An original margin in New York funds must accompany all orders, we
reserving the right to call for variation margins when contract shows
depreciation. We also reserve the right to close transactions when
margins are exhausted or nearly so without further notice. The amount
of this original margin will of necessity fluctuate with conditions
existing at the time orders are placed. At the present time in
localities that are in position to make prompt remittance for any
variation margins required, the margin is $400.