Motion Picture Daily (Oct-Dec 1956)

Motion Picture Daily Thursday, October 11, PERSONAL MENTION HARRY COHN, president of Columbia Pictures, returned to the ("oast last night from New York. • Lacy W. Kastner, president of Columbia International, will leave New York today for London via B.O.A.C. William ]. Heineman, United Artists \ ice-president in charge of distribution, will leave here today for Montana. Lew Wassekman, president of Music Corp. of America has returned to New York from Europe. • Nat Levy, Eastern sales manager lor RKO Radio, left here yesterday for Gloversville, N. Y. • Sy Bartlett, producer, will return to New York from Spain on Monday. • Armond Deutsch, producer, will arrive here on Monday from the Coast. • Stephan Mitchell, producer, will return to New York today from London via B.O.A.C. Columbia to Use Shorts For Nation-wide Contest A star identification contest aimed at stimulating the box office has been incorporated into a series of ten color short subjects by Columbia Pictures, it was announced yesterday by Maurice Grad, the company's short subjects sales manager. Called "Guess ? Who," the contests will be featured in "Screen Snapshots," a one-reel series which is entering its 36th consecutive year, Grad said. Patrons will be asked to identify film stars, who will appear in disguise in several scenes in each "Snapshots" release. Contestants will send their identifications to Columbia in Hollywood, accompanied with their choice of a £a\ orite motion picture star and a letter of 100 words or less explaining why. One national winner will be selected with each "Snapshot" release, winning a free week's trip to Hollywood. No Paper Tomorrow MOTION PICTURE DAILY will not be published tomorrow, Oct. 12, Columbus Day, a legal holiday. TV. M. Schenck (Continued from page 1) week that "New York" had talked to him about the Loew's presidency but added that questions concerning his obligations to his independent producing company prevented an immediate decision. Loew's resignation is effective Nov. 15 and is scheduled to be acted upon by the company's board of directors at its meeting next Wednesday. U. S. Exhibitors ( Continued from page 1 ) is Myron N. Blank and Allied States' representative is Julius M. Gordon, both of whom attended the last meeting of UIEC in Rome last year. Among the other countries who will send representatives to Switzerland for the convention are Germany, Belgium, Holland, Spain, Great Britain, France, Israel, Italy and Sweden. Universal Dividend The board of directors of Universal Pictures has declared a quarterly dividend of $1.0625 per share on the 4*4 per cent cumulative preferred stock of Allied Officers Hold Special Meeting Here A meeting of the top officers of Allied States Association took place here yesterday at which time a number of current industry topics, including the Allied forthcoming convention, was discussed, it was reported. Attending the conference in the offices of David Snaper Theatres were Rube Shor, Allied president; Ben Marcus, and Wilbur Snaper, members of the executive committee and both past presidents of the organization; Jack Kirsch, chairman of the Allied Emergency Defense Committee, and Irving Dollinger, treasurer. Shor, who recently was released from a Cincinnati hospital, where he was a patient for a few days, declined to comment on the meeting, saying he is in New York for a "rest." However, it was reported that the Allied officers discussed the possibility of setting up a meeting with COMPO or its committee, headed by Emanuel Frisch, to attempt to "reconcile differences.' the company. The dividend is payable Dec. 1 to stockholders of record at the close of business on Nov. 16. A REBEL Loans of SB j ( Continued from page 1 ) title to the collateral." SBA \ not clear a mortgage, he said for the purpose of transferring it the present mortgagee. As a hypothetical case he cil " theatre owner applying for a $3 loan. If the building was j $200,000, he said, and the tf owner owed $25,000 on his mort SBA would lend him $55,000. O $30,000 would be for modernia and $25,000 would be to retin mortgage. Avoids 'Low Liquidating Val There might even be a easel official said, where SBA might a second mortgage on a theat i j order to guarantee the loan, pointed out, however, that ' 'th< have a fairly low liquidating for loan purposes" and that the gage would be below the replace cost of the theatre. The official said that SBA \ have to decide on an individual all loan cases where there w; existing mortgage on a theatre. Where there is a substantial gage on a theatre, he declared, generally would feel that other were available to that theatre that the agency, under its rules not grant a loan. He went on t< however, that in cases where a gage could not be cleared, it be possible for SBA to make a using as collateral a chattel mor on the theatre equipment or a gage on other real estate hel the theatre owner. Some Without Collateral It would also be possible, wh mortgage can't be cleared, for a tre owner to get a small SBA r. ipation loan without collatera said. Under those circumstance explained, a bank pays part o loan and SBA pays the rest, would pay $15,000 or 75 per ce the loan— whichever was the 1 figure. If the bank is satisfied the future prospects of the th the official stated, SBA would a the bank's recommendation and \ grant the loan without collate SBA will also grant loans to pis' who lease theatres, the official SBA may place a chattel moi on the theatre equipment, he J or may mortgage other real belonging to the theatre lessee, would also be a participation Honor DeMille Todd Cecil B. DeMille will be hono, a luncheon to be held at the > politan Club here today. Gro\ Whalen, chairman, will accord t to DeMille as producer of mount's "The Ten Commandn MOTION" PICTURE DAILY, Martin Quigley. Editor-in Chief and Publisher; Sherwin Kane, Editor; James D. Ivers, Managing Editor, . Photo Editor: Herbert V. Fecke. Advertising Manager; Gus H Fausel, Production Manager; Hollywood Bureau, Yucca-Vine Building. Samuel D. Berns, Manager; jWm'^rn.,^ \ Richard Gertner. News Editor; Floyd E. er; William R. \ 2, Hope William except Saturd; "Quigpubco, New York. Fd tor Telephone HOllywood 7-2145; Washington, T. A. Otten, National Press Club, Washington, D. ('.; London Bureau, 4, Bear St., Leicester S'runre nun Manager' Peter Burnup Editor: William Pay", News Editor. Correspondents in the principal capitals of the world. Motion Picture Daily is published daily except Saturday da s and 'holidays, bv Ouigley Publishing Company, Inc., 1270 Sixth Avenue, Ro-kefeller Center, New York 20. Telephone Circle 7-3100. Cable address . Oiiglev President Martin Quigley. Jr., Vice-President: Theo. T. Sullivan, Vice-President and Treasurer; Leo J. Brady. Secretary. Other Qu.gley Publications: Motion Picture 1 ivttpr Theatres and Better Refreshment Merchandising, each published 13 times a year as a section of Motion Picture Herald; Television Today, published once weekly as a J Motion Picture Daily. 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