Evening star., 1925-08-28
CRANDALL EFFECTS
S3O,0)D,O0O MERGER
$4,000, 900 Paid for Inter-
estS Here by Stanley Co.
of Philadelphia.

Harry NJ. Crandall, Washington mo
ton picture magnate, announced to
day the final closing of the sale ot
IS per cent of his interests in all his
Washington theaters for approximate
ly $4,000, 600 to the Stanley Co. Of Phil
adelphia.
Through the ira nsaction, Mr.. Gran
dali viii become the executive of the
new Stanley -Crandal Co, that vii
take its place as a $50 900 900 corpora
tion and form one of the four largest
organizations in the country, accord
ing to Mr.. Crandali.
While the Earle Theater is already
owned by the Stanley Co. it will come
directly under the new StanleyCran
dali Co. No change in the manage
ment will result, however, Mr.. Gran
dali said.
Eleven Theaters Tranferred
The l theaters transferred are: The
Metropolitan, Tivol, Ambassador, Cen
tral, Savoy, Avenue Grand, Apollo
York. Home. Lincoln and the New
Colony, now under construction.
The Stanley era ndall co. ranks
with the SaenGer Amusement Co. in
the South. the Ba .katz Co. of the
Middle West and the West Coast
Theater Co. The four orga anization
all have the First National motion
picture franchise and represent ap.
proximately $40, 900 900. Mr.. Gran.
dali strongly hinted the merger of
these four orga niZations some time in
the future
The Stanley company now has con-
troll of nearly all the theaters in At
lantic City. Wilmington and Pennsyl-
vania, with the exception of Pitts
burgh.
The Stanley interests will next go
to Baltimore and acquire or build a
theater in that city, Mr. Crandall said,
adding that there were no further
plans for new theaters in Washington
al this time.
Mr.. Crandall admitted there had
been much talk Of centraliza ton in
the motion picture industry. and indi-
Gated this might come about in the
near future He said that a proper
Capitalization of the industry would
mean better pictures and possibly
cheaper admission. AT any rate" he
said, lit would mean no increase in
The present admission" He indicated
that with the mounting costs of opera
tion higher prices of admission might
come about.
Franchises Transferred
The Crandall franchise with the
First National and the Exhibitors
Film Exchange were also transferred
to the new company. Approximately
300 stockholders in the Crandall COM
pany have transferred their holdings
TO the new Stanley eyCrandall organiza-
ton, Mr.. Crandall said.
The officers and directors Of the
Stanley Crandall Co. are: Jules +.
Mastbaum, president and director;
Harry NJ. Crandall. vice president
treasurer and director; Fritz D. Hoff-
mann, controller and director: George
A. Crouch. assistant treasurer and
director; Morris Wolf. secretary: Irv-
Ing D. Rossheim, assistant secretary
and director; Abe Sablosky and John
j. McGuirk, directors.
The local executive staff, as in the
past. will consist of Joseph p. Morgan
general manager; John J. Payette. as.
sistant general manager; Nelson B
Bell, director of advertising, publicity
and broadcasting; Fritz d. Hoffma mn
controller: Paul B. Davis, auditor
George A. Crouch. treasurer; George
g. Larkin, assistant auditor; Nat B.
Browne, private secretary, and Daniel
Breeskin, musical director-in- charge.
Nat CHASER will continue as head of
the Crandall technical and mechanical
department.