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Economy / Silver #269619

CBS Evening News for Friday, Mar 28, 1980
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(Studio) Wall Street said beginning recovery from Hunt brothers' dumping of silver on market
REPORTER: Walter Cronkite

(NYC) Commodity Futures Trading Commission said trying to trace events following market actions by Texas billionaire Nelson Bunker Hunt. [CFTC commissioner James STONE - comments on individual being bigger than the market] Alleged amount of silver thought owned by Hunt family mentioned; newspaper ad, placed by Tiffany and Company, condemning control of market by individual shown. CFTC said able to bar Hunts from commodity mkts. forever if they determine that the Hunts are "market marauders." Hunt's threat to government, made in earlier interview recalled. [January 1980, HUNT - comments.] Inability of federal government to force full disclosure of anyone's total holdings due to market being an international one noted.

Brady, Ray;
Cronkite, Walter

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