The sun. [volume] (New York [N.Y.]) 1833-1916, 1910-11-27

sold at the rate of 81 500 lot. II il suita-
bic for factory sites or for tenements for
factory operatives The dey ious twistinCs
OF Newtown Greek have been Strengthened
out. deep water channel dredgei and
new docks built along its extent. thereby
opening up much Of the interior for conn
m.gcill uses.
In the asst year the Packard tho Palmer
Singer and the Brewster automobile COM
panies have erected big new buildine .,
near the terminus Of the Ouecn~bO ro
Bridge. The Ford Motor Company re-
Gently broke ground for a mammoth plant.
and the Lozier and other companic. have
purchased sites for factories. Still other
concerns are negotiating for land ia that
vicinity. One real estate broker alone
sold more than 81 .OOo. 600 worth OF property
N Long Island City during 1909 All this
has meant the erection of hundreds of
fats. tenemenIs and two family houses
20 the east Of Long Island CRY. where the
truck farms and tine s7ars"ly settled
villages used 10 be. The situation will
he still further aggravated in IN. near
future for the Pcnnsy ivania Railroad plans
10 move an army Of workmen from Jersey
City 20 Long Island City soon after il
starts trains running through the tunnels
from Jersey. and all the compnny'- pas
senger trains are stored IN the sunny
side yards. This will require 5till further
cheap housing.
From Flushing Sr.s.k asstward to Port
Washington Il distance Of Nv enty or thirty
miIc~ th. North shore of tn. island has
been laid out in residential G.v"iopn.nts
made up Of subdi, isions VARYING in size
from an ordinary city lot Of 20 toy 100 To
five acre pArC,,ls. What part of the Sound
frontage IL not owned By dcy .opru.nt
COMPANIES IA Incorporated in III" country
homes OF wealthy Is.opi. Hardly a foo,
Of land along the waterfront il IN IN. mar
ket to-day
/ Values along tho North Shor. have sd
yanced wonderfully within the last Ave
years. Here il one example: When IN.
boom first began a certain syndicate
bought tract IL several hundred acres
on a neck ~ land just east # th.. boundary
line Of Quesns. Tn. priCr was sJSO an
acre. A ys1r later TINS syndica'" sold out
tp groupo Of MesterUrrs for 81 .0CO an acre
Six months aft"Twhrd IN. Western syndi-
cat" sold OIle-hsslf Of ths property az the
rate of 81 $40 an aero. About two years
ago tn. men who had sold the land to the
Westerners at - .DtD an acre bought back
the land stlll remaining ~ 81 80 an acre.
They Laid u out ia lila plots. pat in street
and sIbsurfaCe improvements and are
now retailing II In SINAI! plots at the rate
II s. go an acre. this figure. 81 course.
Ia, in; ~ tn" cost 81 tn" improvements.
There were several parties to the land
boom on Long Island: the sp-culator
who bought land IN the rough from farm
err or from estates and Dieccd Il together
in large tracts OF regular outline: the.
developer. who sinOothcd over the natural
irregularities. Ia id out streets on the sur
face installed sewers. water mains and
gas ducts; tho builder. who erected houses
on tins. newly made blocks. and the small
buyer who ia. Sted his savings ~ ih.. lots
and The. houses. The sp"cuintor kept on
buying up NOR" lard as long A. h- could
turn his purchases over To the developer;
the developer and the builder ia turn CON
tintIed their activities a. long a. ih..ra
was "A market for vacant lots and for
hOiise>s in the suburbs. The demand ex-
iSi..d az long a. ths small buyers money
lasted When the savings hanks had
been depleted OF these small deppsit- the
savings u th" twenty odd years that pre-
oeded the Land boom. the entir. process
sion slowed down.
AZ 'h'. present time the North shore IL
lined with CotiIg" colonies ~ far ont A.
Port Nh-hIn gtOB and with big estates
from that = INT east ward TO WaGing River:
the South shore summer resorts have