Word: tolls
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Dates: during 1920-1929
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Investors in the seven countries were invited to buy participating debentures of Kreuger & Toll Co The par value of the issue was only 45.000,000 kronor (about $11,000,000). But the market value of the debentures was six or seven times this amount. The American banking group, headed by Lee, Higginson,* offered American certificates representing debentures of 20 kronor par value at $28.14. In the first day's trading in Manhattan they rose to about $35. Lucky investors who had advance orders confirmed by the bankers realized a huge profit in a few hours...
...wise investors, buying Kreuger & Toll debentures, knew they were lending money to the Swedish match monopoly, controlling the match trade in over 40 countries...
Intricately woven about the Swedish Match Co. is the organization by which it maintains and strengthens its monopoly. In 1923 it fostered the subsidiary International Match Co. to handle foreign manufacture and marketing. Swedish Match is itself controlled by Kreuger & Toll, an organizing and managing company which also owns all the common stock of the Swedish-American Investment...
...object of last week's debenture issue was to enable Kreuger & Toll to gather in all the outstanding ($17,917,800) preferred stock of the Swedish-American Investment Co. Another was to take over...
...chosen from the second year class are: Eugene Eisenmann, H. M. Hart '26, M. J. Toll, F. B. Wiener, R. W. Wales, E. C. Gibbons, E. M. Erlich, O. G. Judd, S. N. Scott, W. F. Farr, H. A. Herman, M. I. Gurfein, Harold Rosenwald, W. H. Hastle...