SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
Penn Fuel Gas, Inc.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
707440103
(CUSIP Number)
Check the following box if a fee is being paid with this
statement. [ X ]
1. Name of Reporting Person(s)
CoreStates Financial Corp
SSN or IRS Identification
No(s) of Above Person(s) 23-1899716
2. Check the Appropriate Box
If a Member of a Group
(See Instructions) [ X ]
3. SEC Use Only
4. Citizenship or Place of
Organization Pennsylvania
Number of Shares Beneficially
Owned by Each Reporting Person With
5. Sole Voting Power 102,010
6. Shared Voting Power -0-
7. Sole Dispositive Power -0-
8. Shared Dispositive Power -0-
9. Aggregate Amount Beneficially
Owned by Each Reporting Person 102,010
10. Check if the Aggregate Amount
in Row 9 Excludes Certain
Shares (See Instructions)
11. Percent of Class Represented by
Amount in Row 9 14.22
12. Type of Reporting Person(s)
(See Instructions) HC-BK
Item 1.
(a) Name of Issuer Penn Fuel Gas, Inc.
(b) Address of Issuer's Principal Executive Offices
55 South 3rd Street
Oxford, Pennsylvania 19363
Item 2.
(a) Name of Person Filing: CoreStates Financial Corp
(b) Address of Principal Business Office or, if none, Residence
Broad & Chestnut Streets
Philadelphia
(c) Citizenship Pennsylvania
(d) Title of Class of Securities
(e) CUSIP Number 707440103
Item 3. If this statement is filed pursuant to Rules 13d-1(b) or 13d-2(b),
check whether the person filing is a:
(a) [ ] Broker or dealer registered under Section 15 of the Act.
(b) [ ] Bank as defined in Section 3(a)(6) of the Act.
(c) [ ] Insurance Company as defined in Section 3(a)(19) of the Act.
(d) [ ] Investment Company registered under Section 8 of the
Investment Company Act.
(e) [ ] Investment Adviser registered under Section 203 of the
Investment Advisers Act of 1940.
(f) [ ] Employee Benefit Plan, Pension Fund, which is subject to the
provisions of the Employee Retirement Income Security Act of
1974, or Endowment Fund
(g) [X] Parent Holding Company, in accordance with Section
240.13d-1(b)(1)(ii)(H)
(h) [ ] Group, in accordance with Section 240.13d-1(b)(1)(ii)(H)
Item 4. Ownership
As of December 31, 1993, the reporting person filing this statement
through its wholly owned subsidiary, CoreStates Bank, N.A., beneficially
owned the following amounts and percentages of securities of the above
named issuer:
(a) Amount Beneficially Owned 102,010
(b) Percent of Class 14.22
(c) Number of shares as to which such person has the:
(i) sole power to vote or
to direct the vote 102,010
(ii) shared power to vote or
to direct the vote -0-
(iii)sole power to dispose or
to direct the disposition of -0-
(iv) shared power to dispose or
to direct the disposition of 102,010
Item 5. Ownership of Five Percent or Less of a Class N/A
Item 6. Ownership of More than Five Percent on Behalf of Another Person
CoreStates Bank, N.A. and New Jersey National Bank
hold the shares reported above under various trust and
custodial arrangements.
Item 7. Identification and Classification of the Subsidiary which Acquired
the Security Being Reported on By the Parent Holding Company
CoreStates Bank, N.A., a bank as defined in Section
3(a)(6) of the Act.
Item 8. Identification and Classification of Members of the Group N/A
Item 9. Notice of Dissolution of Group N/A
Item 10. Certification
By signing below, I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired in the ordinary
course of business and were not acquired for the purpose of and do not
have the effect of changing or influencing the control of the issuer of
such securities and were not acquired in connection with or as a
participant in any transaction having such purposes or effect.
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true,
complete, and correct.
Date:February 10, 1994
Mark Stalnecker, Executive Vice President
