Business & Finance: Deals & Developments

Wire House Merger. Many a brokerage firm is expected to merge with the coming of 1932. Last week a harbinger of the movement came with the proposal to form Fenner, Beane & Ungerleider with 48 branches, twelve correspondents, second biggest wire house in the land.* Component firms are Fenner & Beane and Samuel Ungerleider & Co. The former was organized in 1917 in New Orleans and has retained the reputation of being an important cotton and grain house, conducting an active securities business at the same time. It will contribute 39 branches to...

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