COMMODITIES: Storm in a Cocoa Cup

Cried the New York Daily News: "It is comparable to the piratical prices the British-Dutch rubber cartels used to charge for their products. This stickup game is going on . . . at a time when we are . . . straining plenty of nerves, including financial ones, to keep Great Britain from going bankrupt." What had caused the News to sound its A was the price of cocoa. Some U.S. chocolate manufacturers and traders on New York's cocoa exchanges were just as mad.

The price rise in cocoa in recent weeks had outstripped every other commodity. Decontrolled by OPA at...

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