New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-11-12
RIVAL REAL EST4TE Exchanges.
WORK OF THE BROKERS' COMMITTEE.

TRANSACTIONS LAST wFEK-TOSE or THE MARKET
The persons interested in the two proposed real
estate exchanges are pushing the movements win
vigor Subscriptions are being received by the
commissioners Of the Real Estate Exchange Jim
itedl-the one already incGrporated-ln when
Robert A. ChcsebrOugh and Charles Coudcrt are inc
most active. This scheme, however. has failed to
secure the support of the most prominent dealers
and brokers who largely pledged 10 the support
ofthe planwhich sunder consideration by T. H.Lnd-
lows committee. The disagreement between the
two interests over the proposed site Of the new IN
sttutiOn was fully explained in The TRIBUNE OF
last Sunday and an article containing statement
of the same facts published in The
Record and Guide OF saturday. MIR. Cheese
bronglis interest in the old Produce Exchange
building The Record says, arises from his personal
ownership OF property in the neighborhood OF tge
building named, which he says has been reduced I'D
value by the construction of tho new Produce TX
change. The feeling among brokers is aimoSt
unanimous against removing far from the present
centre of real estate dealings and there is little
The Brokers' Exchange. The articles of incorpora-
ton of the exchange will probably be filed 20.
morrow. The plan will 5e similar to that Of
the exchange already Incorporated. The COM COM
be f. H. Ludlow, Richard Y. Harnett,
George H. Scott, Isaac HONG, L. A. Cruikshank. H.
II. Cammann, A. Bellamy, !. Friedman and ;. r.
Jayne. Circulars, giving detailed information OF
the plan, will he ready by Wednesday
There was no Improvement IN the real estate
market last week. Naturally the election day
holiday nterfered with the weeks activity and the
excitement preceding and following the announce
ment of the result prevented the pressing Of many
transactions TO a conclusion There were not
a few unmpOrtlnt private transactions made
however. At auction few sales were held. Prices
remain strong, inquiry Is increasing, and 10 lnlne
diate depression is looked for by the operators
who are not expecting q decided movement until
next spring The result of the auction SALE on next
Thursday Of the vacant lots belonging TO the late
Governor MOrgan's estate will go largely toward
encouraging discOuraglng general buyers for the
rest Of the autumn season..
The uriuciual private sales last week were as fol-
lows: The apartment-h0u known as the Massa-
SOFT Nos IFS, 100 aud I'D West Onc-hundred-an and
twenty -uinth-st., has been sold by W. j. Merritt 10
james Elliott and Edward {. Burr for 81 10000.
Mr.. Merritt takes plot of ground III One-hundred-
and -twcuty-nnth-st., running through to One
hundred and -thirtcth-st east of Eghth-ave.. and
having frontage of Seveuty-live feet on both
streets also plot 100 by 100 IN One-hundrcd-and
thirty fOurth-st, west of Se|eGth-ave. John ).
Brown the builder, has bought nine lots with
frame cottage in Ninety -fOuTth-st. west OF Ninth
ave for 500 900. The Wauenton flats Nos. 1,297
and 900 Park-ayc.. have been sold by Frank a.
Sctz 20 Paul Moss. Two new apartment-houses
in One-hundred-an twenty -fOurth-st., east of
Rikcr for 500 400 No. 1S East Seventy
ST. WAS sold by John j. Brown to A. A. POTTER for
$4,000. Nos. 170 to 1873 East Nincty-thiTd-s
have been bought by Colonel Richard Lathers for
S97 900. Colonel Lathers has sold his villa, with
fourteen acres Of land. at New-Rochce, to John ii.
Butler for $4,000 Tho Strange country seat at
Dobbs Ferry has been sold for $4,000 cash TO j.
C. Howard OF New Orleans. The Seth Padeford
estate in fIarTisOu-aVe., Newport, has been bought
bv John H. Clover for $50, 900. Numerous lots were
cold last week for immediate Improvement