old on the
Exchange.

Delivery

The date upon which sugar shall be delivered on an Exchange contract is
at the option of the seller, provided that date come within the month
named in the contract. Notice of the date of delivery must be given to
the buyer seven, eight or nine days preceding the day on which delivery
will be made.

If you are not going to fill your actual sugar needs by accepting
delivery from the Exchange warehouses, you should close out your
contracts within two weeks, or, at the latest, ten days of the first of
the month in which delivery is specified, as after notification of
delivery has been given, there is usually not sufficient time to make
other plans.

Orders

Except in nearby localities, orders should be sent by wire, addressed
to: SUGAR FUTURES DEPARTMENT, 132 Front Street, New York, N.Y.
Inquiries or orders will be given prompt attention at any of our
offices, but time will be saved and execution facilitated if they are
sent direct to New York. Unless otherwise specified, orders are good
only for the day on which they are received. If they cannot be executed
at the price named before the closing of the Exchange on that day, or
if they should arrive after the Exchange closes, it will be understood
that they are automatically cancelled unless specific instructions are
given for the execution the following day or unless formally renewed by
wire. If you desire to place an order, good until countermanded, you
can do so. The general term applied to such orders is "order good till
cancelled." The general abbreviation in the trade is G.T.C.

Exchange Trading Hours

Hours for trading on the Exchange are from 11:00 a.m. to 2:50 p.m.,
except on Saturdays.

Saturday hours are from 10:30 a.m. to 11:50 a.m.

Delivery and Warehousing Charges

If you make delivery on the exchange, the following are your charges:

Storage 3c per 100 lb. bag
Handling in and out, charged
with first month's storage 5c per 100 lb. bag
Negotiable warehouse receipt 50c

If you accept delivery on the exchange, your charges are:

Carloading 1-1/4c per 100 lb. bag

Acceptance of your order

The form of our acceptance of your order reads as follows:

In accordance with your instructions we have this day made the
following transactions in STANDARD FINE GRANULATED SUGAR for your
account and risk, subject in all respects, and i