THE MILL WHISTLE
^ol. 35
Eden, N. C., July 19, 1976
No. 1
^orastan Unveils
^*nes For Fall '76
is unveiling seven
®adloom fashions for Fall
'^hfee • -1
'^sidenLi primarily
fersarw* four offer the
j^^'^cording to Robert V. Dale,
esien ®’'^ent of styling and
ar{i,’,.^he two
Twilight Shadows,
diniensions to the
Won popular fine-denier
“Wes.
Obdupl^ plush featuring a
attern'* abstract multi-color
le nfL '*^uied Velvet Dream is
service in both
and commercial
companion
called Nocturne
other
primarily residential
four dual-purpose
t *^^*al-residential carpets
eU ''boreau Prisms, Grande
‘roip„p *8h Authority and New
options.
ittern^bo Moods has a subtle
'>lid t* P^'oduced by combining
lijtgjbbes with moresqued or
lia(iowa”i?b Twilight
however, is composed
' Nript b® *uoresqued tones used
‘■e'JJhrne Moods.
h styling approach
develops its own kind of
fascinating highlights across the
surface. However, as they are
color-coordinated, both carpets
can be effectively used in
adjoining areas of a home.”
A newsworthy color trend is
the expansion of Karastan’s new
rose and melon tones in the
palette of both carpets. Mr. Dale
noted that the introduction of
“Dusty Rose” and “Muted
Melon” take on a special
richness when translated into
the pattern and moresqued
effects of these fine-denier Anso
nylon plushes.
Velvet Dream projects the
visual appeal of a small-scale
abstract design in a thick nylon
plush. The design is produced by
Karastan’s “Tapestry Crafted”
process which applies the colors
to the yarn before it is tufted into
the carpet.
Of the four dual-service com
mercial-residential broadlooms,
three follow varied approaches
to the use.of natural colors and
earthtones. The fourth features
striking graphics and brilliant
color mixes.
Berbereau Prisms is a liew
design treatment for Karastan’s
(Continued on Page Five)
NOCTUKNK MOODS features rich highlights seen across a luxiiriouslv soft .\nso nylon surface.
Record Earnings Are Forecast
'Wcior ^^•'ization changes ai
ily , Mills, Inc., effectivi
'Sg^^b'vision vice presiden’-
1, j^*^9rpet manufacturing.
^hietches was named
'^hiQjJb vice president-bath
A bianufacturing: and W.
‘^ue was appointed
vice president and
^^htinued on Page Two)
W. S. AYSCUE
William C. Battle, president
and chief executive officer of
Fieldcrest Mills, Inc., an
nounced July 1 that Fieldcrest
expects record earnings of 80
cents per primary share for the
second quarter and $1.41 per
primary share for the first six
months of 1976.
Mr. Battle and two other com
pany officials, Francis X.
Larkin, president of the
Karastan Marketing Division,
and David M. Tracy, president
of the Fieldcrest Marketing
Division, reported on
Fieldcrest’s activities to
members of the New York
Society of Security Analysts at a
meeting in New York City.
Fieldcrest estimated after-tax
earnings of $2.9 million for the
second quarter and $5.1 million
for the first half of this year.
These amounts compare with
earnings of $1.6 million or 45
cents a primary share for the
second quarter of 1975 and $1.7
million or 48 cents a primary
share for the first half of last
year.
The 1976 six months' earnings
set an all-time record and all
divisions contributed to the new
high, Mr. Battle said. The
previous high was established in
1%8 when the company earned
$4.0 million or $1.15 a primary
share for the first half.
The Fieldcrest president
pointed out that sales for the
quarter and first six months
were expected to reach $81 mil
lion and $153 million,
respectively, both record levels.
This compared with sales of $70
million in the second quarter of
(Continued on Page Seven)
Fieldcrest Holds Distributots’
Sales Meeting In Greensboro
Principals of 11 key Fieldcrest
distributors joined Fieldcrest
marketing and manufacturing
executives for a special
Distributors Sales Meeting on
June 21, 22 and 23. The meeting
was held at the Holiday Inn-Four
Seasons in Greensboro.
The meeting was conducted by
C. B. Arnold, division vice presi
dent and manager of specialty
and distributor sales. He
congratulated the group for their
outstanding sales performance
during both 1975 and year to date
1976.
In reviewing . Fieldcrest’s
current position, Mr. Arnold
cited opportunities for increased
sales through the exciting new
products introduced for the Fall
1976 collections.
0. G. Grubbs, vice president
and director of sales, speaking of
Fieldcrest’s plans for the future,
outlined the company’s capital
improvement programs.
E. F. McCarthy, division vice
president and Fieldcrest sales
manager, noted important
policy revisions aimed at taking
full advantage of the sales
potential offered by the dis
tributors’ sales organizations.
The Fieldcrest Fall 1976 line
was presented to the group by
the department and product
(Continued on Page Three)