NEW AMERICAN TARIFF.
REACTION ON STOCK MARKET
NEW YORK, June 15,
The passage of the Tariff Bill reacted upon all the stock markets yesterday. Stocks showed persistent liquidation and.
short selling during the two-hour session. Several prominent issues, including International Telephone and Telegraph and Anaconda Copper, fell even below the panic quotations of last November. Fear of retaliation by foreign metallurgical interests reacted on the copper stock, and the commodity markets also showed the effects of the* situation.
For the first time for over two years July wheat went below one dollar. Other grains and provisions followed suit. Cotton futures declined by" 55 points, with heavy selling orders reported from abroad.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/AS19300616.2.69
Bibliographic details
Auckland Star, Volume LXI, Issue 140, 16 June 1930, Page 7
Word Count
111NEW AMERICAN TARIFF. Auckland Star, Volume LXI, Issue 140, 16 June 1930, Page 7
Using This Item
Stuff Ltd is the copyright owner for the Auckland Star. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Auckland Libraries.