BASKETBALL STAR
NUMA MAKTXN JR. AND SENIOR
“Pappy” Shows Him How
Numa Reid Martin, Jr., of Leaksville,
a member of the 1950 All-State basket
ball team, will play in the annual East-
West All-Star game August 11. The
contest will be in Elon College’s new
gymnasium. The game is sponsored by
the North Carolina Coaches’ Associa
tion and the Greensboro Daily News.
Young Martin was a star athlete at
Leaksville High School before his
graduation in this year’s class. He was
co-captain of the 1950 basketball team
and won his letter in three sports—
basketball, football, and baseball. He
was a member of the Honor Society,
national scholarship organization.
Numa Reid is the son of Mr. and Mrs.
N. R. Martin of Overlook Avenue,
Leaksville. His father is employed with
the Standards Department and his
mother (Sara) is a former employee of
Karastan.
★
Service Anniversaries
Eieldcrest Mills extends congratula
tions and sincere appreciation to the
following employees who in the past
two weeks have observed notable an
niversaries of continuous service.
35 Years
John E. Moyer Finishing
30 Years
Calvin S. Harpe Finishing
25 Years
John William Fulton Bedspread
Anne Butzen Chicago Sales Office
Rufus Holt, Jr Karastan
15 Years
Gertrude Shelton Rayon
10 Years
Joe A. Giles Blanket
Doris T. Wimbish Rayon
MONDAY, AUGUST 7, 1950
A Message From Management
For several years it has been customary for Fieldcrest Management to
report to employees from time to time on business conditions as they affect our
mills. Because many things have happened since I last talked to you on the
Fieldcrest radio program on April 30, I am reporting to you briefly in this issue
of the Mill Whistle.
First, Marshall Field & Company as a whole made a better profit for the
first six months of 1950 than we did for the same period last year. In his
report to the stockholders for the six months ending June 30, 1950 Mr McBain
•said the improved profits were due “entirely to the results of the Fieldcrest
Mills Division, which had a ‘moderate’ profit for the first half of 1950, against
a net loss for the same period last year.”
This should be good news for every employee of Fieldcrest Mills because
any business requires a reasonable profit to pay the stockholders interest on
their investment and to provide funds to keep machinery and equipment
modern and efficient. This enables us to compete with other mills, and thereby
sell our goods, provide steady employment, pay good wages and have a pros
perous, healthy community.
The principal reason we have made a better showing this year than last
IS due to our greater production. Our average rate of mill activity for the first
seven months of 1950 was 88 percent of full capacity against 61 percent for the
same period in 1949. Prices have been close and raw material prices have
advanced steadily during the entire spring months while prices of our goods
remained unchanged until recent weeks when sharp increases in the price of
cotton and wool-made general price increases necessary throughout the entire
textile industry. For example, we paid 32 cents per pound for cotton January
1, 1950; 34.3 cents on April 1; 35.5 cents on June 30; and 40.75 cents on July 28.
A Blanket Mill wool which cost $1.10 per pound on January 1, 1950, costs us
$1.40 today, and so on. In other words, recent price increases were forced on
us by the increased costs of raw materials and supplies; and our profit figures
will still be modest in relation to our sales.
You are interested in the outlook for the fall months. There has been very
heavy buying of the products we make by all classes of customers. Our mills
have booked very substantial orders, and the outlook for the balance of the
year for all our mills is excellent. We expect to run full wrth some increased
employment and probably we will require a substantial amount of overtime to
fill our orders and satisfy our customers’ demands. In addition, we may be
caUed upon for goods for our armed forces; and if so, we will, of course, do our
part as we have in the past. ’
In behalf of our management, I thank you for your cooperation and good
work for the year to date. You are making high quality Fieldcrest goods, and
they are being well received throughout the country. I know that we can count
on you to get out our orders in the months ahead, maintain our reputation for
quality, and keep our customers happy and satisfied. Satisfied customers are
the greatest asset we can have, because that is the only wav vou anH T nnH
each of us in Fieldcrest Mills, earn our living. ’
Assistant General Manager.
Horseshoe Tournament
To Be Held At Fieldale
More than 200 horseshoe players from
all parts of Virginia are expected to
participate in the State Horseshoe
Championship Tournament at Fieldale
Saturday, August 19. First matches
wiU get under way at 9:00 a. m. Claude
Padgett, of the Towel Mill Carding De
partment, is the present Virginia State
champion.
Corduroy is easy to wash when in
structions are correctly followed, but
velveteens, plushes and teddybear cloth,
which cire likely to mat because of their
pile, should be dry-cleaned.