New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1907-07-06
PLAN NEW EXCHANGE.
TO PROTECT n. J. BROKERS.
Fe1o .nQnhattan and BrOnT Deals
RcD0Yted.

The real estate operators OF New Jersey are
taking steps to form a real estate exchange. Fol
lowing the example set by Long Island dealers.
they are determined to unite into general or
ganization for the promotion of their business
interests in New Jersey. a preliminary confer
ence was held about q week ago at the office of
Joseph W. Doolittle, president of the e. Mora
Land COMPANY of No. i47 9th ave. Manhattan.
1t at that meeting decided to issue a call
Tor a larger meeting at the same office on July =
The second meeting was we'll attended. j. Ed
ward Grape. OF the Westfeld Realty Company,
chosen temporary chairman, and f. w
Creighton, of the Anglo Realty and Mortgage
Company secretary. Among the prominent
New Jersey realty men present were A. Nj. Ben
nett. Of the Manor Realty Company; Edward J.
Kanaley. of the Creighton Manor Company;
Benjamin j. Kline. of the Railway Realty Com
pany; Edward J. Sullivan, of the Sullivan
Thorne Realty Company Joseph w Dooilttlt'
of the FL Mora Land Company; William A
Lambert. Of the Nutley Realty Company; w.
r. Squire and f. l.. VrOomar, of Squire d Nroo-
man. Of Rid6efed Park: John V, Hass. of Mil
lington; Daniel Paul. of Tenafly; Wilson j.
Vance Of Vance UncD OF Newark; Jesse d.
Holden, James Trimmer and Rodney Miller.
letters of regret were read from the following
dealers. all Of whom expressed their WarneSt
approval of the proposed organization: Edward
- Paulin, president of the I.eonia Heights Land
Company: G. r. Won Eglofstein. of the Has
brOuCk Heights Company; a d. Milford u SON
of Elizabeth Wallace Wilbur Slocum OF the
Slocum Park Realty Company: ROmeyn & Dem
Arrest, of HackensaCk; Horace \. Pounds, Elstoh
NJ. French and many others.
otto Kempuer. the founder and former presl-
dent Of the Long Island Real Estate Exchange
was present by invitation. and was introduced
to the meeting. In speaking of the dement's OF
organization. Mr. Kempner said that in all fields
of industry it has been found essential 10 CO.
operate for the general benefit Of those engaged
in any special line OF business. and that much
good can be accomplished by organization. New
Jersey is destined to attract the homeseeker IN
the near future, owing to the increased facli'leS
for railroad transportation that are now under
wav When the various tunnels under the Hud-
son River are completed the tide of suburban
settlement can be turned toward New Jersey II
the real estate men of that state take time by
the forelock and prepare a vigorous campaign
for the occasion He closed by suggesting a
,,raat demonstration by New Jersey real estate
men coincideut with the celebration OF the OPEN
Ing Of the MsAdoo tunnel in September
II was unanimously decided to organize an
exchange and to appoint committee or seven
~ ,,renare a plan OF organization TO report AT
meeting 10 be held Mt Mr.. Dooittles office on
Tulv 10 The committee IS as follows; MeSSFs
yrooman Heddeu. Kaualey Creighton Lam
bert Grape and Trimmer. Every person =. e9'''S
subscribed his name TO the membership list and
-, 20 he,on,a a charter member of the New
Jersey Real Estate Exchange.
rho number of parcels scheduled 70 DC S"lu
Yesterday at the Real Estate EXCHANGE safes
rooms was three The sales or NO. oil /" VI
wost 1921 street and Nos, y ana u" H''lHRt""
,.oo, v.ere adjourned. For an irregular plot IN
,.t7r.I PARKWAY. 10 feet west of Mammal
60. o,.orue Joseph F. Day got Sl4o.2o'. the
,,,,-or vas the plaintiff in the foreclosure pro-
5,,os There are three six-story brick nat
: houses with stores. on IN" site.