ALMOST WORTHLESS.
Huge Paper Fortune Built in Five Years. U.S. STOCK MARKET INQUIRY. (Received December 2, 2.15 p.m.) WASHINGTON, December 1 The Senate Stock Market Committee records to-day disclosed that Harley Clarke, a Chicago utilities operator, turned a small stake in the cinema business estimated at I,ooo,ooodollars into a 65,500,000 dollar paper fortune within live years. Though only a small projector-manufacturing company in 1925, Clarke by 1930 became president of the General Theatres Equipment Company, which controlled the Fox Theatre properties, exchanges and stock. An additional investment resulted in his control of a 65,000.000 dollars holding company. To-day Clarke was not president and the stock was practically worthless.
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https://paperspast.natlib.govt.nz/newspapers/TS19331202.2.120
Bibliographic details
Star (Christchurch), Volume LXIV, Issue 934, 2 December 1933, Page 13
Word Count
108ALMOST WORTHLESS. Star (Christchurch), Volume LXIV, Issue 934, 2 December 1933, Page 13
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