Business: Matches

A recent flotation of 450,000 participating preference shares of the International Match Co., handled by a syndicate headed by Lee, Higginson & Co., has directed the attention of the U. S. to some curious features of the match industry abroad. The primary purpose of the new stock flotation was to acquire for International Match a 20-year lease of the Republic of Poland's governmental match monopoly, which has a capacity of about one billion boxes annually.

The International Match Co. is a Delaware corporation organized in 1923 to acquire the capital stocks of various match...

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