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                         
                                                                             
For the Quarterly Period ended December 31, 1995   
                                                                             
                                     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 1-1822


                             LACLEDE GAS COMPANY  
           (Exact name of registrant as specified in its charter) 

        Missouri                                43-0368139
 (State of Incorporation)                    (I.R.S. Employer
                                           Identification Number)


 720 Olive Street, St. Louis, Missouri                             63101
(Address of principal executive offices)                         (Zip Code)

Registrant's telephone number, including area code             314-342-0500
 

     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 the number of shares outstanding of each of the issuer's
classes of common stock, as of the latest practicable date.                  
          
17,511,199 shares, Common Stock, par value $1 per share at 2/12/96.
      





                                        
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               LACLEDE GAS COMPANY AND SUBSIDIARY COMPANIES 











                                  PART I

                          FINANCIAL INFORMATION

    




The interim financial statements included herein have been prepared by the
Company, without audit, pursuant to the rules and regulations of the
Securities and Exchange Commission.  These financial statements should be
read in conjunction with the financial statements and the notes thereto
included in the Company's Form 10-K for the year ended September 30, 1995.


























                                 Page 2<PAGE>
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<TABLE>                               
              LACLEDE GAS COMPANY AND SUBSIDIARY COMPANIES
                    STATEMENTS OF CONSOLIDATED INCOME               
                               (UNAUDITED)

(In Thousands, Except Per Share Amounts)                         
<CAPTION>
                                                        Three Months Ended
                                                           December 31,
                                                         1995        1994
                                                         ----        ----
<S>                                                    <C>         <C>
Utility Operating Revenues                             $154,981    $122,203
                                                       --------------------
Utility Operating Expenses:
   Natural and propane gas                               88,677      65,467
   Other operation expenses                              18,339      18,904
   Maintenance                                            4,421       4,581
   Depreciation and amortization                          6,072       5,830
   Taxes, other than income taxes                         9,470       9,303
   Income taxes (Note 3)                                  8,313       4,130
                                                       --------------------
      Total Utility Operating Expenses                  135,292     108,215
                                                       --------------------
Utility Operating Income                                 19,689      13,988
Miscellaneous Income and Income Deductions - Net
   (less applicable income taxes) (Note 3)                  827         162
                                                       --------------------
Income Before Interest Charges                           20,516      14,150  
                                                       -------------------
Interest Charges:
   Interest on long-term debt                             3,312       3,136
   Other interest charges                                 1,466       1,804
                                                       --------------------
      Total Interest Charges                              4,778       4,940
                                                       --------------------
Net Income                                               15,738       9,210 
Dividends on Preferred Stock                                 24          24
                                                       -------------------- 
Earnings Applicable to Common Stock                    $ 15,714    $  9,186
                                                       ==================== 

Average Number of Common Shares Outstanding              17,466      15,709

Earnings Per Share of Common Stock                        $ .90       $ .58

Dividends Declared Per Share of Common Stock              $.315       $ .31



<FN>
             See notes to consolidated financial statements.
</TABLE>




                                 Page 3<PAGE>
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<TABLE>
              LACLEDE GAS COMPANY AND SUBSIDIARY COMPANIES
                       CONSOLIDATED BALANCE SHEET
<CAPTION>                                 
                                                       Dec. 31     Sept. 30
                                                         1995        1995
                                                         ----        ----
                                                     (Thousands of Dollars)  
                                                          (UNAUDITED)
                                  ASSETS
<S>                                                    <C>         <C>
Utility Plant                                          $754,100    $745,629
   Less:  Accumulated depreciation and amortization     315,801     311,293
                                                       --------------------
   Net Utility Plant                                    438,299     434,336
                                                       --------------------
Other Property and Investments                           22,423      22,744
                                                       --------------------
Current Assets:
   Cash and cash equivalents                              3,003       1,555
   Accounts receivable - net                             96,600      34,398
   Materials, supplies, and merchandise at avg cost       5,394       5,377
   Natural gas stored underground for current use 
      at LIFO cost                                       37,879      41,629
   Propane gas for current use at FIFO cost              13,560      13,566  
   Prepayments                                            2,862       1,484
   Unamortized purchased gas adjustments                  6,685       9,776
                                                       --------------------
      Total Current Assets                              165,983     107,785
                                                       --------------------
Deferred Charges                                         75,498      71,829
                                                       --------------------
Total Assets                                           $702,203    $636,694
                                                       ====================

                 
<FN>
             See notes to consolidated financial statements.
</TABLE>










                                      







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<TABLE>
              LACLEDE GAS COMPANY AND SUBSIDIARY COMPANIES
                 CONSOLIDATED BALANCE SHEET (Continued)
<CAPTION>
                                                       Dec. 31     Sept. 30
                                                         1995        1995
                                                         ----        ----
                                                     (Thousands of Dollars)  
                                                     (UNAUDITED)
                    CAPITALIZATION AND LIABILITIES
<S>                                                   <C>         <C>
Capitalization:
   Common stock (19,332,018 shares issued)            $ 19,332    $ 19,285
   Paid-in capital                                      59,302      58,401   
   Retained earnings                                   183,796     173,584
   Treasury stock, at cost (1,865,638 shares held)     (24,017)    (24,017)  
                                                      -------------------- 
      Total common stock equity                        238,413     227,253
   Redeemable preferred stock                            1,960       1,960 
   Long-term debt (less sinking fund requirements)     179,296     154,279
                                                      --------------------   
         Total Capitalization                          419,669     383,492   
                                                       --------------------  
Current Liabilities:
   Notes payable                                        72,000      59,500   
   Accounts payable                                     37,655      21,069
   Refunds due customers                                   748       4,110
   Advance customer billings                             5,262      13,058   
   Taxes accrued                                        15,799       8,430
   Deferred income taxes                                   900         167   
   Other                                                19,579      21,442 
                                                      --------------------   
     Total Current Liabilities                         151,943     127,776
                                                      --------------------  
Deferred Credits and Other Liabilities:
   Deferred income taxes                                80,479      83,563   
   Unamortized investment tax credits                    7,931       8,018   
   Other                                                42,181      33,845
                                                      --------------------
      Total Deferred Credits and Other Liabilities     130,591     125,426
                                                      --------------------
Total Capitalization and Liabilities                  $702,203    $636,694
                                                      ====================   
 

<FN>
             See notes to consolidated financial statements.
</TABLE>









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<TABLE>
              LACLEDE GAS COMPANY AND SUBSIDIARY COMPANIES
                 STATEMENTS OF CONSOLIDATED CASH FLOWS
                              (UNAUDITED)
<CAPTION>
                                                        Three Months Ended   
                                                          December 31,
                                                         1995        1994
                                                         ----        ----
                                                     (Thousands of Dollars)
<S>                                                   <C>         <C>       
Operating Activities:      
 Net Income                                           $ 15,738    $  9,210
 Adjustments to reconcile net income to net cash
   provided by operating activities:
     Depreciation and amortization                       6,082       5,844
     Deferred income taxes and investment tax credits   (2,204)        546   
     Other - net                                           (10)         49
     Changes in assets and liabilities:
       Accounts receivable - net                       (62,202)    (34,655)
       Unamortized purchased gas adjustments             3,091         577   
       Deferred purchased gas costs                      7,637        (771)
       Accounts payable                                 16,586       8,852
       Refunds due customers                            (3,362)     (4,301)  
       Taxes accrued                                     7,369      (2,062)  
       Other assets and liabilities                    (10,574)     (2,810)  
                                                      --------------------
          Net cash used in operating activities       $(21,849)   $(19,521)
                                                      --------------------
Investing Activities:                                                      
 Construction expenditures                              (9,834)    (11,402)
 Investments - non-utility                                 319        (388)  
 Other                                                     (55)        (92)
                                                      --------------------
          Net cash used in investing activities       $ (9,570)   $(11,882)  
                                                      --------------------
Financing Activities:
 Issuance of short-term debt                            12,500      36,500   
 Dividends paid                                         (5,424)     (4,804)  
 Issuance of first mortgage bonds                       25,000           -   
 Other                                                     791         815   
                                                      --------------------
          Net cash provided by financing activities   $ 32,867    $ 32,511   
                                                      --------------------
Net Increase in Cash and Cash Equivalents             $  1,448    $  1,108
Cash and Cash Equivalents at Beg of Period               1,555       1,588
                                                      -------------------- 
Cash and Cash Equivalents at End of Year              $  3,003    $  2,696   
                                                      ====================
Supplemental Disclosure of Cash Paid/(Refunded)
 During the Period for:
  Interest                                              $7,478      $8,187   
  Income taxes                                          (2,452)        607

<FN>                
             See notes to consolidated financial statements.
</TABLE>
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              LACLEDE GAS COMPANY AND SUBSIDIARY COMPANIES
               NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

1.  In the opinion of management, this interim report includes all           
    adjustments (consisting only of normal recurring accruals) necessary     
    for the fair presentation of the results of the periods covered.

2.  The registrant is a natural gas distribution utility having a material   
    seasonal cycle; therefore, this interim statement of consolidated        
    income is not necessarily indicative of annual results nor               
    representative of succeeding quarters of the fiscal year.

3.  Net provisions for income taxes were charged (credited) as follows       
    during the periods set forth below:

<TABLE>
<CAPTION>
                                                   Three Months Ended      
                                                      December 31,
                                                   ------------------   
                                                   1995          1994
                                                   ----          ----
                                                 (Thousands of Dollars)
    <S>                                            <C>          <C>
    Utility Operations
       Current:   
          Federal                                  $ 9,002      $ 3,066
          State and local                            1,513          516

       Deferred:                                     
          Federal                                   (1,930)         558
          State and local                             (272)         (10)
                                                   --------------------
       Subtotal                                    $ 8,313      $ 4,130
                                                   --------------------
              
    Miscellaneous Income and
       Income Deductions
       Current:
          Federal                                  $   190      $    72      
          State and local                               22            1      
                                     
       Deferred:
          Federal                                       (2)          (2)
          State and local                                -            -
                                                   --------------------
       Subtotal                                    $   210      $    71
                                                   --------------------
                  Total                            $ 8,523      $ 4,201
                                                   ====================
</TABLE>

4.  This Form 10-Q should be read in conjunction with the Notes to           
    Consolidated Financial Statements contained in the Company's 1995 Form   
    10-K.


                                 Page 7     <PAGE>
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                MANAGEMENT'S DISCUSSION AND ANALYSIS OF
             FINANCIAL CONDITION AND RESULTS OF OPERATIONS


RESULTS OF OPERATIONS

Earnings for the quarter ended December 31, 1995 were $.90 per share
compared with $.58 per share for the same quarter last year.  The increase
in earnings was primarily attributable to higher gas sales arising from
colder weather this quarter.  The weather for the quarter was 42% colder
than last year and 2% colder than normal.

Utility operating revenues for the quarter ended December 31, 1995 were
$155.0 million compared with $122.2 million for the quarter ended December
31, 1994.  The $32.8 million, or 26.8%, increase was principally due to
higher therms sold and transported (arising from the colder weather) and, to
a lessor extent, increased wholesale gas costs (which are passed on to
Laclede's customers under the Company's Purchased Gas Adjustment Clause). 
Therms sold and transported increased by 76.3 million therms, or 27.4%,
above the quarter ended December 31, 1994.

Utility operating expenses for the quarter ended December 31, 1995 increased
by $27.1 million, or 25.0%, above the same quarter last year.  Natural and
propane gas expense this quarter increased $23.2 million, or 35.5%, above
last year mainly due to increased volumes purchased for sendout (resulting
from the colder weather) and, to a lessor extent, higher rates charged by
our suppliers.  Other operation and maintenance expenses decreased $.7
million, or 3.1%, principally due to reduced pension expense reflecting the
recognition of gains on significant lump-sum settlements, lower charges for
maintenance, and other cost reduction efforts.  These decreases were largely
offset by pension credits recorded in the quarter ended December 31, 1994 to
establish a regulatory asset (necessary to reflect pension costs consistent
with the regulatory accounting treatment ordered by Missouri Public Service
Commission Case No. GR-94-220), higher wage rates and other increases in the
costs of doing business.  Depreciation and amortization expense increased
4.2% due to additional property.  Taxes, other than income taxes, increased
1.8% primarily due to higher gross receipts taxes (reflecting increased
revenues), partially offset by lower property taxes this quarter.  The $4.2
million increase in income taxes is principally due to higher taxable
income.

Miscellaneous income and income deductions increased $.7 million due to the
Company's new, non-utility gas marketing efforts through a wholly owned
subsidiary and other variations.  The 3.3% decrease in interest expense is
mainly due to reduced interest on refunds due customers, partially offset by
an increase in interest on long-term debt resulting from the issuance of $25
million of 6-1/2% First Mortgage Bonds in November 1995.










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On December 15, 1995, the Company filed a rate request with the Missouri
Public Service Commission for a general rate increase which would add $23.8
million to operating revenues on an annual basis.  This increase is
necessary to offset generally higher operating costs as well as the added
costs of operating, maintaining, and financing the increased investment in
new facilities the Company has installed since the filing of its last
general rate case in January 1994.  By law, the Missouri Commission has up
to eleven months before it must act on this 1995 request, but the Company is
hopeful the Commission will allow new rates to be implemented prior to
November 1996.


LIQUIDITY AND CAPITAL RESOURCES

The Company's short-term borrowing requirements typically peak during colder
months, principally because of required payments for natural gas made in
advance of the receipt of cash from the Company's customers for the sale of
that gas.  Such short-term cash requirements have traditionally been met
through the sale of commercial paper supported by lines of credit with
banks.  In January 1996, the Company renewed its primary line of bank credit
under which it may borrow up to $40 million prior to January 31, 1997, with
renewal of any loans outstanding on that date permitted to June 30, 1997. 
This, along with a previously obtained $50 million supplemental line of
credit which runs through March 1, 1996 (the supplemental line was increased
to $60 million for one day on November 20, 1995), provides a total line of
credit of $90 million for the 1995-1996 heating season.  The Company
anticipates that the supplemental line of credit will be reduced after
March 1, 1996, since seasonal cash needs typically decline at the end of the
heating season.  During fiscal 1996 to date, the Company sold commercial
paper aggregating to a maximum of $91.5 million at any one time, but did not
borrow from the banks under the aforementioned agreements.  Short-term
borrowings amounted to $67.5 million at January 31, 1996.

On November 16, 1995, the Board of Directors received competitive bids from
various underwriters related to the issuance and sale of $25 million of
First Mortgage Bonds.  The Board elected to sell $25 million of First
Mortgage Bonds to the lowest bidder, at an overall cost to the Company of
6.55%.  The bonds mature on November 15, 2010.  The Bonds were rated AA- by
Fitch, Aa3 by Moody's, and AA- by Standard & Poors, the same ratings
applicable to the Company's then outstanding bonds.

Construction expenditures for the quarter were $9.8 million compared with
$11.4 million for the same period last year.

Capitalization at December 31, 1995 increased $36.2 million since September
30, 1995 and consisted of 56.8% common stock equity, .5% preferred stock
equity and 42.7% long-term debt.

The seasonal effect of the Company's financial position affects the
comparison of certain balance sheet items at December 31, 1995 and at
September 30, 1995 such as Accounts Receivable - Net, Notes Payable, and
Accounts Payable.


 

 
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              LACLEDE GAS COMPANY AND SUBSIDIARY COMPANIES












                                Part II


                           OTHER INFORMATION




































                                 Page 10<PAGE>
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         LACLEDE GAS COMPANY AND SUBSIDIARY COMPANIES

Item 1.  Legal Proceedings

         During the quarter ended December 31, 1995, there were no new       
         legal proceedings required to be disclosed.  

Item 6.  Exhibits and Reports on Form 8-K

         (a)  See Exhibit Index

         (b)  Reports on Form 8-K

              The Company filed a Form 8-K Report during the quarter         
              ended December 31, 1995.
              
              Item Reported:

              Pursuant to an Underwriting Agreement, effective November      
              16, 1995 (the "Underwriting Agreement"), Laclede Gas Company   
              (the "Registrant"), on November 21, 1995, sold to the          
              Underwriters named on Schedule I attached to the Underwriting  
              Agreement $25,000,000 aggregate principal amount of its First  
              Mortgage Bonds, 6 1/2% Series due November 15, 2010 (the       
              "Bonds").  The Bonds have been issued under a Mortgage and     
              Deed of Trust, dated as of February 1, 1945, under which       
              Mercantile Bank of St. Louis National Association is successor 
              Trustee.  Such Mortgage and Deed of Trust had previously been  
              amended and supplemented and has been further supplemented by  
              a Twenty-Second Supplemental Indenture, dated as of November   
              15, 1995 (the "Supplemental Indenture").  The registration     
              statement on Form S-3 with respect to the First Mortgage Bonds 
              of the Registrant, including the Bonds (File No. 33-60996),    
              was filed by the Registrant on April 13, 1993 and declared     
              effective by the Securities and Exchange Commission on April   
              21, 1993.  Copies of the Underwriting Agreement and the        
              Supplemental Indenture were attached to the Form 8-K Report as 
              Exhibits 1.01 and 4.01, respectively.    

              Financial Statements Filed:  None.

              Date of Report
              (Date of Earliest  
              Event Reported):    November 16, 1995.

              Date Report Filed:  December 12, 1995.










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              LACLEDE GAS COMPANY AND SUBSIDIARY COMPANIES


                               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.





                                                  LACLEDE GAS COMPANY


Date:  February 9, 1996                             G. T. McNeive, Jr.
                                                   -------------------
                                                    G. T. McNeive, Jr.
                                              Sr. Vice President - Finance   
                                              (Authorized Signatory and
                                               Chief Financial Officer) 




























                                 Page 12     <PAGE>
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                          Index to Exhibits


                                                               Sequentially
Exhibit                                                          Numbered
Number            Exhibit                                          Page
-------           -------                                      ------------  
                                                                            
    
  10.1        Further Extension dated November 1, 1995 of 
              Supplemental Line of Credit Agreement dated 
              October 18, 1993 as amended and/or extended 
              by letters dated April 18, 1994; August 18,
              1994; October 18, 1994; March 1, 1995; May 23,
              1995; and September 1, 1995 among Laclede Gas
              Company, Chemical Bank, The Boatmen's National
              Bank of St. Louis, and Mercantile Bank of St.                  
              Louis National Association                             14      
                                                                     
  27          Financial Data Schedule UT                             17




























                               
 
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