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ITALY HAS A GREAT TWO-YEAR-OLD Italy has a great two-year-old a veritable champion, according to report in Ghibcrti, which has accomplished all that has been aslied of him in such smashing style that the critics over there are already picturing him carrying off tlie Grand Prix de Paris, the Italian Royal Derby and St. Leger, and the valuable Prix de Milan, for all of which lie is entered next year. Ghiberti is owned by Signor Federico Tesio, a well-known figure on the Italian turf, and the colt is certainly bred to race. He is by Signorino, by Best Man SIgnorina, by St. Simon Giottina, by Galeazzo, by Galopin Eira, by Kis-ber Jenny Hampton, by Royal Hampton Domi-duca, by Isonomy. London Sportsman.