Motion Picture Daily (Jan-Mar 1952)

Record Details:

Something wrong or inaccurate about this page? Let us Know!

Thanks for helping us continually improve the quality of the Lantern search engine for all of our users! We have millions of scanned pages, so user reports are incredibly helpful for us to identify places where we can improve and update the metadata.

Please describe the issue below, and click "Submit" to send your comments to our team! If you'd prefer, you can also send us an email to mhdl@commarts.wisc.edu with your comments.




We use Optical Character Recognition (OCR) during our scanning and processing workflow to make the content of each page searchable. You can view the automatically generated text below as well as copy and paste individual pieces of text to quote in your own work.

Text recognition is never 100% accurate. Many parts of the scanned page may not be reflected in the OCR text output, including: images, page layout, certain fonts or handwriting.

2 Motion Picture daily Monday, January 21, 1952 RKO Radio in $23 -Million Note Cancellation RKO Radio has cancelled $23,032,693 in tliree per cent non-cumulative income notes which had been held by the parent company, RKO Pictures, and which recently were gratuitously transferred to the subsidiary. The transaction, which an RKO Pictures executive described as "pure bookkeeping," resulted in the parent company's having reduced its advances to subsidiary companies in that amount and having added the amount to its investment in capital stocks of subsidiaries. RKO Pictures still owns $5,967,307 worth of RKO Radio three per cent non-cumulative income notes. Additional!}', RKO Pictures reduced its investment in capital stocks of subsidiaries by $18,267,789, charging that amount to capital surplus, so that the investment amounted to $4,764,905 in light of the RKO Radio transfer transaction. The subsidiary reduced its three per cent notes payable account by the face amount of the cancelled notes, crediting its capital surplus with a like amount, and its deficit in earned surplus as at Jan. 1, 1952, was charged to capital surplus, with the result that the subsidiary's earned surplus deficit of $23,032,693 was thereby eliminated. RKO Pictures' capital surplus account was also credited in the amount of $8,098,525, as a result of the elimination of a reserve no longer required against the three per cent notes. 2,000 At Breakfast (Continued from page 1) will be given this year for the second time to the producer, director and writer of the most important and successful motion picture of the year, according to Christopher purposes, Father Keller emphasized that each individual connected with a motion picture can do a great deal to contribute to the production of entertainment of the highest moral standards, serving thereby the best interests both of the nation and the industry. Jane Wyatt and Leo McCarey, guests of honor, spoke briefly, and Margaret O'Brien read a prayer originally written for President Roosevelt. Alartin Quigley was master of ceremonies. Other guests included Jessica Dragonette, who sang the national anthem ; Gene, Kathleen and June Lockhart, Una O'Connor, Roddy McDowell, Robert Alda, Eddie Dowling, Giacinto Prandella and Mary Ann Wagner. Among the clergy present were Right Rev. Richard J. Pigott, pastor of Our Lady of Victory Church, representing His Eminence Francis Cardinal Spellman ; Rev. Patrick J. Masterson, executive secretary of the Legion of Decency, and Rev. Thomas F. Little, assistant secretary of the I^egion of Decency. Personal Mention Weisman Services Baltimokk, Jan. 20. — Funeral services for Harry Lee Weisman, Sr., 75, will be held here tomorrow with interment in L^judon Park Cemetery. Sti. F.-VBL-VN will leave here on • Thursday for the Coast. • Milton Klein^ chief auditor foi' Columbia Pictures, and his wife, announce the birth of a son, Mark Stetcn, at the Jewish Hospital, Brooklyn. This is their third child. • Jack Glenn, president of the Screen Directors Guild here, is recovering in Tarrj^town Hospital from an attack of pneumonia. • Oscar A. Doob, general theatre executive for Loew's, will return to New York today from a Palm Beach, Fla., vacation. • Edward C. Dowden, Loew's assistant advertising director, is due back at his office today after an illness of several weeks. • Ellis G. Arnall, president of the Society of Independent Motion Picture Producers, left New York on Saturday for Atlanta. • William B. Zoellner, head of M-G-M short subject and newsreel sales, is scheduled to return here today from a tour of Eastern exchanges. • Bernard Smith, Paramount producer, returned to the Coast over the weekend from New York. • Leonard Hirsch, M-G-M home office sales assistant, is scheduled to return here today from Washington. • Herman M. Levy, Theatre Owners of America general counsel, left New York yesterday for Los Angeles. • Charles Deesen, M-G-M home office sales assistant, is due back here today from Detroit. SI SEADLER, M-G-M advertising head, is scheduled to return here today from the Coast. • P. T. Dana, Universal Eastern sales manager ; Charles Simonelli, Eastern advertising-publicity manager, and Robert Ungerfeld, exploitation representative, are in Detroit to confer on premiere plans' for "Steel Town." • Edward L. Hyman, United Paramount Theatres vice-president, Max Fellerman, Al Sicignano and Bernard Levy, also of UPT, are scheduled to return here today from visits to Buffalo and Rochester. • John P. Byrne, Eastern sales manager for M-G-M, will arrive in Boston today for a week's visit with Benn H. Rosenwald, branch manager. • Earl Williams of the Royal Amusement Co., San Francisco, suffered a broken arm in a home accident. • Ben Goetz, head of M-G-M production in Britain, and Pier Angeli and her mother left here for London by plane yesterday. William Pine, producer, left New York over the weekend for Puerto Rico and Haiti. • Jay Eisenberg of M-G-M's home ofTice legal staff left here yesterday by plane for the West Coast. • J. J. CoHN, M-G-M studio executive, is in New York from the Coast. • John Green, head of M-G-M's studio music department, is in New York from the Coast. MGM Sales Meet in Chicago Jan. 28-29 M-G-M will hold a two-day sales conference of divisional sales managers at the Ambassador East Hotel m Chicago, starting Jan. 28, it was announced at the weekend by Charles M. Reagan, sales vice-president. General topics will be discussed with "Quo \'adis" top of the list. Attending from the home offices will be, in addition to Reagan, Edward M. Saunders, assistant general sales manager ; and Henderson M. Richey, exhibitor relations head. From the field will be John P. Byrne, Eastern sales manager ; John J, Maloney, Central sales, from Pittsburgh ; Rudy Berger, Southern, Washington ; Burtus Bishop, Jr., Chicago; John S. Allen, Southwestern, Dallas ; George A. Hickey, Western, Los Angeles. 33 in Albany TO A Now Albany, N. Y., Jan. 20.^Thc recently reactivated Theatre Owners of America unit of Albany now has 33 theatre members, it was reported by Harry Lamont, temporary chairman of the unit. Additional theatres and individual exhibitors are expected to join within the jiext few weeks, Lamont said. Schwartz to Coast For Name A ttr actions Sol Schwartz, president of RKO Theatres, is leaving for the Coast this week and will negotiate there with the heads of various talent agencies and some of the studio heads with a view to lining up a number of in person attractions for the Palace theatre here. Schwartz will also visit RKO theatre properties in Chicago, Los Angeles and San Francisco. Rank Now Milling Head London, Jan. 20.— J. Arthur Rank has been appointed chairman of Rank's, Ltd., the family's prosperous milling business. He succeeds his brother, J. V. Rank, who died recently. The latter's son, Joseph McArthur Rank, was appointed a director. Rank said he would continue to be "just as active and interested in films as heretofore" despite his taking over the new responsibilities. New ADTFC Affiliate The Associated Film Writers, East Coast screen writer's organization, has affiliated with the Association of Documentary and Television Film Cameramen. Newsreel Parade TT/' INSTON CHURCHILL'S address before Congress and, the zvelcome to Captain Carlsen mark current nezosreel highlights. Other items include the trial of Frank Costello, sports and fashions. Complete contents follow: MOVIETONE. NEWS, No.. 7— New York hails Captain Carlsen. Churchill speaks to Congress. Korea war films. Blizzard buries passenger train. NEWS OF THE DAY, No. 241— New York hails Carlsen. Rescue of snowbound train. Spotlight on Kefauver. Costello wins mis-trial. Beauty queens on parade. Churchill speaks. PARAMOUNT NEWS, No. 4H— Captain Carlsen captures New York City. Winston Churchill speaks to Congress. Passengers removed from snowbound train. TELENEWS DIGEST, No. SB— Churchill addresses Congress. France honors General de Lattre. Pastor Niemoeller back from Moscow. Snow traps train. Aid for India. Costello freed. Ballet on blades. UNIVERSAL NEWS, No. 527— Churchill speaks to Congress. Captain Carlsen welcomed home. PO'W camp in Korea. Train caught in California snow. \yARNER PATHE NEWS, No. 4« — Hail Carlsen. Churchill speaks to Congress. Snowbound train rescue. UN PO'W camp meets Geneva rules. Ratify Schuman plan. Beauty champs. Must Show Books in Percentage Actions Cincinnati, Jan. 20. — Inspection of all theatre books and records has been ordered by U. S. District Court here in four pending percentage actions in which the plaintiffs are Loew's, 20th Century-Fox, Warner Brothers and Universal. At the same time, the court denied motions by the exhibitor-defendants, one of which would require each plaintiff to choose which defendant is liable, whereas the claims are asserted against all defendants jointly and severally. The defendants in each action are Samuel, Allen and Louis Levin, Sherwood Theatres, Inc., Stardust Theatres, Inc. and Sky High Theatre, Inc. Theatres involved are the Sherwood Drive-In in Dayton, the Stardust Drive-In and the Ski-Hi Drive-In in Springfield. Paxton & Seasongood, of Cincinnati, are serving as attorneys for each plaintiff, with Sargoy & Stein of New York of counsel. Faughan in Price Post Albany, N. Y., Jan. 20. — James P. Faughan, Warner Theatres Upstate contact manager until last July when the post was eliminated, has been appointed district accounting executive in the local Price Stabilization office, at a salary of $8,360 yearly. Faughan had recently been a partner in a sign company which services theatres. Poli Houses Book 'Vadis' M-G-M's "Quo Vadis" will open Jan. 30 at the Poli theatres in New Haven, Springfield and Worcester, Mass. ; Feb. 6 at Poli houses in Bridgeport and Hartford, and Feb. 13 at the Poli, Waterbury, the distributor announces. MOTION PICTURE DAILY. Martin Quigley, Editor-m-Chief and Publisher; Sherwin Kane, Editor; Terry Rarasaye, Consulting Editor. Published daily, except Saturdays, Sundays and holidays, by Quigley Publishing Company, Inc., 1270 Sixth Avenue Rockefeller Center, New . York 20, N. Y. Telephone arcle 7-3100. Cable address: "Quigpubco, New York." Martin Quigley, President; Red Kann Vice-President; Martin Quigley, Jr., Vice-President; Theo J. Sullivan, Vice-President and Treasurer; Raymond Levy, Vice-President; Leo J. Brady, Secretary; James P. Cunningham, News Editor; Herbert V. Fecke Advertising Manager; Gus H. Fausel, Production Manager. Hollywood Bureau, Yucca-Vine Building, William R. Weaver, Editor Chicago Bureau, 120 South LaSalle Street, Urben Farley, Advertising Representative, FI 6-3074; Bruce Trinz, Editorial Representative, 11 North Qark Street FR-2-2843. Washington, J. A. Otten, National Press Oub, Washington London Bureau, 4 Golden Sq., London Wl; Hope Burnup, Manager; Peter Burnup, Editor; cable address Quigpubco, London. Other Quigley Publications: Motion Picture Herald; Better Theatres and Theatre Sales, each published 13 times a year as a section of Motion Picture Herald; International Motion Picture Almanac; Fame. Entered as second-class matter, Sept. 21, 1938 at the post ofTice at New York N Y under ihc act of March 3, 1879. Subscription rates per year, $6 in the Americas and $12 foreign; single copies, 10c. ' . ■.