FORM 10-Q

                      SECURITIES AND EXCHANGE COMMISSION

                            Washington, D. C. 20549


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

 For the quarterly period ended   October 31, 2003

[   ]  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 1-3647

                                J.W. Mays, Inc.
            (Exact name of registrant as specified in its charter)

           New York                          11-1059070
     (State or other jurisdiction of        (I.R.S. Employer
      incorporation or organization)         Identification No.)

9 Bond Street,  Brooklyn,  New York            11201-5805
(Address of principal executive offices)       (Zip Code)

(Registrant's telephone number, including area code) 718-624-7400

                                Not Applicable
             (Former name, former address and former fiscal year,
                         if changed since last report)

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

Number of shares outstanding of the issuer's common stock as of the latest
practicable date.

        Class                                Outstanding at December 10, 2003
Common Stock,  $1 par value                       2,015,780 shares

                                             This report contains 18 pages.

                                    -1-
<PAGE>
                               J. W. MAYS,  INC.

                                     INDEX





                                                            Page No.


Part I  -   Financial Information:

       Consolidated Balance Sheet                             3

       Consolidated Statement of Income
         and Retained Earnings                                4

       Consolidated Statement of Comprehensive Income         4

       Consolidated Statement of Cash Flows                   5

       Notes to Consolidated Financial Statements             6 - 10

       Management's Discussion and Analysis of Results
         of Operations and Financial Condition                11 - 12

       Controls and Procedures                                13


Part II  -  Other Information                                 14

       Signatures                                             15

       (31) Certifications Pursuant to Section 302 of the
            Sarbanes-Oxley Act of 2002
            (31.1) - Chief Executive Officer                  16
            (31.2) - Chief Financial Officer                  17

       (32) Certification Pursuant to Section 906 of the
            Sarbanes-Oxley Act of 2002;
            18 U.S.C. Section 1350                            18


                                     -2-
<PAGE>
<TABLE>
<CAPTION>


                        J. W. MAYS, INC.
                   CONSOLIDATED BALANCE SHEET
                                                                     October 31,       July 31,
                             ASSETS                                     2003             2003
<S>                                                               <C>              <C>
 --------------------------------------------------------------- ---------------  ---------------
                                                                   (Unaudited)       (Audited)

Property and Equipment - Net (Notes 6 and 7)                        $34,609,795      $33,482,384
                                                                   -------------    -------------

Current Assets:
  Cash and cash equivalents                                           1,883,588        1,862,444
  Marketable securities  (Note 4)                                        45,193           45,111
  Receivables (Note 8)                                                  270,849          433,495
  Deferred income taxes                                                  84,000          116,000
  Income taxes refundable                                                11,482          210,382
  Prepaid expenses                                                      833,432        1,562,998
  Security deposits                                                     115,953           20,836
                                                                   -------------    -------------
       Total current assets                                           3,244,497        4,251,266
                                                                   -------------    -------------

Other Assets:
  Deferred charges                                                    3,024,367        3,018,471
  Less accumulated amortization                                       1,747,586        1,682,714
                                                                   -------------    -------------
       Net                                                            1,276,781        1,335,757
  Security deposits                                                     841,922          872,436
  Unbilled receivables (Note 8)                                       4,240,649        4,247,812
  Marketable securities  (Note 4)                                     4,345,451        4,155,891
                                                                   -------------    -------------
       Total other assets                                            10,704,803       10,611,896
                                                                   -------------    -------------


        TOTAL ASSETS                                                $48,559,095      $48,345,546
                                                                   =============    =============

              LIABILITIES AND SHAREHOLDERS' EQUITY
 ---------------------------------------------------------------

Long-Term Debt:
  Mortgages payable (Note 6)                                         $5,118,683       $5,261,146
  Security deposits payable                                             537,689          568,421
                                                                   -------------    -------------
       Total long-term debt                                           5,656,372        5,829,567
                                                                   -------------    -------------

Deferred Income Taxes                                                 3,184,000        3,135,000
                                                                   -------------    -------------

Current Liabilities:
  Accounts payable                                                      112,355           46,829
  Payroll and other accrued liabilities                                 804,529        1,085,981
  Other taxes payable                                                     2,141            4,264
  Current portion of mortgages payable (Note 6)                       2,495,803        2,517,725
  Current portion of security deposits payable                          115,953           20,836
                                                                   -------------    -------------
       Total current liabilities                                      3,530,781        3,675,635
                                                                   -------------    -------------

       Total liabilities                                             12,371,153       12,640,202
                                                                   -------------    -------------

Shareholders' Equity:
  Common stock, par value $1 each share (shares - 5,000,000
    authorized; 2,178,297 issued)                                     2,178,297        2,178,297
  Additional paid in capital                                          3,346,245        3,346,245
  Unrealized gain on available for sale securities                    1,216,711        1,014,901
  Retained earnings                                                  30,734,541       30,453,753
                                                                   -------------    -------------
                                                                     37,475,794       36,993,196
  Less common stock held in treasury, at cost - 162,517
    shares at October 31, 2003 and at July 31, 2003 (Note 11)         1,287,852        1,287,852
                                                                   -------------    -------------
       Total shareholders' equity                                    36,187,942       35,705,344
                                                                   -------------    -------------

Contingencies (Note 12)

       TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY                   $48,559,095      $48,345,546
                                                                   =============    =============

See Notes to Consolidated Financial Statements.


                                    -3-
</TABLE>
<PAGE>
<TABLE>
<CAPTION>

                                J.  W. MAYS, INC.
                  CONSOLIDATED STATEMENT OF INCOME AND RETAINED EARNINGS


                                                                    Three Months Ended
                                                                       October 31,
                                                              --------------  --------------
<S>                                                           <C>             <C>
                                                                     2003            2002
                                                              --------------  --------------
                                                                 (Unaudited)     (Unaudited)

Revenues
  Rental income (Notes 5 and 8)                                   $3,324,294      $3,175,749

  Rental income - affiliated company (Note 8)                            -            69,629

  (Loss) on sale of fixed assets                                      (4,353)            -
                                                               --------------  --------------
      Total revenues                                               3,319,941       3,245,378
                                                               --------------  --------------


Expenses
  Real estate operating expenses                                   1,867,807       1,640,297
  Administrative and general expenses                                594,869         696,761
  Depreciation and amortization                                      311,161         291,910
                                                               --------------  --------------
       Total expenses                                              2,773,837       2,628,968
                                                               --------------  --------------
Income  from operations before investment income,
  interest expense and income taxes                                  546,104         616,410
                                                               --------------  --------------
Investment income and interest expense:
  Investment income (Note 4)                                          66,222          70,231
  Interest expense (Notes 6 and 10)                                 (130,538)       (141,565)
                                                               --------------  --------------
                                                                     (64,316)        (71,334)
                                                               --------------  --------------

Income before income taxes                                           481,788         545,076
Income taxes provided                                                201,000         228,000
                                                               --------------  --------------
Net income                                                           280,788         317,076

Retained earnings, beginning of period                            30,453,753      29,306,722
                                                               --------------  --------------
Retained earnings, end of period                                 $30,734,541     $29,623,798
                                                               ==============  ==============

Income per common share  (Note 2)                                       $.14            $.16
                                                               ==============  ==============

Dividends per share                                                     $-              $-
                                                               ==============  ==============

Average common shares outstanding                                  2,015,780       2,033,280
                                                               ==============  ==============


See Notes to Consolidated Financial Statements.

                             CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

                                                                    Three Months Ended
                                                                        October 31,
                                                              ------------------------------
                                                                      2003            2002
                                                              --------------  --------------
                                                                 (Unaudited)     (Unaudited)

Net Income                                                          $280,788        $317,076
                                                              --------------  --------------

Other comprehensive income, net of taxes (Note 3)


   Unrealized gain (loss) on available-for-sale securities:

       Net of taxes (benefit) of $79,000 and $(99,000) for the three

       months ended October 31, 2003 and 2002, respectively.         201,810        (192,652)

      Less reclassification adjustment                                 8,750          (3,838)
                                                               --------------  --------------
  Other comprehensive income (loss)                                  210,560        (196,490)
                                                               --------------  --------------

Comprehensive Income                                                $491,348        $120,586
                                                               ==============  ==============
                                    -4-
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
                              J.  W.  MAYS,  INC.
                     CONSOLIDATED STATEMENT OF CASH FLOWS


                                                                        Three Months Ended
                                                                           October 31,
                                                                 --------------------------------
                                                                          2003             2002
                                                                 ---------------  ---------------
<S>                                                               <C>              <C>
                                                                     (Unaudited)      (Unaudited)

Cash Flows From Operating Activities:
Net income                                                             $280,788         $317,076

Adjustments to reconcile income to
 net cash provided by operating activities:
  Realized loss (gain) on marketable securities                          (8,750)           3,838
  (Loss) on sale of fixed assets                                         (4,353)             -
  Depreciation and amortization                                         311,161          291,910
  Amortization of deferred expenses                                      64,872           62,729
  Other assets - deferred expenses                                       (5,896)          (3,307)
                      - unbilled receivables                              7,163           11,808
                      - receivables                                         -             62,962
  Deferred income taxes                                                   2,000           20,000
Changes in:
  Receivables                                                           162,646           94,120
  Prepaid expenses                                                      729,566          569,595
  Real estate taxes refundable                                              -             82,769
  Income taxes refundable                                               198,900              -
  Accounts payable                                                       65,526           18,492
  Payroll and other accrued liabilities                                (281,452)        (234,536)
  Income taxes payable                                                      -           (626,676)
  Other taxes payable                                                    (2,123)          (1,311)
                                                                   -------------    -------------
     Cash provided by operating activities                            1,520,048          669,469
                                                                   -------------    -------------

Cash Flows From Investing Activities:
  Capital expenditures                                               (1,434,219)        (656,012)
  Security deposits                                                     (64,603)         (23,977)
  Marketable securities:
    Receipts from sales or maturities                                   100,000            8,662
    Payments for purchases                                                  (82)         (12,641)
                                                                   -------------    -------------
       Cash  (used) by investing activities                          (1,398,904)        (683,968)
                                                                   -------------    -------------

Cash Flows From Financing Activities:
  Increase - security deposits                                           64,385           23,385
  Decrease - mortgage and other debt payments                          (164,385)        (229,301)
                                                                   -------------    -------------
      Cash (used) by financing activities                              (100,000)        (205,916)
                                                                   -------------    -------------

Increase (decrease) in cash                                              21,144         (220,415)

Cash and cash equivalents at beginning of period                      1,862,444        2,951,013
                                                                   -------------    -------------

Cash and cash equivalents at end of period                           $1,883,588       $2,730,598
                                                                   =============    =============

See Notes to Consolidated Financial Statements.

                                    -5-
</TABLE>
<PAGE>


                               J. W. MAYS,  INC.
                  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS


1. Accounting Records and Use of Estimates:

   The accounting records are maintained in accordance with accounting
   principles generally accepted in the United States of America ("GAAP").
   The preparation of the Company's financial statements in accordance with
   GAAP requires management to make estimates that affect the reported
   consolidated statements of income and retained earnings, comprehensive
   income, and the consolidated balance sheets and related disclosures.
   Actual results could differ from those estimates.

   The interim financial statements are prepared pursuant to the requirements
   for reporting on Form 10-Q.  The July 31, 2003 balance sheet was derived
   from audited financial statements but does not include all disclosures
   required by GAAP.  The interim financial statements and notes thereto
   should be read in conjunction with the financial statements and notes
   included in the Company's latest Form 10-K Annual Report for the fiscal
   year ended July 31, 2003.  In the opinion of management, the interim
   financial statements reflect all adjustments of a normal recurring nature
   necessary for a fair statement of the results for interim periods.  The
   results of operations for the current period are not necessarily indicative
   of the results for the entire fiscal year ending July 31, 2004.

2.   Income Per Share of Common Stock:

   Income per share has been computed by dividing the net income for the
   periods by the weighted average number of shares of common stock
   outstanding during the periods, adjusted for the purchase of treasury
   stock.  Shares used in computing income per share were 2,015,780 for the
   three months ended October 31, 2003, and 2,033,280 for the three months
   ended October 31, 2002.

3. Comprehensive Income:

   SFAS No. 130, "Reporting Comprehensive Income", establishes standards for
   the reporting of comprehensive income and its components.  It requires all
   items that are required to be recognized as components of comprehensive
   income be reported in a financial statement that is displayed with the same
   prominence as other income statement information.  Comprehensive income is
   defined to include all changes in equity except those resulting from
   investments by and distributions to shareholders.

4. Marketable Securities:

   The Company categorizes marketable securities as either trading, available-
   for-sale or held-to-maturity.  Trading securities are carried at fair value
   with unrealized gains and losses included in income.  Available-for-sale
   securities are carried at fair value with unrealized gains and losses
   recorded as a separate component of shareholders' equity.  Held-to-maturity
   securities are carried at amortized cost.  Dividends and interest income
   are accrued as earned.


                                    -6-
<PAGE>
<TABLE>
<CAPTION>

            As of October 31, 2003, the Company's marketable securities were classified as follows:

                                                                                  Gross            Gross
                                                                               Unrealized       Unrealized        Fair
                                                                   Cost           Gains           Losses          Value
                                                               -------------  -------------    -------------  -------------
            Current:

<S>          <C>                                               <C>            <C>              <C>            <C>
              Held-to-Maturity

                Certificate of deposit                               $45,193           $-               $-          $45,193
                                                                =============  =============    =============  =============

            Noncurrent:
              Available-for-sale:
                Equity securities                                 $2,501,740     $1,843,711             $-       $4,345,451
                                                                =============  =============    =============  =============

            Investment income consists of the following:


                                                                     Three Months Ended
                                                                        October 31,
                                                                ----------------------------
                                                                   2003           2002
                                                                -------------  -------------
            Interest income                                           $6,190        $20,543
            Dividend income                                           51,282         53,526
            (Loss) on sale of marketable securities                    8,750         (3,838)
                                                                -------------  -------------
                 Total                                               $66,222        $70,231
                                                                =============  =============











</TABLE>


5. Financial Instruments and Credit Risk Concentrations:

   Financial instruments that are potentially subject to concentrations of
   credit risk consist principally of marketable securities, cash and cash
   equivalents and receivables.  Marketable securities and cash and cash
   equivalents are placed with high credit quality financial institutions and
   instruments to minimize risk.

   The Company derives rental income from thirty-nine tenants, of which one
   tenant accounted for 18.06% and another tenant accounted for 15.18% of
   rental income during the three months ended October 31, 2003.  No other
   tenant accounted for more than 10% of rental income during the same
   period.

   The Company has three irrevocable Letters of Credit totaling $319,000 at
   October 31, 2003 and July 31, 2003, provided by three tenants.



                                    -7-
<PAGE>
6. Long-Term Debt:


<TABLE>
<CAPTION>
                                                                    October 31, 2003                   July 31, 2003
                                                             -------------------------------  --------------------------------
                                         Current
                                         Annual    Final            Due             Due               Due              Due
                                        Interest  Payment          Within          After             Within           After
                                          Rate      Date          One Year        One Year          One Year        One Year
<S>                                <C> <C>       <C>         <C>             <C>               <C>             <C>
                                        -------  --------    --------------  --------------    --------------  ---------------

Mortgages:
  Jamaica, New York property       (a)        5%  4/01/07          $266,667      $2,000,000          $266,666       $2,066,667
  Jamaica, New York property       (b)     6.98%  8/01/06           157,855       3,045,088           155,110        3,085,296
  Jowein building, Brooklyn, N.Y.  (c)        9%  3/31/05           137,720          73,595           134,689          109,183
  Fishkill, New York property      (d)     8.25%  7/01/04         1,933,561               -         1,961,260                -
                                                              --------------  --------------    --------------  ---------------
       Total                                                     $2,495,803      $5,118,683        $2,517,725       $5,261,146
                                                              ==============  ==============    ==============  ===============
</TABLE>

(a)  The Company, on September 11, 1996, closed a loan with a bank in the
   amount of $4,000,000.  The loan is secured by a first mortgage lien covering
   the entire leasehold interest of the Company, as tenant, in a certain ground
   lease and building in the Jamaica, New York property.  The interest rate on
   the loan was 8.50% for a period of five (5) years.  As of April 1, 2002, the
   effective rate was reduced to 5.00% per annum.  The outstanding balance of
   the loan, totaling $1,355,555 will become due and payable on April 1, 2007.

(b)  The Company, on December 13, 2000, closed a loan with a bank in the
   amount of $3,500,000.  The loan is secured by a second position leasehold
   mortgage covering the entire leasehold interest of the Company as tenant in
   a certain ground lease and building in the Jamaica, New York property.  The
   loan proceeds were utilized by the Company toward its costs of capital
   improvements of the premises in connection with the Company's lease of
   42,250 square feet of a floor in the building to the State of New York.

   The loan is structured in two phases:

      1.)  A fifteen-month construction term with interest only on the
      amount owing at a floating rate per annum equal to the prime rate.

      2.)  Upon completion of the renovations, the construction loan was
      converted to a ten (10) year second mortgage permanent loan on a
      fifteen (15) year level amortization, plus interest.  The interest
      rate on the permanent loan during the first five (5) years is fixed at
      6.98% per annum.  The interest rate during the five (5) year renewal
      term is at a fixed rate per annum equal to 2.25% above the five (5)
      year Treasury Note Rate then in effect.

   Payments are to be made, in arrears, on the first day of each and every
   month calculated (a) during the period of the construction loan,
   interest only, and (b) during the ten (10) year period of the term loan,
   at the sum of the interest rate plus amortization sufficient to fully
   liquidate the loan over a fifteen (15) year period.  As additional
   collateral security, the Company will conditionally assign to the bank
   all leases and rents on the premises, or portions thereof, whether now
   existing or hereafter consummated.  The Company has an option to prepay
   principal, in whole or in part, plus interest accrued thereon, at any
   time during the term, without premium or penalty.  Other provisions of
   the loan agreement provide certain restrictions on the incurrence of
   indebtedness and the sale or transfer of the Company's ground lease

                                    -8-

   interest in the premises.  Both credit facilities are subject to the
   bank's existing first position mortgage loan on the premises.  On August
   2, 2001, the Company took down the balance of the loan of $1,200,000.


(c)Mortgage is held by an affiliated corporation owned by members,
   including certain directors of the Company, of the family of the late
   Joe Weinstein, former Chairman of the Board of Directors.  Interest and
   amortization of principal are paid quarterly. Effective April 1, 2000,
   the maturity date of the mortgage was extended to March 31, 2005.  The
   interest rate remained at 9% per annum.  During the extended period the
   constant quarterly payments of interest and principal increased from
   $37,263 to $38,044.  The mortgage loan is self-amortizing.

(d)On June 2, 1999, the existing first mortgage loan balance on the
   Fishkill, New York property was extended for a period of five years.
   Under the terms of the extension agreement the annual interest rate was
   reduced from 9% to 8.25% and the interest and principal payments are to
   be made in constant monthly amounts based upon a fifteen (15) year
   payout period.


7. Property and Equipment - at cost:

<TABLE>
<CAPTION>
                                                                    October 31,        July 31,
                                                                        2003             2003
                                                                ---------------  ---------------
<S>                                                              <C>              <C>
Property:
  Buildings and improvements                                       $47,370,895      $46,181,865
  Improvements  to  leased  property                                 9,158,009        9,158,009
  Land                                                               4,008,835        4,008,835
  Construction in progress                                             328,219           62,436
                                                                  -------------    -------------
                                                                    60,865,958       59,411,145
  Less accumulated depreciation                                     26,535,231       26,240,399
                                                                  -------------    -------------
     Property - net                                                 34,330,727       33,170,746
                                                                  -------------    -------------

Fixtures and equipment and other:
  Fixtures and equipment                                               699,132          694,520
  Other fixed assets                                                   212,747          242,538
                                                                  -------------    -------------
                                                                       911,879          937,058
  Less accumulated depreciation                                        632,811          625,420
                                                                  -------------    -------------
  Fixtures and equipment and other - net                               279,068          311,638
                                                                  -------------    -------------

        Property and equipment - net                               $34,609,795      $33,482,384
                                                                  =============    =============

                                    -9-
</TABLE>
<PAGE>
8.   Unbilled Receivables and Rental Income:

     Unbilled receivables represent the excess of scheduled rental income
     recognized on a straight-line basis over rental income as it becomes
     receivable according to the provisions of each lease.

     The Company had leased from an affiliate one of the stores which was
     closed in connection with its reorganization proceedings in 1982. The
     Company, by agreement with the affiliate, modified and assigned its lease
     to a third party.  The agreement with the affiliate provided for certain
     monthly payments to be made to the Company through August 30, 2002, the
     termination date of the agreement.  Rental income includes $69,629 for the
     three months ended October 31, 2002, representing rental from the
     affiliated company.  There was no rental income from the affiliated
     company for the three months ended October 31, 2003.

9.   Employees' Retirement Plan:

     The Company sponsors a noncontributory Money Purchase Plan covering
     substantially all of its employees.  Operations were charged $68,704 and
     $64,988 as contributions to the Plan for the three months ended October
     31, 2003 and October 31, 2002, respectively.

10.  Cash Flow Information:

     For purposes of reporting cash flows, the Company considers cash
     equivalents to consist of short-term highly liquid investments with
     maturities of three months or less, which are readily convertible into
     cash.

<TABLE>
<CAPTION>

Supplemental disclosure:                                 Three Months Ended
                                                            October 31,
                                                  ------------------------------
                                                          2003           2002
                                                  ---------------  -------------

<S>                                               <C>            <C>
Interest paid                                           $131,472       $142,567
Income taxes paid                                           $100       $834,676
</TABLE>


11.  Capitalization:

     The Company is capitalized entirely through common stock with identical
     voting rights and rights to liquidation.  Treasury stock is recorded at
     cost and consists of 162,517 shares at October 31, 2003 and at July 31,
     2003.

12.  Contingencies:

     There are various lawsuits and claims pending against the Company.  It is
     the opinion of management that the resolution of these matters will not
     have a material adverse effect on the Company's Consolidated Financial
     Statements.

                                    -10-
<PAGE>
                               J. W. MAYS, INC.
         MANAGEMENT'S DISCUSSION AND ANALYSIS OF RESULTS OF OPERATIONS
                            AND FINANCIAL CONDITION

Results of Operations:

Three Months Ended October 31, 2003 Compared to the Three Months Ended October
31, 2002:

In the three months ended October 31, 2003, the Company reported net income of
$280,788, or $.14 per share.  In the comparable three months ended October 31,
2002, the Company reported net income of $317,076, or $.16 per share.

Revenues in the current three months increased to $3,319,941 from $3,245,378
in the comparable 2002 three months.  The increase in revenue was due
primarily to the leasing to the two retail tenants at the Company's Jamaica,
New York Property.

Real estate operating expenses in the current three months increased to
$1,867,807 from $1,640,297 in the comparable 2002 three months primarily due
to increases in rental expense, real estate taxes, payroll and maintenance
costs, partially offset by decreases in insurance and utility costs.

Administrative and general expenses in the current three months decreased to
$594,869 from $696,761 in the comparable 2002 three months due to decreases in
payroll, insurance, and legal and professional costs.

Depreciation and amortization expense in the current three months increased to
$311,161 from $291,910 in the comparable 2002 three months primarily due to
depreciation on the additional improvements to the Brooklyn, New York and the
Jamaica, New York properties.

Interest expense and other expenses in the current three months exceeded
investment income by $64,316 and by $71,334 in the comparable 2002 three
months. The decrease was due primarily to scheduled repayments of debt.


Liquidity and Capital Resources:

The Company has been operating as a real estate enterprise since the
discontinuance of the retail department store segment of its operations on
January 3, 1989.

Management considers current working capital and borrowing capabilities
adequate to cover the Company's planned operating and capital requirements.
The Company's cash and cash equivalents amounted to $1,883,588 at October 31,
2003.

The City of New York, a tenant in the Company's Jowein building in Brooklyn,
New York, whose lease expires April 29, 2010, has elected to exercise its
option to terminate the Lease Agreement effective May 31, 2004.   The
approximate loss in annual revenue to the Company commencing June 1, 2004,
relating to the termination of the lease will approximate $2,440,000.  Upon
the termination of the lease agreement, the Company will be due $295,695 from
the City of New York representing the unamortized portion of the Company's
work cost to prepare the leased premises for occupancy.  The Company is
actively seeking, through brokers, tenants to occupy the space to be vacated
as well as the additional 87,000 square feet of available space in the
building.

The Company leased 22,192 square feet for office use to a tenant in the
Company's Brooklyn, New York property. Rent is anticipated to commence in
February 2004. The Company also leased 8,300 square feet for office use to two
tenants in the Company's Jowein building in Brooklyn, New York. Rent will
commence in December 2003 for one tenant and is anticipated to commence in
February 2004 for the other tenant. To replace the retail store which vacated
the Jamaica, New York location in March 2003, the Company divided the space
into three retail stores. As of October 31, 2003, the Company has leased
54,289 square feet to two tenants. Rent commenced in September 2003.

                                    -11-
<PAGE>
The first mortgage loan balance on the Fishkill, New York property matures on
July 1, 2004, with a balloon
payment due of $1,856,852. The Company is presently having discussions with
the bank to extend this
mortgage (See Note 6(d)).


Cash Flows From Operating Activities:

Receivables:  The Company is due the amount of $130,482 as of October 31, 2003
as reimbursement for expenditures for renovations made on behalf of a tenant
at the Jamaica, New York building.  The amount of $130,482 is to be paid in
installments through April 2004.  The original amount of the reimbursement was
$1,591,753 of which $1,461,271 has been received.

Prepaid Expenses:  Expenditures for the three months ended October 31, 2003
decreased by $30,767 compared to the period ended October 31, 2002, due to
decreases in real estate taxes and insurance premiums paid.

Payroll and other accrued liabilities:  The Company paid $84,820 for
commissions incurred in order to lease space at the Company's properties in
the three months ended October 31, 2003.  The original amount of the brokerage
leasing commissions was $409,629.  As of October 31, 2003, $137,353 has been
paid.

Cash Flows From Investing Activities:

Capital expenditures:  The Company had expenditures of $60,854 for the three
months ended October 31, 2003 for the renovation of a portion of the exterior
of its Brooklyn, New York building.  The total cost is anticipated to be
$205,000.  The project is anticipated to be completed in December 2003.

The Company had expenditures of $362,269 for the three months ended October
31, 2003 for the dividing of space into three separate stores, which was
formerly occupied by one department store that vacated the premises in March
2003, at its Jamaica, New York building.  The total cost of the project was
$883,518.  The project was completed in October 2003.

The Company had expenditures of $756,743 for the three months ended October
31, 2003 for the renovation of 8,300 square feet to office space for two
tenants at its Jowein building in Brooklyn, New York.  The total cost of the
project was $961,655.  The project was completed in October 2003.

The Company also had expenditures of $195,958 for the three months ended
October 31, 2003 for the renovation of 22,192 square feet to office space for
a tenant at its Brooklyn, New York building.  The total cost of the project is
approximately $2,500,000.  The project is anticipated to be completed in
January 2004.

Quantitative and Qualitative Disclosures About Market Risks:

The Company uses fixed-rate debt to finance its capital requirements.  These
transactions do not expose the Company to market risk related to changes in
interest rates.  The Company does not use derivative financial instruments.
At October 31, 2003, the Company had fixed-rate debt of $7,614,486.  Since all
debt is fixed-rate debt, if interest rates were to increase 100 basis points,
there would be no effect on net income, funds from operations and future cash
flows.

Cautionary Statement Regarding Forward-Looking Statements:

This Quarterly Report on Form 10-Q may contain forward-looking statements
which include assumptions about future market conditions, operations and
financial results. These statements are based on current expectations and are
subject to risks and uncertainties. They are made pursuant to safe harbor
provisions of the Private Securities Litigation Reform Act of 1995. The
Company's actual results, performance or achievements in the future could
differ significantly from the results, performance or achievements discussed
or implied in such forward-looking statements herein and in prior Securities
and Exchange Commission filings by the Company. The Company assumes no
obligation to update these forward-looking statements or to advise of changes
in the assumptions on which they were based.

                                    -12-
<PAGE>
Factors that could cause or contribute to such differences include, but are
not limited to, changes in the competitive environment of the Company, general
economic and business conditions, industry trends, changes in government rules
and regulations and environmental rules and regulations. Statements concerning
interest rates and other financial instrument fair values and their estimated
contribution to the Company's future results of operations are based upon
market information as of a specific date. This market information is often a
function of significant judgment and estimation. Further, market interest
rates are subject to significant volatility.


Controls and Procedures:

The Company's management reviewed the Company's internal controls and
procedures and the effectiveness of these controls. As of October 31, 2003,
the Company carried out an evaluation, under the supervision and with the
participation of the Company's management, including its Chief Executive
Officer and Chief Financial Officer, of the effectiveness of the design and
operation of the Company's disclosure controls and procedures pursuant to
Rules 13a-14(c) and 15d-14(c) of the Securities Exchange Act of 1934. Based
upon that evaluation, the Chief Executive Officer and Chief Financial Officer
concluded that the Company's disclosure controls and procedures are effective
in timely alerting them to material information relating to the Company
required to be included in its periodic SEC filings.

There was no change in the Company's internal controls over financial
reporting or in other factors during the Company's last fiscal quarter that
materially affected, or are reasonably likely to materially affect, the
Company's internal controls over financial reporting. There were no
significant deficiencies or material weaknesses, and therefore there were no
corrective actions taken.


                                    -13-
<PAGE>
 Part II - Other Information


  Item 6 - Exhibits and Reports on Form 8-K

   (a)  List of Exhibits:
                                                                 Sequentially
   Exhibit                                                         Numbered
    Number                     Exhibit                                Page

      (2) Plan of acquisition, reorganization, arrangement, liquidation or
          succession.                                                  N/A
      (4) Instruments defining the rights of security holders,
            including indentures.                                      N/A
     (10) Material contracts.                                          N/A
     (11) Statement re computation of per share earnings               N/A
     (15) Letter re unaudited interim financial information.           N/A
     (18) Letter re change in accounting principles.                   N/A
     (19) Report furnished to security holders.                        N/A
     (22) Published report regarding matters submitted to vote of
            security holders.                                          N/A
     (24) Power of attorney.                                           N/A
     (27) Financial data schedule.                                     N/A
     (31) Additional exhibits--Certifications Pursuant to Section
          302 of the Sarbanes-Oxley Act of 2002.
          (31.1) Chief Executive Officer                               15
          (31.2) Chief Financial Officer                               16

     (32) Certification Pursuant to Section 906 of the Sarbanes-
          Oxley Act of 2002, 18 U.S.C. Section. 1350.                  17

   (b)  Reports on Form 8-K - A report on Form 8-K was filed by the
        registrant during the three months ended October 31, 2003.
        Item reported - The Company reported its financial results
        for the twelve and three months ended July 31, 2003.
        Date of report filed - October 17, 2003.

                                    -14-
<PAGE>
SIGNATURES



     Pursuant to the requirements of the Securities Exchange Act of 1934, the

registrant has duly caused this report to be signed on its behalf by the

undersigned thereunto duly authorized.




                                                J.W. MAYS, Inc.
                                              ------------------------
                                                 (Registrant)



Date     December 10, 2003                    Lloyd J. Shulman
     ----------------------                   ------------------------
                                               Lloyd J. Shulman
                                               President
                                               Chief Executive Officer



Date     December 10, 2003                     Mark S. Greenblatt
     ----------------------                   ------------------------
                                               Mark S. Greenblatt
                                               Vice President
                                               (Chief Financial Officer)

                                    -15-

<PAGE>

                                                                  EXHIBIT 31.1
                                 CERTIFICATION

I, Lloyd J. Shulman, certify that:

1. I have reviewed this Quarterly Report on Form 10-Q of J.W. Mays, Inc.;

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(s) 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; and

(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 (the registrant's fourth fiscal quarter in the case of an
  annual report) 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(s) 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 functions):

(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 reporting.

Date: December 10, 2003

                                             /s/ Lloyd J. Shulman
                                             ---------------------------
                                             Lloyd J. Shulman
                                             President
                                             Chief Executive Officer

                                    -16-
<PAGE>
                                                                  EXHIBIT 31.2
                                 CERTIFICATION

I, Mark S. Greenblatt, certify that:

1. I have reviewed this Quarterly Report on Form 10-Q of J.W. Mays, Inc.;

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(s) 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; and

(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 (the registrant's fourth fiscal quarter in the case of an
  annual report) 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(s) 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 functions):

(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 reporting.

Date: December 10, 2003

                                             /s/ Mark S. Greenblatt
                                             ---------------------------
                                             Mark S. Greenblatt
                                             Vice President
                                             Chief Financial Officer

                                    -17-
<PAGE>

                                                                  EXHIBIT 32
                           CERTIFICATION PURSUANT TO
                            18 U.S.C. SECTION 1350,
                            AS ADOPTED PURSUANT TO
                 SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

The following certification is being furnished solely to accompany the Report
pursuant to 18 U.S.C. Section 1350 and in accordance with SEC Release No. 33-
8238. This certification shall not be deemed "filed" for purposes of Section
18 of the Securities Exchange Act of 1934, as amended, nor shall it be
incorporated by reference in any filing of the Company under the Securities
Act of 1933, as amended, whether made before or after the date hereof,
regardless of any general incorporation language in such filing.

In connection with the Quarterly Report of J. W. Mays, Inc. (the "Company") on
Form 10-Q for the period ending October 31, 2003 as filed with the Securities
and Exchange Commission (the "Report"), we, Lloyd J. Shulman and Mark S.
Greenblatt, Chief Executive Officer and Chief Financial Officer, respectively,
of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted
pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that to our
knowledge:

(1) The Report fully complies with the requirements of Section 13(a) or 15(d)
  of the Securities Exchange Act of 1934; and

(2) The information contained in the Report fairly presents, in all material
  respects, the financial condition and results of operations of the Company.


December 10, 2003

                                             /s/ Lloyd J. Shulman
                                             ---------------------------
                                             Lloyd J. Shulman
                                             Chief Executive Officer


                                             /s/ Mark S. Greenblatt
                                             ---------------------------
                                             Mark S. Greenblatt
                                             Chief Financial Officer


A signed original of this written statement required by Section 906 has been
provided to J.W. Mays, Inc. and will be retained by J. W. Mays, Inc. and
furnished to the Securities and Exchange Commission or its staff upon request.
                                    -18-