Business & Finance: On Long Island

The battle front in real estate remains, of course, Florida, where the boom is still in full swing; but there is indication that subsidiary fronts are or soon will be established elsewhere if present conditions continue for much longer. Long Island appears already as a likely spot. A few months ago a restricted but dramatic boom appeared at Rockaway, where real estate prices skyrocketed at the prospect of a shore development.

But last week attention was shifted to farther out on the island, when the Phipps Estates— of which Henry Phipps, Pittsburgh steel man,...

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