Word: kreugered
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Sweden's empire of matchwood and matchpaper seemed to be going last week where every kind of match goes sooner or later. Foreign auditors were prowling through the graceful, modernistic business palace where Ivar Kreuger had ruled as "The Match King" until he put a pistol to his heart. But it was in Sweden's Parliament that Sweden's woe last week found utterance. "We know now that the Kreuger Company broke down not because of bad luck or bad conditions but because of dishonesty," cried Deputy Arthur Endeberg. "Sweden's business reputation will be ruined...
Editor George Horace Lorimer of Saturday Evening Post was able to lead off his April 2 issue with an up-to-the-moment article?a "last talk" with the late Ivar Kreuger, recorded by his good friend & admirer, Isaac Frederick Marcosson, able tycoon interviewer. Although the "last talk" was an innocuous compendium of Herr Kreuger's views on international finance, its publication indirectly certified the aura of greatness surrounding the matchmaker and moneylender who had shot himself (TIME, March...
Stocks rose in Stockholm last week as the Swedish Treasury and private banks pooled $30,000,000 to tide over a leading Swedish bank hard hit by the suicide of overwrought Ivar Kreuger, president of the Swedish Match Trust (Kreuger & Toll). Next day Swedish stocks upped again as the Diet extended for another month the Kreuger & Toll moratorium...
...Grand Hotel here is full of American observers, including a number of American brokers with whom Kreuger carried personal accounts. It is now known that Kreuger traded on six of the principal stock exchanges of the world, working through brokers who bought or sold gigantic blocks of stock for his account without mention of his name. It is even indicated that he bought such securities as oil stocks at times in order to bolster the market. He suffered gigantic losses in these operations and a large number of brokers who operated in his behalf are now seeking to collect what...
...Paramount-Publix; National Dairy ahead of Borden. Stocks gaining in popularity included American Light & Traction. Chrysler, Drug, First National Stores. General Foods, United Gas Improvement. Decreases were shown in the number of trusts holding Aluminum Co., American Radiator, Anaconda, Electric Bond & Share, General American Tank, International Telephone, Kennecott, Kreuger. Radio, Western Union, Westinghouse. Total shareholdings in American Machine & Foundry, Commercial Solvents, Continental Can, Deere, United Corp., North American Co., Gillette, Mathieson Alkali. J. C. Penney and American Ice were among the gainers. The 85 trusts held 10,487,000 shares of 162 selected stocks...