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CASE OF THE COUNTERFEIT SANTA-Pictured are some members of the cast of “Case of
the Counterfeit Santa’’ presented by Grover School students.
Tultex Has Record Sales
Tultex Corporation, a
leading producer of fleeced
knit activewear and leisure
apparel, today reported
record sales and profit for the
fourth quarter and fiscal year
ended November 27, 1987.
. Sales and earning for the
fourth period were the
highest of any quarterly
period in the company’s
50-year history. In this
quarter, net sales increased
10.1 percent to $126,886,000
over $115,249,000 the previous
year and net income advane-
ed 53.8 percent to $13,327,000
or 48 cents per share from
$8,608,000 or 31 cents share.
For the fiscal year, sales
rose 6.9 percent in 1987 to
$348,692,000 from $326,075,000
, and income gained 19.3 per-
cent to $28,805,000 or $1.05 per
share from $24,140,000 or 88
cents per share in 1986.
Book value per share at the
end of fiscal 1987 was up 20
percent to $4.62 over $3.85 at
year-end 1986. The annualiz-
ed dividend is now 36 cents
Brown Lung
Assistance
Offered
North Carolina attorneys
Paul J. Michaels, John Alan
Jones and Greg Martin have
helped more than a thousand
victims of brown lung disease
receive Workers’ Compensa-
tion and other benefits since
1975.
Symptoms of brown lung
include coughing, difficult
breathing and a tight chest.
Their law firm has set up a
toll free telephone number for
free consultations:
1-800-662-1234
per share compared with a 24
cents rate at the close of
fiscal 1986.
Tultex operates a local
outlet at Kings Mountain
Plaza.
Jeff Caplenor Named
VP At Local Plant
Jeff Caplenor of Bowling
Green has been named Vice
President of Manufacturing
at Kings Mountain's Fruit of
the Loom plant as well
responsibility for the com-
pany’s operations at Brun-
didge, Alabama and Trois
Rivieres Quebec, Canada.
He and his wife, Suzanne
Suttle Caplenor, and their
children, Amy and Molly will
continue to reside in Bowling
Green.
Caplenor, a graduate of
Tennessee Tech University,
has been with Fruit of the
Loom, Ine. since 1968 and has
most recently been Director
of Manufacturing and prior to
that was Assistant Plan
Manager at the Brundidge
plant.
The announcement of his
promotion was made by John
B. Holland, Chief Executive
Officer, of Fruit of the Loom,
a holding company for Union
Underwear, the world’s
largest manufacturer of
family underwear and
hosiery. The company has 25
American facilities, 20,000
employees and is expected to
exceed one billion dollars in
sales in 1988.
Fruit of the Loom operates
a local plant on York Road.
Telphone Bill Reduetions
Approved By Commission
Kings Mountain telephone
customers will see a reduc-
tion in their January bills.
District Manager Curtis
Hedgecock said residential
customers on the Kings
Mountain exchange will
receive a $1.16 monthly
reduction and one time re-
fund of $6.20 while business
users will receive a $3.15
monthly reduction and one
time refund of $16.84.
In Grover, the reduction for
residential customers is $1.07
monthly and $2.93 for
business customers and one
time refund for business
customers of $15.61.
The North Carolina
Utilities Commission this
week approved Southern
MARTINIZING
507 E. King Street
MONDAY .. TUESDAY
LOW
~ TROUSERS OR SWEATERS
} OR LIGHT JACKETS
MIX OR MATCH
| 2 2-PC. SUITS OR
2 REG. DRESSES
DRY CLEANED
2 3-PC. SUITS
«2.49
. 70¢ Ea.
5 SHIRTS
BLUE JEANS STARCHED
MUST BE PICKED UP SAME WEEK
in Jakesonville,
Bell’s proposed nine percent
reduction in basic local ser-
vice rates for its customers
as a result of savings from
the Tax Reform Act of 1986.
The order will reduce
residential customers’ mop-
thly loeal rates from 99 cents
to $1.24, depending on the
number of subscribers in
their exchange. Single-line
business rates for local ser-
vice will be reduced by $2.73
to $3.41 per month.
Southern Bell also will
make a one-time refund to
customers that reflects tax
savings during 1987. Residen-
tial customers will receive a
one-time credit ranging from
$5.28 to $6.64 in their January
telephone bills. Single-line
business customers will
receive a one-time credit
ranging from $14.52 to $18.26.
The one-time credit
amounts to around $14
million. The reduction in
local monthly service will
amount to $28.4 million in
1988.
Winn Dixie
Declares
Dividend
The Board of Directors of
Winn-Dixie Stores, Inc. today
declared a regular monthly
. dividend of 15% cents per
| share on the Common Stock
| of Winn-Dixie: Stores, Inc.,
payable on January 29;
| Fe
ruary 29, and March 31,
1988,
business January 15,
February 15, and March 15,
1988. The dividend rate of
| $1.86 per year effective in Ju-
ly 1987, represents a 3.3 per-
cent increase over the
previous year.
Winn-Dixie, headquartered
Florida
oeprates 1,257 supermarkets
throughout the Sunbelt. Ap-
proximatley 50 percent of the
company’s full-time
associates are shareholders.
Winn-Dixie is the Sunbelt’s
largest food retailer.
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Wednesday, January 13, 1988-KINGS MOUNTAIN HERALD-Page 5B
South Carolina Men Charged With BE&L
Kings Mountain Police ar-
rested three South Carolina
men last Wednesday morning
in connection with a break-in
at Depot Stop and Ge on N.
Piedmont Avenue Jan. 5th.
The break-in was the se-
discovered just after mid-
night. Someone had pried
open the store’s back door,
knocked down the game room
door and ransacked the of-
fice. A number of items were
stolen.
reported Friday morning. So-
meone broke out a 20 inch
hole in the store’s back wall
and broke through two in-
terior doors and took coins, a
gun, a video cassette
recorder, knives and cigaret-
cond at the store:in five days. The first break-in was tes. ;
Barry Keith Runyans, 23,
of Clinton, S.C. was: arrested
on a charge of breaking and
entering and larceny and of
resisting arrest and two
counts of assault on an of-
ficer. His bend was $5,000
secured.
Michael Levi Beck, 16, and
George John Byrd, 26, both of
Clinton, S.C., were each
charged with one count of
breaking and entering and
larceny. Each had a $5,000
secured bond.
According to police
reports, the break-in was
HEATING OIL
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Kings Mountain — Shelby
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~ 8.409
NITH
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FIRST FEDERAL
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KINGS MOUNTAIN OFFICE
300 West Mountain Street—Phone (704) 739-4781
GASTONIA OFFICE
529 South New Hope Road—Phone (704) 865-1111
Highest current one year interest rate plan available under KEYSAVER Rate‘is sub-
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1:6,13