The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1907-03-17
STOCKS, BONDS
AND BANKING
Richmonders Still Somewhat
Skeptical, But Slowly Getting
Back to Normal Conditions.
BOOKS ALL IN GOOD SHAPE
Customs Officials in Washington
Predict Rccord-Breaking
Fiscal Year.

Richmond optmists are much better
pleased with the condition OF the STOCK
market. although some Of the traders
are yet very nervous and are somewhat
fearful that tho advances recorded FRI
day and yesterday are not altogether
substantial enough to stand. They seem
to fear another slump, saying the
variations yesterday were too vio-
lent.
Tho New York stock market opened
for the usual Saturday two hours ses-
sion very strong, and though little
nervous and rather unsteady for a
while soon began to pull up along all
tho lines. The advance was gradual
Until after the appearance Of the week.
~ bank statement, which was not at
all pleasing. Then the advance was
sharp. The sales were very large for
n short day, the total of stocks be-
ing 1049,700 shares and bonds ST.
S66, 900.
1t Is true that n number Of Richmond
men who sometimes deal in stocks on
a margin lost money by the slump, but
on the whole this city is far ahead on
the downfall of securities last week.
1t Is said that when the big slump
came on Thursday last and when the
better class of securities had reached
their very lowest point. many big wads
of Richmond money We're thrown into
the hopper and men who arc not In the
habit of dealing on the stock market
invested quite heavily.
They did not buy on margin, but
purely as an investment, paying down
good money. taking the stocks in and
locking them up for future reference.
Good blocks of Coast Line were bought
at and about par Yes" said one who
is in position to know. Richmond,
as a whole Is ahead on the slump. I
think. IT Is n cold day when Rch-
lnond gets left on anything that comes
along"
Tho exciting events in the market
for the past two weeks have had no
effect on the Richmond banks. They
are always conservative and have
plenty of change in vault to keep legi-.
innate business channels open and
trade rushing. The bankers. of course
watch the market and know as well.
as any people what is going on in q
general way. The banks report money
fairly easy and business good.
The Farmers and Merchants Bank
of Amelia, has decided to erect a
bank-building, and a committee has
been appointed to select site for the
same. Heretofore the bank has been
GOING business III rented Inc
paid UP capital of this institution is
| $4,000. e4a
r. G. Dunn and Company iltlooal
agency makes the following report on
| Southern banks for the week ending
| Friday:
New national banks-The Farmers
National Bank. of Cross Plains, Texas
(S5S3). Capital. s25.O00. T. r. Powell,
president; Fred Lane, vice-president;
IS. r, Bond. cashier.
The Naples National Bank. Naples
Texas (S5S5). Capital. 100000. ]. A.
Moore, president; c. II. Bolin and L. r.
Hall, vice-p presidents: u. r. Greer
cashier.
The Greenvlle National Exchange
Bank, Greenvlle. Texas (S5S1). CAPT.
tai, 100000. w. A. Williams. presi-
dent; r. ], Phillips and George s.
Perkins, presidents; H. w. Will
| liams, cashier.
The Peoples Bank, OF Oclla, Ga
Converted into the First National
Bank (s5So). Capital. $4,000.
New State banks, private banks and
trust COMMUNICATIVE North Birming
ham Trust and Savings Bank. OF NORTH
Birmingham, Ala. Organizing.
The Bank Of Mantee. of Mantee Miss
Capital, $4,000, Organizing.
The Farmers Bank and Trust Com
pany, of Osyka, Miss organizing
i Capital, $4,000. 8
The Bank of Ware Shoals. SC. Capt
tai, $4,000 BENJAMIN D. Riegel, presI.