I don't think they will. My belief is that
they are coming to the end of their tether, and there is still a large
shipment of wheat which will be afloat next week."
Kendrick answered an enquiry through the telephone and leaned back in
his chair.
"Wingate," he said, "I'm not sure that I actually agree with you about
the B. & I. They have a wonderful system of subsidiary companies, and
their holdings of wheat throughout the country are enormous,--all bought,
mind you, at much below to-day's price. If they were to realise to-day,
they'd realise an enormous profit. Personally, it seems to me that
they've made their money and they can realise practically when they like.
The price of wheat can't slump sufficiently to put them in Queer Street."
"The price of wheat is coming down, though, and coming down within the
next ten days," Wingate pronounced.
Kendrick stretched out his hand towards the cigarettes and passed the box
across to his friend.
"Why do you think so?" he asked bluntly. "According to accounts, the
harvests all over the world are disastrous. There is less wheat being
shipped here than ever before in the world's history. I can conceive that
we may have reached the top, and that the price may decline a few points
from now onwards, but even that would make very little difference. I
can't see the slightest chance of any material fall in wheat.
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