New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-01-18
EXPECT Buster
TIMES ON |. |.
North Shore Likely To BE
Foremost in ConStruc-
ton Work.
IN GREATER CITY
DUAL SUBWAY AREA
Increasing Confidence Indicates
Bigger Demand for
Properties.
BY u. :. M'kNIGHT.

President Of th- Mcknight Realty COMPANY
There arc three factors which VIII con-
tribute 10 an active real estate market
on the North Shore of Long Island TINS
YEAR. The first factor is general return
nj ontipois,n and new enterprise in all
lines Of business throughout the country.
The revision Of the tariff and the bank
ing law are accomplished facts. The gen
cral effect OF revision of the tariff upon
the money market was largely discounted
before ii became law. Since the chahse
in tariff schedules became operative IN
dustries affected thereby have oeen ana
are adjusting themselves 10 the new con-
ditions without much apparent disturb
ance to trade.
TIE revision Of our currency laws max
ing the system more elastic, broadening
commercial credit and distributing the
reserve money TO many centres is 4
great accomplishment that Is instlllinS
confidence every day 1t presages an era
~ upbuilding from governmental sources
and a reversal of the tearing down policy
OF recent years The lifting of the pail
Of uncertainty. the return Oh commence
and optimism mean growing activity anu
business expansion. This means actiFty
in real estate The investing public VIII
return to the market this spring.
Tn. second factor is the completion OF
contracts on the North Shore DIVISION OF
the Long Island Railroad for removing
Grade crossings and changing the motive
mower from steam 20 electricity. inns
section now has through electric service
from the Pennsylvania Station TO for'
Nyasbincton. Tho time 10 FLUSHING Is
6f,een minutes. TO Bayside twenty MIN
utes TO Great Neck twenty-six minutes
{, we'll lighted. well ventilated cars, no
crowding and all passengers comfortapiy
seated. The inclusion of the North onoie
in the dual subway system ana the sish'
ing Of operating contracts by ooth 'he
1nt.rborough and Brooklyn Rapid Tran
s,t comnanies to operate these lines JOINT
i, r,ace this section of the city In an
unprec.dented position OF advantage
The construction Of the Astoria line sho
IN. Corona Bayside line, which are to
cary. the North Shore, is making raplo
nroeres,. They will be in operation fuily
,bres wears in advance Of completion oil
the general dual subway system. FROM
the same station along these lines d pas
senyer can take either the lnterooroush
or the p. r. T. system and for one rare
20 TO any part of the city.
The North Shore promises TO leau III
,ba returning tide OF realty activity ana
hold that position for some years
The third factor is that during the
..n.ral depression OF the last five years
a.. building operations on the North
shore have grown year by year Where
farms were in 1905 now are Lawrence
Manor and Bayside-flushing' deNeiop-
m.nts OF the Mcknight Realty company
The !. 500 lots purchased in these develop
n,ents in 1907. 1905 and 1909 have been
eliminated by being built upon and are
now the homes of the original purchasers
or OF those who bought from Original
purchasers This absorption OF sold lots
by buildings has created large connuh-
tiles and liquidated the lot market. There
must be an active market for the reHi
estate operators of this section this year
az they hold most OF the available lots
necessary for continued building.
The demand for homes has grown larger
each year, all through this period OF de-
preston. With "a return OF confidence
and optimism this spring, there Will be
a double demand-an increasing demand
for homes and demand for investment
We look for good business and growing
activity all through the year on the
North Shore We are convinced the
North Shore will be a leader in suburban
real estate for 1914.