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UA, Cohen File Suits
Over 'Home of Brave'
NEW YORK—United Artists has sued Max
A. Cotien for a total of $8,000 in damages
said to represent rental payments withheld
on "Home of the Brave" and "High Fury,"
which played second to it on a double bill.
Cohen has filed counter-suits for $15,000 in
damages, claiming that UA violated a first
run contract by selling "Home of the Brave"
to Loew's.
Because two films were involved and the
damages asked for the second feature were
small, that suit was filed in the city court
of New York, which does not hear cases of
more than $3,000. "The Home of the Brave"
suit was filed in the New York supreme court.
Both sides have now agreed to consolidate
actions in the supreme court.
UA filed the actions against Cohen and two
of his corporations—Ancore and Andear
Amusements—following the run of "Home
of the Brave" at the New Amsterdam and
Harris theatres, which are operated by the
two defendant corporations. Cohen came
back with counter actions, claiming that UA
had signed a first run agreement for the
showing of "Home of the Brave" in the metropolitan
area. Cohen said this pact was
violated when UA also sold the film to Loew's
as a first run engagement.
New Building, Theatre
For Midtown New York
NEW YORK—Sigmund Dornbusch of Newark
has bought a 20,000 square foot site on
Seventh avenue and 56th street on which he
may construct an office building conta.ning
a motion picture theatre and basement garage.
He acquired the property now used as
a parking lot, from the Mutual Life Insurance
Co. It is assessed at $785,000. Berk &
Krumgold were the brokers.
Bornbusch said one of the major circuits
is interested in leasing and operating the
He refused to name the chain.
size of the theatre and the office
, building will be determined after discussions
prospective tenants. E>ornbusch said
the building may go as high as 25 stories and
theatre as large as 1,800 seats. The comnow
operating the parking lot has a
which runs another two years, but Dornbusch
said building could be started next
May if certain pending deals go through.
Walter Reade May Attend
1st Albany TOA Session
ALBANY—The possibility that Walter
Reade jr., one of the moving spirits in the
national TOA, may attend the first fall luncheon
meeting of the Albany TOA, is foreseen
Harry Lamont, temporary chairman of
area group. Lamont conferred with
and other TOA executives while in
;
York for the third annual midwinter
conference of Variety Clubs International.
Saul J. Ullman, who met with Lamont and
Leonard L. Rosenthal, executive director for
^the Albany unit, on plans for the session here,
lalso is scheduled to talk with TOA toppers
during a trip to New York.
date for the initial confab of the 1949-
|50 season has not been set.
AT ALBANY DINNER — The Albany
Variety ('lub recently opened the new fall
and winter season with a dinner at Heeler's
restaurant. Shown in the accompanying:
picture are Abbic Lane, singer
with the Xavier Cugat orchestra playing
at the Palace Theatre, and Saul J. Ullman,
chief barker. Cugat and members
of his company were guests at the dinner.
Flans for the annual Denial day
campaign which the club will sponsor, to
provide funds for its summer camp for
boys, were discussed during the dinner.
Midwest Drive-In Buys Site
On New S-3 in Rutherford
NEW YORK—The Midwest Drive-In Co.,
headed by Philip Smith of Boston, has
bought a 24-acre site on the new route S-3
in Rutherford, U. J., as a site for a drivein
to cost about $450,000, according to Berk
& Krumgold, theaare realty specialists who
handled the sale. The property was acquired
from the Belle Meade Coi^p. of this city.
The site is only a 12-minute drive from
the New York side of the Lincoln timnel
and the drive-in will be the closest to the
Times Square area. Plans call for a large
playground for use prior to .showtime, extensive
landscaping and parkways, and construction
of a special road on each side of
route S-3' and a tunnel under the highway
to eliminate traffic hazards.
Variety of Albany Elects
New Members of Crew
ALBANY—The Variety Club met Monday
night in its new clubrooms on Clinton avenue
and elected a crew of 11. These men
were to meet at 11 a. m. Saturday in the
Warner Theatres offices to selected officers
for 1950. The new crew consists of Charles
A. Smakwitz, Joe Saperstein, Ed Wall, Gene
Reade to Decide by Tues.
On Action Against RKO
New York—The Walter Reade Theatres
will d-ecide by Tuesday (22) whether to
sue RKO over the Trenton-New Brunswick
situation. Reade and RKO officials,
represented on the Trenton-New Brunswick
board of directors, met Friday (18)
in another attempt to end their joint
ownership agreement and transfer the
circuit assets.
EK 9-Month Net Profit
Slightly Under 1948
NEW YORK—Eastman Kodak Co. has reported
a net profit of $35,130,264 for the first
nine months of 1949. after charges and taxes,
compared to $42,501,249 for the same period
in 1948.
This is equal to $2.68 per common share on
the 12.999.069 shares outstanding, compared to
$3.41 per share on the 12,380,065 shares outstanding
in 1948.
The net profit for the third quarter of
1949 was $13,761,434 or $1.05 per common
share.
The Eastman Kodak directors have also
declared a dividend of 50 cents on the common
stock, payable Jan. 3, 1950, to stockholders
of record December 5, plus a dividend of
one .share of common stock for each 20 held,
payable Jan. 21, 1950, to stockholders of record
December 23. This action brings the 1949
cash declarations to $1.70, as 40 cents was
voted in each of the preceding quarters. This
compares with $1.60 last year when a like
stock dividend was declared in November.
The EK directors have also voted a wage
dividend of an estimated $15,500,000 for about
48,000 Kodak men and women in the western
hemisphere, the largest total wage dividend
in the 38-year history of the plant at Kodak.
The dividend will be paid March 10, 1950.
INCORPORATIONS
—ALBANY—
Basil's Abbott Theatre: Buffalo; $100,000.
$100 par; William G. Beyer, 54 Urban St ;
Arlene G. Misener, 501 Morgan Blvd.; Mildred
Ruth, 471 Koons Ave.
Herb Sheldon Enterprises: Radio and television
business; 200 shares, no par.
Olympia Miniature Corp.: Manufacture
figurines, pictures, theatrical properties ai.d
toys, in New York; 300 shares.
Hollywood Enterprises: Promotion and exploitation
in the theatrical and commercial
fields; 200 shares, no par.
Dell Amusement Corp.: Kings county;
200 shares, no par.
Auburn East-West Drive-In Theatre Corp.:
Auburn; 200 shares, no par; Hubert P. Wallace,
Aubm-n, and Anne M. Wallace, 6 Melrose
Rd.
Vogel, Charles Dortic, Sylvan Leff, Arthur
Newman, Gerry Atkin, Leo Rosen, Dr. Samuel
Kalison and Nate Winig.
Clyde J. Murphy Co.: Formed to conduct
a genera) painting an'l contracting business
Neil Hellman, a former chief barker, and
in Troy; $10 000. $100 par- Clyde J. and Dorothy
Murphy. This concern does the painting
Rosen were elected delegates to the national
convention in New Orleans, and Simon and
and decorating in area Fabian theatres.
Atkin, alternates.
Bell Park Movies: F^u•nish amusement to
public; 100 shares, no par.
Israel Amusement Center: To do business
in New York; 200 shares, no par.
Biofilms, Inc., of New York: Dissolved.
Rights to "Cyrano de Bergerac'
Screen rights to "Cyrano de Bergerac," a
play by Edmond Rostand, have been acquired
by Producer Stanley Kramer for
United Artists.
BOXOFnCE :: November 19, 1949 60-A