Evening star., 1950-04-17
m Additional Shares
N Capital Transit Co.
acquired by WoIfson
By Edword c. Stone

ny 6oVeI0 StVHC
( Louis z. Wolfson Of Jackson
Vile. Fla. head of the group of
Florida investors controlling the
Capital Transit Co., now owns
51.010 shares of stock in the
company.
This was disclosed today in re-
port by the Securities and Ex-
change Commission. The total of
Mr., Wolfson's shares is $50 more
than the 50,458 shares which were
llis portion when he and his asso-
ciates acquired 109,45a shares
from North American Co. last
September
The SEC report also showed
that a partnership. in which Mr..
Wolfson is interested. acquired a
number of Capital Transit Shares
in the 80 days ending March 10.
Mr.. Wolfson's proportionate inter-
est in this transaction amounted
to 297 shares.
Mr.. Wolfson and three brothers
are associated in the firm of Wolf
son Brothers of Jacksonville.
Heavy recent buying of Capital
Transit on the Washington Ex-
change has been ascribed to the
same group.
Auditors Meet In Miami.
Washington has sent a large
delegation to the Fifteenth East
ern Regional Conference of the
National Association of Bank Au-
ditors and controllers, which
opens tomorrow in Miami, Fla
The delegates include:
Vernon r. Dorman, American
Security & Trust Co.: Robert E.
Kendrick. jr., Bank of Commerce
e. Savings: Lewis E. Thomas.
Liberty National; Raymond G.
Marx, D. D. Whitcraft and John
r. Cocker. Riggs National; Ger
aid E. Keene and Bernard H.
Prosise, Second National; Fulton
H. Dixon, Security Savings g.
Commercial; Louis K. Lynn, Un-
ion Trust; H. Paul Mount. Airing
ton Trust; and r. E. Harmon,
Bank of Silver Spring. Many
wives are also taking the trip.
harrington in New Post.
Charles j. Harrington has been
appointed assistant to Fred L.
Haller. president of the National
Automobile Dealers Association,
1t was announced today.
Mr.. harrington will devote his
time primarily to legislative activ-
tiles on the Hill as successor to
the late Bert st. Clair, most
important responsibility, Mr.. Hal
Ter said. Mr.. harrington is widely
known in Washington through
long service In public relations.
Henry s. Richards has been
named manager OF the newly
opened warehouse at 4142 Queens
Chapel road NE Of the United
States Plywood Corp. 1t was an
nounced today The branch Is
subsidiary Of the Baltimore
Office.
Ragir Heads Ekco Products.
Benz. A. Ragir, wartime asso-
ciate solicitor and general tax
counsel for the Alien Property
Custodian in Washington, has
been elected president of Exec
Products Cos manufacturer of
housewares. -sAt SO. he becomes
one of the Youngest men to head
a corporation with sales of about
s30,o00,000 year. He has been
the company's executive vice
president and treasurer.
Fred A. Smith, president of the
Jefferson Savings g. Loan Asso-
citation was elected a director of
the Southeastern Group Confer
ence OF the United States Savings
and Loan League at the recent
meeting In Florida.
Menard boswell has been
named assistant manager of the
insurance firm of John D. Marsh
& Associates. He was a major in
the Marine Corps In the war and
is a graduate Of Tulane Univer-
sity.
Pepco to Expand Service.
The Potomac Electric Power
Co. will start furnishing service
on Capitol Hill. President Alfred
G. Neal announced at the annual
meeting. The Government has
previously furnished it's own elec-
trio power in the Capitol. This
Is an important addition to the
Pepco service and will be cheaper
for the Government, it was said.
L. H. Van Ness. planning man.
ager Of Acacia Mutual Life, will
address the National Office Man
agen1ent Association at a dinner
meeting at the Dodge Hotel, to-
morrow evening.
Capital Airlines almost doubled
revenue from special charter
flights in the first quarter COM
pared with the like 1949 period,
Vice President j. A. Austin an
nounced.
Capital Transit sales on the
Washington Exchange last Friday
tota1ed 542 shares. close to Po-
tonac Power common in volume.