i:i*
Eden, N. C., April 27, 1970
, V.., ^,, J.^,^ JV^Q_
Eight Are Given Fieldcrest Scholarship
^orth $4,000 Each; Total Of children of employees since the nro- Terrv Ann rih.-itnn
J'^orth $4,000 Each; Total Of
2 Fieldcrest Scholarship
•ven Since Program Began
Fieldcrest Foundation has award-
eight additional scholarships to as-
oht ®f Fieldcrest employees in
iaining a college education.
The scholarships are worth $4,000
^^eh over the four years of college at-
j "^dance, and the latest grants make
of 52 Fieldcrest Scholarships
JJiel^ave been given to employees or
johnston Will Retire
37-Year Career
children of employees since the pro
gram was started in 1960.
Recipients of the eight new scholar
ships are Ronald Ray Broadnax, More-
head High School; Terry Ann Chilton,
Morehead High School; Edward Frank
lin Coker, East Rutherford High School;
Cathy Lee Gillie, Smithfield-Selma
High School; Karen Lynne Hodges,
Morehead High School; Cecil Jerome
(Jerry) Nance, Jr., Boyden High School;
Clara Elizabeth Shepherd, East Rowan
High School; and Norma Gail Shively,
Morehead High School.
Ronald Ray Broadnax has been ac
cepted at A & T State University and
plans to major in electrical engineer
ing. He is the son of Roy Lee and Orena
V. Broadnax. Roy Lee Broadnax is a
filling storage man at the Bedspread
Mill.
Terry Ann Chilton will attend the
University of North Carolina at Greens
boro and plans to major in science.
She is the daughter of Gilmer E. and
Mary H. Chilton. Mr. Chilton is an
order filler at the Karastan Service
Center and Mrs. Chilton is a utility
hand at the Bedspread Finishing Mill.
Edward Franklin Coker has been ac
cepted at Western Carolina University
and expects to major in history. His
parents are Franklin B. and Dorothy
G. Coker. Both are employed at the
Alexander Sheeting Mill, Forest City.
Mr. Coker is a weaver and Mrs. Coker
a spooler tender.
Cathy Lee Gillie will attend East
Carolina University and plans to ma
jor in mathematics. She is the daugh
ter of Frank H. and Kathleen Gillie.
(Continued on Page Eight)
Fieldale Towel Mill Schedules ‘Open House’
ji^^andolph Johnston, a divisional vice
tij^^'dent in the Fieldcrest Marketing
If *sion, has announced his retirement
the Company, effective April 30.
Johnston, a member of the do-
idj^^cs sales organization for 37 years,
d Marshall Field & Company,
(fJ^Sgo, in 1933. He represented Field-
'• as a salesman in the Ohio, Indi-
ennsylvania area for many years
j -'^came a district manager in 1953.
V ^^^56, he was appointed Lake States
t°hal manager and in 1969 was
a vice president of the Divi-
■ His Company service was inter-
when he entered the Army in
(Continued on Page Eight)
Employees and their families, rela
fives and friends are being invited to
tour the Fieldale Towel Mill during
“Open House” Wednesday, May 6, from
3 p.m. until 9 p.m.
For the benefit of second shift em
ployees, the Open House hours will be
from 10 a.m. until noon on the same
date.
In announcing the event, William O.
Stone, Jr., manager of the Fieldale
Towel Mill, said, “It has been several
years since we had an Open House pro
gram at the mill and during this time
there have been a number of changes
and improvements.
“We feel that many people would like
to see what has been accomplished and
see the facilities used in the manufac
ture of beautiful towels by Fieldcrest.”
It was pointed out that millions of
dollars have been spent on moderniza
tion and expansion at the Fieldale Towel
mill in recent years, with the result that
it is now one of the best-equipped ter
ry towel operations in the world.
A special invitation has been given
the mill s retired employees who were
invited to return to the mill to see the
new equipment that has been installed
and to see old friends.
Visitors will be conducted on tours
of the mill by supervisors and staff
personnel. Door prizes are to be award
ed and refreshments will be served.
Mr. Stone extended an invitation to
Fieldcrest employees in Eden to attend
the Open House as well as community
people in the Fieldale-Eden area. Chil
dren will be allowed to accompany
their parents on the guided tours of
the mill.
First Quarter Sales,
Earnings Reported
Fieldcrest Mills’ sales in the first
quarter of 1970 were $41,014,000, down
3.0% from $42,275,000 in the first
quarter of 1969.
Earnings were $616,000 down from
$1,107,000 in 1969 (restated on the ba
sis of straight line depreciation). Earn
ings per share were $.17 compared to
$.31 for the first quarter of 1969.
In reporting the results, president
G. W. Moore attributed the sales de
cline primarily to the company’s car
pet division, reflecting weakness in
carpet industry sales and to the dis
continuance of the Nye-Wait rug mill
at Auburn, N. Y.
Sales were also reduced relative to
1969 by the liquidation of the Carnac
converting division. Domestics sales
(Continued on Page Eight)