Ambassador, Banker, Cabinet Minister? Be Sure And Register For The October 2nd n For A, Drawl mr An d Office Other Items 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 s.: : • : • • ; • • : • • : • • : : : • • : • • .. X M T First of Michigan Corporation Herman Schwartz T 48 N A Members New York Stock Exchange, Inc Senior Vice President - Investments A L P .A T R U 6230 Orchard Lake Road, Suite 230 West Bloomfield, MI 48322 'N T S (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 A 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.