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,...

Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!