Business: Beer Listed & Canned

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...