Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1891-12-20
INVESTMENT LOGIC.
THE SITUATION AS REGARDS Pro
pERTY AT NEWPORT NEWS.
The Advertisement of Those who Periodi-
calIy visit the Piace-Tho Matter
OF Buildfng Operations.

NFwroRr News, December 1e.-Is much
property changing hands in Newport
News? was asked the other day. Well,
no. as regards the old part OF the place;
YES. for this season Of the year rs regards
the natural territorial extension Of the
place. The fact is that while property can
be bought in Newport News as it can be IN
any place, if big enough price is offered,
there is no run-mad desire TO sell, and this.
II must be conceded. is one OF the best IN
dicatlons of the prosperity OF newport
News, and one of tho strongest assur Ances
OF Its certain continuous development
and growth. 49,.
THE PEOPLE SATISFIED.
The people here are satisfied with their
investments, and when that IS the case u
NAV be regarded as indisputable that
there is TO be q steady. permanent, and
q great increase in values.
While those who live here are, OF course
conscious that the place Is growing all
the time II is the man who has invested
here and only makes visit every one or two
months that most appreciates the rapid
strides of Newport News. The astonish-
ment of this class is sometimes amusing
and il even leads them TO make absurd
not surprising when we consider the I'M
mense demand for houses in spite OF
the continued building operations.
Values at Newportskews are not going 10
multiply by the hundreds, and there are
not millions here in single corner-lots no
bigger than ocket-handkerchlei, Dut
there isn't q lot In the place or IN the hoe
OF the city's extension that IS not going 10
be worth in SIX months vast deal more
than was paid for 1t. j do not III this
statement even except the lots that were
bought here at speculative prices when
there was something of the boOm-teYer on
US.
BUILDING IMPROVEMENTS.
The building improvements now going
or nd when will be inaugurated IN the
early spring will constitute a small town
in 'hemseI ges. and yet even these Will not
meet the demand there will be tor stores
and residences. The trouble about New
port News-that Is, the trouble IN one
sense-is that building has not travelled
simply pdri pdssI. with the industrial and
business development of the place, but
ahead of them. and what Win
the fleet Of transatlantic steamers
when in full operation and the IN
tiux OF mechanics TO satisfy the pressure
Oh the mammoth ship-building plant, TO
say nothing of the eyer-lucreasing frame
pansion OF the coal trade, the ability TO
house the people IS going TO tax building
operations to the utmost.
CERTAIN ISyEsrMYNs.
The man who buys n lOtnow in Newport
News, whether II has a house on 1t or IS IN
the natural territorial projection OF the
place. is IS certain Of getting back his
money with heavy interest as 1t rs possible
for anything to be certain, and the sooner
ne buys the heavier IS gong to be the IN
terest and less the principal invested. for
it stands 10 reason that capital VIII not
allow the opportunity slip TO follow the
example of the Newport News Build
ing Company. composed mostly OF
Richmond men, who recently made
large purchase of lots in one of
the most eligible plats in the logical ex-
pausion of the city, and which have al
ready made the necessary preparations for
building. The present Is undoubtedly the
propitIous time tor those who have small
capital TO put their money here either for
the purpose of holding lots for advances
or building on them-propitlous for the
reason that large capital changes invest
ment. generally the first Of the year. and
the purchaser Of to-day will avoid coming
in competition with 1t.