Only U. S. corporation in which an investor could have made 116,900% on his money in the last ten years is Climax Molybdenum Co., world's largest producer of that elemental metal. In 1926 Climax stock could have been bought for 10¢ per share. Even as late as 1932 it changed hands at $1 per shareperhaps lower, for the stock has never been listed, was then unknown even to over-the-counter traders. Next year it sold as high as $15. By last October it was selling in the 80's, when the stockholders voted a three-for-one split....
To continue reading:
or
Log-In
