Pessimiem Regarding Its Probable Effect: Resentment France and Spain New York, June 16, The belief that the Tariff But would be signed had a bad influence the New York Stock Exchange to-day. Many well-informed men Yanking circles are pessimistic rewarding its effect. Other well ed dealers think that celling factors which are influencing the market Jnclude the declines in the prices of various commodities arising from ever-production and the approach of the summer season, when business tends to slacken up.—Reuter.
Washington, June 17.
President. Hoover signed the Smoot-Hawley Tariff Bill today, making it Inw. the measure goes nto effect at midnight to-night.
In signing the bill, Mr. Hoover fulfilled pre-election pledges of taritt changes which he strove to put into effect through a special session of Congress and which have barely found fulfillment during the closing days of the regular session, Primarily designed as an aid to the farmer, the bill in its final form as deen declared injurious to both Jarm interests and to the interests of the common people of the country generally, and Western Repub. Vienne have been among. its meat bitter opponents.
Considerable "alarm has been gaused by yesterday's severe slump in the stock market, attributed the erection of refineries in Cba—
United Press.
Text read from the printed page and cleaned; old type leaves the occasional error.