From 1903-1907 and 1917-1922, Arthur Hoey Davis (Steele Rudd) was proprietor of a monthly and, later, an annual magazine. In 1923 he returned to the monthly format, replacing Steele Rudd's Annual with the first issue of Steele Rudd's Monthly in April of that year.
The editorial for this first issue proclaimed, 'It is essentially a Queensland publication, conducted, printed, and published by Queenslanders, and enriched by the brains and enthusiasm of leading writers and artists, representing every State in the Commonwealth.' The new magazine retained the format of the previous annual and used many of the writers and artists familiar to readers from the previous series. Regular contributors included Mabel Forrest, Edward Dyson, H. E. Riemann and Margaret Leicester. The rural bias was maintained in articles, prose and poetry, and the promotion of Queensland as a place of settlement also appeared in advertisements and feature articles. Davis continued to encourage contributions from readers with one-page advertisements entitled 'Develop Your Brain'. He responded to hopeful contributors in his correspondence column.
Davis appointed his close friend, Winifred Hamilton, as sub-editor. Both contributed stories, articles and reviews to the magazine. Hamilton, writing under her own name and the pseudonym 'Callisto', contributed articles attacking the sexism of the time. The polemic tone of some of these articles was lightened by editorial interjections from Davis and comic portrayals of his threatened partriarchy in the 'Editorial Smoke Room'. Nevertheless, Hamilton's contributions gave the new monthly magazine a different character than previous manifestations of Steele Rudd's.
Despite the title, Steele Rudd's Monthly did not always appear on a monthly basis and some issues dispensed with the last word. By early 1925 the magazine was in financial trouble and Davis responded by closing the business and moving to Sydney. The last issue of Steele Rudd's Monthly appeared in February 1925, but Davis briefly revived the magazine in Sydney with the support of the Australian Worker's Union, giving it the new title, Steele Rudd and Shop Assistants' Magazine.