NYSK Member Ortuufiutfiaf* *bbon. P»oetoi4Piinr Abraham 4 Co. Adami A Peck Adjrni (Wttlon W.) I Go. Adier. Coleman 4 Co. *'»o*ACo. Inc. Alfyi(».C-|ACo
* • M-il! Hrirr.r-.
Amon. Ba»r- SCo Incorxreted Anderson A Sir udvkk A t i d i m . Power 4 RDlhBchlld U N A GiUannen Aronson iSura'3. & Cc Arthurs Lettrange & Co. Ath 'Mr- K -i a Co. Aihsr A Ciaini AslelACe. Alter A Ross Auchtncloss, Partei A Redpalti Auerbach. Pollak A Richardson Bathe ACo Baton, Slovenian A Ca Bacon, Whipple A Co.
B um I G M H Betrd[R0beitW.)ACo, Biter. Sifflbndi4Co.,(nc. Biker. Wlttt A CO. Baker, Week* A Co 9il\ Surge A Kiaus Barr <J.S > A Company. Inc Bairel. Fitch. Hortli A Co.. Inc. Barrett A tamntny B S F I - I U j ACn
Barren Ifleii D 1 A Co Baicfiker Ealon Ado Bear sreanuACo Beiuchamp. Witt A S i m Becker (A C i i C o Inc. Bell A Sickwtflh Benjamin. Hill A Company Berrien A Co. Berk. (Bernard) ACo. flernird Winkler A Co Bemtteln A Co. fletti. Borland A Co. Billings. Qrcolt A Co n c: r i A Co. Bla r A Co. Ir coipsmed flla n.O H ! A Ca-npaiy filijr (Wil!lam| A Company Bills A Co. Blunl tills A Simmons BdeHther A CumturiY Bpitnghl (George D B j A [D Bn;• prth Sullivan A Co-npany Incorporated Braaiordi-J C 1 ACo Branch A Company Branch. Cabell A Co Brand. Grume! A Selgei. Inc Brandenburg A Co. UrimtiergA Cell rinlcn A Company 8rod (A T.) A Co B i neks IJH.i A CO. Brown |Alai] A Sent Brown flrnihen Harriman A Co Brukenfeld A Co mp an r Bronnat ACe. Brum. Ho'demen A Co Brush. Sloeumo ACo.. inc Buck (RicrtirdJ | 4 C o Butkner ACo. Bull. Holden ACo Bull A Law Burgeis A Leith Bumtl{W.f.]ACe Bumhim and Cornpan y Burton. Dana A Co. Butcher A Sherrerd Sutler. Hernck A Marshall Stiller. Wick A Co. Cadi. Roberts A Company Cehill. Smilh A CUIalln Carey |H T) Joost A Pa1rir.li Carlnle AJacquelln Carreau A Company Carre re A Co. Carter ACo. C a i w l i m ACD Chace. Whiteside A Wrntiow, inc. Chaplin. McGuiness ACo ChauntayACo. Chrlsiapher IB C | A Cornpan) Clark. Dodge A Co Clark IT w i A Co.
Clarke (Richard W ) A Co Clews (Henry) A C D . Cos (Jacques) A Co. Cotfln A Burr, l K O r x » t e d Conor shall A Hlekt Cohen, Slroonion A Co. Coleman A Company Coirw. Notion A Company Connelly (F.J.) A Company Conning ACo. Cooke A Lucas Ceoley A Company Courts A Co. Cowen A Co. Crtigrnyle, Pinney A Co Cmfltnden. PodettaACo. Cullman Brothers Curliss Mouse A Company Oackerman (Harry C I A Co Dan U M.i 4 Co in: Dallas Union Seturil.es Co . Inc. Daly A Co., Inc. D'Assern ACo. Davenport A Co, Davit (Chn.) A Company Davit A Oavtt Oavlx (Morgan) A Co. Orris {Ralph w ) A Co Davit (ShtlbyCullom) ACo. Oe Coppel A Ooremus Oe Cordova (Cyril) A flio. Or Haven A Townjenfl CrosterA Bodlne DelalteldADelafield Dempsey Tegelf r A Co. Dewar. Roberuon A Pancoatl Diamond A Co. DiCkAMerlg.Smith Ditlmar A Company Fnc Dleon A Company Dodge (U.S.) A Ca. DomlntckAOomlnlck DODllttleACo. Doyle (Frank] A Co. Orach man ACo Draper. Sears A Co DteielACo. Dieytui A Co •nulla 4 Co. Dryidal* A Co. Dc'ly iFdwardJ | A C D Dunne (John V,] A Co. Dunscombe A Co. DuPamuiirACo.lrK. DuPonllFrandsl.rACo. Du Pont, Homsey A Company •urand(C.A.)ASon Eastman OH it n. Union SecuriHes A Co Edwards | A C i A Sons Edwards A Hani, Eis(leo) A Co. Eisele A Xing. Libaue Stcut A Co. Elder A Co Eliins. Moms. Stokes A Co E l-OTi A Co Ellis (D.M.| A Company Emanuel. Deellen A Co. Eppler. Guenn A Turner Inc. Erdman ACo Erntl A Co. Estabrook A Co Evans A Co.. Inc. Fagan A Company Fagenson(B.F) ACo. FahntstockACo. Farrell A Co. Fanvell Chapman A Co. Faulkner. Dawklns A Sullivan Federman, Slor>«hill A Co FelderACo. Ferris ACo. Fllor, Bullard A Smyth Finch, Wilton A Co Fine (WA.) A Co. Finkle. Seikls A WohlsleHer First Albany Corporation First Soulheaslem Corporation Fisher (YVl Hum] A Co Folger. Nolan, Flaming-W.B. Hibbs A Co., Inc. Fordon. Aidinner A Co Foster A Adams Foster flfot,.Webir ACn. Fotter(F.V.|ACo. Feeler A Marshall Fowler A flosenau
FOr,(E.DpACO. Fnnkanbuth A Co Freehllng, Meyerhorl A Co. FreldayACo. Fiitd (Albert) A C*. Friedlander [Percy) A Co. FnjntkeslH.M.f A C D . Fuw-SthmelileACu ,lnt Galoet A Company Gale ((LB.) A Co. Garfnld&Ca. Garret! rfl3ben.i A Sons Gartman, Rose A Feuer Garvin. Banlel A Co, Oenglai irothers Gerstley. Suniieln A Co Gilbert iCdnlon) A Co. Giliifl A Company Glendlnnlng (Robt.) A Co. G'Orf Fcrgan A CO Goldberg (HL i i Co Goldman A Co. Goldman, Sachs ACo. Goldsmith (H.W.J A Co GolSwaler |L J | A Co Gel kin BombackACo GoodDodyACo, Goodklnd, Neuleld, Jordan Co.. inc Goodman (Joseph D.) A Co Gordon Bros. ACo. GOSS(A.H.rACo, GontitblfmetDACe. Gra<HsonrW.O.|ACO. Gnnbery, Marache A Co. Granger A Company Green. Ellis A Anderson Greene (DavidJ.) A C D . Greene A Ladd Gregory A Sons Grimm ACo. Gioss A Company GrunLal ACo. G ruts A Company GruttlGSMfl A Son Gude.WinralllACd. H m i G C I ACo H jDBIIIljn fl I Ul Hackney A Co. Han (P V.) A Company HalleASliegliU HJllnjrlin A Co. Hallowell. Sulrbergar, Jenas Klrkland A Co. Kamershlag, finrg A Co Hardy A Co Hams ACe. Harris (J-J.) A Co.. Inc Hairis. Up ham A Co. Harrison A Company Hai.pt (Ira) A CO. HawkesACo Hay.FaletACa. Hayden.Slone ACo. Hazletl. Burt A Watson HechlACo. HeckeiA Co. Heller A Meyer Heller (Stanley) A Co. Hemphill,NoyesACOHenderson (Charles f.} A Sons Henderson. Harnson A Struthers Henderson, it C ; A Co., Inc. Henry, Franc A Co. Hentz(H.| ACo. Heirman (H.E.) A Company HerriB Id A Stem Henlg, Farber A McKenna Hess. Grant A Remlnglon, Inc. HickcAPrke Hiegel A Company Hill A Co. Hill. Darlington A Co. H.I Hard i J J 6 > A Son Hirsch A CO Hirshon, Roth ACo. Hogle 0.A.) A Co. Holsapple A C D . HomansACo. Hooker A Fay. Inc. Hopkins. Harbach ACo. HoppinBrot. ACo, Homblower A Weeks Howard, Well. Labourist**. Frlednchs and Company Hoyt (Co igal*) A CoHummer (Wayne) A Co
IM:hins. Mnxter A Parkloton HutlOn|E.F.|ACO. Hutten|W.E.]ACa. Illinois Company Inrniporalefl fThe) Ingaiit A Snyder Jacobson (Bea|armnJ A Sent Jacquemol A Co. jairee and Co Jamieten A C; Janney, Oollet A BarUei. inc. JesopALarnonl Jewett, Newnnan A Co Johnson A Ba ley Johnson (Hugh) A Company. I K . Jcli'tiun LaincSfuseandCo . I I K Jahntton A Luigei Jones (Edward 0. i A Co. Jones, Krteger A Co. Joseph u. Bernard] A Co. JatcpMhalACfl. Kahn (L.Stanley) A Co. Kalb.Voc-rhilACO Xamen ACo Kaplan (John •* l A Co. KjUenberg. SOui ACD Kaulmann.AlibergACo Kay. Richards A Company Rear, Tarter A Co. Kemper (John A.) A Company Kennedy IJ R) and Company. Inc. Kerbs A Co Kemgood ACe. Kidder [A.M.] A Co.. Inc Kidder, Peabody A C D . Kleifiin(E.M.iACo. Klngsley :S J ) A Co. Klauber (Murrayl A Co. Koemer, Gordon A Company Kohler A Company Kohlmeye'ACo. Kohn(Richai(E.)SCD. Kuhn.LoebACo, LaBrancheAWoodACo. Ladenburg. Tkalmann A Co. La France A Carmlchac-l La Grange A Co Laldlaw A Co. Laird. Bissell A Meeds Laird A Company, Corporation Lamm (H.J,] A Co La Morte. Mibney A Co LamsDnBrot.ACo. Langley[W.CJACo. Lawrence iCyus J.) A Sons Lawsen, Levy. Williams A Stem LaiardFrerciACe. Leavilt, Spooner A Company Lee Hlgginson Corporation Leggl.JohnC.rACe Lehman Bros. Leaart. McHugh A Co Lentt. Hewlon ACo Lester. RyMiACo. Levien. Greenwald A Co Levy|fl.Dbertj.)ACo. Lewis (John H | ACo Llpper(Arthui|ACo. Leber Brolhers A C D . Loekwoed, Peck A Co. Loeb (Carl M.;, flhoadet A Co Loewl A Co. Iicorporaied Long A Meancy Lowitt (1. | A Co Lubelkin, Regan A Kennedy Luke. Banks A Weeks Lundborg(lrrng) ACo Ltni IS 0 1 ACo Lyons (W.L.) A Co Ma Dc n A Co. Mxkall A Cot M K q jo id A Coady Mattt. Greenwald ACo Man ley, Bennett A Co Mann. Diamaed A Co. Manning, Shanley ACo Maples A Goletchmldt Marcus Bros MatcusAConpany Marcus IJeMe-wn H.) A Co Inc. Marks A Camstjell Musah s (Thomn) A Co. Masten(A.E]ACo. Mutielli A Company Mayer (F.M ) A Co. Mayer A Hart Mayr [Joseph! A Company
McCarley A Company-. Inc. McCormick A Co. McOermolt(OavidH.)ACo McDenrtott(P<lltP)&Co, McDonald A Company McDonnell A Co.. Incorporated McGann (Albert) SecuriHo Company, IMC McKehry A Co MeLaughlln, Kaufman A Co. McMahonUchtenteidACo. McMannut A Mackey McMullen A Herd Mead, Miller A Co. Meelun{MJ.)ACo. Merrill Lynch. Pierce, Fetmer A Smith Incorporated Merrill. TutneriS Co.. Irtl Meslrow A Company Milcfiel. Schreiber. Watts A Co. Mitchell, Hutcfilnt A Co. Mllcttum. Jones A Templeton Model, Roland A Stone Mohawk valley Investing Company. Inc. Monigomery, ScotlACo. Mo«re(O.T.)ACo. Moore. Leonard A Lynch Moore A Schtev Moors A Cabot Morgan Stanley A Co, MDMiey(F.S.|ACo. M
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Molier A Schrvver Munn A McCauley Murch A Co.. Inc. ML I t tiey A Marseilles Murphy A Corntwiy Murray A Company Mash A Co Keubeiger A Berman ltewbeld's(W.H.)SenACo, Newborn, A Co. Newburger A C D . Newtnirger, LoebACo. Newhard.CookACo Hick U.F.) A Company Horns A Kenly Norwood (V.Lee) A CoNowland(PaulJ.)ACo, Ho yes (David A ) A Co Hugent A Igoe Nye A Whitehead Ollpttanl (Jas. H.) A Co Ollvo.HolahafiACs. Oppenheimer A Co. Oppenheimer. Neu ACo. Orvlt Brother A Co Paine, Webber. Jackson A Curtis Parrlth A Co. Pearsall A Company Peck|S.M)ACo. PeeHH.Ot A Company Pell A Company Peninglon. Collet A Co. Pershing A Co. Pelers. Writer A Chrislensen Corporation (The) Ptluglelder A Rust Plonnetmer (Carl H.) A Co. Philips. Rosen A Appel Picoll. Caulteld A Co Piper. Jaltray A Hopwood PiDini(B.W.|ACo Plohn (Chariest A Co Porges, Singer A Company Potter A Cooke Potter (E.N.) A Co. PreseeR A Company Prestprlchffl.W.IACo Price A Davis Proctor, Cook A Co. ProppACs., Inc. Pur cell ACo Putnam A Co. Pyne. Kendall A Holtlster Quail A Co.. Inc. Owlncey (Chas E.)ACo. Quinn A Co. Raebeck (William) A Co. Rautcher. Pierce A Co,. Inc. Flee d, Lear ACo. Reeves (Daniel) A Co. Retsnes. Ely. Beck ACo. Reiner (Milton E I 5 Co R«inh«ldt A Gardner Reynolds A Co)
Richard (C.B.) 4 Co Richards A C». RicMer, Lederman A Co. RlsUne(F.P.)ACo. Rhjer A Cc. Rmmaster, Adeibeig A Co Rlttmaster (David H.) A Co. Roberts (Norman C ) Company Robertson A Co. Robinson A Co .inc. Roblnion, Humphrey A Co. Rodetsky, Kleinahler. Walker A Co Rodman A Renshaw RoneylWM, C.) A CoRose (Reuben) A Co. flesnoaum(VVM M . I A C O Rose nihil 4 Co. Ross Blanehard A Co. Rots A Hirsch Rets. Low A Company Rett, Lynn A Co., h e Rossmann(F.L.) ACo Rotan, MosleACo. Rothutiild A Co. Rothschild (LF.) 4 Co. Rouse, Brewer, Becker A Bryant RuddACo Rupe (Dalles) 4 Sen, Inc. Rutt A Company, Inc, Russell U N . ) 4 Co.. Inc. Rulherlurd (John) 4 Co, Rutler 4 Cc Sacken(F.H.)4Co. SaoeACo Sage 4 Co. Salomon Bros. A Hutzler Salomon (F.t) 4 C*. Samuel (Ra4p4E.| 4 CdSanders 4 Company Sartariut 4 Co. SctieHmeyor. Werli 4 Co Schemman(R.Li4Co. Schenker (Adolph) A Co. SchlHACo. Schirmtr, Alherton 4 Co. Schloss(lrwin)4Co..lnc. Schneider, Bernel 4 Hickman, Inc Sche.ll 4 Co. Schif|ver 4 Co. Schwaoachtr ACo
SthwcKkan 4 Co. Schweiin (F.W.) 4 Co. Scott A Slringftllow Scranton(Chat. W.JACo. Security Associates, Inc. Seeley A Llndley SeHgman(J.4W)ACo Sample. Jacobs A Company. Incorporated Sha>nc(HB)4Co..tnc ShaskanACo Sbean(EJ.)4Co. Shearsen.KammlilACo. Shields 4 Co Shulro. Rett 4 Meyer Shuman, AgnewACe SUberbcrgACo Silver. Barry A Van Raalte Simon (IM.) 4 Co. Simon. Strauss 4 Klmme Simons (Murray) 4 Co. Sincere A Company Singer. Oeane A Scrlbner Smith. Barney A Co Smith (E Dutllh) 4 Co. S H I in Hague 4 Co Smith, Moore 4 Co. Smith 4 Wtlnoarg Smlthart(F.S.)ACo. Somen Schafer4 Co. Sorin 4 Co. Southwood(H.V.)4Ca. Sparks y . W ) 4 Co. Spear. Leeds 4 Kellogg Splcgellierg 4 Co. Spin gam. Heme. 4 Co. SpJtrar. 0 Neil 4 Co. Sprague A NanurtKk Sprayregen. Halt 4 Co. Spring 4 Co. Sttati (William R.) 4 Co. Slaflord 4 Co. Slamm(A.L|4Ca Steams 4 Co Stockier A Moore Stein Bros A Boyte
Sterner, Rouse ACo Sterling. Grace A Co. Stem A 8yck Stem (E.H.I A Co. Stem, Frank. Meyer A Fos Stern[HotberlE.)4Co. Stem. Hoffman 4 Co, Stem 4 Kennedy Stern, Luer 4 Co Sterne. Aget 4 loach Stevenson 4 Battram Stewart. Eubanks, Meverson 4 Co, Slitgfltz 4 Co Sltfel, Nlcolaus A Company, Incorporated Stlilman, Maynard 4 Co. Stokes.Hoyt4Co. Stone (Robert T) A Co. Straus. B'nsser 4 McOewell Slrautt. Phi ii. pi A Co. SlrercMr(J,)ACo. Sutra Bros. ACe. Sutre 4 Co. Ta>ceR.McAlpin4Davlt Talmage ACo Taylor (W.R.K ) 4 Co Thomson 4 McKlrninn Timmlns(J.R.)4CoTimpton(Rober1)4Co. Tobey A Kirk Tomes. Welsh A Wtwley TopliTt A Kaufman Tergeraon (R.M.| A Co. Townscnd. Oabney A Tyson trask (Spencer) A Co. Ravers A Hume neves A Company Thibe*. Collin 4 Co. Tsoiainoi (Theodott) 4 Co Fucker, Anthony 4 fl.L. Day Underwood, HcwhaiH 4 Co., Incorporated Ungerleitfet, Goetz ACo Van Alstyne. Hoel 4 Co Vandm Broock (Alfred L ) 4 Co. Vaughan4Co. Vercoe 4 Co. Vesce (Anthony P.) 4 Co. Viator. Common, Oann A Co. Vital A Hicfcey Viner(EdwardA.|ACo.,l(ic. Wagner.StottACo. Wainwrlghl(H.C,|4Co. Walker (G.H.) 4 Co. Walker (Joseph) 4 Sons Waiston A Co.. Inc. Wallers. Peck A Co. Warbvrton.Grelnar ACo. Ware AKeehps Wamer. Jenntngi, Mandel A Longstteth Wasserman A Co. Warlllng, Lerehen A Co. Wstton (T L-t A Co. Well A Ooyle WelngartenACe. Wels (Irving) A Company Wellington A Co. Werthctm A Co. WesthelmerACo Wheat (J C.) 4 CO. Whitcomb 4 Co. White. Weld 4 Co. Whltehouse4Co. Whitney (H.N.).Goadby4Co. Wlesentwrger (Arthur) 4CeWIleoiACo. Williams (Blair S.) A Co, Willltlon(J,R.|ABea« Wilton A Creem Wlneman. Welst A Co Winm.ll U B . ) A Co Wlnslow, Cohu 4 Stetson Incorporalsd Wlnthrop (Robert) 4 Co Wlsner4deClolrvflle Witter (Dean) 4 Co. Wol'e A Co Wood (A.C.I. Jr. 4 Co. Wood, Slruthere 4 Co Wood, Walker 4 Co, Woodcock, Moyer. Frieke 4 French, hie. Vernatl. Biddle 4 Co. Vales. Heilner 4 Woods Zimmerman 4 Co 2ock(j.A_)lCo Zuckermao. Smith 4 Co.
•Source: New York Sloe i Exchange Director)' for 1959,
In 1959 there were 660 brokers larger than DLJ. Twenty-seven years ago, there was no DLJ. Today, it's the second largest broker on Wall Street. Donaldson, Lufkin & Jenrette and its Pershing Division now account for 13% of the daily reported volume on the New York Stock Exchange—the second largest order flow. Rising from obscurity to the top is an uncommon achievement on Wall Street. Few, if any, have succeeded. DLJ is an exception.
Perhaps the exception. Research, the backbone of DLJ,has brought the country's largest institutional investors to its doors. Its aggressive trading has kept them there. Finding synergy and economic efficiencies between companies has placed DLJ among the top Merger and Acquisition firms in terms of "initiated transactions!' Investment Banking, a function usually associated with the topfirmson