14 A
FRIDAY. MAY 25, 1962
MEDFORD MAIL TRIBUNE. MEDFORD, OREGON
feseft ol Open
End Investment
Firms Increase 1
jjunstl wean? a smnmlle aumctl a jaimtoeim
o o 6
New York - IUPII - Total net
assets of open end invest'
ment companies have grown
by nearly 50 times over
22-year span to nearly $22.8
billion at the start of 1962, a
newly issued summary of
their performance shows.
A statistical summary of
the funds over the period
1940-1962 was published by
the Investment Company In
stitute, one of whose princi
pal activities is collecting
such information.
Study Shows Growth
Published at a time when
some sales practices and fee
systems of the mutual fund
industry are under investiga
tion by the Securities and Ex
change Commission, the study
shows the steady growth, par
ticularly in the post-war pe
riod, the ICI noted, of the
acceptance of mutual fund
Shares in present-day finan
cial planning."
Shareholder accounts have
grown from 296,056 in 1940,
with 68 companies listed, to
5,319,201 with 170 companies
in 1961, the study reported.
Figures for the shareholder
accounts represented combin
ed totals for member com
panies, and duplications were
not eliminated.
Assets of the 68 companies
were $47,959,000 in 1940, and
those of the 170 companies on
which the report was made
for 1961 activities were $22,
788.812,000. Pari of Story
The research department of
the institute said the facts
about mutual funds are only
a part of a larger, and more
important story.
"Public ownership of
equity securities of U. S. cor
porations, for example, is now
estimated to be valued at
more than $450 billions," it
said. "This small segment is,
however, a representative
one. More than 3,500 securi
ties - bonds, preferred and
common stocks-of more than
2,000 corporations are in
cluded in mutual fund portfolios."
Train Derailed
In Washington
Scdro Woolley - IUPII - Nine
cars of a 50-car southbound
Northern Pacific freight train
Jumped the tracks Thursday
six miles north of here.
No serious Injuries were
reported, although the train's
six crewmembers were jostled
about by the derailment.
About four and one-half
miles of track were torn up
when the last nine cars of the
train skidded along crosstics
of the trackbed.
Skagit County Undersheriff
John Boynlon estimated the
cars lifl the tracks two miles
south of a wooden bridge over
a nearby county road.
Boynlon said the bridge
was badly splintered as the
damaged cars passed over it
with the left wheels riding on
the bridge railing and the
right wheels riding on the
crossties.
One of the derailed cars
came to rest in a 50-foot ra
vine, a tanker car lay across
the tracks and most of the
cars were torn from their
wheels.
Northern Pacific officials
refused to comment on the
mishap.
Bus Employees
Ratify Contract
San Francisco -HOT- Drivers
and station employees in 11
Western States have ratified
a two-year contract between
the Amalgamated Motor
Coach Employees Union and
Western Greyhound Lines.
Vernon Turner, the union's
assistant business agent, an
nounced Thursday that 65 per
cent of the 5.000 members ap
proved the contract reached
in negotiations that ended
April 24.
The contract, retroactive to
March 1, provides hourly
wage increases of 14 cents
during the two-year period,
plus improved holiday, sick
leave and health and welfare
benefits.
Russians To Tour
Bonneville Dam
The Dalles, Ore. - IUPH
Twelve Russian hydroelectric
power experts are expected
to tour The Dalles and Bonne
ville dams on the Columbia
river today.
The Soviets stayed here
Thursday after touring the
Priest Rapids and John Day
Dams. They are on a nation
wide tour sponsored by the
U.S. Department of the In
terior in return for a similar
visit American officials made
to Russia.
Also on the Russians' agen
da today are the Mcrwin. Yale
and Swift dams on the Lewis
river in Southwestern Vash-ingotn.
AT MANN'S
JANTZEN IS A
FAMILY AFFAIR !
FOR WOMEN. . .
ISecond Floor)
A. Jantzen's "Check-Up" bikini of giant
gingham cotton. Fully lined . . . adiust
able back buttons and straps. 1 0-14.
I0.9S.
B. Jantzen's new 2-way powerner controls
with foundation strength. "Curve-Ease"
floral sheath dips low in back. 10-18.
19.95.
C- Stripes are sensationally slimming , , ,
when Jantzen uses them on this swim
suit. Molded French bra cups. 10-18,
19 95.
D. Knitted to perfection , . curvacious
sheath. Neckline dips low, flattering
backline. French bra cups. 10-18, 12.95.
INFORMAL MODELING OF
SWIMSUITS BY THE HIGH
SCHOOL FASHION BOARD
SATURDAY, MAY 26th
ll:00-4:00-2nd floor
FOR GIRLS. .
(Second Floor)
E. Jantzen's "Summer Frosting", A sheath
of cotton matlaise frosted over with
delicate circle pattern. 7-14, 6.98.
F. "Princess Rose" sheath ... the waffle
knit fabric is softly tucked at the bra
line. Adjustable straps. 7-14, 6.98.
Fashion splash at camp . . . Jantzen's
"Camper". Designed for lots of active
swimming. Contour sUv-put straps. 714,
5.98.
H. Jantzen's "Fun Raiser" sheath. Match
this one with all the family. Body-hugging
crinkle elastic back. Lined boned bra.
Preteen 8-16, 7.98.
FOR MEN & BOYS . .
(Men's -1st Floor, Boy's- Lower Floor)
"Midwestern" color-happy swim trunk
like Dad's. Each panel a different hue.
Four colors per trunk. 8-20, 3 98.
J. Loads of color! Four hot colors make uo
Jantzen's "Midwestern" for men. Gives
a slim, trim, square-with-the-world sum
mer look. 3038, 5 95.
K. Jantzen's color-coordinated "Harpoon"
swim trunks with Hawaiian length leg.
Full inside support. 8-20, 4 .98.
L. Action-cut, longer Hawaiian leg. trim,
neat ... all describe the "Harpoon' by
Jantzen. Waistband came-, Norwegian
inspired design. 2838, 5.95.
215 EMAIN - 14 N. CENTRAL
PHONE 773-7484
' ,
T' '
0 ;M I. w. IX I V -V J, ..Zri
O
o