College student Jimmy Shaw inherits a racehorse, named Lightning Lad, and sells stock to fellow students in order to obtain funds for racing the horse. Lightning Lad wins very race he is entered in. Marion Braddock, a spoiled rich girl who owns a racing stable offers to buy Lightning Lad, but Jimmy refuses to sell. The day of the big handicap-race arrives and Jimmy and his fellow stockholders are on their way to the track. But a group of gamblers, betting on Lightning Lad to lose, have some skullduggery plans to ensure Lightning Lad does not win the race.

Feature version of the 1936 serial starring Bela Lugosi. A European importing firm resorts to devious extremes to run its Chinese competition out of business.

A madman sets out to destroy a group of Chinatown merchants.