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CROSS BOW THE FAVORITE Displaces Ptolomey II. as First Choice for Epsom Derby — Latest Quotations for Big Race. SPECIAL CABLrXJHAM. LONDON. England. May 15. — Cross Bow. a. son of Jay Crusader- Popinjay, owned hy Lord Aster, is now the favorite for the Epsom Derby whk-h will be run on May 27. The w inner of the Newmarket Stakes this week is held at ldO to 15, displacing Captain Jefferson Davis Cohns Ptolomey II.. which was the li .i e. The latter is now the eciual second choice with Conquistador at 7 to 1. Manna, winner of the Two Thousand Guineas and another former favorite, also has receded in the betting from II to 2 to 9 to 1. He was easily beaten in the Payne Stakes yesterday by Zambo, which received 5 pounds. The distance of this contnst was a mile and a half. St Cican is another that has receded. He and Solario are quoted at loo to i, ,-ai li. St. Bacaa appears to be too finely drawn and has treated an unfavorable impression.