Percentage leases, based on the gross volume of sales, are becoming increasingly popular, according to Herbert Jacques Morris, chairman of the stores committee of the management division of the Real Estate Board of New YorkH.

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1938Oliver Reed, English actor (died 1999)^[†]

Robert Oliver Reed was an English actor, known for his upper-middle class, masculine image and his heavy-drinking, "hellraiser" lifestyle. His screen career spanned over 40 years, between 1955 and 1999. At the peak of his career, in 1971, British exhibitors voted Reed fifth-most-popular star at the box office.

Headlines from February 13, 1938

Ort Plans Membership Tea

Snead Halts Penna, Demaret Routs Picard To Reach Final on San Francisco Links; SNEAD TOPS PENNA TO GAIN GOLF FINAL

Lake Hiawatha Homes Sold

REPAIR-LOAN LIMIT RAISED TO $10,000; Banks Ready to Cooperate in Revised Program for Modernization Work

MORE FIRMS USING PERCENTAGE LEASE; Realty Committee C of Different Rates Various Business

Notable Births