Word: fenner
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...market, and Wall Street did a good job of paving other investment roads. The New York Stock Exchange borrowed a page from the retailers' book; it started an installment-buying program that persuaded 26,000 new investors to put $63 million into buying stocks. Merrill Lynch, Pierce, Fenner & Beane, the largest U.S. brokerage house, fitted out three trailers as traveling branch offices, sent them touring the New York, Boston and Chicago areas, signed up hundreds of new accounts...
...Charles E. Merrill, 69, senior partner of New York's investment house, Merrill Lynch, Pierce, Fenner & Beane, gave $400,000 to Harvard Medical School (endowment: $23 million). Banker Merrill (an Amherst man himself) made the gift to establish a special professorship for heart diseases, to be named for Harvard Heart Specialist Samuel A. Levine. Dr. Levine. 63, the son of Polish immigrants, peddled newspapers in downtown Boston as a child, went through Harvard College and Medical School (Class of '14) on a scholarship from the Boston Newsboys' Union. A leading authority on coronary thrombosis, Levine is Merrill...
Merrill, a senior partner in the investment firm of Merrill, Lynch, Pierce, Fenner & Beane, has instituted the professorship in honor of a leading heart specialist, Dr. Samuel A. Levine '10. Levine is a personal friend of Merrill's who, the financier said, "has helped me to a great degree from time to time--indeed, I believe he has saved my life...
...vote on the other 5,318,530 Central shares did not seem to be going in Young's favor. About 40% is held by brokers for their customers. The largest such holdings are in the hands of Merrill Lynch, Pierce, Fenner & Beane, the biggest brokerage house in the world. It holds 415,000 shares owned by 1,752 of its customers. About three-quarters of that vote is in, and the Central management has 60%, though individual stockholders have voted 3-1 for Young...
...York Stock Exchange this week looked like any other passenger buses. But inside, instead of seats, each had three offices filled with desks, radiotelephones, easy chairs, an outlet for a stock market ticker and a board listing 70 stocks. The buses bore the name Merrill Lynch, Pierce, Fenner & Beane, the world's largest brokerage house (113 offices), and they were the firm's latest idea on how to bring Wall Street to Main Street...