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Arctic Gold Falls in Running Of Queen Elizabeth Stakes HURST PARK, London, England, May 14 Reuters. — John Hay Whitneys Arctic Gold, starting as a 5 to 2 favorite, fell in the Queen Elizabeth Steeplechase at Hurst Park today. The 4,000 added race, run over three miles, was the first of Festival of Britains races and with the exception of the Grand National is the most valuable steeplechase to be run in Europe this year. The winner was the 14-year-old Red April, oldest horse in the race and who, starting at 100 to 7, beat Lockerbie by six lengths with Rideo, a similar distance away in third place. Some of the best chasers in training were in the field, including the 1950 Grand I National winner, Freebooter, who ran well but lacked speed. Arctic Gold jumped well the first circuit of the course but fell at the first fence in the straightaway the second time around. . r Princess Elizabeth witnessed todays pro-1 gram.