UNITED STATES
                          SECURITIES AND EXCHANGE COMMISSION
                               Washington, D.C.  20549

                                      FORM 10-Q

          (Mark One)
          (X)       Quarterly Report Pursuant Section 13 or 15(d)
                        of the Securities Exchange Act of 1934

          For Quarter Ended: June 30, 1999

                                          OR

          ()        TRANSITION REPORT PURSUANT TO SECTION 13 OR
                     15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

          For the transition period from             to


          Commission File: 0-8447

                                      DOL RESOURCES, INC.
                (Exact Name of Registrant as specified in its Charter)

                   Wyoming                             82-0219465
          (State of other Jurisdiction              (I.R.S. Employer
           of Incorporation or Organization)         Identification No.)


                13636 Neutron Road, Dallas, Texas                 75244
            (Address of Principal Executive Offices)           (Zip Code)


          Registrant's Telephone Number (Area code (214) 661 5869)


          Indicate  by  check mark  whether  Registrant (1)  has  filed all
          reports  required to  be  filed by  Section  13 or  15(d) of  the
          Securities  Exchange Act of  1934 during the  preceding 12 months
          (or such shorter period that Registrant was required to file such
          reports   and  (2) has been subject  to such filing  requirements
          for the past 90 days   YES:    X     NO:

          The  number of shares outstanding of each of the Issuer's Classes
          of Common  Stock, as of the  close of the period  covered by this
          report:

          Common - $0.01 Par Value - 25,000,000 shares as of June 30, 1999.

<PAGE>

                                 DOL RESOURCES, INC.

              Index to Form 10-Q for Fiscal Quarter ended June 30, 1999



                                                               Page No.
          PART 1 -  Financial Information

          Condensed Unaudited Balance Sheet, June 30, 1999
                and December 31, 1998                              3 - 4

          Condensed Unaudited Statement of Income,
                Six Months ended June 30, 1999 and 1998            5

          Condensed Unaudited Statement of Shareholder's
                Equity Six Months ended June 30,  1999 and 1998     6


          Condensed Unaudited Statement of Changes in
                Financial Position Six-Months Ended
                  June 30, 1999 and 1998                           6 - 7

          Summary of Significant Accounting Policies and
                Notes to Condensed Unaudited Financial Statements  8- 10

          Management's Discussion and Analysis of Condensed
                Financial Condition and Results of Operations       11

          PART 11 - Other Information

                Item 6(b) - Exhibits and Reports on Form 8-K        12

                Signature Pursuant to General Instruction E         12

          All other items  called for  by the instructions  are omitted  as
          they  are  inapplicable,  not  required, or  the  information  is
          included in the condensed financial statements or notes thereto.

                                        -2-
<PAGE>
                                 DOL RESOURCES, Inc.
                                    BALANCE SHEET

                                     (Unaudited)

                                        ASSETS
                                                  June 30      Dec. 31
                                                    1999          1998
          CURRENT ASSETS

          Cash                                   $   -0-           870

          Marketable securities, at
            lower or aggregate cost
            or market                              400,000       1,924
          Trade accounts receivable,
            less allowance for doubtful
            accounts of $1,711, in 1998.
            (Note 1)                                  -0-        22,927
          Due from related parties-Note 3             -0-       426,115
          Prepaid Expenses                            -0-          -0-

               Total Current Assets                400,000      451,836

          PROPERTIES - Using full costing-
             Note 1
             Production payment                    100,000      100,000
             Exploration, acquisition &
               development, cost, net of
               allowance for reduction of
               oil & gas assets of $137,083
               in 1985                           2,057,927    1,649,985
                     Total cost                  2,157,927    1,749,985

          Less accumulated depletion             1,343,567    1,338,297
                                                   814,360      411,688
          AUTOMOBILES, FURNITURE & FIXTURES
            At cost - Note 1

               Furniture and fixtures                  -0-        6,476

               Less accumulated deprecation            -0-        5,828
                 Net Furniture and Fixtures            -0-          648

          OTHER ASSETS
            Undeveloped coal royalties-                -0-       10,155
            Other accounts receivable-                 -0-       57,012

                Total Other Assets                     -0-       67,168

          TOTAL ASSETS                           1,214,360      931.340

                                        -3-
<PAGE>
                                 DOL Resources, Inc.

                                    BALANCE SHEET

                                               June 30, 1999  December 31,
                                                     1999        1998

          CURRENT LIABILITIES
             Notes payable - Note 2                    -0-      408,000
             Accounts payable                          -0-       30,737
             Accrued expenses                          -0-         -0-
               Total current liabilities               -0-      438,737


          LONG-TERM LIABILITIES
             Accounts Payable                          -0-      330,472
               Total Long-Term Liabilities             -0-      330,472


          STOCKHOLDERS' EQUITY
               Capital Stock, common,
               $.01 par value:
               Authorized 25,000,000 shares
               issued and outstanding
               20,783,529 shares at 12-31-98
               and 25,000,000 shares at 6-30-99     250,000     207,835
               Capital in excess of
                  par value                       2,526,770   1,501,618
                  Accumulated deficit            (1,562,410) (1,546,947)
              Treasury Stock                     (    -0- ) (       375)
                                                  1,214,360     162,131

                                     TOTAL        1,214,360     931,340

                                        -4-
<PAGE>
                                 DOL RESOURCES, INC.
                       CONDENSED UNAUDITED STATEMENT OF INCOME

                                             3 Months     6 Months
                                             Ended         Ended
                                             6-30-99    6-30-99   6-30-98
          Operating Revenue:
             Oil and Gas Sales                9,024        15,495   28,095
             Interest and other income        1,948         3,896    3,896

                          Total              10,972        19,391   31,991

          Operating Expenses:
             Depletion,depreciation
               and amortization               2,797         5,594    8,530

             General and administrative       1,665         2,715      145
             Interest                         6,900        13,650   13,655
             Consulting & Mgmt Fees             -0-          -0-       -0-
             Production Taxes                   968         1,654    3,051
             Lease Operating Expense          6,510        11,241   10,015
             Lease Rentals                      -0-          -0-       -0-


                Total Operating Expenses     18,858        34,854   35,396

          Net Income (Loss) before income
              taxes                          (7,886)      (15,463)  (3,405)
          Provision for income taxes
          (note 4)                            -0-            -0-      -0-
          Net Income (Loss)                  (7,886)      (15,463)  (3,405)



          Weighted Average Number of Common
            Shares  Outstanding            22,114,169  21,392,712  20,671,254

          Earnings (Loss) for Common Share $(.00036)  $(.00072)   $(.00016)

          The accompany notes are an integral part of this statement.

                                        (5)
<PAGE>
                                 DOL RESOURCES, INC.
                CONDENSED UNAUDITED STATEMENT OF STOCKHOLDER'S equity
                    Six Months ended June 30, 1998 and 1999

                   Capital Stock    Capital in
                   Number  of       Excess  of        Accumulated  Treasury
                    Shares       Amount   Par Value      Deficit     Stock

     Balance at
     1/1/99       20,783,529     207,835  1,501,618    (1,546,947)  (  375)
     Net Income        -0-         -0-        -0-      (   15,463)     -0-
     Treas. Stock
      Cancelled                              (  375)                   375
     ELGT Stock
      Exchange    4,216,471       42,165    357,835
     Parent Con-
      tribution                             667,692

     Balance at
     6/30/99     25,000,000      250,000  2,526,770    (1,562,410)     -0-

     Balance at
     1/1/98      20,671,254      206,713  1,502,741    (1,478,977)  (  375)
     Net Income      -0-            -0-       -0-           3,405      -0-

     Balance at
     6/30/98     20,671,254      206,713  1,502,741    (1,482,382)  (  375)

                                       (6)
<PAGE>
                            CONDENSED UNAUDITED STATEMENT
                           OF CHANGES IN FINANCIAL POSITION
                                                  Six Months Ended:
                                            June 30,1999    June 30, 1998
          Financial Resources Provided
            By Operations:
            Net Income                         (15,463)       (3,405)
            Items not requiring outlay
            of working Capital:
               Depletion, Deprec. and
               Amortization                      5,594          8.530
          Working Capital provided by
            operations                         ( 9,869)         5,125
          Increase in Properties              (407,619)         3,500
          Reduction in other Assets             67,168          3,009
          Increase in long term debt              -0-             -0-

               Total Resources                (350,320)        11,634

          Financial Resources Applied to:
            Retirement of long-term debt      (330,472)        (3,525)
          Increase in common stock              42,165
          Increase in contributed stock      1,025,528             -0-
          Net Increase (Decrease) in
           Working Capital                     386,901          8,109
          Working Capital at begin of period    13,099         66,381

          Working Capital at end of period     400,000         74,490

                                        (7)
<PAGE>
                            NOTES TO FINANCIAL STATEMENTS

          NOTE 1.   Summary of Significant Accounting Policies

                    Organization and Operations
                    The Company was organized on November 6, 1973 under the
                    laws of the State of Wyoming.  Its primary activities
                    have been the acquisition of interests in various oil
                    and gas properties, coal properties (Note 8) and
                    exploration for oil and gas.

                    Allowance for Bad Debts:
                    Accounts receivable from participants in oil
                    and gas exploration are estimated to be at
                    least 90% collectible, consequently a 10%
                    allowance for bad debts has been established
                    against those receivables.  Receivables from
                    the sale of oil and gas are fully collectible,
                    as accruals are based primarily on collection
                    of oil and gas sales subsequent to year-end.

                    Properties:
                    The Company uses the full cost method of
                    accounting for oil and gas acquisition,
                    exploration and development costs.  The Company
                    has operations only within the continental
                    United States and consequently has only one cost center.

                    All costs associated with property
                    acquisition, exploration and development
                    activities are capitalized within the cost
                    center.  No costs related to production, general
                    corporate overhead or similar activities are
                    capitalized.

                    Capitalized costs within the cost center are
                    amortized on the units-of-production basis
                    using proved oil and gas reserves.  The
                    carrying value of capitalized cost is limited
                    to the sum of (A) the present value of future
                    net revenues from estimated production of
                    proved oil and gas reserves, plus (B) the cost
                    of properties not being amortized, plus
                    the lower cost or estimated fair value of
                    unproved properties included in the costs
                    being amortized less (D) income tax effects
                    related to differences between book and tax
                    basis of the properties involved.  For the
                    year ended December 31, 1985, total
                    capitalized costs exceeded the cost center
                    ceiling by $137,083.  The excess was expense
                    to current operations.

                                     (8)
<PAGE>
                                  DOL RESOURCES, INC
                        NOTES TO FINANCIAL STATEMENTS (CONT.)

          NOTE 1:   Sales and abandonments of oil and gas properties are
                    accounted for as adjustment of capitalized costs, with
                    no gain or loss recognized.

                    Drilling in progress is included in the cost center
                    with depletion being calculated on all costs with
                    cost center.

                    Earnings per Common Share

                    Earnings per common share were computed by
                    dividing the net loss by the weighted average
                    number of common shares outstanding during the
                    year.


          NOTE 2.   Notes Payable

                    Notes payable consist of the following:


                   Monthly     Interest    Due Within      Due After
                   Installment Rate          One Year      One Year

                   1998
                   Note 1 due 7-14-99       $408,000          $  -0-

                   Gateway National Bank. Interest only payable
                   monthly at 6.64% per annum over a year of 360 days.
                   This note was assumed by the parent corp. On 6-30-99.

          NOTE 3.  Related Party Transactions

                    The Company ended 1998 with accounts receivable from
                    Glauber Management Corp. (the parent company) of
                    $344,615.The balance of this account on June 30, 1999
                    was $337,122 and was included in assumption of assets
                    and liabilities agreement with the parent dated 6-30-99.

          NOTE 4.  Income Taxes

                   The Company as of December 31, 1998 had a net operating
                   income loss carryover for income tax purposes of
                   approximately $740,000.   The carryover is available
                   to offset taxable income of future years and expires as
                   follows:

                                             (9)
<PAGE>
                                  DOL RESOURCES, INC
                        NOTES TO FINANCIAL STATEMENTS (CONT.)

                                     1998    241,000
                                     1999     14,000
                                     2000    109,000
                                     2001     40,000
                                     2002     48,000
                                     2003      3,000
                                     2004     34,000
                                     2007     14,000
                                     2008     19,000
                                     2009      1,000
                                     2011    217,000
                                             740,000

                  The Company also had approximately $1,300 of
                  investment tax credits available for carryover against
                  future federal income tax liabilities.

                  For financial reporting purposes, the net operating
                  loss has been used to offset prior deferred income
                  taxes.  To the extend that the net operating loss
                  carryovers are utilized for income tax purposes in
                  future  years,  the deferred  income taxes  eliminated to
                  give credits related to timing differences of the current
                  year not recorded, will be reinstated.

                  Because of timing differences related principally to
                  intangible drilling costs, cumulative losses for income
                  tax reporting purposes exceed those reported by
                  approximately $576,000.  Because of the uncertainly as
                  to realization, no future tax benefits are  recognized
                  at  December 31, 1998.

                                        (10)
<PAGE>
                     MANAGEMENT'S DISCUSSION AND ANALYSIS OF THE
                       CONDENSED UNAUDITED STATEMENT OF INCOME


               The  following is  Management's  discussion and  analysis of
          certain  significant factors  which have  affected the  Company's
          earnings during the period included in the accompanying Condensed
          Unaudited Statement of Income.

               A summary of the  period to period changes in  the principal
          items included  in the Condensed Unaudited Statement of Income is
          as shown below:
                                                Six Months
                                                ending June 30,
                                                1999 and 1998

          Net Sales                               (12,600)
          Interest and Other Income                   -0-
          General and Administrative                2,570
          Depletion, Depreciation
            and Amortization                      ( 2,936)
          Consulting & Management Fees                -0-
          Interest Expense                        (     5)
          Net Income (Loss)                       (12,058)

              Oil  and gas sales decreased  as compared to  the same period
          last year  due to a  decrease   in the price  per BBL of  oil and
          normal decline in production.

             The recurring cash  flow for the first six months  of 1999 was
          approximately  $4,300  per  month.    General and  Administrative
          expenses  increased due  to the  legal fees  and transfer  fees.
          Interest expense remained the same as the previous year.

              Management  expects a slow upward trend in oil and gas prices
          to continue.  This would not only increase revenues and cash flow
          but  would enhance  our ability  to raise  much needed  funds for
          drilling  additional wells.  It is the opinion of management that
          a  minimum of $25.00  per Bbl. oil  is needed in  order to expand
          operations and replace depleted reserves.  Meanwhile a continuing
          effort  is being  made to  increase production,  and consequently
          revenues   by   seeking   out   and   negotiating   joint-venture
          recompletion projects where positive reserve information exists.

               Management   has   been   seeking   out    possible   merger
          opportunities.  There have been several negotiations with private
          companies desiring to go public.  In preparation for an impending
          merger Glauber  Management, (Parent)  by an agreement  dated June
          30,  1999  assumed all  liabilities  and selected  assets  of the
          company in exchange for contributed capital.  Also,  Oklahoma oil
          properties held by the Parent were contributed to the Company.

                                   (11)
<PAGE>
             Review of Independent Public Accountants:

               The  information contained  in  substantially all  financial
          statements  accompanying this  report were  supplied  by internal
          accountant of registrant.  Although such statements have not been
          reviewed  by registrant's  certified public  accountant they  are
          available for review.


                                  Office Information

             No reports  on Form  8-K  were filed  by  the Company  in  the
          quarter for which this report is filed.


                                      SIGNATURES

             Pursuant to the requirements of the Securities Exchange Act of
          1934, Registrant has duly caused this  report to be signed on its
          behalf by the undersigned there unto duly authorized.

                                    DOL RESOURCES, INC.


                                    /s/  Fred M. Updegraff
                                    Fred M. Updegraff
                                    Vice President, Treasurer and
                                    Principal Accounting Officer

          Date: July 12, 1999

                                   (12)
<PAGE>