Shearson, Hammill & Co.
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| Private partnership | |
| Industry | Financial services |
| Fate | Acquired in 1974 by Hayden, Stone & Co. |
| Founded | 1902 |
| Founder | Edward Shearson |
| Defunct | 1974 |
| Headquarters | New York, New York, United States |
| Products | Investment banking, Brokerage |
Shearson, Hammill & Co. was a Wall Street brokerage and investment banking firm founded in 1902 by Edward Shearson and Caleb Wild Hammill. The firm originally built its business as a stock broker as well as a broker of various commodities, particularly grain and cotton. The firm was a member of the , the and the Chicago Mercantile Exchange.
The firm was originally headquartered in the Empire Building at 71 Broadway in New York City and maintained another main office in Chicago.
Shearson was acquired in by Hayden Stone & Co. to form Shearson Hayden Stone in 1974.
Shearson, Hammill & Co. was founded by Edward Shearson and Caleb Wild Hammill in 1902. Before forming the firm, Shearson had served as comptroller of U.S. Steel and of Federal Steel Company before that. Shearson, who was raised in Ontario, Canada began his career as an auditor for the Wisconsin Central Railroad before taking a position in the steel industry in 1898. Shearson was an active member of New York society. Hammill, who was raised in Albion, Michigan, moved first to Chicago and subsequently to New York in 1890.
By the end of World War I, Shearson Hammill had six branch offices and seven correspondents.
In the 1960s Shearson, Hammill became well known for its commercials that suggested "If You Want To Know What’s Going On On Wall Street, Ask Shearson Hammill." The firm had 63 offices in the US and internationally supported by a well-regarded securities research department.
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