Motion Picture Daily (Jan-Mar 1934)

MOTION PICTURE DAILY Saturday, January 20, 1934 MOTION PICTURE DAILY (Registered U. S. Patent Office) Vol. 35 January 20, 1934 No. 17 Martin Quigley Editor-in-Chief and Publisher MAURICE KANN Editor JAMES A. CRON Advertising Manager Published daily except Sunday and holidays by Motion Picture Daily, Inc., subsidiary of Quigley Publications, Inc., Martin Quigley, President; Colvin Brown, Vice-President and Treasurer. Publication Office: 1790 Broadway, New *ork. Telephone Circle 7-3100. Cable address "Quigpubco, New York." All contents copyrighted 1934 by Motion Picture Daily, Inc. Address all correspondence to the New York Office. Other Quigley publications: MOTION PICTURE HERALD, BETTER THEATRES, THE MOTION PICTURE ALMANAC and THE CH1CAGOAN. Hollywood Bureau: Postal Union Life Building, Vine and Yucca Streets, Victor M. Shapiro, Manager; Chicago Bureau: 407 South Dearborn Street, Edwin S. Clifford, manager; London Bureau: 1021 A Finchley Road, Golders Green, Bernard Charman, Representative; Berlin Bureau: Berlin-Tenipelhof, Kaiserin-Augustastrasse 28, Joachim K. Rutenberg, Representative; Paris Bureau: 19, Rue de la Cour-des-Noues, Pierre Autre, Representative; Rome Bureau: Viale Gorizia, Vittorio Mdlpassuti, Representative; Sydney Bureau: 102 Sussex Street, Cliff Holt, Representative; Mexico City Bureau: Apartado 269, James Lockhart, Representative; Glasgow Bureau: 86 Dundrennan Road, G. Holmes, Representative; Budapest Bureau: 11 Olaaz Fasor 17, Endre Hevesi, Representative. Entered as second class matter January 4, 1926 at the Post Office at New York City, N. Y., under Act of March 3, 1879. Subscription rates per year: $6 in the Americas, except Canada $15 and foreign $12. Single copies: 10 cents. Flash Reviews "Coming Out Party" (.Fox) Hollywood, Jan. 19. — Aimed at women, this picture should please as program evaluation. . . . "16 Fathoms Deep" (Monogram) There is a moderate amount of entertainment in it. . . . The biggest asset is its photography. Full reviews of these films will appear in a later issue of Motion Picture Daily. MOTION PICTURE ALMANAC 1954-55 NOW /A/ P/i£PA/iAT/OA/ WHERE THE WORLD LOOKS FOR MOTION PICTURE ,5, Income Tax in '31 Hit 3,061 Concerns (Continued from page 1) years of $3,166,000. The total income tax collected from these corporations was $3,496,000. The 4,657 amusement corporations showing no net income had a gross income for the year of $735,980,000 and a deficit of $61,152,000. The remaining 1,084 corporations were inactive and had no income. Analysis of the amusement returns showed that 234 were filed by film producers, 54 of which reported gross income of $29,696,000 and net income of $2,698,000, paying a tax of $318,000, while 145 had a gross income of $412,252,000 and a deficit of $11,372. Thirty-five producing corporations were inactive. Returns were filed by 2,387 picture theatre corporations, 1,167 of which, with gross income of $276,519,000 and net of $26,005,000, paid a tax of $2,638,000, while 72 were inactive, and 1,148, with gross income of $208,133,000, showed a deficit of $21,582,000. Houston Turns Out To Welcome Horwitz Houston, Jan. 19.— Nearly 3,000 citizens turned out at the City Auditorium to welcome Will Horwitz back home after he had served seven months in the Leavenworth prison for operation of a lottery in connection with a radio station at Reynosa, Mexico. Rev. William States Jacobs presided. Addresses were made by city commissioners and attorneys. Horwitz responded "and said he would devote himself entirely to his theatres in the future. Labor unions sponsored the gathering. Rogers and Warner Reported in Dicker Hollywood, Jan. 19. — H. M. Warner is week-ending at Agua Caliente with Charles R. Rogers and rumors are current that the latter will join Warners as a producer on the basis under which he has been operating at Paramount. Court Hears Allied Theatres' Arguments Counsel for Manufacturers' Trust Co., trustees under an indenture for $9,000,000 in bonds issued by the Allied Owners Corp., yesterday asked Federal Judge Robert A. Inch of Brooklyn for permission to foreclose on five theatres of the concern — Loew's Valencia in Jamaica, the Pitkin, the Kings and the Paramount in Brooklyn and a theatre in Birmingham, Ala. It was contended that all efforts to reach an agreement with the trustees in bankruptcy for Allied Owners Corp. had proved unsuccessful during the last five months. Counsel for the trustees in bankruptcy, Monroe Goldwater, opposed the foreclosure application and said that the Manufacturers Trust Co.'s only interest was in getting the fees and in the welfare of the bondholders. Goldwater said that three of the theatres have been included in a purchase agreement with Loew's, Inc., who are willing to pay $10,000,000 for them. However, Loew's, Inc., has recently refused to make the $58,000 monthly payments called for in the purchase agreement on the ground that it cannot be assured that the trustees can legally turn over the theatres to the buyers. Judge Inch directed that memoranda be exchanged and that all papers in the case be submitted to him for decision next Wednesdav. Court to Act Upon Appeal by Quittner An action furthering an appeal of the Edward Quittner monopoly suit against major distributors for $5,200.000 triple damages was assigned yesterday to Federal Judge Francis G. Caffey to be heard in chambers next Friday. The action seeks leave to determine the content of the record to be submitted to the U. S. Circuit Court of Appeals. If decided in Quittner's favor, the plaintiff will be ready to proceed with the appeal at once, according to his attorneys, Graham & Reynolds. An adverse decision would mean a further delay in bringing the action before the higher court, it was said. Quittner's suit was dismissed by the U. S. District Court here after a lengthy trial last Spring. Many Stocks Take Big Profits Net Hiirh Low Close Change Columbia Pictures, vtc 2634 2S?4 26^4 +154 Consolidated Film Industries 354 354 354 + ZA Consolidated Film Industries pfd 135i 12?4 1356 + Si Eastman Kodak 87 84$4 8654 +1?4 Eastman Kodak pfd 120 120 120 —1 Fox Film "A" 1554 14 1554 +l'/4 Keith-Albee-Orpheum pfd 20 20 20 +5 Loew's Inc. ." 2954 27 2954 +2 Loew s Inc. pfd 80 80 80 — 54 Paramount cts 354 2% 356 + % Pathe Exchange \% 1^ \% +% Pathe Exchange "A" 12^ 1154 123S + 34 rko M 2-5/8 3 +y4 Universal Pictures pfd 24 23 24 +1 Warner Bros. 634 5% 634 + % Warner Bros, pfd 2034 1854 20% +4Vs Technicolor in ys-Point Loss Net „ , . , High Low Close Change lechnicolor 914 9 9^ — % Paramount Publix Declines V2 Net / , rr, . , High Low Close Change General Theatre Equip. 6s '40 654 654 &/, + rf General Theatre Equip. 6s '40 ctf 654 654 654 .... Loew's 6s '41 ww deb rights 90 90 90 + 54 Paramount F. L. 6s '47 397/ 3974 3974 I (1 Paramount Publix 554s. 'SO 37 37 37 Iv Warner Bros. 6s '39 wd 4654 453,4 46 — 54 Sales 200 100 700 2.000 2.000 500 100 10,500 100 6.400 100 100 2.700 2.000 3,600 100 Sales 400 Sales 9 1 1 2 2 12 Columbia Men Hold Sales Confab Here (Continued from page 1) Safron, eastern division sales manager, attending. One of the principal topics of discussion will be special campaigns for "It Happened One Night," "No Greater Glory," "Twentieth Century" and "Red Square." Home office executives who will attend will be: Jack Cohn, vice-president ; Abe Montague, Rube jackter, Louis Weinberg, J. W. MacFarland, Lou Astor, Milton Hannock and Maurice Grad. Sam Moscow, southern division manager, will represent the southern offices. Eastern division men to attend will be: Branch Managers, Nat Cohn and Ed Schnitzer. New York; C. N. Johnston, Albany; T. F. O'Toole. Boston: Joe Miller, Buffalo; I. H. Regovin, New Haven; H. E. Weiner. Philadelphia: A. H. Levy, Pittsburgh, and S. A. Galanty, Washington. Laemmle's Birthday Is Observed at "U" I Iollywooi), Jan. 19. — Celebrating Carl Laemmle's 67th birthday, Universal executives, directors, writers and contract players gathered on one of the stages to help him partake of a 67-pound cake. In the evening the veteran producer was host to 100 business associates, at his Beverlv Hills home. SMPE Board Meeting The S.M.P.E. board of directors' met yesterday to discuss the changes in membership proposed at the last meeting of the society. If the new plan is accepted, two classes of membership will be supplemented by a third, to be known as "fellows," with a fee of $20 annually. A reduction of membership fees was also discussed with the decisions of the board to be made public some time today. Para. Starting Five Hollywood, Jan. 19. — Five productions are being placed in work this week at the Paramount studios with the arrival of Adolph Zukor on the coast. Thev are "Melody in Spring," "The Man 'Who Broke His Heart,""The Baby in the Ice Box," "We'reNot Dressing" and "The Trumpet Blows." Meet Again on Unit Second meeting between A. H. Schwartz and Jack Springer and Sam Cocalis of the Springer & Cocalis circuit to form a new independent exhibitor unit locally was held yesterdaymorning. Lee Ochs is reported interested as well as George Skouras. To Trade Show "Nana" United Artists will hold trade showings in all cities but New York on "Nana" on Jan. 23. The local showing is being dropped in view of the picture opening at the Music Hall on Feb. 1. Ampa Elections May 1 Ampa's annual elections are to be held on May 1 instead of Oct. 1. The dates were inadvertently reversed yesterday in Motion Picture Daily.