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Show Page 8 January, 1966 UTAH FARM BUREAU NEWS Rep. Fogarty Of Rhode Island Dies Representative John Fogarty (D.) of Rhode Island collapsed and died in his office on Capitol Hill on January 10, the day the 90th Congress convened in Washington. John Rogharr, Intermountain Farmers Manager, Elmo Hamilton, president and A. V. Smoot, former president, examine Farm Bureau's most popular tire, the Unico Mark IV. FB Mutual Fund Assets In Year Increase By 221 FB The Farm Bureau Mutual Funds total net assets increased 221 percent in calendar year 1966, according to a year end report made by the Farm Bureau Service Company to a securities serv- REPRESENTATIVE FOGARTY ice. the Farm Of NEW INSURANCE STAFFERS: Vern Sisam, Accountant; K. C. Christensen, Casualty Underwriting Manager, and John C. Quigley, Policy Service Manager and Mortgage Loan Officer. All three are natives of the region and now live in Salt Lake City. The Rhode Island Congress-- " MR. FOGARTY, 53, had served in the House of Represent- - man was bom on a farm and atives since 1941. He was chair- - continued his interest in agricul-ma- n of the House Appropria- - ture throughout his life. Hewas tions Subcommittee on labor and a consistent supporter of Farm health, education, and welfare Bureaus recommendations for and was widely known for his government farm programs. AMERICAN agriculture has advocacy of federal health lost a true friend, AFBF President Charles B. Shuman said. Bureau Mutual Funds $5.3 million, 97.5 percent was invested in common stocks at year end. The balance of assets, 2.5 percent, was held in cash and government securities. THE FUNDS policy is to investment decisions approach with the essentially long-terpoint of view of the careful investor. Emphasis is placed upon the long-tergrowth of capital and, although reasonable consideration is given to seeking current income, no special emphasis is given to this factor, the prospectus states. m "M m THEBES estate The year end report indicated this policy is being maintained. The report disclosed that an investment in the Fund returned an annual income dividend yield to investors at December 31, 1966, of 2.01 percent. In commenting on the yield figures, Charles B. Shuman, president of the American Farm Bureau Federation and the FBMF. said, We feel this is a reasonable return on investment in the light of the growth potential of the portfolio and the investment policy of the Fund. He added, this is a fund for Farm Bureau members only, and for members using this service it is a possible hedge against inflation. During the calendar year, the net asset value per share reached a high of $1 1.53. A low of $8.66 was reported. It was disclosed in the report that the net asset value 8.8 perper fund share declined cent. During the same period, the Industrial average deDow-Jonclined 18.9 percent. CREATOR BESDNEB with me IN MB "That great Estate Creator policy that lets a man have a little money, has been expanded to cover people lot of protection for me who dont need quite so can combine some permanent like much protection and want to build cash values. insurance with decreasing term in a plan designed just for me. You can, too. I es your agent today. Food Cones' First For Yonthpower Food Lowest On Price List Food prices have increased less an most categories in the con-un- er price index. Retail food rices have increased only 25 On the ether hand nee 1947-4- 9. jusing is up 39, transportation up 57 and medical care 78. ot a single category increased i much as wages - a whooping i yo. o 7 COUNTRY MUTUAL. S29 EAST 4 1 H SOUTH SAIT LAKE CITY, very UTAH'84102 L.. I f PHONE i j 4 5 0 9 See |