Business: Liquor Profits

It is no secret that Repeal has been something very close to a flop as a business proposition. Publication of Government liquor tax receipts for fiscal 1934 merely added to the evidence. Liquor retailing has been bitterly competitive and for small stores practically profitless. Big distributors are sagging under the weight of carrying the corner dealer. Even the distillers, always suspect, have found Repeal no gold mine. Few weeks ago National Distillers, stockmarket comet of 1933, hit a new low for the year on the same day...

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