DAVIS, Circuit Judge.
The Gorgas-Pierie Company of Philadelphia, hereafter called the Gorgas Company, entered into a contract on August 7, 1920, with the Nanyo Boyeki Kaisha, Limited, of Tokio, Japan, hereafter called the Nanyo Company, for the purchase of 300 tons of copra at 7 7/8 cents per pound, to be shipped "from the Orient by steamer during September or October, 1920." The contract provided that the Gorgas Company should furnish a confirmed irrevocable banker...
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