OCR Text |
Show Burning 49,678,000 Bags Of Coffee Because cf a huge surplus supply of coffee the government of Brazil since June, 1931, has destroyed 19 678,000 bags of cofTee and the destruction of coffee by burning n w exceeds all previous schedules, sched-ules, with 100.000 bags being put Into' the fire eve y day. The South American country, which formerly sold 70 per cent cf the world's coffee, now supplies about 50 per cent. It discovered that the world w'.uld pay more money for coffee if the big surplus was disposed cf and that the destruction, de-struction, appa ently foolish, was -conomically profitable tj the growers. The same fact has been apparent in the control-programs instituted in this country over the production of certain crps. Purely the' e is something out of joint in 'the world's economy when Brazil finds it means more money to destroy 11.000.000 bags of coffee in the crop year which ends June 30 1938 Surely, there is somethn g wrong somewhere when the world pays American cotton growers less for 15 500.000 bales of cottrn than for a few million bales less or more for a short wheat crop than a large one. |