Arizona republican., 1909-08-24
AN EASY MOVEMENT
 0F SEASONS CROPS
The Currency Drain Will Not Be So
 Much Felt.

Chicago. Aug 2O.-(Special corre-
 spondence of The Republican)-Les
 financial stress will arise in moving the gigantic crop of 1909 than that of leaner years, according to conclusions reached by Chicago bank after care fully feeling the pulse of western banks and banking Crops are big and prices sreshigh," the analysis de- clares. but the tendency is each year for the currency drain to lessen. Every little place in the country has its bank and the farmers are learning to business by check Currency ship
 ments to the interior have been light
 so far as local banks are concerned. although probably the southwestern centers have shipped heavily. It is too early for an urgent call upon Chicago. Money has been hardening slowly for several weeks. The change was hardly perceptible at any time Rates on note brokers paper range between 4 and 41z per cent, or F per cent higher than a couple of weeks ago. Counter loans vary from 4h to per cent" The bank consolidation epidemic in Chi eeago is accompanied by expansions. the National Bank of the Republic having doubled it's quarters out of necessity from the increasing business that bears the big label of prosperity.
 Growth of the assets of fraternal in surance societies is one interesting eX- planation given by a Chicago bond house for the enormous demand for giltedged bonds in the west. Compila- tions show that eleven of the societies which are members of the National Fraternal congress in session in Boston this week. have built up their assets from S19.593.027 in 1904 to S37. 1902 in 1908, partly as a result of advanc- ing their rates and consequently their income and reserve to keep pace with the sCythe of the grim reaper Death. The gain of the "cheap-rate" societies also has been large but not in pro portion to the insurance contracts is sued which, insurance commissioners have pointed out, must be backed by cash or its equivalent in bonds to pro vide actual protection for the widow and the orphans of beneficiaries. The cash receipts of fifty-five fraternal in surance societies for the year 1907 were } ,l0U,U4o. Keen interest IS Iell DN financial houses in the figures which will be reported at the fraternal con gress as to the receipts and assets for the year 1908. Both totals are on the increase as results of the readjustment of rates by many of the societies to an adequate basis. Taking the eleven or ders which show the handsomest gain from 1904 to 1908 the increase of assets per member is from S15 to BPS. Two of the conspicuous gains were made by societies whose members and officers are exclusively women. One of these. the Ladies of the Maccabees of the World, showed an increase of assets from S1.241, ,713 to s3.s13.46 and is now the strongest fraternal society of women in the world. Although these figures are large, the total paid for fraternal insurance is but 9 of one per cent of the wages and salaries dis bursed in the United States in 1907, s14.200. 100000. The total is but a small fraction also of the amount paid for old line insurance at the higher rates but the total fraternal insurance now issued exceeds S9 .000. .000.000 as compared with S22,000, 100000 of old line insurance now outstanding.
 The inevitable midsummer water famine of Chicago is impending, de- spite an average daily pumpage of 467,OOO,00O gallons. which is water