id	sid	tid	token	lemma	pos
29915	1	1	generously	generously	RB
29915	1	2	made	make	VBN
29915	1	3	available	available	JJ
29915	1	4	by	by	IN
29915	1	5	The	the	DT
29915	1	6	Internet	Internet	NNP
29915	1	7	Archive	Archive	NNP
29915	1	8	/	/	SYM
29915	1	9	American	American	NNP
29915	1	10	Libraries	Libraries	NNPS
29915	1	11	.	.	.
29915	1	12	)	)	-RRB-
29915	2	1	about	about	IN
29915	2	2	SUGAR	SUGAR	NNP
29915	2	3	BUYING	buy	VBG
29915	2	4	for	for	IN
29915	2	5	Jobbers	Jobbers	NNPS
29915	2	6	_	_	IN
29915	2	7	How	how	WRB
29915	2	8	you	-PRON-	PRP
29915	2	9	can	can	MD
29915	2	10	lessen	lessen	VB
29915	2	11	business	business	NN
29915	2	12	risks	risk	NNS
29915	2	13	by	by	IN
29915	2	14	trading	trade	VBG
29915	2	15	in	in	IN
29915	2	16	Refined	Refined	NNP
29915	2	17	Sugar	Sugar	NNP
29915	2	18	Futures	Futures	NNPS
29915	2	19	_	_	NNP
29915	2	20	_	_	NNP
29915	2	21	by	by	IN
29915	2	22	_	_	NNP
29915	2	23	B.	B.	NNP
29915	2	24	W.	W.	NNP
29915	2	25	DYER	DYER	NNP
29915	2	26	A	a	DT
29915	2	27	BOOKLET	BOOKLET	NNP
29915	2	28	FOR	for	IN
29915	2	29	JOBBERS	jobber	NNS
29915	2	30	WHO	who	WP
29915	2	31	SELL	sell	VBP
29915	2	32	SUGAR	SUGAR	NNP
29915	2	33	_	_	NNP
29915	2	34	Lamborn	Lamborn	NNP
29915	2	35	&	&	CC
29915	2	36	Company	Company	NNP
29915	2	37	_	_	NNP
29915	2	38	SUGAR	SUGAR	NNP
29915	2	39	HEADQUARTERS	HEADQUARTERS	NNP
29915	2	40	132	132	CD
29915	2	41	FRONT	FRONT	NNP
29915	2	42	STREET	STREET	NNP
29915	2	43	·	·	NFP
29915	2	44	NEW	NEW	NNP
29915	2	45	YORK	YORK	NNP
29915	2	46	Copyright	copyright	NN
29915	2	47	,	,	,
29915	2	48	1921	1921	CD
29915	2	49	LAMBORN	LAMBORN	NNP
29915	2	50	&	&	CC
29915	2	51	COMPANY	COMPANY	NNP
29915	2	52	About	about	IN
29915	2	53	Sugar	Sugar	NNP
29915	2	54	Buying	Buying	NNP
29915	2	55	Jobbers	Jobbers	NNPS
29915	2	56	who	who	WP
29915	2	57	have	have	VBP
29915	2	58	had	have	VBN
29915	2	59	considerable	considerable	JJ
29915	2	60	experience	experience	NN
29915	2	61	in	in	IN
29915	2	62	exchange	exchange	NN
29915	2	63	operations	operation	NNS
29915	2	64	will	will	MD
29915	2	65	find	find	VB
29915	2	66	in	in	IN
29915	2	67	this	this	DT
29915	2	68	booklet	booklet	NN
29915	2	69	a	a	DT
29915	2	70	simplified	simplified	JJ
29915	2	71	and	and	CC
29915	2	72	non	non	JJ
29915	2	73	-	-	JJ
29915	2	74	technical	technical	JJ
29915	2	75	description	description	NN
29915	2	76	of	of	IN
29915	2	77	activities	activity	NNS
29915	2	78	with	with	IN
29915	2	79	which	which	WDT
29915	2	80	they	-PRON-	PRP
29915	2	81	may	may	MD
29915	2	82	be	be	VB
29915	2	83	in	in	IN
29915	2	84	general	general	JJ
29915	2	85	familiar	familiar	JJ
29915	2	86	.	.	.
29915	3	1	We	-PRON-	PRP
29915	3	2	believe	believe	VBP
29915	3	3	,	,	,
29915	3	4	however	however	RB
29915	3	5	,	,	,
29915	3	6	that	that	IN
29915	3	7	the	the	DT
29915	3	8	inauguration	inauguration	NN
29915	3	9	of	of	IN
29915	3	10	trading	trading	NN
29915	3	11	in	in	IN
29915	3	12	refined	refined	JJ
29915	3	13	sugar	sugar	NN
29915	3	14	futures	future	NNS
29915	3	15	on	on	IN
29915	3	16	the	the	DT
29915	3	17	New	New	NNP
29915	3	18	York	York	NNP
29915	3	19	Coffee	Coffee	NNP
29915	3	20	and	and	CC
29915	3	21	Sugar	Sugar	NNP
29915	3	22	Exchange	Exchange	NNP
29915	3	23	,	,	,
29915	3	24	Inc.	Inc.	NNP
29915	3	25	,	,	,
29915	3	26	throws	throw	VBZ
29915	3	27	open	open	VBP
29915	3	28	a	a	DT
29915	3	29	new	new	JJ
29915	3	30	realm	realm	NN
29915	3	31	of	of	IN
29915	3	32	opportunity	opportunity	NN
29915	3	33	.	.	.
29915	4	1	We	-PRON-	PRP
29915	4	2	have	have	VBP
29915	4	3	attempted	attempt	VBN
29915	4	4	to	to	TO
29915	4	5	outline	outline	VB
29915	4	6	briefly	briefly	RB
29915	4	7	the	the	DT
29915	4	8	chief	chief	JJ
29915	4	9	advantages	advantage	NNS
29915	4	10	to	to	TO
29915	4	11	be	be	VB
29915	4	12	gained	gain	VBN
29915	4	13	by	by	IN
29915	4	14	a	a	DT
29915	4	15	jobber	jobber	NNP
29915	4	16	's	's	POS
29915	4	17	use	use	NN
29915	4	18	of	of	IN
29915	4	19	this	this	DT
29915	4	20	new	new	JJ
29915	4	21	market	market	NN
29915	4	22	,	,	,
29915	4	23	assuming	assume	VBG
29915	4	24	that	that	IN
29915	4	25	those	those	DT
29915	4	26	who	who	WP
29915	4	27	have	have	VBP
29915	4	28	in	in	IN
29915	4	29	the	the	DT
29915	4	30	past	past	NN
29915	4	31	dealt	dealt	NN
29915	4	32	in	in	IN
29915	4	33	raw	raw	JJ
29915	4	34	sugar	sugar	NN
29915	4	35	as	as	IN
29915	4	36	a	a	DT
29915	4	37	protection	protection	NN
29915	4	38	for	for	IN
29915	4	39	their	-PRON-	PRP$
29915	4	40	refined	refined	JJ
29915	4	41	sugar	sugar	NN
29915	4	42	needs	need	NNS
29915	4	43	will	will	MD
29915	4	44	welcome	welcome	VB
29915	4	45	suggestions	suggestion	NNS
29915	4	46	as	as	IN
29915	4	47	to	to	IN
29915	4	48	the	the	DT
29915	4	49	benefits	benefit	NNS
29915	4	50	to	to	TO
29915	4	51	be	be	VB
29915	4	52	derived	derive	VBN
29915	4	53	from	from	IN
29915	4	54	trading	trade	VBG
29915	4	55	directly	directly	RB
29915	4	56	in	in	IN
29915	4	57	refined	refined	JJ
29915	4	58	sugar	sugar	NN
29915	4	59	.	.	.
29915	5	1	Time	time	NN
29915	5	2	,	,	,
29915	5	3	the	the	DT
29915	5	4	Croupier	Croupier	NNP
29915	5	5	of	of	IN
29915	5	6	Business	Business	NNP
29915	5	7	Like	like	IN
29915	5	8	a	a	DT
29915	5	9	croupier	croupier	NN
29915	5	10	at	at	IN
29915	5	11	a	a	DT
29915	5	12	vast	vast	JJ
29915	5	13	roulette	roulette	NN
29915	5	14	table	table	NN
29915	5	15	,	,	,
29915	5	16	Time	Time	NNP
29915	5	17	presides	preside	NNS
29915	5	18	over	over	IN
29915	5	19	the	the	DT
29915	5	20	realm	realm	NN
29915	5	21	of	of	IN
29915	5	22	business	business	NN
29915	5	23	.	.	.
29915	6	1	Time	Time	NNP
29915	6	2	is	be	VBZ
29915	6	3	the	the	DT
29915	6	4	tap	tap	NN
29915	6	5	-	-	HYPH
29915	6	6	root	root	NN
29915	6	7	of	of	IN
29915	6	8	most	most	JJS
29915	6	9	business	business	NN
29915	6	10	uncertainties	uncertainty	NNS
29915	6	11	.	.	.
29915	7	1	No	no	DT
29915	7	2	one	one	NN
29915	7	3	can	can	MD
29915	7	4	tell	tell	VB
29915	7	5	what	what	WP
29915	7	6	will	will	MD
29915	7	7	happen	happen	VB
29915	7	8	a	a	DT
29915	7	9	year	year	NN
29915	7	10	,	,	,
29915	7	11	a	a	DT
29915	7	12	month	month	NN
29915	7	13	,	,	,
29915	7	14	a	a	DT
29915	7	15	day	day	NN
29915	7	16	,	,	,
29915	7	17	a	a	DT
29915	7	18	minute	minute	NN
29915	7	19	from	from	IN
29915	7	20	now	now	RB
29915	7	21	--	--	:
29915	7	22	the	the	DT
29915	7	23	future	future	NN
29915	7	24	may	may	MD
29915	7	25	bring	bring	VB
29915	7	26	floods	flood	NNS
29915	7	27	and	and	CC
29915	7	28	wars	war	NNS
29915	7	29	,	,	,
29915	7	30	pestilence	pestilence	NN
29915	7	31	and	and	CC
29915	7	32	drouth	drouth	NN
29915	7	33	;	;	:
29915	7	34	or	or	CC
29915	7	35	it	-PRON-	PRP
29915	7	36	may	may	MD
29915	7	37	bring	bring	VB
29915	7	38	great	great	JJ
29915	7	39	crops	crop	NNS
29915	7	40	and	and	CC
29915	7	41	fair	fair	JJ
29915	7	42	weather	weather	NN
29915	7	43	,	,	,
29915	7	44	happiness	happiness	NN
29915	7	45	and	and	CC
29915	7	46	prosperity	prosperity	NN
29915	7	47	.	.	.
29915	8	1	As	as	IN
29915	8	2	business	business	NN
29915	8	3	has	have	VBZ
29915	8	4	become	become	VBN
29915	8	5	more	more	RBR
29915	8	6	and	and	CC
29915	8	7	more	more	RBR
29915	8	8	complicated	complicated	JJ
29915	8	9	,	,	,
29915	8	10	the	the	DT
29915	8	11	time	time	NN
29915	8	12	element	element	NN
29915	8	13	has	have	VBZ
29915	8	14	become	become	VBN
29915	8	15	larger	large	JJR
29915	8	16	and	and	CC
29915	8	17	larger	large	JJR
29915	8	18	.	.	.
29915	9	1	The	the	DT
29915	9	2	time	time	NN
29915	9	3	element	element	NN
29915	9	4	as	as	IN
29915	9	5	we	-PRON-	PRP
29915	9	6	know	know	VBP
29915	9	7	it	-PRON-	PRP
29915	9	8	does	do	VBZ
29915	9	9	not	not	RB
29915	9	10	exist	exist	VB
29915	9	11	in	in	IN
29915	9	12	simple	simple	JJ
29915	9	13	barter	barter	NN
29915	9	14	--	--	:
29915	9	15	a	a	DT
29915	9	16	man	man	NN
29915	9	17	weaves	weave	VBZ
29915	9	18	a	a	DT
29915	9	19	piece	piece	NN
29915	9	20	of	of	IN
29915	9	21	cloth	cloth	NN
29915	9	22	and	and	CC
29915	9	23	exchanges	exchange	VBZ
29915	9	24	it	-PRON-	PRP
29915	9	25	for	for	IN
29915	9	26	a	a	DT
29915	9	27	bushel	bushel	NN
29915	9	28	of	of	IN
29915	9	29	corn	corn	NN
29915	9	30	:	:	:
29915	9	31	time	time	NN
29915	9	32	is	be	VBZ
29915	9	33	of	of	IN
29915	9	34	no	no	DT
29915	9	35	account	account	NN
29915	9	36	in	in	IN
29915	9	37	the	the	DT
29915	9	38	transaction	transaction	NN
29915	9	39	.	.	.
29915	10	1	A	a	DT
29915	10	2	small	small	JJ
29915	10	3	jobber	jobber	NN
29915	10	4	located	locate	VBN
29915	10	5	in	in	IN
29915	10	6	the	the	DT
29915	10	7	same	same	JJ
29915	10	8	territory	territory	NN
29915	10	9	as	as	IN
29915	10	10	refiners	refiner	NNS
29915	10	11	buys	buy	VBZ
29915	10	12	a	a	DT
29915	10	13	small	small	JJ
29915	10	14	amount	amount	NN
29915	10	15	of	of	IN
29915	10	16	sugar	sugar	NN
29915	10	17	today	today	NN
29915	10	18	and	and	CC
29915	10	19	distributes	distribute	VBZ
29915	10	20	it	-PRON-	PRP
29915	10	21	to	to	IN
29915	10	22	his	-PRON-	PRP$
29915	10	23	trade	trade	NN
29915	10	24	the	the	DT
29915	10	25	next	next	JJ
29915	10	26	--	--	:
29915	10	27	time	time	NN
29915	10	28	is	be	VBZ
29915	10	29	negligible	negligible	JJ
29915	10	30	.	.	.
29915	11	1	A	a	DT
29915	11	2	large	large	JJ
29915	11	3	jobber	jobber	NN
29915	11	4	,	,	,
29915	11	5	buying	buy	VBG
29915	11	6	perhaps	perhaps	RB
29915	11	7	for	for	IN
29915	11	8	several	several	JJ
29915	11	9	branch	branch	NN
29915	11	10	houses	house	NNS
29915	11	11	,	,	,
29915	11	12	or	or	CC
29915	11	13	located	locate	VBN
29915	11	14	at	at	IN
29915	11	15	points	point	NNS
29915	11	16	which	which	WDT
29915	11	17	necessitate	necessitate	VBP
29915	11	18	a	a	DT
29915	11	19	delay	delay	NN
29915	11	20	of	of	IN
29915	11	21	two	two	CD
29915	11	22	or	or	CC
29915	11	23	three	three	CD
29915	11	24	weeks	week	NNS
29915	11	25	in	in	IN
29915	11	26	transit	transit	NN
29915	11	27	,	,	,
29915	11	28	may	may	MD
29915	11	29	find	find	VB
29915	11	30	it	-PRON-	PRP
29915	11	31	necessary	necessary	JJ
29915	11	32	even	even	RB
29915	11	33	on	on	IN
29915	11	34	a	a	DT
29915	11	35	declining	decline	VBG
29915	11	36	market	market	NN
29915	11	37	to	to	TO
29915	11	38	purchase	purchase	VB
29915	11	39	a	a	DT
29915	11	40	considerable	considerable	JJ
29915	11	41	amount	amount	NN
29915	11	42	of	of	IN
29915	11	43	sugar	sugar	NN
29915	11	44	,	,	,
29915	11	45	and	and	CC
29915	11	46	,	,	,
29915	11	47	as	as	IN
29915	11	48	a	a	DT
29915	11	49	result	result	NN
29915	11	50	,	,	,
29915	11	51	weeks	week	NNS
29915	11	52	may	may	MD
29915	11	53	go	go	VB
29915	11	54	by	by	RB
29915	11	55	before	before	IN
29915	11	56	his	-PRON-	PRP$
29915	11	57	sugar	sugar	NN
29915	11	58	arrives	arrive	VBZ
29915	11	59	and	and	CC
29915	11	60	is	be	VBZ
29915	11	61	sold	sell	VBN
29915	11	62	--	--	:
29915	11	63	time	time	NN
29915	11	64	is	be	VBZ
29915	11	65	vitally	vitally	RB
29915	11	66	important	important	JJ
29915	11	67	.	.	.
29915	12	1	Time	Time	NNP
29915	12	2	is	be	VBZ
29915	12	3	an	an	DT
29915	12	4	element	element	NN
29915	12	5	in	in	IN
29915	12	6	costs	cost	NNS
29915	12	7	and	and	CC
29915	12	8	prices	price	NNS
29915	12	9	,	,	,
29915	12	10	because	because	IN
29915	12	11	over	over	IN
29915	12	12	any	any	DT
29915	12	13	extended	extended	JJ
29915	12	14	period	period	NN
29915	12	15	of	of	IN
29915	12	16	time	time	NN
29915	12	17	many	many	JJ
29915	12	18	things	thing	NNS
29915	12	19	may	may	MD
29915	12	20	happen	happen	VB
29915	12	21	to	to	TO
29915	12	22	influence	influence	VB
29915	12	23	costs	cost	NNS
29915	12	24	and	and	CC
29915	12	25	prices	price	NNS
29915	12	26	.	.	.
29915	13	1	All	all	DT
29915	13	2	business	business	NN
29915	13	3	planning	planning	NN
29915	13	4	must	must	MD
29915	13	5	deal	deal	VB
29915	13	6	with	with	IN
29915	13	7	Time	Time	NNP
29915	13	8	.	.	.
29915	14	1	To	to	IN
29915	14	2	the	the	DT
29915	14	3	unenlightened	unenlightened	JJ
29915	14	4	business	business	NN
29915	14	5	man	man	NN
29915	14	6	,	,	,
29915	14	7	Time	Time	NNP
29915	14	8	is	be	VBZ
29915	14	9	a	a	DT
29915	14	10	bugaboo	bugaboo	NN
29915	14	11	--	--	:
29915	14	12	a	a	DT
29915	14	13	gambler	gambler	NN
29915	14	14	whose	whose	WP$
29915	14	15	cards	card	NNS
29915	14	16	are	be	VBP
29915	14	17	stacked	stack	VBN
29915	14	18	and	and	CC
29915	14	19	against	against	IN
29915	14	20	whom	whom	WP
29915	14	21	there	there	EX
29915	14	22	is	be	VBZ
29915	14	23	no	no	DT
29915	14	24	defense	defense	NN
29915	14	25	.	.	.
29915	15	1	Such	such	PDT
29915	15	2	a	a	DT
29915	15	3	man	man	NN
29915	15	4	conducts	conduct	VBZ
29915	15	5	his	-PRON-	PRP$
29915	15	6	business	business	NN
29915	15	7	from	from	IN
29915	15	8	hand	hand	NN
29915	15	9	to	to	IN
29915	15	10	mouth	mouth	NN
29915	15	11	,	,	,
29915	15	12	in	in	IN
29915	15	13	constant	constant	JJ
29915	15	14	fear	fear	NN
29915	15	15	.	.	.
29915	16	1	He	-PRON-	PRP
29915	16	2	is	be	VBZ
29915	16	3	a	a	DT
29915	16	4	fatalist	fatalist	NN
29915	16	5	,	,	,
29915	16	6	taking	take	VBG
29915	16	7	his	-PRON-	PRP$
29915	16	8	profits	profit	NNS
29915	16	9	and	and	CC
29915	16	10	losses	loss	NNS
29915	16	11	as	as	IN
29915	16	12	if	if	IN
29915	16	13	they	-PRON-	PRP
29915	16	14	were	be	VBD
29915	16	15	gifts	gift	NNS
29915	16	16	or	or	CC
29915	16	17	blows	blow	NNS
29915	16	18	of	of	IN
29915	16	19	Fortune	Fortune	NNP
29915	16	20	.	.	.
29915	17	1	The	the	DT
29915	17	2	enlightened	enlightened	JJ
29915	17	3	man	man	NN
29915	17	4	works	work	VBZ
29915	17	5	with	with	IN
29915	17	6	Time	Time	NNP
29915	17	7	as	as	IN
29915	17	8	an	an	DT
29915	17	9	impartial	impartial	JJ
29915	17	10	,	,	,
29915	17	11	exacting	exact	VBG
29915	17	12	,	,	,
29915	17	13	inevitable	inevitable	JJ
29915	17	14	power	power	NN
29915	17	15	for	for	IN
29915	17	16	his	-PRON-	PRP$
29915	17	17	own	own	JJ
29915	17	18	good	good	NN
29915	17	19	or	or	CC
29915	17	20	ill	ill	JJ
29915	17	21	.	.	.
29915	18	1	He	-PRON-	PRP
29915	18	2	shapes	shape	VBZ
29915	18	3	his	-PRON-	PRP$
29915	18	4	actions	action	NNS
29915	18	5	and	and	CC
29915	18	6	enlists	enlist	VBZ
29915	18	7	the	the	DT
29915	18	8	services	service	NNS
29915	18	9	of	of	IN
29915	18	10	Time	Time	NNP
29915	18	11	to	to	TO
29915	18	12	prevent	prevent	VB
29915	18	13	catastrophe	catastrophe	NN
29915	18	14	on	on	IN
29915	18	15	the	the	DT
29915	18	16	one	one	CD
29915	18	17	hand	hand	NN
29915	18	18	,	,	,
29915	18	19	and	and	CC
29915	18	20	to	to	TO
29915	18	21	enforce	enforce	VB
29915	18	22	prosperity	prosperity	NN
29915	18	23	and	and	CC
29915	18	24	happiness	happiness	NN
29915	18	25	on	on	IN
29915	18	26	the	the	DT
29915	18	27	other	other	JJ
29915	18	28	.	.	.
29915	19	1	Storms	storm	NNS
29915	19	2	may	may	MD
29915	19	3	come	come	VB
29915	19	4	,	,	,
29915	19	5	but	but	CC
29915	19	6	so	so	RB
29915	19	7	far	far	RB
29915	19	8	as	as	IN
29915	19	9	his	-PRON-	PRP$
29915	19	10	mind	mind	NN
29915	19	11	may	may	MD
29915	19	12	control	control	VB
29915	19	13	it	-PRON-	PRP
29915	19	14	,	,	,
29915	19	15	he	-PRON-	PRP
29915	19	16	is	be	VBZ
29915	19	17	"	"	``
29915	19	18	the	the	DT
29915	19	19	master	master	NN
29915	19	20	of	of	IN
29915	19	21	his	-PRON-	PRP$
29915	19	22	fate	fate	NN
29915	19	23	.	.	.
29915	19	24	"	"	''
29915	20	1	Cost	cost	NN
29915	20	2	and	and	CC
29915	20	3	Selling	Selling	NNP
29915	20	4	Prices	Prices	NNPS
29915	20	5	That	that	IN
29915	20	6	the	the	DT
29915	20	7	element	element	NN
29915	20	8	of	of	IN
29915	20	9	TIME	TIME	NNP
29915	20	10	is	be	VBZ
29915	20	11	important	important	JJ
29915	20	12	in	in	IN
29915	20	13	the	the	DT
29915	20	14	jobber	jobber	NNP
29915	20	15	's	's	POS
29915	20	16	business	business	NN
29915	20	17	no	no	DT
29915	20	18	one	one	NN
29915	20	19	will	will	MD
29915	20	20	deny	deny	VB
29915	20	21	.	.	.
29915	21	1	He	-PRON-	PRP
29915	21	2	does	do	VBZ
29915	21	3	not	not	RB
29915	21	4	base	base	VB
29915	21	5	his	-PRON-	PRP$
29915	21	6	selling	selling	NN
29915	21	7	price	price	NN
29915	21	8	on	on	IN
29915	21	9	cost	cost	NN
29915	21	10	,	,	,
29915	21	11	but	but	CC
29915	21	12	rather	rather	RB
29915	21	13	on	on	IN
29915	21	14	the	the	DT
29915	21	15	market	market	NN
29915	21	16	price	price	NN
29915	21	17	.	.	.
29915	22	1	Regardless	regardless	RB
29915	22	2	of	of	IN
29915	22	3	his	-PRON-	PRP$
29915	22	4	cost	cost	NN
29915	22	5	,	,	,
29915	22	6	he	-PRON-	PRP
29915	22	7	must	must	MD
29915	22	8	sell	sell	VB
29915	22	9	to	to	TO
29915	22	10	meet	meet	VB
29915	22	11	competition	competition	NN
29915	22	12	.	.	.
29915	23	1	It	-PRON-	PRP
29915	23	2	is	be	VBZ
29915	23	3	equally	equally	RB
29915	23	4	obvious	obvious	JJ
29915	23	5	that	that	IN
29915	23	6	the	the	DT
29915	23	7	larger	large	JJR
29915	23	8	his	-PRON-	PRP$
29915	23	9	business	business	NN
29915	23	10	,	,	,
29915	23	11	or	or	CC
29915	23	12	the	the	DT
29915	23	13	greater	great	JJR
29915	23	14	his	-PRON-	PRP$
29915	23	15	distance	distance	NN
29915	23	16	from	from	IN
29915	23	17	the	the	DT
29915	23	18	source	source	NN
29915	23	19	of	of	IN
29915	23	20	supplies	supply	NNS
29915	23	21	,	,	,
29915	23	22	the	the	DT
29915	23	23	more	more	RBR
29915	23	24	important	important	JJ
29915	23	25	part	part	NN
29915	23	26	TIME	TIME	NNP
29915	23	27	plays	play	VBZ
29915	23	28	in	in	IN
29915	23	29	both	both	CC
29915	23	30	his	-PRON-	PRP$
29915	23	31	cost	cost	NN
29915	23	32	and	and	CC
29915	23	33	selling	sell	VBG
29915	23	34	prices	price	NNS
29915	23	35	.	.	.
29915	24	1	All	all	DT
29915	24	2	jobbers	jobber	NNS
29915	24	3	,	,	,
29915	24	4	large	large	JJ
29915	24	5	or	or	CC
29915	24	6	small	small	JJ
29915	24	7	,	,	,
29915	24	8	are	be	VBP
29915	24	9	obliged	oblige	VBN
29915	24	10	to	to	TO
29915	24	11	assume	assume	VB
29915	24	12	greater	great	JJR
29915	24	13	risks	risk	NNS
29915	24	14	(	(	-LRB-
29915	24	15	even	even	RB
29915	24	16	proportionately	proportionately	RB
29915	24	17	)	)	-RRB-
29915	24	18	and	and	CC
29915	24	19	exercise	exercise	VB
29915	24	20	greater	great	JJR
29915	24	21	care	care	NN
29915	24	22	,	,	,
29915	24	23	than	than	IN
29915	24	24	,	,	,
29915	24	25	for	for	IN
29915	24	26	instance	instance	NN
29915	24	27	,	,	,
29915	24	28	retailers	retailer	NNS
29915	24	29	buying	buy	VBG
29915	24	30	in	in	IN
29915	24	31	small	small	JJ
29915	24	32	quantities	quantity	NNS
29915	24	33	.	.	.
29915	25	1	A	a	DT
29915	25	2	jobber	jobber	NNP
29915	25	3	's	's	POS
29915	25	4	business	business	NN
29915	25	5	may	may	MD
29915	25	6	enlarge	enlarge	VB
29915	25	7	by	by	IN
29915	25	8	a	a	DT
29915	25	9	perfectly	perfectly	RB
29915	25	10	natural	natural	JJ
29915	25	11	process	process	NN
29915	25	12	of	of	IN
29915	25	13	expansion	expansion	NN
29915	25	14	,	,	,
29915	25	15	but	but	CC
29915	25	16	his	-PRON-	PRP$
29915	25	17	purchasing	purchase	VBG
29915	25	18	risks	risk	NNS
29915	25	19	increase	increase	VBP
29915	25	20	in	in	IN
29915	25	21	greater	great	JJR
29915	25	22	ratio	ratio	NN
29915	25	23	than	than	IN
29915	25	24	his	-PRON-	PRP$
29915	25	25	business	business	NN
29915	25	26	expands	expand	VBZ
29915	25	27	.	.	.
29915	26	1	Similarly	similarly	RB
29915	26	2	,	,	,
29915	26	3	under	under	IN
29915	26	4	abnormal	abnormal	JJ
29915	26	5	conditions	condition	NNS
29915	26	6	,	,	,
29915	26	7	jobbers	jobber	NNS
29915	26	8	located	locate	VBN
29915	26	9	at	at	IN
29915	26	10	points	point	NNS
29915	26	11	requiring	require	VBG
29915	26	12	several	several	JJ
29915	26	13	weeks	week	NNS
29915	26	14	in	in	IN
29915	26	15	transit	transit	NN
29915	26	16	prior	prior	RB
29915	26	17	to	to	IN
29915	26	18	delivery	delivery	NN
29915	26	19	,	,	,
29915	26	20	must	must	MD
29915	26	21	assume	assume	VB
29915	26	22	greater	great	JJR
29915	26	23	risks	risk	NNS
29915	26	24	than	than	IN
29915	26	25	those	those	DT
29915	26	26	located	locate	VBN
29915	26	27	at	at	IN
29915	26	28	the	the	DT
29915	26	29	source	source	NN
29915	26	30	of	of	IN
29915	26	31	supply	supply	NN
29915	26	32	.	.	.
29915	27	1	In	in	IN
29915	27	2	the	the	DT
29915	27	3	event	event	NN
29915	27	4	of	of	IN
29915	27	5	serious	serious	JJ
29915	27	6	delays	delay	NNS
29915	27	7	in	in	IN
29915	27	8	deliveries	delivery	NNS
29915	27	9	or	or	CC
29915	27	10	in	in	IN
29915	27	11	shipments	shipment	NNS
29915	27	12	,	,	,
29915	27	13	even	even	RB
29915	27	14	buyers	buyer	NNS
29915	27	15	located	locate	VBN
29915	27	16	at	at	IN
29915	27	17	shipping	shipping	NN
29915	27	18	points	point	NNS
29915	27	19	are	be	VBP
29915	27	20	confronted	confront	VBN
29915	27	21	with	with	IN
29915	27	22	this	this	DT
29915	27	23	problem	problem	NN
29915	27	24	,	,	,
29915	27	25	and	and	CC
29915	27	26	the	the	DT
29915	27	27	difficulties	difficulty	NNS
29915	27	28	of	of	IN
29915	27	29	those	those	DT
29915	27	30	located	locate	VBN
29915	27	31	at	at	IN
29915	27	32	a	a	DT
29915	27	33	distance	distance	NN
29915	27	34	are	be	VBP
29915	27	35	increased	increase	VBN
29915	27	36	immeasurably	immeasurably	RB
29915	27	37	.	.	.
29915	28	1	These	these	DT
29915	28	2	difficulties	difficulty	NNS
29915	28	3	tend	tend	VBP
29915	28	4	to	to	TO
29915	28	5	accentuate	accentuate	VB
29915	28	6	the	the	DT
29915	28	7	importance	importance	NN
29915	28	8	of	of	IN
29915	28	9	TIME	TIME	NNP
29915	28	10	in	in	IN
29915	28	11	modern	modern	JJ
29915	28	12	business	business	NN
29915	28	13	.	.	.
29915	29	1	As	as	IN
29915	29	2	business	business	NN
29915	29	3	grows	grow	VBZ
29915	29	4	,	,	,
29915	29	5	instead	instead	RB
29915	29	6	of	of	IN
29915	29	7	decreasing	decrease	VBG
29915	29	8	--	--	:
29915	29	9	risks	risk	NNS
29915	29	10	increase	increase	NN
29915	29	11	.	.	.
29915	30	1	Any	any	DT
29915	30	2	machinery	machinery	NN
29915	30	3	which	which	WDT
29915	30	4	might	may	MD
29915	30	5	operate	operate	VB
29915	30	6	to	to	TO
29915	30	7	eliminate	eliminate	VB
29915	30	8	or	or	CC
29915	30	9	reduce	reduce	VB
29915	30	10	this	this	DT
29915	30	11	uncertainty	uncertainty	NN
29915	30	12	or	or	CC
29915	30	13	speculative	speculative	JJ
29915	30	14	element	element	NN
29915	30	15	in	in	IN
29915	30	16	a	a	DT
29915	30	17	jobber	jobber	NN
29915	30	18	's	's	POS
29915	30	19	business	business	NN
29915	30	20	,	,	,
29915	30	21	would	would	MD
29915	30	22	,	,	,
29915	30	23	we	-PRON-	PRP
29915	30	24	believe	believe	VBP
29915	30	25	,	,	,
29915	30	26	be	be	VB
29915	30	27	welcomed	welcome	VBN
29915	30	28	.	.	.
29915	31	1	Exchanges	exchange	NNS
29915	31	2	provide	provide	VBP
29915	31	3	just	just	RB
29915	31	4	such	such	JJ
29915	31	5	machinery	machinery	NN
29915	31	6	.	.	.
29915	32	1	Other	other	JJ
29915	32	2	commodities	commodity	NNS
29915	32	3	,	,	,
29915	32	4	such	such	JJ
29915	32	5	as	as	IN
29915	32	6	raw	raw	JJ
29915	32	7	sugar	sugar	NN
29915	32	8	,	,	,
29915	32	9	wheat	wheat	NN
29915	32	10	,	,	,
29915	32	11	cotton	cotton	NN
29915	32	12	,	,	,
29915	32	13	pork	pork	NN
29915	32	14	and	and	CC
29915	32	15	coffee	coffee	NN
29915	32	16	have	have	VBP
29915	32	17	had	have	VBN
29915	32	18	this	this	DT
29915	32	19	machinery	machinery	NN
29915	32	20	for	for	IN
29915	32	21	years	year	NNS
29915	32	22	and	and	CC
29915	32	23	it	-PRON-	PRP
29915	32	24	was	be	VBD
29915	32	25	provided	provide	VBN
29915	32	26	for	for	IN
29915	32	27	refined	refined	JJ
29915	32	28	sugar	sugar	NN
29915	32	29	on	on	IN
29915	32	30	May	May	NNP
29915	32	31	2	2	CD
29915	32	32	,	,	,
29915	32	33	1921	1921	CD
29915	32	34	,	,	,
29915	32	35	when	when	WRB
29915	32	36	trading	trade	VBG
29915	32	37	in	in	IN
29915	32	38	refined	refined	JJ
29915	32	39	sugar	sugar	NN
29915	32	40	futures	future	NNS
29915	32	41	was	be	VBD
29915	32	42	inaugurated	inaugurate	VBN
29915	32	43	on	on	IN
29915	32	44	the	the	DT
29915	32	45	floor	floor	NN
29915	32	46	of	of	IN
29915	32	47	the	the	DT
29915	32	48	New	New	NNP
29915	32	49	York	York	NNP
29915	32	50	Coffee	Coffee	NNP
29915	32	51	and	and	CC
29915	32	52	Sugar	Sugar	NNP
29915	32	53	Exchange	Exchange	NNP
29915	32	54	,	,	,
29915	32	55	Inc.	Inc.	NNP
29915	32	56	Where	where	WRB
29915	32	57	Buyers	Buyers	NNP
29915	32	58	and	and	CC
29915	32	59	Sellers	Sellers	NNPS
29915	32	60	of	of	IN
29915	32	61	Sugar	Sugar	NNP
29915	32	62	Meet	Meet	NNP
29915	32	63	The	the	DT
29915	32	64	Sugar	Sugar	NNP
29915	32	65	Exchange	Exchange	NNP
29915	32	66	is	be	VBZ
29915	32	67	a	a	DT
29915	32	68	market	market	NN
29915	32	69	place	place	NN
29915	32	70	,	,	,
29915	32	71	where	where	WRB
29915	32	72	buyers	buyer	NNS
29915	32	73	and	and	CC
29915	32	74	sellers	seller	NNS
29915	32	75	of	of	IN
29915	32	76	sugar	sugar	NN
29915	32	77	or	or	CC
29915	32	78	their	-PRON-	PRP$
29915	32	79	representatives	representative	NNS
29915	32	80	meet	meet	VBP
29915	32	81	to	to	TO
29915	32	82	trade	trade	NN
29915	32	83	.	.	.
29915	33	1	The	the	DT
29915	33	2	Exchange	Exchange	NNP
29915	33	3	provides	provide	VBZ
29915	33	4	a	a	DT
29915	33	5	concentration	concentration	NN
29915	33	6	point	point	NN
29915	33	7	,	,	,
29915	33	8	where	where	WRB
29915	33	9	,	,	,
29915	33	10	under	under	IN
29915	33	11	any	any	DT
29915	33	12	market	market	NN
29915	33	13	conditions	condition	NNS
29915	33	14	,	,	,
29915	33	15	sugar	sugar	NN
29915	33	16	may	may	MD
29915	33	17	be	be	VB
29915	33	18	bought	buy	VBN
29915	33	19	or	or	CC
29915	33	20	sold	sell	VBN
29915	33	21	_	_	NNP
29915	33	22	at	at	IN
29915	33	23	a	a	DT
29915	33	24	price	price	NN
29915	33	25	_	_	NN
29915	33	26	.	.	.
29915	34	1	What	what	WP
29915	34	2	that	that	DT
29915	34	3	price	price	NN
29915	34	4	is	be	VBZ
29915	34	5	,	,	,
29915	34	6	is	be	VBZ
29915	34	7	determined	determine	VBN
29915	34	8	by	by	IN
29915	34	9	how	how	WRB
29915	34	10	much	much	JJ
29915	34	11	sugar	sugar	NN
29915	34	12	is	be	VBZ
29915	34	13	for	for	IN
29915	34	14	sale	sale	NN
29915	34	15	and	and	CC
29915	34	16	how	how	WRB
29915	34	17	many	many	JJ
29915	34	18	people	people	NNS
29915	34	19	want	want	VBP
29915	34	20	it	-PRON-	PRP
29915	34	21	.	.	.
29915	35	1	If	if	IN
29915	35	2	the	the	DT
29915	35	3	supply	supply	NN
29915	35	4	is	be	VBZ
29915	35	5	large	large	JJ
29915	35	6	and	and	CC
29915	35	7	buyers	buyer	NNS
29915	35	8	are	be	VBP
29915	35	9	few	few	JJ
29915	35	10	,	,	,
29915	35	11	the	the	DT
29915	35	12	price	price	NN
29915	35	13	will	will	MD
29915	35	14	be	be	VB
29915	35	15	low	low	JJ
29915	35	16	.	.	.
29915	36	1	If	if	IN
29915	36	2	sugar	sugar	NN
29915	36	3	is	be	VBZ
29915	36	4	scarce	scarce	JJ
29915	36	5	and	and	CC
29915	36	6	buyers	buyer	NNS
29915	36	7	are	be	VBP
29915	36	8	numerous	numerous	JJ
29915	36	9	,	,	,
29915	36	10	the	the	DT
29915	36	11	price	price	NN
29915	36	12	will	will	MD
29915	36	13	be	be	VB
29915	36	14	high	high	JJ
29915	36	15	.	.	.
29915	37	1	Or	or	CC
29915	37	2	,	,	,
29915	37	3	to	to	TO
29915	37	4	put	put	VB
29915	37	5	it	-PRON-	PRP
29915	37	6	in	in	IN
29915	37	7	another	another	DT
29915	37	8	way	way	NN
29915	37	9	,	,	,
29915	37	10	when	when	WRB
29915	37	11	there	there	EX
29915	37	12	are	be	VBP
29915	37	13	more	more	JJR
29915	37	14	sellers	seller	NNS
29915	37	15	than	than	IN
29915	37	16	buyers	buyer	NNS
29915	37	17	,	,	,
29915	37	18	the	the	DT
29915	37	19	market	market	NN
29915	37	20	declines	decline	VBZ
29915	37	21	;	;	:
29915	37	22	when	when	WRB
29915	37	23	more	more	JJR
29915	37	24	buyers	buyer	NNS
29915	37	25	than	than	IN
29915	37	26	sellers	seller	NNS
29915	37	27	,	,	,
29915	37	28	it	-PRON-	PRP
29915	37	29	advances	advance	VBZ
29915	37	30	.	.	.
29915	38	1	If	if	IN
29915	38	2	the	the	DT
29915	38	3	supply	supply	NN
29915	38	4	and	and	CC
29915	38	5	the	the	DT
29915	38	6	number	number	NN
29915	38	7	of	of	IN
29915	38	8	buyers	buyer	NNS
29915	38	9	are	be	VBP
29915	38	10	normally	normally	RB
29915	38	11	well	well	RB
29915	38	12	balanced	balanced	JJ
29915	38	13	,	,	,
29915	38	14	the	the	DT
29915	38	15	price	price	NN
29915	38	16	will	will	MD
29915	38	17	be	be	VB
29915	38	18	determined	determine	VBN
29915	38	19	largely	largely	RB
29915	38	20	by	by	IN
29915	38	21	the	the	DT
29915	38	22	cost	cost	NN
29915	38	23	of	of	IN
29915	38	24	production	production	NN
29915	38	25	and	and	CC
29915	38	26	transportation	transportation	NN
29915	38	27	.	.	.
29915	39	1	If	if	IN
29915	39	2	events	event	NNS
29915	39	3	or	or	CC
29915	39	4	circumstances	circumstance	NNS
29915	39	5	operate	operate	VBP
29915	39	6	to	to	TO
29915	39	7	increase	increase	VB
29915	39	8	or	or	CC
29915	39	9	curtail	curtail	VB
29915	39	10	either	either	CC
29915	39	11	the	the	DT
29915	39	12	sugar	sugar	NN
29915	39	13	supply	supply	NN
29915	39	14	or	or	CC
29915	39	15	the	the	DT
29915	39	16	number	number	NN
29915	39	17	of	of	IN
29915	39	18	buyers	buyer	NNS
29915	39	19	,	,	,
29915	39	20	and	and	CC
29915	39	21	such	such	JJ
29915	39	22	events	event	NNS
29915	39	23	or	or	CC
29915	39	24	circumstances	circumstance	NNS
29915	39	25	follow	follow	VBP
29915	39	26	one	one	CD
29915	39	27	after	after	IN
29915	39	28	the	the	DT
29915	39	29	other	other	JJ
29915	39	30	alternately	alternately	RB
29915	39	31	,	,	,
29915	39	32	the	the	DT
29915	39	33	price	price	NN
29915	39	34	will	will	MD
29915	39	35	fluctuate	fluctuate	VB
29915	39	36	.	.	.
29915	40	1	These	these	DT
29915	40	2	are	be	VBP
29915	40	3	the	the	DT
29915	40	4	results	result	NNS
29915	40	5	of	of	IN
29915	40	6	the	the	DT
29915	40	7	operation	operation	NN
29915	40	8	of	of	IN
29915	40	9	well	well	RB
29915	40	10	-	-	HYPH
29915	40	11	known	know	VBN
29915	40	12	economic	economic	JJ
29915	40	13	laws	law	NNS
29915	40	14	.	.	.
29915	41	1	In	in	IN
29915	41	2	the	the	DT
29915	41	3	case	case	NN
29915	41	4	of	of	IN
29915	41	5	all	all	DT
29915	41	6	commodities	commodity	NNS
29915	41	7	which	which	WDT
29915	41	8	can	can	MD
29915	41	9	not	not	RB
29915	41	10	be	be	VB
29915	41	11	bought	buy	VBN
29915	41	12	or	or	CC
29915	41	13	sold	sell	VBN
29915	41	14	at	at	IN
29915	41	15	a	a	DT
29915	41	16	common	common	JJ
29915	41	17	market	market	NN
29915	41	18	place	place	NN
29915	41	19	(	(	-LRB-
29915	41	20	or	or	CC
29915	41	21	exchange	exchange	NN
29915	41	22	)	)	-RRB-
29915	41	23	,	,	,
29915	41	24	price	price	NN
29915	41	25	fluctuations	fluctuation	NNS
29915	41	26	are	be	VBP
29915	41	27	usually	usually	RB
29915	41	28	wide	wide	JJ
29915	41	29	and	and	CC
29915	41	30	frequent	frequent	JJ
29915	41	31	,	,	,
29915	41	32	because	because	IN
29915	41	33	no	no	DT
29915	41	34	large	large	JJ
29915	41	35	group	group	NN
29915	41	36	ever	ever	RB
29915	41	37	has	have	VBZ
29915	41	38	common	common	JJ
29915	41	39	knowledge	knowledge	NN
29915	41	40	of	of	IN
29915	41	41	supply	supply	NN
29915	41	42	,	,	,
29915	41	43	demand	demand	NN
29915	41	44	and	and	CC
29915	41	45	other	other	JJ
29915	41	46	factors	factor	NNS
29915	41	47	that	that	WDT
29915	41	48	govern	govern	VBP
29915	41	49	prices	price	NNS
29915	41	50	--	--	:
29915	41	51	purchases	purchase	NNS
29915	41	52	and	and	CC
29915	41	53	sales	sale	NNS
29915	41	54	are	be	VBP
29915	41	55	made	make	VBN
29915	41	56	direct	direct	JJ
29915	41	57	between	between	IN
29915	41	58	individuals	individual	NNS
29915	41	59	,	,	,
29915	41	60	and	and	CC
29915	41	61	knowledge	knowledge	NN
29915	41	62	of	of	IN
29915	41	63	the	the	DT
29915	41	64	amount	amount	NN
29915	41	65	asked	ask	VBD
29915	41	66	or	or	CC
29915	41	67	paid	pay	VBN
29915	41	68	is	be	VBZ
29915	41	69	restricted	restrict	VBN
29915	41	70	to	to	IN
29915	41	71	a	a	DT
29915	41	72	limited	limited	JJ
29915	41	73	few	few	JJ
29915	41	74	.	.	.
29915	42	1	Through	through	IN
29915	42	2	the	the	DT
29915	42	3	common	common	JJ
29915	42	4	market	market	NN
29915	42	5	place	place	NN
29915	42	6	provided	provide	VBN
29915	42	7	by	by	IN
29915	42	8	an	an	DT
29915	42	9	exchange	exchange	NN
29915	42	10	,	,	,
29915	42	11	on	on	IN
29915	42	12	the	the	DT
29915	42	13	other	other	JJ
29915	42	14	hand	hand	NN
29915	42	15	,	,	,
29915	42	16	market	market	NN
29915	42	17	conditions	condition	NNS
29915	42	18	and	and	CC
29915	42	19	prices	price	NNS
29915	42	20	become	become	VBP
29915	42	21	common	common	JJ
29915	42	22	knowledge	knowledge	NN
29915	42	23	almost	almost	RB
29915	42	24	instantly	instantly	RB
29915	42	25	over	over	IN
29915	42	26	the	the	DT
29915	42	27	entire	entire	JJ
29915	42	28	country	country	NN
29915	42	29	.	.	.
29915	43	1	This	this	DT
29915	43	2	tends	tend	VBZ
29915	43	3	toward	toward	IN
29915	43	4	stabilization	stabilization	NN
29915	43	5	--	--	:
29915	43	6	a	a	DT
29915	43	7	fact	fact	NN
29915	43	8	which	which	WDT
29915	43	9	,	,	,
29915	43	10	alone	alone	RB
29915	43	11	,	,	,
29915	43	12	helps	help	VBZ
29915	43	13	to	to	TO
29915	43	14	eliminate	eliminate	VB
29915	43	15	risks	risk	NNS
29915	43	16	,	,	,
29915	43	17	and	and	CC
29915	43	18	enables	enable	VBZ
29915	43	19	merchants	merchant	NNS
29915	43	20	to	to	TO
29915	43	21	buy	buy	VB
29915	43	22	at	at	IN
29915	43	23	lower	low	JJR
29915	43	24	prices	price	NNS
29915	43	25	than	than	IN
29915	43	26	if	if	IN
29915	43	27	forced	force	VBN
29915	43	28	to	to	TO
29915	43	29	deal	deal	VB
29915	43	30	direct	direct	JJ
29915	43	31	with	with	IN
29915	43	32	one	one	CD
29915	43	33	another	another	DT
29915	43	34	.	.	.
29915	44	1	Sellers	seller	NNS
29915	44	2	do	do	VBP
29915	44	3	not	not	RB
29915	44	4	have	have	VB
29915	44	5	to	to	TO
29915	44	6	take	take	VB
29915	44	7	such	such	JJ
29915	44	8	long	long	JJ
29915	44	9	chances	chance	NNS
29915	44	10	and	and	CC
29915	44	11	can	can	MD
29915	44	12	thus	thus	RB
29915	44	13	afford	afford	VB
29915	44	14	to	to	TO
29915	44	15	sell	sell	VB
29915	44	16	on	on	IN
29915	44	17	a	a	DT
29915	44	18	smaller	small	JJR
29915	44	19	margin	margin	NN
29915	44	20	of	of	IN
29915	44	21	profit	profit	NN
29915	44	22	.	.	.
29915	45	1	Competition	competition	NN
29915	45	2	is	be	VBZ
29915	45	3	stimulated	stimulate	VBN
29915	45	4	and	and	CC
29915	45	5	freed	free	VBN
29915	45	6	from	from	IN
29915	45	7	many	many	JJ
29915	45	8	of	of	IN
29915	45	9	its	-PRON-	PRP$
29915	45	10	complications	complication	NNS
29915	45	11	and	and	CC
29915	45	12	uncertainties	uncertainty	NNS
29915	45	13	to	to	IN
29915	45	14	the	the	DT
29915	45	15	advantage	advantage	NN
29915	45	16	of	of	IN
29915	45	17	the	the	DT
29915	45	18	seller	seller	NN
29915	45	19	,	,	,
29915	45	20	the	the	DT
29915	45	21	buyer	buyer	NN
29915	45	22	and	and	CC
29915	45	23	the	the	DT
29915	45	24	public	public	NN
29915	45	25	.	.	.
29915	46	1	It	-PRON-	PRP
29915	46	2	is	be	VBZ
29915	46	3	now	now	RB
29915	46	4	admitted	admit	VBN
29915	46	5	that	that	IN
29915	46	6	,	,	,
29915	46	7	had	have	VBD
29915	46	8	exchange	exchange	NN
29915	46	9	trading	trading	NN
29915	46	10	in	in	IN
29915	46	11	refined	refined	JJ
29915	46	12	sugar	sugar	NN
29915	46	13	existed	exist	VBD
29915	46	14	in	in	IN
29915	46	15	1920	1920	CD
29915	46	16	,	,	,
29915	46	17	a	a	DT
29915	46	18	general	general	JJ
29915	46	19	use	use	NN
29915	46	20	of	of	IN
29915	46	21	the	the	DT
29915	46	22	exchange	exchange	NN
29915	46	23	by	by	IN
29915	46	24	all	all	DT
29915	46	25	branches	branch	NNS
29915	46	26	of	of	IN
29915	46	27	the	the	DT
29915	46	28	trade	trade	NN
29915	46	29	might	may	MD
29915	46	30	have	have	VB
29915	46	31	prevented	prevent	VBN
29915	46	32	,	,	,
29915	46	33	to	to	IN
29915	46	34	a	a	DT
29915	46	35	considerable	considerable	JJ
29915	46	36	extent	extent	NN
29915	46	37	,	,	,
29915	46	38	the	the	DT
29915	46	39	abnormal	abnormal	JJ
29915	46	40	advance	advance	NN
29915	46	41	in	in	IN
29915	46	42	sugar	sugar	NN
29915	46	43	prices	price	NNS
29915	46	44	of	of	IN
29915	46	45	that	that	DT
29915	46	46	period	period	NN
29915	46	47	,	,	,
29915	46	48	with	with	IN
29915	46	49	the	the	DT
29915	46	50	hardship	hardship	NN
29915	46	51	and	and	CC
29915	46	52	misfortune	misfortune	NN
29915	46	53	that	that	WDT
29915	46	54	attended	attend	VBD
29915	46	55	.	.	.
29915	47	1	The	the	DT
29915	47	2	fact	fact	NN
29915	47	3	that	that	IN
29915	47	4	an	an	DT
29915	47	5	exchange	exchange	NN
29915	47	6	always	always	RB
29915	47	7	provides	provide	VBZ
29915	47	8	a	a	DT
29915	47	9	buyer	buyer	NN
29915	47	10	and	and	CC
29915	47	11	a	a	DT
29915	47	12	seller	seller	NN
29915	47	13	,	,	,
29915	47	14	_	_	NNP
29915	47	15	at	at	IN
29915	47	16	a	a	DT
29915	47	17	price	price	NN
29915	47	18	_	_	NN
29915	47	19	,	,	,
29915	47	20	tends	tend	VBZ
29915	47	21	toward	toward	IN
29915	47	22	keeping	keep	VBG
29915	47	23	business	business	NN
29915	47	24	fluid	fluid	NN
29915	47	25	.	.	.
29915	48	1	Jobbers	jobber	NNS
29915	48	2	are	be	VBP
29915	48	3	able	able	JJ
29915	48	4	to	to	TO
29915	48	5	protect	protect	VB
29915	48	6	their	-PRON-	PRP$
29915	48	7	future	future	JJ
29915	48	8	requirements	requirement	NNS
29915	48	9	.	.	.
29915	49	1	Producers	producer	NNS
29915	49	2	are	be	VBP
29915	49	3	sure	sure	JJ
29915	49	4	of	of	IN
29915	49	5	a	a	DT
29915	49	6	market	market	NN
29915	49	7	for	for	IN
29915	49	8	their	-PRON-	PRP$
29915	49	9	crops	crop	NNS
29915	49	10	.	.	.
29915	50	1	Crop	crop	NN
29915	50	2	financing	financing	NN
29915	50	3	is	be	VBZ
29915	50	4	made	make	VBN
29915	50	5	easier	easy	JJR
29915	50	6	because	because	IN
29915	50	7	bankers	banker	NNS
29915	50	8	are	be	VBP
29915	50	9	more	more	RBR
29915	50	10	willing	willing	JJ
29915	50	11	to	to	TO
29915	50	12	loan	loan	VB
29915	50	13	on	on	IN
29915	50	14	crops	crop	NNS
29915	50	15	sold	sell	VBN
29915	50	16	in	in	IN
29915	50	17	advance	advance	NN
29915	50	18	--	--	:
29915	50	19	an	an	DT
29915	50	20	operation	operation	NN
29915	50	21	made	make	VBN
29915	50	22	possible	possible	JJ
29915	50	23	by	by	IN
29915	50	24	an	an	DT
29915	50	25	exchange	exchange	NN
29915	50	26	.	.	.
29915	51	1	Exchanges	exchange	NNS
29915	51	2	operate	operate	VBP
29915	51	3	to	to	TO
29915	51	4	take	take	VB
29915	51	5	the	the	DT
29915	51	6	gamble	gamble	NN
29915	51	7	out	out	IN
29915	51	8	of	of	IN
29915	51	9	business	business	NN
29915	51	10	.	.	.
29915	52	1	They	-PRON-	PRP
29915	52	2	help	help	VBP
29915	52	3	to	to	TO
29915	52	4	put	put	VB
29915	52	5	and	and	CC
29915	52	6	maintain	maintain	VB
29915	52	7	business	business	NN
29915	52	8	on	on	IN
29915	52	9	a	a	DT
29915	52	10	sound	sound	JJ
29915	52	11	basis	basis	NN
29915	52	12	.	.	.
29915	53	1	That	that	IN
29915	53	2	some	some	DT
29915	53	3	people	people	NNS
29915	53	4	who	who	WP
29915	53	5	have	have	VBP
29915	53	6	no	no	DT
29915	53	7	real	real	JJ
29915	53	8	interest	interest	NN
29915	53	9	in	in	IN
29915	53	10	the	the	DT
29915	53	11	commodity	commodity	NN
29915	53	12	use	use	VBP
29915	53	13	the	the	DT
29915	53	14	exchange	exchange	NN
29915	53	15	speculatively	speculatively	RB
29915	53	16	does	do	VBZ
29915	53	17	not	not	RB
29915	53	18	alter	alter	VB
29915	53	19	this	this	DT
29915	53	20	fact	fact	NN
29915	53	21	.	.	.
29915	54	1	In	in	IN
29915	54	2	providing	provide	VBG
29915	54	3	machinery	machinery	NN
29915	54	4	by	by	IN
29915	54	5	which	which	WDT
29915	54	6	speculative	speculative	JJ
29915	54	7	risks	risk	NNS
29915	54	8	incident	incident	NN
29915	54	9	to	to	IN
29915	54	10	a	a	DT
29915	54	11	jobber	jobber	NN
29915	54	12	's	's	POS
29915	54	13	business	business	NN
29915	54	14	may	may	MD
29915	54	15	be	be	VB
29915	54	16	shifted	shift	VBN
29915	54	17	from	from	IN
29915	54	18	the	the	DT
29915	54	19	jobber	jobber	NN
29915	54	20	to	to	IN
29915	54	21	those	those	DT
29915	54	22	who	who	WP
29915	54	23	make	make	VBP
29915	54	24	a	a	DT
29915	54	25	business	business	NN
29915	54	26	of	of	IN
29915	54	27	assuming	assume	VBG
29915	54	28	such	such	JJ
29915	54	29	risks	risk	NNS
29915	54	30	,	,	,
29915	54	31	exchanges	exchange	NNS
29915	54	32	help	help	VBP
29915	54	33	to	to	TO
29915	54	34	stabilize	stabilize	VB
29915	54	35	his	-PRON-	PRP$
29915	54	36	business	business	NN
29915	54	37	and	and	CC
29915	54	38	to	to	TO
29915	54	39	remove	remove	VB
29915	54	40	a	a	DT
29915	54	41	large	large	JJ
29915	54	42	part	part	NN
29915	54	43	of	of	IN
29915	54	44	the	the	DT
29915	54	45	destructive	destructive	JJ
29915	54	46	uncertainty	uncertainty	NN
29915	54	47	with	with	IN
29915	54	48	which	which	WDT
29915	54	49	he	-PRON-	PRP
29915	54	50	would	would	MD
29915	54	51	otherwise	otherwise	RB
29915	54	52	have	have	VB
29915	54	53	to	to	TO
29915	54	54	contend	contend	VB
29915	54	55	.	.	.
29915	55	1	Exchanges	exchange	NNS
29915	55	2	are	be	VBP
29915	55	3	the	the	DT
29915	55	4	creations	creation	NNS
29915	55	5	of	of	IN
29915	55	6	modern	modern	JJ
29915	55	7	economic	economic	JJ
29915	55	8	development	development	NN
29915	55	9	,	,	,
29915	55	10	designed	design	VBN
29915	55	11	and	and	CC
29915	55	12	operated	operate	VBN
29915	55	13	for	for	IN
29915	55	14	the	the	DT
29915	55	15	benefit	benefit	NN
29915	55	16	of	of	IN
29915	55	17	the	the	DT
29915	55	18	commerce	commerce	NN
29915	55	19	,	,	,
29915	55	20	industry	industry	NN
29915	55	21	and	and	CC
29915	55	22	people	people	NNS
29915	55	23	of	of	IN
29915	55	24	the	the	DT
29915	55	25	civilized	civilized	JJ
29915	55	26	world	world	NN
29915	55	27	.	.	.
29915	56	1	Therefore	therefore	RB
29915	56	2	we	-PRON-	PRP
29915	56	3	welcome	welcome	VBP
29915	56	4	trading	trading	NN
29915	56	5	in	in	IN
29915	56	6	refined	refined	JJ
29915	56	7	sugar	sugar	NN
29915	56	8	futures	future	NNS
29915	56	9	and	and	CC
29915	56	10	the	the	DT
29915	56	11	opportunity	opportunity	NN
29915	56	12	to	to	TO
29915	56	13	offer	offer	VB
29915	56	14	you	-PRON-	PRP
29915	56	15	the	the	DT
29915	56	16	advantages	advantage	NNS
29915	56	17	that	that	WDT
29915	56	18	may	may	MD
29915	56	19	be	be	VB
29915	56	20	derived	derive	VBN
29915	56	21	from	from	IN
29915	56	22	a	a	DT
29915	56	23	conservative	conservative	JJ
29915	56	24	,	,	,
29915	56	25	intelligent	intelligent	JJ
29915	56	26	use	use	NN
29915	56	27	of	of	IN
29915	56	28	its	-PRON-	PRP$
29915	56	29	services	service	NNS
29915	56	30	.	.	.
29915	57	1	The	the	DT
29915	57	2	Exchange	Exchange	NNP
29915	57	3	provides	provide	VBZ
29915	57	4	certain	certain	JJ
29915	57	5	quality	quality	NN
29915	57	6	standards	standard	NNS
29915	57	7	and	and	CC
29915	57	8	other	other	JJ
29915	57	9	regulations	regulation	NNS
29915	57	10	to	to	TO
29915	57	11	safeguard	safeguard	VB
29915	57	12	your	-PRON-	PRP$
29915	57	13	interests	interest	NNS
29915	57	14	.	.	.
29915	58	1	But	but	CC
29915	58	2	your	-PRON-	PRP$
29915	58	3	real	real	JJ
29915	58	4	assurance	assurance	NN
29915	58	5	of	of	IN
29915	58	6	protection	protection	NN
29915	58	7	lies	lie	VBZ
29915	58	8	in	in	IN
29915	58	9	the	the	DT
29915	58	10	_	_	NNP
29915	58	11	character	character	NN
29915	58	12	_	_	NNP
29915	58	13	and	and	CC
29915	58	14	reliability	reliability	NN
29915	58	15	of	of	IN
29915	58	16	your	-PRON-	PRP$
29915	58	17	broker	broker	NN
29915	58	18	.	.	.
29915	59	1	If	if	IN
29915	59	2	your	-PRON-	PRP$
29915	59	3	broker	broker	NN
29915	59	4	is	be	VBZ
29915	59	5	not	not	RB
29915	59	6	strong	strong	JJ
29915	59	7	financially	financially	RB
29915	59	8	you	-PRON-	PRP
29915	59	9	do	do	VBP
29915	59	10	not	not	RB
29915	59	11	have	have	VB
29915	59	12	back	back	RB
29915	59	13	of	of	IN
29915	59	14	your	-PRON-	PRP$
29915	59	15	contract	contract	NN
29915	59	16	the	the	DT
29915	59	17	responsibility	responsibility	NN
29915	59	18	that	that	WDT
29915	59	19	you	-PRON-	PRP
29915	59	20	might	may	MD
29915	59	21	otherwise	otherwise	RB
29915	59	22	have	have	VB
29915	59	23	.	.	.
29915	60	1	If	if	IN
29915	60	2	you	-PRON-	PRP
29915	60	3	had	have	VBD
29915	60	4	a	a	DT
29915	60	5	favorable	favorable	JJ
29915	60	6	contract	contract	NN
29915	60	7	with	with	IN
29915	60	8	a	a	DT
29915	60	9	broker	broker	NN
29915	60	10	who	who	WP
29915	60	11	became	become	VBD
29915	60	12	insolvent	insolvent	JJ
29915	60	13	,	,	,
29915	60	14	you	-PRON-	PRP
29915	60	15	would	would	MD
29915	60	16	have	have	VB
29915	60	17	no	no	DT
29915	60	18	means	means	NN
29915	60	19	of	of	IN
29915	60	20	forcing	force	VBG
29915	60	21	the	the	DT
29915	60	22	fulfillment	fulfillment	NN
29915	60	23	of	of	IN
29915	60	24	the	the	DT
29915	60	25	contract	contract	NN
29915	60	26	,	,	,
29915	60	27	and	and	CC
29915	60	28	no	no	DT
29915	60	29	way	way	NN
29915	60	30	of	of	IN
29915	60	31	securing	secure	VBG
29915	60	32	the	the	DT
29915	60	33	profit	profit	NN
29915	60	34	which	which	WDT
29915	60	35	was	be	VBD
29915	60	36	due	due	JJ
29915	60	37	you	-PRON-	PRP
29915	60	38	.	.	.
29915	61	1	The	the	DT
29915	61	2	thing	thing	NN
29915	61	3	to	to	TO
29915	61	4	do	do	VB
29915	61	5	,	,	,
29915	61	6	of	of	IN
29915	61	7	course	course	NN
29915	61	8	,	,	,
29915	61	9	is	be	VBZ
29915	61	10	to	to	TO
29915	61	11	choose	choose	VB
29915	61	12	a	a	DT
29915	61	13	broker	broker	NN
29915	61	14	who	who	WP
29915	61	15	is	be	VBZ
29915	61	16	so	so	RB
29915	61	17	strong	strong	JJ
29915	61	18	financially	financially	RB
29915	61	19	that	that	IN
29915	61	20	you	-PRON-	PRP
29915	61	21	incur	incur	VBP
29915	61	22	no	no	DT
29915	61	23	danger	danger	NN
29915	61	24	in	in	IN
29915	61	25	this	this	DT
29915	61	26	respect	respect	NN
29915	61	27	whatsoever	whatsoever	RB
29915	61	28	.	.	.
29915	62	1	Use	use	VB
29915	62	2	the	the	DT
29915	62	3	Exchange	Exchange	NNP
29915	62	4	when	when	WRB
29915	62	5	the	the	DT
29915	62	6	Market	market	NN
29915	62	7	is	be	VBZ
29915	62	8	Favorably	favorably	RB
29915	62	9	out	out	IN
29915	62	10	of	of	IN
29915	62	11	line	line	NN
29915	62	12	In	in	IN
29915	62	13	considering	consider	VBG
29915	62	14	the	the	DT
29915	62	15	illustrative	illustrative	JJ
29915	62	16	examples	example	NNS
29915	62	17	in	in	IN
29915	62	18	this	this	DT
29915	62	19	booklet	booklet	NN
29915	62	20	,	,	,
29915	62	21	it	-PRON-	PRP
29915	62	22	should	should	MD
29915	62	23	be	be	VB
29915	62	24	borne	bear	VBN
29915	62	25	in	in	IN
29915	62	26	mind	mind	NN
29915	62	27	that	that	IN
29915	62	28	the	the	DT
29915	62	29	measure	measure	NN
29915	62	30	of	of	IN
29915	62	31	protection	protection	NN
29915	62	32	afforded	afford	VBN
29915	62	33	is	be	VBZ
29915	62	34	relative	relative	JJ
29915	62	35	and	and	CC
29915	62	36	not	not	RB
29915	62	37	absolute	absolute	JJ
29915	62	38	.	.	.
29915	63	1	The	the	DT
29915	63	2	theory	theory	NN
29915	63	3	of	of	IN
29915	63	4	exchange	exchange	NN
29915	63	5	operations	operation	NNS
29915	63	6	is	be	VBZ
29915	63	7	that	that	IN
29915	63	8	the	the	DT
29915	63	9	exchange	exchange	NN
29915	63	10	market	market	NN
29915	63	11	will	will	MD
29915	63	12	move	move	VB
29915	63	13	relatively	relatively	RB
29915	63	14	the	the	DT
29915	63	15	same	same	JJ
29915	63	16	as	as	IN
29915	63	17	the	the	DT
29915	63	18	market	market	NN
29915	63	19	for	for	IN
29915	63	20	the	the	DT
29915	63	21	actual	actual	JJ
29915	63	22	commodity	commodity	NN
29915	63	23	.	.	.
29915	64	1	This	this	DT
29915	64	2	can	can	MD
29915	64	3	not	not	RB
29915	64	4	be	be	VB
29915	64	5	strictly	strictly	RB
29915	64	6	true	true	JJ
29915	64	7	,	,	,
29915	64	8	although	although	IN
29915	64	9	the	the	DT
29915	64	10	exchange	exchange	NN
29915	64	11	market	market	NN
29915	64	12	must	must	MD
29915	64	13	of	of	IN
29915	64	14	necessity	necessity	NN
29915	64	15	follow	follow	VB
29915	64	16	very	very	RB
29915	64	17	closely	closely	RB
29915	64	18	the	the	DT
29915	64	19	actual	actual	JJ
29915	64	20	market	market	NN
29915	64	21	,	,	,
29915	64	22	because	because	IN
29915	64	23	all	all	PDT
29915	64	24	the	the	DT
29915	64	25	sugar	sugar	NN
29915	64	26	must	must	MD
29915	64	27	,	,	,
29915	64	28	in	in	IN
29915	64	29	the	the	DT
29915	64	30	final	final	JJ
29915	64	31	analysis	analysis	NN
29915	64	32	,	,	,
29915	64	33	come	come	VB
29915	64	34	from	from	IN
29915	64	35	the	the	DT
29915	64	36	actual	actual	JJ
29915	64	37	market	market	NN
29915	64	38	.	.	.
29915	65	1	If	if	IN
29915	65	2	thrown	throw	VBN
29915	65	3	out	out	IN
29915	65	4	of	of	IN
29915	65	5	parity	parity	NN
29915	65	6	with	with	IN
29915	65	7	the	the	DT
29915	65	8	actual	actual	JJ
29915	65	9	market	market	NN
29915	65	10	,	,	,
29915	65	11	the	the	DT
29915	65	12	exchange	exchange	NN
29915	65	13	market	market	NN
29915	65	14	is	be	VBZ
29915	65	15	bound	bind	VBN
29915	65	16	to	to	TO
29915	65	17	come	come	VB
29915	65	18	back	back	RB
29915	65	19	eventually	eventually	RB
29915	65	20	.	.	.
29915	66	1	In	in	IN
29915	66	2	the	the	DT
29915	66	3	exchange	exchange	NN
29915	66	4	market	market	NN
29915	66	5	anyone	anyone	NN
29915	66	6	can	can	MD
29915	66	7	buy	buy	VB
29915	66	8	and	and	CC
29915	66	9	anyone	anyone	NN
29915	66	10	can	can	MD
29915	66	11	sell	sell	VB
29915	66	12	.	.	.
29915	67	1	The	the	DT
29915	67	2	market	market	NN
29915	67	3	is	be	VBZ
29915	67	4	subject	subject	JJ
29915	67	5	to	to	IN
29915	67	6	many	many	JJ
29915	67	7	outside	outside	JJ
29915	67	8	influences	influence	NNS
29915	67	9	,	,	,
29915	67	10	and	and	CC
29915	67	11	the	the	DT
29915	67	12	fluctuations	fluctuation	NNS
29915	67	13	reflect	reflect	VBP
29915	67	14	and	and	CC
29915	67	15	accentuate	accentuate	VB
29915	67	16	the	the	DT
29915	67	17	varying	varying	NN
29915	67	18	shades	shade	NNS
29915	67	19	of	of	IN
29915	67	20	market	market	NN
29915	67	21	opinions	opinion	NNS
29915	67	22	of	of	IN
29915	67	23	many	many	JJ
29915	67	24	individuals	individual	NNS
29915	67	25	.	.	.
29915	68	1	But	but	CC
29915	68	2	in	in	IN
29915	68	3	the	the	DT
29915	68	4	market	market	NN
29915	68	5	for	for	IN
29915	68	6	the	the	DT
29915	68	7	actual	actual	JJ
29915	68	8	commodity	commodity	NN
29915	68	9	,	,	,
29915	68	10	the	the	DT
29915	68	11	quotations	quotation	NNS
29915	68	12	are	be	VBP
29915	68	13	made	make	VBN
29915	68	14	by	by	IN
29915	68	15	comparatively	comparatively	RB
29915	68	16	few	few	JJ
29915	68	17	men	man	NNS
29915	68	18	,	,	,
29915	68	19	which	which	WDT
29915	68	20	means	mean	VBZ
29915	68	21	that	that	IN
29915	68	22	there	there	EX
29915	68	23	will	will	MD
29915	68	24	be	be	VB
29915	68	25	less	less	JJR
29915	68	26	fluctuation	fluctuation	NN
29915	68	27	.	.	.
29915	69	1	Therefore	therefore	RB
29915	69	2	,	,	,
29915	69	3	it	-PRON-	PRP
29915	69	4	is	be	VBZ
29915	69	5	obvious	obvious	JJ
29915	69	6	that	that	IN
29915	69	7	although	although	IN
29915	69	8	the	the	DT
29915	69	9	exchange	exchange	NN
29915	69	10	market	market	NN
29915	69	11	_	_	NNP
29915	69	12	should	should	MD
29915	69	13	_	_	NNP
29915	69	14	be	be	VB
29915	69	15	on	on	IN
29915	69	16	a	a	DT
29915	69	17	parity	parity	NN
29915	69	18	with	with	IN
29915	69	19	the	the	DT
29915	69	20	actual	actual	JJ
29915	69	21	market	market	NN
29915	69	22	,	,	,
29915	69	23	the	the	DT
29915	69	24	unequal	unequal	JJ
29915	69	25	fluctuations	fluctuation	NNS
29915	69	26	of	of	IN
29915	69	27	the	the	DT
29915	69	28	two	two	CD
29915	69	29	markets	market	NNS
29915	69	30	will	will	MD
29915	69	31	be	be	VB
29915	69	32	constantly	constantly	RB
29915	69	33	throwing	throw	VBG
29915	69	34	them	-PRON-	PRP
29915	69	35	out	out	IN
29915	69	36	of	of	IN
29915	69	37	parity	parity	NN
29915	69	38	or	or	CC
29915	69	39	"	"	``
29915	69	40	out	out	IN
29915	69	41	of	of	IN
29915	69	42	line	line	NN
29915	69	43	.	.	.
29915	69	44	"	"	''
29915	70	1	There	there	EX
29915	70	2	are	be	VBP
29915	70	3	times	time	NNS
29915	70	4	when	when	WRB
29915	70	5	the	the	DT
29915	70	6	market	market	NN
29915	70	7	will	will	MD
29915	70	8	be	be	VB
29915	70	9	so	so	RB
29915	70	10	out	out	IN
29915	70	11	of	of	IN
29915	70	12	line	line	NN
29915	70	13	that	that	WDT
29915	70	14	the	the	DT
29915	70	15	_	_	NNP
29915	70	16	buying	buying	NN
29915	70	17	_	_	NNP
29915	70	18	of	of	IN
29915	70	19	futures	future	NNS
29915	70	20	should	should	MD
29915	70	21	result	result	VB
29915	70	22	profitably	profitably	RB
29915	70	23	.	.	.
29915	71	1	At	at	IN
29915	71	2	other	other	JJ
29915	71	3	times	time	NNS
29915	71	4	,	,	,
29915	71	5	with	with	IN
29915	71	6	conditions	condition	NNS
29915	71	7	reversed	reverse	VBN
29915	71	8	,	,	,
29915	71	9	_	_	NNP
29915	71	10	selling	sell	VBG
29915	71	11	_	_	NNP
29915	71	12	of	of	IN
29915	71	13	futures	future	NNS
29915	71	14	seems	seem	VBZ
29915	71	15	obviously	obviously	RB
29915	71	16	advisable	advisable	JJ
29915	71	17	.	.	.
29915	72	1	We	-PRON-	PRP
29915	72	2	do	do	VBP
29915	72	3	not	not	RB
29915	72	4	claim	claim	VB
29915	72	5	that	that	IN
29915	72	6	jobbers	jobber	NNS
29915	72	7	can	can	MD
29915	72	8	protect	protect	VB
29915	72	9	sugar	sugar	NN
29915	72	10	purchases	purchase	NNS
29915	72	11	with	with	IN
29915	72	12	absolute	absolute	JJ
29915	72	13	and	and	CC
29915	72	14	exact	exact	JJ
29915	72	15	precision	precision	NN
29915	72	16	.	.	.
29915	73	1	On	on	IN
29915	73	2	the	the	DT
29915	73	3	basis	basis	NN
29915	73	4	of	of	IN
29915	73	5	long	long	JJ
29915	73	6	exchange	exchange	NN
29915	73	7	experience	experience	NN
29915	73	8	,	,	,
29915	73	9	we	-PRON-	PRP
29915	73	10	_	_	NNP
29915	73	11	do	do	VBP
29915	73	12	_	_	NNP
29915	73	13	believe	believe	VB
29915	73	14	,	,	,
29915	73	15	however	however	RB
29915	73	16	,	,	,
29915	73	17	that	that	IN
29915	73	18	by	by	IN
29915	73	19	a	a	DT
29915	73	20	discreet	discreet	JJ
29915	73	21	use	use	NN
29915	73	22	of	of	IN
29915	73	23	the	the	DT
29915	73	24	Exchange	Exchange	NNP
29915	73	25	,	,	,
29915	73	26	and	and	CC
29915	73	27	by	by	IN
29915	73	28	using	use	VBG
29915	73	29	the	the	DT
29915	73	30	market	market	NN
29915	73	31	when	when	WRB
29915	73	32	quotations	quotation	NNS
29915	73	33	are	be	VBP
29915	73	34	_	_	NNP
29915	73	35	favorably	favorably	RB
29915	73	36	_	_	NNP
29915	73	37	out	out	IN
29915	73	38	of	of	IN
29915	73	39	line	line	NN
29915	73	40	,	,	,
29915	73	41	jobbers	jobber	NNS
29915	73	42	can	can	MD
29915	73	43	do	do	VB
29915	73	44	so	so	RB
29915	73	45	to	to	IN
29915	73	46	their	-PRON-	PRP$
29915	73	47	decided	decide	VBN
29915	73	48	advantage	advantage	NN
29915	73	49	.	.	.
29915	74	1	Selling	selling	NN
29915	74	2	of	of	IN
29915	74	3	Futures	Futures	NNPS
29915	74	4	--	--	:
29915	74	5	Hedging	Hedging	NNP
29915	74	6	As	as	IN
29915	74	7	the	the	DT
29915	74	8	word	word	NN
29915	74	9	itself	-PRON-	PRP
29915	74	10	indicates	indicate	VBZ
29915	74	11	,	,	,
29915	74	12	a	a	DT
29915	74	13	"	"	``
29915	74	14	hedge	hedge	NN
29915	74	15	"	"	''
29915	74	16	on	on	IN
29915	74	17	the	the	DT
29915	74	18	Exchange	Exchange	NNP
29915	74	19	is	be	VBZ
29915	74	20	a	a	DT
29915	74	21	protection	protection	NN
29915	74	22	.	.	.
29915	75	1	You	-PRON-	PRP
29915	75	2	hedge	hedge	VBP
29915	75	3	by	by	IN
29915	75	4	buying	buy	VBG
29915	75	5	or	or	CC
29915	75	6	owning	own	VBG
29915	75	7	actual	actual	JJ
29915	75	8	sugar	sugar	NN
29915	75	9	,	,	,
29915	75	10	and	and	CC
29915	75	11	"	"	``
29915	75	12	selling	sell	VBG
29915	75	13	short	short	RB
29915	75	14	"	"	''
29915	75	15	in	in	IN
29915	75	16	the	the	DT
29915	75	17	same	same	JJ
29915	75	18	amount	amount	NN
29915	75	19	.	.	.
29915	76	1	You	-PRON-	PRP
29915	76	2	sell	sell	VBP
29915	76	3	sugar	sugar	NN
29915	76	4	futures	future	NNS
29915	76	5	although	although	IN
29915	76	6	you	-PRON-	PRP
29915	76	7	do	do	VBP
29915	76	8	not	not	RB
29915	76	9	own	own	VB
29915	76	10	any	any	DT
29915	76	11	.	.	.
29915	77	1	You	-PRON-	PRP
29915	77	2	actually	actually	RB
29915	77	3	contract	contract	VBP
29915	77	4	to	to	TO
29915	77	5	deliver	deliver	VB
29915	77	6	an	an	DT
29915	77	7	amount	amount	NN
29915	77	8	of	of	IN
29915	77	9	sugar	sugar	NN
29915	77	10	during	during	IN
29915	77	11	a	a	DT
29915	77	12	specified	specify	VBN
29915	77	13	future	future	JJ
29915	77	14	month	month	NN
29915	77	15	at	at	IN
29915	77	16	a	a	DT
29915	77	17	specified	specify	VBN
29915	77	18	price	price	NN
29915	77	19	.	.	.
29915	78	1	Eventually	eventually	RB
29915	78	2	,	,	,
29915	78	3	you	-PRON-	PRP
29915	78	4	must	must	MD
29915	78	5	either	either	CC
29915	78	6	buy	buy	VB
29915	78	7	and	and	CC
29915	78	8	deliver	deliver	VB
29915	78	9	actual	actual	JJ
29915	78	10	sugar	sugar	NN
29915	78	11	to	to	TO
29915	78	12	carry	carry	VB
29915	78	13	out	out	RP
29915	78	14	this	this	DT
29915	78	15	contract	contract	NN
29915	78	16	,	,	,
29915	78	17	or	or	CC
29915	78	18	you	-PRON-	PRP
29915	78	19	must	must	MD
29915	78	20	buy	buy	VB
29915	78	21	another	another	DT
29915	78	22	contract	contract	NN
29915	78	23	for	for	IN
29915	78	24	futures	future	NNS
29915	78	25	to	to	TO
29915	78	26	cancel	cancel	VB
29915	78	27	your	-PRON-	PRP$
29915	78	28	short	short	JJ
29915	78	29	sale	sale	NN
29915	78	30	.	.	.
29915	79	1	This	this	DT
29915	79	2	is	be	VBZ
29915	79	3	known	know	VBN
29915	79	4	as	as	IN
29915	79	5	a	a	DT
29915	79	6	"	"	``
29915	79	7	covering	covering	NN
29915	79	8	"	"	''
29915	79	9	operation	operation	NN
29915	79	10	,	,	,
29915	79	11	and	and	CC
29915	79	12	the	the	DT
29915	79	13	cancelling	cancelling	NN
29915	79	14	of	of	IN
29915	79	15	one	one	CD
29915	79	16	by	by	IN
29915	79	17	the	the	DT
29915	79	18	other	other	JJ
29915	79	19	takes	take	VBZ
29915	79	20	place	place	NN
29915	79	21	automatically	automatically	RB
29915	79	22	through	through	IN
29915	79	23	the	the	DT
29915	79	24	channels	channel	NNS
29915	79	25	of	of	IN
29915	79	26	the	the	DT
29915	79	27	Exchange	Exchange	NNP
29915	79	28	.	.	.
29915	80	1	From	from	IN
29915	80	2	the	the	DT
29915	80	3	jobber	jobber	NNP
29915	80	4	's	's	POS
29915	80	5	point	point	NN
29915	80	6	of	of	IN
29915	80	7	view	view	NN
29915	80	8	,	,	,
29915	80	9	the	the	DT
29915	80	10	operation	operation	NN
29915	80	11	of	of	IN
29915	80	12	hedging	hedging	NN
29915	80	13	has	have	VBZ
29915	80	14	three	three	CD
29915	80	15	outstanding	outstanding	JJ
29915	80	16	purposes	purpose	NNS
29915	80	17	.	.	.
29915	81	1	He	-PRON-	PRP
29915	81	2	may	may	MD
29915	81	3	hedge	hedge	VB
29915	81	4	:	:	:
29915	81	5	1	1	CD
29915	81	6	.	.	.
29915	82	1	To	to	TO
29915	82	2	eliminate	eliminate	VB
29915	82	3	the	the	DT
29915	82	4	probability	probability	NN
29915	82	5	of	of	IN
29915	82	6	speculative	speculative	JJ
29915	82	7	profit	profit	NN
29915	82	8	or	or	CC
29915	82	9	loss	loss	NN
29915	82	10	,	,	,
29915	82	11	due	due	IN
29915	82	12	to	to	IN
29915	82	13	market	market	NN
29915	82	14	fluctuations	fluctuation	NNS
29915	82	15	.	.	.
29915	83	1	2	2	LS
29915	83	2	.	.	.
29915	84	1	To	to	TO
29915	84	2	protect	protect	VB
29915	84	3	a	a	DT
29915	84	4	profit	profit	NN
29915	84	5	on	on	IN
29915	84	6	a	a	DT
29915	84	7	favorable	favorable	JJ
29915	84	8	purchase	purchase	NN
29915	84	9	of	of	IN
29915	84	10	actual	actual	JJ
29915	84	11	sugar	sugar	NN
29915	84	12	.	.	.
29915	85	1	3	3	LS
29915	85	2	.	.	.
29915	86	1	To	to	TO
29915	86	2	establish	establish	VB
29915	86	3	and	and	CC
29915	86	4	limit	limit	VB
29915	86	5	a	a	DT
29915	86	6	loss	loss	NN
29915	86	7	on	on	IN
29915	86	8	an	an	DT
29915	86	9	unfavorable	unfavorable	JJ
29915	86	10	purchase	purchase	NN
29915	86	11	of	of	IN
29915	86	12	actual	actual	JJ
29915	86	13	sugar	sugar	NN
29915	86	14	.	.	.
29915	87	1	HEDGING	HEDGING	NNP
29915	87	2	_	_	NNP
29915	87	3	to	to	TO
29915	87	4	protect	protect	VB
29915	87	5	a	a	DT
29915	87	6	normal	normal	JJ
29915	87	7	jobbing	jobbing	NN
29915	87	8	profit	profit	NN
29915	87	9	by	by	IN
29915	87	10	eliminating	eliminate	VBG
29915	87	11	the	the	DT
29915	87	12	probability	probability	NN
29915	87	13	of	of	IN
29915	87	14	a	a	DT
29915	87	15	speculative	speculative	JJ
29915	87	16	loss	loss	NN
29915	87	17	or	or	CC
29915	87	18	gain	gain	VB
29915	87	19	_	_	NNP
29915	87	20	.	.	.
29915	88	1	This	this	DT
29915	88	2	operation	operation	NN
29915	88	3	is	be	VBZ
29915	88	4	particularly	particularly	RB
29915	88	5	useful	useful	JJ
29915	88	6	to	to	IN
29915	88	7	jobbers	jobber	NNS
29915	88	8	with	with	IN
29915	88	9	whom	whom	WP
29915	88	10	conditions	condition	NNS
29915	88	11	are	be	VBP
29915	88	12	such	such	JJ
29915	88	13	that	that	IN
29915	88	14	they	-PRON-	PRP
29915	88	15	desire	desire	VBP
29915	88	16	to	to	TO
29915	88	17	be	be	VB
29915	88	18	assured	assure	VBN
29915	88	19	that	that	IN
29915	88	20	their	-PRON-	PRP$
29915	88	21	cost	cost	NN
29915	88	22	will	will	MD
29915	88	23	be	be	VB
29915	88	24	at	at	IN
29915	88	25	about	about	IN
29915	88	26	the	the	DT
29915	88	27	market	market	NN
29915	88	28	price	price	NN
29915	88	29	at	at	IN
29915	88	30	the	the	DT
29915	88	31	time	time	NN
29915	88	32	they	-PRON-	PRP
29915	88	33	dispose	dispose	VBP
29915	88	34	of	of	IN
29915	88	35	their	-PRON-	PRP$
29915	88	36	sugar	sugar	NN
29915	88	37	,	,	,
29915	88	38	regardless	regardless	RB
29915	88	39	of	of	IN
29915	88	40	whether	whether	IN
29915	88	41	the	the	DT
29915	88	42	market	market	NN
29915	88	43	be	be	VBP
29915	88	44	higher	high	JJR
29915	88	45	or	or	CC
29915	88	46	lower	low	JJR
29915	88	47	.	.	.
29915	89	1	Although	although	IN
29915	89	2	there	there	EX
29915	89	3	are	be	VBP
29915	89	4	times	time	NNS
29915	89	5	when	when	WRB
29915	89	6	any	any	DT
29915	89	7	jobber	jobber	NNP
29915	89	8	,	,	,
29915	89	9	no	no	RB
29915	89	10	matter	matter	RB
29915	89	11	where	where	WRB
29915	89	12	located	locate	VBN
29915	89	13	,	,	,
29915	89	14	will	will	MD
29915	89	15	find	find	VB
29915	89	16	this	this	DT
29915	89	17	a	a	DT
29915	89	18	useful	useful	JJ
29915	89	19	transaction	transaction	NN
29915	89	20	,	,	,
29915	89	21	it	-PRON-	PRP
29915	89	22	is	be	VBZ
29915	89	23	obvious	obvious	JJ
29915	89	24	that	that	IN
29915	89	25	many	many	JJ
29915	89	26	buyers	buyer	NNS
29915	89	27	will	will	MD
29915	89	28	not	not	RB
29915	89	29	wish	wish	VB
29915	89	30	to	to	TO
29915	89	31	use	use	VB
29915	89	32	the	the	DT
29915	89	33	market	market	NN
29915	89	34	in	in	IN
29915	89	35	this	this	DT
29915	89	36	way	way	NN
29915	89	37	unless	unless	IN
29915	89	38	they	-PRON-	PRP
29915	89	39	feel	feel	VBP
29915	89	40	it	-PRON-	PRP
29915	89	41	will	will	MD
29915	89	42	decline	decline	VB
29915	89	43	.	.	.
29915	90	1	But	but	CC
29915	90	2	it	-PRON-	PRP
29915	90	3	is	be	VBZ
29915	90	4	particularly	particularly	RB
29915	90	5	of	of	IN
29915	90	6	advantage	advantage	NN
29915	90	7	to	to	IN
29915	90	8	a	a	DT
29915	90	9	jobber	jobber	NNP
29915	90	10	located	locate	VBN
29915	90	11	in	in	IN
29915	90	12	markets	market	NNS
29915	90	13	necessitating	necessitate	VBG
29915	90	14	a	a	DT
29915	90	15	delay	delay	NN
29915	90	16	of	of	IN
29915	90	17	from	from	IN
29915	90	18	one	one	CD
29915	90	19	day	day	NN
29915	90	20	to	to	IN
29915	90	21	several	several	JJ
29915	90	22	weeks	week	NNS
29915	90	23	in	in	IN
29915	90	24	transit	transit	NN
29915	90	25	.	.	.
29915	91	1	For	for	IN
29915	91	2	instance	instance	NN
29915	91	3	,	,	,
29915	91	4	on	on	IN
29915	91	5	a	a	DT
29915	91	6	certain	certain	JJ
29915	91	7	day	day	NN
29915	91	8	in	in	IN
29915	91	9	April	April	NNP
29915	91	10	,	,	,
29915	91	11	two	two	CD
29915	91	12	jobbers	jobber	NNS
29915	91	13	bought	buy	VBD
29915	91	14	their	-PRON-	PRP$
29915	91	15	usual	usual	JJ
29915	91	16	quantity	quantity	NN
29915	91	17	of	of	IN
29915	91	18	sugar	sugar	NN
29915	91	19	.	.	.
29915	92	1	One	one	CD
29915	92	2	was	be	VBD
29915	92	3	located	locate	VBN
29915	92	4	in	in	IN
29915	92	5	Syracuse	Syracuse	NNP
29915	92	6	,	,	,
29915	92	7	the	the	DT
29915	92	8	other	other	JJ
29915	92	9	in	in	IN
29915	92	10	New	New	NNP
29915	92	11	York	York	NNP
29915	92	12	.	.	.
29915	93	1	Two	two	CD
29915	93	2	days	day	NNS
29915	93	3	following	follow	VBG
29915	93	4	the	the	DT
29915	93	5	purchase	purchase	NN
29915	93	6	,	,	,
29915	93	7	the	the	DT
29915	93	8	market	market	NN
29915	93	9	broke	break	VBD
29915	93	10	half	half	PDT
29915	93	11	a	a	DT
29915	93	12	cent	cent	NN
29915	93	13	per	per	IN
29915	93	14	pound	pound	NN
29915	93	15	.	.	.
29915	94	1	In	in	IN
29915	94	2	view	view	NN
29915	94	3	of	of	IN
29915	94	4	the	the	DT
29915	94	5	fact	fact	NN
29915	94	6	that	that	IN
29915	94	7	his	-PRON-	PRP$
29915	94	8	sugars	sugar	NNS
29915	94	9	were	be	VBD
29915	94	10	still	still	RB
29915	94	11	in	in	IN
29915	94	12	transit	transit	NN
29915	94	13	when	when	WRB
29915	94	14	the	the	DT
29915	94	15	market	market	NN
29915	94	16	declined	decline	VBD
29915	94	17	,	,	,
29915	94	18	the	the	DT
29915	94	19	Syracuse	Syracuse	NNP
29915	94	20	buyer	buyer	NN
29915	94	21	was	be	VBD
29915	94	22	obliged	oblige	VBN
29915	94	23	to	to	TO
29915	94	24	sustain	sustain	VB
29915	94	25	this	this	DT
29915	94	26	entire	entire	JJ
29915	94	27	loss	loss	NN
29915	94	28	,	,	,
29915	94	29	in	in	IN
29915	94	30	order	order	NN
29915	94	31	to	to	TO
29915	94	32	meet	meet	VB
29915	94	33	competition	competition	NN
29915	94	34	.	.	.
29915	95	1	On	on	IN
29915	95	2	the	the	DT
29915	95	3	other	other	JJ
29915	95	4	hand	hand	NN
29915	95	5	,	,	,
29915	95	6	because	because	IN
29915	95	7	he	-PRON-	PRP
29915	95	8	received	receive	VBD
29915	95	9	and	and	CC
29915	95	10	distributed	distribute	VBD
29915	95	11	the	the	DT
29915	95	12	sugar	sugar	NN
29915	95	13	before	before	IN
29915	95	14	the	the	DT
29915	95	15	market	market	NN
29915	95	16	broke	break	VBD
29915	95	17	,	,	,
29915	95	18	the	the	DT
29915	95	19	New	New	NNP
29915	95	20	York	York	NNP
29915	95	21	jobber	jobber	NN
29915	95	22	was	be	VBD
29915	95	23	able	able	JJ
29915	95	24	not	not	RB
29915	95	25	only	only	RB
29915	95	26	to	to	TO
29915	95	27	avoid	avoid	VB
29915	95	28	a	a	DT
29915	95	29	loss	loss	NN
29915	95	30	,	,	,
29915	95	31	but	but	CC
29915	95	32	make	make	VB
29915	95	33	his	-PRON-	PRP$
29915	95	34	regular	regular	JJ
29915	95	35	profit	profit	NN
29915	95	36	.	.	.
29915	96	1	CHART	CHART	NNP
29915	96	2	1	1	CD
29915	96	3	----------------------------------------------------------------------------	----------------------------------------------------------------------------	CD
29915	96	4	HEDGING	hedging	NN
29915	96	5	to	to	TO
29915	96	6	protect	protect	VB
29915	96	7	a	a	DT
29915	96	8	normal	normal	JJ
29915	96	9	jobbing	jobbing	NN
29915	96	10	profit	profit	NN
29915	96	11	by	by	IN
29915	96	12	eliminating	eliminate	VBG
29915	96	13	the	the	DT
29915	96	14	probability	probability	NN
29915	96	15	of	of	IN
29915	96	16	a	a	DT
29915	96	17	speculative	speculative	JJ
29915	96	18	loss	loss	NN
29915	96	19	or	or	CC
29915	96	20	gain	gain	NN
29915	96	21	------------+-----------------------------------------+-----------+---------	------------+-----------------------------------------+-----------+---------	:
29915	96	22	Initial	Initial	NNP
29915	96	23	|	|	NNP
29915	96	24	|	|	NNP
29915	96	25	Transactions|	Transactions|	NNP
29915	96	26	Subsequent	Subsequent	NNP
29915	96	27	Transactions	Transactions	NNPS
29915	96	28	|	|	NNP
29915	96	29	Result	Result	NNP
29915	96	30	------------+-----------+---------------+-----+-------+-----------+---------	------------+-----------+---------------+-----+-------+-----------+---------	NFP
29915	96	31	|Liquidating|	|liquidating|	CD
29915	96	32	Condition	condition	NN
29915	96	33	|Price|	|price|	NN
29915	96	34	Result|	Result|	NNP
29915	96	35	Figure	figure	NN
29915	96	36	|	|	NNP
29915	96	37	In	in	IN
29915	96	38	each	each	DT
29915	96	39	|	|	NNS
29915	96	40	the	the	DT
29915	96	41	hedge	hedge	NN
29915	96	42	|	|	NN
29915	96	43	of	of	IN
29915	96	44	market	market	NN
29915	96	45	|	|	CD
29915	96	46	you	-PRON-	PRP
29915	96	47	|	|	NNP
29915	96	48	of	of	IN
29915	96	49	|	|	HYPH
29915	96	50	your	-PRON-	PRP$
29915	96	51	|	|	CD
29915	96	52	case	case	NN
29915	96	53	|(covering	|(covering	NN
29915	96	54	)	)	-RRB-
29915	96	55	|	|	CD
29915	96	56	when	when	WRB
29915	96	57	you	-PRON-	PRP
29915	96	58	|would|	|would|	VBP
29915	96	59	hedge	hedge	NN
29915	96	60	|	|	HYPH
29915	96	61	sugar	sugar	NN
29915	96	62	|	|	NNP
29915	96	63	the	the	DT
29915	96	64	|	|	CD
29915	96	65	|	|	NNP
29915	96	66	"	"	``
29915	96	67	cover	cover	NN
29915	96	68	"	"	''
29915	96	69	|	|	NNS
29915	96	70	pay	pay	VB
29915	96	71	|	|	CD
29915	96	72	cost	cost	NN
29915	96	73	|	|	CD
29915	96	74	cost	cost	NN
29915	96	75	|	|	CD
29915	96	76	same	same	JJ
29915	96	77	|	|	CD
29915	96	78	|	|	CD
29915	96	79	your	-PRON-	PRP$
29915	96	80	hedge	hedge	NN
29915	96	81	|	|	NNP
29915	96	82	in	in	IN
29915	96	83	|	|	NNP
29915	96	84	this	this	DT
29915	96	85	|	|	NNP
29915	96	86	this	this	DT
29915	96	87	|	|	NNP
29915	96	88	|	|	NNP
29915	96	89	|	|	NNP
29915	96	90	|cover|	|cover|	NNP
29915	96	91	way	way	NN
29915	96	92	|	|	CD
29915	96	93	way	way	NN
29915	96	94	|	|	CD
29915	96	95	|	|	CD
29915	96	96	|	|	CD
29915	96	97	|-ing	|-ing	CD
29915	96	98	|	|	CD
29915	96	99	|	|	CD
29915	96	100	|	|	CD
29915	96	101	------------+-----------+---------------+-----+-------+-----------+---------	------------+-----------+---------------+-----+-------+-----------+---------	NFP
29915	96	102	You	-PRON-	PRP
29915	96	103	buy	buy	VBP
29915	96	104	|	|	NNS
29915	96	105	When	when	WRB
29915	96	106	you	-PRON-	PRP
29915	96	107	|	|	CD
29915	96	108	|	|	CD
29915	96	109	|Profit	|Profit	VBZ
29915	96	110	|Actual	|actual	JJ
29915	96	111	cost|	cost|	NN
29915	96	112	actual	actual	JJ
29915	96	113	sugar|	sugar|	:
29915	96	114	sell	sell	VB
29915	96	115	your	-PRON-	PRP$
29915	96	116	|It	|it	NN
29915	96	117	has	have	VBZ
29915	96	118	declined|	declined|	CD
29915	96	119	|	|	CD
29915	96	120	|less	|less	CD
29915	96	121	profit|	profit|	CD
29915	96	122	at	at	IN
29915	96	123	6.00	6.00	CD
29915	96	124	|	|	NNS
29915	96	125	sugar	sugar	NN
29915	96	126	(	(	-LRB-
29915	96	127	or	or	CC
29915	96	128	|to	|to	CD
29915	96	129	4.00	4.00	CD
29915	96	130	|4.00	|4.00	CD
29915	96	131	|2.00	|2.00	CD
29915	96	132	|6	|6	NNP
29915	96	133	-	-	:
29915	96	134	2=4	2=4	NNP
29915	96	135	|	|	HYPH
29915	96	136	|	|	NNP
29915	96	137	when	when	WRB
29915	96	138	it	-PRON-	PRP
29915	96	139	is|	is|	NNP
29915	96	140	|	|	NNP
29915	96	141	|	|	NNP
29915	96	142	|	|	CD
29915	96	143	|	|	CD
29915	96	144	|	|	CD
29915	96	145	delivered)|	delivered)|	RB
29915	96	146	|	|	NNP
29915	96	147	|	|	NNP
29915	96	148	|	|	CD
29915	96	149	|	|	CD
29915	96	150	|	|	NNS
29915	96	151	you	-PRON-	PRP
29915	96	152	buy	buy	VBP
29915	96	153	|	|	CD
29915	96	154	|	|	CD
29915	96	155	|	|	CD
29915	96	156	|	|	CD
29915	96	157	|You	|you	NN
29915	96	158	get	get	VB
29915	96	159	|	|	NNP
29915	96	160	the	the	DT
29915	96	161	same	same	JJ
29915	96	162	|	|	NNP
29915	96	163	|	|	NNP
29915	96	164	|	|	CD
29915	96	165	|	|	CD
29915	96	166	|your	|your	CD
29915	96	167	|	|	CD
29915	96	168	amount	amount	NN
29915	96	169	of	of	IN
29915	96	170	|	|	NNP
29915	96	171	|	|	NNP
29915	96	172	|	|	CD
29915	96	173	|	|	CD
29915	96	174	|sugar	|sugar	CD
29915	96	175	|	|	NNP
29915	96	176	futures	future	NNS
29915	96	177	at|	at|	NNP
29915	96	178	|	|	NNP
29915	96	179	|	|	NNP
29915	96	180	|	|	NNP
29915	96	181	|at	|at	CD
29915	96	182	the	the	DT
29915	96	183	|	|	NNS
29915	96	184	the	the	DT
29915	96	185	market|	market|	NNP
29915	96	186	|	|	NNP
29915	96	187	|	|	CD
29915	96	188	|	|	CD
29915	96	189	|market	|market	CD
29915	96	190	|	|	CD
29915	96	191	price	price	NN
29915	96	192	,	,	,
29915	96	193	|	|	NNP
29915	96	194	|	|	CD
29915	96	195	|	|	CD
29915	96	196	|	|	CD
29915	96	197	|price	|price	CD
29915	96	198	|	|	NNP
29915	96	199	whether	whether	IN
29915	96	200	|	|	NNP
29915	96	201	|	|	NNP
29915	96	202	|	|	NNP
29915	96	203	|	|	NNP
29915	96	204	|at	|at	CD
29915	96	205	the	the	DT
29915	96	206	|	|	CD
29915	96	207	higher	high	JJR
29915	96	208	or	or	CC
29915	96	209	|	|	NNP
29915	96	210	|	|	NNP
29915	96	211	|	|	CD
29915	96	212	|	|	CD
29915	96	213	|time	|time	CD
29915	96	214	|	|	NN
29915	96	215	lower	lower	RB
29915	96	216	.	.	.
29915	97	1	|	|	NNP
29915	97	2	|	|	NNP
29915	97	3	|	|	CD
29915	97	4	|	|	CD
29915	97	5	|when	|when	JJR
29915	97	6	you	-PRON-	PRP
29915	97	7	|	|	CD
29915	97	8	|	|	CD
29915	97	9	|	|	CD
29915	97	10	|	|	CD
29915	97	11	|	|	CD
29915	97	12	|sell	|sell	CD
29915	97	13	it	-PRON-	PRP
29915	97	14	|	|	CD
29915	97	15	|	|	CD
29915	97	16	|	|	CD
29915	97	17	|	|	CD
29915	97	18	|	|	CD
29915	97	19	|(or	|(or	CD
29915	97	20	when	when	WRB
29915	97	21	At	at	IN
29915	97	22	the	the	DT
29915	97	23	same	same	JJ
29915	97	24	|	|	NNP
29915	97	25	|	|	CD
29915	97	26	|	|	CD
29915	97	27	|	|	CD
29915	97	28	|Actual	|Actual	NNP
29915	97	29	cost|your	cost|your	NNP
29915	97	30	time	time	NN
29915	97	31	you	-PRON-	PRP
29915	97	32	|	|	CD
29915	97	33	|It	|It	NNP
29915	97	34	has	have	VBZ
29915	97	35	advanced|	advanced|	:
29915	97	36	|Loss	|loss	IN
29915	97	37	|plus	|plus	CD
29915	97	38	loss	loss	NN
29915	97	39	|delivery	|delivery	CD
29915	97	40	hedge	hedge	NN
29915	97	41	by	by	IN
29915	97	42	|	|	NNP
29915	97	43	|to	|to	CD
29915	97	44	8.00	8.00	CD
29915	97	45	|8.00	|8.00	CD
29915	97	46	|2.00	|2.00	CD
29915	97	47	|6	|6	NN
29915	97	48	+	+	CC
29915	97	49	2=8	2=8	CD
29915	97	50	|is	|is	CD
29915	97	51	made	make	VBD
29915	97	52	.	.	.
29915	97	53	)	)	-RRB-
29915	98	1	selling	sell	VBG
29915	98	2	the	the	DT
29915	98	3	|	|	NNP
29915	98	4	|	|	NNP
29915	98	5	|	|	CD
29915	98	6	|	|	CD
29915	98	7	|	|	CD
29915	98	8	|	|	CD
29915	98	9	same	same	JJ
29915	98	10	amount	amount	NN
29915	98	11	|	|	CD
29915	98	12	|	|	NNP
29915	98	13	|	|	NNP
29915	98	14	|No	|No	NNP
29915	98	15	|	|	NNP
29915	98	16	|	|	NNP
29915	98	17	of	of	IN
29915	98	18	futures	future	NNS
29915	98	19	|	|	CD
29915	98	20	|It	|It	NNP
29915	98	21	stands	stand	NNS
29915	98	22	at	at	IN
29915	98	23	|	|	NNP
29915	98	24	|profit,|Actual	|profit,|Actual	NNP
29915	98	25	|	|	CD
29915	98	26	at	at	IN
29915	98	27	6.00	6.00	CD
29915	98	28	|	|	NNS
29915	98	29	|6.00	|6.00	CD
29915	98	30	|6.00	|6.00	CD
29915	98	31	|no	|no	CD
29915	98	32	loss|cost	loss|cost	NNP
29915	98	33	|	|	CD
29915	98	34	------------+-----------+---------------+-----+-------+-----------+---------	------------+-----------+---------------+-----+-------+-----------+---------	WP
29915	98	35	Naturally	naturally	RB
29915	98	36	the	the	DT
29915	98	37	greater	great	JJR
29915	98	38	the	the	DT
29915	98	39	amount	amount	NN
29915	98	40	of	of	IN
29915	98	41	sugar	sugar	NN
29915	98	42	any	any	DT
29915	98	43	one	one	CD
29915	98	44	concern	concern	NN
29915	98	45	may	may	MD
29915	98	46	have	have	VB
29915	98	47	in	in	IN
29915	98	48	transit	transit	NN
29915	98	49	the	the	DT
29915	98	50	greater	great	JJR
29915	98	51	the	the	DT
29915	98	52	need	need	NN
29915	98	53	for	for	IN
29915	98	54	protection	protection	NN
29915	98	55	.	.	.
29915	99	1	We	-PRON-	PRP
29915	99	2	call	call	VBP
29915	99	3	this	this	DT
29915	99	4	kind	kind	NN
29915	99	5	of	of	IN
29915	99	6	transaction	transaction	NN
29915	99	7	particularly	particularly	RB
29915	99	8	to	to	IN
29915	99	9	the	the	DT
29915	99	10	attention	attention	NN
29915	99	11	of	of	IN
29915	99	12	buyers	buyer	NNS
29915	99	13	having	have	VBG
29915	99	14	branch	branch	NN
29915	99	15	houses	house	NNS
29915	99	16	who	who	WP
29915	99	17	find	find	VBP
29915	99	18	themselves	-PRON-	PRP
29915	99	19	obliged	oblige	VBN
29915	99	20	to	to	TO
29915	99	21	make	make	VB
29915	99	22	relatively	relatively	RB
29915	99	23	large	large	JJ
29915	99	24	purchases	purchase	NNS
29915	99	25	to	to	TO
29915	99	26	supply	supply	VB
29915	99	27	their	-PRON-	PRP$
29915	99	28	trade	trade	NN
29915	99	29	in	in	IN
29915	99	30	the	the	DT
29915	99	31	face	face	NN
29915	99	32	of	of	IN
29915	99	33	a	a	DT
29915	99	34	market	market	NN
29915	99	35	in	in	IN
29915	99	36	which	which	WDT
29915	99	37	they	-PRON-	PRP
29915	99	38	have	have	VBP
29915	99	39	no	no	DT
29915	99	40	confidence	confidence	NN
29915	99	41	.	.	.
29915	100	1	These	these	DT
29915	100	2	disadvantages	disadvantage	NNS
29915	100	3	at	at	IN
29915	100	4	which	which	WDT
29915	100	5	out	out	RB
29915	100	6	-	-	HYPH
29915	100	7	of	of	IN
29915	100	8	-	-	HYPH
29915	100	9	town	town	NN
29915	100	10	buyers	buyer	NNS
29915	100	11	are	be	VBP
29915	100	12	sometimes	sometimes	RB
29915	100	13	placed	place	VBN
29915	100	14	might	may	MD
29915	100	15	be	be	VB
29915	100	16	overcome	overcome	VBN
29915	100	17	by	by	IN
29915	100	18	using	use	VBG
29915	100	19	the	the	DT
29915	100	20	Exchange	Exchange	NNP
29915	100	21	.	.	.
29915	101	1	On	on	IN
29915	101	2	the	the	DT
29915	101	3	other	other	JJ
29915	101	4	hand	hand	NN
29915	101	5	,	,	,
29915	101	6	when	when	WRB
29915	101	7	refiners	refiner	NNS
29915	101	8	are	be	VBP
29915	101	9	badly	badly	RB
29915	101	10	behind	behind	RB
29915	101	11	on	on	IN
29915	101	12	deliveries	delivery	NNS
29915	101	13	,	,	,
29915	101	14	even	even	RB
29915	101	15	buyers	buyer	NNS
29915	101	16	located	locate	VBN
29915	101	17	at	at	IN
29915	101	18	the	the	DT
29915	101	19	source	source	NN
29915	101	20	of	of	IN
29915	101	21	supply	supply	NN
29915	101	22	will	will	MD
29915	101	23	find	find	VB
29915	101	24	themselves	-PRON-	PRP
29915	101	25	facing	face	VBG
29915	101	26	a	a	DT
29915	101	27	similar	similar	JJ
29915	101	28	problem	problem	NN
29915	101	29	the	the	DT
29915	101	30	solution	solution	NN
29915	101	31	of	of	IN
29915	101	32	which	which	WDT
29915	101	33	may	may	MD
29915	101	34	be	be	VB
29915	101	35	found	find	VBN
29915	101	36	in	in	IN
29915	101	37	a	a	DT
29915	101	38	use	use	NN
29915	101	39	of	of	IN
29915	101	40	the	the	DT
29915	101	41	Exchange	Exchange	NNP
29915	101	42	.	.	.
29915	102	1	It	-PRON-	PRP
29915	102	2	is	be	VBZ
29915	102	3	therefore	therefore	RB
29915	102	4	evident	evident	JJ
29915	102	5	that	that	IN
29915	102	6	the	the	DT
29915	102	7	selling	selling	NN
29915	102	8	of	of	IN
29915	102	9	futures	future	NNS
29915	102	10	may	may	MD
29915	102	11	be	be	VB
29915	102	12	a	a	DT
29915	102	13	transaction	transaction	NN
29915	102	14	the	the	DT
29915	102	15	_	_	NNP
29915	102	16	sole	sole	NNP
29915	102	17	_	_	NNP
29915	102	18	purpose	purpose	NN
29915	102	19	of	of	IN
29915	102	20	which	which	WDT
29915	102	21	is	be	VBZ
29915	102	22	to	to	TO
29915	102	23	eliminate	eliminate	VB
29915	102	24	speculation	speculation	NN
29915	102	25	from	from	IN
29915	102	26	a	a	DT
29915	102	27	jobber	jobber	NNP
29915	102	28	's	's	POS
29915	102	29	business	business	NN
29915	102	30	.	.	.
29915	103	1	Regardless	regardless	RB
29915	103	2	of	of	IN
29915	103	3	how	how	WRB
29915	103	4	careful	careful	JJ
29915	103	5	a	a	DT
29915	103	6	buyer	buyer	NN
29915	103	7	may	may	MD
29915	103	8	be	be	VB
29915	103	9	,	,	,
29915	103	10	there	there	EX
29915	103	11	is	be	VBZ
29915	103	12	an	an	DT
29915	103	13	element	element	NN
29915	103	14	of	of	IN
29915	103	15	_	_	NNP
29915	103	16	speculation	speculation	NN
29915	103	17	in	in	IN
29915	103	18	each	each	DT
29915	103	19	purchase	purchase	NN
29915	103	20	of	of	IN
29915	103	21	actual	actual	JJ
29915	103	22	sugar	sugar	NN
29915	103	23	_	_	NNP
29915	103	24	.	.	.
29915	104	1	If	if	IN
29915	104	2	the	the	DT
29915	104	3	price	price	NN
29915	104	4	goes	go	VBZ
29915	104	5	up	up	RB
29915	104	6	,	,	,
29915	104	7	there	there	EX
29915	104	8	is	be	VBZ
29915	104	9	a	a	DT
29915	104	10	speculative	speculative	JJ
29915	104	11	gain	gain	NN
29915	104	12	--	--	:
29915	104	13	the	the	DT
29915	104	14	sugar	sugar	NN
29915	104	15	is	be	VBZ
29915	104	16	worth	worth	JJ
29915	104	17	more	more	JJR
29915	104	18	.	.	.
29915	105	1	But	but	CC
29915	105	2	if	if	IN
29915	105	3	the	the	DT
29915	105	4	price	price	NN
29915	105	5	goes	go	VBZ
29915	105	6	down	down	RP
29915	105	7	,	,	,
29915	105	8	the	the	DT
29915	105	9	buyer	buyer	NN
29915	105	10	sustains	sustain	VBZ
29915	105	11	a	a	DT
29915	105	12	speculative	speculative	JJ
29915	105	13	loss	loss	NN
29915	105	14	.	.	.
29915	106	1	The	the	DT
29915	106	2	measure	measure	NN
29915	106	3	of	of	IN
29915	106	4	protection	protection	NN
29915	106	5	afforded	afford	VBN
29915	106	6	by	by	IN
29915	106	7	the	the	DT
29915	106	8	Exchange	Exchange	NNP
29915	106	9	will	will	MD
29915	106	10	appeal	appeal	VB
29915	106	11	to	to	IN
29915	106	12	those	those	DT
29915	106	13	jobbers	jobber	NNS
29915	106	14	who	who	WP
29915	106	15	wish	wish	VBP
29915	106	16	to	to	TO
29915	106	17	reduce	reduce	VB
29915	106	18	the	the	DT
29915	106	19	speculative	speculative	JJ
29915	106	20	element	element	NN
29915	106	21	in	in	IN
29915	106	22	their	-PRON-	PRP$
29915	106	23	business	business	NN
29915	106	24	.	.	.
29915	107	1	In	in	IN
29915	107	2	the	the	DT
29915	107	3	example	example	NN
29915	107	4	immediately	immediately	RB
29915	107	5	following	follow	VBG
29915	107	6	,	,	,
29915	107	7	as	as	IN
29915	107	8	in	in	IN
29915	107	9	all	all	DT
29915	107	10	others	other	NNS
29915	107	11	,	,	,
29915	107	12	we	-PRON-	PRP
29915	107	13	have	have	VBP
29915	107	14	not	not	RB
29915	107	15	taken	take	VBN
29915	107	16	into	into	IN
29915	107	17	consideration	consideration	NN
29915	107	18	the	the	DT
29915	107	19	difference	difference	NN
29915	107	20	between	between	IN
29915	107	21	the	the	DT
29915	107	22	Exchange	Exchange	NNP
29915	107	23	quotations	quotation	NNS
29915	107	24	and	and	CC
29915	107	25	the	the	DT
29915	107	26	Seaboard	Seaboard	NNP
29915	107	27	Refiners	Refiners	NNPS
29915	107	28	'	'	POS
29915	107	29	quotations	quotation	NNS
29915	107	30	,	,	,
29915	107	31	which	which	WDT
29915	107	32	is	be	VBZ
29915	107	33	explained	explain	VBN
29915	107	34	on	on	IN
29915	107	35	page	page	NN
29915	107	36	38	38	CD
29915	107	37	.	.	.
29915	108	1	This	this	DT
29915	108	2	would	would	MD
29915	108	3	simply	simply	RB
29915	108	4	inject	inject	VB
29915	108	5	an	an	DT
29915	108	6	unnecessary	unnecessary	JJ
29915	108	7	complication	complication	NN
29915	108	8	,	,	,
29915	108	9	and	and	CC
29915	108	10	would	would	MD
29915	108	11	be	be	VB
29915	108	12	of	of	IN
29915	108	13	no	no	DT
29915	108	14	particular	particular	JJ
29915	108	15	advantage	advantage	NN
29915	108	16	for	for	IN
29915	108	17	purposes	purpose	NNS
29915	108	18	of	of	IN
29915	108	19	illustration	illustration	NN
29915	108	20	.	.	.
29915	109	1	Suppose	suppose	VB
29915	109	2	you	-PRON-	PRP
29915	109	3	should	should	MD
29915	109	4	buy	buy	VB
29915	109	5	through	through	IN
29915	109	6	your	-PRON-	PRP$
29915	109	7	broker	broker	NN
29915	109	8	from	from	IN
29915	109	9	a	a	DT
29915	109	10	refiner	refiner	NN
29915	109	11	,	,	,
29915	109	12	for	for	IN
29915	109	13	prompt	prompt	JJ
29915	109	14	shipment	shipment	NN
29915	109	15	,	,	,
29915	109	16	an	an	DT
29915	109	17	amount	amount	NN
29915	109	18	of	of	IN
29915	109	19	_	_	NNP
29915	109	20	actual	actual	JJ
29915	109	21	_	_	NNP
29915	109	22	sugar	sugar	NN
29915	109	23	at	at	IN
29915	109	24	6.00	6.00	CD
29915	109	25	,	,	,
29915	109	26	which	which	WDT
29915	109	27	you	-PRON-	PRP
29915	109	28	plan	plan	VBP
29915	109	29	to	to	TO
29915	109	30	sell	sell	VB
29915	109	31	within	within	IN
29915	109	32	a	a	DT
29915	109	33	short	short	JJ
29915	109	34	time	time	NN
29915	109	35	after	after	IN
29915	109	36	its	-PRON-	PRP$
29915	109	37	receipt	receipt	NN
29915	109	38	.	.	.
29915	110	1	Instead	instead	RB
29915	110	2	of	of	IN
29915	110	3	worrying	worry	VBG
29915	110	4	about	about	IN
29915	110	5	subsequent	subsequent	JJ
29915	110	6	sugar	sugar	NN
29915	110	7	price	price	NN
29915	110	8	fluctuations	fluctuation	NNS
29915	110	9	,	,	,
29915	110	10	you	-PRON-	PRP
29915	110	11	simultaneously	simultaneously	RB
29915	110	12	hedge	hedge	VBP
29915	110	13	this	this	DT
29915	110	14	purchase	purchase	NN
29915	110	15	by	by	IN
29915	110	16	_	_	NNP
29915	110	17	selling	sell	VBG
29915	110	18	_	_	NNP
29915	110	19	futures	future	NNS
29915	110	20	in	in	IN
29915	110	21	the	the	DT
29915	110	22	same	same	JJ
29915	110	23	amount	amount	NN
29915	110	24	on	on	IN
29915	110	25	the	the	DT
29915	110	26	Exchange	Exchange	NNP
29915	110	27	.	.	.
29915	111	1	The	the	DT
29915	111	2	price	price	NN
29915	111	3	at	at	IN
29915	111	4	which	which	WDT
29915	111	5	you	-PRON-	PRP
29915	111	6	buy	buy	VBP
29915	111	7	actual	actual	JJ
29915	111	8	sugar	sugar	NN
29915	111	9	and	and	CC
29915	111	10	the	the	DT
29915	111	11	price	price	NN
29915	111	12	at	at	IN
29915	111	13	which	which	WDT
29915	111	14	you	-PRON-	PRP
29915	111	15	sell	sell	VBP
29915	111	16	futures	future	NNS
29915	111	17	should	should	MD
29915	111	18	be	be	VB
29915	111	19	relatively	relatively	RB
29915	111	20	the	the	DT
29915	111	21	same	same	JJ
29915	111	22	,	,	,
29915	111	23	since	since	IN
29915	111	24	Exchange	Exchange	NNP
29915	111	25	prices	price	NNS
29915	111	26	generally	generally	RB
29915	111	27	reflect	reflect	VBP
29915	111	28	refiners	refiner	NNS
29915	111	29	'	'	POS
29915	111	30	prices	price	NNS
29915	111	31	.	.	.
29915	112	1	You	-PRON-	PRP
29915	112	2	should	should	MD
29915	112	3	be	be	VB
29915	112	4	able	able	JJ
29915	112	5	to	to	TO
29915	112	6	figure	figure	VB
29915	112	7	the	the	DT
29915	112	8	cost	cost	NN
29915	112	9	of	of	IN
29915	112	10	your	-PRON-	PRP$
29915	112	11	sugar	sugar	NN
29915	112	12	at	at	IN
29915	112	13	about	about	IN
29915	112	14	the	the	DT
29915	112	15	market	market	NN
29915	112	16	price	price	NN
29915	112	17	at	at	IN
29915	112	18	the	the	DT
29915	112	19	time	time	NN
29915	112	20	it	-PRON-	PRP
29915	112	21	is	be	VBZ
29915	112	22	received	receive	VBN
29915	112	23	or	or	CC
29915	112	24	sold	sell	VBN
29915	112	25	.	.	.
29915	113	1	(	(	-LRB-
29915	113	2	See	see	VB
29915	113	3	Chart	Chart	NNP
29915	113	4	1	1	CD
29915	113	5	.	.	.
29915	113	6	)	)	-RRB-
29915	114	1	If	if	IN
29915	114	2	the	the	DT
29915	114	3	price	price	NN
29915	114	4	of	of	IN
29915	114	5	sugar	sugar	NN
29915	114	6	should	should	MD
29915	114	7	go	go	VB
29915	114	8	down	down	RB
29915	114	9	to	to	IN
29915	114	10	4.00	4.00	CD
29915	114	11	at	at	IN
29915	114	12	about	about	IN
29915	114	13	the	the	DT
29915	114	14	time	time	NN
29915	114	15	when	when	WRB
29915	114	16	you	-PRON-	PRP
29915	114	17	sell	sell	VBP
29915	114	18	it	-PRON-	PRP
29915	114	19	,	,	,
29915	114	20	your	-PRON-	PRP$
29915	114	21	actual	actual	JJ
29915	114	22	sugar	sugar	NN
29915	114	23	,	,	,
29915	114	24	for	for	IN
29915	114	25	which	which	WDT
29915	114	26	you	-PRON-	PRP
29915	114	27	contracted	contract	VBD
29915	114	28	to	to	TO
29915	114	29	pay	pay	VB
29915	114	30	6.00	6.00	CD
29915	114	31	,	,	,
29915	114	32	would	would	MD
29915	114	33	be	be	VB
29915	114	34	worth	worth	JJ
29915	114	35	only	only	RB
29915	114	36	4.00	4.00	CD
29915	114	37	;	;	:
29915	114	38	but	but	CC
29915	114	39	you	-PRON-	PRP
29915	114	40	would	would	MD
29915	114	41	then	then	RB
29915	114	42	buy	buy	VB
29915	114	43	to	to	TO
29915	114	44	cover	cover	VB
29915	114	45	your	-PRON-	PRP$
29915	114	46	futures	future	NNS
29915	114	47	sale	sale	NN
29915	114	48	,	,	,
29915	114	49	making	make	VBG
29915	114	50	2.00	2.00	CD
29915	114	51	on	on	IN
29915	114	52	this	this	DT
29915	114	53	transaction	transaction	NN
29915	114	54	,	,	,
29915	114	55	which	which	WDT
29915	114	56	,	,	,
29915	114	57	subtracted	subtract	VBD
29915	114	58	from	from	IN
29915	114	59	the	the	DT
29915	114	60	price	price	NN
29915	114	61	you	-PRON-	PRP
29915	114	62	paid	pay	VBD
29915	114	63	(	(	-LRB-
29915	114	64	6.00	6.00	CD
29915	114	65	)	)	-RRB-
29915	114	66	,	,	,
29915	114	67	brings	bring	VBZ
29915	114	68	the	the	DT
29915	114	69	cost	cost	NN
29915	114	70	down	down	RP
29915	114	71	to	to	IN
29915	114	72	the	the	DT
29915	114	73	market	market	NN
29915	114	74	price	price	NN
29915	114	75	of	of	IN
29915	114	76	4.00	4.00	CD
29915	114	77	.	.	.
29915	115	1	In	in	IN
29915	115	2	other	other	JJ
29915	115	3	words	word	NNS
29915	115	4	,	,	,
29915	115	5	you	-PRON-	PRP
29915	115	6	have	have	VBP
29915	115	7	accomplished	accomplish	VBN
29915	115	8	your	-PRON-	PRP$
29915	115	9	purpose	purpose	NN
29915	115	10	of	of	IN
29915	115	11	being	be	VBG
29915	115	12	able	able	JJ
29915	115	13	to	to	TO
29915	115	14	figure	figure	VB
29915	115	15	your	-PRON-	PRP$
29915	115	16	sugar	sugar	NN
29915	115	17	cost	cost	NN
29915	115	18	at	at	IN
29915	115	19	the	the	DT
29915	115	20	market	market	NN
29915	115	21	price	price	NN
29915	115	22	at	at	IN
29915	115	23	the	the	DT
29915	115	24	time	time	NN
29915	115	25	when	when	WRB
29915	115	26	you	-PRON-	PRP
29915	115	27	received	receive	VBD
29915	115	28	it	-PRON-	PRP
29915	115	29	(	(	-LRB-
29915	115	30	or	or	CC
29915	115	31	at	at	IN
29915	115	32	the	the	DT
29915	115	33	time	time	NN
29915	115	34	you	-PRON-	PRP
29915	115	35	sell	sell	VBP
29915	115	36	it	-PRON-	PRP
29915	115	37	)	)	-RRB-
29915	115	38	.	.	.
29915	116	1	That	that	RB
29915	116	2	is	is	RB
29915	116	3	,	,	,
29915	116	4	although	although	IN
29915	116	5	every	every	DT
29915	116	6	pound	pound	NN
29915	116	7	of	of	IN
29915	116	8	actual	actual	JJ
29915	116	9	sugar	sugar	NN
29915	116	10	was	be	VBD
29915	116	11	sold	sell	VBN
29915	116	12	at	at	IN
29915	116	13	a	a	DT
29915	116	14	loss	loss	NN
29915	116	15	,	,	,
29915	116	16	this	this	DT
29915	116	17	loss	loss	NN
29915	116	18	was	be	VBD
29915	116	19	balanced	balance	VBN
29915	116	20	by	by	IN
29915	116	21	the	the	DT
29915	116	22	profit	profit	NN
29915	116	23	from	from	IN
29915	116	24	your	-PRON-	PRP$
29915	116	25	hedge	hedge	NN
29915	116	26	.	.	.
29915	117	1	If	if	IN
29915	117	2	,	,	,
29915	117	3	on	on	IN
29915	117	4	the	the	DT
29915	117	5	other	other	JJ
29915	117	6	hand	hand	NN
29915	117	7	,	,	,
29915	117	8	the	the	DT
29915	117	9	market	market	NN
29915	117	10	should	should	MD
29915	117	11	advance	advance	VB
29915	117	12	to	to	IN
29915	117	13	8.00	8.00	CD
29915	117	14	after	after	IN
29915	117	15	your	-PRON-	PRP$
29915	117	16	original	original	JJ
29915	117	17	purchase	purchase	NN
29915	117	18	and	and	CC
29915	117	19	hedge	hedge	NN
29915	117	20	at	at	IN
29915	117	21	6.00	6.00	CD
29915	117	22	,	,	,
29915	117	23	the	the	DT
29915	117	24	value	value	NN
29915	117	25	of	of	IN
29915	117	26	your	-PRON-	PRP$
29915	117	27	actual	actual	JJ
29915	117	28	sugar	sugar	NN
29915	117	29	would	would	MD
29915	117	30	be	be	VB
29915	117	31	increased	increase	VBN
29915	117	32	by	by	IN
29915	117	33	2.00	2.00	CD
29915	117	34	.	.	.
29915	118	1	You	-PRON-	PRP
29915	118	2	would	would	MD
29915	118	3	then	then	RB
29915	118	4	buy	buy	VB
29915	118	5	futures	future	NNS
29915	118	6	at	at	IN
29915	118	7	8.00	8.00	CD
29915	118	8	to	to	TO
29915	118	9	cover	cover	VB
29915	118	10	your	-PRON-	PRP$
29915	118	11	short	short	JJ
29915	118	12	sale	sale	NN
29915	118	13	at	at	IN
29915	118	14	6.00	6.00	CD
29915	118	15	,	,	,
29915	118	16	netting	net	VBG
29915	118	17	a	a	DT
29915	118	18	loss	loss	NN
29915	118	19	thereby	thereby	RB
29915	118	20	of	of	IN
29915	118	21	2.00	2.00	CD
29915	118	22	.	.	.
29915	119	1	This	this	DT
29915	119	2	loss	loss	NN
29915	119	3	would	would	MD
29915	119	4	be	be	VB
29915	119	5	added	add	VBN
29915	119	6	to	to	IN
29915	119	7	your	-PRON-	PRP$
29915	119	8	original	original	JJ
29915	119	9	cost	cost	NN
29915	119	10	of	of	IN
29915	119	11	6.00	6.00	CD
29915	119	12	,	,	,
29915	119	13	making	make	VBG
29915	119	14	your	-PRON-	PRP$
29915	119	15	actual	actual	JJ
29915	119	16	sugar	sugar	NN
29915	119	17	cost	cost	NN
29915	119	18	8.00	8.00	CD
29915	119	19	,	,	,
29915	119	20	which	which	WDT
29915	119	21	is	be	VBZ
29915	119	22	the	the	DT
29915	119	23	market	market	NN
29915	119	24	price	price	NN
29915	119	25	at	at	IN
29915	119	26	the	the	DT
29915	119	27	time	time	NN
29915	119	28	.	.	.
29915	120	1	Had	have	VBD
29915	120	2	you	-PRON-	PRP
29915	120	3	omitted	omit	VBN
29915	120	4	the	the	DT
29915	120	5	hedge	hedge	NN
29915	120	6	,	,	,
29915	120	7	your	-PRON-	PRP$
29915	120	8	sugar	sugar	NN
29915	120	9	would	would	MD
29915	120	10	have	have	VB
29915	120	11	cost	cost	VBN
29915	120	12	you	-PRON-	PRP
29915	120	13	only	only	RB
29915	120	14	6.00	6.00	CD
29915	120	15	,	,	,
29915	120	16	but	but	CC
29915	120	17	,	,	,
29915	120	18	in	in	IN
29915	120	19	this	this	DT
29915	120	20	example	example	NN
29915	120	21	we	-PRON-	PRP
29915	120	22	are	be	VBP
29915	120	23	assuming	assume	VBG
29915	120	24	that	that	IN
29915	120	25	you	-PRON-	PRP
29915	120	26	would	would	MD
29915	120	27	sell	sell	VB
29915	120	28	only	only	RB
29915	120	29	when	when	WRB
29915	120	30	you	-PRON-	PRP
29915	120	31	were	be	VBD
29915	120	32	willing	willing	JJ
29915	120	33	to	to	TO
29915	120	34	figure	figure	VB
29915	120	35	your	-PRON-	PRP$
29915	120	36	sugar	sugar	NN
29915	120	37	cost	cost	NN
29915	120	38	at	at	IN
29915	120	39	the	the	DT
29915	120	40	market	market	NN
29915	120	41	price	price	NN
29915	120	42	.	.	.
29915	121	1	This	this	DT
29915	121	2	you	-PRON-	PRP
29915	121	3	have	have	VBP
29915	121	4	accomplished	accomplish	VBN
29915	121	5	by	by	IN
29915	121	6	foregoing	forego	VBG
29915	121	7	the	the	DT
29915	121	8	speculative	speculative	JJ
29915	121	9	profit	profit	NN
29915	121	10	you	-PRON-	PRP
29915	121	11	_	_	NNP
29915	121	12	might	may	MD
29915	121	13	_	_	NNP
29915	121	14	have	have	VB
29915	121	15	made	make	VBN
29915	121	16	in	in	IN
29915	121	17	favor	favor	NN
29915	121	18	of	of	IN
29915	121	19	your	-PRON-	PRP$
29915	121	20	normal	normal	JJ
29915	121	21	jobbing	jobbing	NN
29915	121	22	profit	profit	NN
29915	121	23	.	.	.
29915	122	1	If	if	IN
29915	122	2	the	the	DT
29915	122	3	market	market	NN
29915	122	4	should	should	MD
29915	122	5	remain	remain	VB
29915	122	6	relatively	relatively	RB
29915	122	7	stable	stable	JJ
29915	122	8	you	-PRON-	PRP
29915	122	9	would	would	MD
29915	122	10	buy	buy	VB
29915	122	11	to	to	TO
29915	122	12	cover	cover	VB
29915	122	13	your	-PRON-	PRP$
29915	122	14	hedge	hedge	NN
29915	122	15	at	at	IN
29915	122	16	approximately	approximately	RB
29915	122	17	the	the	DT
29915	122	18	same	same	JJ
29915	122	19	price	price	NN
29915	122	20	as	as	IN
29915	122	21	you	-PRON-	PRP
29915	122	22	sold	sell	VBD
29915	122	23	for	for	IN
29915	122	24	,	,	,
29915	122	25	your	-PRON-	PRP$
29915	122	26	gain	gain	NN
29915	122	27	or	or	CC
29915	122	28	loss	loss	NN
29915	122	29	being	be	VBG
29915	122	30	practically	practically	RB
29915	122	31	nothing	nothing	NN
29915	122	32	.	.	.
29915	123	1	In	in	IN
29915	123	2	other	other	JJ
29915	123	3	words	word	NNS
29915	123	4	,	,	,
29915	123	5	you	-PRON-	PRP
29915	123	6	would	would	MD
29915	123	7	obtain	obtain	VB
29915	123	8	sugar	sugar	NN
29915	123	9	at	at	IN
29915	123	10	the	the	DT
29915	123	11	market	market	NN
29915	123	12	price	price	NN
29915	123	13	,	,	,
29915	123	14	which	which	WDT
29915	123	15	is	be	VBZ
29915	123	16	the	the	DT
29915	123	17	purpose	purpose	NN
29915	123	18	in	in	IN
29915	123	19	this	this	DT
29915	123	20	kind	kind	NN
29915	123	21	of	of	IN
29915	123	22	a	a	DT
29915	123	23	hedge	hedge	NN
29915	123	24	.	.	.
29915	124	1	HEDGING	HEDGING	NNP
29915	124	2	_	_	NNP
29915	124	3	to	to	TO
29915	124	4	protect	protect	VB
29915	124	5	a	a	DT
29915	124	6	gain	gain	NN
29915	124	7	on	on	IN
29915	124	8	a	a	DT
29915	124	9	favorable	favorable	JJ
29915	124	10	purchase	purchase	NN
29915	124	11	of	of	IN
29915	124	12	actual	actual	JJ
29915	124	13	sugar	sugar	NN
29915	124	14	_	_	NNP
29915	124	15	.	.	.
29915	125	1	All	all	DT
29915	125	2	sugar	sugar	NN
29915	125	3	buyers	buyer	NNS
29915	125	4	have	have	VBP
29915	125	5	had	have	VBN
29915	125	6	the	the	DT
29915	125	7	experience	experience	NN
29915	125	8	of	of	IN
29915	125	9	buying	buy	VBG
29915	125	10	actual	actual	JJ
29915	125	11	sugar	sugar	NN
29915	125	12	,	,	,
29915	125	13	only	only	RB
29915	125	14	to	to	TO
29915	125	15	see	see	VB
29915	125	16	it	-PRON-	PRP
29915	125	17	advance	advance	VB
29915	125	18	or	or	CC
29915	125	19	decline	decline	VB
29915	125	20	before	before	IN
29915	125	21	they	-PRON-	PRP
29915	125	22	have	have	VBP
29915	125	23	disposed	dispose	VBN
29915	125	24	of	of	IN
29915	125	25	it	-PRON-	PRP
29915	125	26	.	.	.
29915	126	1	How	how	WRB
29915	126	2	to	to	TO
29915	126	3	protect	protect	VB
29915	126	4	the	the	DT
29915	126	5	gain	gain	NN
29915	126	6	,	,	,
29915	126	7	or	or	CC
29915	126	8	minimize	minimize	VB
29915	126	9	the	the	DT
29915	126	10	loss	loss	NN
29915	126	11	,	,	,
29915	126	12	is	be	VBZ
29915	126	13	described	describe	VBN
29915	126	14	in	in	IN
29915	126	15	the	the	DT
29915	126	16	two	two	CD
29915	126	17	hedging	hedging	NN
29915	126	18	positions	position	NNS
29915	126	19	which	which	WDT
29915	126	20	we	-PRON-	PRP
29915	126	21	now	now	RB
29915	126	22	discuss	discuss	VBP
29915	126	23	.	.	.
29915	127	1	Suppose	suppose	VB
29915	127	2	you	-PRON-	PRP
29915	127	3	have	have	VBP
29915	127	4	bought	buy	VBN
29915	127	5	sugar	sugar	NN
29915	127	6	,	,	,
29915	127	7	have	have	VBP
29915	127	8	_	_	NNP
29915	127	9	not	not	RB
29915	127	10	_	_	NNP
29915	127	11	hedged	hedge	VBD
29915	127	12	against	against	IN
29915	127	13	it	-PRON-	PRP
29915	127	14	,	,	,
29915	127	15	and	and	CC
29915	127	16	have	have	VBP
29915	127	17	seen	see	VBN
29915	127	18	it	-PRON-	PRP
29915	127	19	advance	advance	JJ
29915	127	20	.	.	.
29915	128	1	Finally	finally	RB
29915	128	2	you	-PRON-	PRP
29915	128	3	have	have	VBP
29915	128	4	said	say	VBD
29915	128	5	,	,	,
29915	128	6	"	"	``
29915	128	7	I	-PRON-	PRP
29915	128	8	think	think	VBP
29915	128	9	sugar	sugar	NN
29915	128	10	is	be	VBZ
29915	128	11	about	about	RB
29915	128	12	as	as	RB
29915	128	13	high	high	JJ
29915	128	14	as	as	IN
29915	128	15	it	-PRON-	PRP
29915	128	16	is	be	VBZ
29915	128	17	going	go	VBG
29915	128	18	.	.	.
29915	129	1	I	-PRON-	PRP
29915	129	2	am	be	VBP
29915	129	3	going	go	VBG
29915	129	4	to	to	TO
29915	129	5	sell	sell	VB
29915	129	6	against	against	IN
29915	129	7	that	that	DT
29915	129	8	to	to	TO
29915	129	9	protect	protect	VB
29915	129	10	that	that	DT
29915	129	11	profit	profit	NN
29915	129	12	.	.	.
29915	129	13	"	"	''
29915	130	1	On	on	IN
29915	130	2	the	the	DT
29915	130	3	other	other	JJ
29915	130	4	hand	hand	NN
29915	130	5	,	,	,
29915	130	6	the	the	DT
29915	130	7	reverse	reverse	NN
29915	130	8	might	may	MD
29915	130	9	be	be	VB
29915	130	10	the	the	DT
29915	130	11	case	case	NN
29915	130	12	.	.	.
29915	131	1	You	-PRON-	PRP
29915	131	2	might	may	MD
29915	131	3	find	find	VB
29915	131	4	the	the	DT
29915	131	5	market	market	NN
29915	131	6	going	go	VBG
29915	131	7	down	down	RB
29915	131	8	,	,	,
29915	131	9	and	and	CC
29915	131	10	say	say	VB
29915	131	11	,	,	,
29915	131	12	"	"	``
29915	131	13	The	the	DT
29915	131	14	market	market	NN
29915	131	15	is	be	VBZ
29915	131	16	going	go	VBG
29915	131	17	lower	low	JJR
29915	131	18	.	.	.
29915	132	1	I	-PRON-	PRP
29915	132	2	want	want	VBP
29915	132	3	to	to	TO
29915	132	4	hedge	hedge	VB
29915	132	5	against	against	IN
29915	132	6	that	that	DT
29915	132	7	,	,	,
29915	132	8	and	and	CC
29915	132	9	limit	limit	VB
29915	132	10	my	-PRON-	PRP$
29915	132	11	loss	loss	NN
29915	132	12	to	to	IN
29915	132	13	a	a	DT
29915	132	14	definite	definite	JJ
29915	132	15	amount	amount	NN
29915	132	16	.	.	.
29915	132	17	"	"	''
29915	133	1	CHART	CHART	NNP
29915	133	2	2	2	CD
29915	133	3	----------------------------------------------------------------------------	----------------------------------------------------------------------------	CD
29915	133	4	HEDGING	hedging	NN
29915	133	5	to	to	TO
29915	133	6	protect	protect	VB
29915	133	7	a	a	DT
29915	133	8	gain	gain	NN
29915	133	9	on	on	IN
29915	133	10	a	a	DT
29915	133	11	favorable	favorable	JJ
29915	133	12	purchase	purchase	NN
29915	133	13	of	of	IN
29915	133	14	actual	actual	JJ
29915	133	15	sugar	sugar	NN
29915	133	16	--------------+-----------------------------------------+----------+--------	--------------+-----------------------------------------+----------+--------	:
29915	133	17	Initial	Initial	NNP
29915	133	18	|	|	NNP
29915	133	19	|	|	NNP
29915	133	20	Transactions	Transactions	NNPS
29915	133	21	|	|	NNP
29915	133	22	Subsequent	Subsequent	NNP
29915	133	23	Transactions	Transactions	NNPS
29915	133	24	|	|	NNP
29915	133	25	Result	Result	NNP
29915	133	26	--------------+--------+----------+---------+-----------+----------+--------	--------------+--------+----------+---------+-----------+----------+--------	HYPH
29915	133	27	|	|	NNP
29915	133	28	Hedge	Hedge	NNP
29915	133	29	|Condition	|Condition	NNP
29915	133	30	|Price	|Price	NNS
29915	133	31	you|	you|	NNP
29915	133	32	Result	Result	NNP
29915	133	33	of	of	IN
29915	133	34	|	|	NNP
29915	133	35	Figure	Figure	NNP
29915	133	36	|	|	NNP
29915	133	37	In	in	IN
29915	133	38	|	|	NNP
29915	133	39	|of	|of	NNP
29915	133	40	market	market	NN
29915	133	41	|	|	NNS
29915	133	42	pay	pay	VBP
29915	133	43	for	for	IN
29915	133	44	|	|	CD
29915	133	45	hedge	hedge	NN
29915	133	46	and	and	CC
29915	133	47	|	|	CD
29915	133	48	actual	actual	JJ
29915	133	49	|	|	NNP
29915	133	50	each	each	DT
29915	133	51	|	|	CD
29915	133	52	|	|	CD
29915	133	53	when	when	WRB
29915	133	54	you	-PRON-	PRP
29915	133	55	|	|	CD
29915	133	56	futures	future	NNS
29915	133	57	|	|	CD
29915	133	58	covering	cover	VBG
29915	133	59	|	|	CD
29915	133	60	sugar	sugar	NN
29915	133	61	|	|	HYPH
29915	133	62	case	case	NN
29915	133	63	|	|	CD
29915	133	64	|	|	CD
29915	133	65	"	"	``
29915	133	66	cover	cover	NN
29915	133	67	"	"	''
29915	133	68	|	|	CD
29915	133	69	to	to	TO
29915	133	70	cover|	cover|	ADD
29915	133	71	operation	operation	NN
29915	133	72	|	|	CD
29915	133	73	cost	cost	VBD
29915	133	74	|	|	CD
29915	133	75	the	the	DT
29915	133	76	|	|	CD
29915	133	77	|your	|your	CD
29915	133	78	hedge|	hedge|	NNP
29915	133	79	hedge	hedge	NN
29915	133	80	|	|	NNP
29915	133	81	|	|	NNP
29915	133	82	this	this	DT
29915	133	83	way	way	NN
29915	133	84	|	|	HYPH
29915	133	85	same	same	JJ
29915	133	86	--------------+--------+----------+---------+-----------+----------+---------	--------------+--------+----------+---------+-----------+----------+---------	.
29915	133	87	You	-PRON-	PRP
29915	133	88	buy	buy	VBP
29915	133	89	actual|	actual|	NNP
29915	133	90	|	|	NNP
29915	133	91	|	|	NNP
29915	133	92	|	|	CD
29915	133	93	|Price	|price	NN
29915	133	94	paid|	paid|	NN
29915	133	95	sugar	sugar	NN
29915	133	96	at	at	IN
29915	133	97	6.00,|	6.00,|	CD
29915	133	98	|	|	NNP
29915	133	99	|	|	CD
29915	133	100	|	|	NNP
29915	133	101	|for	|for	IN
29915	133	102	actual|	actual|	NN
29915	133	103	but	but	CC
29915	133	104	before	before	IN
29915	133	105	you|	you|	NN
29915	133	106	|It	|It	NNP
29915	133	107	has	have	VBZ
29915	133	108	|	|	CD
29915	133	109	|	|	CD
29915	133	110	|sugar	|sugar	NNS
29915	133	111	less|Your	less|Your	,
29915	133	112	have	have	VBP
29915	133	113	received	receive	VBN
29915	133	114	|	|	CD
29915	133	115	|declined	|declined	CD
29915	133	116	|	|	CD
29915	133	117	|	|	CD
29915	133	118	|hedging	|hedging	SYM
29915	133	119	|sugar	|sugar	VBD
29915	133	120	it	-PRON-	PRP
29915	133	121	(	(	-LRB-
29915	133	122	or	or	CC
29915	133	123	before	before	IN
29915	133	124	|	|	NNP
29915	133	125	|to	|to	CD
29915	133	126	|	|	CD
29915	133	127	|A	|a	CD
29915	133	128	profit	profit	NN
29915	133	129	|profit	|profit	CD
29915	133	130	|cost	|cost	CD
29915	133	131	you	-PRON-	PRP
29915	133	132	sell	sell	VBP
29915	133	133	it	-PRON-	PRP
29915	133	134	)	)	-RRB-
29915	133	135	|	|	CD
29915	133	136	|6.00	|6.00	CD
29915	133	137	|	|	CD
29915	133	138	6.00	6.00	CD
29915	133	139	|of	|of	CD
29915	133	140	2.00	2.00	CD
29915	133	141	|6	|6	CC
29915	133	142	-	-	:
29915	133	143	2=4.00	2=4.00	CD
29915	133	144	|is	|is	CD
29915	133	145	the	the	DT
29915	133	146	price	price	NN
29915	133	147	|	|	CD
29915	133	148	|	|	CD
29915	133	149	|	|	CD
29915	133	150	|	|	CD
29915	133	151	|	|	CD
29915	133	152	|2.00	|2.00	CD
29915	133	153	advances	advance	NNS
29915	133	154	to	to	IN
29915	133	155	|	|	CD
29915	133	156	|	|	CD
29915	133	157	|	|	CD
29915	133	158	|	|	CD
29915	133	159	|	|	CD
29915	133	160	|under	|under	CD
29915	133	161	8.00	8.00	CD
29915	133	162	|	|	CD
29915	133	163	|	|	CD
29915	133	164	|	|	CD
29915	133	165	|	|	CD
29915	133	166	|Price	|Price	NNS
29915	133	167	paid|the	paid|the	DT
29915	133	168	|	|	CD
29915	133	169	|	|	NNP
29915	133	170	|	|	CD
29915	133	171	|	|	CD
29915	133	172	|for	|for	IN
29915	133	173	actual|market	actual|market	NNP
29915	133	174	You	-PRON-	PRP
29915	133	175	now	now	RB
29915	133	176	have	have	VBP
29915	133	177	|You	|you	JJ
29915	133	178	sell|It	sell|It	:
29915	133	179	has	have	VBZ
29915	133	180	|	|	CD
29915	133	181	|	|	CD
29915	133	182	|sugar	|sugar	CD
29915	133	183	plus|	plus|	NFP
29915	133	184	your	-PRON-	PRP$
29915	133	185	sugar	sugar	NN
29915	133	186	at	at	IN
29915	133	187	|futures	|futures	CD
29915	133	188	|advanced	|advanced	CD
29915	133	189	|	|	CD
29915	133	190	|	|	CD
29915	133	191	|hedging	|hedging	CD
29915	133	192	|	|	CD
29915	133	193	2.00	2.00	CD
29915	133	194	under	under	IN
29915	133	195	the|at	the|at	NNP
29915	133	196	|to	|to	NNP
29915	133	197	|	|	CD
29915	133	198	|A	|a	CD
29915	133	199	loss	loss	NN
29915	133	200	|loss	|loss	CD
29915	133	201	|	|	NN
29915	133	202	market	market	NN
29915	133	203	|8.00	|8.00	CD
29915	133	204	|10.00	|10.00	NNP
29915	133	205	|	|	CD
29915	133	206	10.00	10.00	CD
29915	133	207	|of	|of	CD
29915	133	208	2.00	2.00	CD
29915	133	209	|6	|6	CD
29915	133	210	+	+	CC
29915	133	211	2=8.00	2=8.00	CD
29915	133	212	|	|	CD
29915	133	213	|	|	CD
29915	133	214	|	|	CD
29915	133	215	|	|	CD
29915	133	216	|	|	CD
29915	133	217	|	|	CD
29915	133	218	|	|	NNS
29915	133	219	You	-PRON-	PRP
29915	133	220	feel	feel	VBP
29915	133	221	that	that	IN
29915	133	222	|	|	NNP
29915	133	223	|It	|It	NNP
29915	133	224	stands	stand	VBZ
29915	133	225	|	|	JJ
29915	133	226	|No	|no	NN
29915	133	227	profit	profit	NN
29915	133	228	,	,	,
29915	133	229	|	|	CD
29915	133	230	|	|	VBD
29915	133	231	the	the	DT
29915	133	232	market	market	NN
29915	133	233	may|	may|	NNP
29915	133	234	|at	|at	CD
29915	133	235	8.00	8.00	CD
29915	133	236	|	|	CD
29915	133	237	8.00	8.00	CD
29915	133	238	|no	|no	CD
29915	133	239	loss	loss	NN
29915	133	240	|	|	CD
29915	133	241	6.00	6.00	CD
29915	133	242	|	|	CD
29915	133	243	recede	recede	NNS
29915	133	244	and	and	CC
29915	133	245	|	|	CD
29915	133	246	|	|	NNP
29915	133	247	|	|	CD
29915	133	248	|	|	CD
29915	133	249	|	|	CD
29915	133	250	|	|	CD
29915	133	251	eliminate	eliminate	VB
29915	133	252	|	|	CD
29915	133	253	|	|	CD
29915	133	254	|	|	CD
29915	133	255	|	|	CD
29915	133	256	|	|	CD
29915	133	257	|	|	NNS
29915	133	258	this	this	DT
29915	133	259	gain	gain	NN
29915	133	260	,	,	,
29915	133	261	|	|	CD
29915	133	262	|	|	CD
29915	133	263	|	|	CD
29915	133	264	|	|	CD
29915	133	265	|	|	CD
29915	133	266	|	|	NNP
29915	133	267	so--	so--	NNP
29915	133	268	|	|	HYPH
29915	133	269	|	|	NNP
29915	133	270	|	|	CD
29915	133	271	|	|	CD
29915	133	272	|	|	CD
29915	133	273	|	|	CD
29915	133	274	--------------+--------+----------+---------+-----------+----------+--------	--------------+--------+----------+---------+-----------+----------+--------	:
29915	133	275	In	in	IN
29915	133	276	both	both	DT
29915	133	277	of	of	IN
29915	133	278	these	these	DT
29915	133	279	cases	case	NNS
29915	133	280	,	,	,
29915	133	281	the	the	DT
29915	133	282	operation	operation	NN
29915	133	283	is	be	VBZ
29915	133	284	relative	relative	JJ
29915	133	285	.	.	.
29915	134	1	If	if	IN
29915	134	2	a	a	DT
29915	134	3	man	man	NN
29915	134	4	has	have	VBZ
29915	134	5	a	a	DT
29915	134	6	profit	profit	NN
29915	134	7	,	,	,
29915	134	8	let	let	VB
29915	134	9	us	-PRON-	PRP
29915	134	10	say	say	VB
29915	134	11	2¢	2¢	CD
29915	134	12	a	a	DT
29915	134	13	pound	pound	NN
29915	134	14	,	,	,
29915	134	15	and	and	CC
29915	134	16	he	-PRON-	PRP
29915	134	17	hedges	hedge	VBZ
29915	134	18	,	,	,
29915	134	19	he	-PRON-	PRP
29915	134	20	maintains	maintain	VBZ
29915	134	21	his	-PRON-	PRP$
29915	134	22	profit	profit	NN
29915	134	23	of	of	IN
29915	134	24	2¢	2¢	CD
29915	134	25	a	a	DT
29915	134	26	pound	pound	NN
29915	134	27	as	as	IN
29915	134	28	compared	compare	VBN
29915	134	29	with	with	IN
29915	134	30	the	the	DT
29915	134	31	market	market	NN
29915	134	32	at	at	IN
29915	134	33	the	the	DT
29915	134	34	time	time	NN
29915	134	35	of	of	IN
29915	134	36	delivery	delivery	NN
29915	134	37	,	,	,
29915	134	38	or	or	CC
29915	134	39	at	at	IN
29915	134	40	the	the	DT
29915	134	41	time	time	NN
29915	134	42	when	when	WRB
29915	134	43	he	-PRON-	PRP
29915	134	44	expects	expect	VBZ
29915	134	45	to	to	TO
29915	134	46	sell	sell	VB
29915	134	47	this	this	DT
29915	134	48	sugar	sugar	NN
29915	134	49	,	,	,
29915	134	50	regardless	regardless	RB
29915	134	51	of	of	IN
29915	134	52	whether	whether	IN
29915	134	53	the	the	DT
29915	134	54	market	market	NN
29915	134	55	is	be	VBZ
29915	134	56	higher	high	JJR
29915	134	57	or	or	CC
29915	134	58	lower	low	JJR
29915	134	59	.	.	.
29915	135	1	In	in	IN
29915	135	2	the	the	DT
29915	135	3	same	same	JJ
29915	135	4	way	way	NN
29915	135	5	,	,	,
29915	135	6	conversely	conversely	RB
29915	135	7	,	,	,
29915	135	8	if	if	IN
29915	135	9	he	-PRON-	PRP
29915	135	10	has	have	VBZ
29915	135	11	a	a	DT
29915	135	12	loss	loss	NN
29915	135	13	on	on	IN
29915	135	14	his	-PRON-	PRP$
29915	135	15	sugar	sugar	NN
29915	135	16	of	of	IN
29915	135	17	2¢	2¢	CD
29915	135	18	a	a	DT
29915	135	19	pound	pound	NN
29915	135	20	,	,	,
29915	135	21	by	by	IN
29915	135	22	hedging	hedge	VBG
29915	135	23	he	-PRON-	PRP
29915	135	24	can	can	MD
29915	135	25	limit	limit	VB
29915	135	26	that	that	DT
29915	135	27	loss	loss	NN
29915	135	28	to	to	IN
29915	135	29	2¢	2¢	CD
29915	135	30	a	a	DT
29915	135	31	pound	pound	NN
29915	135	32	,	,	,
29915	135	33	even	even	RB
29915	135	34	though	though	IN
29915	135	35	the	the	DT
29915	135	36	market	market	NN
29915	135	37	goes	go	VBZ
29915	135	38	still	still	RB
29915	135	39	lower	low	JJR
29915	135	40	.	.	.
29915	136	1	In	in	IN
29915	136	2	other	other	JJ
29915	136	3	words	word	NNS
29915	136	4	,	,	,
29915	136	5	his	-PRON-	PRP$
29915	136	6	sugar	sugar	NN
29915	136	7	cost	cost	NN
29915	136	8	at	at	IN
29915	136	9	the	the	DT
29915	136	10	time	time	NN
29915	136	11	of	of	IN
29915	136	12	delivery	delivery	NN
29915	136	13	,	,	,
29915	136	14	or	or	CC
29915	136	15	at	at	IN
29915	136	16	the	the	DT
29915	136	17	time	time	NN
29915	136	18	when	when	WRB
29915	136	19	he	-PRON-	PRP
29915	136	20	expects	expect	VBZ
29915	136	21	to	to	TO
29915	136	22	sell	sell	VB
29915	136	23	the	the	DT
29915	136	24	sugar	sugar	NN
29915	136	25	,	,	,
29915	136	26	will	will	MD
29915	136	27	be	be	VB
29915	136	28	about	about	IN
29915	136	29	2¢	2¢	CD
29915	136	30	above	above	IN
29915	136	31	the	the	DT
29915	136	32	market	market	NN
29915	136	33	price	price	NN
29915	136	34	,	,	,
29915	136	35	whether	whether	IN
29915	136	36	the	the	DT
29915	136	37	market	market	NN
29915	136	38	is	be	VBZ
29915	136	39	higher	high	JJR
29915	136	40	or	or	CC
29915	136	41	lower	low	JJR
29915	136	42	.	.	.
29915	137	1	We	-PRON-	PRP
29915	137	2	shall	shall	MD
29915	137	3	assume	assume	VB
29915	137	4	that	that	IN
29915	137	5	you	-PRON-	PRP
29915	137	6	have	have	VBP
29915	137	7	bought	buy	VBN
29915	137	8	from	from	IN
29915	137	9	a	a	DT
29915	137	10	refiner	refiner	NN
29915	137	11	through	through	IN
29915	137	12	your	-PRON-	PRP$
29915	137	13	broker	broker	NN
29915	137	14	a	a	DT
29915	137	15	supply	supply	NN
29915	137	16	of	of	IN
29915	137	17	actual	actual	JJ
29915	137	18	sugar	sugar	NN
29915	137	19	at	at	IN
29915	137	20	6.00	6.00	CD
29915	137	21	.	.	.
29915	138	1	While	while	IN
29915	138	2	your	-PRON-	PRP$
29915	138	3	sugar	sugar	NN
29915	138	4	is	be	VBZ
29915	138	5	in	in	IN
29915	138	6	transit	transit	NN
29915	138	7	or	or	CC
29915	138	8	before	before	IN
29915	138	9	it	-PRON-	PRP
29915	138	10	has	have	VBZ
29915	138	11	been	be	VBN
29915	138	12	shipped	ship	VBN
29915	138	13	by	by	IN
29915	138	14	refiners	refiner	NNS
29915	138	15	,	,	,
29915	138	16	the	the	DT
29915	138	17	market	market	NN
29915	138	18	advances	advance	VBZ
29915	138	19	to	to	IN
29915	138	20	8.00	8.00	CD
29915	138	21	,	,	,
29915	138	22	at	at	IN
29915	138	23	which	which	WDT
29915	138	24	point	point	NN
29915	138	25	it	-PRON-	PRP
29915	138	26	apparently	apparently	RB
29915	138	27	is	be	VBZ
29915	138	28	steady	steady	JJ
29915	138	29	.	.	.
29915	139	1	You	-PRON-	PRP
29915	139	2	now	now	RB
29915	139	3	have	have	VBP
29915	139	4	a	a	DT
29915	139	5	_	_	NNP
29915	139	6	theoretical	theoretical	JJ
29915	139	7	_	_	NNP
29915	139	8	gain	gain	NN
29915	139	9	of	of	IN
29915	139	10	2.00	2.00	CD
29915	139	11	-	-	HYPH
29915	139	12	-that	-that	NN
29915	139	13	is	be	VBZ
29915	139	14	,	,	,
29915	139	15	if	if	IN
29915	139	16	you	-PRON-	PRP
29915	139	17	were	be	VBD
29915	139	18	to	to	TO
29915	139	19	sell	sell	VB
29915	139	20	your	-PRON-	PRP$
29915	139	21	sugar	sugar	NN
29915	139	22	at	at	IN
29915	139	23	once	once	RB
29915	139	24	,	,	,
29915	139	25	you	-PRON-	PRP
29915	139	26	would	would	MD
29915	139	27	have	have	VB
29915	139	28	an	an	DT
29915	139	29	_	_	NNP
29915	139	30	actual	actual	JJ
29915	139	31	_	_	NNP
29915	139	32	profit	profit	NN
29915	139	33	of	of	IN
29915	139	34	2.00	2.00	CD
29915	139	35	;	;	:
29915	139	36	but	but	CC
29915	139	37	you	-PRON-	PRP
29915	139	38	do	do	VBP
29915	139	39	not	not	RB
29915	139	40	sell	sell	VB
29915	139	41	because	because	IN
29915	139	42	your	-PRON-	PRP$
29915	139	43	sugar	sugar	NN
29915	139	44	is	be	VBZ
29915	139	45	in	in	IN
29915	139	46	transit	transit	NN
29915	139	47	or	or	CC
29915	139	48	you	-PRON-	PRP
29915	139	49	need	need	VBP
29915	139	50	it	-PRON-	PRP
29915	139	51	for	for	IN
29915	139	52	your	-PRON-	PRP$
29915	139	53	trade	trade	NN
29915	139	54	.	.	.
29915	140	1	However	however	RB
29915	140	2	,	,	,
29915	140	3	you	-PRON-	PRP
29915	140	4	do	do	VBP
29915	140	5	want	want	VB
29915	140	6	to	to	TO
29915	140	7	preserve	preserve	VB
29915	140	8	and	and	CC
29915	140	9	protect	protect	VB
29915	140	10	this	this	DT
29915	140	11	favorable	favorable	JJ
29915	140	12	position	position	NN
29915	140	13	of	of	IN
29915	140	14	having	have	VBG
29915	140	15	your	-PRON-	PRP$
29915	140	16	sugar	sugar	NN
29915	140	17	2.00	2.00	CD
29915	140	18	below	below	IN
29915	140	19	the	the	DT
29915	140	20	market	market	NN
29915	140	21	at	at	IN
29915	140	22	the	the	DT
29915	140	23	time	time	NN
29915	140	24	you	-PRON-	PRP
29915	140	25	want	want	VBP
29915	140	26	to	to	TO
29915	140	27	sell	sell	VB
29915	140	28	it	-PRON-	PRP
29915	140	29	.	.	.
29915	141	1	So	so	RB
29915	141	2	you	-PRON-	PRP
29915	141	3	sell	sell	VBP
29915	141	4	the	the	DT
29915	141	5	same	same	JJ
29915	141	6	quantity	quantity	NN
29915	141	7	of	of	IN
29915	141	8	futures	future	NNS
29915	141	9	on	on	IN
29915	141	10	the	the	DT
29915	141	11	Exchange	Exchange	NNP
29915	141	12	at	at	IN
29915	141	13	8.00	8.00	CD
29915	141	14	.	.	.
29915	142	1	Three	three	CD
29915	142	2	things	thing	NNS
29915	142	3	may	may	MD
29915	142	4	occur	occur	VB
29915	142	5	--	--	:
29915	142	6	the	the	DT
29915	142	7	market	market	NN
29915	142	8	may	may	MD
29915	142	9	decline	decline	VB
29915	142	10	,	,	,
29915	142	11	or	or	CC
29915	142	12	it	-PRON-	PRP
29915	142	13	may	may	MD
29915	142	14	continue	continue	VB
29915	142	15	to	to	TO
29915	142	16	advance	advance	VB
29915	142	17	,	,	,
29915	142	18	or	or	CC
29915	142	19	it	-PRON-	PRP
29915	142	20	may	may	MD
29915	142	21	remain	remain	VB
29915	142	22	steady	steady	JJ
29915	142	23	.	.	.
29915	143	1	You	-PRON-	PRP
29915	143	2	have	have	VBP
29915	143	3	accomplished	accomplish	VBN
29915	143	4	your	-PRON-	PRP$
29915	143	5	purpose	purpose	NN
29915	143	6	in	in	IN
29915	143	7	any	any	DT
29915	143	8	case	case	NN
29915	143	9	(	(	-LRB-
29915	143	10	see	see	VB
29915	143	11	Chart	Chart	NNP
29915	143	12	2	2	CD
29915	143	13	)	)	-RRB-
29915	143	14	.	.	.
29915	144	1	By	by	IN
29915	144	2	the	the	DT
29915	144	3	time	time	NN
29915	144	4	you	-PRON-	PRP
29915	144	5	sell	sell	VBP
29915	144	6	your	-PRON-	PRP$
29915	144	7	sugar	sugar	NN
29915	144	8	(	(	-LRB-
29915	144	9	or	or	CC
29915	144	10	at	at	IN
29915	144	11	the	the	DT
29915	144	12	time	time	NN
29915	144	13	of	of	IN
29915	144	14	its	-PRON-	PRP$
29915	144	15	delivery	delivery	NN
29915	144	16	)	)	-RRB-
29915	144	17	it	-PRON-	PRP
29915	144	18	becomes	become	VBZ
29915	144	19	necessary	necessary	JJ
29915	144	20	for	for	IN
29915	144	21	you	-PRON-	PRP
29915	144	22	to	to	TO
29915	144	23	cover	cover	VB
29915	144	24	your	-PRON-	PRP$
29915	144	25	hedge	hedge	NN
29915	144	26	and	and	CC
29915	144	27	if	if	IN
29915	144	28	the	the	DT
29915	144	29	market	market	NN
29915	144	30	has	have	VBZ
29915	144	31	declined	decline	VBN
29915	144	32	from	from	IN
29915	144	33	8.00	8.00	CD
29915	144	34	(	(	-LRB-
29915	144	35	at	at	IN
29915	144	36	which	which	WDT
29915	144	37	point	point	NN
29915	144	38	you	-PRON-	PRP
29915	144	39	hedged	hedge	VBD
29915	144	40	)	)	-RRB-
29915	144	41	and	and	CC
29915	144	42	stands	stand	VBZ
29915	144	43	at	at	IN
29915	144	44	6.00	6.00	CD
29915	144	45	again	again	RB
29915	144	46	,	,	,
29915	144	47	your	-PRON-	PRP$
29915	144	48	hedging	hedging	NN
29915	144	49	operations	operation	NNS
29915	144	50	considered	consider	VBN
29915	144	51	alone	alone	RB
29915	144	52	would	would	MD
29915	144	53	net	net	VB
29915	144	54	you	-PRON-	PRP
29915	144	55	an	an	DT
29915	144	56	actual	actual	JJ
29915	144	57	profit	profit	NN
29915	144	58	of	of	IN
29915	144	59	2.00	2.00	CD
29915	144	60	.	.	.
29915	145	1	Your	-PRON-	PRP$
29915	145	2	original	original	JJ
29915	145	3	sugar	sugar	NN
29915	145	4	cost	cost	NN
29915	145	5	was	be	VBD
29915	145	6	6.00	6.00	CD
29915	145	7	.	.	.
29915	146	1	Your	-PRON-	PRP$
29915	146	2	profit	profit	NN
29915	146	3	on	on	IN
29915	146	4	your	-PRON-	PRP$
29915	146	5	hedge	hedge	NN
29915	146	6	was	be	VBD
29915	146	7	2.00	2.00	CD
29915	146	8	,	,	,
29915	146	9	so	so	IN
29915	146	10	that	that	IN
29915	146	11	you	-PRON-	PRP
29915	146	12	would	would	MD
29915	146	13	figure	figure	VB
29915	146	14	your	-PRON-	PRP$
29915	146	15	actual	actual	JJ
29915	146	16	sugar	sugar	NN
29915	146	17	cost	cost	NN
29915	146	18	at	at	IN
29915	146	19	4.00	4.00	CD
29915	146	20	.	.	.
29915	147	1	You	-PRON-	PRP
29915	147	2	would	would	MD
29915	147	3	have	have	VB
29915	147	4	accomplished	accomplish	VBN
29915	147	5	your	-PRON-	PRP$
29915	147	6	purpose	purpose	NN
29915	147	7	of	of	IN
29915	147	8	getting	get	VBG
29915	147	9	your	-PRON-	PRP$
29915	147	10	sugar	sugar	NN
29915	147	11	2.00	2.00	CD
29915	147	12	under	under	IN
29915	147	13	the	the	DT
29915	147	14	market	market	NN
29915	147	15	at	at	IN
29915	147	16	the	the	DT
29915	147	17	time	time	NN
29915	147	18	of	of	IN
29915	147	19	selling	sell	VBG
29915	147	20	it	-PRON-	PRP
29915	147	21	(	(	-LRB-
29915	147	22	or	or	CC
29915	147	23	at	at	IN
29915	147	24	the	the	DT
29915	147	25	time	time	NN
29915	147	26	of	of	IN
29915	147	27	its	-PRON-	PRP$
29915	147	28	delivery	delivery	NN
29915	147	29	)	)	-RRB-
29915	147	30	.	.	.
29915	148	1	That	that	RB
29915	148	2	is	is	RB
29915	148	3	,	,	,
29915	148	4	your	-PRON-	PRP$
29915	148	5	delay	delay	NN
29915	148	6	in	in	IN
29915	148	7	selling	sell	VBG
29915	148	8	your	-PRON-	PRP$
29915	148	9	sugar	sugar	NN
29915	148	10	has	have	VBZ
29915	148	11	cost	cost	VBN
29915	148	12	you	-PRON-	PRP
29915	148	13	practically	practically	RB
29915	148	14	nothing	nothing	NN
29915	148	15	,	,	,
29915	148	16	even	even	RB
29915	148	17	though	though	IN
29915	148	18	the	the	DT
29915	148	19	market	market	NN
29915	148	20	has	have	VBZ
29915	148	21	declined	decline	VBN
29915	148	22	.	.	.
29915	149	1	If	if	IN
29915	149	2	the	the	DT
29915	149	3	market	market	NN
29915	149	4	has	have	VBZ
29915	149	5	advanced	advance	VBN
29915	149	6	to	to	IN
29915	149	7	10.00	10.00	CD
29915	149	8	,	,	,
29915	149	9	when	when	WRB
29915	149	10	it	-PRON-	PRP
29915	149	11	becomes	become	VBZ
29915	149	12	necessary	necessary	JJ
29915	149	13	for	for	IN
29915	149	14	you	-PRON-	PRP
29915	149	15	to	to	TO
29915	149	16	cover	cover	VB
29915	149	17	your	-PRON-	PRP$
29915	149	18	hedge	hedge	NN
29915	149	19	(	(	-LRB-
29915	149	20	at	at	IN
29915	149	21	the	the	DT
29915	149	22	time	time	NN
29915	149	23	of	of	IN
29915	149	24	selling	sell	VBG
29915	149	25	your	-PRON-	PRP$
29915	149	26	sugar	sugar	NN
29915	149	27	or	or	CC
29915	149	28	when	when	WRB
29915	149	29	it	-PRON-	PRP
29915	149	30	is	be	VBZ
29915	149	31	delivered	deliver	VBN
29915	149	32	)	)	-RRB-
29915	149	33	your	-PRON-	PRP$
29915	149	34	hedging	hedging	NN
29915	149	35	operations	operation	NNS
29915	149	36	considered	consider	VBN
29915	149	37	alone	alone	RB
29915	149	38	would	would	MD
29915	149	39	net	net	VB
29915	149	40	you	-PRON-	PRP
29915	149	41	a	a	DT
29915	149	42	_	_	NNP
29915	149	43	loss	loss	NN
29915	149	44	_	_	NNP
29915	149	45	of	of	IN
29915	149	46	2.00	2.00	CD
29915	149	47	.	.	.
29915	150	1	You	-PRON-	PRP
29915	150	2	would	would	MD
29915	150	3	buy	buy	VB
29915	150	4	in	in	RP
29915	150	5	futures	future	NNS
29915	150	6	at	at	IN
29915	150	7	10.00	10.00	CD
29915	150	8	,	,	,
29915	150	9	which	which	WDT
29915	150	10	you	-PRON-	PRP
29915	150	11	sold	sell	VBD
29915	150	12	at	at	IN
29915	150	13	8.00	8.00	CD
29915	150	14	.	.	.
29915	151	1	Your	-PRON-	PRP$
29915	151	2	original	original	JJ
29915	151	3	sugar	sugar	NN
29915	151	4	cost	cost	NN
29915	151	5	was	be	VBD
29915	151	6	6.00	6.00	CD
29915	151	7	,	,	,
29915	151	8	your	-PRON-	PRP$
29915	151	9	loss	loss	NN
29915	151	10	on	on	IN
29915	151	11	your	-PRON-	PRP$
29915	151	12	hedge	hedge	NN
29915	151	13	was	be	VBD
29915	151	14	2.00	2.00	CD
29915	151	15	,	,	,
29915	151	16	so	so	IN
29915	151	17	that	that	IN
29915	151	18	you	-PRON-	PRP
29915	151	19	would	would	MD
29915	151	20	figure	figure	VB
29915	151	21	your	-PRON-	PRP$
29915	151	22	actual	actual	JJ
29915	151	23	sugar	sugar	NN
29915	151	24	cost	cost	NN
29915	151	25	at	at	IN
29915	151	26	8.00	8.00	CD
29915	151	27	.	.	.
29915	152	1	But	but	CC
29915	152	2	the	the	DT
29915	152	3	market	market	NN
29915	152	4	at	at	IN
29915	152	5	that	that	DT
29915	152	6	time	time	NN
29915	152	7	was	be	VBD
29915	152	8	10.00	10.00	CD
29915	152	9	,	,	,
29915	152	10	so	so	IN
29915	152	11	that	that	IN
29915	152	12	you	-PRON-	PRP
29915	152	13	have	have	VBP
29915	152	14	accomplished	accomplish	VBN
29915	152	15	your	-PRON-	PRP$
29915	152	16	purpose	purpose	NN
29915	152	17	of	of	IN
29915	152	18	getting	get	VBG
29915	152	19	your	-PRON-	PRP$
29915	152	20	sugar	sugar	NN
29915	152	21	2.00	2.00	CD
29915	152	22	under	under	IN
29915	152	23	the	the	DT
29915	152	24	market	market	NN
29915	152	25	at	at	IN
29915	152	26	the	the	DT
29915	152	27	time	time	NN
29915	152	28	of	of	IN
29915	152	29	selling	sell	VBG
29915	152	30	it	-PRON-	PRP
29915	152	31	(	(	-LRB-
29915	152	32	or	or	CC
29915	152	33	at	at	IN
29915	152	34	the	the	DT
29915	152	35	time	time	NN
29915	152	36	of	of	IN
29915	152	37	delivery	delivery	NN
29915	152	38	)	)	-RRB-
29915	152	39	.	.	.
29915	153	1	In	in	IN
29915	153	2	other	other	JJ
29915	153	3	words	word	NNS
29915	153	4	,	,	,
29915	153	5	you	-PRON-	PRP
29915	153	6	would	would	MD
29915	153	7	make	make	VB
29915	153	8	the	the	DT
29915	153	9	same	same	JJ
29915	153	10	profit	profit	NN
29915	153	11	as	as	IN
29915	153	12	though	though	IN
29915	153	13	you	-PRON-	PRP
29915	153	14	had	have	VBD
29915	153	15	re	re	VBN
29915	153	16	-	-	VBN
29915	153	17	sold	sell	VBN
29915	153	18	your	-PRON-	PRP$
29915	153	19	sugar	sugar	NN
29915	153	20	to	to	IN
29915	153	21	second	second	JJ
29915	153	22	-	-	HYPH
29915	153	23	hands	hand	NNS
29915	153	24	originally	originally	RB
29915	153	25	,	,	,
29915	153	26	instead	instead	RB
29915	153	27	of	of	IN
29915	153	28	hedging	hedging	NN
29915	153	29	,	,	,
29915	153	30	but	but	CC
29915	153	31	had	have	VBD
29915	153	32	you	-PRON-	PRP
29915	153	33	followed	follow	VBN
29915	153	34	this	this	DT
29915	153	35	course	course	NN
29915	153	36	,	,	,
29915	153	37	you	-PRON-	PRP
29915	153	38	might	may	MD
29915	153	39	not	not	RB
29915	153	40	have	have	VB
29915	153	41	had	have	VBD
29915	153	42	sugar	sugar	NN
29915	153	43	in	in	IN
29915	153	44	stock	stock	NN
29915	153	45	for	for	IN
29915	153	46	your	-PRON-	PRP$
29915	153	47	regular	regular	JJ
29915	153	48	trade	trade	NN
29915	153	49	.	.	.
29915	154	1	On	on	IN
29915	154	2	the	the	DT
29915	154	3	other	other	JJ
29915	154	4	hand	hand	NN
29915	154	5	,	,	,
29915	154	6	when	when	WRB
29915	154	7	it	-PRON-	PRP
29915	154	8	becomes	become	VBZ
29915	154	9	necessary	necessary	JJ
29915	154	10	for	for	IN
29915	154	11	you	-PRON-	PRP
29915	154	12	to	to	TO
29915	154	13	cover	cover	VB
29915	154	14	your	-PRON-	PRP$
29915	154	15	hedge	hedge	NN
29915	154	16	,	,	,
29915	154	17	if	if	IN
29915	154	18	the	the	DT
29915	154	19	market	market	NN
29915	154	20	has	have	VBZ
29915	154	21	remained	remain	VBN
29915	154	22	steady	steady	JJ
29915	154	23	and	and	CC
29915	154	24	is	be	VBZ
29915	154	25	again	again	RB
29915	154	26	at	at	IN
29915	154	27	8.00	8.00	CD
29915	154	28	,	,	,
29915	154	29	the	the	DT
29915	154	30	two	two	CD
29915	154	31	futures	future	NNS
29915	154	32	transactions	transaction	NNS
29915	154	33	cancel	cancel	VBP
29915	154	34	themselves	-PRON-	PRP
29915	154	35	without	without	IN
29915	154	36	profit	profit	NN
29915	154	37	or	or	CC
29915	154	38	loss	loss	NN
29915	154	39	.	.	.
29915	155	1	Your	-PRON-	PRP$
29915	155	2	original	original	JJ
29915	155	3	cost	cost	NN
29915	155	4	of	of	IN
29915	155	5	6.00	6.00	CD
29915	155	6	,	,	,
29915	155	7	therefore	therefore	RB
29915	155	8	,	,	,
29915	155	9	stands	stand	VBZ
29915	155	10	as	as	IN
29915	155	11	your	-PRON-	PRP$
29915	155	12	actual	actual	JJ
29915	155	13	sugar	sugar	NN
29915	155	14	cost	cost	NN
29915	155	15	at	at	IN
29915	155	16	the	the	DT
29915	155	17	time	time	NN
29915	155	18	of	of	IN
29915	155	19	selling	selling	NN
29915	155	20	(	(	-LRB-
29915	155	21	or	or	CC
29915	155	22	at	at	IN
29915	155	23	the	the	DT
29915	155	24	time	time	NN
29915	155	25	of	of	IN
29915	155	26	delivery	delivery	NN
29915	155	27	)	)	-RRB-
29915	155	28	.	.	.
29915	156	1	This	this	DT
29915	156	2	is	be	VBZ
29915	156	3	2.00	2.00	CD
29915	156	4	under	under	IN
29915	156	5	the	the	DT
29915	156	6	market	market	NN
29915	156	7	and	and	CC
29915	156	8	you	-PRON-	PRP
29915	156	9	have	have	VBP
29915	156	10	accomplished	accomplish	VBN
29915	156	11	your	-PRON-	PRP$
29915	156	12	purpose	purpose	NN
29915	156	13	.	.	.
29915	157	1	HEDGING	HEDGING	NNP
29915	157	2	_	_	NNP
29915	157	3	to	to	TO
29915	157	4	establish	establish	VB
29915	157	5	and	and	CC
29915	157	6	limit	limit	VB
29915	157	7	a	a	DT
29915	157	8	loss	loss	NN
29915	157	9	on	on	IN
29915	157	10	an	an	DT
29915	157	11	unfavorable	unfavorable	JJ
29915	157	12	purchase	purchase	NN
29915	157	13	_	_	NNP
29915	157	14	.	.	.
29915	158	1	This	this	DT
29915	158	2	operation	operation	NN
29915	158	3	is	be	VBZ
29915	158	4	identical	identical	JJ
29915	158	5	in	in	IN
29915	158	6	its	-PRON-	PRP$
29915	158	7	working	working	NN
29915	158	8	with	with	IN
29915	158	9	the	the	DT
29915	158	10	previous	previous	JJ
29915	158	11	example	example	NN
29915	158	12	,	,	,
29915	158	13	except	except	IN
29915	158	14	that	that	IN
29915	158	15	you	-PRON-	PRP
29915	158	16	have	have	VBP
29915	158	17	a	a	DT
29915	158	18	different	different	JJ
29915	158	19	end	end	NN
29915	158	20	in	in	IN
29915	158	21	view	view	NN
29915	158	22	.	.	.
29915	159	1	CHART	CHART	NNP
29915	159	2	3	3	CD
29915	159	3	--------------------------------------------------------------------------	--------------------------------------------------------------------------	CD
29915	159	4	HEDGING	hedging	NN
29915	159	5	to	to	TO
29915	159	6	establish	establish	VB
29915	159	7	and	and	CC
29915	159	8	limit	limit	VB
29915	159	9	a	a	DT
29915	159	10	loss	loss	NN
29915	159	11	on	on	IN
29915	159	12	an	an	DT
29915	159	13	unfavorable	unfavorable	JJ
29915	159	14	purchase	purchase	NN
29915	159	15	------------+--------+---------------+-------+----------+----------+-------	------------+--------+---------------+-------+----------+----------+-------	:
29915	159	16	Initial	Initial	NNP
29915	159	17	|	|	NNP
29915	159	18	|	|	NNP
29915	159	19	Transactions|	Transactions|	NNP
29915	159	20	Subsequent	Subsequent	NNP
29915	159	21	Transactions	Transactions	NNPS
29915	159	22	|	|	NNP
29915	159	23	Result	Result	NNP
29915	159	24	------------+--------+---------------+-------+----------+----------+-------	------------+--------+---------------+-------+----------+----------+-------	NFP
29915	159	25	|	|	NNP
29915	159	26	Hedge	Hedge	NNP
29915	159	27	|	|	NNP
29915	159	28	Condition	Condition	NNP
29915	159	29	of	of	IN
29915	159	30	|	|	NNP
29915	159	31	Price	Price	NNP
29915	159	32	|	|	NNP
29915	159	33	Result	Result	NNP
29915	159	34	|	|	NNP
29915	159	35	Figure	Figure	NNP
29915	159	36	|	|	NNP
29915	159	37	In	in	IN
29915	159	38	|	|	CD
29915	159	39	|	|	NN
29915	159	40	market	market	NN
29915	159	41	when	when	WRB
29915	159	42	|	|	NNP
29915	159	43	you	-PRON-	PRP
29915	159	44	|	|	NNP
29915	159	45	of	of	IN
29915	159	46	|	|	CD
29915	159	47	actual	actual	JJ
29915	159	48	|	|	NNP
29915	159	49	each	each	DT
29915	159	50	|	|	CD
29915	159	51	|	|	VB
29915	159	52	you	-PRON-	PRP
29915	159	53	"	"	``
29915	159	54	cover	cover	VBP
29915	159	55	"	"	''
29915	159	56	|	|	NNS
29915	159	57	pay	pay	VB
29915	159	58	|	|	CD
29915	159	59	hedge	hedge	NN
29915	159	60	|	|	HYPH
29915	159	61	sugar	sugar	NN
29915	159	62	|	|	HYPH
29915	159	63	case	case	NN
29915	159	64	|	|	CD
29915	159	65	|	|	CD
29915	159	66	your	-PRON-	PRP$
29915	159	67	hedge	hedge	NN
29915	159	68	|	|	NNP
29915	159	69	for	for	IN
29915	159	70	|	|	NNP
29915	159	71	and	and	CC
29915	159	72	|	|	CD
29915	159	73	cost	cost	VBD
29915	159	74	|	|	CD
29915	159	75	the	the	DT
29915	159	76	|	|	NNP
29915	159	77	|	|	NNP
29915	159	78	|futures|	|futures|	NNP
29915	159	79	covering	cover	VBG
29915	159	80	|	|	NNP
29915	159	81	this	this	DT
29915	159	82	|	|	CD
29915	159	83	same	same	JJ
29915	159	84	|	|	CD
29915	159	85	|	|	CD
29915	159	86	|	|	CD
29915	159	87	to	to	IN
29915	159	88	|	|	CD
29915	159	89	operation|	operation|	CD
29915	159	90	way	way	NN
29915	159	91	|	|	NNP
29915	159	92	|	|	NNP
29915	159	93	|	|	CD
29915	159	94	|	|	CD
29915	159	95	cover	cover	NN
29915	159	96	|	|	CD
29915	159	97	|	|	CD
29915	159	98	|	|	CD
29915	159	99	|	|	CD
29915	159	100	|	|	CD
29915	159	101	|	|	CD
29915	159	102	hedge	hedge	NN
29915	159	103	|	|	CD
29915	159	104	|	|	CD
29915	159	105	|	|	CD
29915	159	106	------------+--------+---------------+-------+----------+----------+-------	------------+--------+---------------+-------+----------+----------+-------	NFP
29915	159	107	You	-PRON-	PRP
29915	159	108	buy	buy	VBP
29915	159	109	|	|	CD
29915	159	110	|	|	CD
29915	159	111	|	|	CD
29915	159	112	|	|	CD
29915	159	113	|Price	|price	NN
29915	159	114	paid|	paid|	NN
29915	159	115	actual	actual	JJ
29915	159	116	sugar|	sugar|	CD
29915	159	117	|	|	NNP
29915	159	118	|	|	CD
29915	159	119	|	|	NNP
29915	159	120	|for	|for	IN
29915	159	121	actual|	actual|	NN
29915	159	122	at	at	IN
29915	159	123	6.00	6.00	CD
29915	159	124	but	but	CC
29915	159	125	|	|	NNP
29915	159	126	|	|	NNP
29915	159	127	|	|	NNP
29915	159	128	|	|	CD
29915	159	129	|sugar	|sugar	CD
29915	159	130	less|	less|	NN
29915	159	131	before	before	IN
29915	159	132	you	-PRON-	PRP
29915	159	133	|	|	NNP
29915	159	134	|	|	NNP
29915	159	135	|	|	CD
29915	159	136	|	|	CD
29915	159	137	|hedging	|hedging	CD
29915	159	138	|	|	CD
29915	159	139	have	have	VBP
29915	159	140	|	|	VBN
29915	159	141	|It	|It	NNP
29915	159	142	has	have	VBZ
29915	159	143	declined|	declined|	CD
29915	159	144	|	|	NNP
29915	159	145	A	a	DT
29915	159	146	profit	profit	NN
29915	159	147	|profit	|profit	CD
29915	159	148	|	|	NNS
29915	159	149	received	receive	VBD
29915	159	150	it	-PRON-	PRP
29915	159	151	|	|	CD
29915	159	152	|to	|to	NNP
29915	159	153	4.00	4.00	CD
29915	159	154	|	|	CD
29915	159	155	4.00	4.00	CD
29915	159	156	|	|	CD
29915	159	157	of	of	IN
29915	159	158	1.00	1.00	CD
29915	159	159	|6	|6	CD
29915	159	160	-	-	:
29915	159	161	1=5.00	1=5.00	CD
29915	159	162	|	|	NNS
29915	159	163	(	(	-LRB-
29915	159	164	or	or	CC
29915	159	165	before	before	IN
29915	159	166	|	|	CD
29915	159	167	|	|	CD
29915	159	168	|	|	CD
29915	159	169	|	|	CD
29915	159	170	|	|	CD
29915	159	171	|	|	NNS
29915	159	172	you	-PRON-	PRP
29915	159	173	sell	sell	VBP
29915	159	174	it)|	it)|	NNP
29915	159	175	|	|	NNP
29915	159	176	|	|	NNP
29915	159	177	|	|	CD
29915	159	178	|	|	CD
29915	159	179	|	|	CD
29915	159	180	the	the	DT
29915	159	181	price	price	NN
29915	159	182	|	|	CD
29915	159	183	|	|	CD
29915	159	184	|	|	CD
29915	159	185	|	|	CD
29915	159	186	|	|	CD
29915	159	187	|	|	CD
29915	159	188	declines	decline	NNS
29915	159	189	to	to	IN
29915	159	190	|	|	CD
29915	159	191	|	|	CD
29915	159	192	|	|	CD
29915	159	193	|	|	CD
29915	159	194	|	|	CD
29915	159	195	|	|	CD
29915	159	196	5.00	5.00	CD
29915	159	197	|	|	CD
29915	159	198	|	|	CD
29915	159	199	|	|	CD
29915	159	200	|	|	CD
29915	159	201	|	|	CD
29915	159	202	|	|	CD
29915	159	203	|	|	CD
29915	159	204	|	|	CD
29915	159	205	|	|	CD
29915	159	206	|	|	CD
29915	159	207	|	|	CD
29915	159	208	|	|	NNS
29915	159	209	You	-PRON-	PRP
29915	159	210	now	now	RB
29915	159	211	have|	have|	VBZ
29915	159	212	|	|	CD
29915	159	213	|	|	CD
29915	159	214	|	|	CD
29915	159	215	|Price	|Price	NNS
29915	159	216	paid|Your	paid|your	VB
29915	159	217	your	-PRON-	PRP$
29915	159	218	sugar	sugar	NN
29915	159	219	|	|	NNP
29915	159	220	|	|	NNP
29915	159	221	|	|	CD
29915	159	222	|	|	NNS
29915	159	223	|for	|for	NN
29915	159	224	actual|sugar	actual|sugar	NNP
29915	159	225	at	at	IN
29915	159	226	1.00	1.00	CD
29915	159	227	|	|	CD
29915	159	228	|	|	CD
29915	159	229	|	|	CD
29915	159	230	|	|	CD
29915	159	231	|sugar	|sugar	CD
29915	159	232	plus|cost	plus|cost	NNP
29915	159	233	is	be	VBZ
29915	159	234	above	above	IN
29915	159	235	the	the	DT
29915	159	236	|You	|you	JJ
29915	159	237	sell|	sell|	CD
29915	159	238	|	|	NNP
29915	159	239	|	|	CD
29915	159	240	|hedging	|hedging	CD
29915	159	241	|1.00	|1.00	NN
29915	159	242	market	market	NN
29915	159	243	|futures	|futures	CD
29915	159	244	|It	|It	NNP
29915	159	245	has	have	VBZ
29915	159	246	advanced|	advanced|	:
29915	159	247	|A	|a	CD
29915	159	248	loss	loss	NN
29915	159	249	of	of	IN
29915	159	250	|loss	|loss	CD
29915	159	251	|above	|above	NN
29915	159	252	|at	|at	CD
29915	159	253	5.00	5.00	CD
29915	159	254	|to	|to	CD
29915	159	255	6.00	6.00	CD
29915	159	256	|	|	CD
29915	159	257	6.00	6.00	CD
29915	159	258	|1.00	|1.00	CD
29915	159	259	|6	|6	.
29915	159	260	+	+	CC
29915	159	261	1=7.00	1=7.00	CD
29915	159	262	|the	|the	NNP
29915	159	263	|	|	CD
29915	159	264	|	|	NNP
29915	159	265	|	|	CD
29915	159	266	|	|	CD
29915	159	267	|	|	CD
29915	159	268	|market	|market	NFP
29915	159	269	You	-PRON-	PRP
29915	159	270	feel	feel	VBP
29915	159	271	|	|	CD
29915	159	272	|It	|It	NNP
29915	159	273	stands	stand	NNS
29915	159	274	at	at	IN
29915	159	275	|	|	CD
29915	159	276	|No	|No	NNP
29915	159	277	profit,|	profit,|	CD
29915	159	278	|	|	CD
29915	159	279	that	that	WDT
29915	159	280	the	the	DT
29915	159	281	|	|	NNP
29915	159	282	|5.00	|5.00	CD
29915	159	283	|	|	CD
29915	159	284	5.00	5.00	CD
29915	159	285	|no	|no	CD
29915	159	286	loss	loss	NN
29915	159	287	|	|	CD
29915	159	288	6.00	6.00	CD
29915	159	289	|	|	NN
29915	159	290	market	market	NN
29915	159	291	may	may	MD
29915	159	292	|	|	POS
29915	159	293	|	|	CD
29915	159	294	|	|	CD
29915	159	295	|	|	CD
29915	159	296	|	|	CD
29915	159	297	|	|	CD
29915	159	298	decline	decline	NN
29915	159	299	|	|	CD
29915	159	300	|	|	CD
29915	159	301	|	|	CD
29915	159	302	|	|	CD
29915	159	303	|	|	CD
29915	159	304	|	|	CD
29915	159	305	still	still	RB
29915	159	306	|	|	CD
29915	159	307	|	|	NNP
29915	159	308	|	|	CD
29915	159	309	|	|	CD
29915	159	310	|	|	CD
29915	159	311	|	|	CD
29915	159	312	further	further	JJ
29915	159	313	and	and	CC
29915	159	314	|	|	NNP
29915	159	315	|	|	NNP
29915	159	316	|	|	CD
29915	159	317	|	|	CD
29915	159	318	|	|	CD
29915	159	319	|	|	CD
29915	159	320	increase	increase	VB
29915	159	321	|	|	CD
29915	159	322	|	|	CD
29915	159	323	|	|	CD
29915	159	324	|	|	CD
29915	159	325	|	|	CD
29915	159	326	|	|	NNS
29915	159	327	this	this	DT
29915	159	328	loss	loss	NN
29915	159	329	,	,	,
29915	159	330	|	|	NNP
29915	159	331	|	|	CD
29915	159	332	|	|	CD
29915	159	333	|	|	CD
29915	159	334	|	|	CD
29915	159	335	|	|	NNP
29915	159	336	so--	so--	NNP
29915	159	337	|	|	HYPH
29915	159	338	|	|	NNP
29915	159	339	|	|	CD
29915	159	340	|	|	CD
29915	159	341	|	|	CD
29915	159	342	|	|	CD
29915	159	343	------------+--------+---------------+-------+----------+----------+-------	------------+--------+---------------+-------+----------+----------+-------	CC
29915	159	344	Let	let	VB
29915	159	345	us	-PRON-	PRP
29915	159	346	say	say	VB
29915	159	347	that	that	IN
29915	159	348	you	-PRON-	PRP
29915	159	349	purchase	purchase	VBP
29915	159	350	actual	actual	JJ
29915	159	351	sugar	sugar	NN
29915	159	352	at	at	IN
29915	159	353	6.00	6.00	CD
29915	159	354	.	.	.
29915	160	1	If	if	IN
29915	160	2	the	the	DT
29915	160	3	market	market	NN
29915	160	4	declines	decline	VBZ
29915	160	5	to	to	IN
29915	160	6	5.00	5.00	CD
29915	160	7	after	after	IN
29915	160	8	your	-PRON-	PRP$
29915	160	9	original	original	JJ
29915	160	10	purchase	purchase	NN
29915	160	11	at	at	IN
29915	160	12	6.00	6.00	CD
29915	160	13	,	,	,
29915	160	14	you	-PRON-	PRP
29915	160	15	have	have	VBP
29915	160	16	a	a	DT
29915	160	17	_	_	NNP
29915	160	18	loss	loss	NN
29915	160	19	_	_	NNP
29915	160	20	of	of	IN
29915	160	21	1.00	1.00	CD
29915	160	22	,	,	,
29915	160	23	in	in	IN
29915	160	24	the	the	DT
29915	160	25	value	value	NN
29915	160	26	of	of	IN
29915	160	27	your	-PRON-	PRP$
29915	160	28	sugar	sugar	NN
29915	160	29	.	.	.
29915	161	1	Facing	face	VBG
29915	161	2	the	the	DT
29915	161	3	possibility	possibility	NN
29915	161	4	of	of	IN
29915	161	5	a	a	DT
29915	161	6	further	further	JJ
29915	161	7	decline	decline	NN
29915	161	8	and	and	CC
29915	161	9	desiring	desire	VBG
29915	161	10	to	to	IN
29915	161	11	_	_	NNP
29915	161	12	limit	limit	NN
29915	161	13	_	_	NNP
29915	161	14	this	this	DT
29915	161	15	loss	loss	NN
29915	161	16	to	to	IN
29915	161	17	1.00	1.00	CD
29915	161	18	,	,	,
29915	161	19	you	-PRON-	PRP
29915	161	20	hedge	hedge	VBP
29915	161	21	by	by	IN
29915	161	22	selling	sell	VBG
29915	161	23	futures	future	NNS
29915	161	24	.	.	.
29915	162	1	In	in	IN
29915	162	2	this	this	DT
29915	162	3	case	case	NN
29915	162	4	you	-PRON-	PRP
29915	162	5	should	should	MD
29915	162	6	limit	limit	VB
29915	162	7	your	-PRON-	PRP$
29915	162	8	_	_	NNP
29915	162	9	loss	loss	NN
29915	162	10	_	_	NNP
29915	162	11	to	to	IN
29915	162	12	1.00	1.00	CD
29915	162	13	just	just	RB
29915	162	14	as	as	RB
29915	162	15	effectively	effectively	RB
29915	162	16	as	as	IN
29915	162	17	in	in	IN
29915	162	18	the	the	DT
29915	162	19	previous	previous	JJ
29915	162	20	example	example	NN
29915	162	21	you	-PRON-	PRP
29915	162	22	preserved	preserve	VBD
29915	162	23	your	-PRON-	PRP$
29915	162	24	_	_	NNP
29915	162	25	gain	gain	NN
29915	162	26	_	_	NNP
29915	162	27	of	of	IN
29915	162	28	2.00	2.00	CD
29915	162	29	,	,	,
29915	162	30	and	and	CC
29915	162	31	by	by	IN
29915	162	32	the	the	DT
29915	162	33	same	same	JJ
29915	162	34	course	course	NN
29915	162	35	of	of	IN
29915	162	36	procedure	procedure	NN
29915	162	37	.	.	.
29915	163	1	(	(	-LRB-
29915	163	2	See	see	VB
29915	163	3	Chart	Chart	NNP
29915	163	4	3	3	CD
29915	163	5	.	.	.
29915	163	6	)	)	-RRB-
29915	164	1	By	by	IN
29915	164	2	the	the	DT
29915	164	3	time	time	NN
29915	164	4	it	-PRON-	PRP
29915	164	5	is	be	VBZ
29915	164	6	necessary	necessary	JJ
29915	164	7	for	for	IN
29915	164	8	you	-PRON-	PRP
29915	164	9	to	to	TO
29915	164	10	cover	cover	VB
29915	164	11	your	-PRON-	PRP$
29915	164	12	hedge	hedge	NN
29915	164	13	by	by	IN
29915	164	14	buying	buy	VBG
29915	164	15	an	an	DT
29915	164	16	equivalent	equivalent	JJ
29915	164	17	amount	amount	NN
29915	164	18	of	of	IN
29915	164	19	futures	future	NNS
29915	164	20	,	,	,
29915	164	21	the	the	DT
29915	164	22	market	market	NN
29915	164	23	may	may	MD
29915	164	24	have	have	VB
29915	164	25	declined	decline	VBN
29915	164	26	still	still	RB
29915	164	27	further	far	RBR
29915	164	28	,	,	,
29915	164	29	say	say	VB
29915	164	30	to	to	IN
29915	164	31	4.00	4.00	CD
29915	164	32	.	.	.
29915	165	1	You	-PRON-	PRP
29915	165	2	sold	sell	VBD
29915	165	3	at	at	IN
29915	165	4	5.00	5.00	CD
29915	165	5	,	,	,
29915	165	6	you	-PRON-	PRP
29915	165	7	bought	buy	VBD
29915	165	8	at	at	IN
29915	165	9	4.00	4.00	CD
29915	165	10	,	,	,
29915	165	11	profit	profit	NN
29915	165	12	on	on	IN
29915	165	13	that	that	DT
29915	165	14	operation	operation	NN
29915	165	15	,	,	,
29915	165	16	1.00	1.00	CD
29915	165	17	.	.	.
29915	166	1	Subtract	subtract	VB
29915	166	2	this	this	DT
29915	166	3	profit	profit	NN
29915	166	4	from	from	IN
29915	166	5	your	-PRON-	PRP$
29915	166	6	original	original	JJ
29915	166	7	cost	cost	NN
29915	166	8	(	(	-LRB-
29915	166	9	6.00	6.00	CD
29915	166	10	)	)	-RRB-
29915	166	11	and	and	CC
29915	166	12	figure	figure	VB
29915	166	13	your	-PRON-	PRP$
29915	166	14	sugar	sugar	NN
29915	166	15	cost	cost	NN
29915	166	16	at	at	IN
29915	166	17	5.00	5.00	CD
29915	166	18	.	.	.
29915	167	1	In	in	IN
29915	167	2	other	other	JJ
29915	167	3	words	word	NNS
29915	167	4	,	,	,
29915	167	5	although	although	IN
29915	167	6	the	the	DT
29915	167	7	market	market	NN
29915	167	8	went	go	VBD
29915	167	9	still	still	RB
29915	167	10	lower	low	JJR
29915	167	11	,	,	,
29915	167	12	you	-PRON-	PRP
29915	167	13	succeeded	succeed	VBD
29915	167	14	in	in	IN
29915	167	15	limiting	limit	VBG
29915	167	16	your	-PRON-	PRP$
29915	167	17	loss	loss	NN
29915	167	18	to	to	IN
29915	167	19	1.00	1.00	CD
29915	167	20	,	,	,
29915	167	21	as	as	IN
29915	167	22	compared	compare	VBN
29915	167	23	with	with	IN
29915	167	24	the	the	DT
29915	167	25	market	market	NN
29915	167	26	price	price	NN
29915	167	27	at	at	IN
29915	167	28	the	the	DT
29915	167	29	time	time	NN
29915	167	30	of	of	IN
29915	167	31	the	the	DT
29915	167	32	delivery	delivery	NN
29915	167	33	of	of	IN
29915	167	34	your	-PRON-	PRP$
29915	167	35	sugar	sugar	NN
29915	167	36	(	(	-LRB-
29915	167	37	or	or	CC
29915	167	38	at	at	IN
29915	167	39	the	the	DT
29915	167	40	time	time	NN
29915	167	41	you	-PRON-	PRP
29915	167	42	sell	sell	VBP
29915	167	43	it	-PRON-	PRP
29915	167	44	)	)	-RRB-
29915	167	45	.	.	.
29915	168	1	Had	have	VBD
29915	168	2	you	-PRON-	PRP
29915	168	3	omitted	omit	VBN
29915	168	4	the	the	DT
29915	168	5	hedge	hedge	NN
29915	168	6	,	,	,
29915	168	7	your	-PRON-	PRP$
29915	168	8	actual	actual	JJ
29915	168	9	sugar	sugar	NN
29915	168	10	cost	cost	NN
29915	168	11	would	would	MD
29915	168	12	have	have	VB
29915	168	13	been	be	VBN
29915	168	14	6.00	6.00	CD
29915	168	15	,	,	,
29915	168	16	which	which	WDT
29915	168	17	was	be	VBD
29915	168	18	2.00	2.00	CD
29915	168	19	above	above	IN
29915	168	20	the	the	DT
29915	168	21	market	market	NN
29915	168	22	.	.	.
29915	169	1	After	after	IN
29915	169	2	your	-PRON-	PRP$
29915	169	3	original	original	JJ
29915	169	4	purchase	purchase	NN
29915	169	5	at	at	IN
29915	169	6	6.00	6.00	CD
29915	169	7	,	,	,
29915	169	8	and	and	CC
29915	169	9	market	market	NN
29915	169	10	decline	decline	NN
29915	169	11	to	to	IN
29915	169	12	5.00	5.00	CD
29915	169	13	(	(	-LRB-
29915	169	14	at	at	IN
29915	169	15	which	which	WDT
29915	169	16	point	point	NN
29915	169	17	you	-PRON-	PRP
29915	169	18	hedged	hedge	VBD
29915	169	19	)	)	-RRB-
29915	169	20	,	,	,
29915	169	21	the	the	DT
29915	169	22	market	market	NN
29915	169	23	might	may	MD
29915	169	24	advance	advance	VB
29915	169	25	again	again	RB
29915	169	26	to	to	IN
29915	169	27	6.00	6.00	CD
29915	169	28	,	,	,
29915	169	29	or	or	CC
29915	169	30	remain	remain	VB
29915	169	31	steady	steady	JJ
29915	169	32	at	at	IN
29915	169	33	5.00	5.00	CD
29915	169	34	,	,	,
29915	169	35	but	but	CC
29915	169	36	the	the	DT
29915	169	37	operation	operation	NN
29915	169	38	is	be	VBZ
29915	169	39	no	no	RB
29915	169	40	different	different	JJ
29915	169	41	from	from	IN
29915	169	42	that	that	DT
29915	169	43	previously	previously	RB
29915	169	44	described	describe	VBN
29915	169	45	,	,	,
29915	169	46	and	and	CC
29915	169	47	you	-PRON-	PRP
29915	169	48	in	in	IN
29915	169	49	each	each	DT
29915	169	50	case	case	NN
29915	169	51	attain	attain	VB
29915	169	52	the	the	DT
29915	169	53	same	same	JJ
29915	169	54	result	result	NN
29915	169	55	.	.	.
29915	170	1	Buying	buying	NN
29915	170	2	of	of	IN
29915	170	3	Sugar	Sugar	NNP
29915	170	4	Futures	Futures	NNPS
29915	170	5	Refiners	Refiners	NNPS
29915	170	6	do	do	VBP
29915	170	7	not	not	RB
29915	170	8	make	make	VB
29915	170	9	a	a	DT
29915	170	10	practice	practice	NN
29915	170	11	of	of	IN
29915	170	12	taking	take	VBG
29915	170	13	orders	order	NNS
29915	170	14	more	more	JJR
29915	170	15	than	than	IN
29915	170	16	thirty	thirty	CD
29915	170	17	days	day	NNS
29915	170	18	in	in	IN
29915	170	19	advance	advance	NN
29915	170	20	of	of	IN
29915	170	21	actual	actual	JJ
29915	170	22	delivery	delivery	NN
29915	170	23	--	--	:
29915	170	24	but	but	CC
29915	170	25	there	there	EX
29915	170	26	are	be	VBP
29915	170	27	obviously	obviously	RB
29915	170	28	times	time	NNS
29915	170	29	when	when	WRB
29915	170	30	it	-PRON-	PRP
29915	170	31	is	be	VBZ
29915	170	32	advisable	advisable	JJ
29915	170	33	to	to	TO
29915	170	34	cover	cover	VB
29915	170	35	one	one	PRP
29915	170	36	's	's	POS
29915	170	37	requirements	requirement	NNS
29915	170	38	for	for	IN
29915	170	39	a	a	DT
29915	170	40	longer	long	JJR
29915	170	41	period	period	NN
29915	170	42	.	.	.
29915	171	1	A	a	DT
29915	171	2	jobber	jobber	NN
29915	171	3	may	may	MD
29915	171	4	do	do	VB
29915	171	5	this	this	DT
29915	171	6	on	on	IN
29915	171	7	the	the	DT
29915	171	8	Exchange	Exchange	NNP
29915	171	9	where	where	WRB
29915	171	10	he	-PRON-	PRP
29915	171	11	will	will	MD
29915	171	12	always	always	RB
29915	171	13	find	find	VB
29915	171	14	a	a	DT
29915	171	15	seller	seller	NN
29915	171	16	at	at	IN
29915	171	17	_	_	NNP
29915	171	18	some	some	DT
29915	171	19	_	_	NNP
29915	171	20	price	price	NN
29915	171	21	for	for	IN
29915	171	22	the	the	DT
29915	171	23	quantity	quantity	NN
29915	171	24	he	-PRON-	PRP
29915	171	25	desires	desire	VBZ
29915	171	26	.	.	.
29915	172	1	This	this	DT
29915	172	2	privilege	privilege	NN
29915	172	3	is	be	VBZ
29915	172	4	particularly	particularly	RB
29915	172	5	valuable	valuable	JJ
29915	172	6	to	to	IN
29915	172	7	:	:	:
29915	172	8	1	1	CD
29915	172	9	.	.	.
29915	173	1	Jobbers	jobber	NNS
29915	173	2	who	who	WP
29915	173	3	believe	believe	VBP
29915	173	4	that	that	IN
29915	173	5	the	the	DT
29915	173	6	market	market	NN
29915	173	7	price	price	NN
29915	173	8	of	of	IN
29915	173	9	Sugar	Sugar	NNP
29915	173	10	is	be	VBZ
29915	173	11	going	go	VBG
29915	173	12	higher	high	JJR
29915	173	13	and	and	CC
29915	173	14	who	who	WP
29915	173	15	desire	desire	VBP
29915	173	16	to	to	TO
29915	173	17	cover	cover	VB
29915	173	18	their	-PRON-	PRP$
29915	173	19	future	future	JJ
29915	173	20	requirements	requirement	NNS
29915	173	21	beyond	beyond	IN
29915	173	22	the	the	DT
29915	173	23	delay	delay	NN
29915	173	24	period	period	NN
29915	173	25	which	which	WDT
29915	173	26	refiners	refiner	NNS
29915	173	27	will	will	MD
29915	173	28	extend	extend	VB
29915	173	29	.	.	.
29915	174	1	2	2	LS
29915	174	2	.	.	.
29915	175	1	Jobbers	jobber	NNS
29915	175	2	,	,	,
29915	175	3	who	who	WP
29915	175	4	desire	desire	VBP
29915	175	5	to	to	TO
29915	175	6	sell	sell	VB
29915	175	7	to	to	IN
29915	175	8	manufacturing	manufacturing	NN
29915	175	9	customers	customer	NNS
29915	175	10	for	for	IN
29915	175	11	future	future	JJ
29915	175	12	delivery	delivery	NN
29915	175	13	at	at	IN
29915	175	14	a	a	DT
29915	175	15	fixed	fix	VBN
29915	175	16	price	price	NN
29915	175	17	so	so	IN
29915	175	18	that	that	IN
29915	175	19	these	these	DT
29915	175	20	manufacturing	manufacturing	NN
29915	175	21	customers	customer	NNS
29915	175	22	may	may	MD
29915	175	23	determine	determine	VB
29915	175	24	their	-PRON-	PRP$
29915	175	25	selling	selling	NN
29915	175	26	price	price	NN
29915	175	27	,	,	,
29915	175	28	may	may	MD
29915	175	29	do	do	VB
29915	175	30	so	so	RB
29915	175	31	by	by	IN
29915	175	32	the	the	DT
29915	175	33	use	use	NN
29915	175	34	of	of	IN
29915	175	35	the	the	DT
29915	175	36	Exchange	Exchange	NNP
29915	175	37	.	.	.
29915	176	1	_	_	NNP
29915	176	2	1	1	CD
29915	176	3	.	.	.
29915	177	1	Buying	buying	NN
29915	177	2	of	of	IN
29915	177	3	sugar	sugar	NN
29915	177	4	futures	future	NNS
29915	177	5	--	--	:
29915	177	6	Based	base	VBN
29915	177	7	upon	upon	IN
29915	177	8	the	the	DT
29915	177	9	expectation	expectation	NN
29915	177	10	of	of	IN
29915	177	11	higher	high	JJR
29915	177	12	prices	price	NNS
29915	177	13	_	_	NNP
29915	177	14	No	no	RB
29915	177	15	doubt	doubt	RB
29915	177	16	many	many	JJ
29915	177	17	jobbers	jobber	NNS
29915	177	18	will	will	MD
29915	177	19	recall	recall	VB
29915	177	20	occasions	occasion	NNS
29915	177	21	when	when	WRB
29915	177	22	anticipating	anticipate	VBG
29915	177	23	their	-PRON-	PRP$
29915	177	24	requirements	requirement	NNS
29915	177	25	seemed	seem	VBD
29915	177	26	obviously	obviously	RB
29915	177	27	advisable	advisable	JJ
29915	177	28	,	,	,
29915	177	29	perhaps	perhaps	RB
29915	177	30	almost	almost	RB
29915	177	31	imperative	imperative	JJ
29915	177	32	.	.	.
29915	178	1	Such	such	PDT
29915	178	2	a	a	DT
29915	178	3	jobber	jobber	NN
29915	178	4	would	would	MD
29915	178	5	be	be	VB
29915	178	6	one	one	CD
29915	178	7	who	who	WP
29915	178	8	believed	believe	VBD
29915	178	9	in	in	IN
29915	178	10	the	the	DT
29915	178	11	market	market	NN
29915	178	12	.	.	.
29915	179	1	His	-PRON-	PRP$
29915	179	2	action	action	NN
29915	179	3	would	would	MD
29915	179	4	be	be	VB
29915	179	5	based	base	VBN
29915	179	6	on	on	IN
29915	179	7	his	-PRON-	PRP$
29915	179	8	opinion	opinion	NN
29915	179	9	of	of	IN
29915	179	10	the	the	DT
29915	179	11	market	market	NN
29915	179	12	.	.	.
29915	180	1	He	-PRON-	PRP
29915	180	2	might	may	MD
29915	180	3	note	note	VB
29915	180	4	in	in	IN
29915	180	5	January	January	NNP
29915	180	6	,	,	,
29915	180	7	let	let	VB
29915	180	8	us	-PRON-	PRP
29915	180	9	say	say	VB
29915	180	10	,	,	,
29915	180	11	that	that	IN
29915	180	12	the	the	DT
29915	180	13	price	price	NN
29915	180	14	of	of	IN
29915	180	15	May	May	NNP
29915	180	16	or	or	CC
29915	180	17	July	July	NNP
29915	180	18	futures	future	NNS
29915	180	19	is	be	VBZ
29915	180	20	favorable	favorable	JJ
29915	180	21	.	.	.
29915	181	1	He	-PRON-	PRP
29915	181	2	would	would	MD
29915	181	3	like	like	VB
29915	181	4	to	to	TO
29915	181	5	get	get	VB
29915	181	6	his	-PRON-	PRP$
29915	181	7	May	May	NNP
29915	181	8	or	or	CC
29915	181	9	July	July	NNP
29915	181	10	sugar	sugar	NN
29915	181	11	at	at	IN
29915	181	12	about	about	IN
29915	181	13	that	that	DT
29915	181	14	figure	figure	NN
29915	181	15	.	.	.
29915	182	1	You	-PRON-	PRP
29915	182	2	yourself	-PRON-	PRP
29915	182	3	probably	probably	RB
29915	182	4	can	can	MD
29915	182	5	recollect	recollect	VB
29915	182	6	many	many	JJ
29915	182	7	times	time	NNS
29915	182	8	in	in	IN
29915	182	9	the	the	DT
29915	182	10	past	past	NN
29915	182	11	,	,	,
29915	182	12	when	when	WRB
29915	182	13	the	the	DT
29915	182	14	general	general	JJ
29915	182	15	market	market	NN
29915	182	16	was	be	VBD
29915	182	17	in	in	IN
29915	182	18	such	such	PDT
29915	182	19	a	a	DT
29915	182	20	strong	strong	JJ
29915	182	21	position	position	NN
29915	182	22	fundamentally	fundamentally	RB
29915	182	23	that	that	IN
29915	182	24	anticipating	anticipate	VBG
29915	182	25	your	-PRON-	PRP$
29915	182	26	requirements	requirement	NNS
29915	182	27	seemed	seem	VBD
29915	182	28	advisable	advisable	JJ
29915	182	29	.	.	.
29915	183	1	You	-PRON-	PRP
29915	183	2	decided	decide	VBD
29915	183	3	to	to	TO
29915	183	4	buy	buy	VB
29915	183	5	a	a	DT
29915	183	6	considerable	considerable	JJ
29915	183	7	quantity	quantity	NN
29915	183	8	only	only	RB
29915	183	9	to	to	TO
29915	183	10	find	find	VB
29915	183	11	that	that	IN
29915	183	12	refiners	refiner	NNS
29915	183	13	would	would	MD
29915	183	14	not	not	RB
29915	183	15	sell	sell	VB
29915	183	16	you	-PRON-	PRP
29915	183	17	to	to	IN
29915	183	18	the	the	DT
29915	183	19	extent	extent	NN
29915	183	20	that	that	WDT
29915	183	21	you	-PRON-	PRP
29915	183	22	wished	wish	VBD
29915	183	23	to	to	TO
29915	183	24	purchase	purchase	VB
29915	183	25	.	.	.
29915	184	1	When	when	WRB
29915	184	2	covering	cover	VBG
29915	184	3	your	-PRON-	PRP$
29915	184	4	future	future	JJ
29915	184	5	requirements	requirement	NNS
29915	184	6	on	on	IN
29915	184	7	the	the	DT
29915	184	8	Exchange	Exchange	NNP
29915	184	9	,	,	,
29915	184	10	you	-PRON-	PRP
29915	184	11	can	can	MD
29915	184	12	buy	buy	VB
29915	184	13	any	any	DT
29915	184	14	quantity	quantity	NN
29915	184	15	desired	desire	VBN
29915	184	16	.	.	.
29915	185	1	Consider	consider	VB
29915	185	2	also	also	RB
29915	185	3	on	on	IN
29915	185	4	how	how	WRB
29915	185	5	many	many	JJ
29915	185	6	occasions	occasion	NNS
29915	185	7	when	when	WRB
29915	185	8	you	-PRON-	PRP
29915	185	9	wanted	want	VBD
29915	185	10	and	and	CC
29915	185	11	_	_	NNP
29915	185	12	needed	need	VBD
29915	185	13	_	_	NNP
29915	185	14	a	a	DT
29915	185	15	definite	definite	JJ
29915	185	16	future	future	JJ
29915	185	17	month	month	NN
29915	185	18	of	of	IN
29915	185	19	shipment	shipment	NN
29915	185	20	,	,	,
29915	185	21	you	-PRON-	PRP
29915	185	22	have	have	VBP
29915	185	23	been	be	VBN
29915	185	24	told	tell	VBN
29915	185	25	that	that	IN
29915	185	26	"	"	``
29915	185	27	_	_	NNP
29915	185	28	as	as	RB
29915	185	29	soon	soon	RB
29915	185	30	as	as	IN
29915	185	31	possible	possible	JJ
29915	185	32	_	_	NNP
29915	185	33	"	"	''
29915	185	34	was	be	VBD
29915	185	35	the	the	DT
29915	185	36	only	only	JJ
29915	185	37	acceptable	acceptable	JJ
29915	185	38	basis	basis	NN
29915	185	39	.	.	.
29915	186	1	Or	or	CC
29915	186	2	have	have	VB
29915	186	3	you	-PRON-	PRP
29915	186	4	had	have	VBN
29915	186	5	the	the	DT
29915	186	6	experience	experience	NN
29915	186	7	of	of	IN
29915	186	8	placing	place	VBG
29915	186	9	an	an	DT
29915	186	10	order	order	NN
29915	186	11	and	and	CC
29915	186	12	waiting	wait	VBG
29915	186	13	twenty	twenty	CD
29915	186	14	-	-	HYPH
29915	186	15	four	four	CD
29915	186	16	or	or	CC
29915	186	17	thirty	thirty	CD
29915	186	18	-	-	HYPH
29915	186	19	six	six	CD
29915	186	20	hours	hour	NNS
29915	186	21	without	without	IN
29915	186	22	knowing	know	VBG
29915	186	23	if	if	IN
29915	186	24	the	the	DT
29915	186	25	refiner	refiner	NN
29915	186	26	would	would	MD
29915	186	27	accept	accept	VB
29915	186	28	your	-PRON-	PRP$
29915	186	29	order	order	NN
29915	186	30	?	?	.
29915	187	1	Meanwhile	meanwhile	RB
29915	187	2	the	the	DT
29915	187	3	market	market	NN
29915	187	4	might	may	MD
29915	187	5	have	have	VB
29915	187	6	advanced	advance	VBN
29915	187	7	,	,	,
29915	187	8	and	and	CC
29915	187	9	,	,	,
29915	187	10	if	if	IN
29915	187	11	your	-PRON-	PRP$
29915	187	12	order	order	NN
29915	187	13	had	have	VBD
29915	187	14	been	be	VBN
29915	187	15	declined	decline	VBN
29915	187	16	,	,	,
29915	187	17	you	-PRON-	PRP
29915	187	18	would	would	MD
29915	187	19	have	have	VB
29915	187	20	had	have	VBN
29915	187	21	to	to	TO
29915	187	22	pay	pay	VB
29915	187	23	an	an	DT
29915	187	24	even	even	RB
29915	187	25	higher	high	JJR
29915	187	26	price	price	NN
29915	187	27	for	for	IN
29915	187	28	your	-PRON-	PRP$
29915	187	29	sugar	sugar	NN
29915	187	30	.	.	.
29915	188	1	The	the	DT
29915	188	2	facilities	facility	NNS
29915	188	3	of	of	IN
29915	188	4	the	the	DT
29915	188	5	exchange	exchange	NN
29915	188	6	offer	offer	VBP
29915	188	7	opportunities	opportunity	NNS
29915	188	8	for	for	IN
29915	188	9	protecting	protect	VBG
29915	188	10	requirements	requirement	NNS
29915	188	11	_	_	NNP
29915	188	12	quickly	quickly	RB
29915	188	13	_	_	NNP
29915	188	14	and	and	CC
29915	188	15	without	without	IN
29915	188	16	the	the	DT
29915	188	17	uncertainty	uncertainty	NN
29915	188	18	and	and	CC
29915	188	19	delay	delay	NN
29915	188	20	sometimes	sometimes	RB
29915	188	21	encountered	encounter	VBN
29915	188	22	from	from	IN
29915	188	23	refiners	refiner	NNS
29915	188	24	.	.	.
29915	189	1	A	a	DT
29915	189	2	jobber	jobber	NN
29915	189	3	must	must	MD
29915	189	4	anticipate	anticipate	VB
29915	189	5	the	the	DT
29915	189	6	market	market	NN
29915	189	7	in	in	IN
29915	189	8	order	order	NN
29915	189	9	to	to	TO
29915	189	10	take	take	VB
29915	189	11	full	full	JJ
29915	189	12	advantage	advantage	NN
29915	189	13	of	of	IN
29915	189	14	it	-PRON-	PRP
29915	189	15	,	,	,
29915	189	16	and	and	CC
29915	189	17	in	in	IN
29915	189	18	this	this	DT
29915	189	19	connection	connection	NN
29915	189	20	it	-PRON-	PRP
29915	189	21	should	should	MD
29915	189	22	be	be	VB
29915	189	23	borne	bear	VBN
29915	189	24	in	in	IN
29915	189	25	mind	mind	NN
29915	189	26	that	that	IN
29915	189	27	the	the	DT
29915	189	28	Sugar	Sugar	NNP
29915	189	29	Exchange	Exchange	NNP
29915	189	30	,	,	,
29915	189	31	as	as	IN
29915	189	32	in	in	IN
29915	189	33	the	the	DT
29915	189	34	case	case	NN
29915	189	35	of	of	IN
29915	189	36	practically	practically	RB
29915	189	37	all	all	DT
29915	189	38	exchanges	exchange	NNS
29915	189	39	,	,	,
29915	189	40	usually	usually	RB
29915	189	41	anticipates	anticipate	VBZ
29915	189	42	either	either	CC
29915	189	43	favorable	favorable	JJ
29915	189	44	or	or	CC
29915	189	45	unfavorable	unfavorable	JJ
29915	189	46	developments	development	NNS
29915	189	47	in	in	IN
29915	189	48	the	the	DT
29915	189	49	market	market	NN
29915	189	50	for	for	IN
29915	189	51	the	the	DT
29915	189	52	actual	actual	JJ
29915	189	53	commodity	commodity	NN
29915	189	54	.	.	.
29915	190	1	Consequently	consequently	RB
29915	190	2	,	,	,
29915	190	3	prompt	prompt	JJ
29915	190	4	action	action	NN
29915	190	5	is	be	VBZ
29915	190	6	necessary	necessary	JJ
29915	190	7	when	when	WRB
29915	190	8	either	either	CC
29915	190	9	a	a	DT
29915	190	10	higher	high	JJR
29915	190	11	or	or	CC
29915	190	12	lower	low	JJR
29915	190	13	market	market	NN
29915	190	14	is	be	VBZ
29915	190	15	expected	expect	VBN
29915	190	16	,	,	,
29915	190	17	as	as	IN
29915	190	18	the	the	DT
29915	190	19	Exchange	Exchange	NNP
29915	190	20	market	market	NN
29915	190	21	will	will	MD
29915	190	22	usually	usually	RB
29915	190	23	be	be	VB
29915	190	24	the	the	DT
29915	190	25	first	first	JJ
29915	190	26	to	to	TO
29915	190	27	reflect	reflect	VB
29915	190	28	changing	change	VBG
29915	190	29	conditions	condition	NNS
29915	190	30	.	.	.
29915	191	1	Suppose	suppose	VB
29915	191	2	you	-PRON-	PRP
29915	191	3	feel	feel	VBP
29915	191	4	that	that	IN
29915	191	5	the	the	DT
29915	191	6	price	price	NN
29915	191	7	of	of	IN
29915	191	8	sugar	sugar	NN
29915	191	9	is	be	VBZ
29915	191	10	low	low	JJ
29915	191	11	and	and	CC
29915	191	12	probably	probably	RB
29915	191	13	going	go	VBG
29915	191	14	higher	high	JJR
29915	191	15	.	.	.
29915	192	1	You	-PRON-	PRP
29915	192	2	try	try	VBP
29915	192	3	to	to	TO
29915	192	4	anticipate	anticipate	VB
29915	192	5	your	-PRON-	PRP$
29915	192	6	requirements	requirement	NNS
29915	192	7	for	for	IN
29915	192	8	some	some	DT
29915	192	9	time	time	NN
29915	192	10	to	to	TO
29915	192	11	come	come	VB
29915	192	12	,	,	,
29915	192	13	but	but	CC
29915	192	14	find	find	VB
29915	192	15	that	that	IN
29915	192	16	refiners	refiner	NNS
29915	192	17	will	will	MD
29915	192	18	not	not	RB
29915	192	19	sell	sell	VB
29915	192	20	for	for	IN
29915	192	21	more	more	JJR
29915	192	22	than	than	IN
29915	192	23	thirty	thirty	CD
29915	192	24	days	day	NNS
29915	192	25	.	.	.
29915	193	1	You	-PRON-	PRP
29915	193	2	can	can	MD
29915	193	3	go	go	VB
29915	193	4	on	on	IN
29915	193	5	the	the	DT
29915	193	6	Exchange	Exchange	NNP
29915	193	7	and	and	CC
29915	193	8	buy	buy	VB
29915	193	9	futures	future	NNS
29915	193	10	in	in	IN
29915	193	11	the	the	DT
29915	193	12	quantity	quantity	NN
29915	193	13	and	and	CC
29915	193	14	month	month	NN
29915	193	15	desired	desire	VBD
29915	193	16	.	.	.
29915	194	1	Assume	assume	VB
29915	194	2	then	then	RB
29915	194	3	,	,	,
29915	194	4	that	that	IN
29915	194	5	you	-PRON-	PRP
29915	194	6	pay	pay	VBP
29915	194	7	6.00	6.00	CD
29915	194	8	for	for	IN
29915	194	9	your	-PRON-	PRP$
29915	194	10	futures	future	NNS
29915	194	11	.	.	.
29915	195	1	Now	now	RB
29915	195	2	,	,	,
29915	195	3	whatever	whatever	WDT
29915	195	4	happens	happen	VBZ
29915	195	5	in	in	IN
29915	195	6	the	the	DT
29915	195	7	sugar	sugar	NN
29915	195	8	market	market	NN
29915	195	9	,	,	,
29915	195	10	you	-PRON-	PRP
29915	195	11	know	know	VBP
29915	195	12	you	-PRON-	PRP
29915	195	13	can	can	MD
29915	195	14	get	get	VB
29915	195	15	the	the	DT
29915	195	16	quantity	quantity	NN
29915	195	17	of	of	IN
29915	195	18	sugar	sugar	NN
29915	195	19	desired	desire	VBN
29915	195	20	at	at	IN
29915	195	21	about	about	RB
29915	195	22	6.00	6.00	CD
29915	195	23	(	(	-LRB-
29915	195	24	see	see	VB
29915	195	25	Chart	Chart	NNP
29915	195	26	4	4	CD
29915	195	27	)	)	-RRB-
29915	195	28	.	.	.
29915	196	1	The	the	DT
29915	196	2	market	market	NN
29915	196	3	will	will	MD
29915	196	4	advance	advance	VB
29915	196	5	,	,	,
29915	196	6	decline	decline	VB
29915	196	7	or	or	CC
29915	196	8	hold	hold	VB
29915	196	9	steady	steady	JJ
29915	196	10	.	.	.
29915	197	1	Say	say	VB
29915	197	2	the	the	DT
29915	197	3	market	market	NN
29915	197	4	advances	advance	VBZ
29915	197	5	.	.	.
29915	198	1	When	when	WRB
29915	198	2	it	-PRON-	PRP
29915	198	3	seems	seem	VBZ
29915	198	4	advisable	advisable	JJ
29915	198	5	to	to	TO
29915	198	6	close	close	VB
29915	198	7	out	out	RP
29915	198	8	your	-PRON-	PRP$
29915	198	9	Exchange	exchange	NN
29915	198	10	contract	contract	NN
29915	198	11	and	and	CC
29915	198	12	buy	buy	VB
29915	198	13	actual	actual	JJ
29915	198	14	sugar	sugar	NN
29915	198	15	,	,	,
29915	198	16	the	the	DT
29915	198	17	price	price	NN
29915	198	18	may	may	MD
29915	198	19	have	have	VB
29915	198	20	gone	go	VBN
29915	198	21	up	up	RB
29915	198	22	to	to	IN
29915	198	23	8.00	8.00	CD
29915	198	24	.	.	.
29915	199	1	You	-PRON-	PRP
29915	199	2	will	will	MD
29915	199	3	then	then	RB
29915	199	4	sell	sell	VB
29915	199	5	your	-PRON-	PRP$
29915	199	6	futures	future	NNS
29915	199	7	at	at	IN
29915	199	8	about	about	RB
29915	199	9	8.00	8.00	CD
29915	199	10	,	,	,
29915	199	11	go	go	VB
29915	199	12	into	into	IN
29915	199	13	the	the	DT
29915	199	14	market	market	NN
29915	199	15	and	and	CC
29915	199	16	buy	buy	VB
29915	199	17	actual	actual	JJ
29915	199	18	sugar	sugar	NN
29915	199	19	at	at	IN
29915	199	20	the	the	DT
29915	199	21	same	same	JJ
29915	199	22	price	price	NN
29915	199	23	,	,	,
29915	199	24	assuming	assume	VBG
29915	199	25	,	,	,
29915	199	26	of	of	IN
29915	199	27	course	course	NN
29915	199	28	,	,	,
29915	199	29	that	that	IN
29915	199	30	the	the	DT
29915	199	31	actual	actual	JJ
29915	199	32	market	market	NN
29915	199	33	has	have	VBZ
29915	199	34	advanced	advance	VBN
29915	199	35	in	in	IN
29915	199	36	relative	relative	JJ
29915	199	37	proportion	proportion	NN
29915	199	38	--	--	:
29915	199	39	which	which	WDT
29915	199	40	is	be	VBZ
29915	199	41	likely	likely	JJ
29915	199	42	.	.	.
29915	200	1	Although	although	IN
29915	200	2	actual	actual	JJ
29915	200	3	sugar	sugar	NN
29915	200	4	has	have	VBZ
29915	200	5	cost	cost	VBN
29915	200	6	you	-PRON-	PRP
29915	200	7	2.00	2.00	CD
29915	200	8	more	more	JJR
29915	200	9	than	than	IN
29915	200	10	you	-PRON-	PRP
29915	200	11	had	have	VBD
29915	200	12	figured	figure	VBN
29915	200	13	,	,	,
29915	200	14	you	-PRON-	PRP
29915	200	15	have	have	VBP
29915	200	16	made	make	VBN
29915	200	17	2.00	2.00	CD
29915	200	18	on	on	IN
29915	200	19	your	-PRON-	PRP$
29915	200	20	futures	future	NNS
29915	200	21	.	.	.
29915	201	1	Profit	profit	NN
29915	201	2	and	and	CC
29915	201	3	loss	loss	NN
29915	201	4	cancel	cancel	VB
29915	201	5	each	each	DT
29915	201	6	other	other	JJ
29915	201	7	.	.	.
29915	202	1	Your	-PRON-	PRP$
29915	202	2	sugar	sugar	NN
29915	202	3	cost	cost	NN
29915	202	4	is	be	VBZ
29915	202	5	6.00	6.00	CD
29915	202	6	.	.	.
29915	203	1	On	on	IN
29915	203	2	the	the	DT
29915	203	3	other	other	JJ
29915	203	4	hand	hand	NN
29915	203	5	,	,	,
29915	203	6	suppose	suppose	VB
29915	203	7	the	the	DT
29915	203	8	market	market	NN
29915	203	9	declines	decline	NNS
29915	203	10	after	after	IN
29915	203	11	you	-PRON-	PRP
29915	203	12	have	have	VBP
29915	203	13	bought	buy	VBN
29915	203	14	futures	future	NNS
29915	203	15	at	at	IN
29915	203	16	6.00	6.00	CD
29915	203	17	,	,	,
29915	203	18	and	and	CC
29915	203	19	goes	go	VBZ
29915	203	20	down	down	RB
29915	203	21	to	to	IN
29915	203	22	4.00	4.00	CD
29915	203	23	,	,	,
29915	203	24	when	when	WRB
29915	203	25	it	-PRON-	PRP
29915	203	26	seems	seem	VBZ
29915	203	27	advisable	advisable	JJ
29915	203	28	to	to	TO
29915	203	29	close	close	VB
29915	203	30	out	out	RP
29915	203	31	your	-PRON-	PRP$
29915	203	32	Exchange	exchange	NN
29915	203	33	contract	contract	NN
29915	203	34	.	.	.
29915	204	1	You	-PRON-	PRP
29915	204	2	sell	sell	VBP
29915	204	3	your	-PRON-	PRP$
29915	204	4	futures	future	NNS
29915	204	5	at	at	IN
29915	204	6	4.00	4.00	CD
29915	204	7	,	,	,
29915	204	8	a	a	DT
29915	204	9	loss	loss	NN
29915	204	10	of	of	IN
29915	204	11	2.00	2.00	CD
29915	204	12	.	.	.
29915	205	1	But	but	CC
29915	205	2	you	-PRON-	PRP
29915	205	3	will	will	MD
29915	205	4	also	also	RB
29915	205	5	buy	buy	VB
29915	205	6	your	-PRON-	PRP$
29915	205	7	actual	actual	JJ
29915	205	8	sugar	sugar	NN
29915	205	9	at	at	IN
29915	205	10	4.00	4.00	CD
29915	205	11	,	,	,
29915	205	12	which	which	WDT
29915	205	13	is	be	VBZ
29915	205	14	2.00	2.00	CD
29915	205	15	lower	low	JJR
29915	205	16	than	than	IN
29915	205	17	you	-PRON-	PRP
29915	205	18	had	have	VBD
29915	205	19	planned	plan	VBN
29915	205	20	.	.	.
29915	206	1	Your	-PRON-	PRP$
29915	206	2	actual	actual	JJ
29915	206	3	sugar	sugar	NN
29915	206	4	cost	cost	NN
29915	206	5	was	be	VBD
29915	206	6	therefore	therefore	RB
29915	206	7	6.00	6.00	CD
29915	206	8	,	,	,
29915	206	9	which	which	WDT
29915	206	10	is	be	VBZ
29915	206	11	the	the	DT
29915	206	12	price	price	NN
29915	206	13	you	-PRON-	PRP
29915	206	14	had	have	VBD
29915	206	15	figured	figure	VBN
29915	206	16	was	be	VBD
29915	206	17	favorable	favorable	JJ
29915	206	18	.	.	.
29915	207	1	If	if	IN
29915	207	2	the	the	DT
29915	207	3	price	price	NN
29915	207	4	still	still	RB
29915	207	5	is	be	VBZ
29915	207	6	at	at	IN
29915	207	7	6.00	6.00	CD
29915	207	8	when	when	WRB
29915	207	9	you	-PRON-	PRP
29915	207	10	desire	desire	VBP
29915	207	11	to	to	TO
29915	207	12	liquidate	liquidate	VB
29915	207	13	,	,	,
29915	207	14	you	-PRON-	PRP
29915	207	15	would	would	MD
29915	207	16	sell	sell	VB
29915	207	17	your	-PRON-	PRP$
29915	207	18	futures	future	NNS
29915	207	19	and	and	CC
29915	207	20	buy	buy	VB
29915	207	21	your	-PRON-	PRP$
29915	207	22	actual	actual	JJ
29915	207	23	sugar	sugar	NN
29915	207	24	at	at	IN
29915	207	25	about	about	IN
29915	207	26	the	the	DT
29915	207	27	same	same	JJ
29915	207	28	price	price	NN
29915	207	29	.	.	.
29915	208	1	Thus	thus	RB
29915	208	2	you	-PRON-	PRP
29915	208	3	have	have	VBP
29915	208	4	neither	neither	CC
29915	208	5	gained	gain	VBN
29915	208	6	nor	nor	CC
29915	208	7	lost	lose	VBN
29915	208	8	,	,	,
29915	208	9	but	but	CC
29915	208	10	you	-PRON-	PRP
29915	208	11	have	have	VBP
29915	208	12	been	be	VBN
29915	208	13	sure	sure	JJ
29915	208	14	of	of	IN
29915	208	15	getting	get	VBG
29915	208	16	sugar	sugar	NN
29915	208	17	at	at	IN
29915	208	18	6.00	6.00	CD
29915	208	19	,	,	,
29915	208	20	which	which	WDT
29915	208	21	is	be	VBZ
29915	208	22	the	the	DT
29915	208	23	price	price	NN
29915	208	24	you	-PRON-	PRP
29915	208	25	felt	feel	VBD
29915	208	26	was	be	VBD
29915	208	27	low	low	JJ
29915	208	28	.	.	.
29915	209	1	The	the	DT
29915	209	2	time	time	NN
29915	209	3	to	to	TO
29915	209	4	buy	buy	VB
29915	209	5	actual	actual	JJ
29915	209	6	sugar	sugar	NN
29915	209	7	is	be	VBZ
29915	209	8	generally	generally	RB
29915	209	9	when	when	WRB
29915	209	10	the	the	DT
29915	209	11	market	market	NN
29915	209	12	becomes	become	VBZ
29915	209	13	strong	strong	JJ
29915	209	14	and	and	CC
29915	209	15	an	an	DT
29915	209	16	advance	advance	NN
29915	209	17	in	in	IN
29915	209	18	the	the	DT
29915	209	19	price	price	NN
29915	209	20	of	of	IN
29915	209	21	the	the	DT
29915	209	22	actual	actual	JJ
29915	209	23	commodity	commodity	NN
29915	209	24	seems	seem	VBZ
29915	209	25	imminent	imminent	JJ
29915	209	26	;	;	:
29915	209	27	but	but	CC
29915	209	28	the	the	DT
29915	209	29	time	time	NN
29915	209	30	to	to	TO
29915	209	31	buy	buy	VB
29915	209	32	sugar	sugar	NN
29915	209	33	futures	future	NNS
29915	209	34	is	be	VBZ
29915	209	35	before	before	IN
29915	209	36	the	the	DT
29915	209	37	strength	strength	NN
29915	209	38	develops	develop	VBZ
29915	209	39	.	.	.
29915	210	1	The	the	DT
29915	210	2	future	future	JJ
29915	210	3	market	market	NN
29915	210	4	invariably	invariably	RB
29915	210	5	discounts	discount	NNS
29915	210	6	declines	decline	VBZ
29915	210	7	and	and	CC
29915	210	8	anticipates	anticipate	VBZ
29915	210	9	advances	advance	NNS
29915	210	10	.	.	.
29915	211	1	_	_	NNP
29915	211	2	2	2	CD
29915	211	3	.	.	.
29915	212	1	Buying	buying	NN
29915	212	2	of	of	IN
29915	212	3	Sugar	Sugar	NNP
29915	212	4	Futures	Futures	NNPS
29915	212	5	to	to	TO
29915	212	6	protect	protect	VB
29915	212	7	profits	profit	NNS
29915	212	8	on	on	IN
29915	212	9	advance	advance	NN
29915	212	10	sales	sale	NNS
29915	212	11	to	to	IN
29915	212	12	customers	customer	NNS
29915	212	13	_	_	XX
29915	212	14	While	while	IN
29915	212	15	it	-PRON-	PRP
29915	212	16	may	may	MD
29915	212	17	not	not	RB
29915	212	18	be	be	VB
29915	212	19	an	an	DT
29915	212	20	established	establish	VBN
29915	212	21	custom	custom	NN
29915	212	22	,	,	,
29915	212	23	we	-PRON-	PRP
29915	212	24	know	know	VBP
29915	212	25	numerous	numerous	JJ
29915	212	26	instances	instance	NNS
29915	212	27	where	where	WRB
29915	212	28	jobbers	jobber	NNS
29915	212	29	have	have	VBP
29915	212	30	sold	sell	VBN
29915	212	31	sugars	sugar	NNS
29915	212	32	in	in	IN
29915	212	33	small	small	JJ
29915	212	34	quantities	quantity	NNS
29915	212	35	for	for	IN
29915	212	36	future	future	JJ
29915	212	37	delivery	delivery	NN
29915	212	38	.	.	.
29915	213	1	The	the	DT
29915	213	2	examples	example	NNS
29915	213	3	to	to	TO
29915	213	4	which	which	WDT
29915	213	5	we	-PRON-	PRP
29915	213	6	refer	refer	VBP
29915	213	7	are	be	VBP
29915	213	8	small	small	JJ
29915	213	9	manufacturers	manufacturer	NNS
29915	213	10	buying	buy	VBG
29915	213	11	sugar	sugar	NN
29915	213	12	locally	locally	RB
29915	213	13	,	,	,
29915	213	14	who	who	WP
29915	213	15	,	,	,
29915	213	16	when	when	WRB
29915	213	17	the	the	DT
29915	213	18	market	market	NN
29915	213	19	appears	appear	VBZ
29915	213	20	in	in	IN
29915	213	21	a	a	DT
29915	213	22	strong	strong	JJ
29915	213	23	condition	condition	NN
29915	213	24	desire	desire	NN
29915	213	25	to	to	TO
29915	213	26	be	be	VB
29915	213	27	assured	assure	VBN
29915	213	28	of	of	IN
29915	213	29	their	-PRON-	PRP$
29915	213	30	regular	regular	JJ
29915	213	31	supply	supply	NN
29915	213	32	of	of	IN
29915	213	33	sugar	sugar	NN
29915	213	34	at	at	IN
29915	213	35	a	a	DT
29915	213	36	specified	specify	VBN
29915	213	37	price	price	NN
29915	213	38	.	.	.
29915	214	1	Under	under	IN
29915	214	2	such	such	JJ
29915	214	3	conditions	condition	NNS
29915	214	4	we	-PRON-	PRP
29915	214	5	have	have	VBP
29915	214	6	known	know	VBN
29915	214	7	jobbers	jobber	NNS
29915	214	8	to	to	TO
29915	214	9	sell	sell	VB
29915	214	10	them	-PRON-	PRP
29915	214	11	sugar	sugar	NN
29915	214	12	for	for	IN
29915	214	13	delivery	delivery	NN
29915	214	14	over	over	IN
29915	214	15	several	several	JJ
29915	214	16	months	month	NNS
29915	214	17	.	.	.
29915	215	1	If	if	IN
29915	215	2	at	at	IN
29915	215	3	any	any	DT
29915	215	4	time	time	NN
29915	215	5	you	-PRON-	PRP
29915	215	6	are	be	VBP
29915	215	7	placed	place	VBN
29915	215	8	in	in	IN
29915	215	9	a	a	DT
29915	215	10	similar	similar	JJ
29915	215	11	position	position	NN
29915	215	12	,	,	,
29915	215	13	and	and	CC
29915	215	14	desire	desire	VB
29915	215	15	to	to	TO
29915	215	16	take	take	VB
29915	215	17	care	care	NN
29915	215	18	of	of	IN
29915	215	19	your	-PRON-	PRP$
29915	215	20	customers	customer	NNS
29915	215	21	in	in	IN
29915	215	22	this	this	DT
29915	215	23	manner	manner	NN
29915	215	24	,	,	,
29915	215	25	without	without	IN
29915	215	26	incurring	incur	VBG
29915	215	27	too	too	RB
29915	215	28	great	great	JJ
29915	215	29	a	a	DT
29915	215	30	risk	risk	NN
29915	215	31	,	,	,
29915	215	32	the	the	DT
29915	215	33	Exchange	Exchange	NNP
29915	215	34	offers	offer	VBZ
29915	215	35	exceptional	exceptional	JJ
29915	215	36	opportunities	opportunity	NNS
29915	215	37	for	for	IN
29915	215	38	protection	protection	NN
29915	215	39	,	,	,
29915	215	40	as	as	IN
29915	215	41	,	,	,
29915	215	42	of	of	IN
29915	215	43	course	course	NN
29915	215	44	,	,	,
29915	215	45	you	-PRON-	PRP
29915	215	46	would	would	MD
29915	215	47	be	be	VB
29915	215	48	able	able	JJ
29915	215	49	to	to	TO
29915	215	50	buy	buy	VB
29915	215	51	sugar	sugar	NN
29915	215	52	for	for	IN
29915	215	53	delivery	delivery	NN
29915	215	54	in	in	IN
29915	215	55	any	any	DT
29915	215	56	month	month	NN
29915	215	57	you	-PRON-	PRP
29915	215	58	desire	desire	VBP
29915	215	59	,	,	,
29915	215	60	even	even	RB
29915	215	61	as	as	RB
29915	215	62	far	far	RB
29915	215	63	in	in	IN
29915	215	64	advance	advance	NN
29915	215	65	as	as	IN
29915	215	66	one	one	CD
29915	215	67	year	year	NN
29915	215	68	.	.	.
29915	216	1	It	-PRON-	PRP
29915	216	2	is	be	VBZ
29915	216	3	clear	clear	JJ
29915	216	4	that	that	IN
29915	216	5	if	if	IN
29915	216	6	you	-PRON-	PRP
29915	216	7	sell	sell	VBP
29915	216	8	at	at	IN
29915	216	9	a	a	DT
29915	216	10	specified	specify	VBN
29915	216	11	price	price	NN
29915	216	12	for	for	IN
29915	216	13	delivery	delivery	NN
29915	216	14	at	at	IN
29915	216	15	a	a	DT
29915	216	16	certain	certain	JJ
29915	216	17	time	time	NN
29915	216	18	,	,	,
29915	216	19	your	-PRON-	PRP$
29915	216	20	only	only	JJ
29915	216	21	protection	protection	NN
29915	216	22	is	be	VBZ
29915	216	23	your	-PRON-	PRP$
29915	216	24	belief	belief	NN
29915	216	25	that	that	IN
29915	216	26	you	-PRON-	PRP
29915	216	27	'll	will	MD
29915	216	28	be	be	VB
29915	216	29	able	able	JJ
29915	216	30	to	to	TO
29915	216	31	buy	buy	VB
29915	216	32	sugar	sugar	NN
29915	216	33	cheaply	cheaply	RB
29915	216	34	enough	enough	RB
29915	216	35	to	to	TO
29915	216	36	make	make	VB
29915	216	37	a	a	DT
29915	216	38	profit	profit	NN
29915	216	39	.	.	.
29915	217	1	CHART	CHART	NNP
29915	217	2	4	4	CD
29915	217	3	----------------------------------------------------------------------------	----------------------------------------------------------------------------	CD
29915	217	4	BUYING	buy	VBG
29915	217	5	SUGAR	sugar	NN
29915	217	6	FUTURES	futures	NN
29915	217	7	1	1	CD
29915	217	8	.	.	.
29915	218	1	Based	base	VBN
29915	218	2	on	on	IN
29915	218	3	the	the	DT
29915	218	4	expectation	expectation	NN
29915	218	5	of	of	IN
29915	218	6	higher	high	JJR
29915	218	7	prices	price	NNS
29915	218	8	.	.	.
29915	219	1	2	2	LS
29915	219	2	.	.	.
29915	220	1	To	to	TO
29915	220	2	establish	establish	VB
29915	220	3	costs	cost	NNS
29915	220	4	,	,	,
29915	220	5	pre	pre	JJ
29915	220	6	-	-	JJ
29915	220	7	determine	determine	JJ
29915	220	8	selling	sell	VBG
29915	220	9	prices	price	NNS
29915	220	10	and	and	CC
29915	220	11	protect	protect	VB
29915	220	12	profits	profit	NNS
29915	220	13	on	on	IN
29915	220	14	advance	advance	NN
29915	220	15	sales	sale	NNS
29915	220	16	.	.	.
29915	221	1	----------------------------------------------------------------------------	----------------------------------------------------------------------------	NFP
29915	221	2	Initial	Initial	NNP
29915	221	3	|	|	NNP
29915	221	4	|	|	NNP
29915	221	5	|	|	NNP
29915	221	6	Transactions	transaction	NNS
29915	221	7	|	|	NNP
29915	221	8	Subsequent	Subsequent	NNP
29915	221	9	Transactions	Transactions	NNPS
29915	221	10	|Sugar	|sugar	POS
29915	221	11	Cost	cost	NN
29915	221	12	|	|	CD
29915	221	13	Result	result	NN
29915	221	14	-------------+------+----------+--------+-------+------+------------+-------	-------------+------+----------+--------+-------+------+------------+-------	NFP
29915	221	15	|	|	NNP
29915	221	16	|Condition	|Condition	NNP
29915	221	17	|	|	NNP
29915	221	18	Price	price	NN
29915	221	19	|Result	|result	CD
29915	221	20	|Price	|price	NN
29915	221	21	|	|	NN
29915	221	22	Figure	figure	VBP
29915	221	23	it	-PRON-	PRP
29915	221	24	|	|	NNP
29915	221	25	In	in	IN
29915	221	26	|	|	NNP
29915	221	27	|of	|of	NNP
29915	221	28	market	market	NN
29915	221	29	|	|	NNS
29915	221	30	you	-PRON-	PRP
29915	221	31	|	|	NNP
29915	221	32	of	of	IN
29915	221	33	|	|	NNP
29915	221	34	you	-PRON-	PRP
29915	221	35	|	|	VB
29915	221	36	this	this	DT
29915	221	37	way	way	NN
29915	221	38	|each	|each	CD
29915	221	39	|	|	CD
29915	221	40	|	|	CD
29915	221	41	when	when	WRB
29915	221	42	you	-PRON-	PRP
29915	221	43	|	|	NNP
29915	221	44	would	would	MD
29915	221	45	|selling|	|selling|	VB
29915	221	46	pay	pay	VB
29915	221	47	|	|	NNP
29915	221	48	|case	|case	CD
29915	221	49	|	|	CD
29915	221	50	|buy	|buy	VB
29915	221	51	actual|	actual|	HYPH
29915	221	52	obtain	obtain	VB
29915	221	53	|	|	NNP
29915	221	54	your	-PRON-	PRP$
29915	221	55	|	|	CD
29915	221	56	for	for	IN
29915	221	57	|	|	CD
29915	221	58	|the	|the	DT
29915	221	59	|	|	CD
29915	221	60	|	|	CD
29915	221	61	sugar	sugar	NN
29915	221	62	|for	|for	NNP
29915	221	63	your|futures|actual|	your|futures|actual|	NNP
29915	221	64	|same	|same	NNP
29915	221	65	|	|	NNP
29915	221	66	|	|	NNP
29915	221	67	|futures	|futures	CD
29915	221	68	|	|	NNP
29915	221	69	|sugar	|sugar	CD
29915	221	70	|	|	CD
29915	221	71	|	|	CD
29915	221	72	-------------+------+----------+--------+-------+------+------------+-------	-------------+------+----------+--------+-------+------+------------+-------	CC
29915	221	73	|	|	CD
29915	221	74	|	|	CD
29915	221	75	|	|	CD
29915	221	76	|	|	CD
29915	221	77	|	|	CD
29915	221	78	|Price	|price	NN
29915	221	79	paid	pay	VBD
29915	221	80	|Your	|your	CD
29915	221	81	|	|	NNP
29915	221	82	|	|	NNP
29915	221	83	|	|	CD
29915	221	84	|	|	CD
29915	221	85	|	|	NNS
29915	221	86	|for	|for	IN
29915	221	87	actual	actual	JJ
29915	221	88	|sugar	|sugar	CD
29915	221	89	|	|	NNP
29915	221	90	|	|	CD
29915	221	91	|	|	CD
29915	221	92	|A	|a	CD
29915	221	93	|	|	CD
29915	221	94	|sugar	|sugar	CD
29915	221	95	less	less	JJR
29915	221	96	|cost	|cost	CD
29915	221	97	is	be	VBZ
29915	221	98	You	-PRON-	PRP
29915	221	99	buy	buy	VBP
29915	221	100	Sugar|When	sugar|when	RB
29915	221	101	|If	|If	NNP
29915	221	102	it	-PRON-	PRP
29915	221	103	has	have	VBZ
29915	221	104	|	|	CD
29915	221	105	|profit	|profit	CD
29915	221	106	|	|	CD
29915	221	107	|hedging	|hedging	CD
29915	221	108	|6.00	|6.00	CD
29915	221	109	Futures	future	NNS
29915	221	110	at	at	IN
29915	221	111	|you	|you	JJ
29915	221	112	|advanced	|advanced	CD
29915	221	113	|	|	CD
29915	221	114	|of	|of	CD
29915	221	115	|	|	CD
29915	221	116	|profit	|profit	CD
29915	221	117	|as	|as	CD
29915	221	118	pre-	pre-	NN
29915	221	119	6.00	6.00	CD
29915	221	120	to	to	TO
29915	221	121	cover|buy	cover|buy	NNP
29915	221	122	|to	|to	CD
29915	221	123	8.00	8.00	CD
29915	221	124	|	|	CD
29915	221	125	8.00	8.00	CD
29915	221	126	|2.00	|2.00	CD
29915	221	127	|	|	CD
29915	221	128	8.00	8.00	CD
29915	221	129	|8	|8	NN
29915	221	130	-	-	:
29915	221	131	2=6	2=6	NNP
29915	221	132	|deter-	|deter-	NNP
29915	221	133	future	future	JJ
29915	221	134	|actual|	|actual|	NNP
29915	221	135	|	|	NNP
29915	221	136	|	|	NNP
29915	221	137	|	|	CD
29915	221	138	|	|	CD
29915	221	139	|mined	|mined	CD
29915	221	140	requirements;|sugar,|	requirements;|sugar,|	NNP
29915	221	141	|	|	CD
29915	221	142	|A	|a	CD
29915	221	143	|	|	CD
29915	221	144	|Price	|price	NN
29915	221	145	paid	pay	VBD
29915	221	146	|	|	CD
29915	221	147	fix	fix	VBP
29915	221	148	your	-PRON-	PRP$
29915	221	149	|you	|you	JJ
29915	221	150	|If	|If	NNP
29915	221	151	it	-PRON-	PRP
29915	221	152	has	have	VBZ
29915	221	153	|	|	CD
29915	221	154	|loss	|loss	CD
29915	221	155	|	|	NNP
29915	221	156	|for	|for	IN
29915	221	157	actual	actual	JJ
29915	221	158	|	|	HYPH
29915	221	159	price	price	NN
29915	221	160	and	and	CC
29915	221	161	|sell	|sell	CD
29915	221	162	|declined	|declined	CD
29915	221	163	|	|	NNP
29915	221	164	|of	|of	NNP
29915	221	165	|	|	CD
29915	221	166	|sugar	|sugar	NNP
29915	221	167	plus	plus	CC
29915	221	168	|	|	HYPH
29915	221	169	take	take	VB
29915	221	170	orders	order	NNS
29915	221	171	|your	|your	CD
29915	221	172	|to	|to	CD
29915	221	173	|	|	CD
29915	221	174	|	|	CD
29915	221	175	|	|	CD
29915	221	176	|hedging	|hedging	CD
29915	221	177	loss|	loss|	NNS
29915	221	178	on	on	IN
29915	221	179	the	the	DT
29915	221	180	basis	basis	NN
29915	221	181	|fu-	|fu-	CD
29915	221	182	|4.00	|4.00	CD
29915	221	183	|	|	CD
29915	221	184	4.00	4.00	CD
29915	221	185	|2.00	|2.00	CD
29915	221	186	|	|	CD
29915	221	187	4.00	4.00	CD
29915	221	188	|4	|4	CD
29915	221	189	+	+	CC
29915	221	190	2=6	2=6	NNP
29915	221	191	|	|	CD
29915	221	192	of	of	IN
29915	221	193	6¢	6¢	CD
29915	221	194	sugar	sugar	NN
29915	221	195	|tures	|tures	CD
29915	221	196	|	|	NNP
29915	221	197	|	|	CD
29915	221	198	|	|	CD
29915	221	199	|	|	CD
29915	221	200	|	|	CD
29915	221	201	|	|	CD
29915	221	202	|	|	CD
29915	221	203	|If	|If	NNP
29915	221	204	it	-PRON-	PRP
29915	221	205	is	be	VBZ
29915	221	206	|	|	NNP
29915	221	207	|No	|No	NNP
29915	221	208	|	|	NNP
29915	221	209	|	|	NNP
29915	221	210	|	|	CD
29915	221	211	|	|	CD
29915	221	212	|still	|still	CD
29915	221	213	at	at	IN
29915	221	214	|	|	CD
29915	221	215	|profit,|	|profit,|	JJ
29915	221	216	|	|	CD
29915	221	217	|	|	CD
29915	221	218	|	|	CD
29915	221	219	|6.00	|6.00	CD
29915	221	220	|	|	CD
29915	221	221	6.00	6.00	CD
29915	221	222	|no	|no	CD
29915	221	223	loss|	loss|	CD
29915	221	224	6.00	6.00	CD
29915	221	225	|	|	CD
29915	221	226	6.00	6.00	CD
29915	221	227	|	|	NNS
29915	221	228	-------------+------+----------+--------+-------+------+------------+-------	-------------+------+----------+--------+-------+------+------------+-------	:
29915	221	229	It	-PRON-	PRP
29915	221	230	is	be	VBZ
29915	221	231	equally	equally	RB
29915	221	232	clear	clear	JJ
29915	221	233	that	that	IN
29915	221	234	if	if	IN
29915	221	235	a	a	DT
29915	221	236	manufacturer	manufacturer	NN
29915	221	237	names	name	VBZ
29915	221	238	a	a	DT
29915	221	239	price	price	NN
29915	221	240	and	and	CC
29915	221	241	takes	take	VBZ
29915	221	242	advance	advance	NN
29915	221	243	orders	order	NNS
29915	221	244	without	without	IN
29915	221	245	pre	pre	JJ
29915	221	246	-	-	JJ
29915	221	247	determining	determine	VBG
29915	221	248	his	-PRON-	PRP$
29915	221	249	sugar	sugar	NN
29915	221	250	cost	cost	NN
29915	221	251	,	,	,
29915	221	252	his	-PRON-	PRP$
29915	221	253	profit	profit	NN
29915	221	254	is	be	VBZ
29915	221	255	a	a	DT
29915	221	256	matter	matter	NN
29915	221	257	of	of	IN
29915	221	258	guesswork	guesswork	NN
29915	221	259	.	.	.
29915	222	1	He	-PRON-	PRP
29915	222	2	is	be	VBZ
29915	222	3	not	not	RB
29915	222	4	going	go	VBG
29915	222	5	to	to	TO
29915	222	6	know	know	VB
29915	222	7	the	the	DT
29915	222	8	cost	cost	NN
29915	222	9	of	of	IN
29915	222	10	his	-PRON-	PRP$
29915	222	11	manufactured	manufactured	JJ
29915	222	12	product	product	NN
29915	222	13	until	until	IN
29915	222	14	he	-PRON-	PRP
29915	222	15	buys	buy	VBZ
29915	222	16	his	-PRON-	PRP$
29915	222	17	sugar	sugar	NN
29915	222	18	.	.	.
29915	223	1	Assume	assume	VB
29915	223	2	that	that	IN
29915	223	3	you	-PRON-	PRP
29915	223	4	have	have	VBP
29915	223	5	contracted	contract	VBN
29915	223	6	to	to	TO
29915	223	7	deliver	deliver	VB
29915	223	8	sugar	sugar	NN
29915	223	9	to	to	IN
29915	223	10	a	a	DT
29915	223	11	manufacturer	manufacturer	NN
29915	223	12	or	or	CC
29915	223	13	to	to	IN
29915	223	14	any	any	DT
29915	223	15	customer	customer	NN
29915	223	16	at	at	IN
29915	223	17	a	a	DT
29915	223	18	definite	definite	JJ
29915	223	19	date	date	NN
29915	223	20	and	and	CC
29915	223	21	a	a	DT
29915	223	22	specified	specify	VBN
29915	223	23	price	price	NN
29915	223	24	,	,	,
29915	223	25	without	without	IN
29915	223	26	buying	buy	VBG
29915	223	27	sugar	sugar	NN
29915	223	28	to	to	TO
29915	223	29	cover	cover	VB
29915	223	30	your	-PRON-	PRP$
29915	223	31	requirements	requirement	NNS
29915	223	32	.	.	.
29915	224	1	If	if	IN
29915	224	2	the	the	DT
29915	224	3	price	price	NN
29915	224	4	of	of	IN
29915	224	5	sugar	sugar	NN
29915	224	6	is	be	VBZ
29915	224	7	favorable	favorable	JJ
29915	224	8	when	when	WRB
29915	224	9	you	-PRON-	PRP
29915	224	10	deliver	deliver	VBP
29915	224	11	it	-PRON-	PRP
29915	224	12	,	,	,
29915	224	13	you	-PRON-	PRP
29915	224	14	are	be	VBP
29915	224	15	fortunate	fortunate	JJ
29915	224	16	and	and	CC
29915	224	17	net	net	JJ
29915	224	18	a	a	DT
29915	224	19	profit	profit	NN
29915	224	20	.	.	.
29915	225	1	But	but	CC
29915	225	2	sugar	sugar	NN
29915	225	3	may	may	MD
29915	225	4	have	have	VB
29915	225	5	advanced	advance	VBN
29915	225	6	to	to	IN
29915	225	7	a	a	DT
29915	225	8	point	point	NN
29915	225	9	where	where	WRB
29915	225	10	you	-PRON-	PRP
29915	225	11	are	be	VBP
29915	225	12	forced	force	VBN
29915	225	13	to	to	TO
29915	225	14	pay	pay	VB
29915	225	15	such	such	PDT
29915	225	16	a	a	DT
29915	225	17	price	price	NN
29915	225	18	that	that	WDT
29915	225	19	your	-PRON-	PRP$
29915	225	20	profit	profit	NN
29915	225	21	is	be	VBZ
29915	225	22	lower	low	JJR
29915	225	23	than	than	IN
29915	225	24	it	-PRON-	PRP
29915	225	25	should	should	MD
29915	225	26	be	be	VB
29915	225	27	.	.	.
29915	226	1	In	in	IN
29915	226	2	fact	fact	NN
29915	226	3	there	there	EX
29915	226	4	may	may	MD
29915	226	5	not	not	RB
29915	226	6	be	be	VB
29915	226	7	any	any	DT
29915	226	8	profit	profit	NN
29915	226	9	at	at	RB
29915	226	10	all	all	RB
29915	226	11	.	.	.
29915	227	1	By	by	IN
29915	227	2	conservative	conservative	JJ
29915	227	3	,	,	,
29915	227	4	wise	wise	JJ
29915	227	5	use	use	NN
29915	227	6	of	of	IN
29915	227	7	the	the	DT
29915	227	8	Sugar	Sugar	NNP
29915	227	9	Exchange	Exchange	NNP
29915	227	10	,	,	,
29915	227	11	most	most	JJS
29915	227	12	of	of	IN
29915	227	13	this	this	DT
29915	227	14	risk	risk	NN
29915	227	15	and	and	CC
29915	227	16	uncertainty	uncertainty	NN
29915	227	17	can	can	MD
29915	227	18	be	be	VB
29915	227	19	eliminated	eliminate	VBN
29915	227	20	and	and	CC
29915	227	21	both	both	DT
29915	227	22	you	-PRON-	PRP
29915	227	23	and	and	CC
29915	227	24	your	-PRON-	PRP$
29915	227	25	customer	customer	NN
29915	227	26	can	can	MD
29915	227	27	go	go	VB
29915	227	28	ahead	ahead	RB
29915	227	29	with	with	IN
29915	227	30	your	-PRON-	PRP$
29915	227	31	plans	plan	NNS
29915	227	32	with	with	IN
29915	227	33	your	-PRON-	PRP$
29915	227	34	prices	price	NNS
29915	227	35	determined	determine	VBN
29915	227	36	through	through	IN
29915	227	37	a	a	DT
29915	227	38	known	know	VBN
29915	227	39	sugar	sugar	NN
29915	227	40	cost	cost	NN
29915	227	41	.	.	.
29915	228	1	Suppose	suppose	VB
29915	228	2	that	that	IN
29915	228	3	in	in	IN
29915	228	4	March	March	NNP
29915	228	5	or	or	CC
29915	228	6	April	April	NNP
29915	228	7	,	,	,
29915	228	8	for	for	IN
29915	228	9	example	example	NN
29915	228	10	,	,	,
29915	228	11	the	the	DT
29915	228	12	market	market	NN
29915	228	13	appears	appear	VBZ
29915	228	14	strong	strong	JJ
29915	228	15	and	and	CC
29915	228	16	you	-PRON-	PRP
29915	228	17	find	find	VBP
29915	228	18	that	that	IN
29915	228	19	some	some	DT
29915	228	20	of	of	IN
29915	228	21	your	-PRON-	PRP$
29915	228	22	manufacturing	manufacturing	NN
29915	228	23	customers	customer	NNS
29915	228	24	are	be	VBP
29915	228	25	anxious	anxious	JJ
29915	228	26	to	to	TO
29915	228	27	be	be	VB
29915	228	28	assured	assure	VBN
29915	228	29	of	of	IN
29915	228	30	an	an	DT
29915	228	31	adequate	adequate	JJ
29915	228	32	supply	supply	NN
29915	228	33	of	of	IN
29915	228	34	sugar	sugar	NN
29915	228	35	at	at	IN
29915	228	36	a	a	DT
29915	228	37	definite	definite	JJ
29915	228	38	price	price	NN
29915	228	39	.	.	.
29915	229	1	In	in	IN
29915	229	2	such	such	PDT
29915	229	3	a	a	DT
29915	229	4	case	case	NN
29915	229	5	,	,	,
29915	229	6	if	if	IN
29915	229	7	these	these	DT
29915	229	8	advance	advance	NN
29915	229	9	orders	order	NNS
29915	229	10	called	call	VBD
29915	229	11	for	for	IN
29915	229	12	a	a	DT
29915	229	13	sufficient	sufficient	JJ
29915	229	14	volume	volume	NN
29915	229	15	,	,	,
29915	229	16	and	and	CC
29915	229	17	provided	provide	VBD
29915	229	18	Exchange	Exchange	NNP
29915	229	19	prices	price	NNS
29915	229	20	were	be	VBD
29915	229	21	favorable	favorable	JJ
29915	229	22	,	,	,
29915	229	23	you	-PRON-	PRP
29915	229	24	could	could	MD
29915	229	25	take	take	VB
29915	229	26	care	care	NN
29915	229	27	of	of	IN
29915	229	28	your	-PRON-	PRP$
29915	229	29	trade	trade	NN
29915	229	30	's	's	POS
29915	229	31	future	future	JJ
29915	229	32	requirements	requirement	NNS
29915	229	33	at	at	IN
29915	229	34	a	a	DT
29915	229	35	fixed	fix	VBN
29915	229	36	price	price	NN
29915	229	37	,	,	,
29915	229	38	without	without	IN
29915	229	39	yourself	-PRON-	PRP
29915	229	40	taking	take	VBG
29915	229	41	a	a	DT
29915	229	42	speculative	speculative	JJ
29915	229	43	position	position	NN
29915	229	44	.	.	.
29915	230	1	We	-PRON-	PRP
29915	230	2	also	also	RB
29915	230	3	believe	believe	VBP
29915	230	4	that	that	IN
29915	230	5	buyers	buyer	NNS
29915	230	6	making	make	VBG
29915	230	7	these	these	DT
29915	230	8	arrangements	arrangement	NNS
29915	230	9	with	with	IN
29915	230	10	any	any	DT
29915	230	11	of	of	IN
29915	230	12	their	-PRON-	PRP$
29915	230	13	trade	trade	NN
29915	230	14	would	would	MD
29915	230	15	be	be	VB
29915	230	16	justified	justify	VBN
29915	230	17	in	in	IN
29915	230	18	requesting	request	VBG
29915	230	19	the	the	DT
29915	230	20	same	same	JJ
29915	230	21	proportionate	proportionate	NN
29915	230	22	marginal	marginal	JJ
29915	230	23	protection	protection	NN
29915	230	24	which	which	WDT
29915	230	25	it	-PRON-	PRP
29915	230	26	is	be	VBZ
29915	230	27	necessary	necessary	JJ
29915	230	28	for	for	IN
29915	230	29	jobbers	jobber	NNS
29915	230	30	themselves	-PRON-	PRP
29915	230	31	to	to	TO
29915	230	32	give	give	VB
29915	230	33	the	the	DT
29915	230	34	seller	seller	NN
29915	230	35	on	on	IN
29915	230	36	the	the	DT
29915	230	37	Exchange	Exchange	NNP
29915	230	38	.	.	.
29915	231	1	There	there	EX
29915	231	2	will	will	MD
29915	231	3	no	no	RB
29915	231	4	doubt	doubt	RB
29915	231	5	be	be	VB
29915	231	6	many	many	JJ
29915	231	7	occasions	occasion	NNS
29915	231	8	when	when	WRB
29915	231	9	it	-PRON-	PRP
29915	231	10	would	would	MD
29915	231	11	be	be	VB
29915	231	12	worth	worth	JJ
29915	231	13	while	while	IN
29915	231	14	to	to	TO
29915	231	15	solicit	solicit	VB
29915	231	16	orders	order	NNS
29915	231	17	on	on	IN
29915	231	18	this	this	DT
29915	231	19	basis	basis	NN
29915	231	20	.	.	.
29915	232	1	With	with	IN
29915	232	2	your	-PRON-	PRP$
29915	232	3	own	own	JJ
29915	232	4	sugar	sugar	NN
29915	232	5	cost	cost	NN
29915	232	6	fixed	fix	VBN
29915	232	7	by	by	IN
29915	232	8	the	the	DT
29915	232	9	use	use	NN
29915	232	10	of	of	IN
29915	232	11	the	the	DT
29915	232	12	Exchange	Exchange	NNP
29915	232	13	,	,	,
29915	232	14	you	-PRON-	PRP
29915	232	15	could	could	MD
29915	232	16	take	take	VB
29915	232	17	proper	proper	JJ
29915	232	18	care	care	NN
29915	232	19	of	of	IN
29915	232	20	these	these	DT
29915	232	21	buyers	buyer	NNS
29915	232	22	without	without	IN
29915	232	23	worrying	worry	VBG
29915	232	24	about	about	IN
29915	232	25	subsequent	subsequent	JJ
29915	232	26	fluctuations	fluctuation	NNS
29915	232	27	of	of	IN
29915	232	28	the	the	DT
29915	232	29	market	market	NN
29915	232	30	,	,	,
29915	232	31	as	as	IN
29915	232	32	you	-PRON-	PRP
29915	232	33	would	would	MD
29915	232	34	know	know	VB
29915	232	35	that	that	IN
29915	232	36	your	-PRON-	PRP$
29915	232	37	sugar	sugar	NN
29915	232	38	cost	cost	NN
29915	232	39	would	would	MD
29915	232	40	be	be	VB
29915	232	41	about	about	IN
29915	232	42	the	the	DT
29915	232	43	price	price	NN
29915	232	44	paid	pay	VBN
29915	232	45	for	for	IN
29915	232	46	your	-PRON-	PRP$
29915	232	47	futures	future	NNS
29915	232	48	which	which	WDT
29915	232	49	,	,	,
29915	232	50	let	let	VBD
29915	232	51	us	-PRON-	PRP
29915	232	52	say	say	VB
29915	232	53	,	,	,
29915	232	54	is	be	VBZ
29915	232	55	6.00	6.00	CD
29915	232	56	.	.	.
29915	233	1	(	(	-LRB-
29915	233	2	See	see	VB
29915	233	3	Chart	Chart	NNP
29915	233	4	4	4	CD
29915	233	5	.	.	.
29915	233	6	)	)	-RRB-
29915	234	1	The	the	DT
29915	234	2	market	market	NN
29915	234	3	may	may	MD
29915	234	4	advance	advance	VB
29915	234	5	so	so	IN
29915	234	6	that	that	IN
29915	234	7	by	by	IN
29915	234	8	September	September	NNP
29915	234	9	,	,	,
29915	234	10	sugar	sugar	NN
29915	234	11	is	be	VBZ
29915	234	12	selling	sell	VBG
29915	234	13	at	at	IN
29915	234	14	8.00	8.00	CD
29915	234	15	.	.	.
29915	235	1	(	(	-LRB-
29915	235	2	You	-PRON-	PRP
29915	235	3	are	be	VBP
29915	235	4	now	now	RB
29915	235	5	making	make	VBG
29915	235	6	deliveries	delivery	NNS
29915	235	7	to	to	IN
29915	235	8	your	-PRON-	PRP$
29915	235	9	trade	trade	NN
29915	235	10	as	as	IN
29915	235	11	contracted	contract	VBN
29915	235	12	)	)	-RRB-
29915	235	13	.	.	.
29915	236	1	So	so	RB
29915	236	2	you	-PRON-	PRP
29915	236	3	sell	sell	VBP
29915	236	4	your	-PRON-	PRP$
29915	236	5	futures	future	NNS
29915	236	6	at	at	IN
29915	236	7	8.00	8.00	CD
29915	236	8	,	,	,
29915	236	9	go	go	VB
29915	236	10	into	into	IN
29915	236	11	the	the	DT
29915	236	12	market	market	NN
29915	236	13	and	and	CC
29915	236	14	buy	buy	VB
29915	236	15	actual	actual	JJ
29915	236	16	sugar	sugar	NN
29915	236	17	for	for	IN
29915	236	18	about	about	IN
29915	236	19	the	the	DT
29915	236	20	same	same	JJ
29915	236	21	figure	figure	NN
29915	236	22	,	,	,
29915	236	23	assuming	assume	VBG
29915	236	24	,	,	,
29915	236	25	of	of	IN
29915	236	26	course	course	NN
29915	236	27	,	,	,
29915	236	28	that	that	DT
29915	236	29	actual	actual	JJ
29915	236	30	sugar	sugar	NN
29915	236	31	has	have	VBZ
29915	236	32	also	also	RB
29915	236	33	advanced	advance	VBN
29915	236	34	in	in	IN
29915	236	35	relative	relative	JJ
29915	236	36	proportion	proportion	NN
29915	236	37	,	,	,
29915	236	38	which	which	WDT
29915	236	39	is	be	VBZ
29915	236	40	likely	likely	JJ
29915	236	41	.	.	.
29915	237	1	You	-PRON-	PRP
29915	237	2	pay	pay	VBP
29915	237	3	2.00	2.00	CD
29915	237	4	more	more	JJR
29915	237	5	for	for	IN
29915	237	6	your	-PRON-	PRP$
29915	237	7	actual	actual	JJ
29915	237	8	sugar	sugar	NN
29915	237	9	than	than	IN
29915	237	10	you	-PRON-	PRP
29915	237	11	had	have	VBD
29915	237	12	figured	figure	VBN
29915	237	13	but	but	CC
29915	237	14	you	-PRON-	PRP
29915	237	15	have	have	VBP
29915	237	16	profited	profit	VBN
29915	237	17	to	to	IN
29915	237	18	the	the	DT
29915	237	19	extent	extent	NN
29915	237	20	of	of	IN
29915	237	21	2.00	2.00	CD
29915	237	22	on	on	IN
29915	237	23	the	the	DT
29915	237	24	sale	sale	NN
29915	237	25	of	of	IN
29915	237	26	futures	future	NNS
29915	237	27	.	.	.
29915	238	1	Profit	profit	NN
29915	238	2	and	and	CC
29915	238	3	loss	loss	NN
29915	238	4	cancel	cancel	VB
29915	238	5	each	each	DT
29915	238	6	other	other	JJ
29915	238	7	and	and	CC
29915	238	8	you	-PRON-	PRP
29915	238	9	have	have	VBP
29915	238	10	your	-PRON-	PRP$
29915	238	11	sugar	sugar	NN
29915	238	12	at	at	IN
29915	238	13	6.00	6.00	CD
29915	238	14	.	.	.
29915	239	1	In	in	IN
29915	239	2	other	other	JJ
29915	239	3	words	word	NNS
29915	239	4	,	,	,
29915	239	5	although	although	IN
29915	239	6	the	the	DT
29915	239	7	market	market	NN
29915	239	8	is	be	VBZ
29915	239	9	now	now	RB
29915	239	10	8.00	8.00	CD
29915	239	11	you	-PRON-	PRP
29915	239	12	are	be	VBP
29915	239	13	delivering	deliver	VBG
29915	239	14	6.00	6.00	CD
29915	239	15	sugar	sugar	NN
29915	239	16	to	to	IN
29915	239	17	your	-PRON-	PRP$
29915	239	18	customers	customer	NNS
29915	239	19	,	,	,
29915	239	20	with	with	IN
29915	239	21	a	a	DT
29915	239	22	profit	profit	NN
29915	239	23	to	to	IN
29915	239	24	yourself	-PRON-	PRP
29915	239	25	.	.	.
29915	240	1	If	if	IN
29915	240	2	the	the	DT
29915	240	3	market	market	NN
29915	240	4	declines	decline	VBZ
29915	240	5	after	after	IN
29915	240	6	your	-PRON-	PRP$
29915	240	7	original	original	JJ
29915	240	8	purchase	purchase	NN
29915	240	9	at	at	IN
29915	240	10	6.00	6.00	CD
29915	240	11	so	so	IN
29915	240	12	that	that	IN
29915	240	13	in	in	IN
29915	240	14	September	September	NNP
29915	240	15	sugar	sugar	NN
29915	240	16	is	be	VBZ
29915	240	17	selling	sell	VBG
29915	240	18	at	at	IN
29915	240	19	4.00	4.00	CD
29915	240	20	,	,	,
29915	240	21	you	-PRON-	PRP
29915	240	22	will	will	MD
29915	240	23	sell	sell	VB
29915	240	24	your	-PRON-	PRP$
29915	240	25	futures	future	NNS
29915	240	26	at	at	IN
29915	240	27	4.00	4.00	CD
29915	240	28	,	,	,
29915	240	29	taking	take	VBG
29915	240	30	a	a	DT
29915	240	31	loss	loss	NN
29915	240	32	of	of	IN
29915	240	33	2.00	2.00	CD
29915	240	34	.	.	.
29915	241	1	But	but	CC
29915	241	2	you	-PRON-	PRP
29915	241	3	will	will	MD
29915	241	4	buy	buy	VB
29915	241	5	your	-PRON-	PRP$
29915	241	6	actual	actual	JJ
29915	241	7	sugar	sugar	NN
29915	241	8	at	at	IN
29915	241	9	about	about	IN
29915	241	10	4.00	4.00	CD
29915	241	11	,	,	,
29915	241	12	also	also	RB
29915	241	13	,	,	,
29915	241	14	which	which	WDT
29915	241	15	is	be	VBZ
29915	241	16	2.00	2.00	CD
29915	241	17	lower	low	JJR
29915	241	18	than	than	IN
29915	241	19	you	-PRON-	PRP
29915	241	20	planned	plan	VBD
29915	241	21	for	for	IN
29915	241	22	.	.	.
29915	242	1	This	this	DT
29915	242	2	gain	gain	NN
29915	242	3	of	of	IN
29915	242	4	2.00	2.00	CD
29915	242	5	,	,	,
29915	242	6	while	while	IN
29915	242	7	not	not	RB
29915	242	8	to	to	TO
29915	242	9	be	be	VB
29915	242	10	termed	term	VBN
29915	242	11	an	an	DT
29915	242	12	actual	actual	JJ
29915	242	13	profit	profit	NN
29915	242	14	,	,	,
29915	242	15	may	may	MD
29915	242	16	certainly	certainly	RB
29915	242	17	be	be	VB
29915	242	18	considered	consider	VBN
29915	242	19	as	as	IN
29915	242	20	canceling	cancel	VBG
29915	242	21	the	the	DT
29915	242	22	loss	loss	NN
29915	242	23	on	on	IN
29915	242	24	the	the	DT
29915	242	25	sale	sale	NN
29915	242	26	of	of	IN
29915	242	27	your	-PRON-	PRP$
29915	242	28	futures	future	NNS
29915	242	29	,	,	,
29915	242	30	so	so	IN
29915	242	31	that	that	IN
29915	242	32	the	the	DT
29915	242	33	cost	cost	NN
29915	242	34	of	of	IN
29915	242	35	your	-PRON-	PRP$
29915	242	36	sugar	sugar	NN
29915	242	37	is	be	VBZ
29915	242	38	really	really	RB
29915	242	39	6.00	6.00	CD
29915	242	40	,	,	,
29915	242	41	your	-PRON-	PRP$
29915	242	42	original	original	JJ
29915	242	43	price	price	NN
29915	242	44	.	.	.
29915	243	1	Another	another	DT
29915	243	2	way	way	NN
29915	243	3	of	of	IN
29915	243	4	looking	look	VBG
29915	243	5	at	at	IN
29915	243	6	this	this	DT
29915	243	7	is	be	VBZ
29915	243	8	to	to	TO
29915	243	9	add	add	VB
29915	243	10	the	the	DT
29915	243	11	loss	loss	NN
29915	243	12	of	of	IN
29915	243	13	2.00	2.00	CD
29915	243	14	on	on	IN
29915	243	15	the	the	DT
29915	243	16	sale	sale	NN
29915	243	17	of	of	IN
29915	243	18	your	-PRON-	PRP$
29915	243	19	futures	future	NNS
29915	243	20	to	to	IN
29915	243	21	4.00	4.00	CD
29915	243	22	,	,	,
29915	243	23	the	the	DT
29915	243	24	cost	cost	NN
29915	243	25	of	of	IN
29915	243	26	your	-PRON-	PRP$
29915	243	27	actual	actual	JJ
29915	243	28	sugar	sugar	NN
29915	243	29	,	,	,
29915	243	30	making	make	VBG
29915	243	31	6.00	6.00	CD
29915	243	32	,	,	,
29915	243	33	the	the	DT
29915	243	34	price	price	NN
29915	243	35	upon	upon	IN
29915	243	36	which	which	WDT
29915	243	37	you	-PRON-	PRP
29915	243	38	had	have	VBD
29915	243	39	based	base	VBN
29915	243	40	your	-PRON-	PRP$
29915	243	41	plans	plan	NNS
29915	243	42	.	.	.
29915	244	1	If	if	IN
29915	244	2	you	-PRON-	PRP
29915	244	3	had	have	VBD
29915	244	4	waited	wait	VBN
29915	244	5	,	,	,
29915	244	6	you	-PRON-	PRP
29915	244	7	would	would	MD
29915	244	8	have	have	VB
29915	244	9	been	be	VBN
29915	244	10	able	able	JJ
29915	244	11	to	to	TO
29915	244	12	get	get	VB
29915	244	13	your	-PRON-	PRP$
29915	244	14	sugar	sugar	NN
29915	244	15	for	for	IN
29915	244	16	4.00	4.00	CD
29915	244	17	,	,	,
29915	244	18	but	but	CC
29915	244	19	by	by	IN
29915	244	20	buying	buy	VBG
29915	244	21	it	-PRON-	PRP
29915	244	22	ahead	ahead	RB
29915	244	23	you	-PRON-	PRP
29915	244	24	have	have	VBP
29915	244	25	had	have	VBN
29915	244	26	the	the	DT
29915	244	27	benefits	benefit	NNS
29915	244	28	of	of	IN
29915	244	29	protection	protection	NN
29915	244	30	and	and	CC
29915	244	31	the	the	DT
29915	244	32	elimination	elimination	NN
29915	244	33	of	of	IN
29915	244	34	speculation	speculation	NN
29915	244	35	and	and	CC
29915	244	36	risk	risk	NN
29915	244	37	.	.	.
29915	245	1	If	if	IN
29915	245	2	the	the	DT
29915	245	3	market	market	NN
29915	245	4	remains	remain	VBZ
29915	245	5	steady	steady	JJ
29915	245	6	after	after	IN
29915	245	7	your	-PRON-	PRP$
29915	245	8	June	June	NNP
29915	245	9	purchase	purchase	NN
29915	245	10	,	,	,
29915	245	11	or	or	CC
29915	245	12	after	after	IN
29915	245	13	various	various	JJ
29915	245	14	fluctuations	fluctuation	NNS
29915	245	15	,	,	,
29915	245	16	returns	return	VBZ
29915	245	17	to	to	IN
29915	245	18	6.00	6.00	CD
29915	245	19	by	by	IN
29915	245	20	September	September	NNP
29915	245	21	,	,	,
29915	245	22	you	-PRON-	PRP
29915	245	23	sell	sell	VBP
29915	245	24	your	-PRON-	PRP$
29915	245	25	futures	future	NNS
29915	245	26	at	at	IN
29915	245	27	6.00	6.00	CD
29915	245	28	and	and	CC
29915	245	29	buy	buy	VB
29915	245	30	spot	spot	NN
29915	245	31	sugar	sugar	NN
29915	245	32	for	for	IN
29915	245	33	about	about	RB
29915	245	34	the	the	DT
29915	245	35	same	same	JJ
29915	245	36	amount	amount	NN
29915	245	37	.	.	.
29915	246	1	Thus	thus	RB
29915	246	2	you	-PRON-	PRP
29915	246	3	have	have	VBP
29915	246	4	neither	neither	CC
29915	246	5	gained	gain	VBN
29915	246	6	nor	nor	CC
29915	246	7	lost	lose	VBN
29915	246	8	,	,	,
29915	246	9	but	but	CC
29915	246	10	you	-PRON-	PRP
29915	246	11	have	have	VBP
29915	246	12	been	be	VBN
29915	246	13	protected	protect	VBN
29915	246	14	in	in	IN
29915	246	15	your	-PRON-	PRP$
29915	246	16	sugar	sugar	NN
29915	246	17	cost	cost	NN
29915	246	18	.	.	.
29915	247	1	This	this	DT
29915	247	2	is	be	VBZ
29915	247	3	essentially	essentially	RB
29915	247	4	a	a	DT
29915	247	5	"	"	``
29915	247	6	playing	playing	NN
29915	247	7	-	-	HYPH
29915	247	8	safe	safe	JJ
29915	247	9	"	"	''
29915	247	10	operation	operation	NN
29915	247	11	.	.	.
29915	248	1	It	-PRON-	PRP
29915	248	2	results	result	VBZ
29915	248	3	in	in	IN
29915	248	4	profit	profit	NN
29915	248	5	insurance	insurance	NN
29915	248	6	for	for	IN
29915	248	7	the	the	DT
29915	248	8	jobber	jobber	NN
29915	248	9	who	who	WP
29915	248	10	is	be	VBZ
29915	248	11	willing	willing	JJ
29915	248	12	to	to	TO
29915	248	13	sacrifice	sacrifice	VB
29915	248	14	the	the	DT
29915	248	15	possibility	possibility	NN
29915	248	16	of	of	IN
29915	248	17	a	a	DT
29915	248	18	speculative	speculative	JJ
29915	248	19	gain	gain	NN
29915	248	20	on	on	IN
29915	248	21	advance	advance	NN
29915	248	22	sales	sale	NNS
29915	248	23	to	to	IN
29915	248	24	customers	customer	NNS
29915	248	25	.	.	.
29915	249	1	It	-PRON-	PRP
29915	249	2	is	be	VBZ
29915	249	3	thoroughly	thoroughly	RB
29915	249	4	sound	sound	JJ
29915	249	5	business	business	NN
29915	249	6	policy	policy	NN
29915	249	7	and	and	CC
29915	249	8	is	be	VBZ
29915	249	9	neither	neither	CC
29915	249	10	expensive	expensive	JJ
29915	249	11	nor	nor	CC
29915	249	12	difficult	difficult	JJ
29915	249	13	to	to	TO
29915	249	14	carry	carry	VB
29915	249	15	out	out	RP
29915	249	16	.	.	.
29915	250	1	Point	point	NN
29915	250	2	of	of	IN
29915	250	3	Delivery	Delivery	NNP
29915	250	4	Although	although	IN
29915	250	5	Chicago	Chicago	NNP
29915	250	6	is	be	VBZ
29915	250	7	the	the	DT
29915	250	8	delivery	delivery	NN
29915	250	9	point	point	NN
29915	250	10	in	in	IN
29915	250	11	all	all	DT
29915	250	12	Exchange	Exchange	NNP
29915	250	13	contracts	contract	NNS
29915	250	14	for	for	IN
29915	250	15	refined	refined	JJ
29915	250	16	sugar	sugar	NN
29915	250	17	,	,	,
29915	250	18	it	-PRON-	PRP
29915	250	19	should	should	MD
29915	250	20	be	be	VB
29915	250	21	plainly	plainly	RB
29915	250	22	understood	understand	VBN
29915	250	23	that	that	IN
29915	250	24	the	the	DT
29915	250	25	Exchange	Exchange	NNP
29915	250	26	is	be	VBZ
29915	250	27	for	for	IN
29915	250	28	anyone	anyone	NN
29915	250	29	,	,	,
29915	250	30	anywhere	anywhere	RB
29915	250	31	.	.	.
29915	251	1	Whether	whether	IN
29915	251	2	located	locate	VBN
29915	251	3	in	in	IN
29915	251	4	Chicago	Chicago	NNP
29915	251	5	,	,	,
29915	251	6	or	or	CC
29915	251	7	in	in	IN
29915	251	8	Rochester	Rochester	NNP
29915	251	9	,	,	,
29915	251	10	Baltimore	Baltimore	NNP
29915	251	11	,	,	,
29915	251	12	New	New	NNP
29915	251	13	York	York	NNP
29915	251	14	or	or	CC
29915	251	15	even	even	RB
29915	251	16	San	San	NNP
29915	251	17	Francisco	Francisco	NNP
29915	251	18	,	,	,
29915	251	19	a	a	DT
29915	251	20	jobber	jobber	NN
29915	251	21	can	can	MD
29915	251	22	advantageously	advantageously	RB
29915	251	23	use	use	VB
29915	251	24	the	the	DT
29915	251	25	Exchange	Exchange	NNP
29915	251	26	.	.	.
29915	252	1	Deliveries	delivery	NNS
29915	252	2	of	of	IN
29915	252	3	Refined	Refined	NNP
29915	252	4	Sugar	Sugar	NNP
29915	252	5	Futures	Futures	NNPS
29915	252	6	will	will	MD
29915	252	7	be	be	VB
29915	252	8	made	make	VBN
29915	252	9	only	only	RB
29915	252	10	from	from	IN
29915	252	11	the	the	DT
29915	252	12	Exchange	exchange	NN
29915	252	13	-	-	HYPH
29915	252	14	licensed	license	VBN
29915	252	15	warehouses	warehouse	NNS
29915	252	16	in	in	IN
29915	252	17	Chicago	Chicago	NNP
29915	252	18	.	.	.
29915	253	1	But	but	CC
29915	253	2	,	,	,
29915	253	3	regardless	regardless	RB
29915	253	4	of	of	IN
29915	253	5	the	the	DT
29915	253	6	prospective	prospective	JJ
29915	253	7	buyer	buyer	NN
29915	253	8	's	's	POS
29915	253	9	location	location	NN
29915	253	10	,	,	,
29915	253	11	the	the	DT
29915	253	12	delivery	delivery	NN
29915	253	13	point	point	NN
29915	253	14	is	be	VBZ
29915	253	15	not	not	RB
29915	253	16	of	of	IN
29915	253	17	any	any	DT
29915	253	18	material	material	JJ
29915	253	19	importance	importance	NN
29915	253	20	as	as	IN
29915	253	21	it	-PRON-	PRP
29915	253	22	is	be	VBZ
29915	253	23	an	an	DT
29915	253	24	established	establish	VBN
29915	253	25	fact	fact	NN
29915	253	26	that	that	IN
29915	253	27	in	in	IN
29915	253	28	operations	operation	NNS
29915	253	29	on	on	IN
29915	253	30	all	all	DT
29915	253	31	exchanges	exchange	NNS
29915	253	32	the	the	DT
29915	253	33	percentage	percentage	NN
29915	253	34	of	of	IN
29915	253	35	actual	actual	JJ
29915	253	36	deliveries	delivery	NNS
29915	253	37	taken	take	VBN
29915	253	38	is	be	VBZ
29915	253	39	exceptionally	exceptionally	RB
29915	253	40	small	small	JJ
29915	253	41	.	.	.
29915	254	1	In	in	IN
29915	254	2	fact	fact	NN
29915	254	3	,	,	,
29915	254	4	the	the	DT
29915	254	5	examples	example	NNS
29915	254	6	used	use	VBN
29915	254	7	in	in	IN
29915	254	8	this	this	DT
29915	254	9	booklet	booklet	NN
29915	254	10	are	be	VBP
29915	254	11	all	all	RB
29915	254	12	based	base	VBN
29915	254	13	on	on	IN
29915	254	14	the	the	DT
29915	254	15	supposition	supposition	NN
29915	254	16	that	that	IN
29915	254	17	the	the	DT
29915	254	18	buyer	buyer	NN
29915	254	19	may	may	MD
29915	254	20	find	find	VB
29915	254	21	it	-PRON-	PRP
29915	254	22	more	more	RBR
29915	254	23	convenient	convenient	JJ
29915	254	24	_	_	NNP
29915	254	25	not	not	RB
29915	254	26	_	_	NNP
29915	254	27	to	to	TO
29915	254	28	take	take	VB
29915	254	29	delivery	delivery	NN
29915	254	30	.	.	.
29915	255	1	The	the	DT
29915	255	2	usual	usual	JJ
29915	255	3	procedure	procedure	NN
29915	255	4	followed	follow	VBN
29915	255	5	in	in	IN
29915	255	6	sugar	sugar	NNP
29915	255	7	exchange	exchange	NNP
29915	255	8	operations	operation	NNS
29915	255	9	is	be	VBZ
29915	255	10	for	for	IN
29915	255	11	the	the	DT
29915	255	12	buyer	buyer	NN
29915	255	13	to	to	TO
29915	255	14	close	close	VB
29915	255	15	out	out	RP
29915	255	16	his	-PRON-	PRP$
29915	255	17	exchange	exchange	NN
29915	255	18	transaction	transaction	NN
29915	255	19	prior	prior	RB
29915	255	20	to	to	IN
29915	255	21	the	the	DT
29915	255	22	period	period	NN
29915	255	23	calling	call	VBG
29915	255	24	for	for	IN
29915	255	25	delivery	delivery	NN
29915	255	26	and	and	CC
29915	255	27	purchasing	purchase	VBG
29915	255	28	actual	actual	JJ
29915	255	29	sugar	sugar	NN
29915	255	30	from	from	IN
29915	255	31	the	the	DT
29915	255	32	refiners	refiner	NNS
29915	255	33	,	,	,
29915	255	34	executing	execute	VBG
29915	255	35	both	both	DT
29915	255	36	transactions	transaction	NNS
29915	255	37	practically	practically	RB
29915	255	38	simultaneously	simultaneously	RB
29915	255	39	.	.	.
29915	256	1	Possibly	possibly	RB
29915	256	2	the	the	DT
29915	256	3	most	most	RBS
29915	256	4	important	important	JJ
29915	256	5	problem	problem	NN
29915	256	6	in	in	IN
29915	256	7	connection	connection	NN
29915	256	8	with	with	IN
29915	256	9	the	the	DT
29915	256	10	organization	organization	NN
29915	256	11	of	of	IN
29915	256	12	any	any	DT
29915	256	13	commodity	commodity	NN
29915	256	14	exchange	exchange	NN
29915	256	15	is	be	VBZ
29915	256	16	to	to	TO
29915	256	17	reduce	reduce	VB
29915	256	18	the	the	DT
29915	256	19	possibility	possibility	NN
29915	256	20	of	of	IN
29915	256	21	corners	corner	NNS
29915	256	22	,	,	,
29915	256	23	however	however	RB
29915	256	24	remote	remote	JJ
29915	256	25	,	,	,
29915	256	26	to	to	IN
29915	256	27	the	the	DT
29915	256	28	smallest	small	JJS
29915	256	29	possible	possible	JJ
29915	256	30	degree	degree	NN
29915	256	31	.	.	.
29915	257	1	In	in	IN
29915	257	2	the	the	DT
29915	257	3	case	case	NN
29915	257	4	under	under	IN
29915	257	5	discussion	discussion	NN
29915	257	6	,	,	,
29915	257	7	the	the	DT
29915	257	8	Chicago	Chicago	NNP
29915	257	9	delivery	delivery	NN
29915	257	10	point	point	NN
29915	257	11	,	,	,
29915	257	12	by	by	IN
29915	257	13	virtue	virtue	NN
29915	257	14	of	of	IN
29915	257	15	its	-PRON-	PRP$
29915	257	16	accessibility	accessibility	NN
29915	257	17	for	for	IN
29915	257	18	producers	producer	NNS
29915	257	19	and	and	CC
29915	257	20	consumers	consumer	NNS
29915	257	21	from	from	IN
29915	257	22	all	all	DT
29915	257	23	parts	part	NNS
29915	257	24	of	of	IN
29915	257	25	the	the	DT
29915	257	26	country	country	NN
29915	257	27	,	,	,
29915	257	28	operates	operate	VBZ
29915	257	29	to	to	IN
29915	257	30	that	that	DT
29915	257	31	end	end	NN
29915	257	32	.	.	.
29915	258	1	Practically	practically	RB
29915	258	2	every	every	DT
29915	258	3	refiner	refiner	NN
29915	258	4	of	of	IN
29915	258	5	cane	cane	NN
29915	258	6	sugars	sugar	NNS
29915	258	7	in	in	IN
29915	258	8	the	the	DT
29915	258	9	East	East	NNP
29915	258	10	and	and	CC
29915	258	11	West	West	NNP
29915	258	12	,	,	,
29915	258	13	as	as	RB
29915	258	14	well	well	RB
29915	258	15	as	as	IN
29915	258	16	the	the	DT
29915	258	17	Southern	southern	JJ
29915	258	18	refiners	refiner	NNS
29915	258	19	,	,	,
29915	258	20	carries	carry	VBZ
29915	258	21	large	large	JJ
29915	258	22	stocks	stock	NNS
29915	258	23	in	in	IN
29915	258	24	Chicago	Chicago	NNP
29915	258	25	,	,	,
29915	258	26	and	and	CC
29915	258	27	its	-PRON-	PRP$
29915	258	28	favorable	favorable	JJ
29915	258	29	location	location	NN
29915	258	30	in	in	IN
29915	258	31	connection	connection	NN
29915	258	32	with	with	IN
29915	258	33	the	the	DT
29915	258	34	beet	beet	NN
29915	258	35	sugar	sugar	NN
29915	258	36	industry	industry	NN
29915	258	37	also	also	RB
29915	258	38	makes	make	VBZ
29915	258	39	it	-PRON-	PRP
29915	258	40	highly	highly	RB
29915	258	41	desirable	desirable	JJ
29915	258	42	.	.	.
29915	259	1	Its	-PRON-	PRP$
29915	259	2	situation	situation	NN
29915	259	3	in	in	IN
29915	259	4	regard	regard	NN
29915	259	5	to	to	IN
29915	259	6	the	the	DT
29915	259	7	offerings	offering	NNS
29915	259	8	of	of	IN
29915	259	9	the	the	DT
29915	259	10	Louisiana	Louisiana	NNP
29915	259	11	producers	producer	NNS
29915	259	12	is	be	VBZ
29915	259	13	also	also	RB
29915	259	14	an	an	DT
29915	259	15	additional	additional	JJ
29915	259	16	protection	protection	NN
29915	259	17	and	and	CC
29915	259	18	advantage	advantage	NN
29915	259	19	of	of	IN
29915	259	20	considerable	considerable	JJ
29915	259	21	importance	importance	NN
29915	259	22	.	.	.
29915	260	1	The	the	DT
29915	260	2	Exchange	Exchange	NNP
29915	260	3	-	-	HYPH
29915	260	4	licensed	license	VBN
29915	260	5	warehouses	warehouse	NNS
29915	260	6	in	in	IN
29915	260	7	Chicago	Chicago	NNP
29915	260	8	are	be	VBP
29915	260	9	under	under	IN
29915	260	10	the	the	DT
29915	260	11	direct	direct	JJ
29915	260	12	and	and	CC
29915	260	13	constant	constant	JJ
29915	260	14	supervision	supervision	NN
29915	260	15	of	of	IN
29915	260	16	Exchange	Exchange	NNP
29915	260	17	representatives	representative	NNS
29915	260	18	.	.	.
29915	261	1	Facilities	facility	NNS
29915	261	2	are	be	VBP
29915	261	3	provided	provide	VBN
29915	261	4	for	for	IN
29915	261	5	testing	testing	NN
29915	261	6	and	and	CC
29915	261	7	grading	grade	VBG
29915	261	8	sugar	sugar	NN
29915	261	9	so	so	IN
29915	261	10	as	as	IN
29915	261	11	to	to	TO
29915	261	12	maintain	maintain	VB
29915	261	13	Exchange	Exchange	NNP
29915	261	14	quality	quality	NN
29915	261	15	standards	standard	NNS
29915	261	16	.	.	.
29915	262	1	When	when	WRB
29915	262	2	are	be	VBP
29915	262	3	Refiners	Refiners	NNPS
29915	262	4	'	'	POS
29915	262	5	Prices	Prices	NNPS
29915	262	6	and	and	CC
29915	262	7	Exchange	Exchange	NNP
29915	262	8	Quotations	Quotations	NNPS
29915	262	9	in	in	IN
29915	262	10	line	line	NN
29915	262	11	?	?	.
29915	263	1	Since	since	IN
29915	263	2	exchange	exchange	NN
29915	263	3	quotations	quotation	NNS
29915	263	4	for	for	IN
29915	263	5	refined	refined	JJ
29915	263	6	sugar	sugar	NN
29915	263	7	futures	future	NNS
29915	263	8	are	be	VBP
29915	263	9	net	net	JJ
29915	263	10	cash	cash	NN
29915	263	11	ex	ex	NN
29915	263	12	-	-	JJ
29915	263	13	exchange	exchange	NN
29915	263	14	-	-	HYPH
29915	263	15	licensed	license	VBN
29915	263	16	warehouse	warehouse	NN
29915	263	17	,	,	,
29915	263	18	Chicago	Chicago	NNP
29915	263	19	,	,	,
29915	263	20	while	while	IN
29915	263	21	refiners	refiner	NNS
29915	263	22	'	'	POS
29915	263	23	quotations	quotation	NNS
29915	263	24	are	be	VBP
29915	263	25	f.o.b	f.o.b	JJ
29915	263	26	.	.	.
29915	264	1	refinery	refinery	NN
29915	264	2	,	,	,
29915	264	3	less	less	JJR
29915	264	4	2	2	CD
29915	264	5	%	%	NN
29915	264	6	for	for	IN
29915	264	7	cash	cash	NN
29915	264	8	,	,	,
29915	264	9	it	-PRON-	PRP
29915	264	10	is	be	VBZ
29915	264	11	obvious	obvious	JJ
29915	264	12	that	that	IN
29915	264	13	there	there	EX
29915	264	14	must	must	MD
29915	264	15	be	be	VB
29915	264	16	a	a	DT
29915	264	17	difference	difference	NN
29915	264	18	between	between	IN
29915	264	19	refiners	refiner	NNS
29915	264	20	'	'	POS
29915	264	21	prices	price	NNS
29915	264	22	and	and	CC
29915	264	23	exchange	exchange	NN
29915	264	24	quotations	quotation	NNS
29915	264	25	.	.	.
29915	265	1	It	-PRON-	PRP
29915	265	2	is	be	VBZ
29915	265	3	equally	equally	RB
29915	265	4	obvious	obvious	JJ
29915	265	5	that	that	IN
29915	265	6	the	the	DT
29915	265	7	differential	differential	NN
29915	265	8	should	should	MD
29915	265	9	approximate	approximate	VB
29915	265	10	the	the	DT
29915	265	11	freight	freight	NN
29915	265	12	rate	rate	NN
29915	265	13	between	between	IN
29915	265	14	Chicago	Chicago	NNP
29915	265	15	and	and	CC
29915	265	16	the	the	DT
29915	265	17	Seaboard	Seaboard	NNP
29915	265	18	,	,	,
29915	265	19	where	where	WRB
29915	265	20	the	the	DT
29915	265	21	refiners	refiner	NNS
29915	265	22	are	be	VBP
29915	265	23	located	locate	VBN
29915	265	24	,	,	,
29915	265	25	with	with	IN
29915	265	26	allowance	allowance	NN
29915	265	27	also	also	RB
29915	265	28	for	for	IN
29915	265	29	the	the	DT
29915	265	30	cash	cash	NN
29915	265	31	discount	discount	NN
29915	265	32	.	.	.
29915	266	1	When	when	WRB
29915	266	2	the	the	DT
29915	266	3	markets	market	NNS
29915	266	4	are	be	VBP
29915	266	5	in	in	IN
29915	266	6	line	line	NN
29915	266	7	such	such	JJ
29915	266	8	is	be	VBZ
29915	266	9	the	the	DT
29915	266	10	case	case	NN
29915	266	11	.	.	.
29915	267	1	Conversely	conversely	RB
29915	267	2	,	,	,
29915	267	3	when	when	WRB
29915	267	4	the	the	DT
29915	267	5	differential	differential	NN
29915	267	6	is	be	VBZ
29915	267	7	higher	high	JJR
29915	267	8	or	or	CC
29915	267	9	lower	low	JJR
29915	267	10	,	,	,
29915	267	11	the	the	DT
29915	267	12	markets	market	NNS
29915	267	13	are	be	VBP
29915	267	14	out	out	IN
29915	267	15	of	of	IN
29915	267	16	line	line	NN
29915	267	17	.	.	.
29915	268	1	Therefore	therefore	RB
29915	268	2	,	,	,
29915	268	3	in	in	IN
29915	268	4	order	order	NN
29915	268	5	to	to	TO
29915	268	6	tell	tell	VB
29915	268	7	whether	whether	IN
29915	268	8	the	the	DT
29915	268	9	markets	market	NNS
29915	268	10	are	be	VBP
29915	268	11	out	out	IN
29915	268	12	of	of	IN
29915	268	13	line	line	NN
29915	268	14	,	,	,
29915	268	15	or	or	CC
29915	268	16	to	to	IN
29915	268	17	what	what	WDT
29915	268	18	extent	extent	NN
29915	268	19	,	,	,
29915	268	20	it	-PRON-	PRP
29915	268	21	is	be	VBZ
29915	268	22	necessary	necessary	JJ
29915	268	23	to	to	TO
29915	268	24	determine	determine	VB
29915	268	25	on	on	IN
29915	268	26	a	a	DT
29915	268	27	differential	differential	NN
29915	268	28	to	to	TO
29915	268	29	represent	represent	VB
29915	268	30	the	the	DT
29915	268	31	normal	normal	JJ
29915	268	32	difference	difference	NN
29915	268	33	between	between	IN
29915	268	34	the	the	DT
29915	268	35	two	two	CD
29915	268	36	markets	market	NNS
29915	268	37	.	.	.
29915	269	1	There	there	EX
29915	269	2	is	be	VBZ
29915	269	3	no	no	DT
29915	269	4	one	one	CD
29915	269	5	figure	figure	NN
29915	269	6	,	,	,
29915	269	7	however	however	RB
29915	269	8	,	,	,
29915	269	9	that	that	DT
29915	269	10	will	will	MD
29915	269	11	satisfy	satisfy	VB
29915	269	12	all	all	DT
29915	269	13	conditions	condition	NNS
29915	269	14	at	at	IN
29915	269	15	all	all	DT
29915	269	16	times	time	NNS
29915	269	17	,	,	,
29915	269	18	for	for	IN
29915	269	19	the	the	DT
29915	269	20	reason	reason	NN
29915	269	21	that	that	IN
29915	269	22	there	there	EX
29915	269	23	are	be	VBP
29915	269	24	various	various	JJ
29915	269	25	freight	freight	NN
29915	269	26	rates	rate	NNS
29915	269	27	between	between	IN
29915	269	28	the	the	DT
29915	269	29	Seaboard	Seaboard	NNP
29915	269	30	and	and	CC
29915	269	31	Chicago	Chicago	NNP
29915	269	32	.	.	.
29915	270	1	It	-PRON-	PRP
29915	270	2	is	be	VBZ
29915	270	3	inaccurate	inaccurate	JJ
29915	270	4	,	,	,
29915	270	5	for	for	IN
29915	270	6	instance	instance	NN
29915	270	7	,	,	,
29915	270	8	to	to	TO
29915	270	9	use	use	VB
29915	270	10	63¢	63¢	NNP
29915	270	11	as	as	IN
29915	270	12	the	the	DT
29915	270	13	basis	basis	NN
29915	270	14	for	for	IN
29915	270	15	the	the	DT
29915	270	16	normal	normal	JJ
29915	270	17	differential	differential	NN
29915	270	18	.	.	.
29915	271	1	The	the	DT
29915	271	2	63¢	63¢	CD
29915	271	3	rate	rate	NN
29915	271	4	is	be	VBZ
29915	271	5	one	one	CD
29915	271	6	rate	rate	NN
29915	271	7	--	--	:
29915	271	8	the	the	DT
29915	271	9	all	all	DT
29915	271	10	-	-	HYPH
29915	271	11	rail	rail	NN
29915	271	12	freight	freight	NN
29915	271	13	rate	rate	NN
29915	271	14	from	from	IN
29915	271	15	New	New	NNP
29915	271	16	York	York	NNP
29915	271	17	to	to	IN
29915	271	18	Chicago	Chicago	NNP
29915	271	19	.	.	.
29915	272	1	Other	other	JJ
29915	272	2	important	important	JJ
29915	272	3	routes	route	NNS
29915	272	4	and	and	CC
29915	272	5	rates	rate	NNS
29915	272	6	are	be	VBP
29915	272	7	as	as	IN
29915	272	8	follows	follow	VBZ
29915	272	9	:	:	:
29915	272	10	Routing	route	VBG
29915	272	11	:	:	:
29915	272	12	Freight	freight	NN
29915	272	13	Rate	rate	NN
29915	272	14	:	:	:
29915	272	15	New	New	NNP
29915	272	16	Orleans	Orleans	NNP
29915	272	17	--	--	:
29915	272	18	Chicago	Chicago	NNP
29915	272	19	(	(	-LRB-
29915	272	20	barge	barge	NN
29915	272	21	and	and	CC
29915	272	22	rail	rail	NN
29915	272	23	)	)	-RRB-
29915	272	24	$	$	$
29915	272	25	0.50[1	0.50[1	CD
29915	272	26	]	]	-RRB-
29915	272	27	New	New	NNP
29915	272	28	York	York	NNP
29915	272	29	--	--	:
29915	272	30	Chicago	Chicago	NNP
29915	272	31	(	(	-LRB-
29915	272	32	rail	rail	NN
29915	272	33	and	and	CC
29915	272	34	lake	lake	NN
29915	272	35	)	)	-RRB-
29915	272	36	.58	.58	NFP
29915	272	37	New	New	NNP
29915	272	38	Orleans	Orleans	NNP
29915	272	39	--	--	:
29915	272	40	Chicago	Chicago	NNP
29915	272	41	(	(	-LRB-
29915	272	42	all	all	DT
29915	272	43	rail	rail	NN
29915	272	44	)	)	-RRB-
29915	272	45	.60	.60	NFP
29915	272	46	Philadelphia	Philadelphia	NNP
29915	272	47	--	--	:
29915	272	48	Chicago	Chicago	NNP
29915	272	49	(	(	-LRB-
29915	272	50	all	all	DT
29915	272	51	rail	rail	NN
29915	272	52	)	)	-RRB-
29915	272	53	.61	.61	NFP
29915	272	54	New	New	NNP
29915	272	55	York	York	NNP
29915	272	56	--	--	:
29915	272	57	Chicago	Chicago	NNP
29915	272	58	(	(	-LRB-
29915	272	59	all	all	DT
29915	272	60	rail	rail	NN
29915	272	61	)	)	-RRB-
29915	272	62	.63	.63	.
29915	272	63	Savannah	Savannah	NNP
29915	272	64	--	--	:
29915	272	65	Chicago	Chicago	NNP
29915	272	66	(	(	-LRB-
29915	272	67	all	all	DT
29915	272	68	rail	rail	NN
29915	272	69	)	)	-RRB-
29915	272	70	.63	.63	NFP
29915	272	71	Boston	Boston	NNP
29915	272	72	--	--	:
29915	272	73	Chicago	Chicago	NNP
29915	272	74	(	(	-LRB-
29915	272	75	all	all	DT
29915	272	76	rail	rail	NN
29915	272	77	)	)	-RRB-
29915	272	78	.63	.63	NFP
29915	272	79	[	[	-LRB-
29915	272	80	1	1	LS
29915	272	81	]	]	-RRB-
29915	272	82	The	the	DT
29915	272	83	cheapest	cheap	JJS
29915	272	84	routing	routing	NN
29915	272	85	(	(	-LRB-
29915	272	86	48¢	48¢	CD
29915	272	87	)	)	-RRB-
29915	272	88	takes	take	VBZ
29915	272	89	about	about	RB
29915	272	90	two	two	CD
29915	272	91	weeks	week	NNS
29915	272	92	'	'	POS
29915	272	93	more	more	JJR
29915	272	94	time	time	NN
29915	272	95	in	in	IN
29915	272	96	transit	transit	NN
29915	272	97	than	than	IN
29915	272	98	the	the	DT
29915	272	99	New	New	NNP
29915	272	100	York	York	NNP
29915	272	101	all	all	DT
29915	272	102	-	-	HYPH
29915	272	103	rail	rail	NN
29915	272	104	routing	routing	NN
29915	272	105	(	(	-LRB-
29915	272	106	63¢	63¢	CD
29915	272	107	)	)	-RRB-
29915	272	108	.	.	.
29915	273	1	Interest	interest	NN
29915	273	2	charges	charge	NNS
29915	273	3	on	on	IN
29915	273	4	finances	finance	NNS
29915	273	5	involved	involve	VBN
29915	273	6	,	,	,
29915	273	7	etc	etc	FW
29915	273	8	.	.	FW
29915	273	9	,	,	,
29915	273	10	for	for	IN
29915	273	11	this	this	DT
29915	273	12	extra	extra	JJ
29915	273	13	period	period	NN
29915	273	14	will	will	MD
29915	273	15	bring	bring	VB
29915	273	16	the	the	DT
29915	273	17	expense	expense	NN
29915	273	18	of	of	IN
29915	273	19	this	this	DT
29915	273	20	routing	route	VBG
29915	273	21	to	to	IN
29915	273	22	approximately	approximately	RB
29915	273	23	50¢.	50¢.	CD
29915	274	1	After	after	IN
29915	274	2	a	a	DT
29915	274	3	study	study	NN
29915	274	4	of	of	IN
29915	274	5	the	the	DT
29915	274	6	amounts	amount	NNS
29915	274	7	of	of	IN
29915	274	8	sugar	sugar	NN
29915	274	9	shipped	ship	VBN
29915	274	10	over	over	IN
29915	274	11	these	these	DT
29915	274	12	various	various	JJ
29915	274	13	routes	route	NNS
29915	274	14	we	-PRON-	PRP
29915	274	15	have	have	VBP
29915	274	16	arrived	arrive	VBN
29915	274	17	at	at	IN
29915	274	18	an	an	DT
29915	274	19	arbitrary	arbitrary	JJ
29915	274	20	figure	figure	NN
29915	274	21	to	to	TO
29915	274	22	represent	represent	VB
29915	274	23	the	the	DT
29915	274	24	normal	normal	JJ
29915	274	25	differential	differential	NN
29915	274	26	between	between	IN
29915	274	27	refiners	refiner	NNS
29915	274	28	'	'	POS
29915	274	29	prices	price	NNS
29915	274	30	and	and	CC
29915	274	31	exchange	exchange	NN
29915	274	32	quotations	quotation	NNS
29915	274	33	.	.	.
29915	275	1	We	-PRON-	PRP
29915	275	2	believe	believe	VBP
29915	275	3	that	that	IN
29915	275	4	57¢	57¢	CD
29915	275	5	will	will	MD
29915	275	6	serve	serve	VB
29915	275	7	as	as	IN
29915	275	8	a	a	DT
29915	275	9	safe	safe	JJ
29915	275	10	basis	basis	NN
29915	275	11	for	for	IN
29915	275	12	calculation	calculation	NN
29915	275	13	,	,	,
29915	275	14	but	but	CC
29915	275	15	58¢	58¢	CD
29915	275	16	or	or	CC
29915	275	17	59¢	59¢	NNP
29915	275	18	might	may	MD
29915	275	19	be	be	VB
29915	275	20	equally	equally	RB
29915	275	21	--	--	:
29915	275	22	or	or	CC
29915	275	23	more	more	JJR
29915	275	24	--	--	:
29915	275	25	accurate	accurate	JJ
29915	275	26	.	.	.
29915	276	1	In	in	IN
29915	276	2	fact	fact	NN
29915	276	3	,	,	,
29915	276	4	anyone	anyone	NN
29915	276	5	is	be	VBZ
29915	276	6	entitled	entitle	VBN
29915	276	7	to	to	IN
29915	276	8	an	an	DT
29915	276	9	opinion	opinion	NN
29915	276	10	.	.	.
29915	277	1	57¢	57¢	CD
29915	277	2	is	be	VBZ
29915	277	3	our	-PRON-	PRP$
29915	277	4	opinion	opinion	NN
29915	277	5	.	.	.
29915	278	1	It	-PRON-	PRP
29915	278	2	is	be	VBZ
29915	278	3	not	not	RB
29915	278	4	an	an	DT
29915	278	5	average	average	NN
29915	278	6	of	of	IN
29915	278	7	freight	freight	NN
29915	278	8	rates	rate	NNS
29915	278	9	,	,	,
29915	278	10	but	but	CC
29915	278	11	is	be	VBZ
29915	278	12	an	an	DT
29915	278	13	arbitrary	arbitrary	JJ
29915	278	14	figure	figure	NN
29915	278	15	.	.	.
29915	279	1	When	when	WRB
29915	279	2	the	the	DT
29915	279	3	markets	market	NNS
29915	279	4	are	be	VBP
29915	279	5	in	in	IN
29915	279	6	line	line	NN
29915	279	7	,	,	,
29915	279	8	using	use	VBG
29915	279	9	57¢	57¢	CD
29915	279	10	as	as	IN
29915	279	11	a	a	DT
29915	279	12	basis	basis	NN
29915	279	13	for	for	IN
29915	279	14	calculation	calculation	NN
29915	279	15	,	,	,
29915	279	16	2	2	CD
29915	279	17	%	%	NN
29915	279	18	should	should	MD
29915	279	19	be	be	VB
29915	279	20	deducted	deduct	VBN
29915	279	21	from	from	IN
29915	279	22	refiners	refiner	NNS
29915	279	23	'	'	POS
29915	279	24	prices	price	NNS
29915	279	25	,	,	,
29915	279	26	and	and	CC
29915	279	27	57¢	57¢	CD
29915	279	28	added	add	VBN
29915	279	29	to	to	TO
29915	279	30	determine	determine	VB
29915	279	31	what	what	WP
29915	279	32	Exchange	Exchange	NNP
29915	279	33	quotation	quotation	NN
29915	279	34	should	should	MD
29915	279	35	be	be	VB
29915	279	36	.	.	.
29915	280	1	Conversely	conversely	RB
29915	280	2	,	,	,
29915	280	3	57¢	57¢	CD
29915	280	4	should	should	MD
29915	280	5	be	be	VB
29915	280	6	deducted	deduct	VBN
29915	280	7	from	from	IN
29915	280	8	Exchange	exchange	NN
29915	280	9	quotations	quotation	NNS
29915	280	10	and	and	CC
29915	280	11	2	2	CD
29915	280	12	%	%	NN
29915	280	13	added	add	VBN
29915	280	14	to	to	TO
29915	280	15	determine	determine	VB
29915	280	16	what	what	WDT
29915	280	17	refiners	refiner	NNS
29915	280	18	'	'	POS
29915	280	19	prices	price	NNS
29915	280	20	should	should	MD
29915	280	21	be	be	VB
29915	280	22	.	.	.
29915	281	1	If	if	IN
29915	281	2	you	-PRON-	PRP
29915	281	3	are	be	VBP
29915	281	4	willing	willing	JJ
29915	281	5	to	to	TO
29915	281	6	accept	accept	VB
29915	281	7	57¢	57¢	CD
29915	281	8	as	as	IN
29915	281	9	a	a	DT
29915	281	10	safe	safe	JJ
29915	281	11	figure	figure	NN
29915	281	12	,	,	,
29915	281	13	you	-PRON-	PRP
29915	281	14	may	may	MD
29915	281	15	find	find	VB
29915	281	16	the	the	DT
29915	281	17	following	follow	VBG
29915	281	18	chart	chart	NN
29915	281	19	useful	useful	JJ
29915	281	20	in	in	IN
29915	281	21	determining	determine	VBG
29915	281	22	the	the	DT
29915	281	23	condition	condition	NN
29915	281	24	of	of	IN
29915	281	25	the	the	DT
29915	281	26	market	market	NN
29915	281	27	:	:	:
29915	281	28	ARE	are	VBP
29915	281	29	REFINERS	refiner	NNS
29915	281	30	'	'	POS
29915	281	31	PRICES	price	NNS
29915	281	32	AND	and	CC
29915	281	33	EXCHANGE	EXCHANGE	NNP
29915	281	34	QUOTATIONS	QUOTATIONS	NNPS
29915	281	35	IN	in	IN
29915	281	36	LINE	line	NN
29915	281	37	?	?	.
29915	282	1	Based	base	VBN
29915	282	2	on	on	IN
29915	282	3	a	a	DT
29915	282	4	57¢	57¢	CD
29915	282	5	differential	differential	NN
29915	282	6	and	and	CC
29915	282	7	2	2	CD
29915	282	8	%	%	NN
29915	282	9	cash	cash	NN
29915	282	10	discount	discount	NN
29915	282	11	When	when	WRB
29915	282	12	Exchange	Exchange	NNP
29915	282	13	Refiners	Refiners	NNPS
29915	282	14	'	'	POS
29915	282	15	Quotations	quotation	NNS
29915	282	16	Prices	price	NNS
29915	282	17	Are	be	VBP
29915	282	18	Should	Should	MD
29915	282	19	Be	be	VB
29915	282	20	4¢	4¢	CD
29915	282	21	4.49	4.49	CD
29915	282	22	4.05	4.05	CD
29915	282	23	4.54	4.54	CD
29915	282	24	4.10	4.10	CD
29915	282	25	4.59	4.59	CD
29915	282	26	4.15	4.15	CD
29915	282	27	4.64	4.64	CD
29915	282	28	4.20	4.20	CD
29915	282	29	4.69	4.69	CD
29915	282	30	4.25	4.25	CD
29915	282	31	4.73	4.73	CD
29915	282	32	4.30	4.30	CD
29915	282	33	4.78	4.78	CD
29915	282	34	4.35	4.35	CD
29915	282	35	4.83	4.83	CD
29915	282	36	4.40	4.40	CD
29915	282	37	4.88	4.88	CD
29915	282	38	4.45	4.45	CD
29915	282	39	4.93	4.93	CD
29915	282	40	4.50	4.50	CD
29915	282	41	4.98	4.98	CD
29915	282	42	4.55	4.55	CD
29915	282	43	5.03	5.03	CD
29915	282	44	4.60	4.60	CD
29915	282	45	5.08	5.08	CD
29915	282	46	4.65	4.65	CD
29915	282	47	5.13	5.13	CD
29915	282	48	4.70	4.70	CD
29915	282	49	5.18	5.18	CD
29915	282	50	4.75	4.75	CD
29915	282	51	5.22	5.22	CD
29915	282	52	4.80	4.80	CD
29915	282	53	5.27	5.27	CD
29915	282	54	4.85	4.85	CD
29915	282	55	5.32	5.32	CD
29915	282	56	4.90	4.90	CD
29915	282	57	5.37	5.37	CD
29915	282	58	4.95	4.95	CD
29915	282	59	5.42	5.42	CD
29915	282	60	5.00	5.00	CD
29915	282	61	5.47	5.47	CD
29915	282	62	5.05	5.05	CD
29915	282	63	5.52	5.52	CD
29915	282	64	5.10	5.10	CD
29915	282	65	5.57	5.57	CD
29915	282	66	5.15	5.15	CD
29915	282	67	5.62	5.62	CD
29915	282	68	5.20	5.20	CD
29915	282	69	5.67	5.67	CD
29915	282	70	5.25	5.25	CD
29915	282	71	5.71	5.71	CD
29915	282	72	5.30	5.30	CD
29915	282	73	5.76	5.76	CD
29915	282	74	5.35	5.35	CD
29915	282	75	5.81	5.81	CD
29915	282	76	5.40	5.40	CD
29915	282	77	5.86	5.86	CD
29915	282	78	5.45	5.45	CD
29915	282	79	5.91	5.91	CD
29915	282	80	5.50	5.50	CD
29915	282	81	5.96	5.96	CD
29915	282	82	5.55	5.55	CD
29915	282	83	6.01	6.01	CD
29915	282	84	5.60	5.60	CD
29915	282	85	6.06	6.06	CD
29915	282	86	5.65	5.65	CD
29915	282	87	6.11	6.11	CD
29915	282	88	5.70	5.70	CD
29915	282	89	6.16	6.16	CD
29915	282	90	5.75	5.75	CD
29915	282	91	6.20	6.20	CD
29915	282	92	5.80	5.80	CD
29915	282	93	6.25	6.25	CD
29915	282	94	5.85	5.85	CD
29915	282	95	6.30	6.30	CD
29915	282	96	5.90	5.90	CD
29915	282	97	6.35	6.35	CD
29915	282	98	5.95	5.95	CD
29915	282	99	6.40	6.40	CD
29915	282	100	6.00	6.00	CD
29915	282	101	6.45	6.45	CD
29915	282	102	6.05	6.05	CD
29915	282	103	6.50	6.50	CD
29915	282	104	6.10	6.10	CD
29915	282	105	6.55	6.55	CD
29915	282	106	6.15	6.15	CD
29915	282	107	6.60	6.60	CD
29915	282	108	6.20	6.20	CD
29915	282	109	6.65	6.65	CD
29915	282	110	6.25	6.25	CD
29915	282	111	6.69	6.69	CD
29915	282	112	6.30	6.30	CD
29915	282	113	6.74	6.74	CD
29915	282	114	6.35	6.35	CD
29915	282	115	6.79	6.79	CD
29915	282	116	6.40	6.40	CD
29915	282	117	6.84	6.84	CD
29915	282	118	6.45	6.45	CD
29915	282	119	6.89	6.89	CD
29915	282	120	6.50	6.50	CD
29915	282	121	6.94	6.94	CD
29915	282	122	6.55	6.55	CD
29915	282	123	6.99	6.99	CD
29915	282	124	6.60	6.60	CD
29915	282	125	7.04	7.04	CD
29915	282	126	6.65	6.65	CD
29915	282	127	7.09	7.09	CD
29915	282	128	6.70	6.70	CD
29915	282	129	7.14	7.14	CD
29915	282	130	6.75	6.75	CD
29915	282	131	7.18	7.18	CD
29915	282	132	6.80	6.80	CD
29915	282	133	7.23	7.23	CD
29915	282	134	6.85	6.85	CD
29915	282	135	7.28	7.28	CD
29915	282	136	6.90	6.90	CD
29915	282	137	7.33	7.33	CD
29915	282	138	6.95	6.95	CD
29915	282	139	7.38	7.38	CD
29915	282	140	7.00	7.00	CD
29915	282	141	7.43	7.43	CD
29915	282	142	7.05	7.05	CD
29915	282	143	7.48	7.48	CD
29915	282	144	7.10	7.10	CD
29915	282	145	7.53	7.53	CD
29915	282	146	7.15	7.15	CD
29915	282	147	7.58	7.58	CD
29915	282	148	7.20	7.20	CD
29915	282	149	7.63	7.63	CD
29915	282	150	7.25	7.25	CD
29915	282	151	7.67	7.67	CD
29915	282	152	7.30	7.30	CD
29915	282	153	7.72	7.72	CD
29915	282	154	7.35	7.35	CD
29915	282	155	7.77	7.77	CD
29915	282	156	7.40	7.40	CD
29915	282	157	7.82	7.82	CD
29915	282	158	7.45	7.45	CD
29915	282	159	7.87	7.87	CD
29915	282	160	7.50	7.50	CD
29915	282	161	7.92	7.92	CD
29915	282	162	7.55	7.55	CD
29915	282	163	7.97	7.97	CD
29915	282	164	7.60	7.60	CD
29915	282	165	8.02	8.02	CD
29915	282	166	7.65	7.65	CD
29915	282	167	8.07	8.07	CD
29915	282	168	7.70	7.70	CD
29915	282	169	8.12	8.12	CD
29915	282	170	7.75	7.75	CD
29915	282	171	8.16	8.16	CD
29915	282	172	7.80	7.80	CD
29915	282	173	8.21	8.21	CD
29915	282	174	7.85	7.85	CD
29915	282	175	8.26	8.26	CD
29915	282	176	7.90	7.90	CD
29915	282	177	8.31	8.31	CD
29915	282	178	7.95	7.95	CD
29915	282	179	8.36	8.36	CD
29915	282	180	8.00	8.00	CD
29915	282	181	8.41	8.41	CD
29915	282	182	8.05	8.05	CD
29915	282	183	8.46	8.46	CD
29915	282	184	8.10	8.10	CD
29915	282	185	8.51	8.51	CD
29915	282	186	8.15	8.15	CD
29915	282	187	8.56	8.56	CD
29915	282	188	8.20	8.20	CD
29915	282	189	8.61	8.61	CD
29915	282	190	8.25	8.25	CD
29915	282	191	8.65	8.65	CD
29915	282	192	8.30	8.30	CD
29915	282	193	8.70	8.70	CD
29915	282	194	8.35	8.35	CD
29915	282	195	8.75	8.75	CD
29915	282	196	8.40	8.40	CD
29915	282	197	8.80	8.80	CD
29915	282	198	8.45	8.45	CD
29915	282	199	8.85	8.85	CD
29915	282	200	8.50	8.50	CD
29915	282	201	8.90	8.90	CD
29915	282	202	8.55	8.55	CD
29915	282	203	8.95	8.95	CD
29915	282	204	8.60	8.60	CD
29915	282	205	9.00	9.00	CD
29915	282	206	8.65	8.65	CD
29915	282	207	9.05	9.05	CD
29915	282	208	8.70	8.70	CD
29915	282	209	9.10	9.10	CD
29915	282	210	8.75	8.75	CD
29915	282	211	9.14	9.14	CD
29915	282	212	8.80	8.80	CD
29915	282	213	9.19	9.19	CD
29915	282	214	8.85	8.85	CD
29915	282	215	9.24	9.24	CD
29915	282	216	8.90	8.90	CD
29915	282	217	9.29	9.29	CD
29915	282	218	8.95	8.95	CD
29915	282	219	9.34	9.34	CD
29915	282	220	9.00	9.00	CD
29915	282	221	9.39	9.39	CD
29915	282	222	9.05	9.05	CD
29915	282	223	9.44	9.44	CD
29915	282	224	9.10	9.10	CD
29915	282	225	9.49	9.49	CD
29915	282	226	9.15	9.15	CD
29915	282	227	9.54	9.54	CD
29915	282	228	9.20	9.20	CD
29915	282	229	9.59	9.59	CD
29915	282	230	9.25	9.25	CD
29915	282	231	9.63	9.63	CD
29915	282	232	9.30	9.30	CD
29915	282	233	9.68	9.68	CD
29915	282	234	9.35	9.35	CD
29915	282	235	9.73	9.73	CD
29915	282	236	9.40	9.40	CD
29915	282	237	9.78	9.78	CD
29915	282	238	9.45	9.45	CD
29915	282	239	9.83	9.83	CD
29915	282	240	9.50	9.50	CD
29915	282	241	9.88	9.88	CD
29915	282	242	9.55	9.55	CD
29915	282	243	9.93	9.93	CD
29915	282	244	9.60	9.60	CD
29915	282	245	9.98	9.98	CD
29915	282	246	9.65	9.65	CD
29915	282	247	10.03	10.03	CD
29915	282	248	9.70	9.70	CD
29915	282	249	10.08	10.08	CD
29915	282	250	9.75	9.75	CD
29915	282	251	10.12	10.12	CD
29915	282	252	9.80	9.80	CD
29915	282	253	10.17	10.17	CD
29915	282	254	9.85	9.85	CD
29915	282	255	10.22	10.22	CD
29915	282	256	9.90	9.90	CD
29915	282	257	10.27	10.27	CD
29915	282	258	9.95	9.95	CD
29915	282	259	10.32	10.32	CD
29915	282	260	10.00	10.00	CD
29915	282	261	10.37	10.37	CD
29915	282	262	(	(	-LRB-
29915	282	263	This	this	DT
29915	282	264	chart	chart	NN
29915	282	265	works	work	VBZ
29915	282	266	both	both	DT
29915	282	267	ways	way	NNS
29915	282	268	.	.	.
29915	283	1	That	that	RB
29915	283	2	is	is	RB
29915	283	3	,	,	,
29915	283	4	when	when	WRB
29915	283	5	the	the	DT
29915	283	6	exchange	exchange	NN
29915	283	7	quotation	quotation	NN
29915	283	8	is	be	VBZ
29915	283	9	given	give	VBN
29915	283	10	,	,	,
29915	283	11	if	if	IN
29915	283	12	the	the	DT
29915	283	13	markets	market	NNS
29915	283	14	are	be	VBP
29915	283	15	in	in	IN
29915	283	16	line	line	NN
29915	283	17	the	the	DT
29915	283	18	refiners	refiner	NNS
29915	283	19	'	'	POS
29915	283	20	prices	price	NNS
29915	283	21	should	should	MD
29915	283	22	be	be	VB
29915	283	23	as	as	RB
29915	283	24	shown	show	VBN
29915	283	25	in	in	IN
29915	283	26	the	the	DT
29915	283	27	first	first	JJ
29915	283	28	column	column	NN
29915	283	29	.	.	.
29915	283	30	)	)	-RRB-
29915	284	1	It	-PRON-	PRP
29915	284	2	should	should	MD
29915	284	3	be	be	VB
29915	284	4	borne	bear	VBN
29915	284	5	in	in	IN
29915	284	6	mind	mind	NN
29915	284	7	that	that	IN
29915	284	8	the	the	DT
29915	284	9	above	above	JJ
29915	284	10	calculations	calculation	NNS
29915	284	11	are	be	VBP
29915	284	12	based	base	VBN
29915	284	13	upon	upon	IN
29915	284	14	a	a	DT
29915	284	15	normal	normal	JJ
29915	284	16	difference	difference	NN
29915	284	17	in	in	IN
29915	284	18	price	price	NN
29915	284	19	of	of	IN
29915	284	20	20¢	20¢	CD
29915	284	21	per	per	IN
29915	284	22	hundred	hundred	CD
29915	284	23	pounds	pound	NNS
29915	284	24	between	between	IN
29915	284	25	beet	beet	NN
29915	284	26	and	and	CC
29915	284	27	cane	cane	NN
29915	284	28	sugars	sugar	NNS
29915	284	29	,	,	,
29915	284	30	which	which	WDT
29915	284	31	is	be	VBZ
29915	284	32	the	the	DT
29915	284	33	ruling	rule	VBG
29915	284	34	difference	difference	NN
29915	284	35	as	as	IN
29915	284	36	quoted	quote	VBN
29915	284	37	in	in	IN
29915	284	38	the	the	DT
29915	284	39	Exchange	Exchange	NNP
29915	284	40	contract	contract	NN
29915	284	41	.	.	.
29915	285	1	Should	Should	MD
29915	285	2	beet	beet	NN
29915	285	3	refiners	refiner	NNS
29915	285	4	elect	elect	VB
29915	285	5	to	to	TO
29915	285	6	sell	sell	VB
29915	285	7	at	at	IN
29915	285	8	greater	great	JJR
29915	285	9	discounts	discount	NNS
29915	285	10	than	than	IN
29915	285	11	20	20	CD
29915	285	12	points	point	NNS
29915	285	13	under	under	IN
29915	285	14	cane	cane	NN
29915	285	15	refiners	refiner	NNS
29915	285	16	'	'	POS
29915	285	17	Seaboard	Seaboard	NNP
29915	285	18	prices	price	NNS
29915	285	19	,	,	,
29915	285	20	the	the	DT
29915	285	21	amount	amount	NN
29915	285	22	in	in	IN
29915	285	23	excess	excess	NN
29915	285	24	of	of	IN
29915	285	25	20	20	CD
29915	285	26	points	point	NNS
29915	285	27	would	would	MD
29915	285	28	have	have	VB
29915	285	29	to	to	TO
29915	285	30	be	be	VB
29915	285	31	subtracted	subtract	VBN
29915	285	32	from	from	IN
29915	285	33	our	-PRON-	PRP$
29915	285	34	arbitrary	arbitrary	JJ
29915	285	35	figure	figure	NN
29915	285	36	of	of	IN
29915	285	37	57¢.	57¢.	CD
29915	286	1	The	the	DT
29915	286	2	Function	function	NN
29915	286	3	of	of	IN
29915	286	4	the	the	DT
29915	286	5	Sugar	Sugar	NNP
29915	286	6	Broker	Broker	NNP
29915	286	7	If	if	IN
29915	286	8	you	-PRON-	PRP
29915	286	9	should	should	MD
29915	286	10	organize	organize	VB
29915	286	11	your	-PRON-	PRP$
29915	286	12	company	company	NN
29915	286	13	so	so	IN
29915	286	14	that	that	IN
29915	286	15	it	-PRON-	PRP
29915	286	16	could	could	MD
29915	286	17	attend	attend	VB
29915	286	18	to	to	IN
29915	286	19	all	all	PDT
29915	286	20	the	the	DT
29915	286	21	details	detail	NNS
29915	286	22	of	of	IN
29915	286	23	sugar	sugar	NN
29915	286	24	buying	buy	VBG
29915	286	25	economically	economically	RB
29915	286	26	,	,	,
29915	286	27	you	-PRON-	PRP
29915	286	28	would	would	MD
29915	286	29	probably	probably	RB
29915	286	30	still	still	RB
29915	286	31	profit	profit	VB
29915	286	32	from	from	IN
29915	286	33	the	the	DT
29915	286	34	assistance	assistance	NN
29915	286	35	of	of	IN
29915	286	36	a	a	DT
29915	286	37	sugar	sugar	NN
29915	286	38	broker	broker	NN
29915	286	39	whose	whose	WP$
29915	286	40	specialty	specialty	NN
29915	286	41	is	be	VBZ
29915	286	42	sugar	sugar	NN
29915	286	43	buying	buying	NN
29915	286	44	,	,	,
29915	286	45	whose	whose	WP$
29915	286	46	horizon	horizon	NN
29915	286	47	is	be	VBZ
29915	286	48	a	a	DT
29915	286	49	sugar	sugar	NN
29915	286	50	horizon	horizon	NN
29915	286	51	,	,	,
29915	286	52	whose	whose	WP$
29915	286	53	thoughts	thought	NNS
29915	286	54	are	be	VBP
29915	286	55	sugar	sugar	NN
29915	286	56	thoughts	thought	NNS
29915	286	57	and	and	CC
29915	286	58	who	who	WP
29915	286	59	must	must	MD
29915	286	60	necessarily	necessarily	RB
29915	286	61	know	know	VB
29915	286	62	more	more	JJR
29915	286	63	about	about	IN
29915	286	64	sugar	sugar	NN
29915	286	65	than	than	IN
29915	286	66	the	the	DT
29915	286	67	average	average	JJ
29915	286	68	buyer	buyer	NN
29915	286	69	would	would	MD
29915	286	70	ever	ever	RB
29915	286	71	consider	consider	VB
29915	286	72	it	-PRON-	PRP
29915	286	73	desirable	desirable	JJ
29915	286	74	to	to	TO
29915	286	75	know	know	VB
29915	286	76	.	.	.
29915	287	1	The	the	DT
29915	287	2	sugar	sugar	NN
29915	287	3	broker	broker	NN
29915	287	4	's	's	POS
29915	287	5	service	service	NN
29915	287	6	to	to	IN
29915	287	7	you	-PRON-	PRP
29915	287	8	is	be	VBZ
29915	287	9	unaffected	unaffected	JJ
29915	287	10	by	by	IN
29915	287	11	prices	price	NNS
29915	287	12	--	--	:
29915	287	13	his	-PRON-	PRP$
29915	287	14	prices	price	NNS
29915	287	15	and	and	CC
29915	287	16	all	all	DT
29915	287	17	other	other	JJ
29915	287	18	brokers	broker	NNS
29915	287	19	'	'	POS
29915	287	20	prices	price	NNS
29915	287	21	are	be	VBP
29915	287	22	the	the	DT
29915	287	23	Exchange	Exchange	NNP
29915	287	24	prices	price	NNS
29915	287	25	;	;	:
29915	287	26	his	-PRON-	PRP$
29915	287	27	commissions	commission	NNS
29915	287	28	are	be	VBP
29915	287	29	based	base	VBN
29915	287	30	on	on	IN
29915	287	31	the	the	DT
29915	287	32	same	same	JJ
29915	287	33	percentages	percentage	NNS
29915	287	34	as	as	IN
29915	287	35	all	all	DT
29915	287	36	other	other	JJ
29915	287	37	brokers	broker	NNS
29915	287	38	'	'	POS
29915	287	39	commissions	commission	NNS
29915	287	40	.	.	.
29915	288	1	His	-PRON-	PRP$
29915	288	2	only	only	JJ
29915	288	3	distinction	distinction	NN
29915	288	4	can	can	MD
29915	288	5	come	come	VB
29915	288	6	from	from	IN
29915	288	7	the	the	DT
29915	288	8	actual	actual	JJ
29915	288	9	service	service	NN
29915	288	10	he	-PRON-	PRP
29915	288	11	can	can	MD
29915	288	12	render	render	VB
29915	288	13	.	.	.
29915	289	1	This	this	DT
29915	289	2	service	service	NN
29915	289	3	may	may	MD
29915	289	4	be	be	VB
29915	289	5	good	good	JJ
29915	289	6	or	or	CC
29915	289	7	poor	poor	JJ
29915	289	8	,	,	,
29915	289	9	depending	depend	VBG
29915	289	10	upon	upon	IN
29915	289	11	whether	whether	IN
29915	289	12	his	-PRON-	PRP$
29915	289	13	experience	experience	NN
29915	289	14	,	,	,
29915	289	15	his	-PRON-	PRP$
29915	289	16	organization	organization	NN
29915	289	17	,	,	,
29915	289	18	his	-PRON-	PRP$
29915	289	19	information	information	NN
29915	289	20	and	and	CC
29915	289	21	his	-PRON-	PRP$
29915	289	22	judgment	judgment	NN
29915	289	23	are	be	VBP
29915	289	24	good	good	JJ
29915	289	25	or	or	CC
29915	289	26	poor	poor	JJ
29915	289	27	.	.	.
29915	290	1	If	if	IN
29915	290	2	,	,	,
29915	290	3	added	add	VBD
29915	290	4	to	to	IN
29915	290	5	his	-PRON-	PRP$
29915	290	6	knowledge	knowledge	NN
29915	290	7	of	of	IN
29915	290	8	sugar	sugar	NN
29915	290	9	,	,	,
29915	290	10	he	-PRON-	PRP
29915	290	11	also	also	RB
29915	290	12	possesses	possess	VBZ
29915	290	13	a	a	DT
29915	290	14	broad	broad	JJ
29915	290	15	knowledge	knowledge	NN
29915	290	16	of	of	IN
29915	290	17	economic	economic	JJ
29915	290	18	fundamentals	fundamental	NNS
29915	290	19	and	and	CC
29915	290	20	a	a	DT
29915	290	21	perspective	perspective	NN
29915	290	22	upon	upon	IN
29915	290	23	and	and	CC
29915	290	24	contact	contact	NN
29915	290	25	with	with	IN
29915	290	26	world	world	NN
29915	290	27	activities	activity	NNS
29915	290	28	as	as	IN
29915	290	29	they	-PRON-	PRP
29915	290	30	affect	affect	VBP
29915	290	31	all	all	DT
29915	290	32	phases	phase	NNS
29915	290	33	of	of	IN
29915	290	34	the	the	DT
29915	290	35	business	business	NN
29915	290	36	of	of	IN
29915	290	37	sugar	sugar	NN
29915	290	38	,	,	,
29915	290	39	his	-PRON-	PRP$
29915	290	40	service	service	NN
29915	290	41	will	will	MD
29915	290	42	be	be	VB
29915	290	43	many	many	JJ
29915	290	44	times	time	NNS
29915	290	45	more	more	RBR
29915	290	46	valuable	valuable	JJ
29915	290	47	than	than	IN
29915	290	48	if	if	IN
29915	290	49	he	-PRON-	PRP
29915	290	50	were	be	VBD
29915	290	51	limited	limit	VBN
29915	290	52	by	by	IN
29915	290	53	a	a	DT
29915	290	54	small	small	JJ
29915	290	55	organization	organization	NN
29915	290	56	,	,	,
29915	290	57	by	by	IN
29915	290	58	a	a	DT
29915	290	59	definite	definite	JJ
29915	290	60	locality	locality	NN
29915	290	61	or	or	CC
29915	290	62	by	by	IN
29915	290	63	experience	experience	NN
29915	290	64	in	in	IN
29915	290	65	only	only	RB
29915	290	66	a	a	DT
29915	290	67	few	few	JJ
29915	290	68	phases	phase	NNS
29915	290	69	of	of	IN
29915	290	70	this	this	DT
29915	290	71	business	business	NN
29915	290	72	.	.	.
29915	291	1	A	a	DT
29915	291	2	sugar	sugar	NN
29915	291	3	broker	broker	NN
29915	291	4	who	who	WP
29915	291	5	merely	merely	RB
29915	291	6	_	_	IN
29915	291	7	accepts	accept	VBZ
29915	291	8	and	and	CC
29915	291	9	transacts	transact	VBZ
29915	291	10	orders	order	NNS
29915	291	11	_	_	NNP
29915	291	12	is	be	VBZ
29915	291	13	giving	give	VBG
29915	291	14	no	no	DT
29915	291	15	service	service	NN
29915	291	16	worth	worth	JJ
29915	291	17	the	the	DT
29915	291	18	name	name	NN
29915	291	19	.	.	.
29915	292	1	To	to	TO
29915	292	2	give	give	VB
29915	292	3	service	service	NN
29915	292	4	in	in	IN
29915	292	5	accordance	accordance	NN
29915	292	6	with	with	IN
29915	292	7	the	the	DT
29915	292	8	highest	high	JJS
29915	292	9	modern	modern	JJ
29915	292	10	standards	standard	NNS
29915	292	11	,	,	,
29915	292	12	he	-PRON-	PRP
29915	292	13	must	must	MD
29915	292	14	stand	stand	VB
29915	292	15	as	as	IN
29915	292	16	an	an	DT
29915	292	17	adviser	adviser	NN
29915	292	18	,	,	,
29915	292	19	as	as	IN
29915	292	20	a	a	DT
29915	292	21	constant	constant	JJ
29915	292	22	seeker	seeker	NN
29915	292	23	after	after	IN
29915	292	24	opportunities	opportunity	NNS
29915	292	25	which	which	WDT
29915	292	26	will	will	MD
29915	292	27	benefit	benefit	VB
29915	292	28	his	-PRON-	PRP$
29915	292	29	clients	client	NNS
29915	292	30	,	,	,
29915	292	31	as	as	IN
29915	292	32	a	a	DT
29915	292	33	partner	partner	NN
29915	292	34	whose	whose	WP$
29915	292	35	interest	interest	NN
29915	292	36	in	in	IN
29915	292	37	his	-PRON-	PRP$
29915	292	38	clients	client	NNS
29915	292	39	'	'	POS
29915	292	40	profits	profit	NNS
29915	292	41	and	and	CC
29915	292	42	progress	progress	NN
29915	292	43	equals	equal	VBZ
29915	292	44	his	-PRON-	PRP$
29915	292	45	interest	interest	NN
29915	292	46	in	in	IN
29915	292	47	his	-PRON-	PRP$
29915	292	48	own	own	JJ
29915	292	49	.	.	.
29915	293	1	Our	-PRON-	PRP$
29915	293	2	experience	experience	NN
29915	293	3	has	have	VBZ
29915	293	4	convinced	convince	VBN
29915	293	5	us	-PRON-	PRP
29915	293	6	that	that	IN
29915	293	7	the	the	DT
29915	293	8	client	client	NN
29915	293	9	secures	secure	VBZ
29915	293	10	the	the	DT
29915	293	11	greatest	great	JJS
29915	293	12	amount	amount	NN
29915	293	13	of	of	IN
29915	293	14	protection	protection	NN
29915	293	15	in	in	IN
29915	293	16	filling	fill	VBG
29915	293	17	his	-PRON-	PRP$
29915	293	18	sugar	sugar	NN
29915	293	19	needs	need	VBZ
29915	293	20	when	when	WRB
29915	293	21	one	one	CD
29915	293	22	broker	broker	NN
29915	293	23	handles	handle	VBZ
29915	293	24	all	all	DT
29915	293	25	sugar	sugar	NN
29915	293	26	transactions	transaction	NNS
29915	293	27	.	.	.
29915	294	1	These	these	DT
29915	294	2	exchange	exchange	NN
29915	294	3	operations	operation	NNS
29915	294	4	should	should	MD
29915	294	5	be	be	VB
29915	294	6	carried	carry	VBN
29915	294	7	out	out	RP
29915	294	8	when	when	WRB
29915	294	9	the	the	DT
29915	294	10	market	market	NN
29915	294	11	is	be	VBZ
29915	294	12	out	out	IN
29915	294	13	of	of	IN
29915	294	14	line	line	NN
29915	294	15	in	in	IN
29915	294	16	your	-PRON-	PRP$
29915	294	17	favor	favor	NN
29915	294	18	.	.	.
29915	295	1	You	-PRON-	PRP
29915	295	2	need	need	VBP
29915	295	3	the	the	DT
29915	295	4	best	good	JJS
29915	295	5	kind	kind	NN
29915	295	6	of	of	IN
29915	295	7	advice	advice	NN
29915	295	8	,	,	,
29915	295	9	based	base	VBN
29915	295	10	on	on	IN
29915	295	11	an	an	DT
29915	295	12	intimate	intimate	JJ
29915	295	13	knowledge	knowledge	NN
29915	295	14	of	of	IN
29915	295	15	your	-PRON-	PRP$
29915	295	16	business	business	NN
29915	295	17	.	.	.
29915	296	1	A	a	DT
29915	296	2	single	single	JJ
29915	296	3	brokerage	brokerage	NN
29915	296	4	house	house	NN
29915	296	5	becomes	become	VBZ
29915	296	6	thoroughly	thoroughly	RB
29915	296	7	acquainted	acquaint	VBN
29915	296	8	with	with	IN
29915	296	9	the	the	DT
29915	296	10	client	client	NN
29915	296	11	's	's	POS
29915	296	12	business	business	NN
29915	296	13	and	and	CC
29915	296	14	personnel	personnel	NNS
29915	296	15	,	,	,
29915	296	16	with	with	IN
29915	296	17	the	the	DT
29915	296	18	result	result	NN
29915	296	19	that	that	IN
29915	296	20	the	the	DT
29915	296	21	two	two	CD
29915	296	22	organizations	organization	NNS
29915	296	23	work	work	VBP
29915	296	24	in	in	IN
29915	296	25	harmony	harmony	NN
29915	296	26	virtually	virtually	RB
29915	296	27	as	as	IN
29915	296	28	partners	partner	NNS
29915	296	29	,	,	,
29915	296	30	confusion	confusion	NN
29915	296	31	and	and	CC
29915	296	32	misunderstandings	misunderstanding	NNS
29915	296	33	are	be	VBP
29915	296	34	avoided	avoid	VBN
29915	296	35	,	,	,
29915	296	36	quicker	quick	JJR
29915	296	37	and	and	CC
29915	296	38	more	more	RBR
29915	296	39	advantageous	advantageous	JJ
29915	296	40	transactions	transaction	NNS
29915	296	41	are	be	VBP
29915	296	42	made	make	VBN
29915	296	43	possible	possible	JJ
29915	296	44	.	.	.
29915	297	1	The	the	DT
29915	297	2	choice	choice	NN
29915	297	3	of	of	IN
29915	297	4	that	that	DT
29915	297	5	broker	broker	NN
29915	297	6	should	should	MD
29915	297	7	be	be	VB
29915	297	8	a	a	DT
29915	297	9	matter	matter	NN
29915	297	10	of	of	IN
29915	297	11	great	great	JJ
29915	297	12	care	care	NN
29915	297	13	,	,	,
29915	297	14	for	for	IN
29915	297	15	in	in	IN
29915	297	16	addition	addition	NN
29915	297	17	to	to	IN
29915	297	18	the	the	DT
29915	297	19	willingness	willingness	NN
29915	297	20	to	to	TO
29915	297	21	serve	serve	VB
29915	297	22	,	,	,
29915	297	23	he	-PRON-	PRP
29915	297	24	must	must	MD
29915	297	25	have	have	VB
29915	297	26	the	the	DT
29915	297	27	facilities	facility	NNS
29915	297	28	and	and	CC
29915	297	29	the	the	DT
29915	297	30	financial	financial	JJ
29915	297	31	stability	stability	NN
29915	297	32	.	.	.
29915	298	1	For	for	IN
29915	298	2	,	,	,
29915	298	3	bear	bear	VB
29915	298	4	in	in	IN
29915	298	5	mind	mind	NN
29915	298	6	that	that	IN
29915	298	7	the	the	DT
29915	298	8	broker	broker	NN
29915	298	9	with	with	IN
29915	298	10	whom	whom	WP
29915	298	11	you	-PRON-	PRP
29915	298	12	deal	deal	VBP
29915	298	13	is	be	VBZ
29915	298	14	the	the	DT
29915	298	15	responsible	responsible	JJ
29915	298	16	party	party	NN
29915	298	17	for	for	IN
29915	298	18	the	the	DT
29915	298	19	fulfillment	fulfillment	NN
29915	298	20	of	of	IN
29915	298	21	the	the	DT
29915	298	22	contract	contract	NN
29915	298	23	.	.	.
29915	299	1	Your	-PRON-	PRP$
29915	299	2	contract	contract	NN
29915	299	3	is	be	VBZ
29915	299	4	as	as	RB
29915	299	5	good	good	JJ
29915	299	6	only	only	RB
29915	299	7	as	as	IN
29915	299	8	the	the	DT
29915	299	9	reliability	reliability	NN
29915	299	10	of	of	IN
29915	299	11	your	-PRON-	PRP$
29915	299	12	broker	broker	NN
29915	299	13	.	.	.
29915	300	1	Lamborn	Lamborn	NNP
29915	300	2	&	&	CC
29915	300	3	Company	Company	NNP
29915	300	4	has	have	VBZ
29915	300	5	become	become	VBN
29915	300	6	known	know	VBN
29915	300	7	throughout	throughout	IN
29915	300	8	this	this	DT
29915	300	9	country	country	NN
29915	300	10	and	and	CC
29915	300	11	abroad	abroad	RB
29915	300	12	as	as	IN
29915	300	13	an	an	DT
29915	300	14	institution	institution	NN
29915	300	15	for	for	IN
29915	300	16	the	the	DT
29915	300	17	service	service	NN
29915	300	18	of	of	IN
29915	300	19	all	all	PDT
29915	300	20	those	those	DT
29915	300	21	who	who	WP
29915	300	22	have	have	VBP
29915	300	23	a	a	DT
29915	300	24	business	business	NN
29915	300	25	interest	interest	NN
29915	300	26	in	in	IN
29915	300	27	sugar	sugar	NN
29915	300	28	.	.	.
29915	301	1	Lamborn	Lamborn	NNP
29915	301	2	Sugar	Sugar	NNP
29915	301	3	Service	Service	NNP
29915	301	4	is	be	VBZ
29915	301	5	rendered	render	VBN
29915	301	6	through	through	IN
29915	301	7	our	-PRON-	PRP$
29915	301	8	head	head	NN
29915	301	9	office	office	NN
29915	301	10	at	at	IN
29915	301	11	132	132	CD
29915	301	12	Front	Front	NNP
29915	301	13	Street	Street	NNP
29915	301	14	,	,	,
29915	301	15	New	New	NNP
29915	301	16	York	York	NNP
29915	301	17	,	,	,
29915	301	18	and	and	CC
29915	301	19	through	through	IN
29915	301	20	branch	branch	NN
29915	301	21	offices	office	NNS
29915	301	22	in	in	IN
29915	301	23	Philadelphia	Philadelphia	NNP
29915	301	24	,	,	,
29915	301	25	Chicago	Chicago	NNP
29915	301	26	,	,	,
29915	301	27	Savannah	Savannah	NNP
29915	301	28	,	,	,
29915	301	29	New	New	NNP
29915	301	30	Orleans	Orleans	NNP
29915	301	31	,	,	,
29915	301	32	Kansas	Kansas	NNP
29915	301	33	City	City	NNP
29915	301	34	,	,	,
29915	301	35	Mo.	Mo.	NNP
29915	302	1	and	and	CC
29915	302	2	San	San	NNP
29915	302	3	Francisco	Francisco	NNP
29915	302	4	.	.	.
29915	303	1	Lamborn	Lamborn	NNP
29915	303	2	Service	Service	NNP
29915	303	3	in	in	IN
29915	303	4	all	all	DT
29915	303	5	its	-PRON-	PRP$
29915	303	6	phases	phase	NNS
29915	303	7	is	be	VBZ
29915	303	8	available	available	JJ
29915	303	9	to	to	IN
29915	303	10	you	-PRON-	PRP
29915	303	11	as	as	IN
29915	303	12	a	a	DT
29915	303	13	jobber	jobber	NN
29915	303	14	.	.	.
29915	304	1	We	-PRON-	PRP
29915	304	2	shall	shall	MD
29915	304	3	be	be	VB
29915	304	4	very	very	RB
29915	304	5	glad	glad	JJ
29915	304	6	to	to	TO
29915	304	7	explain	explain	VB
29915	304	8	either	either	CC
29915	304	9	in	in	IN
29915	304	10	person	person	NN
29915	304	11	or	or	CC
29915	304	12	by	by	IN
29915	304	13	letter	letter	NN
29915	304	14	what	what	WP
29915	304	15	a	a	DT
29915	304	16	brokerage	brokerage	NN
29915	304	17	relationship	relationship	NN
29915	304	18	with	with	IN
29915	304	19	us	-PRON-	PRP
29915	304	20	involves	involve	VBZ
29915	304	21	,	,	,
29915	304	22	how	how	WRB
29915	304	23	it	-PRON-	PRP
29915	304	24	may	may	MD
29915	304	25	be	be	VB
29915	304	26	accomplished	accomplish	VBN
29915	304	27	and	and	CC
29915	304	28	how	how	WRB
29915	304	29	transactions	transaction	NNS
29915	304	30	may	may	MD
29915	304	31	be	be	VB
29915	304	32	carried	carry	VBN
29915	304	33	out	out	RP
29915	304	34	.	.	.
29915	305	1	LAMBORN	LAMBORN	NNP
29915	305	2	&	&	CC
29915	305	3	COMPANY	COMPANY	NNP
29915	305	4	_	_	NNP
29915	305	5	Sugar	Sugar	NNP
29915	305	6	Headquarters	Headquarters	NNP
29915	305	7	_	_	NNP
29915	305	8	132	132	CD
29915	305	9	Front	Front	NNP
29915	305	10	Street	Street	NNP
29915	305	11	:	:	:
29915	305	12	New	New	NNP
29915	305	13	York	York	NNP
29915	305	14	7	7	CD
29915	305	15	Wall	Wall	NNP
29915	305	16	Street	Street	NNP
29915	305	17	:	:	:
29915	305	18	New	New	NNP
29915	305	19	York	York	NNP
29915	305	20	(	(	-LRB-
29915	305	21	Securities	Securities	NNP
29915	305	22	)	)	-RRB-
29915	305	23	Havana	Havana	NNP
29915	305	24	and	and	CC
29915	305	25	Cienfuegos	Cienfuegos	NNP
29915	305	26	,	,	,
29915	305	27	Cuba	Cuba	NNP
29915	305	28	Paris	Paris	NNP
29915	305	29	,	,	,
29915	305	30	France	France	NNP
29915	305	31	THE	the	DT
29915	305	32	LAMBORN	LAMBORN	NNP
29915	305	33	COMPANY	COMPANY	NNP
29915	305	34	LAMBORN	LAMBORN	NNP
29915	305	35	&	&	CC
29915	305	36	CIE	CIE	NNP
29915	305	37	_	_	NNP
29915	305	38	Branches	Branches	NNPS
29915	305	39	in	in	IN
29915	305	40	the	the	DT
29915	305	41	United	United	NNP
29915	305	42	States	States	NNP
29915	305	43	_	_	NNP
29915	305	44	Philadelphia	Philadelphia	NNP
29915	305	45	Savannah	Savannah	NNP
29915	305	46	New	New	NNP
29915	305	47	Orleans	Orleans	NNP
29915	305	48	Chicago	Chicago	NNP
29915	305	49	Kansas	Kansas	NNP
29915	305	50	City	City	NNP
29915	305	51	San	San	NNP
29915	305	52	Francisco	Francisco	NNP
29915	305	53	_	_	NNP
29915	305	54	Members	Members	NNPS
29915	305	55	of	of	IN
29915	305	56	_	_	NNP
29915	305	57	:	:	:
29915	305	58	New	New	NNP
29915	305	59	York	York	NNP
29915	305	60	Coffee	Coffee	NNP
29915	305	61	&	&	CC
29915	305	62	Sugar	Sugar	NNP
29915	305	63	Exchange	Exchange	NNP
29915	305	64	,	,	,
29915	305	65	Inc.	Inc.	NNP
29915	305	66	New	New	NNP
29915	305	67	York	York	NNP
29915	305	68	Stock	Stock	NNP
29915	305	69	Exchange	Exchange	NNP
29915	305	70	New	New	NNP
29915	305	71	York	York	NNP
29915	305	72	Cotton	Cotton	NNP
29915	305	73	Exchange	Exchange	NNP
29915	305	74	New	New	NNP
29915	305	75	York	York	NNP
29915	305	76	Produce	Produce	NNP
29915	305	77	Exchange	Exchange	NNP
29915	305	78	Chicago	Chicago	NNP
29915	305	79	Board	Board	NNP
29915	305	80	of	of	IN
29915	305	81	Trade	Trade	NNP
29915	305	82	London	London	NNP
29915	305	83	Produce	Produce	NNP
29915	305	84	Clearing	Clearing	NNP
29915	305	85	House	House	NNP
29915	305	86	,	,	,
29915	305	87	Ltd.	Ltd.	NNP
29915	305	88	Cable	Cable	NNP
29915	305	89	Address	address	NN
29915	305	90	:	:	:
29915	305	91	Lamborn	Lamborn	NNP
29915	305	92	Contract	contract	NN
29915	305	93	between	between	IN
29915	305	94	Members	member	NNS
29915	305	95	of	of	IN
29915	305	96	the	the	DT
29915	305	97	New	New	NNP
29915	305	98	York	York	NNP
29915	305	99	Coffee	Coffee	NNP
29915	305	100	and	and	CC
29915	305	101	Sugar	Sugar	NNP
29915	305	102	Exchange	Exchange	NNP
29915	305	103	,	,	,
29915	305	104	Inc.	Inc.	NNP
29915	306	1	The	the	DT
29915	306	2	Standard	Standard	NNP
29915	306	3	Fine	Fine	NNP
29915	306	4	Granulated	Granulated	NNP
29915	306	5	Sugar	Sugar	NNP
29915	306	6	contract	contract	NN
29915	306	7	is	be	VBZ
29915	306	8	as	as	IN
29915	306	9	follows	follow	VBZ
29915	306	10	:	:	:
29915	306	11	Sold	sell	VBN
29915	306	12	for	for	IN
29915	306	13	...	...	:
29915	306	14	to	to	IN
29915	306	15	...	...	NFP
29915	306	16	800	800	CD
29915	306	17	bags	bag	NNS
29915	306	18	(	(	-LRB-
29915	306	19	of	of	IN
29915	306	20	100	100	CD
29915	306	21	lbs	lb	NNS
29915	306	22	.	.	.
29915	307	1	net	net	JJ
29915	307	2	each	each	DT
29915	307	3	)	)	-RRB-
29915	307	4	of	of	IN
29915	307	5	Standard	Standard	NNP
29915	307	6	Fine	Fine	NNP
29915	307	7	Granulated	Granulated	NNP
29915	307	8	Sugar	Sugar	NNP
29915	307	9	at	at	IN
29915	307	10	...	...	:
29915	307	11	cents	cent	NNS
29915	307	12	per	per	IN
29915	307	13	pound	pound	NN
29915	307	14	,	,	,
29915	307	15	manufactured	manufacture	VBN
29915	307	16	in	in	IN
29915	307	17	the	the	DT
29915	307	18	United	United	NNP
29915	307	19	States	States	NNP
29915	307	20	or	or	CC
29915	307	21	insular	insular	JJ
29915	307	22	possessions	possession	NNS
29915	307	23	,	,	,
29915	307	24	packed	pack	VBN
29915	307	25	in	in	IN
29915	307	26	cotton	cotton	NN
29915	307	27	-	-	HYPH
29915	307	28	lined	line	VBN
29915	307	29	burlap	burlap	NN
29915	307	30	bags	bag	NNS
29915	307	31	,	,	,
29915	307	32	deliverable	deliverable	JJ
29915	307	33	from	from	IN
29915	307	34	licensed	licensed	JJ
29915	307	35	warehouse	warehouse	NN
29915	307	36	in	in	IN
29915	307	37	Chicago	Chicago	NNP
29915	307	38	between	between	IN
29915	307	39	the	the	DT
29915	307	40	first	first	JJ
29915	307	41	and	and	CC
29915	307	42	last	last	JJ
29915	307	43	days	day	NNS
29915	307	44	of	of	IN
29915	307	45	...	...	:
29915	307	46	inclusive	inclusive	JJ
29915	307	47	.	.	.
29915	308	1	Delivery	delivery	NN
29915	308	2	within	within	IN
29915	308	3	such	such	JJ
29915	308	4	time	time	NN
29915	308	5	to	to	TO
29915	308	6	be	be	VB
29915	308	7	at	at	IN
29915	308	8	Seller	Seller	NNP
29915	308	9	's	's	POS
29915	308	10	option	option	NN
29915	308	11	,	,	,
29915	308	12	upon	upon	IN
29915	308	13	seven	seven	CD
29915	308	14	,	,	,
29915	308	15	eight	eight	CD
29915	308	16	or	or	CC
29915	308	17	nine	nine	CD
29915	308	18	days	day	NNS
29915	308	19	'	'	POS
29915	308	20	notice	notice	NN
29915	308	21	to	to	IN
29915	308	22	the	the	DT
29915	308	23	buyer	buyer	NN
29915	308	24	.	.	.
29915	309	1	If	if	IN
29915	309	2	Domestic	domestic	JJ
29915	309	3	Beet	Beet	NNP
29915	309	4	Standard	Standard	NNP
29915	309	5	Fine	Fine	NNP
29915	309	6	Granulated	Granulated	NNP
29915	309	7	Sugar	Sugar	NNP
29915	309	8	be	be	VB
29915	309	9	delivered	deliver	VBN
29915	309	10	in	in	IN
29915	309	11	fulfillment	fulfillment	NN
29915	309	12	of	of	IN
29915	309	13	this	this	DT
29915	309	14	contract	contract	NN
29915	309	15	,	,	,
29915	309	16	Seller	Seller	NNP
29915	309	17	to	to	TO
29915	309	18	make	make	VB
29915	309	19	an	an	DT
29915	309	20	allowance	allowance	NN
29915	309	21	of	of	IN
29915	309	22	20¢	20¢	CD
29915	309	23	per	per	IN
29915	309	24	100	100	CD
29915	309	25	lbs	lb	NNS
29915	309	26	.	.	.
29915	310	1	The	the	DT
29915	310	2	Seller	Seller	NNP
29915	310	3	shall	shall	MD
29915	310	4	have	have	VB
29915	310	5	the	the	DT
29915	310	6	right	right	NN
29915	310	7	to	to	TO
29915	310	8	deliver	deliver	VB
29915	310	9	Foreign	Foreign	NNP
29915	310	10	Cane	Cane	NNP
29915	310	11	Standard	Standard	NNP
29915	310	12	Fine	Fine	NNP
29915	310	13	Granulated	Granulated	NNP
29915	310	14	Sugar	Sugar	NNP
29915	310	15	in	in	IN
29915	310	16	fulfillment	fulfillment	NN
29915	310	17	of	of	IN
29915	310	18	this	this	DT
29915	310	19	contract	contract	NN
29915	310	20	by	by	IN
29915	310	21	making	make	VBG
29915	310	22	an	an	DT
29915	310	23	allowance	allowance	NN
29915	310	24	to	to	IN
29915	310	25	the	the	DT
29915	310	26	Buyer	Buyer	NNP
29915	310	27	of	of	IN
29915	310	28	25¢	25¢	CD
29915	310	29	per	per	IN
29915	310	30	100	100	CD
29915	310	31	lbs	lbs	NN
29915	310	32	.	.	.
29915	310	33	,	,	,
29915	310	34	and	and	CC
29915	310	35	foreign	foreign	JJ
29915	310	36	beet	beet	NN
29915	310	37	standard	standard	JJ
29915	310	38	fine	fine	JJ
29915	310	39	granulated	granulate	VBD
29915	310	40	sugar	sugar	NN
29915	310	41	by	by	IN
29915	310	42	making	make	VBG
29915	310	43	an	an	DT
29915	310	44	allowance	allowance	NN
29915	310	45	of	of	IN
29915	310	46	45¢	45¢	CD
29915	310	47	per	per	IN
29915	310	48	100	100	CD
29915	310	49	lbs	lb	NNS
29915	310	50	.	.	.
29915	310	51	,	,	,
29915	310	52	provided	provide	VBD
29915	310	53	such	such	JJ
29915	310	54	sugars	sugar	NNS
29915	310	55	comply	comply	VBP
29915	310	56	with	with	IN
29915	310	57	the	the	DT
29915	310	58	Types	Types	NNPS
29915	310	59	adopted	adopt	VBN
29915	310	60	as	as	IN
29915	310	61	Standard	Standard	NNP
29915	310	62	by	by	IN
29915	310	63	the	the	DT
29915	310	64	New	New	NNP
29915	310	65	York	York	NNP
29915	310	66	Coffee	Coffee	NNP
29915	310	67	and	and	CC
29915	310	68	Sugar	Sugar	NNP
29915	310	69	Exchange	Exchange	NNP
29915	310	70	,	,	,
29915	310	71	Inc.	Inc.	NNP
29915	310	72	,	,	,
29915	310	73	and	and	CC
29915	310	74	all	all	DT
29915	310	75	duties	duty	NNS
29915	310	76	have	have	VBP
29915	310	77	been	be	VBN
29915	310	78	paid	pay	VBN
29915	310	79	thereon	thereon	NN
29915	310	80	.	.	.
29915	311	1	This	this	DT
29915	311	2	contract	contract	NN
29915	311	3	is	be	VBZ
29915	311	4	subject	subject	JJ
29915	311	5	to	to	IN
29915	311	6	an	an	DT
29915	311	7	adjustment	adjustment	NN
29915	311	8	for	for	IN
29915	311	9	duty	duty	NN
29915	311	10	,	,	,
29915	311	11	as	as	IN
29915	311	12	provided	provide	VBN
29915	311	13	in	in	IN
29915	311	14	the	the	DT
29915	311	15	Sugar	Sugar	NNP
29915	311	16	Trade	Trade	NNP
29915	311	17	Rules	Rules	NNPS
29915	311	18	.	.	.
29915	312	1	Either	either	DT
29915	312	2	party	party	NN
29915	312	3	to	to	TO
29915	312	4	have	have	VB
29915	312	5	the	the	DT
29915	312	6	right	right	NN
29915	312	7	to	to	TO
29915	312	8	call	call	VB
29915	312	9	for	for	IN
29915	312	10	margins	margin	NNS
29915	312	11	as	as	IN
29915	312	12	the	the	DT
29915	312	13	variations	variation	NNS
29915	312	14	of	of	IN
29915	312	15	the	the	DT
29915	312	16	market	market	NN
29915	312	17	for	for	IN
29915	312	18	like	like	JJ
29915	312	19	deliveries	delivery	NNS
29915	312	20	may	may	MD
29915	312	21	warrant	warrant	VB
29915	312	22	,	,	,
29915	312	23	which	which	WDT
29915	312	24	margins	margin	NNS
29915	312	25	shall	shall	MD
29915	312	26	be	be	VB
29915	312	27	kept	keep	VBN
29915	312	28	good	good	JJ
29915	312	29	.	.	.
29915	313	1	This	this	DT
29915	313	2	contract	contract	NN
29915	313	3	is	be	VBZ
29915	313	4	made	make	VBN
29915	313	5	in	in	IN
29915	313	6	view	view	NN
29915	313	7	of	of	IN
29915	313	8	and	and	CC
29915	313	9	in	in	IN
29915	313	10	full	full	JJ
29915	313	11	accordance	accordance	NN
29915	313	12	with	with	IN
29915	313	13	the	the	DT
29915	313	14	By	By	NNP
29915	313	15	-	-	HYPH
29915	313	16	Laws	Laws	NNPS
29915	313	17	,	,	,
29915	313	18	Rules	Rules	NNPS
29915	313	19	and	and	CC
29915	313	20	Conditions	condition	NNS
29915	313	21	established	establish	VBN
29915	313	22	by	by	IN
29915	313	23	the	the	DT
29915	313	24	New	New	NNP
29915	313	25	York	York	NNP
29915	313	26	Coffee	Coffee	NNP
29915	313	27	and	and	CC
29915	313	28	Sugar	Sugar	NNP
29915	313	29	Exchange	Exchange	NNP
29915	313	30	,	,	,
29915	313	31	Inc.	Inc.	NNP
29915	313	32	(	(	-LRB-
29915	313	33	Written	write	VBN
29915	313	34	across	across	IN
29915	313	35	the	the	DT
29915	313	36	face	face	NN
29915	313	37	is	be	VBZ
29915	313	38	the	the	DT
29915	313	39	following	follow	VBG
29915	313	40	)	)	-RRB-
29915	313	41	For	for	IN
29915	313	42	and	and	CC
29915	313	43	in	in	IN
29915	313	44	consideration	consideration	NN
29915	313	45	of	of	IN
29915	313	46	one	one	CD
29915	313	47	dollar	dollar	NN
29915	313	48	to	to	IN
29915	313	49	...	...	NFP
29915	313	50	in	in	IN
29915	313	51	hand	hand	NN
29915	313	52	paid	pay	VBN
29915	313	53	,	,	,
29915	313	54	receipt	receipt	NN
29915	313	55	whereof	whereof	NNP
29915	313	56	is	be	VBZ
29915	313	57	hereby	hereby	RB
29915	313	58	acknowledged	acknowledge	VBN
29915	313	59	...	...	NFP
29915	313	60	accept	accept	VB
29915	313	61	this	this	DT
29915	313	62	contract	contract	NN
29915	313	63	with	with	IN
29915	313	64	all	all	DT
29915	313	65	its	-PRON-	PRP$
29915	313	66	stipulations	stipulation	NNS
29915	313	67	and	and	CC
29915	313	68	conditions	condition	NNS
29915	313	69	.	.	.
29915	314	1	Brokers	broker	NNS
29915	314	2	'	'	POS
29915	314	3	Commissions	commission	NNS
29915	314	4	The	the	DT
29915	314	5	broker	broker	NN
29915	314	6	's	's	POS
29915	314	7	commission	commission	NN
29915	314	8	for	for	IN
29915	314	9	either	either	DT
29915	314	10	buying	buying	NN
29915	314	11	or	or	CC
29915	314	12	selling	sell	VBG
29915	314	13	each	each	DT
29915	314	14	contract	contract	NN
29915	314	15	of	of	IN
29915	314	16	800	800	CD
29915	314	17	bags	bag	NNS
29915	314	18	of	of	IN
29915	314	19	sugar	sugar	NN
29915	314	20	depends	depend	VBZ
29915	314	21	upon	upon	IN
29915	314	22	the	the	DT
29915	314	23	price	price	NN
29915	314	24	at	at	IN
29915	314	25	which	which	WDT
29915	314	26	the	the	DT
29915	314	27	transaction	transaction	NN
29915	314	28	is	be	VBZ
29915	314	29	executed	execute	VBN
29915	314	30	.	.	.
29915	315	1	The	the	DT
29915	315	2	following	follow	VBG
29915	315	3	table	table	NN
29915	315	4	gives	give	VBZ
29915	315	5	a	a	DT
29915	315	6	range	range	NN
29915	315	7	of	of	IN
29915	315	8	prices	price	NNS
29915	315	9	and	and	CC
29915	315	10	the	the	DT
29915	315	11	corresponding	corresponding	JJ
29915	315	12	commissions	commission	NNS
29915	315	13	:	:	:
29915	315	14	For	for	IN
29915	315	15	the	the	DT
29915	315	16	sale	sale	NN
29915	315	17	or	or	CC
29915	315	18	purchase	purchase	NN
29915	315	19	of	of	IN
29915	315	20	each	each	DT
29915	315	21	lot	lot	NN
29915	315	22	of	of	IN
29915	315	23	800	800	CD
29915	315	24	bags	bag	NNS
29915	315	25	:	:	:
29915	315	26	_	_	NNP
29915	315	27	Contract	Contract	NNP
29915	315	28	Price	Price	NNP
29915	315	29	_	_	NNP
29915	315	30	_	_	NNP
29915	315	31	Commission_[2	Commission_[2	NNP
29915	315	32	]	]	-RRB-
29915	315	33	Up	up	IN
29915	315	34	to	to	IN
29915	315	35	9.99¢	9.99¢	PRP
29915	315	36	,	,	,
29915	315	37	per	per	IN
29915	315	38	pound	pound	NN
29915	315	39	$	$	$
29915	315	40	15.00	15.00	CD
29915	315	41	10¢	10¢	CD
29915	315	42	to	to	IN
29915	315	43	12.99¢	12.99¢	CD
29915	315	44	,	,	,
29915	315	45	"	"	''
29915	315	46	"	"	``
29915	315	47	17.50	17.50	CD
29915	315	48	13¢	13¢	CD
29915	315	49	to	to	IN
29915	315	50	17.99¢	17.99¢	CD
29915	315	51	,	,	,
29915	315	52	"	"	''
29915	315	53	"	"	``
29915	315	54	20.00	20.00	CD
29915	315	55	18¢	18¢	CD
29915	315	56	and	and	CC
29915	315	57	above	above	RB
29915	315	58	,	,	,
29915	315	59	"	"	''
29915	315	60	"	"	``
29915	315	61	25.00	25.00	CD
29915	315	62	[	[	-LRB-
29915	315	63	2	2	CD
29915	315	64	]	]	-RRB-
29915	315	65	These	these	DT
29915	315	66	commissions	commission	NNS
29915	315	67	apply	apply	VBP
29915	315	68	to	to	IN
29915	315	69	transactions	transaction	NNS
29915	315	70	in	in	IN
29915	315	71	the	the	DT
29915	315	72	United	United	NNP
29915	315	73	States	States	NNP
29915	315	74	,	,	,
29915	315	75	Porto	Porto	NNP
29915	315	76	Rico	Rico	NNP
29915	315	77	and	and	CC
29915	315	78	Cuba	Cuba	NNP
29915	315	79	,	,	,
29915	315	80	from	from	IN
29915	315	81	non	non	JJ
29915	315	82	-	-	NNS
29915	315	83	members	member	NNS
29915	315	84	of	of	IN
29915	315	85	the	the	DT
29915	315	86	New	New	NNP
29915	315	87	York	York	NNP
29915	315	88	Coffee	Coffee	NNP
29915	315	89	and	and	CC
29915	315	90	Sugar	Sugar	NNP
29915	315	91	Exchange	Exchange	NNP
29915	315	92	,	,	,
29915	315	93	Inc.	Inc.	NNP
29915	316	1	Minimum	minimum	JJ
29915	316	2	Trading	trading	NN
29915	316	3	Basis	basis	NN
29915	316	4	A	A	NNP
29915	316	5	"	"	``
29915	316	6	lot	lot	NN
29915	316	7	"	"	''
29915	316	8	of	of	IN
29915	316	9	refined	refined	JJ
29915	316	10	sugar	sugar	NN
29915	316	11	consists	consist	VBZ
29915	316	12	of	of	IN
29915	316	13	800	800	CD
29915	316	14	bags	bag	NNS
29915	316	15	of	of	IN
29915	316	16	100	100	CD
29915	316	17	lbs	lb	NNS
29915	316	18	.	.	.
29915	317	1	each	each	DT
29915	317	2	,	,	,
29915	317	3	or	or	CC
29915	317	4	80,000	80,000	CD
29915	317	5	lbs	lb	NNS
29915	317	6	.	.	.
29915	318	1	This	this	DT
29915	318	2	is	be	VBZ
29915	318	3	the	the	DT
29915	318	4	minimum	minimum	JJ
29915	318	5	amount	amount	NN
29915	318	6	which	which	WDT
29915	318	7	can	can	MD
29915	318	8	be	be	VB
29915	318	9	sold	sell	VBN
29915	318	10	on	on	IN
29915	318	11	the	the	DT
29915	318	12	Exchange	Exchange	NNP
29915	318	13	.	.	.
29915	319	1	Delivery	delivery	NN
29915	319	2	The	the	DT
29915	319	3	date	date	NN
29915	319	4	upon	upon	IN
29915	319	5	which	which	WDT
29915	319	6	sugar	sugar	NN
29915	319	7	shall	shall	MD
29915	319	8	be	be	VB
29915	319	9	delivered	deliver	VBN
29915	319	10	on	on	IN
29915	319	11	an	an	DT
29915	319	12	Exchange	exchange	NN
29915	319	13	contract	contract	NN
29915	319	14	is	be	VBZ
29915	319	15	at	at	IN
29915	319	16	the	the	DT
29915	319	17	option	option	NN
29915	319	18	of	of	IN
29915	319	19	the	the	DT
29915	319	20	seller	seller	NN
29915	319	21	,	,	,
29915	319	22	provided	provide	VBN
29915	319	23	that	that	IN
29915	319	24	date	date	NN
29915	319	25	come	come	VB
29915	319	26	within	within	IN
29915	319	27	the	the	DT
29915	319	28	month	month	NN
29915	319	29	named	name	VBN
29915	319	30	in	in	IN
29915	319	31	the	the	DT
29915	319	32	contract	contract	NN
29915	319	33	.	.	.
29915	320	1	Notice	notice	NN
29915	320	2	of	of	IN
29915	320	3	the	the	DT
29915	320	4	date	date	NN
29915	320	5	of	of	IN
29915	320	6	delivery	delivery	NN
29915	320	7	must	must	MD
29915	320	8	be	be	VB
29915	320	9	given	give	VBN
29915	320	10	to	to	IN
29915	320	11	the	the	DT
29915	320	12	buyer	buyer	NN
29915	320	13	seven	seven	CD
29915	320	14	,	,	,
29915	320	15	eight	eight	CD
29915	320	16	or	or	CC
29915	320	17	nine	nine	CD
29915	320	18	days	day	NNS
29915	320	19	preceding	precede	VBG
29915	320	20	the	the	DT
29915	320	21	day	day	NN
29915	320	22	on	on	IN
29915	320	23	which	which	WDT
29915	320	24	delivery	delivery	NN
29915	320	25	will	will	MD
29915	320	26	be	be	VB
29915	320	27	made	make	VBN
29915	320	28	.	.	.
29915	321	1	If	if	IN
29915	321	2	you	-PRON-	PRP
29915	321	3	are	be	VBP
29915	321	4	not	not	RB
29915	321	5	going	go	VBG
29915	321	6	to	to	TO
29915	321	7	fill	fill	VB
29915	321	8	your	-PRON-	PRP$
29915	321	9	actual	actual	JJ
29915	321	10	sugar	sugar	NN
29915	321	11	needs	need	VBZ
29915	321	12	by	by	IN
29915	321	13	accepting	accept	VBG
29915	321	14	delivery	delivery	NN
29915	321	15	from	from	IN
29915	321	16	the	the	DT
29915	321	17	Exchange	Exchange	NNP
29915	321	18	warehouses	warehouse	NNS
29915	321	19	,	,	,
29915	321	20	you	-PRON-	PRP
29915	321	21	should	should	MD
29915	321	22	close	close	VB
29915	321	23	out	out	RP
29915	321	24	your	-PRON-	PRP$
29915	321	25	contracts	contract	NNS
29915	321	26	within	within	IN
29915	321	27	two	two	CD
29915	321	28	weeks	week	NNS
29915	321	29	,	,	,
29915	321	30	or	or	CC
29915	321	31	,	,	,
29915	321	32	at	at	IN
29915	321	33	the	the	DT
29915	321	34	latest	late	JJS
29915	321	35	,	,	,
29915	321	36	ten	ten	CD
29915	321	37	days	day	NNS
29915	321	38	of	of	IN
29915	321	39	the	the	DT
29915	321	40	first	first	JJ
29915	321	41	of	of	IN
29915	321	42	the	the	DT
29915	321	43	month	month	NN
29915	321	44	in	in	IN
29915	321	45	which	which	WDT
29915	321	46	delivery	delivery	NN
29915	321	47	is	be	VBZ
29915	321	48	specified	specify	VBN
29915	321	49	,	,	,
29915	321	50	as	as	IN
29915	321	51	after	after	IN
29915	321	52	notification	notification	NN
29915	321	53	of	of	IN
29915	321	54	delivery	delivery	NN
29915	321	55	has	have	VBZ
29915	321	56	been	be	VBN
29915	321	57	given	give	VBN
29915	321	58	,	,	,
29915	321	59	there	there	EX
29915	321	60	is	be	VBZ
29915	321	61	usually	usually	RB
29915	321	62	not	not	RB
29915	321	63	sufficient	sufficient	JJ
29915	321	64	time	time	NN
29915	321	65	to	to	TO
29915	321	66	make	make	VB
29915	321	67	other	other	JJ
29915	321	68	plans	plan	NNS
29915	321	69	.	.	.
29915	322	1	Orders	order	NNS
29915	322	2	Except	except	IN
29915	322	3	in	in	IN
29915	322	4	nearby	nearby	JJ
29915	322	5	localities	locality	NNS
29915	322	6	,	,	,
29915	322	7	orders	order	NNS
29915	322	8	should	should	MD
29915	322	9	be	be	VB
29915	322	10	sent	send	VBN
29915	322	11	by	by	IN
29915	322	12	wire	wire	NN
29915	322	13	,	,	,
29915	322	14	addressed	address	VBN
29915	322	15	to	to	IN
29915	322	16	:	:	:
29915	322	17	SUGAR	SUGAR	NNP
29915	322	18	FUTURES	FUTURES	NNP
29915	322	19	DEPARTMENT	DEPARTMENT	NNP
29915	322	20	,	,	,
29915	322	21	132	132	CD
29915	322	22	Front	Front	NNP
29915	322	23	Street	Street	NNP
29915	322	24	,	,	,
29915	322	25	New	New	NNP
29915	322	26	York	York	NNP
29915	322	27	,	,	,
29915	322	28	N.Y.	New York	NNP
29915	323	1	Inquiries	inquiry	NNS
29915	323	2	or	or	CC
29915	323	3	orders	order	NNS
29915	323	4	will	will	MD
29915	323	5	be	be	VB
29915	323	6	given	give	VBN
29915	323	7	prompt	prompt	JJ
29915	323	8	attention	attention	NN
29915	323	9	at	at	IN
29915	323	10	any	any	DT
29915	323	11	of	of	IN
29915	323	12	our	-PRON-	PRP$
29915	323	13	offices	office	NNS
29915	323	14	,	,	,
29915	323	15	but	but	CC
29915	323	16	time	time	NN
29915	323	17	will	will	MD
29915	323	18	be	be	VB
29915	323	19	saved	save	VBN
29915	323	20	and	and	CC
29915	323	21	execution	execution	NN
29915	323	22	facilitated	facilitate	VBN
29915	323	23	if	if	IN
29915	323	24	they	-PRON-	PRP
29915	323	25	are	be	VBP
29915	323	26	sent	send	VBN
29915	323	27	direct	direct	RB
29915	323	28	to	to	IN
29915	323	29	New	New	NNP
29915	323	30	York	York	NNP
29915	323	31	.	.	.
29915	324	1	Unless	unless	IN
29915	324	2	otherwise	otherwise	RB
29915	324	3	specified	specify	VBN
29915	324	4	,	,	,
29915	324	5	orders	order	NNS
29915	324	6	are	be	VBP
29915	324	7	good	good	JJ
29915	324	8	only	only	RB
29915	324	9	for	for	IN
29915	324	10	the	the	DT
29915	324	11	day	day	NN
29915	324	12	on	on	IN
29915	324	13	which	which	WDT
29915	324	14	they	-PRON-	PRP
29915	324	15	are	be	VBP
29915	324	16	received	receive	VBN
29915	324	17	.	.	.
29915	325	1	If	if	IN
29915	325	2	they	-PRON-	PRP
29915	325	3	can	can	MD
29915	325	4	not	not	RB
29915	325	5	be	be	VB
29915	325	6	executed	execute	VBN
29915	325	7	at	at	IN
29915	325	8	the	the	DT
29915	325	9	price	price	NN
29915	325	10	named	name	VBN
29915	325	11	before	before	IN
29915	325	12	the	the	DT
29915	325	13	closing	closing	NN
29915	325	14	of	of	IN
29915	325	15	the	the	DT
29915	325	16	Exchange	Exchange	NNP
29915	325	17	on	on	IN
29915	325	18	that	that	DT
29915	325	19	day	day	NN
29915	325	20	,	,	,
29915	325	21	or	or	CC
29915	325	22	if	if	IN
29915	325	23	they	-PRON-	PRP
29915	325	24	should	should	MD
29915	325	25	arrive	arrive	VB
29915	325	26	after	after	IN
29915	325	27	the	the	DT
29915	325	28	Exchange	Exchange	NNP
29915	325	29	closes	close	VBZ
29915	325	30	,	,	,
29915	325	31	it	-PRON-	PRP
29915	325	32	will	will	MD
29915	325	33	be	be	VB
29915	325	34	understood	understand	VBN
29915	325	35	that	that	IN
29915	325	36	they	-PRON-	PRP
29915	325	37	are	be	VBP
29915	325	38	automatically	automatically	RB
29915	325	39	cancelled	cancel	VBN
29915	325	40	unless	unless	IN
29915	325	41	specific	specific	JJ
29915	325	42	instructions	instruction	NNS
29915	325	43	are	be	VBP
29915	325	44	given	give	VBN
29915	325	45	for	for	IN
29915	325	46	the	the	DT
29915	325	47	execution	execution	NN
29915	325	48	the	the	DT
29915	325	49	following	follow	VBG
29915	325	50	day	day	NN
29915	325	51	or	or	CC
29915	325	52	unless	unless	IN
29915	325	53	formally	formally	RB
29915	325	54	renewed	renew	VBN
29915	325	55	by	by	IN
29915	325	56	wire	wire	NN
29915	325	57	.	.	.
29915	326	1	If	if	IN
29915	326	2	you	-PRON-	PRP
29915	326	3	desire	desire	VBP
29915	326	4	to	to	TO
29915	326	5	place	place	VB
29915	326	6	an	an	DT
29915	326	7	order	order	NN
29915	326	8	,	,	,
29915	326	9	good	good	JJ
29915	326	10	until	until	IN
29915	326	11	countermanded	countermand	VBN
29915	326	12	,	,	,
29915	326	13	you	-PRON-	PRP
29915	326	14	can	can	MD
29915	326	15	do	do	VB
29915	326	16	so	so	RB
29915	326	17	.	.	.
29915	327	1	The	the	DT
29915	327	2	general	general	JJ
29915	327	3	term	term	NN
29915	327	4	applied	apply	VBN
29915	327	5	to	to	IN
29915	327	6	such	such	JJ
29915	327	7	orders	order	NNS
29915	327	8	is	be	VBZ
29915	327	9	"	"	``
29915	327	10	order	order	NN
29915	327	11	good	good	JJ
29915	327	12	till	till	IN
29915	327	13	cancelled	cancel	VBN
29915	327	14	.	.	.
29915	327	15	"	"	''
29915	328	1	The	the	DT
29915	328	2	general	general	JJ
29915	328	3	abbreviation	abbreviation	NN
29915	328	4	in	in	IN
29915	328	5	the	the	DT
29915	328	6	trade	trade	NN
29915	328	7	is	be	VBZ
29915	328	8	G.T.C.	G.T.C.	NNP
29915	329	1	Exchange	Exchange	NNP
29915	329	2	Trading	trading	NN
29915	329	3	Hours	Hours	NNP
29915	329	4	Hours	hour	NNS
29915	329	5	for	for	IN
29915	329	6	trading	trade	VBG
29915	329	7	on	on	IN
29915	329	8	the	the	DT
29915	329	9	Exchange	Exchange	NNP
29915	329	10	are	be	VBP
29915	329	11	from	from	IN
29915	329	12	11:00	11:00	CD
29915	329	13	a.m.	a.m.	NN
29915	329	14	to	to	IN
29915	329	15	2:50	2:50	CD
29915	329	16	p.m.	p.m.	NN
29915	329	17	,	,	,
29915	329	18	except	except	IN
29915	329	19	on	on	IN
29915	329	20	Saturdays	Saturdays	NNP
29915	329	21	.	.	.
29915	330	1	Saturday	Saturday	NNP
29915	330	2	hours	hour	NNS
29915	330	3	are	be	VBP
29915	330	4	from	from	IN
29915	330	5	10:30	10:30	CD
29915	330	6	a.m.	a.m.	NN
29915	330	7	to	to	IN
29915	330	8	11:50	11:50	CD
29915	330	9	a.m.	a.m.	RB
29915	331	1	Delivery	delivery	NN
29915	331	2	and	and	CC
29915	331	3	Warehousing	Warehousing	NNP
29915	331	4	Charges	charge	NNS
29915	331	5	If	if	IN
29915	331	6	you	-PRON-	PRP
29915	331	7	make	make	VBP
29915	331	8	delivery	delivery	NN
29915	331	9	on	on	IN
29915	331	10	the	the	DT
29915	331	11	exchange	exchange	NN
29915	331	12	,	,	,
29915	331	13	the	the	DT
29915	331	14	following	follow	VBG
29915	331	15	are	be	VBP
29915	331	16	your	-PRON-	PRP$
29915	331	17	charges	charge	NNS
29915	331	18	:	:	:
29915	331	19	Storage	storage	NN
29915	331	20	3¢	3¢	CD
29915	331	21	per	per	IN
29915	331	22	100	100	CD
29915	331	23	lb	lb	NN
29915	331	24	.	.	.
29915	332	1	bag	bag	VB
29915	332	2	Handling	handle	VBG
29915	332	3	in	in	IN
29915	332	4	and	and	CC
29915	332	5	out	out	RB
29915	332	6	,	,	,
29915	332	7	charged	charge	VBN
29915	332	8	with	with	IN
29915	332	9	first	first	JJ
29915	332	10	month	month	NN
29915	332	11	's	's	POS
29915	332	12	storage	storage	NN
29915	332	13	5¢	5¢	CD
29915	332	14	per	per	IN
29915	332	15	100	100	CD
29915	332	16	lb	lb	NN
29915	332	17	.	.	.
29915	333	1	bag	bag	VB
29915	333	2	Negotiable	negotiable	JJ
29915	333	3	warehouse	warehouse	NN
29915	333	4	receipt	receipt	NN
29915	333	5	50¢	50¢	CD
29915	333	6	If	if	IN
29915	333	7	you	-PRON-	PRP
29915	333	8	accept	accept	VBP
29915	333	9	delivery	delivery	NN
29915	333	10	on	on	IN
29915	333	11	the	the	DT
29915	333	12	exchange	exchange	NN
29915	333	13	,	,	,
29915	333	14	your	-PRON-	PRP$
29915	333	15	charges	charge	NNS
29915	333	16	are	be	VBP
29915	333	17	:	:	:
29915	333	18	Carloading	carloade	VBG
29915	333	19	1	1	CD
29915	333	20	-	-	HYPH
29915	333	21	1/4¢	1/4¢	CD
29915	333	22	per	per	IN
29915	333	23	100	100	CD
29915	333	24	lb	lb	NN
29915	333	25	.	.	.
29915	334	1	bag	bag	VB
29915	334	2	Acceptance	Acceptance	NNP
29915	334	3	of	of	IN
29915	334	4	your	-PRON-	PRP$
29915	334	5	order	order	NN
29915	334	6	The	the	DT
29915	334	7	form	form	NN
29915	334	8	of	of	IN
29915	334	9	our	-PRON-	PRP$
29915	334	10	acceptance	acceptance	NN
29915	334	11	of	of	IN
29915	334	12	your	-PRON-	PRP$
29915	334	13	order	order	NN
29915	334	14	reads	read	VBZ
29915	334	15	as	as	IN
29915	334	16	follows	follow	VBZ
29915	334	17	:	:	:
29915	334	18	In	in	IN
29915	334	19	accordance	accordance	NN
29915	334	20	with	with	IN
29915	334	21	your	-PRON-	PRP$
29915	334	22	instructions	instruction	NNS
29915	334	23	we	-PRON-	PRP
29915	334	24	have	have	VBP
29915	334	25	this	this	DT
29915	334	26	day	day	NN
29915	334	27	made	make	VBD
29915	334	28	the	the	DT
29915	334	29	following	following	JJ
29915	334	30	transactions	transaction	NNS
29915	334	31	in	in	IN
29915	334	32	STANDARD	standard	JJ
29915	334	33	FINE	fine	JJ
29915	334	34	GRANULATED	granulate	VBD
29915	334	35	SUGAR	sugar	NN
29915	334	36	for	for	IN
29915	334	37	your	-PRON-	PRP$
29915	334	38	account	account	NN
29915	334	39	and	and	CC
29915	334	40	risk	risk	NN
29915	334	41	,	,	,
29915	334	42	subject	subject	JJ
29915	334	43	in	in	IN
29915	334	44	all	all	DT
29915	334	45	respects	respect	NNS
29915	334	46	,	,	,
29915	334	47	and	and	CC
29915	334	48	in	in	IN
29915	334	49	accordance	accordance	NN
29915	334	50	with	with	IN
29915	334	51	,	,	,
29915	334	52	the	the	DT
29915	334	53	Rules	Rules	NNPS
29915	334	54	,	,	,
29915	334	55	By	By	NNP
29915	334	56	-	-	HYPH
29915	334	57	Laws	Laws	NNPS
29915	334	58	,	,	,
29915	334	59	Regulations	Regulations	NNPS
29915	334	60	and	and	CC
29915	334	61	Customs	Customs	NNP
29915	334	62	of	of	IN
29915	334	63	THE	the	DT
29915	334	64	NEW	NEW	NNP
29915	334	65	YORK	YORK	NNP
29915	334	66	COFFEE	COFFEE	NNP
29915	334	67	AND	and	CC
29915	334	68	SUGAR	SUGAR	NNP
29915	334	69	EXCHANGE	EXCHANGE	NNP
29915	334	70	,	,	,
29915	334	71	Inc.	Inc.	NNP
29915	334	72	,	,	,
29915	334	73	and	and	CC
29915	334	74	the	the	DT
29915	334	75	Rules	Rules	NNPS
29915	334	76	,	,	,
29915	334	77	Regulations	Regulations	NNPS
29915	334	78	and	and	CC
29915	334	79	Requirements	Requirements	NNPS
29915	334	80	of	of	IN
29915	334	81	its	-PRON-	PRP$
29915	334	82	Board	Board	NNP
29915	334	83	of	of	IN
29915	334	84	Directors	Directors	NNPS
29915	334	85	,	,	,
29915	334	86	and	and	CC
29915	334	87	all	all	DT
29915	334	88	amendments	amendment	NNS
29915	334	89	that	that	WDT
29915	334	90	may	may	MD
29915	334	91	be	be	VB
29915	334	92	made	make	VBN
29915	334	93	thereto	thereto	NN
29915	334	94	.	.	.
29915	335	1	All	all	DT
29915	335	2	transactions	transaction	NNS
29915	335	3	made	make	VBN
29915	335	4	by	by	IN
29915	335	5	us	-PRON-	PRP
29915	335	6	for	for	IN
29915	335	7	your	-PRON-	PRP$
29915	335	8	account	account	NN
29915	335	9	contemplate	contemplate	VBP
29915	335	10	the	the	DT
29915	335	11	actual	actual	JJ
29915	335	12	receipt	receipt	NN
29915	335	13	and	and	CC
29915	335	14	delivery	delivery	NN
29915	335	15	of	of	IN
29915	335	16	the	the	DT
29915	335	17	SUGAR	sugar	NN
29915	335	18	and	and	CC
29915	335	19	payment	payment	NN
29915	335	20	therefor	therefor	IN
29915	335	21	.	.	.
29915	336	1	The	the	DT
29915	336	2	right	right	NN
29915	336	3	is	be	VBZ
29915	336	4	reserved	reserve	VBN
29915	336	5	to	to	TO
29915	336	6	close	close	VB
29915	336	7	transactions	transaction	NNS
29915	336	8	when	when	WRB
29915	336	9	margins	margin	NNS
29915	336	10	are	be	VBP
29915	336	11	exhausted	exhausted	JJ
29915	336	12	or	or	CC
29915	336	13	nearly	nearly	RB
29915	336	14	so	so	RB
29915	336	15	,	,	,
29915	336	16	without	without	IN
29915	336	17	notice	notice	NN
29915	336	18	.	.	.
29915	337	1	+	+	NFP
29915	337	2	=	=	SYM
29915	337	3	=	=	SYM
29915	337	4	=	=	SYM
29915	337	5	=	=	SYM
29915	337	6	=	=	SYM
29915	337	7	=	=	SYM
29915	337	8	=	=	SYM
29915	337	9	=	=	SYM
29915	337	10	=	=	SYM
29915	337	11	=	=	SYM
29915	337	12	=	=	SYM
29915	337	13	=	=	SYM
29915	337	14	=	=	SYM
29915	337	15	=	=	SYM
29915	337	16	=	=	SYM
29915	337	17	=	=	SYM
29915	337	18	=	=	SYM
29915	337	19	=	=	SYM
29915	337	20	=	=	SYM
29915	337	21	=	=	SYM
29915	337	22	=	=	SYM
29915	337	23	=	=	SYM
29915	337	24	=	=	SYM
29915	337	25	=	=	SYM
29915	337	26	=	=	SYM
29915	337	27	=	=	SYM
29915	337	28	=	=	SYM
29915	337	29	=	=	SYM
29915	337	30	=	=	SYM
29915	337	31	=	=	SYM
29915	337	32	=	=	SYM
29915	337	33	=	=	SYM
29915	337	34	=	=	SYM
29915	337	35	=	=	SYM
29915	337	36	=	=	SYM
29915	337	37	=	=	SYM
29915	337	38	=	=	SYM
29915	337	39	=	=	SYM
29915	337	40	=	=	SYM
29915	337	41	=	=	SYM
29915	337	42	=	=	SYM
29915	337	43	=	=	SYM
29915	337	44	=	=	SYM
29915	337	45	=	=	SYM
29915	337	46	=	=	SYM
29915	337	47	=	=	SYM
29915	337	48	=	=	SYM
29915	337	49	=	=	NFP
29915	337	50	=	=	SYM
29915	337	51	+	+	CC
29915	337	52	|Bags	|bags	NN
29915	337	53	of	of	IN
29915	337	54	Refined	Refined	NNP
29915	337	55	Sugar	Sugar	NNP
29915	337	56	|	|	NNP
29915	337	57	Month	Month	NNP
29915	337	58	of	of	IN
29915	337	59	Delivery|	Delivery|	NNP
29915	337	60	Price	price	NN
29915	337	61	|	|	NNP
29915	337	62	|----------------------+------------------+-------|	|----------------------+------------------+-------|	NNP
29915	337	63	|	|	NNP
29915	337	64	Bought	buy	VBD
29915	337	65	|	|	NNP
29915	337	66	Sold	sell	VBD
29915	337	67	|	|	NNP
29915	337	68	|	|	CD
29915	337	69	|	|	NNP
29915	337	70	|----------+-----------+	|----------+-----------+	CD
29915	337	71	|	|	CD
29915	337	72	|	|	CD
29915	337	73	|	|	CD
29915	337	74	|	|	CD
29915	337	75	|	|	CD
29915	337	76	|	|	CD
29915	337	77	|	|	CD
29915	337	78	|	|	CD
29915	337	79	|	|	CD
29915	337	80	|	|	CD
29915	337	81	|	|	CD
29915	337	82	|	|	CD
29915	337	83	|	|	CD
29915	337	84	|	|	CD
29915	337	85	|	|	CD
29915	337	86	|	|	CD
29915	337	87	|	|	CD
29915	337	88	|	|	CD
29915	337	89	|	|	CD
29915	337	90	|	|	CD
29915	337	91	|	|	CD
29915	337	92	|	|	CD
29915	337	93	|	|	CD
29915	337	94	|	|	CD
29915	337	95	|	|	CD
29915	337	96	|	|	CD
29915	337	97	|	|	CD
29915	337	98	|	|	CD
29915	337	99	|	|	CD
29915	337	100	|	|	CD
29915	337	101	|	|	CD
29915	337	102	|	|	CD
29915	337	103	|	|	CD
29915	337	104	|	|	CD
29915	337	105	|	|	CD
29915	337	106	|	|	CD
29915	337	107	|	|	CD
29915	337	108	|__________|___________|__________________|_______|	|__________|___________|__________________|_______|	NNP
29915	337	109	Raw	Raw	NNP
29915	337	110	Sugar	Sugar	NNP
29915	337	111	Futures	Futures	NNPS
29915	337	112	Prior	prior	RB
29915	337	113	to	to	IN
29915	337	114	the	the	DT
29915	337	115	inauguration	inauguration	NN
29915	337	116	of	of	IN
29915	337	117	trading	trading	NN
29915	337	118	in	in	IN
29915	337	119	Refined	Refined	NNP
29915	337	120	Futures	Futures	NNPS
29915	337	121	,	,	,
29915	337	122	Raw	Raw	NNP
29915	337	123	Sugar	Sugar	NNP
29915	337	124	Futures	Futures	NNPS
29915	337	125	were	be	VBD
29915	337	126	used	use	VBN
29915	337	127	by	by	IN
29915	337	128	many	many	JJ
29915	337	129	jobbers	jobber	NNS
29915	337	130	for	for	IN
29915	337	131	hedging	hedge	VBG
29915	337	132	and	and	CC
29915	337	133	protecting	protect	VBG
29915	337	134	their	-PRON-	PRP$
29915	337	135	Refined	refined	JJ
29915	337	136	requirements	requirement	NNS
29915	337	137	.	.	.
29915	338	1	The	the	DT
29915	338	2	theory	theory	NN
29915	338	3	of	of	IN
29915	338	4	operation	operation	NN
29915	338	5	is	be	VBZ
29915	338	6	that	that	IN
29915	338	7	the	the	DT
29915	338	8	raw	raw	JJ
29915	338	9	price	price	NN
29915	338	10	will	will	MD
29915	338	11	be	be	VB
29915	338	12	about	about	RB
29915	338	13	equivalent	equivalent	JJ
29915	338	14	to	to	IN
29915	338	15	the	the	DT
29915	338	16	refined	refined	JJ
29915	338	17	price	price	NN
29915	338	18	after	after	IN
29915	338	19	duty	duty	NN
29915	338	20	and	and	CC
29915	338	21	the	the	DT
29915	338	22	charge	charge	NN
29915	338	23	for	for	IN
29915	338	24	refining	refining	NN
29915	338	25	are	be	VBP
29915	338	26	added	add	VBN
29915	338	27	.	.	.
29915	339	1	While	while	IN
29915	339	2	the	the	DT
29915	339	3	Raw	Raw	NNP
29915	339	4	Sugar	Sugar	NNP
29915	339	5	market	market	NN
29915	339	6	will	will	MD
29915	339	7	at	at	IN
29915	339	8	times	time	NNS
29915	339	9	get	get	VB
29915	339	10	out	out	IN
29915	339	11	of	of	IN
29915	339	12	line	line	NN
29915	339	13	with	with	IN
29915	339	14	refined	refined	JJ
29915	339	15	,	,	,
29915	339	16	both	both	DT
29915	339	17	favorably	favorably	RB
29915	339	18	and	and	CC
29915	339	19	unfavorably	unfavorably	RB
29915	339	20	,	,	,
29915	339	21	this	this	DT
29915	339	22	can	can	MD
29915	339	23	not	not	RB
29915	339	24	continue	continue	VB
29915	339	25	for	for	IN
29915	339	26	any	any	DT
29915	339	27	long	long	JJ
29915	339	28	period	period	NN
29915	339	29	.	.	.
29915	340	1	When	when	WRB
29915	340	2	the	the	DT
29915	340	3	Raw	Raw	NNP
29915	340	4	Futures	Futures	NNPS
29915	340	5	market	market	NN
29915	340	6	is	be	VBZ
29915	340	7	favorably	favorably	RB
29915	340	8	out	out	IN
29915	340	9	of	of	IN
29915	340	10	line	line	NN
29915	340	11	,	,	,
29915	340	12	it	-PRON-	PRP
29915	340	13	may	may	MD
29915	340	14	be	be	VB
29915	340	15	more	more	JJR
29915	340	16	to	to	IN
29915	340	17	your	-PRON-	PRP$
29915	340	18	advantage	advantage	NN
29915	340	19	to	to	TO
29915	340	20	use	use	VB
29915	340	21	this	this	DT
29915	340	22	market	market	NN
29915	340	23	,	,	,
29915	340	24	rather	rather	RB
29915	340	25	than	than	IN
29915	340	26	the	the	DT
29915	340	27	Refined	Refined	NNP
29915	340	28	Futures	Futures	NNPS
29915	340	29	market	market	NN
29915	340	30	.	.	.
29915	341	1	At	at	IN
29915	341	2	the	the	DT
29915	341	3	present	present	JJ
29915	341	4	time	time	NN
29915	341	5	there	there	EX
29915	341	6	is	be	VBZ
29915	341	7	the	the	DT
29915	341	8	added	add	VBN
29915	341	9	advantage	advantage	NN
29915	341	10	that	that	IN
29915	341	11	the	the	DT
29915	341	12	volume	volume	NN
29915	341	13	of	of	IN
29915	341	14	trading	trading	NN
29915	341	15	is	be	VBZ
29915	341	16	greater	great	JJR
29915	341	17	in	in	IN
29915	341	18	Raw	Raw	NNP
29915	341	19	than	than	IN
29915	341	20	in	in	IN
29915	341	21	Refined	Refined	NNP
29915	341	22	.	.	.
29915	342	1	When	when	WRB
29915	342	2	buying	buy	VBG
29915	342	3	or	or	CC
29915	342	4	selling	sell	VBG
29915	342	5	Raw	Raw	NNP
29915	342	6	Sugar	Sugar	NNP
29915	342	7	Futures	Futures	NNPS
29915	342	8	,	,	,
29915	342	9	you	-PRON-	PRP
29915	342	10	may	may	MD
29915	342	11	figure	figure	VB
29915	342	12	that	that	IN
29915	342	13	the	the	DT
29915	342	14	variation	variation	NN
29915	342	15	on	on	IN
29915	342	16	a	a	DT
29915	342	17	minimum	minimum	JJ
29915	342	18	lot	lot	NN
29915	342	19	of	of	IN
29915	342	20	50	50	CD
29915	342	21	tons	ton	NNS
29915	342	22	would	would	MD
29915	342	23	be	be	VB
29915	342	24	equivalent	equivalent	JJ
29915	342	25	to	to	IN
29915	342	26	the	the	DT
29915	342	27	same	same	JJ
29915	342	28	variation	variation	NN
29915	342	29	of	of	IN
29915	342	30	1120	1120	CD
29915	342	31	bags	bag	NNS
29915	342	32	or	or	CC
29915	342	33	320	320	CD
29915	342	34	barrels	barrel	NNS
29915	342	35	.	.	.
29915	343	1	We	-PRON-	PRP
29915	343	2	give	give	VBP
29915	343	3	you	-PRON-	PRP
29915	343	4	below	below	IN
29915	343	5	herewith	herewith	JJ
29915	343	6	details	detail	NNS
29915	343	7	of	of	IN
29915	343	8	contract	contract	NN
29915	343	9	and	and	CC
29915	343	10	trading	trading	NN
29915	343	11	conditions	condition	NNS
29915	343	12	:	:	:
29915	343	13	All	all	DT
29915	343	14	contracts	contract	NNS
29915	343	15	for	for	IN
29915	343	16	future	future	JJ
29915	343	17	delivery	delivery	NN
29915	343	18	shall	shall	MD
29915	343	19	be	be	VB
29915	343	20	for	for	IN
29915	343	21	50	50	CD
29915	343	22	tons	ton	NNS
29915	343	23	of	of	IN
29915	343	24	2,240	2,240	CD
29915	343	25	pounds	pound	NNS
29915	343	26	each	each	DT
29915	343	27	and	and	CC
29915	343	28	multiples	multiple	NNS
29915	343	29	thereof	thereof	RB
29915	343	30	.	.	.
29915	344	1	CONTRACTS	CONTRACTS	NNP
29915	344	2	:	:	:
29915	344	3	Sold	sell	VBN
29915	344	4	for	for	IN
29915	344	5	...	...	:
29915	344	6	to	to	IN
29915	344	7	...	...	:
29915	344	8	,	,	,
29915	344	9	50	50	CD
29915	344	10	tons	ton	NNS
29915	344	11	of	of	IN
29915	344	12	2,240	2,240	CD
29915	344	13	pounds	pound	NNS
29915	344	14	each	each	DT
29915	344	15	of	of	IN
29915	344	16	sugar	sugar	NN
29915	344	17	in	in	IN
29915	344	18	bags	bag	NNS
29915	344	19	,	,	,
29915	344	20	deliverable	deliverable	JJ
29915	344	21	from	from	IN
29915	344	22	licensed	licensed	JJ
29915	344	23	warehouse	warehouse	NN
29915	344	24	in	in	IN
29915	344	25	the	the	DT
29915	344	26	port	port	NN
29915	344	27	of	of	IN
29915	344	28	New	New	NNP
29915	344	29	York	York	NNP
29915	344	30	,	,	,
29915	344	31	between	between	IN
29915	344	32	the	the	DT
29915	344	33	first	first	JJ
29915	344	34	and	and	CC
29915	344	35	last	last	JJ
29915	344	36	days	day	NNS
29915	344	37	of	of	IN
29915	344	38	...	...	:
29915	344	39	inclusive	inclusive	JJ
29915	344	40	.	.	.
29915	345	1	The	the	DT
29915	345	2	delivery	delivery	NN
29915	345	3	within	within	IN
29915	345	4	such	such	JJ
29915	345	5	time	time	NN
29915	345	6	to	to	TO
29915	345	7	be	be	VB
29915	345	8	at	at	IN
29915	345	9	seller	seller	NN
29915	345	10	's	's	POS
29915	345	11	option	option	NN
29915	345	12	,	,	,
29915	345	13	upon	upon	IN
29915	345	14	7	7	CD
29915	345	15	,	,	,
29915	345	16	8	8	CD
29915	345	17	or	or	CC
29915	345	18	9	9	CD
29915	345	19	days	day	NNS
29915	345	20	'	'	POS
29915	345	21	notice	notice	NN
29915	345	22	to	to	IN
29915	345	23	the	the	DT
29915	345	24	buyer	buyer	NN
29915	345	25	.	.	.
29915	346	1	The	the	DT
29915	346	2	sugar	sugar	NN
29915	346	3	to	to	TO
29915	346	4	be	be	VB
29915	346	5	of	of	IN
29915	346	6	any	any	DT
29915	346	7	grade	grade	NN
29915	346	8	or	or	CC
29915	346	9	grades	grade	NNS
29915	346	10	of	of	IN
29915	346	11	Raw	Raw	NNP
29915	346	12	sugars	sugar	NNS
29915	346	13	based	base	VBN
29915	346	14	on	on	IN
29915	346	15	Cuban	Cuban	NNP
29915	346	16	Centrifugal	Centrifugal	NNP
29915	346	17	of	of	IN
29915	346	18	96	96	CD
29915	346	19	degrees	degree	NNS
29915	346	20	average	average	JJ
29915	346	21	polarization	polarization	NN
29915	346	22	outturn	outturn	NN
29915	346	23	at	at	IN
29915	346	24	the	the	DT
29915	346	25	price	price	NN
29915	346	26	of	of	IN
29915	346	27	...	...	:
29915	346	28	cents	cent	NNS
29915	346	29	per	per	IN
29915	346	30	pound	pound	NN
29915	346	31	in	in	IN
29915	346	32	bond	bond	NN
29915	346	33	,	,	,
29915	346	34	net	net	JJ
29915	346	35	cash	cash	NN
29915	346	36	with	with	IN
29915	346	37	additions	addition	NNS
29915	346	38	or	or	CC
29915	346	39	deductions	deduction	NNS
29915	346	40	for	for	IN
29915	346	41	other	other	JJ
29915	346	42	grades	grade	NNS
29915	346	43	according	accord	VBG
29915	346	44	to	to	IN
29915	346	45	the	the	DT
29915	346	46	rates	rate	NNS
29915	346	47	of	of	IN
29915	346	48	the	the	DT
29915	346	49	New	New	NNP
29915	346	50	York	York	NNP
29915	346	51	Coffee	Coffee	NNP
29915	346	52	and	and	CC
29915	346	53	Sugar	Sugar	NNP
29915	346	54	Exchange	Exchange	NNP
29915	346	55	,	,	,
29915	346	56	Inc.	Inc.	NNP
29915	346	57	,	,	,
29915	346	58	existing	exist	VBG
29915	346	59	upon	upon	IN
29915	346	60	the	the	DT
29915	346	61	afternoon	afternoon	NN
29915	346	62	of	of	IN
29915	346	63	the	the	DT
29915	346	64	day	day	NN
29915	346	65	previous	previous	JJ
29915	346	66	to	to	IN
29915	346	67	the	the	DT
29915	346	68	date	date	NN
29915	346	69	of	of	IN
29915	346	70	notice	notice	NN
29915	346	71	of	of	IN
29915	346	72	delivery	delivery	NN
29915	346	73	,	,	,
29915	346	74	and	and	CC
29915	346	75	shall	shall	MD
29915	346	76	embrace	embrace	VB
29915	346	77	all	all	DT
29915	346	78	Centrifugals	centrifugal	NNS
29915	346	79	first	first	RB
29915	346	80	running	run	VBG
29915	346	81	.	.	.
29915	347	1	The	the	DT
29915	347	2	foreign	foreign	JJ
29915	347	3	sugars	sugar	NNS
29915	347	4	deliverable	deliverable	JJ
29915	347	5	other	other	JJ
29915	347	6	than	than	IN
29915	347	7	Cuban	Cuban	NNP
29915	347	8	Centrifugals	Centrifugals	NNPS
29915	347	9	,	,	,
29915	347	10	are	be	VBP
29915	347	11	:	:	:
29915	347	12	Centrifugals	centrifugal	NNS
29915	347	13	from	from	IN
29915	347	14	British	British	NNP
29915	347	15	West	West	NNP
29915	347	16	Indies	Indies	NNPS
29915	347	17	,	,	,
29915	347	18	Demerara	Demerara	NNP
29915	347	19	,	,	,
29915	347	20	Surinam	Surinam	NNP
29915	347	21	,	,	,
29915	347	22	San	San	NNP
29915	347	23	Domingo	Domingo	NNP
29915	347	24	,	,	,
29915	347	25	Brazil	Brazil	NNP
29915	347	26	,	,	,
29915	347	27	Peru	Peru	NNP
29915	347	28	,	,	,
29915	347	29	Java	Java	NNP
29915	347	30	,	,	,
29915	347	31	Mauritius	Mauritius	NNP
29915	347	32	,	,	,
29915	347	33	Venezuela	Venezuela	NNP
29915	347	34	and	and	CC
29915	347	35	Haiti	Haiti	NNP
29915	347	36	,	,	,
29915	347	37	all	all	DT
29915	347	38	basis	basis	NN
29915	347	39	of	of	IN
29915	347	40	96	96	CD
29915	347	41	degrees	degree	NNS
29915	347	42	average	average	JJ
29915	347	43	polarization	polarization	NN
29915	347	44	outturn	outturn	NN
29915	347	45	at	at	IN
29915	347	46	.2512	.2512	.
29915	347	47	cents	cent	NNS
29915	347	48	per	per	IN
29915	347	49	pound	pound	NN
29915	347	50	(	(	-LRB-
29915	347	51	difference	difference	NN
29915	347	52	in	in	IN
29915	347	53	duty	duty	NN
29915	347	54	)	)	-RRB-
29915	347	55	less	less	JJR
29915	347	56	;	;	:
29915	347	57	but	but	CC
29915	347	58	no	no	DT
29915	347	59	lot	lot	NN
29915	347	60	of	of	IN
29915	347	61	50	50	CD
29915	347	62	tons	ton	NNS
29915	347	63	is	be	VBZ
29915	347	64	to	to	TO
29915	347	65	consist	consist	VB
29915	347	66	of	of	IN
29915	347	67	sugar	sugar	NN
29915	347	68	from	from	IN
29915	347	69	more	more	JJR
29915	347	70	than	than	IN
29915	347	71	one	one	CD
29915	347	72	country	country	NN
29915	347	73	of	of	IN
29915	347	74	origin	origin	NN
29915	347	75	.	.	.
29915	348	1	Allowances	allowance	NNS
29915	348	2	on	on	IN
29915	348	3	Centrifugal	Centrifugal	NNP
29915	348	4	sugars	sugar	NNS
29915	348	5	to	to	TO
29915	348	6	be	be	VB
29915	348	7	.03125	.03125	.
29915	348	8	cents	cent	NNS
29915	348	9	per	per	IN
29915	348	10	pound	pound	NN
29915	348	11	per	per	IN
29915	348	12	degree	degree	NN
29915	348	13	above	above	IN
29915	348	14	96	96	CD
29915	348	15	degrees	degree	NNS
29915	348	16	,	,	,
29915	348	17	up	up	IN
29915	348	18	to	to	TO
29915	348	19	98	98	CD
29915	348	20	degrees	degree	NNS
29915	348	21	and	and	CC
29915	348	22	.0625	.0625	.
29915	348	23	cents	cent	NNS
29915	348	24	per	per	IN
29915	348	25	pound	pound	NN
29915	348	26	per	per	IN
29915	348	27	degree	degree	NN
29915	348	28	below	below	IN
29915	348	29	96	96	CD
29915	348	30	degrees	degree	NNS
29915	348	31	,	,	,
29915	348	32	down	down	RB
29915	348	33	to	to	IN
29915	348	34	94	94	CD
29915	348	35	degrees	degree	NNS
29915	348	36	and	and	CC
29915	348	37	.09375	.09375	.
29915	348	38	cents	cent	NNS
29915	348	39	per	per	IN
29915	348	40	pound	pound	NN
29915	348	41	per	per	IN
29915	348	42	degree	degree	NN
29915	348	43	below	below	IN
29915	348	44	94	94	CD
29915	348	45	degrees	degree	NNS
29915	348	46	,	,	,
29915	348	47	down	down	RB
29915	348	48	to	to	IN
29915	348	49	92	92	CD
29915	348	50	degrees	degree	NNS
29915	348	51	,	,	,
29915	348	52	with	with	IN
29915	348	53	fractional	fractional	JJ
29915	348	54	degrees	degree	NNS
29915	348	55	pro	pro	JJ
29915	348	56	rata	rata	NN
29915	348	57	.	.	.
29915	349	1	Exchange	Exchange	NNP
29915	349	2	Trading	trading	NN
29915	349	3	Hours	Hours	NNP
29915	349	4	Hours	hour	NNS
29915	349	5	for	for	IN
29915	349	6	trading	trading	NN
29915	349	7	in	in	IN
29915	349	8	Raw	Raw	NNP
29915	349	9	Sugar	Sugar	NNP
29915	349	10	Futures	Futures	NNPS
29915	349	11	are	be	VBP
29915	349	12	from	from	IN
29915	349	13	10:45	10:45	CD
29915	349	14	a.m.	a.m.	NN
29915	349	15	to	to	IN
29915	349	16	2:45	2:45	CD
29915	349	17	p.m.	p.m.	NN
29915	349	18	on	on	IN
29915	349	19	week	week	NN
29915	349	20	days	day	NNS
29915	349	21	and	and	CC
29915	349	22	from	from	IN
29915	349	23	10:15	10:15	CD
29915	349	24	a.m.	a.m.	NN
29915	349	25	to	to	IN
29915	349	26	11:45	11:45	CD
29915	349	27	a.m.	a.m.	NN
29915	349	28	on	on	IN
29915	349	29	Saturdays	Saturdays	NNP
29915	349	30	.	.	.
29915	350	1	Trading	trading	NN
29915	350	2	Differences	difference	NNS
29915	350	3	A	a	DT
29915	350	4	fluctuation	fluctuation	NN
29915	350	5	of	of	IN
29915	350	6	1¢	1¢	CD
29915	350	7	per	per	IN
29915	350	8	100	100	CD
29915	350	9	pounds	pound	NNS
29915	350	10	is	be	VBZ
29915	350	11	equivalent	equivalent	JJ
29915	350	12	to	to	IN
29915	350	13	$	$	$
29915	350	14	11.20	11.20	CD
29915	350	15	per	per	IN
29915	350	16	lot	lot	NN
29915	350	17	of	of	IN
29915	350	18	50	50	CD
29915	350	19	tons	ton	NNS
29915	350	20	.	.	.
29915	351	1	Margins	margin	NNS
29915	351	2	An	an	DT
29915	351	3	original	original	JJ
29915	351	4	margin	margin	NN
29915	351	5	in	in	IN
29915	351	6	New	New	NNP
29915	351	7	York	York	NNP
29915	351	8	funds	fund	NNS
29915	351	9	must	must	MD
29915	351	10	accompany	accompany	VB
29915	351	11	all	all	DT
29915	351	12	orders	order	NNS
29915	351	13	,	,	,
29915	351	14	we	-PRON-	PRP
29915	351	15	reserving	reserve	VBG
29915	351	16	the	the	DT
29915	351	17	right	right	NN
29915	351	18	to	to	TO
29915	351	19	call	call	VB
29915	351	20	for	for	IN
29915	351	21	variation	variation	NN
29915	351	22	margins	margin	NNS
29915	351	23	when	when	WRB
29915	351	24	contract	contract	NN
29915	351	25	shows	show	VBZ
29915	351	26	depreciation	depreciation	NN
29915	351	27	.	.	.
29915	352	1	We	-PRON-	PRP
29915	352	2	also	also	RB
29915	352	3	reserve	reserve	VBP
29915	352	4	the	the	DT
29915	352	5	right	right	NN
29915	352	6	to	to	TO
29915	352	7	close	close	VB
29915	352	8	transactions	transaction	NNS
29915	352	9	when	when	WRB
29915	352	10	margins	margin	NNS
29915	352	11	are	be	VBP
29915	352	12	exhausted	exhausted	JJ
29915	352	13	or	or	CC
29915	352	14	nearly	nearly	RB
29915	352	15	so	so	RB
29915	352	16	without	without	IN
29915	352	17	further	further	JJ
29915	352	18	notice	notice	NN
29915	352	19	.	.	.
29915	353	1	The	the	DT
29915	353	2	amount	amount	NN
29915	353	3	of	of	IN
29915	353	4	this	this	DT
29915	353	5	original	original	JJ
29915	353	6	margin	margin	NN
29915	353	7	will	will	MD
29915	353	8	of	of	IN
29915	353	9	necessity	necessity	NN
29915	353	10	fluctuate	fluctuate	VB
29915	353	11	with	with	IN
29915	353	12	conditions	condition	NNS
29915	353	13	existing	exist	VBG
29915	353	14	at	at	IN
29915	353	15	the	the	DT
29915	353	16	time	time	NN
29915	353	17	orders	order	NNS
29915	353	18	are	be	VBP
29915	353	19	placed	place	VBN
29915	353	20	.	.	.
29915	354	1	At	at	IN
29915	354	2	the	the	DT
29915	354	3	present	present	JJ
29915	354	4	time	time	NN
29915	354	5	in	in	IN
29915	354	6	localities	locality	NNS
29915	354	7	that	that	WDT
29915	354	8	are	be	VBP
29915	354	9	in	in	IN
29915	354	10	position	position	NN
29915	354	11	to	to	TO
29915	354	12	make	make	VB
29915	354	13	prompt	prompt	JJ
29915	354	14	remittance	remittance	NN
29915	354	15	for	for	IN
29915	354	16	any	any	DT
29915	354	17	variation	variation	NN
29915	354	18	margins	margin	NNS
29915	354	19	required	require	VBN
29915	354	20	,	,	,
29915	354	21	the	the	DT
29915	354	22	margin	margin	NN
29915	354	23	is	be	VBZ
29915	354	24	$	$	$
29915	354	25	400	400	CD
29915	354	26	.	.	.
29915	355	1	Commissions	commission	NNS
29915	355	2	For	for	IN
29915	355	3	either	either	CC
29915	355	4	buying	buying	NN
29915	355	5	or	or	CC
29915	355	6	selling	sell	VBG
29915	355	7	each	each	DT
29915	355	8	contract	contract	NN
29915	355	9	of	of	IN
29915	355	10	50	50	CD
29915	355	11	tons	ton	NNS
29915	355	12	Based	base	VBN
29915	355	13	upon	upon	IN
29915	355	14	a	a	DT
29915	355	15	price	price	NN
29915	355	16	Below	below	IN
29915	355	17	4	4	CD
29915	355	18	cents	cent	NNS
29915	355	19	$	$	$
29915	355	20	12.50	12.50	CD
29915	355	21	4	4	CD
29915	355	22	cents	cent	NNS
29915	355	23	to	to	IN
29915	355	24	9.99	9.99	CD
29915	355	25	15.00	15.00	CD
29915	355	26	10	10	CD
29915	355	27	cents	cent	NNS
29915	355	28	to	to	IN
29915	355	29	12.99	12.99	CD
29915	355	30	17.50	17.50	CD
29915	355	31	13	13	CD
29915	355	32	cents	cent	NNS
29915	355	33	to	to	IN
29915	355	34	17.99	17.99	CD
29915	355	35	20.00	20.00	CD
29915	355	36	18	18	CD
29915	355	37	cents	cent	NNS
29915	355	38	and	and	CC
29915	355	39	above	above	IN
29915	355	40	25.00	25.00	CD
29915	355	41	NOTE	note	NN
29915	355	42	:	:	:
29915	355	43	All	all	DT
29915	355	44	orders	order	NNS
29915	355	45	for	for	IN
29915	355	46	Raw	Raw	NNP
29915	355	47	Sugar	Sugar	NNP
29915	355	48	Futures	Futures	NNPS
29915	355	49	shall	shall	MD
29915	355	50	be	be	VB
29915	355	51	in	in	IN
29915	355	52	accordance	accordance	NN
29915	355	53	with	with	IN
29915	355	54	the	the	DT
29915	355	55	By	By	NNP
29915	355	56	-	-	HYPH
29915	355	57	Laws	Laws	NNPS
29915	355	58	and	and	CC
29915	355	59	Rules	Rules	NNPS
29915	355	60	of	of	IN
29915	355	61	the	the	DT
29915	355	62	New	New	NNP
29915	355	63	York	York	NNP
29915	355	64	Coffee	Coffee	NNP
29915	355	65	and	and	CC
29915	355	66	Sugar	Sugar	NNP
29915	355	67	Exchange	Exchange	NNP
29915	355	68	,	,	,
29915	355	69	Inc.	Inc.	NNP
29915	355	70	and	and	CC
29915	355	71	the	the	DT
29915	355	72	New	New	NNP
29915	355	73	York	York	NNP
29915	355	74	Coffee	Coffee	NNP
29915	355	75	and	and	CC
29915	355	76	Sugar	Sugar	NNP
29915	355	77	Clearing	Clearing	NNP
29915	355	78	Association	Association	NNP
29915	355	79	,	,	,
29915	355	80	Inc.	Inc.	NNP