Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1857-09-27
M. E. BLACKMoRE.
THE WHISKY TRADE OF CINCINNATI.

= l.
We copy from the Annual Statement of the Gin
cinnad Price Current the following statement res
peeting one of the great staples of that city:
Notwithstanding the enormous increase in the
manufacture Of this article during the year 1885,
noticed and commented upon in our last Annual
Statement the increase the last year has been fully
as great; and it for the backset the bust
uess experienced the last four months the increase
dstillation IN this vicinity the present. as com
pared with the previous year, would have been two
hundred thousand barrels. The large increase in
he demand for this article. the last two or three
years. growing out of the failure of the sugar crop
and the consequent high price of Rum, and the fail
of the Grape crop in Europe leading to a rapid
,ud large advance in the prices Of French Brandy
stimulated its manufacture in unusual, and in
deed we may say, unthought of degree. New dis
tlleries were built all over the West, in 1856, and
he capacities of old enlarged the large profits
| made that year in the business and extraordinary
rapdity with which the wealth of disilers accumu-
lated, created general desire the part of all en-
erprising and progressive operators to 20 into the
business; and about the time the Corn crop of 1856
was ready for use it was estimated that about two
hundred and fifty distilleries were finished and
ready to the lists with the old ones to
the great staple of the country into Whisky for do
nestle and foreign use. Soon after the commence
ment of the present year, change took place in the
| general aspect Of matters; the foreign demand
nearly ceased, the manufacturers of French Brandy
| IN France became overstocked with American Wits
KY in the shape of Alcohol and the price Of the ar
/ tice went down at Bordeaux and Marseiles to a
uinOus point for the American shipper; the home
demand was more than satisfied, and stocks accumu-
lated in all the home markets. About the LIST OF
Nay, Corn and all kinds of grain became very scarce
| and prices rapidly advanced Whisky ruled at 2Sc
hen, but the scarcity OF and advance in grain led
| a general impression that the article would ad
vance, and spectators came into market which led
rapid advance until the price reached $780, about
he lst of June; and about this time it was thought
it would 60 TO 4Oc, and the speculative feeling be
came strong but soon after this it was discovered
that the Legitimate demand for the article was IN
usually small and that the stocks in all the leading
| markets had accumulated in a surprising manner
aud were still accommodating. Still, however it wa,
known that distillers losing in its manufacture
owing TO the high price of grain, it cost more t
make it than il commanded this kept up the specu
ative feeling and ii taken by spectators at the
current from day to day, although the price
declined, with little reaction at times, from thi
! Time on through the summer months until il reach
ed 2O4c.; the market closing very unsettled, and
good deal depressed.
The stock held here is estimated at 40, 600 bbls
and Notwithstanding though the dstilation ha.
fallen off half the last four months of the yeal
compared with the previous four, still the supply
exceeds the demand. 1t is supposed, and we think
with good reason, that in case no more Whisky wa.
| distilled for sixty days hence there is an ampl,
stock on hand to supply the demand. The quantity
of this article, distilled in this city and vicinity
during the past and previous year. and sold in thi!
market compares as follows:
1867 90 873 bbls.
1o55-6..... 42S,O0l "
lncrease...................... ......... lG3, 872
The above comparison in gallons stands as fol