Word: coffeeman
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...Coffeeman Whitney closed up his shop, moved seven floors up in the same building to form Whitney Investment Co., and expects to gross $50,000 this year as a broker in penny stocks. Stockseller Coombs also started his own brokerage firm. Others got into the act, formed their own companies and began peddling stock. The boom will come of age when & if Prospector Steen and ex-Automan Joseph Frazer, who have formed Standard Uranium, get their stocks listed on the American Stock Exchange, as scheduled...
Furthermore, the committee hinted that the Brazilians had the cooperation of a few big U.S. commodity dealers, notably George V. Robbins, then president of the National Coffee Association and green-coffee buyer for the Maxwell House Division of General Foods Corp. To make sure that Coffeeman Robbins' cooperation would be good to the last drop, the committee implied, Brazilians secretly sold him several hundred thousand bags of coffee at the bargain prices of 18? and 19? a pound. (General Foods denied that any action of theirs had anything to do with the price rise...
Three years ago Adman Raymond Ritchie Morgan approached James Folger of San Francisco, with the rummage sale notion-"the hottest idea I've hit in years"-to sell Mr. Folger's coffee. Coffeeman Folger was impressed when one of the first items disposed of on the program was Mr. Folger's speed boat ($800). The following year, when the air time was expanded to 15 minutes over CBS station KNX, the telephone response put the Hollywood, Hempstead and Hillside exchanges out of order, burned out the generator which operated the busy signal on one, caused the telephone...
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