Oil stocks and tax reform eyed for 1985 opportunities
Carbondale investment analysts weigh oil industry turmoil, non taxable municipals, and potential tax reform for 1985. Burley notes reform uncertainty and tax advantaged investments. Hancock highlights oil industry reorganizations and nameplates like Amerada Hess and Sun. Parrish spotlights zero interest AAA municipals with 9.55 percent tax free yield. Purcell flags Texaco at a deep discount with strong reserves. Ufferman backs United Technologies and Santa Fe Southern Pacific for long term gains amid merger expectations.
MENTIONED IN THIS ARTICLE
Tony Stevens
Southern
Mobil
Amoco
Exxon
Amerada Hess
Sun
Parrish
Purcell
Texaco
Ufferman
United Technologies
Pratt and Whitney
Santa Fe-Southern Pacific Railroad
Texas Eastern reports 1985 Q1 net income of 44.8 million
Houston based Texas Eastern said its first quarter 1985 net income totaled 44.8 million or 83 cents a share on 52,329,276 shares outstanding after the June 1 1984 two for one split. Net earnings benefited from North Sea crude production and richer liquids gas returns.
MENTIONED IN THIS ARTICLE
Texas Eastern
Sparta Agencies Merge to Form Hood Eagle Insurance
Sparta based Hood Insurance Mart and American Eagle Insurance Agency merge. Owner Jack Hood calls the move productive for customers and service. American Eagle will keep its Sparta address at 107 N Market St until early summer, then lease space at Eagle Bank in Randolph County, 143 45 W Broadway.
MENTIONED IN THIS ARTICLE
Sparta
American Eagle
American Eagle Insurance Agency
N. Market St
Eagle Bank
Randolph County
W. Broadway
IRMA names Vite president and Olson executive VP
David F. Vite has been named president and B Tucker Olson executive vice president of the Illinois Retail Merchants Association. They assume their posts after Hugh E. Muncy retires, elected at the April 10, 1985 annual meeting in Chicago. Vite joined IRMA over seven years ago, serving as field representative and then manager of government affairs before becoming executive vice president in 1983.
MENTIONED IN THIS ARTICLE
David F. Vite
B. Tucker Olson
Illinois Retail Merchants Association
IRMA
Hugh E. Muncy
Chicago
Vite
Also Mentioned on This Page
The
Center For Financial and Tax Planning, Inc
Main Street
Main Street Advertising
W. Main St
Carbondale
Bass Enterprises, Inc
Southern Illinoisan
Alicia Schmitt
Bert A. Bass
Sharri L. Sherman
Steve Wiet
Mari J. Schultz
Dee Ann McCarty
Burley
Senate Finance Committee
House
Ways and Means Committee
Hancock
Atlantic Richfield
First Federal
First Federal Savings and Loan
Federal Savings and Loan Insurance Corp
Murphysboro
Steeleville
MidAmerica BancSystem, Inc
Benjamin J. Ahring
Transchemical Corp
Charles L. Daily
MidAmerica BancSystem, In
Marvin W. Goldenhersh
David J. Roth
Ng Tele
Radio Shack
Tandy Corporation
David Vite
Clea
U.S. Gov't
Ginnie Mae
Turner & Selihorn, Inc
U.S. Govert
Securities Dept. K
Poplar, Suite
Memphis, TN
GTE
Qualiatis
Mardale
Marion
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