<ARTICLE> 5 <MULTIPLIER> 1 <CURRENCY> U.S. DOLLARS <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-START> JAN-01-1996 <PERIOD-END> MAR-31-1996 <EXCHANGE-RATE> 1 <CASH> 238,698 <SECURITIES> 0 <RECEIVABLES> 8,408,601 <ALLOWANCES> 152,777 <INVENTORY> 4,373,791 <CURRENT-ASSETS> 14,399,579 <PP&E> 65,270,140 <DEPRECIATION> 25,078,096 <TOTAL-ASSETS> 55,581,408 <CURRENT-LIABILITIES> 12,458,092 <BONDS> 21,759,594 <PREFERRED-MANDATORY> 0 <PREFERRED> 4,577,000 <COMMON> 5,000 <OTHER-SE> 11,646,680 <TOTAL-LIABILITY-AND-EQUITY> 55,581,408 <SALES> 6,186,275 <TOTAL-REVENUES> 19,692,768 <CGS> 1,874,537 <TOTAL-COSTS> 15,436,346 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 94,290 <INTEREST-EXPENSE> 514,197 <INCOME-PRETAX> 3,742,225 <INCOME-TAX> 1,403,900 <INCOME-CONTINUING> 2,338,325 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 2,338,325 <EPS-PRIMARY> 454.85 <EPS-DILUTED> 454.85