<TABLE> <S> <C>
                                              
<ARTICLE>                                          5
<LEGEND>                                       
THIS STATEMENT CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
CONSOLIDATED BALANCE SHEET AT SEPTEMBER 30, 1998 AND THE CONSOLIDATED STATEMENT
OF INCOME AND THE CONSOLIDATED STATEMENT OF CASH FLOW FOR THE NINE MONTHS ENDED
SEPTEMBER 30, 1998 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH
FINANCIAL STATEMENTS.   
</LEGEND>                                      
<CIK>                                                   0000003941              
<NAME>                                 ALLIED PRODUCTS CORPORATION              
<MULTIPLIER>                                                 1,000

                                                    
<S>                                                  <C>
<PERIOD-TYPE>                                             9-MOS
<FISCAL-YEAR-END>                                      DEC-31-1998
<PERIOD-START>                                         JAN-01-1998
<PERIOD-END>                                           SEP-30-1998
<CASH>                                                         428
<SECURITIES>                                                     0
<RECEIVABLES>                                               65,627
<ALLOWANCES>                                                   699
<INVENTORY>                                                134,025
<CURRENT-ASSETS>                                           212,694
<PP&E>                                                     121,043
<DEPRECIATION>                                              47,792
<TOTAL-ASSETS>                                             298,818
<CURRENT-LIABILITIES>                                      193,441
<BONDS>                                                      1,168
<PREFERRED-MANDATORY>                                            0
<PREFERRED>                                                      0
<COMMON>                                                       140
<OTHER-SE>                                                  93,423
<TOTAL-LIABILITY-AND-EQUITY>                               298,818
<SALES>                                                    229,000
<TOTAL-REVENUES>                                           229,000
<CGS>                                                      194,953
<TOTAL-COSTS>                                              194,953
<OTHER-EXPENSES>                                            29,955
<LOSS-PROVISION>                                               161
<INTEREST-EXPENSE>                                           4,339
<INCOME-PRETAX>                                              4,092
<INCOME-TAX>                                                 1,513
<INCOME-CONTINUING>                                          2,579
<DISCONTINUED>                                                   0
<EXTRAORDINARY>                                                  0
<CHANGES>                                                        0
<NET-INCOME>                                                 2,579
<EPS-PRIMARY>                                                 0.22
<EPS-DILUTED>                                                 0.21
        
 

</TABLE>