Business & Finance: Beans & Blumenthal

As a 6,000,000 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 the $300 at which charter memberships were priced in 1925. Thus...

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