today (Continued from Page 1) Hancock rival candidates for the presidency. Leon Bamberger is the vice presidential nominee on both tickets, with Martin J. Starr and Edward McNamee opponents for secretary, and George Bilson and Alex Moss, rivals for the secretaryship. K. C. Tourney Sept. 30 Kansas City — Annual golf tournament of the film industry here is to be held Sept. 30 at Oakwood Country Club. 22,216 DATES CLAIMED SET ON RKO, T-S FRANCHISES (Continued from Page 1) RCA-Photophone, Oscar Hanson, sales manager of Tiffany-Stahl, and Sen. H. A. Staab, secretary of the Wisconsin unit. Minneapolis, Butte and Salt Lake Meets Slated Milwaukee — Next meetings on the franchise proposals of Tiffany-Stahl and RKO in the West are slated at Minneapolis, Butte and Salt Lake City. W. A. Steffes leaves here for Minneapolis where he will call a meeting, with the Butte session Sept. 16 and 17 and the Salt Lake City meeting Sept. 19 and 20. Other western meetings are expected to follow. Ind'p'ts After 24 Films For National Release (Continued from Page 1) territorial percentage basis, for the purpose of acquiring and financing product. A minimum of 24 pictures is sought for the first year and actual business, it is anticipated, will be launched immediately after the Chicago meeting. The plan was first broached some weeks ago by Maurice Chase of Chase Pictures who, via correspondence with independent exchangemen, developed the idea until it is now ready to be definitely launched. Stanley Seeks Court Order in W. E. Patent Litigation Wilmington, Del. — Vitaphone Corp., Warner Bros. Pictures, Inc., and the Stanley Co. of America has filed an equity suit here against the American Telephone & Telegraph Co., seeking an injunction to restrain the defendant companies from pressing their patent litigation against the Stanley Co. of America, charged by them with using sound equipment other than that made by the defendant companies and which Stanley is said to have had contracted to use in its theaters. According to an agreement it is alleged Stanley was to use certain equipment supplied by the defendants. The plaintiffs were willing, the bill 'states, to acquire and install in all the theaters they control the equipment made by the defendant through Electrical Research Products, Inc. Craft Film Laboratory Operating at Flushing (Continued from Page 1) been in the laboratory business for 20 years, is vice president in charge of operations. He recently returned from the Coast where the Tremont laboratory, with which he was connected was sold. A. E. F. McCorry is secretary and S. J. Devoce treasurer of the new firm. The laboratory has two complete double units for negative developing and 22 units for positive printing of 1,000 foot rolls. The Industry's Date Book Today: Induction of M. A. Lightman into M.P.T.O.A. presidency at Memphis luncheon Meeting of Michigan exhibitors at Petoskey, Mich. Opening of "The Great Gabbo" at the Selwyn, N. Y. Sept. 13 Meeting of exhibitors at Albuquerque, N. M. Opening of "Flight" at the Geo. M. Cohen, N. Y. Sept. 16 and 17 Meeting of Montana exhibitors at Butte. Sept. 17 Meeting of M.P.T.O.A. of New England at Boston. Sept. 19 and 20 Meeting of exhibitors at Salt Lake City. Sept. 28 First issue ot Hearst Metrotone News (sound). Sept. 30 Annual Golf Tournament of Kansas City exhibitor at Oakwood Country Club. Oct. 7-10 Meeting of S.M.P.E. at Toronto. Dec. 9-10 Meeting of North Carolina exhibitors' unit at Pinehurst. Golf Cups from National, M.P.News' and Craft Film Trophies were offered yesterday by National Theater Supply, "Motion Picture News" and Craft Film Lab, Inc., for the big Fall Film Golf Tourney, to be played over the Gedney Farms Country Club course in White Plains on Oct. 1, bringing the total offered to 16 cups, trophies and special prizes. General Talking May Offer New Reproducer (Continued from Page 1) ny, is expected to state at the meeting here today, when he formally relinquishes the presidency of the M.P.T.O.A. in favor of Lightman. General now has two types of dual system, the major model selling for $6,500 and the junior model, which is priced at $4,975. If a new model is brought out, it probably will retail for less than the junior model, but the price difference will be made possible only through reduction of amplification, with the equipment of the same quality as the other models. Paramount-Graphophone Deal Expected by London (Continued from Page 1) Warners. Louis Sterling, managing director of the British phonograph firm, is leaving soon for New York for conferences. He also is expected to resume negotiations with RCA, while in New York. AMALGAMATED VAUDEVILLE AGENCY Attractions for Picture Theatres Standard Vaudeville Acts 1600 Broadway. New York Cit> Phone Pcnn ,?5«« !