Much in the news last week was the last important U. S. commodity market to emerge from Depression doldrums. The New York Cocoa Exchange announced record turnover of 77,558 contracts of 30,000 lb. each during 1936, almost double the figure for 1935. Imports of cocoa beans into the U. S., which drinks or eat as chocolate about 40% of the world supply, were 4,312,518 bags last year compared to 3,883,593 bags in 1935. And after a sharp advance during the last six month; the price of cocoa last week hovered around 12ยข per lb....
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