Many a U. S. corporation would like to sell additional securities for this reason or that, but all bankers know that about the only industry in dire need of fresh capital is the liquor business. Last week National Distillers Products, biggest U. S. whiskey company, filed in Washington a registration statement for an additional issue of 674,000 shares of common stock.
One-half of this issue will be offered to stockholders, probably at a price of between $20 and $25 per share (at least $7,000,000). Each stockholder will receive the right to buy one new...
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