The Daily Register from Red Bank, New Jersey • 49

i Tuesday, Jan. 23, 1968 7D elude John T. Lawley Law- Shrewsbury. Walker Walker al Red Bank Area MLS Cites Shortage of Available Housing so has a branch office in Holm' del. In New Shrewsbury, in addition to Mr.

Downs, "are -the Agency, Curtin Agency and Edward A. Hanlon. In Middletown are the Applebrook Agency, Nave-sink Associates, Snyder Agency, and Sterling Thompson Associates. Roland Pierson has his office in Lincroft. In Fair Haven, in addition to Mr.

Borus and Mr. Hall, are the ley Agency, Middletown; Ellen S. Hazleton, Russell M. Borus, Fair Haven, and Hubert M. Farrow.

Allaire-Farrow Agency Red Bank. Other members Include E. A. Armstrong Agency and Lawrence J. Schilling of Little Silver; Cornelius J.

Guiney Highlands; the Sweeney Agency and Ella Wiltshire Agency in Sea Bright; and Paul Bragar Agency, Ray H. Stillman, and Walker Walker in Ted Hall Agency, the Low Agency, A. Fred Maffeo Agency and the Ray Van Horn Agency. In Rumson, besides Mrs. Hazel-ton, are Dennis K.

Byrne, Glaze-brook Associates, William H. Hin-telmann Firm, McAlister Agency, Joseph G. McCue, John L. Minugh Agency. Applebrook Agency and Sterling Thompson Associates each have branch offices here.

profession, encompassing broad to obtain a license to sell real vice, will attend a session on data processing and computers presented by the Executive Officers Council of the Rational Association of Real Estate Boards in Dallas, Saturday. Mrs. Harley is a member of the council and of the planning committee for the councils program at the 1968 national convention of the realtors' association to be held in New York in November. President of the service for 1968 is William J. McGowan of the McGowan Agency, Red Bank.

Vice president is Frank W. McKenna, Red Bank; with William M. Hall, Hall Fair Haven, serving as secretary, and Stanley K. Downs, New Shrewsbury, as treasurer. Directors in- 3 facets of appraising, land development, trading, exchanging, building management and mortgage financing.

The New Jersey Real Estate Commission, after many years of prodding by the New Jersey Association of Realtors, passed a laW last year requiring a minimum of 30 hours prescribed study before an applicant can take the examination estate. The realtors themselves have a strict code of ethics, laid down by the national association, to which they must adhert. The concept of data processing and computerization is the newest service being utilized by the industry. Mrs. Henry G.

Harley, executive secretary of the Red Bank Area Multiple listing Ser I 'RED BANK A year of un-- precedented growth in Monmouth 1 County, combined with a tight money market in 1966 which slowed housing starts, has result-v'ed in a shortage of available housing, according to members of Red Bank Area Mutliple Listing fService. I This group of realtors, which ijoperates the nonprofit service to an organized market place l-inreal estate for the benefit of the public, has grown from 33 I charter members in 1961 to its present 46 members, some of fe- whom operate branch offices. The availability of local housing has only slightly increased over the past five years, from 695 listings in 1963 to 806 in 1966, but dropped to 747 in 1967, while sales reported by MLS members have increased from 561 in 1963 to 860 in 1967. The dollar volume of sales, proportionately, has grown from 696 in 1963 to a record in 1967, reflecting an average sale price of $24,500 in 1963 a present average of $30,000. This indicates both high quality housing in the area as well as a steady rise in appreciation of real property.

Land Scarcity Scarcity of land contributes to the rising cost of housing, as well as steadily increasing building costs, and both factors will tend to continue the upward spiral in tiie foreseeable future, The real estate business is becoming a -much more complex WE TAKE PRIDE IN SERVING YOU West Long Branch Progresses In Retail Trade and Real Estate here last year, Harry De Camp, WEST LONG BRANCH Steady progress in retail business and real estate continued THE COLONY RIDGE ROAD AND THE AVENUE OF TWO RIVERS RUMSON DINNERS ALA CARTE COCKTAILS tor, reported 87 building permits were issued last year, including 18 for new homes and five others for Monmouth College dormitories. In contrast, 83 such permits were issued in 1966. Raises 2 Questions The borough adopted a zoning ordinance in 1966, but this raises two questions still unresolved. Firstly, how will Monmouth College expand? Secondly, how will continued light industry grow, particularly along Rt. 36? Local businessmen express hopes of a growing Monmouth College, but some residents have expressed concern about how the college will expand.

Some concern was abated with plans for the Monmouth Community College to eventually be located In Lincroft, although It will be based at Monmouth College until the Lincroft site is ready for use. Borough Council is still mulling over light Industrial growth although businessmen in the Rt, 36 area (ire pushing for it. Borough businessmen formed a Chamber of Commerce, whose first officers were installed last January. The officers were: Mr, De Camp, president; George Shaw, first vice president; Leo Bizzarro, second vice president, and Don Gallo, HAYDEN, STONE INCORPORATED- ESTABLISHED MEMBERS NEW YORK STOCK EXCHANGE North Asbury Plaza ASBURY PARK 774 5100 SALES STAFF Serving the Finest in Food and Home Size Cocktails' the Chamber of Commerce president last year, reported. The borough basically has a residential character with Monmouth College, the Holiday Inn office building and Electronic Associates Inc.

the "light industries. Mr. De Camp said borough merchants reported an average of 15 per cent increase in gross retail sales over 1966. He also reported the Long Branch Monument Co. moved into a new office building at Wall St.

and Locust Ave. and Things Stuff Antiques Shop has started erecting a small replica of Smithville Village, Jerry Primavera, local builder, said the Holiday Inn office building on Rt'36, which he owns, gained 100 per cent occupancy last year and has maintained Eighteen firms occupy this building including; Home Life Insurance IBM; Lockheed Aircraft; Lockheed Electronics; Syl-vania Electronics Bendix Magnavox Control Data Zulla Steel Corp. Tessel, Paturick and Os-trau stockbrokers; North American Aviation, and Ling Tempco Vought Inc. Very Good Year Mr. Primavera reported the Holiday Inn, RL 36, has had a "very good year" with full occupancy in the so-called "off season" winter months.

EAI reported a 13 per cent decrease in sales during the first three quarters last year as compared to 1966. The firm also reported it had about 2,300 employes at the years end, with 1,500 of them in this area. This figure approximated the 1966 employe tallies. Mr. De Camp said real estate here has been "really moving In the areas of Palmer Parker Road and Whalepond Read.

Angelo Fioretti, building inspec S. A.WERTHEIM, JR. (RESIDENT MANAGER) ARTHUR W. HANKINS BARNET HIRSCH FREDA K. KOITZ THOMAS W.

PACKARD DOMINICK. PERSICO JERRY RICE JOSEPH P. SCANLAN ROBERT E. OBRIEN (SECOND lCjt PRESIDENT) MICHAEL C. ANGELO ALFRED D.

BAHARY ARMANDCUSANO ALBERT N. DEGANO JACKDORFMAN JOHNF. EKDAHL SAMUEL FINBERG YOUR RESERVATION APPRECIATED OPEN ALL YEAR CLOSED MONDAYS Bent on a business of your own? Check todays Classified Ads for the latest offers. HUBERT J. SWEENEY CLERICAL STAFF JOSEPH P.

MacGUIRE (branch operations manager) RUSSELL C. SEUFFERT MARY ANN LIPINSKY JANICE L. HOLLOWAY SANDRA J. PEKURI LINDA B. JEWELL LORRAINE RIZZO JEAN G.

ZIEGLER Hardware has been helping People with Lawn Problems hr GROSSINGER HELLER I 5 I -'I'vVs Morris Becker years insurance service Joseph Becker wmm tm i i'i Yes, Becker Hardware has been serving Monmouth County for over. 68 years. In that time we've made many friends and lifelong customers. -There are many reasons for this, one being we sell only top quality The lowest prices in the county are another feature. Mainly though, we think the personal service and attention you get from us is the most important.

Recently we completed courses in lawn building, proper watering, identification and control of 25 kinds of weeds and control of lawn diseases. With this added to our knowledge passed on through the years, we feel qualified 1 to help each and every one with any and all lawn problems. In this coming year, 1 we would like to serve you. May we? 0 yet, while were old in years, were young in ideas and our approach to your, insurance needs and while you wont find our offices glamorous, youll find they are efficient and geared to i serve you quickly in a solid old fashion way. At Grossinger Heller Agency we do not sell insurance.

Our policy is to consult with you, appraise your needs and submit a program of protection that offers the best coverage within your budget. We invite your inquiry regarding your needs for commer cial, industrial or home insurance. There is no obligation for consultation. Insurance Is our ONLY Business GROSSINGER HELLER AGENCY Broad and Mechanic Red -Bank, 741-2100 Days 747 -1403 Nights Arthur Becker Serving Monmouth County for Three Generations 197 SHREWSBURY AVE. (corner Caiherine St.) RED BANK 747-0465 I.