Balloon observations of a hard X-ray burst in 1970 most likely associated with the highly variable high-latitude X-ray source 4U 0041+32 are reported. The observation of X-ray flux at a density of about 0.06 photons/sq cm per sec from a previously unknown source at r.a. O h 45 min, dec 33 + or - 3 deg was made by a scintillation telescope on February 4, 1970. The spectrum was found to be very hard between 25 and 300 keV, with radiation in the form of a well-collimated beam causing the excess counting rate over a period of 30 min. Further observations on September 25, 1970 indicated the object had faded to an intensity below 0.01 photons/sq cm per sec. The power law spectrum obtained during the February burst is observed to differ from those of other hard transients and hard compact binary X-ray sources by the fact that it extends to 300 keV, its apparent lack of pulsation and its not being associated with an early-type giant or supergiant companion.