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March 04, 1994 - Image 40

Resource type:
Text
Publication:
The Detroit Jewish News, 1994-03-04

Disclaimer: Computer generated plain text may have errors. Read more about this.

NOW IN BIRMINGHAM

A DEAN WITTER OFFICE

To SERVE YOUR FINANCIAL NEEDS

Property Return Laws
Seem To Fall Short

Dean Witter, a respected leader in financial services, with
responsibility for over $157 billion in client assets and more than 335
offices nationwide, is proud to announce the opening of our new
office in Birmingham.

Prague (JTA) — Jewish
community leaders in the
Czech Republic are pro-
testing recently drafted
_legislation to return con-
fiscated Jewish property,
saying the measures do not
go far enough.
On Jan. 13, Czech Prime
Minister Vaclav Klaus an-
nounced that legislation had
been drafted calling for the
return of all functioning
synagogues and all Jewish
cemeteries to the country's
dwindling Jewish commun-
ity.
But the Federation of Jew-
ish Communities here has
charged that the draft
legislation is not satisfactory
and that there is a substan-
tial amount of property still
to be returned to its original
Jewish owners.
Jewish leaders here have
long complained that Klaus'
party, the Civic Democratic
Party, has ignored their
calls for the return of Jewish
property seized by Nazi
Germany and by

Since 1924, Dean Witter has put the interests of our clients first.
We value our reputation for integrity and stability and measure our
success by the trust we earn. Our conservative policies have been
the hallmark of our company for well over half a century.

We take pride in the professionalism and dedication of our
Account Executives and in their ability to provide financial pro-
grams tailored to each client's goals.

Jerome S. Bookstein

Harold F. Rossen

Senior Vice President, Investments
Senior Consultant

Senior Vice President, Investments
Senior Consultant,

Adam J. Bornstein

William S. Messner

Account Executive

Account Executive

We invite you to call or visit to learn about our quality products
and enjoy the benefits of our personal service. Our new office is
conveniently located at

300 Park Street, Suite 380
Birmingham, Michigan 48009

WE MEASURE SUCCESS ONE INVESTOR AT A TIME.

0) DEAN WITTER

©1994 Dean Witter Reynolds Inc. Member SIPC.

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According to the latest
draft legislation, which still
has to be approved by
Parliament, non-functioning
synagogues held by chur-
ches, non-governmental
organizations and private
persons would not be return-
ed to the Jewish community.
"It's queer and hardly
understandable why the
government was prepared to
return synagogues where
services are held, but refus-
ed to return synagogues
used now as storehouses of
potatoes," said Viktor
Dobal, a member of the
Czech Parliament.
The Jewish community
here currently numbers
about 3,0 0 0 members.
Before World War II, there
were approximately 118,000
Jews living here. ❑

Investors In Israel
Ride Roller Coaster

(810) 258-1750
(800) 258-1750

DONALD E. GALE, D.D.S.

Czechoslovakia's postwar
Communist governments.
Existing Czech laws cover
only the period following the
1948 Communist takeover of
Czechoslovakia.

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Jerusalem (JTA) — The re-
cent ups and downs of the
Israeli stock exchange —
which have temporarily
knocked the peace process
off the front pages in Israel
— have given investors the
jitters, just when Israel is
trying to lure them with the
promise of peace in the re-
gion.
On Feb. 21, losses at the
Tel Aviv Stock Exchange
averaged 5 percent, but by
Feb. 22, the market posted
across-the-board gains of a
similar percentage amount,
thereby adding confusion to
the near-panic that had set
in.
During February as a
whole, market losses eroded
some $12 billion from the
value of Israeli shares,
which dropped from a total
value of approximately $55
billion to $43 billion.
From July 1993 to the
year's end, the Israeli stock
market rose some 40 per-
cent, and prices held firm
through the first month of
this year.
The massive February
falls were attributed to

statements by market in-
siders that shares were
overvalued, and also to the
government's recent stolid
refusal to intervene in the
market.
Also cited as a cause of the
recent market plunge were
investigations launched by
the stock exchange itself and
by the police into allegations
of stock-price manipulations

Down 5 percent
Feb. 21, Tel Aviv
rebounded the
next day.

by mutual fund portfolio
managers and traders.
With interest rates around
the world almost uniformly
low, and with peace ap-
parently just over the hor-
izon in the Middle East,
Israel has rapidly attained a
place for itself among the
lists of "emerging markets"
in major American and Eu-
ropean financial publica-
tions. ❑

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