UNITED STATES

                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C.  20549

                                    FORM 10-Q


   [ X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)
             OF THE SECURITIES EXCHANGE ACT OF 1934

   For the period ended  October 31, 1997

                                       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 number  0-14812

                           EDISON CONTROL CORPORATION
             (Exact name of registrant as specified in its charter)

        New Jersey                                        22-2716367
   (State or other jurisdiction of                        (IRS Employer
   incorporation or organization)                         Identification No.)

                            W60 N151 Cardinal Avenue
                                   PO Box 326
                            Cedarburg, WI 53012-0326
                    (Address of principal executive offices)
                                   (Zip Code)

                                 (414) 377-6565
              (Registrant's telephone number, including area code)



   (Former name, former address and former fiscal year, if changed since last
                                     report)

        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       

                      APPLICABLE ONLY TO CORPORATE ISSUERS

        Indicate the number of shares outstanding of each of the issuer's
   classes of common stock, as of the latest practicable date.

   Common Stock, $.01 par value:  2,275,933 as of October 31, 1997

   <PAGE>


                   EDISON CONTROL CORPORATION AND SUBSIDIARIES

                                      INDEX



                                                             Page Number     

                          Part I Financial Information


   Item 1 Financial Statements

   Consolidated Balance Sheets                                Pages 2 & 3    
        October 31, 1997 (Unaudited) and 
        January 31, 1997

   Consolidated Statements of Operations                      Page 4         
        Three and nine months ended October 31, 
        1997 and 1996 (Unaudited)

   Consolidated Statements of Cash Flows                      Pages 5 & 6    
        Nine months ended October 31, 
        1997 and 1996 (Unaudited)

   Notes to Consolidated Financial Statements                 Pages 7 & 8    
        (Unaudited)

   Item 2 Management's Discussion and Analysis of             Pages 8, 9 & 10
        Operations and Financial Condition

   Part II Other Information

   Item 6 Exhibits and Reports on Form 8-K                    Page 11 and    
                                                              Exhibit Index  

   <PAGE>

   PART I.
   Item 1
   Financial Statements


                   EDISON CONTROL CORPORATION AND SUBSIDIARIES
                           CONSOLIDATED BALANCE SHEETS
                      October 31, 1997 and January 31, 1997


                                               October 31,       January 31,
                                                   1997             1997
                                               (Unaudited)

   ASSETS
   Current Assets:
      Cash and cash equivalents               $   968,958         $ 772,008
      Investments                                 190,000           284,000
      Trading securities                        4,629,762         4,751,688
      Trade accounts receivable, net            4,072,913         2,713,308
      Receivable from affiliates                   41,018           156,035
      Inventories, net                          5,790,634         5,316,948
      Prepaid expenses and other assets           150,199           197,576
      Deferred compensation                             0           298,558
      Refundable income taxes                           0                 0
      Deferred financing costs                    983,333           983,333
                                               ----------        ----------
         Total current assets                  16,826,817        15,473,454

   Investment in and advances to affiliate        394,054           340,054

   Other Assets:
      Prepaid pension                             304,012           385,021
      Deferred financing costs                    635,070         1,372,570
                                               ----------        ----------
         Total other assets                       939,082         1,757,591  

   Property, plant and equipment, net           6,917,670         7,077,228

   Goodwill (net of amortization)               8,980,641         9,154,833

   Organizational/finance costs (net of                  
     amortization)                                192,232           256,945
                                               ----------        ----------
   TOTAL ASSETS                               $34,250,496       $34,060,105
                                               ==========        ==========


   LIABILITIES AND STOCKHOLDERS' EQUITY
   Current Liabilities:
      Trade accounts payable                 $  1,158,466      $    868,088
      Accrued compensation                        665,940           606,010
   Taxes other than income taxes                   96,283            38,119
      Other accrued expenses                      729,897           529,896
      Income taxes payable                        315,717             9,077
   Deferred income taxes                          121,000           245,000
   Deferred compensation                          754,250           754,250
      Current maturities on long-term debt        841,664           868,844
                                               ----------        ----------
         Total current liabilities              4,683,217         3,919,284

   Long-term debt, less current maturities     14,700,929        16,038,580

   Deferred income taxes                          176,000           501,000
                                               ----------        ----------
   TOTAL LIABILITIES                           19,560,146        20,458,864


   Stockholders' Equity:
   Preferred stock, $.01 par value:
      1,000,000 shares authorized,
      none issued                                       0                 0
   Common stock, $.01 par value:
      10,000,000 shares authorized,
      issued and outstanding 2,275,933
      shares                                       22,759            22,759
   Additional paid-in capital                  10,016,435        10,016,435
   Retained earnings                            4,499,266         3,453,331
   Foreign currency translation adjustments       151,890           108,716
                                               ----------        ----------
   TOTAL STOCKHOLDERS' EQUITY                  14,690,350        13,601,241
                                               ----------        ----------
   TOTAL LIABILITIES AND EQUITY               $34,250,496       $34,060,105
                                               ==========        ==========


                             See Accompanying Notes.

   <PAGE>

                   EDISON CONTROL CORPORATION AND SUBSIDIARIES
                      CONSOLIDATED STATEMENTS OF OPERATIONS
             THREE AND NINE  MONTHS ENDED OCTOBER  31, 1997 AND 1996
                                   (Unaudited)


                                           
                                Three Months Ended                 
                                                         Nine Months Ended
                                     October 31,             October 31,
                                   1997        1996        1997        1996

   NET SALES                 $7,048,009   $5,612,326 $18,126,002  $8,825,881
   COST OF GOODS SOLD         4,360,589    3,972,260  11,320,989   6,359,037
                              ---------    ---------  ----------   ---------
   GROSS PROFIT               2,687,420    1,640,066   6,805,013   2,466,844

   OTHER OPERATING EXPENSES:
     Selling, engineering
       and administrative
       expenses                 949,597    1,114,706   3,214,046   1,843,801

     Stock option amortization        0      188,562     298,558     267,129

     Goodwill and
       organizational/finance
       cost amortization         79,635       63,576     238,905      84,768
                              ---------    ---------   ---------   ---------
      Total other operating
        expenses              1,029,232    1,366,844   3,751,509   2,195,698
                              ---------    ---------   ---------   ---------

   OPERATING EARNINGS         1,658,188      273,222   3,053,504     271,146

   OTHER EXPENSE (INCOME):
     Interest expense           274,859      327,094     867,738     473,439
     Realized gains on 
      trading securities        (96,022)    (208,263)   (319,163) (2,955,342)
     Unrealized losses  on 
      trading securities        407,178      104,007      51,119   2,851,416
     Stock warrant amortization 245,833      245,835     737,500     348,262

     Miscellaneous income       (76,273)     (75,670)   (114,850)    (57,534)
                              ---------    ---------   ---------   ---------
      Total other expense       755,575      393,003   1,222,344     660,241
                              ---------    ---------   ---------   ---------
   EARNINGS (LOSS) BEFORE 
     INCOME TAXES (CREDIT)      902,613     (119,781)  1,831,160    (389,095)

   INCOME TAXES (CREDIT)        392,397      (48,639)    785,225    (141,639)
                               --------      -------   ---------    --------
   NET EARNINGS (LOSS)         $510,216     $(71,142) $1,045,935   $(247,456)
                               ========      =======   =========    ========
   Net earnings (loss) per
    share                          $.19        $(.03)       $.39       $(.11)

   Weighted average common
    shares and common share
    equivalents               2,739,173    2,250,933   2,707,730   2,191,168


                            See Accompanying Notes. 

   <PAGE>

                   EDISON CONTROL CORPORATION AND SUBSIDIARIES
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                   NINE MONTHS ENDED OCTOBER 31, 1997 AND 1996
                                   (Unaudited)


                                                        1997          1996  

   Net earnings (loss)                              $1,045,935     $(247,456)

   Adjustments to reconcile net earnings
    (loss) to net cash provided by
    operating activities:
      Depreciation and amortization                  1,782,027       963,468
      Provision for doubtful accounts                   80,353        (2,350)
      Realized gain on sales of trading
       securities                                     (319,163)   (2,955,342)
      Unrealized loss on trading securities             51,119     2,851,416
      Purchases of trading securities               (3,608,474)   (7,095,906)
      Proceeds from the sale of trading
       securities                                    3,998,444    13,077,081
      Proceeds from the sale of investments             94,000             0
      Equity in earnings of affiliate                  (54,000)       (6,000)

   Changes in assets and liabilities:
      Accounts receivable                           (1,439,958)     (434,473)
      Receivable from affiliate                        115,017        85,390
      Inventories                                     (473,686)      881,756
      Prepaid expenses and other assets                128,386        81,908
      Trade accounts payable                           290,378        98,998
      Accrued compensation                              59,930       204,036
      Taxes other than income taxes                     58,164       (21,026)
      Accrued expenses                                 200,001        63,956
      Deferred income taxes                           (449,000)   (1,170,593)
      Income taxes payable                             306,640        70,114
                                                     ---------     ---------
         Total adjustments                             820,178     6,692,433
                                                     ---------     ---------
   NET CASH PROVIDED BY
      OPERATING ACTIVITIES                           1,866,113     6,444,977
                                                     ---------     ---------

   Cash flows from investing activities:
      Additions to plant and equipment                (347,506)     (164,399)
      Proceeds from sale of equipment                        0             0
      Payments received on advances to affiliates            0        20,000
      Payment for purchase of acquired
      company, net of cash acquired                          0   (18,914,093)
                                                     ---------    ----------
   NET CASH USED IN INVESTING
      ACTIVITIES                                      (347,506)  (19,058,492)
                                                     ---------    ----------

   Cash flows from financing activities:
      Proceeds from issuance of long-term debt        $400,000   $16,540,000
      Principal payments on long-term debt          (1,764,831)   (3,761,069)
      Proceeds from issuance of Common Stock                 0        95,727
      Stock options exercised                                0             0
                                                     ---------    ----------
   NET CASH (USED IN) PROVIDED BY
      FINANCING ACTIVITIES                          (1,364,831)   12,874,658
                                                     ---------    ----------
   EFFECT OF EXCHANGE RATE CHANGES
         ON CASH                                        43,174       157,420
                                                     ---------    ----------
   NET INCREASE IN CASH
      AND CASH EQUIVALENTS                             196,350       418,563

   CASH AND CASH EQUIVALENTS,
      BEGINNING OF PERIOD                              772,008       598,931
                                                     ---------    ----------
   CASH AND CASH EQUIVALENTS,
      END OF PERIOD                                   $968,958    $1,017,494
                                                     =========    ==========

   Supplemental disclosure of cash
    flow information:

   Cash paid during the period for income taxes       $927,585      $970,224
   Cash paid during the period for interest            845,655       491,390

   Supplemental schedule of non-cash
      investing and financing activities:
         Stock issued under separate agreement
           which offset a portion of purchase
           price of acquired companies               $       0   $   766,274
         Note receivable offset against purchase
           price of acquired companies               $       0   $   332,400
         Fair value of warrants issued in
           connection with financing of
           acquisition                               $       0   $ 2,950,000



                             See Accompanying Notes.

   <PAGE>

                   EDISON CONTROL CORPORATION AND SUBSIDIARIES
                   Notes to Consolidated Financial Statements
                                   (Unaudited)

   Note 1 -  Basis of Presentation

   The accompanying unaudited consolidated financial statements have been
   prepared in accordance with generally accepted accounting principles for
   interim financial information and with the instructions to Form 10-Q and
   Article 10 of Regulation S-X.  Accordingly, these statements do not
   include all of the information and footnotes required by generally
   accepted accounting principles for complete financial statements.  In the
   opinion of management, all adjustments (consisting of normal, recurring
   accruals) considered necessary for a fair presentation have been included. 
   Operating results for the nine-month period ending October 31, 1997 are
   not necessarily indicative of the results that may be expected for other
   interim periods or the year ended January 31, 1998.  For further
   information, refer to the financial statements and footnotes thereto
   included in the Company's annual report on Form 10-K for the year ended
   January 31, 1997.

   Note 2 -  Nature of Business and Accounting Policies

   Principles of Consolidation - The consolidated financial statements
   include the accounts of Edison Control Corporation ("Edison") and
   subsidiaries, all of which subsidiaries are wholly owned by Edison
   (collectively, the "Company").  All material intercompany accounts and
   transactions have been eliminated in consolidation.

   Nature of Operations - The Company is currently comprised of four
   operating units.  Construction Forms ("ConForms") is  a leading
   manufacturer and distributor of systems of pipes, couplings and hoses and
   other equipment used for the pumping of concrete.  ConForms manufactures a
   wide variety of finished products which are used to create appropriate
   configurations of systems for various concrete pumps.  Ultra Tech
   manufactures abrasion resistant piping systems for use in industries such
   as mining, pulp and paper, power and waste treatment.  Gilco produces a
   line of concrete and plaster/mortar mixers.  JABCO primarily leases
   property and equipment to Ultra Tech.

   Trading Securities - Debt and equity securities purchased and held
   principally for the purpose of sale in the near term are classified as
   "trading securities" and reported at fair value with unrealized gains and
   losses included in earnings.  The cost of individual securities sold is
   based on the first-in, first-out method.

   Estimates - The preparation of financial statements in conformity with
   generally accepted accounting principles requires management to make
   estimates and assumptions that affect the reported amounts of assets and
   liabilities and disclosure of contingent assets and liabilities at the
   date of the financial statements and the reported amounts of revenues and
   expenses during the reported period.  Actual results could differ from
   those estimates.

   Translation of Foreign Currencies - Assets and liabilities of foreign
   operations are translated into United States dollars at current exchange
   rates.  Income and expense accounts are translated into United States
   dollars at average rates of exchange prevailing during the year. 
   Adjustments resulting from the translation of financial statements of the
   foreign operations are included as foreign currency translation
   adjustments in the equity section of the accompanying consolidated balance
   sheets.

   Net Earnings(Loss) Per Common Share and Common Share Equivalents - Net
   earnings (loss) per common share and common share equivalents is computed
   based upon the weighted average number of common shares and common share
   equivalents (stock options and warrants) outstanding during the period. 
   Common share equivalents from dilutive stock options and warrants were
   calculated using the treasury stock method.  Common share equivalents
   (stock options and warrants) were antidilutive for the 1996 periods ended.

   Accounting Pronouncements - Statement of Financial Accounting Standards
   ("SFAS") No. 123, "Accounting for Stock-Based Compensation" was issued in
   1995.  The Company has elected to continue to account for stock-based
   compensation under Accounting Principles Board Opinion No. 25 as allowed
   by SFAS No. 123.

   In February 1997, the Financial Accounting Standards Board (FASB) issued
   SFAS No. 128, "Earnings Per Share" and SFAS No. 129, "Disclosure of
   Information about Capital Structure".  In June 1997, FASB issued SFAS No.
   130, "Reporting Comprehensive Income" and SFAS No. 131, "Disclosures about
   Segments of an Enterprise and Related Information".  The Company is
   currently in the process of evaluating the accounting and disclosure
   effects of these Statements.   SFAS No. 128 and 129 are required to be
   adopted in the fourth quarter of this year.    SFAS No. 130 and 131 are
   required to be adopted in the first quarter of the year beginning February
   1, 1998.

   Item 2.
   Management's Discussion and Analysis of Operations and Financial Condition
   Certain matters discussed in this Quarterly Report on Form 10-Q are
   "forward-looking statements" intended to qualify for the safe harbors from
   liability established by the Private Securities Litigation Reform Act of
   1995.  These forward-looking statements can generally be identified as
   such because the context of the statement will include words such as the
   Company "believes", "anticipates", "expects", or words of similar import.
   Similarly, statements that describe the Company's future plans, objectives
   or goals are also forward-looking statements.  Such forward-looking
   statements are subject to certain risks and uncertainties which are
   described in close proximity to such statements and which would cause
   actual results to differ materially from those anticipated as of the date
   of this report.  Shareholders, potential investors and other readers are
   urged to consider these factors in evaluating the forward-looking
   statements and are cautioned not to place undue reliance on such forward-
   looking statements.  The forward-looking statements included herein are
   only made as of the date of this report and the Company undertakes no
   obligation to publicly update such forward-looking statements to reflect
   subsequent events or circumstances.  

   On June 21, 1996, the Company purchased all of the issued and outstanding
   stock of Construction Forms, Inc. and its subsidiaries for aggregate cash
   consideration of approximately $20,550,000.  The acquisition was accounted
   for as a purchase transaction with the purchase price allocated to the
   fair value of specific assets acquired and liabilities assumed. 
   Accordingly, the results of operations have been included since the date
   of the acquisition.  Resultant goodwill is being amortized over 40 years.

   Net sales for the quarter ended October 31, 1997 increased  $1,435,683
   (25.6%) to $7,048,009 compared with the same period of the prior year.   
   Strong domestic sales at ConForms and large project sales to power and
   phosphate industry customers at Ultra Tech accounted for the increase. 
   For the first nine months of the year, net sales increased $9,300,121
   (105.4%) to $18,126,002.  The increase was mainly attributable to the
   inclusion of the results of operations of the acquired companies for the
   full period. Construction Forms, Inc. and subsidiaries' net sales for the
   nine months ended October 31, 1997 increased $1,683,125  (10.2%) compared
   to fiscal 1996.  As explained above, increased volumes at ConForms and
   Ultra Tech accounted for the increase.

   As a percentage of net sales, gross profit margin increased to 38.1% for
   the quarter ended, and to 37.5% for the nine-month period ended October
   31, 1997, as compared to 29.2% and 28.0% in the prior year periods,
   respectively.   Gross margin for Construction Forms, Inc. and subsidiaries
   for the nine-month period ended October 31, 1997 increased to 37.0% from
   28.8%.  The increase for the quarter was due to better pricing on Ultra
   Tech sales and better fixed cost coverage from the increased volume at
   ConForms and Ultra Tech.  The increase in the nine month gross profit
   percentages was due to the inclusion of the acquired companies for the
   full period, the pricing and fixed cost coverage previously discussed, and
   the sale of the Edison electronic fault indicator business in late 1996.

    Selling, engineering and administrative expenses for the third quarter of
   1997 were $949,597 compared to $1,114,706 for the prior year's quarter. 
   The decrease was mainly due to decreases in general insurance and
   ConForms' sales and marketing expenses.  Selling, engineering and
   administrative expenses represent 17.7% and 20.9% of net sales for the
   nine- month periods ended October 31, 1997 and 1996, respectively.  The
   percentage decrease for the 1997 nine month period was primarily
   attributable to the inclusion of the results of operations of the acquired
   companies. Selling, engineering and administrative expenses of the
   acquired companies for the nine month periods ended October 31 decreased
   17.2% to $2,783,457 in 1997 compared to $3,360,852 for the same period
   last year.  This was mainly due to the decrease in personnel wages and
   benefits from the previous year.  

   Interest expense was $274,859 and $867,738 for the three-and nine-month
   periods ended October 31, 1997 compared to $327,094 and $473,439 for the
   similar periods ended October  31, 1996.  Debt was incurred to finance the
   acquisition on June 21, 1996.   Since the acquisition, the Company has
   made over $4,000,000 in principal payments.

   The net loss on trading securities was $311,156 for the quarter ended
   October 31, 1997 compared to last year's net gain of $104,256.  For the
   nine months ended October 31, 1997, the net gain was $268,044, compared to
   a net gain of $103,926 for the same period last year.  A major reason for
   the decrease for the quarter was related to the decrease in the market
   value of the Company's holdings in Glenayre Technologies, Inc.  Although
   the Company has no established formal investment policies or practices for
   its trading securities portfolio, the Company generally pursues an
   aggressive trading strategy, focusing primarily on generating near-term
   capital appreciation from its investment in common equity securities. 
   Securities held in the Company's portfolio at the end of each fiscal
   quarter and year are reported at fair value, with unrealized gains and
   losses included in earnings for that period.  These factors, combined with
   the relative size of the Company's trading portfolio, has lead, and will
   likely continue to lead, to significant period-to-period earnings
   volatility depending upon the capital appreciation or depreciation of the
   Company's trading securities portfolio as of the end of each reporting
   period.

   The amortization of  goodwill, financing costs, stock options and stock
   warrants created a total non-cash charge of $1,274,963 for the nine months
   ended October 31, 1997 compared to $700,159 for the prior year.  Goodwill
   is being amortized over  a 40-year period.  The stock option amortization
   was fully amortized as of June 21, 1997.  The amortization of financing
   costs and stock warrants will continue principally until June 21, 1999. 
   The total amortization of all these non-cash charges for the year ended
   January 31, 1998 is expected to approximate $1,600,000($.39 per share, net
   of tax).
    
   The Company recorded tax expense of $785,225 for the nine months ended
   October 31, 1997, which represents the estimated annual effective rate of
   42.9% applied to pre-tax book income.  Deferred income taxes reflect the
   net tax effects of temporary differences between the carrying amount of
   assets and liabilities for financial statement reporting purposes and the
   amounts used for income tax purposes.

   Net earnings of $510,216, or $.19 per share, for the quarter ended October
   31,1997 represents an increase of $581,358 from a net loss of $71,142, or
   $.03 per share, for the comparable period of the prior year.  For the nine
   months ended October 31, 1997, net earnings were $1,045,935, or $.39 per
   share, compared to a net loss of $247,456,  or $.11 per share, in the
   prior year.  This change was principally due to the operating results of
   the acquired companies.

   Liquidity and Capital Resources

   The Company generated $1,866,113  in cash from operations during the first
   nine months of 1997.  The Company used $347,506  of cash to acquire
   capital equipment and $1,364,831 of cash to pay back long-term debt.  The
   result was a net increase in cash and cash equivalents of $196,350 for the
   first nine months of 1997 compared to a net increase of $418,563  in the
   prior year's first nine months.  The difference between the two periods
   was attributable to the change in the balance sheet composition as a
   result of the acquisition.

   The Company believes that it can fund proposed capital expenditures and
   operational requirements from operations and currently available cash,
   cash equivalents, investments and existing bank credit lines.  Proposed
   capital expenditures for the remainder of the fiscal year 1997 are
   expected to total approximately $150,000.

   Additionally, at October 31, 1997, the Company's current ratio was 3.6:1. 
   At January 31, 1997, the current ratio was 3.9:1.  Required minimum debt
   principal payments for the year are approximately $869,000 and are
   expected to be funded from operating cash flow.

   The Company continues to explore possible acquisition opportunities to
   expand its core business.  The Company currently anticipates that any
   potential acquisitions would be financed by internally generated funds,
   additional borrowings, or equity financing.

   PART II.
   Item 6.
   Exhibits

   The Exhibits filed or incorporated by reference herein are as specified in
   the Exhibit Index.

   Reports on Form 8-K
   No reports on Form 8-K were filed by the Company during the quarter to
   which the report relates.


   <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.


                                      EDISON CONTROL CORPORATION
                                           (Registrant)



   Date:  December 9, 1997            /s/  Jay R. Hanamann
                                           Jay R. Hanamann
                                           (Chief Financial Officer)

   <PAGE>

                           Edison Control Corporation

                                  Exhibit Index

   Exhibit No.                 Description

   27.                          Financial Data Schedule.