THE MICHIGAN DAILY xhibit Will Tonight At iniGalleries 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 2. 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- Architecture. 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 p. rn 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 WJR, Detroit. 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- linquency." 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 neighborhood. 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 pointed out. "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 Amarneh. Danees Planned B y Fraternities Over Week-End (Continued from Page 5) ley; Lieut. and Mrs R. R. Coursey; and Capt. and Mrs. A. B. Custis. ZETA PSI 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 house. 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 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 Haute, Ind. 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. THETA XI 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. lFOR RENT FOR RENT---Large front room. three windows, 1 1-2 blcks from campus, $3.50. 602 Monroe, Phone 2-1502. 87 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 WANTED-Window trimmer with clothing experience. Apply The Fair, 200 N. Main. 92 WANTED-Position as porter in fra- ternity. Experienced. Phone 2-1007. 88 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. 9 LOST 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 S. Division. LOST-$30 in cash. 2 tens and 2 fives. On State between Hoover and Union. Phone 23478. 95 r Grand Opening Tonight "The Adding Machine" 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. 12c W A N T E D-Student and family washing, rough dry or ironed. Rea- sonable, call for and deliver. Phone 5118. 14c WANTED - Student and family washing. Phone 3006. 6c LAUNDRY-Soft water, 21044. Towels free. Socks darned. 13c NOTICEa 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. k(201.- Elmer Rice's Ultra-Modern Drama The First Offering on Play Production's 1932-33 Season LABORATORY THEATRE Oct. 28,29,31, Nov. 1,2, 3 All Seats 50c (Curtain rises at 8:30) I I: -.j 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. .t r (t. C t, 4w .06 60 Who ,: 11- KODAK AT THE GAME GROOM-WELL BARBERS We wish to announce the win- ners of the score-guessing con- test on the Michigan-Illinois game. 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 V('ompa"i Guessing contest on all football games. Each barber gives $2.00 job free to his client guessing nearest score. Free manicuring with all barber work First-class shine 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!