11 Mar 1948
Page 1
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Newspaper
Hope Star
Location
Hope, Arkansas, United States of America
Date
Mar 11, 1948
Page
1
Fragmented OCR fragment mentions Gloyd Potterfiela five dollars ten dollars and Employed bloyess. Singleton eight store Wr Edwards vis Opal Hervey it Motor Co. Local shop names and figures are partially readable with unclear context.
A deadly airliner crash unfolds near 55th street and Cicera avenue. Firemen pull mangled bodies from the wreck as flames erupt, telling how the craft plunged in a vertical dive and exploded on impact. A long list of local businesses and residents are named in the chaotic aftermath.
Arkansas mailed assistance checks totaled 1,179,828 to 56,314 clients for a rea. The scheduled Arkansas Legislative Council meeting was postponed to March 26 due to travel conditions. The Crop Repairing Service placed 416,000 chicks in northwest Arkansas last week, with 272,000 hatched in the area. The Daughters of the American Colonists elected Mrs. James B. Clark as State Regent. E. H. Crump reiterated anti-Truman civil rights stance and pursued delegate-at-large plans at the Democratic National Convention. Birth, 4. a gasoline dealer helped rescue Mrs. Meo, whose son’s body was found with a burned victim. Delta Airlines crash victims identified in Chicago. crew and passengers listed with origins and connections.
New York cotton futures opened higher but traded weakly as selling and mixed support from commission houses and New Orleans eased gains. Meantime, livestock prices at St Louis hurt hogs and cattle, while poultry and eggs held steady in Chicago. New Orleans cotton closed with futures 10 to 60 cents lower.
The Hope Star, printed in Hope Arkansas, lists staff and publication details for the Star Publishing Co with editors, publisher and offices in Hope. The report shifts to market news noting stop loss orders, price moves in wheat corn soybeans and grains, with mentions of government offers to mills and daily receipts and bookings. Stock market recovery begins but is tempered by commodities.
Chicago March 11. A selling Wire hit grants shortly before the elite today and prices took a severe tumble. Activity on the board of trade expanded on the down slide contrasting with the quiet market earlier. Selling started first in turn. Brokers said it represented profit.
Baltimore March 11 A federal grand jury indicted Henry N and Murray W Garsson operatives of the Stingis munitions combine on charges of using false financial statements in government contracts. Three count indictment names Eric Bosin Metal Products Co Arlen B Gelman president Joseph T Weiss Harry B Glick and the Garsson brothers from Chicago. Charges allege false statements and an overall conspiracy to defraud the United States in contract renegotiation and related matters.
Stocks rallied on word of a London announced Anglo American film project lifting Paramount Pictures Loew’s Warner Bros and Twentieth Century Ex. Major names including Howe Sound Bethlehem Steel Goodrich J I Case Western Union Allied Chemical Radio Corps Transcontinental & Western Air Santa Fe and Atlantic Coast Line saw activity while bonds moved narrowly. Volume neared 900000 shares, the largest since mid February.
Department prosecutor who favored exchanging $53 634 in bribes sent the case to the grand jury. All three appealed, facing charges of conspiracy and filing false statements. They allegedly profited from about $78 million in war contracts. Patton said the government will prove a conspiracy to defraud over a million dollars. The Garssons and former Rep. Andrew J. May were convicted in Washington last July on related charges.
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