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Economy / General Motors Corporation Dividend Cut / Stock Market / Dollar / Gold and Mining #52011

ABC Evening News for Tuesday, Nov 07, 1978
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(Studio) Wall Street saying with regard to GM's economy indicating nation's economy quoted. GM's announcement on Monday of plans to cut year-end dividends reported Stk. market report given. Dollar devaluation overseas and increase in gold prices noted. Report is on new interest in mining gold.
REPORTER: Frank Reynolds

(West Point, California) Details of California `49 Gold Rush recalled. Sketches shown. Modern mining of gold remaining in California hills described; some people noted to still be trying lick at panning gold from streams. Attempts of miners today to get gold that 49'ers couldn't get from ore by using new technology stated. Al Farrell reported to be owner of Blazing Star Mine, which he says old records indicate still has much gold. [FARRELL - says every employee is enthusiastic over rising gold prices and that all want to product as much gold as quickly as possible.] Farrell's hopes for profit from mine outlined.
REPORTER: Ken Kashiwahara

Reporter(s):
Kashiwahara, Ken;
Reynolds, Frank
Duration:
00:02:40

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