Exhibit 31.2


                             THE MONARCH CEMENT COMPANY
                     SECTION 13a-14(a)/15d-14(a) CERTIFICATIONS

    I, Debra P. Roe, certify that:

1.  I have reviewed this Quarterly Report on Form 10-Q of The Monarch Cement
    Company;

2.  Based on my knowledge, this report does not contain any untrue statement
    of a material fact or omit to state a material fact necessary to make
    the statements made, in light of the circumstances under which such
    statements were made, not misleading with respect to the period covered
    by this report;

3.  Based on my knowledge, the financial statements, and other financial
    information included in this report, fairly present in all material
    respects the financial condition, results of operations and cash flows
    of the registrant as of, and for, the periods presented in this report;

4.  The registrant's other certifying officer and I are responsible for
    establishing and maintaining disclosure controls and procedures (as
    defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) for the
    registrant and have:

    a)  designed such disclosure controls and procedures, or caused such
        disclosure controls and procedures to be designed under our
        supervision, to ensure that material information relating to
        the registrant, including its consolidated subsidiaries, is made
        known to us by others within those entities, particularly during
        the period in which this report is being prepared;

    b)  evaluated the effectiveness of the registrant's disclosure controls
        and procedures and presented in this report our conclusions about
        the effectiveness of the disclosure controls and procedures, as of
        the end of the period covered by this report based on such
        evaluation;

    c)  disclosed in this report any change in the registrant's internal
        control over financial reporting that occurred during the
        registrant's most recent fiscal quarter that has materially affected,
        or is reasonably likely to materially affect, the registrant's
        internal control over financial reporting; and

5.  The registrant's other certifying officer and I have disclosed,
    based on our most recent evaluation of internal control over financial
    reporting, to the registrant's auditors and the audit committee of
    the registrant's board of directors (or persons performing the equivalent
    function):

    a)  all significant deficiencies and material weaknesses in the design or
        operation of internal control over financial reporting which are
        reasonably likely to adversely affect the registrant's ability to
        record, process, summarize and report financial information; and

    b)  any fraud, whether or not material, that involves management or other
        employees who have a significant role in the registrant's internal
        control over financial information.


Date:  November 12, 2004
                                           /s/ Debra P. Roe
                                           Debra P. Roe, CPA
                                           Chief Financial Officer and
                                           Assistant Secretary-Treasurer