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CAVALCADES OWNER ILL NEW YORK, N. Y.f July 24.-Mrs. Isabelle Dodge Sloane, owner of Cavalcade and the famous Brookmeade racing stable, has been critically ill since Friday with pneumonia at the North Country Community Hospital at Glen Cove. N. Y. The crisis, it is said, was passed last night and Mrs. Sloane was reported progressing satisfactorily.