The New York herald., 1869-10-04
also another specimen OF tho Same letter. which N.
Chases believed TO be genuine. ana Of which he
transmitted photograph.


CTry-UNIMPRoyRD.
Tuesday, September 20. .........,,,. 600
Thursday, September 30.............. $500
94oo
Total oty property. ty.................s s5s, 100
SUBURBAN -UNIMPRovED.
Tuesday, Sept 2S Railway n. j.. $29, $3.50
Tuesday, Sept %, W. Hoboken, N. j.. 2o,O2o
Thursday Sept. 80, Bayoane, N. J.... 27,so4
Thursday, Sept. 80, Linden, n. J...... o,545
Total suburban property. $50 oss
Grand total for the week ending October 2. .sl42 1913
The following are the totals OF the different kinds
OF properly sold at auction during the previous
week.
City, improved $36. 200
Suburban, improved. .............. ....... 5s,635
suburban. unimproved... ...........t.".... H5,8H
Total for the week ending Sept. 25..... s24o, ,4so
The following sales of unimproved property are
announced to be held during this and succeeding
weeks:-
TUESDAY, Oct 1.-TWO hundred and fifty lots at
Linden, N. j.; 200 lots at White Plains, N Y.
WEDNESDAY, Oct 6.-Forty- four lots in Brooklyn.
THURSDAY, Oct. 7.-one hundred and thrGy-iive
villa plots at Madison, N j.; $50 lots at Toms River,
j.; 800 lots at Newtown, L. !.
MONDAY Oct 1l.-Five hundred lots at Carlsiadt,
Mount Pleasant Parz, N. J.
TUESDAY, Oct 12.-Forty- seven villa sites 1900 city
lOtS) at Plalnheld, N. j.
THURSDAY, Oct. 14-One hundred lots at Nor
wood N. J.
TUESDAY, Oct. 2o.-Four hundred acres at Ford
ham, N. Y, comprising the LorilIard estate.
The movement for the organization of Real
Estate Exchange properly representative OF the i'm
portant interests involved III real estate transac-
tons In this CITY, ID again being urged upon the at
tention of brokers and dealers generally. No more
favorable time than the present could be found for
the Inauguration Of such board, when speculation
IN stocks and other unreal securities being in dis
favor from the recent convusion in Values
with proper inducements and facilities for
investment In real property and the guar
antees OF fair dealing, 1t would be In
the power OF an incorporated body, such
as an exchange, to furnish much capital that is cer
tam TO be withdrawn from the stock market aud
released from It's Improbable representation in
gold could be thereby diverted to real estate greatly
to the advantage and gain OF the investors, as well
as TO the enhancement Of land values and the gene
raj prosperity OF the country. The arguments used
by those who advocate the organization OF this
board are simple and convincing the difficulty IN
the way OF the accomplishment of the design arising
more from Indifference on the part OF many to them
than 1t would seem any attempt at contradiction.
circular, which speaks for four very prominent
houses IN the business, says on this subject
Associations OF people engaged In similar pursuits
III NE are OF very ancient origin. We have In the
masons an organization thousands or years Old dat.
Ing back to the building Of Solomon's Temple and
from that time to this many trades have had their
distinctive associations. The guilds and assoca-
t0ns OF trades OF Europe nave beeH ORGANIZATIONS
OF great strength and power, many OF them being
possessed of great wealth and carrying on impor-
tant works Of charity: Here In our own city we
have the Produce Exchange owned by society Of
produce dealers where In single hour millions and
millions OF dollars worth OF gram and produce are
disposed OF. The Stock Exchange also own their
building, and within and around 1t the transactions
sdnn Of single busy day VIII reach an amount almost
Government Board and National Stock Ex-
change are all similar organizations. There
brokers, Drug Exchange, Snlpowners' Association
Shipmasters' Association, and so on through almost
every branch Of business Almost every Class or
now building splendid market house. Every
ana ep0yed osa We have the Employing Printers
Typographical Union ana trades' unions Of every
Class. Il is but few days ago that one OF our
ton Of Boot Blacks Of Brooklyn. 1t IS especially
noticed that those branches OF business principally
tions. We have associations OF dealers 10 the
produce OF our land, III its precious mlneral
products, IN the stocks Of the companies that
branch OF industry but this great business,
the sale Of the land ITSELF Our real estate business
has been done in loose, irregular way-every man
Tor himself; no system Or uniformity. Our business
OF millions and millions could be much better
ACCOMPLISHED II we were united in it and worked
together. 1t has been asserted by many OF the
Older brokers that 1t cannot be done. We cannot
have an exchange Why nots Are We the real
brokers united in other branches of business? we
certainly DO not acknowledge any other men as our
as dlcult matter TO efect sale Of large and yaI
able tract OF property or to negotiate trade where
each owner determined TO get the others properly
Tor nothing as 1t Is to sell stocks to make corner
few others besides those associated with us In
paper agree with that the interests we repre-
united effort than by the slnglehanded selfish prin.
cipe which is now the rule and not the exception
among the real estate brokers.
= fpIn
extensive and important as that Of the purchase
aud sale Of real estate and the loanng Of money on
land security should be thus without any systematic
any recognized centre OF Information or
which would secure something like
uniform conduct in transactions and by the best OF
all means, publicity, ensure fair and honorable rela.
tions among dealers. The proposed national con-
venton OF real estate men Is step in the right direc
tion for the attainment OF this end, and it really Is
matter Of some surprise that instead Of leading in
Of this kind, New York evinces such
lndfllerence even IN respect to It's own
local needs. A real estate exchange here
and system Of agen cies over the whole United
states could be made elfectua for the protection OF
men from many OF the land swindes that are yearly
practised upon ignorant buyers and in fact in
from the market many OF the tricks
oF e
nal perhaps than to deserve to be thus Character
ized but yet being more or less mpositions. In this
view OF the matter and regarding the Interests OF
the public and OF all honorable brokers am TO
be subserved thereby, it would seem that the esab
lishment OF rea! estate exchange IL "a conaunif1n-
ton most devoutly to be wishedn and its prom oers
deserving Of encouragement
Real Estate Notes.
The Long Branch and seashore Railroad has been
bought by the Delaware aud Raritan Bay Railroad
Company and will henceforth be called the Southern
Railroad or New Jersey.
The following particulars respecting recent real
estate movements in Boston are from the Ldretter
Of Friday
George d. Cox, for s1l 200, has sold TO Mrs Pope,
OF HYDE Park, brick house on the easterly side OF
avenue, near st. James street. Mrs. Mary
Gllnnen for $1,450, has bought OF John Spelman an
estate at the Highlands, at the corner OF Ward
street and Bumsead lane. Mr.. r. =. khoades,
for $500, has bought OF Mr.. Philip N.
Colby dwelling on the westerly side OF