Commissions

for round trades (both buying and selling, or the reverse, selling and buying) in commodities are: Grain, 1-4 of 1 cent per bushel or $12.50 on 5,000 bushels; lard, 5 cents per tierce or $12.50 on 250 tierces (85,000 pounds); pork, 5 cents per barrel or $12.50 on 250 barrels; short ribs, 2 I-2 cents per 1,000 pounds or $12.50 on 50,000 pounds; > cotton, Io cents per bale or $10 on 100 bales (50,000 pounds);. coffee, 8 cents per bag or $20 on 250 bags (32,500 pounds); silver bullion, 1-4 of 1 cent per ounce or $2.50 on 1,000 ounces. The word commi ion also means an order or an act entrusted to a broker (or agent) to execute or perform, but the word invariably used is order. On the London Stock Exchange no fixed commi ion is charged, but 1-8 per cent each way (1-8 for buying and the same for selling) is the customary charge on stock (as distinguished from shares; see Stock) when no commi ion is charged for carrying over. On shares the commi ion varies according to the price. Active speculative accounts when opened and closed during a fortnightly period are sometimes undertaken for 1-16 each way. The charge for carrying over bargains is usually one-half the amount charged for opening them; when a carry-over commi ion is charged the bargain is generally closed without charge. On the Paris Bourse the commi ion is fixed at about 1-8 per cent each way.