Business & Finance: Whiskey Lull

Before Prohibition, for somewhat similar reasons, both distilleries and schoolhouses closed down in summer. Most whiskey, like most learning, was produced in winter, left to mellow through the hot weather.* Distillers counted whiskey's maturity in summers because they thought that season gave whiskey its best bouquet. Last week this old-time cycle came back into the liquor business for the first time since Repeal. National Distillers, No. 1 U. S. whiskey producer, announced that seven of its nine distilleries had been shut down until October. With heated warehouses, National's decision had nothing to...

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!