00:00 A tuneful 8-measure melody (A) is introduced; the left hand plays a ragtime pattern.
00:08 An 8-measure phrase complements the first.
00:17 A repeat of the first 16 measures.
00:33 A new melody and new chords are presented in two 8-measure phrases.
00:48 Last section, again 16 measures.
01:04 Interlude: A new rhythmic feeling is introduced and seems to freeze momentarily. The original rhythm and mood are soon reestablished.
01:32 The first complex interplay occurs between right and left hands.
01:36 A phrase descends from the high treble in the right hand; the chords are from the (B) section.
01:44 The phrase descends again from the high treble; notice the interplay between left and right hands. 
01:59 A sharp dissonance appears in the melody and is immediately followed by a similar dissonance. 
02:05 Another complex interplay occurs. 
02:15 Another interplay. 
02:29 The right hand plays a shout (repeated chord). 
02:51 A complicated rhythmic interplay blurs the ending of the  phrase. 
03:01 A final rhythmic interplay sets up the concluding phrase. 
03:07 End.