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Memphis Races Clay Stake.

--The Memphis Avalanche, of the 29th Oct., says:

‘ The race set for yesterday was the Clay Stake for three year olds--$500 entrance, $200 forfeit — for which there were twenty-eight entries. Of these only two were on the ground — Guild & Blythe's Albion coit, Jack Malone, and Mr. Roundtree's Albion filly, Lady Chiffey. Both are cracking, and good sport was anticipated, but when it came to a start the filly was found to be dead lame and she paid forfeit. The colt "walked over," although he made the last mile in 1.55. By the unfortunate concatenation of circumstances, Messrs. Guild --Bly the pocketed the snug sum of $4,800, nett.

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