New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1902-03-02
THE GUIDING HANDS ARE FEW.

In nearly all the realty companies few men will
be found TO be the guiding hands behind the OPP
erations, and without them the companies would
he ike concerns without a well defined purpose,
eXertng no influence for good and affording no
stimulating force to the persons who would invest,
and who would become useful factors in the real
estate market if they were not afraid of becoming
attached to bad realty movements. The few men
who generally make the companies would be promi-
heht and In many instances have been prominent,
as Individual operators. 1t is impossible to get all
such men-men who would be successful in any
hhe OF the realty field which they followed-to be-
come identified with companies. for ali of these do
not care to take up the task of wisely investing
they are buying, selling or building for themselves
lheh there are operators who firmly think that
profitable. anu there is little likelihood of the mum
bers OF such men becoming less in the future.
long time in the market is W +. G. Gailard of
BILE attention by being active in the formation of
trust company, which is said to be the first of its
men are members OF this trust company, among
then ce eeins 6 e HSyen a p Jqiniard EIbridge
Thomas b. Hidden and II. W. Mcvickar
GENERAL CONDITION OF THE MARKET.
The Record and Guide" of March l. in speaking
about the general condition of the real estate
ket. says in part:
The real estate market. in all its branches has
Sales bays be @1 @ during the last Week
hroughoui the city They include an important
y,
the mercantile district. half dozen houses along
the line of middle Fifth-ave. and good deal OF
unimproved property. both the West Side and In
The Bronx. The buying continues to he largely
speculative and realty corporations appear i'm ever
increasing quantities. both purchasers and sell
ers, but the amount If money which is being actu-
ally invested is on the increase. The papers put
record at the Registers office exceptionally
numerous for this time of Thus in 1902. from
February II to %. there 293 COnVeydnCeS OF
Manhattan real estate recorded, involving the very
large sum of S660l. 157 In 1901 from February 10 to
20 lone day eSS). there We're only lS5 papers re-
corded. involving $3.50 l62. So far during the pres
ent year the number Of transfers recorded has In
creased from 2,2O to 2,5l2, while the amount in
ynlved by them has increased from S20,46463S to
S24 ,SO6592, and II must be remembered that the
year 1901 exceptionally active. on the other
hand, the number Of building plans filed up to
February 20 decreased from 335 in 1901 PIP I'm
80 SOB 4S5. BE it added. however that during 1901
there large number of building plans filed
involving a larger sum of money than during any
year. but one in the past history Of the city. The
outlook for a large amount OF building this
spring is good At present tenement house
plans held back because of proposed modihca-
tons in the law, and are informed that many
plans will ne filed soon these notifications
go into effect \ good many apartment hotels are
still being planned for erection all over the city
and very large numbers Of mercantile buildings
on the whole while the figures OF the filings for
the present are likely to continue smaller than
the year before, the work actually under way will
be great. If not greater for In many cases the
buildings for which the plans filed late in 1901
not yet even started.