New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-06-15
Wall Street Drive Includes
Every Exchange House
in United States
Dividends to Help
Neutrality-suspicious. Concern
Disburses S565,OOO for
Patriotic Service

Wall Street laid plans yesterday for
a concerted drive in the campaign 20
raise the S1O0,0OO,O0O Red Cross Fund.
While numerous large corporations
were announcing extra dividends to
stockholders on behalf of the Red
Cross, the Stock Exchange arranged to
take an active part In the campaign,
and an effort will be made to get every
Stock Exchange brokerage house in the
United States 70 contribute to the fund.
John W. Prentiss. president of the
Association OF Stock Exchange Firms,
sent out a letter last night soliciting
the cooperation of prominent brokers
in all cities where there are stock ex-
changes or associations of stock ex-
change members. Attention was called
to the following resolution adopted
yesterday by the governing committee
Of the New York Stock Exchanges:
Be it resolved, By the Governing Com
mittee Of the New York Stock Exchange.
That the patriotic action taken by num-
Der of Stock Exchange members and firms
in volunteering TO donate 20 the American
Red Cross as large a contribution as each
can Individually afford during the Red
Cross Week, June Is 10 %. both inclusive.
be and is hereby heartily approved and in
dorsed.
Be it further resolved. That copy Of
these resolutions be mailed TO the Pres-
dent Of the United States. 70 each mem
Der OF the War Council of the American
Red Cross and 20 every member OF tive
New YORK Stock Exchange.
Two Campaign Committees
The Stock Exchange campaign is TO
be conducted by two committees, one
appointed by the president Of the eX-
change and the other by the Associa-
tiOn Of Firms Many houses, it is
stated, are preparing to donate 20 the
Red Cross part or all OF the money re-
ceived by them in the ordinary course
of business next week.
The following New York Stock Ex-
change houses have already agreed TO
support the movement: Domnick &
Dominick, Post & Flagg, J. p. Morgan
& Co.. f. b. Kcech & Co., J. & w.
Seligman. Hornblower & Weeks, De-
Coppet & Doremus. Clark, Dodge <
Co.. Herrick, Berg & Co., w. W. Lam
ahan & Co., Baltimore; E. T. Hutton
& Co.. Harris, Winthrop & Co., Eugene
| Meyer, jr. & Co: Montgomery, Cloth
/ Ter g. Tyler, Kissel, Kinnicutt Co.,
White, Weld & Co., Clark, Childs &
/ Co.. J. s. Bache e. Co., Shearson. Ham
mill & Co., Kuhn, Loeb & Co., Knauth,
/ Nachod & Kunne, Millet, Rose & Hag-
en-, Boisseyain & Co, McClave & Co.,
/ Babcock Rushton g. Co., Swartwout &
! Appenzellar.
The Kennecott Copper Corporation,
/ a Morgan Guggenheim property, de-
clared dividend of 20 cents share
Yesterday, calling for the disburse-
ment to stockholders of S565,000, and
forms will be sent to the shareholders
to be filled out authorizing the pay
ment of the dividend to the American
Red Cross Fund.
Other Special Dividends
The Gulf States Steel Corporation
I declared a special Red Cross dividend
of per cent to common stockholders
payable July 2. This amounts to
! S73,5S0.
The Atlas Powder Company has de-
clared special Red Cross dividend OF
J per cent on the common stock payable
June 10, calling for a disbursement OF
$4,000.
A special Red Cross dividend Of l
per cent, amounting to $1,000, has
been declared by the directors Of the
Hercules Powder Company, payable
June %.
William r. Thompson, mine owner
and operator. and a director Of the
Federal Reserve Bank, will give $3.50,
o00 10 the Red Cross war fund, Seward
Prosser. chairman Of the executive
committee of the War Finance Com
mittee. announced yesterday. Mr.
/ Thompson is captain OF one Of the
thirty Red Cross teams which will col
lect New Yorks contributions to the