IPL. XXVII
Company Has Record
Sales And Earnings
^ Fieldcrest Mills, Inc., reported that
ales in the second quarter reached a
acord high of $48,500,000, an increase
* ^4% over those of the same period in
Earnings were $2,252,000 ($.64
Par share) compared with $828,000
($.24 per share) last year, an increase
172%.
For the six months ended June 30,
lioS, both sales and earnings reached
acord highs. Sales were $89,818,000,
ap 21% from $74,139,000 in 1967. Earn-
ings were $4,048,000 ($1.15 per share)
aotnpared to $1,532,000 ($.44 per share)
P the same period last year, an increase
164%. Earnings for the same period
1966, the previous record, were $1.05
Par share.
,-Provisions for the recently enacted
income tax surcharge reduced
Prnings by $.10 per share for the first
. months this year: $.04 retroactively
ar the first quarter and $.06 for the
acond quarter.
, The operating results were announced
President G. William Moore, who
^^10 the mifilled order backlog, incom-
8 business and rate of manufacturing
jativity are continuing at favorable
Eden, N. C„ August 5, 1968
NO. 2
Dr. Springer Named Medical Director
Dr. Joseph G. Springer assumed his
duties August 1 as medical director of
Fieldcrest Mills, Inc., replacing Dr. A.
D. Gullett, who recently resigned from
the Company.
Immediately prior to joining Field-
crest, Dr. Springer was medical director
of the Employee Health Service of the
New York Civil Service Department.
Prior to that, he was medical director
of the Chrysler Motor Corporation’s
Jefferson Assembly Plant in Detroit,
Mich. He earlier was in general practice
for 10 years at Lakeview and Belle-
fontaine, Ohio.
In New York State, Dr. Springer de
veloped a completely new program of
health services for 150,000 state em
ployees. He recruited and trained a pro
fessional staff which also' serves as
medical consultant to approximately 20
state agencies.
He started and developed a nursing
service which now has approximately
20 independent nursing stations, han
dling from 60,000 to 70,000 cases per
year. He also established a voluntary
health maintenance examination pro
gram, which processes 10,000 to 15,000
employees per year and from which a
system of regional screening centers is
being developed.
Dr. Springer received his premedical
l^adio Program To Feature Talks By Haggai
TOM HAGGAI
Dr. Tom Haggai, High Point minis
ter and nationally-known inspirational
speaker, is being heard as a special
feature on the Fieldcrest Radio Program
each Sunday at 3 p.m. over WLOE at
Eden.
j The series of five-minute talks, called
“Values for Living”, began August 4
and will be heard each Sunday for
several weeks. The syndicated “Values
for Living” program is broadcast by
over 200 radio stations from coast to
coast.
Dr. Haggai has gained national atten
tion through his special ministry and
regularly speaks to over 300 civic, re
ligious, educational and business groups
each year.
He left a successful pastorate at
Emerywood Baptist Church at High
Point in 1963 when a group of 120 busi
nessmen formed the Tom Haggai and
Associates Foundation to- further Dr.
(Continued on Page Three)
DR. J. G. SPRINGER
education at Miami University at Ox
ford, Ohio. He received his M.D. degree
from the University of Cincinnati and
compieted a one-year internship at St.
Elizabeth Hospital, Dayton, Ohio.
A native of North Dakota, he was a
Navy medical corpsman in World War
II. He served as a flight surgeon in the
Air Force, 1953-54, and graduated from
the USAF School of Aviation Medicine
at San Antonio, Texas.
Dr. Springer is married to the former
Marguerite Ellis, a naUve of Cincinnati.
They have four children, ages 18, 17,
16 and 14. He and his family have
moved to 108 Devonway Drive, in Eden.
Gardner And Dumaine
Are Named Directors
Fieldcrest Mills, Inc., has announced
that effective July 22 the number of
authorized directors of the Company was
increa.sed from 11 to 13, one more than
the authorized strength at the time of
the death, last year, of John Rae Gil
man, who had been a director since
December, 1954.
The two resulting vacancies were
filled by the election of John L. Gardner
and Dudley B. Dumaine. Mr. Gardner
is chairman of the board of Gardner
Associates, Inc., investment managers in
Boston. Mr. Dumaine is a trustee of the
Dumaines trust and assistant treasurer
of Amoskeag Company.