Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1902-12-30

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Money will be plentiful in Richmond
after January 1st, more plentiful. even
than< 1t has been. On or about that dav
there will be distributed in dividends the:
enormous sum of ss,oesss1 by the banks.
railways, and security companies of the
city. the bulk, of the stock OF which is
held here
This is a great sum Of money. an
amount practically inconceivable to the.
showing of the investment OF capital IN
local banking houses and financial inst-s
tutions and corporations OF course. no
account is had Of the additional large
sum invested in industrial and manufac-
turing enterprises which would more than
double this sum This sum pa.~ out in in
terest on bank stock or bonds of railway
companies. State securities. and munich
pal bonds is closely approximated, some
of the institutions not yet having held
their meetings and declared their semi
annual dividends. The statement is par
tally based upon the showing made in
1901 but the statement for 1902 will In
every case equal and in some excel that
!, of the previous year. It may. therefore,
be. regarded as a conservative estimate,
based upont the exact figures in most
cases
State City Bonds.
In making the estimate on the amount
paid out in interest on State and munich
PAL bonds, the figures for 1901 are merely
adopted. It may. be that a small sum
Of bonds has. been funded. or in some
cases superseded by bonds at a lower
Interest rate In the estimate Of the
Virginia Passenger. and Power Company
interest on bonds the entire sum Of out
standing bonds Is Jumped and placed at
t..rteen million. This includes all the
property ofS the consolidated company
and branches. In the case OF, the. .lAmeri-
can National Bank, the CAPITAL of which
WAS: $500; 600 last year, tina t. institution has
since acuuiredst the business and eapitalscf,
the Security Bank. thus Increasing the
total ~capital stock to ssol,0. .0bn: The divf-
dends Of The American National and OF
the Richmond Trust and Safe Deposit
Company are quar- .erly and mot semi
annual. The dividend Oh the Petersburg
Savings and Insurance Company, the
stock of which is largely he1d in this city,
is placed in the table at 5 per cent, when
it should be 6, it having been increased
1 per cent,
Two Per Cent, Estimated.
The Virginia Carolina chemical Comps-
ny will not announce its dividend N:llil
January Is, 1903. In the estimate e is
placed at a semi annual .uN1tend Of 2
per cent. on twelve mnIoEs.
While much. of the money tii.,t will be
paid in dividends or interest to stock
I holders will find its way back 6 the
banks and institutions in the form Of de-
posts or increased stock ho.uings, lnHch
Of. 1t will be --rown directly into csGc,l-
lation in various ways. Much Of 1t will
probably be expended in building Eomes
or dwellings for rental, and thus will he
widely distributed. Here is the approXi-
mate statement of the amount to be. paid
out by the institutions named in January,
the bulk of it January list:
State Securities.
Century bonds, registered tdivi-
dend) e........ ..............S' 14S,SI5
Century bonds coupon (dividend) lc15eS
Riddleberger bonds, registered
demo dendl ' ................... s7,o12
College ] certihcates (dividend5..:. 1859
College certificates -tdividenN.... l,65s
Debt of Richmond
Eight per cent bonds. register
ed. per cent 4ss,,4sS
per ne a eart......................... , s.7n
31per -. 5o,s1s
Six per cent. bonds, coupon,
per celt........ ........ -.-:........ i:'-V
az ass per ns. cent cent. - a,oss
sl per a cent. IT. .. ea.c1s
Bank Dividends and Securities.
! first National Bank, per cent. 24,ooo
State Bank of Virginia. 3ls per
cent t-.......-.5 is''V'
Spaotse per' CENT. @ | 1850
.tsy nen, naah - -. . -. 1900
pian,ets csqt .a..onn DsA. .............. ~ 1900
onanf eel'f nanA . .oAo. - 1875
Mesohanes esnt sauoas. a. - 5000
ranee. eco COMPANY. s per cent. 10000
American National Bank On
creased capital stocD, per
cent. (quarterlyl..-... o,oD
sasanes csnt panA :. e - 1000
Richmond Trust and Safe Deposit
= EComnany ! per cent. tqudTterly) 1e,VuU