The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1899-03-07

~ tAe Louisville correspondent OF the
- Y0fk Sun. Now IL seems the easiest
;11ur n the world 10 sell either a dis.iiiery
- ~ <Roducf. In the main the improve
1910 AVE 10 the formation Of The tS2.-
WM Hoofucky DisfilIeries and Ware
$50 e9rtcase-
trices h31t already shown Il decided ad-
.rrsce. but they are still so far below the
- a. manufacture and The carrying
Nrree during the four years Ytpening
nerfcA that distiileys and 5obbeEs are pre-
Ieftng rise that Will carry them 100 per
- HIGHER Orders began pouring Ia with
~ ART announcement - the completion
p The syudicaAs. Specuiatofx 1nm cinesE-
I'd md Chicago were quickly on The
~uud and. took all the round lots they
INA ees on which the demands OF hold
= vers not too stiff Ia few days each
Fl hsd accumulated from $3.50 20 0p.0Oo
torresS ard retired from the neid Others
Ave tsker their places. and In the few
AnyA slice the announcement OF the synds-
- st least 10000 barrels have changed
I1nds. representing value Of considerably
nsrs than eaeoo.0W. Dsrlisrs snd dealers
- selling BIZ the thousand barrels, enc
tnnn closing out a lot OF 800 las; week. and
: sinsIe broker effsciinG TIN sale OF 1850
1osrels. nearly all OF which will be deiiv-
I'D within the year. Another dissilier sold
IN bsrels In one day, and 800 and loo
{6roe lots were hardly regarded ar excep-
1onnI ~ brokers who had not sold fifty
wsT<is A week before. The movement re-
NDved impetus last week when tips began
CIRCULATING that the senate would pass q
- aiending the period on which leakage
~ tyapofA Alton are allowed on seven years
m&sAd Ut fo0F, ~ now. This "outase."
- II b technically known. averages 70 per
1T on each barrel In seven years. but
tDfstof0fa the government has collected the
11ea on everything according to Anal
fnees made four years after the whixky
~ her put. In bond The tar On this out
6AmstAts 70 some N.50 barrel. In con-
penence Of which the immenae stocks Of
suAisky distilled 10 lk92 and 1893 have been
otnoet NAxAlAhie II the tar In RENTED A
|W b virtually a present TO the owner OF
II y = q barrel. hence these goods have
oosme remarkably sAiahle for the past few
|Ihyp. Indeed, they are now the ones chief
III sought after.
i Though sales have suddenly become so
|Zs1e. the rise In prices has been moderate
y sone brands II has As yet been no more
IAN cents q gallon. and in rfone OF the
lhoicest does II exceed IL or -. The pres
81 values, however, are so far below what
- been paid for such whisky heretofore
|lAat II in the belief of many distiiiers that
glces viii advance 100 per cent. or even
E4crs. Fer one thing. In addition To the
Let that the market has been 80 giutted
Hat stocks were unstable. grain was
3bwer than ever before The d.stillers buy
restern corn and had beer getting IL I'M
81 last year AZ 10 and Is cents a bushei
1eow corn IL - CENTS. and promises 10 60
higher. an important element OF cost in
0atiilRslsn.s Many sisttiIers do not believe
train VIII ever again be so cheap. and this
another reason for speculative
lqyinx. The bulk OF the product from
70 lses, II stiii selling under Is cents a
oIion. and the whisky of is5z and 1894 has
een sold heretofore at from 2etz to 27ss
ents. though now II liz worth from n To
uvents-. As II cost II To 20 cents To dstiil
~ ana seven years ago. IL can be seen
bow low prices sim are. For years pro-
suction has been below consumption. and
stocks are now too small for even moder-
ale wants before the 1879 crop can be prop
Rly refined and placed on the market
fonF. Years hence.
The most careful estimates made by the
best Informed men I'm the trade are that
the average annual consumption has been
Rom 100000 to a1.ooo.eco gallons yearly
This consumption IL now increasing large
n, and may run as high as - o.. 900 for
3he next two or three years The 20 sss 60
hated on the basis Of the original gauge
4eorge e. buchanan. the whisky stats
|spctan. estimates the real amcun. on the
eaeis of regauged gallons as %, COS CA gai~
)ens. This would put the stocks on yauti-
asy al less than q. COCO gallons which
would be only three years consumption.
end even with the invisible nocr stocks
esuld not exceed four years supply. With
= Production this fiscal year Estimated Al
"a lave ~
That good basis tho pressn, buying
nsts. II Is made all the better because
e the fears that the big syndicate will
sereafter produce cheaper grades OF whis-
~. thus giving . fancy. speculative value
. the present production.
baurason whisky - naturally one of the
aoes specuiativ~ Of commodities Leaving
ne ait! ak~a cesst TO the dsstfties Of from Is
cents aSHsuofi.S the p~ocsNs OF manu-
nssure hsss heeA Only begun. Fanr years
yerTfni stosax. are required 90 ripen the
syaof Tar consumption and az ~ - prone
wevapofats. tn leak and 10 waste In other
Ssersosts ways. the EXPENSE OF ssora &c
WrnHFs enormous ssi ps1pars ION 10 the
I'll az dissllatson. In addition a tax Of
~ per cent. IS levied hv the government
HsnsW n goes ent Of the bonded warehouse
- watched and handled NJ every step hy
1-~ssrtesa and Intelligent labor, and the
AN&2t&sst& IN fssaasN{A2stATes ana
A'reusicn are - complicated that sse-
aA trimming - required In every branch Of
aN uase. THE consequence IL that when
sesioaA- process OF ripefling has been
smpseisd Rourton whisky sas 10 he =a1d
"A pFfc~ oHt OF AL proportion sn ina
tsHng expense Of dlStsIlation Also. "a 10
Eersidessd that The ssss,sie qualities which
ngaissi ore brand from another de-
s0a Upon the sNsisssa treatment, II IN an
matter tn give Il a more or less fiett-
saisas. tt ncarbon whisky cosasa Se
~ trsNa fsons thu sgiii, ~ natural spirits
ia, there would bs na ssASh tssStua-
- ett this II precisely what cannot b.
u IS common tatng 70 sSnd one
Fa e-aling AZ done,e or triple the price
Anesner q eGaai quality ar 10 observe
- ashs sassAs fascinating a. widely from
70 year For shsss, rsessosss fsssilers
essisss aye Alike accustomed 10 Wide
IAalons IN ssisIes. TIC orsssaary pretsf
ling from -FOUR "a six years storage
@secssssa ia BE largo. and in addition
psee - beng constantly affected by
ssss esS boom In Kentucky whisky
~ I'M. ard continued for several
- PRIOR . ,sis there had been lcnx
49, o. depression. when. as Aas Neen
- .sSs row Ter souT CT sse y~sgs IL MAS
a ~. kltsE fAF h4sx gnk. a..