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WISE COUNSELLOR FAVORITE FOR THE PREAKNESS BALTIMORE, Md.. May 8.— St. James will not go in the Preahneai according to a telegram received this afternoon by T. J. Healey. It was signed by A. J. Joyner. trainer of the Ambassador IV. colt. This leaves Wise Counsellor as favorite for the renewal of th-. 000 race OB Monday. J. H. Ward galloped the son of Mentor three-eighths this morning land will give him his linal prep tomorrow, probably between races.
