The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1911-06-29
Banks of Richmond Will
Pay $255, 636 on
July l.
NO REDUCTIONS
SHOWN IN RATE
Gain of $17,es6 Over Semi-An-
nual Dividends of January l,
and of $4S,474 Over Pay
ments at Beginning of
Last Year-Other Big
Divisions.

Demonstrating again. at the close Of
another dividend period, the growing
importance and success of the bank
ing institutions of which Richmond is
proud. it is found that a total of
s255,636 will be paid gu; on July
to the stockholders in these financial
concerns. This does not include one or
two of the small banks. which pay
dividends at other times
BY these figures a gain is shown of
Sl7.es6 in dividends over the sum paid
by the same institutions on January I
of this year. In no case has the rate
OF dividend been reduced. while in
more than one case there has been an
increase, while other additions are due
to larger capital being employed.
1t is worthy of note that the sum
paid by the banks in dividends on jan
uary |. l9ll-s237. s5o-was greater by
sSo.iss than the amount so distributed
one year previous. on January /. 1910.
freaks All Records
The total 10 be paid on Saturday of
this week is greater than any banking
dividend ever before paid in the city
of Richmond. 1t represents the high
water mark. just as each preceding
payment FOR some years has zone A
new record is set every six months
Besides the amounts to be paid by
the banks. dividends have been an
nounced. payable at about the same
time, by the Virginia Fire and Marine
Insurance Company OF $4,000. being
5 per cent. semi-annual on a capita. OF
sI,o0o.000. and by the Virginia Caro-
lima Chemical Company OF $3.50. 600, be-
ing the quarterly dividend OF per
cent on the preferred capital of sls,-
500. 900
The dividends to be paid on July /
by the various banks OF the city fol-
| low. The American National Bank di-
rectors Will meet to-day to fix the
rate, which has been decided upon in
The same is true of the Manchester
National Bank. The Broad Street
Bank. with one or two smaller ones.
does not pay dividends al this time
Banks md Dividends.
First Sntionnl-Cnpitnl, $1,000
900; semi-nnnunl dividend of
per cent. observation-disclosures 10000
Planters Nntion I-Cnpitni,
100000; semi-annunl divi-
dend of 10 per cent. ....... 10000
National Dnnk of Virginia.
Capital, s1,2OO,oOo; semi-nn-
nuaI dividend of 3 per cent 10000
National state and City-Cnpi-
tnI, SI,OOO,O00; xcmi-annual
dividend of 3Ls per cent? $4,000
Merchants Nationni-Cnpitnl,
100000; ser,i-nnnunI divi-
dend of 10 per cent. . oo.Duo
American Sntional-CnpftnI,
S8OO,0oO; quarterly dividend
of per cent. 10 ono
Commonwealth Bank-Capital,
s200.G00; semi-annuRI divi-
dend of per cent. . coon
Main Street Bnnk-Capitnl,
sI65.45O; semi-rnnunl dfvt
dend of per cent ....,.... e,1Oo
Bank of Commerce and Trusts
Capital, s25O,O00, quarterly
dividend Of IL per cent 3.-no
Union Bank of Richmond
Capital, s210,T50; semi-annual
dividend of 0 per cent. .. 1877
Savings Bank OF Richmond
Capital, s20o,OOO, semi-nnnual
dividend of per cent. 5000
virginia Trust Connnny-Capi-
toi, Si,00o,00Oi semi-nnnuaI
dividend Of . per cent ooooo
Manchester Northumberland.
100000; semi-nnnunI diyt-
dend of per cent. aooo
Total banking dividend. .s2h, cao