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Concerning the closing date, the Guild was still open when my family moved around the corner on Pine Grove in October 1961, though I believe it had closed by the time we left the neighborhood in 1969. Offhand I can only recall seeing one film there, a re-release of /The Mouse That Roared/.
Concerning the location (see 9/11/08 comment), the theater was on the south side of Sheridan Road (which runs east-west at that point) between Broadway and Pine Grove, closer to the latter. Pine Grove is parallel to Broadway, one block east.