PARADIGM CAPTAL MANAGEMENT INC/NY
13F-HR, 1999-05-26
Previous: GLOBAL MEDIA CORP, PRE 14C, 1999-05-26
Next: BANK OF THE OZARKS INC, S-1, 1999-05-26



			Form 13F

Report for the Calendar Year or Quarter Ended: 3/31/99

Check here if Amendment [  ]; Amendment Number:

This amendment (Check only one):  [  ] is a restatment.
                                  [  ] adds new holdings entries.

Institutional Investment Manager Filing this Report:

Name: Paradigm Capital Management
Address: 9 Elk Street
         Albany, New York 12207

13F File Number:  28-6298

The institutional investment manager filing this report
and the person by whom it is signed hereby represent that the
person signing the report is authorized to submit it, that
 all information contained herein is
true, correct and complete, and that it is
 understood that all required items, statements, schedules,
lists, and tables, are considered integral parts of this form.

Person signing this report on behalf of Reporting Manager:

Name: Peter E. Bulger
Title: SVP
Phone: 518-431-3500

Signature, Place and Date of Signing:

   Peter E. Bulger Albany NY 4/30/99
Report Type (Check only one.):

[  ]	13F Holdings Report.

[  ]	13F Notice.

[x ]	13F Combination Report.

List of other Managers reporting for this Manager:



I am signing this report as required by the Securities Exchange Act of 1934.


/ Peter E. Bulger
Paradigm Capital Management, Inc.






Form 13F  SUMMARY PAGE

Report Summary: for Paradigm Capital Management
File # 28-7092

Number of other Included Managers: 0

Form 13F Informational Table Entry Total: 146

Form 13F Informational Table Value Total: $351,398,000
List of Ohter Included Managers:

No.		13F File Number		Name


<TABLE>
<C>
<C>
                                                                  FORM 13F INFORMATION TABLE
                                                           VALUE   SHARES/  SH/ PUT/ INVSTMT    OTHER          VOTING AUTHORITY
        NAME OF ISSUER          TITLE OF CLASS    CUSIP   (x$1000) PRN AMT  PRN CALL DSCRETN   MANAGERS     SOLE    SHARED    NONE
- ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
<S>                            <C>              <C>       <C>      <C>      <C> <C>  <C>     <C>          <C>      <C>      <C>
Abbott Laboratories            COM              002824100     1414    30200 SH       SOLE                                      30200
Act Manufacturing              COM              000973107     2753   166200 SH       SOLE                    75000             91200
Advanced Technical Products, I COM              007548100      308    28700 SH       SOLE                                      28700
Albany Intl 'A'                COM              012348108     1928   102803 SH       SOLE                                     102803
Amer Business Prod             COM              024763104      487    34800 SH       SOLE                                      34800
Amer Precision Indus           COM              029069101     2014   209200 SH       SOLE                                     209200
Amer Safety Razor              COM              029362100     3406   245500 SH       SOLE                                     245500
Amer Woodmark                  COM              030506109     8529   269700 SH       SOLE                    70000            199700
Angelica Corp                  COM              034663104     3312   236600 SH       SOLE                    11000            236600
Apogee Enterprises             COM              037598109      986    83000 SH       SOLE                                      83000
Applied Graphics Technologies  COM              037937109       81    10800 SH       SOLE                                      10800
Avid Technology                COM              05367p100     6565   376500 SH       SOLE                    44300            332200
BHA Group'A'                   COM              055446108     1461   160111 SH       SOLE                                     160111
Baldwin Technology'A'          COM              058264102     4125  1434700 SH       SOLE                   249000           1185700
Baxter International           COM              071813109      554     8400 SH       SOLE                                       8400
Bel Fuse Cl B                  COM              077347300      254     8200 SH       SOLE                     3200              5000
Bell Atlantic Corp             COM              077853109      258     5000 SH       SOLE                                       5000
Berlitz International          COM              08520F100      538    23800 SH       SOLE                                      23800
Blair Corp                     COM              092828102      614    39000 SH       SOLE                                      39000
Bogen Communications Intl      COM              097189104      360    53300 SH       SOLE                                      53300
Brush Wellman                  COM              117421107     3995   275500 SH       SOLE                                     275500
Bush Indus Cl'A'               COM              123164105      794    64500 SH       SOLE                                      64500
C & D Technologies             COM              124661109    20895   840000 SH       SOLE                    40900            799100
C P Clare Corp                 COM              12615K107      818   225700 SH       SOLE                                     225700
CMC Industries                 COM              125708107      367    70000 SH       SOLE                    70000
CPAC Inc                       COM              126145101      777   105300 SH       SOLE                                     105300
CSS Industries                 COM              125906107     5660   254400 SH       SOLE                                     254400
Carlisle Cos                   COM              142339100     4226    90400 SH       SOLE                                      90400
Chemfab Corp                   COM              16361L102     2449   148400 SH       SOLE                                     148400
Cold Metal Products            COM              192861102      297   169600 SH       SOLE                                     169600
Colgate-Palmolive              COM              194162103     1417    15400 SH       SOLE                                      15400
Columbus McKinnon Corp.        COM              199333105     7489   372100 SH       SOLE                                     372100
Concorde Camera                COM              206156101      649   160900 SH       SOLE                                     160900
Crane Co                       COM              224399105     7279   300950 SH       SOLE                                     300950
DII Group                      COM              232949107     1843    63000 SH       SOLE                    50000             13000
Dentsply Intl                  COM              249030107      203     8750 SH       SOLE                                       8750
Diageo PLC Sponsored ADR       COM              25243q205      229     5000 SH       SOLE                                       5000
Donnelly Corp Cl'A'            COM              257870105     1738   132400 SH       SOLE                                     132400
Electro Rent                   COM              285218103     3391   371600 SH       SOLE                    40000            331600
Enesco Group Inc               COM              292973104     4171   230900 SH       SOLE                    15000            230900
Esterline Technologies         COM              297425100     1594   123200 SH       SOLE                                     123200
Expert Software                COM              302131107      200    97200 SH       SOLE                    97200
Farr Co                        COM              311648109     1334   156950 SH       SOLE                                     156950
Fibermark Inc                  COM              315646109     4613   390500 SH       SOLE                                     390500
Friedman's Inc'A'              COM              358438109     1269   141000 SH       SOLE                                     141000
Friendly's Ice Cream           COM              358497105      173    28200 SH       SOLE                                      28200
Furon Co                       COM              361106107     2473   195900 SH       SOLE                                     195900
General Electric               COM              369604103     1263    11420 SH       SOLE                                      11420
Genicom Corp                   COM              372282103      942   486100 SH       SOLE                   282900            203200
Gerber Scientific              COM              373730100     5130   254100 SH       SOLE                                     254100
Gillette Co                    COM              375766102     1189    20000 SH       SOLE                                      20000
Gymboree                       COM              403777105      171    19100 SH       SOLE                                      19100
Harmon Indus                   COM              413136102     1534    76450 SH       SOLE                                      76450
Haverty Furniture Co           COM              419596101     1137    44800 SH       SOLE                                      44800
Hawk Corp Cl A                 COM              420089104     2887   360900 SH       SOLE                    20000            360900
Healthcare Svcs                COM              421906108      504    53100 SH       SOLE                                      53100
Heilig-Meyers                  COM              422893107      804   154900 SH       SOLE                    50000            104900
Heinz (H.J.)                   COM              423074103      237     5000 SH       SOLE                                       5000
Helen of Troy                  COM              g4388n106     4463   345000 SH       SOLE                    70000            275000
Hewlett-Packard                COM              428236103      203     3000 SH       SOLE                                       3000
Hollinger Intl Cl A            COM              435569108      149    11000 SH       SOLE                                      11000
Hunt Mfg                       COM              445591100     2097   212400 SH       SOLE                                     212400
ICT Group Inc                  COM              44929y101      521   181300 SH       SOLE                                     181300
Information Resources          COM              456905108      644   100100 SH       SOLE                                     100100
Intl Business Machines         COM              459200101      337     1900 SH       SOLE                                       1900
Jabil Circuit                  COM              466313103     7857   194000 SH       SOLE                                     194000
Johnson & Johnson              COM              478160104     3768    40300 SH       SOLE                                      40300
Jos.A. Bank Clothiers          COM              480838101     4168   680500 SH       SOLE                   177800            502700
K-Tron Intl                    COM              482730108     3665   203600 SH       SOLE                                     203600
Katy Inds                      COM              486026107     1197    92100 SH       SOLE                                      92100
Kentucky Electric Steel        COM              49127b100      141    41800 SH       SOLE                                      41800
Lawter Intl                    COM              520786104     2010   287200 SH       SOLE                                     287200
Lifetime Hoan Corp             COM              531926103      363    37000 SH       SOLE                                      37000
Longs Drug Stores Corp         COM              543162101      609    20000 SH       SOLE                                      20000
Lydall Inc                     COM              550819106     2619   315100 SH       SOLE                                     315100
Mark IV Industries             COM              570387100     8444   649556 SH       SOLE                    30000            649556
Matlack Systems                COM              576901102      537    95400 SH       SOLE                                      95400
Mattel, Inc                    COM              577081102     2164    86780 SH       SOLE                                      86780
Maxxim Medical                 COM              57777g105     8786   465500 SH       SOLE                    40000            425500
Mazel Stores                   COM              578792103      789    83100 SH       SOLE                                      83100
Media 100 Inc                  COM              58440w105      656   125000 SH       SOLE                   105000             20000
Medical Resources Inc, New     COM              58461q409      113    53200 SH       SOLE                                      53200
Merck & Co                     COM              589331107     2282    28480 SH       SOLE                                      28480
Merix Corp                     COM              590049102     1191   229500 SH       SOLE                   100000            129500
Mestek Inc                     COM              590829107     2301   121100 SH       SOLE                                     121100
Microsemi Corp                 COM              595137100     2310   289900 SH       SOLE                                     289900
Microwave Power Devices        COM              59517m103      646    80700 SH       SOLE                    50000             30700
Monro Muffler Brake            COM              610236101     5045   708045 SH       SOLE                    38270            708045
Myers Inds Inc                 COM              628464109      655    31000 SH       SOLE                                      31000
Nash Finch Co                  COM              631158102     1571   187600 SH       SOLE                                     187600
Nashua Corp                    COM              631226107      276    24000 SH       SOLE                                      24000
Neomagic Corp                  COM              640497103      528    53100 SH       SOLE                                      53100
Newell Rubbermaid              COM              651229106      352     7406 SH       SOLE                                       7406
O'Sullivan Industries Hldg     COM              688609106     3928   284400 SH       SOLE                    40000            244400
Oneida Ltd                     COM              682505102     5310   312350 SH       SOLE                                     312350
Optika Inc                     COM              683973101      208    52800 SH       SOLE                    52800             52800
Patrick Indus                  COM              703343103      855    63300 SH       SOLE                    17000             46300
Paul Harris Stores             COM              703555220     1030   139700 SH       SOLE                    70000             69700
Penn Engr & Mfg                COM              707389300     6298   331500 SH       SOLE                                     331500
PepsiCo Inc                    COM              713448108      788    20107 SH       SOLE                                      20107
Perceptron                     COM              71361f100      314    85800 SH       SOLE                                      85800
Pinnacle Systems               COM              723481107    11304   248439 SH       SOLE                    52181            196258
Platinum Technology            COM              72764t101    10311   404364 SH       SOLE                    60000            344364
PrimeSource Corp               COM              741593107     1759   312700 SH       SOLE                     5500            312700
Printronix Inc                 COM              742578107     1793   161200 SH       SOLE                                     161200
Procter & Gamble               COM              742718109      989    10100 SH       SOLE                                      10100
R & B Inc                      COM              749124103     1466   183300 SH       SOLE                                     183300
RemedyTemp Inc - Cl A          COM              759549108     2212   176100 SH       SOLE                                     176100
Richardson Electr              COM              763165107     1505   290200 SH       SOLE                    10000            290200
Rite Aid                       COM              767754104     6849   273950 SH       SOLE                                     273950
Robertson-Ceco Corp            COM              770539203     1275   175800 SH       SOLE                                     175800
Rogers Corp                    COM              775133101     5571   225100 SH       SOLE                                     225100
Rohn Inds                      COM              775381106      398   179200 SH       SOLE                                     179200
Russ Berrie & Co               COM              782233100      853    32900 SH       SOLE                                      32900
SED Intl Holdings              COM              784109100      524   182300 SH       SOLE                    40000            142300
STB Systems                    COM              784741100     1716   219650 SH       SOLE                                     219650
Salton Inc                     COM              795757103     5955   243700 SH       SOLE                   101600            142100
Sanmina Corp                   COM              800907107     2231    35000 SH       SOLE                     9000             26000
Sbarro Inc.                    COM              805844107     1430    53700 SH       SOLE                                      53700
Schawk Inc                     COM              806373106      509    52200 SH       SOLE                                      52200
Scotsman Industries            COM              809340102     6086   354100 SH       SOLE                    50000            304100
Scott Technologies Inc         COM              810022301     6950   400000 SH       SOLE                                     400000
Seamed Co.                     COM              81218q100      285    30000 SH       SOLE                    30000
Sears,Roebuck                  COM              812387108      452    10000 SH       SOLE                                      10000
Shopko Stores                  COM              824911101     8583   287300 SH       SOLE                    50000            237300
Smart Modular Tecnologies      COM              831690102     5888   394200 SH       SOLE                    60000            334200
Specialty Equipment            COM              847497203      246     8900 SH       SOLE                                       8900
Spectrum Control               COM              847615101     1238   295600 SH       SOLE                                     295600
Sterile Recoveries             COM              859151102      307    30000 SH       SOLE                    30000
Sterling Commerce              COM              859205106     1230    40000 SH       SOLE                                      40000
Sunrise Medical                COM              867910101      317    50700 SH       SOLE                                      50700
Supreme Industries Inc,Cl.A    COM              868607102      392    53100 SH       SOLE                                      53100
Sylvan Inc                     COM              871371100     1375   136600 SH       SOLE                                     136600
Symantec Corp                  COM              871503108    11028   651100 SH       SOLE                   150000            501100
Tandycrafts Inc.               COM              875386104      420   192000 SH       SOLE                                     192000
Technitrol                     COM              878555101     8925   387000 SH       SOLE                     9000            387000
The Pepsi Bottling Group       COM              713409100      315    15000 SH       SOLE                                      15000
Tokheim Corp                   COM              889073102       82    10420 SH       SOLE                                      10420
Trans World Entertainment      COM              89336q100     6046   549600 SH       SOLE                                     549600
Trustco Bank Corp              COM              898349105      538    21534 SH       SOLE                                      21534
Tuscarora Inc                  COM              900902107     1461   124350 SH       SOLE                                     124350
Urocor Inc.                    COM              91727p105       97    20000 SH       SOLE                                      20000
VWR Scientific Products        COM              918435108     1037    46100 SH       SOLE                                      46100
Windmere Durable Holdings      COM              973411101      420    60000 SH       SOLE                    60000
Worldtex Corp                  COM              981907108      542   289300 SH       SOLE                                     289300
Xerox Corp                     COM              984121103      208     4000 SH       SOLE                                       4000
</TABLE>


© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission