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EXPENSIVE .AND "CHEAP .YEARLINGS. Buying yearlings for ; high prices, does not always result iu great victories on the race course, even When the purchaser is either a good judge himself or is acting on the advice of men of much experience; At the same time there is always the chance of a youngster bought for a big figure at all events getting back the greater part of its purchase money, while, if a filly, sire has alwayshe.r .own value for stud purposes, even shouldIdle ne-tc see a race course, says Vigilant in Loudon Sporty man. Everyone that buys yearlings knows at outset that It is more of a speculation than investment, no matter how bloodlike or how irotii? ising a youngster may appear to be. One may, of course, gie a record sum for a yearling filly, aa was done in the case of Sceptre, and find in her an equine gem of the first water. The highest-priced yearling prior to the year in which Mr. Sievier gave 10,000 guineas for the daughter t Persimmon., out of Ornament which carried off both the Thousands, the Oaks, and the St. Leger. amongst other big races was Childwlck. Althougu his chief victory was in a handicap, many men would be glad to give 0,000 guineas for a highly-bred colt that would win for them a Cesarewitch. At the stud, moreover, Childwlck became a pto-uounced success, siring the great French mare. La Camargo, and others of almost equally high class. Before Childwicks day, La Fleclie fetched 5.050 guineas, and here we have another record-priced yearling, which subsequently carried off the One Thousand. Oaks, and St. Leger, while the previous highest-priced youngster, Maximilian 4,000 guineas, although a disappointment, did manage to win a Liverpool Cup. Of the four highest-priced yearlings at different times, therefore, two were brilliant successes and another fairly successful. On the other hand. Instances can readily be cited of horses bought for modest sums carrying off the Derby, or other races of note, as for example. Spearmint, which won the "Illue Riband." He cost only 300 guineas as a yearling, and for another Derby winner, Galopin, Prince Batthyany gave only 520 guineas. When one considers the multitude :of yearlings that are sold, for such prices as these, it becomes evident, however, that the chance of a cheap yearling carrying all liefore It Is infinitely less than when one gets among the comparatively small number of those, which annually change hands at 1,000 guineas or over. The liest two-year-old of last year, The Tetrarch, cost 1,300 guineas. Crag anour cost 3,200 guineas, and although disqualified for the Derby, he was undoubtedly the best of his age.
