LIQUOR: Down the Hatch

The Anchor Line's S.S. Egidia steamed into New York harbor last week with her holds filled with 2,500,000 fifths of Scotch whiskey. It was the largest single shipment in seven years. Britain is planning to increase her Scotch production and exports to boost her dollar balances, and many other such shipments will soon follow. But this prospect brought no cheers from liquor retailers, many of whom are caught with supplies of high-priced Scotch in their cellars.

The prospects of plenty—and a buyers' strike—had already made Scotch prices drop from their $10 to $12 Christmas level to around $6. One...

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