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Eden, N. C., November 3, 1969 NO. 9
Good Response Given In Fund Campaign
^ieldcrest omnlovees havA nlpHo-pH rprvrocpn+ii^ rf oil w-iil1 4-'U ^ —;n i j? _ t .
Fieidcrest employees have pledged
approximately $65,000 in the Eden
nited Fund campaign, a preliminary
Pulation shows, and the total could
®ssibiy go higher when the final re-
jts are determined.
|'°bert L. Moore, a regional person-
manager who is chairman of the
^^mpaign at Fieldcrest, said the solici-
apparently were successful in
W]^°cations. He said the final figures
0 be published as soon as they are
j^^r. Moore announced that the draw-
0 ^or prizes among those who pledged
the Fair Share basis will be conduct-
jj the Fieldcrest Store Thursday,
^^^mber 6, at 1:30 p.m. Employees
^ales Up, Earnings Dip
during Third Quarter
The Company’s sales in the third
j arter of this year were $56,728,000, up
from $53,184,000 in 1968, it is an-
(j ®*^ed by G. William Moore, presi-
t of Fieldcrest Mills, Inc.
Ijg^tal sales in the first nine months of
were $147,776,000, up 3% from
•3,002,000 in 1968.
'tolrt third quarter, sales of house-
aftti products continued at a rate
Igj °ximately 10% above last year, due
Pet to increases in sales of tufted car-
Vg Commission finishing and con-
OjNng sales were lower in 1969 princi-
b(jN because of the sale of the Carnac
|,iPess in March, 1968.
|2 c^'^Pi'ags for the third quarter were
5^’^9,000 in 1969 and $2,721,000 in 1968
sbg '"'ere equal to $.72 and $.77 per
Ofp,;® tor the respective periods. The de-
of $.05 per share compares with
Hg^^ease of $.23 per share in each of
jtirst two quarters.
the first nine months, earnings
l90(f $4,977,000 ($1.41 per share) in
$6,769,000 ($1.93 per share,
® a “rounding-off” adjustment
tit)^^’'’^mgs in the third quarter con-
'*Pstr'^ to be adversely affected by in-
' "'t'te reductions in sheeting
ly, I®.®’ higher labor costs and, especial-
ic/Sher interest costs.
has been previously pointed out,
^^est’s success is dependent upon
(Continued on Page Eight)
representing all mill divisions and the
staff departments are to attend.
A 23-inch screen color television set
will be given as the grand prize in a
drawing among the names of all em
ployees, mill and staff, who pledged a
A number of $15 gift certificates good
for any purchase at the Fieldcrest Store
will be awarded in drawings among the
names of the Fair Share contributors in
each mill division and in the staff de
Also, plaques, certificates and other
honors are to be awarded to departments
in which 100 per cent of the employees
pledged a “Fair Share.”
The President’s Plaque will be given
by President G. William Moore to the
mill which has the highest percentage
of employees giving a “Fair Share”. The
plaque will be held for a year by that
mill and will rotate to next year’s win
ner. The staff department having the
highest per cent of “Fair Share givers”
will receive a similar plaque.
Certificates of Merit will be presented
by the Eden United Fund to each mill
department and staff unit in which all
employees gave a “Fair Share.”
All pledges or cash contributions
which were reported by noon Tuesday,
October 28, will be counted in determin
ing winners of the prizes, plaques and
certificates. Recipients are to be an
nounced in the next issue of The Mill
The campaign in the community out
side of Fieldcrest Mills is still in progress
and will continue until the over-all goal
of $105,000 has been met, Eden United
(Continued on Page Three)
Feeley To Retire From Rug Sales Division
T> — i. _i! 1
Hugh P. Feeley, vice president of sales
of the Karastan Marketing Division,
will retire from the Company on Jan
uary 1, it was announced in New York
at the Karastan Marketing offices.
A veteran of more than 40 years in
the carpet industry, Mr. Feeley joined
Fieldcrest Mills in May, 1954, as assist
ant sales manager and was promoted to
sales manager in September of that year.
He was promoted to his present position
in December, 1957.
The announcement was made by Wal
ter B. Guinan, president of the Kara
stan and Laurelcrest Marketing Divis
ions. At the same time Mr. Guinan made
known the naming of five new division
al vice presidents for Karastan and
Laurelcrest, effective January 1.
The new divisional vice presidents are:
John F. Deery for sales of the Kara
stan division; Robert W. Ker for sales
of the Laurelcrest division; Robert V.
Dale for style and design for both the
Karastan and Laurelcrest divisions;
Max A. Petrich for merchandising,
Karastan and Laurelcrest; and George
V. Grulich for marketing services, Kara-
stand and Laurelcrest. All of these ex
ecutives will report to Mr. Guinan.
In announcing Mr. Feeley’s retire
ment, Mr. Guinan stated:
“Though I am personally delighted
that Hugh Feeley will be able to enjoy
the benefits of his many years of hard
work in the carpet industry and, particu-
HUGH P. FEELEY
... 40 Years In Carpet Industry . ..
larly, his outstanding contribution to the
success of Karastan and Laurelcrest—I
will miss his dynamic leadership and his
strong guidance of our sales force.
“Another area where his contribution
has been outstanding was in the train
ing and development of our young peo
ple, practically all of whom have risen
to successful positions with Karastan,
and now, Laurelcrest.”