Newspapers / The News-Journal (Raeford, N.C.) / Jan. 30, 1975, edition 1 / Page 12
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on Reports Dip In Earnings Burlington Industries. Inc. reported lower sales and earnings tor the lirst quarter of its ll>75 fiscal year. Consolidated net sales and earnings for the quarter ended Dec. -8. were $502,270,000 and Sl>,| <)8.000. compared to sales of $542,450,000 and earnings of $24,008,000 for the same quarter last year. Net earnings per share weie cents on 27,700.000 average shares outstanding compared to 88 cents per share on 27,282.000 average shares outstanding for the first fiscal quarter last year. Horace C. Jones, chairman and chief executive officer, commented. "As the results of our December quarter indicate, the majority of textile and home furnishings markets have been severely affected by the current economic recession. The continued low The principal advantage of a diesel engine over a gasoline engine is that the diesel produces more power from a gallon of fuel. level of consumer confidence, declines in real disposable personal income, and depressed housing staits. together with efforts at the retail level to reduce and contiol inventories, have all contributed to this trend. "Burlington's board of directors have declared a quarterly dividend of oO cents per common share.pa>able March 1. 175. This represents a 10 cents per share reduction from the 40 cents per share dividend paid in each of the three previous quarters. "We continue with strict measures to control inventories and reduce costs which will help assure maintenance of the Company's strong financial condition. We are hopeful and see some evidence that the downward pattern of our business is flattening/out and that some gradual improvement will take place in the latter part of our fiscal year." The quarterly dividend of .?0 cents per share is payable March I to shatcholders of record at the close of business Jan. .? 1. VRl'/.l. KITTY - Tweety finds his ribbons won in the car show last weekend in h'ayetteviUe to be a pleasant toy. The tabby owned by Mrs. Marty Vega was selected Best Household Pet among the longhaired eats and was presented with the Morris trophy, named for the star of cat food commercials. FmHA Interest Rate Dips The interest rate was lowered Jan. 21 to 81; > on all loans for single family housing for low and moderate income families, for ruial rental housing, and NOW OPEN TO PUBLIC tevens tore J. P. STEVENS, THE QUALITY NAME IN TEXTILES, NOW HAS A STORE OPEN TO THE PUBLIC IN WAGRAM, N.C. WITH FINE PRODUCTS DIRECT FROM THE MILL TO YOU! 15% OFF OUR EVERYDAY LOW PRICES ON ALL MERCHANDISE FOUR BIG DAYS TO SAVE! ? SHEETS ? BLANKETS ? TOWELS ? MATTRESS PADS ? HOSIERY ? FABRIC ? DRAPES ? PATTERNS ? KITCHEN TERRIES ? NOTIONS ? BED SPREADS ? LADIES SLACKS HOURS: Tues., Wed., Fri., Sat. 9:30 a.m. to 6:00 p.m. Thurs. 1 p.m. to 9 p.m. Fayetteville Laurinburg tor housing site loans made by Farmers Home Administration James T. Johnson, state director, announced. This is a reduction from the current rate of l)'7 and will apply to all loans approved or closed after January 20. 1075. A substantial amount of funds are now available for housing loans, Johnson said. During the first half of the fiscal year the agency made 2(>80 loans to buy. build, and rehabilitate dwellings in North Carolina. The amount loaned was S45.5 million, leaving S51.5 million available for the remainder of the fiscal ycai. According to Johnson, housing loans may be made to eligible families of low and moderate income who desire to live in open country and towns or villages up to 10,000 population. To be eligible, a family must be unable to secure the necessary credit from other sources. loans are lepayable up to 33 years and the current interest rate is 84M. Families with low incomes may qualify foi a lower interest rate depending upon family income and the family composition. An applicant with income too low to qualify on his own account may still obtain a loan if he can provide a suitable co - signer. Funds arc also available at low interest rates to assist owner occupants in lural areas who do not qualify for regulai home ownership loans to repair oi improve their dwelling in order to make them safe and sanitary and remove health hazards from themselves ot ihe community. Persons interested in obtaining loans oi in constructing homes for sale through the agency should contact the county office. BY JIM DEAN How is the bass fishing in your favorite lake'' Is it improving, staying about the same, or getting worse? Are. the bass running larger, or smaller'' Is the lake being over ? fished, or could it stand more pressure? The answers to these and many other questions would be of great interest to North Carolina's bass fishermen. They would also be of considerable interest to the fisheries biologists who manage and regulate bass fishing in the state. "We hope to have some of those answers before long," said Don Baker, chief of the Division of Inland Fisheries for the N.C. Wildlife Resources Commission. "One of the problems we've had in the past is not knowing enough about the current condition of various bass fisheries across the state. Without up ? to - date answers to many questions, it's very difficult to work out management programs and regulations to improve fishing." What Baker is talking about is a new program that is being proposed by the Wildlife Commission 10 increase the amount of up ? to - date information about the status of bass populations across the state. "We're asking for help from bass fishermen throughout the state." said Baker. Already, a copy of the proposal has been sent to bass fishermen and clubs across the state, asking for suggestions and help. Larry Birchfield. one of the Fish Division's biologists, has been named project leader of what will be called "The Largemouth Bass Catch Survey." "We're interested in learning as much as possible about North Carolina's bass populations," said Birchfield. "What we're trying to do is work out a cooperative program with bass fishermen and bass clubs across the state to help us collect information so that we can get an accurate measure of the harvest rates of bass from all types of fishing, including tournament fishing. The information we get will be used to provide better bass management." Birchfield is enthusiastic about the response from fishermen and bass clubs. "We've already gotten a lot of letters offering to help us with this survey." lie said. "The bass fishermen are excited about being able to help us. and we're excited about being able to help thenl." Pending approval and suggestions from bass fishermen and clubs, the project is proposed to work something like this. Interested anglers and clubs will be furnished fishing log sheets and instructions. Those who want to participate will be asked to maintain an accurate monthly log of all bass fishing. At the end of each year, a summary of the information provided by cooperating fishermen will be prepared, and a copy sent to each participant. "Of course, these logs must be absolutely accurate." said Birchficld. "We need 10 know not only the results of successful trips, but also unsuccessful trips." The kind of information requested on the "logs" would include, among other things, such items as I) - body of water fished: 21 total hours fished: 51 total number of bass caught: 4) number of suhlcgal bass caught and released: and 51 number and weight of legal bass caught and either kept or released. "We hope to get this survey going this spring or summer." said Birch field. "This is not a one ? shot deal. It will be a continuing program so thai we can compare information front year to year and detect possible trends." Those anglets interested in taking part should work through their local bass clubs if they belong to one. If they are not members of a bass club, they can help individually. A lettei to the Division of Inland Fisheries. N.C. Wildlife Resources Commission. 525 N Salisbury Street. Raleigh. N.C. 27MI will put your name or the name of your club on file for future cortespondence concerning the hass survey. "We believe that this survey will he ol tremendous importance to the future of North Carolina's bass fishery." sard Baker. "Our objective is to improve fishing. Because of the recent increase in interest in bass fishing, we need to know more about the resource to be able to manage it properly. "It makes t>o difference to us whether the fish is harvested with a cane pole or a flyrod. or whether he strikes while the angler sleeps on the bank or while he's fishing in a tournament, so long as the fishing is legal." said Baker DOG ORDINANCE BECAME EFFECTIVE Jan. 1st, 1975 All owners of dogs residing in the City of Raeford m ust obtain city dog tags prior to Feb. 15,1975 TAGS AVAILABLE AT THE CITY OF RAEFORD TAX OFFICE FOR *2.50 The city leash law provides all dogs within the city must have city dog tags by Feb. 15 or they are subject to be impounded.
The News-Journal (Raeford, N.C.)
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Jan. 30, 1975, edition 1
12
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