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THE OFFICIAL RACING PAPER Americas Tmrf Authority for Forty-Three Years 7 a NATIONAL ASSOCIATION OF RACING CO MMISSIONERS OFFICIAL PUBLICATION Trade Mark Registered U. S. Patent Omci Copyright, 1938, by REGAL PRESS, INC. Reproduction of any matter contained herein without written permission expressly prohibited. VOL. XLIV. No. 311 CHICAGO, ILL., THURSDAY, DECEMBER 29, 1938 PRICE 25 CENTS