Birmingham state herald. (Birmingham, Ala.) 1895-1897, 1896-05-09
CONCLUDED THEIR LABORS
Work Accomplished by the Four
Large Corporations.
THE NEW OFFICIALS NAMED
The Attraction of New Industries to Birming-
ham Was One of the Main Subjects
Discussed.
1E NEW OFFICIALS NAMED

The officials of the Elyton Land COM
pany, Elyton company, Highland Avenue
and Belt Railroad company and the Biz
mingham Water Works company closed
their annual meeting about noon yester-
day, having finished up all of their BUSH
ness.
The officers elected for the companies
are as follows:
Elyton Company.
J. K. Mcdonald, president; L. P. Worl,
secretary and treasurer; A. L. London,
general counsel.
Board of directorsAJames T. Wood
ward, A. M. Shook, F. NJ Billing, Boiling
Hall. J. K. Mcdonald, b. j. Baldwin and
A. 7. London.
Highland Avenue and Belt Railroad.
Board of directors-F. NJ. Billing, J. T.
Woodward, A. T. London, Boiling Hall
and B. J. Baldwin.
Elyton Land Company.
Board of directors-B. J. Baldwin, J. T.
Woodward, r. M. Billing, Boiling Hall
and A. 4. London
Water Works Company.
Board of directors-J. r. Woodward,
B. J. Baldwin, F. M. Billing, p. H. Earle
John NJ Caldwell, A. T. London and Boil
ing Hall.
The directors reelected the old officers,
as follows: ]. T. Woodward, president;
p. II. Earle, Vice president; w. J. Miner,
superintendent and general manager; J.
f. Graham, secretary and treasurer; A.
t. London, general counsel.
The Highland Avenue and Belt railroad
Is owned by the Columbian Equipment
company, the last payment being due
June l.
The water works company declared
their annual semi-annual dividend of 8
per cent.
President Mcdonald at yesterdays ses-
sion made the following report
Birmingham. Ala, May 5, 1896.
To the Shareholders of the Elyton Com
pany-
Gentlemen: The annual report of the
treasurer is herewith submitted, showing
the present condition of the company as
taken from the books with a statement
of operations for the year ending March
l. 1896.
You will see that the sales of real estate
were $43.9SS.40. OF this amount about
$4,000 was sold at auction in May, 1895.
Deducting this from the total we have,
say $34, 900, of which little over $40, 900
was sold in the latter half of the year,
indicating decided improvement within
the last six months.
Demand for Lots.
Naturally the operations in real es-
tate have SO far been confined in a great
measure to improved property, and this
will no doubt continue until this class
of property Is taken up. The demand for
residences is now fully up to the supply,
and am convinced that in the near flu
ture there will be an active demand for
building lots. So that it is safe, in my
opinion, to expect a constantly increas-
ing demand, for your property. Prices
of real estate are now lower than at any
time within several years vast, and in
making sales we have been compelled to
meet values fixed by what may be called
forced sales, yet Notwithstanding this
fact the prices realized during the past
six months have been in most cases fully
up to the appraised values, and in a num-
Der of instances slightly in advance of
same.
Unimproved Property.
Your attention is called to the fact that
there is now very little demand for I'M
improved property and that the demand
for locations for manufacturing enter
prises calls for the practical donation of
the ground by the owners in the interest
of the general upbuilding of the city
through the location of Industrial enter
prises. ~
Resident Property.
It is therefore evident that your COM