Newspapers / The Fieldcrest Mill Whistle … / March 2, 1970, edition 1 / Page 1
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Fashion Show Makes Hit With Clubwomen fashions made from Fieldcrest pro- '*cts were a tremendous hit with the Pproximately 180 Junior club women *'otn the seventh district, North Caroli- ^ Federation of Women’s Clubs, who at the Meadow Greens Country at Eden February 21. Andrea Beerman, a fashion coordina- , from the Fieldcrest Marketing Di- lon headquarters in New York, pre- i^Pted the fashion show following the '^'icheon. ,,Members of the Eden Junior Woman’s modeled the fashions Fieldcrest bedspreads, sheets, tow- blankets and shower curtains. Shown were daytime dresses, ev- j hg gowns, bridal outfits, leisure attire “fun clothes”. Ij ^he Eden Junior Woman’s Club was K?®*- for the Junior Day program for ‘strict 7. James A. Parker, president of j ® Eden Junior Woman’s Club, wel ched those attending the meeting Ij Mrs. Fulliam H. Cashion of Greens- district president, presided during ® program. Tommy Flynt, of the Eden Jun- Roman’s Club, presented music for ® fashion show. Malcolm D. Coe, president of Bassett Printing Corp., at left, and William O. Stone, Jr., manager of the Fieldale Towel Mill, discuss manuscript telling the history of the Fieldale Towel Mill and the community of Fieldale. Book Will Tell History Of Fieldale Mill was commentator Fieldcrest Fashion Show at district meeting at Eden. See pictures on four and five. The history of the Fieldale Towel Mill and the community of Fieldale will be included in a hard cover book being prepared for publication this summer. The volume describing the growth and development of industry in Martins ville and Henry County, Va., will pre sent histories of approximately 20 ma jor industries in the city and county. It will be the first authentic, profes sionally written story of the industries and is expected to attract attention in the Martinsville and Henry County schools as the students study state and local history. It is believed that it will attract state and regional interest. The story on the Fieldale Towel Mill will cover 50 years—describing major events from the selection of a site for the mill and the town of Fieldale in 1916 on up through the $5 million-plus expansion program completed at the mill during 1969. Most of the stories will be written Agreement Not Reached Fieldcrest Mills, Inc., and Ward Foods, Inc., announced February 24 that they have failed to reach a definitive agree ment for the sale of John P. Maguire & Company, Inc., by Fieldcrest to Ward. by Mrs. Dorothy D. Cleal, of the edi torial department of the Bassett Print ing Corp. at Bassett, Va. Mrs. Cleal formerly was a staff writer and col umnist for the Martinsville Daily Bulletin. Her “beat” on the Martinsville Bul letin for many years included news about industry. She is a native of Buf falo, N. Y., and is married to O. W. (Continued On Page Eight) 1969 Sales Up; Earnings Are Less Than In 1968 Record sales were reported by Field crest Mills, Inc., for the year 1969. Sales rose to $209,510,000, up 3% from $203,732,000 in 1968. Earnings, which are still subject to final audit, were $7,488,000 in 1969 against $9,579,000 in 1968 and amounted to $2.12 per share vs. $2.70 per share in 1968. A change in depreciation policy re troactive to January 1, 1969, added $.16 per share, bringing final earnings in 1969 to $8,062,000 ($2.28 per share). “We are pleased with the operating results in 1969,” President G. W. Moore said, “but higher interest costs and the general economic slowdown affected profits, particularly in the second half.”
The Fieldcrest Mill Whistle (Spray, N.C.)
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March 2, 1970, edition 1
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