Word: kreuger
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Investors in the seven countries were invited to buy participating debentures of Kreuger & Toll Co The par value of the issue was only 45.000,000 kronor (about $11,000,000). But the market value of the debentures was six or seven times this amount. The American banking group, headed by Lee, Higginson,* offered American certificates representing debentures of 20 kronor par value at $28.14. In the first day's trading in Manhattan they rose to about $35. Lucky investors who had advance orders confirmed by the bankers realized a huge profit in a few hours...
...Sweden is far different from that tale in U. S. statistics, made public last week. In Stockholm, only 150 taxpayers had incomes of more than $50,000. The largest individual income reported was that of A. M. Versteegh, factory owner-$402,354. M. L. Wallenberg, international banker, and Ivar Kreuger, Match Trust head, came second and third...