Word: cocoa
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Dates: during 1950-1959
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Elizabeth Richmond is an unassuming, 22-year-old clerk-typist who trots dutifully to her museum job every morning and dutifully back to her brandy-swigging guardian, Aunt Morgen, every night. She has the looks and manners of a mouse, the brains of a flea and a fondness for cocoa ("Miserable puny stuff," snorts Aunt Morgen, "fit for kittens and unwashed boys"). Backaches and migraine headaches pin Elizabeth to her bed every so often, and Aunt Morgen is solicitous until she finds the girl sneaking out of the house in the small hours. Accused of a secret romance or worse...
Brazil's Bonanza. While France has been helped by a good crop year, Brazil has profited from crop failures. The coffee and cocoa price boom, plus tight restrictions on imports, has changed Brazil from a debtor nation nine months ago to one that has a trade surplus of almost $370 million. Cocoa prices went up 112% after the failure of the African crop. Though frost cut Brazil's coffee exports 15%, prices went up 50%. Net additional profit to Brazil: $165 million...
...U.S.A.F. lost eleven bombers, the Germans only one. Knoke chalked up his 13th combat kill, and his mechanics carried him shoulder-high from his cockpit. The bombing technique delighted his superiors. His colonel, he wrote, "bleats away happily ... I hope his monocle will not fall into his cup of cocoa in the excitement...
Lyttelton's Churchillian cigar brought Awolowo to his senses. At week's end it was still unsmoked, and the conference had approved: 1) financial arrangements for an all-Nigerian government; 2) a reorganization of its cocoa-marketing board, which has a financial half nelson on the world's chocolate prices. Proposed solution for Lagos: federal status, with its own special minister, independent of both Zik and Awolowo...
...fast jump in coffee, plus a similar rise in the price of cocoa, has been mainly responsible for the rise in the overall Dow-Jones commodity index, which last week was the highest in three years. The cocoa rise was caused not only by increased demand and bad weather but by the "Swollen Shoot" (a virus disease) cocoa-tree blight in Africa. As the price went from 30? to almost 60? a lb. in a year, the Government considered releasing some of its vast stocks of butter to users of cocoa butter for candy, but gave up the idea, since...