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FAMOUS OLD TRACK IS SOLD CONEY ISLAND JOCKEY CLUB ACCEPTS OFFER FOR SHEEPSHEAD BAY COURSE. Purchasers Pay ,500,000 for the Property and Will Convert It into a Huge Motordrome Horsemen Ordered to Vacate at Once. "ow York, November 10. After negotiations which have hung lire for more than six months, the Shecpshead Bay race track has tinally lieun sold with the; idea of turning the former home of the thoroughbreds into a huge motordrome for the pur-iwse of holding automobile races. The price paid lor the property is , 500, COO ""d the decision to accept the terms offered by the buyers was readied at u meeting of the directors of the. Coney Island Jockey Club held on Thursday last at the ollices of the club, IS East FortjMirst street. Among the directors present when it was decided to dispose of tlie famous old nice track were Scnuy-ler L. Parsons. John M. Bowers, Harold Vanderbilt, Frank Gray "Griswold and Herber . C. Veil. Immediate steis were taken to oust the few remaining occupants of the stables on the track aud notice was sent that they would be expected to vacate inside of three weeks. Among the owners stil stabling at the track is August Belmont, chairman of the Jockey Club, who has eighteen yearlings getting Initiated into the mysteries of racing. Mr. Belmont contemplated transferiiig his entire racing string to Sheepshead Hay at the close of the Piuilieo meeting. The tjulncy Stable has twenty-two yearlings quartered at the track, and .1. U. Marquette. Jr., has a number of brcodmures and racers in his stabe there. So far as could be learned, it Is the intention of the purchasers to carry out the plans published when the sale of the track for an automoblMng venture was first broached. This included the building of a track two miles in circuit and the building of grandstands on the Neck road side of the grounds instead of the present position on the Ocean avenue side. There has- been no race meeting- at -Sheepshead Uay since 1010, when the passing of the directors liabiliy law caused the cancellation of the fall flie prTnclpiiV stockholder in the Coney Island! Jockey tJub Is- William ". Vanderbilt. whose racing intm-sts- have.-bcpn largely in France for many years; Several options hud b?en granted for the sale of the property for building purposes, but all fell tliVOUglr. It Is understood that many men prominent lirHie automobile business are identified with the- -movement to make a motor racing plant out of tin- track, and that the financing of the scheme is under the direction of an official of the National City Hank. There are 430 acres in the holdings of the club.
