Word: wellington
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...WELLINGTON...
...unrestricted common stock funds such as M.I.T., which like to keep a balance between dividend and growth stocks. ¶ The growth funds, which are concerned not with dividends but with long-term capital gains (M.I.T.'s own growth fund). ¶ The balanced funds (Philadelphia's Wellington Fund), which keep their money in both stocks and bonds and shift the balance as the market changes. ¶ The income funds, liked by elderly or retired investors, which concentrate on high-yielding stocks (Manhattan's National Securities...
...Quixote to explain his investment philosophy (" 'Tis the part of a wise man not to venture all his eggs in one basket"), but he keeps all his sales eggs in one basket by having I.D.S. sell all five funds itself, a practice unique among investment companies. ¶ The Wellington Fund, of Philadelphia, is a balanced fund with assets of $925 million and 275,000 stockholders. Launched in 1929, it is still run by President Walter Morgan, one of the founders, also has a second fund (Wellington Equity Fund), with assets of $41 million. Wellington topped all the funds...
Volunteers. In Wellington, New Zealand, three junior members of the Tala Flat Volunteer Fire Brigade grew bored by the lack of fires, set one of their own for excitement, were fined $14 each by the brigade...
...addition, Sullivan remarked that the two buildings offered by Cambridge--the Wellington and Kelley schools--are both within five minutes' walk from the nearest MTA station. Since most of the students at the junior college will come from "economically underprivileged groups," he explained, availability of public transportation will be an important factor in choosing a site...