Morning journal and courier., 1894-01-13
rHK rIpE HAs ruRnEp.

THE TIDE HAS TURNED. So Says Bradstreeps Review for che
 woek-X Movement Unmlstakably ! Indicating an Improvement in Bus-
 iness.
 NEW YORK, Jan. 12.-Brsdstreet's to-
 morrow will ssy: Special kilograms from leading trade center bearing evidence that | the tide has turned. It appears beyond | question that movement In the direction | of an expansion of the volume of business has begun.
 Bradstrest's point as evidence of that
 fact to the increase of thirty-four per cent. in the production of pig iron within three months. to an excess of deposits over pay msnts at some of the largest savings banks in the United States and to resumption of work at industrial establishments in all point, though with lower wages and on short time les contracted with the epidemic of shut downs preva- lent a month or more ago. The vol ume of business in iron and steel at Pitts burg within . week is larger than In any week in December, and the general feeling there is that the improvement will be more pronounced soon. Liberal exports of leather from Boston during the past few months have relieved the market there and steadied prices. An-incressed movement of farm stock at Atlanta and heavy de- mands there for farm machinery are re- ported. Augusta announces that the cot ton factories have orders ahead, while from Charleston and other points word is received that the 'scross-roads trade" at the south is hsalthfal and active. As soon ss southern planters and oth- CTS have arranged with factories for the coming year, demand in general lines south Is expected to assert itself more wig orouely. At Louisville there is more in- quiry for whiskey and tobacco, the crop of the latter being short and prices advsuc- ing. There are signs Of activity in dry goods and other jobbing lines at Minns- apolis. At St. Paul jobbers of shoes re- port marked gains. At San Francisco there is an improvement in general business. At Ksnsas City jobbers report spring trade opening up we'll, with the most aotive de- mand for dry goods and groceries. At Chicago sales of shoes, clothing and dry goods have increased. At St. Louis the hardware, unreasonable weather having checked sales of clothing and rubber goods.
 Wanted in Court.
 BOSTON, Jan. 12.-A cspais was issued by Judge Knowlton of the supreme court to day requiring the presence in court next Monday of Frederick A. Hobbs, ex-reoeiver of the Stockbridgs Savings bank. Recsiv- CT Spaulding ayers that he has been unable to secure from Nr. Hobbs property of the bank in his possession, and for this reason can reach no definite conclusion ss to the status of the banks affairs MT. Hobbs, who was ordered to appear in court o-day is, 1t h stated, too i'll to do so.
 AN ImPORTANT DEoIsION. 1t VIII Affect Shippers and Railroad
 and Steamboat Companies.
 BOSTON, Jan. 18.-A clause in bill of lading for the transportation of grain from Chicago to Boston, over connecting lines of railroad and boat lines, which exsmpts the cargo from liability for loss or damage to the cargo unless written claims be made within thirty days after such loss or dam age, is void. Another clause providing that the carrier shall not bs liable for loss or damage unless action bs brought against 1t within three months is reasonable and has within its scope all losses or damage sustained to the cargo in the ordinary course ot business.
 The United States circuit court of ap- peais laid down the above propositions to- day in the writ of error brought by the Central Vermont road. The court by its decision written by Judge Putnam re. verses the judgment of circuit court in favor of Soper ct al, the consignees of the grain, which was destroyed by fire in an elevator at Ogdensburg, N. Y., August II, 1880.