The sun., 1918-12-29
Anticipating Big After War Business
Institutions Are Providing
Larger Premises

Wall Street is the pulse of financial
America Every throb vibrates through
the nation and plans are made in ae-
cordance with the reports that are
heard from The Street" In other
words, Wal Street Is the business sign
post Of the country. 1t reflects pros
per!ty or depression. whatever may be
the case. Wall Street is flying the flag
OF prosperity. Trade expansion is so
great that institutions in the Street are
increasing the size OF their establish
lishments and working forces to meet
current requirements al we'll as in
anticipation of the future.
The purchase OF three large and valu-
able properties there In the last few
weeks SHOULD not be overlooked by real
estate men. 1t is an omen Of pros
perity not only for Wall Street but for
real estate as well. because II banking
Institutions are in need of large space
there is every reason to assume that
commercial enterprises will require
larger premises than are now occupied.
Wall Street Is the first to feel depres-
Son and the first TO feel prosperity.
Apply the same principle to the eXpan-
sion Of banking institutions there and ii
naturally follows that since Wall Street
houses are providing large space for
business seen. on the horizon there is
every reason to suppose that CONNER
cial concerns will soon see the pros
petty now visible to the inanciers of
The country and will prepare for It by
Increasing the size of their establish
relts through purchase or lease.
The demand made on brokers special
ling in commercial property. at this
Tina and since the acceptance OF the
armlstice by the Germans. has been for
large space. Concerns have bought
promises when they found that leasing
would not be considered or II considered,
their control would be for a short period.
To large space held by the Government
To- contractors engaged in Government
work Is being snapped up as fast as
released by the Washington authorities.
The recent purchases in Wall Street
have flung the signal. according to ONE
re-. estate men. that he postwar bust
ness is approaching and to prepare; find
premises to accommodate the demands
mat will be placed on every class OF
industry IN the city n the country.
The purchase of the Mortimer Build
inE, at the southeast corner of Wall and
New streets, by the Stock Exchange
soVernoJs was the first deal OF the kind
n7t has come to light. The Stock Ex-
change has a large building. When com
p"'ed a dozen years ago 1t was the
opinion Of THE Street" that It would be
ample for many years 10 come. Some
eN n held the view that there never
would be need OF a larger structure.
fEt those who thought along such lines
d'd not take into consideration such an
compromising factor as time,
The Stock Exchange needs larger
space II needs II now and expects TO
B" IN greater need OF Il before very long,
TIE hoard Of governors paid Robert r.
D""l'ng a nice profit for the contract
he held on the Mortimer property. which
ho secured only a few weeks before the
rH'7.e 70 the Stock Exchange from tho
mortimer family.
The plans Of the Stock Exchange nre
not known authoritatlvely. but the gossip
~ that the exchange will alter the
building and MI It with clerks to at
tenn to the clearing of each days busi-
'eS', The extension the ex-