New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1885-10-14
CHEERFUL TONE ~ REALITY.
INTEREST IN THE EXCHANGE MEETINGS.
THE MArKET sTRoNG-MORE CHATS WITH BROKERS
on REFORM METHODS.

THE MAFKET sTRONG-MORE CHATS WITH BROKERS
oN REFORM METHODS.
There is decidedly cheerful air about the
Offices Of tile real estate brokers' good deal of stir Is
witnessed and II the winter season does not bring
satisfactory activity 10 the real estate inerest VIII
not be because the want of healthy confidence now
felt by It's members Transactions may not ne as huhe
Gus as dealers would wsh but inquiries are Increasing
and the market holds with stubborn strength
II js felt by many OF those inter
ested in property that the success OF the
changes in methods being pushed by the Real
Estate Exchange will tend TO an important improve
ment in trade. 1t is difficult to find an outsPokon
opponent Of the reform. though its advocates are anX
ious for a free expression of opposing views Many Of
the brokers ukcwarm on the subject on the gotpd
that the project not practicable. However this may
be s 10 the broad features of the system the first
step taken the Exchange has been fully sustained
The bulletins of property wanted ana offered
and OF money to borrow, etc, issued by the
Exchange are growing IN size. Even vacant
lots place there alongside OF houses and stores
1t was at first supposed that uuimpOrtant property
would be the last to this medium Of advertisement
exchange and sale. New faces are being seen at the
daily meetings OF the brokers, and yesterday In spite OF
tho severe weather. sixteen were present. THIS oil
course is much below the recent daily average OF al
tendance
Edmond j. sause, jr.. of Richards & sause No Pine
ST. is warmly in favor OF tho Exchange reform. 1T IS
making good progress" he said and only needs the
support OF the public to become success To gain that
is naturally slow process but think 1t is only mat
ter OF time when will recognize that the move
ment is to their benefit When an owner places his
property in the hands OF member Of the Exchange IT
is offered at the calls and If the himself
effect sale Immediately the property cnlsts the
interest OF fifty brokers, responsible
honorable NELL working under tho rules ana
regulations of a responsible organization The owner
has the guarantee Of the Exchange for honorable deal
ing member lie liable TO expulsion Tor violation OF
the rules. The owner. under this Plan also escapes ths
liability OF being mulcted for more than one commission
The indiscriminate Offering OF property ieSIs 10 com
ulicatiOns which the owner cannot avoid ana Whch he
likely often subject him 10 the annoyance and expense
OF law suits over COMMISSIONS Nnefo Ploce W U
estate has been in the hands OF hali dozen men IL
broker after the sale is made when he SAYS that he
brought the property TO- the attention ,S 10.
Exchange affords the owner the largest
measure of protection and the quickest sale Those
are making sacrifice Of the business when thcy
control. |. for instance do larger business than
we are supporting reform believing that in the end
we will ali be benefited and that more sales viii be
two three half commissions better than one iu. com
mission There may be some Opposition IRON tnose e
every right minded honorable member OF the business
fiat have talked with admit. that in theory the pan is
perfect To insure its success all we nccG Is the apt
Arfhur Mason Jones OF Pine st. and Broadway, said
in response to Inquiries don't know mat can saV
anything special except to add my approval 20 Tie
views and arguments have IN THE IRlnuN 81 The
reform making progress, but Ike every eth,r new
movement hard first to get men Interested in IT,
Progress therefore rs slow, nut think that eventually
the whole body of brokers will be brought to its support
The attendance az the calls at the Exchange uciel
ing hut many uptown brokers, who know are I'D sym
uathy with the movement now 30 busy LOOKING after
renting matters that they cannot attend. several ot
them have told me that when the season u over thfy
intend 10 look into our meetings The great advantage
of the new system that 10 affords facilities FOR dOiug
business quickly Formerly brokers did not dare 10
tell each other that We had piece OF property Tor rear
would be stolen from Now, under Tie primer uI
single representa- ion post our wants ana offerings
with com ence knowing that any vioator OF the rules
Is amenabe to the Exchange. the pro?crty-o"ner u
henrfitrd because OF the facility with
which transactions be conducted. only
Yesterday was asked for house in certain part 81
the civ had none, but there was one on oar bulletin
of offerings turred the inquirer over 20 the bIokr
Offering IL, aud the Transaction was complotci-lhe
broker of course sharing his commission with ne ] c
growth of the movement Is shown by the Exchange h.
OF wants II started with only two three recorded,
and there three pages NJ them, ana thcy
about equal IN numhcr the offerings The movement !
believe is sure to win the support finally. Of ali tie re-
sponsIDe brokers and property ownOrs.'