Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1918-06-30

prosperity began months ago, and be-
| came moro pronounced this year Prac-
| ticall% every limo Of business is now
| working to its capacity. while many
industries are employing far more peo-
pie than ever before in their history
and some are working night ana day
to fill their orders.
Richmond's disbursements to the
| holders of stocks In Industrial enter
prises are all tho moro striking when
the city's great record In the two Red
Cross campaigns are considered, in ad
dttion to heavy recent subscriptions to
!iberty bonds. In financial circles YES
,erdaS IL was freely stated that bust
ness was still on the upward trend but
no one would predict how long tina.
condition would prevail. However. no
one anticipates any Slackness before
the end OF the war. for activity Incl
dent to war work represents a sub
s'antial portion OF Richmond's business.
PAYMENTS DOUBLE THIS
TIME LAST YEAR
The payment of sS,322.46S in d,vi-
nehds on July compares with n dis.
bursement OF s2.661,34e on January
OF THIS year. and slA65.S7o one year
ago tomorrow. Twelve months AFRO
pSHNS pdiu TO tnplr Shn
'foidcrS s29S,S77.50 in dividends no
against 3321.6o5 Tomorrow Thnra =.
substantial increase dcsrite two h,,,,
consultations I'm the last ,wciro
hcnths, Insurance and industrial nav
menis show n substantial, ,ncra,so
Whiie ra:!rcad payments remain prac-
tically the same as on January
though there liz gain over ,,st III,
nrOhl
ending to-day were the greatsst - ~.
history of Richmc nd's fn,nci,1 So,
'nii'ns. Several institutions increase,
their dividend rates for sem,,nnu,,
PAYMENTS others changed to ouar.or,,.
disbursements of profits, the anpu,,
r''e oeihg Increased slightly, while
large trms were carried forvar, -
surplus accounts. Within the mast ya,-
'he tlchmond Bank and Trust CON-
p""' mas consolidated with tho Ola
dominion Trust Company and ~.
Manchester National Bank WIS ~
soroed oy the Bank of Commerce ava
Trusts ana
"AHf RICHMOND BANKS
BONUSES TO EMPLOYERS
IN adoition to other payments. n,nv
banks remembered their ON
P'o!eess In appreciation o, faI,hf,,,
services and because OF the eyer-;,
Teasing prices for all commodities. tho
.>a''onai State and City Bank has ius,
'o'ed lis employees 25 per cent ey,r,
compensation for the six rpo,,bs,
period. II was announced yes.arday
otAer banks have already moda nuhIio
their bonuses TO employees. Included
IN these were 90 per cent by the p,an,.
ers National Bank and the Bank n,
commerce and Trusts.
The Church Hill Bank is now ~,
% per cent basis, the dividend ius, do.
cared being a per cent senliannua,
payment TO stockholders. Directors ne
the Fidelity Loan and Savings COM
pahy declared quarterly dividend or
: per cent, placing the stock ON ,
per cent basis. while the National STATE
and City Bank increases it's rn,, %
per cent. The Planters National Bnnl,
declared q quarterly paymen+ Of No,
cent The Savings Bank of Richmond
made Its usual semiannual pnvmeu, ~
. per cent, and declared special d;yi-
dend of l per cent
COMpASI
MAKES DIG PAYMENT
Probably the most striking divldeno
~ Nti'S Pei Iou IL me DISlnED.
10 be made by the Virginia Carolina
'hemica! Company. In addition TO it's
usual quarterly payment OF per cent
on preferred stock, amounting to $500.
40 TINS company increases it's ra;r
on the common stock. This has been
on a per cent basis since dividends
were resumed. and the rate Is, nov,
increased to { per cent on an ont
standing capital OF s27.eSi.i00 In adj
d!iion, the company declared an extra
dividend OF per cent on the common.
which Will be paid N Liberty bonds Of
we third issue. The Virginia Fire and
Marine Insurance Company declared It's
usual dividend OF per cent, and an
extra dividend OF 2 per cent.
The Chesapeake and Ohio Railway
company continues It's paymen. 10
stockholders. the directors having de-
eiared. 1t was announced yesterday. A
semiannunl payment of per cent on
the S62,ooo.oo0 Of common stock, max
ing the disbursement si240.OoO. The
Richmond. Fredericksburg and Potomac
railroad Company makes its usual nay
mont 10 shareholders. as does the Vir-
GINA Railway and Power Coslpauy on
It's preferred stock