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The new Shopping Channel is the latest of Zalman
Shoval's moves in the market. Now he wants to
throw his hat into the political ring, again.
NEIL COHEN SPECIAL TO THE JEWISH NEWS
furniture
• Fully-warrant
Hassel-free,
lop
met, on
and equipment
retail environment • Lower prices on phones faxes, copiers and
office furniture • In-house upholstery service • Office furniture
and equipment purchased • Trade-ins a«epted •
(810) 737-9291
29314 Orchard Lake Road at 13 Mile Farmington Hills, 48334
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First of Michigan
Corporation
Herman Schwartz
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Members New York Stock Exchange, Inc
Senior Vice President - Investments
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P
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6230 Orchard Lake Road, Suite 230
West Bloomfield, MI 48322
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(810) 855-2100
1-800-654-1443
G
TAX DEFERRED ANNUITIES
Z
LEADING ISRAELI STOCKS
TRADED ON U.S. EXCHANGES
STOCKS TAX-FREE•BONDS MUTUAL FUNDS
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X
Mr. Shoval's wife's family, the
alman Shoval is getting
Mayers, came to Palestine from
ready.
Ready to relaunch his po- Romania after World War I. Al-
litical career. Ready to re- ready financially comfortable,
organize some of his companies they spent a few years in Tel
and launch new business inter- Aviv before settling in Pardess
ests. Ready, perhaps, to buy a Hanna. The head of the family,
bank, to add to the one he al- Shalom Mayer, died, leaving a
ready has. Ready to place those widow, Kena, three sons and a
businesses in the safe hands of daughter. The family entered
the agriculture business and one
trusted colleagues.
of the sons,
Mr. Shoval sits
Moshe, moved
at the helm of one
into construction,
of the country's old-
building Tel
er, bigger and qui-
Shalom
eter family
Pardess Hanna's
businesses. Taking
first middle-class
it over from his late
neighborhood.
father-in-law
At the begin-
Moshe Mayer, who
ning of World War
founded the busi-
II, the family re-
ness which now
turned to Tel Aviv.
spans banking and
Moshe's broth-
financial services,
er-in-law, an engi-
real estate and
neer named
building materials,
Hoffmann, had
broadcasting and
developed a new
venture capital,
type of wax
Mr. Shoval has Zalman Shovel:
match, which had
carefully and con- A political businessman.
considerable po-
servatively nur-
tured the family fortune. Now he tential due to a wood shortage.
Mr. Hoffmann also developed a
is ready to enter a new phase.
He has hired David machine to produce the match-
Bloomberg, one of the country's es, and Moshe built factories at
leading bankers,to run his bank- home and, with local partners,
ing operations and lead an in- in Lebanon, Iraq and Egypt.
vestment group which won the This was a major step in the
franchise to run the Shopping family's business and Moshe
never looked back, even though
Channel.
IRA's MONEY MANAGEMENT
LOOKING
FORWARD
to
DESIGNER
CLOTHING
Men's & Women's
Bloomfield-Keego
Resale Shop
3425 Orchard Lake Rd., Keego Harbor
(At Commerce Rd.) Mon-Sat. 10.5, Thur. til 7
By Appointment or Call for Drop-off Time
(810) 681-5424
Symbol
Name
Exchange Aug. 18 Aug. 25
Change
SCIXF
ECILF
TEVIY
I EC
ELBTF
ELT
ELRNF
TAD
CMVT
LANTF
ISL
Scitex
ECI Telecom
Teva Pharm
PEC Israel
Elba Computers
Elscint LTD
Elron Electronics
Tad i ran
Comverse
Lan net Data
First Israel Fund
NASDAQ
NASDAQ
NASDAQ
NYSE
NASDAQ
NYSE
NASDAQ
NYSE
NASDAQ
NASDAQ
NYSE
20.50
5 20.13
$36.50
5 26.13
5 21.58
5 3.00
5 11.33
5 22.38
5 19.50
5 25.00
5 12.13
-s(0.56)
-$0.63
-$(2.88)
-$0.63
-s(0.69)
_s _
21.06
5 19.50
5 39.38
5 25.50
5 22.25
5 3.00
5 11.19
5 21.25
$19.00
5 25.13
5 12.00
5
5
-$0.44
-$1.13
+$0.50
-$(0.13)
Source: Allen °lender, Prudential Securities,
West Bloomfield.