New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-12-20
REAL ESTATE.
BUSINESS AT THE EXCHANGE.

At the Exchange yesterday No. 900 East thirty
f,ur,b.,t a tnrecstory and basement dwelling on a
lot I4Gx07.0. was offered. The property is leased
AT $40 per annum and sold to the plaintiff under INC
force losurc proceedings for $3.50.
The following private sales are reported Dor;
LYON liza, ~old 10 J. VI. Jaquc No. rs West Ninety rSo
st. between Eighth and Ninth ayes, a thrce-sto'y
brownsonc dwelling, l5x53xlOO. for $4,000 Also
to the same buyer 49, 40 Manhattan ave. nct md
one hundred and nineteenth It. and one hundi<d anu
twentieth ST., thrc story private dwelling, lo7A'VN
30. for $1,000. Aha r.,
change wa, held In the board room to form ~. ~"
sociai0n among themselves for mutual prOtennt1Pin,
Among those present Peter +. Meyer Ihlp
A. SMITH. George If. Scott, John T. Boyd, Jane
Blcccker. Jane, McQuicn, Charles HcI1nann, W w.
Fngc = ID, Walltears, William Kennedy and II. II.
GORDON j. Thomas stclrns was voted to the chair.
Mr. SMITH then briefly stated the reason WHY ..,
meeting had been called. p f. Meyer stated that
When the old exchange was sold out to the new
contract was made with the anctloncer' tiai L ',G
mi, wa, carried out and on this understanding tho
aucionc"rs came over. THIS EXCHANGE wa "tIS f ~
The purpose Of dividends Nevertheless, after 1t lrid
been formed about two years, Il proposal Wa ndne 10
raise the knockdownS. To an amended ~am wv
aurtioncrr, very unwillingIy gave their consent Oh
the understanding That II was to stand for hVr S',i
notwithstanding this arrangement. Snu . ilr,
Never they have now passed further resolution
under which or rights have been wiped our "iuiDns
giving us even an opportunity oi benz n,,I L 1nId
nv the contract they have made and II necessary t'
law must be invoked and this organization must iocS
strongly ccnsurcd thc arton Of the directors toward
the auctlOuccr-. stating that II worse thhl INC
conduct II a tyrnuical empire. ,
Mr. NcQuil'cu supported Mr. Meyers view anI
stated the hard ship TO which he had been Hub]crt-u
af the hand, Of The Exchange having tih,'h
away his stand. which he had purchased from n "e-
ceased owner. .t,.o IL,
George H. scott stated that he had been active N
getting the agreement signed by the auctioneers, ana
that he certainly understood that ne asTrcG t ,t
Wa stand for five years. Mr. scott thousnu .llHe
tn b,arl had made m, stake I'm making any ne"
scale without consulting with IN" ancuonccrS. VINO
shnud be- most consulted and stated That ne nan
voted a,llnSt the revised scale when II va, pr"p'su
iu the board ard had given his for thal N"tc
I'm his recent address rrtiruc from IN" PRESIDENCY
He pointed ont that m" action Of IN" I"l'i t,"atH
Nr. McQuillcu was simply the cnfomen"ut 81 u.o
rights - IN" ENchaugc that the directors l'h no
alternative bat {" act under The advlc" 81 NOR cD
-cl. Nr scott said that II Nh" auctcnecrs Wero
properly Organized and a"tcd together there IS 10
dou't that they could obtain from the hrtT AZ III,
thcy wanted and not while they remained "IV'u"i
and fighting against one another n heretofore
John +. +. >wVth said: We as nuc'"lF'iH ~
nos. payinu 21G 600 nor year for the ~ IN" room
f,r an hour day. and they now propose 10 MAKE Us
pay over 50 1000. ask. Is Il honest. J. II illr ~
iei ,v,en man and man. say IT get another
room. whore shall not %" subject 10 t'~' "a
actions :. &C.,.
Ultimately cnnoi'tcc cor s'-tiur - Peter + NrF'r;
Iohr T. y. SMITH ami Iam", l.. Wells Wa app '.il'
fo intorycw the board to ~" now sea-" ana 10 U'h
,o rf-It arrangement for tic proros"' "rr'nHiil'
Tho following ouc'ilrcc~, r'n~nlr'nN- hN '.r
,,,..,rc. r. =. IIarn~ti { CO.. +. n. Ludlow 90
b ! ! phfU'n. & Co.. Ttn"- J.. VOLS. Jane, G. ''"ri
Cl,r'..n d, o., Wll1u p"runll9. Brown, L"SpuiaS-e
e. O. ard Gu"rn'au & prnl"