. In
the early 80's the Exchange abolished the old method of keeping coffee
statistics, and the basis then adopted has since been accepted by all
the large coffee markets of the world."

The minimum rates of commission on coffee "per contract of 250 bags, for
members of the Exchange residing in the United States, are based upon a
price" as follows, quoting from the Exchange bylaws adopted June 8,
1920:

COFFEE EXCHANGE COMMISSION RATES
(Per contract of 250 bags)

Floor
Commission brokerage
for buying for buying
or selling or selling
Below 10 cents $6.25 $1.50
10 cents up to 19.99 cents 7.50 1.75
20 cents and above 10.00 2.00

For non-members residing within the United States, double the above
rates of commission shall be charged.

For members and non-members residing outside of the United States a
commission of $2.50 shall be charged in addition to the above
rates.

Whenever before thirty minutes after the close of the exchange a
member gives to another member for clearance purchases and sales of
contracts corresponding in all respects except as to price, made
during the day by himself or for his account _when present on the
floor_ of the Exchange, a charge for each contract shall be made
equal to the corresponding floor brokerage rate for buying and
selling, in addition to any floor brokerage incurred.

Members procuring business for other members may, by agreement, be
entitled to one-half the commission rates for non-members
prescribed in this Section, less the corresponding brokerage
charge, whether paid or not.

When a transferable notice is given or received by a customer in
fulfillment of a contract the brokerage in that case shall be not
less than one-half of the corresponding buying or selling
commission prescribed in Section 103.

Other committees are the finance committee (two) to audit bills and
claims against the Exchange, to direct deposits and investments, and to
audit the monthly and yearly accounts of the treasurer; a law committee
(three), to deal with matters of legislation; a membership and floor
committee (five); and a nominating committee (five). Organized as above
outlined, and wi