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BLUE GRASS BREEDERS TO REFINE. Lexington, Ky., September 9. O. II. Chenault, owner of the Spendthrift Stud, reports that the sale of thoroughbred yearlings being conducted in New York is the worst all-around sale he ever saw. Mr. Chenault is of the opinion that the breeders here will have to limit their oieratlons. The- breeders will he forced to sell all but their most productive broodmares and breed to the highest class stallions in order to make their business a success is ilia opinion. Deing a member of the Protective Dreeders Association, Mr. Chenault says that he will urge that the association become active again and enter the field for purchasing broodmares. The lack of racing in the west he ascribes as the cause of the poor sale of yearlings.