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Two Year Low Hit B Mart Markets Plunge on Energy Woes
The Dow fell 29.05 to 624.98 as blue chips dropped to a two year low amid energy concerns and a 9 percent prime lending rate hike by First National Bank of Chicago. Analysts blamed energy shortages and Nixon energy policy, noting the steepest Dow drop since 1962 Blue Monday.
MENTIONED IN THIS ARTICLE
New York
Kennedy
Dow
Buck'’ Kiser
Paine, Webber, Jackson & Curtis
Alan R. Shaw
Harris, Upham & Co
First National Bank of Chicago
Fenew Qi