WALL STREET: Mr. Hosford Bows Out

Most Clevelanders have never heard of Clevelander Harry William Hosford. Many a Cleveland financial man who can boast about knowing the big boys has never seen him. A few knew him as the country's biggest individual speculator in Government securities. In the winter of 1942-43 alone he bought upwards of $28 million worth of Government bonds.

Some estimated his fortune at $75 to $100 million. One thing everybody was sure of: obscure Harry Hosford was one of the town's richest men. But his name is not in the Directory of Directors, and seldom in a newspaper. Hosford, a lone wolf,...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!