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THE NEW YORK TIMES, SATURDAY, JANUARY 2 PRIZE WINNERS IN EXHIBIT OF WOMEN PAINTERS AND SCULPTORS. {Image of a girl reading} "Young Student," by Dorothea Chace, awarded the Olive Noble Prize. {Image of an elephant sculpture} An elephant carved from African wood by Cornelia Van A. Chapin. PRIZES BESTOWED ON WOMEN ARTISTS First Sculpture Award Goes to Grace M. Johnson for Her Work, 'The Lamb.' 300 OBJECTS ARE SHOWN Ex-Governor Whitman's Wife a Winner in Exhibition at the Fine Arts Building. Women artists in various parts of the country won prizes at the forty-fifth annual exhibition of the National Association of Women Painters and Sculptors, which was opened with a reception last night at the American Fine Arts Society Building, 215 West Fifty-seventh Street. The winning oil paintings, water-colors and sculptures were chosen from entries from thirty-nine States. The first Anna Hyatt Huntington Prize of $200 for sculpture went to Grace Mott Johnson of Pleasantville, N.Y., sculptor of animals, for her work called "The Lamb." The second Anna Hyatt Huntington Prize of $100 for sculpture was awarded to Cornelia Van Aiken {Image of a mine area, with buildings} "Roller Coaster in Winter," by Louise Pershing, which won the Cooper prize for water-colors.