Word: janeiro
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Dates: during 1920-1929
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While Brazilian Consul-General Sebastaio Sampaio did his best to soothe with fine words New York's unruly coffee market, President Washington Luis Pereira de Souza of Brazil struggled in Rio de Janeiro with a coffee crisis twice as acute, infinitely more ominous...
Working like a beaver President Luis strove to avert catastrophe. Timorous coffee brokers announced that the coffee exchanges of Santos and Rio de Janeiro would suspend trading '"indefinitely." Came urgent messages from President Luis. The exchanges reopened. Frenzied coffee speculators begged the President to save the coffee situation by declaring a general moratorium. This he flatly refused to do, patiently explained how ruinous to Brazil's commercial credit such action would be. The result of the week's alarums and pronouncements seemed to leave President Luis, like Atlas, supporting Brazil's top-heavy coffee market...
...this day A. T. & T. fell 24 points; Columbia Carbon, 61; Consolidated Gas, 20; Electric Power & Light, 13; General Electric, 47; Eastman Kodak, 41; Otis Elevator, 60; New York Central, 22; Montgomery Ward, 15; U. S. Industrial Alcohol, 39; Standard Gas & Electric, 40, etc. etc. etc. ... In Rio de Janeiro the coffee market already frightened (TIME, Oct. 21), closed altogether. But in Chicago a bushel of wheat was worth 3 cents more...
Coffee has been Brazil's bonanza for over a century. There are more than 100 Brazilian planters with individual incomes exceeding $50,000. Most of them spend three lavish months a year in Paris, three decorous months at their massive Baroque mansions in Rio de Janeiro, and the remaining half year supervising their estates. Most of these rich men hail from Sāo Paulo, "The State With a Billion Coffee Trees," which produces over half the world's crop. Most of them believe firmly in the efficacy of a combination in restraint of trade to keep prices...
Hurrying last week to visit Commander Byrd was Sir George Hubert Wilkins, who will be 41 just six days after Commander Byrd. He stopped at Rio de Janeiro last week. As he left there for Buenos Aires and Graham Land south of Cape Horn, his supply and base ship William Scorseby sailed from Simonstown, South Africa. Waiting for him since last year at Deception Island is the airplane which he and Carl Ben Eielson flew over Graham Land (TIME, Dec. 31, 1928). Pilot Eielson now is in Alaska developing an aviation line for the Aviation Corp. With Sir Hubert...