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Derby Post Time 530 530LOUISVILLE LOUISVILLE Ky April 30 Post time for the first race at Churchill Downs on Derby Day will bes 12 oclock noon Central War Time and the program will embrace nine races Post time for the Derby it ¬ self Is 530 p m The race which Is set for noon is staged for the entertainment of the many patrons who arrive early in order to obtain a good vantage point from which to witness the threeyearold classic Wagering on the Kentucky Derby will begin promptly at 900 a m and the other race speculation will be handled in the usual manner