<ARTICLE>                     5
<LEGEND>
     THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED
     FROM THE CONSOLIDATED FINANCIAL STATEMENTS OF ALLIS-CHAlMERS
     AS OF AND FOR THE 9 MONTHS ENDED SEPTEMBER 30, 1998 AND IS
     QUALIFIED IN ITS' ENTIRETY BY REFERENCE TO SUCH FINANCIAL 
     STATEMENTS.
</LEGEND>
<MULTIPLIER>                                   1,000
       
                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                              DEC-31-1998
<PERIOD-START>                                 JAN-01-1998
<PERIOD-END>                                   SEP-30-1998
<CASH>                                         123
<SECURITIES>                                   303
<RECEIVABLES>                                  498
<ALLOWANCES>                                   21
<INVENTORY>                                    70
<CURRENT-ASSETS>                               1,108
<PP&E>                                         2,866
<DEPRECIATION>                                 1,582
<TOTAL-ASSETS>                                 2,392
<CURRENT-LIABILITIES>                          68,556
<BONDS>                                        250
<PREFERRED-MANDATORY>                          0
<PREFERRED>                                    0
<COMMON>                                       8,307
<OTHER-SE>                                     (75,671)
<TOTAL-LIABILITY-AND-EQUITY>                   (2,392)
<SALES>                                        0
<TOTAL-REVENUES>                               3,695
<CGS>                                          0
<TOTAL-COSTS>                                  2,624
<OTHER-EXPENSES>                               0
<LOSS-PROVISION>                               0
<INTEREST-EXPENSE>                             28
<INCOME-PRETAX>                                620
<INCOME-TAX>                                   0
<INCOME-CONTINUING>                            620
<DISCONTINUED>                                 0
<EXTRAORDINARY>                                0
<CHANGES>                                      0
<NET-INCOME>                                   620
<EPS-PRIMARY>                                  .62
<EPS-DILUTED>                                  .62