Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1857-10-02
Whisky.

We copy from the Cincinnati Price Current the an
neNed statement respecting of the great staples Of
the West
WH1sKY-No Notwithstanding the enormous increase in
the manufacture of this article during the year l85556
noticed and commented upon in our last Annual State
ment the increase the last year has been fully great
and not for the backset the business experienced
the last four months, the increase in dstation in this
vicinity the presOn compared with the previous year
would have been two hundred thousand (200000 bar
res The large increase in the 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 failure of the crop in Europe leading to rapid
and large advance in the prices of French Brandy slim
uated its manufacture in unusual and indeed we NAV
say. unthought of dergree.
New disteries built all over the West, in 1876
and the capacities Of old enlarged the large profits
made that year in the business and extraordinary rapid
ity with which the wealth of disters accumulated ere
ated general desire the part of all enerprsing and
progressive operators to 90 into the business and about
the time the crop of l856 ready for
estimated that about two hundred and fifty dslc
res finished and ready to enter the lists with the
old to convert the great staple of the country into
Whiskey for domestic and foreign Soon after the
commencement Of the present year. change took place
in the general appearance of matters the foreign dema
nearly ceased the manufacturers of French Brandy
France became Overstocked with American Whisky
the shape of Alcohol and the price of the article went
down at Bordeaux and Marselles to runous point for
| IllC ucIlldDu was more Iau
satisfied, and stocks accumulated in ali the home mar
| kets
| About the LIST Of May, corn and all kinds Of grain
became very scarce, and prices rapidly advanced
Whisky ruled at 23c then, but the scarcity and advance
in grain led to general impression that the article would
advance and spectators came into market which led to
rapid advance until the price reached 33c about the
LIST of June; and about this time it thought 1t
would go to 40c., and the speculative feeling became
strong but soon after this it discovered that the
legitimate demand for the article was unusually small
and that the stocks in all the leading markets had ac
INFLATED in surprising manner, and were still accuma-
ating. Still, however, it known that dlstllc1s were
losing in its manufacture, owing to the high price o.
grain, as it cost to make it than it commanded
this kept up the speculative feeling, and it taken
spectators at the current rates from day to day although
the price declined with little reaction at times IRON
this time through the months, until it reacha
205c., the market closing very unsettled and coca
deal depressed.
The stock held here is estimated at 100000 bbs and
Notwithstanding though the distllation has fallen ofO
half the last four months Of the year as compared with
the previous four, still the supply exceeds the demand
1t is supposed, and think with good reason that
case Whiskey distilled for sixty days hence
there is ample stock hand to supply the demand
The quantity of this article, distilled i'll this city ANDY
cny, during the past and previous year and sold t
market compares as follows
1861 .53l ,873 bb.
1nCTctSe. .1Vo'o'-
The above comparison in gallons stands as follows
1867 1894 85 gallon.
l633-6 .........,........ .I9'zoO'Vf'