Word: cocoa
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...September 1914 the appendix of Prince Albert was removed, in 1917 he was operated upon for acute duodenal ulcer. Despite these gastric difficulties, the Battle of Jutland found him in the "A" turret of H.M.S. Collingwood as that ship went into action. During the bombardment he coolly made hot cocoa for his fellow officers...
Early last month the price of cocoa, having risen from 5? per Ib. last May, reached a nine-year high at between 12? and 13? per Ib. Basic and well-established reason for cocoa's hot market was the great increase in world consumption coupled with a shortage of production in West Africa. The precise extent of the shortage remained a matter of conjecture (TIME, Jan. 18). Traders to whom cocoa's market seemed too warm for comfort pondered the following circumstances: 1) tipsters and outside speculators were playing a larger part than usual in cocoa trading...
...third week of January, when cocoa reached 13? per Ib. for the first time since 1928, nervous brokers advised their clients that the time for profit-taking had come. "With the chance that titanic forces are cannily at play in the bull-ring," said I. Witkin & Co.'s colorful market letter, "we prefer for the time being to be on the sidelines or in the grandstand. Possibly to help a huge and financially powerful long-interest, if our conjectures be correct, to unload upon a heterogeneous and unorganized investing public and manufacturers at large is to court an attack...
Last week the trade buzzed with talk that a big manufacturer of chocolate coatings had skimmed the froth from the boiling cocoa pot. But the usual candidates for the role of "titanic forces" are "British interests"-an old bogey of the U. S. cocoa market. Because they are better informed than anyone else on the important West African crop, British traders have been known to take U. S. speculators for a fast ride. Last week cocoa men were passing around a story that United Africa Co. Ltd., greatest single trader and shipper on the British Gold Coast, was depressing...
...last week cocoa was being as widely tipped as ever. Said the current Witkin Bulletin briskly: "We have risked boring you. . . . The bears won a major battle, but are deep in enemy territory. Bull territory! Can they retreat with their skins intact? We think...