Word: kreuger
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Last week the stockholders of Swedish Match Co., meeting at Jönköping, Sweden, approved a new stock issue of 1,100,000 Class B shares. Next day Manhattan newspapers noted briefly that a readjustment plan proposed last April for Kreuger & Toll debentures had been accepted by the U. S. holders. These two occurrences meant that at last thousands of investors could be sure of realizing something on the colossal wastebasket of international paper spilled by Ivar Kreuger when he shot himself in Paris in March 1932. With the $2,500,000 contribution which Swedish Match will...
...this end, some of Wall Street's ablest have exerted themselves through four years of financial diplomacy. The debenture holders' protective committee, headed by Grayson Mallet-Prevost Murphy, formed only a month after Kreuger's suicide, entered a race to find assets where it was generally believed that no assets existed. A Committee of Investigation appointed by the Swedish Government early reported: "Our examination has reached the point where we can state definitely that there will be little, if anything, for distribution to unsecured creditors...
...Internal Revenue Bureau in Washington disclosed that President Emeritus Abbott Lawrence Lowell of Harvard University had agreed to pay $32,962 for deficiencies in his 1932 income tax statement, which claimed losses of $194,412 in sales of Kreuger & Toll stock. When newshawks asked him if he would give further information about the error, the 79-year-old taxpayer snapped a decisive...
...crime has been committed before the audience arrives, is thereafter unraveled in a long-drawn courtroom scene. The crime which took place on the night of Jan. 16 concerns a fictional Swede named Bjorn Faulkner, who bears a close resemblance to a real Swede named Ivar Kreuger. Faulkner had built a financial empire largely through finagling on a grand scale. He and a secretary-mistress named Karen Andre (Doris Nolan) arrive in Manhattan where he sets her up in a penthouse. After the Crash he finds that he has only one asset left, his personable self, which he is willing...
American Can has a contract with Pabst, Continental with Schlitz. American's Keg-lined Cans have been tried out experimentally for six months in Richmond, Va., where they upped sales of Kreuger's Beer. National Can Co. also tried out a can, had temporary trouble with the lining. Last week the lining was still the can-makers' greatest worry because improper sealing may cause it to peel off, harmlessly clouding the beer...