Dublin Stout

Feilding Star, Volume VIII, Issue 76, 30 December 1886, Page 2 (Supplement)

Dublin Stout

The great commercial sensation 0$ the day At Home has been the formation of the great Irish stout; firm,, Guinness jfc Son* auto a limited liability company. The prospectus was issued on a Friday, by Messrs % Baring .Brothers, and it was announced thajfc the .subscription would open on Mon» day morni ng ' and close' ' on " Tuesday evening. Ten minutes after tnVbeWJc opened on Monday, however, applications for at least ; twenty times the numher of shares "available were received .and the street was crowdedwith eager applicants^ Messrs Baring Brothers therefore at once 'closed the list, ?a.- proceeding ..which : 3ras.. excited not a little indignation :in speculative circles in London. Tie share capitail asked was £4,500,000., and debenture stoefc »£ 1 r SQq#OO; ? tHe former being dirided kite £:2;500,000 .ofCdrdinary £1.0 shares, and £2,000,000 wcith of preference 6 per cent. £10 shares.. The prospectus .«ho.wed the jaet anwnail profits for the last fire quinquennial periods ito thave been as follows;:-=r-£iM t 119, £139,340, £Jjrß;S7li £30a«3S, a«d £^2,294. The sales in 1885 amouated to 8 18,984 hogsheads /<rf •tout, and the profits to £554,32,7. Akaost all sales .are for 'cash, and there are no tied houses: or advances to publicans. In H885; on :? sales of £2, 165,000, .the bad debts were less than £3000. The price asked! by the vendor was £6joo!JyooQ,< *bf ■-■ which £8<M!,^l00 was to be paid in .ordinary Glares, which he guaranteed to hold for five years. •■ The figures in the prospectus show that the /profit made ositihe Dublin stout is, equal' to lSs€d per hogshead, and tKat the! specific gravity of the fluid -manufactured ar«Eageß 22, which proves^ that^ there m realy less material in >it. than in „ ordinary colonial beer.' The ■ shares were immediately quoted at' a premium of 60 per cent. This' does not look as if the consumption' of'stoujb was mutsh affected by the spread pjE temperance pidnoiples. — Posfy-