St. Elias Stables homebred Rated by Merit (c, 2, Battalion Runner--Banner Waving, by Speightstown), featured in TDN nearly six weeks ago as Vinnie Viola's "unlikely Derby contender," showed again why he ranks at or near the top of the promising 2-year-olds for the powerful stable. The undefeated colt won Saturday's FTBOA Florida Sire In Reality Stakes at Gulfstream to sweep the Florida Sires series. With the In Reality his first try around two turns, Rated by Merit broke smoothly from the rail to set an easy :24.13 and :48.92 pace....