Newspapers / The News-Journal (Raeford, N.C.) / Nov. 5, 1970, edition 1 / Page 4
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Burlington Reports Sales And Earnings New York, N.Y., October 27, 1970 *? Burlington Industries, Inc. today reported a 3.2 percent increase in sales and a 9.3 percent decline in earnings per share for its 1970 fiscal year, ended October 3. Consolidated net sales for the year were 51,821,598,000 compared to 1969 sales of $1,764,675,000. Consolidated net earnings for the year were $71,423,000 or $2.73 per share on 26,170,000 average shares outstanding. Earnings for the previous year were $78,135,000 or $3.01 per snare on 25,973,000 average shares outstanding. For the Company's final quarter (three months ended October 3), net sales were S468,205,000 compared to $433,115,000 for the same quarter a year ago. Net earnings for the quarter were S1S,983,000 or 61 cents per share, compared to $17,973,000 or 69 cents per share for the period last year. The Company's final quarter consisted of 14 weeks compared to 13 weeks in the comparative quarter of 1969, and the 1970 fiscal year consisted of S3 weeks compared to S2 weeks last year. Charles F. Myers, Jr., chairman, noted that "Many areas of our business were under increasing downward pressure throughout the September quarter. This broadly reflected a continuation of slow general economic activity which caused many retailers and apparel manufacturers to buy cautiously. Additionally, confusion over fashion trends, particularly in the women'i wear field, has contributed tc hesitation of both consumer; and retailers. While we hav? recently experlCACtd sonu modest increase in demand foi a number of hong.furnishing; products, we b$tee:Uur the outlook for improved textile business generally will depend on a resumption of consumer confidence. Results for the 1970 fiscal year are subject-~to confirmation by the company auditors. Stonewall Report BY MRS. HAROLD CHASON The Reverend Berry O. Barbour pastor of Sandy Grove and Parker's United Methodist Churches will be away preaching in a revival meeting al Bell Arthur, North Carolina. The Reverend Herman Winberry pastor of the Raeford United Methodist Church will be preaching at Sandy Grove Sunday evening Nov. 8 at 7 p.m. Mr. and Mrs. Steve Phillips ;yid Miss Ellen Maxwell spent {he weekend with Mr. and Mrs. Preston Phillips in Washington, North Carolina. Mr. and Mrs. E.B. Maxwell and son Robert spent the weekend touring in the moutains. The WMU of Ephesus Baptist Church met at the home of Mrs. Nettie Butler Monday night with eight members present and five visitors. Mrs. Butler gave the program on "Argentine Baptist Advance." Refreshments of cocoanut cake, coffee and drinks were served. Mrs. Myrtle Sappentield, Mrs. H.C. Maxwell, Mrs. Harold Jackson and Mrs. Dora Chason visited Mrs. Nannie Mae Ritter at the Ladies Confederate Home in Fayetteville Sunday afternoon. Mrs. Ella Traywick returned to Durham Monday with Mrs. Gladys Bostic. Mrs. Lilly McDougald is at home with Mrs. Bostic. Mrs. T.W. Jones, Mrs. Elizabeth Tolar, Mrs. Harley Adams Sr., Mrs. Weldon Bishop. Mrs. Jim Maxwell and Mrs. Frank McGregor went on the Home makers Extension County ? Wide Housing Tour Friday p.m. Mr. and Mrs. Weldon Bishop's home in Dundarrach was visited on the tour. Mr. and Mrs. Harold J. Cahson visited Mrs. J.W. Palmer and Mr. and Mrs. C.P. Chason in the 71st Community Friday. The monthly meeting and supper of the Methodist men will be at the Sandy Grove Hut Thursday at 7 p.m. Lester Sessoms Sr. entered Cape Fear Valley Hospital Sunday Nov. 1. Donald McKenzie celebrated his birthday Sunday with a dinner with his family Mrs. Clellan McKenzie, Glenda and Teresa McKenzie. his grandparents Mr. and Mrs. L.M. Chason and Tom Chason. The Senior UMYF members of Sandy Grove United Methodist Church was entertained with a Halloween party at the Hut Saturday night given by Sherwood Tomlin and Tim Sessoms. Games and records were enjoyed by the group. Refreshments were served. Mrs. H.T. Tread well is a patient at Cape Fear Valley Hospital. Mrs. Annie Cain spent several days in Fayetteville this week visiting relatives. Mr. and Mrs. Frank McGregor spent Sunday in Halifax. Virginia visiting Mr. and Mrs. Don Koonce and son Michael Mr. and Mrs. R.B. Barbour's home was broken into Saturday night and many articles were stolen including clothes, guns, clucks, radio and record player. Donald Kennedy of Applachian State University visited his grandfather Paul Barbour Monday afternoon. Donald Thomas Jr. and Becky Thomas of Aberdeen spent the weekend with their grandparents Mr. and Mrs. David Hendrix while their parents Mr. and Mrs. Donald Thomas Sr. attended tne Shrincr's Convention in Charlotte. Miss Glenda McKen/ie along with the other members of the Drama Club at Parkton High School attended the l ayetteville Little Theatre and saw the play "Dracula" Saturday night Mrs. Klsie Hardin of Knckl'ish and Mrs. Norris of Fayetteville visited Mr. and Mrs. Ode I) Miller and family Saturday night. Mrs. Ha?el Black spent the weekend with Mr. and Mrs. Bobby llollingsworth in High Point. Mrs. Grace Mclntyre of Lumberton and Mrs. Graham ( lark ot Racford were Sunday afternoon guests of Mr. and Mrs. H.C. Maxwell. Sgt and Mrs. Ben 1-rank Pcarce of Bilcxie. Mississippi and Mrs. Lillian Pcarce ol Br nnet tsville were Sunday guests of Mr. and Mrs. Percy Brewer. Mr. and Mrs. hrncst Davis were Saturday night guests ot Mr. and Mrs. Richard McMillian and daughter Kimberly. Mr. and Mrs. J.C Barnes and daughter Shirley and son Tommy Barnes visited with Mr. and Mrs. Billy Barnes in Florence Sunday afternoon. S.Sgt. Robert Orem left Tuesday for a tour of duty in Vietnam. Mr. and Mrs. Frank Sandy of Augusta. Georgia spent the weekend with Mr. and Mrs. L A. Sandy. Mrs. Dorothy Sandy and Mrs. L A. Sandy visited Mrs. Eldon Sandy at Moore M e mo rial Hospital Sunday night. Mrs. Sandy was injured in an automobile accident Friday night. Mr. and Mrs. John Glisson visited Mr. and Mrs. Willie Glisson Sunday afternoon. Sally Lynn and Mary Monroe Maxwell attended a birthday party tor Alison Evans at Iter home in Lumberton for her fourth birthday Saturday afternoon. Mr. and Mrs. Walter Parks visited with Mrs. Walter McAuthur in Red Springs and the Reverend and Mrs. P.O. Lee in Raet'ord Sunday afternoon. The Senior I'MYF of Sandy Gtove United Methodist Church met at the Hut Sunday* night with ten members present. Two councilors Mrs. Cellan McKeiuie and Mrs. Amos Grant. A business meeting was held. Plans were^ made for a Christmas program. The Mildouson Homeniakers Club served the Senior Citizens Club Thursday afternoon. Those serving were Mrs. Bill Jones. Mrs. Klizabeth Tolar and Mrs. H.C. Maxwell. Woodrow Hayes, Linwood Hayes. Jolin Balfour, and Bobby Gibson spent Tuesday. Wednesday and Thursday of last week fislung on the Outer Banks. With Our Service Personnel Airman James R. Cooper, son of Mr. and Mrs. James W. Cooper of 1203 N. Poplar Si., Aberdeen, lias completed basic training at Lackland AFB.Te>. Me has been assigned to Keesler AFB, Miss., for training in the administrative Held. Airman Cooper, a I9b8 graduate of Aberdeen High School attended Sandhills Community College in Southern Pines. His wife is the former Bonnie Allred of Aberdeen. CW2 James II. Culp retired* from the Army last week after more than 22 years of active service. During his Army career he served in Germany, Korea and Vietnam. Attending the retirement and award ceremony at Ft. Bragg were Mis. James H. Culp and son Gary, his sister, Mrs. Charles Johnson, Mr. and Mrs. F.T. Brock, Sr., Mr. and Mrs. Harold Brock, F.T. Brock. Jr. and many friends. CW2 Culp was presented his fourth award of the Army Commendation Medal and retirement certificate by Lt. Gen. John T oIs o n , commanding general XVIII Airborne Corps and Ft. Bragg. The Culps will make their home in Rockfish. U.S. Air Force Sergeant Chester W Branch, son of Mr. and Mrs. Ricks Branch of ' Raeford, is un duty at Taklili Royal Thai AFB. Thailand. Sergeant Branch is an aircraft accessories repairman with a unit ol the Pacific Air Forces He previously served at Pope AFB.N.C. The sergeant is a 1968 graduate of Hoke High School. L.S. Air Force Stall Sergeant Howard T Mercer, son of Mr. and Mrs. T T Mercer, 514 F. 21st Lumbcrton. is on duty at Tan Son Nhut AH, Vietnam. Sergeant Mercer, an aircralt accessories repairman in a unit of the Pacific Air Forces, previously served at Lockbourne AFB, Ohio. The sergeant is a 1957 guduate of Little Field High School. His wife, Patrici*. is the daughter of Mr. and Mrs. P L Cyrs of Sugar Hill, N H. About 1,000 tons of meteorites annually fall on the moon s surface; they compose about 2 percent of the lunar soil. KEN'S CARPET CENTER 2508 Raaford Rd. fayetteviile Pttona 414-7161 and 121W. Naw Hampshire Am. SOUTHERN PINES Ptwua <927427 N?ili J. Blut AOKNT Ption? 875 3709 P.O. Box 124 Raeford, N. C. 28376 i^elkHensdak GIGANTIC Storewide Both Big Stores ? DOWNTOWN *TALLYWOOD SHOPPING CENTER OUR BUYING COMMITTEES HAVE MADE THEIR SPECIAL TRIPS TO NEW YORK. CHARLOTTE AND OTHER MAJOR MARKETS SELECTING SPECTACULAR SUPER SPECIALS FOR THIS BIG SALES EVENT. WE ARE DETERMINED TO MAKE THIS THE BIGGEST SAVINGS SPECTACULAR OF THE YEAR! SAVINGS ON IN-SEASON ITEMS, THE THINGS YOU NEED MOST, RIGHT NOW IN EVERY DEPARTMENT!! SAVE FOR THE HOME AND FOR EVERY MEMBER OF THE FAMILY. Popular Ladies'"Wet Look" KRINKLE VINYL COATS 00 USUALLY 50.00 28 In the height of fashion...the new "Wet Look" vinyl coats for ladies! Perfect for all weather wear. Warm and light keeps you dry in sudden showers....and looks like a million. You can't mits at a pries like this! Big Savings On Children's SWEATERS 97 USUALLY 4D0 2 ? 100% Orion - All Colors ? All First Quality ? Sizes 7 to 14 Famous Name Ladies' SPORTSWEAR 97 ? PANTS ? TOPS "usually 7 00 to 12.00 3.7 Really stylish sportswear by one of our best makers at this give-away price. Slacks are well tailored, straight-leg styles. Tops have long and short sleeves, pull-overs, vests, arw^cardigan styles. A wide variety of colors to choose from. Gorgeous Nylon Group LADIES SLEEPWEAR ?GOWNS ... .USUALLY 4.00 **97 ? PAJAMAS. ? ? .USUALLY 6.00 ? ROBES USUALLY 6.00 2 These are SLIGHT IMPERFECTS, a copy of one of the highest priced, best known name brands, all really gorgeous! Choose in blue, green, yellow or pink colors, all 100% nylon and all at this one low price. A STEAL! Stock up for Christmas giving. "Rockingham" All Wool MEN'S SUITS 90 ? Regular 95.00 ? Solids, Plaids and Stripes ? Two Pairs of Pants 68 "Andhurst" Fashion Color MEN'S SHIRTS 3s8 Regular 5.00 i Permanent Press ' French and Two Button Cuffs > Long Point Collar "Andhurst" 100% Wool MEN'S SLACKS 10" ? Usually 16.00 Solid Colors 100% Wool Worsted Boy's Perma Press DRESS SHIRTS ? Rag. 4.00 and 4.50 ? Town Collar ? Two Button Cuff ? Fashion Color 3 22 "State Pride" Group APPLIANCES T44 ? Steam and Dry Iron ? 2-SJiaa Toaster ? Hand Mixer ? 9-Cup Percolator 100% Pplyester DOUBLE KNITS ? Usually 6.00 ? New Colors ? New Patterns 0 Just Arrived y q 3 88 DOWNTOWN FAYITTIVILU AMftDIIN, LAUMNMIRQ and TAUVWOOP IHOWHW C1NTM mn4 KIP ?WINOS ifc
The News-Journal (Raeford, N.C.)
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Nov. 5, 1970, edition 1
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