This movie, which also screens September 29th, October 2nd and October 10th, is part of the New Hollywood season at Close-Up Cinema through September and October. You can find all the details for the film's screenings here.
Chicago Reader review:
Two career sailors escort a backward young colleague to naval prison to serve an eight-year stretch for petty thievery. Along the way, the two initiate the youngster into the rites of manhood (getting drunk, getting laid, and pushing back when pushed), then have to stifle the boy's newfound sense of freedom to protect their careers. A tough-talking, sparely directed effort (1973) by Hal Ashby, with an immaculate performance by Jack Nicholson as the arrogant and salty (but feeling) sailor who tries to stay in charge of the odyssey, and almost doesn't.
Here (and above) is the trailer.