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RACING IN THE ARGENTINE. "Racing at Buenos Ayres is conducted on a grandiose scale," writes a correspondent of the London, Eng., Sporting Life. "There are two courses one at Palermo, which is three miles or so from the center of the city, and used on Sundays, and the other at Belgrano, a mile further out, where they race every Thursday. The stakes vary in value from .5C0 to 0,000. On an average the prize money amounts to about 5,000 each day. An attendance of 50.000 or 00.000 is quite usual, and the accommodation Is so good that everybody can see the racing in comfort. The highest ciiarge is about .50. admitting to the paddock and chief public enclosure. The Jockey Club stand at Palermo is a most gorgeous building. When I was there two years ago the stands surpassed anything of the kind we have in this Country, but in order to carry out certain Improvements it was decided to pull tlK-m down and build anew. The present structure, of white stone and marble, aud palatial design and scope, cost ,100,000. The cost of entering horses for races, most of which close about a week in advance. Is merely nominal. Indeed, every possible encouragement is given to owners and to the public to support racing. "Of course, the authorities are greatly aided by the. huge income derived from the pari-mutuel. There are no bookmakers iii the Argentine. The Jockey Club deducts ten per cent, of the money that passes through the totalizators. Next year in the autumn, probably in October, a prize of ,00. to be competed for at Palermo. Is to be open to the world. It will be a weight-for-age race, and It is hoped to attract the best horses from England, France and America."