Word: kreuger
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Dates: during 1920-1929
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...four matches, three are made in its home or foreign factories. Big customer of Swedish Match has been Germany, where the company controls 70% of the match production. Last month it was rumored that there had arrived in Berlin the man who is behind the great Swedish Trust, Ivar Kreuger, mainspring of Kreuger & Toll Co. which holds the majority interest in Swedish Match. As usual with Kreuger visits, his object was not known, his movements veiled in mystery. Germans wondered if it were in connection with one of the several German banks in which he is heavily interested...
...Life Building, Macy's, the Hotels Plaza and St. Regis were among the jobs on which Herr Kreuger worked as engineer. He also helped to plan and build the Syracuse Stadium, which the late, great Rockefeller-partner John D. Archbold paid for. In 1907 Herr Kreuger returned to Stockholm where, with Paul Toll, he formed the construction firm of Kreuger & Toll. Soon office buildings, apartments, hotels, began to change the Stockholm skyline. Real estate and construction have now become a Kreuger sideline, but most of the modern business structures of Stockholm are Kreuger-built and many are Kreuger-owned...
Wood Pulp. Ten of the largest saw mills in northern Sweden, producing about one-fifth of Sweden's pulp and having assets of $75,000,000, were last week merged by the formation of a holding company to be controlled by Kreuger & Toll (financial company of the Swedish match trust). They will be given a unified selling agency and the holding company will build a new sulphate pulp factory...
...timorous mergophobe need not fear that the deal will create a world communications monopoly. Still the active, eager competitor of I.T.&T.'s wire systems is the mighty Western Union. Looming is a battle with Britain's merged cable-wireless companies. And for good measure, last week, Sweden's Kreuger & Toll (holding and financing company for the Swedish match trust) threatened to invade the foreign telephone field, in direct competition with...
Worthy of note is Kreuger & Toll's financial statement. Net earnings in 1927 were $12,400,000; in 1928 they leaped...