lOL. 27
Eden, N. C., June 9, 1969
NO. 23
Employees To Share Old-Fashioned 4th
A revival of the “grand and glorious
^ourth” of a bygone era is planned for
Eden
and the surrounding section. An
_1, owJ.JLUUinaiii& ***
d-fashioned Fourth of July celebra
tion
complete with all of the nostalgic
®''ents remembered by many will be
held
on Independence Day, 1969, in
’forehead Stadium.
William Moore, president of Field-
j ®®t Mills, and Henry Anderson, man-
of Duke Power Company, Eden,
j ® honorary chairmen of the event,
sse Burchell, of the Eden Jaycees, who
^^hing a leading part in the project,
tS
General chairman.
^ctivi
number of Fieldcrest employees are
5 J'® in the planning of the project
d all Fieldcresters and their families
are invited to participate in the cele
bration.
The “Old-Fashioned Fourth” cele
bration is a community-wide effort,
backed by the Eden Chamber of Com
merce, the Eden Merchants Association,
Jaycees, ministers, Boy Scouts, Demo-
lay, women’s groups and many other
local civic organizations.
Events being planned include:
An air show with stunt pilots in two
planes presenting a 30-minute per
formance.
Six parachutists who will entertain
for a half-hour and will attempt to
jump onto Fieldcrest bath towels placed
on the turf in Morehead Stadium.
Four hours of games and activities
William mooke henry anderson jesse burchell
Head Committee Planning for “Old-Fashioned Fourth of July” . . .
Fieldcrest Is 384th Largest Corp.
Wa,
Eieldcrest Mills, Inc. moved up 15
. ®6s in ij^g latest Fortune Magazine
dir,
of the 500 largest U. S. in-
hial corporations.
The
u 'Oe new rank for Fieldcrest is 384th,
^20'^'^ on the Company’s 1968 sales of
rg^j^’^32’000, as compared to last year’s
thi ' 399th. Fieldcrest has been on
since 1963, with a first-year
(11,652 in 1968) Fieldcrest was the
293rd largest corporation. In other cate
gories, Fieldcrest ranked 261 on net in
come of 4.7 percent on sales, having
moved up from 322 the year before; and
166 on net income of 13.4 percent on
invested capital, having advanced from
292.
list
Of 486th.
Sh;
its 12.47 percent earnings per
growth rate 1958-68, Fieldcrest
- ,s,v holding the number four
hon among all textile firms listed.
iSa- '
t>Cl|
®sed on the number of employees
Among other textile firms listed in
the top 500 were Burlington Industries,
52, up three places; J. P. Stevens, 106,
up three; Cannon Mills, 289, down nine;
Dan River Mills, 298, up eight; Cone
Mills, 320, down 20; and Springs Mills,
331, down 11.
for teen-agers and children with prizes
for the winners. Included will be a
“Battle of the Bands”, in which local
bands and combos will compete for a
$50 prize. Gospel singing quartets and
“Country Music” performers also are to
be presented.
A military band, a drill team and a
square dance team will perform. There
will be a military armament exhibit
and a showing of films in booths. Sub
jects of the films will range from his
torical to patriotic to space age adven
tures.
Evening festivities in the stadium will
include family picnics on the grounds,
with food booths manned by church and
civic organizations to provide food for
those who do not wish to bring their
own picnic lunches or who want some
thing extra to “top off” their home-pre
pared meal.
Patriotic Observance Planned
The night’s program will feature a
patriotic observance with such dignitar
ies as congressmen, state legislators,
mayors from nearby communities, and
will include recognition of decorated
servicemen from all past wars.
The program will also Include a pa
triotic speech, a flag ceremony and a
choir.
At the conclusion of the festivities
and patriotic observances, a gigantic
fireworks display will be presented.
The entire program will be free ex
cept for food and refreshments pur
chased at the booths.
Company To Discontinue
Operations At Nye-Wait
Fieldcrest Mills, Inc., announced June
2 that operations will be discontinued
at its Nye-Wait Rug Mill in Auburn,
N. Y. Manufacturing processes are to be
phased out during the next several
weeks.
The mill produces figured and plain
Wilton carpets and employs approxi
mately 100 persons. Severance pay will
be given to those employees who re
main until released, company officials
said.
Formerly the Nye-Wait Company, the
milt was purchased by Fieldcrest in
1958. Current trends in marketing make
it uneconomic to continue the operation
of the Auburn Mill, officials said.