Word: fenner
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Dates: during 1950-1959
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...Wall Streeters, Merrill Lynch, Pierce, Fenner & Beane, the world's biggest brokerage house, has long been known as "We, the People," "The Thundering Herd," "Bureau of Missing Persons." A supermarket of finance with 104 partners in no cities, Merrill Lynch handles everything from commodities to 10% of all trading on the New York Stock Exchange. Founder Charles Edward Merrill always took the gags as a compliment. Over the years, his driving ambition was to convince the small investor that he should buy a stake in the U.S. economy. Said Merrill: "America's industrial machine is owned...
Thirty-five thousand dollars, of the $300,000-goal has been raised, according to Alan M. Fenner, the Association's local representative. The fund drive is scheduled to last three more years...
...Fenner expects slow progress in the future, due to a conflict with an overlapping drive by the Armenian General Benevolent Union. Both Fenner and Richard N. Frye, associate professor of Middle Eastern Studies, last night expressed hope that the Benevolent Union will contribute from $15,000 to $25,000 toward the chair...
...Wall Street expected, the 10.2 million shares of Ford stock put on sale for $64.50 by the Ford Foundation promptly "went out the window" on F-day. The seven syndicate managers (Blyth & Co., Inc.; First Boston Corp.; Goldman, Sachs & Co.; Kuhn, Loeb & Co.; Lehman Bros.; Merrill Lynch, Pierce, Fenner & Beane; White, Weld & Co.) each got 307,500 shares. But the 2,000 other firms that helped sell the issue got far less, sometimes as few as 1,500. Even giant Merrill Lynch could average only 9.7 shares per sale in its 114 offices...
...Macy & Co. after graduating from Harvard, became merchandise manager of inexpensive, ready-to-wear departments at 31. He quit to become a vice president of N. W. Ayer, left the agency to go to Safeway, in which his father-in-law, Charles Merrill, head of Merrill Lynch, Pierce, Fenner & Beane, had bought controlling interest. Magowan became assistant to President Warren after three years. In 1938 he left to join Merrill Lynch, where he directed advertising and sales promotion until he took charge of sales in 1948. Into the post of president of Safeway will go Milton L. Selby, 53, Safeway...