Business & Finance: Mergers: Nov. 12, 1928

Steel. The Krupp Nirosta* Co., formed last week by Krupp Steel Works (Essen, Germany) and Ludlum Steel Co. (Watervliet, N. Y.) is a patent holding and service company for the exchange of Ludlum and Krupp ideas. President Edwin Corning of Ludlum will be chairman of the board of directors. "Licensees" (Central Alloy Steel Co. and Firth Sterling Steel Co.) will share U. S. rights with Ludlum.

Insurance. Home Insurance Co. and National Liberty Insurance Co., with their subsidiaries (a total of 12 companies) merged last week to form the largest fire insurance system in...

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