?urlington Report Reviews
extile Market Conditions
G reenskxjro - Burlington
Industries' |970 annual report,
ntailed to inore than 32,000
shareholders this week,
highlights tusiness conditions
of the past year in its major
market arms and notes the
Company's growing interest in
home aad institutional
furnishings.
The textile tirm, largest
producer of apparel fabrics,
indicates it is expanding
production of single, double
and warp ? knit fabrics in line
with expected growth of
markets for knitted apparel.
Burlington is also the largest
supplier of spun and textured
yarns used in the manufacture
of knitted outerwear.
Burlington sales were SI.82
billion for 1970, up three
percent over 1969, and
earning? were S71.4 million,
down nine percent for the
Students Work?Attend School
Like Grandpa and Dad many
of today'i itudentt must work
?0 go to Khool. But assistance
.1 being offered these students
in an on ? the ? job training
program enacted by the U.S.
Congress in the Vocational
Education Amendhients of
1968. The Amendments
provide financial assistance
through part ? time
employment to students in
need of earnings to begin or
continue vocational programs.
According to Dr. Charles
Firemen Plan
Supper Jan. 16
Piney Forest No. II
Volunteer Fire Department at
Lurrtber Bridge will sponsor a
bar-b-que supper and cake sale
at the Presbyterian Church
Stamps Fellowship Hall on Jan.
16 from 6 - 8 p.m.
The supper is free but
donations will be accepted.
The volunteer fire department
is now in the process of
organizing and funds are
needed to buy equipment.
same period.
Capital investment for plant
and equipment improvements
in the fiscal year totaled SI23
million; approximately the
same amount is projected for
1971. About 60 percent of
domestic capital spending in
1970 was for modernization
and 40 percent for expansion.
Burlington's international
operations accounted for $157
million in sales, and received
about 13 percent of the
Company's 1970 capital
investment dollar.
During the year Burlington
formed the Burlington House
Products Group to concentrate
on a wider range of home
products markets; acquired the
Stendig Company, a major
designer and distributor of
contemporary furniture;
formed Burlington Contract
Law, Director of the Division
of Occupational Education
with the State education
agency, the Vocational
Education Amendments
emphasize three main aspects
of vocational programs. One
aspect of the Amendments
provides funds for expanding
on - the - job training related to
a student's course of study.
Money is also appropriated for
developing new programs of
cooperative education, 17 of
which beean this year in North
Carolina. A third emphasis, the
work - study program, is being
implemented in all 152 school
systems in the State, said Law.
Funds under the work ?
study aspect of the program
are used to compensate
students employed and to
develop and administer the
program. A student may work
a maximum of 15 hours per
week while enrolled in a
vocational program, but
employment is limited to
public, non ? profit
establishments under this part
of the program, added Law.
Allotment of funds to local
school systems for the work -
study program is based a* the
percentage of the 15-21 - year -
and Burlington Acceptance to
support its activity in contract
and commercial furnishings
markets; formed a new
Burlington Blankets division,
which is to be in production in
1971; and announced it will
soon be making its first entry
into towel markets.
Chairman Charles F. Myers
Jr. and President Ely R.
Callaway Jr. note in their letter
to shareholders that "consumer
awareness of the Burlington
brand name has now reached a
significant level throughout the
country . . . our product and
market diversification is
growing within the broad areas
of textiles and related products
for apparel, home and
industry. Burlington is the
largest producer of many
textile products for the home.
The use of such products in
old population, the number of
dropouts, the rate of
unemployment and the median
income of the area. Each local
unit must match 20 per cent of
the funds to the federal
government's 80 per cent.
The total allocation for
Hoke County for 1970-71 is
SS8S. This will be used to
employ one student during the
summer at Hoke High School,
D.D. Abernethy, county school
superintendent said. The
county has participated in the
program in previous years, he
said, but dropped the program
last year because of an
inadequate fund allotment.
The county allotment of
S585 compares to the State
total of S93.633, a minimum
of the total cost of the
program.
Programs such as work ?
study promoting occupational
training are essential in cutting
down the dropout rate,
according to State School
Superintendent Craig Phillips.
By teaching a student about
the working world and letting
him participate while in school,
students who might otherwise
become bored with school will
remain motivated.
offices, schools and other
commercial and institutional
buildings is increasing, and
Burlington has organized its
operations to serve this
growing market."
The annual report features
photographs of 'The Mill" a
major exhibit on textiles at
Burlington House in New York
City. More than 250,000
visitors have toured "The Mill"
since its opening last
September, an average of 3,500
visitors daily.
Research
And
The Environment
Burlington increased its
commitment to research and
development, investing some
S7.8 million for 1970 research
at the corporate and divisional
level. The Company spent
another $2 million for air and
water pollution control
equipment at Burlington
plants, with that figure
expected to double in 1971 as
the Company continues to
expand and improve facilities
for industrial waste treatment.
Burlington is also
conducting significant research
in the plant environment,
concerning noise and respirable
dust, and will continue this
effort in 1971.
Apparel Markets
The report cites buyer
uncertainty about fashions -?
the midi vs. the mini -- as one
factor adversely affecting
apparel markets for some
divisions of the Company. On
the other hand, it says this
uncertainty has prompted
many women to buy pantsuits
as a compromise.
Panty hose markets were
generally good for most of the
year but are expected to be
more competitive in 1971, the
report noted.
The letter to shareholders
says, "Burlington's outlook for
1971 is difficult to evaluate,
and will of course depend upon
the direction of the general
economy .... however, we are
preparing for a resumption of
the strong economic growth
expected in the Seventies, and
we believe the Company is in
excellent condition to lake full
advantage of the profit
opportunities ahead."
jMuyyyyyi
DAKS
? ? ? >? . - 0 .'O ? ?
? ? ' o . ' ? ?,?
? ? , , O 1 I > ?'
CLEARANCE
STARTS THURSDAY JANUARY 7th
30%.. 50% off
ON ALL FALL & WINTER
MERCHANDISE
BLOUSES DRESSES
SKIRTS COATS
PANT SUITS SUITS
SLACKS
DAKS
US N.w. (Ml St. SOUTHIRN RINKS, N.C. Ph. *92-7*14
CRAFTSMEN - Members of Cub Scout Pack 802, Den 1 at Quewhiffle spent the fall making
Christmas crafts for their homes. Working every Monday for the past two or three numths, they
made tapered hand ? dipped candles, wooden candle holders, decorated felt stockings, popcorn
balls and taffy. Assisting them were Mrs. Jon Almond and Mrs. Donald Thomas, den mothers, and
Jon Almond. Cub Scouts left to right are Steven Perry, Michael Almond, Tommy McKenzie, Harry
Pickler, Don Thomas, Richard Cole, Ray Quick and Rusty Huff.
Deaths And Funerals
J.M. McGinnis
Buried Monday
Funeral services for James
Marshall "Jim" McGinnis of
Winnsboro, S.C. were held
Monday in Winnsboro. Burial
was in Oaklawn Cemetery
there.
McGinnis, 65. was a native
of North Carolina. He was a
retired television and radio
repairman.
He is survived by three
daughters, Mrs. H.J. Floyd of
Raeford, Mrs. W.H. Rowe of
Winnsboro and Mrs. Edwin
Cook of Fountain Inn. S.C.;
and two sons, Sgt. James A.
McGinnis of Ft. Bcnring, Ga.
and Harold K. McGinnis of
Aiken.
Local Lady's Mother Dies
Funeral services lor Mrs.
Annie Laurie Williamson of
Burlington were held Tuesday
at McClure Funeral Home in
Burlington by the Rev. Robert
Ledford. Burial was in
Maplewood Cemetery,
Durham.
Mrs. Williamson, 77. who
died Sunday was the
stepmother of Mrs. Joe
Gulledge of Raeford.
Mrs. Williamson was the
former chairman of the state
board of cosmetology. She was
the widow of Duncan A.
Lawrence and Charles J.
Williamson.
She is survived by two
daughters, Josephine Nichols
of the home and Mrs. Lugene
Pope of Durham: a son Duncan
L. Nichols of Hickory: a
stepdaughter, Mrs. Joe
Gulledge of Raeford: two
sisters. Mrs. Gertrude Harp of
Sanford and Mrs. J. High Poole
of Greensboro.
J.S. Lennon
Named To
J
Committee
The associate adminisjrutor
of the North Carolina
Sanatorium at McCain has been
named to a special committee
to negotiate with the General
Assembly for state employees.
Joseph S. Lennon of McCain
was named to the Legislative
Committee of the N.C. Stale
Employees Association by
Donald H. Jones of Raleigh,
president of the association.
The committee will
formulate a program to be
presented to the General
Assembly in the interests of
state employees.
Mr. Lennon is a native of
Delco. He is chairman of the
Pinccrest High School Advisory
Council, director of the North
Carolina TB RD Association
and vice chairman of the South
Central Comprehensive Health
Planning Council.
A state employee for 15
years, he has served as associate
administrator of the
sanatorium for 14 years. In the
Slate Employees Association,
he has served as state
M c m be is hip C mil mil tee
chairman and as a member of a
state Insurance Study
Committee.
He and his wife. Mrs.
Geraldine Lennon. are Baptists
and have one child.
J. H. Austin
INSURANCE
SINCE 1950
- . AUTO-FIRE-LIFE *
#??/ CASUALTY
Phone 875-3667
Giant Inventory
REDUCTION SALE
at
Sir Richards' Ltd
Southern Pines, N.C.
STARTS THURSDAY, IAN. 7
Shirt Values
SWEATERS
to $10.00
REDUCED
NOW ONLY
99 i
MM* EACH
60%
Suits and
Sport Coats
AS LOW AS
SHOES
Values To $47.50
$1500
&
$2o??
SOME AS LOW AS
$io??
? a PAIR
MANY OTHER GREAT SAVINGS
All Merchandise From Our Regular Stock
i
Sir Richard's Still Handles Personal Accounts
tor JRtcl|arh's, "JCih.
CENTLEMES S APPAREL
THE TOWN CENTER
?outhern Pines, N.C.