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                             September 26, 2022

       Max H. Mitchell
       President and Chief Executive Officer
       Crane Company
       100 First Stamford Place
       Stamford, CT 06902

                                                        Re: Crane Company
                                                            Draft Registration
Statement on Form 10-12B
                                                            Submitted August
30, 2022
                                                            CIK No. 0001944013

       Dear Mr. Mitchell:

              We have reviewed your draft registration statement and have the
following comments. In
       some of our comments, we may ask you to provide us with information so
we may better
       understand your disclosure.

              Please respond to this letter by providing the requested
information and either submitting
       an amended draft registration statement or publicly filing your
registration statement on
       EDGAR. If you do not believe our comments apply to your facts and
circumstances or do not
       believe an amendment is appropriate, please tell us why in your
response.

             After reviewing the information you provide in response to these
comments and your
       amended draft registration statement or filed registration statement, we
may have additional
       comments.

       Draft Registration Statement on Form 10-12B

       Exhibit 99.1 -- Information Statement
       Business Overview, page 3

   1.                                                   We note that your
disclosure appears to highlight the Crane Business System ("CBS"), for
                                                        instance by stating
that the CBS is leveraged as a driver of productivity, growth, and
                                                        operating margins, and
applied to acquisitions to optimize the portfolio and realize
                                                        synergies. Please
revise to include a concrete description of what constitutes the CBS and
                                                        to explain how the CBS
functions as stated. Provide sufficient information and
                                                        explanation to enable
stockholders to evaluate your disclosure regarding the CBS.
 Max H. Mitchell
FirstName LastNameMax H. Mitchell
Crane Company
Comapany 26,
September NameCrane
              2022    Company
September
Page 2    26, 2022 Page 2
FirstName LastName
Recent Developments, page 12

2.       Please revise your disclosure regarding the Redco sale to resolve
apparent
         inconsistencies with the Form 8-K filed by Crane Holdings, Co. on
August 15, 2022,
         which appears to identify you as the seller (and Crane Holdings as
guarantor). Disclose
         and quantify any ongoing indemnification obligations you have under
the Redco sale
         agreement. Additionally revise your disclosure to clarify whether you
are a party to the
         related 364-Day Credit Agreement, or will otherwise be subject to its
restrictive
         provisions following the spin-off.
Questions and Answers about the Separation and Distribution, page 20

3.       Please revise your Q&A to discuss the material consequences to
stockholders if Crane
         Holdings waives any conditions and proceeds with the spin-off. We note
that the list of
         closing conditions appears non-exclusive in light of the phrase,
"among others."
         Please revise to disclose all material conditions and to affirmatively
so state. Additionally
         revise the closing condition regarding effectiveness to refer to
automatic effectiveness
         pursuant to Section 12(d) of the Exchange Act.
4.       Please revise to address any material changes in stockholder rights
between the existing
         Crane Holdings' common stock and your common stock. If none, please
include an
         affirmative statement to that effect.
Forward-Looking Statements, page 49

5.       Please note that the safe harbor for forward-looking statements
provided by the
         Private Securities Litigation Reform Act of 1995 (PSLRA) applies to
issuers that are
         subject to the reporting requirements of Section 13(a) or Section
15(d) of the Securities
         Exchange Act of 1934 at the time the statements are made. Please
revise to remove the
         implication that the statements made in your registration statement
are within the protec-
         tion of the PSLRA or tell us why you believe that the safe harbor is
available to you.
United States Federal Income Tax Consequences of the Distribution, page 58

6.       We note your disclosure that the distribution is "intended to be" tax
free. Please provide
         disclosure explaining the facts or circumstances resulting in this
uncertainty and the
         degree of uncertainty. We further note that a condition to the
distribution is that Crane
         Holdings receive a tax opinion that the distribution will qualify as a
tax-free transaction.
         Disclose whether this condition can be waived and, if so, how you will
notify shareholders
         of the waiver of this condition.
Unaudited Pro Forma Condensed Combined Financial Statements
Note 1: Basis of Presentation, page 67

7.       Please expand the third paragraph to state that the Payment &
Merchandising
         Technologies segment is considered to be a component of Crane Holdings
that has
 Max H. Mitchell
FirstName LastNameMax H. Mitchell
Crane Company
Comapany 26,
September NameCrane
              2022    Company
September
Page 3    26, 2022 Page 3
FirstName LastName
         operations and cash flows that are clearly distinguished operationally
and for financial
         reporting purposes, from the rest of the entity. Disclose if the
disposal represents a
         strategic shift that has or will have a major effect on the entity's
operations and financial
         results. Refer to ASC 205-20-45-1B. Also, provide disclosure as to
whether the
         disposition will include any gain or loss and the amount thereof, and
where reflected in
         the statements of operations. Refer to ASC 205-20-45-3C and
205-20-50-1(b). Further,
         disclose information about any significant continuing involvement with
this discontinued
         operation after the disposal date pursuant to ASC 205-20-50-4A and 4B.
Description of Business, page 71

8.       Please revise your disclosure regarding employees and manufacturing
facilities on page 85
         to describe how this historic information relates to the registrant
(e.g., consistent with
         Human Capital Resources on page 87), clarify whether the number of
U.S. employees is
         included within the number of worldwide employees, and update the
disclosure as of a
         more recent date. Additionally revise your disclosure regarding
properties on page 88.
Intellectual Property, page 88

9.       Please revise to disclose the duration and effect of patents,
trademarks, and licenses held
         by the registrant, as required by Item 101(c)(1)(iii)(B) of Regulation
S-K.
Management's Discussion and Analysis of Financial Condition and Results of
Operations of
Crane, Liquidity and Capital Resources, page 105

10.      We note disclosure that your capital requirements are expected to be
met, in part, with
         Crane Holdings' commercial paper program and revolving credit
facility. Please revise to
         clarify the means by which such financing will be available to you and
to describe the
         relevant terms thereof. We further note disclosure on page 107
regarding credit ratings
         along with the statement, "We believe that these ratings afford us
adequate access to the
         public and private debt markets." Please revise to disclose whether
your credit ratings are
         expect to change following the spin-off and to clarify the
applicability of this statement to
         you or to Capital Holdings.
Management's Discussion and Analysis of Financial Condition and Results of
Operations of
Crane Company (Supplemental), page 115

11.      For your segmental results of operations discussion for Aerospace &
Electronics, Process
         Flow Technologies, and Engineered Materials that begin on page 122, we
note that you
         have omitted a discussion of the year 2020 as compared to 2019. Please
revise your filing
         to include this comparative discussion.
12.      Refer to your Non-GAAP Financial Measures discussion that begin on
page 126. In the
         fourth paragraph, please omit from the narrative and also from the
tabular presentation on
         page 128, the presentation for the years ended December 31, 2018 and
2017, as neither the
         audited or unaudited financial statements for these years are included
in the filing.
 Max H. Mitchell
Crane Company
September 26, 2022
Page 4
Certain Relationships and Related Party Transactions
Tax Matters Agreement, page 166

13.   Please revise to disclose the expected duration of the limitations you
will be subject to as a
      result of the Tax Matters Agreement. Please quantify the scope of the
indemnification
      obligations to Crane Holdings or otherwise supplement your disclosure to
provide
      stockholders with sufficient information to assess the materiality of
these obligations.
General

14.   Please file material contracts required by Item 601(b)(10) of Regulation
S-K as exhibits to
      your registration statement, including those to be assigned to you or to
which you will
      otherwise succeed following the spin-off. Include, without limitation,
the Redco sale
      agreement and material financing agreements.
       You may contact Beverly Singleton at 202-551-3328 or Ernest Greene at
202-551-3733 if
you have questions regarding comments on the financial statements and related
matters. Please
contact Jennifer Angelini at 202-551-3047 or Jay Ingram at 202-551-3397 with
any other
questions.



                                                             Sincerely,
FirstName LastNameMax H. Mitchell
                                                             Division of
Corporation Finance
Comapany NameCrane Company
                                                             Office of
Manufacturing
September 26, 2022 Page 4
cc:       Ann Beth Stebbins
FirstName LastName