In re Cawley

BREWSTER, District Judge.

The referee’s certificate in this case brings up for review an order denying a petition to reclaim certain securities now in the possession of the *594trastee in bankruptcy. Tbe following facts appear:

The bankrupt was a stockbroker, with whom the petitioners carried open or margin accounts. The petitioners delivered to the bankrupt TO shares of common stock of Inspiration Copper Company, 10 shares of common stock of American Agricultural Chemical Company, 20 shares of common stock of Union Pacific Railroad Company, and 10 shares of preferred stock of Continental Motors…