New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1902-09-28

ably will turn away from it and possibly do bust
ness in some other where the prospect for buy
ing and selling may not be SO good as IN the one
Of their own liking. BY some of the giants in the
market this Is considered to be excellent way
Of u,la7ninp and operating. The reason for this
is that there are likely 10 be quick profits
in a district where there are signs Of life and Of
a growing demand than in those where there Is no
apparent activity. The cause Of the activity should
be known TO the person entering the district 10
invest or operate and if he is not able TO learn to
what the activity is due. it is said that it would
be far better for him 10 return to his old fields
than TO venture into new ones IN rear and trem
bling In speaking about realty conditions few
DAYS ago one Of the leaders of the market had this
to say:
The fine pictures which have been drawn of the
future OF the Greenwich Village section OF the city
Of the last fevv weeks have married their beauty
considerable degree Ihere IS n" Wy OF telling
how many negotiations nave oeeh begun TO puI-
chase properties III the section, but this much,
trict last season which brought JOY TO many real
estate men has apparently gone not TO appear
The reports Of the weekly transactions would
seem to Indicate that the many persons who have
been sneaking for a long time about the future of
the district in glowing terms are wear anu
have not the courage OF their convlctlons and are
waiting fearless operators to give them
their cue agsn m tbj sacTion but it is for
builders and others TO say how profitable such I'M
In the seCtior at figures which small in com
parison 10 the prevailing prices IN oIaet OF
the CITY but some of them may not De cheap at any
nrfce II is GOOD 70 bear in mind in studying real
estate deals realty matters that WhaL may S, Dc
a bargain one man "ouId ne an eief1ii' -
some neorle have referred TO the real estate mar
ket as business requiring great fnertdl fisoi d+Il
demanding the closest attention even 10 lhe Snld-
est sales and transactions 10 he
this great civ will be found almost lhlunleIdoie
kinds Of businesses and the real estate iidi -
a builder or improyer or VINO diill|eI 10 go
advantage what others bulId must I'd 81
idea Of the needs of these businesses aIln De apre
10 rIace each in the best location. ne average
layman NAV think that the bul!oiIS % NJ! =:
buildings within short distance or one diloteI IN
the Tenderoin district might De the mos p Ie
tT,-sS+,e+ g. a builder or an but II he
was asked to show how II corid pc u olI'toLc 4i
would surely be unable TO give a gtou an 800
think that the majority OF real eSSHte liei ia
quickly saw that the project would pc an ullHiSe
one and would he able 10 back up their views with
an argument that would be convincing - Sli"LCe
10 use his reasoning faculties Is oereo 10 the !dy
building 10 erect on the Searles properly az me
northeast corner of Thirty fourth-st anu 49, ;
This study should reveal 10 him tns lie dI me
experienced required properly 10 decide no" pest 10
improve the premises ,,..soa MIL, tho val
estate market TO be Of the OPINION tildL Ieal
estate values seldom go downward Anu MOI e
over that few men fail in the redlIy Htlu ~ ny
there are many persons who became idenuneo VITA
the real estate market more than score u Seits
ago who have been waiting for the day VIII IiIsy
could withdraw from the market; not ~ .4iote
money than when they entered II, but win Just the
money that they invested The cause OF liier IAN,
real estate investors is plain. iheE inpeStSa
in districts where there was ooofn aIia Nhere
take they held their property. in expectation OF
selling without suffering any severe loss IN a lew
years the time when they could sell at nsure
slightly higher than that at which they nouSht did
come until recently. Many who could not wait
lost their entire investment the greater part or
IT, Valuations continually fuctuating- There