|   |
|--------|
|   |
|   |

**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**

**or**

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

**MET-PRO      CORPORATION**

| **Pennsylvania**                                          |   | **23-1683282**                     |
|-----------------------------------------------------------|--------|------------------------------------|
| (State                or other jurisdiction of            |   | (I.R.S.                Employer    |
| incorporation                or organization)             |   | Identification                No.) |
|                                                      |   |                               |
| **160                Cassell Road, P.O. Box 144**         |   |                               |
| **  Harleysville,                Pennsylvania** |   | **19438**                          |
| (Address                of principal executive offices)   |   | (Zip                Code)          |

|     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 [    ] |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
| Indicate                  by check mark whether the Registrant is a large accelerated filer,                  an                  accelerated filer or a non-accelerated filer.  See definition                  of  “accelerated filer and large accelerated filer” in Rule                  12b-2 of the Exchange Act.    Large accelerated filer                  [    ] Accelerated filer [ X ] Non-accelerated filer                  [    ]                                                                                                                                                |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
| Indicate                  by check mark whether the Registrant is a shell company (as defined                  in Rule 12b-2 of the Exchange Act).    Yes                  [    ]     No [ X ]                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |

|   |
|--------|
|   |
|   |

----

Index

**INDEX**

| **PART                I - FINANCIAL                INFORMATION** |                                |
|------------------------------------------------------------------|-------------------------------------|
|                                                             |                                |   |
| **                 Item 1.**                                | Financial                Statements |   |

|   |                                                                                                                                                                                                                                                                                               |   |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
|   | Consolidated                        Balance Sheet as                        of                                    October 31, 2007 and January                        31,                        2007                                  | 2      |
|   | Consolidated                        Statement of Operations                        for the nine-month and three-month             periods                        ended October 31,                        2007 and 2006 | 3      |
|   | Consolidated                        Statement of                        Shareholders’ Equity for the             nine-month                        periods ended October                        31, 2007 and 2006 | 4      |
|   | Consolidated                        Statement of Cash Flows for the                        nine-month             periods                        ended October 31, 2007                        and 2006                 | 5      |
|   | Notes                        to Consolidated Financial                        Statements                                                                                                                                                                                                           | 6      |
|   | Report                        of Independent Registered Public                        Accounting Firm                                                                                                                                                                                              | 16     |
|   |                                                                                                                                                                                                                                                                                               |   |

|                    **Item 2.**                  | Management’s                    Discussion and Analysis of Financial                    Condition |           |
|------------------------------------------------------|---------------------------------------------------------------------------------------------------------|----------------|
|                                                 | and                  Results of Operations                                                              | 17             |
|                                                 |                                                                                                    |           |
| **  ****Item                  3.**         | Qualitative                  and Quantitative Disclosures about Market                  Risk            | 23             |
|                                                 |                                                                                                    |           |
|                    **Item 4.**                  | Controls                  and Procedure                                                                 | 23             |
|                                                 |                                                                                                    |           |
|                                                 |                                                                                                    |           |
| **PART                  II - OTHER INFORMATION**     |                                                                                                    |
|                                                 |                                                                                                    |           |
| **  ****Item                  1.**         | Legal                  Proceedings                                                                      | 24             |
|                                                 |                                                                                                    |           |
| **  Item                  1A.**            | Risk                  Factors                                                                           | 24             |
|                                                 |                                                                                                    |           |
|                    **Item                  2.** | Unregistered                  Sales of Equity                  Securities and Use of Proceeds           | 25             |
|                                                 |                                                                                                    |           |
| **  ****Item                  3.**         | Defaults                  Upon Senior                  Securities                                       | 25             |
|                                                 |                                                                                                    |           |
| **  ****Item                  4.**         | Submission                  of Matters to a Vote of                  Security Holders                   | 25             |
|                                                 |                                                                                                    |           |
| **  ****Item                  5.**         | Other                  Information                                                                      | 25             |
|                                                 |                                                                                                    |           |
|                    **Item 6.**                  | Exhibits                                                                                                | 26             |
|                                                 |                                                                                                    |           |
|                                                 |                                                                                                    |           |
| **SIGNATURES**                                       |                                                                                                    |   27 |

----

Index

**MET-PRO            CORPORATION**

**CONSOLIDATED      BALANCE SHEET**

**(unaudited)**

| **PART                I – FINANCIAL INFORMATION**                                                                                           |                           |   |                       |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------|--------|----------------------------|--------|
|                                                                                                                                              |                           |   |                       |   |
| **Item                1.  *Financial                Statements***                                                                       |                           |   |                       |   |
|                                                                                                                                              |                           |   |                       |   |
|                                                                                                                                              | **October                31,** |   | January                31, |   |
| **ASSETS**                                                                                                                                        | **2007**                       |   | 2007                       |   |
| Current                assets                                                                                                                     |                           |   |                       |   |
|       Cash                and cash equivalents                                                                      | **$20,770,697**                |   | $17,322,194                |   |
|       Marketable                securities                                                                          | **22,761**                     |   | 24,090                     |   |
|       Accounts                receivable, net of allowance for doubtful                                             |                           |   |                       |   |
|          accounts                of approximately $171,000 and                                       |                           |   |                       |   |
|          $133,000,                respectively                                                       | **22,639,155**                 |   | 20,837,589                 |   |
|       Inventories                                                                                                   | **20,797,505**                 |   | 19,296,279                 |   |
|       Prepaid                expenses, deposits and other current assets                                            | **1,549,829**                  |   | 1,748,130                  |   |
|                Total                current assets                     | **65,779,947**                 |   | 59,228,282                 |   |
| Property,                plant and equipment, net                                                                                                 | **19,322,717**                 |   | 16,832,988                 |   |
| Costs                in excess of net assets of businesses acquired, net                                                                          | **20,798,913**                 |   | 20,798,913                 |   |
| Other                assets                                                                                                                       | **288,228**                    |   | 306,403                    |   |
|               **Total assets**                                              | **$106,189,805**               |   | $97,166,586                |   |
|                                                                                                                                              |                           |   |                       |   |
| **LIABILITIES                AND SHAREHOLDERS' EQUITY**                                                                                           |                           |   |                       |   |
| Current                liabilities                                                                                                                |                           |   |                       |   |
|       Current                portion of long-term debt                                                              | **$2,013,282**                 |   | $1,955,202                 |   |
|       Accounts                payable                                                                               | **5,884,016**                  |   | 6,450,813                  |   |
|       Accrued                salaries, wages and expenses                                                           | **5,968,128**                  |   | 4,135,342                  |   |
|       Dividend                payable                                                                               | **826,771**                    |   | 757,029                    |   |
|       Customers'                advances                                                                            | **591,896**                    |   | 981,680                    |   |
|       Deferred                income taxes                                                                          | **242,457**                    |   | 245,231                    |   |
|                Total                current liabilities                | **15,526,550**                 |   | 14,525,297                 |   |
| Long-term                debt                                                                                                                     | **4,273,807**                  |   | 5,417,990                  |   |
| Other                non-current liabilities                                                                                                      | **3,293,511**                  |   | 3,276,551                  |   |
| Deferred                income taxes                                                                                                              | **2,301,030**                  |   | 1,369,591                  |   |
|                Total                liabilities                        | **25,394,898**                 |   | 24,589,429                 |   |
|                                                                                                                                              |                           |   |                       |   |
| Shareholders'                equity                                                                                                               |                           |   |                       |   |
|       Common                shares, $.10 par value; 18,000,000 shares                                               |                           |   |                       |   |
|           authorized,                15,928,810 and 12,846,608 shares issued,                   |                           |   |                       |   |
|           of                which 889,780 and 1,631,364 shares were reacquired                  |                           |   |                       |   |
|           and                held in treasury at the respective dates                           | **1,194,661**                  |   | 1,284,661                  |   |
|       Additional                paid-in capital                                                                     | **2,182,846**                  |   | 7,910,708                  |   |
|       Retained                earnings                                                                              | **81,644,555**                 |   | 74,921,913                 |   |
|       Accumulated                other comprehensive income (loss)                                                  | **627,736**                    |   | (33,471                    | )      |
|       Treasury                shares, at cost                                                                       | **(4,854,891**                 | **)**  | (11,506,654                | )      |
|               Total                shareholders' equity                     | **80,794,907**                 |   | 72,577,157                 |   |
| **              Total                liabilities and shareholders' equity** | **$106,189,805**               |   | $97,166,586                |   |
| See                accompanying notes to consolidated financial statements.                                                                  |                           |   |                       |

----

Index

**MET-PRO            CORPORATION**

**CONSOLIDATED      STATEMENT OF      OPERATIONS**

**(unaudited)**

|                                                                               |                    **Nine Months Ended** |   |                     **Three Months Ended** |   |
|------------------------------------------------------------------------------------|---------------------------------------------------------|--------|----------------------------------------------------------------|--------|
|                                                                               | **October                31,**                          |   | **                     October 31,**  |   |
|                                                                               | **                 2007**                          |   |  2006                                                     |   | **   2007** |   |                   2006 |   |
| **Net                sales**                                                       | **$77,572,214**                                         |   | $68,881,850                                                    |   | **$28,059,516** |   | $25,323,927 |   |
| Cost                of goods sold                                                  | **52,494,210**                                          |   | 47,973,992                                                     |   | **18,936,861** |   | 17,005,918 |   |
| Gross                profit                                                        | **25,078,004**                                          |   | 20,907,858                                                     |   | **9,122,655** |   | 8,318,009 |   |
|                                                                               |                                                    |   |                                                           |   |   |   |   |   |
| **Operating                expenses (income)**                                     |                                                    |   |                                                           |   |   |   |   |   |
|    Selling                                                          | **6,715,332**                                           |   | 6,269,844                                                      |   | **2,125,554** |   | 2,297,478 |   |
|    General                and administrative                        | **8,373,726**                                           |   | 7,396,505                                                      |   | **2,966,465** |   | 2,856,574 |   |
|    Gain                on sale of building                          | **(3,513,940**                                          | **)**  | -                                                              |   | **-** |   | - |   |
|                                                                               | **11,575,118**                                          |   | 13,666,349                                                     |   | **5,092,019** |   | 5,154,052 |   |
| Income                from operations                                              | **13,502,886**                                          |   | 7,241,509                                                      |   | **4,030,636** |   | 3,163,957 |   |
|                                                                               |                                                    |   |                                                           |   |   |   |   |   |
| Interest                expense                                                    | **(240,394**                                            | **)**  | (256,519                                                       | )      | **(69,696** | **)** | (109,205 | ) |
| Other                income, net                                                   | **745,131**                                             |   | 759,712                                                        |   | **228,738** |   | 254,461 |   |
| Income                before taxes                                                 | **14,007,623**                                          |   | 7,744,702                                                      |   | **4,189,678** |   | 3,309,213 |   |
|                                                                               |                                                    |   |                                                           |   |   |   |   |   |
| Provision                for taxes                                                 | **4,815,540**                                           |   | 2,555,751                                                      |   | **1,403,539** |   | 1,136,395 |   |
| **Net                income**                                                      | **$9,192,083**                                          |   | $5,188,951                                                     |   | **$2,786,139** |   | $2,172,818 |   |
|                                                                               |                                                    |   |                                                           |   |   |   |   |   |
| **Earnings                per share, basic (1)                (2)**                | **$.61**                                                |   | $.35                                                           |   | **$.19** |   | $.15 |   |
| **Earnings                per share, diluted (1)                (3)**              | **$.60**                                                |   | $.34                                                           |   | **$.18** |   | $.14 |   |
| **Cash                dividend per share – declared (1)                (4)** | **$.1562**                                              |   | $.1444                                                         |   | **$.0550** |   | $.0506 |   |
| **Cash                dividend per share – paid (1)                (4)**     | **$.1518**                                              |   | $.1406                                                         |   | **$.0506** |   | $.0469 |   |

|   | (1)    | On                October 17, 2007, the Board of Directors declared a four-for-three                stock                split which was paid on November 14, 2007 to shareholders of record                on                November 1, 2007.  All references in the financial statements to                per share amounts and number of shares outstanding have been restated                to                reflect the effect of the stock split, except for the shares outstanding                and shares held in treasury as of January 31, 2007 in the Shareholders’                Equity section of the Consolidated Balance                Sheet.                                                                                                                                                                                                                                                                                                  |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|   | (2)    | Basic                earnings per share are based upon the weighted average number of                shares                outstanding of 14,989,673 and 14,939,680 for the nine-month periods                ended                October 31, 2007 and 2006, respectively, and 14,983,501 and 14,938,068                for                the three-month periods ended October 31, 2007 and 2006,                respectively.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|   | (3)    | Diluted                earnings per share are based upon the weighted average number of                shares                outstanding of 15,324,527 and 15,179,735 for the nine-month periods                ended                October 31, 2007 and 2006, respectively, and 15,312,924 and 15,176,329                for                the three-month periods ended October 31, 2007 and 2006,                respectively.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|   | (4)    | The                Board of Directors declared quarterly dividends of $.0506 per share                payable on March 14, 2007,     June 12, 2007, and                September 10, 2007 to shareholders of record as of February 28, 2007,                May                29, 2007, and August 27, 2007, respectively, and a quarterly dividend                of                $.0550 per share payable on December 10, 2007 to shareholders of                record on                November 26, 2007.  Quarterly dividends of $.0469 per share were                paid on March 9, 2006, June 7, 2006, and September 6, 2006 to shareholders                of record as of February 24, 2006, May 26, 2006, and August 24, 2006,                respectively, and a quarterly dividend of $.0506 per share payable                on                December 14, 2006 to shareholders of record on November 30,                2006. |

|  See              accompanying notes to consolidated              financial statements. |
|----------------------------------------------------------------------------------------------|

----

Index

**MET-PRO            CORPORATION**

**CONSOLIDATED      STATEMENT OF SHAREHOLDERS'      EQUITY**

** (unaudited)**

|   |       |           |         |              |         |      |   |
|--------|------------|----------------|--------------|-------------------|--------------|-----------|--------|
|   |       |           |         | **Accumulated**   |         |      |   |
|   |       | **Additional** |         | **Other**         |         |      |   |
|   | **Common** | **Paid-in**    | **Retained** | **Comprehensive** | **Treasury** |      |   |
|   | **Shares** | **Capital**    | **Earnings** | **Income/(Loss)** | **Shares**   | **Total** |   |

| **Balances,                January 31, 2007**                                       | $1,284,661 |   | $7,910,708 |   | $74,921,913 |   | ($33,471 | )      | ($11,506,654 | )      | $72,577,157 |   |
|-------------------------------------------------------------------------------------|------------|--------|------------|--------|-------------|--------|----------|--------|--------------|--------|-------------|--------|
|                                                                                |       |   |       |   |        |   |     |   |         |   |        |   |
| Comprehensive                income:                                                |       |   |       |   |        |   |     |   |         |   |        |   |
|    Net                income                                         | -          |   | -          |   | 9,192,083   |   | -        |   | -            |   |        |   |
|    Adoption                of FIN No. 48                             | -          |   | -          |   | (125,000    | )      | -        |   | -            |   |        |   |
|    Foreign                currency translation                       |       |   |       |   |        |   |     |   |         |   |        |   |
|      adjustment                                            | -          |   | -          |   | -           |   | 613,965  |   | -            |   |        |   |
|    Interest                rate swap,                                |       |   |       |   |        |   |     |   |         |   |        |   |
|      net                of tax of** **($28,237)       | -          |   | -          |   | -           |   | 48,079   |   | -            |   |        |   |
|    Securities                available for sale,                     |       |   |       |   |        |   |     |   |         |   |        |   |
|      net                of tax of $492                     | -          |   | -          |   | -           |   | (837     | )      | -            |   |        |   |
|        Total                comprehensive income |       |   |       |   |        |   |     |   |         |   | 9,728,290   |   |
|                                                                                |       |   |       |   |        |   |     |   |         |   |        |   |
| Dividends                paid, $.1013 per share                                     | -          |   | -          |   | (1,517,670  | )      | -        |   | -            |   | (1,517,670  | )      |
| Dividends                declared, $.0550 per                                       |       |   |       |   |        |   |     |   |         |   |        |   |
|      share                                                 | -          |   | -          |   | (826,771    | )      | -        |   | -            |   | (826,771    | )      |
| Stock-based                compensation                                             | -          |   | 382,581    |   | -           |   | -        |   | -            |   | 382,581     |   |
| Stock                option transactions                                            | -          |   | 351,557    |   | -           |   | -        |   | 730,278      |   | 1,081,835   |   |
| Purchase                of 51,205 treasury shares                                   | -          |   | -          |   | -           |   | -        |   | (630,515     | )      | (630,515    | )      |
| Treasury                share retirement                                            | (90,000    | )      | (6,462,000 | )      | -           |   | -        |   | 6,552,000    |   | -           |   |
| **Balances,                October 31, 2007**                                       | $1,194,661 |   | $2,182,846 |   | $81,644,555 |   | $627,736 |   | ($4,854,891  | )      | $80,794,907 |   |

|   |       |           |         |              |         |      |   |
|--------|------------|----------------|--------------|-------------------|--------------|-----------|--------|
|   |       |           |         |              |         |      |   |
|   |       |           |         | **Accumulated**   |         |      |   |
|   |       | **Additional** |         | **Other**         |         |      |   |
|   | **Common** | **Paid-in**    | **Retained** | **Comprehensive** | **Treasury** |      |   |
|   | **Shares** | **Capital**    | **Earnings** | **Income/(Loss)** | **Shares**   | **Total** |   |

| **Balances,                January 31, 2006**                                       | $1,284,661 | $7,564,180 |   | $70,645,717 |   | ($321,821 | )      | ($11,634,499 | )      | $67,538,238 |   |
|-------------------------------------------------------------------------------------|------------|------------|--------|-------------|--------|-----------|--------|--------------|--------|-------------|--------|
|                                                                                |       |       |   |        |   |      |   |         |   |        |   |
| Comprehensive                income:                                                |       |       |   |        |   |      |   |         |   |        |   |
|    Net                income                                         | -          | -          |   | 5,188,951   |   | -         |   | -            |   |        |   |
|    Foreign                currency translation                       |       |       |   |        |   |      |   |         |   |        |   |
|      adjustment                                            | -          | -          |   | -           |   | 209,890   |   | -            |   |        |   |
|    Interest                rate swap,                                |       |       |   |        |   |      |   |         |   |        |   |
|      net                of tax of ($4,846)                 | -          | -          |   | -           |   | (10,993   | )      | -            |   |        |   |
|    Securities                available for sale,                     |       |       |   |        |   |      |   |         |   |        |   |
|      net                of tax of ($504)                   | -          | -          |   | -           |   | (1,022    | )      | -            |   |        |   |
|        Total                comprehensive income |       |       |   |        |   |      |   |         |   | 5,386,826   |   |
|                                                                                |       |       |   |        |   |      |   |         |   |        |   |
| Dividends                paid, $.0938 per share                                     | -          | -          |   | (1,400,574  | )      | -         |   | -            |   | (1,400,574  | )      |
| Dividends                declared, $.0506 per                                       |       |       |   |        |   |      |   |         |   |        |   |
|      share                                                 | -          | -          |   | (757,029    | )      | -         |   | -            |   | (757,029    | )      |
| Stock-based                compensation                                             | -          | 245,402    |   | -           |   | -         |   | -            |   | 245,402     |   |
| Stock                option transactions                                            | -          | 19,328     |   | -           |   | -         |   | 127,845      |   | 147,173     |   |
| **Balances,                October 31, 2006**                                       | $1,284,661 | $7,828,910 |   | $73,677,065 |   | ($123,946 | )      | ($11,506,654 | )      | $71,160,036 |   |

| See                accompanying notes to consolidated financial statements. |   |   |   |   |
|-----------------------------------------------------------------------------|--------|--------|--------|--------|

----

Index

**MET-PRO            CORPORATION**

**CONSOLIDATED      STATEMENT OF CASH      FLOWS**

**(unaudited)**

|   |   |   |                                 |
|--------|--------|--------|--------------------------------------|
|   |   |   | **Nine                Months Ended** |
|   |   |   | **October                31,**       |

|   |   |   | **                 2007** |   |                    2006 |   |
|--------|--------|--------|--------------------------------|--------|----------------------------------------|--------|

**INCREASE      (DECREASE) IN CASH AND CASH EQUIVALENTS**

| **Cash                flows from operating activities**                                                                                                                                                |   |   |            |   |        |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|-----------------|--------|-------------|--------|
|    Net                income                                                                                                                                                            |   |   | **$9,192,083**  |   | $5,188,951  |   |
| **   **Adjustments                to reconcile net income to net           cash                provided by operating activities: |   |   |            |   |        |   |
| **       **Depreciation                and amortization                                                                                                             |   |   | **1,284,648**   |   | 1,183,326   |   |
|        Deferred                income taxes                                                                                                                         |   |   | **904,000**     |   | (1,659      | )      |
|        (Gain)                loss on sale of property and equipment, net                                                                                            |   |   | **(3,540,578**  | **)**  | 11,754      |   |
|        Stock-based                compensation                                                                                                                      |   |   | **382,581**     |   | 245,402     |   |
|        Allowance                for doubtful accounts                                                                                                               |   |   | **37,874**      |   | (67,424     | )      |
|        (Increase)                decrease in operating assets:                                                                                                      |   |   |            |   |        |   |
|            Accounts                receivable                                                                                                   |   |   | **(1,505,335**  | **)**  | (1,842,257  | )      |
|            Inventories                                                                                                                          |   |   | **(1,231,232**  | **)**  | (2,414,105  | )      |
|            Prepaid                expenses, deposits and other current assets                                                                   |   |   | **243,937**     |   | 202         |   |
|            Other                assets                                                                                                          |   |   | **(6,776**      | **)**  | 25,421      |   |
|        Increase                (decrease) in operating liabilities:                                                                                                 |   |   |            |   |        |   |
|            Accounts                payable and accrued expenses                                                                                 |   |   | **902,945**     |   | 2,064,990   |   |
|            Customers’                advances                                                                                             |   |   | **(391,030**    | **)**  | (621,249    | )      |
|            Other                non-current liabilities                                                                                         |   |   | **16,960**      |   | 1,648       |   |
|          Net                cash provided by operating activities                                                                                         |   |   | **6,290,077**   |   | 3,775,000   |   |
|                                                                                                                                                                                                   |   |   |            |   |        |   |
| **Cash                flows from investing activities**                                                                                                                                                |   |   |            |   |        |   |
|    Proceeds                from sale of property and equipment                                                                                                                          |   |   | **4,377,115**   |   | 14,310      |   |
|    Acquisitions                of property and equipment                                                                                                                                |   |   | **(4,200,072**  | **)**  | (4,192,649  | )      |
|    Securities                available for sale                                                                                                                                         |   |   | **-**           |   | (21,820     | )      |
|          Net                cash provided by (used in) investing activities                                                                               |   |   | **177,043**     |   | (4,200,159  | )      |
|                                                                                                                                                                                                   |   |   |            |   |        |   |
| **Cash                flows from financing activities**                                                                                                                                                |   |   |            |   |        |   |
|    Proceeds                from new borrowings                                                                                                                                          |   |   | **-**           |   | 4,306,406   |   |
|    Reduction                of debt                                                                                                                                                     |   |   | **(1,119,526**  | **)**  | (1,103,380  | )      |
|    Exercise                of stock options                                                                                                                                             |   |   | **1,081,835**   |   | 147,173     |   |
|    Payment                of dividends                                                                                                                                                  |   |   | **(2,274,699**  | **)**  | (2,100,393  | )      |
|    Purchase                of treasury shares                                                                                                                                           |   |   | **(630,516**    | **)**  | -           |   |
|          Net                cash provided by (used in) financing activities                                                                               |   |   | **(2,942,906**  | **)**  | 1,249,806   |   |
| Effect                of exchange rate changes on cash                                                                                                                                                 |   |   | **(75,711**     | **)**  | 29,722      |   |
|                                                                                                                                                                                                   |   |   |            |   |        |   |
| **Net                increase in cash and cash equivalents**                                                                                                                                           |   |   | **3,448,503**   |   | 854,369     |   |
|                                                                                                                                                                                                   |   |   |            |   |        |   |
| Cash                and cash equivalents at February 1                                                                                                                                                 |   |   | **17,322,194**  |   | 17,683,305  |   |
| **Cash                and cash equivalents at October 31**                                                                                                                                             |   |   | **$20,770,697** |   | $18,537,674 |   |
| See                accompanying notes to consolidated financial statements.                                                                                                                            |   |   |            |   |

----

Index

**MET-PRO            CORPORATION**

**NOTES      TO CONSOLIDATED FINANCIAL      STATEMENTS**

**NOTE      1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES**

**Recent      Accounting Pronouncements**

----

Index

**MET-PRO            CORPORATION**

**NOTES      TO CONSOLIDATED FINANCIAL STATEMENTS**

*“*
*. *

**Treasury      Share Retirement:**

**Stock      Splits**

| **NOTE                  2 – PRINCIPLES OF CONSOLIDATION** |   |
|-----------------------------------------------------------------|--------|

----

Index

**MET-PRO            CORPORATION**

**NOTES      TO CONSOLIDATED FINANCIAL STATEMENTS**

| **NOTE                3 - BASIS OF PRESENTATION** |   |
|---------------------------------------------------|--------|

**NOTE      4 – STOCK-BASED      COMPENSATION**

**Stock      Options:**

|                                         |    Nine                Months Ended |
|----------------------------------------------|----------------------------------------------------|
|                                         | October                31,                         |
|                                         | 2007                                               |   | 2006 |
|  Expected                term (years)   | 5.0                                                |   | 5.0 |
|  Risk-free                interest rate | 4.50%                - 4.58%                       |   | 3.63%                - 4.58% |
|  Expected                volatility     | 29%                - 30%                           |   | 30%                - 32% |
|  Dividend                yield          | 1.86%                - 3.39%                       |   | 2.26%                - 3.39% |

----

Index

**MET-PRO            CORPORATION**

**NOTES      TO CONSOLIDATED FINANCIAL STATEMENTS**

|     |                                           |      |                          | Weighted                    |                           |
|----------|------------------------------------------------|-----------|-------------------------------|-----------------------------|--------------------------------|
|     |                                           |      | Weighted                      | Average                     |                           |
|     |                                           |      | Average                       | Remaining                   | Aggregate                      |
|     |                                           | Shares    | Exercise                Price | Life                (years) | Intrinsic                Value |
| Options: |                                           |      |                          |                        |
|     | Outstanding                at February 1, 2007 | 1,275,921 | $8.0169                       | 7.49                        |                           |
|     | Granted                                        | -         | -                             |                        |                           |
|     | Forfeited                                      | 16,890    | -                             |                        |                           |
|     | Expired                                        | -         | -                             |                        |                           |
|     | Exercised                                      | 136,578   | 7.9211                        |                        |                           |
|     | Outstanding                at October 31, 2007 | 1,122,453 | $7.9911                       | 6.73                        | $5,568,938                     |
|     |                                           |      |                          |                        |                           |
|     | Exercisable                at October 31, 2007 | 830,003   | $7.1175                       | 6.73                        | $4,843,067                     |

|                               |   | Options                Outstanding |                            | Options                Exercisable |
|------------------------------------|--------|------------------------------------|---------------------------------|------------------------------------|
|                               |   |                               | Weighted                Average |                               |   |   |   |
|                               |   |                               | Remaining                       | Weighted                Average    |   |   | Weighted                Average |
|                               |   | Shares                             | Life                (years)     | Exercise                Price      |   | Shares | Exercise                Price |
| Range                of prices:    |   |                               |                            |                               |   |   |   |   |   |   |   |   |
| $4.11                – 4.49  |   | 43,973                             |                            | 2.20                               |   | $4.1650 |   |   | 43.973 |   | $4.165 |   |
| $4.50                – 5.24  |   | 79,176                             |                            | 3.37                               |   | 5.1048 |   |   | 79,176 |   | 5.1048 |   |
| $5.25                – 6.74  |   | 245,510                            |                            | 4.99                               |   | 5.5307 |   |   | 245,510 |   | 5.5307 |   |
| $6.75                – 8.99  |   | 184,008                            |                            | 7.42                               |   | 7.4110 |   |   | 184,008 |   | 7.4110 |   |
| $9.00                – 9.74  |   | 344,453                            |                            | 7.51                               |   | 9.3052 |   |   | 277,336 |   | 9.37 |   |
| $9.75                – 11.24 |   | 225,333                            |                            | 9.26                               |   | 10.8975 |   |   | - |   | - |   |
|                               |   | 1,122,453                          |                            | 6.73                               |   | $7.9911 |   |   | 830,003 |   | $7.1175 |   |

**NOTE      5 – MARKETABLE SECURITIES**

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Index

**MET-PRO            CORPORATION**

**NOTES      TO CONSOLIDATED FINANCIAL STATEMENTS**

**NOTE      6 – INVENTORIES**

|   | October                31, |   |  January                31, |
|--------|----------------------------|--------|----------------------------------|
|   | 2007                       |   | 2007                             |

| Raw                materials    | $15,129,197 |   | $13,596,396 |
|---------------------------------|-------------|--------|-------------|
| Work                in progress | 3,002,458   |   | 2,365,479   |
| Finished                goods   | 2,665,850   |   | 3,334,404   |
|                            | $20,797,505 |   | $19,296,279 |

**NOTE      7 – SUPPLEMENTAL CASH FLOW INFORMATION**

|                                                        |                         |  Nine                Months Ended |
|-------------------------------------------------------------|------------------------------|----------------------------------------|
|                                                        |                         | October                31,             |
|                                                        |     2007 |                                   | 2006 |
|   Cash                paid during the period for: |                         |                                   |   |
|      Interest                      | $255,828                     |                                   | $247,049 |
|      Income                taxes   | 3,592,573                    |                                   | 2,834,775 |

**NOTE      8 – INCOME TAXES**

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Index

**MET-PRO            CORPORATION**

**NOTES      TO CONSOLIDATED FINANCIAL STATEMENTS**

| **NOTE                  9 – DEBT** |   |
|------------------------------------------|--------|

|   | October                31, |   |                    January 31, |
|--------|----------------------------|--------|-----------------------------------------------|
|   | 2007                       |   |                     2007  |

|                                                                                                        |       |   |       |
|-------------------------------------------------------------------------------------------------------------|------------|--------|------------|
| Bond                payable, bank, payable in quarterly installments of                                     |       |   |       |
|      $58,460,                plus interest at a rate of 16 basis points below      |       |   |       |
|      the                ninety day LIBOR rate (effective interest rate of 5.19%    |       |   |       |
|      at                October 31, 2007), maturing April, 2021, collateralized     |       |   |       |
|      by                the Telford, PA building                                    | $3,156,864 |   | $3,332,246 |
|                                                                                                        |       |   |       |
| Note                payable, bank, payable in quarterly installments of                                     |       |   |       |
|      $300,000,                plus interest at a rate of 75 basis points over      |       |   |       |
|      the                ninety day LIBOR rate (effective interest rate of 6.10%    |       |   |       |
|      at                October 31, 2007), maturing October, 2008                   | 1,500,000  |   | 2,400,000  |
|                                                                                                        |       |   |       |
| Note                payable, bank, payable in quarterly installments of                                     |       |   |       |
|      $36,215                (25,000 Euro), plus interest at a fixed rate of 3.82%, |       |   |       |
|      maturing                January, 2016                                         | 1,195,096  |   | 1,173,061  |
|                                                                                                        |       |   |       |
| Line                of credit, $434,580 (300,000 Euro), payable upon demand,                                |       |   |       |
|      plus                interest at a rate of 70 basis points over the thirty day |       |   |       |
|      EURIBOR                rate (effective interest rate of 5.30% at              |       |   |       |
|      October                31, 2007)                                              | 434,580    |   | 391,020    |
|                                                                                                        | 6,286,540  |   | 7,296,327  |
| Less                current portion                                                                         | 2,013,282  |   | 1,955,202  |
|                                                                                                        | 4,273,258  |   | 5,341,125  |
| Fair                market value of interest rate swap liability                                            | 549        |   | 76,865     |
| Long-term                portion                                                                            | $4,273,807 |   | $5,417,990 |

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Index

**MET-PRO            CORPORATION**

**NOTES      TO CONSOLIDATED FINANCIAL STATEMENTS**

| **Year                Ending** |       |
|--------------------------------|------------|
| **January                31,** |       |
| 2008                           | $2,013,282 |
| 2009                           | 1,578,700  |
| 2010                           | 378,700    |
| 2011                           | 378,700    |
| 2012                           | 378,700    |
| Thereafter                     | 1,558,458  |
|                           | $6,286,540 |

**NOTE      10 – ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)**

|                                                                        | October                31, |   | January                31, |   |
|-----------------------------------------------------------------------------|----------------------------|--------|----------------------------|--------|
|                                                                        | 2007                       |   | 2007                       |   |
| Interest                rate swap, net of tax                               | ($346                      | )      | ($48,425                   | )      |
| Unrealized                gain on securities available-for sale, net of tax | 593                        |   | 1,430                      |   |
| Foreign                currency translation adjustment                      | 1,305,695                  |   | 691,730                    |   |
| Minimum                pension liability adjustment, net of tax             | (678,206                   | )      | (678,206                   | )      |
|                                                                        | $627,736                   |   | ($33,471                   | )      |

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Index

**MET-PRO            CORPORATION**

**NOTES      TO CONSOLIDATED FINANCIAL STATEMENTS**

**NOTE      11 – OTHER INCOME, NET**

|                                             | Nine                Months Ended |   |  Three                Months Ended |   |
|--------------------------------------------------|----------------------------------|--------|-----------------------------------------|--------|
|                                             | October                31,       |   | October                31,              |   |
|                                             |   2007                 |   | 2006                                    |   | 2007 |   |      2006 |   |
| Interest                income                   | $745,161                         |   | $736,050                                |   | $216,133 |   | $242,066 |   |
| Other                miscellaneous income (loss) | (30                              | )      | 23,662                                  |   | 12,605 |   | 12,395 |   |
|                                             | $745,131                         |   | $759,712                                |   | $228,738 |   | $254,461 |   |

**NOTE      12 – EMPLOYEE BENEFIT PLANS**

| The                Company has several defined benefit pension plans covering eligible                employees in the United States.  In the third quarter ended                October 31, 2006, the Company amended its defined benefit pension                plans to                freeze the accrual of future benefits for all its salaried and non-union                hourly employees effective on December 31, 2006. The net periodic                pension                cost is based on estimated values provided by independent actuaries.                The                following table provides the components of net periodic pension                costs: |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                                              | Pension                Benefits        |   |                              |
|---------------------------------------------------|----------------------------------------|--------|-----------------------------------|
|                                              |  Nine                Months Ended |   | Three                Months Ended |   |   |
|                                              | October                31,             |   | October                31,        |   |   |
|                                              |     2007           |   |   2006                  |   |       2007 |   |  2006 |   |   |
| Service                cost                       | $111,192                               |   | $523,584                          |   | $37,064 |   | $169,460 |   |   |
| Interest                cost                      | 780,123                                |   | 764,040                           |   | 260,041 |   | 228,226 |   |   |
| Expected                return on plan assets     | (944,625                               | )      | (877,394                          | ) | (314,875 | ) | (292,464 | ) |   |
| Amortization                of transition asset   | (1,113                                 | )      | (24,986                           | ) | (371 | ) | (16,928 | ) |   |
| Amortization                of prior service cost | 26,085                                 |   | 62,416                            |   | 8,695 |   | 13,010 |   |   |
| Recognized                net actuarial loss      | 30,552                                 |   | 63,726                            |   | 10,184 |   | 12,048 |   |   |
| Curtailment                loss                   | -                                      |   | 234,180                           |   | - |   | 234,180 |   |   |
| Net                periodic benefit cost          | $2,214                                 |   | $745,566                          |   | $738 |   | $347,532 |   |   |

| The                  Company contributed $77,011 to the pension plans during the nine-month                  period ended October 31, 2007 and expects an additional contribution                  of                  $26,311 during the three-month period ended January 31,                  2008. |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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Index

**MET-PRO            CORPORATION**

**NOTES      TO CONSOLIDATED FINANCIAL STATEMENTS**

**NOTE      13 – BUSINESS SEGMENT DATA**

*Product      Recovery/Pollution Control Technologies:*

*Fluid      Handling Technologies:*

*Filtration/Purification      Technologies*

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Index

**MET-PRO            CORPORATION**

**NOTES      TO CONSOLIDATED FINANCIAL STATEMENTS**

|                                                                                         |  Nine                Months Ended |  Three                Months Ended                  |
|----------------------------------------------------------------------------------------------|----------------------------------------|----------------------------------------------------------|
|                                                                                         | October                31,             |      October                31, |
|                                                                                         |     2007           |                                                     |       2006 |   |      2007 |   |          2006 |
| **Net                sales**                                                                 |                                   |                                                     |   |   |   |   |   |
|      Product                recovery/pollution control technologies | $40,596,227                            |                                                     | $35,083,198 |   | $15,496,497 |   | $12,991,946 |
|      Fluid                handling technologies                     | 20,616,228                             |                                                     | 19,440,477 |   | 7,204,658 |   | 7,416,844 |
|      Filtration/purification                technologies            | 16,359,759                             |                                                     | 14,358,175 |   | 5,358,361 |   | 4,915,137 |
|                                                                                         | $77,572,214                            |                                                     | $68,881,850 |   | $28,059,516 |   | $25,323,927 |
|                                                                                         |                                   |                                                     |   |   |   |   |   |
| **Income                from operations**                                                    |                                   |                                                     |   |   |   |   |   |
|      Product                recovery/pollution control technologies | $4,606,921                             |                                                     | $3,140,233 |   | $2,012,537 |   | $1,734,161 |
|      Fluid                handling technologies                     | 4,325,164                              |                                                     | 3,054,544 |   | 1,592,550 |   | 1,320,796 |
|      Filtration/purification                technologies            | 1,056,861                              |                                                     | 1,046,732 |   | 425,549 |   | 109,000 |
|                                                                                         | 9,988,946                              |                                                     | 7,241,509 |   | 4,030,636 |   | 3,163,957 |
|      Gain                on sale of building                        | 3,513,940                              |                                                     | - |   | - |   | - |
|                                                                                         | $13,502,886                            |                                                     | $7,241,509 |   | $4,030,636 |   | $3,163,957 |

|                                                           |    October                31, |   | January                31, |
|----------------------------------------------------------------|----------------------------------------------|--------|----------------------------|
|                                                           |    2007                       |   | 2007                       |
| **Identifiable                assets**                         |                                         |   |                       |
| Product                recovery/pollution control technologies | $37,407,259                                  |   | $35,332,252                |
| Fluid                handling technologies                     | 22,206,857                                   |   | 21,667,719                 |
| Filtration/purification                technologies            | 20,806,083                                   |   | 20,514,339                 |
|                                                           | 80,420,199                                   |   | 77,514,310                 |
| Corporate                                                      | 25,769,606                                   |   | 19,652,276                 |
|                                                           | $106,189,805                                 |   | $97,166,586                |

**NOTE      14 – ACCOUNTANTS’ 10-Q REVIEW**

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Index

**MET-PRO            CORPORATION**

**REPORT      OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING      FIRM**

| To              the Board of Directors  |   |
|----------------------------------------------|--------|
| Met-Pro                  Corporation |   |
|--------------------------------------|--------|

| Harleysville,                  Pennsylvania |   |
|---------------------------------------------|--------|

|   |  /s/              Margolis & Company P.C. |
|--------|----------------------------------------------------|
|   |  Certified              Public Accountants    |

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Index

**MET-PRO            CORPORATION**

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

*The      following discussion should be read in conjunction with, and is qualified in      its      entirety by, the Unaudited Consolidated Financial Statements and Notes thereto      included elsewhere in this Quarterly Report on Form 10-Q. This item contains      forward-looking statements that involve risks and uncertainties. Actual results      may differ materially from those indicated in such forward-looking statements.      Factors that may cause such a difference include, but are not limited to, those      discussed in “Item 1A: Risk Factors” of our Annual Report on Form 10-K for      the year ended January 31, 2007.*

***Results      of Operations:***

|   |   |  **Nine                Months Ended** |   |  **Three                Months Ended** |   |
|--------|--------|--------------------------------------------|--------|---------------------------------------------|--------|
|   |   | **October                31,**             |   | **October                31,**              |   |
|   |   | **                 2007**             |   | **   2006**                  |   | **                   2007** |   | **                    2006** |   |

| Net                sales                           |   | **100.0%** |   | 100.0% |   | **100.0%**     |   | 100.0%     |   |
|----------------------------------------------------|--------|------------|--------|--------|--------|----------------|--------|------------|--------|
| Cost                of goods sold                  |   | **67.7%**  |   | 69.6%  |   | **67.5%**      |   | 67.2%      |   |
| Gross                profit                        |   | **32.3%**  |   | 30.4%  |   | **32.5%**      |   | 32.8%      |   |
|                                               |   |       |   |   |   |           |   |       |   |
| Selling                expenses                    |   | **8.6%**   |   | 9.1%   |   | **7.5%**       |   | 9.1%       |   |
| General                and administrative expenses |   | **10.8%**  |   | 10.7%  |   | **10.6%**      |   | 11.3%      |   |
| Gain                on sale of building            |   | **(4.5%**  | **)**  | -      |   | **-**          |   | -          |   |
| Income                from operations              |   | **17.4%**  |   | 10.6%  |   | **14.4%**      |   | 12.4%      |   |
|                                               |   |       |   |   |   |           |   |       |   |
| Interest                expense                    |   | **(.3%**   | **)**  | (.4%   | )      | **(.3%**       | **)**  | (.4%       | )      |
| Other                income, net                   |   | **1.0%**   |   | 1.1%   |   | **.8%**        |   | 1.0%       |   |
| Income                before taxes                 |   | **18.1%**  |   | 11.3%  |   | **14.9%**      |   | 13.0%      |   |
|                                               |   |       |   |   |   |           |   |       |   |
| Provision                for taxes                 |   | **6.2%**   |   | 3.7%   |   | ** 5.0%** |   |  4.5% |   |
| Net                income                          |   | **11.9%**  |   | 7.6%   |   | ** 9.9%** |   |  8.5% |   |

***Nine      Months Ended October 31, 2007 vs. Nine Months Ended October 31,      2006***

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Index

**MET-PRO            CORPORATION**

**Item      2.  **
***Management’s Discussion and***
***Analysis      of Financial Condition and Results of Operations      continued…***

----

Index

**MET-PRO            CORPORATION**

**Item      2.   *Management’s Discussion and Analysis of Financial Condition      and Results of Operations continued…***

***Three      Months Ended October 31, 2007 vs. Three Months Ended October 31,      2006***

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Index

**MET-PRO            CORPORATION**

**Item      2.   *Management’s Discussion and Analysis of Financial Condition      and Results of Operations continued…***

***Liquidity:***

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Index

**MET-PRO            CORPORATION**

**Item      2.  *Management’s Discussion and Analysis of Financial Condition      and Results of Operations**continued…***

***Capital      Resources and Requirements:***

***Critical      Accounting Policies and Estimates:***

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Index

**MET-PRO            CORPORATION**

**Item      2.  *Management’s Discussion and Analysis of Financial Condition      and Results of Operations**continued…***

***Cautionary      Statement Concerning Forward-Looking Statements:***

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Index

**MET-PRO            CORPORATION**

**Item      2.  *Management’s Discussion and Analysis of Financial Condition      and Results of Operations**continued…***

| ●   | the                write-down of costs in excess of net assets of businesses acquired                (goodwill), as a result of the determination that the acquired business                is                impaired.  Our Flex-Kleen business unit, which initially                performed well after being acquired by Met-Pro, thereafter had several                years of declining performance which we attributed primarily to a                general                weakness in its served markets, followed by improved performance                in the                fiscal years ended January 31, 2007, 2006 and 2005.  During the                fiscal year ended January 31, 2007, we performed an impairment analysis                of                the $11.1 million of goodwill that the Company carries for Flex-Kleen                and                concluded that no impairment had occurred.  For the nine-month                period ended October 31, 2007, the annualized projection for net                sales and                operating profit for our Flex-Kleen business unit currently exceeds                the                projections used in our annual impairment model for the fiscal year                ended                January 31, 2008; |
|---------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ●   | materially                adverse changes in economic conditions in the markets served by us                or in                significant customers of ours; |
|---------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ●   | material                changes in available technology; |
|---------------------|----------------------------------------------------------|

| ●   | adverse                developments in the asbestos cases that have been filed against the                Company, including without limitation the exhaustion of insurance                coverage, the insolvency of our insurance carriers, the imposition                of                punitive damages or other adverse developments in the availability                of                insurance coverage; |
|---------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ●   | changes                in accounting rules promulgated by regulatory agencies, including                the SEC,                which could result in an impact on                earnings; |
|---------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ●   | the                cost of compliance with Sarbanes-Oxley and other applicable legal                and                listing requirements, and the unanticipated possibility that Met-Pro                may                not meet these requirements; |
|---------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ●   | unexpected                results in our product development                activities; |
|---------------------|-----------------------------------------------------------------------------------------|

| ●   | loss                of key customers; |
|---------------------|---------------------------------------|

| ●   | changes                in product mix and the cost of materials, with effect on                margins; |
|---------------------|---------------------------------------------------------------------------------------------------------|

| ●   | changes                in our existing management; |
|---------------------|----------------------------------------------------|

| ●   | exchange                rate fluctuations; |
|---------------------|--------------------------------------------|

| ●   | changes                in federal laws, state laws and                regulations; |
|---------------------|------------------------------------------------------------------------------------|

| ●   | lower                than anticipated return on investments in the Company’s defined benefit                plans, which could affect the amount of the Company’s pension                liabilities; |
|---------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ●   | the                assertion of litigation claims that the Company’s products, including                products produced by companies acquired by the Company, infringe                third                party patents or have caused injury, loss or                damage; |
|---------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ●   | the                effect of acquisitions and other strategic                ventures; |
|---------------------|----------------------------------------------------------------------------------------|

| ●   | failure                to properly quote and/or execute customer orders, including                misspecifications, design, engineering or production                errors; |
|---------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ●   | the                cancellation or delay of purchase orders or                shipments; |
|---------------------|------------------------------------------------------------------------------------------|

| ●   | losses                related to international sales;                and/or |
|---------------------|-----------------------------------------------------------------------------|

| ●   | failure                in execution of acquisition                strategy. |
|---------------------|-----------------------------------------------------------------------------|

**Item      3.  *Qualitative and Quantitative Disclosures About      Market Risk***

We      are exposed to certain market risks, primarily changes in      interest rates.  There have been no significant changes in our      exposure to market risks since January 31, 2007.  Refer to“Item 7A. Quantitative and Qualitative Disclosure About Market Risks” of      the Company’s Annual Report on Form 10-K for the fiscal year ended      January 31, 2007 for additional information.

**Item      4.  *Controls and      Procedures***

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Index

**MET-PRO            CORPORATION**

**Item      4.  *Controls and Procedures continued…***

**PART      II – OTHER INFORMATION**

**Item      1. *****Legal      Proceedings***

*Certain      of the statements made in this Item 1 (and elsewhere in this Report) are“forward-looking” statements which are subject to the considerations set forth      in “Cautionary Statement Regarding Forward-Looking Statements” located in the      Management’s Discussion and Analysis of Financial Condition and Results of      Operations section of this Report, and we refer you to these      considerations.*

**Item      1A.  *Risk      Factors***

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Index

**MET-PRO            CORPORATION**

**Item      2.   *Unregistered      Sales of Equity Securities and Use of Proceeds***

| (a)        | During                the third quarter ended October 31, 2007, we did not sell any of                our                equity securities that were not registered under the Securities Act                of                1933 |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|            |                                                                                                                                                                                                                               |
|  (b)  | Not                applicable.                                                                                                                                                                                                     |
|            |                                                                                                                                                                                                                               |
|  (c)  | The              following table summarizes Met-Pro’s purchases of its Common Shares for              the quarter ended October 31, 2007:                                                                                    |

**Issuer      Purchases of**

**Equity      Securities**

| Period                              |   | TotalNumber                of SharesPurchased |   | AveragePrice                PaidPer                Share |   | TotalNumber                ofSharesPurchasedAs                Part ofPubliclyAnnouncedPlans                orPrograms |   | MaximumNumber                ofSharesThat                MayYet                bePurchasedUnder                thePlan                orPrograms |           (1) |
|-------------------------------------|--------|-----------------------------------------------|--------|----------------------------------------------------------|--------|-----------------------------------------------------------------------------------------------------------------------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------|-----------------------------------------------------------------|
|                                |   |                                          |   |                                                     |   |                                                                                                                  |   |                                                                                                                                             |                                                            |
| August                1-31, 2007    |   | 0                                             |   | $        -       |   | 0                                                                                                                     |   | 361,224                                                                                                                                          |                                                            |
| September                1-30, 2007 |   | 0                                             |   | -                                                        |   | 0                                                                                                                     |   | 361,224                                                                                                                                          |                                                            |
| October                1-31, 2007   |   | 51,205                                        |   | 12.32                                                    |   | 51,205                                                                                                                |   | 310,019                                                                                                                                          |                                                            |
| Total                               |   | 51,205                                        |   |      $12.32                     |   | 51,205                                                                                                                |   | 310,019                                                                                                                                          |                                                            |

| (1)   | On                December 15, 2000, our Board of Directors authorized a Common Share                repurchase program that was publicly announced on December 19, 2000,                for                up to 711,111 (adjusted for the four-for-three stock split)                shares.  The program has no fixed expiration                date. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**Item      3.  *****Defaults Upon Senior      Securities***

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

**Item      5.   *Other      Information***

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Index

**MET-PRO            CORPORATION**

**Item      6.   *Exhibits***

| (a)                                         |   | Exhibits                Required by Item 601 of Regulation S-K |
|---------------------------------------------|--------|----------------------------------------------------------------|
|                                        |   |                                                           |
|                                        |   | Exhibit                No.                                     |   | Description |
|                                        |   |                                                           |   |   |
|                                        |   | (31.1)                                                         |   | Certification                of the Chief Executive Officer |
|                                        |   |                                                           |   | Pursuant                to Section 302 of the |
|                                        |   |                                                           |   | Sarbanes-Oxley                Act of 2002.* |
|                                        |   |                                                           |   |   |
|                                        |   | (31.2)                                                         |   | Certification                of the Chief Financial Officer |
|                                        |   |                                                           |   | Pursuant                to Section 302 of the |
|                                        |   |                                                           |   | Sarbanes-Oxley                Act of 2002.* |
|                                        |   |                                                           |   |   |
|                                        |   | (32.1)                                                         |   | Certification                of the Chief Executive Officer |
|                                        |   |                                                           |   | Pursuant                to 18 U.S.C. Section 1350, as adopted |
|                                        |   |                                                           |   | Pursuant                to Section 906 of Sarbanes-Oxley Act of 2002.* |
|                                        |   |                                                           |   |   |
|                                        |   | (32.2)                                                         |   | Certification                of the Chief Financial Officer |
|                                        |   |                                                           |   | Pursuant                to 18 U.S.C. Section 1350, as adopted |
|                                        |   |                                                           |   | Pursuant                to Section 906 of Sarbanes-Oxley Act of 2002.* |
|                                        |   |                                                           |   |   |
| *  Filed                herewith. |   |                                                           |

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Index

**MET-PRO            CORPORATION**

**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. |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                            |   | **Met-Pro                Corporation**                     |
|---------------------------------|--------|------------------------------------------------------------|
|                            |   | (Registrant)                                               |
|                            |   |                                                       |
|                            |   |                                                       |
| December                3, 2007 |   | /s/                Raymond J. De Hont                      |
|                            |   | **Raymond                J. De Hont**                      |
|                            |   | **Chairman,                President and Chief Executive** |
|                            |   | **Officer**                                                |
|                            |   |                                                       |
|                            |   |                                                       |
| December                3, 2007 |   | /s/                Gary J. Morgan                          |
|                            |   | **Gary                J. Morgan**                          |
|                            |   | **Senior                Vice President of Finance,**       |
|                            |   | **Secretary                and Treasurer, Chief**          |
|                            |   | **Financial                Officer, Chief Accounting**     |
|                            |   | **Officer                and Director**                    |
|                            |   |                                                       |
|                            |   |                                                       |

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Index