Word: tolles
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Dates: during 1930-1939
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...Santa Fe at $298!, putting the $2,986.25 in a savings bank. Recently he bought back his ten Atchison for $350. With the additional money he bought ten shares in each of 85 well-known companies, such as Baltimore & Ohio, Erie, Wabash, Anaconda Copper, Baldwin Locomotive, United Cigar, Kreuger & Toll, Curtiss-Wright, Republic Steel. He still had left $8.75 to buy a haircut, a shave, a pair of shoes before taking the accumulated savings bank interest of about $450 to buy an automobile. If he had bought the 850 shares when he sold his Atchison in 1929, they would have...
...affairs of Kreuger & Toll, the holding company, were just as bad last week. Bankers throughout the world read with envy that Mahler's Bank of Amsterdam had broken all its relations with Ivar Kreuger in 1929, suddenly suspicious at his haste in seeking loans, the number of companies he controlled, the big profits he reported. In Manhattan the protective committee, headed by Bainbridge Colby and with Samuel Untermeyer as counsel, passed a resolution asking the Swedish authorities to demand a cash settlement from Kreuger's U. S. bankers before a re-organization of either Kreuger & Toll or International Match...
...board are Frank Gilman Allen, onetime (1929-31) Governor of Massachusetts, Thomas Nelson Perkins of Boston & Maine R. R., President Louis Edmund Zacher of Travellers Insurance Co. When Lee, Higginson Trust Co. was formed, Ivar Kreuger was slated to become a director, never did. Last week Kreuger & Toll debenture certificates sold at a new low of 3?, mighty plans for Swedish Match were promulgated in Stockholm...
...Kreuger developments last week: 1) A Swedish committee found that Kreuger's personal debts were $93,500,000 in addition to indirect liabilities of $74,800,000. 2) Bankruptcy was recommended for Kreuger & Toll...
Postal Shift. Because of the outcry that was raised at revelation of how Kreuger & Toll, acting with full legal rights, had shifted the collateral behind its bonds, the New York Stock Exchange lately passed a rule that it must be notified immediately of such changes. More than two years ago Postal Telegraph & Cable made such a shift. It removed and retired Commercial Cable Co.'s first mortgage bonds and debenture stock, replacing them with Commercial Cable unsecured notes. The amount involved was about $20,000.000. Leading statistical services have been aware of the change, as have sharp-eyed investors...