Salt Lake Telegram | 1949-07-02 | Page 8 | Inventory Cuts Liquor Profit

Inventory Cuis LiquoLProliL Possibls net liquor profits during dur-ing the current fiscal year were reduced by $146,810.83 Saturday with the writing off of an Inventory Inven-tory loss, accumulated since 1945, by the Utah state liquor control commission. Deterioration and evaporation of stocks and a drop in value of Items purchased during the war such as brandies, cordials, rum, sloe gin and tequila accounted for 1110.-064.28 1110.-064.28 of the loss, according to K. M. Doan, commission chairman. Disappearance of 838.742.35 In whisky from the Brigham Street pharmacy, operated by Cyrus V. Lack, whose appeal on an embezzlement em-bezzlement conviction Is pending in the state supreme court makes up the remainder of the figure. Some of the Items, for which there 4a now Jlttle demand, were purchased during the war when good whiskies were not available, Mr. Doan said. - The Inventory loss will result In a reduction of the amount received by cities, towns and counties, unless un-less net profits in the current year exceed by (3.250,000 the amount of the write-off, the commission chairman reported.