<ARTICLE> 5 <LEGEND> THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE FINANCIAL STATEMENTS CONTAINED IN ARNOLD INDUSTRIES, INC.'S FORM 10-Q FOR THE SIX MONTHS ENDED JUNE 30, 1997, AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> JUN-30-1997 <CASH> 29,032,204 <SECURITIES> 12,685,061 <RECEIVABLES> 38,746,842 <ALLOWANCES> 2,415,817 <INVENTORY> 0 <CURRENT-ASSETS> 90,505,686 <PP&E> 332,809,292 <DEPRECIATION> 132,612,485 <TOTAL-ASSETS> 310,083,408 <CURRENT-LIABILITIES> 53,617,637 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 29,942,628 <OTHER-SE> 178,097,325 <TOTAL-LIABILITY-AND-EQUITY> 310,083,408 <SALES> 0 <TOTAL-REVENUES> 187,879,966 <CGS> 0 <TOTAL-COSTS> 161,281,032 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 630,386 <INTEREST-EXPENSE> 651,199 <INCOME-PRETAX> 26,492,063 <INCOME-TAX> 9,660,658 <INCOME-CONTINUING> 16,831,405 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 16,831,405 <EPS-PRIMARY> .64 <EPS-DILUTED> .64