FOUND DEAD

Southland Times, Issue 21652, 14 March 1932, Page 5

FOUND DEAD

SWEDISH MATCH “KING.” REACTION ON STOCK EXCHANGE. (United Press Assn.—By Telegraph—Copyright.) (Rec. 12,30 a.m.) Landon, March 12. Ivar Kreuger, a Swedish match king and financier who has just returned from America was found dead in a Parks flat. A revolver was by his side and suicide is attributed to a nervous breakdown. He lent money to the Swedish Government from whom he obtained the match monopolies which extended worldwide. Advice from Stockholm says that the Government hurriedly convened Parliament to pass a moratorium bill for private concerns with special application to Kreuger. A New York message states that Mr Kreuger exerted a great influence in the financial world here. He had begun his career in America as an obscure engineer. He built the athletic stadium for the Syracuse University which in 1930 gave him the honorary degree of doctor of Business Administration. During a recent visit to America ho had an interview with Mr Hoover and was engaged in consultation with New York stock market experts as a result of whiih Kreuger certificates which had been subjected to pressure rose from 4.} per cent, to 9 1-8 per cent, three weeks later and were well supported above seven per cent, prior to the week just ended. Although the news of his death was published after the close of the market to-day, the selling of certificates began at the opening of the Stock Exchange and had all the indications of being of the "informed” type which usually precedes unfavourable news. One hundred and sixtyfive thousand certificates were sold, a quarter of the volume on the exchange, but were apparently well supported.