The Film Daily (1933)

THE s^fr* DAILY Saturday, Jan. 7, 1933 ITHE m msnua Of RUHCOf* fiL LXI, Ni. 5 Saturday. Jan. 7, 1933 Price 5 Cuts I0HN W. AUCMTE Editor and Publisher Published daily except Sundays and Holiday! ■t 16S0 Broadway, New York, N. Y., by Wid'» Films and Film Folk. Ine. J. W. Alicoate, President, Editor and Publisher, Donald M. Mersereau, Secretary-Treasurer and General Manager; Arthur W. Eddy, Associate Editor; Don Carle Gillette, Managing Editor. Entered as second class matter. May 21, 1918, 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, 1650 Broadway, New York, N. Y., Phone, Circle 7-4736, 7-4737, 7-4738, 7-4739. Cable address: Filmday, New York. Holly wood, California— Ralph Wilk, 6425 Hollywood Blvd., Phone Granite 6607. LondonErnest W. Fredman, The Film Renter, 89-91 Wardour St., W. I. Berlin— Karl Wolffsohn, Lichtbildbuehne, Friedrichstrasse, 225. Paris —P. A. Harle, La Cinematographic Francaise, Rue de la Cour-dea-Noue*. 19. NEW YORK Columbia Picts. vtc. Con. Fm. Ind Con. Fm. Ind. pfd. East. Kodak Fox Fm. "A" Loew's, Inc. Paramount Pathe Exch do "A" RCA RCA pf. "B" RKO Warner Bros NEW YORK Technicolor Trans-Lux NEW YORK Keith A-0 6s 46 Loew 6s 41 ww Paramount 6s 47. Par. 5V2s50 Pathe 7s37 Warner's 6s39 STOCK MARKET Net High Low Close Chg. 105/g 10'/4 10% + % 3 2 2'/i + ft 9>/8 ^V2 83/4 + 1V4 577/8 563/4 563/4 + y2 2i/4 2'/4 21/4 21 20V4 203/4 25/8 23g 2i/2 1/2 ft 1/2 1/4 2i/g 2 i/g 2Vg + i/g 6 534 SV8 + 1/4 11'/, lift 11% + % 3% 31/4 31/4 21/s 2 2 CURB MARKET 4 3% 37'8 + Vb 1% 11/2 1% BOND MARKET 37 37 823/4 82 37 82 + V4 + % 16% 1534 16 — % 15% 13% 13V2 — 1% 68% 67 68% + % 191/4 18% 18% — 7/, SCHAFER HEADS NEW STUDIO C. Schafer has personal supervision and direction of the newly opened Claremont Sound Film Studio at 138 West 124th St. The new plant is equipped to handle all kinds of production, synchronization, recording and transcription. KATE SMITH, who has been in Hollywood for several months appearing in "Hello, Everybody" for Paramount, returns to New York Monday morning on the Twentieth Century. E. W. HAMMONS leaves for the coast next week. WILLIAM HARRIGAN, actor just signed by Paramount, departs immediately for Hollywood. Zukor Back in Saddle As John Hertz Resigns (Continued from Page 1) the finance committee and a member of its board, continuing in these posts up to time of his resignation. Hertz immediately completes his work at Paramount and early next week will go to Chicago. After his return to New York he will leave Jan. 19 for his winter home is Miami, where he will probably spend the season. In announcing his resignation. Hertz said: "In November, 1931, at the suggestion of Kuhn, Loeb & Co., and at the request of the president and board of directors of Paramount, I became a member of the board of directors of the company and chairman of the finance committee. Since that time I have been active in the management of the affairs of the corporation, devoting my entire time thereto. "Whatever I have been able to accomplish in the company's affairs has been accomplished because I had the cooperation of all the officers and the organization without any question as to the technical limitations upon the authority of various officers. Within the last week a quesion has been raised by the president as to the authority of the chairman of the finance committee to continue to function as he had up to that time. I felt that I could not accomplish the purposes for which I came to the company unless I was permitted to so function, and therefore, there was no alternative for me but to tender my resignation, which I have done. "In severing my connection with Paramount. I want to express my deep appreciation for the splendid cooperation and support I have received from the company's bank creditors, Kuhn. Loeb & Co., as well as the officers, directors and employes of the organization." Paramount issued the following statement : "During his 14 months as Chairman of the finance committee of Paramount Publix, Mr. Hertz has accomplished much in the handling of the corporation's financial problems. The president and all the directors greatly re?re that he now finds himself unable to continue to serve the corporation in that capacity." Loew's Admission Cuts Blamed on Dual Bills (Continued from Page 1) starts double featuring. His nearest competitor thinks he is forced to follow suit in order to meet competition — and the fire's under way. Somehing of this sort may occur among downtown theaters if Loew's experiment is long continued." On the other hand, an official of one of the large Middle Western circuits said: "Downtown houses won't be affected. If a man is a good showman, he can sell n show to the public at 40 cents even if an other house charges 25; there isn't the shop ning downtown that there is among suburban theaters, and the public will pay to see ." good picture. Quality of product has much more to do with the matter than price. "Because of Loew's policy of showing pictures exclusively at the Midland, the 25 cent price will affect houses in the territory more than those here. Obviously, houses out-ide Kansas City can't charge 40 cents for a picture shown here for 25." This observer considers the exclusive policy 1 good one. He places part of the blamr for the double billing evil, which forced Loew's to adopt the exclusive policy, on the distributors' anxiety to sell — everyone. McILHERAN JOINS MAJESTIC Dallas — R. C. (Bob) Mcllheran has joined Majestic Pictures Company, Inc., of Texas, as manager of the Dallas exchange. R. H. Clemmons and Joseph Silverman, Majestic franchise-holders in Texas and Arkansas, have sold the entire Majestic program of twenty feature productions and six Jack Hoxie Westerns to the Paschall Circuit. Two Radio City Theaters Made Part of RKO Circuit (Continued from Page 1) carried on. These theaters are being tied into our general theater situation. A certain course of action having been decided upon by Mr. M. H. Aylesworth, president of RKO, the RKO theater organization is cooperating with the 'Roxy' organization, as it is our desire to be of all possible assistance at this time. But to misconstrue this into a report that we have been placed in charge of the theaters is erroneous, since upon 'Roxy's' recovery he will return to be managing director of the two Radio City theaters, and will function as part of the RKO theater organization." Dudley Murphy Plans Low-Cost Class Film? (Continued from Page 1) expects to release his pictures through RKO, it is understood. In an interview with The Film Daily yesterday, Murphy stressed the impracticability of making such pictures as part of the regular studio program owing to studio charges resulting in tremendous negative costs. He pointed to the success of "Maedchen in Uniform" as indicative of an audience for class productions. Murphy plans to use "names" in his pictures, which he will direct at the Coast. M-G-M BORROWS CAPRA West Coast Bureau of THE FILM DAILY Hollywood — M-G-M has borrowed Frank Capra from Columbia to direct a picture not yet named. Jan. 10: Allied Theaters of New Jersey meeting, Hotel Lincoln, New York. 1:15 P. M Jan. 11: Special meeting of Westinghouse Electric to consider action on distribution of the company's holdings of RCA stock. Jan. 16: Special Meeting for Allied exhibitors of South New Jersey. Hotel Hildebrecht. Trenton. 1 P. M. Jan. 17: Open meeting of independent exhibitors of the northwest, with President Al Steffes of Allied States Ass'n presiding Minneapolis. Jan. 28: Warner Club Ball, Grand Ballroom Hotel Commodore. New York. Feb. 21: Motion Picture Club Ball. WaldorfAstoria Hotel. New York. April 24-28: Meeting of Society of Motion Picture Engineers, Hotel Pennsylvania. New York. ROXY HAS PRODUCT SET "We are booked up with features for the next six weeks, and when that time corres we will be booked up for another six," Howard S. Cullman, receiver for the Roxy, told Film Daily yesterday, when asked what effect the loss of the Fox product would mean to the theater. THAD BARROWS RE-ELECTED Boston — Thad Barrows has been re-elected president of the Motion Picture Theater Operators Union by unanimous vote and presented with a gold certificate of life membership in the organization. IT PAYS to be CRITICAL ■~N the Manufacture of National Projector Carbons we are as exacting in our demands for QUALITY as the most critical exhibitor can be about the quality of his projection . . . That is why you will always find it safer, more economical and more satisfactory to insist on NATIONAL PROJECTOR CARBONS s^/// V\\> NATIONAL CARBON COMPANY, INC. / / 1 \ \\\\ Carbon Sales Division • Cleveland, Ohio / / \ \ Unit of Union Carbide I'm and Carbon Corporation Branch Sales Offices: New York Pittsburgh Chicago San Francisco