Word: mutuals
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Dates: during 1960-1969
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...Mutual Contempt. For all the Red Chinese harassment, Premier Kosygin promised last week that Russia would "not be the first" to sever diplomatic relations. "It all depends on the other side," he added. Instead, the Russians impugned China's worth as a true Communist nation by spelling out for the first time China's activities in blocking the flow of Soviet arms to Viet Nam. "Abusing the geographical situation," charged Izvestia, "Mao Tse-tung and his group use every means to try to break transportation lines between the U.S.S.R. and North Viet...
Navy and Harvard, both once defeated, must contend for the title on a comparative point basis against mutual opponents. Navy had defeated Williams 6-3, and so the Crimson win yesterday gave Harvard a significant push forward...
Both Harvard and Navy stand at 7-1 for the season, and if the two teams complete the season with identical records, the national championship will be determined by comparative scores against mutual opponents. Right now the comparative scores are almost even, but Navy's 8-1 trouncing of Princeton at Annapolis gives the Middies a slight edge...
Fast Rise. Even in the vast and fast-growing mutual-fund business, the swaps have had a remarkable rise. The first was organized less than seven years ago by Denver Banker William M.B. Berger, 41, who had the bright-and right-idea that Section 351 (a), which had been drawn to allow the tax-free transfers of property to a new corporation in exchange for stock, could also apply to individual stockholders. His Centennial Fund drew 191 investors, who pooled securities worth $25,800,000. Berger's idea has been widely copied. Boston's Vance, Sanders & Co. operates...
...Ticket. While depositors now in swaps will continue to enjoy their benefits, no newcomers can be admitted after April 30. The newly forming funds, as a result, are being swamped. "We're doing a really big business now," says Roger S. McCollester, national manager of mutual-fund sales for Dean Witter & Co., "because investors feel this is the last train out of the station...