Business: Raise for Textiles

Among Southern textilemen President Charles A. Cannon of North Carolina's Cannon Mills Co., the nation's third largest textile company (towels and sheets), has long had the reputation for going it alone both as a businessman and as an employer. Last week Cannon added to his reputation. He raised the minimum wage at Cannon Mills (effective Feb. 13) to $1.25 an hour, up from the company's present starting pay of $1.12. Those of his 24,000 employees now earning above the old minimum get 10¢ an hour more. Scores of mills ranging from West Point (Ga.) Manufacturing Co. to Avondale Mills in Alabama...

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