Word: cocoa
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...share day is to Manhattan's Stock Exchange, so is a 600-lot day to Manhattan's Cocoa Exchange-drab, brick, Water St. trading centre that fixes the price of the world's cocoa. No small amount is 600 lots, however, as one lot equals 30,000 pounds and 600 lots have a value of close to two million dollars. Last week, Cocoa Exchange transactions reached a day's high of 627 lots, breaking a record of three years' standing. A seat on the Cocoa Exchange was sold for $6,000, a rapid advance over...
Fruits, vegetables. Trading in futures (raw silk, rubber, cocoa, not yet harvested) permits the producer and buyer to protect himself against unforeseen crop disasters. The Chicago Mercantile Exchange offers this hedging-by-speculation privilege in butter and eggs only. Last week its members considered new commodity admissions-other milk products, vegetables, fruits, canned foods. Cheesemakers, potato and apple growers, canners would, they argued, enjoy the financial protection against plant and animal scourges. Chicago commodity brokers would, obviously, enjoy increased commissions...
...principal export, nay the mainstay of Ecuador's economic existence, is cacao (the seeds of which provide cocoa and chocolate), but lately this crop has declined, causing great economic distress. To speak plainly, Ecuador is the most insignificant and poorest of the South American republics. She is supreme only in her production of the finest toquilla-the straw from which so-called Panama hats are woven...
These are the gaming tables of lower Manhattan. The gamblers are U. S. traders. The stakes are the world's rich supplies of cotton and rubber, of cocoa and spices and coffee. Near Hanover Square are clustered Manhattan's famed commodity exchanges...
...press stand, Writer H. L. Mencken took off his coat, revealing a cocoa-colored shirt and loud suspenders. Next to Writer Mencken, Publisher Alfred A. ("Borzoi") Knopf of the American Mercury climbed up on the desk and exposed several yards of film in his small cinema camera. Then, saving the film in case something else should happen, Publisher Knopf sat down again...