North Carolina Newspapers

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IPL. XXII Spray, N. C„ May 25, 1964
NO. 23
Brenda g. stowe
ieldcrest Will Purchase Four More Mills
>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
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
>®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.

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