Word: ivar
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Kreuger in LL S- Potent in the U. S. match business is Ivar Kreuger, match tycoon of the world. Vulcan Match Co. (subsidiary of International Match Corp. which in turn is controlled by Swedish Match Co., Kreuger & Toll unit) has long sold imported Swedish matches in the U. S., made none of its own. The recent tariff on matches has made this business less profitable, has made it seem likely that Herr Kreuger would acquire a U. S. factory. Once it was widely thought that he had bought a big interest in Diamond Match Co., biggest...
...spent the next ten years with Simmons Hardware Co. , of St. Louis. In 1915 he was made a partner of "Lee, Higg." Polite, polished, he fits well into Lee, Higginson's luxurious Manhattan office and is a perfect specimen of Banker, Idealized Type. He is a director of Ivar Kreuger's International Match Corp. for which his house is the U. S. banker. This year he was given the Royal Order of Commander of the North Star by the King of Sweden. His directorates also include Chase National Bank, International Telephone & Telegraph, Nash Motors Co., Otis Elevator...
Next day's Parsifal was orchestrally poignant, lyric. Slower than most was Toscanini's tender reading. A magnificent Gurnemanz (Basso Ivar Andresen of the Metropolitan), a poetic Parsifal (Tenor Fritz Wolff), a comely but vocally insecure Kundry (Soprano Elisabeth Ohms), sang their way through Wagner's leisurely, sometimes philosophically turbid drama. The sets "dated from 1882 and looked...
...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 however were $8,626,000 against...
Diamond Match. Last week Diamond Match Co. new stock sold around $18 a share, but the company's bankers announced that, as planned at the time of recapitalization (TIME, Sept. 22), 350,000 shares had been privately placed at $37. Persistent was the story that Ivar Kreuger's Swedish Match group had acquired this block which carries 33 ⅓% of voting control. Obviously only a group which wanted a big interest in Diamond Match very badly would pay so much above market. Bankers for the company announced that "no change in management is contemplated," but of course...