Folger Nolan Fleming Douglas Capital Management 13F-HR Quarterly holdings report by institutional manager

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

OMB APPROVAL

OMB Number:		3235-0006
Expires:	Oct 31, 2018
Estimated average burden
hours per response:		23.8

COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
3M CO.	COM	88579Y101	3,298	18,692	SH		SOLE		0	0	18,692
ABBOTT LABORATORIES	COM	002824100	8,067	92,878	SH		SOLE		0	0	92,878
ABBVIE INC	COM	00287Y109	1,627	18,371	SH		SOLE		0	0	18,371
ADOBE SYSTEMS INCORPORATED	COM	00724F101	4,823	14,623	SH		SOLE		0	0	14,623
AIR PRODUCTS & CHEMICALS	COM	009158106	321	1,368	SH		SOLE		0	0	1,368
ALLSTATE CORPORATION	COM	020002101	729	6,483	SH		SOLE		0	0	6,483
ALPHABET INC NON-VOTING CL C	COM	02079K107	8,653	6,472	SH		SOLE		0	0	6,472
ALPHABET INC VOTING CL A	COM	02079K305	656	490	SH		SOLE		0	0	490
ALTRIA GROUP	COM	02209S103	227	4,556	SH		SOLE		0	0	4,556
AMAZON.COM INC	COM	023135106	8,238	4,458	SH		SOLE		0	0	4,458
AMERICAN ELECTRIC POWER	COM	025537101	246	2,606	SH		SOLE		0	0	2,606
AMERICAN EXPRESS INC	COM	025816109	3,477	27,930	SH		SOLE		0	0	27,930
AMGEN INC	COM	031162100	1,195	4,958	SH		SOLE		0	0	4,958
APPLE INC	COM	037833100	12,792	43,562	SH		SOLE		0	0	43,562
AQUA AMERICA	COM	03836W103	7,730	164,672	SH		SOLE		0	0	164,672
ARCHER DANIELS MIDLAND CO	COM	039483102	1,153	24,876	SH		SOLE		0	0	24,876
AT&T CORP NEW	COM	00206R102	2,393	61,229	SH		SOLE		0	0	61,229
ATMOS ENERGY CORP	COM	049560105	2,033	18,175	SH		SOLE		0	0	18,175
BALL CORP	COM	058498106	252	3,900	SH		SOLE		0	0	3,900
BANK OF AMERICA	COM	060505104	1,455	41,317	SH		SOLE		0	0	41,317
BANK OF NEW YORK MELLON CORP	COM	064058100	969	19,254	SH		SOLE		0	0	19,254
BECTON DICKINSON	COM	075887109	11,689	42,980	SH		SOLE		0	0	42,980
BERKSHIRE HATHAWAY INC DEL CLA	COM	084670108	4,415	13	SH		SOLE		0	0	13
BERKSHIRE HATHAWAY INC DEL CLA	COM	084670702	795	3,510	SH		SOLE		0	0	3,510
BOEING	COM	097023105	3,143	9,648	SH		SOLE		0	0	9,648
BP PLC SPONS ADR	COM	055622104	262	6,945	SH		SOLE		0	0	6,945
BRISTOL-MYERS SQUIBB COMPANY	COM	110122108	1,028	16,019	SH		SOLE		0	0	16,019
C S X CORPORATION	COM	126408103	507	7,000	SH		SOLE		0	0	7,000
CABLE ONE INC	COM	12685J105	561	377	SH		SOLE		0	0	377
CATERPILLAR INCORPORATED	COM	149123101	5,384	36,456	SH		SOLE		0	0	36,456
CHEMOURS CO	COM	163851108	12,715	702,885	SH		SOLE		0	0	702,885
CHEVRON CORP	COM	166764100	6,968	57,824	SH		SOLE		0	0	57,824
CHURCH & DWIGHT CO INC	COM	171340102	10,599	150,678	SH		SOLE		0	0	150,678
CISCO SYSTEMS INC	COM	17275R102	6,880	143,447	SH		SOLE		0	0	143,447
COASTAL CARIBBEAN OILS & MINER	COM	190432203	0	69,910	SH		SOLE		0	0	69,910
COCA-COLA COMPANY	COM	191216100	2,318	41,882	SH		SOLE		0	0	41,882
COLGATE-PALMOLIVE COMPANY	COM	194162103	430	6,252	SH		SOLE		0	0	6,252
COMCAST CORP NEW CL A	COM	20030N101	280	6,222	SH		SOLE		0	0	6,222
CONOCOPHILLIPS	COM	20825C104	360	5,534	SH		SOLE		0	0	5,534
CORNING INC.	COM	219350105	707	24,300	SH		SOLE		0	0	24,300
CORTEVA INC	COM	22052L104	31,513	1,066,079	SH		SOLE		0	0	1,066,079
CVS CAREMARK CORPORATION	COM	126650100	591	7,950	SH		SOLE		0	0	7,950
DANAHER CORP	COM	235851102	648	4,225	SH		SOLE		0	0	4,225
DEERE AND CO.	COM	244199105	217	1,250	SH		SOLE		0	0	1,250
DENTSPLY SIRONA INC	COM	24906P109	2,262	39,965	SH		SOLE		0	0	39,965
DISCOVER FINANCIAL SERVICES	COM	254709108	508	5,992	SH		SOLE		0	0	5,992
DOMINION RESOURCES INC OF VA	COM	25746U109	4,644	56,072	SH		SOLE		0	0	56,072
DOVER CORPORATION	COM	260003108	263	2,285	SH		SOLE		0	0	2,285
DOW CHEMICAL COMPANY (THE)	COM	260543103	60,358	1,102,840	SH		SOLE		0	0	1,102,840
DTE ENERGY	COM	233331107	391	3,011	SH		SOLE		0	0	3,011
DU PONT (E.I.) DE NEMOURS & CO	COM	263534109	70,896	1,104,297	SH		SOLE		0	0	1,104,297
DUKE ENERGY CORP	COM	26441C204	1,512	16,577	SH		SOLE		0	0	16,577
ELI LILLY & CO	COM	532457108	635	4,833	SH		SOLE		0	0	4,833
EMERSON ELECTRIC CO.	COM	291011104	1,083	14,206	SH		SOLE		0	0	14,206
ENBRIDGE INC.	COM	29250N105	1,045	26,267	SH		SOLE		0	0	26,267
EXELON CORP	COM	30161N101	225	4,936	SH		SOLE		0	0	4,936
EXXON MOBIL CORPORATION	COM	30231G102	10,346	148,272	SH		SOLE		0	0	148,272
FEDERAL REALTY INV TR S B I	COM	313747206	1,464	11,374	SH		SOLE		0	0	11,374
FEDEX CORP	COM	31428X106	4,423	29,248	SH		SOLE		0	0	29,248
FISERV INC	COM	337738108	357	3,090	SH		SOLE		0	0	3,090
FORTIVE CORP	COM	34959J108	343	4,488	SH		SOLE		0	0	4,488
FRANKLIN RESOURCES INC	COM	354613101	587	22,585	SH		SOLE		0	0	22,585
GENERAL ELECTRIC COMPANY	COM	369604103	2,129	190,793	SH		SOLE		0	0	190,793
GENERAL MILLS INC	COM	370334104	729	13,614	SH		SOLE		0	0	13,614
GRAHAM HOLDINGS CO.	COM	384637104	215	336	SH		SOLE		0	0	336
HEALTH PEAK PROPERTIES INC	COM	42250P103	259	7,524	SH		SOLE		0	0	7,524
HERSHEY COMPANY	COM	427866108	1,732	11,787	SH		SOLE		0	0	11,787
HOME DEPOT	COM	437076102	1,068	4,891	SH		SOLE		0	0	4,891
HONEYWELL INTERNATIONAL INC	COM	438516106	3,218	18,182	SH		SOLE		0	0	18,182
ILLINOIS TOOL WORKS INC.	COM	452308109	11,579	64,459	SH		SOLE		0	0	64,459
INTEL CORP COM	COM	458140100	7,919	132,309	SH		SOLE		0	0	132,309
INTERNATIONAL BUSINESS MACHINE	COM	459200101	2,644	19,724	SH		SOLE		0	0	19,724
INTERNATIONAL PAPER CO	COM	460146103	263	5,709	SH		SOLE		0	0	5,709
INTUIT INC	COM	461202103	943	3,600	SH		SOLE		0	0	3,600
ISHARES MSCI EAFE INDEX	COM	464287465	377	5,434	SH		SOLE		0	0	5,434
ISHARES NASDAQ BIOTECH INDEX	COM	464287556	6,605	54,811	SH		SOLE		0	0	54,811
ISHARES RUSSELL 2000 IDX	COM	464287655	5,087	30,705	SH		SOLE		0	0	30,705
ISHARES RUSSELL MIDCAP INDEX	COM	464287499	7,100	119,083	SH		SOLE		0	0	119,083
JOHNSON & JOHNSON	COM	478160104	15,694	107,586	SH		SOLE		0	0	107,586
JPMORGAN CHASE & CO.	COM	46625H100	13,166	94,449	SH		SOLE		0	0	94,449
KELLOGG COMPANY	COM	487836108	2,807	40,586	SH		SOLE		0	0	40,586
KIMBERLY-CLARK CORP	COM	494368103	2,837	20,625	SH		SOLE		0	0	20,625
LABORATORY CORP OF AMERICA	COM	50540R409	1,048	6,197	SH		SOLE		0	0	6,197
LINDE PLC	COM	G5494J103	385	1,807	SH		SOLE		0	0	1,807
LOCKHEED MARTIN	COM	539830109	939	2,412	SH		SOLE		0	0	2,412
LOWES COS	COM	548661107	12,638	105,524	SH		SOLE		0	0	105,524
M & T BANK CORP	COM	55261F104	2,300	13,550	SH		SOLE		0	0	13,550
MANPOWER INC WISCONSIN	COM	56418H100	459	4,724	SH		SOLE		0	0	4,724
MARRIOTT INTERNATIONAL, NEW IN	COM	571903202	8,242	54,431	SH		SOLE		0	0	54,431
MARRIOTT VACATIONS WORLDWIDE C	COM	57164Y107	225	1,745	SH		SOLE		0	0	1,745
MC DONALD'S CORPORATION	COM	580135101	11,313	57,249	SH		SOLE		0	0	57,249
MEDTRONIC INC	COM	G5960L103	505	4,452	SH		SOLE		0	0	4,452
MERCK & COMPANY INCORPORATED N	COM	58933Y105	6,798	74,743	SH		SOLE		0	0	74,743
MICROSOFT CORPORATION	COM	594918104	19,834	125,773	SH		SOLE		0	0	125,773
MONDELEZ INTL INC	COM	609207105	264	4,797	SH		SOLE		0	0	4,797
MORGAN STANLEY & CO	COM	617446448	618	12,088	SH		SOLE		0	0	12,088
MOTOROLA SOLUTIONS, INC	COM	620076307	819	5,084	SH		SOLE		0	0	5,084
NESTLE SA REG ADR	COM	641069406	249	2,303	SH		SOLE		0	0	2,303
NEXTERA ENERGY	COM	65339F101	5,353	22,105	SH		SOLE		0	0	22,105
NORFOLK SOUTHERN CORP	COM	655844108	297	1,531	SH		SOLE		0	0	1,531
NORTHERN TRUST CORP	COM	665859104	1,105	10,400	SH		SOLE		0	0	10,400
ORACLE CORP	COM	68389X105	421	7,949	SH		SOLE		0	0	7,949
PEPSICO INCORPORATED	COM	713448108	12,680	92,781	SH		SOLE		0	0	92,781
PFIZER INCORPORATED	COM	717081103	1,470	37,522	SH		SOLE		0	0	37,522
PHILIP MORRIS INTERNATIONAL	COM	718172109	423	4,968	SH		SOLE		0	0	4,968
PHILLIPS 66	COM	718546104	517	4,638	SH		SOLE		0	0	4,638
PIONEER NAT RES CO	COM	723787107	227	1,500	SH		SOLE		0	0	1,500
PNC FINANCIAL SERVICES GROUP	COM	693475105	584	3,656	SH		SOLE		0	0	3,656
POWERSHARES QQQ TR ETF SERIES	COM	73935A104	1,321	6,211	SH		SOLE		0	0	6,211
PROCTER & GAMBLE COMPANY	COM	742718109	16,248	130,089	SH		SOLE		0	0	130,089
PUBLIC SERVICE ENTERPRISE GROU	COM	744573106	265	4,490	SH		SOLE		0	0	4,490
RAYTHEON COMPANY NEW	COM	755111507	242	1,100	SH		SOLE		0	0	1,100
SAUL CENTERS INC.	COM	804395101	368	6,978	SH		SOLE		0	0	6,978
SELECT SECTOR SPDR TR UTILITIE	COM	81369Y886	291	4,500	SH		SOLE		0	0	4,500
SMUCKER J.M. CO	COM	832696405	521	5,006	SH		SOLE		0	0	5,006
SOUTHERN COMPANY (THE)	COM	842587107	3,294	51,717	SH		SOLE		0	0	51,717
SPDR S&P 500 ETF	COM	78462F103	363	1,128	SH		SOLE		0	0	1,128
SYSCO CORPORATION	COM	871829107	1,511	17,667	SH		SOLE		0	0	17,667
T ROWE PRICE GROUP INC.	COM	74144T108	12,114	99,429	SH		SOLE		0	0	99,429
TARGET CORP	COM	87612E106	710	5,534	SH		SOLE		0	0	5,534
TEXAS INSTRUMENTS	COM	882508104	840	6,548	SH		SOLE		0	0	6,548
THE TJX COMPANIES	COM	872540109	244	4,000	SH		SOLE		0	0	4,000
THE TRAVELERS COS INC	COM	89417E109	565	4,127	SH		SOLE		0	0	4,127
THERMO FISHER SCIENTIFIC	COM	883556102	491	1,510	SH		SOLE		0	0	1,510
UDR INC	COM	902653104	960	20,549	SH		SOLE		0	0	20,549
UNILEVER	COM	904784709	276	4,800	SH		SOLE		0	0	4,800
UNION PACIFIC CORP	COM	907818108	6,532	36,128	SH		SOLE		0	0	36,128
UNITED HEALTHCARE CORP	COM	91324P102	7,138	24,281	SH		SOLE		0	0	24,281
UNITED TECHNOLOGIES CORP COM	COM	913017109	8,844	59,053	SH		SOLE		0	0	59,053
US BANCORP DEL (NEW)	COM	902973304	272	4,585	SH		SOLE		0	0	4,585
VANGUARD EMERGING MARKETS ETF	COM	922042858	778	17,499	SH		SOLE		0	0	17,499
VANGUARD FTSE DEVELOPED MARKET	COM	921943858	1,179	26,749	SH		SOLE		0	0	26,749
VANGUARD INFORMATION TECHNOLOG	COM	92204A702	51,130	208,823	SH		SOLE		0	0	208,823
VANGUARD MID CAP ETF	COM	922908629	6,157	34,554	SH		SOLE		0	0	34,554
VANGUARD REIT ETF	COM	922908553	660	7,110	SH		SOLE		0	0	7,110
VANGUARD S&P ETF	COM	922908363	991	3,350	SH		SOLE		0	0	3,350
VANGUARD SMALL CAP ETF	COM	922908751	4,575	27,618	SH		SOLE		0	0	27,618
VANGUARD TOTAL STOCK MARKET	COM	922908769	3,034	18,541	SH		SOLE		0	0	18,541
VERIZON COMMUNICATIONS	COM	92343V104	4,500	73,293	SH		SOLE		0	0	73,293
VISA INC CLASS A	COM	92826C839	12,240	65,139	SH		SOLE		0	0	65,139
VULCAN MATERIALS CO	COM	929160109	346	2,400	SH		SOLE		0	0	2,400
WAL-MART STORES INC	COM	931142103	593	4,987	SH		SOLE		0	0	4,987
WALGREENS BOOTS ALLIANCE, INC.	COM	931427108	3,852	65,335	SH		SOLE		0	0	65,335
WALT DISNEY COMPANY	COM	254687106	9,256	63,997	SH		SOLE		0	0	63,997
WASH REAL ESTATE INV TRUST S B	COM	939653101	2,476	84,855	SH		SOLE		0	0	84,855
WASTE CONNECTIONS INC	COM	94106B101	300	3,300	SH		SOLE		0	0	3,300
WEINGARTEN REALTY INVS S B I	COM	948741103	2,423	77,557	SH		SOLE		0	0	77,557
WELLS FARGO & CO. NEW	COM	949746101	5,961	110,801	SH		SOLE		0	0	110,801
WEYERHAEUSER CO	COM	962166104	318	10,539	SH		SOLE		0	0	10,539
WHITE MOUNTAINS INS.	COM	G9618E107	222	199	SH		SOLE		0	0	199
ZIMMER BIOMET HOLDINGS INC.	COM	98956P102	500	3,340	SH		SOLE		0	0	3,340