Yesterday,October 20, 2008Alpha Clothing,Inc.negotiated a contract to buy 100,000 pounds of cottonon December 15, 2008. It has been agreed that the price that will apply in the contract is the spot market price on December 15.Cottonspot price yesterday was68.86 cents per poundand thecottonfutures price on theNew York CottonExchange (NYCE) for December delivery was69.90 cents per pound. Each futures contract on NYCEis for delivery of 50,000pounds.