The dynastic aura which clings to the beer industry is based on the solid fact that most of the nationally known U. S. breweries are family-owned. Until last week not a single beer security was listed on the New York Stock Exchange. The first such listing, almost two years after Repeal, was 390,412 shares of no-par stock of small Pfeiffer Brewing Co. of Detroit.
Since beer is a cheap, bulky commodity, most breweries depend on a local market. Pfeiffer, which works at top speed to brew 400,000 bbl. a...
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