Word: fenner
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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...
...about U.S. gangsters, all right. British Author Rene Raymond, whose bestseller of the same title had sold a million copies, had never been to the U.S. He had, however, read a lot of U.S. pulps, and his dialogue tried to catch the tone faithfully. Samples from the movie: "Look, Fenner, don't put the squeak into Slim." "Ya, I'd like to plug him in the guts." Most of the sequences involved fairly normal business like gun battles, kidnapings, dopings, and Miss Blandish's suicide. But there was one scene (where Miss Blandish's fiance...