Word: fairburn
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Diamond Match Co. President W. A. Fairburn...
...return of the shares, legally obstructed their sale (TIME, June 18). Last week they agreed to the sale if the proceeds were impounded for further wrangling. At the upset price of $5,249,500 the block was auctioned off to the one & only bidder, Diamond Match. President William Armstrong Fairburn must have chuckled softly at clearing $7,750,000 without lifting a hand, at profiting roundly from Ivar Kreuger's blasted dreams...
Matches. Another big voice to boom against dumping last week was that of William Armstrong Fairburn, Diamond Match's president. Cried he to stockholders: "Foreign matches, generally inferior, not handled by your company [or any other U. S. match manufacturer], continue to be sold in this country at ridiculously low, uneconomic and unwarranted prices in violation of the spirit of both the U. S. anti-dumping and tariff laws. . . . Book matches, due to destructive competition, uneconomic merchandising and overproducing power, dropped to a record low level for the year. ... All match prices in the U. S. are absurdly...
...report to stockholders last week President William Armstrong Fairburn of Diamond Match Co. saw fit to deny the report that his company had tried to get out of its re-organization plan. His denial was quite definite for he saw fit to call the rumors "crude and imaginary, positively unwarranted by fact, void of substance and absolutely false...
...heard no.thing of it. But the fact remained that Diamond does not need cash if it has enough to give a $25 extra dividend, is therefore selling this stock for another reason. Strange was the fact that from Diamond's mystery-shrouded, little-known President William Armstrong Fairburn, came no denial of the Swedish story. Strange, because here would be a great opportunity to appeal to patriotic instincts, to say Diamond will remain a U. S. company. From these facts, many a banker and broker came to the opinion that Herr Kreuger has found a way to remain...