SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549



FORM 10 - Q


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



For the quarter ended September 30, 1999
Commission File No 0-2892


THE DEWEY ELECTRONICS CORPORATION


A New York Corporation
I.R.S. Employer Identification
	No. 13-1803974

27 Muller Road
Oakland, New Jersey 07436
(201) 337-4700




Indicate by check mark whether the 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 for such
shorter period that the 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 the registrant's common stock,
$.01 par value was 1,339,531 at September 30, 1999.



THE DEWEY ELECTRONICS CORPORATION


INDEX



Part I	Financial Information					Page No.

Item 1	Financial Statements					 1

		Condensed balance sheets -
			September 30, 1999 and June 30, 1999	 2

		Condensed statements of income -
			Three months ended September 30, 1999
			and September 30, 1998			 3

		Condensed Statements of cash flows for the
			three months
			ended September 30, 1999 and 1998	 4

		Notes to condensed financial statements		 5

		Management's Discussion and Analysis of
			Financial Condition and Results of
			Operations				 7


Part II		Other Information


Item 6.	Exhibits and Reports on Form 8-K				10




PART I:  FINANCIAL INFORMATION


Item 1.  FINANCIAL STATEMENTS


The following unaudited Condensed Statements of Operations,
Consolidated Balance Sheets and Statements of Cash Flows are of The
Dewey Electronics Corporation.  These reports reflect all adjustments
of a normal recurring nature which are, in the opinion of management,
necessary for a fair presentation of the results of operations for the
interim periods reflected therein.  The results reflected in the
unaudited Statements of Operations for the periods ended September 30,
1999 are not necessarily indicative of the results to be expected for
the entire year.  The following unaudited Condensed Financial
Statements should be read in conjunction with the notes thereto, and
Management's Discussion and Analysis of Financial Condition and
Results of Operations set forth in Item 2 of Part I of this report, as
well as the audited financial statements and related notes thereto
contained in the Form 10-K filed for the fiscal year ended June 30,
1999.




1


THE DEWEY ELECTRONICS CORPORATION
CONDENSED BALANCE SHEET
                         						SEPTEMBER 30,         	JUNE 30
						                             1999             			1999
                         						(UNAUDITED)         		(AUDITED)*

ASSETS:
CURRENT ASSETS:
  CASH		                    				$    369,370	       	$  288,859
  ACCOUNTS RECEIVABLE		        	   1,022,416       		 1,211,841
  INVENTORIES					                 1,105,162	       	 1,064,996
  CONTRACT COSTS & RELATED
    ESTIMATED PROFITS IN EXCESS
    OF APPLICABLE BILLINGS	   		   1,671,246	       	 1,819,008
PREPAID EXPENSES & OTHER CURRENT
    ASSETS					                       45,809		           28,375
  TOTAL CURRENT ASSETS	        		$ 4,214,003       		$4,413,079

PLANT PROPERTY & EQUIPMENT - (NET)	  866,551	      	    880,045

OTHER ASSETS:
  DEFERRED TAX ASSETS			             215,363	       	   348,308
  OTHER NON CURRENT ASSETS		         132,837       		   134,694
  TOTAL OTHER ASSETS			              348,200	       	   483,002

TOTAL ASSETS	                  			$5,428,754       		$5,776,126

LIABILITIES & STOCKHOLDERS' EQUITY:
CURRENT LIABILITIES:
  TRADE ACCOUNTS PAYABLE	      		$   314,485       		$  607,591
  ACCRUED LIABILITIES			             252,948		          284,533
  ACCRUED PENSION COSTS			           143,722		          152,722
  BILLINGS IN EXCESS OF CONTRACT
    COSTS & RELATED ESTIMATED
    PROFITS					                     701,608	      	    701,608
  CURRENT PORTION OF LONG TERM DEBT	  55,177		          254,056
    TOTAL CURRENT LIABILITIES   		$1,467,940	       	$2,000,510

LONG TERM DEBT		               		  2,151,463	      	  2,165,685

OTHER LONG TERM LIABILITY		           61,172		           61,172
DUE TO RELATED PARTY	          		$   200,000      		$   200,000

STOCKHOLDERS' EQUITY:
  COMMON STOCK, par value $.01;
    authorized 3,000,000 shares;
    issued and outstanding
    1,693,397 in 1999 and 1998			     16,934		           16,934
  PAID IN CAPITAL		             		 2,835,307        		2,835,307
  ACCUMULATED DEFICIT			            (783,965)      		  (983,385)
                            						 2,068,276        		1,868,856

LESS TREASURY STOCK 353,866 SHARES
   AT COST		                  			  ( 520,097)     		   (520,097)
  TOTAL STOCKHOLDERS' EQUITY    		$1,548,179       		$1,348,759

TOTAL LIABILITIES & STOCKHOLDERS'
   EQUITY		                    			$5,428,754       		$5,776,126

*CONDENSED FROM AUDITED FINANCIAL STATEMENTS
SEE NOTES TO CONDENSED FINANCIAL STATEMENTS
2

THE DEWEY ELECTRONICS CORPORATION
STATEMENTS OF OPERATIONS
(UNAUDITED)

                           						THREE MONTHS ENDED SEPTEMBER 30,
                               							1999        		1998

REVENUES	                     					$2,661,493    	$1,740,718

   COST OF REVENUES		          			  2,071,807   	  1,439,372

GROSS PROFIT					                	    589,686	       301,346

   SELLING & ADMIN EXPENSES		    	    200,784	       181,008

OPERATING PROFIT			             		    388,902	       120,338

   INTEREST (EXPENSE)		         		    (56,504)	      (54,340)

   OTHER (EXPENSE)/INCOME				             (33)	        5,250

INCOME BEFORE INCOME TAXES		     	    332,365	        71,248

INCOME TAX (EXPENSE)		          		   (132,945)	      (28,500)

NET INCOME		                  				$   199,420	       $42,748



INCOME PER SHARE BEFORE TAXES:
   BASIC	                        					$0.25         		$0.05
   DILUTED			                      			$0.25         		$0.05


NET INCOME PER SHARE
  BASIC		                        					$0.15         		$0.03
  DILUTED				                       		$0.15         		$0.03


WEIGHTED AVERAGE NUMBER OF SHARES
  OUTSTANDING
   BASIC	                     					1,339,531       	1,339,531
   DILUTED				                   		1,339,531       	1,339,531

SEE NOTES TO CONDENSED FINANCIAL STATEMENTS

3


THE DEWEY ELECTRONICS CORPORATION
CONDENSED STATEMENTS OF CASH FLOWS
(UNAUDITED)

                         						THREE MONTHS ENDED SEPTEMBER 30,
				                             			1999         		1998
CASH FLOWS FROM OPERATIONS:
  NET INCOME				                		$199,420      	$42,748

ADJUSTMENTS TO RECONCILE NET INCOME
  TO NET CASH PROVIDED BY OPERATING
  ACTIVITIES:
   DEPRECIATION	             				   34,706     	  36,564
   AMORTIZATION					                 1,857	        1,857
   DEFERRED TAXES				            	 132,945	    	  28,500
   DECREASE/(INCREASE) IN ACCOUNTS
     RECEIVABLE				              	 189,425	    	(372,581)
   (INCREASE)/DECREASE IN
     INVENTORIES	                	 (40,166)    	 (49,753)
   DECREASE IN CONTRACT COSTS AND
    RELATED ESTIMATED PROFITS IN EXCESS
    OF APPLICABLE BILLINGS				     147,762	    	 130,228
    (INCREASE) IN PREPAID EXPENSES
    AND OTHER CURRENT ASSETS			    (17,434)	     (10,982)
   (DECREASE)/INCREASE IN ACCOUNTS
    PAYABLE                      	(293,105)    	 166,986
   (DECREASE)/INCREASE IN ACCRUED
    EXPENSES	                      (40,586)	      45,323

   TOTAL ADJUSTMENTS	          			$115,404     	$(23,858)

NET CASH PROVIDED BY OPERATIONS 		$314,824     	$ 18,890

CASH FLOWS FROM INVESTING
   ACTIVITIES:
   EXPENDITURES FOR PLANT,
    PROPERTY AND EQUIPMENT				   	 (21,212)	      (6,678)

NET CASH USED IN INVESTING	     		$(21,212)    	$ (6,678)

CASH FLOWS FROM FINANCING
ACTIVITIES:
   PRINCIPAL PAYMENTS OF LONG
    TERM DEBT	                     (13,101)    	 (62,067)
  PRINCIPAL PAYMENT OF LINE OF
    CREDIT	                      	(200,000)	           0

NET CASH USED IN FINANCING	    		$(213,101)    	$(62,067)

NET INCREASE/(DECREASE) IN CASH	    80,511	      (49,855)

CASH AT BEGINNING OF PERIOD		  	   288,859     	 134,449

CASH AT END OF PERIOD	        			$ 369,370     	$ 84,594


SEE NOTES TO CONDENSED FINANCIAL STATEMENTS

4

THE DEWEY ELECTRONICS CORPORATION

NOTES TO CONDENSED FINANCIAL STATEMENTS

(UNAUDITED)


NOTE 1:	CASH AND CASH EQUIVALENTS

Cash and cash equivalents include cash on hand and on deposit in
banks.  The carrying amount of cash and cash equivalents approximates
fair value due to the short maturity of such investments.

NOTE 2:	FAIR VALUE OF FINANCIAL INSTRUMENTS

Due to short term nature of accounts receivable and accounts payable
their carrying value is a reasonable estimate of fair value.

NOTE 3:	INVENTORIES

Inventories are valued at lower of cost (first-in, first-out method)
or market.  Components of cost include materials, direct labor and
plant overhead.

As there is no segregation of inventories as to raw materials, work in
progress and finished goods for interim reporting periods (this
information is available at year end when physical inventories are
taken and recorded), estimates have been made for the interim period.

             					September 30, 1999	   June 30, 1999
				                 	(UNAUDITED)		       (AUDITED)

		Finished Goods    		$416,968          		$392,652
		Work In Process	   	$162,286	          	$146,075
		Raw Materials	     	$525,908          		$526,269
				                 	________          		________
				Total          	$1,105,162        		$1,064,996
			                 		=======	           	=======

NOTE 4:	USE OF ESTIMATES

The process of preparing financial statements in conformity with
Generally Accepted Accounting Principles requires the use of estimates
and assumptions regarding certain types of assets, liabilities,
revenues and expenses.  Such estimates primarily relate to unsettled
transactions and events as of the date of the financial statements.
Accordingly, upon settlement, actual results may differ from estimated
amounts.




5


THE DEWEY ELECTRONICS CORPORATION

NOTES TO CONDENSED FINANCIAL STATEMENTS

(UNAUDITED)


NOTE 5:	PLANT, PROPERTY AND EQUIPMENT

Plant, property and equipment are stated at cost.  Allowance for
depreciation and amortization is provided on a straight-line basis
over estimated useful lives of three to ten years for machinery and
equipment, ten years for furniture and fixtures, and twenty years for
building and improvements.

Whenever events indicate that the carrying values of Long-Lived assets
may not be recoverable, the Company evaluates the carrying values of
such assets using future undiscounted cash flows.  Management believes
that, as of September 30, 1999, the carrying values of such assets are
recoverable.

NOTE 6:	EARNINGS PER SHARE

The number of shares used in the computation of earnings per share was
1,339,531 in each of the three months ended September 30, 1999 and
1998.  Since the computation of diluted earnings per share is not
materially dilutive or anti-dilutive, the amounts reported for basic
and diluted earnings per share are the same.



6




THE DEWEY ELECTRONICS CORPORATION

MANAGEMENT'S DISCUSSION AND ANALYSIS OF
FINANCIAL CONDITION AND RESULTS OF OPERATIONS

The following discussion and analysis contains certain forward-looking
statements that should be read in conjunction with the Company's
report on Form 10-K for the fiscal year ended June 30, 1999 (including
the section captioned "Current Business Environment").  Reference is
made generally to the information contained in the Form 10-K.

Three months ended September 30, 1999 vs. 1998

Revenues for the first quarter this year were $2,661,493 which is an
increase of $920,775 compared to last year's revenues of $1,740,718.
This increase is the result of increased electronic product revenues.

Electronic product revenues increased by $944,760 (from $1,704,158
last year to $2,648,918 this year) as a result of continued production
under the Company's contract with the U.S. Army for diesel operated
tactical generator sets.  This contract accounted for 93% of the
electronic segment revenues.

Last year, because of engineering changes initiated by the Company and
approved by the U.S. Army, deliveries were rescheduled to begin in
November 1998 instead of March 1998.  As a result, production efforts
were also delayed causing lower revenue recognition.  Production
efforts have continued since that time.

The remaining 7% of electronic product revenues resulted from various
orders, more limited in scope and duration, that were generally for
replacement parts for previously supplied Department of Defense
equipment and other projects performed as a subcontractor.  A large
part of such other revenues continue to be attributable to the
Company's Pitometer Log Division, which manufactures speed and
distance measuring instrumentation for the U.S. Navy.

Last year, the tactical generator set project accounted for 89% of
electronic segment revenues and the remaining 11% were derived from
short term projects.

As of September 30, 1999, the aggregate value of the Company's backlog
of electronic products not previously recorded as revenues was
approximately $2.5 million.  It is estimated that all of this backlog
will be recognized as revenues during the June 30, 2000 fiscal year.

As of September 30, 1998, the aggregate value of the Company's backlog
of electronic products not previously recorded as revenues was
approximately $5 million.



7



In the leisure and recreation segment, revenues decreased by $23,985
compared to last year's revenues (from $36,560 to $12,575).  All of
the revenues in both first quarters were the result of the sales of
replacement parts.  Traditionally, the major portion of revenues in
this segment are recorded during the second quarter when snowmaking
machine sales are recorded.  The Company anticipates an improvement in
machine sales compared to last year.  The Company has not received any
orders for snowmaking machines for export this year and none last
year.

Operations resulted in an operating profit of $.29 per share compared
to a profit of $.09 per share last year.  Net earnings were $.15 per
share compared to earnings of $.03 per share during the same period
last year.

Liquidity and Capital Resources at September 30, 1999

The Company's working capital at September 30, 1999 was $2,746,062
compared to $2,412,568 at June 30, 1999.

The ratio of current assets to current liabilities was 2.87 to 1 at
September 30, 1999 and 2.21 to 1 at June 30, 1999.

For the three month period ended September 30, 1999, $314,824 was
provided by operating activities.  During the same period last year,
operating activities provided $18,890.

A decrease in 'accounts receivable' of $189,425 (due to collections)
and a decrease in 'contract costs and related estimated profits in
excess of applicable billings' of $147,762 (due to increased billings)
provided funds to reduce accounts payable by $293,105 and accrued
expenses by $40,586.

Management believes that the Company's anticipated cash flow from
operations, combined with its line of credit with Sovereign bank, will
be sufficient to support working capital requirements and capital
expenditures at their current or expected levels.  Capital
expenditures in the three month period were $21,212 as compared with
$6,678 in the comparable period last year.  The Company does not
anticipate any significant capital expenditures for the remainder of
this fiscal year.

Year 2000 Issue

The Year 2000 issue (the "Y2K") is the result of certain computerized
systems use of a two rather than four digit year (e.g., 95 vs, 1995).
As a result of the ambiguous century in such systems, the introduction
of twenty-first century dates (i.e., January 1, 2000) may cause
systems to function abnormally or not at all.  The Company has been
preparing for the impact of the Y2K problem on its business by testing
its own computer systems and by analyzing the possible impact of
computer system failures of its significant vendors.


8



As a prime contractor for the U.S. Government, the Company is required
to maintain precise records for job costing as well as provide timely
and accurate information.  It is subject to periodic audits by
government agencies of its systems and controls.  The Company has
never had any difficulty in meeting government requirements.  However,
Y2K problems could be detrimental to the Company or any other company
in this type of business.

The Company has reviewed its internal computer systems for Y2K
compliance by identifying and testing all of its internal systems.
All critical programs and systems have been analyzed and tested.  The
operational tests were successful and included the actual processing
applications under Y2K conditions.

In November 1996, the Company hired an outside service to upgrade
hardware and make modifications to its main software.  The cost of
these services was $5,085.  Further expenditures of this sort are not
anticipated.

Based on information obtained to date in the course of surveys of key
suppliers, the Company does not foresee any significant impact arising
from third party computer system failures.  However, the Company is
not able to identify all Y2K issues that may exist at supplier levels
and has not received sufficient information from all major third
parties to confirm their Year 2000 preparedness.  The Company's key
vendor is a foreign manufacturer that provides engines for the U.S.
Army tactical generator set project and is the Company's sole source
of supply of this particular component.  Such information as has been
received to date through the supplier's U.S. distributor does not
indicate that there will be a Y2K problem which could result in delay
of the Company's performance.

In this instance and in the case of other important suppliers, the
Company has been investigating other sources as well as the use of
other products and intends to continue contingency planning to
eliminate any material financial impact on the Company.



9




PART II - OTHER INFORMATION


Item 6.	Exhibits and Reports on Form 8-K
------------------------------------------------------------------


No reports on Form 8-K have been filed during the quarter ended
September 30, 1999.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of l934,
the registrant has duly caused this report to be signed on its behalf
by the undersigned thereunto duly authorized.

				THE DEWEY ELECTRONICS CORPORATION


NOVEMBER 11, 1999		__________/s/__________________
Date		           		Thom A. Velto, Treasurer
				               Principal Accounting Officer


NOVEMBER 11, 1999		__________/s/__________________
Date	           			Edward L. Proskey
				               Vice President, Operations


10