Word: coffeemen
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Last week Dr. Vidal announced that he had destroyed 437,000 bags in the first half of September, that DNC's holdings were down to 1,700,000 bags. And Tea & Coffee quoted the handsome, black-haired young lawyer as declaring before a group of junketing U. S. coffeemen: "When within two months the flames of coffee burning in Brazil are extinct . . . you will all be in a position to state in your country that the DNC has completely achieved its program for the elimination of all excess coffee stocks...
Already the doubtful nature of this hoarded asset has caused a decline in the Brazilian currency-the milreis. Sooner or later the Government must unload. Recent crops have been bumper. Most observers believe that the Government cannot hold out, faces an eventual catastrophic coffee crash. Shrewdest coffeemen do not know when the crash will come, but last week's howling and hopping seemed of ominous significance...