The Richmond Virginian. (Richmond, Va.) 1910-1920, 1913-12-28
LARGE AMOUNT Of
coin TURNED LOOSE
FORWARD MOVEMENT IN REAL
ESTATE AND MANUFACTURING
INTERESTS ANTICIPATED.
MORE THAN MILLION
LOCOMOTIVE WORKS EXPECTS
TO START UP BY MIDDLE OF
JANUARY--ROSEA HUE
TO OUTLOOK FOR YEAR.

M w EoEA EAIbh-
More than a million and a quarter
dollars will have been distributed to
the stockholders of the industrial
corporations and banks of Richmond
by the first OF the year. A great por-
ton OF this sum has already gone
out
with the distribution OF this large
sum of money. 1t is believed by bus
iness men that there will BIO a gener-
al turning loose" OF cash for many
purposes early in the year. There
will, according to leading business
men. be an awakening In real estate
matters. building and manufactur-
ing.
1t was said yesterday that the Loco
motive works would be ready for real
business by the middle OF January.
This piece of news Is received by
Rlchmonders with profound satisfac-
tily welcomed. not only by merchants
and real estate men, but by the en-
ployes themselves, many Of whom
have been idle for several months.
Checks to be distributed shortly
after the first OF the year will be
worth sse3.7s2.50. OF this the banks
will pay s2ss.277.5o, and the Indus
trial corporations s567.4s5.o0
The Main Street bank and the Man
chester National have not yet an
.hair atyiaa9d da-ia Inns
Five other local financial institutions
are new and their boards eft directors
declared no dividends, putting the
profits to the credit of surplus.
The largest amount to be paid out
by any bank is $4,000. by the First
National.
Dividend announcements thus far
made, are as follows:
American National. capital
SEoo0.00e: quarterly
dividend of per cent. s. 10000 90
Bank of Commerce and
Trusts, capital $4,000:
semi-annual dividend OF
Of per cent ...,.... 1900 90
Broad Street. capital
100000: semi-annual
dividend OF 3 per cent,
payable in February
and August.
Broadway National. capt.
tai 100000; new in
stftution. profits devot-
ed to surplus,
Central National. capital
$4,000: third consec-
utive semi-annual div-
dend OF 1-2 per cent 6.250 90
Church Hill, capital $780,
coo: first semi-annuai
dividend of 2 per cent 5000 90
Fidelity Loan and Savings
Co. capital 100000;
new institution; prof
its devoted to surplus
First National. capital ST.
100000; serfi-annual
dividend of per cent 10000 90
Main Street. capital $780,
600: directors have not
acted.
Manchester National, cap
ital. $4,000: direc-
tors have not acted.
Mechanics and Merchants.
capital. 100000: semi
annual dividend of 5
per cent ....,... 5000 90
National State and City.
caritai $1,000 900:
semi-annual dividend
OF 3 Ia per cent. 49,. $1,000 90
Planters National. capt.
tai 100000: seminar
nual dividend of 10 per
cent ..... ....... 10000 90
Old Dominion Trust Co.
capital $1.ooo.00o; new
institution; profits de-
voted to surplus.
Savings Bank of Rich
mond. capital 100000;
semi-annuai dividend
of per cent ....... 10000 90
Union Bank of Richmond,
capital s2ls.T50: semi
annual dividend of 9
per cent ..,.... 1877 SO
Richmond Bank and Trust
Co., capital $500, 900;
new institution: profits
devoted to surplus.
Richmond Trust and Saw
ings Co.. capital $780,
600, new institution;
profits devoted to sur
plus.
Merchants National. capt.
tai 100000; semi-an-
nual dividend of 10 per
cent ........ ........ 10000 90
Virginia Trust Co. capt.
tai $1,000. 600; scmi-an-
nual dividend of per
cent ...... .......... 10000 90
West End Bank. capital
$4,000: semi annual
dividend Of per cent $50 90
Total bank dividends. $296,277 SO
Virginia Carolina Chemi-
cal Co.. preferred
stock s1s.00o.o00; sew
enty-third consecutive
quarterly dividend of 2
per cent .......... 100000 90
Virgins Fire and Marine
Insurance CO.. capital
$3.50 GOO: semi annual
dividend OF per cent $4,000 90
Virginia Railway and
Power Co, pref erred
stock. $T.sss.400: semi
annual divident of Ia
per cent, payable Janu-
airy 10th. 1S2.4s5 90
----------------
Total announced divid-
demos $50. =. -. y. .... $SSS,IS1 ~