Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-06-26
LOCAL FINANCIAL NEWS

As q mark of respect to the memory
Of tho late Grover Cleveland the Washing
ton Stock Exchange at It's daily meeting
today adopted q motion presented By Mr..
Parrish to adjourn without making the
call
Tho New York Exchange today discon-
tinued its session at O'Clock as a mark
Of respect to the last Of the ex-Presi-
dents Of the country.
The report that Gen Harries. vice pres
ident of the Washington Railway and
Electric Company, who is absent from
the city, Is considering an offer to become
the general manager Of the system OF
street railways of Kansas City. was dis
cussed in financial circles today, but was
not generally credited. for the reason that
! other officers OF the company were not
aware that Gen. Harries had any such
intention. It was therefore concluded. in
agreement with the views of Mr.. Nor
ment, the president of the company. that
having no knowledge Of the matter from
Gen. Harries himself. it is unlikely he is
considering such a proposition.
! Mr.. John r. Mclean. the president OF
| the Washington Gas Company, has not
yet left the city. and Is daily 10 be found
| at the Office Of the company. on 10th
| street There is some conjecture amonG
| those who endeavCr to keep track of i'm
portant interests with which MIR. Mclean
Is identified as to what matters of suf-
| f1c.ent consequence are now pending to
keep him in the city SO far beyond his
usual time of leaving for the summer
season.
1t is said one matter that is engaging
his attention at this time is the form OF
the mortgage which has been prepared
for the proposed bond issue of the Great
Falls and Old Dominion Electric Rail-
way. Company: The proceeds of the
ing the cost of enlarging the power plant
Of the company. which is located on the
Virginia side Of the Potomac, just south
Of the Aqueduct bridge.
1t Is understood the issue will be 500
600. and that the mortgage securing them
will contain a proviso that any further
issue of bonds cannot be made except to
meet the cost Of betterments.
There are others. however, who claim
that matters Of high finance are now be-
ing given consideration which will in
volve. ultimately. If not at the present
time. both the lighting companies and
also the street railway systems.
Owing to the local holdings in all these
spread interest In the current situation as
affecting them, as we'll as In the posi-
bilities Of the future.
resentatives OF the national banks of the
city action was taken which resulted In
completing the organization of the Ma
tional Currency Association of Washing
ton. Ofncers were chosen as follows
President E. Southland Parker. president
of the Metropolitan Bank; vice president.
w. ". Cox. president Of the Second Bank;
secretary. George w. White. vice pres
ident OF the Commercial Bank: treasurer.
E. Quincy Smith, president of the City
Bank.
Executive committees. Thomas Brown,
president Of the Farmers and Mechanics
Bank; w. ]. Father, vice president of
Riggs Bank: A. F. Fox. president of the
Columbia Bank: r. H. Lynn. president of
the American Bank; Daniel Fraser. vice
president of the Bank of Washington;
George w White, vice president of the
Commercial Bank and e. Quincy Smith.
president of the City Bank.
The directors OF the Bell Telephone
Company of Pennsylvania have declared
the regular quarterly dividend. payable
July Is. Books to close July g.