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 June 30, 1998


                     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 June 30, 1998
                      $1 par value; 356,595 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 - June 30, 1998 and
             December 31, 1997
               
           Consolidated Statements of Earnings and Retained Earnings
             - Six and three months ended June 30, 1998 and 1997

           Consolidated Statements of Cash Flows - Six months
             ended June 30, 1998 and 1997
                  
           Notes to Consolidated Financial Statements

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

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

June 30, 1998 and December 31, 1997
(Unaudited)


(amounts in unit dollars)
<CAPTION>
ASSETS                                          1998         1997
                                                __________   __________
<S>                                             <C>          <C>
Current assets:
  Cash and cash equivalents                   $  1,693,442    1,493,966
  Accounts receivable                                    0       22,500
  Securities maturing within one year,
   at amortized cost (note 2) (fair value
   $7,441,300 and $7,443,950 at June 30, 1998
   and December 31, 1997)                        7,443,100    7,443,948
  Other                                             48,320       46,382
                                                __________   __________
Total current assets                             9,184,862    9,006,796

Equity securities, at fair value (note 2)        1,043,490      828,797

Coal deposits, real estate, equipment
 and leasehold improvements:
  Coal deposits                                  1,602,882    1,602,882
  Mineral rights                                    39,988       39,988
  Surface land                                      27,437       28,115
  Equipment and leasehold improvements             300,894      284,373
                                                __________   __________
                                                 1,971,201    1,955,358
  Less accumulated depletion, depreciation
     and amortization                              819,783      785,537
                                                __________   __________
     Net coal deposits, real estate,
      equipment and leasehold improvements       1,151,418    1,169,821

                                                __________   __________
                                              $ 11,379,770   11,005,414
</TABLE>
<TABLE>

<CAPTION>
LIABILITIES AND STOCKHOLDERS' EQUITY
<S>                                             <C>          <C>
Current liabilities:
  Accounts payable and accrued expenses       $     51,275       16,962
  Deferred oil lease bonus                         146,035            0
  Federal and state income taxes                    38,742       26,520
                                                __________   __________
Total current liabilities                          236,052       43,482

Deferred income taxes                               94,811       69,840
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                              9,363,238    9,252,798
                                                __________   __________
                                                11,371,126   11,260,686

  Less cost of 20,093 shares held in treasury      599,032      599,032
  Net unrealized appreciation of investments 
   available-for-sale, net of deferred taxes 
   of $149,053 and $124,082 at June 30, 1998 
   and December 31, 1997                           276,813      230,438
                                                __________   __________
Total stockholders' equity                      11,048,907   10,892,092
                                                __________   __________
                                              $ 11,379,770   11,005,414
<FN>
See accompanying notes to consolidated financial statements.
</TABLE>

<PAGE>
<TABLE>


CENTRAL COAL & COKE CORPORATION AND SUBSIDIARIES
KANSAS CITY, MISSOURI

Consolidated Statements of Earnings and Retained Earnings

Six months ended June 30, 1998 and 1997 and
three months ended June 30, 1998 and 1997
(Unaudited)


(amounts in unit dollars)
<CAPTION>
                                  Six months ended    Three months ended
                                      June 30,             June 30,
                                   1998      1997       1998      1997
                                _________ _________  _________ _________
<S>                             <C>       <C>        <C>       <C>
Operating revenue:
  Coal royalties              $    27,898    27,421     25,405    25,856
  Oil and gas royalties           289,223   492,974    116,767   185,265
  Oil and other mineral lease 
   rentals and bonuses             66,043   117,279     37,609    37,083
  Food sales                      394,915   497,539    187,295   238,543
                                _________ _________  _________ _________
    Total operating revenue       778,079 1,135,213    367,076   486,747

Operating expenses:
  Cost of food sales              156,834   203,195     75,536    99,402
  Food operations                 322,550   380,335    159,357   171,274
  General and administrative
   expenses                       166,953   216,246     71,923    84,545
                                _________ _________  _________ _________
    Total operating expenses      646,337   799,776    306,816   355,221

    Operating income              131,742   335,437     60,260   131,526

Nonoperating income:
  Investment income               265,027   257,082    124,387   133,335
  Gain on sale of real estate      37,189       785        292         0
  Other                               452     2,561        415     2,515
                                _________ _________  _________ _________
    Total nonoperating income     302,668   260,428    125,094   135,850

    Earnings before income 
     taxes                        434,410   595,865    185,354   267,376

Income taxes                      145,672   196,829     62,057    90,037
                                _________ _________  _________ _________
    Net earnings                  288,738   399,036    123,297   177,339

Retained earnings at 
 beginning of period            9,252,798 9,014,238  9,239,941 9,053,251
Deduct cash dividends declared
 of $.50 per share in 1998
 and 1997                       (178,298) (182,684)          0         0
                                _________ _________  _________ _________
Retained earnings at end 
 of period                    $ 9,363,238 9,230,590  9,363,238 9,230,590

Earnings per share-
   basic and diluted          $      0.81      1.09       0.35      0.48

Weighted average number 
 of shares of common 
 stock outstanding                356,595   365,056    356,595   364,750

<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

Six months ended June 30, 1998 and 1997
(Unaudited)


(amounts in unit dollars)
<CAPTION>
                                                   1998         1997
                                                __________   __________
<S>                                             <C>          <C>
Cash flows from operating activities:
  Net earnings                                $    288,738      399,036

  Adjustments to reconcile net earnings to
   net cash provided by operating activities:
    Depletion, depreciation 
       and amortization                             34,246       33,949
    Amortization of premiums and
     discounts of securities, net                (202,037)    (197,587)
    Gain on sale of real estate                   (37,189)        (785)
    Gain on sale of equity securities             (26,580)     (28,596)
    Changes in assets and liabilities:
      Accounts receivable                           22,500       22,500
      Other assets                                 (1,938)     (40,818)
      Deferred oil lease bonus                     146,035     (74,166)
      Accounts payable and accrued expenses         34,313       15,138
      Federal and state income taxes                12,222            0
                                                __________   __________
   Total adjustments                              (18,428)    (270,365)
   Net cash provided by operating activities       270,310      128,671

Cash flows from investing activities: 
  Capital expenditures                            (16,521)            0
  Proceeds from matured/called investment
   debt securities                              15,000,000   11,500,000
  Purchases of investment debt securities     (14,797,115) (11,335,278)
  Proceeds from sale of land                        37,867          801
  Purchases of equity securities                 (170,331)     (89,672)
  Proceeds from sales of equity 
   securities                                       53,564      149,176
                                                __________   __________
   Net cash provided by
    investing activities                           107,464      225,027

Cash flows from financing activities:
  Purchase of treasury stock                             0     (51,425)
  Payment of dividends                           (178,298)    (182,684)
                                                __________   __________
   Net cash used in financing activities         (178,298)    (234,109)

   Net increase in cash and 
    cash equivalents                               199,476      119,589

Cash and cash equivalents, 
 beginning of year                               1,493,966    1,342,955
Cash and cash equivalents,
 end of period                                $  1,693,442    1,462,544

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



CENTRAL COAL & COKE CORPORATION AND SUBSIDIARIES
KANSAS CITY, MISSOURI

Notes to Consolidated Financial Statements

June 30, 1998


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 June 30, 1998, 
and the results of operations and cash flows for the three months ended 
June 30, 1998 and 1997.

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).

Reporting Comprehensive Income

     The Company adopted Statement of Financial Accounting Standards No. 
130, Reporting Comprehensive Income, on January 1, 1998.  This statement 
requires the reporting of comprehensive income and its components.  
Comprehensive income is defined as the change in equity from transactions 
and other events and circumstances from nonowner sources, and excludes 
investments by and distributions to owners.  Comprehensive income includes 
net income and other items of comprehensive income meeting the above 
criteria.  The Company's only component of other comprehensive income is 
the unrealized holding gains and losses on available-for-sale securities,
net of related deferred income taxes.

<TABLE>
<CAPTION>
                                       Six months         Three months
                                     ended June 30,      ended June 30,
                                    1998      1997      1998      1997
                                   ________  ________  ________  ________
<S>                                <C>       <C>       <C>       <C>     
Net earnings                     $  288,738   399,036   123,297   177,339
Other comprehensive income           46,375    70,405       529    76,611
                                   ________  ________  ________  ________
Comprehensive income             $  335,113   469,441   123,826   253,950
</TABLE>

<PAGE>



CENTRAL COAL & COKE CORPORATION AND SUBSIDIARIES
KANSAS CITY, MISSOURI

Notes to Consolidated Financial Statements


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 June 30, 1998
and December 31, 1997 are as follows:


<TABLE>
<CAPTION>
                                    Gross       Gross
                                    unrealized  unrealized
                        Amortized   holding     holding     Fair
June 30, 1998           cost        gains       losses      value
__________________      __________  __________  __________  __________
<S>                     <C>         <C>         <C>         <C>
Held-to-maturity:
  U. S. government
   securities         $  7,443,100           0     (1,800)   7,441,300

Available-for-sale:
  Equity securities   $    617,624     457,581    (31,715)   1,043,490
</TABLE>

<TABLE>
<CAPTION>
December 31, 1997
_________________
<S>                     <C>         <C>         <C>         <C>
Held-to-maturity:
  U. S. government
   securities         $  7,443,948         113       (111)   7,443,950

Available-for-sale:
  Equity securities   $    474,277     388,761    (34,241)     828,797
</TABLE>

Note (3) Food Operations

     Food operations of the Company's fast food bagel and delicatessen 
business include the following expenses for the six months and three 
months ended June 30, 1998 and 1997:

<TABLE>
<CAPTION>
                              Six months              Three months
                            ended June 30,           ended June 30,
                           1998        1997         1998        1997
                        __________  __________   __________  __________
<S>                     <C>         <C>          <C>         <C>
Salaries and wages    $    122,459     156,855       60,489      74,053
Occupancy expense           45,886      60,403       21,797      23,065
Depreciation expense        28,014      27,723       14,007      12,588
Utility expense             17,291      18,153        8,893       9,428
Other expenses             108,900     117,201       54,171      52,140
                        __________  __________   __________  __________
                      $    322,550     380,335      159,357     171,274

</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 six months of 1998 from the end of the 
last fiscal year, and it continues very strong.  The liquidity of the 
Registrant continues to be high.

Revenue from oil and gas royalties decreased substantially in the 
first six months of 1998 from the first six months of 1997 and also 
in the second quarter of 1998 from the second quarter of 1997.  The 
decreases in the current periods were due to low oil prices and 
reduced production.  Revenue from oil and other mineral lease rentals 
and bonuses was down substantially in the first six months of 1998 
from the first six months of 1997 while there was a slight increase 
in the second quarter of 1998 over the second quarter of 1997.  The 
decrease in the six-month period was due to fewer new leases being 
made with income recognizable in the current period.

Revenue from food sales decreased approximately 21% in the first six 
months of 1998 from the first six months of 1997 and by approximately 
the same percentage in the second quarter of 1998 from the second 
quarter of 1997.  Revenue from this source results 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 operates fast food bagel and 
delicatessen facilities, and sales were down at all locations during 
the current periods.  Also, there were fewer facilities in operation 
in the 1998 periods than the same periods for the previous year, with 
facilities being operated during the first six months of 1998 in 
Athens, Ohio; Columbus, Ohio; and State College, Pennsylvania.  A 
fourth facility which previously had been operated in an area of San 
Diego, California, known as Pacific Beach, was closed at the end of 
March, 1997, because of disappointing sales.  Effective July 1, 1998, 
the facility at State College, Pennsylvania was closed and the 
premises subleased to another party. 

Revenue from investment income was up slightly in the first six 
months of 1998 over the first six months of 1997 while being down 
somewhat in the second quarter of 1998 from the second quarter of 
1997.  These fluctuations are basically due to variations in rate of 
return on temporary fixed income investments and somewhat lower 
capital gains income in the second quarter of 1998.

Revenue from gain on sales of real estate was higher in the first six 
months of 1998 over the first six months of 1997 due to more surface 
land being sold in the current period than in the previous period 
under comparison.  

Included in operating expenses are cost of food sales and food 
operations.  Cost of food sales decreased approximately 23% in the 
first six months of 1998 from the first six months of 1997 and also 
decreased approximately 24% in the second quarter of 1998 from the 
second quarter of 1997.  Cost of food sales is directly related to 
food sales made which, as explained above, decreased in the first six 
months of 1998 from the first six months of 1997 and in the second 
quarter of 1998 from the second quarter of 1997.  Expenses 
categorized as food operations were also down in the first six months 
of 1998 from the first six months of 1997 because of lower sales and 
fewer facilities being operated in the current period as explained 
above.  Also, as has been discussed in previous reports, there have 
been recent increases in the federal minimum wage.  Beekman's employs 
a number of workers at the prevailing minimum wage, and thus is 
experiencing somewhat increased labor expense which has been 
partially offset by price increases which result in nominal overall 
impact on the results of operations.  

General and administrative expenses where down approximately 23% in 
the first six months of 1998 from the first six months of 1997 and 
down also in the second quarter of 1998 from the second quarter of 
1997 due primarily to reduced payments to outside service providers, 
particularly in connection with the operation of the bagel and 
delicatessen business.  Also, state franchise tax expense which is a 
component of this expense item was lower in 1998 than in 1997.

Income taxes were lower in the 1998 periods than in the 1997 periods 
as a result of decreased earnings before income taxes.
<PAGE>


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


In 1997, the Financial Accounting Standards Board issued Statement 
No. 130, Reporting Comprehensive Income, effective for the period 
beginning January 1, 1998.  The effect of the application of this 
statement is explained in note 1 to the accompanying consolidated 
financial statements.

Cash flows increased in the first six months of 1998 and also in the 
first six months of 1997, but the increase was significantly greater 
in the first six months of 1998.  Significant components of the 
increase of net cash provided by operating activities in the current 
period over the prior period include the increase of liabilities for 
deferred oil lease bonuses and an increase in accrued accounts 
payable.  Net cash provided by investing activities decreased in the 
current period primarily because of differences in the amounts 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.  Also net cash used in 
financing activities decreased in the current period as there were 
treasury stock purchases during the 1997 period and no such purchases 
during the 1998 period. 

During the first quarter of 1998, the Company's Board of Directors 
declared a cash dividend of $.50 per share which was paid on May 1, 
1998.  A dividend in the same amount was paid on May 1, 1997.

As the year 2000 approaches, issues have emerged regarding how 
existing application software programs and operating systems can 
accommodate this date.  Based on information currently available, 
management does not anticipate that the Registrant will incur 
significant operating expenses or be required to incur material costs 
to be Year 2000 compliant.  In addition, the Registrant has 
relationships with third-parties that have computer systems that may 
not be Year 2000 compliant.  To the extent the Registrant's or such 
third-parties' system are not fully Year 2000 compliant, there can be 
no assurance that potential systems interruptions or the cost 
necessary to update software would not have a material adverse effect 
on the Registrant's business, financial condition, results of 
operation or business prospects, but given the nature of the 
Registrant's activities, this is not anticipated. 

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.

Statement of Financial Accounting Standards No. 133, Accounting for 
Derivative Instruments and Hedging Activities (Statement 133), was 
issued by Financial Accounting Standards board in June 1998.  
Statement 133 standardizes the accounting for derivative instruments.  
Under the standard, entities are required to carry all derivative 
instruments in the statement of financial position at fair value.  
The Company must adopt Statement 133 by January 1, 2000; however, 
early adoption is permitted.  On adoption, the provisions of 
Statement 133 must be applied prospectively.  The Company anticipates 
that the adoption of Statement 133 will not have a materiel impact in 
the Company's financial statements.

<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 - None

Item 5.   Other Information - Attached

Item 6.   Exhibits and Reports on Form 8-K - None

<PAGE>


ITEM 5.  OTHER INFORMATION


The proxy statement sent to stockholders on March 18, 1998, with 
respect to the annual meeting of stockholders which was held April 
15, 1998, included information concerning stockholder proposals which 
stated that for a stockholder proposal to be included in the proxy 
materials for next year's annual meeting, it must be received at the 
Registrant's principal office in Kansas City, Missouri on or before 
November 18, 1998.  The Registrant's proxy has, in the past, 
contained and is expected to contain in the future, authority for the 
named proxies to vote in their discretion on other business that may 
properly come before the meeting.  Recent amendments to Securities 
and Exchange Commission Rule 14a-4, provide that if a stockholder 
wishes to present a proposal at the annual meeting and the Registrant 
does not have notice of the proposal at least forty-five days before 
the date on which the Registrant first mailed its proxy materials for 
the prior year's annual meeting, that the proxy may confer 
discretionary authority to vote on such proposal.  Accordingly, if a 
proposal is to be submitted by a stockholder for consideration at the 
annual meeting to be held in 1999, and the Registrant does not 
receive notice of such proposal by February 1, 1999, the Registrant's 
proxy for that meeting may confer discretionary authority to vote on 
such proposal.

<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:   August 13, 1998
        ____________________________

By:     /s/ Gary J. Pennington
        ____________________________

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



Date:   August 13, 1998

        ____________________________

By:     /s/ Leonard L. Noah
        ____________________________

              Leonard L. Noah,
         Vice President, Treasurer