Word: fenner
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...Merrill Lynch, Pierce, Fenner & Beane," it said. "Banking and Finance . . . . Job opportunities available." Nothing wrong with that business, thought Vag. He could keep his striped ties. He turned a few pages "International Telephone and Telegraph Corporation. . . . A world-wide Electronics and Communication Enterprise." Good firm, that. Vag plugged into his switchboard and said "Check," quietly but clearly. "Ford Motor Company." Vag stood modestly behind a stamping machine and watched them lower the engine into the rear of the car. "Time Incorporated." Tough, quick-witted Vag pecked at his typewriter as the Prime Minister lay dying in the next room. This...
Despite the 50% margin rule (i.e., half the purchase price must be cash), many an investor in the current market had paid in full-and then tucked his stock away. Merrill Lynch, Pierce, Fenner & Beane, biggest U.S. brokerage house, reported that for every margin trader on its books today, there are five others who pay in full. Said Managing Partner Winthrop Smith: "In 1929, it was just the other way around...
Drumming Up Business. Largest stockholder in Safeway is Charles Merrill of Merrill Lynch, Pierce, Fenner & Beane. But Ling Warren has a free hand in tending store. A onetime lumberman and veteran chain-store operator before he became Safeway president 16 years ago, Warren now delegates enough authority to his staff to work only 35 hours a week...
Merrill Lynch, Pierce, Fenner & Beane is often mockingly called "The Bureau of Missing Persons." The joke has some point. The world's biggest brokerage house has 89 partners. Its downtown Manhattan office is so big that back-row customers' men use binoculars to read the tiny stock-price figures on the automatic electric board. The overhead on this and 99 other offices across the U.S. is so big, laments Managing Partner Winthrop Hiram Smith, that "it costs us $70,000 a day just to open the doors." Last week, Merrill Lynch reported that not enough business came through...
...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...