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THE OFFICIAL RAGING PAPER Americas Turf Authority for Forty-Four Years NATIONAL ASSOCIATION OF RACING CO MMISSIONERS OFFICIAL PUBLICATION Trade Mark Registered U. S. Patent Office. Copyright, 1939, by THE CECELIA COMPA NY — Reproduction of any matter contained herein without written permission expressly prohibited. VOL. XLV. No. 104 CHICAGO, ILL., TUESDAY, MAY 2, 1939 , PRICE 25 CENTS