Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1893-04-02
GREAT STEAMSHIPS.
TWO IMMENSE VESSELS TO BE BUILT
At NEWPORT NEWS.
Largo Increase of Hands At the Ship
Yard-Ths Pressing Demand
for Houses.

NKwpoRr News. Va, April 1.--Shrewd
business men look forward TO this beng
the most active and prosperous year IN the
history of the place and are making their
investments accordingly. Inc conside-
rations which inspire this commence are
based on solid ground and are numerous;
| will, however, only mention one, and
this I think will be sufficient in itself TO
convince the sagacious that there could be
no better opportunity than the present
for laying the foundation OF good profits
by making purchases here.
TWO IMMENSE STEAMSHIPS.
The ship-yard has closed contracts for
two steamships to cost s2,OOO0OO each;
The WAYS FOR these monsters, which will
each be SIG feet long, are very near CON-
pleted and the keels will be laid very soon.
An additional piece of machinery neces-
sary for the building Of the vessels has
lust been put in the plant at cost OF
s35. GOO. and the already tremendous force
Of hands at the ward will be immensely IN
creased. And this increase will not be
from the population OF Newport News.
but from fresh skilled labor, brought here
from other points 70 settle at newport
News with their families.
MORE HOUSES WANTED.
The residential accommodations OF New
port News are already crowded 70 their
utmost capacity. and though fully one
hundred aud fifty houses are IN process OIL
erection, these will by no means give the
desired elbow room to the population
already here. These houses will be oc-
cupied, and still there will be many LETT
living over stores who would rent neat
dwellings, and pay good rent Tor them II
they could get them.
AGRFAr STIMULUS.
II goes without saying, therefore. that
the influx alone incidental upon the In
crease of force at the shlp-yard Will give
a tremendous stimulus TO building, and II
also goes without saying that the greatest
activity will be between here and Hamp-
ton along the line of the electric railway
connecting the two places: Another very
clear proposition is that the stimulus OF
building IN this stretch must cause the
value OF lots along the line 10 advance
steadily aud rapidly.
FORTUNATE.
Those who already own property and
stock in the companies holding these Iot'
are fortunate, and the logical deduction Is
that Others who profit by their example
will not be less fortunate. A ride over the
electric road to HamptOn-and which, by
the way, IS q most pleasant recreation
will convince any Que that the natural ex
tension of both this place and Hampton Il
over the territory through which the 70 &C
extends, and that property IN this terri
tory il going TO command splendid prices
A large influx of visitors Is looked TO
during the naval rendezvous, and many o.
these. it is known. will be on business a.
well as pleasure bent. 1t Is expected tina
during the great naval show there will b,
decided activity in property. All stran
gers who visit Newport News are aston
ished at the marvellous development .
the place. and there IS never crowd here
that ia not followed by investment and ~
upward tendency of values. The impor
tant fact. however. is that rise IN values
here is always permanent.