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Less Than Two Hours. For almost six months, Liquidator Odlum and underwriters (Lehman Bros., Goldman, Sachs and First Boston Corp.) played financial poker with one another over the price at which Indianapolis common could be sold. Indianapolis' 1939 earnings were $2.05 a common share, its dividend $1.60. Upshot of the haggling: the bankers bought 714,835 shares of Indianapolis for $22 a share, agreed to sell it to the public at a $2 markup, for $17,156,040 in all. To Atlas, the sale of U. P. & L.'s Indianapolis stock meant cashing in on around...
Virginia City (Warner Bros.). One day fortnight ago Virginia City, Nev. looked wilder and more Western than it has since the Grosch boys found the Comstock Lode. Warner Brothers were trying to outdo their last year's premiere of Dodge City in Dodge City by previewing Virginia City in Virginia City. They succeeded-with the help of nearby (22 miles) Reno...
NORMAN REILLY RAINE Warner Bros. Burbank, Calif...
Three Cheers for the Irish (Warner Bros.) is a rehash of most of the stock gags, situations and sentiments vaudeville has for generations connected with Celts. Somehow Thomas Mitchell was snared into playing the lead as an Irish cop. Priscilla Lane is his daughter whose elopement with her father's Scawttish supplanter on the police force (Dennis Morgan) complicates further the picture's leitmotif-the family feud between the Scotch and the Irish...
...rumor had it wrong. Last fortnight Fred Mills had indeed signed a contract for slot-machine movies, but not with Warner Bros. Following in his father's footsteps, ambitious, balding Jimmie Roosevelt stepped into the picture when the Mills-Warner deal was all but clinched. With Slot Machineman Mills, Movieman Roosevelt launched the Mills-Globe Co.; Mills to provide a reported $3,000,000 of financing, Roosevelt to provide one two-and-a-half to three-minute talkie every week. Carefully Producer Roosevelt explained that his slot-machine interests in no way affect his Globe Production's agreement...