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<CAPTION>
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FORM 4 U.S. SECURITIES AND EXCHANGE COMMISSION |---------------------------|
- ------ Washington D.C. 20549 | OMB APPROVAL |
|---------------------------|
[ ] Check this box if STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP |OMB Number 3235-0287|
no longer Subject |Expires: September 30, 1998|
to Section 16. Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, |Estimated ave. burden |
Section 17(a) of the Public Utility Holding Company Act of 1935 or |hours per response......0.5|
Section 30(f) of the Investment Company Act 1940 |---------------------------|
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|1.Name and Address of Reporting Person* |2.Issuer Name and Ticker or Trading Symbol |6.Relationship of Reporting Person to |
| | | Issuer (Check all Applicable) |
| Markert, Jr. Stephen E. | C&D TECHNOLOGIES, INC. (CHP) | |
|----------------------------------------|---------------------------------------------| ___ Director ___ Owner |
| (Last) (First) (MI) |3.IRS or Soc. Sec. No.|4.Statement for Month/| |
| | of Reporting Person | Year | _X_ Officer (give ___ Other |
| 487 Deep Run Road | (Voluntary) | | title below) (Specify below)|
| | | 07/98 | |
| | | | Vice President and CFO |
|----------------------------------------| |----------------------|---------------------------------------|
| (Street) | |5.If Amendment,Date of|7.Individual or Joint/Group Filing |
| | | Original (Month/Year)| (Check Applicable Line) |
| | | | |
| | | | _X_ Form filed by One Reporting Person|
| Perkasie PA 18944 | | | |
| | | | Form filed by More than One |
| | | | ___ Reporting Person |
|----------------------------------------|----------------------|----------------------|---------------------------------------|
| (City) (State) (Zip) |
| TABLE I - Non-Derivative Securities Acquired, Disposed of or Beneficially Owned |
|------------------------------------------------------------------------------------------------------------------------------|
|1.Title of Security |2.Transac- |3.Trans. |4.Security Acquired (A) or |5.Amount of |6. |7.Nature of |
| (Instr. 3) | tion Date | Code | Disposed of (D) | Securities |Ownership| Indirect |
| | | | | |(A) | | of Month |(D) or | Ownership |
| | |Code | V | Amount |(D) | Price | (Instr. 3&4) |Ind. (I) | (Instr. 4) |
|----------------------------|-------------|-----|----|---------------|----|---------|---------------|---------|---------------|
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
| | | | | | | | | | |
| Common Stock | 7/1/98 Balance prior to stock split - see (1) | 4,034 | | |
|----------------------------|-------------|-----|----|---------------|----|---------|---------------|---------|---------------|
| | | | | | | | | | |
| Common Stock | 7/24/98 | M | | 1,000 | A | 12.00 | | | |
|----------------------------|-------------|-----|----|---------------|----|---------|---------------|---------|---------------|
| | | | | | | | | | |
| Common Stock | 7/24/98 | S | | 800 | D | 52.3125 | | | |
|----------------------------|-------------|-----|----|---------------|----|---------|---------------|---------|---------------|
| | | | | | | | | | |
| Common Stock | 7/24/98 | S | | 200 | D | 52.625 | | | |
|----------------------------|-------------|-----|----|---------------|----|---------|---------------|---------|---------------|
| | | | | | | | | | |
| Common Stock - split | 7/24/98 | (1) | | 4,034 | | (1) | 8,068 | D | |
|----------------------------|-------------|-----|----|---------------|----|---------|---------------|---------|---------------|
| | | | | | | | | | |
| | | | | | | | | | |
|----------------------------|-------------|-----|----|---------------|----|---------|---------------|---------|---------------|
| | | | | | | | | | |
| | | | | | | | | | |
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</TABLE>
(1) On July 24, 1998 the Issuer's common stock split two-for-one stock in the
form of a 100% stock dividend, resulting in the reporting person's
acquisition of 4,034 additional shares of common stock.
Reminder: Report of a separate line for each class securities owned directly or
indirectly.
*If the form is filed by more than one reporting person, see Instruction 4(b)(v)
PAGE: 1 of 2
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FORM 4 (continued) TABLE II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, covertible security)
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|1.Title of|2.Conver-|3. |4.Tran- |5.Number of |6.Date |7.Title and Amount |8.Price of|9.Number |10. |11.Nature |
|Derivative|sion or |Trans|saction | Derivative |Exercisable| or Underlying |Derivative| of |Own.| of |
|Security |Exercise |Date |Code | Securities |and | Securities |Security |Derivative|Form| Indirect |
|(Instr. 3)|Price of |(Mon/|(Instr.8)| Acquired (A) or|Expiration | (Instr. 3 & 4) |(Instr. 5)|Securities|of |Beneficial|
| |Deriva- |Day/ | | Disposed of (D)|Date | | |Benefi- |Deri|Ownership |
| |tive |Year)| | (Instr. 3, 4&5)|(Mon/Day/ | | |cially |Sec.|(Instr. 4)|
| |Security | | | | Year) | | |Owned at |Dir.| |
| | | | | |-----------|---------------------| |End of |(D) | |
| | | | | | | | |Amount or | |Month |or | |
| | | |---------|-----------------|Date |Exp. | Title |Number of | |(Instr. 4)|Ind.| |
| | | |Code| V | (A) | (D) |Exbl.|Date | |Shares | | |(I) | |
|----------|---------|-----|----|----|--------|--------|-----|-----|----------|----------|----------|----------|----|----------|
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
|Stock |$12.00 |7/24/| M | | | 1,000 | (3) |4/25/|Common | 1,000 | | 3,000 | D | |
|Option | | 98 | | | | | | 04 |Stock | | | (2) | | |
|(Right to-|---------|-----|----|----|--------|--------|-----|-----|----------|----------|----------|----------|----|----------|
| Buy) | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
|----------|---------|-----|----|----|--------|--------|-----|-----|----------|----------|----------|----------|----|----------|
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
|----------|---------|-----|----|----|--------|--------|-----|-----|----------|----------|----------|----------|----|----------|
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
|----------|---------|-----|----|----|--------|--------|-----|-----|----------|----------|----------|----------|----|----------|
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
|----------|---------|-----|----|----|--------|--------|-----|-----|----------|----------|----------|----------|----|----------|
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
|----------|---------|-----|----|----|--------|--------|-----|-----|----------|----------|----------|----------|----|----------|
</TABLE>
Explanation of Responses:
(2) This option was previously reported as covering 2,500 shares at an exercise
price of $12.00 per share but was adjusted to reflect a two-for-one stock
split in the form of a 100% stock dividend on July 24, 1998.
(3) Option to buy shares of C&D TECHNOLOGIES, INC. Common Stock exercisable 50%
on 4/25/95 and 50% on 4/25/96.
/s/ Stephen E. Markert, Jr. 08/04/98
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**Signature of Reporting Person Date
**Intentional misstatements or omissions of facts constitute Federal Criminal
Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this form, one of which must be manually signed.
If space provided is insufficient, see Instruction 6 for procedure.
