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REED QUITS WALMAC STABLE LOUISVILE, Ky., May 28— E. Jouett Reed announced today that he had relinquished the training of the Walmac Farm horses and for the present intends to give his full time to the conditioning of the racers of Leslie Combs II., and others to be acquired for racing under his own colors. Ray Kindred, who enjoyed much success with the Southland Stable of the late Charles Bacharach, has been engaged to train the Walmac string.