New-York tribune., 1886-08-02
ARRANGING A CORNER IN WHIsKEH.
AN ATTEMPT TO CONTROL THE MARKET.

LITTLE APPREHENSION FELT IN NEw-YoRK OVER
THE RrPoRr-vInws OF LEADING TRADERS.
The publication OF a rum0r that syndicate
of Ohio and Kentucky whiskey dealers, headed by
Senior Son. OF Cincinnati. and f. H. Taylor, OF Frank
fort and representing capital Of over Sloooooo had
formed with the object of buying large proper
ton all the free whiskey OF the years from 1873 10
1888 ia sight and holding II for rise in price not
surprise dealers In the New-YOrk market They
had been aware that such move was contemplated ana
several OF them approached three months ago with
object OF inducing them to take hand In cornerns
the market. They refused the ground that the
scheme did bid fair to be successful
The report states that agents Of the syndicate
were able to find only 1900 barrels Of the "f
1870 1880 1881 1892 AMI 1853 out OF bond. and that
they went work secretly to buy every Offering
A gentleman who represents some OF the largest dis
cres the country and wao within tho present week
paid 300 barrels OF three four and i've
year old whskey, which had been held III bond In Ham,
burg and Bermuda said yesterday that be had no con-
ndence the ability otthe syndicate get control OF
enough OF the goods to make the venture pay There
over 200 900 barrels held IN bond In Bermu ia,
Bremen and Hamburg" explained this dealer, land II
the syndicate hole in tho supply OF free whs.
Key why the bonded goods Will be run OUT on the market
fs.D Me..rs. Sf seSor and and Taylor have been buying
ago mat tie syndicate now controlled $1,000 barrels
Their purchases have been made az shsie below inc
market values from holders who were financially Unable
to nang any longer. When the supply of the weak
holders ts exhausted the syndicate VIII hnd
that they have reached the cnd of their
rope, without having Plished anything The
OF the leading dealers IL to wait for tho
natural rise which must come sooner or Later Prices
from 70 to 90 per cent better than they were
year ami half ago. when three and fouryearoif
whskry in bond sold at thirty cents gallon. That
depre, owing to the enormous over-proGueton
OF $50 aBd ISL, exceeding 32,0OO,OO0 gallons each
forced dispose OF their goods At
alnlOst any price. Ia orisr get money enough -
buy keep their d!stllleries runDIDg The pro-
ton irom lss2 1855 limited, aud better prices
M ulte.b ia
been de. fully 5.oJO.O0O gallons more III was
needed, and that before the year Is half goae"
Yates Ferguson, Of No 100 Wal.st. Is one of those
who places ittie conn fence IN the attempted corner.
lie thougnt that few OF the Kentucky bar ks might
holdings which they would be glad To dispose OF,
but tina. large majority Of tho hoiters would prefer TO
await developments
W r. Lawrence. OF II. Webster & Co.. No. SO Beaver
st.. said: :" don't believe the syndicate, wnlcA
know exists, has any intention OF attempt
corner the market. IL merely
hopes better feeling and force up prices
itte. Those KeDiucky and OHIO dealer. are naturally
Dnsh. Had they wished 10 establish acOsDer II srlkcs
that they would have become bears.
one advanced for the imp0s-ibity o! ereatngA
''crrnrr' s the growing popularity OF blended whis-
ki"s wnch creates cOnsilera lie demand Tor goods
The only purrh OF consequence known to have
made by syndicate IN this cry was 12,obC
barrel lot belonging 10 bankrupt estate at % centss
.AliOn, export lau-e.