THE DETROIT JEWISH NEWS
40—BUSINESS CARDS
TELEVISION
SERVICE
All work guaranteed
Licensed
Very Reasonable
Call HAROLD COHEN
968-7482
40—BUSINESS CARDS
JULIUS ROSS
MOVING CO., INC.
Custom work, household mov-
ing, offices, packing, piano and
appliances. Local and State of
Michigan.
SAM THE PAINTER
357-2674
ALL ROOF LEAKS STOPPED
Quality Work.
Interior - Exterior.
Wallpaper Removing.
Staining - Refinishing.
Free Estimates
NeW roofs. Seamless Gutters.
Siding. Vents. Flashings. Drip
Ledge. Valleys.
Guaranteed. Free Estimates.
Licensed.
CUSTOM KITCHEN CABINETS
Refinishing - Painting
Libraries and family rooms.
WALL PAPERING
WALL WASHING
642-0337
Antiquing, staining & varnishing.
Reasonable -= Free Estimates
References
967-1114
ADVANCE TRANSFER
Local and long distance'
moving. Charge by job,
not hour. Licensed and In-
sured.
528-2180
GUTTERS AND DOWNSPOUTS
New installation or repair
Flashing repairs
Free Estimates
MORREY
968-3949
Eves.
968-4472
MICHAEL GOLDENBERG
PAINTER
Exterior & Interior
Free Estimates
541-2128
HEATING
Installation & Service
A.R.S. SERVICE, CO., INC.
356-3191
Alan R. Sukenic,
Licensed Contractor
PAINTING
QUALITY WORK
REFERENCES
INTERIOR-EXTERIOR
Wood Staining
569-2407
ALLEN ZATKOFF
Custom painting and wallpaper.
Whisking and stucco. Over 16
yrs. experience. Call for Free Es-
timate. Insured.
356-0318
FURNACE SERVICE
SALES & INSTALLATION
_Custom duct work, electronic air
cleaners, power humidifiers,
energy saving flue dampers,
clock thermostats and air-
conditioning.
Licensed & Insured.
Fast reliable service.
GEM HEATING &
AIR-CONDITIONING
626-0222
EXPERT
MOVING & STORAGE, INC.
Owner operated.
Home, office, local, long dis-
tance.
Agent for Lyon Van Lines.
362-2350
FURNITURE REPAIR
& REFINISHING
Complete bedroom &
dining room sets
Chair re-glueing
Caning and Rushing
K. KENT
Free Estimates
474-8953
532-5168
(By Machine)
We clean dirt cheap
Special discounts to senior citizens.
Insured
WELLS
366-5322
BRAD CARTER
CARPENTER
Specializing in:
BASEMENT
REC ROOMS
352-0345
FINEST CUSTOM
PAINTING
Drywall and plaster repairs.
Wallpaper removal. Wall wash-
ing. Work myself at competitive
prices. For details call eves.
544-3118
PROFESSIONAL LOCKSMITH
RUBEN YASHINSKY
All type locks and service.
Home - Office - Commercial
548-4473
TOBIAS
Plastering - Stucco - Texturing.
Specializing in plaster & drywall
repairs, water damage.
Reputable and Licensed
937-8374,
422-3764
53—ENTERTAINMENT
VERSATILE sophisticated party
music. Call 893-9667.
CARTOONS
CARICATURES
BY
JULIUS
293-1723
FOR ANY OCCASION
BIRTHDAY PARTIES
And other Special Occasions.
273-6716
Clowns, juggling, magic,
music dance, Puppets,
balloon sculpture.
Opera's Funded
TEL AVIV (JNI) — A new
Israeli opera company is
being established in con-
junction with the Israel
Philharmonic Orchestra.
The city of Tel Aviv an-
nounced last week that it
would fund the company.
Two productions will be
staged this summer under
the direction of Sara
Caldwell of the Boston Op-
era. The first full season of
three productions with the
IPO is expected the follow-
ing year.
Last' year, the Education
Ministry cut funding for the
35-year-old Israel National
Opera, forcing it to close.
The new opera will be
funded by the city of Tel
Aviv, the Education Minis-
try and private con-
tributor's.
Friday, April 1, 1983 59
Israeli Stocks Take Wall Street by Storm
By ELMER WINTER
(Copyright 1983, JTA, Inc.)
(Editor's note: Winter is
. chairman of the Commit-
tee for the Economic
Growth of Israel.)
A group of nine high-
flying Israeli stocks —
many of them representing
Israel's burgeoning high-
tech industry — is rapidly
cutting a swath through the
American investment
community.
While the Dow-Jones
industrial average rose
some 30 percent during the
bullish second half of 1982,
these Israeli securities —
mostly newcomers to the
American scene — outper-
formed Dow-Jones by ap-
preciating 59 percent be-
tween Aug. 2 and year's
end. And they've moved
even higher in the first two
months of 1983.
Israeli securities are not
exactly a novelty for Ameri-
can investors. Indeed, Is-
raeli firms have received a
warm reception in the U.S.
since the first Israeli-based
company came to raise capi-
tal on Wall Street nearly a
quarter-of-a-century ago. In
1959, American Israeli
Paper Mills was listed on
the American Stock Ex-
change. Since then eight
other companies from the
Jewish state have been ac-
cepted for trading on the
American Stock Exchange
and over-the-counter. No
other foreign country (ex-
cept Canada) has so many of
its companies trading in the
U.S. securities market.
Today most of the Is-
raeli firms that have
entered the U.S. capital
market and that are
traded publicly here are
heavily oriented toward
science-based industry.
They produce sophisti-
cated equipment in such
fields as electronics, med-
ical instrumentation and
computers. And they
compete on world mar-
kets.
The key to their success
is research and develop-
ment, capitalizing on Is-
rael's greatest natural re-
source: the brainpower of its
people. Today Israel is re-
garded around the world as
"the high-tech country,"
and the companies traded in
the U.S. securities market
have helped Israel make
significant progress in clos-
ing its foreign trade gap.
While Israel's total ex-
ports rose sevenfold be-
tween 1970 and 1980, ex-
ports of electrical and elec-
tronic equipment increased
22.5 times.
Three of these securities
— American Israeli Paper
Mills, Etz Lavaud and Laser
Industries — are traded on
the American Stock Ex-
change. Shares of the other
six — ElectrOnics Indus-
tries, Elscint, InterPharm
Laboratories, Scitex Corp.
and Teva Pharmaceutical
— are quoted over the
counter.
,
AMERICAN ISRAEL
PAPER MILLS: The firm
produces and markets paper
and board, collects and re-
cyles waste paper, converts
household paper to con-
sumer products and man-
ufactures packaging mate-.
rials from paper and board.
ELECTRONICS.
CORP. OF ISRAEL: This
high-tech company man-
ufactures and markets
communications systems
for both military and civi-
lian use. Its telephone line
doubler systems multiply
the number of telephone
communications that can be
carried on existing chan-
nels, thus obviating the
need for more lines.
ELRON ELECTRON-
ICS INDUSTRIES:
Through its subsidiaries,
Elron designs, develops,
manufacturers, sells and
services some of the world's
most sophisticated elec-
tronic products, including
military systems for use in
airborne, shipborne and
surface weaponry.
ELSCINT: Haifa-based
Elscint, which boasts an
annual growth rate averag-
ing 38 percent over the past
10 years, designs, manufac-
tures, sells and services
computer-based digital im-
aging equipment by which
the organs of the human
body are "dissected" by
computer so that physicians
can peer inside patients in
ways never before possible.
The company is involved
in no less than five systems
of medical imaging technol-
ogy: computerized tomog-
raphy (CT), nuclear
medicine, ultrasound, dig-
nital radiography and nu-
clear magnetic resonance
(NMR). Exports account for
95 percent of sales.
The company recently
raised $30 million in the
American capital market by
selling 3.2 million shares of
stock at $23.50 per share.
This was the largest single
capital financing ever
undertaken by an Israeli
industrial firm in the U.S.,
and Wall Street gobbled it
up.
ETZ LAVAUD: A diver-
sified industrial corporation
whose products are sold
throughout the world, Etz
Lavaud is engaged in land
development, aviation com-
ponents and the manufac-
ture of wood-related prod-
ucts, laminated plastic and
furniture.
INTERPHARM LAB-
ORATORIES: Specializ-
ing in medical technology,
InterPharm is engaged in
the research, development
and production of biological,
diagnostic and related
products for the health care
industry. Among its prod-
ucts is interferon — the
"miracle' drug" scientists
believe may prove to be an
answer to cancer — man-
ufactured from human
foreskins.
LASER INDUSTRIES:
A leading designer, man-
ufacturer and marketer of a
wide range of carbon
dioxide -surgical laser sys-
tems, Laser Industries
numbers among its prod-
ucts the Sharplan 733 and
743 — used in hospital
operating rooms around the
world — and the new 723,
designed for gynecological
use in outpatient clinics and
physicians' offices.
SCITEX: This 12-year-
old company supplies inte-
grated graphic computer
systems for industrial ap-
plications. Scitex
computer-aided design sys-
tems automate color print-
ing, rendering the whole
work of design (both in the
publishing and textile in-
dustries) faster, more accu-
rate and more efficient. One
indication of its spectacular
growth: sales rose from $22
million in 1980 to $34.4 mil-
lion in 1982 to a projected
$47.7 million this year.
TEVA PHARMACEU-
TICAL: Israel's largest
manufacturer of phar-
maceuticals, it is its only
manufacturer of baking
yeast and alcohol, and an
important producer of
chemical and veterinary
products. Recently Teva de-
veloped a new compound for
the treatment of infertility
and marketed a do-it-
yourself pregnancy-
detection kit.
These, then, are some of
the reasons why the nine Is-
raeli firms traded publicly
in the United States have
been doing so well. Shortly
after 1983 began the highly
volatile Tel Aviv stock ex-
change fell sharply. Yet the
American-traded Israeli
stocks held firm, one indica-
tion of Wall Street's confi-
dence.
Frankfurt Deters Neo-Nazis
From Rally in Public Hall
BONN (JTA) — The
mayor of Frankfurt has
canceled an agreement with
the neo-Nazi National
Democratic Party (NPD) for
use of a city-owned public
hall for a party congress
scheduled to be held last
Sunday and Monday.
The mayor acted in re-
spons-3 to angry protests
from the local Jewish com-
munity, the local represen-
tatives of the Social Demo-
cratic Party (SPD) and the
local branch of the DGB
central trade union, among
others.
The cancellation order
was issued on grounds that
publicly owned facilities
should not be rented to ex-
treme rightwing or extreme
leftwing organizations. The
NPD is expected to chal-
lenge the order in court, as
it did successfully last year
in a case involving another
municipally-owned hall in
Frankfurt. •
The Jewish community
warned that the NPD
congress was _a danger-
ous and provocative
event, aimed at the city's
Jews. The organization
of persecutees of the Nazi
regime has called for a
demonstration outside
the hall.
The SPD said it was scan-
dalous that the " city
authorities rented the hall
for a Nazi rally and showed
a lack of sensitivity. The
trade unionists declared
that they would not tolerate
the event and called on their
members to demonstrate
against the Nazi rally.
Groups Aid Disadvantaged
Jews During Passover
CHICAGO (JTA) —
Thousands of Chicago's
poor, elderly and unaffil-
iated Jews were able to ob-
serve Passover at Seders
sponsored by agencies of the
Jewish United Fund,
Chicago's major Jewish
philanthropy, it was re-
ported.
In New York, the Torah
Link, an agency of the
Agudath Israel World
Organization, again placed
Jewish students in private
homes for Passover as part
of its ongoing student hospi-
tality program. Also, Bnai
Brith members and volun-
teers ran project HOPE
(Help
Our
People
Everywhere). They distrib-
uted Passover packages to
some 5,000 needy families
throughout New York and
New England. ,
In Highland Park, N.J.,
more than 3,000 area
children were offered an
opportunity to bake
matza for Passover at a
temporary bakery set up
at the Jewish Y.
Meanwhile, liturgical
music and Passover songs
for the Seder have been re-
corded on a 30-minute cas-
sett by the Rabbinical As-
sembly, the association of
Conservative rabbis.
Pianists Competing in Israel
TEL AVIV (JTA) —
Nearly 50 young pianists
from 17 countries have
begun a three-week compe-
tition for the Fourth
Rubinstein International
Piano Award established by
the late maestro, Artur
Rubinstein, whose black-
draped bust stood on a
pedestal on the Mann Au-
ditorium concert stage as
the competition opened last
week.
well as music critics from
the BBC, the New York
Times and the Figaro of
Paris.
The first three prizes are
a gold medal and $10,000,
$5,000 and $3,000.
The Rubinstein prizes
will be awarded at a final
competition in Jerusalem
on April 11. Many of the 49
competitors this year have
already won international
piano prizes.
The international jury
which will chose the win-
ners in a series of elimina-
tion performances includes
numerous piano virtuosi as •
The Talmud says that a
Sanhedrin which imposes
the death penalty once in
seven years deserves to be
called bloodthirsty.