Barrington's smile was somewhat grim. "In both cases you have surmised correctly."

Winston nodded. "Still, it is not mere inquisitiveness, sir. I fancy I am the only man at Silverdale who can understand your difficulties, and, what is more to the point, suggest a means of obviating them. You still expect to buy at lower prices before the time to make delivery comes?"

Again the care crept into Barrington's face, and he sat silent for almost a minute. Then he said, very slowly, "I feel that I should resent the question, but I will answer. It is what I hope to do."

"Well," said Winston, "I am afraid you will find prices higher still. There is very little wheat in Minnesota this year, and what there was in Dakota was cut down by hail. Millers in St. Paul and Minneapolis are anxious already, and there is talk of a big corner in Chicago. Nobody is offering grain, while you know what land lies fallow in Manitoba, and the activity of their brokers shows the fears of Winnipeg millers with contracts on hand. This is not my opinion alone. I can convince you from the papers and market reports I see before you."

Barrington could not controvert the unpleasant truth he was still endeavoring to shut his eyes to. "The demand from the East may slacken," he said.

Winston shook his head. "Russia can give them nothing. There was a failure in the Indian monsoon, and South American crops were small. Now, I am going to take a further liberty. How much are you short?"

Barrington was never sure why he told him, but he was hard pressed then, and there was a quiet forcefulness about the younger man that had its effect on him.

"That," he said, holding out a document, "is the one contract I have not covered."

Winston glanced at it. "The quantity is small. Still, money is very scarce and bank interest almost extortionate just now."

Barrington flushed a trifle, and there was anger in his face. He knew the fact that his loss on this sale should cause him anxiety was significant, and that Winston had surmised the condition of his finances tolerably correctly.