1st Quarter Sales Up,
But Earnings Down
Fieldcrest Mills’ sales for the first
quarter of 1969 were $42,275,000, up
from $41,318,000 in 1968. Earnings
Were $977,000, down 46% from $1,796,-
00 in 1968, and were equal to $.28 per
snare compared with $.51 for the first
quarter of 1968.
In reporting the results, G. William
Moore, president, said sales of house-
old textile products were about 10%
ead of the volume for the first quar-
of 1968, principally as the result of
^ substantial increase in sales of tufted
^rpeting. Commission finishing and
^onverting sales were lower due to sale
the Carnac converting business in
^urch, 1968.
®®™Iugs in the first quarter of 1969
with 1968 were adversely af-
by industry-wide reductions in
eeting prices, expenses connected with
additions and conversions,
„ higher labor and interest costs,
is Company’s competitive position
^ good. Unfilled orders are slightly
iVlr^^A record level of a year ago,”
tain , suid. “We continue to main-
qy j.^®^dership in product styling and
takp^ ® strong position to
in„ q^tck advantage of sales and earn-
of ,, °PP°^tunities during the remainder
the year.”
Skinner Promoted
M. Skinner has been appointed
gi^®^ihtendent of the Karastan Spin-
gj IMill at Greenville. He had been
5]- ^tant superintendent at the mill
October, 1967.
joined the Greenville plant in
Qj. prior to its purchase by Field-
Mr. Skinner was general night
tgi^hian from January, 1967, to Oc-
ig 1967, and previously had worked
Vg .®®yural supervisory capacities. At
Cg *°us times, he had been foreman of
gg.uihg, Spinning and the Winding
Twisting Department.
^'^NDay, APRIL 28, 1 9 6 9
NC Mansion To Get Fieldcrest Fashions
Mrs. Robert Scott, wife of the Governor of North Carolina, admires blanket shown
by G. W. Moore, president of Fieldcrest Mills, Inc. during visit to the Fieldcrest
Store at Eden. Fieldcrest will donate linens for the Governor’s Mansion and Mrs.
Scott came here to make the selections. At left are Mrs. Walter Pierce, housekeep
er at the Mansion, and Mrs. Robert N. Wood, Mrs. Scott’s social secretary.
GEORGE A. MINTER
JAMES W. POWELL
Two Honored For Long Service Records
Two employees have just reached the
outstanding records of 40 years of
service with the Company. George A.
Minter, of the Sheeting Mill, and James
W. Powell, of the Blanket Mill, both
began work in April, 1929.
Each of the veteran employees has
been presented the Fieldcrest diamond-
and-gold 40-year pin and a letter of
commendation from G. W. Moore,
president of Fieldcrest Mills, Inc.
Mr. Minter has never been off the
payroll for any reason during his 40
years with the Company. He started
work as a “speeders” operator in the
Blanket Mill Card Room.
He was transferred to the Sheeting
Mill Carding Department in 1935, and
was appointed an assistant foreman in
the department in 1942.
He is a native of the Draper section
of Eden and has never worked any
where else.
Mr. Powell, also a native of the Dra
per section, began work as a quill hand
in the Blanket Mill Weave Room. He
later worked for several years in the
Sheeting Carding Department and the
Blanket Mill Cotton Carding Depart
ment. In 1939, he became a loom fixer
in the Blanket Mill Weave Room and
continues to work in that classification.