Business: Bigger Biggest

On Jan. 1, 1927, E. A. Pierce & Co.* was formed as successor to A. A. Hausman-Gwathmey & Co. Rapidly the new firm began an unparalleled career. By Jan. 24 it acquired another house, has been growing ever since. Soon no dispute arose when the phrase "largest wire house" was used in connection with E. A. Pierce & Co. Since last fall its primacy has been strengthened by numerous acquisitions. Of these, purchase of the brokerage business of Merrill, Lynch & Co. was the most important, and the taking over last week of...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!