NATIONAL DISTILLERS <DR> SEES SECOND QTR GAIN National Distillers and Chemical Corp expects to realize a second quarter after-tax gain of four dlrs per share from the 545 mln dlr sale of its spirits business to American Brands Inc <AMB>. National Distillers' stock rose 1-1/8 to 65-1/2, after an opening delay on the New York Stock exchange for an imbalance of orders. "I think the sales price was higher than most people expected," said John Henry of E.F. Hutton Group. A company spokeswoman said the four dlr per share gain will be included in second quarter net, which compares with 31 cts per share last year, including the spirits and wine business "They netted over 700 mln dlrs for spirits and wine. That will ease their interest cost burden," said Henry. National Distillers sold its wine business last month to Grand Metropolitan PLC's Heublein Inc for 128 mln dlrs. Henry said he had anticipated National Distillers would net only 600 mln dlrs at the most from the sale of the two liquor businesses. Henry said the company recovered from the sales the cost of buying Enron Chemicals in the fourth quarter last year. National Distillers paid 570 mln dlrs cash for Enron and assumed 34 mln dlrs in debt. National Distillers said at the time it bought Enron it would sell the spirits and wine businesses, moving more into the chemical area. For 1986, two thirds of income were from chemicals and propane. National Distillers earned, excluding the liquor businesses, 2.21 dlrs per share for 1986. Income from discontinued operations, including the liquor businesses, was 67 cts per share.