Grandeur

For $2,000,000 General Theatres Equipment, Inc. bought a half interest in Grandeur, Inc., a company formed to make wide screens for cinemas. Over Grandeur's possibilities Harley Lyman Clarke, president of General Theatres and Fox Film, has always been enthusiastic. When he addressed General Theatres' shareholders a few weeks ago he was not at all glum over the fact that the wide screen is not popular. Instead he said that to have shifted over to wide screens would have cost the industry $100,000,000, that now the change can be gradual because General Theatres has equipment which will handle both wide and standard films.

Interested in Mr. Clarke's management of General Theatres is William Fox whom he succeeded in Fox Film. And especially interested in Grandeur is Mr. Fox, for he owns the other half of it. Last week he brought suit asking that Grandeur be dissolved. He charged that General Theatres has been collecting dividends on its Grandeur stock while he has been given none. He also stated that he has sent Mr. Clarke many a letter asking about Grandeur's affairs, has been given no answer. Especially significant is Mr. Fox's move since it is his first public business appearance since his company's bankers ran him to cover in 1930.

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