UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: June 30, 1999
Check here if Amendment [ ]; Amendment Number:
This Amendment (Check only one.) [ ] is a restatement.
[ ] adds new holdings entries
Institutional Investment Manager Filing this Report:
Name: Hourglass Capital Management, Inc.
Address: 1601 Elm Street, Suite 1750
Dallas, Texas 75201
13F File Number: 28-4856
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: Nora L. Phare
Title: Office Manager
Phone: (214) 754-8750 ext. 220
Signature, Place, and Date of Signing:
Nora L. Phare Dallas, Texas August 10, 1999
Report Type (check only one.):
[ X] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE
ACT OF 1934.
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FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 72
Form 13F Information Table Value Total: $271,390
List of Other Included Managers:
NONE
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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>
ALCOA INC. COM 022249106 2731 44140.00 SH SOLE 44140.00
ALLTEL CORP. COM 020039103 100 1400.00 SH SOLE 1400.00
AMERICA ONLINE COM 02364j104 3391 30825.00 SH SOLE 30825.00
AMERICAN EXPRESS COM 025816109 4221 32435.00 SH SOLE 32435.00
AMERICAN GENERAL COM 026351106 79 1050.00 SH SOLE 1050.00
AMERICAN INT'L GRP COM 026874107 4744 40461.00 SH SOLE 40461.00
AMERITECH COM 030954101 500 6800.00 SH SOLE 6800.00
AT&T CORP. COM 001957109 3665 65670.00 SH SOLE 65670.00
ATMOS ENERGY COM 049560105 92 3700.00 SH SOLE 3700.00
AUTOMATIC DATA PROCESSING COM 053015103 106 2400.00 SH SOLE 2400.00
AVERY DENNISON COM 053611109 2782 46075.00 SH SOLE 46075.00
BANKAMERICA CORP COM 060505104 505 6882.00 SH SOLE 6882.00
CARDINAL HEALTH COM 14149Y108 2873 44802.00 SH SOLE 44802.00
CATALINA MKTG. COM 148867104 166 1800.00 SH SOLE 1800.00
CATHAY BANCORP COM 149150104 234 5500.00 SH SOLE 5500.00
CHEVRON CORP. COM 166751107 485 5100.00 SH SOLE 5100.00
CISCO SYSTEMS COM 17275R102 4630 71852.00 SH SOLE 71852.00
CRESCENT REAL ESTATE COM 225756105 336 14150.00 SH SOLE 14150.00
DELL COMPUTER COM 247025109 2326 62875.00 SH SOLE 62875.00
DST SYSTEMS COM 233326107 2467 39230.00 SH SOLE 39230.00
DU PONT COM 263534109 78 1140.00 SH SOLE 1140.00
EMPIRE DISTRICT ELECTRIC CO. COM 291641108 357 13700.00 SH SOLE 13700.00
EXXON CORP. COM 302290101 1151 14924.00 SH SOLE 14924.00
FIRSTAR CORP COM 33763v109 2471 88260.00 SH SOLE 88260.00
GABLES RESIDENTIAL TRUST COM 362418105 306 12700.00 SH SOLE 12700.00
GATX CORP. COM 361448103 3476 91335.00 SH SOLE 91335.00
GENERAL ELECTRIC COM 369604103 3785 33500.00 SH SOLE 33500.00
GENERAL MILLS COM 370334104 56 700.00 SH SOLE 700.00
GILLETTE CO. COM 375766102 2495 60850.00 SH SOLE 60850.00
HEINZ (H.J.) COM 423074103 75 1500.00 SH SOLE 1500.00
HOME DEPOT COM 437076102 412 6400.00 SH SOLE 6400.00
HSB GROUP INC. COM 40428N109 305 7400.00 SH SOLE 7400.00
IBM CORP. COM 459200101 4917 38045.00 SH SOLE 38045.00
INTEL CORP. COM 458140100 95 1600.00 SH SOLE 1600.00
INTERNATIONAL PAPER COM 460146103 3012 59950.00 SH SOLE 59950.00
J C PENNY CO. COM 708160106 155 3200.00 SH SOLE 3200.00
JOHNSON & JOHNSON COM 478160104 3371 34400.00 SH SOLE 34400.00
KOALA CORP COM 499866101 334 12500.00 SH SOLE 12500.00
KOHLS CORP. COM 500255104 3171 41250.00 SH SOLE 41250.00
LINCOLN NATIONAL COM 534187109 99 1900.00 SH SOLE 1900.00
LUCENT TECH. COM 549463107 3455 51233.75 SH SOLE 51233.75
MARSH & MCLENNAN COM 571748102 3207 42370.00 SH SOLE 42370.00
MCI WORLDCOM COM 5526B1062 3097 35987.00 SH SOLE 35987.00
MEDTRONIC INC COM 585055106 3632 46645.00 SH SOLE 46645.00
MELLON BANK COM 585509102 3134 86160.00 SH SOLE 86160.00
MERCK & CO. COM 589331107 162 2200.00 SH SOLE 2200.00
MICROSOFT INC. COM 594918104 3196 35440.00 SH SOLE 35440.00
MIDCAP S&P DEPOSITORY RECEIPTS COM 595635103 168 2145.00 SH SOLE 2145.00
MINNESOTA MINING & MFG. COM 604059105 3071 35320.00 SH SOLE 35320.00
MOBIL CORP. COM 607059102 2554 25860.00 SH SOLE 25860.00
MOTOROLA INC. COM 620076109 28 300.00 SH SOLE 300.00
OMNICOM GROUP COM 681919106 2941 36760.00 SH SOLE 36760.00
PHILLIPS PETROLEUM COM 718507106 395 7850.00 SH SOLE 7850.00
PRENTISS PROPERTIES COM 740706106 343 14500.00 SH SOLE 14500.00
PROCTER & GAMBLE COM 742718109 2242 25125.00 SH SOLE 25125.00
SCHERING-PLOUGH COM 806605101 3303 62905.00 SH SOLE 62905.00
SOUTHERN CO. COM 842587107 311 11750.00 SH SOLE 11750.00
SOUTHWEST AIR COM 844741108 2694 86549.00 SH SOLE 86549.00
SPRINT CORP COM 852061100 3096 58410.00 SH SOLE 58410.00
STANDARD & POOR'S DEP RECPTS COM 78462F103 1093 7980.00 SH SOLE 7980.00
TEXACO INC. COM 881694103 2173 34840.00 SH SOLE 34840.00
THE WILLIAMS CO. COM 969457100 230 5400.00 SH SOLE 5400.00
WARNER-LAMBERT COM 934488107 2270 32845.00 SH SOLE 32845.00
XEROX CORP. COM 984121103 2733 46280.00 SH SOLE 46280.00
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