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IMPORTANT ACTION TAKEN CITY PARK GROUNDS TO BE GIVEN TO NEW ORLEANS FOR PARK USES. Business Mens Racing Association Votos to Authorize Its Officials to Buy the Fair Grounds Property for ?400,000 — Dividend Declared. By J. L. Dempsoy. New Orleans, La., February 22. — Formal stops for the juirchase of tlie Fair Grounds ami for the dedication of tlie City Park race track property to the city of New Ofle— for park rawpaaes. Was taken at a meeting of the Board of Directors of the Business Mens Racing Association last night. The president wrs directed to call a meeting of the stockholders within fifteen day* to vot 1 the transfer and dedication cf the property to the city as an annex to City Park. A resolution was adopted authorizing the officers to buy the Fair Grounds for .5400.000. 04100 to be paid in cash and the remainder in yearly payments of .5,000. A dividend or t n per cent on all the stock. payable March 1, was voted. Reports from the officers showed the net receipts from the racing season just closed will be about I1B6.866 According to statements, the attendance this -winter was far in excess for its forty-four days of the prt vious season, when fifty-seven days of racing were had at the Fair Grounds. Plans for Future Meetings. The purse money this year also totaled 70,000 mor • tl an last year. According to supervisor I. B. Rennyson. future meetings will lie built along lines ill accordance with the improved conditions. It is sdso aimed to make the annual fair bare preceding the race meetings the greatest of its kind iu the tountry. ■a The bataeaWB in these parts are finding their Toils l-i get away a aWniBBl task. iu- to the scarcity of ears in which to transport their Mock. Only ■is ran lft todajr and about ten in all have succeeded ill shipping to Hot Spring* since the clos • of the meeting. Thro i; a promise tliat cars will be avail tble by Sunday next, when a big contingent of horsemen and turf followers, us well as horses. will be shipped to the BpHagB. Today-- Aepartare* Included the horses of R. L. Raker tad five can of variously cwn d horses. Favorable advices continue from Memphis, and if tlie bill favoring racing with the mutuel adjunct is sm-cesslul in passing tlirough both legislative branches, preparations will at once be under way to follow Essex Park with a short Memphis meeting, to be over before the I.exiugton meeting begins.
