THE MILL WHISTLE
Vo]
. 35
Eden, N. C., November 1,1976
No. 8
. '*'on has
*foi
Marketing
—- launched . a new
^cre fashion-oriented
iCfQ ®^6nts for its dealers
Ihe f- country.
■®lled these events,
)®eni and You,” has
i(l(g marketed in a number
las n areas this fall and
il P>'oved extremely success-
‘‘'pL
iJiQpif successful
A key attraction at each event
is the “Color Analysis Work
shop” conducted by Mrs. Vance
in conjunction with the store
interior design staff. Customers
attending these sessions
received an individual color
personality analysis with
recommendations for color
schemes using carpets and other
home furnishings.
Leon Rosenthal, president of
W. & J. Sloane in San Fran
cisco, one of the stores
where the presentation has been
held, said “We ran the Karastan
color promotions in three of our
(Continued To Page Six)
results and
response by store
to this first event
Bedspread, Karastan
ant-
he “^iivated plans to expand
, of these
for 1977,” said
he Larkin, president of
>ivisi ^^*'3stan. Marketing
Ih
8tice features Diana
ondu’i® *^oted color analyst who
the presentations for
audiences in store
Jenis, or carpet depart-
fogfg^tiich are set up for the
several main and
25-Year Clubs Will Meet
Bedspread and Karastan long-
service employees will be
honored at 25-Year Club
luncheons to be served in the
mills on Tuesday, November 9,
at noon.
The luncheon for members in
the Bedspread Mill and the
Bedspread Finishing Mill will be
in the Inspecting Department at
the Bedspread Mill, Karastan
members will be served lunch in
Earnings Reported
5portp^'’est Mills, Inc,, Inc.
'fthgfL.ttctober 25 that sales
quarter and the nine
,®'^ded September 30
at record levels.
•otiti) earnings for the nine
reached a new high,
for the third quarter
the nine months were
an increase of 16
Ig^^ver sales of $208,900,000
for the third
^typ.'^’oreased 5 percent over
Net ^ level of $88,745,000.
‘I'titk ®^*'nings for the nine
[iOtg*’.)^creased 57 percent to
($2.18 per share),
'barter earnings were
$2,808,000 ($.77 per share) com
pared to $3,355,000 ($.93 per
share) in 1975.
The operating results were an
nounced by William C. Battle,
president of Fieldcrest Mills,
Inc.
“The slowdown in retail sales
of soft goods was reflected in our
business in the first part of the
third quarter. Reduced produc
tion schedules were imple
mented to prevent build-up of
inventory,” Mr. Battle said.
In addition to lower mill
activity levels, earnings for the
quarter were adversely affected
by higher wages and raw ma-
(Continued To Page Six)
Bedspread Div. Is Tops
In Fair Share Giving
Mill employees have shown enthu- tion Department poses with the giant check he
u f**!' the United Fund in many ways. Here made signifying his department’s 100 per cent
Allen, a yarn server in the Yarn Prepara- day’s pay contribution.
^Qrastan Launches Store Events
Employees of the Bedspread
Division led all others in the
percent contributing a Fair
Share or more in the Eden
United Fund campaign.
Five extra prizes will be given
in the Bedspread Division in
addition to the regular seven,
making a total of 12 $20 gift
certificates to be awarded in the
division. The certificates are
good for purchases at the
Fieldcrest Store.
Records show that 91.4 percent
of the Bedspread employees
gave a Fair Share and that 74.5
percent are signed up for a Fair
Share on a continuing basis. A
total of 95.9 percent of the em
ployees participated by
contributing in some amount.
The runner-up tor the highest
percentage of Fair Share
contributors was the Blanket
Division. In the Blanket group of
employees, 87.2 percent gave a
Fair Share or more and 78.3
percent pledged a Fair Share on
a continuing basis. In all, 89.3
percent of the employees
participated by giving some
amount.
Jim Stutts, Fieldcrest chair
man, said results in the overall
campaign will be announced
after the final tabulations have
been completed. He reported
that the Fieldcrest Foundation
has contributed $10,000 as a gift
(Continued on Page Six)
the Winding Department at the
Karastan Mill.
Retired and off-shift members
of the Bedspread 25-Year Club
have been invited to arrive early
and visit their departments and
friends and also to see the
display of new products.
Karastan retired and off-shift
members have also been invited
to arrive early and visit the
Showroom to see new patterns
and designs which have been
introduced as well as to visit
their departments and friends.
The Bedspread Operation now
has 222 Twenty-Five Year Club
members, including 87 active
employees and 135 retired em
ployees.
Karastan has 268 members,
with 138 being active and 130
retired.
New members in the
Bedspread Operation are Frank
A. Stump and Toy A. Wilson,
both of the Bedspread Mill; and
Rozelle F. Alcorn, Helen M.
Ferris and Martha J. Hale, all of
the Bedspread Finishing Mill.
New members at Karastan
are Kyle E. Edwards, Audrey S.
Ingram, John R. Mauney, Jr.,
William B. Minter and Lenford
D. Moore.
Fieldcrest
Director
Dies At 71
John Stephens Graham, 71, a
member of the board of direc
tors of Fieldcrest Mills, Inc.,
since 1966, died October 20 in
George Washington University
Hospital, Washington, D.C.,
after a brief illness. He was
chairman of the board’s audit
committee at the time of his
death.
A business and financial
consultant between government
appointments, Mr. Graham was
a commissioner of the Atomic
Energy Commission during 1957-
62 and assistant secretary of the
Treasury from 1948 to 1952.
Born in Reading, Mass., he
grew up in Winston-Salem,
where his father was a director
of the R. J. Reynolds Tobacco
Co. Mr. Graham was admitted to
the North Carolina Bar after
studying law at Harvard Univer
sity and the University of Vir
ginia.
After leaving the Winston-
Salem firm of Vaughan &
Graham to serve as an officer in
the U.S. Naval Reserve during
World War II, he became
assistant to the undersecretary
of the Treasury in 1946.
In 1948, President Truman ap
pointed him assistant secretary
of the Treasury. In 1957, Presi
dent Eisenhower named him a
commissioner of the Atomic
Energy Commission.
When he retired from the
Atomic Energy Commission in
1962, he joined the law firm of
Pehle, Riemer, Luxford and
Naiden as a financial and legal
JOHN S. GRAHAM
consultant. He continued as a
financial adviser when the firm
became a part of Morgan, Lewis
& Bockius.
Survivors include his wife,
Elizabeth, of the home at 3326 P
St. NW, in Washington; four
(Continued on Page Two)
Employees Reminded
Of Special Rug Sale
Fieldcrest employees and
retirees are reminded that a
special rug and carpet sale will
be held Saturday, November 13,
at the Karastan Service Center,
Eden.
The special “warehouse sale”
will be held from 9 a.m. until 6
p.m. and will be for employees
and retirees and their wives or
husbands only. Admission to the
warehouse will be by employee
identification card (permanent
card with picture) for active em
ployees.
Retirees and their wives and
(Continued To Page Six)