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(Studio) Govt. sells gold. Poor response.
REPORTER: Walter Cronkite
(New York) 2 million ounce waited in assay offices. New York assay office shown. New York Commodities Exchange shown. Gold fell to low of $168.50 ounce Gold conts. to slide in Europe. 228 bids received [Boswell Mining Company Wain GROSS - says came from Cave Junction, OR, to buy gold. Has gold mine there.] [Continental Metals Corporation Maria DECKER - says sale could put damper on expected gold rush.] Biggest bids came from foreign bidders. [General Services Admin. Readus LONG - reads 1 of bids.] Bids under market prices won't be accepted.
REPORTER: Daniel Schorr
- Cronkite, Walter;
- Schorr, Daniel
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