<ARTICLE> 5
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
CONSOLIDATED FINANCIAL STATEMENTS OF ALLIS-CHALMERS CORPORATION AS OF AND FOR
THE QUARTER ENDED SEPTEMBER 30, 1995 AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS
</LEGEND>
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-START>                             JAN-01-1995
<PERIOD-END>                               SEP-30-1995
<CASH>                                             154
<SECURITIES>                                     1,725
<RECEIVABLES>                                    1,087
<ALLOWANCES>                                         0<F1>
<INVENTORY>                                        186
<CURRENT-ASSETS>                                 3,453
<PP&E>                                           2,168
<DEPRECIATION>                                   1,259
<TOTAL-ASSETS>                                   4,372
<CURRENT-LIABILITIES>                            3,230
<BONDS>                                            341
<COMMON>                                         8,307
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<OTHER-SE>                                    (16,400)
<TOTAL-LIABILITY-AND-EQUITY>                   (4,372)
<SALES>                                              0
<TOTAL-REVENUES>                                 2,392
<CGS>                                                0
<TOTAL-COSTS>                                    1,774
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                  35
<INCOME-PRETAX>                                (1,194)
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                            (1,194)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                   (1,194)
<EPS-PRIMARY>                                   (1.18)
<EPS-DILUTED>                                   (1.18)
<FN>
<F1>The Company reports account receivable net of allowances for doubtful
accounts.
</FN>