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High Point Enterprise in High Point, North Carolina

13 Dec 1970

Page 8

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High Point Enterprise December 13, 1970 Page 8 old newspaper archives

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Newspaper

High Point Enterprise

Location

High Point, North Carolina, United States of America

Date

Dec 13, 1970

Page

8

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
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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
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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
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