The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1912-06-28
CITY BANKS PAY
BIG DIVIDE NDS
Stockholders to Receive More
Than 100000 in Profits
on July 1.
TOTAL EXCEEDS 100000
Earnings OF Richmond Corpora
tions for Past Six Months
Show Heavy Gains.

Earnings of Richmonds bank. in
surancc. trust and industrial corpora
items for the six months ending July /
VIII total more than $1,000. 900.
Figures for the banking. Insurance
and trust companies only are available.
In the list OF banks several continue
the practice of putting the diitidends
to the credit OF undivided profits and
Will make no payments to the stocn-
holders on July i. This is true not
ably in the case of the newer institute
tons.
Fifteen of the city's eighteen banks
viii mail checks to their stockholders
III the sum of s292.OSO. representing
the dividends for the past six months.
Compared with this amount. the local
banks paid out In dividends six months
ago the sum of s26o,99650 showing u
Gain for the last pcrioi OF S3l.0S3.5O.
dividends on the same capital stock.
and to regular dividends on an in
creased capitalization.
Some Notable increases.
Two banks-the National Bank of
Virginia and the Main street Bank
increase their scmi-annual dividend
the nrst Eamcd from 5 to 3l-2 per
cent. and the second from to 2l-2
per cent In addition to an Increase
!
street Bank shows. since the last re-
port an increase in capitalization of
$GS.65o upon which the augmented
dividend is paid.
The American National Bank reports
an increase in its capital stock from
100000 TO sl,000.000 While the same
quarterly dividend of per cent. will
Gc paid, there will be an absolute in
crease OF $4,000 in the amount paid to
= g. i m a
capitalization.
The Virginia Fire ana Marine In
surance Company declares its regular
semi annual dividend OF . per cent
on its capital stock of $1,000, 600: and
the Virginia Carolina Chemical Com
Lany disburses the SUN of $3.50. 600,
representing the usual quarterly divi-
dend on its S1S,OoO.O0o of preferred
stock
Bunk Dividends
The banks of the city have announc-
ed the following dividends:
First National; capital, ST.
O0O.oD0; scmIunnunl divi-
.dcnd OF per cent. ...S GO,O0O.0O
National Bunk OF NIrSInia;
capital, Si,200,O0O; semi
annual dividend of l.:
per cent. .......... 100000
Planters National; capital,
S3OO.UO0; Scmi-annunl dlyI-
dcnd of 10 per cent. ..... 10000 100
McrchnntS' Nationals; cnpitRI,
S2UO,UUU; scmi-annunI diyI-
dcnd OF 10 per cent. ..... 100000
National Stutc and City; cap-
It'll, Si,O0O.O0O; semi-nnnuaI
dividend of 8 l.. per cent. 100000
American National; capital,
sl,O0O.OO0; quarterly dlvi-
dend of . per cent... 100000
|irEinia Trust Comnnn!;
capital. 81 600 900; semi
annual dividend Of = per
cent. 100000
MON Bank of Richmond;
capital, S:10,15U, semi
annual dividend of per
cent. .,................... 1o,775.5o
Brond street Eank; capital,
S.0o,000; scmi-nnnual divI-
dcnd Of per ccnt...... 6,OOO.UO
savings Bank of HichmOnd;
capital. S20O.oOO; semi
annual dividend of per
cent. 1o,OOO.O0
Hunk of Commerce and
Trust; capital. s:50.0o0;
scmi-nnnuaI dividend of g
percent. ............. 10000
Commonwealth Bank: capI-
tnl. SB00,00O; scmi-nnnunl
dividend of 3 per cent. 100000
Mcchnnics' md 1Icrchants'
Bnnk, of Mnnchrstcr; capI-
tai. 100000; scmI-nnnuaI
dividend of per cent. -. 5000. 90
Manchester National; capital.
SlOO,00O; Scmt-annual divi-
dcnd of ) per cent. 100000
Main Street Bank; capital.
S102IuO; semi-anuual divl-
dend of IL per cent. 5,SO2.50
West End Bank; capital,
$4,000; no dividends. earn
inEs being placed to sur
plus fund.
Total hank dividends. 500 OSO.OO
Virginia Fire and Marine In
surHncc Company; capital,
S1,000,00O; per cent. semi
annual dividend ......... 100000
NirEinia- Carolina Chemical
Company; preferred stock,
SiS.OOO,0O0; per cent
quarterly dividend. ....... $500 900. 90