Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1892-04-17
MONEY TURNED OVER
A RAPID AND STIFF ADVANCE IN NEW
PORT NEWS VALUES.
m. Ersct Of visitors Coming 70 the
Piacs-Reporsed Heavy Deals
IN Real Estate.

vvw,o.r News. April ls.--The opening
If spripe has certainly fulfilled every ex-
nec,at,on and verified every prophecy IN
duloed in by even the most sanguine In
regard 70 Newport News. This city Is TO
dav more certainly on the upward grade
than n has ever been before and the pros
meet for large yield from investment Is
greater than at any time in its history: :,
know that such an assertion IL bold
ono lint the facts 10 sustain 1t stare one IN
the face. In previous letters ! have SAID
ali tho people asked was that visitors come
here And inspect for themselves and they
would be satisfied that nothing that nad
been written about the place was rose COL
ored.
WELL. THEY CAME.
Wall n great many of new visitors came
IN The launching of Ell Sud, and emphatic
endorsation has been given to the declara-
ton. Already Newport News has expe-
rienced the results of that event IN the IN
creased demand for property. THESE vlsit-
ors. many OF whom came here Tor pleasures
only. saw in one item alone-the ship-yara
and the dry-docks--the certain nucleus OF
a great CITY. giving employment to many
thousands of mechanics of the best Glass;
necessarily creating a large general busi-
ness and demanding hundreds upon hun;
dreds of houses. They talked with old
friends who had come here poor and were
now in more than comfortable circuH,
stances. They saw men who had investe9
small amounts in real estate here ana hau
turned their money over numbers OF tilnss
As q consequence some of them dropped
few dollars here, and they do not regret II.
UPWARD TENDENCY.
All through the winter values have. as
have previously mentioned, had an up
ward tendency, but very recently they
have taken decided spirit. Big investors,
approaching what the demand, Tor iots Is
going to be, have an eye on all the ianu
hereabouts. II is reported mere tnat lour
acres in the vicinity have been recently
sold for S25, 900. and that twenty-one acres
brought $4,000. What with these hgures
must be. the inevitable advance IN lots In
these plats in which Newport News Is
daily growing.
THE CRY FOR HOUSES.
/ do not 60 too for in saying that there
is regular cry for houses here, ana
naturally there IS great interest TAKEN Saw ~,
Building Company. Every dollar put IN
bricks and mortar and building timber
means more than TRIPPING the money.
The general trade of the place IS push
ING ahead with the demand for dwellings
and stores and the advance In values.
Lately good deal has been said about the
refusal OF the Brazilian line to land coffee
here. OF course our people want every
thing landed here possible, but that iine
is only one of many great steamship INES
whose shIps pour freights into Newport
News and 60 away laden with the tremen-
dous tonnage that comes over the great
system of the Chesapeake and ONO. Com
naratiyely speaking, the loss by the re-
fusal referred to would be mere bagatelie.
MARX THE PREDICTION.
The next big event In Newport News is
going TO be the launching OF III korte.. q
companion ship to FL Sud, now taking III
her machinery and boilers. mat event
takes place in a few weeks. And mark the
prediction. that those who invest here be-
tween this time and that will reap har-
vest. The going off the ways of FL Norte
will be another attraction to bring people
| here. and the outcome of again tlling the
nlace with visitors will be another BIC
slide upward in prices. Every investment
| that is made here stifens values by dimin-
isbipe the number of eligible lots on
| the market. That these values are
bound to hold requires no argument,
for the influx OF population and
| the expansion of business Is con-
tnuous Were Newport News to STOP, its
growth to.day-a thing that is impossible
| unless the sea rolls back and leaves 1T an
inland town-there would be no decline
| in the price of lots. for the reason that
were houses built on all the eligible sites
| in the place they would not properly &C.
commodate the people already here. Inc
people were never more confident and
| bouyant and they have every reason to be
confident and bouyant. When men put
down one dollar and in very few months
can pick up three for the investment. II
| is not expected they will be downcast.