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(Studio) Wednesday sale of Alaska oil leases brings $1 billion.
REPORTER: Walter Cronkite
(Anchorage, AK) [AK Bard Larry BECK - recites his ballad for sale,] [Governor Keith MILLER - speaks on rendezvous with dreams.] Eskimos and Indians picket. Bids on North slope read aloud, Crowd applauds some of figures. Highest figure: $28,233 acre. 9-hr. sale brings $900 million. Oil companies to pay 16% royalties and taxes on production. Jets chartered to take checks to banks so interest could accumulate immediately, [Bank of American Neal PETERSEN - says interest to be $45-50,000 daily.] Only 1/3 Alaska slope leased.
REPORTER: David Culhane
- Cronkite, Walter;
- Culhane, David
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