Form 1O-Q



                  SECURITIES AND EXCHANGE COMMISSION

                        Washington, D.C. 20549



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


                 For the Quarter Ended March 31, 1999


                       Commission File No. 0-1392


            Central Coal & Coke Corporation and Subsidiaries
        Incorporated in State of Delaware IRS Number:  44-0195290
                      127 West 10th Street, Room 666
                        Kansas City, Missouri 64105



                            Phone:  816-842-2430



              Common stock outstanding as of March 31, 1999
                      $1 par value; 355,000 shares



The Registrant (l) has filed all reports required to be filed by 
Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding twelve months, and (2) has been subject to such
filing requirements for the past ninety days.

                            Yes [X]     No [ ]

 
<PAGE>



               CENTRAL COAL & COKE CORPORATION AND SUBSIDIARIES
                             KANSAS CITY, MISSOURI

                               Table of Contents


PART I - FINANCIAL INFORMATION

        Item 1. Financial Statements:

           Consolidated Balance Sheets - March 31, 1999 and
             December 31, 1998
               
           Consolidated Statements of Earnings and Retained Earnings
             - Three months ended March 31, 1999 and 1998
           
           Consolidated Statements of Comprehensive Income
             - Three months ended March 31, 1999 and 1998
           
           Consolidated Statements of Cash Flows - Three months
             ended March 31, 1999 and 1998
                  
           Notes to Consolidated Financial Statements

        Item 2. Management's Discussion and Analysis of Financial
          Condition and Results of Operations

        Item 3. Quantitative and Qualitative Disclosures About
          Market Risk

PART II - OTHER INFORMATION

        Item 1. Legal Proceedings

        Item 2. Changes in Securities

        Item 3. Defaults Upon Senior Securities

        Item 4. Submission of Matters to a Vote of Security Holders

        Item 5. Other Information

        Item 6. Exhibits and Reports on Form 8-K

SIGNATURES

<PAGE>  
<TABLE>

PART I - FINANCIAL INFORMATION                  ITEM 1.  FINANCIAL STATEMENTS

CENTRAL COAL & COKE CORPORATION AND SUBSIDIARIES
KANSAS CITY, MISSOURI

Consolidated Balance Sheets

March 31, 1999 and December 31, 1998
(Unaudited)

(amounts in unit dollars)
<CAPTION>
ASSETS                                             1999          1998
                                                   __________    __________
<S>                                                <C>           <C>
Current assets:
  Cash and cash equivalents                    $    1,663,430     1,606,992
  Accounts receivable                                       0        22,500
  Securities maturing within one year, at
   amortized cost (note 2) (fair value
   $7,405,355 and $7,476,560 at March 31,
   1999 and December 31, 1998)                      7,406,140     7,474,053
Notes receivable, current                              14,508        12,465
Income tax receivable                                  32,505        32,505
Other                                                  10,145         4,578
                                                   __________    __________
Total current assets                                9,126,728     9,153,093

Equity securities, at fair value (note 2)           1,321,381     1,220,167
Notes receivable, noncurrent                          109,677       115,409  

Coal deposits, real estate, equipment and
 leasehold improvements:
  Coal deposits                                     1,602,882     1,602,882
  Mineral rights                                       39,988        39,988
  Surface land                                         26,131        26,131
  Equipment and leasehold improvements                  6,053         6,053     
                                                   __________    __________
                                                    1,675,054     1,675,054
  Less accumulated depletion, depreciation
   and amortization                                   580,666       580,636
                                                   __________    __________
Net coal deposits, real estate, equipment
 and leasehold improvements                         1,094,388     1,094,418
                                                   __________    __________
                                               $   11,652,174    11,583,087
</TABLE>
<TABLE>

<CAPTION>
LIABILITIES AND STOCKHOLDERS' EQUITY
<S>                                                <C>           <C>
Current liabilities:
  Accounts payable and accrued expenses        $       30,229        25,967
  Deferred oil lease bonus                             73,018        97,357     
  Federal and state income taxes                          670             0  
                                                   __________    __________
Total current liabilities                             103,917       123,324

Deferred income taxes                                 225,362       188,772

Stockholders' equity:
  Common stock of $1 par value; authorized
   500,000 shares, issued 376,688 shares              376,688       376,688
  Additional capital                                1,631,200     1,631,200
  Retained earnings                                 9,606,634     9,591,919
                                                   __________    __________
                                                   11,614,522    11,599,807

  Less cost of 21,688 shares in 1999 and     
   and 20,693 in 1998 held in treasury              (648,398)     (617,632)
  Accumulated other comprehensive income,
   net of deferred taxes of $192,107 
   and $155,517 at March 31, 1999
   December 31, 1998                                  356,771       288,816
                                                   __________    __________
Total stockholders' equity                         11,322,895    11,270,991

                                               $   11,652,174    11,583,087
<FN>
See accompanying notes to consolidated financial statements.
</TABLE>

<PAGE>
<TABLE>


CENTRAL COAL & COKE CORPORATION AND SUBSIDIARIES
KANSAS CITY, MISSOURI

Consolidated Statements of Earnings

Three months ended March 31, 1999 and 1998
(Unaudited)


(amounts in unit dollars)
<CAPTION>
                                                 1999           1998
                                                 __________     __________
<S>                                              <C>            <C>
Operating revenue:
  Coal royalties                              $       2,417          2,493
  Oil and gas royalties                              61,408        172,456
  Oil and other mineral lease 
   rentals and bonuses                               32,376         28,434         
                                                 __________     __________
   Total operating revenue                           96,201        203,383  

General and administrative expenses                 193,697         95,030
                                                 __________     __________
   
   Operating income (loss)                         (97,496)        108,353
                                                 ___________    __________
Nonoperating income:
  Investment income                                 112,876        140,640
  Gain on sales of real estate                            0         36,897
  Other                                                   5             37
                                                 __________     __________
   Total nonoperating income                        112,881        177,574

   Earnings from continuing 
    operations before income taxes                   15,385        285,927

Income taxes                                            670         95,994
                                                 __________     __________
   Earnings from continuing operations               14,715        189,933

Discontinued operations, net of 
 income taxes (note 3)                                    0       (24,492)
                                                  _________      _________

   Net earnings                                      14,715        165,441
                                                 
Retained earnings at 
 beginning of period                              9,591,919      9,252,798
Deduct cash dividends declared 
 of $.50 per share in 1998                                0      (178,298)
                                                  _________      _________

Retained earnings at end 
 of period                                    $   9,606,634      9,239,941
                                                                             
Earnings per share from 
 continuing operations -
 basic and diluted                            $        0.04           0.53

Loss per share for 
 discontinued operations -
 basic and diluted                            $           0         (0.07)

Earnings per share - basic 
 and diluted                                  $        0.04           0.46

Weighted average number 
 of shares of common
 stock outstanding                                   355,716        365,595

<FN>
See accompanying notes to consolidated financial statements.
</TABLE>

<PAGE>   
<TABLE>


CENTRAL COAL & COKE CORPORATION AND SUBSIDIARIES
KANSAS CITY, MISSOURI

Consolidated Statements of Comprehensive Income

Three months ended March 31, 1999 and 1998


(amounts in unit dollars)
<CAPTION>
                                   1999        1998          
                                   ___________  ___________  
<S>                                <C>          <C>           

Net earnings                   $        14,715     165,441      
                                   ___________  ___________  

Other comprehensive income:
 Net unrealized appreciation
  of investments during the
  period, net of income taxes
  of $38,070 and $32,020                70,702      59,467       
 Reclassification adjustment
  for the amounts included in
  net earnings, net of income
  taxes of $1,480 and $7,334           (2,747)    (13,621)      
                                   ___________  ___________  

                                        67,955      45,846


    Comprehensive income                82,670     211,287      


<FN>
See accompanying notes to consolidated financial statements.
</TABLE>

<PAGE>
<TABLE>


CENTRAL COAL & COKE CORPORATION AND SUBSIDIARIES
KANSAS CITY, MISSOURI

Consolidated Statements of Cash Flows

Three months ended March 31, 1999 and 1998
(Unaudited)


(amounts in unit dollars)
<CAPTION>
                                                   1999          1998
                                                   __________    __________
<S>                                                <C>           <C>
Cash flows from operating activities:
  Net earnings                                 $       14,715       165,441

  Adjustments to reconcile net earnings to net
   cash provided by operating activities:
      Depletion, depreciation and amortization             30        16,839
      Amortization of premiums and discounts
       of securities, net                            (89,360)     (102,222)
      Gain on sales of real estate                          0      (36,897)   
      Gain on sales of equity securities              (4,227)      (20,955)
      Changes in assets and liabilities:
        Accounts receivable, income taxes 
         receivable and other assets                   16,933        19,276
        Deferred oil lease bonus                     (24,339)       170,374
        Accounts payable and accrued expenses           4,262        12,238
        Federal and state income taxes payable            670        63,550
                                                   __________    __________
  Total adjustments                                  (96,031)       122,203

Net cash provided by (used in) operating activities  (81,316)       287,644

Cash flows from investing activities:
  Proceeds from note receivable                         3,689             0
  Proceeds from matured/called investment
   debt securities                                 11,500,000     7,500,000
  Purchases of investment debt securities        (11,342,727)   (7,393,617)
  Proceeds from sales of land                               0        37,567
  Purchases of equity securities                      (1,099)      (27,567)
  Proceeds from sales of equity securities              8,657        51,119
                                                   __________    __________
   Net cash provided by investing activities          168,520       167,502

Cash flows from financing activities-purchase
 of common stock for treasury                        (30,766)             0        

   Net increase in cash and cash equivalents           56,438       455,146

Cash and cash equivalents, beginning of year        1,606,992     1,493,966

Cash and cash equivalents, end of year         $    1,663,430     1,949,112
<FN>
See accompanying notes to consolidated financial statements.
</TABLE>
<PAGE>



CENTRAL COAL & COKE CORPORATION AND SUBSIDIARIES
KANSAS CITY, MISSOURI

Notes to Consolidated Financial Statements

March 31, 1999


Note (1) Basis of Presentation:

     In the opinion of the Central Coal & Coke Corporation (the 
Company), the accompanying unaudited consolidated financial statements 
contain all adjustments (consisting of only normal recurring accruals) 
necessary to present fairly the financial position as of March 31, 1999, 
and the results of operations and cash flows for the three months ended 
March 31, 1999 and 1998.

Oil Lease Bonuses

     Oil lease bonuses which relate to future periods are deferred and
recognized as income over the related future periods (generally one
year).

Note (2) Investment Securities:

     The amortized cost, gross unrealized holding gains, gross
unrealized holding losses and fair value for held-to-maturity and
available-for-sale securities by major security type at March 31, 1999
and December 31, 1998 are as follows:


<TABLE>
<CAPTION>

                                    March 31, 1999
                        ______________________________________________

                                    Gross       Gross
                                    unrealized  unrealized
                        Amortized   holding     holding     Fair
                        cost        gains       losses      value
                        __________  __________  __________  __________
<S>                     <C>         <C>         <C>         <C>
Held-to-maturity:
  U. S. government
   securities         $  7,406,140           0       (785)   7,405,355

Available-for-sale:
  Equity securities   $    772,503     617,820    (68,942)   1,321,381
</TABLE>

<TABLE>
<CAPTION>
                                     December 31, 1998
                        ______________________________________________
<S>                     <C>         <C>         <C>         <C>
Held-to-maturity:
  U. S. government
   agency securities  $  7,474,053       2,507           0   7,476,560

Available-for-sale:
  Equity securities   $    775,834     525,664    (81,331)   1,220,167
</TABLE>

<PAGE>


CENTRAL COAL & COKE CORPORATION AND SUBSIDIARIES
KANSAS CITY, MISSOURI

Notes to Consolidated Financial Statements


Note (3) Segment/Discontinued Operations Information

     The Company has operated in two segments - energy and food. On 
September 1, 1998, the Company sold its remaining food operations and, as 
a result, the accompanying 1998 consolidated financial statements have 
been reclassified to present the food operations as discontinued operations.
The Company now operates in only one segment, the energy segment, which
consists of the leasing of real properties and mineral interests in the
midwestern and southern United States to operating leasees. The Company has
no foreign revenues.  

     The loss from the Company's discontinued food business is comprised 
of the following for the three months ended March 31, 1998:

                                      

<TABLE>
<CAPTION>
                                            
                                                                  
<S>                           <C>
Revenues                    $   207,620        
Cost of food sales               81,298        
                              _________      

    Gross margin                126,322        

Food operations expense:
  Salaries and wages             61,970         
  Occupancy expense              24,089                  
  Depreciation and
   amortization expense          14,007            
  Utility expense                 8,398           
  Other expenses                 54,729          
                              _________     
                                163,193     

    Loss from food operations
     before income taxes       (36,871)   

Income tax benefit               12,379     

    Loss from food
     Operations             $  (24,492)   
</TABLE>


<PAGE>



ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF
FINANCIAL CONDITION AND RESULTS OF OPERATIONS


     There was no significant change in the financial condition of the
Registrant during the first quarter of 1999 from the end of the last 
fiscal year, and it continues very strong. The liquidity of the Registrant 
continues to be high. 

     Operating revenue was down substantially in the first quarter of 1999
from the first quarter of 1998 due primarily to reduced revenue from oil 
and gas royalties. The reason for reduced revenue from that source was 
lower oil prices than in the prior year and somewhat reduced production. 
The reduced revenue from that source was somewhat offset by a slight 
increase in revenue from oil and other mineral lease rentals and bonuses
which resulted from more new leases with income recognizable in the current
quarter.

     As to nonoperating income, revenue from investment income was 
down approximately 20% in the first quarter of 1999 from the first quarter
of 1998. This was due primarily to more capital gains realized on sales
of equities during the first quarter of 1998 than the current quarter,
and slightly lower rates of return on temporary fixed income investments 
during the current quarter. Additionally, in the category of nonoperating
income, gain on sales of real estate decreased simply because there were 
no sales of surface land during the current quarter.

     General and administrative expenses were up substantially in the 
first quarter of 1999 over the first quarter of 1998. This increase was
attributable primarily to significant fees paid to outside service 
providers during the first quarter of 1999, particularly to financial 
advisers and appraisers of the Registrant's real estate and mineral 
assets.

     Income taxes were lower in the first quarter of 1999 than in the 
first quarter of 1998 as a result of decreased earnings before income 
taxes.

     The accompanying consolidated statement of earnings shows a loss 
from discontinued operations, net of income taxes, in the first quarter
of 1998 and no gain or loss from that category in the first quarter of
1999. Losses from that source resulted during prior periods from the 
operation of Beekman's Deli Systems, Limited Liability Company, a limited 
liability company in which the Registrant is a majority member 
(hereinafter "Beekman's"). Beekman's operated fast food and delicatessen 
facilities in four different locations throughout the country, however,
sales and profitability of this operation were disappointing and all of
the operations were terminated by September 1, 1998, and Beekman's now
has no active operations. As described in more detail in note 3 to the 
accompanying consolidated financial statements, as a result of the 
operations of Beekman's during the first quarter of 1998, a loss was 
incurred, however, since the operations were terminated later in the
year 1998, there were no activities in 1999 and thus no income or loss
during that later year.

     Cash flows increased in the first quarter of 1999 and the first 
quarter of 1998, but the increase was significantly greater in the first
quarter of 1998. The most significant components of the changes between 
the periods were materially lower net earnings in the first quarter of 
1999 than in the first quarter of 1998, and decreased deferred oil lease
bonuses in the current period. Other items contributing materially to 
the change in cash flows during the periods under comparison include 
differences in federal and state income tax liabilities, differences
in the amount of proceeds from matured/called investment debt securities,
which were reinvested, and the timing of purchases and sales of equity 
securities during the respective periods, and purchases of treasury 
stock during the current period.

     During the first quarter of 1999, the Registrant's Board of Directors
considered the declaration of the semiannual dividend, but deferred the 
decision until the Board meeting held on April 21, 1999, at which time a 
cash dividend of $.50 per share was declared payable June 30, 1999 to 
stockholders of record as of June 1, 1999. A dividend of the same amount 
was paid on May 1, 1998.

<PAGE>


ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF
FINANCIAL CONDITION AND RESULTS OF OPERATIONS, Continued


     On January 1, 1998 the Registrant adopted Statement of Financial 
Accounting Standards (SFAS) No. 130, Reporting Comprehensive Income, 
which established standards for reporting and presentation of comprehensive 
income and its components in a full set of financial statements. The 
application of this statement is shown in the consolidated statements 
of comprehensive income in the accompanying consolidated financial 
statements. The application of this requirement only requires additional 
disclosures and does not affect the Registrant's financial position or 
results of operations.

     SFAS No. 133, Accounting for Derivative Instruments and Hedging 
Activities, was issued by the Financial Accounting Standards Board in 
June 1998. SFAS No. 133 standardizes the accounting for derivative instruments.
Under the statement, entities are required to carry all derivative instruments 
in the statement of financial position at fair value. The Registrant must
adopt SFAS No. 133 by January 1, 2000, however, early adoption is permitted. 
On adoption, the provisions of SFAS No. 133 must be applied prospectively. 
The Registrant anticipates that the adoption of SFAS No. 133 will not have 
a material impact on its financial position or results of operations.

     As the year 2000 approaches, issues have emerged regarding how existing
computer application software programs and operating systems can accommodate 
this date because certain computer programs being utilized use two digits 
rather than four digits to define the applicable year. As a result, it
is possible that computer programs that have date-sensitive software may
recognize a date using "00" as the year 1900 rather than the year 2000, which, 
in turn, could result in system failure or miscalculation causing disruption 
of the business of the Registrant or its suppliers and customers. Management 
of the Registrant is confident that its state of readiness with respect
to this matter is high. The Registrant utilizes only one stand-alone personal 
computer in the administration of its business operations and internal 
accounting, and it is not anticipated that any significant modifications
or upgrades will be necessary to its existing computer hardware or 
software. However, the cost to address the Registrant's own year 2000 
issues would not be material, even if it would become necessary to replace
the entire hardware and software currently utilized, as this could be done 
for less than $5,000, However, the Registrant has relationships with
third parties that utilize computer systems that may not be year 2000 
compliant. Thus, there is a possible risk that to the extent such third-party
systems are not fully year 2000 compliant, there could be potential 
systems interruption causing disruptions in operations of such third parties
which, in turn, could effect normal business activities of the Registrant. 
Given the nature of the Registrant's business activities, management does
not anticipate that there will be any such potential systems interruptions
of operation or business prospects. The foregoing may constitute "forward 
looking statements" about matters that are inherently difficult to predict.
These statements include statements regarding the intent, belief, or
current expectations of the Registrant and its management. Some of the 
important factors that effect these statements have been described above,
but such forward looking statements involve risks and uncertainties that
may possibly affect future developments, such as the ability to deal with
year 2000 problems experienced by third parties with whom the Registrant
does business and over which it has no control. If modifications and 
conversions required by third parties to make their computer systems year 
2000 compliant are not made or are not completed on a timely basis, the 
resulting problems could have a material impact on the operations of the
Registrant even though not presently anticipated. The Registrant has not, 
to date, implemented a year 2000 Contingency Plan. As reported above, it 
is not anticipated that compliance will create any systems interruptions or
material costs to the Registrant. If conditions develop as a result of 
failure of third parties to be year 2000 compliant on a timely basis, 
the Registrant may hereafter need to develop a Contingency Plan, such as 
changing third parties with whom it does business, but that is not 
currently contemplated.

     The Registrant has no specific commitment for material capital 
expenditures at the present time. Management continues to actively 
pursue other business opportunities which will result in a more productive 
deployment of its assets and ultimately increase earnings. Management 
continues to aggressively pursue development of increased income from its
oil and gas and coal properties and continues to attempt to lease more of
its mineral properties in order to generate additional rental, bonus, 
and royalty income.

<PAGE>

ITEM 3. - QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

     The primary market risk exposures of the Registrant relate to changes
in interest rates, changes in equity security prices, and changes in certain
commodity prices.

     The Registrant's exposure to market risk for changes in interest rates
relates solely to its fixed income investment portfolio which consists of
U. S. government agency securities. All such securities are held-to-maturity
and have original maturities of less than one year. The Registrant does not
use derivative financial instruments to hedge interest rates on its fixed
income investment securities.

     The Registrant's exposure to market risk for changes in equity security
prices relates solely to its marketable equity investment portfolio which 
consists principally of common stocks of domestic publicly-held enterprises.
The Registrant periodically enters into equity option contracts on a limited
basis principally relating to marketable equity securities held in its
investment portfolio. At March 31, 1999, the Registrant held four option 
contracts with a short position relating principally to marketable equity 
securities held by it. The fair value of option contracts at March 31, 1999 
was approximately $12,300.

     The Registrant's exposure to market risk for changes in commodity prices 
relates to changes in the prices of coal, oil, and natural gas and the effect
thereof on its royalties and rentals relating to coal deposits and mineral
rights, as is discussed in more detail in Management's Discussion and Analysis
of Financial Condition and Results of Operations set forth in Part 1, 
Item 2 of this report. The Registrant does not use derivative commodity
instruments to hedge its commodity risk exposures.

<PAGE>

PART II - OTHER INFORMATION


Item 1.   Legal Proceedings - None

Item 2.   Changes in Securities - None

Item 3.   Defaults Upon Senior Securities - None

Item 4.   Submission of Matters to a Vote of Security Holders - Attached

Item 5.   Other Information - None

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



<PAGE>



PART II, ITEM 4. - SUBMISSION OF MATTERS TO A
VOTE OF SECURITY HOLDERS

     The following meeting of stockholders was held after the close of 
the quarter to which this report pertains, however, it was held prior to 
the filing of this report so disclosure is made as hereinafter set forth.

     (a) The annual meeting of stockholders was held April 21, 1999.

     (b) The meeting involved the election of Directors and the following 
         are the Directors elected at that meeting:

                        Ray Infantino
                        Patrick J. Moran
                        James Ukropina
                        Phelps C. Wood
                        Phelps M. Wood

         There were no other Directors whose term of office as a Director
         continued after the meeting. At a subsequent Board of Directors 
         meeting, the Bylaws of the Registrant were amended to increase 
         the number of Directors to seven. Bruce Franke and Beekman Winthrop
         were elected to fill the vacancies created by the increase in number 
         of Directors. Mr. Franke accepted election as a Director and 
         Mr. Winthrop is considering the election as a Director and will
         subsequently accept such election or decline it.

     (c) For the election of Directors, the votes received by all nominees 
         were as follows:

                        Leonard Noah              155,792 
                        Gary J. Pennington        155,792 
                        Beekman Winthrop          155,793
                        Phelps M. Wood            327,063
                        Ernest N. Yarnevich, Jr.  155,792 
                        Ray Infantino             171,270 
                        Patrick J. Moran          171,270 
                        James Ukropina            171,270
                        Phelps C. Wood            171,270	

         Thus, the five nominees receiving the highest number of votes and 
         therefore elected were as follows:

                        Ray Infantino
                        Patrick J. Moran
                        James Ukropina                        
                        Phelps C. Wood
                        Phelps M. Wood

         Cumulative voting is not permitted.

         At the same meeting, the stockholders approved the appointment of 
         the accounting firm of KPMG LLP as independent public accountants
         to examine the financial statements of the Registrant for the year 
         ending December 31, 1999 and to perform other appropriate accounting 
         services.

     (d) There were no settlements between the Registrant and any other 
         participants with respect to matters voted on by the stockholders at 
         such meeting.


<PAGE> 


PART II, ITEM 6. - EXHIBITS AND REPORTS ON FORM 8-K


     (b) A Form 8-K, dated April 27, 1999, was filed with respect to the 
         election of Directors disclosed in Item 4 above that occurred on 
         April 21, 1999. No financial statements were included in such report.



<PAGE>



SIGNATURES


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

  CENTRAL COAL & COKE CORPORATION
           (Registrant)


Date:   May 13, 1999
        ____________________________

By:     /s/ Gary J. Pennington
        ____________________________

            Gary J. Pennington,
            Assistant Secretary-
         General Manager, Principal
      Financial and Accounting Officer



Date:   May 13, 1999
        ____________________________

By:     /s/ Phelps M. Wood
        ____________________________
	
            Phelps M. Wood,
            President