The sun., 1916-12-31
Spirit of City Reflected in
Constructionof Great Build
ings Which Take Places of
Landmarks to Satisfy Need
for More Homes for Bust
ness and Population.

IEW YORK will greet the incoming
year as a greater. finer. weather.
and more modern city than II
was twelve months X Three hun
dred and siAty-nve days is not IA lens
time In which to change n city. btt u
was sufficient to do wonders Ia New
York In more han one way. Under
pressure due to the exigencies OF ,hs
great struggle In Europe and nm M
usual period OF domestic prosperity thi.
city. always the wonder OF the world.
Is q greater wonder to-day. In many
ways It Is not the same New York
which the incoming year confronted las.
January. New York then had lost II.
position as the premier investment ana
speculative field OF the world. Th1I Il
II 10 only "A ear n complete revolution
has occurred. bringing to the fore one"
more commercial and Investment opror
tunities which have made this booming
city a household word for financial
strength and position.
There is no commodity which has .r"en
benefited more than real estate. Twelve
months x realty was something whic'
I nut few people could be Interested N.
High taxes and shrinking income. doe ;
the scarcity Of commercial and residen
tia tenants, made the ownership II reai
'Ft1tC
were able to sta nd the strain. That
strain is over. aud to-day II Is the ger-
erai opinion that real estate - On thu
high road to better times. The f"unda-
ton for these roseate opinions - n''
hard 10 mud. 4 glace about .h" c'I
will show that It's commercial p"pni !"l'
has increased greatly.
Europe. unable to attend to 10 own
wants, he wing turned all resources 20 the
s.ss..ls 90 sl,a nAn hAG ~ lllaI "a. \ENs
York to supply her with many things. Iu
in such a position. New York could not
help but boom. The headquarters of the
purchasing agents Of the fighting coui-
tries. manufacturers Of everything from
buttonhooks to giant guns. found II a
business necessity to be close to the seat
Of this great purchasing power. The
little fellow, no matter rat his line OF
business might have been. had 10 fol-
low the big fellow into the city,
Ordinarily New York's commercial
population increases at the rate Of about
5000 concerns a year. This year thu
number Of new enterprises which located
hseo or were launched into the business
tsa Of New York Is several times AS
great. To man the new industries nun
dreds Of thousands OF workers were
brought to New York. Others came mere
when they heard OF the manifold OBJ
p~OTtunltleH WnlCn the Guy pIt~en'r'
Unlike the immigration before the war
affected traffic on the high sea these
thousands are not Of the pol, glot type,
but all Americans. men and women from
the North. the south. the middle West
and the far West. The extent OF the
movement to New York II reflected At
every hand.
A few weeks ago New Works hundred
or more hotels were unable to accomino-
date all who wanted quarters. u was
estimsted that On that particular DAY,
nm ordinary week day with no si'scia'
attraction In New York. 10000 persons
found II difficult to secure sleeping quar-
'ers In Manhattan. Many had - 10
I out OF town, to Garden CITY. Coiiey ISL
and, Newark. Blonxyiile. White Plains
md other places where II was though,
q hoto, M ght he found. Though thts u
"ncinr.rg enough, building stat 9fi'"
I"r the last twelve months i"' oven
more wonderful tale. n winch Coz
.'''dss WITH the opinion of real estate
men that tac tide had turned for realty.
Building statistics Tor the city. that