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Show Hundreds of Clerks Are of Ms Depression in Business in Wall Street Causes Reduction in Force. N- EW YORK, May 27. Wall street is having such a period of business depression as It has not experienced In several sev-eral years, and one result of It Is that hundreds of clerks have been dismissed. dis-missed. One of the largest operators on the stock exchange says he believes that no less than 2500 clerks and other employees em-ployees have been dismissed by the brokerage and banking-houses In the last two weeks. The firm of J. P. Morgan & Co. was among the first to reduce Its working force. Others followed suit In rapid succession. One firm has sent notices to all of Its force of clerks and stenographers stenog-raphers Informing them that they must either accept a 20 per cent cut In salaries sal-aries or take vacations without pay, i |