HAIRY IN NEWS
DEALS ON EXCHANGE
PUBLISHING BUSINESS FIRM REJECTS OVERTURES (10 a.m.) LONDON, Jan. 17. Clarence Hatry, the former millionaire who was sentenced to 14 years’ gaol for fraud in 1930, is now entering the publishing field. His name has reappeared in connection with extensive stock exchange dealings. The directors of Wyman and Sons, which controls a chain of railway bookstalls, in a circular to their shareholders reviewing the dealings which raised the prices of shares from £1 2s in July, 1945, to £2 12s 6d on January 15, 1946, state that Hatry in the latter part of 1945 approached one of the company’s directors and intimated he and some friends had bought Wyman’s stock with a view to acquiring a sound investment and improving it by obtaining printing contracts for the company when normal conditions returned. The directors considered the approaches and thereafter informed Hatry that such an association would be contrary to the interests of the company. The directors state, however, that Hatry and his friends continued to buy. Hatry now has extensive holdings in the publishing and bookselling trade.
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Bibliographic details
Gisborne Herald, Volume LXXIII, Issue 21923, 18 January 1946, Page 3
Word Count
183HAIRY IN NEWS Gisborne Herald, Volume LXXIII, Issue 21923, 18 January 1946, Page 3
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