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...

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