Historical Newspapers of South Carolina

Below is the OCR text representation for this newspapers page. It is also available as plain text as well as XML.

~\sY>>/V , v>! ' <;';V rr TV7" 9 ^ vV S _ _ r f* '/ \&v> ! \ \ \ V ,? BonaId D. Sclaler, (center), ne Craw-Hi!! Publication, is gre< 'left). \V. C,. (Bill) Ashemore. s.'ory on the Bailey Plant, ac< circulation of 25.000 plus cop After '67 Slump "" .-n i Vi i U ? u ^ i. A ^ ?/ W 7 The American textile in- c dustry "took some serious \ 'onus" litis year but shovM r make some recovery in ' the president ot the i nriustrv's central trade re en nidation predicted V/od'.vt U aV. In a year-end statement, \ yRoderick D. Dent president of the American Tex- c trie Manufacturers Institute and .head of Mayfair Mills r at Arcadia, S. C\, said: I1 "Today's textile industry s an exciting industry. Tf c we can just solve some of e <<".r problems like low-wage imports, the shortage of t' ouality cotton and rising o costs, it will make a healthy t' recovery m "It will be particularly n helpful, both in fact and in n mdustry confidence, if tin* h < 'engross will take action n early in 10GR to impose e :.o?ne reasonable controls on he imports of man-made u fibers and of textiles and <> apparel made of man-made t1 fibers and wool. e "Given that kind of sup- o port, we could engage in d confident long-range plan- r un.g and look forward to s high and rising levels of production, employment and sales." Dent mentioned import control legislation alonrj the line of bills proposed by Son. Tamest F. Hollinps, F-S.C., and Fop. Wilbur Vills, D-Ala., as necessary to place "reasonable" restraints on imoorts. '"Iris vear, bo said, the in va . V \\ ^ jltf ' *'*" > i> /. v v ' " .. \ \ / i t '"""> " r^i -w ~y -*-*> jB_.iSL.iiiR other such factors ns an xpaud* >" nope.''at ion and hth personal income, plus he industry's development f spaee-a^e produces and lie efficiencies resulting rom its tremendous investment i'1 new equipment nd techniques, you simply ave to forecast son me imvovement in sales and arninqs," I'.v.t he cautioned . the ncortamty over the course f the cn-norny, the relnjonsbin between rising ns's .Med consumer snendv, ;> he fate of the in"stvy's drive for import estrainls wouh! ;d 1 ;?rf? ? t n'.es and profits in "7?)" \U/ u Ji. 4* r _ -J f' ' , \ ? 'fN M, i-y f '-??zjf/ "f f w'y namoc! publisher of Tox ?tcd or. bis arrival from No* Associate Koitor. author of a :ompnv."od the publisher. Tov ic-s monthly. P* ? ? / /"> /* s .r-. ? a* r t i.i ft i. / < .> It J a i? / arninys, snVs, production, vko!e:a!o oric employnenand fiber eonsump;fii! to;"*'her with increases u inventories uivl (.!>o cost ? ' raw materials and labor. "The industry took some ery serious lumps this 'ear," !u' said, but added: "nV\tiles will show some aims next year. Sales volant' could, match the 19G6 eeords, but profits will robably make a smaller ( every. When vou nut to. \ v^v ( v^Mvr "7 * n o V JL O ? vj - ,_3 's. * j - ? / ? ; r * wo-'J'db^r'r ? . i / / ^ /V'-^S 1 ' . ? V v.<-V.I .. .... -. ?. i i. .,?. tile V7or!cI magazine, a Mc.v ve *'c by Carl R. Rogers recen' engineering feature :'"!o World has a controlled Wo ve iLvery Might o ,e . rouci :(! you know that you are a member of a team icing fabric to clothe ) Americans and ether miliums throughout world? Ibd you know that our team produces fabrics that add to the comfort and beauty of every home in Jus country . . . and take their essential place in very car that travels our : \v ?i v s . von know that our :n< V.ry manufactures suiti n s f.-r the astronauts; n .'kos ktnnr survival shelters, parachutes and other tex'iln components for the space program? That we " educe more than 25,000 I'iffevon.t items to help win ho war in Viet Nam? 'lid you know that international trade treaties, proper or improper adminis'r.i 'on of laws and regulations can affect our very 'Ive'ihooc! . . . that we, as individuals, have the right to voice concern over ir i-<'S'">v.s:b.o or detrimental notions on the part of the in ?*. t w i In I'iiv'MII II*.? '.el's stand straight up and to1! nl! who will listen hat today's textile industry is progressive and dynamic . . . that we are vital the nation's economy... that wars can't be won without us . . . that we produce necessary civilian oroduets of finest ounlitv ; J a* bargain prices. LiV.ie w o ndcr we're ^ ** /y^ .v^ ,<> *?r- vV^'5 TV^v-v" V "? 7 A Cotton Situation The highly unstable don continues to take on perple> Small Last week the Departrr new estimate of total yields that showed still another rec is expecting 7,fi]8,000 bales o U. S. this year, which is said since 1805. Indicated per a< nounced bv 1'SDA rpnnrt -J ? - * 1902 that yields have droppe The 3'JOG crop yielded 1907 production have steadil; crop was estimated at 8,100 estimate was just under eig Sharp Pri< Further compounding t increases in prices, especiall staple lengths, as is eviden Snot Cotton Quotations vef 24, 1900, delivered at mills ] the same date this year: Memohis Territory '66 '67 California '66 '67 Of course, there are nun in the current critical cotton movement of the current cri as a result of late ginnings a inn declines in cnimn rrmcn the consumption of man-m; effect of poor weather during seasons last year and even 1(M!7 planting season; (4) j planted as a result of gover reduce surplus stocks of cot It will be recalled that tl of 11)65 was designed to liq period of four years but the tioned have led to substan goal in only two years. As can readily be seen, erables in the current cot passage of time will finally present, the situation is high that among many critical f? consumption and the size ant domestic crops will be key : situation will become more s i'cwTable Setting Fo r~? -?? 1 -?? 1 ' i'i \1 . , *&> ii;$r' <m$ . *??? >$? .. The beautifully decorated C the scene of many Christmf Shown above is the newly < AttaAttttittiiyittiii Highly Unstable nestic cotton supply situation cing dimensions. 1 Crop lent of Agriculture issued a expected from the 1967 crop luction. The Department now f cotton to be produced in the to be the smallest production ere yield of 452 pounds aned to be the first time since d less than one bale per acre. 9,562,000 bales. Estimates of y declined. On October 1, the ,000 bales. In November the ht million bales. :e Increase he problem is the dramatic y in the medium and longer ced by the following USDA 'looting prices on November located in the Carolinas, and Midd. 1-1/6" 25.75* per lb. 39.00* " " 33.30* " " " " 45.00* " " nerous other factors involved situation, including: (1) slow Dp into the channels of trade nd other factors; (2) continumption by U. S. mills while ucie tibers increases; (3) the I the planting and harvesting worse weather during the -eduction in cotton acreage nment programs designed to ton. te Food and Agricultural Act uidate surplus stocks over a various ffictors already mential accomplishment of this there are numerous impondton situation and only the reveal the outcome. For the ly unsettled and it is obvious actors, the level of domestic 1 quality of the 1967 and 1968 factors in determining if the table in the months ahead. r Community Houses ?- - "-V ' i' , I igljgf**' " ^ I ommunity Houses have been is parties during this month. :ompleted table cloth for the