The Birmingham age-herald., 1917-04-26
.CARSE REPORTS ID
 STOCKHOLDERS OF
 REALTY COMPANY
Optimism for Future Indi- cated At Annual Meeting of Company Held
 Yesterday

NO changes were made in the organiza- ton of the Birmingham Realty com pany at the annual stockholders meeting held at the offices of the company yes- terday- Directors for the ensuing year were elected as follows:
 l. C. Beatty, John M Caldwell Henry R. Carse, Culpepper Exum, Moses ". Joseph, John London, Robert A. Terrell, William Woodward.
 The directors met subsequent to the stockholders meeting and elected these officers:
 Henry R. csall president; I. c. Beatty general manaser; Frank Norris secretary and treasurer; l.. M. Meriwether, assistant secretary; P. M. Johnson. assistant treasurer.
 The feature Of the stockholders meeting was the annual report of President Henry R. Carse, which was as follows: ITO the Stockholders of the Birmingham
 Realty Company:
 The statement of the company at the close of the business, March s1. 1917, ifs herewith submitted.
 ASSETS.
 SlOChS, accounts recelNaDle,
 bills receivable and cash......$ 9S3,S77.17 Real estate .,................,..... 1,035 426 06 Material supplies, etc........... 1,300.0O Total .s2, ,0O0 6o3. B
 LIABILITIES. Common stock outstanding. .S1, ,299, 500. % Bills receivable discounted .... 13934,64 Profit and loss .................... 6S70eS.5 .59 Total ........................ .$2, ,000, eos 23 Sales of property for fiscal year..$ 97,479. IS Income from rents, Dolcto quar-
 ry, interest and other sources. SS, ,729.77 Taxes and city assessments for \ streets and sewers ...........$ 5O,037.O Street improvements, repairs
 and building erected for renting 11,9600 07 New homes for purchasers of
 company's property ............ 104, 299 50 Tn common with practically all other communities in the United States the real estate market in Birmingham has remained very quiet during the past F months. We have, however, passed through period of depression and liquidation safely and a careful analysis of the basic resources of the Birming- ham district should convince the stock holders of the certain future growth and development of Birmingham, with which the prosperity of the company Is so closely allied
 The unprecedented demand for steel and iron products and coal at extremely high prices should be reflected in great prosperity in the entire district.
 "Intelligent effort has been made, by the company, looking to the establishment of diversified small industries and the management will continue to use every reasonable means to secure such pants Several such industries have been secured during the past year on the property of the company.
 There has been organized bureau to secure an equalization of freight rates for the merchants and manufacturers of Birmingham, and it is confidently ex- pected that the work of this bureau will be of great benefit to the entire com munity.
 "Folowing the policy of the company of distributing liquidation dividends from funds. derived from the sales of lots and collections from notes, not needed in the development and operation of the company, the board of directors declared a liquidation dividend of per cent, pay able october 1, 1916, and another dividend for the same amount. payable May l, 1917."