^PROCEEDINGS 



OF THE 



Indiana Angus Cattle Breeders' Association. 



The jKHiual ni«>»>ting of tho Indiana Abcnlecu-Anjius Cattle Hreeilers' 

 Association met in the Supreme Court Room. State House. .lanuary n. 

 The attendance was very good. Tl)e meeting was caHed to order by 

 President W. K. IMci-.k. (Treensburg. who delivered his annual address as 

 f(ill()\vs: 



• » 



PRESIDENT'S ADDRESS. 



W\' come together in our third annual meeting as breeders of Angus 

 cattle, under perhaps, not as favorable conditions as we have in other 

 years, yet by no means should we be in any measure discouraged or 

 grouchy because we are not able to Hnd as ready sale and at remunera- 

 tive prices as in prior years. Our business, the same as all other lines of 

 business, has its periods of inflation and (h'pression, each usually gov- 

 erned by natiu'al laws of supply and demand. The descending scale of 

 prices received, during the year .iust closed, for fat cattle off (uu- farms 

 have to some extent lessened the inquiry for, and sale of, pure bred cattle 

 for breeding purposes. This condition, we think, is only temporary, and 

 will soon be succeeded by noinial conditions again, and we, as Angus 

 Iirecdcrs, will be well repaid in tlic fuluic li.\" the iirescnt deiiressioii. for 

 many reasons, one of \vhi<h is that no matter what the market price of 

 fat cattle ma.v be the Angus still keeps just a little in the lead of all his 

 competitors. W'c instance this in the Inti'i'iiational sales, where twenl.v- 

 four lu.-ids (if grad',' Hrrefdi-ds sold ;il an a\'eiage of .f.l.JM; per cwt.: 

 Iwenty-foiu" loads of grade Shorthorns sold at i$~>.ih\ per cwt.. and twenty 

 fom* loads of grade Aberdeen- Angus sold for $t!.."!.". i)er cwl., being .'^Tc jter 

 cwt. more than the Ilerefords .-md Toc i>er <-wt. more than the Shorthoins. 

 This was in open cdnipelit i(»n al .nuction. Again, the lerni ■■inai-ket-top- 

 per" remains wiili (Uir .\ngus . This re«-ord serves an excellent purpose .it 

 the i)resent time. Inr- it interests tiie feeder, now soi-e pressed for those 

 extra parts of a dnllar on earii cwt. wouhl have heljied make the ends 

 cunie nearer even. 



The intelligent feeder observes these facts and the result is, it awakens 

 a desire in new feeders and breeders to have some of these black-skinned 

 fellows, nnd he will seek them in prefi-rence to others. Again, amither 



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