follows:

Sold for ... to ... 800 bags (of 100 lbs. net each) of Standard Fine
Granulated Sugar at ... cents per pound, manufactured in the United
States or insular possessions, packed in cotton-lined burlap bags,
deliverable from licensed warehouse in Chicago between the first and
last days of ... inclusive. Delivery within such time to be at Seller's
option, upon seven, eight or nine days' notice to the buyer. If
Domestic Beet Standard Fine Granulated Sugar be delivered in
fulfillment of this contract, Seller to make an allowance of 20c per
100 lbs.

The Seller shall have the right to deliver Foreign Cane Standard Fine
Granulated Sugar in fulfillment of this contract by making an allowance
to the Buyer of 25c per 100 lbs., and foreign beet standard fine
granulated sugar by making an allowance of 45c per 100 lbs., provided
such sugars comply with the Types adopted as Standard by the New York
Coffee and Sugar Exchange, Inc., and all duties have been paid thereon.

This contract is subject to an adjustment for duty, as provided in the
Sugar Trade Rules.

Either party to have the right to call for margins as the variations of
the market for like deliveries may warrant, which margins shall be kept
good. This contract is made in view of and in full accordance with the
By-Laws, Rules and Conditions established by the New York Coffee and
Sugar Exchange, Inc.

(Written across the face is the following)

For and in consideration of one dollar to ... in hand paid, receipt
whereof is hereby acknowledged ... accept this contract with all its
stipulations and conditions.

Brokers' Commissions

The broker's commission for either buying or selling each contract of
800 bags of sugar depends upon the price at which the transaction is
executed. The following table gives a range of prices and the
corresponding commissions:

For the sale or purchase of each lot of 800 bags:

_Contract Price_ _Commission_[2]

Up to 9.99c, per pound $15.00
10c to 12.99c, " " 17.50
13c to 17.99c, " " 20.00
18c and above, " " 25.00

[2] These commissions apply to transactions in the United States,
Porto Rico and Cuba, from non-members of the New York Coffee and
Sugar Exchange, Inc.

Minimum Trading Basis

A "lot" of refined sugar consists of 800 bags of 100 lbs. each, or
80,000 lbs. This is the minimum amount which can be s