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r - - --t i RECEIVER SUGGESTS THAT CONEY ISLAND BE SOLD I I CINCINNATI, Ohio, May 26. Attorney Walter D. Murphy, receiver for the Cincinnati Jockey Club, Inc., operating the Coney Island race track, suggested that for the best interests of all concerned the real estate and personal property be sold, and filed application seeking instructions from Judge Stanley Struble in Common Pleas Court Tuesday. According to Murphy, the future of the club and track will be determined by the instructions given by the court. The attorney also recommended to Judge Struble that he be authorized to file suit against William V. Dwyer and the Atlas Finance Company, Ltd., to clarify conditions of a lease on a portion of the property. Attorney Murphy also stated that the company insuring the track and property against damage by fire and windstorm had notified him that all policies were cancelled May 24 for non-payment of premiums. "It would be for the best interests of said defendant, Cincinnati Jockey Club, Inc., its creditors, said receiver and all persons interested, that incurring of further expenses and risk of possible fire or windstorm loss, be stopped, and that all of said real estate of the Cincinnati Jockey Club, Inc., and all of its personal property, with the exception of cash on hand and accounts receivable, be sold at an early date to the highest bidder at public auction or private sale," Murphy recommended.
