PORTLAND, MAINE, THURSDAY, JULY 9. 1914.Rebuilding at LongWORK OF RECONSTRUCTION PROGRESSING RAPIDLY.New and Better Stores Are Now Being Erected.The business section of Long Island is arising from its temporary set back with amazing rapidity. The tire was scarcely out when plans for the reconstruction of the burned stores were under way. By this time the ground has been cleared away, the foundations have been laid, and the frameworks are being erected in a surprisingly short time.Forgione and Romano, owners of the so-called Ponce property, are to buildFire at PeaksSc-SERIOUS CONFLAGRATION NARROWLY AVERTED.Firemen Do Good Work In Preventing « Spread.Fire which broke out on the afternoon of the Fourth at Forest City Landing. Peaks Island. came near I .* causing a repetition of the Long Island t Conflagration of the week before. The * flames broke out about I o'clock in 1. M. Leavitt's shooting gallery, which was blazing fiercely in a few minutes, t 'I lie lire spread quickly in the little , frame novelty shop close by and for a ( time it looked as if the big .Majestic , Skating Rink and the old SterlingThe Famous Thunder Hole at Bailey Islandfor three stores, to will dorestructure, .'10x40tempo*fish market will and Grid in, the firm, are tempo-Pavilion where to patrons' wants under tremendous rapid-wilihouse were doomed as well. Promp action bv the Peaks Island Fire lie partment, together with the aid of tin ■Maine Naval Militia and the crews o the •'Androscoggin” and Woodbury, *• lYed these last two buildings am Aauaged to keep the blaze confined p . lr. •(icipntion of possible fires on th Fourth, chief Flaherty had sent dowi extra pieces of apparatus, and his prc caution proved to he wisely taken, a for considerable time it looked ver; much as it the whole row of stores amusement enterprises, and hotel around Forest City Landing would fal a prey to the flames. The damage i estimated at from $ir,no to $2000.