Evening star., 1928-08-02

National Rank Of washington figuring
Il, A sale Of 20 shares at Si2 and Farm
eYs' & Mechanics National selling tC
the extent Of a single share At 3So.
In the bond division the Washington
Gas issues came ont several times III
small transactions at recent levels. A
$500 Gas r sold at l06 Capital Trac-
ton IS moved at io2 and $1,000 sale
.r Chesapeake & Potomac Telephone IS
took place at I00i2. Barber & Ross
CAS- sold at % for q 81 600 bond.
Washington Gas Light stock. which
has recently been so active. was en-
tirely neglected today, 1t closed 81 bid
and 97sS asked.
Banker Of for Jersey Coast.
c. =. Gockeler, vice president Of the
District National Bank and secretary Of
the washington Stock Exchange, leaves
here Saturday for Margate City, n. j.,
for a months vacation. Mr.. Gockeler
speaks quite we'll Of Msrgate City. even
admitting under pressure that it is
far better resort than Atlantic City,
Il is so close that the boardwalk con-
meets the TWO. It was learned that the
veteran banker is taking fishing tackle
along with him, which means he is
likely 10 have some snappy yarns to
tell his fellow members in the National
Press Club. the directors 70 Chaplin
Sacks and the other organizations with
which he is connected. includes the
Blue Ridge Rod &, Gun Club.
Institute Committee Appointed.
Frank n. Perley, chairman of the
membership committee Of Washington
Chapter, American Institute of Bank
ing, has appointed the following asso-
ciates to serve with him: Miss Ruth
AF ~ e
Trust Co.; Miss Rose Royce. Washington
Loan g. Trust Co.; Oswald Lehman,
Security Savings & Commercial; Ray
mond D. Lewis, American Security g.
Trust; G. Harry Morris, Riggs National:
Fl. A. Norris. Lincoln National, Stuart
A. Ogilvie, Second National: E. c.
Steffe. Federal-Anerican and R G.
Whitton. First National, Alexandria.
Banker Prepares Special Analysis.
Fer the benefit of the local bankers
Francis G. Addison, ir,, chairman of
the law and legislation committee OF
the District Bankers Association. has
prepared an analysis of the provisions
contained in the District child labor
law which recently went into effect
here.
The analysis, which enables a bank
er 10 see at glance the changes
brought about in local laws governing
employment Of minors, has been mailed
20 banks having membership in the as
sociation through its secretary, Edward
]. McQuade.
L is believed that only q few OF the
institutions here are affected IN any
way by the new regulations. as a neg
ligibie number of minors are employed
n Washington banking houses Mr..
Addisons Interpretation treats on all
30 sections Of the Law, and covers three
typewriter pages.
KraftPhsnix Company Reports.
The Kraft-Phenix Cheese Co. which
recently gained a controlling interest
II Southern Diaries, reports net earn
nigs after all charges but before in
come tax for the first half year OF ST.
o35. .3s4, as compared with S369,057
year ago. j. L. Kraft. chairman OF the
board. stated: While the consolida-
ton Of the Kraft and Phenix COM
panies was effected January /. 1928, no
material increase in earnings resulted
during the early part of the year, but
during May benefits Of the consolida-
ton we're shown and in June profits
we're $3.50, PIT. compared with s575, ,107
earned IN the frst five months"