davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-05-08
BnSigraphS

Automobile production is proceed
ing full speed ahead Although
March production was just slightly
under that of year ago, the first
quarter of this year exceeded the
same 1885 months by 21a per cent.
Figures, however do not tell the
whole story. New-car registrations
in March reveal that there were
more than twice as many of the
more expensive makes registered
than in March of last year. Fur
thermore, there was a large increase
in the registration of new trucks
and commercial cars.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-05-08
QUARTERLY EARNINGS LESS

CLEVELAND, May 8. - The
Cleveland Graphite Bronze Co. for
the quarter ended March 81, 1886,
reports net income of $318,456,
after all charges, including pro-
vision for depreciation and Federal
taxes, equivalent to SO cents per
share on 321,920 shares of 81 par
value common stock. This COM
pares with $547,917, or S1.70 per
share, in the same period of 1885.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-05-08
Produce Markets

The prices quoted are paid for stock
gathered in the. country. while delivered
Heavy breed hens. 16c: Leghorn breed
hens 16c; old cocks. &c; ducks, white 5
lbs. and over. 7c: geese full feather. all
sizes, Sc; all guineas ia lbs. and up. 15c:
No. / strictly fresh eggs loss off. tic: de-
livered in indianapolis. 18c. Each full
case must weigh IS lbs. gross: deduc-
will be made. No. butter 301a OBJ 1ac;
No. 2. 271zQ281zc. Butterfat. Csc.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-05-08
Trends
Blasts Wall Street
Myth on Short
Supply.
by JOHN T. FLYNN

NEW YORK, May 8-When the
stock market broke in one of
its many declines in 1881, Herbert
Hoover blamed it on the shorts.
That there we're plenty of shorts
and vast amounts of short selling
then there can be no doubt. Now
when the stock market breaks in
the second serious collapse of Mr..
Roosevelt's regime, down in Wall
Street they will tell you it was be-
cause there were no shorts.
The point Is interesting. Who
has not heard Of the depredations of
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-05-08

those heartleSS
operators W h 0
sell A m G r / C a
short; the bears
who sell stocks
which they do
not own in the
hope Of buying
them at lower
pric eS a n d
W h o S e selling
actually makes
the market sink
lower.
Of cours e
down in Wall
S tree t h ely
k n o W W e | /
enough W h a t
the shorts do.
But there must
be a neat little
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-05-08
FIRE INSURANCE
LOANS TOTAL 1,017,e38
Mortgages Accepted for Insurance
Reported at $3.50.

Times Special
NEW YORK, May 8.-The total
number of insured modernization
loans as of May l reported by pri-
vate financial institutions under
provision of the National Housing
Act amounted to 1,017,63S, and were
valued at $685. 500. 493, it was re-
ported today.
The number of new home mort
cages accepted for insurance on the
same date was $4,000. Total valua-
ton of these mortgages was placed
at 60,772,071.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-05-08
HUPP STOCKHOLDERS WIN
By United Press

By United Press
CINCINNATI, May 8.-The u. S
Circuit Court of Appeals today
affirmed decision of the Eastern
Michigan Federal District Court
granting an interlocutory injunction
to stockholders of the Hup Motor
Corp, enjoining Archie M. Andrews
from directing affairs of the COM
pany.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-05-08
FRUITS AND VEGETABLES

CHICAGO. May s.-Apples-McIntosh, 81
alas. Carrots-Illinois, bu.. 25630c
sweet potatoeS-TenneSsee Ia. $i.05all5.
Texas. Lettuce. crates. 81 .256l. 50.
Spinach-Arsansas, bu.. 25G3oc. Tomatoes
Mexican Tugs. s725I350. Caulifiower-
California, crates, Si.35ml45. Peas
California. hampers. $l.35Gi.40. Lettuce
western crates. s225@2.5o. Celery
Florida, crates. $i.5od325. Onion-Mar-
ket 50-lb. sacks, Texas white wax. IS
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-05-08
GOLD FLOWING TO U. S.

WASHINGTON, May 8.-Signs of
the increasing gold movement
from France to this country were
disclosed today in the Commerce
Departments weekly statement
showing that $4,1O5,244 ha6 been
received from France during the
week ended May l.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-05-08
TOPS 8-YEAR RECORD
Price for West Texas Wool Hits 321z
Cents a Pound.

Ey Untted Press
SAN ANGELO, Tex, May 8.-The
best price paid for West Texas wool
in the last eight years was recorded
today. A car of 12-month wool
brought 1921 cents a pound. This
sale followed one that set the pre-
vious record for the year at 80 cents
for 10000 pounds.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-05-08
HUPP SHOWS 1885 Loss

I UT6S NU6CIuE
NEW YORK, May 8.-The Hupp
Motor Car Corp. showed loss of
$780, lis for 1885 in recent re-
port to the Security and Exchange
Commission.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-05-08
Other livestock
(By United Press)

1000 5000 sy directs ssnsas Il e.
i IS cents lower than Thusrsdag's average;
ESQ b SoS 81 qGe 1920 Hp Ss 0uS SS
ss5OGS.75; few at $3.50. Cattle-Receipts,
still: very few fresh arrivals. but several
loads held from Thursday; best held above
$3.50, but no early sales of Importance;
other Kinds neglected; beef cows. $sasSs::
better grades. SIS down; bulls, 1o@25c
lower: outside sausage kinds. $500; vealers
mostly 15@25c higher; shipping demand
broad; choice 9s-lb.. wooded lambs. sl1.65;
loads with short growth of wool. s1o.25;
other classes steady to strong; wooded year
ling. wethers, $10.25: best clipped ewes,
LAFAYETTE. Ind, May s.--Market: goa
zoe lower; 170-210 lbs, s9.7069.85; 210-235
lbs, se.6o6e.65: 235-zS0 lbs. s9.5o@9. SIS:
1850; Ioo-l4o lbs. ss.5o6s;. roughs S.. so
down. Calves-$8 down: wool lambs, $40 so
down: clipped lambs, 50 down: spring
lambs. Sl2 down.
CBy Times speciaD
LOUISVILLE. May 9-Cattle-R Receipts.
able for most slaughter classes; market
ouotable steady at weeks level on all
slaughter classes; bulk steers and heiferS
strictly good baby beef type yearlings eligi-
Bile upwards of $625; beef cows mostly So
G6:practical top. $3.50; bulk low cutters
ouotable mostly s5.5o@6.25: light beef type
Stockers and stock calves. $6.506775:
choice steer calves eligible around $3.50
Calves-Receipts. $50. including ITO stock
grades, S7dS: strictly choice, $3.50: me-
dunn and lower grades. $3.50 down to 81.
or less for thin light culls. Hogs-Receipts.
market lnWpr-
S9.7o 230-250 lbs. SO 40; 255-S00 lbs, So IS:
sos lbs. up, $40; l20-l55 lbs. SS.S5: sows.
$3.50. Sheep-Receipts. 500: market steady
on all classes OF slaughter sheep and
lambs; most medium to good wooded lambs
So .50M9; choice ouotabe higher: springers
salable. $l0Gl2: according TO weight and
quality: fat wooded ewes mostly SIS so
down.. clipped offerings discounted
around ST.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-05-08
Local Securities

(By indianapolis Bond and Share Corp)
The following quotations do not repre-
indicate the approximate market level
based on buying and selling inquiries or
recent transactions
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-05-08

story to handout to the dear public
in defense of short selling. That
story is this-that when stocks go
too high there are always a num-
Der of men in Wall Street who feel
they are too high and are sure they
will go lower. They sell stocks,
therefore, in the expectation of
buying them back as the shares de-
cline in price.
A S the shares decline in price,
4 n these shorts go into the mar
ket to buy in order to cover and
this tends to support the market,
to cushion it, as they say, to break
the force of the decline. 1t fur
nishes buying power at the very
moment when buying power is
needed.
When the present break APP
peared, Of course, there was no
lack of wise observers to point out
that the break was made more
severe because there was no short
interest-no bears to rush in and
buy when the break came. There
were no shorts, of course, because
the new SEC act makes short SELL
ing difficult. This is at least the
theory.
Now all this is very we'll The
chief weakness in it Is that it is
simply not true. Shorts do not
sell them when the market is high
and rising. They are more apt to
sell them when it breaks. Instead
of supplying a cushioning support
when buyers are needed, the short
sellers, who are mostly profession
ais, rush in and sell and thus add
Oppressive force to the decline.
A N item in a New York news
4 n paper furnishes an interest
ing piece of confirmation of this.
Only a few days before, the paper
pointed out that there was not
much short interest in the mar
ket when the break came. But
five days later it recorded that "a
sizeable short interest has been
built up in several issues during
the last few days" The names of
the stocks in which this short in
terest was built up were given
as Deere g. Co., United States
Gypsum. Johns Manville, Inter
national Harvester, Continental
Can, j. I. Case and Paramount.
This short interest, therefore,
was built up in the last few days;
that is, while these shares were
declining all the way from 4 to 80
points. In other words, instead of
supplying buying power, the shorts
were on the selling side at the
very moment when the stocks
needed support. This is the way
1t always is.
This myth about short seupply
is only one of a dozen solemnly
uttered assumptions about the
market to which there is not a
shred of foundation.
Copyright. 1886. NEA Service. Inc.l
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-05-08
CBy Times specian
LOCAL Cash MARKET

City grain elevators are paying IS cents
for No. soft wheat. Other grades on
their merits. Cash corn new No. 3 yellow
So cents and oats Is cents.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-05-08

WASHINGTON, May 8.-Government ex-
penses and receipts for the current fiscal
year to May 6, as compared with year
ago:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-05-08
Cotton Acreage Increased

Cotton planted and to be planted this gear is esti-
mated at 81, POI 900 acres an increase of 1916 per
cent last year. but decrease of 100000 acres
from estimates month ago, reports Federal Inter-
national Bureau
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-05-08
BONDS

home home E E VIZ we 8 Ss 3D. lSs 1 lSs
Indianpls Water Co 41as 40 106 10S
IndianplS Water Co SIS go los LOT
Indianpls Water Co SIS 10 :. .105 LOT
Indianpls Water Co 5Has SO. .103H 1O6
Indianpls Water Co 51as "a. .103Aa LOG
Interstate T & T. 51as '53 "a 81
Norris & 10 Stores SIS so 100 103
NobleSville H L & P 61as AZ. .101 1903
Ohio Telephone Service IS AT 98K
Richmond Water Wks SIS ST. los 1864
Seymour Water Co SIS 40. .101 104
Terre Haute Tct & L SIS "A. LOG 108
Terre Haute w Wks SIS '56. :. 102 104
Terre Haute w Wks 6s 40. 1913 105
Tct Terml Co SIS '57.......... rs 70
STOCKS
Belt Rail & S Com ....... 53K Sc
Belt Rail & Pfd 6s..... So :.
Central Indiana P pfd Is. 10 81
Home Tel g. Tel FIT Wye U.s.. 521a 54h
Hook Drugs Inc Com :..:... TN IS
Indiana Genl Serv Co 6s. SO 10Oh
Indiana Hydro Elec Co U.s.. SIS SO
Indianapls Gas Co Com -. 80 IS
Indianapolis & L ct pfd 6s.. 87X2 901a
indianapolis & L Ct Pfd 6lss siK 9415
Indianapolis Water Co Pfd IS. .1O2Ha los
North Ind Pub Serv Pfd 51as 611a 641a
North Ind Pub serv Pfd 6s.. 6sR 71h
Progress Laundry Co Com. -. 1914 IL
Pub Serv Co of Ind Pfd IS =. 81 "a
Pub Serv Co OF Ind Pfd rs :. 39H 421s
South Ind Gas g. Elec Pfd 6s 80 102
Terre Haute Elec Co IS 90 "a
Union Title Company Com. :. 1874 21h
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-05-08
Money and Exchange
TREASURY STATEMEN
'DIANAPOLIS STATEMENT

Clearings 50, 5o7, 900
Debts ...................... 7,277,000
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-05-08

(90-l70) Good and choice. $500 So
Common and medium $500 Al
(Sheep and lamb quotations on clipped
basis)
Imperial Valley press., 1936-11-01
"HONOR"
By John Richard Finch
Sixty Seconds From Life

he considered shooting down every man in his
gang-wiping the slate clean. Then he began to
think. Underneath, McGann was shrewd man.
He knew his wrath wouldn't get him anywhere.
Maybe his whole gang was plotting against
him Well he'd find out-even if it cost him fifty
grand. 1t was matter of honor now. He called
in Joe and Tony. He didn't tell them what had
happened, but asked them what they had
found out When they had finished their report,
he decided he would get two more men to tail
them.
After a week in which nothing happened and
ne was no nearer the solution of the missing
money and bonds than on the first day, he
opened the safe to discover another $1,000 in
notes missing This was the last straw Some
body was not only crossing him, but was at
tempting to make fool of him as well. And
getting away with it, too! McGann walked over
to his desk and sat down. His face was the color
of chalk, His was an icy anger. 1t was more
than anger A terrible, abysmal hate contorted
his features, giving way to shreWd, cunning,
leer with just the ghost of smile playing about
his lips.
from that moment on, the lid was clamped
down tight on McGanns apartment There
was watch night and day in the living room
outside the apartment, and at the window at the
end of the hall by the fire escape. There were
no windows in McGann's private sanctuary. 1t
would be impossible to enter except through
the living room or through his own bedroom
In his room was one large window There was
no ledge to walk along. Ten stories of sheer
wall stretched above to the roof and fourteen
stories below to the ground. Entrance by way
of his room was eliminated. His men had gone
over the walls, floor and ceiling of each room
searching for a secret door, proving to Nc
Gann's satisfaction that none existed.
The one thing that one but Grady McGann
knew, however, was about the kodak he had in
stalled over the safe. This was his own secret.
If the panel were opened during the night, an
electric flash bulb would be set off and the
camera shutter behind protecting steel plate,
would click. On the negative would be all the
evidence he wanted.
With all preparations made, McGann sat back
and waited.
1t was about four o'clock in the morning three
days later that he sat up suddenly In bed,
aroused by pounding on the door of the liv-
ing room and the sound of excited voices. He
jumped up and, grabbing his bathrobe, threw
1t over his shoulders. Hurryng into his office,
he switched on the lights. Everything was in
order His eyes sought the panel that concealed
the safe. 1t as exactly as he had left 1t the
Imperial Valley press., 1936-11-01

- RADY McGANN looked accusingly from
" one to the other of the men gathered
around his desk. His machine gun-like eyes
shot wrathful glances that pierced each victim
like a bullet. They were mute with fear Muir
der smouldered in McGann's eyes, and every
man among them kneW what the guilty one
could expect Someone was crossing him-hinl,
Grady McGann the boss Someone had actually
opened his private safe, extracted $1,000 in cur
rency and walked calmly away. 1t was unbe-
nevable, but true! The money was there the
night before Now it gone!
Cleverly concealed by panel in the wall, the
safe was known only to MeGann and few
members of the gang, his intimate henchmen-
men he had pulled out of the gutter and made
something of! The very audacity of the thing
would have amused him if he hadn't been so
raving mad Nobody museled in on Grady Nc
Gam. 1t wasn't the two grand that mattered SO
much but the principle of the thing, he told
himself. One of his own men TO rob his safe
The blood came up into mis- face, and he brought
his fist down on the desk with crash
sone of you rats is goin' to pay for this"
he beloved
There was moment of strained silence, then
Buck Rainey, MeGann's first lieutenant, spoke
up 1t took nerve There WAS a whining note in
the usually grun, ceahdent voice
THE boys didnt 90 III, chlei, lnefe amt a
man in the gang who'd touch money like that.
How about it, boys?" Rainey looked around the
little circle and following chorus of noes,
back at McGann-
'You lyin' scum. Nobody could get into this
room but one of you, If they could, you tell me
how Go on, tell me" He looked threateningly
from one man to the other. We're on the four
teenth floor. There's my bedroom through that
door" He pointed to an adjoining room THE
only other door leads to the liyin where
YOU mugs hang out. You were all there durin
the evenin last night, some of you there all
night Don't tell me somebody got in the front
door through three tWo-inch bars, Watzed right
by your noses came in here, did the job and
found his way out without you seein' EN-. Do
YOU guys think I'm nuts2" he beloved. And
in case your rotten memory fails you. there's
no fire escape outside my window, so nobody
could get in that way. The guy that did this
lob can work the combination with his eyes
shut I'm no fool One of you rats did il and
I'm goin to find out who if it's the last thing
ever do" He turned turkey-red face toward
his lieutenant. Buck you stay here. The rest
of you scram outside, and just stick around. If
YOU didn't pull the job you amt got nothin' to
worry about. And just by way of little
PAGE TWO
Imperial Valley press., 1936-11-01
Right chief" Rainey assented meekly. He

made a hurried phone call while McGann
brooded in his chair, and then proceeded with
his fingerprint test. But the latter disclosed no
prints other than McGanns.
Not so dumb, huh?" McGann remarked,
thoughtfully. Wore gloves" Then his hot Irish
temper got the better of him again. But it
won't do him any good. I'll get the yellow rat!
I'll pump the cheap doube-crosser full of lead!
When will Joe and Tony be here?"
Right away, chief They're on their way up"
Rainey told him.
- UT Grady McGann failed to uncover the thief
u among thieves. His spies found nothing sus-
picious Every member of the gang was tailed,
even Buck Rainey, but nothing happened
nothing until three days later when McGann
opened his private safe to find $500 in nego-
table bonds missing.
White anger possessed him. He boiled. Some
thing seemed to snap in his head. For moment
Imperial Valley press., 1936-11-01
Man Must Believe In Himself To
Achieve His Worldly Ambitions

We may not all be Joan of Arc but we can
all strive to trust that high power to bring
things out right in the end
You may scoff at the idea. just as you scoff
at that ancient savage pictured here, but your
laughter will vanish if you will study history
and the lives of great men,
EVERY GREAT MAN HAS KNOWN FAITH!
they may have called it the power of hon
esty," or the power of work. or the power
of intelligence" but it 'power"-unseen.
Nothing you observe, that isn't given to every
Too often we are tempted to surrender our
forces to the demon doubt and fear, when hay-
ing confidence might have frightened away the
enemy.
Many tighter will tell you that his battles
are won with that last desperate effort-or
second wind" coming after all strength seems
to have gone.
20 THE stout heart and the courageous one
go the winnings
This power given to works always in
harmony with honesty, integrity of purpose and
a persistent struggle for Right.
You may think you know fathless, dishonest
men who are succeeding, but | warn you that
you either are mistaken in their dishonesty or
you have not yet seen the end of their race.
Remember that you not always given
the privilege of knowing ALL about any man,
and those whom you believe succeed without
righteous desire may be more right than you
know
However if you would this power to
achieve, you must wear all the garments of
achievement! You cannot win while you voice
failure No man ever succeeded, believing in
his failure With success MUST go FAITH!
Think of the faith of men who, like Admiral
Byrd, have believed in the face of doubling
world! Some people call that courage-but cour-
age is only another name for faith. Great scien-
on whenever their loved have deserted,
when only some barren attic covered them at
night Look back in history and you will find
that such faith has nearly always been re-
warded!
Such faith in itself is reward because 1t
makes life worthwhile. There is nothing i'm
possible for him who believesl Take Lindbergh,
for example. He BELIEVED he could the
ocean and had the courage to go ahead.
Almost any good fiier could have done it-but
only one aid! What he did with his hands in
plotting that plane was not important but what
he did with his brain brought him fame!
WE MUST ACHIEVE MENTALLY FIRST
BEFORE WE CAN ACHIEVE PHYSICALLY!
"A gE DEPEND too much other people, or
Wv outward circumstances or superficial
things, when we should turn the spotlight on
the INNER MAN! The power that moves the
universe is mentai
Before great building be constructed
it must be visioned MENTALLY! Some one
Imperial Valley press., 1936-11-01

night before The pounding on the living room
door continued and he could hear Buck Raineys
voice above the others. Hurrying across the
room, he unbolted the door. The men pressed in
around him.
Gee, chief. We was afraid somethin' had
happened to you. About five minutes ago. Joe
and were sittin' at the table playin' blackjack,
when we saw light flash under the door. We
just happened to be lookin' that way. 1t was
dark over here by the door and the light showed
blue white on the floor. 1t seemed kinda funny
knowin you had turned in and then we
heard"
4 IcGANN interrupted him. Buck, bring Joe
M and Tony and come in here. The rest of
you can wait outside" There was suppressed
excitement in his voice. When they were alone,
he walked swiftly over to the panel slid 1t
aside and extracted the kodak. An exclamation
of triumph escaped him. The bulb had been
flashed and an exposure made on the film! Now,
noao, at last he would know who the guilty man
was He turned toward the three men who stood
in half frightened awe watching him.
Boys" he said smiling at them for the first
time in days. "in this kodak is a film which
was exposed when that panel was opened a few
minutes ago. The light you saw under the door
was this electric flash bulb likeness of the
rat whose ticket to He'll hold here in my hand
will be on this negative, full, clear shot
the camera set to get every detail. He
couldn't escape it. Come into my bedroom
Well develop it right now. After we get
a good look at it, you boys will have job"
McGann almost ran across the office and
through the door of his bedroom. In a clothes
closet, he had rugged up temporary dark room.
McGann had been photographer at Coney
Island before he got into the racket, and knew
what he was doing. The three men pressed in
around him. He worked like mad in the dim
glow of the tiny ruby light
In his haste, he stepped back against clothes
hamper, tipping it over He cursed and went on
with his work Raney started to right the bas-
ket when exclamation of surprise caused the
others to turn toward him. When he faced the
dim light, in his hand roll of greenbacks.
McGann gasped No one spoke. Rainey bent
down feeling about the floor in the darkness,
and came up with packet of bonds. Even in
shadowy glow of the ruby light, each. read
utter amazement on the others faces. The
money and the bonds!
IA EITHOUT a word McGann turned to the
Wv developing tank with renewed energy and
even greater haste. In another few seconds he
held the negative up to the light. -Four gasps
came simultaneously. The face was easily
ognizable at glance.
"Well I'll be damned" McGann exclaimed
Then he began to laugh, loud, mirthful laugh
that echoed in hollow roar In the little closet
II guess the jokes on me, boys he said finally.
"I forgot all about the little trick I have of
walking in my sleep"
Copyright. 1886