The Daily Register from Red Bank, New Jersey • 49

-RED BANK A year of reported by MLS members precedented growth in Monmouth increased from 561 in 1963 to County, combined with a tight in 1967. money market in 1966 which The dollar volume of ed slowed in housings starts, has result- portionately, sales, has grown from a shortage of available 203, 696 in 1963 to a record Red housing, Bank according Area to members of 099,512 in 1967, reflecting an Mutliple Listing age sale price of $24,500 in Service. a present average of $30,000. This group of realtors, which indicates both high quality operates the nonprofit service to ing in the area as well as offer an i organized market place steady rise in appreciation of in real estate for the benefit of property. the public, has grown from 33 Land Scarcity charter members in 1961 to its Scarcity of land contributes present 46 members, some of the rising cost of housing, as whom operate branch offices.

as steadily increasing building The availability of local hous- costs, and both factors will Ing has only slightly increased to continue the upward spiral over the past five years, from 695 the foreseeable future, listings in 1963 to 806 in 1966, but The real estate business is dropped to 747 in 1967, while sales coming a much more complex Red Bank Area MLS Cites Shortage of Available Housing profession, encompassing broad facets of appraising, land opment, 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 rea minimum of 30 hours a prescribed study before an cant can take the examination to obtain a license to sell real estate. The realtors themselves have a strict code of ethics, laid down by the national association, to which they must adhere. 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 will attend a session on data processing and computers presented by the Executive Officers Council of the National Association of Real Estate Boards in Dallas, Saturday. Mrs. Harley is a member council and of the planning committee for the council's 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 W. McKenna, Red Bank; with William M. Hall, Hall Fair Haven, serving as secretary, and Stanley K.

Downs, New Shrewsbury, as treasurer. Directors into West Long Branch Progresses In Retail Trade and Real Estate in WEST LONG BRANCH be- Steady progress in retail busi'ness and real estate continued HAYDEN, STONE INCORPORATED ESTABLISHED 1892 MEMBERS NEW YORK STOCK EXCHANGE NORTH ASBURY PLAZA ASBURY PARK 774 5100 SALES STAFF ROBERT E. O'BRIEN S. A. WERTHEIM, JR.

(SECOND VICE PRESIDENT) (RESIDENT MANAGER) MICHAEL C. ANGELO ARTHUR W. HANKINS ALFRED D. BAHARY BARNET HIRSCH ARMAND CUSANO FREDA R. KOITZ ALBERT N.

DEGANO THOMAS W. PACKARD JACK DORFMAN DOMINICK, PERSICO JOHN F. EKDAHL JERRY RICE SAMUEL FINBERG JOSEPH P. SCANLAN 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 here last year, Harry De Camp, the Chamber of Commerce president last year, reported. The borough basically has a residential character with Monies. mouth College, the Holiday Inn office building and Electronic Associates Inc. the "light industries." Mr. De 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 'N Stuff Antiques Shop has started erecting a small replica of Smithville Village. Jerry Primavera, local builder, said the Holiday Inn office building on 36, which he owns, gained 100 per cent occupancy last year and has maintained it.

Eighteen firms occupy this building including: Home. Life 1 Insurance IBM; Lockheed Aircraft; Lockheed Electronics; Sylvania 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, Rt.

36, has had a "very good year" with full occupancy in the so-called "off season" winter months. EAI reported a 13 per cent dethree quarters as comcrease in sales during, the first pared to 1966. The firm also reported it had about 2,300 employes at. the year's 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- AS HERON GROSSINGER HELLER years of 41 insurance service yet, while we're old in years, we're young in ideas and our approach to your. insurance needs and while you won't find our offices glamorous, you'll find they are efficient and geared to 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 commercial, industrial or home insurance. There is no obligation for consultation. Insurance Is our "ONLY" Business GROSSINGER HELLER AGENCY Broad and Mechanic Streets, Red Bank 741 2100 Days 747 1403 Nights clude John T. Lawley Lawley Agency, Middletown; Ellen S.

Hazleton, Rumson; 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 Shrewsbury.

Walker Walker also has a branch office in Holmdel. In New Shrewsbury, in to Mr. Downs, "are the Adams Agency, Curtin Agency and Edward A. Hanlon, In Middletown are the Applebrook Agency, Navesink 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 Tuesday, Jan. 23, 1968-7D Ted Hall Agency, the Low Agency, A. Fred Maffeo Agency and the Ray.

Van Horn Agency. In Rumson, besides Mrs. Hazelton, are Dennis K. Byrne, Glazebrook Associates, William H. Hintelmann Firm, McAlister AgenJoseph G.

McCue, John L. Minugh Agency. and Sterling Thompson Associates each have branch offices here. tor, reported 87 building permits were issued last year, including 18 for new homes and five others for Monmouth College dormitorIn 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 are 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, Bent on a business of your Check today's Classified WE TAKE PRIDE IN SERVING THE COLONY RIDGE ROAD AND THE AVENUE OF TWO RIVERS RUM SON DINNERS A LA CARTE COCKTAILS Serving the Finest in Food and Home Size Cocktails PHONE 842 9827 00 YOUR RESERVATION APPRECIATED OPEN ALL YEAR CLOSED MONDAYS Ads for the latest offers, BECKER Hardware has been helping People with Lawn Problems for YEARS Morris Becker Joseph Becker 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 products.

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 Arthur Becker to help each and every one with any and all lawn problems. In this coming year, 1968, we would like to serve you.

May we? "Serving Monmouth County for Three Generations" BECKER Ha Hardware 197 SHREWSBURY AVE. (corner Catherine St.) RED BANK 747 0465.