Part 9 (2/2)

[Ill.u.s.tration: SURF BOATS BY THE SIDE OF THE OCEAN LINER, ACCRA.]

_Difficulties of Buying._

Every country produces a different kind of cacao, and the cacao from any two plantations in the same country often shows wide variation. It may be said that there are as many kinds of cacao as there are of apples, cacao showing as marked differences as exhibited by crabs and Blenheims, not to mention James Grieves, Russets, Worcester Pearmains, Newton Wonders, Lord Derbys, Belle de Boskoops, and so forth. Further, whilst the bulk of the cacao is good and sound, a little of the cacao grown in any district is liable to have suffered from drought or from attacks by moulds or insect pests. It will be realised from these fragmentary remarks that the buyer must exercise perpetual vigilance.

[Ill.u.s.tration: BAGGING CACAO BEANS FOR s.h.i.+PMENT, TRINIDAD.]

[Ill.u.s.tration: TRANSFERRING BAGS OF CACAO BEANS TO LIGHTERS, TRINIDAD.]

_Cacao Sales._

Before the Cocoa Prices Orders were published (March, 1918) the manner of conducting the sale of cacao in London was as follows. Brokers' lists giving the kinds of cacao for sale, and the number of bags of each, were sent, together with samples, to the buyers some days beforehand, so that they were able to decide what they wished to purchase and the price they were willing to pay. The sales always took place at 11 o'clock on Tuesdays in the Commercial Sale Room in Mincing Lane, that narrow street off Fenchurch Street, where the air is so highly charged with expert knowledge of the world's produce, that it would illuminate the prosaic surroundings with brilliant flashes if it could become visible. On the morning of the sale samples of the cacaos are on exhibit at the princ.i.p.al brokers. The man in the street brought into the broker's office would ask what these strange beans might be. ”A new kind of almond?” he might ask. And then, on being told they were cacao, he would see nothing to choose between all the various lots and wonder why so much fuss was made over discriminating amongst the similar and distinguis.h.i.+ng the identical. He might even marvel a little at the expert knowledge of the buyers; yet, frankly, the pertinent facts concerning quality, known by the buyer, are fewer and no more difficult to learn than the thousand and one facts a lad must have at his finger ends to pa.s.s the London Matriculation; they are valued because they are inaccessible to the mult.i.tude; only a few people have the opportunity of learning them, and their use may make or mar fortunes. The judgment of quality is, however, only one side of the art of buying. We have to add to these a knowledge of the conditions prevailing in the various markets of the world, a knowledge of stocks and probable supplies, and given this knowledge, an ability to estimate their effect, together with other conditions, agricultural, political and social, on the price of the commodity. The room in which the sales are conducted is not a large one, and usually not more than a hundred people, buyers, pressmen, etc., are present. Not a single cacao bean is visible, and it might be an auction sale of property for all the uninitiated could tell. The cacao is put up in lots. Usually the sales proceed quietly, and it is difficult to realize that many thousands of bags of cacao are changing hands. The buyers have perfect trust in the broker's descriptions; they know the invariable fair-play of the British broker, which is a by-word the world over. The machinery of the proceedings is lubricated by an easy flow of humour. Sometimes a few bags of sea-damaged cacao or of cacao sweepings are put up, and a good deal of keenness is shown by the individuals who buy this stuff. It is curious that a whole crowd of busy people will allow their time to be taken up whilst there is a spirited fight between two or three buyers for a single bag.

Whilst the London Auction Sales are of importance as fixing the prices for the various markets, and reflecting to a certain extent the position of supply and demand, only a fraction of the world's cacao changes hands at the Auction Sales, the greater part of it being bought privately for forward delivery.

_Prices and Quotations._

[Ill.u.s.tration: DIAGRAM SHOWING VARIATION IN PRICE OF CACAO BEANS FROM 1913 TO 1919.]

The price of cacao is liable to fluctuations like every other product, thus in 1907 Trinidad cacao rose to one s.h.i.+lling a pound, whilst there have been periods when it has only fetched sixpence per pound. On April 2nd, 1918, the Food Controller fixed the prices of the finest qualities of the different varieties of raw cacao as follows:

British West Africa (Accra) 65s. per cwt.

Bahia } Cameroons } San Thome } 85s. ” ”

Congo } Grenada }

Trinidad } Demerara } 90s. ” ”

Guayaquil } Surinam }

Ceylon } Java } 100s. ” ”

Samoa }

The diagram on p. 113 shows the average market price in the United Kingdom of some of the more important cacaos before, during, and after the war. The most striking change is the sudden rise when the Government control was removed. All cacaos showed a substantial advance varying from 80 to 150 per cent. on pre-war values. Further large advances have taken place in the early months of 1920.

_The Call of the Tropics._

Many a young man, reading in some delightful book of travel, has longed to go to the tropics and see the wonders for himself. There can be no doubt that a sojourn in equatorial regions is one of the most educative of experiences. In support of this I cannot do better than quote Grant Allen, who regarded the tropics as the best of all universities. ”But above all in educational importance I rank the advantage of seeing human nature in its primitive surroundings, far from the squalid and chilly influences of the tail-end of the Glacial epoch.” ... ”We must forget all this formal modern life; we must break away from this cramped, cold, northern world; we must find ourselves face to face at last, in Pacific isles or African forests, with the underlying truths of simple naked nature.”

[Ill.u.s.tration: GROUP OF WORKERS ON CACAO ESTATE.

Some are standing on the Drying Platform, which is the roof of the Fermentary.]

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