UNITED STATES 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 Instruction 1(b).
1. Name and Address of Reporting Person
Bray, Doris R.
Schell Bray Aycock Abel & Livingston 230 N. Elm Street, Suite 1500
Greensboro, NC USA 27401
2. Issuer Name and Ticker or Trading Symbol
CONE MILLS CORPORATION COE
3. IRS Identification Number of Reporting Person, if an entity (voluntary)
4. Statement for Month/Year
05/31/99
5. If Amendment, Date of Original (Month/Day/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
(x) Director ( ) 10% Owner ( ) Officer (give title below)
( ) Other (specify below)
7. Individual or Joint/Group Filing (Check applicable line)
(x) Form Filed by One Reporting Person
( ) Form Filed by More than One Reporting Person
<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 | | | | | | |17000 |D | |
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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 |12.875 | | | | | |5/17/|5/10/|Common Stock|1000 | |1000 |D | |
| | | | | | |94 |01 | | | | | | |
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1994 Stk. Opt. Plan |11.625 | | | | | |5/16/|5/15/|Common Stock|1000 | |1000 |D | |
| | | | | | |95 |02 | | | | | | |
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1994 Stk. Opt. Plan |12.000 | | | | | |5/21/|5/20/|Common Stock|1000 | |1000 |D | |
| | | | | | |96 |03 | | | | | | |
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1994 Stk. Opt. Plan |7.750 | | | | | |5/20/|5/19/|Common Stock|1000 | |1000 |D | |
| | | | | | |97 |04 | | | | | | |
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1994 Stk. Opt. Plan |9.4375 | | | | | |5/19/|5/18/|Common Stock|1000 | |1000 |D | |
| | | | | | |98 |05 | | | | | | |
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1994 Stk. Opt. Plan |6.375 |5/18/|A |V|1000 | |5/18/|5/17/|Common Stock|1000 | |1000 |D | |
| |99 | | | | |99 |06 | | | | | | |
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</TABLE>
Doris R. Bray
SIGNATURE OF REPORTING PERSON
/Signature/
Doris R. Bray
DATE
6/3/99
