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Caption: Board of Trustees Minutes - 1894
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64 UNIVERSITY OF ILLINOIS. Financial Inventory Live stock— Horses, 14 at 100 Colts, 11 at $65 Pony. Pure bred c a t t l e Shorthorns Herefords Jerseys Steers and calves, 20 at $15 Hogs, 55 at $8 Poultry Total live stock Farm p r o d u c t s Hay, 200 tons at $?. Corn, 4,250 bushels at 34 cents Oats, 800 bushels at 30 cents Ensilage, fodder, straw, etc Accounts and miscellaneous Implements and machinery Total inventory <... Statement—Concluded. Dec. 1,1892. $1,400 00 715 00 35 00 46 10 12 2 70 at $35.... 2,450 00 300 00 440 00 10 00 • $2,150 00 $5,350 00 $1,400 00 1,445 00 240 00 300 00 100 00 $3,485 00 1,000 00 $9,885 00 Compared with the inventory of last year this shows a reduction of $3,330. This remarkable reduction is due to the valuation put upon t h e cattle, which are now estimated at their value without reference to their purity of breeding. For several years past the pure bred cattle industry has been greatly depressed. The valuation of the University herds has been reduced year by year, but until now they have been kept above what they would sell for as grade or common stock. While there has been a slight improvement in the demand for best fat cattle there is almost no demand for pure bred stock for breeding stock. The 70 head of pure bred cattle, now valued at $2,450, would properly have been appraised at from $7,000 to $10,000 eight years ago. This showing is unfavorable, but after years of hoping for improvement, I have come to share the belief of many stock men t h a t there is little hope of improvement in the near future, and to believe t h a t it will be wisest to reduce the herds to small proportions as rapidly as may be. All bull calves for the year have been castrated and the female stock sold for beef during the year have necessarily been at prices much below t h e moderate valuation placed upon it a year ago. We have a much larger stock of farm products than one year since, the crops of the year having been fairly good notwithstanding the remarkably wet spring, which increased the cost of cultivation. The attacks of the army worm caused a loss of probably near 1,000 bushels of oats. Bespectfully submitted, Gr. E. MORROWr. I present also the report of the board of direction of the Agricultural Experiment Station, with my approval of its recommendations. AGRICULTURAL E X P E R I M E N T STATION. Prof. T. J. Burrill, Acting Begent of the University of Illinois, D E A R SIR: The board of direction of the Agricultural Experiment Station, of the University of Illinois, makes this report of its work for t h e past three months and these recommendations. The accompanying papers give the financial statements: Paper A is a statement of the expenditures for the quarter ending September 30, 1892.
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