Variety (June 1933)

VARIETY PIC¥HIIES IVcisday, Jane 6, 1933^ Leailnig St^ks WhuM dp Aneur; nik Above St: Fox Chunied Undismayed by last week's threat of a eietl>ac;k, the inarl(^!t'« bull spon Bors: took prieies in. hand yesterday ^on.) ftfter a lower opening and -whirled tH*m up approximately to the best of Jaet week. Turnover was above' 5,000;000 -shares and prices were near the best of the diay at the close. ' Aynnsementis^' played a. jfalrly im- portdint t>fi^rt in the upturjuv mp^X. of «h<ei ftctlve issues eoine, to their tops of last w6ek» whiieh were thci best priceei of !th« recovery. Iioew's touched' 22^,- but . save up about a point in the It^st few minutes. . Saine, company's bonds. sho$<ahea,d, cross« Ins 80 for a h^t gain:>o£ «.bQut points. Fpx, which had held back from last week's, vigoroua ruhr-up^ ifot Info th6.moyem«nt/yesterday, erossli>g Its best, price for. th^ year at 4% ; , Kodak pushed through its •fornver. jieafc of 83 by a,friiiction and a ! niimbejc. <4 the ^ pehioj* issues, among, them Loew's^.! Uhfyeirsiat and Orpheum» .iesti^blished new- highs. for the year or longer. ;' . - Nathlrig.in-1;he_new.4 'applied cspe- ci^ily tb :the theaire :shaxe0, -which" got thW ifiilpirjatlp^^ In thii& geiheral ihisirket. ■ ]^ly ;ea$& ctirried t»y©r from Sat- ubdity'ti -^eakiiess aiid ialeo was due tcs' ibiwer prices fOr wheat s^nd cot^ tpri; Qtfotallbns tor these <:om- xnodlties Urmed. iip later, and the market rallied around several con-' 'spiouously strong spots like JU1164- Chemical, ■W?estern Union and Case, tbe: tunk around comii><S iu mid- aftiarnoo^iv 'i^d holding to .the .finish.. ^- ■': ^Anf usement^ Bert Week .. ■ The • amuiwment .stecka, enjoyed; their-r beat week-since- the acute, etfse of the deflifttlon set In more tha,ui,a year . jago.. .Practically every active issue reached-a new top for tKe y^'kri ahd ]^w'i8i th<^ COnx^ded miiirkfeii Ksilder of the '^oup, man- agiisd lit la--belated way to penetratec Its testadas price before th-e spring, uptburn. .3tock had several tim^^s; iapproach$d .and stg .often, backed away fifom 'the. yew's bfest of, 2t%,^ buf pn .Saturday ?oomed through that level to Score a hew peftk at The entli^" ifroup'dlaplayed some jui<^ gains, carried Tight to;. the close of .the w.eek,'. Among them, were S^ . net. advance for liOew's preferred «tnd , about 3% for the common; !Pitthe A iip a full point tot- aii 'advance- of 40% ; Warner Bfod. uit more thAn 2%; represent-: Ing a gain In^ a few days of about 100% or double its previouts stated value. Same:-company's preferred -was up (5, representing ^0.% gain, and Paramount certificates of de- posit more than doubled in price within a weelc< Radio climbed -on-^the-enormoys.-VOlumO-of- Jiearly. 6,00,000 shares, malting a new top for the year and longer* Performance of the bond section was equally sensational. Advances of 3 and more points were general -tltrbughout the liist, and Warner Bros, debentures shot ahead 10, points net to 35, new high level since its coWapse "i£ year ago be- low 10. These developments gave the market for amusements a fine, rosy a-spect,, except' that the background .of tbe whole movement, inspired a lively suspicion of manipulation.: The adyahce .-was' not In response to - a- gifiheral nidtket.movementi for the industrial averages closed Saturday with ia liet' advance of less tiian half a'pointi.41 .cents to be exact, Indlffepent 8ho:wlng of the leading (Continued -on pag^ 25) No Score for ?add/ ^ ■ ■ Ket 3al«h, 'niirli..L6w.Xiitst.cl>se. 100 Am. seat.,,-4% 4K 4% + % 8.200 Col. Fio..,. 18 ie%.17?6 +t% 100 Cons, F,.^ 4%- •*% '4%--%. 2,800 Con, P, pf. 12% 12 12% + 9i 2,000 Saat. X.,. 88J4'SI 63%+ % 12.000 rVa ...... 4% 4% J%+% 19,000 Lbew . .„. 22%. 20% ^% + % jiOO Loe-ir. pC;. to 67 TO +1% 120 Orph. pf.. 0% 8% 8U +1 4,000 Par ctte... 2% 1% 2%.+ % 17.200 Patha. . . 1% 1% 1%+ % 6,800 Patbe. pf.., 4% 4% .4%.+ % 05.600 UGA 0% *% 0%+% a.soO'RXo 4% .4 4%;+%- 48,800 W, B..... « 6% v..«.r>f% BONDS, >20,000 G«n. Thr. 6 5%, 6 — % 1,000 Xeltb .... 4ft 4R 45 ;-l .6.000 I«oew ^v,i. .81. ■'■ TI% .:fl0% +8% • 60.000.Pap-P:!*.,. 10% 14%,.10%.+!% 10,000 Par-^ub . . 15 10% W l.OOO^ AKO diab, . 22% 22% < 22% -t- % • M.OOO,.SW...B,.*,. 87 .;..84%. J(6%.-f 1%. - CCBB 2.M0 Gn;; Tta.> %; %., % .2.800 TecU. .... 8% 8% 8% 1,800 Titoaii; .. 8% 8% «% - *EUi-dlv. INDIE'S GESTURE Release 'Gold Diggers* Title to WB despite Suit Majestic will not tise ltd H3old Diggers of Piufia' title by private ar- rangeihbnt with Warner Brothers. Majestic made its fiilm but was sued by the Brothers, who attempted to stop them via in junction. Meantime Majestic changed Its film's, title to 'Glgblettes of Paris* and baa been selling it thus for the pftst two months. Subiseotuently, the court i^iiled that Majestic could continue to use the -Gold piggei'i^ title if It wishes. ' Claimed that there's no monet^Lry deal involved In Majesties easy ac- quiescence but that the indie com- pany, is doing it as a gesture. If Unlvertial Cltyi June 6. Universal will produce Ave serials for 'Zi-'ZA, same as for the current season, First to go in Is 'Gordon of Qiiost City,' with Buck Jones, starting' Jliiie 15. 'AdveniturOs of Ann,' a nni^lca,!, goes. In next > ITAtversal has. rerconsldered 'The Perils of Pauline,' fifter previously declding^ to-BhelV€h-theHBtory»_ and' Wilt likely do thiia remake of the early ■"Silent thriller a« . the third serial,.;,-- i 'i^hantbm of the Deep,*' undersea' story, %111 likely have Richard Tal-' mfL'dgb"- al3 iUUp. Taimadfee's ■ own boiiipUhy ^ has l»een at-a ' standistiU- ior-nifearly a year. A detective story, •Vanishing Shadbw,' completes the quintet. ■ jfeniy '>iacl^ae will again be In charge of-serial , iiroduction. liollywood^, Ju.ne 6.., tTniversal Wili produce <t .aeries of shorts using vaudeville acts only in the c^stisl, £:ach two reeler ip to have ,.eiis.C«<cts And-^an'nn c:, -witb; the fiiim, to be presented as a regur lar yaude bill. First one got.'.under -wiiy tbdfliy ipii^iy'.'affd :Tippn--lts-succe penda: whetli^r Uv^wiU complete the seriesi Acts... lined, up,, are Three. Cheiers, raidlo male trio; Sddie^ i^eii-- body; King, King and .Kiiig^ loiaie dance act; Alfred liatell;. 4bg Iml.- ttitibns; Hudson Sisters, acrobats'; aiid Xiorraine and Blgby, comedy team, Teddy Joycjet wili'm^ o. i Warren Doanei who produces Uf'S . shorts, is responsible for the idea, .^figuring the shorts can have a spot on film house, programs where .regula,r vaude would go,^ but Incurs too big a nut. Shorts will run «Cbottt:^-jnlnutes,-^lmmy--Horne- direpts the first.. CUT OmCE SI^ACE AS SAVING FOR RKO ■ Beduction of the operating oyerr, head at .lUSO is being engineered under the personal .direction of M. H. Aylesworth, Since Ayles- worth took the thing under his -own -wihg-a-couple- of w.eeka_backi RKO is on the road to save at least f6,O0O month in rental over head alone at Raidio City by cutting down the office space utilized by [he company from eight floors to five. The 9th and lOth floors of the RKO ':i3pace is to be cut out eh tirely, with the, viaude. booklngi :reai estate and transportation depart- irienlS lifted to the lltH floor, vrhere! the-theatre, operating end. is jcbnic'entirated, . \- Likely- ieilso that the eighth floor offices presently used, by the. legal dlSrisipn will'be shbved upstairs. ; Of the IlKO offices, only the :re ioelVership department used by the Irving Trust reps is presently on the loth floor. I In 'the -shifts vtbat are to occur, 'varibulB departments are-to be con solidated; removing additional ope- rating expenses. Hollywood, June 6. Fox has thrown out the entire special musical score written for ^ddy, the Next Beat TThing.' It will use instead standard selections with, Mary McCorimick, from grand ^peassu fl6ineUhe^5^W Switch was caiused'by the sl.u3ib^s unwillingness to play Janet Gaynor In another musical Immediaiely fol lb-Wing 'Adorable.' 3 MiAScdt Writers Hollywood, June 5, Mascot has engaged .three writers, to preipare a script, for its next feature, starting July 5, undtir direction of D. Ross Leaerman. Scribblers , are Rliorman Lowe, Al Jackson and Al Martin. New Par Termers for McCarey and juggles Hollywood, June Z. Leo McCarey and Wesley Ruggles get-n6w=one=yeajr-contracts.^t!Para= mount. McCarey's first direction will be the Marx Bros.' *Duck Soup R.uggles' contract begins with 'Shoe the Wild Mare,' from the Gene FoW' ler . novel. He still has to do 'I'm No Ahgel,' as. the la^t op his present paper. Harlan Thomipson- is doin; the treatment ,on the. latter. ; Eddie Sutherland has a..one-pic ture contract to direct and Mary .iJoland's option for another year, has been picked upj both at Par, Joyce-Sctznicli agency made all placements, \ ForH^Vaqik on Pk Bill PAR Tl»iOAN ROGERS STARS UNDER '34 DEAL HollyWOodj, June 6. Charles R^ tROgers hais signed' a new contract with. Paramount to prb-duce for* next season's program 10. ipilctures, two more than for this year's product. Agreement provided that in iaddition to featured play- ers, as heretofore, -Pariamount will, loan Rogers available stars. First star he will get is.Cary Grant for Swift Arrow,' an Indian story by Gael MacLean, which is initial pic- ture on new,, program; and tO- be done in color. Spyros Due on Coast Jms Angeles, June 5. Spyros Skour^B has jnade another start for, the coast and is now in St Louis. He's expected here by Friday for conference with Fox Wept Coast trustees. Hollywopd Brielly rewritten extract* from 'VarletyV Hollywood BulletiiK prlntc^ each Friday in Kbllywood, and; added to the regular weekly 'Variet^' The BiiUetin does not cireulatei other than on tho Pactfie Slope. : News from the Daillee in top Angelea will be found in that customary department. ' After penciling John Halliday into the 'Midnight Club* spot previously intended for Clive Brook. Para- mount .whipped the part into auoh shape as to get Brook's okay ;|gid.i the latter stepjped into it, with plo etartlng Thursday (1). Bkrney .SSareck and yera von Stein are preparing Mascot's next serial, 'The tAughlng Devil.* George Weekc^ Angeiua Produc- tiona has bought Tangled Liesk' an original story by George JSorgan. Muriel Kirkland has replaced Lilian Bond in .Unlversal'a .'Secret of the Blue Robin.'. ♦Hollywood Revue', is . the first Metro mUsical production asslish- ment handed LOu Silvers upon bla recent, return to the coast. Par Wants Ford Paramount is. negotiating for Corey Ford .to work with Joe. Man- kiewlcz on the scrOen treatment of Alice in Wonderland.' Fox has shifted' Htiirvey Stephens from cast of lievira in LovO' rto 'Paddy the. ^^%t Best Thlng.^ "Schedule conflicted actor's appear- .anco in Itpth |)lXt_ .. Hal Roach has put Lillian Andrus, non-pro, - under contract as a -come- dy ingenue. 'Her Splendid Follies,' by BeulaU Poynter. Helen . Brodertck. arrives her^^-l shortly for 'Flying to Rio,' Radio. Radio'a Eskimo Pilms: Ssklmo pictur^ 'Man of Two Worlds,* will be made by Radio. Ainsworth Morgan, the author, la on the lot oollaboratihg on the script with. Howard J. Green, Henry. Henigson haa postponed hta trip to Chiciago.two weeks. Triat date in hid suit against the Excel* sior Motor Manufacturing and Sup^^ ply Co. has been set back to latvtj this month. .;„j Tom Reed la writing an ori'glntiJL,',! ■mountaineer stbry^ fOr tiniversal. ^ ' Bert Hanloh is -writing dialog fOr •My Weakness,' vi^hlch .Biiddy Do' iSylva will produce'for'Fpx; v No Sideline . . Whenrthe Hays office checked.to. on the request of an alleged correj<< spondent for South Anierican news'-,,' loapers for studio ;credentials it was ' found he had. a line Of Indian rugs Which he hoped to peddle in th^' film lots. Didn't get the pa.ss, Paul Florence, N. Y„ dance direc* tor, returning .eB.st tp stage dances for Warner shorts at Flatbush". Normaii . .Krasna ha.B .<beeh bor- rowed by T^-^rbm Metro- to" work on script of 'Love, Honor. a,n'd Oh I Baby;' He replaces S. J, Perelman, who -walked after one day on the etory. Ward Morehouse flew here from New York for one week's -work at U on his story, 'One Glamorous Night.' Monogram' will star Ralph Forbes in three pix. First will be 'The Avenger.* ■ Edward' Small'wants to borrow Edward Sedgwiclc from Metro, to 'direct .'Joe Palooka,' for Reliance., Charles... Beymer, mag writer ,oj(. spy yarns; joihs Metro tO do an oiiglna.1, ■ Daniel J'. O'Brien, former Frisco police chief; and wife will return to Bad Nauhelmv Germany, in August. Son George will join- them later. ° - Bradley King is <itl . Par payroll upon completion of 'Torch Singer* script. - Milton Cropper back,, on studio's writing staff, unassigned; Columbia' is bringing- Lawrence Hazzard from Ne-w York 10 write originals. :P<vul Gangelln, .writer now in N.;^^ r., -v^iU come to the coast to Writei an: OrTgrrial f 6r ~Benrite-"^Bi^[mo7r. t ^ M'GV'Antornette^ , Metro has abandoned 'Road. W Rome' as a possibility for Norma Shearer and instead as 'Marie An-; tolnette' on the Are. Claudihe Weist and Ernest Vajda are scripting. Sidney, Franklin, ' who has been spotted on 'Rome,^ will meg 'Marie.* With 2.800 feet salvaged from the prlginal 'March of Time,' Metro' Started Monday (6) on remaka-.' Weber and Fields, Marie Dressier and Fay Templeton appear in saveid|- seguences. , S4^etro won^t renew Richard Bble- slavsky.' His last: nmg job was ^Strange Rhapsody:' Kidding :B.reen When. Winfleld Sheehan foun^i two O'Haras in 'Paddy,' one Flsks O'Hara and the other a character' name, he changed the latter to 'JOS Breen,' to kid the Hays exec of that name. . Col has bought. 'Gulf Stream Plunder* from Robert J. Hogan.' Lambert Hillyer .will direct. C. S. 'Tink' Humphrey a^d Lew Cantor, -who have been selling plays, are "Tiranchlng—^out ^nto^regular agenting. One $20,000 Budgets Ralph Like and Willis Kent will produce a group of pix budgeted at $20,000. First will be adapted front Cast Out of 'Old Home' Studios, Shoei- stringers Walk Streets Hollywood, Closing of International and Re- public rental studios to the small- time indies will Icjave this group, who have nothing but an idea and a prayer, practically without, a modern lot on which to make, pic- tures. The sboestrihgers will have to reIy..on.Q.ne ,of the old-time studios, now nothing but barns,'work outdoors. International closed its doors, on T;iieS(rindies lastTweek, following-the lead of Metropolitan, <which was firfet, and other rential lots,. Ralph tiike, owner of International, In- tends using most of his space for his o-jvn production, and the rest for producers -who have finances set and are fairly sure their production arrangements will go through. This studio, like Republic, has long been occupied with indies who sel- dom 'or never got going. Hopefuls of the film industry that filled the offices at Ilepubllc were among the reasons, for this studio's financial difficulties. Operators of the lot many times started tb oust them, but always weakened over the pleas promises of the tenants. Pirist notice issued by the owner, J." "S^. .Clune, on taking back the property two weeks ago, was a move order to all tenants excepting Louis Lewyn, Emil Jensen and one or two others. Mack Sennett, Educational, Tif- fany; Western Pictures and other :rentaWlots:^aEe..atll^hl-hajtijUjg„ shoestringer. He will now have to do 'his promoting from an office building, and won't he: allowed to work in a studio until he can show that his bills will be paid. This will probably eliminate the last of the few remaining shoe- stringers, whose numbers have been g/ad"iially cut since silent pictures by the higher cost of talkers, and more recently by the depression. There's no ijlace in Hollywood now that can be called Poverty Row. Having exercised its option tm Sam Wood, Me tro h as set the meg^: ger to do .'Christopher .Bean,?~wltli Marle^ Dressier . and iAhnel Bia,rry-' more topping the ca,st. Josephine LoVett is at Metro' adapting Edith Wharton's 'The Old Maid,' to star Helen Hayes. .. Harry Axt and Ed-ward Eliscu ars the tunesmiths oh^ ?Sally; WaS" a Lady,' Radio pic. Fox Is hunting titles to replacO' handles_of__!Ellgrimage!_and 'Last.. -Adam.' Frederick Hollaender, European' composer who has .written the mti^'- sic for 30 foreign pics, is here to write music for Fox films. Ben Blue opens a 10 to 12 weeks;*. ^vaude tour , June.. $ at the RKO. house in New Orleans, after which he goes to the Palace, Chicago; The Noah Beerys, senior and ' Junior, go, into the same filni in Mascot's- 'Fighting with Kit Car* son.' Reopening Republic Revamped Republic studio, take^ back by the owner, J. W. Clune, will' reopen as Prudential studio, witK Harry Sherman in charge. ■ . .■ ^ ..■ . Herman Manklewlcz. haa been given a two-'weeka leave of/absence" by Metro tO: go to New York. Gertrude Purceil Is on the script of 'My Girt Sar at Rlalto, to put a feminine, touch Into the story. Nor- man Huston, Who authored. Is off the pay roll. George Stevens has been given a .contract to direct a: aeries of shorts |U;^adio, .j of- John Frances Larkln, laist fin ..'Lilies of Broadway,' is how o'ii 'Rlgadoon* script at Unlversq,!. Rollo Lloyd is writing an origi- nal, 'The Fire Eaters,' for Radio, and will have ii part in the picture*. Story is for Bill Boyd. roadway Possibility Gllmor Brown has a deal with the Shuberts to produce tlie rtormnri. play, 'The Man of Wax," at the Tas- (Continucd on page 30)