UNITED STATES
                SECURITIES AND EXCHANGE COMMISSION
                      Washington, D.C. 20549

                           FORM 10-QSB

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

               For the Quarter Ended March 31, 1999

                                OR

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

     For the transition period from            to            

                  Commission File Number 0-23737

                   SILVER RAMONA MINING COMPANY
(Exact name of small business issuer as specified in its charter)

            Idaho                           82-0290939
(State or other jurisdiction of         (I.R.S. Employer
incorporation or organization)          Identification No.)

           211 West Elder Avenue, Kellogg, Idaho 83837
             (Address of principal executive offices)

Registrant's telephone no., including area code:  (208) 786-7572

     Check whether the issuer (1) filed all reports required to be
filed by Section 13 or 15(d) of the Securities Exchange Act of 1934
during the past 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been
subject to such filing requirements for the past 90 days.
Yes   X   No       

               APPLICABLE ONLY TO CORPORATE ISSUERS

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

            Class                   Outstanding as of March 31, 1999

Common Stock, $.001 par value                   1,907,984
<PAGE>

                        TABLE OF CONTENTS

Heading                                                                  Page
                  PART I.  FINANCIAL INFORMATION

Item 1.   Financial Statements. . . . . . . . . . . . . . . . . .          3

          Balance Sheets -- March 31, 1999 and December 31, 1998.          4

          Statements of Operations -- three months ended 
            March 31, 1999 and 1998 . . . . . . . . . . . . . . .          5

          Statements of Stockholders' Equity  . . . . . . . . . .          6

          Statements of Cash Flows -- three months ended 
            March 31, 1999 and 1998 . . . . . . . . . . . . . . .          8

          Notes to Financial Statements . . . . . . . . . . . . .         10

Item 2.   Management's Discussion and Analysis and
            Results of Operations. . . . . . . . . . . . . . . . .        12

                    PART II. OTHER INFORMATION

Item 1.   Legal Proceedings. . . . . . . . . . . . . . . . . . . .        14

Item 2.   Changes In Securities. . . . . . . . . . . . . . . . . .        14

Item 3.   Defaults Upon Senior Securities. . . . . . . . . . . . .        14

Item 4.   Submission of Matters to a Vote of
            Securities Holders . . . . . . . . . . . . . . . . . .        14

Item 5.   Other Information. . . . . . . . . . . . . . . . . . . .        14

Item 6.   Exhibits and Reports on Form 8-K . . . . . . . . . . . .        14

          SIGNATURES . . . . . . . . . . . . . . . . . . . . . . .        15
<PAGE>

                              PART I

Item 1.   Financial Statements

     The following unaudited Financial Statements for the period
ended March 31, 1999, have been prepared by the Company.















                   SILVER RAMONA MINING COMPANY


                       FINANCIAL STATEMENTS

               March 31, 1999 and December 31, 1998
<PAGE>

                  SILVER RAMONA MINING COMPANY
                 (A Development Stage Company)
                         Balance Sheets
                                
                                
                             ASSETS

                                            March 31,   December 31,
                                              1999         1998  
                                          (Unaudited)  
CURRENT ASSETS

 Cash                                    $     -        $     -     

  TOTAL ASSETS                           $     -        $     -     

         LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)

LIABILITIES

 Accounts payable                        $    2,100     $      500

  Total Current Liabilities                   2,100            500

STOCKHOLDERS' EQUITY

 Common stock $0.10 par value; authorized
  3,000,000 shares; 1,907,984 shares issued
  and outstanding                           190,798        190,798
 Additional paid-in capital (deficit)       (79,494)       (79,494)
 Deficit accumulated during the 
  development stage                        (113,404)      (111,804)
   
  Total Stockholders' Equity (Deficit)       (2,100)          (500)

  TOTAL LIABILITIES AND STOCKHOLDERS'
   EQUITY (DEFICIT)                      $     -         $    -     
<PAGE>

                  SILVER RAMONA MINING COMPANY
                 (A Development Stage Company)
                    Statements of Operations
                          (Unaudited)

                                                                   From        
                                                               Inception on  
                                           For the                May 25,
                                     Three Months Ended        1967 Through 
                                          March 31,               March 31,
                                   1999             1998             1999  

REVENUES                      $      -         $      -         $      -  

EXPENSES                           (1,600)            -            (113,404)

NET LOSS FROM OPERATIONS           (1,600)            -            (113,404)

NET LOSS                      $    (1,600)     $      -         $  (113,404)

BASIC LOSS PER SHARE          $     (0.00)     $      0.00                

WEIGHTED AVERAGE NUMBER
 OF SHARES OUTSTANDING          1,907,984        1,907,984                

<PAGE>

                    SILVER RAMONA MINING COMPANY
                    (A Development Stage Company)
            Statements of Stockholders' Equity (Deficit)
        From Inception on May 25, 1967 through March 31, 1999

                                                                       Deficit
                                                        Additional   Accumulated
                                                          Paid-In     During the
                                      Common Stock        Capital    Development
                                   Shares     Amount     (Deficit)      Stage 

Inception on May 25, 1967             -     $    -      $     -      $     -  
  
Common stock issued for mining
 claims recorded at predecessor
 cost of $0.00 per share         1,200,000    120,000     (120,000)        -  

Common stock issued for
 services at $0.10 per share        10,000      1,000         -            - 

Common stock issued for
 cash at approximately $0.15
 per share                         697,984     69,798       34,600         -

Net loss from inception on
 May 25, 1967 through
 December 31, 1993                    -          -            -        (105,398)

Balance, December 31, 1993       1,907,984    190,798      (85,400)    (105,398)

Net loss for the year ended
 December 31, 1994                    -          -            -            - 

Balance, December 31, 1994       1,907,984    190,798      (85,400)    (105,398)

Net loss for the year ended
 December 31, 1995                    -          -            -            -

Balance, December 31, 1995       1,907,984    190,798      (85,400)    (105,398)

Net loss for the year ended
 December 31, 1996                    -          -            -          (3,959)

Balance, December 31, 1996       1,907,984    190,798      (85,400)    (109,357)

Capital contributed by
 shareholder                          -          -           4,713         -

Net loss for the year ended
 December 31, 1997                    -          -            -          (1,254)

Balance, December 31, 1997       1,907,984  $ 190,798   $  (80,687)  $ (110,611)
<PAGE>

                                
                  SILVER RAMONA MINING COMPANY
                 (A Development Stage Company)
    Statements of Stockholders' Equity (Deficit)(Continued)
     From Inception on May 25, 1967 through March 31, 1999

                                                                       Deficit
                                                         Additional  Accumulated
                                                           Paid-In    During the
                                      Common Stock         Capital   Development
                                   Shares     Amount      (Deficit)     Stage

Balance, December 31, 1997       1,907,984  $ 190,798   $  (80,687)  $ (110,611)

Capital contributed by
 shareholder                          -          -           1,193         - 

Net loss for the year ended
 December 31, 1998                    -          -            -          (1,193)

Balance, December 31, 1998       1,907,984    190,798      (79,494)    (111,804)

Net loss for the three months
 ended March 31, 1999
 (unaudited)                          -          -            -          (1,600)

Balance, March 31, 1999
 (unaudited)                     1,907,984  $ 190,798   $  (79,494)  $ (113,404)

<PAGE>

                  SILVER RAMONA MINING COMPANY
                 (A Development Stage Company)
                    Statements of Cash Flows
                          (Unaudited)
                                
                                
                                                                   From        
                                                               Inception on  
                                                For the           May 25,      
                                          Three Months Ended   1967 Through 
                                               March 31,         March 31,    
                                           1999        1998         1999        

CASH FLOWS FROM OPERATING
  ACTIVITIES:

 Loss from operations                   $ (1,600)    $   -       $ (113,404)
 Adjustments to reconcile net loss
  to net cash (used) by operating
  activities:
  Stock issued for services                 -            -            1,000
 Changes in operating liabilities:
  Increase (decrease) in accounts
   payable                                (1,600)        -            2,100

   Net Cash (Used) by
    Operating Activities                    -            -         (110,304)

CASH FLOWS FROM INVESTING
 ACTIVITIES:                                -            -             -     

CASH FLOWS FROM FINANCING
 ACTIVITIES:

 Capital contributed by shareholder         -            -            5,906
 Issuance of common stock for cash          -            -          104,398

   Net Cash Provided by
    Financing Activities                    -            -          110,304

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

CASH AND CASH EQUIVALENTS
 AT BEGINNING OF PERIOD                     -            -             -     

CASH AND CASH EQUIVALENTS
 AT END OF PERIOD                       $   -        $   -        $    -     
<PAGE>

                  SILVER RAMONA MINING COMPANY
                 (A Development Stage Company)
              Statements of Cash Flows (Continued)
                          (Unaudited)
                                                                      From 
                                                                  Inception on 
                                               For the               May 25, 
                                          Three Months Ended      1967 Through
                                               March 31,            March 31, 
                                          1999          1998          1999 

Cash Paid For:

 Interest                               $   -         $   -        $    -     
 Income taxes                           $   -         $   -        $    -     

SUPPLEMENTAL SCHEDULE OF
 NON-CASH FINANCING
 ACTIVITIES:

 Stock issued for services              $   -         $   -        $   1,000

<PAGE>

                  SILVER RAMONA MINING COMPANY
                 (A Development Stage Company)
               Notes to the Financial Statements
                         March 31, 1999

NOTE 1 - ORGANIZATION AND DESCRIPTION OF BUSINESS

       On May 25, 1967, Silver Ramona Mining Company was
       incorporated under the laws of Idaho with the purpose of
       developing mining claims.  On the date of incorporation,
       3,000,000 shares of $0.10 par value common stock were
       authorized.

       Operations were never commenced due to a lack of funding
       and all mining claims were lost.

       The Company has elected a calendar year end.

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

       a.  Accounting Method

       The Company's financial statements are prepared using the
       accrual method of accounting.

       b.  Provision for Taxes

       No provision for income taxes has been made due to the
       inactive status of the Company.  The Company has net
       operating loss carryovers of approximately $8,000 which
       expire by 2014.  The benefit of the net operating loss
       carryovers has been offset by a valuation allowance in
       full.

       c.  Cash Equivalents

       The Company considers all highly liquid investments with a
       maturity of three months or less when purchased to be cash
       equivalents.

       d.  Use of Estimates

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

NOTE 3 - GOING CONCERN

       The Company's financial statements are prepared using
       generally accepted accounting principles applicable to a
       going concern which contemplates the realization of assets
       and liquidation of liabilities in the normal course of
       business.  The Company has not established revenues
       sufficient to cover its operating costs and allow it to
       continue as a going concern.  The Company is seeking a
       merger with an existing, operating company.  In the
       interim, management is committed to covering all operating
       and other costs until a merger is completed.
<PAGE>

                  SILVER RAMONA MINING COMPANY
                 (A Development Stage Company)
               Notes to the Financial Statements
                         March 31, 1999

NOTE 4 - STOCK TRANSACTIONS

       In July 1967, the Board of Directors issued 1,200,000
       shares of $0.10 par value common stock for mining claims. 
       The claims were recorded at predecessor cost of $0.00 per
       share.

       In July 1967, the Board of Directors issued 10,000 shares
       of $0.10 par value common stock for services rendered
       during the organization of the Company.  The services were
       valued at $0.10 per share.

       On April 30, 1969, the Board of Directors initiated a
       public offering in which 697,984 shares of $0.10 par value
       common stock were sold at a gross price of approximately
       $0.15 per share.
<PAGE>

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

     The following information should be read in conjunction with
the financial statements and notes thereto appearing elsewhere in
this Form 10-QSB.

     The Company is considered a development stage company with no
assets or capital and with no significant operations or income for
several years.  The costs and expenses associated with the
preparation and filing of the Company's registration statement in
1998 were paid for by a shareholder and unpaid consultant of the
Company.  It is anticipated that the Company will require only
nominal capital to maintain the corporate viability of the Company
and necessary funds will most likely be provided by the Company's
officers and directors in the immediate future.  However, unless
the Company is able to facilitate an acquisition of or merger with
an operating business or is able to obtain significant outside
financing, there is substantial doubt about its ability to continue
as a going concern.

Plan of Operation

    During the next 12 months, the Company will actively seek out
and investigate possible business opportunities with the intent to
acquire or merge with one or more business ventures.  Because the
Company lacks funds, it may be necessary for the officers and
directors to either advance funds to the Company or to accrue
expenses until such time as a successful business consolidation can
be made.  Management intends to hold expenses to a minimum and to
obtain services on a contingency basis when possible.  Further, the
Company's directors will defer any compensation until such time as
an acquisition or merger can be accomplished and will strive to
have the business opportunity provide their remuneration.  However,
if the Company engages outside advisors or consultants in its
search for business opportunities, it may be necessary for the
Company to attempt to raise additional funds.  

    As of the date hereof, the Company has not made any
arrangements or definitive agreements to use outside advisors or
consultants or to raise any capital.  In the event the Company does
need to raise capital, most likely the only method available to the
Company would be the private sale of its securities.  Because of
the nature of the Company as a development stage company, it is
unlikely that it could make a public sale of securities or be able
to borrow any significant sum from either a commercial or private
lender.  There can be no assurance that the Company will be able to
obtain additional funding when and if needed, or that such funding,
if available, can be obtained on terms acceptable to the Company.

    The Company does not intend to use any employees, with the
possible exception of part-time clerical assistance on an as-needed
basis.  Outside advisors or consultants will be used only if they
can be obtained for minimal cost or on a deferred payment basis. 
Management is confident that it will be able to operate in this
manner and to continue its search for business opportunities during
the next twelve months.

Net Operating Loss

    The Company has accumulated approximately $8,000 of net
operating loss carryforwards as of March 31, 1999, which may be
offset against taxable income and income taxes in future years. 
The use of these losses to reduce future income taxes will depend
on the generation of sufficient taxable income prior to the
expiration of the net operating loss carryforwards.  The
carry-forwards expire in the year 2014.  In the event of certain
changes in control of the Company, there will be an annual
limitation on the amount of net operating loss carryforwards which
can be used.  No tax benefit has been reported in the financial
statements for the year ended December 31, 1998 or the three month
period ended March 31, 1999 because there is a 50% or greater
chance that the carryforward will not be used.  Accordingly, the
potential tax benefit of the loss carryforward is offset by a
valuation allowance of the same amount.

Inflation

    In the opinion of management, inflation has not and will not
have a material effect on the operations of the Company until such
time as the Company successfully completes an acquisition
or merger.  At that time, management will evaluate the possible
effects of inflation on the Company related to it business and
operations following a successful acquisition or merger.

Year 2000

    Year 2000 issues may arise if computer programs have been
written using two digits (rather than four) to define the
applicable year.  In such case, programs that have time-sensitive
logic may recognize a date using "00" as the year 1900 rather than
the year 2000, which could result in miscalculations or system
failures.

    Because the Company currently does not have any operations
except for its search for viable business opportunities, it does
not own or use any computer equipment.  The Company does not
anticipate doing a full assessment of the potential Year 2000 issue
until it has made an acquisition of or merged with an operating
entity.  The Company does not believe that the cost of addressing
the issue will have a material adverse impact on its financial
position.  Further, the Company believes that no third parties with
whom it may have a material relationships will be materially
affected by the Year 2000 issues.

Risk Factors and Cautionary Statements

    This report contains certain  forward-looking statements.  The
Company wishes to advise readers that actual results may differ
substantially from such forward-looking statements.  Forward-
looking statements involve risks and uncertainties that could cause
actual results to differ materially from those expressed in or
implied by the statements, including, but not limited to, the
following: the ability of the Company search for appropriate
business opportunities and subsequently acquire or merge with such
entity, to meet its cash and working capital needs, the ability of
the Company to maintain its existence as a viable entity, and other
risks detailed in the Company's periodic report filings with the
Securities and Exchange Commission. 

                             PART II

Item 1.  Legal Proceedings

    There are presently no other material pending legal
proceedings to which the Company or any of its subsidiaries is a
party or to which any of its property is subject and, to the best
of its knowledge, no such actions against the Company are
contemplated or threatened.

Item 2.  Changes In Securities

    This Item is not applicable to the Company.

Item 3.  Defaults Upon Senior Securities

    This Item is not applicable to the Company.

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

    This Item is not applicable to the Company.

Item 5.  Other Information

    This Item is not applicable to the Company.

Item 6.  Exhibits and Reports on Form 8-K

    (a)  Exhibit 27 - Financial Data Schedules

    (b)  Reports on Form 8-K

             No report on Form 8-K was filed by the Company during the
    three month period ended March 31, 1999.
<PAGE>

                            SIGNATURES
                                 

    In accordance with the requirements of the Securities Exchange
Act of 1934, the Registrant caused this report to be signed on its
behalf by the undersigned, thereunto duly authorized.

                                  SILVER RAMONA MINING COMPANY



Date:  May 21, 1999               By:  /S/ Robert S. Turnbow       
                                       ROBERT S. TURNBOW
                                       C.E.O., President and
                                       Director  



Date: May 21, 1999                By:  /S/ Dale B. Lavigne         
                                       DALE B. LAVIGNE
                                       Secretary/Treasurer,  and
                                       Director
                                       (Principal Accounting Officer)