Worst Stock Market Setback in 30 Years 1970 Turmoil Emerges
The 1970 market faced its deepest drop in three decades amid tight money, Middle East crisis, and U S military actions in Cambodia. Brokerages collapsed or merged, Merrill Lynch rescued Goodbody, and the Dow fell to 631.16 as November sparked a late rally.
MENTIONED IN THIS ARTICLE
New York
Middle East
United States
Cambodia
Wall Street
Amott, Baker & Co
Blair & Co
Dempsey-Tegeler
Businew
New York Stock Exchange
Ferms
Merrill Lynch, Pierce, Fenner & Smith
Goodbody
Merrill Lynch
New York Exchange
Merrill
Lynch Forco
Robert W. Haack
Dow Jones
United
Western Siberia Oil Boom Could Crown USSR World Leader
New York observers report Moscow touts western Siberia as the globe's largest oil and gas treasure, with 100 plus fields north of the Urals. Tyumen center of drilling, vast pipelines, and costly projects face harsh swamp and tundra conditions.
MENTIONED IN THIS ARTICLE
Lou Schneider
Alliance
New York
Moscow
U.S.S.R
Siberia
Venezuela
Kuwait
Alaska
North Slope
Urals
Samoktlor
Urengoy
Arctic Circle
Russia
Soviet Union
Siberian
United States
Tyumen
Cuba
Europe
Also Mentioned on This Page
Jack Lefler
Haack
Donald T. Regan
Securities and Exchange Commission
General Motors
Aza
North Carolina National Bank
NCNB
Menber Federal Deposit Insurance Corporation and
Federal Reserve System