Motion Picture Daily (Jan-Mar 1934)

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MOTION PICTURE DAILY Friday, March 9, 192' MOTION PICTURE DAILY (Registered U. S. Patent Office) Vol. 35 March 9, 1934 No. 56 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 York. 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 CHICAGOAN. 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: 6 Brookland Close, Hampstead Garden Suburb, Bernard Char man, Representative; Berlin Bureau: Berlin-Tempelhof, Kaiserin-Augustastrasse 28, Joachim K. Rutcnberg, Representative; Paris Bureau: 19, Rue de la Cour-des-Noues, Pierre Autre, Representative; Rome Bureau: Viale Gorizia, Vittorio Malpassuti, 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. Pathe Broadcast Off The Pathe News-Absorbine Jr. proposed broadcast, scheduled to start Feb. 18 over 13 stations of the Yankee network, is off indefinitely, according to Irwin Wasey & Co., advertising agents handling the account. The hitch is said to be the ban of the National Broadcasting Co. on broadcasting from records, the Pathe sound track evidently being classified as a record. New Series for Hoffberg J. H. Hoffberg Co. is releasing a series of American and Spanish features and shorts with distribution, except for California, New Mexico and Arizona, handled from New York. In California, Spanish International Pictures is handling the output ; in New Mexico and Arizona. Scott Amusement Co. Have 12 Polish Films Majestic is releasing 12 Polish films in 100 towns in this country where there are Polish speaking populations. The first of the series, "The Spy," is now in its second week at the Caruso. Al Friedlander Returns Al Friedlander yesterday returned from a three-week tour of First Division exchanges. Jimmy Rose has succeeded William Raynor as Albany manager. Loews Sail March 17 Arthur and Mrs. Loew sail on the Conte di Savoia March 17 for a six weeks' tour of Europe. The Loews recently returned from Australia. Insiders' Outlook "\J O probability of RKO being discharged from receivership before next fall at the earliest is in the cards, say those closest to the equity proceedings of the company. The most obvious reason is the time required to hear and settle those creditors' claims filed against the company in the amount of more than $23,000,000, exclusive of a Rockefeller Center claim for approximately $15,000,000. Progress made to date on the hearing of the claims indicates conclusively that October is the earliest date by which an end to the receivership could be effected. Just as likely is a wind-up next January, which would make an even twoyear receivership for the company. . . . ▼ The basis of a reorganization plan for the company has taken pretty definite shape in the minds of important creditor groups, but no further development of it can be expected until outstanding claims have been settled, giving definite knowledge thereby of just what RKO's liabilities are. No reorganization plan can be completed until that knowledge is at hand. In the meantime, the new RKO-Rockefeller Center lease on the Radio City theatres, just approved by the U. S. District Court here, offers some distinct advantages over the original lease which was voided by the RKO receivership. . . . T The original lease called for a monthly rental of $79,800 on the Music Hall and Center. The new one calls for $50,000 per month only after operating expenses of the houses have been taken care of and special reserve accounts of $125,000 aggregate maintained. Even if profits mount to prosperity levels, the 50 per cent of the balance after the aforementioned items have been taken care of, which goes to Rockefeller Center as additional rent, cannot exceed the $79,800 monthly rent which was fixed by the original lease. Only one disturbing element in the arrangement — Rockefeller Center reserves the right to cancel the lease almost at will. . . . T Of paramount interest is the decision of the New York State Court of Appeals in the longcontested Bercovici-DeMille case on dialogue rights of "The Volga Boatman, produced by Ceebee silent in 1924 and in sound later on the one-story buy. The author claimed he had never sold dialogue rights and sued on them. The Supreme Court ruled him in the wrong. Now comes the appeals court, highest legal bench in the state, to uphold the lower court. The decision is precedent-establishing and holds conveyance of the dramatic rights of a story prior to introduction of talking pictures carried with such conveyance talking picture rights at one and the same time. In the early days of sound, producers, bulking them, went into six figures to cover dialogue rights of properties at the time or earlier acquired. It wTould seem now they didn't have to do any such thing or spend any such money. However, there's the future and its consolation. . . . ▼ Representative Patman's pet bill is to get an airing after all these months. He is the Texan legislator who disturbed some Hays members mightily months backwhen, by original introduction of his bill, he made all answers difficult through incorporating for enactment the self-imposed Hays Stocks Up on Big Board High Low Close Columbia Pictures, vtc 25 2454 25 Consolidated Film Industries 45^ 454 456 Consolidated Film Industries, pfd 1654 1654 16>£ Eastman Kodak 8954 8654 8954 Fox Film "A" 145/6 1454 14M Loew's. Inc 3254 3054 32 M-G-M, pfd 22J4 2254 2254 Paramount, cts ■ 554 4M SVs Pathe Exchange 3M 356 3M Pathe Exchange "A" 19*6 1854 1954 RKO 356 35* 3$* Warner Bros 6% 654 654 Curb Stocks Stationary High Low Close Technicolor 954 9 954 Trans Lux 254 254 254 Keith Bonds Fall 1% Points High Low Close General Theatre Equipment 6s '40 954 9 956 Keith B. F. 6s '46 6354 6354 6354 Loew's 6s '41, ww deb rights 95 94% 95 Paramount Broadway 554s '51 335-2 33 33 Paramount F. L. 6s '47 46 45 46 Paramount Publix 554s '50 45 4454 45 RKO 6s '41, pp 38 38 38 Warner Bros. 6s '39, wd 55 54 55 Net Change + 54 + % + Vs +254 + 54 +1 54 + Mi + 54 + 54 + 54 + H Net Change Net Change 54 —154 4 V-> + Si + 54 + 54 Sales 500 200 700 1.000 600 12.500 100 14.300 7.000 2.700 3.000 9.400 Sales 300 100 Sales 12 1 13 10 production code of ethics. Slight ly embarrassing, you can readily see. . . . Big local theatre move mooching around. What? Now wait just a minute. . . . K A N N i Purely Personal i CLARK GABLE and Ramon |< varro have said goodbye to Ne-j York. The former is due on the coaJ Monday to start work in "Manhatta. Melodrama.' The latter will dally Chicago for a week to fill a stad engagement before heading for Holb! wood. Harry C. Arthur and Joe PluJ kett have been neighbors on til eighth floor of the Bond Building m many months and found out about j only yesterday when they met at tlj elevator. H. M. Warner, Al Jolson, Charles Einfeld and MortBlume: stock leave for Philadelphia today attend the opening of "Wonder Ba tomorrow night. Phil Reisman brought back wi him a bottle of Cognac dated 1811. I, doesn't know whether to put it in tl vault for safekeeping or drink it. Ed Kiykendall plans one of h| infrequent visits to his Columbi Miss., home shortly after the ne j Code Authority meeting on Monda Myron Sattler, New York e| change manager for Paramoui leaves March 22 on the Vcraf/ua f a two weeks' southern cruise. Lanny Ross reached New Y< last night from the coast to resui i his broadcasting. He has been wor ing for Paramount. H. William Fitelsox. film attc ney, returned yesterday from a weeks' European trip. Herman Robbins, president of X tional Screen Service, is basking the Florida sun. Eddie Aaron, assistant to W, Rogers of M-G-M, is making a tour] all exchanges. Herman Gluckman is celebrati his 18th anniversary in the busine this month. George White gets back from Coast tomorrow and will go to Warwick. John M. Crinnion, executive vie president of Amity Pictures, is ba from a three-week vacation in Miar' Charles W. Bunn, Erpi sa manager, is back from a business ti to Texas. Bill Scully has taken to the ro again for a short sales trip i M-G-M. Hai, Horne left for Bermuda y( terday to recuperate from a recent ness. John Monk Saunders' "Mann* Maketh the Man" has been sold M-G-M. Sam Morris returns to his off next week. Date undecided yet. Henry Sherek. British stage pi ducer, is in New York from Londc Jack Springer added another y< to his age last week. Jack Steinman returns from ^ ami on Monday.