Word: cocoa
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...said Cadet Aguirre, saluting. Mess call sounded, and Cadet Aguirre marched with his platoon into the dining room. Other cadets gazed round-eyed over their beef stew and cocoa at a classmate whose father had actually died in the profession for which they were training...
Food & Drink. Cocoa laymen think of cocoa chiefly as a beverage, imagine that the cocoa business might be expressed largely in terms of cups consumed. To the cocoa trader, however, drinking-cocoa (which he calls cocoa powder) is only a fraction of the industry's products. To him cocoa and chocolate are identical, both proceeding from the same cocoa bean; the entire chocolate-bar business is also a portion of the cocoa industry. The value of the cakes of chocolate made in a year is about three times the value of the cups of cocoa. The bean was originally...
...Cocoa Exchange. The Manhattan Cocoa Exchange transactions are about twice as large as transactions on all other cocoa exchanges combined, with London and Liverpool exchanges ranking next in size. It was originally (1925) planned as a cocoa and rubber exchange, but the rubber men did not come in and now have their own exchange. Outstanding furnishings on the rather sparsely equipped Exchange floor include a large battery of telephones and a brass-rail circle occupied by camp-chairs on which the traders perch. Compared to the Wall Street Exchange, there is a noticeable absence of fury, frenzy; the building...
Blumenthals. Famed among cocoa makers are the Hershey Chocolate Co., the Walter Baker Co. (Postum subsidiary) and the Blumenthal Bros. There are five Blumenthals, Joseph, Meyer, Aaron, M. I., and Jacob; but Joseph, the president, is more potent than his brethren. Last week he bustled busily over the Exchange. He is a small, thin man (hardly five feet tall) with a brown suit which he has worn so consistently that it is indelibly associated with him. Of German descent, he is an Orthodox Jew, and rarely visits the Exchange on Saturdays except when there is a very threatening bear market...
Bull Market. The strong bull cocoa market was somewhat disturbed at a U.S. Department of Commerce estimate of a record-breaking African cocoa crop. Even after this bearish announcement, however, trading continued at twice its normal rate. Commodity markets in general have been exceedingly active. On the Coffee and Sugar Exchange, for instance, a seat last week sold for $31,000, a new peak price. It was thought that Federal Reserve attacks on Wall Street were diverting money to the commodities, though this theory did not well coincide with Wall Street's recently renewed activity...