U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
[ ] Check box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue. See Instructions 1(b).
1. Name and Address of Reporting Person
Trogdon, Dewey L.
3101 N. Elm St.
Greensboro, NC USA 27415-6540
2. Issuer Name and Ticker or Trading Symbol
CONE MILLS CORPORATION COE
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Statement for Month/Year
10/31/98
If Amendment, Date of Original (Month/Year)
Relationship of Reporting Person to Issuer (Check all applicable)
(x) Director ( ) 10% Owner ( ) Officer (give title below)
( ) Other (specify below)
<TABLE>
<CAPTION>
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Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned |
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1. Title of Security |2. |3. |4.Securities Acquired (A) |5.Amount of |6.Dir |7.Nature of Indirect |
| Transaction | or Disposed of (D) | Securities |ect | Beneficial Ownership |
| | | | Beneficially |(D)or | |
| | | | | A/| | Owned at |Indir | |
| Date |Code|V| Amount | D | Price | End of Year |ect(I)| |
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<S> <C> <C> <C><C> <C> <C> <C> <C> <C>
Common Stock |10/22/|G |V|4950 |D |N/A |357300 |D | |
|98 | | | | | | | | |
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Common Stock | | | | | | |125000 |I |by Spouse |
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<CAPTION>
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Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned |
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1.Title of Derivative |2.Con- |3. |4. |5.Number of De |6.Date Exer|7.Title and Amount |8.Price|9.Number |10.|11.Nature of|
Security |version |Transaction | rivative Secu |cisable and| of Underlying |of Deri|of Deriva |Dir|Indirect |
|or Exer | | | rities Acqui |Expiration | Securities |vative |tive |ect|Beneficial |
|cise | | | red(A) or Dis |Date(Month/| |Secu |Securities |(D)|Ownership |
|Price of| | | posed of(D) |Day/Year) | |rity |Benefi |or | |
|Deriva- | | | |Date |Expir| | |ficially |Ind| |
|tive | | | | A/|Exer-|ation| Title and Number | |Owned at |ire| |
|Secu- | | | | | D |cisa-|Date | of Shares | |End of |ct | |
|rity |Date |Code|V| Amount | |ble | | | |Year |(I)| |
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<S> <C> <C> <C> <C><C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1994 Stk. Opt. Plan | | | | | | |05/17|05/10|Common Stock|1000 | |1000 |D | |
| | | | | | |/94 |/01 | | | | | | |
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1994 Stk. Opt. Plan | | | | | | |05/16|05/15|Common Stock|1000 | |1000 |D | |
| | | | | | |/95 |/02 | | | | | | |
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1994 Stk. Opt. Plan | | | | | | |05/21|05/20|Common Stock|1000 | |1000 |D | |
| | | | | | |/96 |/03 | | | | | | |
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1994 Stk. Opt. Plan | | | | | | |05/20|05/19|Common Stock|1000 | |1000 |D | |
| | | | | | |/97 |/04 | | | | | | |
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1994 Stk. Opt. Plan | | | | | | |05/19|05/18|Common Stock|1000 | |1000 |D | |
| | | | | | |/98 |/05 | | | | | | |
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</TABLE>
DEWEY L. TROGDON
SIGNATURE OF REPORTING PERSON
/Signature/
Dewey L. Trogdon
DATE
11/05/98
