THE MICHIGAN DAILY
Burroughs Explains Theory of CLASSIFIED DIRECTORY
Delinquencies On Real Estate
tire Lending Service
b Be Inaugurated For
iird Successive Year
any On Display
ures Mostly The WorkI
Faculty Meners Or
in Arbor Residents
tenth annual exhibition of the
krbor Art Association will open
galleries of Alumni Memorial
tonight and continue through
icident with the opening of the
t the third season of the asso-
i's picture lending service "will
ugurated. Based on the theory
lending library, the service en-
he subscriber to take home for
onths one of the paintings dis-
* in the special exhibition
in the north gallery and con-
of representative examples of
ork by the professional group
nters resident in Ann Arbor
rgely on the staff of the col-
season is divided into four1
s of two months each, and pic-
may be rented for a small fee
ly of these periods, enabling
>lder to engage four pictures
e respective periods.
pictures, whicli are the work
d Aldrich, Jr., Ernest Harrison
s, Myron B. Chapin, Margaret
apin, Jean Paul Slusser, and
stro-Valerio, will be on display
t and continue on view through
y, Nov. 6. Patrons may sub-
for them at the gallery to-
or may engage them on either
Sunday afternoons, Oct. 30
ov.' 6, between the hours of 3
Depression is the occasion rather
than the cause of delinquency in ur-
ban real estate mortgages, according
to Roy Burroughs, instructor in eco-
nomics, who spoke recently from the
Morris Hall studios of the University
Broadcasting Service over Station
A survey which was conducted by
Mr. Burroughs in collaboration with
Prof. Ernest M. Fisher of the School
of Business Administration shows
that the number of mortgages which
were delinquent in the depression
years of 1932 and 1931 was only twice
as great as the number delinquent
during normal business years.
Never Less Than 5.45 Per Cent
"Throughout the period of pros-
perity from July, 1923 through July,
1929," Mr. Burroughs stated, "the
portion of mortgages with delinquent
interest was never less than 5.45 per
cent. If such is generally true, some
other factors must have caused de-
Other facts pointed out by Mr.
Burroughs were that if a mortgage
can last three years, the chances of
its never becoming delinquent are
much better, that nine-tenths of all
delinquent mortgages are delinquent
more than once, that a decline or in-
crease in the population of a district
does not necessarily influence the
number of delinquent mortgages in
that district unless these fluctuations
are accompanied by changes in the
wealth and general character of the
Points to Borrower
Mr. Burroughs declared that fac-
tors in relation to the borrower are
much more important than factors
in relation to the property mort-
gaged. "While property may serve as
security for loan, only the borrower's
Faculty Members Leave
To Attend Field Meeting
actions may prevent delinquency," he
"Quantitative or statistical studies
to determine attributes of borrowers
that may be associated with delin-
quency have been exceedingly limit-
ed," said Mr. Burroughs in conclusion.
said Mr. Burroughs in conclusion.
"The Bureau of Business Research of
the University has been developing
a technique that would be valuable
if used in a large number of credit
studies. But so far lenders have relied
on hunches more than facts."
Egypt And Old Testament
To Be Lecture Subject
S. R. K. Glanville, of the British
Museum, will deliver a lecture on
"Egypt and the Old Testament" here
Nov. 1, it was announced yesterday.
The lecture, which will be held at:
4:15 p. m. in Natural Science Audi--
torium is sponsored by the trustees
of the School of Religion Fund.
Mr. Glanville is one of the most
active of the younger generation of
British Egyptologists. His official
position is assistant keeper of Egyp-
tian and Assyrian antiquities. For
several years he has been engaged in
Egyptological studies, taking part in
the excavation of El Amarneh and
Armant and collaborating in the pub-
lication of the mural paintings of
B y Fraternities
(Continued from Page 5)
ley; Lieut. and Mrs R. R. Coursey;
and Capt. and Mrs. A. B. Custis.
Zeta Psi fraternity will hold a for-
mal dance tonight. The patrons of
the dance will be Mr. and Mrs. Harry
Mack, of Detroit, and Mr. and Mrs.
W. R. Hodgkinson, of Chicago.
DELTA KAPPA EPSILON
Delta Kappa Epsilon fraternity
had many guests last week-end who
returned for the Illinois game. This
list included Mrs. Hugh Chalmers
and daughter; Mr. and Mrs. Hugh
Chalmers, Jr., '28; Howard Kreske,
'28; Bing Longyear, '28; and Marian
B. Detwiler, all of Detroit.
The guests from Flint were Freder-
ick Pond, Mrs. Grant Pond, Pat
Doughterty; and Jean Watson. E. A.
Rood, '05, and son, and Mr. and Mrs.
J. A. LeForge were guests from Grand
Rapids. Tenny Snook, of Beverly
Hills, Calif., was also a guest of the
LAMBDA CHI ALPHA
Lambda Chi Alpha fraternity en-
tertained the following guests last
week-end: Mark Parnell, '25, and
Mr. and Mrs. Leanard Keller of De-
troit; Bruce Schwarze, '30, Flint;
Milton Bergman, '30. Buffalo, and
Theodore Mitz, a guest; John Bridge-
water, '30, Stow, Ohio.
Kappa Nu fraternity entertained
last week-end Bernice Goldberg, Mr.
and Mrs. Edmund Sloman, and Mr
and Mrs. A. D. Deutsch of Detroit;
Esther Schwartzwinger of Terre
DELTA THETA PHI
Delta Theta Phi fraternity enter-
tained the following guests last week-
end: Charles Swaby, '32, and Ken-
neth Cole of Detroit; E. F. Wolfe and
C. A. Beckman of Toledo; Richard
Scholl of Lansing; and Judge A. B.
Anderson of the Supreme, Court of
Ohio, of Columbus.
Mr. E. P. Hamilton of New York
is a guest of the Theta Xi Chapter
house. He is President of the Grand
Lodge and is on his way to Evanston,
Ill., for the installation of a chap-
ter house at Northwestern University.
FOR RENT---Large front room. three
windows, 1 1-2 blcks from campus,
$3.50. 602 Monroe, Phone 2-1502.
FOR RENT-Near campus. Clean
well furnished suite on second
floor. Phone 3216 94 1
RENT -- Week-ends, large double
room in private home. 1320 Forest
Court. Phone 7957.190
FOR RENT -- near campus. Cie-an,
well f u r n i s h e d suite on second
WANTED-Window trimmer with
clothing experience. Apply The
Fair, 200 N. Main. 92
WANTED-Position as porter in fra-
ternity. Experienced. Phone 2-1007.
FOR SALE-Sweet cider. Paw Paw
grapes and grape juice. Call 9534
1 or 22413. Wagner Cider Mill. 20
SPECIAL-For Saturday only. Load
up your Cine Kodak. 100 ft. rolls,
$4.93; 50 ft. rolls, $2.98. Francisco-
Boyce Photo Co. 723 N. Univ. 29c
NEW HOME LAUNDRY-Liberty at
Maynard. Free mending and darn-
ing. Collars and cuffs reversed.
Opening special, 12c a shirt cash
and carry. Dial 8894. 8c
STUDENTS' Laundry by experienced
Laundress. Prices reasonable. Will
call for and deliver. Stockings done
free. Call 116 and ask for 769F13.
LOST - Black suede zipper purse
containing glasses and pen. Finder
please dial 4367 93
LOST-Slide rule. Near Union. Nor-
man Gilman. Phone 2-2352. 425
LOST-$30 in cash. 2 tens and 2
fives. On State between Hoover
and Union. Phone 23478. 95
Grand Opening Tonight
R" Gy OR.gj FAST
4 W ) i o T WOR
WASHING and ironing. Called for
and delivered. Silks and woolens
guaranteed satisfactory . 23478
611 Hoover. 15c
STUDENT LAUNDRY-Good soft
water. Will call for and deliver.
Sure satisfaction. Telephone 4863.
W A N T E D-Student and family
washing, rough dry or ironed. Rea-
sonable, call for and deliver. Phone
WANTED - Student and family
washing. Phone 3006. 6c
LAUNDRY-Soft water, 21044.
Towels free. Socks darned. 13c
PIANO TUNING-The official con-
cert artist tuner. Office at resi-
dence. Phone 6776. Not with any
music shop. Victor Allmendinger.
Exclusive tuner for the University
School of Music. 91
WALKER'S Home Laundry--Student
laundry a special ty. Terms very
reasonable. Dial 4776. We call for
and deliver. 7c
FOR SALE-Children's play clothes
and snugovers, and girls hand-
made frocks. Call E. H. Connor,
1110 Olivia Ave. 6152 96
BARGAINS-In repossessed cars.
1932 Plymouths, Fords, DeSotos, at
tremendous discounts. Investigate!x
Finance Co. 311 W. Huron St.
Elmer Rice's Ultra-Modern Drama
The First Offering on Play Production's
Oct. 28,29,31, Nov. 1,2, 3
All Seats 50c
(Curtain rises at 8:30)
Jean Kyer is in charge of t
this year, and basing h
1 on the increase in intere
ar over the somewhat exper
first season, expects sor
lively dating on the openir
of the exhibition.
levoix has received a gift of
e park from a former laml
UN T AIN PR S
lr, SheSff er ,ate=z=,
.in, etc., $1.00 and up*
rge and choice assortmen,
. State St., Ann Arbor.
Four members of the School of
er Forestry and Conservation faculty
st left Thursday morning to attend a
i field meeting of the Ohio Valley sec-,
ne tion of the Society of American For-
ng esters, it was learned yesterday fromI
Prof. S. W. Allen, of the Forestry
school. The trip will start at Martins-
ville, in southern Indiana, and end
a in Brown County near Bloomington
P- Saturday, the second day.
Representatives from the Univer-
sity will be Professors L. J. Young
and S. W. Allen, of the teaching staff,
Mr. N. L. Munster, forest technician,
and Kolomon Lehotsky, graduate stu-
dent and junior instructor. Field op-
erations of the state forestry depart-
ment of Indiana and some private
reforestation projects will be studied.
KODAK AT THE GAME
We wish to announce the win-
ners of the score-guessing con-
test on the Michigan-Illinois
HENRY M. KENDALL 35-0.
L. W. STEIN 33-0.
GEORGE FRYSINGER 32-0.
CHAS. L.., DePUTRON 30-0.
R.ENT AN ACCORDION
Only $1 per Week
Rental Applies Toward Purchase Price If You Buy
Studio, Sales, Repairs - Terms
ANN ARBOR ACCORDION CLUB
706 East University
Stop a tour store today for a KODAK to take to the
game. You'll enjoy for years the pictures you get.
With KODAK VERICHROME FILM you don't need
bright light for good results. Take several rolls to the
game with you. We have all popular sizes.
CALK NS -FLETCH ER
Guessing contest on all football
games. Each barber gives $2.00
job free to his client guessing
Free manicuring with all
615 East Liberty Phone 9390
Near Michigan Theatre _-.
IG game hunters fuel them-
selves up regularly with that
famous energy-and-courage food,
Shredded Wheat. No namby-
pamby foods for them! So start
your day with Shredded Wheat,
and see what the evening brings!
It s 100% whole wheat, you
know . . and that's Nature's
own energy food! Nothing lost,
and nothing added. Shredded
Wheat is energy food, but it
knows how to taste good, too.
Slide yourself up to your favor-
ite eating place. Ask Joe for a
brace of those hearty biscuits.
Float them in a bowl of cream or
milk. Keep up the good work for
a week, and then tell the campus
to watch out!
When you see Niagara Falls on the package,
you KNOW you have Shredded Wheat
W 1HE E +°45NA T
NATIONAL BISCUIT COMPANY
AFTER THE DANCE
Betsy Ross Shop
In the Arcade
60 sheets and 50 envelopes engraved with
Michigan Seal now 85c
316 State Street
Show your colors for Homecoming Day. Our new stock of
Michigan Pennants and Banners are excellent quality and priced
We offer for Friday and Saturday the regular Michigan $1.25 box of
Embossed Stationery for 79 cents. 24 sheets embossed, 36 plain sheets and
50 envelopes. A REAL BARGAIN.
Remember we give a 10 % discount on personal, engraved
Xmas cards if you place your order with us before November 15th.
See our full line of greeting cards and display catalogues at our
State street store.
Visit our highly developed FICTION department in both
r r - E -_ ar. s t r .