do the same," his companion declared. "And as to
B. & I.'s there's money to be made out of them one way or the other, but
I shall advise my clients not to touch them.--Hullo, we're discovered!
Here's Sarah."

The young lady in question, escorted by a pink-complexioned, somewhat
bored-looking young man, who cheered up at the sight of the iced drinks,
greeted the two friends with a smile. She was attired in the smartest of
garden-party frocks, her brown eyes were clear and attractive, her
complexion freckled but pleasant, her mouth humorous, a suggestion which
was further carried out by her slightly retrousse nose. She seemed to
bring with her an agreeable atmosphere of wholesome things.

"You shall advise your clients not to touch what?" she enquired. "Are
there any tips going?"

Kendrick shook his head.

"You stick to the tips your clients slip into your hand, my dear young
lady," he advised, "and don't dabble in what you don't understand. The
Stock Exchange is a den of thieves, and Maurice here and I are two of the
worst examples."

Miss Sarah Baldwin made a little grimace.

"My clients are such a mean lot," she complained. "Now that they have got
over the novelty of being driven in a taxicab by a woman, they are
positively stingy. Even Jimmy here only gave me a sovereign for picking
him up at St. James' Street, waiting twenty minutes at his tailor's, and
bringing him on here. What is it that you're going to advise your clients
to leave alone, please, Mr. White?"

"British and Imperial Granaries."

The young man--the Honourable James Wilshaw--suddenly dropped his
eyeglass and assumed an anxious expression.

"I say, what's wrong with them, White?" he demanded. "They're large
holders of wheat, and wheat's going up all the time."

"Wheat's going up because they're buying," was the dry comment. "Directly
they leave off it will drop, and when it begins to drop, look out for a
slump in B. & I.'s."

The young man relapsed into a seat by Sarah's side and swung an
immaculately trousered leg.

"But look here, Maurice, my boy, why should they leave off buying, eh?"
he enquired.

"Because," the other explained, "there is a little more wheat in the
world than the B. & I. have money for."

"I can give you a further reason," Kendrick intervened, "for leaving B.
& I.'s severely alone. There is at the present moment on his way to this
country---if he is not already here, by the by--one of the shrewdest and
finest spe