Newspapers / The Fieldcrest Mill Whistle … / May 1, 1972, edition 1 / Page 1
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THE MILL WHISTLE H 30 Eden, N. C., May 1, 1972 Fieldcrest vice president (center), discusses “Distributor of the award with Jack Cohen (right) and Aaron Cohen, of Cohen Dry Goods Co. I^ohen Co. Presents Fieldcrest Award Cohen Dry Goods Company has , Ssented its first annual Fieldcrest t ^stributor of the Year” award to 16 jj, ^Pendent retailers. The award was L^®®tited to those Cohen accounts who Of merchandised a complete line ..■f^sldcrest bed and bath products, tho”® award will strengthen llj ^onds between the distributor and the '^®^^der,” Jack Cohen, president of Cohen Dry Goods Company, stated. Vp® ^ward will be used in store ad- hsements. ^tti ending the award dinner for Field crest were O. G. Grubbs, corporate vice president and director of sales; E. J C. Molitor, divisional vice president and sales manager; D. P. Morrissey, Eastern regional sales manager; and J. J. Pendergast, sales representative. The Cohen Dry Goods Company is the exclusive Fieldcrest distributor to small independent retailers in the Penn sylvania, southern New Jersey, Mary land, and Delaware area. Fieldcrest is the major supplier of the Cohen Dry Goods Company, who is one of our lar gest distributor accounts. Textiles Week Celebrated At Eden he first National Textiles Week was April 23-29 to direct attention tj, j'he textile and apparel industry and ihp- the 3.4 million people who earn living in textiles and apparel. Sjji L. H. Hance, vice president-re- and engineering at Fieldcrest tiu^’ Was chairman of National Tex- s Week in the Eden area. (jj 'sldcrest Mills took the lead in the ration with a special salute to em- I'ees in The Eden News and on the radio as well a.? activities involving stu dents at Morehead High School. At the assembly program at More- head Wednesday, April 26, H. H. New ton, Fieldcrest vice president-industrial relations, made a brief talk on tex tiles and presented a film showing Field crest fashions. On the same day some 80 Distributive Education and Industrial Cooperative Training Students were given guided (Continued on Page Three) No. 21 Company Sales And Earnings Increase Fieldcrest Mills’ first quarter sales of $50,961,000 represented an increase of 11% over the prior year. Net earnings showed corresponding improvement to a level of $1,0.56,000, an increase of 20% from the year earlier level. Earnings per share for the quarter were $.30 compared to $.25 last year. Utilization of the investment tax credit contributed approximately $.02 per share in 1972. All divisions of the Company partici pated in the record first quarter sales, with carpets and commission finishing being particularly strong. Favorable manufacturing activity levels and re duced interest expenses were important elements in the earnings improvement. G. W. Moore, chairman, said, “It is important to note that the earnings of our former factoring subsidiary, John P. Maguire & Co., which contributed $.07 per share in 1971, were more than off set by improved operations in the basic areas of our business. “Good retail sales, signs of improved consumer attitudes, and strong housing starts indicate to us that sales and earn ings will improve during the remainder of 1972.” RCC To Graduate 1st Textile Class In May Three Fieldcresters will be among the approximately 12 students in the first graduating class of the Textile Tech nology and Management program at Rockingham Community College. Grad uation exercises for the group will be held May 27. Those now graduating entered the program approximately two years ago and have earned an associate in appli ed science degree by completion of the full two-year curriculum. Graduating . Fieldcresters are: Dan iel R. Thompson, loom fixer, Karastan Rug Mill Weave Room; Philip E. Haynes, starch mixer. Blanket Fin ishing Mill Bleachery; and Samuel R. Macy, control tester. Blanket Mill. . Four recipients of Fieldcrest’s Rock- (Continued on Page Two)
The Fieldcrest Mill Whistle (Spray, N.C.)
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May 1, 1972, edition 1
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