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Malekzadeh Beaten NEWMARKET, England, May. 25 Reuters . — The Aga Khans Epsom Derby hope, Malekzadeh, ran a disappointing race in the Payne Stakes over the Derby distance of a mile and a half here Thursday. Starting as the favorite he was unplaced, being ridden by Charlie Smirke. The winner was Lord Roseberys Kings Colour, who ran on gamely up hill to beat H. J. Joels Der by candidate, King Cardinal, by a head. A. C. Walkings Dunnottar was a neck farther away in third place.