Practically every mill in Concord and Kannapolis has held, during the past week, stockholders and directors meetings at which time the dividends were voted and officers and directors elected for the coming year. More than the usual number of changes in personnel occurred in the various boards of the mills.
The year has been a very unfavorable for most of the mills, the first six months being the worst. During that time, practically every mill in the state lost money and even those that did not lose money, say the mill men, ran on such a close margin as to make the profits practically negligible. The last six months were much better with the result that many of the mills declared a small dividend, ranging from 5 to 10 per cent.
Prospects for the coming year are brighter, though most conservative mill officials are not too optimistic. Some state they believe there will be much better times ahead. Others are of the opinion that there are little prospects for a better year, though they are hoping that the present conditions will not continue.
The only mills in Concord which have not had their annual meetings are the Locke and the Renfrew. Both of these will meet early during the next week. The results of the other meetings is given below. An effort was made to get a complete list of the officers and boards of directors but in several cases, this was impossible to obtain.
Officers and directors are as follows:
Cannon: Charles A. Cannon, President; A.L. Brown, Vice President; G.B. Lewis, Treasurer; T.T. Smith, Secretary. Directors: Mrs. J.W. Cannon, H.I. Woodhouse, J.J. Barnhardt, A.L. Brown and W.J. Swink. W.J. Swink was elected to take J.W. Cannon’s place.
Cabarrus: M.L. Cannon, President; C.A. Cannon, Vice President; and E. Sauvain, Secretary and Treasurer. All directors of the mill were re-elected except that J.J. Barnhardt was chosen to succeed H.I. Woodhouse.
Franklin: Mrs. J.W. Cannon, President; C.A. Cannon, Vice President; Gray Bost, Secretary and Treasurer. C.A. Cannon was elected to take the place of E.T. Cannon and all directors of the mill were re-elected except E.T. Cannon, J. Ross Cannon taking his place.
Brown: C.W. Johnson, President; F.J. Haywood, Secretary and Treasurer; R.H. Johnson, Vice-President. Directors: R.H. Johnson of Charlotte, F.J Haywood, W.W. Flowe, W.A. Watson of Charlotte, J.F. Goodman, R.H. Johnston of Charlotte and R.A. Dunn of Charlotte.
Norcott: C.W. Johnston, President; R.H. Johnston, Vice-President; F.J. Haywood, Secretary and Treasurer. Directors: C.W. Johnston of Charlotte, F.J. Haywood, R.H. Johnston of Charlotte, W.W. Flowe, D.C. Johnston of Charlotte, J.A. Cannon and C.B. Wagoner.
Imperial, Edenton, Ga.: M.L. Cannon, President; C.A. Cannon, Vice-President; and E. Sauvain, Secretary and Treasurer. C.A. Cannon was elected to take the place of J.W. Cannon. The directors were not available.
Gibson: A.W. Howard, President and Treasurer; Chas. A. Cannon, Vice President and Secretary. Directors: E.C. Barnhardt Sr., E.C. Barnhardt Jr.; C.W. Swink, W.J. Swink, China Grove; Charles E. Barnhardt, Charlotte, J.J. Barnhardt, W.W. Flowe, Charles A. Cannon, A.R. Howard. J.J. Barnhardt was elected to take Joe F. Cannon’s place on the board of directors.
Hobarton: A.R. Howard, President; Charles A. Cannon, Vice President and Treasurer; George C. Fisher, Secretary. Directors: Charles A. Cannon, A.R. Hoover, W.W. Flowe, W.B. Bruton, E.C. Barnhardt, Charles B. Wagoner, A.R. Howard.
Hoover: A.R. Howard, President; Maury Richmond, Vice President; A.R. Hoover, Secretary and Treasurer. Directors: F.J. Haywood, C.W. Swink, A.R. Howard, Maury Richmond, C.W. Gaddy, Albemarle, A.R. Hoover.
Kerr Bleachery—D.B. Coltrane, President; W.C. Houston, Vice President; W.R. Odell, Treasurer; A.G. Odell, Secretary. Directors: D.B. Coltrane, W.C. Houston, W.R. Odell, A.G. Odell, F.C. Odell, Greensboro.
From page 6 of the Concord Times, Monday, January 19, 1925
newspapers.digitalnc.org/lccn/sn91068271/1925-01-26/ed-1/seq-6/#words=January+19%2C%27+1925
No comments:
Post a Comment