Mergers

The Sherman Corporation, Boston engineers, financiers, is making a study of U. S. mergers of the past few years and is hard put keeping track of the multitude of new ones always forming. The years 1927 and 1928 will probably go into financial history as the real beginning of the vast industrial-financial drift now going on.

Herewith are recent significant mergers:

Drugs. Bristol-Myers Co. (Sal Hepatica, Ipana tooth paste, Gastrogen) of New York is negotiating to buy Frederick F. Ingram Co. (shaving cream).

Gasoline Pumps. Bennett Pumps Corp. of Muskegon, Mich., joined with Service Station Equipment Co. Ltd. of Canada--a $6,500,000 proposition. Wayne Pump Co., of Fort Wayne, Ind., is negotiating to buy a number of mid-western companies that make service station equipment.

Groceries. Again Kroger Grocery & Baking Co. added minor chains to its radiating system--109 Piggly Wiggly and 43 Kohn stores of the Missouri & Illinois Stores Co., located in St. Louis & vicinity.