Evening star., 1952-02-13
) WoIfson Companies
Largest Stockholders
In Capital Transit
BY Donald B. HodIey

Three Florida corporations con-
trolled by Louis z. Wolfson and
his associates comprise the largest
single bloc Of stockholders In the
Capital Transit Co., 1t was dis
closed today In q year-end list
submitted with the company's an
nual report to the Senate and
House District Committees.
The q. s. Wolfson Bros. Corp.
Of Jacksonville. Fla. owned 190.-
400 shares of the company's $780,
600 shares at the end of the year,
the report showed. Southern Pipe
g. Supply Co. of Orlando, Fla.,'
owned lac, 600 shares, and the M
L. & s. Corp. Of Jacksonville,
3,400 shares.
The three companies owned q
total of 333 800 shares at the end
OF the year, and late report from
the Securities and Exchange Com
mission discloSes that M. L. & s.
Corp. added another 600 shares
in January. raising the current
total for the companies to 1874. 400 !
Family Holds $4,000 Shares.
The year-end report also listed
direct holdings Of Louis e. Wolf
son as 36.440 shares and those of
his wife. Florence, as 1000 shares,
although Mrs. Wolfson'S holdings
increased in January by another
1000 shares to 5000, the SEC re-
ported.
Stock owned by Mr.. Wolfson's|
brothers Sam. Saul and Cecil, and
their wives and trusts for their
children, raised the total hold
ings of the Wolfsor families, in
cluding Louis and L.. wife, to 56,-I
900 shares.
A partnership a..I Individual
holdings Of Wolfson associates,
who could be identified, accounted
for more than another 10000
shares, but this total still was short
Of the 50 per cent. or around 49, :
SIS shares, which Louis Wolfsonl
reported he and his associates
owned in 1851.
Probably some of the additional
holdings were among more than
10000 shares held for customers
by brokerage houses at the year.
end.
Brokers' Holdings Small.
Washington brokers held rela-
lively small amounts Of this total,
rejecting the small proportion OF
trading here. compared with the
New York Curb Exchange.
The largest single item on the
brokers list was 57,279 shares held
by A. M. Kidder g. Co. of New
York, which has Offices In Florida.
Second was 31.780 shares held
by Hirsch & Co., also Of New
York.
Some Of the other brokers' hold
ings were: Merrill Lynch, Pierce,
Fenner g. Beane, 20,552: Francis
dupont & Co., 9.036. and Pershing
& Co., 6,400.
While not strictly a member of
the Florida group. which acquired
control of Capital Transit Co. in
September. 1949. H. Grady Gore
of Montgomery County and his
family may have been included in
Mr.. Wolfson's report on group
holdings. Mr.. Gore has been
credited with taking an important
part in interesting the group in
Capital Transit.
10000 Unexchanged Shares.
The year -end report listed 10,000I
unexchanged old shares. equiva-
lent to 10000 new shares under
the recent 4-for-1 stock splitup,
as the property Of Gore Properties.
Inc, and various members of Mr..
Cores family. Mr.. Gore is now a
candidate for the Republican
nomination for Senator in Mary
land.
Mr.. Gore was listed as joint
owner with Mrs. Jamie Gore of
$500 old shares, and $500 addi-
tional old shares were listed for
Mrs. Gore. Credited to Gore
Properties were 1000 old shares.
II. Grady Gore. jr., was listed as
having 1900 old shares. and other
members of the family held an
other 1,500.
An interesting side1ight Of the
report was the listing of j. A. B.
Broadwater, president Of Capital
Transit, as the owner of only 20
shares, and Doren S. Weinstein.
executive vice president. as the
owner Of only 68 shares.
U. 8. Wolfson Bros. Corp, for
merly the Florida Pipe & Supply
Co.. became major stockholder
In Capital Transit Co., in March,
1851, when it acquired $4,000
shares described at that time as
individual holdings of the Wolf
son brothers and other members
Of the group. This was equivalent
to 100000 present shares under
the split-up.