Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-12-07
LOCAL FINANCIAL NEWS.

Those familiar with the local railway
situation are not at all surprised to learn
that reports are in circulation in other GEN.
tiers to the effect that such amicab.e reia-
tons exist between those In control of the
two street railway systems in this city and
the Old Dominion road, which Is building
a line on the Virginia side of the Potomac
to the Great Fails. that there viii be no
difference of opinion as to the granting of
the proposed cross-town privileges which
the latter road asked from Congress at the
last session
1t has not been supposed for some time
past that any great interval would be al
lowed to pass before the different interests,
which are pretty closely related in other
d,rec,ion' would come together on this
done are not known, but II is stated that
there will be no contest over street rail-
way privileges at this session of Congress.
Ihere are those who go to the extent of
believing that In the course of time and
perhaps not far in the future, something
will be done toward bringing these impor-
tant interests under practically one man.
agement.
The rounding out of the first half CEN
tury of its existence has been appropriately
observed by the Mutual Fire Insurance
Company of the District by the issue in
handsome pamphlet form of history of
the company. 1t was prepared by the sec-
TeidFy OF the company, Mr.. L.. PierSe
Boteler and Is alike creditable to his IN
dEstry and to his historical sense.
For, in addition to the recital of the
growth of the company which now has
over $17000,000 Of insurance, represented
by its policies. he has provided appropriate
Illustrations showing the residence on Mis-
souri, avenue of the first president, Mr.. u.
Ward, where the company was organized,
and the subsequent homes including
auaint picture of the old building of the
Bank of Washington. In the second story
OF which this company had its home until
it bought the building at the southwest
corner of Pennsylvania avenue and 9th
street, where its offices are now located
Pictures are also given of the officers of
the company who have served from time
10 time during the past fifty years. and
altogether the monograph Is one of the
most complete and satisfactory that has
been gotten out for such purpose, and
reflects much credit upon the author.
The Incidents in connection with the
meeting of the stock exchange today were
of more interest than the trading, which
was only of the most limited character and
was of no special significance. This Is apt
to be the case especially in these later days
and has led the philosopher of the ex-
change to bend his mighty brain to fur
nishing some solution. According to his
view there Is too much conversation of
private nature at the daily meetings and
he comes to the relief of President Hibbs
with the suggestion that the seats for
WHICH members at least the later corners,
paid as much as $40 600 each be thrown
away and the members expected to stand
as is done in the larger exchanges.
AS Mr.. Hibbs has not as yet hollered for
help and still manages to keep hold of the
helm and as most of the members are quite
as fond of little talk as is the philosopher
himself, although the Iatter's tendency is
toward the buttonhole kind, which don't go
to any extent at the sessions of the ex-
change. the proposed reform is not likely
to move with much promptness.
The difference between the conditions
mere and in New York was brought GU.
WHEN statement was made that bid had
been made of "a per cent for money in that
center. One Of the brokers' who controls
good deal of cash. said by way Of COM
Inent on this announcement that he would
lend 100000 at per cent, and no doubt II
such transactions were recorded by the ex-
change loan of that sort would have
been made then and there
An effort was made to get from Mr..
Glover. who is a principal figure in the
Capital Traction situation, some statement
IL. regard to the talk about the disposition
of the cross-town privileges. and he was
asked outright If his company was going
to get the cross-town business. Mr.. Glover,
however. maintained discreet silence and
made no response either one way or the
other.