Echoes of the Past

P: In the winter of 1937-38 a frightened man named Richard Whitney tried to peg the stock of Distilled Liquors Corp. at 9. He failed and went to jail. Last week, having totted up its third consecutive deficit, $74,149 in 1938, Distilled Liquors (applejack, bourbon, rye) announced it was going to expand into the importing business (16 varieties of wine, three whiskies). Its stock is if.

P: In the summer of 1932 a frightened man named Samuel Insull sneaked off to Europe, leaving owners of his holding companies' debentures holding the bag for $76,644,000. Last July, Corporation Securities Co. debentures paid a 4.75% dividend. Last week a Chicago court was asked to approve payment of a 4% dividend on debentures of Insull Utility Investments, Inc., top holding company of all. This will bring total Insull dividend payments to $3,160,760, or just over 4-c- on the dollar.

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