Motion Picture Daily (Jan-Mar 1951)

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4 Motion Picture Daily Wednesday, March 7, 1951 GPE Reports Net Of $871,899 General Precision Equipment Corp. and subsidiary companies yesterday reported that consolidated net income for 1950 amounted to $871,899 after all charges, which was increased by $269,199 as an adjustment to capital assets for plant relocation expenditures charged to profit and loss in 1945, and 1946 and 1947 but disallowed as Federal income tax deductions. Net earnings, before the special item of $269,199, were equal to $1.45 a share on the 601,087 shares of common stock, and, after, to $1.90 a share. Consolidated net income for 1949 amounted to $456,485. Review Para.'s Schedule (Continued from\ page 1) has added the film, "Cross winds." _ The changes were made following a three-day meeting of division managers held here, at which a detailed account of the merchandising of these films was made. Russell Holman, Eastern production head, reported on the overall product situation at the company's Coast studios. Adolph Zukor, chairman of the Paramount Pictures board, also addressed the gathering. Other speakers were : Joseph Hazen, president of Hal Wallis Productions, Oscar A. Morgan, short subjects and newsreel sales manager, Jerome Pickman, acting director of advertisingpublicity, Sid Blumenstock, advertising manager and Ted O'Shea, distribution vice-president. Division managers attending were The Lemon Drop Kid" (Paramount) Hollywood, March 6. CONSISTENT Bob Hope, numbered among the top ten in Quigley Publications' Annual "Money-Making Stars" Poll for the past ten years, comes through again for his followers in another Damon Runyon story about picturesque Broadway characters and their oblique regard for law, manners, decorum and the "King's English." This time, with Marilyn Maxwell alongside and Lloyd Nolan opposing he portrays a colorful race track tout who inadvertently causes gangster bred Clark a whopping loss on a phony tip and is given 23 days to restore it or be bumped off. The principal scene is in New York, with a cast that includes Jane Darwell, Andrea King, Jay C. Flippen, and many other dependables, figuring in Runyonesque complications and situations building toward a typical Hope-type finish. The picture promises to do a typical Hopetype business, too. . . The story based by Edmund Belom on Runyon s original of the same title, relies mainly on situations for its humor, with dialogue running secondary, although plentifully supplied with quips and gags. Time covered is 23 days ending Christmas— and Hope's method for obtaining needed money entails quasi-fraudulent street collections by hoodlums garbed as Santa Claus. While this nets a large number of laughs, and is handled carefully for the most part it also could disturb the customers who regard Christmas and its customs more reverently than Beloin and Runyon. Also on the borderline, for people who are not Runyon devotees, is a steady use of Runyon's "Old Dolls term for a°-ed ladies, which might well have been revised for picture purposes Overall however, the picture, produced by Robert L. Welch and directed by Sidney Lanfield, rates a favorable comparison with previous Hope ^Hope's portrayal is his usual excellent job, and Miss Maxwell is an attractive partner in the romantic relationship. Both also handle the song numbers well although these do slow up the story considerably. In view of the present market preference for comedy subjects, this attraction appears sure to score handsomely. tj A •, Runnino time 91 minutes. General audience classification, bor April re< " B ' William R. Weaver lccLSc. 4LV Moves Against 3rd SOPEG Shop IATSE Motion Picture Home Office Employes Local No. H-63 here has widened its current invasion of "white collar" units held by Screen Office and Professional Employes Guild. Russell M. Moss, H-63 executive vice-president, said yesterday that the local has signed up enough employes at the 20th-Fox New York exchange to entitle H-63 to call for a collective bargaining election under National Labor Relations Board auspices. The 20th-Fox exchange is the third SOPEG unit to be invaded by H-63 since the first of the year. The local has filed with NLRB bids for elections at two others, at Paramount's home office and at Loew's New York exchange. Ontario Tax Cut (Continued from page 1) Hugh Owen, Eastern and Southern; Duke Clark, South-Central; J. J. Donohue, Central; Howard Minsky, Mideastern, and George A. Smith, Western. ^ery Important RiblicatbnS AVer/ Important picture, .fery Important personality! THE SEASON A Paramount Picture **is one of 1951 boxoffice winners! 99 — Boxoffice Pay Hike Pact (Continued from page 1) through with a "go ahead" in the form of approval of the DeLuxe deal was expressed here yesterday by _ Russell M. Moss, executive vice-president of the "IA" local. He based his belief on the fact that the industry is one whose "prices" have not been frozen, and held that the WSB would be influenced by that circumstance. Harold Spivak, the local's counsel, and Norman Steinberg, 20th-Fox attorney, will join in taking the agreement to the WSB for a verdict. The DeLuxe pact calls for pay increases of 10 per cent above existing salaries, or $4.50 weekly, whichever is greater. Additionally, it calls for new minimum hiring rates as high as $7 over prevailing rates. post was 20 per cent. This indicates continued improvement in gross theatre business in Ontario. Commenting on the Premier's speech, John Fitzgibbons, president of Famous Players Canadian Corp., and chairman of the Motion Picture Industry Council of Canada, said he does not feel the provincial tax reduction would enable exhibitors _ to reduce admission prices due to rising costs of theatre operation. UK Quota Defaults (Continued from, page 1) AAA Now Covers (Continued from page 1) US mm l as Mother of the Groom 1 t glitters I brightest... is sockeroo ! 99 I — Variety § Speaking before an AAA dinner audience at the Waldorf-Astoria Hotel here, Croft said that the Association has arbitration panels in 1,600 cities. He said that 80 per cent of the union contracts in the country now contain arbitration clauses. Highlight of the dinner was the bestowal upon Dr. John R. Steelman, assistant to President Truman, of the AAA's medal for distinguished service in industrial relations. Cyrus S. Ching, head of the Wage Stabilization Board, made the presentation. A message from Truman lauding the achievements of both Steelman and the AAA was read to the 700 persons present at the banquet. allowing these reliefs, the average prescribed quota for the country as a whole was 33.6 per cent. The report showed that 1,874 theatres achieved or exceeded the prescribed quota, while 2,335 defaulted. Corwin Acquires 'Planef Hollywood, March 6. — Sherrill Corwin today announced the outright purchase of "Man from Planet X," produced independently by Aubrey Wisberg and Jack Pollexfen. Fly to fun and relaxation on a Bezel Acquires Interest Detroit, March 6. — Albert Dezel acquired the interest of Leon Weingarden in the Guild Theatre Corp., operating the Coronet Theatre here. Sam Carver will continue as man?ging director. in the Southwest Sun Country You're only hours a way, by TWA,from "Q. V." fun in Southern California or Arizona. Save on TWA Family Fares. Call your travel agent or TWA. WA TRANS WORLD AIRLINES U.S.A. • EUROPE • AFRICA . ASIA