The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1869-10-01
REAL ESTATE MATTERS.

national convention OF real estate brokers and
agents. for the purpose OF consultation upon the
general interests OF real estate and real estate deal
throughout the country, is to be held at Cleve-
land, Ohio, November 2. circular asking opinions
as to the propriety and utility OF holding such con-
vention was issued about month since and dis
trlbuted over the country. North, South, East and
West. favorable response was made by over forty
firms, In fourteen different States each OF which has
signed the call just issued. 1t is expected there will
be in attendance good representa- ton from many
States which have not as yet been heard from.
The following extract from the circular referred
to above exhibits the purpose, far at present
developed, of this convention:-aThe policies that
have actuated the movers OF this convention have
publicly discussed but are left entirely TO
the action OF the convention believing that the time
has arrived when the real estate dealers who nave
30 literally advertised for the world should com-
mand that respect due to their position
The idea expressed In the above Ii undoubtedly
good one. and II acted upon-whie no harm could
resnlt-might possibly rebound greatly to the
recent events in wall street, demonstrating,
a. they do, the insecurity Of investments In
stocks and bonds necessarily Of huctuating
drawal or very much capital which has been
absorbed In these speculatlons are certain TO stiu
late the employment Of surplus moneys In real
estate, an investment which, whatever the disturb
ance OF the financial system. In growing country
ike this Is always sale and certain to be profitable,
Dealings In stocks and gold as We nave had but
good proof or late have been greatly increased by
the facilities afforded for SUCH through boards ana
organizations designed for their special aid and
encouragement; 1t Is not unlikely, therefore, that
the same agency employed in the more legitimate
sphere OF real estate speculation would prove OF
equal advantage, while II such should be the case, the
influences thereby exerted upon the monetary and
sound business interests OF the country could not but
be heathful and beneficial. Among the names pub
lished OF those who have endorsed the call for this
convention the names OF OF the leading brokers
and real estate dealers OF this city DO not appear The
strictly local character OF their business may possibly
be the reason OF their indifference this respect but
have they fully considered the opportunities that
would be offered IN convention OF this kind, ana
through It's action, operative In the future OF brng
ing 10 the attention OF the capitalists OF the country
the superior opportunities for profitable investment
offered IN the metropolitan district and its envlrons
The real estate market continues animated
and buoyant here, Notwithstanding the recent
collapse in Wall street, especially in suburban
property. Yesterday two important sales were held,
both OF them In New Jersey-One at Bayonne, on the
line of the New Jersey Central Railroad, IN the vicn
1ty OF Bergen Point and the other at Linden, on the
line OF the New Jersey Railroad. The attendance at
Doth sales was good and the prices fairly apprecta-
tive OF the property sold The lots at Bayonne were
sold by A. ID. MelcK, Jr., & Brother, and brought
from $500 to 5000 EACH the lots varying In SIZE not
exceeding 25xl0O, but many OF them being CORES.
The following were the terms:-Ten per cent and
OF sale, twenty per cent In thirty Gays and the bal
ance In three equal annual payments.
The Linden property was sold by Johnson Miller,
and comprised about 125 parcels, averaging 25x
40. which brought In the aggregate over $1,000.
The following sales OF real estate were made at the
Exchange Salesroom In the city,
NEW YORK PRoPERTY-DY Z. II. LUDLOW AND co.
lots adjoining, size, Com. Calhoun 5000
BY MULLER, WILKINS AND
story brick and frame house and lot, Q 18th
and l50th ct, lot 45llxl00 Jas Lynch. IL $50