The Film Daily (1940)

DAILY; Wednesday, July 31, lj Vol. 78. No. 22 Wed., July 31, 1940 10 Cents JOHN W. ALICOATE Publisher DONALD M. MERSEREAU : General Manager CHESTER B. BAHN :::::: Editor Published daily except Saturdays, Sundays and Holidays at 1501 Broadway, New York, N. Y., hy Wid's Films and Film Folk, Inc. J. W. Alicoate, President and Publisher; Donald M. Mersereau, Secretary-Treasurer. Entered as >econd class matter, Sept. s, 19Jb at the po-t-office at New York, N. Y., under the act of March 3, 1879. Terms (Postage free) United States outside of Greater New York $1U 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. LONDON— Ernest W. Fredman, The Film Renter, 127-133 VVardour St., W. I. PARIS— P. A. Harle, La Cinematographic Francaise, 29 Rue Marsoulan (12). MEXICO CITY — Marco-Aurelio Galindo, Av, Coyoacan No. 100B, Mexico, D. F. BUENOS AIRES— Chas. de Cruz, Heraldo Del Cinematogiatista, Corrientes 1309. FINANCIAL (Tuesday, July 30) NEW YORK STOCK MARKET Net High Low Close Chg. Am. Seat 7l/4 7'/4 7'/4 Col. Picts.vtc. (2'/2% » Columbia Picts. pfd Con. Fm. Ind Con. Fm. Ind. pfd. 6% 6% 67/8 + '/4 East. Kodak 120 119l/2il9% do pfd Cen. Th. Eq 9'/2 9 9'/2 + Vi Loew's, Inc 25 24'/2 25 + % do pfd 102V2 102y2 1021/2 + 1% Paramount 55/a 5'/8 5'/2 + % Pathe Film 8V8 8V8 8% RKO New 3 2% 3 RKO New Pfd 36Vs 36y8 36V8 + '/a 20th Century-Fox . . . 6V4 6i/8 6y4 + Vs 20th Century-Fox pfd. 15!/2 15!/2 15i/2+ 1/2 Univ. Pict. pfd Warner Bros 2% 23/8 2% + i/8 do pfd NEW YORK BOND MARKET Loew's deb. 3i/2s46 102% 102'/2 1 02 V2 Para. B'way 3s55 Para. Picts. 6s55 Para. Picts. cv.3i/4s47 85% 85y4 85V4 Warner Bros.' dbs. 6s48 NEW YORK CURB MARKET Monogram Picts Sonotone Corp 1% 1 % 1% — Vs Technicolor lOVs 10 10l/8 + Vs Trans-Lux Universal Corp. vrc. 4 4 4 + '/4 Universal Picts From THE FILM DAILY to James Flood Fred C. Quimby Gilbert Golden $12,500,000 Budget Set For New Short Subjects (Continued from Page 1) bia and Universal, including contract producer-affiliates, represent $12,500,000, while the balance, or $5,100,000, is the expected cost of turning out the newsreels of Fox Movietone, Paramount, News of the Day, Pathe and Universal. Production costs currently account, it is learned, for the approximately four per cent increase which shorts producers expect to spend in the new season as against the 193940 season. Newsreel companies, by and large, anticipate that their costs will remain the same as in 1939-40. This assumption springs from the fact that no estimate can be formed as to whether operations in foreign fields will mean the curtailment of expense or its increase. Goldwyn "Linen Washing" Rapped by UTO of Illinois (Continued from Page 1) rich man to 'bite the hand that feeds him' ". Zorn stated that ills in the industry were not denied, but it seemed extremely out of place for Goldwyn to "wash his dirty linen in the public print." William F. Crouch, executive secretary, reported that the increase in membership was exceeding expectations due to the extreme interest displayed by Illinois exhibitors in what is regarded as a new form of exhibitor organization. Colli and Dunn, Warner Foreign Execs., in U. S. (Continued from Page 1) next year's product in his territories. He will remain here only a few days. Harold Dunn, Warners' supervisor of operations in the Far East, has arrived at the West Coast from Shanghai, China, and will be in New York within a few days for two weeks of conferences concerning hiefly the situation in Japan, as well as future selling plans for China, India, Java and Singapore. Allied's 16 mm. Com. Will Present Its Case (Continued from Page 1) a questionnaire on the subject, exhibitors being asked to give all data on 16 mm. roadshows in their territories, including admission price, if any, names of sponsors, titles of features shown and the producer. $500,000 Added Working Capital for "U" By Loan Universal, concluding a five-year $1,500,000 loan at 5 per cent with 'he First National Bank of Boston, %as refunded its $1,000,000 studio mortgage held by CFI and has dded $500,000 to its working captal. New loan leaves "U" without T^y maturity close at hand, other than its current revolving bank credits. Schenck and Moskowitz Trial Set for Oct. 2 (Continued from Page 1) Court denied a further postponement to early November which was sought by Max D. Steuer, Schenck's attorney. The Government was instructed to choose its indictment upon which it will proceed to trial not later than Sept. 3. Reopening Dates for Nine RK(5 Theaters Announced (Continued from Page 1) City and RKO Shubert, Cincinnati; Aug. 16, RKO Colonial, Dayton; Aug. 29, RKO Albee, Providence; Friday, Aug. 30, RKO Grand, Cincinnati, Strand, Syracuse, and RKO Grand, Columbus; and Friday, Sept. 6, RKO Orpheum, Champaign. Get 90 Days More to File Appeal of Gary Trust Suit (Continued from Page 1) anti-trust suit against B & K and the majors to Seventh Circuit Court of Appeals, and also granted leave to transmit all exhibits used in the case to the higher court. Decision against Gary Theater Corp. was handed down last March. Producers Releasing Corp. Has Six Ready for Release Producers Releasing Corp. has three features and as many westerns completed and ready for immediate release, its franchise holders were informed yesterday at a special meeting at the Woodward Hotel. Parley which opened Monday closes today. Prexy Harry Rathner is presiding. Advance domestic sales were described as "very satisfactory," while Leon Fromkess, in charge of foreign sales, said deliveries had already been made to Pathe in England and that distribution deals were being made in South America. Rathner leaves New York to conduct regionals next week. Republic Closes Deal With Sparks Fla. Chain Republic yesterday announced the closing of a product deal with the Sparks Florida circuit for the company's entire 1940-41 lineup. Deal involves 75 theaters. James R. Grainger. Republic president, and Arthur Bromberg, southern franchise holder, represented the distributors in the negotiations with Frank Rogers of the Sparks circuit. Korda to Make Nelson Pix With Leigh, Olivier West Coast Bureau of THE FILM DAILY Hollywood — Alexander Korda will make a picture on the lives of Lord Nelson and Lady Hamilton with Vivien Leigh and Laurence Olivier. Korda will direct as well as produce. COmiflG and G0IFI returns from MONROE GREENTHAL Worth tomorrow. SMILEY BURNETTE has left the Coa train for Roanoke, Va., where he opens a weeks' p. a. tour. PHIL BAKER left the Coast Monday fo, York. CHARLES BENNETT is en route fror Coast to New York to look into the story tion. CLIFF HENDERSON and TOM CALLER in New York from the Coast. E. L. DePATTIE, comptroller at the studio, arrived in New York by plane. LOU BROCK is back at the West Coas lowing a four week's stay in the Easf. JACK COHN and NATE SPINCOLD ha\ turned from the Coast. ARTIE COHN, manager of the Roo; I Philly, is an Atlantic City visitor. PETER COLLI, Warner Central American j visor, is visiting the home office. HAROLD DUNN, Warners' Far Eastern has arrived in Los Angeles en route to York. ELMER BALABAN, prexy of Chicago's H Balaban circuit, is on the West Coast vacation. WALTER IMMERMAN, B & K general ager has returned to Chicago from a Mic fishing trip. WALTON C. AMENT, RKO Pathe News eral manager, is vacationing in Darien, Co LOUISE ROUSSEAU, director of the RKO "Picture People" series being produced in lywood, has arrived in New York from the ( ELMER C. UPTON, B & K controller, ha turned to Chicago from an Eastern business ED SEELEY, of the Engineering Departme Altec, is in Los Angeles for conferences Academy committees. 70,000 See "Night" and Raft at Strand in 5 Days "They Drive by Night," aided' George Raft's p.a., played to n than 70,000 admissions in its five days at the N. Y. Strand, \* ners reported yesterday. Biz forced the house to open at 8 a hour earlier, closed at 3 a.m., minutes later than customary. Robb & Rowley Circuit Deal With RKO Signed RKO added another to its list seasonal product deals yestei'" with Ned Depinet's announcen that Robb & Rowley had signe contract. Bob Mochrie and Sachs acted for RKO, Ed Rov and C. V. Jones for the chain. Need A Messenger? Call Circle 6-5314 ABBYE ERRAND SERVICE SPECIALIZED MESSENGERS Experienced Dependable Reasonable charges by hour or trip.