Word: kreugers
(lookup in dictionary)
(lookup stats)
Dates: during 1930-1939
Sort By: most recent first
(reverse)
Tucked away in the detailed, careful, 133-page report of Diamond Match Co. for 1929 is the statement: "Your company's 10-year agency contract with the Swedish Match Co. expires December 31, 1930." No surprise was this statement for in December 1928, Ivar Kreuger's $350,000,000 Swedish Match Trust served formal notice upon Diamond that the agreement would not be extended. Yet the approach of the actual termination has made more vivid the question of who will soon be supplying the U. S. with strike-on-the-box matches.* Diamond has made a few, hints...
Last week the outcome of the Swedish-Diamond break was still obfuscated, but suddenly wide circulation was given to the report that agile Herr Kreuger has found a solution. This solution, if true, amounts to no less than his buying 33% of the Diamond Match stock...
...this plan was one detail to which great significance was attached. Of the new stock, 350,000 shares will be sold to bankers at not less than $30 (present market price of new: $22⅝). Quickly born were reports that this block will go to Herr Kreuger's group. In Sweden, the Match King denied it by saying he has taken no part in the present transaction. Also, Lee, Higginson & Co., his U. S. bankers, said they had heard no.thing of it. But the fact remained that Diamond does not need cash if it has enough to give...
Should Herr Kreuger make this investment in Diamond, he will have a stake in the greatest U. S. match company, and in a demoralized U. S. industry. Diamond Match's assets at the end of last year were $27,000,000. Of this, $1 represented patents and goodwill although 20 years ago this item came to $4,000,000. Diamond has great timber stands in California, Maine, Idaho and other states. It owns many lumber yards, 40 of which are in California's Sacramento Valley. Its products have been extended as conditions in the match business became worse...
Ericsson makes telephone equipment, operates telephone systems. It has plants in many countries, concessions in Italy, Poland, Turkey, Esthonia, Mexico, Argentina. In Herr Kreuger & associates it will have the benefit of the shrewdest concession-operators in the world...