Word: tolles
(lookup in dictionary)
(lookup stats)
Dates: during 1930-1939
Sort By: most recent first
(reverse)
...list of the securities behind Kreuger & Toll's debenture issue was made public by the New York Stock Exchange last week. The New York Sun's able financial editor commented that the list should have been published long before, pointed out that th? information hud been available to anyone at any time...
...company to the entirgroup was the original engineering and real estate firm of Kreuger & Toll, controlled by Class A voting shares capitalized at $50,000, the majority of which Ivar Kreuger held himself. This small amount of stock carried control of properties capitalized at over a billion dollars...
Kreuger & Toll has many activities in addition to control of the match companies. It handles much of the financing the monopolies make necessary. It has a 20% interest in the Grangesberg Co. of Sweden, biggest iron producer in Europe, and an 80% interest in the Boliden gold mine in northern Sweden, thought to be the richest in the world. It owns Swedish Pulp Co. with 4,900,000 acres of fine forest, valuable power properties and rights. It controls financial institutions throughout Europe, including commercial and mortgage banks. A typical deal was its purchase of Sweden...
While Matchman Kreuger made no matches in the U. S., he raised much cash there. Through his U. S. bankers, Lee, Higginson & Co., the Kreuger companies floated about $200,000,000 worth of securities in the past few years. These issues include an issue of participating Kreuger & Toll debentures which are listed on the New York Stock Exchange. For some months the Kreuger securities have been weak and on his last visit Ivar Kreuger spent much time consulting with market manipulators. Last week the Kreuger & Toll shares were especially weak, dropping from $7? to $5 on tremendous volume...
...drop was accompanied by rumors regarding the whole Kreuger group's solvency. While its earnings have held up (Kreuger & Toll reported $33,000,000 net in 1930) it has been hurt by fluctuations in foreign exchange and the weakening credit position of countries whose bonds it holds. Ivar Kreuger is believed to have borrowed from bankers. Last September Kreuger & Toll had a floating debt of only $50,000,000. The sum was thought to be much higher last week. Much of the selling was from Europe. Kreuger & Toll has 11,000,000 participating debentures outstanding, of which...