.INC. • nonra oi ^•■ - ... ^ ,.iiU.....|-.,ni .... ^ ^ ” - Ml M- Mil. . ^ IPL. XXII Spray, N. C„ May 25, 1964 NO. 23 Brenda g. stowe DONALD F. RHODES CHARLIE A. EVANS RICKIE L. MANUEL ROBERT WADE MYRICK ieldcrest Will Purchase Four More Mills P'’ >eldcrest Mills, Inc., ha.s agreed to 1'^hase the plants and inventories of '^orth Carolina Finishing Company, L Alexander and Leward greige sheet- L fnills, and Carnac, a converting op- r'on based in New York City, from Erlanger Mills Corporation, as of 27, as announced by Harold W. '.^^cornb, president of Fieldcrest, and Ian H. Robertson, president of Erl- 66r. Pieldcrest will pay cash for the 'Perties. tie Finishing plant is located at Salis- the Alexander mill at Forest City the Leward mill at Worthville, all „%rth Carolina. Erlanger Mills, Inc., at Lexington, N. C., is not in- ,in the sale to Fieldcrest and will Jitiue to be operated by Erlanger. Whitcomb stated that the two mills will be integrated into f '^^rest sheeting operations as *^Ptly as possible. The mills will be erted from 128 carded muslin sheet- to Fieldcrest’s 180 combed Duracale in gradual stages. The acquisition will nearly double Fieldcrest production of this product. The North Carolina Finishing Com pany, one of the largest and best known job commission finishing plants in the industry and the Carnac converting op eration will be operated under their present names as divisions of Fieldcrest Mills, Inc. Mr. Whitcomb stated that the present officers and executives the com panies headed by Mr. Robertson have agreed to continue in their present ca pacities under Fieldcrest ownership. Mr. Whitcomb stated that this acquisi tion would provide Fieldcrest quickly with badly needed sheeting production, increase annual sales volume by approx imately 25 million dollars, with a sub stantial increase in company earnings. “The plants are in excellent condition,” he stated, “well managed, profitable, favorably known in the industry, and should fit into our present operations most satisfactorily,” ^ Merchandise Shown At Sales Meetings 'tuat'O RR ” Q f QT'—T'OQ nViin o' — '5^ultaneous sales meetings were ^lay 8 and 9 in New York, Chicago, San Francisco to introduce the new I'li^'^crest Bed and Bath Fashions for fts, >®onnel as well as mill executives. j.^^everal striking ‘one look’ collections introduced. “Three Cheers,” an and imaginative red, white, and ^ ® grouping of stars, stripes and solids, tone for the showroom’s World’s theme with avenues of banners. “Forecast 66,” a far-reaching collec tion of ten new solid colors plus a de lightful rose print built around these hues offers endless mix and match co ordinations. A charming tri-tone ribbon striped sheet lends another variation. For the ultimate in splendor, a third ‘one look’ brings the beauty of the Mid dle East to bedroom and bath in “Persi an Fantasy,” a scrollwork pattern. And an important addition to the Storyland Collection for children is the (Continued on Page Eight) Scholarship Winners Reveal College Plans College plans of the five young people who received Fieldcrest and Muscogee Foundation Scholarships in 1964 have been announced. Recipients of Fieldcrest Scholarships were; Rickie Lawrence Manuel, son of Mr. and Mrs. Albert Sanders Manuel; Donald Francis Rhodes, son of Mr. and Mrs. Sam Buck Rhodes, Jr.; Brenda Gayle Stowe, daughter of Mr. and Mrs. Howard Stowe; and Robert Wade My- rick, son of Mrs. Juanita Byrd. Charlie A. (Andy) Evans, son of Mr. and Mrs. James William Evans, was the recipient of the first scholarship to be given by the Muscogee Foundation. Rickie Manuel, of Draper, plans to attend the University of North Caro lina at Chapel Hill and major in mathe matics and science in preparation for a career in engineering. Donald Rhodes, Leaksville, is to at tend North Carolina State, the Univer sity of North Carolina at Raleigh and (Continued on Page Five) Credit Union To Pay Another 4% Dividend Members of the Fieldcrest Mills Credit Union in all locations will receive a 4% per annum dividend, figured on their average monthly balances and credited to each member’s share ac count as of June 30, 1964. The dividend was authorized by the Credit Union’s Board of Directors at their regular monthly meeting May 18.