Word: fenner
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Dates: during 1960-1969
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Better Offer? Central directors will meet this week to decide on the deal and what price they will pay. They will have to hustle. The C. & O. has already hired Merrill Lynch, Pierce, Fenner & Smith to solicit B. & O. stockholders to accept its offer. The C. & O. will exchange one share of its common (worth about $63) for each if shares of B. & O. common or each share of B. & O. preferred. Perlman said his road is in a position "to make a better offer...
Another sign of encouragement was the continued buying of the small investor. A Merrill Lynch, Pierce, Fenner & Smith survey taken in October showed that more than 62,000 of its customers intended to buy securities into mid-1960, and only 9,800 planned to sell; 53,400 planned both to buy and sell, and 17,600 planned to make no investment changes. Last week Merrill Lynch reported that its customers had meant what they said: they bought 871,000 shares more than they sold in January, and 396,000 more through...
...drop in trading, the 1959 volume was certain to be the heaviest since 1929. Totting up the commissions on the trading, brokers happily paid out the fattest year-end bonuses in many a season. At Paine Webber, the extra checks averaged nearly six weeks' pay; Merrill Lynch, Pierce, Fenner & Smith reported that its oldest employees were getting better than eight weeks' extra pay. In some smaller over-the-counter houses, with low overhead, employees got as much as nine months' additional...