Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-09-01

Mr.. Legg is one - q
OF the leading in M ~
Surance men OF
Washington. He is Edgar X. Legs, Jr.
fellow of the In
Surance Institute OF America and Is
member of the Metropolitan, Chevy
Chase, Racquet and Insurance Clubs OF
Washington and also belongs to the
Casualty and Surety Clubs of New York
and Baltimore.
George A Griffin is vice president
and secretary of the new corporation.
He began his insurance career IA years
ago in the local branch office OF the
Fidelity g. Casualty Co. of New York
and for the past three years has been
assistant resident manager. He Is an
authority on casualty insurance.
George y. Worthington, jr., real es-
tate broker, is treasurer of the new
agency. The new firm has been ap-
pointed general agents for the Fidelity
& Casualty Co. of New York and of the
Fidelity Phenix Fire Insurance Co.
Fifth District Building Permit.
Chairman Hoxton of the Federal Re-
serve Bank of Richmond reported yes
terday that building permits issued in
July in 80 leading cities of the fifth Re
serve district numbered 2,757, compared
with 2.987 permits issued in July. 1880,
but estimated valuation figures for last
month totaled S9.369,123. an increase OF
1874 per cent over valuation OF $8.258.-
502 in July, 1880. Fourteen OF the 81
reporting cities showed higher valuation
figures for July. 1881, than for July,
1880. but the district increase was largely
accounted for by an increase OF 80 per
cent in Baltimore.
Contracts actually awarded in July
for construction work in the fifth re-
serve district totaled only S17.449 .lO2.
compared with 36,357 800 reported for
July. 1880. according to figures collect
ed by the F. w. Dodge Corporation. or
the July, 1881, awards. $5,354,157 rep
resented residential types Of construc-
ton. compared with $8,525,705 for this
class of work in July last year. Con-
tracts for residential work made up ap-
proximately 81 per cent of all contracts
awarded in July, 1881. compared with
only % per cent in July, 1880.
Wholesale Prices Steady.
Wholesale prices, as measured by the
index of the National Fertilizer ASSo-
citation. which is based on 476 price
quotations computed weekly. continued
steady during the latest week. The
computation for the week ended Au-
gust % indicated a rise of one frac-
tlonal point in the general index num-
Der. During Lle pIeCeullls wen eAlC
general index number declined two
fractional points Three weeks ago the
index advanced two fractional points.
The latest index number is GIG. The
week before it was CTS, while month
ago it was $50. Thus it will be seen
that the index has declined only five
fractional points during the latest
month Last year at this time the
index number stood at 85.7.
1a4A
commodities that declined were lard,
butter, eggs, sugar, ham. canned peas,
oats. wheat. corn. cattle. light hogs,
heavy melting Steel oak flooring, calf
skin, hides, rubber and leather. Listed
among the commodities that advanced
were cotton, wool, sweet potatoes, bar
ley, heavy hogs, lambs, tin, silver, gravel,
petroleum and gasoline.
Bonds Leaders on Exchange.
Bonds were the most active on the
Washington Stock Exchange today,
when September trading was initiated.
Capital Traction SIS sold at 1914, ash
ington Gas IS. series A, at 1882, Wash
ington Railway e. Electric As at 94l4.
Several small sales were made at frac-
tionally lower prices.
Capital Traction stock moved at 34H2,
Potomac Electric Power per cent pre-
cent registered 110l2 and 1l0hs. and
Mergenthaler Linotype sold ex-dividend
at II.
Peoples Drug Stores preferred is nov
being quoted ex-dividend
Heard in Financial District.
Charles E. Howe. treasurer of the
American Security & Trust Co., is much
improved, following his recent Illness
) He left Emergency Hospital several
days ago and is row at his old home
in MiffiintoWn. Pa.
c. H. Gockeler, vice president of the
District National Bank has returned
: to his desk after a months vacation, at
Margate City, N. j. Mr.. Gockeler Is
also vice president of the Washington
Stock Exchange.
F. P. Williams, controller OF the North
Capitol Savings Bank. is taking his va
cation, now being at Atlantic City. He
was made controller of the bank sew
eral weeks ago when several changes
were made in the oE5"ial personnel.
B. Gwyn Dent az Il. T. Bisselle, as
sistant cashiers y. sfre Riggs National
Bank, are bar at their desks after
their annual Vacations. President Rob-
ert v. Fleming will be back at his desk
after Labor day.
Charles Jacobsen, one of the senior
IDSHlD6IS VI Tie washington OOOSh 10
change, was present at today's session
after a three-month tour of Europe.
He was felicitated by his many friends
on the exchange His son is cashier
OF the National Metropolitan Bank.
F. B. Keech e. Co., members OF the
New York Stock Exchange, have closed
their Office in the Mayflower Hotel and
Harry M. Fridley, jr., who has been in
charge is now associated with the main
Office, at the corner of Seventeenth sd
II streets
washington clearing house figures
for today, $1,000 417.89.