Business & Finance: Whisky Combine?

Rumor had it, last week, that the three great British whisky concerns —John Walker & Son, Buchanan-Oewar, The Distillers' Co.—with a total capital of nearly $100,000,000, had merged. The firms concerned would neither confirm nor deny the report.

This amalgamation, if true, will probably send up the price of whisky; for, in spite of large dividends, the distillers have complained bitterly of their small profits on home-consumed whisky. At present, whisky, with its heavy excise duty, costs in the British Isles about $3 a bottle, while on the Continent it is possible to buy...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!