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Show JAP STEAMERS TIED UP BY SLUMP IN BUSINESS TOKIU. July 31 A featuro of tho' economic depression In Japan lj tho xxe.ikn. -s ..t M.c iV.I..; .. barter market. About fifteen largo oceangoing ocean-going ships uro tied up at Kobe anJ I Osaka, and about 60 other ships will 1 soon be released from old charter contracts, owners will havo great I difficulty in finding new contracts onj account of the slump in the sca-car-' rylng trade. With the accentuated depression In the shipping market, tho price of ships has declined, the present standard stand-ard quotation being equivalent to $133 to $140 a ton. In spite of the decline, there have been no buyers at home for some time past, but some vessels arc being acfld to Hutch concerns. |