Word: kreugers
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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...
...Kreuger in Ericsson. Undoubtedly most famed of Swedish companies is Ivar Kreuger's Kreuger & Toll Co., holding company for Swedish match, international banks, large mines. But a close second is L. M. Ericsson Telephone Co. which wages successful battle against German's Siemens & Halske on one hand, International Telephone & Telegraph Corp. on the other. Good news in Sweden last week was the announcement that Ivar Kreuger has obtained a large block of Ericsson stock, that Kreuger & Toll will direct its many activities. Foiled apparently by the deal was I. T. & T., recently reported angling for Ericsson, and against...
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...
Happier would be the life of any President if custom did not require him to act as No. 1 Greeter of the nation. Last week President Hoover received, among many another: 1) Ivar Kreuger, Swedish match tycoon; 2) The Earl of Derby here for the Kentucky race; 3) U. S. Circuit Court Judge John Johnston Parker, Supreme Court rejectee; 4) Frank Morrison, secretary of the American Federation of Labor with a plea against curtailed Navy Yard employment; 5) Professor Enrico Glickenstein, Polish drypoint etcher; 6) Dr. William Oxley Thompson, president emeritus of Ohio State University; 7) Theodore Roosevelt, Governor...