Newspapers / Firestone News (Gastonia, N.C.) / April 1, 1964, edition 1 / Page 1
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GASTONIA • NORTH CAROLINA AN ALL-AMERICA CITY VOLUME XIII-NUMBER 5 APRIL • 1964 Tir«$ton« Fc Q’V. Your Symbol of Quality and Service r m Net Sales And Income for a Highest Ever Reached o“A“«r Net sales and net income of the Firestone company and its subsidiaries for the first quarter which ended January 31 were the highest ever attained during a first quarter. Chair man Harvey S. Firestone Jr. and president Raymond C. Firestone reported sales of $332,493,062—a 9.3 per cent in crease over the $304,156,823 figure for the same period last year. I Billion Production Will Awe You WORLD S fair OPENS APRIL 22 What is a world's fair? Kobert Moses, presi- of the New York 1964-65 World’s Fair, com pares it with Olympic Games, where the peoples the world send their best products, scientific developments, art and culture for open examina tion and competition in much the same way as athletes are sent to compete in the many and '^sried events of an" Olympic schedule. is spectacular. P. T. Barnum may have been the first to publicize the phrase “Greatest Show Earth,” but his utmost efforts now pale into insignificance as they are overshadowed by a ^olid square mile of pavilions, futuristic towers, ^^hibits, amusement areas and fantastic archi tecture opening to the public April 22. /Truly the greate.st show on earth, it will be ^ine times as big as the Seattle Fair of 1962. Like the Seattle fair, the New York version feature a monorail train. Encompassing the ^^r’s lake amusement area in two parallel, ^^osed 4,000-foot loops, the monorail will afford UNISPHERE, giant globe encircled by rings indicating paths of various satellites, is symbol of New York World's Fair. Globe is 12 stories high. passengers a panoramic view from 40 feet up in the air. Seven trains will be in constant operation, each one ottering a nearly-silent, air-conditioned ride cushioned by Firestone Airide air springs. Unlike the monorail at the Seattle Fair, cars will not ride on top of the track, but will be suspended under it. Each car of the 90-foot-long, two-car train will use a pair of four-wheeled bogies containing the Firestone air springs. The manufacturers claim that suspending the car between the wheels of the traction bogies provides many advantages over riding atop the rail. This system provides self-stabilization, a tremendous advantage on curves where excess sway caused by variations in speeds is com pensated by gravity. The New York monorail also differs from its Seattle counterpart in that it has a completely- enclosed track. The single rail over the cars is enclosed by a box, protecting it from the ele ments. This principle keeps the running surface more on page 4 Estimated income for the first quarter was $16,823,574, which was 15.5 per cent more than the $14,559,630 earned in the first three months of last year. The officers said $1,250,000 was set aside as provision for restricted earnings and currency devalua tions in certain foreign coun tries, resulting in estimated net income of $15,573,574. THIS MARKS the third straight year that sales-and- earnings records were set for the first quarter. First - quarter net earnings amounted to $.54 per share of common stock, compared with $.51 per share last year. Pro vision of $17,600,000 has been made for domestic and foreign taxes on income, compared with $14,500,000 in 1963. The officers believe 1964 will be another outstanding year for the rubber-products industry, and added: “We expect business in gen eral to continue its upward trend, resulting in increased con sumer purchases of a broad range of products, including those in which Firestone has a special interest.” On March 9 the company an nounced a regular quarterly dividend of 27 Vi cents a share, increased from the previous regular quarterly dividend rate of 25 cents a share, on com mon stock of the company, pay able April 20, 1964, to stockhold ers of record April 3, 1964. The first cotton exported from America went out from Charles ton harbor to England in 1784. ‘AU-America Week’ Coming Say it again. There are big doings in store the week of April 12-18, when Gastonia celebrates its selection as an All-America City. Join in the festivities and be proud of your hometown. Highlights of the week are a golfing exhibition April 14; a luncheon with all civic clubs represented and a street parade the 15th; and presentation of the All-America award at Ashley High School stadium on the 16th. Also during the week will be other activities, including a fashion show and a benefit bridge match. Celebrities will join in, too—among them Tony Lema of golfing renown; Miss America, Donna Axum; Miss North Carolina, Jeanne Swanner, and Tarheelia’s own Bet ty Johnson and George Hamilton IV. During the celebration week there will be an exposi tion at the Armory of products manufactured in Gastonia and Gaston County. Firestone will be represented at the exposition. Camp Firestone Opening Late April Workmen from the me chanical department the first ^^ek in April began to pre- Camp Firestone for its r^th annual season of offer- mountain fun and relax- ^tion for employees and ^^mbers of their families. f^lant engineer W. G. Henson Said opening of the holiday re- ^eat on Lake James would be April 27. 'The company-operated facili- y> On a cove of Lake James at ^idgewater in the Blue Ridge .fountains, offers a wide variety recreation from spring into *^ii-Qctober. At season’s end, ®niployees enjoy the peak of ^^tumn color in one of the best ^^ghtseeing areas of the South- mountains. Lake JAMES. with its 6,500 ^cres of surface, is in McDowell ^nd Burke counties. It has a shoreline of 154 miles. Its fish ing waters are a leading center for aquatic sports. Camp facilities offer boating, fish'ng, swimming, water skiing, horseshoe-pitching, table tennis, picnicking, camping and nature study. There are swings and see saws and a protected wading area for children. Housing and other facilities include six cottages with sleep ing quarters, each complete with electric cookstove and refrig erator; two other cottages with sleeping arrangements; and the central kitchen-dining building. Overnight accommodations are available for some 80 persons at a time, with several woodland acres suitable for camping. People of the mechanical de partment are making routine re pairs on buildings and equip ment, inspecting and bringing life-saving equipment to stand- more on page 2 Men from the shop each year replace and restock recreation, first - aid and safety materi als at Camp Firestone. Here (from left): John Harris, Ted Williams and James Barker. Each season the company emphasizes water safety on Lake James, s u p ■ plies boats with lifesav- ing equipment approved by the U.S. Coast Guard.
Firestone News (Gastonia, N.C.)
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April 1, 1964, edition 1
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