New York, Dec. 13.
The "New York Sun" learns that the continuation of extreme depression in cargo movement to the Far East is bringing about a curtailment of the services operated out of New York. Reductions of 50 per cent. in callings to the Orient have been ordered in some instances.
Though steamship men in the Far East trade were naturally reluctant to discuss the situation, it was admitted thab retrenchment all along the line had been necessary, and that few, if any, of the 12 lines regularly operating to the Orient were having as many sailings as they had a month or two ago.
Financial depression in Japan Was accounted the principal reason for the reduced movement of cargo. Far East business, shipping men say, is subject to more extreme fluctuations than any other trade.—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.