nses $1,101.05
Deficit 73.28
Balance due on loan 275.00

NOTE--Although the expenses exceeded the receipts, no actual overdraft
occurred because certain bills were not paid until funds from the next
year came in. However, both overdraft and loan have been taken care of
through contributions made during November and December, 1930.

Respectfully submitted,
KARL W. GREENE,
Treasurer.

HARVESTING AND MARKETING THE NATIVE NUT CROPS OF THE NORTH

_By C. A. Reed, Associate Pomologist, U. S. Department of Agriculture_

The native nut crops in the northern portion of the country, east of the
Rocky Mountains, offer a possible source of considerable income, if
gathered while in prime condition and properly prepared for market.
Thousands of bushels of highly edible nuts annually go to waste in that
portion of the country covered by the great Mississippi Valley, the
Appalachian region and the Middle Atlantic seaboard. These are chiefly
black walnuts, hickory nuts, and butternuts, although it is probable
that several hundred tons of beechnuts which annually go ungathered
should be included. These last are too small for human consumption in
this country, under the existing relations between human labor and the
quality of available food. Nevertheless, there are ways by which they
can be put to profitable use.

The kernels of black walnuts and butternuts are in great demand. The
potential supply of the former is usually abundant but the small number
of butternut trees in the country automatically makes the possible
supply of nuts of that kind very limited. The kernels of both these,
walnuts and butternuts, and also of the best northern hickories,
particularly the shagbarks and shellbarks, are highly palatable and
nutritious. In these respects they compare favorably with any other
kinds of nuts on the market. These northern species are singularly free
from an impregnation of tannin in the pellicles which leaves a bitter
after taste so familiar with certain of their chief competitors in the
nut market.

Black walnut kernels in particular appear to be firmly entrenched in the
markets of this country. They are in keen demand with many classes of
manufacturers. This demand is on the increase with no apparent
possibility of foreign competition, as the eastern black walnut,
_Juglans nigra_, t