<ARTICLE>                     5
<LEGEND>
     THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
     CONSOLIDATED BALANCE SHEETS AND THE CONSOLIDATED STATEMENTS OF OPERATIONS
     OF ALTEX INDUSTRIES, INC. FOR THE QUARTER ENDED 03/31/99, AND IS QUALIFIED
     IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
       
                                            
<PERIOD-TYPE>                                  3-MOS
<FISCAL-YEAR-END>                              SEP-30-1999
<PERIOD-END>                                   MAR-31-1999
<CASH>                                         1,644,000
<SECURITIES>                                   0
<RECEIVABLES>                                  79,000
<ALLOWANCES>                                   0
<INVENTORY>                                    0
<CURRENT-ASSETS>                               1,725,000
<PP&E>                                         2,210,000
<DEPRECIATION>                                 2,103,000
<TOTAL-ASSETS>                                 1,866,000
<CURRENT-LIABILITIES>                          78,000
<BONDS>                                        0
<PREFERRED-MANDATORY>                          0
<PREFERRED>                                    0
<COMMON>                                       158,000
<OTHER-SE>                                     1,630,000
<TOTAL-LIABILITY-AND-EQUITY>                   1,866,000
<SALES>                                        107,000
<TOTAL-REVENUES>                               131,000
<CGS>                                          0
<TOTAL-COSTS>                                  176,000
<OTHER-EXPENSES>                               0
<LOSS-PROVISION>                               0
<INTEREST-EXPENSE>                             0
<INCOME-PRETAX>                                (45,000)
<INCOME-TAX>                                   0
<INCOME-CONTINUING>                            (45,000)
<DISCONTINUED>                                 0
<EXTRAORDINARY>                                0
<CHANGES>                                      0
<NET-INCOME>                                   (45,000)
<EPS-PRIMARY>                                  0.00
<EPS-DILUTED>                                  0.00