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By two o'clock the weighing was completed, and in about another hour the largest field of horses ever seen since Memnon's race for the St. Leger appeared at the post. Of course it was not to be expected that the race could be got over without false starts ; six or seven occurred, and it was nearly four o'clock be- fore a successful one was accomplished. After the first two hundred yards, Ralph took the lead at a good, but not by any means great pace, followed hy Camé- léon, Coronation, Potenlia, Arundel, and Joachim, a ruck of horses lying at their heels so closely packed that we cannot undertake to specify their order. Ca- méléon held the second place to the mile post, where he headed Ralph, and went on with the running till near the turn, where he gave up, and shortly after dropt into the crowd. Ralph resumed his lead and maintained it into the straight running, where he was in difficulty, and before he reached the road was fairly beaten ; Potenlia was also beaten here, and being in the Oaks, was pulled up. Coronation, who had all along been going " within himsulf," now took a com- manding lead, at an improved pace, Arundel second, and Van Amburgh, who had crept up from the centre in rounding the corner, third ; very little more re- mains to be told. Fan Jmbmgh defeated Arundel at the distance, but never reached Coronation, who re- tained his lead and won with the most perfect case by three lengths, being the first favorite that has won since Bay Middleton's year. It is not too much to add that the performance will bear comparison with any Derby on record, and that if he keeps well the day, the St. Leger is almost "a certainty," Value of the stakes £4,'275. We understand that Mr. Rawlinson wins about £8,000 in addition to the stake, but that the largest winner is Mr. Isaac Day, who of late has had the management of the horse. Most of the bet- ting men are losers, and the settling is likely to be a heavy one.-Morning Chronicle, May 27.