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Gay Bit Shows Speed STANTON. Del., June 12. — Gay Bit, from the Bruce Livie-owned Bobanet Stable, turned in a smart trial this morning in preparation for his coming engagement in Saturdays Dixie Handicap. The son of Gay Monarch and Long Bit traveled a mile over a slow track in 1:41 -, . The first half-mile was timed in :492f„ with three-quarters in 1:15. As in his recent races, Gay Bit will be ridden by jockey Shelby Clark.