Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-08-12
TRADING IS ACTIVE
ON D. c. EXCHANGE
Utility Issues Are Prominent
in Days SaIes-Changes
Are Small.

Trading was usually active on the
Washington Stock Exchange, with
prices holding generally steady te
stronger, and sales running largely tc
the utilities. Capital Traction 5s
however, were slightly off.
Washington Gas Light showed the
largest advance, opening at 126, point
higher than the last previous sale, and
going to 1877 and 1913 on successive
turnovers of 3 and IL shares, re-
spectively.
CAPITAL Traction SIS opened at &c.
which was 50 under the previous sale,
and on a series of sales amounting to
$4,000 dropped to 95H.
Mergenthaler sold in several blocks,
the last sale at 104.
New Money.
The public attitude toward the new
small size money has subsidized to one
.~-bf total indifference" according to
the Security News of the American
= Security & Trust Co., edited by Robert
: L. Flather.
- Since the 10th of july" comments
Z. the News, practically everybody has
circulation. They were received with
good deal Of expectancy and enthusi-
@asnn, which gradually died down to q
total indifference. At first people re-
vqueSted new money; now number say
that they do not want it. Others do
mot care, and still others prefer It.
ssThe whole thing in a nutshell is that
with both types of currency in your
wallet the small type seems to hide.
1t gets mixed up with the old and 1t
. is confusing to handle both together.
OF course, in time the old bills will
gradually disappear and then everybody
will in all probability, be glad that the
change was made.
: Comments, however, at present indi-
Cate that one of the two types is not
popular. One Of the favorable COM
ments is that all the bills of the same
denomination will be alike. In other
words, there will not be SIS bill issued
by national bank in the South and
another issue of SIS bills, altogether
different, isSutd by national bank in
the North. The money will be uni
form in denominations. The size Of
the pocketbook may be made smaller
but it is estimated that two years are
necessary to get all of the old money
out of circulation, in which event we
will need the present wallets for some
time"
An extra dividend of 20 cents per
share, in addition to the regular semi
annual dividend of so cents per share,
has been declared on Colonial In
shareholders of record July 81, It was
announced today by the Colonial Bond
& Share Corporation of Baltimore.
Commodity Prices.
Prices of commodities during the
week ended August 10 declined one
half of l per cent, according to the
wholesale price index of the National
Fertilizer Association.
IL g.,
was 3 per cent, making a total of
eight-tenths of l per cent for the past
two weeks Five groups showed declines
and only one group a slight advance.
Twenty-four items declined and 10
advanced. The chief declines occurred
in grains, feeds, flour. meal and cotton.
Based on 1926-1928 as 100 and 456
quotations, the index stood at 979 for
the week ended August 10, 98.4 week
ago and 98.7 two weeks ago.
Fusion of the New York Indemnity
Co, one of the largest casualty COM
panies in the country, with the Insur-
ance Securities Co. group was official
1y announced today by William B.
- Joyce, chairman of National Surety
- Co., of which the New York Indemnity
), Co. is the casualty branch. Stimuli
taneously, Insurance Securities Co.,
= Inc, through w. Irving Moss, its pres
= New York Indemnity Co. to the feet of
insurance companies owned and oper-
ated by Insurance Securities Co., Inc.
The merger of these interests marks
= new relationship between two of the
= largest insurance groups in the coun-
try. The announcements followed
series of meetings between w. B. Joyce,
= chairman of the National Surety Co.,
- and Mike M. Moss, senior vice presi-
nf Tnc n Ton
National Surety Co. becomes a larger
) holder of stock in Insurance Securities
!. Co., as permanent investment
Fleming Off for Vacation.
President Robert w. Fleming Of the
Riggs National. Bank leaves here to-
morrow for New Jersey. where he will
spend his vacation at Ocean City. He
will leave here right after the August
meeting of the directors.
I. j. Roberts, one of the assistant
cashiers of the Riggs National Bank,
has returned from his annual vaca-
ton. He is also assistant to the pres
ident.
Frank Owings, cashier of the Bank
of Commerce Sc Savings, has returned
to his desk after three weeks vacation
at his Summer home on Chesapeake
Bay.
w. w. NARROW, cashier of the Sec
ond National Bank, has returned from
David Barnet. assistant trust Of
his annual vacation.
ficer of the National Savings & Trust
Co., has left for his vacation at Allan
tic City and the Blue Ridge Mountains.
Frank Stetson, trust officer of the
National Savings g. Trust Co., re-
turned today from his vacation in
New Hampshire.