MADE MONEY AT RATE OF £200,000 AN HOUR
new YORK, March 6. Mr. George Baker, aged S 9, already one of the first half-dozen of the world’s richest men, made money at the rate of £200,000 an hour on Thursday and Friday. His First Notional Bank was amalgamated with Morgan's National Bank of Commerce, and shares in the former leaped £l2O each since Wednesday. , .
Baker has 20.000 shares —being onetifth of the capital stock —and his holdings have appreciated in value bymore than £6,000,000 during the week. With a capital of £2,000,000. the First National Bank holds £20,000,000 in undivided profits.
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Bibliographic details
Sun (Auckland), Volume II, Issue 610, 12 March 1929, Page 9
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101MADE MONEY AT RATE OF £200,000 AN HOUR Sun (Auckland), Volume II, Issue 610, 12 March 1929, Page 9
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