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Show PRODUCE EXCHANCE ELECTION. Th. QneMlon ol tha I'urcha.e anil Cancell-alio, Cancell-alio, of Membtrahtp Certificate. New Yohk, Feb. 8. Special to Tiik Times. The members of the produce exchange are holding nn important election on a mutter which has caused the contest to become exciting. The question to be decided is whether the. members would consider the plan offered of-fered be the special committee on membership mem-bership certificates; providing for tho purchase and cancellation of certificates certifi-cates of membership. This revives the old question of the depreciation of the. value of membership certificate and the controversies about the gratuity fund. Tim result of the election is in doubt, The contestants are working very Industriously, and both sides are confident of victory. The probability is that the plan will not be considered. There is strong opposition- from those who have paid out large assessments to the gratuity fund: The retiring of the membership certificates would, according accord-ing to .the plan proposed, deprive of money the heirs of those members who have already paid out large sums in investments. It is claimed by the opposition op-position to the plan that tho retiring of certificates at $1000 was an artificial scheme for advancing the price of the certificates, and that it would help certain cer-tain men who speculated in certificates. |