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North Carolina Newspapers

Fieldcrest mill whistle. volume (Spray, N.C.) 194?-19??, November 03, 1969, Image 1

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THE Ml •#l" 's'irk’i* h :l®iii ■ ^pl fwi' mm Ml Mi 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 ^''aUable. 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- «ase ----- 3e 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 in 1968. 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 “Fair Share.” 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 partments. 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 Whistle. 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.”

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