306 BUTTER-MAKING. 



"80. All complaints against the Butter Weigher, or Assist- 

 ants, shall be made to the Butter Committee. 



"81. All former rules conflicting with the foregoing, are 

 hereby repealed. 



"Attention is Directed to the Folloioing Executive Committee Rules, 

 and Section 33, Paragraph 6, of the By-Laws. 



"Rule 2. — On all sales, or purchases of any merchandise 

 to arrive, or for future delivery, each party to the contract 

 shall deposit an original margin with the Superintendent of 

 the Exchange of 10% on the contract price at the time of 

 purchase, or sale, and a further margin from time to time 

 to the extent of any variation in the market value from the 

 contract price; said margin to be deposited in such bank or 

 trust company as may have been designated by the Finance 

 Committee of the New York Mercantile Exchange. When 

 margins are called before 12 si., they must be deposited before 

 3 P.M. of the same day. If called after 12 m., they musi be 

 deposited before 12 m. of the following day; in case of failure 

 to deposit as above, the buyer or seller shall have the right 

 to cover his contract at discretion, for account of the party 

 failing to respond to the call for margin. 



"Rule 7. — All merchantlise purchased by sample shall be 

 considered sold unless the purchaser notify the seller within 

 twenty-four hours after receipt of the same, that it is rejected 

 as not being up to sample. If a settlement cannot be agreed 

 on, the case shall be referred to the Trade Committee having 

 charge of the class of goods in question, who shall decide the 

 matter, and in the event of a decision against either buyer 

 or seller, the same penalties shall accrue as the Rules under 

 the Call provide for the kind of goods dealt in. The party 

 against whom the decision is given shall pay to each com- 

 mitteeman serving |2 for each case. 



