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. NATIONAL ASSOCIATION OF RACING CO MMISSIONERS OFFICIAL PUBLICATION Tradh .Mark Registered U. S. Patent Offick., Copyright, 1938, by REGAL PRESS, INC. Reproduction of any matter contained herein without written permission expressly prohibited. VOL. XLIV. No. 97 CHICAGO, ILL., SATURDAY, APRIL 23, 1938 PRICE 25 CENTS