davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-03-02

initiation is inevitable. He has
advertised this in half a dozen
speeches and has given his warn
ings the tempo and quality Of an
alarm. Then he goes to a court
in California and literally alleged
that the way to protect ones self
against initiation is to invest in
common stocks; that his univer-
sity has funds to invest and that
these funds may be jeolardized If
put into bonds.
MIR. Hoover is supposed to be an
eminent financier as we'll as en-
yineer and economist. And so,
with the courts permission, as
sort of blessing upon his advice,
people everywhere may be eX-
pected to follow his example.
TT is indeed a very dangerous
Il course. And the ordinary
citizen will be very foolish person
if he permits himself to be drawn
into this course.
What can do in the event of
initiation? This question has been
put to me almost daily for the
the last two years. The only
answer I can make is this: that
in the event of imitation you can
make a lot of money by speculat-
ing.
But this brings up another ques-
tion-do you know how to Specu-
late? And the answer is-NO! Of
course you do not know how to
speculate, particularly in an inf1a-
'tochary period when all the rules
ar,lt the window.
speculation is the most intricate
lel.he, far more intricate and pro-
assional than bridge. Unless you
have mastered it, understand all
its ramifications, have the time to
give up your business and inveSti-
gate the shares you speculate in
and have access to the necessary
data-Which few have-and have a
special talent for the art-then you
had better leave it severely alone.
IF YOU decide you should buy
a stocks as a hedge, then the ques-
ton arises, what stocks? How
will you find out? If you ask GUS
toner's man, you are fool. If
you ask a banker, you will be
very unwise, because the average
banker really knows as little
about it as you do. Whom will
you ask? How will you find out?
Strange as it seems, there is no
way. This business of speculat-
ing in common shares is pro-
fessional job.
In 1927 determined effort was
made in New York by life insur-
ance companies to get legislative
sanction to invest in common
stocks. The permission was re-
fused. Had it been granted and
had life insurance companies
gone into common stocks they
might have been wiped out
What is overlooked is that all
mutations collapse and that in the
collapse common stocks are
among the first values to be
wiped out. The best advice 1 can
give is to urge you to put your
moral force against initiation. If
1t comes you will be helpless to
protect yourself.
Copyright, 1896, by NEA Service Incl
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-03-02
FRUITS AND VEGETABLES

CHICAGO. March Apples. Michigan
Mcintosh. bu.. S7et750 Carrots. Illinois
bu., 3sM4 0c. Sweet potatoes. Tennessee
bu., 85G90c. Beans, Florida, bu., s16l25
Peas. California, bu. hampers. $260m2 rs.
Spinach, Texas, bu., 50mi Lettuce
western crates 5-doz.. s2@250 Celery,
Florlda. crates. si.75G3. cauliflower,
CALIFORNIA;, crates, Sl.l5Gl.40. Tomatoes
Mexicah. Tugs, $3m350. Onion market 80
h.. sacks. Western valencias. si40 Illi-
moi syeliQws .50Mi Michigan yellowS
sal INDIANA yellows 7Se=5c.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-03-02

IL JIIG dppIlCet-
ton of the
trus tees o.
Stanford Uni
verSity, under
the advice of
Herbert Hoover,
TO invest uni
versity funds in
common stocks
as a hedge
against infla-
ton. The Su-
perior Court Of
San Jose, Cal,
has gra nted
permission to
do so.
This is a very
eminent exam
pie. Mr.. Hoo
yer insists that
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-03-02
VOTES So ANNUAL BASIS

1tmes SpeciGt
CHICAGO, March 2.-Directors
of the Borg Warner Corp. have
voted to place the common stock on
a So annual basis, it was learned
today. They also voted to redeem
5000 additional shares of 500 par
value z per cent preferred stock. The
common stock has been on a 81
annual basis.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-03-02

The number of operating COM
panies declined from 1924 in 1884 to
400 last year. Of the $4,000 mo-
tor BUSES coursing the nations
streets and highways 23,750 are of
the intercity type and 1000 of the
or irregular usage, type
Electric railways own $4,000 BUSES,
the steam railroads own 1850 and
the motor carriers have 30,650.
The bus industry spent $189, 000,-
900 last year on new buses, shops,
terminals, supplies and so on.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-03-02
Trends
Speculation Is Too
Risky Game for
Uninitiated.
by JOHN T. FLYNN

NEW YORK, March 2.--If we do
4 not have a lively stock ex-
change boom, it will not be be-
cause certain very conservative per-
sons have not done their best to
whip one into action. This they
are doing now very industriously
by advertising the coming infla-
ton.
The latest chapter in this episode
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-03-02
WEATHER AGAIN
CHECKS UPTURN
IN TRADE GROUP
Factories Cut Employment,
Production Schedules
During Week.
Timea Spccinl

NEW YORK, March 2.-Weather
still held business in its grip dur
ing the last week, curling the usual
expansion in spring lines, retarding
shipments and giving an unseasonal
fiillip to coal production. Business
Week declared in its current issue
today.
Cold, rain, floods and even dust
storms occurred, checking retail
trade and thereby causing factories
to reduce production and employ
ment. On the contrary, there is a
growing feeling that when weather
conditions permit, there will be such
rush of buyers seeking goods for
immediate delivery that producers
will be hard-preSsed to supply the
demand.
I'm the durable-goods field, the
weather has been a less important
factor than in consumer lines. Here
the long-range, view of business re-
covery has motivated purchases.
Railroads have entered the market
with orders for rails, freight cars
a nd locomotives in such number
that the steel industry itself is
amazed.
Farm Demand Strong
"Machine-tool business from
domestic sources hit a new high in
January for the present recovery
period, and all indications point 20
equally good business through March
and perhaps April. Farm-equipment
companies stepped up their forces
in January by 4 per cent TO take
care of spring demands from agri-
cultural areas, making a 40 per cent
increase from the 1882 low. Office
equipment plants also increased
their STATS early this year in ex-
pectation of brisk business.
Not only have the railroads gar
nered some extra tonnage and a
lew passengers as a result of snow
blocked highways, but the urban
transit lines have profited also,
transit Journal reports that when
the public deemed it wiser to get to
work or to shopping districts by
using public transportation, it
boosted revenues nearly 5 per cent
above the same weeks of '35.
In the construction field, the
seasonal February drop from Jan
uary levels was no surprise But
Engineering News totals of
heavy construction contracts cached
Sl64, 499, 900 in February, compared
with $68,O89,0O0 a year ago.
Steel Output Spurts
THE IVA decision, plus the later
PWA decision in the Duke Power
case, have tempered the utility in
duStrys enthusiasm for CARRYING
out the expansion program that had
been lined up earlier in the year,
requiring 1871 ,557,774. Estimates that
these expenditures will be cut to
nearer $100,000,000 are too gloomy.
Power consumption is at new highs,
and bound to rise further this year.
Steel production reached the
years high this week without benefit
of motor business. Railroad and
construction buying continues to ex-
pand and to support steel activity.
Disturbing element IN steel is the
price situation. The strength in
scrap is due to the curtailed move
ment of supplies after the severe
weather of recent weeks, and to ex-
port demand, chiefly from Italy.
Retail sales in 1885 jumped Il
per cent over 1884 and reached a
total of $32,6OOOO0,OOO, the best
since 1881. The biggest gains were
in mail-order, automotive, home fur
nishings, lumber, and restaurant
sales"
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-03-02
DIVIDEND is DECLARED

NEW YORK, March 2.-Directors
of Tide Water Associated Oil Co.
have declared quarterly dividend
OF $3.50 a share on the company's
6 per cent cumulative convertible
preferred stock payable April l, to
stockholders of record March II.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-03-02
STUDEBAKER SALES UP
First 20 Days of February Shows
Gain of As Per cent.

4 bttS EptCtut
SOUTH BEND, Ind, March g.
Sales of the Studebaker Corp. for
the first 20 days of February show
an increase of IS per cent, totaling
1862 units, against 2452 in the COR
responding period of 1885, it was re-
ported today by Paul c.. Hoffman,
president of the company. Sales for
1886 through Feb. 20 amounted to
1904, a gain of SO per cent over the
1885 figure.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-03-02
Local Securities

by indianapolis Bond & Share Corp
The following quotations do not rep
resent actual bids or offerings, but
merely indicate the approximate market
level on buying and selling inquiries or
recent transactions
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-03-02
CHICAGO Grain Futures
LOCAL CASH MARKET
(By James Bennett g. Coz

City grain elevators are paying 90 cents
for No. soft wheat. Other grades on
their merits. Cash corn new No. yellow
so cents and oats 81 cents.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-03-02
TREASURY STATEMENT
nv United PreSsl

expenses and receipts for the current fiscal
year to Feb. %, as compared with year
ago:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-03-02
Wool Consumption Gains

Weekly Average rdw acooL consumption shotCed in
credses an January ouer December the Commerce De-
partment announced today. While 900 pounds
aCere consumed during the Average December aceek,
5,645,OOO Cere used lceekLu last month.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-03-02
FIRE INSURANCE
Money and Exchange
INDIANAPOLIS STATEMENT

Clearings NEUTRALITY-SUSPICIOUS.. SO, 099 Oh
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-03-02
NeW York Curb
(By Abbott. Proctor & Paine)
Unlisted Stocks

(By Blyth & CO..
NEW YORK BANK STOCKS
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-03-02
SHEEP AND LAMBS

Receipts. 1000
I0-lbs. down, good
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-03-02

Quotations below subject to change are
average wholesale prices being offered to
buyers by local commission dealers.D
CArnr |,
Evening star., 1936-02-08
RADIO RACKETEERlNG
SHOWN IN NEW FILM

Hollywood sets up a new racket
radio i-jacking-shows how it op-
crates and how it can he checked, in
an exciting new film that suffers only
from such meaningless title as You
May Be Next" as it comes back at you
from the screen of the Metropolitan
this week.
DiSbarring the title as being more
appropriate for a barber shop ditty,
this latest cinema expose of racketeers
using canned static to lam" big
time radio programs for blackmail
packs all the essential elements of
what Mr.. Webster calls drama" as it
skips along as fast as the air waves
it deals with to broadcast one pro-
gram you'll not want to turn of.
With neither a radio or movie star
in its cast, the film again demon
strates the fact that logical plots and
good direction are more important
than names in making first-rate
movies. With Ann Sothern provid-
Arledge. Lloyd Nolan and other lesser
lights doing the rest. the story zips
over with a boom-and that's all that
matters.
The plot is wrapped around the
accidental discovery of a recksteer
that radio programs can be purp6sely
ruined by canned static. BY kidnap
ing Neil Bennett. a radio engineer,
and stealing his elaborate equipment,
the gang is able to jam feature pro-
grams of the A. B. c. Broadcasting
Co., from which Bennett has been
fired for attempting to get Miss Soth-
ern a spot on a major program.
After blackmailing the company
for Sl50,000, while using Bennett as
shield. the gang decides to sign off by
taking the engineer for a ride and COL
lecting the reward for his dead or
alive" arrest. Meanwhile, their static
producing apparatus goes naywire one
night TO mess up Navy signals and get
G-men, the Federal Bureau of Com
munications and New York's police on
Benefits trail. 1t all ends right side
up but not until you've moved still
farther over toward the edge of your
seat and are gripping both arms of the
chair.
The films use of commercial air.
liner from which to have its black
mail money dropped by radio signal
and its employment of the Communi-
cations Bureaus elaborate system of
detecting the location of broadcasting
stations are two clever bits of its
logical makeup.
For the especial benefit of the few
of us who did not hear the Rose Bowl
game broadcast, and for the further
enjoyment of those who did, the full
game, minus the tiresome ''time-outs,"
is to be seen in one of the supple
mentary features of the Metropolitan's
program for the week.
A neat South Sea Island comedy.
with Winifred Shaw and dozens Of
hula hula girls, done in technicolor,
and Is minutes of newsreels, princi-
pally interesting in that they include
stirring scenes of the funeral of King
George of England and interesting
shots of the first X-ray motion pic
lures, complete the program.
M. w. B.
Evening star., 1936-02-08

the average f1ve-year span of career
allotted to the movie artist.
Loafs Six Months a Year.
II can only afford to work in Cali
fornia six months year." Edmund
Goulding, one of Hollywoods most
sought after directors, recently said in
ali seriousness. Six months out of
each year. Mr.. Goulding stays away
from the studio, killing time at home
working on private interests to while
away the tedium of waiting.
Several film stars have solved the
problem of hard work. big pay and no
money left IN the bank, by working
half the year in England. Among
those who have left, returned, or are
going, are Constance Bennett, Walter
Huston. Richard Dix, Madge Evans,
Helen VinSon, Peter LORE, Lupe Velez.
Give Brook, Joan Bennett. Edmund
Lowe, Boris Karloff and Sylvia Sidney.
Clark Gable has set an exclusive
fashion for keeping the wolf of old age
from the door by living as conserva-
lively as his publicity agent will permit
and investing what is left after taxes
and upkeep into a trust fund.
In view Of the increasing drainage
Of money from the bank rolls of those
with large earning power, a large num-
Der of important film colonists are
entrusting their entire salaries to ex-
pert investment and financial agents,
endowing them with authority to take
control of every item of their ex-
penditure.
Among the most trusted of the
Evening star., 1936-02-08
Where and When
Current Theater Attractions
and Time of Showing.

National-William Gillette in Three
Wise Fools" at 2:30 and $3.50 pm.
Loew's Fox-"Tough Guy" at II
am, 1:35, Ais, 7:10 and 9:55 p.m.:
stage shows at 1925, $40, sos and
$50 pm.
Earle-"Lady Of Secrets" at 10
am, 1920, 2:45, $40, 7:35 and 10
p.m.; stage shows at 1880 am, l:55.
4:20, 6:45 and 9:10 pm.
Palace-"Strike Me Pink" at 1l:55
am, 2:20, 4:40, 7:10 and 9:35 pm.
R-K-O Keith's-"Next Time We
Love-" at 1l:4s am, 1:49, 3:4s, Sac,
7:4s and 9:49 pm.
Belasco-"First a Girl" at 1900.
2:10, All, 6:12, 8:l3 and 1914 pm.
MetropoIitan-"You May Be Next, :"
at 1880 am, 1885, 3:35, $40, 7:45
and GAS.
Columbia-"Tale Of Two Cities" at
11:15 am, 1:50, 4:30, and s:35 pm.
Tivoli-"Show Them No Mercy" at
2:25. 5:25, 6:25, sos and s:45 pm.
Ambassador-"The Littlest Rebel"
at 2, 4, sos, 7:55 and s:45 pm.
Little-"Cavalcade," at II am,
los, $40, Sis, 7:20 and 9:25 pm.
Howard-"Miss Pacific Fleet" at
1880, 8, $50. 8 and 1890 pm;
stage shows at las, AIS. 6:45 and
9:15 pm.
Evening star., 1936-02-08

money wizards keeping gilded wage
earners from a future poerhouse is the
young, likable Theodore Rogers.
None of Clients Has Yacht.
Mr.. Rogers boasts proudly that not
one Of his clients has a yacht. The
most he allows any Of them for per-
sonal spending money is $50 q week.
Some get as little as SIS.
His system is simple When a star
signs him to handle his or her finances,
Mr.. Rogers studies the stars financial
situation and then draws up a budget.
So much for rent or purchase of a
home, so much for maids and other
servants. so much for food. liquor, gas
oline. cars, ETC.. taking care to omit
nothing. not excepting weekly stipends
to poor relations.
The following are two representative
budgets for a married person earning
1000 and 100000 year. For sin
gle person, the greater income tax en-
penditure-$10,00 to $1,000 on $780,
600 incomes and approximately SAC. 900
on $l00,000-is deducted from life in
surance and investment items.
Evening star., 1936-02-08
EDDIE CANTOR SUCCESS
IN SECOND PALACE WEEK

EDDIE CANTOR and Strike Me
Pink" are passing their second
week at the Palace currently, conse-
Grating the days of the Big Wind to
proving that Mr.. Cantor's last picture
is by far his best, and that Mr. Gold
wyn. probably never made a musical
superior to this one With a raft of
good material at his disposal, the Yid-
dish jumping bean has a field day IN
Strike Me Pink" surrounded by
regiment of the looking chorus
girls in Hollywood and ably assisted
by various singers, dancers and minor
comedians.
Cantor's poker game with the three
ghosts, and his encounter with a
carnival pitchman are already the talk
OF the town wherever people gather to
rehaSh movies (Which Is usually in
anybody's old drawing room), and his
adventures with Parkyarkarkus, Jack
LaRue and Edward Brophy are also
notably silly Sunnie O'Dea and Rita
Rio burn up the celluloid with a pair
of dance specia alties, and Ethel Mer-
man is on hand to sing the songs.
AS if that were not enough, the
Palace has a color cartoon, news reel
and all the trimmings on its slate this
week. r. B. p. Jr.
Evening star., 1936-02-08

to be. more the hard working
actress than the good actress whose
talents are tried and true and there
fore easy. In this film, however, she
seems exactly right.
She is slightly frousy, decidedly un-
worldly. gay, spontaneous little girl
in the first part. Next she has out
grown the robustness, learned a little
worldiness, found happiness and small
contentment.
Next she Stumbles on misunder-
standing and therefore sorrow. Next
she has become the actress that she
wanted to be. eAnd finally when am
bitlon and the admiration of her hus-
bands best friend haven't been able
to overthrow the innate niceness of
ner character, she returns to her real
self. finds out her unhappy husband
and returns to him with the same
JOY that she admitted when first he
wheedled her out of college.
y X x
can recall we have never seen
in films before, is also exactly just
right as the wandering boy husband.
His scenes with Miss SULLIVAN are
among the best of the season and if
there is laurel for such sort of do
ings he certainly deserves one. The
other members of the cast, including
Ray Milland, who is excellent as the
friend" seems somehow completely
unimportant.
This is due, not only to the acting,
but to the attractive writing and the
interesting direction by Edward
Griffith.
WE ALSO recommend to your at
tention Pathe News description
of the funeral of the late King of
England. These pictures have been
handled and recorded with especial
and appropriate dignity.
Evening star., 1936-02-08
QUARTET IN CONCERT

I 1NDER the provisions of the Eliza
beth Sprague Coolidge Founda-
ton, a program of chamber music will
be presented in the auditorium of the
Library Of Congress on Monday, Feb
ruary II. at $3.50 pm, when william
Kroll, Nicolai Berezowsky, Nichols
Moldavan. and Joseph Schuster will
play Haydn's Quartet in O, Opus rs,
No. l." and Beethoven's Quartet IN
c. Opus SO, No. g."
Admission is free, but by ticket only.
Ticket can be obtained-until the sup
ply is exhausted-at the T. Arthur
Smith Concert Bureau at 9l0 G street
northwest. beginning Wednesday at
9 am. Telephone and mail orders
cannot be accepted. Because of the
limited capacity of the hall, tickets
should be called for early.
Seats can be reserved only until
the hour set for the beginning OF the
concert, after which time an effort
will be made to seat those who have
been unable to obtain tickets. Persons
unable to use their tickets are re-
quested to return them before the day
of the concert.
Evening star., 1936-02-08


Augmenting its virtues as a melo-
drama, Tough Guy" has some warmly
sentimental touches pointing up the
relationship between the boy, the dog
and the crook. There is not heroine
in sight, which also gives the film the
right to be called original, not to say
extremist. Virtually all the work falls
to Mr.. Calleia, Master Cooper and
dog, but there are some lesser assign
ments well handled by Jean Hersholt
as nervous veterinarian, and Edward
Pawley. still looking hard as nails as
he sinks about armed to the teeth.
THE Fox stage show this week was
organized by Phil Lampkin, who
usually works in the pit. Possessing
several worthy talents in its lineup,
the first performance yesterday was
nevertheless quite ragged, due prin-
cipally to mechanical difficulties,
which no doubt have been ironed out
by this time. We liked best in the
stage array q couple of the Funny
boners' songs and the tapping so
smoothly produced by Ruthie Barnes.
Ken Harvey embodies several rather
dazzling tricks in his banjo routine,
the Honey troupe fiips courageously
through the opening number, and
Miles and Kover have new wrinkle
here and there in their adagio. A
comic named Johnny Burke seemed to
please sundry people in the first audi
ence. We never could discover what
they were laughing at.
Evening star., 1936-02-08

Duse. conflict is bound to develop.
The conflict begins with a small
quarrel in the home. 1t becomes
larger as the two face an even sterner
future. 1t grows to a climax as the
untrimmed winds of adversely rocket
Miss SULLIVAN into theatrical fame and
Mr.. Stewart, his career ruined by a
bug he got while reporting in China,
breaks his heart on the recuperative
hills of Switzerland.
1t wakes into a magnificent flame
by the strangely contrasting suppression
of the two leading characters real
feelings for each other. And when at
last they have been tossed and tried
and buffeted by varying fortunes and
all seems on the verge of crashing, a
small weak voice in the husky play
acting of the gallant Mr.. Stewart calls
things to halt-and the two young
things who built their hopes on two
different shores come together in a
finale which makes most of the world
seem right again.
\ y
EXCEPT for Miss Sullavan's first
film, she has usually seemed to us