FULL CLIP: 1964, USA: ALASKA DIGS OUT Devastated Alaska begins the task of rebuilding after the greatest earthquake ever recorded. Anchorage was in the center of the severe shock that ripped down FOURTH AVENUE, the main shopping street. Stores were crowded with week-end shoppers. The far-flung disaster area was spared, miraculously, large loss of life. Property damage and loss is staggering. Conservative estimate: $500,000,000. In the residential district, in the coastal fishing towns, everywhere there is devastation. KODIAK, SEWARD, towns that have almost been leveled have vowed to rebuild. Alaska, with the spirit of the pioneers, starts the gigantic task.