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Michael Phipps Buys Horses of Late Father FatherGets Gets Off to Good Start as Owner With Beimont Daily Double Score ScoreLEXINGTON LEXINGTON Ky May 12 Humphrey S Finney who with Dr Charles E Hag yard has been completing an appraisal of the thoroughbred stock of the late John S Phipps reported today that Phipps son Michael had purchased from the estate the complete group of 18 horses in the rac ¬ ing stable Tom Kelly will continue on as trainer Disposition of broodmares stal ¬ lions and other stock have not yet been determined determinedMichael Michael Phipps started out well as an owner when the first two horses to carry his colors scored m the first two races at Belmont Park Sinn Feiner and Taras Ring both full brothers paid 1910 and 1340 respectively and combined for a 11800 Daily Double DoublePhipps Phipps was unable to be present to see his horses triumph business commitments precluding his attending todays Belmont Park sport Sinn Feii er is a fouryearold gelding by Shannon II Circus Ring and Taras Ring a threeyearold colt by the same sire and dam