Word: doremus
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Money Wanted. Last week the two firms that handle almost all of the odd-lot trading on the New York Stock Exchange agreed to join forces as "a matter of economic necessity." De Coppet & Doremus and Carlisle & Jacquelin said that their decision was forced by in creasing costs plus dwindling odd-lot trading, which now amounts to less than 10.7% of the Big Board's volume. Other merger plans have undoubtedly been hastened by the tendency of small investors in a declining market to with draw from direct trading and turn their business over to mutual funds and other...
Retreat Home. Bourjaily describes the assassination's effect chiefly on two men. One actually knew Kennedy. Dave Doremus not only sailed against Jack as a boy, but he also shared a ward with him in a naval hospital. The other, Barney James, is Doremus' lifelong friend. The story begins when Bourjaily's characters hear of the assassination. Barney and his wife are about to sail on a cruise with Dave and Dave's new wife when the "news from the southwest" reaches them. An instinctual fear that "something is moving around out there in the night...
Barney James is, in sum, a man well worth knowing, and he establishes an instant, easy rapport with his audience. Through Barney's memories-the flashbacks are as elegantly managed as anything since James Gould Cozzens' By Love Possessed-the reader comes to know Dave Doremus, the man who knew Kennedy...
Wings Cigarettes. Though Doremus has something of Kennedy's style and personal charm, in the six months following the assassination he comes to ruin in marriage, in business, and finally in life. In the end he commits suicide, having expended his gifts unwisely, particularly his second wife, a mentally unstable and drug-ridden singer. Though Kennedy's fate and Doremus' have far different origins, the twice-bereaved Barney finds a bleak common moral: "Every man, even the most blessed, needs a little more than average luck to survive this world...
They handle the small investors' orders for lots of fewer than 100 shares. Odd-lot trading makes up 9% of the volume on the New York Stock Exchange, and 99% of all these transactions are handled by two firms: Carlisle & Jacquelin and DeCoppett & Doremus. Brokers place their odd-lot orders with these two firms, which usually sell the shares from their own portfolios at the going market price, plus a fractional markup. Together, the two firms in 1961 earned $12 million on a gross of $35 million...