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ffME MHJET. LOAN Stockholders Ratify Directors' Agreement with Bankers. BOARD VACANCIES FILLED gbonts s Income Account Shows peficit of $182,801?Traction Situation Changes. Robert I Jenks, Charles B. Ludloa H Leon P( : perman ?a 0f the Interborough-Metropolltan Con to (111 toag existing "acune-?es on th?- Ix.anl H the ann'.i.il meeting of the stock?. <?.( the company, held at No. 16.". Broadway jeeterdav Th? other retiring ?In ?re rs-eli ?fhe itockholdera ratified the action of th? dire- toi lOf into an -rjth Hsllffart'-n & Co. for a loan not to exceed t ?? 000 for two years at G pe? ftnt. U fl ' "sment of t? !?" ? shar* oi ny'a hoMine;s of Met -opol-.i - Railway stock, ns provid? er! under tht t? mis of the reorfranlzation of the latter corporation. The rs also approved a t ? f-olution to chang" the date of the annual meeting from the third Tueisday in January to the j third Tuesday In September. Theodor. ]? Bhoats, president of the com? pany. In hli remarks :?? the stockh aald that owing to th.- reorganisation and tale of tin IfetropoUtaa Street Rails Deoemher 2:? It had been Impossible for the j boMlng Company, the Interborouph-.o- t? ropolltan. to prepare an Intelllgenl balance iheet for the "-.ar ended December H, an.', instead lu submitted an Income account for t&e flfca: year ended June 10. This showed a deficit of Jl&i.SOl, compared with ? pit? of 165.000 In the preceding year. Mi. Shoi.ts said that It was the opinion et the company's n. that the Ns* York City Railways, the successor of the Metropolitan Railway system, would be IN? to earn about j:,&0".OXi net during the firtt year , : -. :.* operation. He added that |e expected th? re would he a considerable torreas?' In trafile on the i irfaes aajtlcularl* ahort-haul tra:' count of th? conjrestion in other transportation Une? of the city, due to delay in rapid tran? kt construction. As an Indtcatloi ..-tion lituatlon was changing ? Mr fhont.- p??in'"i out that there ifiti stockholders who di.l nol ?_? I the reorganisation terms ol ths lletr tan Street Railway. >askln| I to participate and pay then $:. ?Mat Th? ? ? rmittoJ m do - said, but added th,.; matters n wade It utterly Impossible for the I: borough-M? trop III ac<"?_nts for at lea-", six months. As ; sow ?stood, M: - ougr.-M? tropolll ? , of the Nff" . ..f the cham ? be company, Mr. Shot I *t It was made becausi of thi requirements of the New York I I ;?:.<_<? sad the Laad? n .- ? . nilfht la:. : that annual r. t to i eaehangas da? - t.- fon ? ? annual ?met Regarding ti e loai, mads to the company ? Mr Shonts expl ibly would ? ri?-.rough-Metropolitan to call upon, Ualli-artei. ce Co. to furnish more than P.? ? ?' this loai . as the bonds th -.? ian> ?ill receive under the Metro |oli:.i reorganisation plan had ah ?ten sold to the bankers, and this amount lad '? ?! from th? TOPICS OF THE STREET. roi'.i:??"-s TRADING - F ?fre nol a tlve factors in the lora! ?aril?: I ?.ward of 4,000 shares, a on ? '? chiefly or ? fer sMi blYIl'i'NKS MSpSl mpi foi lyable "isu_r Bl?"g ?Agolar quarterly 1%? per cent on th?- pr?? tend, payable February 1. The Consolida? te Coal Company regular quarter, serrent. ai.?l l1 ? per cent on the lubacrlp tion r- ? stock carrying dlTl SecUrid after Januar? both pay? able Januai ?COPPER PRK Cnlted M lelllr.**. Ai e ?_? on a 14\c has:.- Ph*Ip8, IMXIgl I ??"? temix.rarn. to London of approximately ?2 10s, from the year's high held back ?umsrs i.. ?? and little I- I ? spei t'"1 ?Util the standard ."arrant.- mniic-' abroad ejlt?ets do?. I took l abroad of ?bout '" tons for the first two w< ?f* rear l? a sti ment In ?.< Uw recent l..-av whlcii it thought ml?ht n ? ?rm,- ? ktlon of surplus NEW York .'I'NTRAI. - FOR HARLKM .?To? . York Central * Hua-...: Rivei Railroad t'ompan> ??if: ' thorlty ?"iven by t...- I'tihli nee Comn Y..rk, ^^Bf* to th" New ?ors. 4. Haiieiu Railroad Compai g5 for '?. >har?- of tn<- p.;r val ?? Stork pi - ? for transfer **T be delivered ?wnpaiiy. j p Morgan ? c, . who upon ?*?cti delivery will n,ak?- payment thi DEPOSITS OF WABAKII RONDS.-The ?jultabi. Trust i ?at aufflcifnt Wa'.ahb refunding and ex r__tr,f*_* 4 *"r '?'' ' ,)nds h*v*1 l,,'"n '''" poaiteo with the ;iv. commit ?? to insure t., ii th.- conti ?1 of th? I ?nUatlon of tl nugh it is ?I a??jerted thnt the ?i.iiini.'i.-.- ? * "?JOrit: ? tandil.?," boi WTERNATIO.VAL MARVli.Sl wiftions hav? : ,)?. entire t?" ' *? ' " in* wrnational Harvester notes. Th.- all? W v'^'000 t0 {'bicixu<, and t ? euro ?ork. J I- M??rsan _ Co took sub ? U* Isr.e waf h OPTR%iAv_lF?HATION' IN'-RKASING SrION,8"Tl" K?.1' Putting into blast two fur l^'h,Ki'-v? been idle foi s.rn- time fcaCi^"f5r?2?\S since lan.i.V, i .Vi put ?tit" operation KNTL-RLS Larga I iclfl. P u.l "?' isadmi?'bi,",&a ?V" t,,i'' i York ' taVMi 'n," HBBB |SKf^?jE__? """,""a COLLATERAL TRU8T"~N0TE?5 [?wsfet. by PWtgaoat _? ApaaMoamlrZ 44 ?'reet.; * " ?' _m ? Uva I, y lui? jo,, S? W??? 4.?5 ! q^ a Ano-, s ',. Me-1""?u S$ ?; ? . 22 : fe^v ,yAW"? ?tu h a ?,,, r, i?, a *: ? ,? ?<?k<S,TK I * B.OO ?S?_-*?ii?i w-' i'-J ?LAJA ?feiSS k?sv, it?)_-'_t ri-n\, T, pc, ? tt T *_ ?* H 4? ?c ,*?,'.; ' v *>* < * P r basis a*,' ! t '? '"4M is? ' '' ' ''"? '-"":. I? '.?? ?___,2yr*",??c"'jJu^' ???????? i??! Mm 4 0*. -__? AU., 1.1 ? .?. s?1Y C0MPANIE6. ?R?.u? ???? ? 1?_ m BW.Aakee. PiH?* O Sa ?? ?P* M?h S 234 it. S?. 37 I J Ut ?5a..l?Uii'u ,.1o tK>M?.... ?0 T0 HT 4 F. R. -/* *^** Imon ir.r.y.. .1 2S Ut H.. M a. i *-t? Ut 8a... 07 500 ?XP0R7i^MiRC???NDI6E. Laftfc tt?-t__iiJi ?...-"-.TI'' ?H.774.?A7 "**- *W4?a*? *U_^_i MjiSfil CONSOLIDATED EXCHANGE. Bxcff?ta ?""??tlon on the CoBf?U?Ut??l coalan th-?!!__,ocu??d "P"" ,llf' anthracite and I^hiebug,,.,n'" ''?? talned r,T, i*?.al?5v<* xh* tv>i- quotations at Th# Bh?m ffi___*! Yf,rk i '??inK", Plainly l? tKf?_ ?n *f*??O V-1;'' nervoua __# ?_* -W-aflng* l I initial K?&otV ,SV ''I Hr with ? r?!1 l?" boftrd "f ?:i?tPlv tiH.r,.,f, Kh ,,n" T "u""* It)'- other r.v ,ft"r ,,f 'tiK.i m ?>, ?.' lm,,-r" ol !s-v* only ;* snillH ? btut^nv'S2Ih5nd! \T,a; hundred Phare? a? M at , . v* v .The upward n Pi m "Lat,*""'h"1 '?>? he?*'' "??lin*-, that atr?? ?.*_*** nion' tl.an 1.000 lh , \-T v *OTK 8t?cl ' hiK>' V. o,.'., u* r?'?'"^ circul?t??! r. tor the movement ' g. and also predlctlong thai ??_? "7> atrlke take place, great -AotOd aocru, to tl.mpanles on ..It nrlvane-erl ?ri<-o- of th? follow- '"' ",; ' ' "'""s STOCKS. niai. Lai ? i , ?:" -7 37 87 .".7 ." Am < 'a:i . ] ) t, |2 H '" ? S2*?i -?;, I y. ..Clothe. ?V\ 1 108 105? 105 105V. ?TH " 104 ' MM 7v 11" <'.m Pi ? ? ??a] 4 > . ? ?-" '? Mil \ st p. ...107H I0S>4 107 . 108>? i ?_??'-?? ?" ' ? .v i :?? 141 . 143 V? Ulli in. .. l?i in -c. .si si V? ant, I .. BS BS 5*2 WOO! Vortl ? rn pr..]*S l-j;-., 14" Intcr-1 ..17 17 so m ;,n .-,4 .-.4 IS Vi imt? 80 Mo K ? 30 ? lOOS l(T* >, WON 107"., '-'" Ni -.!>?? 1-.i\ 19% B |0B 198 100 1'ti 20 Ni ? I fit - 2 i Pi lu l 22.420 Ri . iMtr? 11" ?7*. 186% 181 IBS 401 . I' P Stoe! ,......? *-" I'tah Copper 140 Western t'n MINING. Ulanta.1? 1? I* I" IS .10 .11' .18 MM Con Virginia 7"" El Pas T4 7-. 74 BH .83 .3". .?"" lui bo T*xl '.'-' '-?-' 83 S3 ?0H Mei .4 1' 4 !" 4 1" 4.1" .'??' M.dwav . ? Montana .. 1.08 ' ? 1 .2'i Tl 71 ,74 71 INTERBOROUGH-METROPOLITAN. tat! m?nt of the ; ..roiie'h-M?*tr.ir>^Htnn Company, cov? eting th?-* y. .. compar? ? ? 31, 1910, ai ' li ? ;pt? ii.i" .... ? ?. < -?"*?? 1W ? - . ? | ! DIBBCRSEaiE! ? ? not'-a 7.0*"7 ? ?-? ? ? ? - ? ?. ? lis: ? rplui . >*74 ::ni : 8001.50 end In ren?lerln?r a report for the ? June,' ?Bh-Met ro)...],i..; ble tu maki ? ? :.ort duplli ? have already been ? ? ? MONEY AND EXCHANGE. MONEY MARKET] wan Dt f.-r Fou i n , - M< t ? int in ? f brnk? r*- .per ?v and nli I ?<i rdx m..! ? ? FOREIGN EXCHAIS ? irai ??? I ... I ?-t In the afti rnoon, ? ? f i *I4 ..iiii ahortn mark? f.r. pli I tea 1 ? I>etnand ? *-. 4 ? ' ? DOMESTIC HXCHAN'GE?Boaton, par; Cblcai dlacount, bank $i pi Louli ? nt premtun Km- :.'.:. I. i--r.it.), 7 l-, \ N K CLEARINGS Sea York chantres S4?C,l*?.4*M, ha ? ' igo, exchang? s M2.636.244, ).. hange? |7 :- a 77 BILVER M iRKET.?Ctmim? r-clal bar all Iverr dollara. !7 Mnr ? In London <?!".- lit" ,D PREMIUM - In Madrid, T.Mj Lia MEXICAN BXCHANG1 n ex? change "t. New !!2 CHICAGO GRAIN AND PROVISIONS. rle that * "UNI 1 ? U*-1 ?.-lira th?- ? lay ?r-raad Dp a' a >trong Intereata took all ? r. (In ?? gain "r y**atei Hi ? ? I ? . ' ? I ' Oat?: ; 4'- 40 ?8 4*1'. 41 . 4?' 4" , 4" 4 4?l'4 .. SB3 8 SB '-.vi ' - !. SS 8 ?'?'? 8 S? s w, s TB <* *-> 8 77 July lafj i?-,."." le*33 ISSn IB BO .- - : 16 42 I? IC FOREIGN MARKETS. ?.' ? . : N<. '.'?. Ta 1" NI ' 7? 4*-?d Jul * ? . ??fadv Januar I l/il'R ,|1' In I/on'.:; U??I2 ?thT Vitra l-(llli " ' ,. ?ri. HAMS rtbort eut, ?? i un.? ?rlari : cut, 4?? UM 06 ,.!,.dr ??.; les 4*>? I. . !.. . ? ? : I4I?M. IInlT. 4Ms hea\ r 47i ? clear bm I. BHi'nri ' ? Worn ^7 Id; American r't.n?!?l, paU?, 47 . .inadlari nncst white :u. .'12. Till ??pirita, :<7h ROSIN Comn ? ' Oil i"s ??'i TAI_?0~ Auatrallan, in i. -. ..n.-i;i.i> mi. Hull f l:v\V St-i-AK .'.n?rim?.l. 14a I?: ?? Ug Id. Blffl?T -< . MNHWKD C.ItU Ajrll 4EEI) OIL. *?? ri! -! KOL.E1 M ala i?>??,i. nj?MW Amaritm* ?traii?t-d. I7.*i :i.i. _ FOREIGN GOVERNMENT AND MU? NICIPAL BONDS. (Furnished by zim'?'""'1'",* f**Mmt. ??a* y Ml.l Akke'1 R... ernmenl SH?. JJ eni :('. ,? Pru?alai. <-<?i?ol. 4e ?. ?averian governmeni *?. 'V i***??.!.. .sin ?rntuent ??. "' * W C^Vot Benin 4e.lg? ? ' .2"^ 'IT4 . : ? . ? -.. i I.u?aia? government 4>-. ??? ^?? t'flisijiS "ill i *"* -."" * "'**4. HE MARKETS TOTAL DOMESTIC RECEIPTS. New Tork, January lfl. 1012. Butter, tubs .... 10,727. ?all, bush. 3,000 ?oosea... HI Oats, bush. 6A.r_*. , ases. 7.0K4 Oatmeal, Ibis.... |0S .'.'.<*?"1 Oilcake, aacks.... MM 1,150 Htraw. tons. 1<? Cotton ",423 Wheat, bush. 3B,n<*> istie, bales ?? ?HO Mlllfeed, tons.... IV? Mohair ; rjn ?'' Copper, bera 2.423 ">\ooi, balea .... ?_ tmiA, siga. i.i-*> do, sacks. '" Croie turp'e, bbls M ji.;.. T/.--*? llosin, bbls. 1.7?B Peana (d'd), ?ka. US? Rosin oil, this... ?V? D'd fruit p?kga.. 2.?-'l"? *"t?ir tui-p*e, bbls. UN l?'.l prunes (Call, ?aeon, pkes. 100 . 718 Tut meats, pkgs (Cal), b? 83? Orease, pk?.s. I Onions bbla B.400Hama, plots. ft," .Cali, bxs 3.530 Lard, tea . 1.C.72 do ?Fla?, bxs.. 7.4'?? Jo, kens. ?'..?,-?' ?Stearii ? ? ? M "! ' . Tallow, pk*?. Hs" lei . 8T8 Rrooin corn, bis . MS ? '" Hiles, hales. IS 2.825 do, Mis. 1.27". I040B ("ot's'-l oil, bbls 4,'m'i : ?.?25 I.ul'R ol!, bbls... 2601 Ml, neks. 2,107 Oleo oil, trs. l'?> Klav,, . ?.000 -Mi!!? bbla .... .'.2 bbls . 10.880 Tobacco, pkaa. . ?'.*? .1..-.??; Whlakey, bbla..,. 114 - . |sl Win- i' ai.. I I.Is 1080 Hey, tOUl 41" EXPORTS. Wheat bual . . I4? '-'"" Beet bbls 64.680 f?a on, lb 172.--" 3.17? Hani?. Ifa. 80,000 I ?_ 303 iJir). It .... 74 !?.*<? t noe Ch-eaai. !t,.!,7n.."" v ??4.". Butter, th. 18,400 -.,!, bbla, 41" Cheese, lb. *.th) 10 3?0 Lai I ... fais. .. .4" : oil, (tnls .21".4??? (?rass eeet, bits 11 Lub'g ?,!.. fila.. BO7.700 Oilcake, ti ...8.858,000 ? tton, balea. 1101 CASH QUOTATIONS. l: ["allow, prime... ? 2 red l 004 i'.?rk. me?. . 17 -*. Ho*e. .r i ifio n 68 iiLai *t Wi il ?' 1" b afloat GENERAL MARKET REPORT. Kin* York. Janunrv lfl. Itll (.RA1\ ivm: \t -."ii- ? an I subject to Buctuat one within n narrow ranif?. Tli. rr ? ? on? at the openlni lin? to n:'iiM'-ss at roa.i The Northwwtern ? . ink?- a bullish \ lee i ntnlng -i- - lln? in fn la Minneapolis il?-, in.e?! ov. r 1? ? seiiiiiK in other mai MUli .'?t?.! ? rr- Hid to ' ?vers at tin ? ' the Northwest, n ? : inn lote In th? aged - ? up, ami at i the mai - ? adTance , The ? ... Sus? ? ., coniparr.l with 11" Bradatreet'a world's in Increai lahela, with .- ? - if 4.182.1 was l ?... -...7..."" No - r??il here. 0814c elev? tor, ?? tiaall ami }l Of.'., t o b af1....t; No i Northern Duluth, fi ?i?"4 r o i. at*l<??t. - iosIiik firm at a net n. ??????. \ (?.IM., showed mpared with an ?? 000 Export ? Vo: k < t f t?. an iv.-. an-t 1. n^w h??rc. f S b a!" .1 OATS Pirm. With Mali' " IHK 1\ , .,- ? ? tlnued ? - With r d<- ? ? <-ar of 4.?\?l rxi.. oats Arm atendard white, 88%c In elevatoi \o? n and i :..'.'?. n?furt.i and RTE Siea. . V. 2, ?1 t:?.mln?l, elf}?' irrlv.? BARM . maltinc f 1 .7 .i f 1 88 : I M t" TOUS ii:i( i - Tester Open His. t-M ("los- day. $1 (?AA 81 fO\ f l O.iy?, f 1 03? |1 (>,.', July ,.. - iNTiHioK niinrm. ? . .... .... .. ?-?? S27 - 137.000 881 800 811 000 >i IBOABD ? I i \h\m l - ? ? .?.. ;.7.i??.. Last >?*- ... .,... aft.OOO ( ni i i I ? the ?iivsii ? i lost ut.!'? renewed asiiinr ?? ' aubsiantis. s tap?n from bulla. I ranee, ?ii lost most of tip tic rains n.a.l? on i Monday Havre at the eleea ?bowed a net lose I ' . fra i. with sal?-a ..f ? 80,000 haa-a, and in Hamburg ther? was a rt?- I . ne <-rd-r>> hare In s if- > olume t>. ami th?.??. : mneee, \ ?unseating an effort en th? pan ? - ? . ?cet r?-? ?ris . i natiot ? ? I the usual w lib IUS7 ? ?? . ,1 a .iJ-.-lii ? u i?!.!?., slid Sam..? \x?f 100 ? . v. nils the e;. ??. but was Nteao ? st 14o i ij ?*n. lltrh I...? ? ;????? .??y 1. 4'? . . 4. |2 ??I 1282 12.62 12T.2 ? ?'? I.?I 1X40 1.4 1 ...... . ?? . . - I. .?? 12 ?-''. 1. -'''^11- 27 12 20 12.82 I. 8. . 12 M - 12.83 1-4.? liai 12.52 i_ .: i. -j: ? ?. i - 1.4*. COTTONSKK1) (ill Pirmai man of the dfiy. with llsht offorinirs of crud? fr I i.y reflnere Near t ? ? ?-va? mor.) sHUr.* s w#r> .,- i t.. :i polnti nei low. i i. : l?-es V . ? " - ? Opening, lllah 1. da) .-. . ? no r, ?j .- i ? 1.1 r. 4?i r? 420r, ?:. f. so . -. .m r. r.i -. -. ? March -. fin - ??-. r, n* M .lun*.... .'. ?'?'. ??? ?'. rn r, ??., r,.7r, | 77 r, 7" 8.781 I TI I 77 i lm it AM? mi m th buy era Indifferent, Mprlns patenta |8SO#86 70 !Khts, 14 28fl ?4 -i -,..t??nt? ?4 4."",-S4 Mi, spring eleara, II 80(i 84 85 ?xtra No 1 winter, ?18 80083 SO .v., No . wlnt. |3 709|8M; Ifsneaa Btralfhts, I4 70HM86: 11 4*. *T$1 fl.'. ItTB Pi,'?I'M Firm fuir t., i. 14 T0OS4 00 <hoi<- ? fancy, 11 f*:. i ?.*.-.?" Bl?("KWl Kl.? ?I"It Ht? |3 7.. |2 ?>?i p. i :? CORNMK \; ? ?'.' RAO MKAI. fine white ?tul yellow, |i r.? ?,> Si 88; ? ?1 80 FEED " rtns, 128 .r. ? .1 t-llinc, $'.'7 (??? flour ?i". $11 .'.". | . ? mlddliOf 12780(9831 red dog, 18160 ? hop, $'"'? bulk, |S0 I |4(i COTTON N.M.ius nt.d lrre__lar. and whl!? iradlns w.'?s (airly m-ti\? cloelne i ? ? ? . I ? ???? thi i ? ' ! ? i .- 1 p?. nts higher t.. 1 pom. lower. Thf Hud ton? x,-. on coverlns and a little fresh buytns Inapir?d by more favorable late advices dim Lin? iishii. and u sene?j*ally steady showinr of Sont hi rae i k. ts ti- marke) declina ??: -"..?'. pointa In reeponas ? ? Liverpool eabliM, end In eari*.- tra'luc actl\.- ii.oiithr s??l'l shout 7 W s potntl iitidT t!? * laat ntr!.t Lit .-rp?...! m?t ??rlenns houses were aellera b??re. Soutl ern spot markets vi-.r?- >,.- lilirlier t?> '.. lowei; ? Ye??er iluth Low Cleei januai '?' -' ': 82 '? 2. '? 31 ?rfl 32 I? -i 0 27 I? 82 !? 27 :?:..?-? ? 1" i? M !' '". !? 48490 44 li ?:: April . i?4?f,' . . .0.S7 0 ?2 **?!>> t'.'7'il? M !i M . ?.. IV.'Vitl ?4 Il.ll ... 0 *.', P 72 0 0" I? ?miilMH? h HS "...?,,., --7 0.71 f??7 t?r,m/o7n fi ft!? ?.?IT 1? 7"! 1? ?7 fi 72'fl(i 74 fc.71 07,; 0H2 "71 I? s,,,?, ?1 ?. 7(1 ..,?,., , ?? sL? B sj ,, Si; (, S?t,;, Mt 1. s| ?K! OW ??-? 0.8S?|)87 l> ?, - ,pj|et and 10 petola hltl.sr. at tiiWV^ f... :a?,|; j - ?- ' ? ? ,,,,,,,, ????- v,,,?rnl.ci I?e?-eint>~i- anrl .... . lary. 6.80.1. ber January, r^z ,- the ?' OWO?1?'- reflnsd PtatAy, ?Uv 1 ."ontlnetit. 0.00c; Tira A"",i 4V ?.rnound. (l\ fj : rll. !-*?i,__rau-rai?Hc: elty lard, i<>1.'?-' MKI kVt i,'? March. April and May. 1-nur.rv ' ,,.? ,,,,.,, ,p?t, CO". ?3s M: 14.'-o ?. M arrival?. 77.', tons; *?l?orts. futures, ?0.1 ?? 5". |h)g ,_?,,,!, |Bll ,.. ?.,1 tons ???: ' ? , tl(. i4M,inr, ??."]':?*? "SC' V.v? -Eaav; si 11 '" "''' .oo-,?4:t.' Febru?r>. 41 .,*.- ? .1,. is.?, *2-..?* A ? ?o.t?*f4137Hc; '' " '....i (1*0. "i u r?-?. ?1H?i '???? t.on.l- fie N.w York. 4.3J>0 '-1' '?'? ''"'',' , ?m- i.'-'io" tie ioe *? ,:'"'. ?* i ?n?1 ?????'<? N*?* V"rk- ' -".' fi rookaon'a. 7.60c. IIW >N?<"\;- 1 Safe Deposit Vaults The fire and burglar proof vaults of this company, located at the street level, are thoroughly equipped to give protection to securities and valuables of all kinds. Boxes rent from $5.00 to $300.00 per year. Guaranty Safe Deposit Co. Fifth Avenue 6 43rd Street itMitrnnrf throngh FIFTH ?TBHUI BRA>TH OF GrARAVTY TRIST COHPAHT (IF \FW YORK) oui.t. Ko 1 foun.lrv Nofthain, $14 7V8815: No ?, S14 .'?.??JI14 7.'.. .N- 1 .- Utbetn and ?uft, 'lir.*. il 11 4 73 MOLAMOM AM? STSWTtS?WIth mod 'fi.nnKH ..f unrapa tha ?artet bald ataad? tn tlrm. rnola*.??? gteady, with a. go'-d jobbing b naine? OILS l.Ina-eil unrhunir'-1. Iteflne?I pefro ..- i. ?-? ii- | - 1(11 1 bii?ine?a ?t ?Il i".inta l'an Ta - tele? graph? Loulelan i Orli an? ?a?ka .,?? > [y :.? | . . *?l I. \K . I till ? One granula! Hiera u Tonki r? owed don :. o? Ing to Inabllll r?? ?uxar .. . 11. ? : r doch .-f the cloalng o: r. Lut llrm, with eentrlfux.il !"'. ? 3.04i i lain. ! ha?la 8*1 ti ? and fr.-i?! here, ? ad aomi ' 'ubaa lai.. f .. i ? |ual ta tl I t i i f Lon 3d hig Bl 15? 4'.m an.! Ma? : augar lu tii- t'nlted KI i Thi t.- are 130 / tindlng in - 'uIih. ?gainai -,. ? k and 127 laal ? ? ht r? t tb? ?ix poi?? ara 82.000 ?I 10.000 Inat veek and 80,00 ? al] torta 4".. j:?..i and ex] ta igalnst ?.. ?nd 24. and Mata, igalnat 2i.' and 1 l.OOfi NAVAL HTORC8 Spirit? tarpentlna firmer. inchang??] Tar ateady n :im 25c lo? mon ? wer- at.nut 1<V lower SU UPEN TINE, m.i. I \ R |fl !.. ? 11 i : ." i and O 5.45e n T.?M ? HIM P with trimer? looking for "? rlriK? mod?r?t-, hk r LEATHER rirm, arltli ?--rie kind? ? llgthi ?upplii i * for h ? c l?KI'?.- Iirm. with ?? lll?rnl .lema . ?tapie? I i- .?d lol)blni{ ?lem.ind at full ] :inrket Mr:; I and tb? r> goo Ini COUNTRY PRODUCE NARKETS. Jaaaarj l< in \n- \Mi li. \*> | : the weetr. ?_'u. r.4 export?, 1.4" : ? ana ? , meni ??;. all leading t beam ata ? forward i ? . . rat? '.. t!;*? nrmneaa. M . ne firm ?t $4 ? the ton ftgore in a J ... It ? ? . I.?t. ?ale? ..f pea at ' ? y a? % . .". i i y are' tern,?, Jobbing tr., kidney in light . ? call **. :-.t.out h i:ir-. feu day . bul Improved toward th. rlr?ee, and tl.. rm l? g Slapoaltloa to a?. I - dr.?? ted green haie declined If r lallt) ? , <? ? M ?. ? . - 14 4"Qf4 45. ( 14 ? ? red kMi ? ' S a ? ?hole?, fu >eii.,?v rye. ?hoir?, t? 25*/ 84 ?0 ? |l \ \". green. Imported, c ' ? I 14 7* III II I.K . I| U fol the ?".. paa?. i-?t *???* 1.114, ??ii.ir-? ? ' 4-.' I- other ... ' tie? T?l*. Marke? ? ?> ?n delay In ? ? k foi ?ml ?t tin i < rerilinr ? trade* -? ?. - i . i I . ? ? 18 I ) v ,.? - ??.?ola!?, bul othei i.-r ' ' w here centralll ? tatouai lut? going '?? higher, and ? of flrate. g| SO ' B? ? ..n!? quit : Exportera hai : ?I and In IikM ?ui>|.h Oreamei ?ule. 11. 4'J ?Via?. 4?. ?- ?>* 41 ? Oral?, I] - ' - , I I ?? ?p. packing ?to k hi . , < III I -? ? \| .:t? :., ? . |; | 818 'I he market i . ? ? i .. ne?? l? ?till rnoderaii Hlgheol grada whole milk llalH reach I7c, and not i ? ? and eat Hi ? '? '? ? irller. ?nil .Hid e?rll. t.* ! ? . Wa, \ :'? tW8*iii ? hoi e, 12 . ' . tin le?. nominal, 7 i " K???.- i caeea. ? and ? ,-nn rraa^Lria receipt? !?>? outlook I? ?tr't k. with proepecta <>' later inftoated ?to t? held firmly -l <*a? ?hat f. rm n largl ]?<:? I ' lb? weak en? the mar*?-? f..i graden In ?v)1| | i- iie.is' i. -i K< * i ?treag at extra Drat?. V-tt'I??-: nial I K'qta ??-..? X dlrtle? . . . .- . B, . refrli ' IiiHik- 2* *?' I -' '- , . ?t?te. ! neu laid. 4" ?nth I Kl II.*? "i: IK.. Ri ?? Ipt? for il.? week, . 81.855 i , dried lea quiet. Up to car lot?. t'i" mirket ha? ?Il n, ?ni m S i* full, ?iih "'*?' i ' ;" nearly ror cholo? In rai ? firm u|. to and .i.iote.i ?? ?fl-.i for Jahuary, prime, f I ? ? deliver i run- f o b. and f ? ? ?., .ie rtri.n?. futui ? quiet at ?. .'u'.jU *.2 rer i"" n '-" January. U i ?e.i'i?. firm \\ < quota ?i th? vj 2.'. |.? i pm lb ??I'll 1 ? ' h Si ? R??pberr|ea hn\- ?tl | ene.l ?? and prime, If here, would bring f? Market Mtll ' *ll'?- APPL?K, ??I orated, taiu-v. r?rlot?. lb, I0kc; inbldtir ? Hi . lobbing ?ale?. 0*4tfl0 . prim? ? ?riot? -V 18 u',AT?1?.-' ?un dried, qua -i*?1? . ,,..[? i l.i.i?, 100 lb I me?tlc, 1260, i*a?adlati *? - **-' -'7 RASP liri.P.MN 11 H W .1 RI ', i'allfornl?i. Royala, UH017c; PBUOIBS uni.led, lO'.ft l,oxe?, U\ft 1 :'.. 100? t.. SOa, 5i It. I.oxe- | 1 lei ? l -? ' il Recelpla f"t the week. It.I? ??.| |e? und 247 Idl? and !?> -nit-? cranl>errte* vpiie^ j.l.Mv, bul more or le?a frozen working nut a! low and Irregular : quotation? remain ah-ral *>'* ?anie ?e before; fiuit would eornmaad above .lunted figure? I* heie Kleff-r jeu? plentv und ?leii.ly, but vlnr much iTanherrle. quiet, and **hlle holdere n?k full prl.e? feelln? I? weab 1 lorlda ??r??*tH-rrl-? In fuir ?uPl'lv and aelllnn TO to T5i for he?t Mi??l"'?rv down to - for ?mail Rseelalera Oranae? and grarientuil In j free ?upply. hut ,1,-manl limlt-l H'"1 Pineapple? nun f.? f'?n'"- ?1 ''>??' burg. >.rthetn bbl |S?S4: Kin?. BSSTSSTB; llut.har ??? 1280 Raldwln, %2 S.v.iM ''?'? Ben Davlj ! IS York Imperial. $1 75?*:i. 'IreenjMC. I2U* I -; common and t.??dlv froiet. $l*$i ??-. ?*?;,??;?*' tern I-??- $1083; PBAR? K'C2f?*.?i_"1, ?-??_? 13 80; baakel 40cfHt rnANBBSlRIEa. Can Cod. late bl 17--'.?n Kfrtv Waeb. I-P?' Ne? Tort?, crate. |2?|3 ?': J*?^ HoT?'?^_ IIOEO0SI1 avertlgc, ^MC*V2-, ^""? -al.*. |2?82 7.-i New Vork. S'.'JSnK.Vr t^ng ..?4 1?' ,,...', ....... .. .,- .,) t-? ivhan ???ge*)fl- P'orl'V,. ft *.'..*i?^ ??' Il W AMI HTIt\*' marke' v^rnrm'.'.l.rte baled Uniotlnh.v prime If hrre. would exceed quotation? ?_l_nuaue ?a?u?M baJea aolUo? ?omewbal better,, Low grades cleaning up. Hye straw very acaree. Hsv nmotby, lura? bales, No ;i to 1. ?_L?; ?1 l?-'u$l .'?ii. ihlpplng. $1. parking. 61 Ixed, iinht. $11608120; heavy, ?if li 2". pure, ii-iii 2" B'l RAW- -Long r>?-, O"*"?' ' mil's Kicelpta i .? the week, 1.144 bales. . ,.i Buyers lav- rarely shown anj dlapoell their purchases, and the market <li..<r>i. th-.ugh stocks firmly haid. i-t a few lots of California ind ??me ?? in Oregon up to 44'? 47.1 further contracta have : i"ji2 < - p. i.m rent tarn ?growers sr- willing thai pri? e. A few d bales of ????iiomaa have been cont foi on t!.,- t: ' ... * -!'' i*?*??? . . n placed in t?? I these tlg lM k ii in.irk. t uul.-t but tirni. 1011, prime to .-,... ? r. .*..-,i:.7-: m?sdlum to ? . ?,:. i i 1911, prime to liuiii t,, pro. ?? . '- . 1?10. ;er growths, Hermans, lull, la?. -,i$i jo. (.AMI . - o? l? m-, lerately actlv. '"it about stead] Dome tl ? tl bit i In ra ami tirm, but Invoices Indicate larger PHEASANTS l?ngllah, Jo-en, $18; (?KOI -' ?:?, PLOVER, black. f.:t ."?"?i/?4, rtena, $70$7 7.*,. ' _NI8< N 1 ./;;.*.. foreuuarters, 10c; whole I - ., f \ MBIT-, . ott? iital!. dornest! . ir i inc. pur. 28-31? - .lurkrabblts, 1'in IT t? ALI pta t?r the week, ni carloada by freight sad about 12 cars b\- ex - pre?s. Weather conditions ha\.- interfere,! with freight truffle, and most of the receipt? have ?!..?.I In transit. Home 271 carloads that laat week were carried on tra?k* un lera This ??'k opened with a stronger to Id'...- for Westen ota, an?l chickens to 14. ?- I a- tiie?.- iiitur'-H, though 2 ? .. ; to i? shaded t,. 16 Much of the ??? coming ban arrive,i In poor con with a heavy shrinkage, ? birds having been fi Uns wae ven r fe.-lint; develop d, with ? ut all tha? could ad upon for tied to a?k a shade bisher 1 urkeys he!i it | it, goo sad firm Ocese about steady. s-,1 guinea fowls unchanged. CHICKENS, expresa, Ih. 140144c; Western, ?iim?, ii- Southern, 14c; poor. ; . .-i freight, 18. po r to fair, l.'.*_<? ; ?Southern, aver? io- ; TURKBTH. mixed li'.'i'K.s. Western, ISo; KSE, W"j.s'srn. 12 eriL im- , Ul'lNEA POWLg, pair, ?JOc; 1"!H 20 I '.. pts this week 88. her- hHS been a BCarcity of etrl tly infrozen. ami euch hav? ruled decidedly the chickens, however, have r leJi coarse an-l s'nggy or hard fro'.n, an I freel) ottered ?? 14016c. latter *x ? ? Irregu ipona In | ?nd and blghei . - supply, and .-? . ? Freeh n RKK i led We.tern, dry . . large, is ? ..- ? common. '.. ? young 1 ? av?rai nneeeee and ? ? tome, drv pi ke i .\,, I, jsc; '*ll ? . .4 2?; 14 " ! lit; 1er. _>lc. . . 2- 4 It?. .'??-, It 17 tr? up i- 4 ? ... |5^C? . ? - ?- e- ted r?,.. l'r.nnajlvania. i i * " -"? f- ! br< llera, 2 11 ted. I4^il4;,.-; ? IBc; other ?eaten , _ n' ?'; M ' " fan-j ISOWSo M "' 4 to 4-, I? ' : 14 tr /en _;?i rtls.ol . spring.' Wla 17 . ohi?. and Michigan i>tc everag?. ?4 ? 185 25; .?a ik ? : i I n F : a FOWL* apring ? ? ?(>? . I?.I - \M. \| GETABLKft- R, ! '"r "'"? *? toca and 14 288 137 I igs itoes In light ? w is .lar.iag. Hweet B? nejirU all poor and of ?lue . Snn an! hl*her higher an > ? , , Norfolk i aie ni I sather, and . ? arrivals all f i .New ? - g?f>?rn ng delivered yeati ? lay ? lly froten. ? ? ? tl,ore than ,|ll???e,| |f ) , \ a ? ? ?ben and It-rum la ' ? ... crop No :. 1(14780 So. ? .-" m ISO R>. $.1 2.->?tM pean, If? " lereey, No I, |1 2S4?I$1 M, ARTICHOKE?, drui . *7fv? ANIME, i I . ?*.; Hi;: Hi ?CTS. laket. $1?$4; let I ? "i. r*-' ; ???. ? ' II 7*,. CAltlti waehed. bag. $1 21 ? ?l?i.?i S8 rati ?1 r.<?,iSi 7... I'W.HAHU- r'-.t ... I?. ? s 118?$ I ; ? ii.? !? -,. ?.-,,-.. rough raee, ?WU i ' ?i .->.; Cllici ?uv a-, i: - CAROLE, bhl $1(90 80 CAt'UrijOWERn, cas?-. ?. : ? i* ' .??? | I .'???? $2 '.'.*?. ? ?an, bos, Jif.12 K.M.; :.' ?t. KnHI.It.Ani, :??.. hunrhee, i"?i*4 II? ?!;-i:i: M.1?"H IO0 Th, |."l v.'14 no LIMA - hushsl i ? ? * basket, SO. 1*2 ca.s* $lfj$2 25 ONIONS, ("uhiin - ' 5 s-, old, whin I . ? ? hag, \e;iow. ?. r.'-iil.t: r? ? ?' ? red $3 80 OKBA, ! . - PKV 1 ?. I | $t i in, box. ti bo U ,,. si II ?? ? I'ATWNir * . ba-kef. -t-.4ii.inO; i-Aftsi.i:v. plain or > ? ?'. ilcat, |2; K<? i I -It !T,T.OT8 l<?' hun ? ? I BPIN \''H. II r$2 '" -? ' ? I? " l< W | marrow, fi :.?i.i*2 Klorida white, bog, ?2 ; r$2; veil?'?. $l',f$I 25; ... i ? 11 if II -. , -]i m ?: 112 78 ?ii'.ai,. Hui'.* baeket, $1012 WATERCRKUH, ion ' .. ?2?? M '" IIOTHIH ->K l'BOlM < |'?*_M?i?hrnonis falrtT plenty and ma?! goad outlet Cicuinbers [ewer. I tti, ?? m li^ht receipt, but (r??ner:<llv poor Mint r. it,-?, imd higher. It.?dishes firm f..r fin.-. Rhubarb I" larger supplv and lower ."UCt'MBERg, No I. doren. 73 ' i . , j-, , ii : ?"fi'i.T Boston, simp $2 MINT dogen l-i'i-h.? >;".i ?">-?: MfSH r.? ?OMS ?? hite, 4 lb beakel $1 $8?g ? " brown $1??1 50: buttons. BOi *f$1 RADIBHEfl, im? hunchee, $2 30 .?i TOMATOM, No I, lb, Kill IIAIIR dosen te. fini"if$1. Western, large hunch. 40 ?SOc NITS Kb koiv mils In llirht demand and ?. ,1, Hl-rk w.ilt.iifs and butternuts dull N.? domestic pennuta coming forward freely. HICKORY Nt'TB. bushel of 6" lb, St ii SI 7.0: H? 1.1.M "i'.-. 50 lb, 76c081; BLACK v.v VIT' 7*.. Tit'TT TH Nl'TS. 83 lb Ml PEANUTS Virginie, band picked, dumbo lb, , , ',, . xtrn 4?i 4 '?<? "dialled. Jumbi - I I Spanish ahelled, Ne I, ????H?' -N'" '-'? ? IIHNIN Quiet on extracted. without Oiang'e In values ."lover, extracted. lh. Ol? in. buckwheat, ii".i7. ."alifornla water whit? 11 ir" 11 amber 7*T7lJ,-; West , . on, 7." .i 7s, BRBftWAX \ uuotstlon of M#8m contln ,:,. t., ? ,.\er '?uslness In overage Me M\I*I.K *l OAR 8u*ar In light supply and p.,.,, ?Syrup ??' ?!:,blindant, anil It takes fancy quellt) and then In i small wav only, te outside ouotatlon .?r ?Me RuOAR, ??. Hfl u- S" iti'i*. gi Ho niNSI'M. Northern ?nd Kastern wild, lb. o ?:..utiierii. vlld. 84 .Mm*"?: cultivated. .,, ,,, ? '?olden Real, $1 53 I'I B* v" I. l'time. black bear. $""<*f$2_; euke and yearling*, |3 ??'". bsdcsr, MeOll; ?... ?? 12 i. beaver, .ant? 871T810; me dlum. 88<r$7; sm.ll nn.l kits. 81 WS4 .*,(?; Silver (ox $200?f $1.0041 cresa fo? 81?'? $40. red f??x. *::u*7 gray toe, II 2" ,.$2 IJaher, $8?825. wolf $130083 woi crine, $n??$?? lynx. $l..?**l $2-*?. ?Ill cat. *1 ? *". rival i lious. ,.,.?. in.i I8e; marten. | |2M. skunk :i.*.--,i?:i 2.*? racoon. 81?$.?. opoaeum. 8?Ts rabblte, le "*"lli $3 50? -- " inii..krii: "0: ,*.*?:. w.-as.-l 2.?1i7.1c ? LIVE8T0CK MARKET. New York. January 18. 1012 HKKVKM- ne,',.jPt?. M .srs. er 1.774 head. f... tha market Mo tradlnat. Veebn?. si.adv Hressril h'-ef tlrtn ?t a1,?: .',?'. Liverpool entile markeis lower ai 11 ',, ti 11 . dreSN. ?! weight. In ad-lltmn I?? '\f?*l.. . CJlf ?ssiilH. S?3 head. 216 on eale. Norfolk & Western Railway Company OFFICE OF SECRETARY AND ASSISTANT TREASURER. Ar?_de Building. Philadelphia. January 12th. 1912. To the Stockholdarg of the Norfolk and Western Railway Company: The financial provision heretofore made for addition? and betterroerxU to your Company's road and equipment has met your requirements to juno 30th, 1911. Since that date work has continuously progressed upon the branches and extensions and double track referred to In the last annual report, and upon nldina-s, yards and other facWttes In order to reimburse the Company's treasury for such expenditures made since June 30th, 1911. and to complete further additions and better? ments, Including 42 milrs of second track, ext?*nsiv" ?nlargements and Im? provements of yards, coal plan and other terminal facilities at Norfolk and I_mbert's l'oint, Va., and at Columbus, Ohio, and such additional pass? ing sidings, new bridges, equipment and other construction and Improve? ments as are required for the economical movement of the increasing traffic, the Board of Directeurs, pursuant to authority given by tbo Company's stock? holders October 13th, 1910, hereby offers to the holders of Adjustment Fre? ie-Ted Stuck and Common Stock the privilege of subscribing at par upon the terms and conditions hereinafter stated between February 27th and March 1st, 1912, both inclusive, (after which latter date the privilege will cease), for an amount of convertible four per cent, bonds expiai to twelve and one-half per cent. (1114%) of their respective l-.ril1ir.trs of the Company's stork as registered on its books at the cloae of business January 3lat, 1912. The bonds now offered will be issued under a trust indenture about to be executed between this Company and the Quantity Trust ?'onipany of New York as Trust?-.-. They will be payable Beptemh >? ist, 193:. and will bear interest from September l>t, 1912, at the rate of 4 per cent, per annum, payable semi-annually. Both principal and lntcr-st will be payable In gold cola of the United States ?if the present standard of weight and fineness without deduction for any tax or taxes which th? Railway Company may be r?-f|uired to pay or retain therefrom under any pr??.-? fit or future law of the Quitted States or of any State, County or Municipality therein. They may be issue?! as coupon bonds for $1,000 each and as reinsured bonds without coupons for $1.000 or $5,000 or any m?ltiplo of |5,M0 that may be authorised i>v the Board of Directors, Cotgpon bonds will be exchangeable for registered bonds and registered bonds for coupon bonds under su. h r?gulations as may be approved by the Board. The bonds wlil be convertible at the option of the holder at any time before September 1st, 1922, into paid up share? of the same par value of the Company's common stock So long as the dlvi dends on common stock are paid quarterly a bondholder converting his bonds during the last half of an interest period will be paid a sum equal to the dividend paid on a like amount of common stock for the first half of such Interest period. Tho bonds may he called by the Company for redemp? tion on any interest dav after September 1st, 1922, at one hundred and five per cent. ? 105-7?-) of their par value. Warrants will be issued February 9th. specifying the amount of bonda in respect of which the stockholder is entitled to a subecriptian privilege. "Subscription Warrants," entitling the holder to subscribe, as hereinafter stated, wll! be Issued for amounts of $100, or multiples thereof. "Fractional Warrants" will lie issued for fractions of $100; theeo will not entitle the bolder to subscribe, but if presented on or before March 1st. 1912, with other Fractional Warrants in an amount at-gregatitis at least $100 will be exchange? able for a Subscription Warrant for the proper amount and a now Fr-tctional Warrant for any fraction In excess thereof. Fractional Warrants desired by stockholders to complete multiples of $100, or fractional warrants which stockholders may desire to dispose of mu.-t lie *bought or sold In th??? market, as the Company will not sell or purchase them. Warrants will be mailed lo stockholders who hare filed permanent divi? dend orders, at the addresses named in such orders. If dividends are collected Iy banker** or others on powers of attorney or o?ur authority, Warrants will be sent to such authorized parties for delivery to th? stockholders, unless ether Instructions shall have been received. WB.rrar.ts not provided for as above may be obtained at this ofnci- not later than March 1st. 1912 On each Subscription Warrant for $100 or multiple thereof two forms are endorsed, viz:? (It A form of assignment to be executed bv a stockholder wishing to assign the privilege of subscription; (21 A form uf subscription to be executed ;,y the stockholder or his a^Hlsrneo at the time of paying the first Instalment hereinafter mentioned. On each Fractional Warrant a form of rtsslsim.-nt is on.lorsed. The privilege of subscription ia accorded only to holders of Subscription Warrants for $100 or multiple thereof, or to thei?- aaslfns under assignment executed upon the Warrants In th?? pr?*scribed form. Subscriptions mutt be made on the Subscription Warrants, which must !.*> surrend.trad and the lirst instalment of the subscription prie?, paid between Il'.-hr :ary :7th and March 1st. 1012. both Inclusive; otherwise warrante will become wholly void and of no value and the privilege of subscription will cease. Inasmuch as bonds will not be laaued in <!> nominations of less than $1.000, sub*'Tiber? for leas than $1.o*im will receive, as hereinafter provided, shares of common stock of $100 each to the amount of their sur-scrlptlons un'ess combined with other subscriptions to si-ctire whole bonds. The subscription price is the par amount subscribed for and Is payable in two equal instalments, as follows one-half, between February UTth and March 1st, 1912, both Inclusive and One-hnlf, between September Ird and S<-ptcml .-r ?*t* . !?12. both inclusive. l'or the lirst Instalment a "Subscription Receipt," transferable by de rj merely, win ) ?? laaued Payment in full may be made at th.? time of mibactiptlon, and ".".ill be noted on th-1 tare of th.- Subscription Receipt. FnlesH so paid the Anal instalment must be paid between s.pternber 3rd and Ith InduslYS All Subscription Receipts will be dated March ltjt, 1912, arid will bear Interest from that date to September l?t. 1912, at the rate of 4 p?-r cent per annum. Subscription Receipts v. Ill be issued in denominations of $100, $500, $1,000, I$r..O0O and ?10.4 All -Subscription Re.-eipts must be surrendered for cancellation between I September Ird and Ith, 1911, both inclusive, whereupon there will be at one? I ileliveraMe a bond of $1,000, bearing- Interest from September 1st. 1912. for en<-h 11,0-M of full-paid subscriptions, and. not later than Septemb4?r 13th, shares of common stock of $100 each, carrvinir dividends deHaned after Sep? tember 1st. 1112, for any excess amount of such full-paid subscriptions over the amount of bonds so deliverable or for subscriptions aggregating less than $i,(ion There win also be deliverable a check for 6 months' interest at 4 per cent, per annum <>n the fubseription receipts surrendered. Failure to pay th.* Second instalment when and as payable will operate as a forfeiture of all rights In reap act of tho subscription and of the irbstal ment previously paid. Subscriptions and payments must be made either at the office of the Company. Arcade Building1. Philadelphia, or at the office of the Ouaranty Trust i'onipany of Sam York. II Naaaatl Street, New York City. Payments mus? i-c mad? in cash or by certified shock by Philadelphia or New York subscribers, or in cash <>r Philadelphia or New York exchange by other sub ?Orlbera, and cheoks and ?Irafts must be drawn to tho order of the Norfolk and Weetern Railway Company or of the (.?uaranty Trust Company of New Vork according to the place of payment. a stockholder wtahlng to s-ibscrlbe for a portion of the amount covered by a Subscription Warrant and to dispose of the remainder, or wishing to dispose 'if a portion to one person and the remainder to another person, may return the warrant with preciso written instructions to this office or tr the office of the (iuaraiity Trust Company of New York to be exchanged lor other warrants on or before March 1st, 1911 By ?Tiler of tl"- Hoard of Directors. E II AI.DKX, Secretary and Assistant Treasurer. tSgBOe lower f?.r v other ciiv.-s about steady Common to p , $7 :.'i-./ $ln *.<i per IO * i?i IT i "hole?? - --'i i ? euld r i sold at Ml - ? "$.". City (lre??e?i ? eaaj n* M IT- with a few ex.-ee.lltiR U> . niiiit ' - , ' .- I j '4c. - ,u.I ens 22 veil?, ISO lb uver 81060 per hhi Itn 4<i. lis n,. SSSOj 2, 10 I8 60; I ? !'"> lb, $". Tobin a Shannon 4 veal?. 133 lb, $10: lu it. $s M i, im it?. $-* s .lii.l.? .* ?'.. IS veal?. 110 11., $f . alvea, in:; II.. ?7 Kerna Cemmlsaton compunv. r. vr.ii? ?; i 188 lb, $1"; J culle, lio lb, *? I'lllenhack *J?i veal?, 12il |10? 4 i"" lb, *'. ?? ?'uiia. in lb, *<i 12H i.'.l . ,lc.-a, 22"! II * andre? Ma s ve?is, ISS Ib *- M culta, 1-7 lb. $3. 7 barnyard calven, JOS Ib, IS, U74 Ib, I?. BUSKP AM) LAMM neeeipts 37 car?, ? .i.1 is ears on ?ale Basen ?tea heat lamba ?bout ?tea.ty, other? ?low to traction lower, ?apply of uu .e?.? of demand; about E cara un?ol?i at a 1 lour Common lo prime sheep sold at $; H 5u per mo lb; cull?, $u u $-.: 7.'.. common pi im? lamba, ??'? WM $7 " ? | veai'lIllK?. 83fu I'' PraaS?S mUttCMI ?inlet at " ? ?m. .1 lambe. 11 ti r.''?..-. heej Sreeeed, ? i l ;'j.-; ceuntri .lr.-???-.i h .iiioua- lamb?, |." $iii ?ach S.il.c? Kern? tVimrolaaion ?'ompany: 1 ?tata Unid?. IS 11. averaar. m $7 83 tier 100 I ?jM Indiana. 7i lb, 17, 1ST, *??'? lb 1*1 t M as60 1? aho-p. 1J3 lb, $' 1" 12??, He s.ir.n, SS He $3 ?< at.ite. l??u in, $1. 2 . .ill!', tl' lb, $ ? bu.'ka. lli> in. p. s Batidera m*? weat.-m lamba 71 lb. 8T 3 Kin itete, si lb, 8738 ISt, SS lb, ?7 SS; Pennsylvania, 88 lb ?: - to IS; 4L i lb, $4'.'."., SI, 107 lb. 8380: 1 y?..rliiu.- 80 I 80, i> - i:;; lb, *i Tobin &- Bhanaon: in Pennsylvania ?her ISB lb, $? "" 11, US lb. ?4. IT ?t?te, 111 1 88 60; 1. ISO lb, $i'." go Indiana, in lb, 8331 . lb, $?'?: 2 v-.iilin??. lim li . $. W I-, Hum- UM State lambe, *4 lb, $7 HT1-. SA tl lb BT30 I CUM ali.ep, M lb JJ 73. a ml re* Mullen 2\ ateta lamba I 11 cull?. 4-t lb $:>: 7 ?h'-p, 118 lb, $:'. HOtlN? He.-aipis. S7 eat*, sr 7.4:ir. bead j about 8 eafa oa aale. Ij to firm. >-x repi (01 llirht pin.? I.llflit t,i heavy lioR? ?oi. hit $ii 40?I $11 ?in per Ion in a few lot? late y a? ter.lay ut $11??.".; I'lm t..-?l.?y at S?1 '-'"?''." *?"' *?' Country ilr?>????.t h?g? unchanged at 7 per 1l> for heavy to llg-ht. Hale?.-W. K Hum. >' ?late ho??. 17? 11 average, al $? 6?< per IOO lb: 4 rou?h? 30-, lb at $3 <V>: '.'. BBS lb, IS SO; i stags, SaO lb, $4. Kern? 1 'omml?ilon I'omparu 38 l'?-nn?y|. reata im**? sad pis?. ISO n 10 40 H. Judd ?tr CO.; IB l'< iiniylvaiiia ho?*? and pie?. IM lb. ?11 40 Tobin & Shannon 2T ?late pin?, OT lb. at $0 41? 1 Mii-li. :U?> lb, $:. .Mi i?te yesterday: SS ?title ho*?. 1'-* lb. 80 30. 1, 3.U lb, |6t?; 1 roush. 4.',n U>. $?"? ?<?? H. H?nd?r?: 2 Pennsylvania liosa. 18? lb. ?SSO; 73 pisa. SS Ib, ?040. 4 rough?, 303 Ib. Andre? MuH?*" 8 ?U*U ho?? |08 lb, $0S0; 11 pig?, *.*. u,, $?j:.. ii. 4>* u.. M32: 3 rough?. 306 ib. $?*.?*?' u "? reeterday; 2? pir?, r>o ib, |0 4" ,1 rough? 300 lb. $.'. 40 J. U. curt? *? bon (late yeiterday). 03 stata heg?. HX-l |b, $?eS; (M pig!. 80 lb. $860: 8 roughs. .120 lb, $."> ?S, o. 3?)7 lb, $5 80; 1 etag, 420 lb, $1. OTHER LIVESTOCK MARKETS. <'hicag<?. .Ian. 1?. -CATTLE?Recelpv--, ?,000; steady, .s. 14 s*?ii 8S do, Texas steers Weatern ??eers. 84 S?i?$7 2*'.. stockers and feeder . $8 30^$*. cowa and lulfera. $2 1" ?t ??? 7< calvee, 8t"3o4$.0. HO?*.' Ipta, :;.;,o.i.. wer; light. (5 80? $?23; ml? I ho.w, $3i).?$i)4?? rough. $?o." I It . tHO. bulk of salea, $8 20(180 8. Hevslpta. 20.000. native, $3 33 4 $4 90; Weatern. $8 ?S3? ? irllngs, $8$8?$016: lambs, native. $4 8>> ?i $7 20 u eetern, $3 $60$7 26. Kansas City, Jan. 18.??'ATTLE?Receipts. Including L-00 southern?; market steady to lOe loi?r?-r. dreastd beef and export st. era. $t)1.*?$8 23. fair to good, $.". 33 8 $ef ?." Western, $4 7.v*?$7; stockera and feeder?, $4 On e$?t I" Souther 1, $.'. 03-8*30; Mout'aern cows 1-90; heifer?, $4 28? I I _'*, calves. $4 800$ lower. bulk o' sale?, $11 in,. $r, 4". heavy, $?i SoQ$<" 45; piu-ker atid butchers, $8 20?$? 42H ; lights. $5 90". . $4 80?$5 SB. SHEET? Receipts 11.000: ?icadv to 10 lower; Umba. $3 23tf$7. y.-arlings. $.*._*?l; wethers. $4?$4 88: ewes, s'o.kers and feeders. $2.*W>$$4 .'in.innatl. Jan I? - i.'AlTLE?Receipts $04; OUlet ind it ady. steers. $4 30?$7 SO. hetf ere, |8 8S?9$; cowe, $1 ,-io?$5 _fl: calve?. _3fc higher; $4 23?80 80. HOO8?Receipts. 2i:7s open 1 st 1 ?gher on packers and butcher?; ?.i^.nlv on p;gs and lights; pack $8 1 13088 29; common ?owe, $4-3t?$6; pigs and light?. $4 23?C$d > BHEEP !te<Vlp?s. On; strong: $1 SOiJ-C. lambs, slea.lv; $4 30?$H76 Bu l?alo. Jan. la?CATTLE?Recelp?, l.ly. VE?L8?Receipt?. 400; active and 28c lower ; $.*. .",0tf$10 60. HOOP Ipt?, 12,800; rfrw and steady- ; iieevy and m!\e_ York r<. $0 1* ... 8?'. 40; pigs. $H 10? $112.1 runv-hs. $* 1..'.?*?'. s,. ii.iiriet-, $?}&$? 33 HHEBP AND LAW Ipta, 14.000?; ?h**| ?teaity; lambe, l"'.- !?*?<? lilglier; lamb??, $3 80? ** M ah?.::?. Patata, $1 :?oa$4 77.. [Bj Telegraph te The Tribune ] st Ixiuls. Jan. Ill .-CATTLE- Receipts. 2 77? sui'Ply light. 1 I ..11Iv moderate; Meers to, low? - ?ere, $3 i*"-*?? _3. hclf.rs, M ft - . 7?>?$?8; Southern ?teeis, $."( 7?l'i?ii 1.*?. H"!'.> R.'Ciipts, 12. moderaUl) active god Btglui lower; choice, 200 t.. ;t2* It-, $?. I R!3 tb and upward, $8?$t?:?0; i_. kers. $3 7A?$6 2S; bea? lights. 188 lb and under, (> 73?$* 10; fair do, $'. ii>.'. ?5; best ?.las. Ill; fr an,' un-l?er. $*? 2.*.tf$3 80 air pig- ?1 ; >. 1. .SH13EP?H.H ?M ta. 3.(507 tl\i. an?! 1??. higher on fat; lamba, 83 6O1* $7 2.".; cull lac;*, 44 Soil*.*. 2.*?; yearlings. $5 60? out ton sheep. $4|t$4 60; ?common iheep. * ? ,1 at SEED PRICES. Toledo. -Un 10? ?_?*-Ovrat*-FJI>?Caen. Janu? ary end F?bruan, ? MS 13. No 2. 512 704J?12 7.V N" ."?. $12 ?Jr?t2.?-> rejected, UI8M1280; no esrnbtl?hi>d gra?ie. $8?$4100. ALHiKfc?? ash anJ J?a?a?y, $1Lj13 aiarjjh. $114*. TiMuTHY Cash and JaiiUan. $71$; March, $7 $0. <.