U.S.A. TARIFF BILL
PASSED BY BOTH HOUSES.
[BY CABLE —I’BESS ASSN. —COPYBIGHT.]
WASHINGTON, June 14.
The House of Representatives adopted a conference amendment to the Tariff Bill, which now goes to the President. The Administration leaders of both Houses believe that President Hoover will sign the measure.
EFFECT ON MARKETS.
NEW YORK, June 14.
The passage of the Tariff Bill has reacted on all markets. To-day stocks showed a persistent liquidation, with short selling during a hour session. Several prominent issues, including International telephone .and telegraph and Anaconda Copper shares fell even below the panic quotations of last November. A fear of retaliation by foreign countries and foreign metallurgical interests has reacted on copper stock. The commodity markets have also showed the effects of the situation. For the first time for over two years, the July wheat went below one dollar per bushel. Other grains and provisions followed suit. The cotton futures have declined 55-points, with heavy selling orders reported from abroad.
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Greymouth Evening Star, 16 June 1930, Page 7
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162U.S.A. TARIFF BILL Greymouth Evening Star, 16 June 1930, Page 7
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