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fourth generation, I remarked to Mr. Gaitskill that he could lie a little about that heifer, as she had absolutely every appearance and all development of an absolutely pure-bred Shorthorn. In this same district we learned from Mr. Jackson that graded cattle all the way from half-breeds up to seven-eighths and in the mixed threes and fours ages, all by registered bulls, weighed 900 pounds off grass last fall. As near as I can obtain information, the same ages in the native Florida steers and under most favorable conditions would probably not weigh to exceed 600 pounds. On this same trip Mr. Edwards of McIntosh told me that he got about half the gain on the native steers that he does from three-quarter-bred grades, on the same feed. The foregoing is a practical demonstration that as far as climate, general feeds and ordinary normal conditions are concerned, graded cattle thrive in Florida. It is important that I should have seen them, because I am working on well defined and demonstrated general principles of breeding and beef production, and they respond in every way to the foregoing. From this time on we must reckon with the world's supply of live stock. Without attempting to go into details, there has been a very material decrease in it during the past ten years. We know that Europe must be re-stocked after the war, and that the American supply is freer from disease than that of any other country. We know that under normal conditions the beef production of America has not kept pace with the population, and that even without the influence of war values of beef, stock cattle values have shown a steady increase for the past ten years. There is, therefore, every reason to believe that for a very long period in the future, even taking into consideration reduced beef consumption as the result of substitutes or every other influence, there is a reasonable expectation for strong values and a profit on production under normal expense. I think that we may go beyond the favorable general market and say that there will be a better market in proportion for the intermediate grades of beef, for grass produced beef, than for the very extreme corn-fed finish, and that in the evolution of the Florida beef problem, the grades produced will at least be in as great demand, and probably greater demand, than the ultra finished class. It is, therefore, fair to argue that the market is with the producer. You are singularly
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