Word: fenner
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Clean-up Squad. About 800 of the 1,300 Stock Exchange employees walked out. Their places were taken by brokers and exchange members. Robert A. Magowan and Norman Smith, partners in Merrill Lynch, Pierce, Fenner & Beane, helped run messages on the floor of the Stock Exchange. Vice President John Haskell headed a detail that cleaned up the exchange at night. Curb President Truslow and Chairman Edward C. Werle padded around as night watchmen. In a, day or so, the exchanges were operating almost normally, though the makeshift staffs sweated to keep up with the heavy trading...
...speculators in Wall Street and on the commodity exchanges? Merrill Lynch, Pierce, Fenner & Beane, known to Wall Street as "We the People,"* last week announced that the speculators were indeed "We the People." The world's biggest securities and commodities brokerage house thought it had enough information in its files (150,000 customers) to correct the Truman Administration's impression that commodity speculators were a small bunch of cold-eyed moneybags profiting on human misery...
...also as The Thundering Herd, All This and Fenner Too, the Bureau of Missing Persons...
...whose cash feeds the Big Bull market lives in New York, Altoona, Waco and Zanesville. This was proved last week by Wall Street's largest brokerage firm, Merrill Lynch, Pierce, Fenner & Beane (waggishly called "All This and Fenner Too!"). In 1945, it reported, it had added 40,000 new customers, added two new offices to its 89 in big & little cities, had doubled its profits ($8,834,063 v. $4,483,576 in 1944). As a result, 75 partners of Merrill Lynch will split $1,288,887, after all taxes and their own salaries are paid. Said MLPFB modestly...
Backyard Lode. Even Wall Street had a bonanza: the Exchange's biggest firm, Merrill Lynch, Pierce, Fenner & Beane struck gold in its own backyard. From a modest net of $147,000 in 1942, when it was desperately stripping ship to sail out of the market doldrums, Merrill Lynch kited its profits 33 times to $4,854,000. To do that, Merrill Lynch had to buy & sell $3,000,000,000 in securities and commodity contracts. The profits will not be long in pocket. Taxes, which are not computed in the net-Merrill Lynch is a partnership and taxes...