<ARTICLE> 5
<LEGEND>  
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
UNAUDITED CONSOLIDATED BALANCE SHEET AS OF MARCH 31, 1995 AND THE UNAUDITED 
STATEMENT OF INCOME FOR THE THREE MONTHS THEN ENDED CONTAINED IN THE REPORT ON 
FORM 10-Q FOR THE THREE MONTHS ENDED MARCH 31, 1995 OF SQUARE INDUSTRIES, INC. 
AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-END>                               MAR-31-1995
<CASH>                                       1,945,000
<SECURITIES>                                         0
<RECEIVABLES>                                  560,000
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                             5,275,000
<PP&E>                                      25,038,000
<DEPRECIATION>                                       0
<TOTAL-ASSETS>                              34,209,000
<CURRENT-LIABILITIES>                        8,216,000
<BONDS>                                              0
<COMMON>                                        12,000
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<OTHER-SE>                                   4,471,000
<TOTAL-LIABILITY-AND-EQUITY>                34,209,000
<SALES>                                              0
<TOTAL-REVENUES>                            16,291,000
<CGS>                                                0
<TOTAL-COSTS>                               13,687,000
<OTHER-EXPENSES>                             1,864,000
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                             488,000
<INCOME-PRETAX>                                252,000
<INCOME-TAX>                                   146,000
<INCOME-CONTINUING>                            106,000
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                   106,000
<EPS-PRIMARY>                                      .09
<EPS-DILUTED>                                      .09