• The price of wheat has varied little; and we
suspect that it is not .so scarce as has been represented. From inquiries we have recently made, we learn that there are heavy stocks of good old wheat in the hands of rich West-of-England farmers—men who could afford to hold it, and refused to sell at 40.1 a quarter or less. There is a disposition among this class to hold back, in the expectation that next year the price will be much higher ; an opinion which de- rives strength from the fact, that through a very large extent of the country the seed has not been got well into the ground. The holders also assume that the high price of wheat will cause an increased breadth of land to be devoted to the growth of wheat next year, which will create an unusual demand for seed. In the mean while, the knowledge of a considerable quantity of wheat being held back, tends to keep down prices, even in a market scantily supplied.
