Evening star. [volume] (Washington, D.C.) 1854-1972, 1904-03-05

stock was strong again today. and Toe
shares brought from 40 to 46b which is
a fraction over the prices of this stock In
the late markets. Seven thousand five
Railway As brought from 75% to TON.
Capital Traction stock brought 12oh.
There was no trading In the local trust
company and national bank stocks. In
surance stocks were dull. with little or
no demand There has been no trading in
Potomac for some days. Tweuty-one was
bid and % asked for the stock
Mr.. Charles J. Bell, president of the Amer
lean Security and Trust Company. who has
been at Pinehurst N. C.. for several aa ',,
is expected TO return to Washington Mon
day.
Philippine government As sold for the first
time on the New York stock exchange yes
terday. The price established for them was
liza. fractional advance over the price at
which they were disposed Of by the syndi-
cate which was the successful bidder at the
public sale of the bonds.
As result of the Baltimore contlagration
ana the Rochester fire the National Board
or Fire Underwriters has decided upon the
issuance of a circular to fire insurance in
terests generally, which are urged to bring
about a general advance in rates upon risks
IN the congested districts of large cities
The national board says, in part:
The congested districts of our large cities
present a constant menace to our members
no rate or insurance can be adequate for
the protection OF insurance capital intrust-
ed to us II these CONGREGATIONS are to be ex-
perienced with the frequency with which
trey have occurred during the past few
years. If our members are led by past dis
asters to curtail their liability in these dis
tricts the security upon which the credit of
mercantile communities rests will be i'm
paired.
From these congested districts comes a
a oil tv,St.
ready FAR in excess of the normal demand
Tor the protection of other districts and
based upon this Fictitious demand investors
are deceived and the insurance public are
misled by irresponsible organizations able
perhaps, to meet trifing claims but wholly
inadequate to the demands for indemnity
growing out of CONGREGATIONS equal to those
OF chicago, Boston. Paterson and Baltimore.
Th1s matter has passed beyond the mere
question of insurance rates and has become
question vital to the welfare of our coun-
try At the annual meeting of the national
BOARD to be held in May this subject will
De more fully discussed and requisite appro-
priadons VIII be asked to prosecute the
work of the committee of twenty with vigor,
but at the next meeting of the executive
committee appropriations will be asked to
undertake the work and carry the same for
ward until May
A patent was recently granted to Mr. Alb
ner h. Clements formerly of Butte Mont
but now cashier of the Aetna Banking
Company of this city for combination
banking book" Mr.. Clements SAYS this new
book is designed to keep a complete state
ment of banking business in one book and
thus do away with the necessity for having
a deposit book. check book and another
book for keeping accounts. He has arrang-
ed each leaf so all this information can be
entered as the transaction is made and the
owner can tell at glance just what bal
ance, il any, remains in the bank. There
are also slips for deposits that can be
pasted on the stubs from which checks have
been taken.