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HAIL WISE COUNSELLOR Supercedes Sarazen as Kentucky Derby Favorite — Rules at 4 to 1, Sarazen 6 to 1. A new Kentucky Derby favorite. It is no other than Chicagos own Derby candidate. WiM Counsellor. Yesterday he was quoted at 4 to 1. a drop of two points from 6 to 1. Thus he supercedes Sarazen. which has been the favorite since future book speculation began. Sarazen opened proceedings at 6 to 1 and later heavy Kastern backing forced him down to 5 to 1. Strange to relate, though, the elevation of Wise Counsellor to post of favoritism sent Sarazens price receding to 6 to 1. Here are the latest prices offered by one of Chicagos largest "future" books ; the list only including those quoted low. r than 69 to 1: Wix? Counsellor 4 to I ■•rases ; to l Black i. ..id 12 to l St. James 12 to 1 M:i-i llay II to 1 Senator Norris l." to 1 Pea 11 ltiltler ID to 1 Diogwoca St to 1 Mr. Mutt 30 to 1 Hat tie Creek 40 to 1 I.racauale 40 to 1 hi 1 how • • 40 to 1 Kloiulyke 40 to 1 Nautical 40 to 1 Sianvvix 40 to 1 Worthinore 40 to 1