November 17, 1943

Liquor Stock Prices Down
WASHINGTON, D.C.—Late yesterday the Senate voted to investigate alleged hoarding of liquor by distillers. Funding of ten thousand dollars has been provided for the sub-committee investigation. Reports indicate liquor shelves devoid of rye and Bourbon in many areas of the country despite distillers having stock in governmental storage. Chairman Van Nuys of the investigating sub-committee described the situation as “an emergency.” He further stated the situation is driving people to black-market liquor purchases. Stock prices for most large distillers have taken a downturn in recent days, but this is more likely due to profit-taking in the markets than the impending Senate investigation.

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