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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
May 13, 1991
Page
8
The exuberant stock rally this year amid a recession prompts debate over whether Wall Street’s moves truly signal real economic recovery. Analysts note shifting drivers from individual investors to institutions, with monetary policy and scarce alternatives boosting equities despite mixed market performance and wary forecasts.
A.T. Kearney surveyed pay at large firms showing U S financial officers average 344000, manufacturing leaders 265000, and HR chiefs 217000. German research heads earn 207000, manufacturing boss 196000, and HR officer 158000. Japanese chiefs show near parity with 294000 for personnel and 274000 for top finance.
Kidron Auction reported a large sale featuring 440 hogs at 190 to 260 pounds with prices from 47 to 57 dollars per hundredweight and lighter feeders up to 40 pounds at 30 to 41 dollars. Sheep, goats, calves, cattle, and dairy cattle were listed with varied weight ranges and prices including feeder lambs, market lambs, cows, heifers, and service bulls. Hatcherd Buying Station offered 500 head at 51 to 50 dollars, and multiple weight classes across cattle yielded widespread bids from 55 to 85 dollars in several categories.
Mor-Flo Industries agrees to a 12 dollar per share purchase by a unit of S A Brewing Holdings Ltd of Adelaide. The deal values Mor-Flo at about 31.65 million and would place the combined Bradford White and Mor-Flo share of the water heater market at 32 percent pending shareholder approval.
Miller Brewing Co plans a Lite Ultra beer with 77 calories per 12 ounce serving, 24 fewer than Lite beer. The product will be marketed in San Diego Louisville Madison and Arizona starting Monday, aimed at weight conscious drinkers seeking a lighter option than 100 calorie beers.
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