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SOUTH CHESTER TUBE CO. v. NAISMITH

No. 5444.

73 F.2d 13 (1934)

SOUTH CHESTER TUBE CO. et al. v. NAISMITH et al.

Circuit Court of Appeals, Third Circuit.

September 21, 1934.

Attorney(s) appearing for the Case

W. Denning Stewart, of Pittsburgh, Pa., and H. Edgar Barnes and A. S. Ashbridge, Jr., both of Philadelphia, Pa., for appellants.

Louis J. Wiesen, of Sharon, Pa., for appellees.

Before BUFFINGTON, DAVIS, and THOMPSON, Circuit Judges.

DAVIS, Circuit Judge.

This is an appeal from a decree of the District Court refusing to segregate the proceeds of a sale for the account of the appellants.

On January 9, 1933, McDowell & Co. owned assets found by the court to be worth more than $200,000 on December 23, 1932, and presumably of that value on January 9th. On that day, January 9th, McDowell & Co. sold and transferred these assets to the Mercer Tube & Manufacturing Company, hereinafter...

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