U.S. TARIFF
BILL THROUGH CONGRESS PRESIDENT EXPECTED TO SIGN REACTION ON MARKETS (United Press Association—By Electric Telegraph—Copyright)
WASHINGTON, 14th June. The House to-day adopted the conference amendment to the Tariff Bill, which now goes to the President. Administration leaders of both Houses believe President Hoover will sign the measure.
NEW YORK, 14th June
The passage of the Tariff Bill reacted on all markets to-day. Stocks showed persistent liquidation and short selling during the two-hour session, several prominent issues, including International Telephone and Telegraph and Anaconda Copper, falling seven points below the panic quotations of last November. Fear of retaliation by foreign countries and by foreign metallurgical interests reacted on the copper stock, and commodity markets also showed the effects of the situation.
For the first time for over two years July wheat went below a dollar. Other grains and provisions followed suit. Cotton futures declined. 55 points, wilji heavy selling orders reported from abroad.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/NEM19300616.2.62
Bibliographic details
Nelson Evening Mail, Volume LXIV, 16 June 1930, Page 5
Word Count
154U.S. TARIFF Nelson Evening Mail, Volume LXIV, 16 June 1930, Page 5
Using This Item
Stuff Ltd is the copyright owner for the Nelson Evening Mail. 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.