COMMODITIES: Coffee Pot Tempest

In Washington last week a customer bustled up to a counter in Magruder, Inc. and tried to buy 96 Ibs. of coffee. She was told she could buy only one 24-lb. case of Ib. tins. In many another U.S. city, hoarding housewives, having heard rumors of $1 a Ib. coffee, were hastily grabbing all they could get. Under such scare buying, coffee prices shot up as much as 25¢ a Ib. Last week the National Coffee Association estimated that hoarding consumers have already bought at least 132 million pounds more than they need.

Actually, there was not much cause for...

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