Word: grangesberg
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Kreuger & Toll has many activities in addition to control of the match companies. It handles much of the financing the monopolies make necessary. It has a 20% interest in the Grangesberg Co. of Sweden, biggest iron producer in Europe, and an 80% interest in the Boliden gold mine in northern Sweden, thought to be the richest in the world. It owns Swedish Pulp Co. with 4,900,000 acres of fine forest, valuable power properties and rights. It controls financial institutions throughout Europe, including commercial and mortgage banks. A typical deal was its purchase of Sweden...
Matches. Far flung are the operations of Kreuger & Toll Co., holding company for the great "Swedish Match Trust," for 21 industrial banking and real estate operations, for the Grangesberg Co. iron mines (Europe's biggest), for the control of L. M. Ericsson Telephone Co. Master of its many operations, getter of its match monopolies is close-shaven,quick-speaking Ivar Kreuger, self-made, much publicized "world's richest bachelor." To shareholders last week he reported that Kreuger & Toll during 1930 earned $24,163,000 from dividends and interest received, against $14,278,000 from those sources in 1929. Trading profits...
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