The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1918-04-25
BUSINESS IN
FINE SHAPE, STATES
PRESIDENT CARSE
Annual Report of President
of Realty Company is
Epistle of Afternoon
PATRIOTIC CAMPAIGN
BRINGS GREAT UNITY
Dividends to Be Paid in
Liberty Bonds-Rentals
Better Than Ever in
History of the City

The annual meeting of the blrmihs
h., Realty company was held in the
offices of the company. 211S First ave-
nue. at noon yesterday
The meeting was short and business
like. the feature being the annual re-
mort IF President Henry r. Carse.
The following directors were re-
elected. l. C. Beatty, John M. Cald-
well, Henry r. Carse, Cuipepper Exum
Moses V. Joseph, John London, ROD
art Terrell William Woodward
AT meeting of the board of di-
FACTORS officers of the company were
reelected as follows: Henry X. Carse'
president; L. Beatty, general manager
Frank Norris, secretary and treasurer
IL. NJ Meriwether assistant secretary;
p. M. Johnson. assistant treasurer
The text of the report Of President
Carse. reviewing the operations OF the
company during the year just closed
and commenting upon real estate ana
general conditions in this city FOL
lows:
| The statement of the company at the
close of business March go, 1913, is
! herewith submitted:
ASSETS.
Stock, accounts receivable,
bills receivable and cash$ SI2,9i0.52
4
Matarial supplies etc. . 100000
United states Liberty Loan
| Bonds Observation-Disclosures. oV,oo'.oV
! S1,939,s11.so
| LIABILITIES.
| Common stock outstand
| ing NEUTRALITY-SUSPICIOUS.. .$l, zss,ooo.ou
| Bills receivable discounted. 1,96fJ2
Profit and loss ........ 63S,244.4S
$1,939,Sl1.S0
Sales of property for fis-
cal year ................ ll1,VV".Vo
| Income from rents, Dolcito
quarry. interest and 9th
| err sources .............. ol,9la.tu
TAXES AND ASSESSMENTS.
| Taxes and city assessments
for street and sewers. SoS,S46.25
] Street improvements, repairs
and buildings erected for
renting ............ 13.5o4.cO
| New homes for purchasers
of companys property. 5,45l,46
Regular dividends .......... ol.9Sf,0o
Liquidation dividends 64,sso,eo
During the past IL months many in
dustrials Developments have been made
| in the Birmingham district and the
| basic conditions for an extensive mar
| ket for real estate are better now
| than probably ever before in the his
tory Of the city. Additions have been
! made to small and large plants, while
active work has been progressing on
the steel finishing plants of the Ten
nessee Coal, Iron and Railroad com
pany The coal mines have prospered
\ and all plants engaged in work at all
connected with war preparations have
/ run at full capa city. The construction
by the government of the nitrate plant
at Sheffield will mean much to the
Birmingham district
! RENTAL SITUATION
The rental situation in the district
is in better shape now than ever be-
fore. owing to the inability to get
the labor and material to build new
j houses, unless the same are connect
ed with industries engaged In war
| work, the supply of rental houses Il;
now smaller than at any previous pc
riod and the influx of the necessary
officers, superintendents. clerks. ETC.,
for the plants being erected in Pos
sum valley will only accentuate the
demand. These conditions will, un-
doubtedly. bring about very large
market for residential property as soon
as building material and labor can be
secuI ed with which to build residences.
1t is safe to say that Birmingham
real estate has now better future
than for a long time for the necessi-
ties of war have forced development
of the resources OF the district which
ordinarily would have taken many
years to h-'.>e about.
TRAFFIC BUREAU
4 The 4.fsic bureau. referred 70 .
tcontinued ON page Eleven