New-York tribune., 1908-06-28

The third automobile inspection tour of the New
Jersev-New York Real Estate Exchange, whch
was held on last Wednesday under the auspices Oh
the Board Of Real Estate Brokers of Jersey CITY,
was one of the interesting and success
ful trips OF its kind made Its aim was espe-
cially TO reveal the many opportunities for saie
real estate investment speculative deals III auo-
son County property and to attract the support
of New York realty leaders in the upbuildins along
the best lines OF the many charming cties to"hs
and villages throughout the county
THE IPBI-u.DING OF JERSEY TOWNS.
Among those present on the trip score or
more of men owning controlling real estate
in New York and New Jersey valued at many mill
ions number OF them nave been so active IN
recent wears in the real estate market OF the Bor-
oush of Manhattan and The Bronx that their
knowledge Of conditions the great suburban zone
of New Jersey based on what they had learned
from reports about realty affairs there and not
from a thorough inspection or examination OF de-
velopnent work in the Jersey fields Those men
were truly amazed at the transformation Tor the
l,etter which has taken place in recent years in
snany residential sections Of Jersey City. Bayonne
Bergen Point Weehawken and Hoboken. All OF
these places visited on the tour 1t was the
consensus Of opinion Of those on the outing, when
in a measure took the form Of celebration over
the linking Of the Manhattan and Jersey shores
with tunnels and the improvement made In the
operation OF many steam and trolley roads in New
Jersey, that there are many aluring realty oppor-
tunifies in the New Jersey fields.
, SIGNS OF ACTIVITY EVERYWHERE
On al sides there were signs Of building activity
snd the development of ideal vacant tracts Of land
into fine additions TO ole and we'll built up home
centres. There was a opportune time
TO get many big Manhattan investors and specu-
lators away from their usual haunts in the New
York market and TO place before them in a force
full manner what New Jersey offers TO them in
the way Of realty strength and beauty. At present
greatest demand Of the majority Of prospective
buyers is superb vacant tracts Of land suitable for
immediate Improvement with modern dwelling
houses and modern dwelling houses which are
located ideal suburban tracts, and which can be
purchased and resold IN the near future at a fair
profit Moreover. there thousands of persons
living Manhattan Island and in the Borough of
The Bronx who have already become interested in
the wonderful growth Of :he New Jersey suburban
zone and who are planning become residents of
It is this rapidly increasing number of prospective
homeseekers which the builder depends chiefly
TO find buyers for his If he builds strongly
and his prices for his property attractive
as that other suburban sections. his prospect of
finding a ready market for his houses is bright
MONEY CONDITIONS IN JERSEY ZONES.
The builders in the New Jersey suburban zones
now work under slightly better conditions than
they DID some years ago. The cost Of the land
which they improving is much cheaper than in
many other suburban zones and. furthermore It is
located and has many rural charms that IL
quickly appeals to thousands Of homeseekers. The