Red handed, a 4-to-1 favorite ridden by Roy Higgins, earned Trainer Bart Cummings his third straight Melbourne Cup, Australia's oldest and most prestigious race, when he defeated Red Crest by a neck at Australia's Flemington racetrack.
Dr. Fager ($2.40), Tartan Stable's speedy 3-year-old, gained his seventh win in nine starts this year with a 4�-length victory over Jim J. in the seven-furlong $57,400 Vosburgh Handicap at Aqueduct.
MOTOR SPORTS—New Zealander BRUCE McLAREN gained the Can-Am Challenge Cup and the $31,500 first prize despite dropping out of the Stardust Grand Prix in Las Vegas—the sixth and final race of the series. The event itself was won by defending champion JOHN SURTEES of Great Britain.
SWIMMING—Three world marks were set within three days when East Germany's ROLAND MATTHES, 17, was clocked in 2:07.9 for the 200-meter backstroke, after swimming a leg on the East Germans' record-setting 400-meter medley relay team (3:56.5), at a national meet in Leipzig; and Russia's VLADIMIR KOSINSKY, 22, broke Georgy Prokopenko's 3-year-old 100-meter breaststroke mark with a 1:06.7 in Leningrad.
TENNIS—SOUTH AFRICA gained a 5-0 victory over India in the interzone Davis Cup semifinals in Barcelona, Spain and will meet Spain at the end of the month to decide who will play Australia in the Davis Cup Challenge Round.
TRACK & FIELD—West Germany's LIESEL WESTERMANN set a women's world record in the discus with a toss of 200'11�" in S�o Paulo, Brazil, topping the old mark of 195'10�", held for the past two years by Russia's Tamara Press.
MILEPOSTS—NAMED: The Most Valuable Player in the National League, with the first NL unanimous vote ever by the BBWAA, ORLANDO CEPEDA, 30, the World Champion St. Louis Cardinals' slugging first baseman (.325, 25 HRs and a league-leading 111 RBIs).
TRADED: By the Cincinnati Reds, Outfielder ART SHAMSKY, 26, to the New York Mets for Utility Infielder BOB JOHNSON, 31, Shamsky, after hitting 21 home runs in 1966 (including a record-tying four straight in two games), tailed off to a .197 average and three homers last season.
DIED: SAMMY MANDELL, 63, the world lightweight boxing champion from 1926 to 1930; after complications following a stroke suffered 10 years ago, at his home in Oak Park, Ill. Mandell retired in 1934 with an 82-17-8 career record.