The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1891-01-22
HOME BUILDERS WORK.
Building and Loan Statis-
tics for the Trenton
Conference Next Week.
Special 70 the Jersev citv Ne,rs.

Special 10 TIE Jersey Cttg NetCs.
TRENTON, Jan. %, 1s91.-The State Con-
vention of the Building and Loan Asso-
citation viii take place tomorrow week in
the Assembly chamber. The purpose OF
the meeting is to form State league OF
the Building and Loan Association SINH
lar to those now operating in New York,
Ohio and California. A formal call has
been issued by James Bishop, chief Of the
Bureau of Statistics OF Labor and Indus
tries, and he has received favorable re-
plies from over one-half OF the associa-
lions In the State. and many are forward
ing the names of delegates elected.
Arrangements have been made with
nearly all the railroads to carry the dele
gates at one-half rates. Judge Seymour
Dexter, the well known writer and presi-
dent Of the New YORK State League, has
been invited TO be present and deliver an
address. II all the associations fiud dele
gates according to the call. which allows
two from each association. upwards of
500 delegates Will be present. Judge E.
Amber Armstrong, ex-speaker of the
Assembly, was the chairman of the last
conference and will preside at the coming
meeting. and he will make an address on
the general increase Of loan associations
In New Jersey.
The Bureau of Statistics, through Chi eff
Clerk Fisher, viii make statistical re
port as far as completed of tine informa-
ton CLEANED from the official blanks sent
out last December.
ASSOCIATION FIGURES.
This report will be of particular inter-
est. because 1t shows remarkable in
crease in the number of the associations
during the past two years. The report
made in 1888 gave as the total number OF
associa tions in New Jersey 210. The
report now being complied shows 25l.
The largest increase was IN Hudson
county, where the jump was from 35
10 49, The next in Essex county, where
the increase was Is, the number being 40.
Camden has 25. an increase Of a; Mercer
5, an increase OF 2; Union 13, gain Of 2;
Morris 8, a gain of /; Atlantic an increase
from 4 to z. In 1880 there were 106 associ-
ations. and in 1856 there were reported
1855. The oldest in the State is the "Mer-
cer." organized in 1854. Newark has
more organizations than any other city in
sey City 2S, and Camden IS. The PSI as
sociations in the State are divided as
follows;- Atlantic, z; Bergen, IA; Bur
hngten, Is; Camden, rs; Cape May, s;
Cumberland, 9; Essex, 40; Gloucester, z;
Hudson, 46; Hunterdon, 2; Mercer, 5;
Middlesex' IS; Monmouth. 8; Morris. 3;
Ocean. l; Passaic. u; Salem. 8; Somerset,
There are 452, 945 shares in the State, an
increase over the amount reported in 1888,
which was 406, ,676 In Essex county the
increase is from 90, 10 10l, 900 reported
in 1890. In Hudson there has been an in
crease; the 97.019 Of 1889 has grown to
ll2,00Q Passaic mas grown from 2s, 566 TO
IS, 600. Unions increase is notable; the
Camden, 43. 400 against II, 1874; Mercer,
increase from 0j6 to 355
The other counties report as the aggre-
gate number OF shares as foilows:-At-
lantic, IL 500: Bergen, 1900; Burlington,
20. 600; Cape May, 3.770; Cumberland, Ia
400; Gloucester, 9.070; Hunterdon, $3.50;
MiddIesex, o, 200; Monmouth, Il. 500: Nor
ris, 800; Ocean, 1.000; Salem, 1850; SOM
erset, 2.490, and Warren. IS, 800,
There were in 1883 81, 5S7 shareholders;
now there are 70, ,413. Essex had 10, 9O3,
but now has 14.600; Hudson had 9.y7l,
but the number now is 1890; Passaic in
creases from $3.50 to 600; Union from
3.4s9 to 5.9gi; Camden. 5.012 10 1900; Mid
dlesex, 3,662 70 $50. The shareholders
lington. $500; Cape May, o,701; Cumber-
land, 1850; Gloucester. 1850; Hnnterdon.
593: Mercer, $40; Monmouth, 2, 900 Nor
ris. 59S; Ocean, PCS; Salem, 1,020; Some :
set, sos; Sussex. 170; Warren. $40. The
total number Of borrowers is 70.4l3; in
Essex county. 1880; Hudson, 2, 800; Mer-
Ger, 1873; Passaic. !, 100; Union, l, 1872.
The table Of assets is not yet completed,
but those not reported are estimated.
The total is s2l Ss2 iSSGo agains. sl4 759, 2Ts
repo Tted in 1883. The Essex county table
shows "a. 275000, against 81 7l2 202; Hud-
son, IS. .040, 900. against So, 143. .267; Passaic,
81. .467, eco, against s904. .9S5; Mercer.
$4,000, against slss 81: Union has
s.. $40. 500; Middlesex, S1,695, 200, and
Bergen. S262. 900.
JERSEY REAL ESTATE VALUES.
In connection with the work of the
building associations the statistics coll
lected by the State Comptroller and the
Labor Bureau regarding the assesse q
value of New Jersey real estate will be of
special interest. They show that it has
increased about twelve per cent. or about
fifty-fve millions in the past fifteen years.
In 1875 it WAS S4G4 go. 724: in 1888 IL
aggregated S5I9. l03. 9z2. This is mainly
due 10 the advance in seasnore and city
property, as the advance in the counties.
mainly rural. is only l per cent. The
valuation in Monmouth county has more
than doubled itself; in 1915 it was rated
at fourteen millions, and in lSSs
at thirty-one millions. Judged by these
figures. the years from 1850 TO 1885 were
prosperous in this State; real estate every
where rose IN value, ana IN the seashore
counties it advanced 80 per cent During
the five years preceding 1850 there was a
decrease N valRes Of 8 per cent. and the
percentage would have been much larger
but for the seasaore property. which grad
ually Increased even durlng that time.
In the counties Of Burlington. Glouces-
ter. Hunterdon. Salem, Somerset. Sussex
and Warren. which are classed as largely
rural. the Increase has been l per cent,
or about one million. This has occurred
since 1850. as before that time there was
a marked decrease in the valuation
In Bergen. Cumberland, Mercer, Mid