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FRIDAY, May 31. The Stock market to-day was heavy for Fancies, but Sound Stocks were firm and in demand. At the Second Board the market was heavy, but reacted in some stocks at the close. In Exchange the market is heavy and the leading drawer has put down his rate ¼ per cent. Sterling is 91 292 for first class bills. In freights there is a small business doing for Liverpool, but there is a good demand for timber vessels. Four or five more foreign vessels have been taken up at £3 15s for St. Johns to London, and one from the St. Lawrence River to London, at £4 4s. To Havre some Cotton was taken id 15. The receipts at the Sub-Treasury are $98,870: payments, $12,302; balance, $3,829,632. The aggregate in all the Sub-Treasuries is $9,472,000. The State of Pennsylvania has made a claim on the Trustees of the United States Bank for the $100,000 annual liability of the Bank to the School Fund. The Bank has been broken for eight years, and consequently owes the State $800,000. The institution, it is contended, is legally liable, although out of business, from the fact that its charter is recognized and used for the collection of debts and for other purposes. The price of shares has fallen off materially, selling now at 2 per cent. A decision has been lately made by the Supreme Court of Tennesee, which, among other things, embraces a claim of the Ohio Life Insurance and Trust Company of about half a million of dollars, which involved many intricate legal principles and the interest of some six hundred persons. Two bills were filed—one by the Trust Company and the other by other parties against the Nashville Insurance Company. The Nashville Whig says that the Court dismissed both bills for multifariousness, but declared that after the filing of proper bills, the stockholders of the Nashville Insurance Company might be held liable under their charter to the amount of their stock, but as between the deed-holders and depositors of Nashville Company and the Ohio Trust Company, the latter, before they could receive anything from the stockholders, must account for all they would receive in virtue of the deed of trust. The subscriptions for extending the Chicago and Galena Railroad beyond Elgin westwardly are coming in freely. The iron for the road from Dayton to Greenville, Ohio, will be ready and laid down in a short time. The road from Dayton to Springfield is nearly ready for the cars. One-third of the grading on the road from Hamilton to Eton will be done by the middle of July. The continuation of the road from Cincinnati to Hamilton is progressing very rapidly. The Little Miami road is being thoroughly repaired and straightened, and flat bar is giving place to the heavy T rail. The Directors of the Cincinnati and Belpre Railroad Company held a meeting on the 21st inst. at Chilicothe, and made Greenfield a point in their road. The subscription on the Greenfield route amounts to near $200,000. The surveys of the Northern Michigan Railroad are being pushed toward the west. There have been three routes surveyed from Coldwater west—one by Constantine, in Michigan, called the Northern route; one by White Pigeon, Bristol, Elkhart, called the Middle route; and one by Lima, Goshen and Elkhart, callled the Southern route. The distance on the Northern and Southern routes is about the same, being from three to four miles further than on the Middie route. A meeting of the Directors was to be held sometime in May to settle this matter. Some fifty thousand dollars, it is said, has been subscribed in Goshen. The books of subscription to the Cleveland, Sandusky and Toledo Railroad have been opened at Elyria, and the amount requisite to effect the organization of the Company subscribed. A meeting of the stockholders is called for the 7th of June next, for the choice of Directors, and to adopt measures to push forward the work immediately. It is understood that this Company possess all the property and rights of the old Ohio Railroad Company west of Cleveland; and that a part of the located line of that Company, some small portions of which are already graded, will be adopted by this Company. This road is one of the links in the chain of roads from New-York to Galena. The whole route is under contract to Erie, Pa. and will soon be pushed through to the Mississippi. The cars of the Northern Railroad were to ran from Lake Champlain to Chateauguy (45 miles) this week. An order was granted by Justice Wright of the Supreme Court, on Tuesday, directing bill-holders of the exploded Canal Bank of Albany to present the same for payment within two years, or be precluded from the benefit of the fund set aside for that purpose; the Receiver to sell at auction such of the assets of the Bank as he may deem it advisable for the interest of the creditors to dispose of giving at least thirty days' notice of the sale. The debt due from the Watervliet Bank, and which is a charge on the Safety Fund, that due from E. Crosswell, and a certain check for $50,000 drawn on the Canal Bank by the Bank of Geneva in favor of Edwin Crosswell, now held by the Receiver, are not to be sold. It is by the said order referred to William L. Marcy, to pass the accounts of the Receiver and to inquire generally into the matters relating to the Receivership; and also to ascertain who were the creditors of the Canal Bank at the time of its failure, and the amount due to each. The following table, from the Buffalo Commercial, exhibits the weekly Lake imports at that port of some of the leading articles, from the opening of navigation to 1st May, of the years 1849 and 1850, by which it will be seen that in the articles of flour and wheat the falling off was very heavy; while in corn, pork, lard, lumber and staves, the increase was very heavy; but in the two lost named articles part of the increase may be accounted for.
