Show SCARCITY OF PREVENTS INCREASE OF CAPITAL OF A DIG COMPANY new york dec 21 president nice ot the distilling company of america announced today that the proposed plan to acrons a tho capital stock or the company ahad been abandoned for the present becaT Tso tho of the money market rendered it impracticable ti while the directors had previously taken no formal action on the matter yet it had been the intention to EC cure either by larger capitalization of a bond issue about more of working capital the company has bon a borrower of about two million dollars on call more or less regularly since its organization iza tion anil liso accent squeezed in money rates has been subjected to considerable inconvenience partly ito tha necessity ot borrowing money from tho street and partly to be in a position to carry larger stocks 0 tho more valuable brands of whisky through long periods an increased working capital of at least two million dollars was thought to be ex bromely desirable |