Music: Deficit

The New York Metropolitan Opera House makes a little money. True to its tradition,* the Chicago Civic Opera Company through President Insull last week reported on the fiscal year terminating April 30: Total receipts $1,482,083.00 Total expenses 1,881,997.28 Deficit 399,913.16 Individual subsidizers were compelled to put up 80% of their $500,000 guarantee. President Insull commented: " . . . . This willingness on the part of the citizens of Chicago to support financially the efforts of the Company is greatly appreciated by those who are conducting the affairs of the Company."...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!