The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-07-04
MARKET
PAST ITS MOST
+ TRYING ORDEAL
Having Weathered Tests That Upset
Financial and Business World,
Outlook Is Most Promising

taxable s~oundness. strength and promise.
The most competent observers and
Judges Of market conditions are agreed
that fundamental conditions have not
been so sound for over a decade that the
period OF enforced liquidation Is nearly
at an end everywhere. as 1t is entirely
In most sections of the city and tina a
turn for the better all along the line IL
the indication for the near future.
One Of the main facts supporting this
View Is the condition respecting rentals.
Property Of all kinds generally 10 bet
ter occupied than II was y year or two
years ago. Continuing Limitation upon
the production OF new buildings during
the last four years on the one hand and
Q constant increase in the population Of
the city on h other have brought sup
ply OF n demand for rentable space Of
all kinds nearer to parity than It has
oeen Tor several years. In ONCE and
loft buildings the supply = still far In
excess OF the demand. and there 10 no
excess OF demand over existing supply
In other lines except in the matter Of
apartments In some sections OF the city.
Hut II ought to be borne In mind that
there is a constant demand for new
housings. and at profitable rates OF In
come In all sections of the city. The
chief activity In the building line for
s'o ioSN WV ythTr mas petn IN tne pro-
auction or new apartment houses and
tenements, and these have been rented
about as fast as finished. many Of tho
tenants coming out of the older and
less wholesome and inviting tenements
and apartments. These In turn have
succeeded In finding new tenants from
the constant influx OF newcomers to
the city
Rentals Of housings are about An
htRh n q fhay att1he 10 ~ a. ~
OF the greater city. but the demand for
new. bright. roomy quarters has always
In the past been greater than the sup
ply. and probably will always continue
10 be, at least as long as the city con-
unues to grow In population and
wealth. This is particularly true Of the
later and areproof type Of apartment
houses. Producers Of this class Of
housings ave been profting by ex.
perience. which seems to have shown
them that nothing they can build can
be too good for the people who are to
occupy their houses and pay for them.
And the same thing may be said OF
the producers Of five story "walkups."
The better. room!er. lighter those houses
are built the better they rent and sell.
The most successful builders In both
OF these classes OF housings are those
who ave got furthest away from
""N tuSA tnat the
largest profits come from crowding as
many rooms as possible OH . floor.
As to the six story elevator house,
the experience Of many builders has
LED them to abandon the type entirely.
Where the land value Is not too hiGh
they prefer the nve story non-elevator
house. but built In all other respects
equal In plan and quality to the
elevator type. Where the cost Of the
land 10 too high for this type, the eight
or nine story freproof type Of elevator
house has e found to produce the
best results.
Indeed. there 10 very high authority
for the opinion that the time has ar
rived to abandon the construction OF
n~on-fireproof housings Of all kinds In
this city. so far at least as the Borough
OF Manhattan Is concerned. But that
question 10 only incidentally an issue In
this connection.
With fundamental conditions a. sound
as they are the outlook for the near
future Is menaced only by the conditions
involved In and connected with the war.
II these shall rende money FOR new con-
struction unobtainabls The expected ad-
vance n improvement In all market
conditions will have to wait q while
longer. But that all tho conditions
CONttNved On TApA pana