FORTUNES FROM SHARES
AMAZING AMERICAN EARNINGS. By Telegraph—Press Assn. —Copyright. Rec. 7.40 p.m. Washington, Feb. 3. The internal revenue bureau in a preliminary report on taxable income for 1028 disclosed an amazing story of stock profits, with the creation of 200 new millionaires, making a total of 496, and a remarkable rise in the general level of net incomes of individuals throughout the country. In the year, in which a great stock boom began, 24 persons had incomes. of 5,000,000 D dollars or more, compared with 11 in the preceding period. The profits taken in the stock market and in the sale of other capital assets totalled 4,786,512,771 dollars, compared with approximately 2,8’95,000,000 dollars in 1927. The average net income was 6078 dollars 93 cents.
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Taranaki Daily News, 4 February 1930, Page 9
Word Count
125FORTUNES FROM SHARES Taranaki Daily News, 4 February 1930, Page 9
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