New-York tribune., 1922-03-12
By Abram eist

The year 1922 finds Newark healthy
from the property viewpoint. It is one
Of the few cities in the country where
industrial property 10 almost at pre-
MUM. In fact, industrially as well as
&C ommercially, Newark has more oppor-
tnnities at the present moment than
ever before in its history
lndustrially Newark has advantages
wnlch many years ago distinguished it
as g manufacturing community. Re-
cent revival Of interest in Port Newark
emphasizes the natural advantages of
the city in the way of water transpor-
tation. It's ample railroad facilities
not only have drawn the attention of
metropolitan district manufacturers to
Newark, but have stimulated great
demand from the Middle West Freight
delays resulting in tardy deliveries
have forced a number Of manufsct''r- t'',s
ers to move their plants west Of the
Hudson. An added stimulus to this
movement has been the freedom of New
Jersey industries from state income
taxes. which has resulted in q general
growth of factories in Newark with ex
ecutlve branch Offices in New York, but
twenty minutes away.
Favored by Nature
The natural industrial advantages Of
Newark have been reflected in other
ways. The diversity of the city's in
oustrles has resulted in an excellent
supply Of all kinds Of skilled labor, in
aooitlon to large body OF unskilled
, ,apor. Th's condition contributes to
Ne"arks enviable reputation OF having
minimum Of labor troubles.
Our favorable conditions caused a
rapid expansion Of industries in the
state stat; and city during the war neriod
lnat TINS expansion was not an un.
hesithy one is attested by the fact that
tne wars end has brought no general
jumping OF manufacturing properties
on the market. Newark eniovs tbe
distinction of being ore Of tie fory Sy
centers i'll the country where little
space is available for Immediate oc.
cupaacy. Sites here are generally con
sldered more attractive from the poin.
OF view OF price than in most othe.
Eastern industrial centers with similar
Iacllltles. These conditions have in
nuehced the real estate market in 3
measureole degree, some large proper
ties having recently changed hands.
Retail Trade Profits
1t may be inferred that our healthy
industrial situation has. had a stimu-
latlng effect on mercantile conditions
Because of the diversity of industries
emp oynent conditions here have beer
better than in most communities anc
have been reflected in local retail busi
ness. AS a result, store locations il
TINS city are at q premium. The retail
dlstrlct IN Newark is Offering les.
available space than many industra
towns throughout the country. Ex
panslon Of the retail district is nov
going on. The centers Of traffic ar
spreading conservatively and mer
chants reports are very encouraging
The average individual wealth ha
greatly increased. Much capital ha
. been awaiting opportunity for invest
ment. There have been many sales O
business properties on the main reta;
thoroughfares we'll as in outlyin,
residential districts.
The mortgage loan market ha,
: been active. Institutions are -loanin.
money freely and are more than eve,
recognizing the stability of real estst,
mortgages as permanent conserva
tive form of security. This is reflected
in the tren,endous number of build
ings now being erected for housing
purposes.
The municipal authorities are keep
ing pace with the commercial develop
ments. The City Commissioners. re
alizing that new era OF building con.
struction is opening up and that delay
would result in great loss because OF
later increased cost 81 improvement
have decided on the widening of many
streets. Park Place. one OF Newark