About sugar buying for jobbers : $b how you can lessen business risks by trading in refined sugar futuresDyer, B. W. (Benjamin Wheeler)
General
About sugar buying for jobbers : $b how you can lessen business risks by trading in refined sugar futures
Dyer, B. W. (Benjamin Wheeler)
Sugar
The choice of that broker should be a matter of great care, for in
addition to the willingness to serve, he must have the facilities and
the financial stability. For, bear in mind that the broker with whom
you deal is the responsible party for the fulfillment of the contract.
Your contract is as good only as the reliability of your broker.
Lamborn & Company has become known throughout this country and abroad
as an institution for the service of all those who have a business
interest in sugar.
Lamborn Sugar Service is rendered through our head office at 132 Front
Street, New York, and through branch offices in Philadelphia, Chicago,
Savannah, New Orleans, Kansas City, Mo. and San Francisco.
Lamborn Service in all its phases is available to you as a jobber.
We shall be very glad to explain either in person or by letter what a
brokerage relationship with us involves, how it may be accomplished and
how transactions may be carried out.
LAMBORN & COMPANY
_Sugar Headquarters_
132 Front Street: New York
7 Wall Street: New York (Securities)
Havana and Cienfuegos, Cuba Paris, France
THE LAMBORN COMPANY LAMBORN & CIE
_Branches in the United States_
Philadelphia Savannah New Orleans Chicago
Kansas City San Francisco
_Members of_:
New York Coffee & Sugar Exchange, Inc.
New York Stock Exchange
New York Cotton Exchange
New York Produce Exchange
Chicago Board of Trade
London Produce Clearing House, Ltd.
Cable Address: Lamborn
Contract between Members of the New York
Coffee and Sugar Exchange, Inc.
The Standard Fine Granulated Sugar contract is as follows:
Sold for ... to ... 800 bags (of 100 lbs. net each) of Standard Fine
Granulated Sugar at ... cents per pound, manufactured in the United
States or insular possessions, packed in cotton-lined burlap bags,
deliverable from licensed warehouse in Chicago between the first and
last days of ... inclusive. Delivery within such time to be at Seller's
option, upon seven, eight or nine days' notice to the buyer. If
Domestic Beet Standard Fine Granulated Sugar be delivered in
fulfillment of this contract, Seller to make an allowance of 20¢ per
100 lbs.
The Seller shall have the right to deliver Foreign Cane Standard Fine
Granulated Sugar in fulfillment of this contract by making an allowance
to the Buyer of 25¢ per 100 lbs., and foreign beet standard fine
granulated sugar by making an allowance of 45¢ per 100 lbs., provided
such sugars comply with the Types adopted as Standard by the New York
Coffee and Sugar Exchange, Inc., and all duties have been paid thereon.
This contract is subject to an adjustment for duty, as provided in the
Sugar Trade Rules.
Either party to have the right to call for margins as the variations of
the market for like deliveries may warrant, which margins shall be kept
good. This contract is made in view of and in full accordance with the
By-Laws, Rules and Conditions established by the New York Coffee and
Sugar Exchange, Inc.
Public-domain text, read in full here on John Shaqi.
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