Word: kreuger
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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...
Matches. A shrewd bargainer is Swedish Match Co. To obtain exclusive match concessions, it has lent money, bought securities from many impoverished governments. But Swedish Match is interested in matches, not money. And Swedish Match has an active and able financing company in the form of Kreuger & Toll Co., largest stockholder in Swedish Match, headed by Matchmaker Ivar Kreuger (TIME, Oct. 1). Last week, therefore, through a syndicate headed by Lee, Higginson & Co., Kreuger & Toll offered $50,000,000 debentures to acquire securities now owned by potent Swedish Match...
Worthy of note is Kreuger & Toll's financial statement. Net earnings in 1927 were $12,400,000; in 1928 they leaped...
With this blast, Matchmaker Kreuger thought he had extinguished the flickering Soviet-Swedish match...