31 Mar 1949
Page 1
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Newspaper
Hope Star
Location
Hope, Arkansas, United States of America
Date
Mar 31, 1949
Page
1
The article notes merchants tightening buying and paying off old stock as inventories from Christmas lean, with officials citing a steady bank hoard decline. It reports a $670 million drop in business volume from the December peak, signaling a broad slowdown across the market.
Senator Fulbright of Arkansas said he would not vote again to extend the Marshal Plan if there is no chance for political liberalization in Europe soon. He spoke in the Senate while urging an amendment to the European aid program, noting the three month window tied to proposed bank lending policy changes and indicators from officials about loan calls and retail stock declines through January.
Edgar Springs Missouri reports a United States Air Force C 47 carrying six airmen plunged from a storm cloud last night and hit a pond. No one survived and no parachutes were seen. Draining of the pond revealed two bodies before the water was removed. The crash occurred in heavy rain with no explosion or fire. The aircraft was en route from Dayton Ohio to Oklahoma City via Patterson and Tinker Air Force bases.
In East Harlem a saloonkeeper sold nickel beer despite a beating and kept a pistol ready. He showed eight large welts under the eye and two on the lip, saying the assailant warned him to stop selling nickel beer. Perry identified the aggressor as a major racketeer but would not name him. He claimed about $400 worth of whisky was emptied and a chair was thrown through a plate glass window.
In Kittanning Pennsylvania on March 31 police freed John Myers from jail after a drunken spree tied to his wooden leg. At Belleville Illinois a wreck near Wright Field drew officials and crowds as authorities searched a pond for missing crew and documents aboard a downed plane.
Kenneth Speegle, 24, AWOL soldier tied to the September 25 1949 killings of State Trooper Pavatt and retiree Zue Crook near Yellville Arkansas, is reported by Dr George Jackson as not in condition for trial. Amnesia noted earlier. authorities say he may be tried after memory recovery.
Reynolds Metal Co avoided a midnight strike at plants in Louisville and four other states after renewed talks among company officials, AFL aligned union leaders, and the federal mediation service. Over 4500 workers were involved amid wage differences and fears of plant closures, with unions seeking stronger negotiations and against shifting production to Alabama. The Grand Union flag is noted as the symbol of unity for the 13 colonies.
London March 3 Britain disclosed plans to loan Russia 9 000 000 pounds 36 000 000 to buy non military supplies from Britain over the next 12 months The advance is described as part of wartime arrangements with final contracts being concluded A treasury spokesman linked the loan to a 1941 agreement for non military supplies In 1948 about age million US families used gas for cooking noting contemporaneous energy use context
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