NOVEMBER

j
Sale of RKO Stock
Tops SEC Report
WASHINGTON—Howard Hughes is recorded
as having sold his entire holdings of
RKO Pictures common stock of 1,013.420
shares on September 22, by the Securities and
Exchange Commission in its report on September
11 to Oct. 10, 1952 stoclc transactions
released Friday (7).
Ned E. Depinet also sold his entire holdings
of 35.000 shares of the same stock.
Meanwhile. Sherrill C. Corwin in one transaction
bought 10,000 shares of the RKO Pictures
common and three days later became
beneficial owner of 209,884 shares of a total
of 1,049,420 held by Bank of America National
Trust and Savings Ass'n, pledgee for
Screen Associates, Inc., acting as nominee
for Sherrill C. Corwin and others.
The David J. Greene trust acquired 1.500
shares of RKO Theatres common, and now
holds 32,300 shares. Greene owns 16,450
shares in his own name, holds 10,000 shares
in a partnership, and members of his family
own 3,600
shares.
A. Louis Oresman sold 1,000 shares of RKO
Theatres common and retains 28,100 shares.
John E. Redmond sold 1,000 shares of the
same stock and holds 1,000 shares. William
F. Whitman sold 200 shares of the same stock
and retains 300 shares.
W. Ray Johnston sold 3,700 shares of
Monogram Pictures common during the
period covered by the report and retains 317
shares.
Harry Brandt's G. Brandt Foundation
made a gift of 1,600 shares of Trans Lux
Common and keeps 3,300 shares. Harday.
Inc., owns 1,400 shares. The H. Brandt
Foundation bought 200 shares, its entire
holdings. Mrs. Brandt owns 17,700 shares.
Harry M. Warner made a gift of 200 shares
of Warner Bros, common and retains 245,200
shares plus 16,000 in a trust.
Jack Cohn transferred 3,411 shares of Columbia
Pictures common in the Jack Cohn
Trusts and acquired 100 shares, for a total
holding of 22,438 shares. Cohn owns 43,214
shares in his own name.
Claire Bloom of 'Limelight'
On Time Magazine Cover
NEW YORK--Time magazine, which has
been devoting an increasing number of its
cover stories to motion picture and stage personalities,
spotlights Claire Bloom in its current
(17) issue. Miss Bloom is Charlie Chaplin's
leading lady in "Limelight" and currently
is playing in "Romeo and Juliet" in London.
The magazine compares her to .some Hollywood
beauties and reproduces in full-page,
full-color portraits of Zsa Zsa Gabor and
Marilyn Monroe. Mi.ss Bloom has made one
film since the Chaplin picture, "Innocents of
Paris" with Claude Dauphin, the French star,
but whether she will come to Hollywood for
more pictures is an undecided question.
GPE Sales, Income Up
NEW YORK — General Precision Equipment
Corp. net income for the quarter ended
September 30 was $529,321, compared to $124,-
048 for the same period in 1951. The net
sales for the three-month period were
$16,416,947, an Increase of 136 per cent over
last year.
Wolff Remains in United
Kingdom Post for RKO
NEW YORK—Robert S. Wolff will continue
as RKO managing director in the United
Kingdom. The statement was made by Alfred
Crown. RKO foreign sales manager, after
British newspapermen reported rumors to the
contrary. Crown said the company is "highly
pleased" with the way Wolff has represented
it and that there was no thought of anyone
succeeding him.
Wolff entered the industry in 1914 as a
theatre manager and in 1917 went into the
distribution end of the business. He became
RKO managing director in the UK in 1944.
Crown took over as RKO foreign sales
manager a month ago.
Condon Takes Over RKO's
Foreign Publicity Setup
NEW YORK—The RKO Pictures foreign
publicity department, which has operated as
a separate unit for a number of years, is to
be merged into the domestic department by
Richard Condon, director of publicity, advertising
and exploitation. It is understood
Rutgers Neilson, foreign publicity manager,
will remain with the company.
Daff Signs New 7-Year
Contract With Universal
NEW YORK—Alfred E. Daff has been
given a new seven-year contract as executive
vice-president of Universal Pictures Co., Inc.
It will run from Jan. 1, 1953, to Dec. 31. 1959.
The new pact was signed October 28.
Under the terms of the agreement Daff
will receive $1,350 per week the first year.
$1,450 the second year, and $1,500 per week
for the remaining five years. His expenses
will be paid and he will be entitled to a onemonth
vacation.
Three DuMont Engineers
Are Assigned New Posts
NEW YORK—Three members of the instrument
division of Allen B. DuMont Laboratories
have been assigned new key positions
within the division by Rudolf Feldt,
division manager. H. B. Steinhauser, a senior
engineer, has been made manufacturing engineer:
L. E. Florant, intermediate engineer,
head of the engineering services section, and
A. W. Russell, a senior engineer, head of
the electrical design section.
W. R. Hearst Jr. to Be Ampa
Guest of Honor Nov. 20
NEW YORK—William Randolph Hearst jr.,
publisher of the New York American and
American Weekly and editor-in-chief of
Hearst newspapers, will be guest of honor
of Associated Motion Picture Advertisers at
a luncheon to bo held at the Piccadilly
November 20.
Alfred Hart to Columbia Board
HOLLYWOOD—President Harry Cohn of
Columbia Pictures announced Tuesday (11)
that Alfred Hart has been elected tfl the
film company's board of directors. Hart is
president of Hart Distilleries and has lai-ge
real estate interests.
Film Dividends Drop
Below Last Year
WASHINGTON—Publicly reported ca
dividends paid by companies in the film i:
dustry during October were $2,894,000 cor
pared to $4,167,000 in October 1951. accordi)
to the Department of Commerce on Wedne
day (121. For the first ten months of ityear,
dividends totaled $22,709,009, companl
to $27,786,000 in the same period last year.
Total dividends paid out by film compani
have been below corresponding 1951 montl
in each of the first ten months of this year.
During October. Warner Bros, declared
dividend of $1,238,000. compared to $1.671,0