UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Quarter Ended: June 30, 1999
Institutional Investment Manager Filing this Report:
Name: Siphron Capital Management
Address: 280 South Beverly Drive, suite 412
Beverly Hills, CA 90212
13F File Number: 28-3316
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:
Name: David C. Siphron
Title: President / CEO
Phone: 310-858-7281
Signature, Place, and Date of Signing:
David C. Siphron Beverly Hills, California August 13, 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.
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 28
Form 13F Information Table Value Total: 1126948
<TABLE>
<C> <C>
NAME OF ISSUER Class Cusip Value Quantity SH/ PUT/ INV OTH VTG
(x$1000) of Shs PRN CALL DSCRN MGR AUT
- ------------------- ---- --------- ------- ------- ---- ---- ----- --- ----
Abbott Laboratories COM 002824100 38,868 856,600 SH N/A SOLE N/A SOLE
American Express COM 025816109 65,076 500,100 SH SOLE SOLE
American Int'l Group COM 026874107 36,758 313,500 SH SOLE SOLE
Bristol-Myers Squibb COM 110122108 29,629 420,650 SH SOLE SOLE
Campbell Soup COM 134429109 15,814 341,015 SH SOLE SOLE
Chase Manhattan COM 16161A108 37,865 437,744 SH SOLE SOLE
Clorox Co. COM 189054109 45,288 424,000 SH SOLE SOLE
Coca-Cola COM 191216100 53,528 863,350 SH SOLE SOLE
Eastman Kodak COM 277461109 16,097 237,598 SH SOLE SOLE
Electronic Data Sys. COM 285661104 41,897 739,900 SH SOLE SOLE
Gannett Co. COM 364730101 26,430 370,300 SH SOLE SOLE
Gillette COM 375766102 39,360 960,000 SH SOLE SOLE
Hershey Foods COM 427866108 39,170 659,700 SH SOLE SOLE
Hewlett-Packard COM 428236103 37,105 369,200 SH SOLE SOLE
Intel Corp. COM 458140100 42,838 719,964 SH SOLE SOLE
Johnson & Johnson COM 478160104 61,211 624,600 SH SOLE SOLE
Lilly (Eli) COM 532457108 27,295 381,090 SH SOLE SOLE
McDonald's Corp. COM 580135101 56,544 1,374,920 SH SOLE SOLE
Merck & Co. COM 589331107 46,410 630,360 SH SOLE SOLE
Microsoft Corp. COM 594918104 58,036 643,500 SH SOLE SOLE
Minnesota Mining COM 604059105 41,246 474,430 SH SOLE SOLE
N.Y. Times Co. COM 650111107 14,163 384,740 SH SOLE SOLE
NIKE, Inc. 'B' COM 654106103 37,404 590,200 SH SOLE SOLE
Pfizer, Inc. COM 717081103 35,414 324,900 SH SOLE SOLE
Quaker Oats COM 747402105 38,730 583,500 SH SOLE SOLE
Schwab (Charles) COM 808513105 68,825 631,425 SH SOLE SOLE
Wells Fargo COM 949746101 38,531 901,300 SH SOLE SOLE
Wrigley (Wm.) Jr. COM 982526105 37,416 419,520 SH SOLE SOLE
</TABLE>
