MARKET METHODS AND PROBLEMS 501 



on and after July i, 1913, No. i Velvet Chaff Wheat, in such propor- 

 tions as may be convenient to the seller, subject, however, to the 

 provisions of Section 5 of Rule XXI, shall be deemed a valid 

 tender. 



For delivery on and after July i, 1914, all contracts for corn, 

 unless otherwise specified, shall be understood as for " contract " corn 

 and on such contracts a tender of the following described grades of 

 corn, in such proportions as may be convenient to the seller, but in 

 no case an amount less than 1,000 bushels of any one grade in one 

 elevator, shall be deemed a valid tender at the price differences men- 

 tioned in the following schedule, subject, however, to the provisions 

 of Section 5 of Rule XXI: 



No. i White Corn 



No. 2 White Corn at i cent per bushel oyer contract price> 



No. i Yellow Corn 



No. 2 Yellow Corn . 



N' ' (Mixed) Corn j at contract price . 



No. 2 (Mixed) Corn J 



No. 3 White Corn j ^ a cents bushel under contract ^ 



No. 3 Yellow Corn J 



No. 3 (Mixed) Corn at 2\ cents per bushel under contract price. 



No. 4 White Corn 1 



No. 4 Yellow Corn / at 4| cents per bushel der COntract pnce ' 



No. 4 (Mixed) Corn at 5 cents per bushel under contract price. 



Provided that No. 4 Corn of the new crop can be delivered 

 only during the months of November, December, January, and 

 February. 



The above grades of corn to conform to the standards established 

 by the U. S. Government effective July i, 1914. 



All contracts for oats, unless otherwise specified, shall be under- 

 stood as for " Contract" oats, and on such contracts a tender of No. i 

 White Oats, No. 2 White Oats, No. 3 White Oats, or Standard Oats, 

 in such proportions as may be convenient to the seller; subject, how- 

 ever, to the provisions of Section 5 of Rule XXI of the Rules of the 

 Board of Trade of the City of Chicago, shall be deemed a valid tender 

 of "Contract" oats; provided, however, that No. 3 White Oats can 

 be delivered as "Contract" oats only at a deduction of five cents per 

 bushel from the contract price. 



