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KENTUCKY DERBY OPEN TO GELDINGS LOUISVILLE, Ky., January 4. President Charles i Graiuger of Churchill Downs announced tonight that geldings would not be barred from this years Kentucky Derby. This is the first official statement to that effect. The ruling means that J. K. L. Ross can send Billy Kelly to the post hi-thc rich event. Toto, .from Frank Weirs stable, will also be a sure starter if he trains welj,