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About The Battalion. (College Station, Tex.) 1893-current | View Entire Issue (Jan. 19, 1977)
Brazilian group tightens squeeze on coffee prices United Press International The Brazilian Cofiee Institute, un ruffled by the international uproar over soaring coffee prices, tightened the squeeze yesterday with another boost in export taxes, then agreed to join a producers’ summit meeting to explain the move to consumers. Across the United States, con sumers mobilized to drive home an explanation of their own — summed up by one unidentified New Yorker who said if prices go any higher, “a person will need a second job to af ford a second cup of coffee.” The nationwide boycott initiated by New York Consumer Affairs Commissioner Elinor Gug- genheimer appeared to be gaining momentum, but two tea brokers sounded a disturbing echo to the cry of “switch to tea.” They said tea prices, spurred by increased de mand, are on their way up as well. Brazil inflamed the already fe vered coffee market by raising its ex port tax from $100 to $103 per 132- pound sack. Since the tax — a major source of government revenue — is added to prices by Brazilian export ers, the move was sure to raise coffee costs for U.S. consumers beyond the present range of $2.50 to $3 a pound. Brazilian officials have expressed belief that the world demand for cof fee will remain stable, whatever the price, and that a consumer boycott will do little to bring prices down. However, not all coffee producers were happy with the situation. Dow-Jones News Service quoted a Colombian coffee man as saying, “a nervous and volatile market like this isn’t good for anybody.” Brazilian institute director De- lauro Baumgratz said his country, with Colombia, will propose a spe cial meeting of the 62-nation interna tional coffee organization in London on Feb. 14. Dow-Jones said both U.S. and Brazilian officials initially were wary of the session, billed as an explanation of soaring prices. An unnamed U.S. official was quoted as saying the meeting would be of little value “if all producers do. .. is condemn the boycott. ” “But if they say, ‘Yes, we deplore the situation and will do all we can to hold down prices, then it would be useful,” he said. In New York City, a Consumer Affairs Department survey found that 52 per cent of shoppers inter viewed said they either had cut cof fee consumption or switched to other beverages, but only 7 per cent expressed optimism that prices would not go higher. In Cleveland, about 50 consumer-action volunteers passed out leaflets in front of supermarkets urging customers to keep coffee out of their market baskets, and in Cin cinnati, a supermarket chain launched an ad campaign branding coffee prices “utterly ridiculous,” and offered 10-cent-off coupons on purchase of cocoa, fruit juice or tea. But in New York, Wall Street tea broker Herbert Thomas said Lipton — “the leader in the trade” — will raise prices 10 to 15 cents a pound in February. “The rise will be peanuts com pared to coffee,” he said. THE BATTALION Page 1 \ WEDNESDAY, JANUARY 19, 1977 Silver Taps held ; last night Silver Taps ceremonies were held last night in remembrance of a Texas A&M graduate student and part, time employe and two Houston stuj dents who died during the mopth; long semester recess. Peter Chaplinsky, a 21-year-old junior from Houston, was killed in a car accident on his way back t® spring semester classes. Twenty, year-old Larry Dean Hays, also & junior, died in a car crash as h© left for the semester break. Lawrence Tt Baugh, 32, was found dead in the Navasota Biver last Saturday. M PM Pm PM PM PM PM PM PM M PEPSI COLA 6°> 1 for 9 plus dep. 6 Texas Pride BEER pack 12 oz. Btls. 89 X PIGGLY WIGGLY'S SPECIAL LOW LOW PRICES WILL FIT YOUR BUDGET TO A T. SHOP OFTEN PIGGLY WIGGLY'S FROZEN DEPT. 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