The Film Daily (1936)

Intimate in Character International in Scope Independent in Thought The Daily Newspaper Of Motion Pictures Now Eighteen Years Old -WAILY' VOL. 70, NO. 61 NEW YORK, FRIDAY. SEPTEMBER 11, 1936 TEN CENTS Loew Net for Year Estimated Highest Since 1931 SPITZ SAYS RKO PLAN JAY BE READY¥ MONTH N. J. Allied Discusses Three Major Problems at Meet Talk About Defense Fund, Block Booking and Film Situation By W. H. McMAHON FILM DAILY Staff Correspondent Atlantic City — New Jersey Allied ;ot down to business at yesterday's ession with discussions of the deense fund, product situation, and he Pettengill block booking bill. >Jo definite action will be taken until oday's meeting. President Lee W. Newbury presided and gave a lengthy report ouching on film buying, stating hat prosperous days would be here vhen direct rental was the only way o get films. He condemned the (Continued on Page 13) SPANISH STRIFE AID TO MEXICAN STUDIOS Mexico City — Stagnation in the ilm studios of Spain as a result of he hostilities in that country, oupled with the fact that Spanishipeaking nations are clamoring for rictures in their native tongue, is >roving a boon to studios here. Takng advantage of opportunity to sup (Continued on Page 4) Mo RKO-Para. Merger Plan Seen by Sabath Committee The Sabath Committee, which has ieen investigating the Paramount md RKO reorganizations is undertood to have reached the conclu;ion that no plan for merging the wo companies is being considered. How They Started Introducing today Lowell V. Calvert, general manager in charge of sales and distribution for Pioneer Pictures, Inc. and Selznick International Pictures, for both of which companies John Hay Whitney is chairman. Calvert broke into film biz 'way back in 1905 with Twin City Calcium Light Co., Minneapolis, which he left to join George K. Spoor in Chicago in selling equipment and film service. He also served with General Film Company, Finkelstein & Ruben as managing director of theaters, Educational Pictures and RCA Photophone. Art work as usual by "Hap Hadley Estimated Net of $6.50 for Loew's Highest Annual Profit in 5 Years Film Folk Favor Roosevelt West Coast Bur., THE FILM DAILY Hollywood— Majority of the film industry favors the re-election of President Roosevelt, according to James E. Sauter, vice-chairman of the motion picture division of the Democratic national campaign committee, which has opened local headquarters at the Plaza Hotel with Gabe Yorke in charge. Sauter planed east last night. Three Stories Acquired For New Monogram Program Acquisition of three stories for next season's Monogram Pictures lineup is announced by W. Ray Johnston, president. The yarns include "College Sweetheart," Albert Payson Terhune story published in Sat (Continued on Page 13) Net profit of Loew's, Inc. for the past fiscal year, ended in August, will amount to approximately $6.50 a share on the common stock, the best showing since 1931, according to a Dow-Jones estimate yesterday. This means that in the final quarter, usually the weakest because of the hot months, the company actually topped all previous quarters by (.Continued on Page 13) Rockefellers Cooperating On RKO Reorganization Plan, Says Spitz Leo Spitz, RKO president, said yesterday that he hoped a reorganization plan for RKO would be presented in 30 days. The Rockefellers are cooperating in the presentation of a plan, Spitz declared. RKO will be in the black during the third quarter, the RKO prexy said. He plans to stay in the east for some time. 6 B'WAY FIRST-RUNS HAVE HOLDOVER FILMS Holdover will be in effect at six Broadway first-run houses in the week starting today. Two of the attractions, "Swing Time" at the Music Hall and "Anthony Adverse" at the Strand, are in third weeks. The second-week tenants include "Gorgeous Hussy" at the Capitol, "The General Died at Dawn" at the Paramount, "Last of the Mohicans" at the Rivoli and "They Met in a Taxi" at the Globe. Tri-States Hikes Prices In Five Sioux City Houses Sioux City, la. — Prices were jolted upwards in five Tri-States theaters here this week. The houses are a part of the string of independents taken over by Tri-States two months ago. The Loop elevated admissions from 11 to 16 cents; Granada, 21 to 26 cents evenings; Rialto and Hipp, 11 to 16 cents for (Continued on Page 4) 4 Pittsburgh Holdovers Pittsburgh — Four holdovers in firstrun houses this week: "Romeo and Juliet" at the Nixon, "Gorgeous Hussy" at the Penn, "My Man Godfrey" at the Fulton and "Anthony Adverse" at the Stanley.