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August 19, 1994 - Image 52

Resource type:
Text
Publication:
The Detroit Jewish News, 1994-08-19

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

Great Rate

APY

*

Kosins Is Closing

W ith an interest rate this great, don't

Surnmer sale fails to save Lathrup Village
men's apparel store.

wait! Get your Certificate of Deposit

STEVE STEIN STAFF WRITER

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1-800-968-4425 7AM-7PM M-F

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Not Valid with any other offer.

GROWTH & INCOME

• Short Maturity • High Yield
NOW PAYING ON 6 MONTH CERTIFICATES
Annual Yield Based On

7.12%

he last-gasp sale of $3 mil-
lion in inventory in an at-
tempt to save Kosins
Clothes didn't work. The
Lathrup Village store has begun
holding a "going out of business"
sale with plans to close around
the end of October.
"There's a feeling of sadness
about what's happened, no doubt
about it," said Kosins CEO and
president Norman Wachter. "Like

T

our 40 employees, I've begun look-
ing for new work, new challenges.
I'm trying to help our employees
find jobs."
Founded in Detroit by Max
Kosins in 1925, Kosins Clothes
became one of the country's lead-
ing men's apparel stores until a
series of events, including the
January 1991 death of co-owner
Harry Kosins and the recession
which followed the November

LEADING ISRAELI STOCKS
TRADED ON U.S. EXCHANGES

Symbol Name

Exchange

Aug. 5

Aug.12

Change

SCIXF

Scitex

NASDAQ

'18.88

'19.38

+$0.50

7.00%

ECILF

ECI Telecom

NASDAQ

'17.00

'16.88

-s0.13

TEVIY

Teva Pharm

NASDAQ

'28.00

'27.94

-$0.065

I EC

PEC Israel

NYSE

'26.88

'27.00

+s0.13

Monthly or at Maturity

ELBTF

Elbit Computers

NASDAQ

'24.50

'26.25

+$1.75

Minimum investment of $5000.00 with additional multiples of $1000.00.
Rich Plan Credit Investment Certificates are available
through offering circular to Michigan Residents only.

ELT

Elscint LTD

NYSE

'2.25

'2.63

+s0.38

ELRNF

Elron Electronics

NASDAQ

'11.25

'11.88

-Es0.63

Since 1946

TAD

Tadi ran

NYSE

'19.38

'19.00

-s0.38

CMVT

Comverse

NASDAQ

'9.13

'10.31

+51.19

LANTF

Lannet Data

NASDAQ

'8.50

'9.50

+51 .00

ISL

First Israel Fund NYSE

'14.25

'14.13

-s0.13

Our Current Rate Paid

RICH PLAN CREDIT, INC.
810-293-0900
1-800-556-3663

Offices in Flint, Grand Rapids, Kalamazoo & Lansing

Source: Allen Olender, Prudential Securities,
West Bloomfield.

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