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Jay Paley Announces Retirement as Owner Partner to Be Given CKbite of Horses and Rest Will Be Sold SANTA ANITA, Arcadia, Calif., May 31. — Jay Paley, who with his nephew, Leon Levy, maintains the fashionable Jaclyn Stable, is retiring from racing as an owner, he announced at Santa Anita this morning. Levy is due here from Philadelphia tomorrow and, on his arrival, disposition of the stable will begin. Paley said that Levy will be given his choice of the horses in the stable and the remainder will be sold either at auction or by private treaty. Paley was prompted to dispose of his interests in the Jaclyn Stable thoroughbreds by their failure to show to better advantage. The Jaclyn establishment has won only one race at this meeting. That victory was achieved by Spotted Bull, a 5,000 yearling who, in a later engagement, was soundly beaten. Several other recent disappointments for the Jaclyn Stable were the failure of Imperial Rock, who co-.t 0,000; Mulatto and I Will "to perform creditably. Paley and Levy came into racing as owners several years ago, and it is estimated, have spent ,000,000 on their stable. While Paley is dissolving his thoroughbred holdings, he will not desert racing entirely for, he said, that he will retain his interests in the Del Mar track, which he owns in partnership with Joseph M. Schenck. 1 * » J
