Word: fenner
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Dates: during 1940-1949
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...addition to providing a casual atmosphere conducive to voluntary study, the Center is well stocked with top-quality instructors. The investment course, for instance, is conducted by Ralph B. Dibble, account executive for Merrill Lynch, Pierce, Fenner, and Beane and an instructor at Boston University. A course in contract bridge is given by Forrest N. Maddix, an authorized teacher of the Culbertson System, while William Drake, staff artist on the Christian Science Monitor, offers instruction in cartooning and newspaper drawing...
Since the farmer seldom comes to Wall Street, the firm of Merrill Lynch, Pierce, Fenner & Beane has decided to bring Wall Street to the farmer.- Explained Merrill Lynch's Des Moines manager Mike Dearth: "The farmer has made a hell of a lot of dough in the last few years. It ought to be put to work...
...tour was part of an investment course for women thought up by Ferdinand C. Smith, resident partner of Merrill Lynch, Pierce, Fenner & Beane, biggest U.S. brokerage house. "Ferd" Smith's office staff pooh-poohed the idea at first, but Smith argued that women, besides doing most of the spending in the U.S., have also become important owners of U.S. business. In many big corporations (U.S. Steel, General Motors, A.T. & T., etc.) women stockholders outnumber men. And sooner or later, most women have to take on the job of managing their husbands' estates. Yet few women are trained...
Though brokers moaned that expenses were so high they could hardly earn their carfare, the nation's biggest brokerage house last week turned in a rosy annual report. Merrill Lynch, Pierce, Fenner & Beane (variously known to gagsters as "We, the People," "The Thundering Herd," "All This and Fenner, Too") did 9.4% of the round lot (blocks of 100 shares) trading on the New York Stock Exchange in 1948, and 12.9% of the odd-lot (less than 100 shares) business. It made a net profit of $1,704,513. This was nearly three times as much as it made...
...sell on the floor must own Stock Exchange seats, which are currently worth about $68,000 apiece (1929 price: $625,000). Some of the big brokerage houses, like Merrill Lynch, Pierce, Fenner & Beane, own a number of seats, while small houses with only two or three partners (and no branch offices) own only one. Since they work on a commission basis, most brokers were not getting rich until business picked up in this spring's upsurge. (Last year, Merrill Lynch, which did almost 10% of the Exchange business, netted $1,827,952; divided equally among the 81 partners...