Business: $35,000,000 in The Bronx

That a boom in building would do much to break depression, everyone knows. That Government-financed low-cost housing will start the boom, Franklin Roosevelt's Administration sincerely hopes. Last week an announcement by Frederick Ecker, chairman of Metropolitan Life Insurance Co., cheered The Bronx and indicated that private finance could do its part. Mr. Ecker's announcement: Metropolitan has signed contracts with builders to put up $35,000,000 worth of housing, covering 120 acres in The Bronx. This development will be by far the biggest housing project ever undertaken in the U. S. When completed three...