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CUT ODDS ON SEABISCUIT SAN FRANCISCO, Calif., Dec. 29. News s of the shipping of Seabiscuit to California a resulted in a chopping of the odds against t Americas champion in the future books s here. The Howard star was cut to four, two 0 and even today in the Santa Anita Handicap p future book quotations. Heelfly, the A. G. Vanderbilt flash, was sliced to 20 to 1 on n the strength of reported excellent workouts. Stagehand, which now appears certain to I stay on at Miami for the Widener Cup, has i been boosted to 40 to 1 in the Santa Anita. Pasteurized, also believed certain to duck Seabiscuit in the California race, has been elevated- to 40 to 1. Other raises include Melodist, Wing and Wing, and Marynell, now 800 to 1, and Town Call, 2,000 to 1.