The Birmingham age-herald., 1914-04-09
Sales for Past Year Amount to Over S241 ,460-Offi-
 cers Reelected
PRESIDENT CARSE
 MAKES HIS REPORT
Automobile Line to Norwood Will Be Established by June l-Business Outlook Is Good-Buildings
 Worth S122,074 Erected

With Henry Carse. president. presiding, the annual meeting of the Birmingham l Realty company was held yesterday it | the company offices. His report was sup
 lnitted. for the year, which disclosed that tie company had sold s241,4 AGO of prop orty during the F months covered by
 the report and that houses worth ap-
 proximately s122074.57 mad been built, principally in Norwooe, for purchasers of company land.
 The report shows that the company had paid in street improvements, taxes ani other assessments and in erecting buildings for rent the sum of $l24,SlSos. The report of President Carse. who is a,so vice president of the Hanover Ma tional bank of New York. says that nusi- ness Is readjusting itself fast and that improved realty conditions may be con- f,dently expected. He also says that the automobile line in Norwood win be estab- lished by June, in lieu of street car service.
 Officers Reelected
 The old officers were elected with the ' as follows: Mir. Carse. president; l. Groom Beatty, general manager; Frank
 Norris, secretary treasurer; J. w. Ha'e'
 assistant secretary; l.. M. Merriwether' assistant treasurer and John London
 counsel. The directors elected were the following: MT. Carse. MT. Beatty, John NJ. Caldwell Culpepper Exum, M. V. Joseph, R A. Terrell, William Wood-
 ward of New York, president of the Han over National bank and Mir London Ihe executive committee is composed of MT. Joseph, MT London and Mir. Woodward. Che report of Mr. Carse in detail fol- lows:
 'To the Stockholders the Birmingham Realty Company
 ..The statement of the company at the close of business Marcn sl, 1914, is here with submitted;
 Assets.
 Accounts receivable. bills re-
 oeivable and cash. ...........,.s Sso,o42 S5 Real estate .....,...............i l.ooO,224.'s
 Materials. supplies. etc........ 5,oes.s2
 sl,sss.s2o P Liabilities:
 Common stock outstanding .sl ,29s, ,6co. % Profit and loss s... 6Ss,72o. 2 s1, ,ss6. .S2o 2
 Sale of property for the fiscal
 year .-................-........s z4lseoo," Il come from rents. interest Dolcito quarry and other sources ..................t.-.-... @s,ec-, -4 Taxes and city assessments for
 streets and sewers. 1o,o71 .3s Street improvements, repairs and buildings erected for
 renting .................-.....'. i@4,oio.oo Naw homes for purchasers or company property ..........,... l22,oH.o'
 The fiscal year ending March 31 has leen a period of readiustment not only in Birmingham but through the entire country and the sales of our property have not been as large as usual, but
 during this time substantial developments have been made on our lands so that with the improvement in general busi- nc ss that is expected shortly, we will be in position to meet the varied de- mands that will arise for residential property in the city. now having choice lots ready for occupancy on both the iioith and south sides.
 Auto Line to NorwoOd
 '.The question of transportation for peo- ple desiring to locate along Norwood boulevard has received great study and thought and the directors of the com pany have decided that the unique home attributes of the property bordering on th.. boulevard which is intended always to be maintained as beautiful park way winding through that section of the city. would be better served by the es- tahliahment of a high-ciass line of motor bnsses than in any other manner thus avoiding the noise incidental to the oper- ation of street railway cars and main- .aining the seclusion of the home en- vronment Arrangements have. there fore been made for the operation of four tusses of the. best type constructed, which are expected to be running about | June l.
 'The contract with tne Norwood Trans
 DO, tation company will require prompt and ample service and the maintenance of the busses ini most cleanly condi- ton, especial attention to be given in the service to the comfort and satisfac- ton of the ladies and children. The busses will pass downtown the railroad termi- i;ais. hotels. principal stores and office buildings.
 The development at Chestnut Hill. near the Country club, are approaching ccmpletion: numerous lots have already been sold from our map and active house building is expected during the summer and autumn. Some of the finest homes | in Birmingham will be erected on this property, which is acknowledged to be the best location fin the city. The inn rrovements made by the company have been made in a manner fitting to such property.
 "Refular quarterly dividends at the rate ct per cent per annum have been paid on the common stock of the company. Respectfully. HENRY R. CARSE, President"