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EXCEPTIONALLY LOW PRICES LOUISVILLE, Ky., May 16— A pony brought the top price of 25 at a sale of horses held in Churchill Downs at noon today. Consigned by J. H. Moody, the grey pony was knocked down to C. H. Knebel-kamp. Ridiculously low prices were received for the offerings. Following is a summary: Property of Jersey Stable, Pure Pact, 0, W. Zoeller; San-dro, 0, C. Dawson; Sand Tree, 0, F. P. Letellier. Property of J. O. Armstrong, Purple, 5, F. P. Letellier. Property of Charles Black, Wise Dream, 10, A. Ravitz. Property of R. L. Woodard, Pierre Pan, 5, W. Zoeller. Property of M. M. Riddle, Elmira, 5, D. A. Moore; Prince Vine, 5, W. Zoeller. Property of Willard Wilson, Sudden Jim, 5, D. A. Moore; Jump Off, 5, M. H. Robinson,
