Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1891-12-27
DEMANDAND SUPPLY
ANOTHER BIG SALE or ELIGIBLE LOTS
AT NEWPORT NEWS.
The Logic Of Investment Working ifssif
Ont Sooner than Expcctad-Ths Ad-
vance in Values.

NEWPORT News, December 25.-The logic
of investment to which have referred in
previous letters from this place has begun
to work itself out sooner than expected,
though not sooner than was consistent
with business foresight and sagacity.
have alluded more than once TO tho fact
that other clear-headed financiers. con-
sideriug tho conditions that exist Mt New
port News, could not fail to profit by the
example Of the Newport News Building
Company, composed mostly, OF Richmond
parties. which recently purchased three
hundred lots from the Newport News Com-
pany. The plat of the last named com,
pany. as have explained. is in the natural
extension of the place and the three
hundred lots were bought tor the purpose
of being built upon in order to meet par
TALLY the inevitable demand for houses oc-
casioned by the rapid development OF the
place.
ANOTHER BIO DEAL.
Now 1t is learned that through ono OF
their agents, Captain j. :. Lipscomb, or
Durham, n. c., the Newport News nom-
pany have made another big deal. Ihey
have sold to the North Carolina and New
port News Company 17S lots in the same
magnificent plat. This North Carolina
company is composed largely OF wealthy
capitalists of Durham. n. G., and the syn
dictates mean business. They have MADE
the first payment on the lots. and will also
begin building operations at an early day.
STILL INADEQUATE.
Yet both of these syndicates, the Rich
mond one and the Durham one. may
build TO the utmost capacity OF their hold
ings, and 1t is a safe prediction that there
will still be crying demand tor houses.
Every day there is accommodating evidence
that the vast TRANSATLANTIC fleet enterprise
here. the ship-yard. the dry-docks, the IN
creasing business OF the railroad. ana tne
minor industries is still further compli-
eating the problem, How shall we house
the people?" and is still further accentu;,
ating the fact that there must be rapid
advance in values of real estate here.
The taking upof AIS lots of the Newport
News Company by two syndicates, IN al
dition to the large number sold to indl-
viduas, within the course OF few weeks,
and that in O plat that the city 10 com:
Delled to grow over, plat in the line OF
the extension of all the city's improve
ments, such as lights, water. sewerage,
street railways, confronts the investor with
the simple but most important question OF
supply and demand. IL does not take any,
thing like supernatural acumen TO see that
every building put up by either OF these
syndicates or individual purchasers must
enhance the value of surrounding and con-
tiguous property. Nor does it take super
natural acumen TO appreciate that the
sooner one invests. whetherin one or more
lots. either for building purposes or TO
hold for higher figure, the greater Will
be his profits. 1t there was certainty OF
increase, q safety of investment here be-
fore the North Carolina syndicate made
their purchase, what must be said on that
point now? 1t is rather reflection on the
intelligence of the average businessman
~ oak