Thanks for your reply.
I did some more reading about the ImageMagick commands, and followed some examples to create a 3D embossed style Watermark to place on my photos. It's a slightly more subtle design than the first type I tried. The Watermark.png file is 38 KB, rather than the 22 KB of the first one, but the resulting Watermarked image is still 6.9 MB.
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For those who may be curious, here are the commands that did the task:
convert -size 1150x90 xc:grey80 -font DroidSerif-BoldItalic.ttf -pointsize 70 -gravity center -draw "fill grey20 text 0,0 'Copyright © David R. Baldock'" Watermark_fgnd.png
convert -size 1150x90 xc:black -font DroidSerif-BoldItalic.ttf -pointsize 70 -gravity center -draw "fill white text 1,1 'Copyright © David R. Baldock' text 0,0 'Copyright © David R. Baldock' fill black text -3,3 'Copyright © David R. Baldock'" +matte Watermark_mask.png
composite -compose CopyOpacity Watermark_mask.png Watermark_fgnd.png Watermark.png
composite -dissolve 100 -gravity southeast ( Watermark.png -resize 100% ) "$FILENAME" "$FILENAME_wm.JPG"
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I added a -2 to the resulting Filename, since I already had a DSC_0587_wm.JPG from the first try.
3D Style Watermarked photo - Cheddar's Restaurant, Webster, TX (1024x680)
(It's in the bottom-right corner.)
(Click on the image to see the full size 4288x2848, 6.9 MB photo)
DSC_0587_wm-2 by
David.R.Baldock, on Flickr